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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:

			For the Three Months Ended March 31,
			2023						2022
			(in millions)
Net revenues:
Latin America			$	1,211					$	826
AMEA			1,939						1,867
Europe			3,307						2,935
North America			2,709						2,136
Net revenues			$	9,166					$	7,764
Earnings before income taxes:
Operating income:
Latin America			$	139					$	103
AMEA			360						272
Europe			507						377
North America			566						418
Unrealized gains/(losses) on hedging activities    (mark-to-market impacts)			49						27
General corporate expenses			(77)						(50)
Amortization of intangible assets			(39)						(32)
Acquisition-related costs			—						(21)
Operating income			1,505						1,094
Benefit plan non-service income			19						33
Interest and other expense, net			(95)						(168)
Gain on marketable securities			796						—
Earnings before income taxes			$	2,225					$	959

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended March 31, 2023
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	276					$	669					$	1,062					$	2,313					$	4,320
Chocolate			368						747						1,670						84						2,869
Gum & Candy			348						206						233						312						1,099
Beverages			111						208						33						—						352
Cheese & Grocery			108						109						309						—						526
Total net revenues			$	1,211					$	1,939					$	3,307					$	2,709					$	9,166
			For the Three Months Ended March 31, 2022
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	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

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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