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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Net Revenues by Segment

Our segment net revenue, significant segment expenses and operating income, by reportable segment were as follows:

			For The Year Ended December 31, 2024
			(in millions)
			Latin America						AMEA						Europe						North America						Total
Net revenues			$	4,926					$	7,296					$	13,309					$	10,910					$	36,441
Segment cost of sales			(3,230)						(4,382)						(8,631)						(6,491)						(22,734)
Segment selling, general and administrative expenses (1)			(1,164)						(1,722)						(2,610)						(1,927)						(7,423)
Segment operating income			$	532					$	1,192					$	2,068					$	2,492					6,284
Unrealized gains on hedging activities (mark-to-market impacts)																											543
General corporate expenses																											(330)
Amortization of intangible assets																											(153)
Net gain on divestitures and acquisitions																											4
Acquisition-related costs																											(3)
Operating income																											$	6,345

			For The Year Ended December 31, 2023
			(in millions)
			Latin America						AMEA						Europe						North America						Total
Net revenues			$	5,006					$	7,075					$	12,857					$	11,078					$	36,016
Segment cost of sales			(3,284)						(4,320)						(8,359)						(6,474)						(22,437)
Segment selling, general and administrative expenses (1)			(1,193)						(1,642)						(2,520)						(2,512)						(7,867)
Segment operating income			$	529					$	1,113					$	1,978					$	2,092					5,712
Unrealized gains on hedging activities (mark-to-market impacts)																											189
General corporate expenses																											(356)
Amortization of intangible assets																											(151)
Net gain on divestitures and acquisitions																											108
Operating income																											$	5,502

			For The Year Ended December 31, 2022
			(in millions)
			Latin America						AMEA						Europe						North America						Total
Net revenues			$	3,629					$	6,767					$	11,420					$	9,680					$	31,496
Segment cost of sales			(2,443)						(4,180)						(7,318)						(5,888)						(19,829)
Segment selling, general and administrative expenses (1)			(798)						(1,658)						(2,621)						(2,023)						(7,100)
Segment operating income			$	388					$	929					$	1,481					$	1,769					4,567
Unrealized losses on hedging activities (mark-to-market impacts)																											(326)
General corporate expenses																											(245)
Amortization of intangible assets																											(132)
Acquisition-related costs																											(330)
Operating income																											$	3,534

(1) SG&A for all reportable segments includes: Advertising & consumer expenses and overhead expenses.

Schedule of Total Assets, Depreciation Expense and Capital Expenditure by Segment

Total depreciation expense and capital expenditures by segment, reflecting our current segment structure for all periods presented, were:

			For the Years Ended December 31,
			2024						2023						2022
			(in millions)
Depreciation expense (2):
Latin America			$	151					$	152					$	111
AMEA			162						155						160
Europe			275						241						242
North America			177						152						140
Corporate			45						41						37
Total depreciation expense			$	810					$	741					$	690

(2)Includes depreciation expense related to owned property, plant and equipment. Does not include amortization of intangible assets or leased assets. Refer to the consolidated statement of cash flows for total depreciation and amortization expenses.

			For the Years Ended December 31,
			2024						2023						2022
			(in millions)
Capital expenditures:
Latin America			$	199					$	164					$	106
AMEA			309						249						216
Europe			550						399						335
North America			291						257						197
Corporate			38						43						52
Total capital expenditures			$	1,387					$	1,112					$	906

Schedule of Net Revenues by Geographic Area

Geographic data for net revenues (recognized in the countries where products are sold from) and long-lived assets, excluding deferred taxes, goodwill, intangible assets and equity method investments, were:

			For the Years Ended December 31,
			2024						2023						2022
			(in millions)
Net revenues:
United States			$	9,469					$	9,581					$	8,315
Other			26,972						26,435						23,181
Total net revenues			$	36,441					$	36,016					$	31,496

Schedule of Long-lived Assets by Geographic Area

			As of December 31,
			2024						2023						2022
			(in millions)
Long-lived assets:
United States			$	2,346					$	2,226					$	2,740
Mexico			1,076						1,331						1,170
Other			9,000						8,749						8,648
Total long-lived assets			$	12,422					$	12,306					$	12,558

Schedule of Net Revenues by Product Category

Net revenues by product category, reflecting our current segment structure for all periods presented, were:

			For the Year Ended December 31, 2024
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	1,199					$	2,573					$	4,425					$	9,605					$	17,802
Chocolate			1,276						2,831						6,773						368						11,248
Gum & Candy			1,512						947						644						937						4,040
Beverages			454						525						117						—						1,096
Cheese & Grocery			485						420						1,350						—						2,255
Total net revenues			$	4,926					$	7,296					$	13,309					$	10,910					$	36,441

			For the Year Ended December 31, 2023
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	1,193					$	2,488					$	4,429					$	9,519					$	17,629
Chocolate			1,357						2,690						6,225						347						10,619
Gum & Candy			1,509						893						812						1,212						4,426
Beverages			457						593						135						—						1,185
Cheese & Grocery			490						411						1,256						—						2,157
Total net revenues			$	5,006					$	7,075					$	12,857					$	11,078					$	36,016

			For the Year Ended December 31, 2022
			Latin America						AMEA						Europe						North America						Total
			(in millions)
Biscuits & Baked Snacks			$	1,013					$	2,515					$	3,818					$	8,262					$	15,608
Chocolate			1,003						2,520						5,646						317						9,486
Gum & Candy			840						780						691						1,101						3,412
Beverages			409						572						119						—						1,100
Cheese & Grocery			364						380						1,146						—						1,890
Total net revenues			$	3,629					$	6,767					$	11,420					$	9,680					$	31,496

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

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- 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.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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