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Financial Instruments - Fair Value of Contingent Consideration Liability (Details) - USD ($) $ in Millions | Jun. 30, 2024 | Dec. 31, 2023
--- | --- | ---
Derivative [Line Items] |  |  |
Total contingent consideration |  | $ 661 | $ 680
Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration |  | 0 | 0
Significant Other Observable Inputs (Level 2) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration |  | 0 | 0
Significant Unobservable Inputs (Level 3) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration |  | 661 | 680
Clif Bar |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [1] | 568 | 548
Clif Bar | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [1] | 0 | 0
Clif Bar | Significant Other Observable Inputs (Level 2) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [1] | 0 | 0
Clif Bar | Significant Unobservable Inputs (Level 3) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [1] | 568 | 548
Other |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [2] | 93 | 132
Contingent consideration, current liabilities |  | 93 | 132
Other | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [2] | 0 | 0
Other | Significant Other Observable Inputs (Level 2) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [2] | 0 | 0
Other | Significant Unobservable Inputs (Level 3) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [2] | $ 93 | $ 132
[1] | In connection with the Clif Bar acquisition, we entered into a contingent consideration arrangement that may require us to pay additional consideration to the sellers for achieving certain net revenue, gross profit and EBITDA targets in 2025 and 2026 that exceed our base financial projections for the business implied in the upfront purchase price. The other contingent consideration liabilities are recorded at fair value within long-term liabilities. The estimated fair value of the contingent consideration obligation at the acquisition date was determined using a Monte Carlo simulation and recorded in other liabilities. Significant assumptions used in assessing the fair value of the liability include financial projections for net revenue, gross profit, and EBITDA, as well as discount and volatility rates. Fair value adjustments are primarily recorded in selling, general and administrative expenses in the condensed consolidated statement of earnings.
[2] | The other contingent consideration liabilities are recorded at fair value, with $93 million and $132 million classified as other current liabilities at June 30, 2024 and December 31, 2023, respectively. Fair value adjustments are recorded in selling, general and administrative expenses in the condensed consolidated statement of earnings. Payment is expected to be made in the third quarter of 2024, and the majority will be classified within cash flows provided by operating activities in the consolidated statement of cash flows.

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- Definition Amount of liability recognized arising from contingent consideration in a business combination. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 35 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479613/805-30-35-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-1 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 25 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479668/805-30-25-6 + Details
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