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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

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,
			2023						2022						2023						2022
			(in millions)
Net revenues:
Latin America			$	1,228					$	876					$	2,439					$	1,702
AMEA			1,609						1,535						3,548						3,402
Europe			2,926						2,626						6,233						5,561
North America			2,744						2,237						5,453						4,373
Net revenues			$	8,507					$	7,274					$	17,673					$	15,038
Earnings before income taxes:
Operating income:
Latin America			$	134					$	90					$	273					$	193
AMEA			207						211						567						483
Europe			449						380						956						757
North America			580						454						1,146						872
Unrealized gains/(losses) on hedging activities    (mark-to-market impacts)			171						(109)						220						(82)
General corporate expenses			(79)						(62)						(156)						(112)
Amortization of intangible assets			(37)						(32)						(76)						(64)
Acquisition-related costs			—						(5)						—						(26)
Operating income			1,425						927						2,930						2,021
Benefit plan non-service income			22						30						41						63
Interest and other expense, net			(97)						(98)						(192)						(266)
(Loss)/gain on marketable securities			(189)						—						607						—
Earnings before income taxes			$	1,161					$	859					$	3,386					$	1,818

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended June 30, 2023
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	309					$	570					$	1,129					$	2,383					$	4,391
Chocolate			316						563						1,241						56						2,176
Gum & Candy			368						235						220						305						1,128
Beverages			112						150						26						—						288
Cheese & Grocery			123						91						310						—						524
Total net revenues			$	1,228					$	1,609					$	2,926					$	2,744					$	8,507
			For the Three Months Ended June 30, 2022
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	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
			For the Six Months Ended June 30, 2023
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	585					$	1,239					$	2,191					$	4,696					$	8,711
Chocolate			684						1,310						2,911						140						5,045
Gum & Candy			716						441						453						617						2,227
Beverages			223						358						59						—						640
Cheese & Grocery			231						200						619						—						1,050
Total net revenues			$	2,439					$	3,548					$	6,233					$	5,453					$	17,673
			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

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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
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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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

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