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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:

			For the Three Months Ended March 31,
			2021						2020
			(in millions)
Net revenues:
Latin America			$	669					$	726
AMEA			1,745						1,502
Europe			2,847						2,584
North America			1,977						1,895
Net revenues			$	7,238					$	6,707
Earnings before income taxes:
Operating income:
Latin America			$	76					$	78
AMEA			362						234
Europe			557						472
North America			270						381
Unrealized gains/(losses) on hedging activities    (mark-to-market impacts)			118						(185)
General corporate expenses			(64)						(76)
Amortization of intangibles			(38)						(43)
Gain on acquisition			9						—
Acquisition-related costs			(7)						(5)
Operating income			1,283						856
Benefit plan non-service income			44						33
Interest and other expense, net			(218)						(190)
Earnings before income taxes			$	1,109					$	699

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended March 31, 2021
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	177					$	583					$	802					$	1,736					$	3,298
Chocolate			192						670						1,552						63						2,477
Gum & Candy			131						194						148						178						651
Beverages			94						180						33						—						307
Cheese & Grocery			75						118						312						—						505
Total net revenues			$	669					$	1,745					$	2,847					$	1,977					$	7,238
			For the Three Months Ended March 31, 2020
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	174					$	508					$	746					$	1,598					$	3,026
Chocolate			194						543						1,363						56						2,156
Gum & Candy			182						185						173						241						781
Beverages			102						171						25						—						298
Cheese & Grocery			74						95						277						—						446
Total net revenues			$	726					$	1,502					$	2,584					$	1,895					$	6,707

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)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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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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