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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:

			For the Three Months Ended March 31,
			2022						2021
			(in millions)
Net revenues:
Latin America			$	826					$	669
AMEA			1,867						1,745
Europe			2,935						2,847
North America			2,136						1,977
Net revenues			$	7,764					$	7,238
Earnings before income taxes:
Operating income:
Latin America			$	103					$	76
AMEA			272						362
Europe			377						557
North America			418						270
Unrealized gains/(losses) on hedging activities    (mark-to-market impacts)			27						118
General corporate expenses			(50)						(64)
Amortization of intangible assets			(32)						(38)
Gain on acquisition			—						9
Acquisition-related costs			(21)						(7)
Operating income			1,094						1,283
Benefit plan non-service income			33						44
Interest and other expense, net			(168)						(218)
Earnings before income taxes			$	959					$	1,109

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended March 31, 2022
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	224					$	657					$	951					$	1,799					$	3,631
Chocolate			248						706						1,512						77						2,543
Gum & Candy			172						203						152						260						787
Beverages			102						197						32						—						331
Cheese & Grocery			80						104						288						—						472
Total net revenues			$	826					$	1,867					$	2,935					$	2,136					$	7,764
			Three Months Ended March 31, 2021 (1)
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	177					$	583					$	810					$	1,736					$	3,306
Chocolate			192						670						1,544						63						2,469
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

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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- References

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