XML 48 R38.htm IDEA: XBRL DOCUMENT v3.22.2.2

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2022

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,
			2022						2021						2022						2021
			(in millions)
Net revenues:
Latin America			$	913					$	751					$	2,615					$	2,089
AMEA			1,704						1,629						5,106						4,826
Europe			2,649						2,714						8,210						8,035
North America			2,497						2,088						6,870						6,112
Net revenues			$	7,763					$	7,182					$	22,801					$	21,062
Earnings before income taxes:
Operating income:
Latin America			$	112					$	91					$	305					$	221
AMEA			257						267						740						842
Europe			413						508						1,170						1,478
North America			465						363						1,337						932
Unrealized (losses)/gains on hedging activities    (mark-to-market impacts)			(186)						132						(268)						270
General corporate expenses			(58)						(35)						(170)						(177)
Amortization of intangible assets			(32)						(32)						(96)						(102)
Gain on acquisition			—						—						—						9
Acquisition-related costs			(292)						—						(318)						(24)
Operating income			679						1,294						2,700						3,449
Benefit plan non-service income			30						37						93						135
Interest and other expense, net			(71)						(82)						(337)						(358)
Earnings before income taxes			$	638					$	1,249					$	2,456					$	3,226

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended September 30, 2022
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	272					$	655					$	892					$	2,166					$	3,985
Chocolate			240						640						1,290						62						2,232
Gum & Candy			202						204						172						269						847
Beverages			111						119						25						—						255
Cheese & Grocery			88						86						270						—						444
Total net revenues			$	913					$	1,704					$	2,649					$	2,497					$	7,763
			For the Three Months Ended September 30, 2021 (1)
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	218					$	585					$	859					$	1,785					$	3,447
Chocolate			208						623						1,371						68						2,270
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 Nine Months Ended September 30, 2022
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	751					$	1,880					$	2,844					$	5,866					$	11,341
Chocolate			731						1,882						3,942						199						6,754
Gum & Candy			567						608						494						805						2,474
Beverages			305						460						81						—						846
Cheese & Grocery			261						276						849						—						1,386
Total net revenues			$	2,615					$	5,106					$	8,210					$	6,870					$	22,801
			For the Nine Months Ended September 30, 2021 (1)
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	592					$	1,677					$	2,518					$	5,299					$	10,086
Chocolate			581						1,768						4,052						185						6,586
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

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

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration