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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:

			For the Three Months Ended June 30,												For the Six Months Ended June 30,
			2021						2020						2021						2020
			(in millions)
Net revenues:
Latin America			$	669					$	511					$	1,338					$	1,237
AMEA			1,452						1,237						3,197						2,739
Europe			2,474						2,138						5,321						4,722
North America			2,047						2,025						4,024						3,920
Net revenues			$	6,642					$	5,911					$	13,880					$	12,618
Earnings before income taxes:
Operating income:
Latin America			$	54					$	(6)					$	130					$	72
AMEA			213						171						575						405
Europe			413						297						970						769
North America			299						424						569						805
Unrealized gains/(losses) on hedging activities    (mark-to-market impacts)			20						(2)						138						(187)
General corporate expenses			(78)						(111)						(142)						(187)
Amortization of intangible assets			(32)						(50)						(70)						(93)
Gain on acquisition			—						—						9						—
Acquisition-related costs			(17)						(10)						(24)						(15)
Operating income			872						713						2,155						1,569
Benefit plan non-service income			54						31						98						64
Interest and other expense, net			(58)						(85)						(276)						(275)
Earnings before income taxes			$	868					$	659					$	1,977					$	1,358

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended June 30, 2021
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	197					$	509					$	843					$	1,778					$	3,327
Chocolate			181						475						1,143						54						1,853
Gum & Candy			129						215						154						215						713
Beverages			82						146						27						—						255
Cheese & Grocery			80						107						307						—						494
Total net revenues			$	669					$	1,452					$	2,474					$	2,047					$	6,642
			For the Three Months Ended June 30, 2020
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	154					$	458					$	694					$	1,804					$	3,110
Chocolate			119						361						1,001						39						1,520
Gum & Candy			65						153						135						182						535
Beverages			90						157						20						—						267
Cheese & Grocery			83						108						288						—						479
Total net revenues			$	511					$	1,237					$	2,138					$	2,025					$	5,911
			For the Six Months Ended June 30, 2021
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	374					$	1,092					$	1,645					$	3,514					$	6,625
Chocolate			373						1,145						2,695						117						4,330
Gum & Candy			260						409						302						393						1,364
Beverages			176						326						60						—						562
Cheese & Grocery			155						225						619						—						999
Total net revenues			$	1,338					$	3,197					$	5,321					$	4,024					$	13,880
			For the Six Months Ended June 30, 2020
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	328					$	966					$	1,440					$	3,402					$	6,136
Chocolate			313						904						2,364						95						3,676
Gum & Candy			247						338						308						423						1,316
Beverages			192						328						45						—						565
Cheese & Grocery			157						203						565						—						925
Total net revenues			$	1,237					$	2,739					$	4,722					$	3,920					$	12,618

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=123359005&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=123359005&loc=d3e9031-108599

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