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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

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,
			2023						2022						2023						2022
			(in millions)
Net revenues:
Latin America			$	1,305					$	913					$	3,744					$	2,615
AMEA			1,791						1,704						5,339						5,106
Europe			3,086						2,649						9,319						8,210
North America			2,847						2,497						8,300						6,870
Net revenues			$	9,029					$	7,763					$	26,702					$	22,801
Earnings before income taxes:
Operating income:
Latin America			$	156					$	112					$	429					$	305
AMEA			302						257						869						740
Europe			494						413						1,450						1,170
North America			532						465						1,678						1,337
Unrealized gains/(losses) on hedging activities    (mark-to-market impacts)			19						(186)						239						(268)
General corporate expenses			(86)						(58)						(242)						(170)
Amortization of intangible assets			(38)						(32)						(114)						(96)
Acquisition-related costs			—						(292)						—						(318)
Operating income			1,379						679						4,309						2,700
Benefit plan non-service income			19						30						60						93
Interest and other expense, net			(66)						(71)						(258)						(337)
(Loss)/gain on marketable securities			(1)						—						606						—
Earnings before income taxes			$	1,331					$	638					$	4,717					$	2,456

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended September 30, 2023
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	313					$	642					$	1,120					$	2,409					$	4,484
Chocolate			347						701						1,428						83						2,559
Gum & Candy			408						233						199						355						1,195
Beverages			112						118						29						—						259
Cheese & Grocery			125						97						310						—						532
Total net revenues			$	1,305					$	1,791					$	3,086					$	2,847					$	9,029
			For the Three Months Ended September 30, 2022
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	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 Nine Months Ended September 30, 2023
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	898					$	1,881					$	3,311					$	7,105					$	13,195
Chocolate			1,031						2,011						4,339						223						7,604
Gum & Candy			1,124						674						652						972						3,422
Beverages			335						476						88						—						899
Cheese & Grocery			356						297						929						—						1,582
Total net revenues			$	3,744					$	5,339					$	9,319					$	8,300					$	26,702
			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

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
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-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
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