XML 55 R40.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:

			For the Three Months Ended March 31,
			2024						2023
			(in millions)
Net revenues:
Latin America			$	1,319					$	1,211
AMEA			1,950						1,939
Europe			3,368						3,307
North America			2,653						2,709
Net revenues			$	9,290					$	9,166
Earnings before income taxes:
Operating income:
Latin America			$	157					$	139
AMEA			411						360
Europe			591						507
North America			549						566
Unrealized gains on hedging activities (mark-to-market impacts)			1,124						49
General corporate expenses			(67)						(77)
Amortization of intangible assets			(38)						(39)
Operating income			2,727						1,505
Benefit plan non-service income			23						19
Interest and other expense, net			(68)						(95)
Gain on marketable securities			—						796
Earnings before income taxes			$	2,682					$	2,225

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended March 31, 2024
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	286					$	644					$	1,030					$	2,339					$	4,299
Chocolate			382						771						1,770						91						3,014
Gum & Candy			393						234						206						223						1,056
Beverages			130						189						34						—						353
Cheese & Grocery			128						112						328						—						568
Total net revenues			$	1,319					$	1,950					$	3,368					$	2,653					$	9,290
			For the Three Months Ended March 31, 2023
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	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

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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ 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
-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

+ 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