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Reportable Segments (Tables) | 6 Months Ended
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Jun. 27, 2020
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | Reportable segment results were as follows:
| Quarter ended |  |  | Year-to-date period ended |
(millions) | June 27, 2020 | June 29, 2019 |  | June 27, 2020 | June 29, 2019
Net sales |  |  |  |  |
North America | $ | 2,167 |  | $ | 2,148 |  |  | $ | 4,264 |  | $ | 4,437 |
Europe | 546 |  | 541 |  |  | 1,072 |  | 1,038 |
Latin America | 223 |  | 239 |  |  | 450 |  | 464 |
AMEA | 529 |  | 533 |  |  | 1,091 |  | 1,044 |
Consolidated | $ | 3,465 |  | $ | 3,461 |  |  | $ | 6,877 |  | $ | 6,983 |
Operating profit |  |  |  |  |
North America | $ | 464 |  | $ | 322 |  |  | $ | 830 |  | $ | 702 |
Europe | 92 |  | 36 |  |  | 162 |  | 96 |
Latin America | 31 |  | 17 |  |  | 53 |  | 38 |
AMEA | 38 |  | 45 |  |  | 84 |  | 92 |
Total Reportable Segments | 625 |  | $ | 420 |  |  | $ | 1,129 |  | $ | 928 |
Corporate | (119) |  | (23) |  |  | (163) |  | (150) |
Consolidated | $ | 506 |  | $ | 397 |  |  | $ | 966 |  | $ | 778 |
Revenue from External Customers by Products and Services | Supplemental product information is provided below for net sales to external customers:
|  | Quarter ended |  |  | Year-to-date period ended |
(millions) |  | June 27, 2020 | June 29, 2019 |  | June 27, 2020 | June 29, 2019
Snacks* |  | $ | 1,522 |  | $ | 1,741 |  |  | $ | 3,076 |  | $ | 3,521 |
Cereal* |  | 1,444 |  | 1,256 |  |  | 2,769 |  | 2,531 |
Frozen |  | 284 |  | 256 |  |  | 578 |  | 527 |
Noodles and other |  | 215 |  | 208 |  |  | 454 |  | 404 |
Consolidated |  | $ | 3,465 |  | $ | 3,461 |  |  | $ | 6,877 |  | $ | 6,983 |
* The year-to-date snacks and cereal net sales reflect the correction of an error in the Company’s first quarter 2020 disclosure. First quarter net sales for snacks was understated $229 million and net sales for cereal was overstated $229 million within the disclosure included in our previously issued first quarter financial statements. The revisions, which did not impact consolidated net sales, are not considered material to the first or second quarter 2020 financial statements.

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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