XML 61 R40.htm IDEA: XBRL DOCUMENT v3.24.2

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our reconciliation of segment net revenues and earnings to consolidated financial statement totals were:

			For the Three Months Ended June 30,												For the Six Months Ended June 30,
			2024						2023						2024						2023
			(in millions)
Net revenues:
Latin America			$	1,232					$	1,228					$	2,551					$	2,439
AMEA			1,587						1,609						3,537						3,548
Europe			2,874						2,926						6,242						6,233
North America			2,650						2,744						5,303						5,453
Net revenues			$	8,343					$	8,507					$	17,633					$	17,673
Earnings before income taxes:
Segment operating income:
Latin America			$	144					$	134					$	301					$	273
AMEA			290						207						701						567
Europe			550						449						1,141						956
North America			545						580						1,094						1,146
Unrealized (losses)/gains on hedging activities (mark-to-market impacts)			(571)						171						553						220
General corporate expenses			(67)						(79)						(134)						(156)
Amortization of intangible assets			(37)						(37)						(75)						(76)
Operating income			854						1,425						3,581						2,930
Benefit plan non-service income			28						22						51						41
Interest and other expense, net			(32)						(97)						(100)						(192)
(Loss)/gain on marketable securities			—						(189)						—						607
Earnings before income taxes			$	850					$	1,161					$	3,532					$	3,386

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended June 30, 2024
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	310					$	560					$	1,093					$	2,394					$	4,357
Chocolate			304						579						1,293						57						2,233
Gum & Candy			381						237						140						199						957
Beverages			114						124						28						—						266
Cheese & Grocery			123						87						320						—						530
Total net revenues			$	1,232					$	1,587					$	2,874					$	2,650					$	8,343
			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 Six Months Ended June 30, 2024
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	596					$	1,204					$	2,123					$	4,733					$	8,656
Chocolate			686						1,350						3,063						148						5,247
Gum & Candy			774						471						346						422						2,013
Beverages			244						313						62						—						619
Cheese & Grocery			251						199						648						—						1,098
Total net revenues			$	2,551					$	3,537					$	6,242					$	5,303					$	17,633
			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

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