XML 64 R48.htm IDEA: XBRL DOCUMENT v3.22.4
Acquisitions and Divestitures - Narrative (Details)
£ in Millions, $ in Millions, € in Billions, $ in Billions
 12 Months Ended
Nov. 01, 2022
USD ($)
Nov. 01, 2022
MXN ($)
Aug. 01, 2022
USD ($)
Jan. 03, 2022
USD ($)
Jan. 03, 2022
EUR (€)
Nov. 01, 2021
USD ($)
Nov. 01, 2021
AUD ($)
Apr. 01, 2021
USD ($)
Apr. 01, 2021
AUD ($)
Mar. 25, 2021
USD ($)
Mar. 25, 2021
GBP (£)
Jan. 04, 2021
USD ($)
Apr. 01, 2020
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 16, 2022
USD ($)
Business Acquisition [Line Items]                                  
Business combination, acquisition related costs                           $ 330,000,000 $ 25,000,000 $ 15,000,000  
Payment to acquire business, net of cash received                           5,286,000,000 833,000,000 1,136,000,000  
Goodwill                           23,450,000,000 21,978,000,000 $ 21,895,000,000  
Held for Sale | Developed-market Gum Business                                  
Business Acquisition [Line Items]                                  
Expected sale price                                 $ 1,400,000,000
Ricolino                                  
Business Acquisition [Line Items]                                  
Percentage of interests acquired 100.00%                                
Closing cash consideration $ 1,300,000,000 $ 26                              
Indefinite-life intangible assets 339,000,000                                
Incremental net revenues from acquisition                           105,000,000      
Incremental operating income (loss) from acquisition                           1,000,000      
Business combination, acquisition related costs                           64,000,000      
Business combination, inventory step-up charge                           5,000,000      
Acquisition integration costs                           11,000,000      
Payment to acquire business, net of cash received 1,308,000,000                                
Goodwill 714,000,000                                
Property, plant and equipment 144,000,000                                
Inventory 70,000,000                                
Receivables 86,000,000                                
Operating leases right of use assets 17,000,000                                
Other current assets 3,000,000                                
Current liabilities 177,000,000                                
Definite-life intangible assets 218,000,000                                
Deferred tax liabilities 77,000,000                                
Long-term other liabilities $ 12,000,000                                
Clif Bar                                  
Business Acquisition [Line Items]                                  
Percentage of interests acquired     100.00%                            
Incremental net revenues from acquisition                           361,000,000      
Incremental operating income (loss) from acquisition                           13,000,000      
Business combination, acquisition related costs                           296,000,000      
Business combination, inventory step-up charge                           20,000,000      
Acquisition integration costs                           30,000,000      
Payments to acquire businesses and other related costs     $ 2,900,000,000                            
Payment to acquire business, net of cash received     2,576,000,000                            
Business combination, payment of employee stock ownership plan expense     300,000,000                            
Contingent consideration     440,000,000                     452,000,000      
Goodwill expected to be deductible for income tax purposes     1,400,000,000                            
Goodwill     1,020,000,000                            
Property, plant and equipment     186,000,000                            
Inventory     124,000,000                            
Receivables     76,000,000                            
Operating leases right of use assets     22,000,000                            
Other current assets     9,000,000                            
Current liabilities     159,000,000                            
Definite-life intangible assets     200,000,000                            
Long-term other liabilities     15,000,000                            
Clif Bar | Brands                                  
Business Acquisition [Line Items]                                  
Indefinite-life intangible assets     1,450,000,000                            
Clif Bar | Minimum                                  
Business Acquisition [Line Items]                                  
Business combination, contingent consideration arrangements, range of outcomes, value, low     0                            
Clif Bar | Maximum                                  
Business Acquisition [Line Items]                                  
Business combination, contingent consideration arrangements, range of outcomes, value, high     $ 2,400,000,000                            
Chipita                                  
Business Acquisition [Line Items]                                  
Percentage of interests acquired       100.00%                          
Closing cash consideration       $ 1,400,000,000 € 1.2                        
Incremental net revenues from acquisition                           651,000,000      
Incremental operating income (loss) from acquisition                           36,000,000      
Business combination, acquisition related costs                           22,000,000 6,000,000    
Acquisition integration costs                           90,000,000 17,000,000    
Payment to acquire business, net of cash received       1,402,000,000                          
Debt assumed       436,000,000 0.5                        
Total purchase price       1,800,000,000 € 1.7                        
Goodwill       795,000,000                          
Property, plant and equipment       379,000,000                          
Inventory       60,000,000                          
Receivables       102,000,000                          
Other current assets       3,000,000                          
Current liabilities       133,000,000                          
Definite-life intangible assets       48,000,000                          
