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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:

			For the Three Months Ended September 30,												For the Nine Months Ended September 30,
			2020						2019						2020						2019
			(in millions)
Net revenues:
Latin America			$	610					$	736					$	1,847					$	2,273
AMEA			1,470						1,419						4,209						4,312
Europe			2,526						2,377						7,248						7,175
North America			2,059						1,823						5,979						5,195
Net revenues			$	6,665					$	6,355					$	19,283					$	18,955
Earnings before income taxes:
Operating income:
Latin America			$	77					$	84					$	149					$	250
AMEA			210						188						615						635
Europe			432						331						1,201						1,239
North America			387						370						1,192						1,096
Unrealized gains/(losses) on hedging activities (mark-to-market impacts)			145						20						(42)						69
General corporate expenses			(66)						(76)						(253)						(264)
Amortization of intangibles			(50)						(43)						(143)						(130)
Net gain on divestiture			—						3						—						44
Acquisition-related costs			—						(1)						(15)						(2)
Operating income			1,135						876						2,704						2,937
Benefit plan non-service income			38						13						102						42
Interest and other expense, net			(89)						(205)						(364)						(386)
Earnings before income taxes			$	1,084					$	684					$	2,442					$	2,593

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended September 30, 2020
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	172					$	550					$	803					$	1,768					$	3,293
Chocolate			151						533						1,255						61						2,000
Gum & Candy			103						173						153						230						659
Beverages			102						109						23						—						234
Cheese & Grocery			82						105						292						—						479
Total net revenues			$	610					$	1,470					$	2,526					$	2,059					$	6,665
			For the Three Months Ended September 30, 2019
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	186					$	495					$	752					$	1,514					$	2,947
Chocolate			164						526						1,177						61						1,928
Gum & Candy			212						213						165						248						838
Beverages			93						103						21						—						217
Cheese & Grocery			81						82						262						—						425
Total net revenues			$	736					$	1,419					$	2,377					$	1,823					$	6,355
			For the Nine Months Ended September 30, 2020
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	500					$	1,516					$	2,243					$	5,170					$	9,429
Chocolate			464						1,437						3,619						156						5,676
Gum & Candy			350						511						461						653						1,975
Beverages			294						437						68						—						799
Cheese & Grocery			239						308						857						—						1,404
Total net revenues			$	1,847					$	4,209					$	7,248					$	5,979					$	19,283
			For the Nine Months Ended September 30, 2019
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	542					$	1,361					$	2,253					$	4,337					$	8,493
Chocolate			551						1,521						3,543						162						5,777
Gum & Candy			621						662						519						696						2,498
Beverages			324						444						67						—						835
Cheese & Grocery			235						324						793						—						1,352
Total net revenues			$	2,273					$	4,312					$	7,175					$	5,195					$	18,955

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
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X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

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