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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2022

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,
			2022						2021						2022						2021
			(in millions)
Net revenues:
Latin America			$	876					$	669					$	1,702					$	1,338
AMEA			1,535						1,452						3,402						3,197
Europe			2,626						2,474						5,561						5,321
North America			2,237						2,047						4,373						4,024
Net revenues			$	7,274					$	6,642					$	15,038					$	13,880
Earnings before income taxes:
Operating income:
Latin America			$	90					$	54					$	193					$	130
AMEA			211						213						483						575
Europe			380						413						757						970
North America			454						299						872						569
Unrealized (losses)/gains on hedging activities    (mark-to-market impacts)			(109)						20						(82)						138
General corporate expenses			(62)						(78)						(112)						(142)
Amortization of intangible assets			(32)						(32)						(64)						(70)
Gain on acquisition			—						—						—						9
Acquisition-related costs			(5)						(17)						(26)						(24)
Operating income			927						872						2,021						2,155
Benefit plan non-service income			30						54						63						98
Interest and other expense, net			(98)						(58)						(266)						(276)
Earnings before income taxes			$	859					$	868					$	1,818					$	1,977

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended June 30, 2022
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	255					$	568					$	1,001					$	1,901					$	3,725
Chocolate			243						536						1,140						60						1,979
Gum & Candy			193						201						170						276						840
Beverages			92						144						24						—						260
Cheese & Grocery			93						86						291						—						470
Total net revenues			$	876					$	1,535					$	2,626					$	2,237					$	7,274
			Three Months Ended June 30, 2021 (1)
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	197					$	509					$	849					$	1,778					$	3,333
Chocolate			181						475						1,137						54						1,847
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 Six Months Ended June 30, 2022
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	479					$	1,225					$	1,952					$	3,700					$	7,356
Chocolate			491						1,242						2,652						137						4,522
Gum & Candy			365						404						322						536						1,627
Beverages			194						341						56						—						591
Cheese & Grocery			173						190						579						—						942
Total net revenues			$	1,702					$	3,402					$	5,561					$	4,373					$	15,038
			Six Months Ended June 30, 2021 (1)
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	374					$	1,092					$	1,659					$	3,514					$	6,639
Chocolate			373						1,145						2,681						117						4,316
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

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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

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