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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Net Revenues by Segment

Our segment net revenues and earnings, reflecting our current segment structure for all periods presented, were:

			For the Years Ended December 31,
			2020						2019						2018
			(in millions)
Net revenues:
Latin America			$	2,477					$	3,018					$	3,202
AMEA			5,740						5,770						5,729
Europe			10,207						9,972						10,122
North America			8,157						7,108						6,885
Net revenues			$	26,581					$	25,868					$	25,938

Schedule of Operating Income by Segment

Earnings before income taxes:
Operating income:
Latin America			$	189					$	341					$	410
AMEA			821						691						702
Europe			1,775						1,732						1,734
North America			1,587						1,451						849
Unrealized gains/(losses) on hedging activities (mark-to-market impacts)			16						91						141
General corporate expenses			(326)						(330)						(335)
Amortization of intangible assets			(194)						(174)						(176)
Net gain on divestiture			—						44						—
Acquisition-related costs			(15)						(3)						(13)
Operating income			3,853						3,843						3,312
Benefit plan non-service income			138						60						50
Interest and other expense, net			(608)						(456)						(520)
Earnings before income taxes			$	3,383					$	3,447					$	2,842

Schedule of Total Assets, Depreciation Expense and Capital Expenditure by Segment

Total assets, depreciation expense and capital expenditures by segment, reflecting our current segment structure for all periods presented, were:

			For the Years Ended December 31,
			2020						2019						2018
			(in millions)
Total assets:
Latin America (1)			$	4,181					$	4,716					$	4,699
AMEA (1)			9,997						9,740						9,571
Europe (1)			21,442						20,354						19,426
North America (1)			23,297						21,637						21,015
Equity method investments			6,036						7,178						7,012
Unallocated assets and adjustments (2)			2,857						890						895
Total assets			$	67,810					$	64,515					$	62,618

(1)Segment assets do not reflect outstanding intercompany asset balances as intercompany accounts have been eliminated at a segment level.

(2)Unallocated assets consist primarily of cash and cash equivalents, deferred income taxes, centrally held property, plant and equipment, prepaid pension assets and derivative financial instrument balances. Final adjustments for jurisdictional netting of deferred tax assets and liabilities is done at a consolidated level.

			For the Years Ended December 31,
			2020						2019						2018
			(in millions)
Depreciation expense (1):
Latin America			$	101					$	105					$	97
AMEA			159						164						159
Europe			238						238						248
North America			154						138						131
Total depreciation expense			$	652					$	645					$	635

(1)Includes depreciation expense related to owned property, plant and equipment. Does not include amortization of intangible assets or leased assets. Refer to the consolidated statement of cash flows for 2020 for total depreciation and amortization expenses.

			For the Years Ended December 31,
			2020						2019						2018
			(in millions)
Capital expenditures:
Latin America			$	219					$	197					$	261
AMEA			177						244						277
Europe			295						297						326
North America			172						187						231
Total capital expenditures			$	863					$	925					$	1,095

Schedule of Net Revenues by Geographic Area

Geographic data for net revenues (recognized in the countries where products are sold from) and long-lived assets, excluding deferred taxes, goodwill, intangible assets and equity method investments, were:

			For the Years Ended December 31,
			2020						2019						2018
			(in millions)
Net revenues:
United States			$	7,130					$	6,625					$	6,401
Other			19,451						19,243						19,537
Total net revenues			$	26,581					$	25,868					$	25,938

Schedule of Long-lived Assets by Geographic Area

			As of December 31,
			2020						2019						2018
			(in millions)
Long-lived assets:
United States			$	1,956					$	1,806					$	1,481
Other			8,672						8,370						7,539
Total long-lived assets			$	10,628					$	10,176					$	9,020

Schedule of Net Revenues by Product Category

Net revenues by product category, reflecting our current segment structure for all periods presented, were:

			For the Year Ended December 31, 2020
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	668					$	2,039					$	3,035					$	7,024					$	12,766
Chocolate			610						2,025						5,291						253						8,179
Gum & Candy			474						696						612						880						2,662
Beverages			403						544						102						—						1,049
Cheese & Grocery			322						436						1,167						—						1,925
Total net revenues			$	2,477					$	5,740					$	10,207					$	8,157					$	26,581

			For the Year Ended December 31, 2019
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	708					$	1,844					$	2,998					$	5,888					$	11,438
Chocolate			710						2,082						5,119						247						8,158
Gum & Candy			823						861						698						973						3,355
Beverages			452						546						97						—						1,095
Cheese & Grocery			325						437						1,060						—						1,822
Total net revenues			$	3,018					$	5,770					$	9,972					$	7,108					$	25,868

			For the Year Ended December 31, 2018
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	727					$	1,724					$	3,127					$	5,607					$	11,185
Chocolate			747						2,080						5,083						267						8,177
Gum & Candy			865						879						736						1,011						3,491
Beverages			533						553						98						—						1,184
Cheese & Grocery			330						493						1,078						—						1,901
Total net revenues			$	3,202					$	5,729					$	10,122					$	6,885					$	25,938

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- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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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.

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