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Segment Reporting (Tables)

9 Months Ended

Sep. 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 September 30,												For the Nine Months Ended September 30,
			2024						2023						2024						2023
			(in millions)
Net revenues:
Latin America			$	1,204					$	1,305					$	3,755					$	3,744
AMEA			1,851						1,791						5,388						5,339
Europe			3,323						3,086						9,565						9,319
North America			2,826						2,847						8,129						8,300
Net revenues			$	9,204					$	9,029					$	26,837					$	26,702
Earnings before income taxes:
Segment operating income:
Latin America			$	125					$	156					$	426					$	429
AMEA			335						302						1,036						869
Europe			605						494						1,746						1,450
North America			918						532						2,012						1,678
Unrealized (losses)/gains on hedging activities (mark-to-market impacts)			(710)						19						(157)						239
General corporate expenses			(78)						(86)						(212)						(242)
Amortization of intangible assets			(40)						(38)						(115)						(114)
Acquisition-related costs			(2)						—						(2)						—
Operating income			1,153						1,379						4,734						4,309
Benefit plan non-service income			25						19						76						60
Interest and other expense, net			(46)						(66)						(146)						(258)
(Loss)/gain on marketable securities			—						(1)						—						606
Earnings before income taxes			$	1,132					$	1,331					$	4,664					$	4,717

Schedule of Net Revenues by Product Category

Net revenues by product category were:

			For the Three Months Ended September 30, 2024
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	312					$	661					$	1,162					$	2,470					$	4,605
Chocolate			299						752						1,640						92						2,783
Gum & Candy			374						240						145						264						1,023
Beverages			104						105						28						—						237
Cheese & Grocery			115						93						348						—						556
Total net revenues			$	1,204					$	1,851					$	3,323					$	2,826					$	9,204
			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 Nine Months Ended September 30, 2024
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits			$	908					$	1,865					$	3,285					$	7,203					$	13,261
Chocolate			985						2,102						4,703						240						8,030
Gum & Candy			1,148						711						491						686						3,036
Beverages			348						418						90						—						856
Cheese & Grocery			366						292						996						—						1,654
Total net revenues			$	3,755					$	5,388					$	9,565					$	8,129					$	26,837
			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

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

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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
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

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