Deferred tax liabilities       158,000,000                          
Long-term other liabilities       21,000,000                          
Chipita | Brands                                  
Business Acquisition [Line Items]                                  
Indefinite-life intangible assets       $ 686,000,000                          
Gourmet Food                                  
Business Acquisition [Line Items]                                  
Closing cash consideration               $ 343,000,000 $ 450                
Indefinite-life intangible assets               41,000,000                  
Incremental net revenues from acquisition                           14,000,000      
Incremental operating income (loss) from acquisition                           1,000,000      
Business combination, acquisition related costs                           1,000,000 7,000,000    
Goodwill               164,000,000                  
Property, plant and equipment               19,000,000                  
Inventory               18,000,000                  
Receivables               25,000,000                  
Other assets               12,000,000                  
Operating leases right of use assets               5,000,000                  
Other current assets               3,000,000                  
Current liabilities               19,000,000                  
Long-term operating lease liabilities               5,000,000                  
Definite-life intangible assets               $ 80,000,000                  
Gourmet Food | Divestitures | MaxFoods Pty Ltd.                                  
Business Acquisition [Line Items]                                  
Incremental net revenues from acquisition                             35,000,000    
Incremental operating income (loss) from acquisition                             5,000,000    
Proceeds from divestiture of businesses, net of cash divested           $ 41,000,000 $ 57                    
Grenade                                  
Business Acquisition [Line Items]                                  
Indefinite-life intangible assets                   $ 82,000,000              
Incremental net revenues from acquisition                           21,000,000      
Incremental operating income (loss) from acquisition                           2,000,000      
Business combination, acquisition related costs                             2,000,000    
Payment to acquire business, net of cash received                   261,000,000 £ 188            
Goodwill                   181,000,000              
Property, plant and equipment                   1,000,000              
Inventory                   11,000,000              
Receivables                   18,000,000              
Current liabilities                   25,000,000              
Definite-life intangible assets                   28,000,000              
Deferred tax liabilities                   20,000,000              
Long-term other liabilities                   $ 15,000,000              
Hu                                  
Business Acquisition [Line Items]                                  
Percentage of interests acquired                       93.00%          
Indefinite-life intangible assets                       $ 123,000,000          
Business combination, acquisition related costs                             9,000,000    
Payment to acquire business, net of cash received                       229,000,000          
Contingent consideration                       132,000,000          
Goodwill                       202,000,000          
Property, plant and equipment                       1,000,000          
Inventory                       2,000,000          
Receivables                       4,000,000          
Current liabilities                       5,000,000          
Definite-life intangible assets                       51,000,000          
Long-term other liabilities                       132,000,000          
Reduction to contingent consideration liability                           7,000,000 70,000,000    
Pre-tax gain to step up investment to fair value and consolidate the company                       9,000,000          
After-tax gain to step up investment to fair value and consolidate the company                       7,000,000          
Amount of equity in the acquiree held by immediately before the acquisition date                       $ 8,000,000          
Percentage of equity in the acquiree held immediately before the acquisition date                       7.00%          
Give & Go                                  
Business Acquisition [Line Items]                                  
Indefinite-life intangible assets                         $ 42,000,000        
Incremental net revenues from acquisition                             106,000,000    
Incremental operating income (loss) from acquisition                             6,000,000    
Acquisition integration costs                           $ 26,000,000 $ 6,000,000    
Payment to acquire business, net of cash received                         1,136,000,000        
Total purchase price                         1,139,000,000        
Goodwill                         531,000,000        
Property, plant and equipment                         136,000,000        
Inventory                         38,000,000        
Receivables                         29,000,000        
Operating leases right of use assets                         61,000,000        
Other current assets                         6,000,000        
Current liabilities                         42,000,000        
Long-term operating lease liabilities                         56,000,000        
Definite-life intangible assets                         511,000,000        
Deferred tax liabilities                         92,000,000        
Long-term other liabilities                         19,000,000        
Give & Go | Customer Relationships                                  
Business Acquisition [Line Items]                                  
Goodwill expected to be deductible for income tax purposes                         0        
Definite-lived intangible assets acquired                         $ 416,000,000        
Estimated useful life of definite-lived intangible assets acquired                         17 years