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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

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,
			2021						2020						2021						2020
			(in millions)
Net revenues:
Latin America			$	751					$	610					$	2,089					$	1,847
AMEA			1,629						1,470						4,826						4,209
Europe			2,714						2,526						8,035						7,248
North America			2,088						2,059						6,112						5,979
Net revenues			$	7,182					$	6,665					$	21,062					$	19,283
Earnings before income taxes:
Operating income:
Latin America			$	91					$	77					$	221					$	149
AMEA			267						210						842						615
Europe			508						432						1,478						1,201
North America			363						387						932						1,192
Unrealized gains/(losses) on hedging activities    (mark-to-market impacts)			132						145						270						(42)
General corporate expenses			(35)						(66)						(177)						(253)
Amortization of intangible assets			(32)						(50)						(102)						(143)
Gain on acquisition			—						—						9						—
Acquisition-related costs			—						—						(24)						(15)
Operating income			1,294						1,135						3,449						2,704
Benefit plan non-service income			37						38						135						102
Interest and other expense, net			(82)						(89)						(358)						(364)
Earnings before income taxes			$	1,249					$	1,084					$	3,226					$	2,442

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended September 30, 2021
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	218					$	585					$	853					$	1,785					$	3,441
Chocolate			208						623						1,377						68						2,276
Gum & Candy			157						205						157						235						754
Beverages			89						112						27						—						228
Cheese & Grocery			79						104						300						—						483
Total net revenues			$	751					$	1,629					$	2,714					$	2,088					$	7,182
			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 Nine Months Ended September 30, 2021
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	592					$	1,677					$	2,498					$	5,299					$	10,066
Chocolate			581						1,768						4,072						185						6,606
Gum & Candy			417						614						459						628						2,118
Beverages			265						438						87						—						790
Cheese & Grocery			234						329						919						—						1,482
Total net revenues			$	2,089					$	4,826					$	8,035					$	6,112					$	21,062
			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

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)
-URI http://asc.fasb.org/extlink&oid=123359005&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=123359005&loc=d3e9031-108599

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