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Financial Instruments - Fair Value of Contingent Consideration Liability (Details) - USD ($) $ in Millions | Sep. 30, 2024 | Dec. 31, 2023
--- | --- | ---
Derivative [Line Items] |  |  |
Total contingent consideration |  | $ 218 | $ 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 |  | 218 | 680
Clif Bar |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [1] | 218 | 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] | $ 218 | 548
Other |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [2] |  | 132
Contingent consideration, current liabilities |  |  | 132
Other | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [2] |  | 0
Other | Significant Other Observable Inputs (Level 2) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [2] |  | 0
Other | Significant Unobservable Inputs (Level 3) |  |  |
Derivative [Line Items] |  |  |
Total contingent consideration | [2] |  | $ 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 contingent consideration liabilities are recorded at fair value within long-term liabilities. The estimated fair value of the contingent consideration obligation is determined using a Monte Carlo simulation. 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. During the three months ended September 30, 2024, the expected forecast for 2025 and 2026 has been updated to reflect recent trends in business performance and market outlook which resulted in a reduction in the fair value of the contingent consideration.
[2] | The other contingent consideration liabilities were recorded at fair value, with $132 million classified as other current liabilities at December 31, 2023. Fair value adjustments were recorded in selling, general and administrative expenses in the condensed consolidated statement of earnings through the second quarter of 2024. Payments on outstanding amounts as of December 31, 2023 were made in the second and third quarter of 2024, and the majority was 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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