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REPORTABLE SEGMENTS | 12 Months Ended
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Dec. 30, 2023
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | REPORTABLE SEGMENTS Kellanova is the world’s second largest producer of crackers and a leading producer of cereal, savory snacks, and frozen foods. Additional product offerings include toaster pastries, cereal bars, veggie foods, and noodles. Kellanova products are manufactured and marketed globally. Principal markets for these products include the United States, United Kingdom, Nigeria, Canada, Mexico and Australia. The Company manages its operations through four operating segments that are based on geographic location - North America which includes U.S. businesses and Canada; Europe which consists of European countries; Latin America which consists of Central and South America and includes Mexico; and AMEA (Asia Middle East Africa) which consists of Africa, Middle East, Australia and other Asian and Pacific markets. These operating segments also represent our reportable segments. The measurement of reportable segment results is based on segment operating profit which is generally consistent with the presentation of operating profit in the Consolidated Statement of Income. Reportable segment results were as follows:
(millions) |  | 2023 |  | 2022 |  | 2021
Net sales from continuing operations |  |  |  |  |  |
North America |  | $ | 6,574 |  |  | $ | 6,330 |  |  | $ | 5,775 |
Europe |  | 2,501 |  |  | 2,310 |  |  | 2,397 |
Latin America |  | 1,265 |  |  | 1,089 |  |  | 962 |
AMEA |  | 2,785 |  |  | 2,933 |  |  | 2,613 |
Total Reportable Segments |  | 13,125 |  |  | 12,662 |  |  | 11,747 |
Corporate |  | (3) |  |  | (9) |  |  | — |
Consolidated |  | $ | 13,122 |  |  | $ | 12,653 |  |  | $ | 11,747 |
Operating profit |  |  |  |  |  |
North America |  | $ | 1,024 |  |  | $ | 907 |  |  | $ | 932 |
Europe |  | 357 |  |  | 329 |  |  | 350 |
Latin America |  | 130 |  |  | 116 |  |  | 100 |
AMEA |  | 270 |  |  | 252 |  |  | 246 |
Total Reportable Segments |  | 1,781 |  |  | 1,604 |  |  | 1,628 |
Corporate |  | (276) |  |  | (393) |  |  | (245) |
Consolidated |  | $ | 1,505 |  |  | $ | 1,211 |  |  | $ | 1,383 |
Depreciation and amortization |  |  |  |  |  |
North America |  | $ | 180 |  |  | $ | 187 |  |  | $ | 191 |
Europe |  | 80 |  |  | 81 |  |  | 92 |
Latin America |  | 35 |  |  | 34 |  |  | 25 |
AMEA |  | 65 |  |  | 94 |  |  | 84 |
Total Reportable Segments |  | 360 |  |  | 396 |  |  | 392 |
Corporate |  | 6 |  |  | 8 |  |  | 3 |
Consolidated |  | $ | 366 |  |  | $ | 404 |  |  | $ | 395 |
Certain items such as interest expense and income taxes, while not included in the measure of reportable segment operating results, are regularly reviewed by the chief operating decision maker (CODM) for the Company’s internationally-based reportable segments as shown below.
(millions) |  | 2023 |  | 2022 |  | 2021
Interest expense |  |  |  |  |  |
North America |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |
Europe |  | 68 |  |  | 20 |  |  | 4 |
Latin America |  | 4 |  |  | 2 |  |  | 1 |
AMEA |  | 23 |  |  | 22 |  |  | 17 |
Corporate |  | 207 |  |  | 156 |  |  | 183 |
Consolidated |  | $ | 303 |  |  | $ | 201 |  |  | $ | 205 |
Income taxes |  |  |  |  |  |
Europe |  | $ | 42 |  |  | $ | 38 |  |  | $ | 48 |
Latin America |  | 34 |  |  | 24 |  |  | 51 |
AMEA |  | 45 |  |  | 42 |  |  | 40 |
Corporate & North America |  | 137 |  |  | 76 |  |  | 214 |
Consolidated |  | $ | 258 |  |  | $ | 180 |  |  | $ | 353 |
Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by operating segment. The CODM does review additions to property based on operating segment.
(millions) |  | 2023 |  | 2022 |  | 2021
Additions to property |  |  |  |  |  |
North America |  | $ | 249 |  |  | $ | 168 |  |  | $ | 237 |
Europe |  | 122 |  |  | 107 |  |  | 102 |
Latin America |  | 75 |  |  | 45 |  |  | 39 |
AMEA |  | 102 |  |  | 69 |  |  | 73 |
Corporate |  | 21 |  |  | 12 |  |  | 12 |
Consolidated |  | $ | 569 |  |  | $ | 401 |  |  | $ | 463 |
The Company’s largest customer, Wal-Mart Stores, Inc. and its affiliates, accounted for approximately 15% of consolidated net sales during 2023, and 16% and 17% of consolidated net sales from continuing operations during 2022 and 2021, respectively, comprised principally of sales within the United States. Supplemental geographic information is provided below for net sales to external customers and long-lived assets (property and right-of-use lease assets):
(millions) |  | 2023 |  | 2022 |  | 2021
Net sales from continuing operations |  |  |  |  |  |
United States |  | $ | 6,279 |  |  | $ | 6,061 |  |  | $ | 5,512 |
Nigeria |  | 1,113 |  |  | 1,322 |  |  | 1,039 |
Poland |  | 41 |  |  | 23 |  |  | 15 |
All other countries |  | 5,689 |  |  | 5,247 |  |  | 5,181 |
Consolidated |  | $ | 13,122 |  |  | $ | 12,653 |  |  | $ | 11,747 |
Long-lived assets from continuing operations |  |  |  |  |  |
United States |  | $ | 1,847 |  |  | $ | 1,872 |  |  | $ | 1,867 |
Nigeria |  | 84 |  |  | 153 |  |  | 167 |
Poland |  | 390 |  |  | 320 |  |  | 316 |
All other countries |  | 1,552 |  |  | 1,355 |  |  | 1,447 |
Consolidated |  | $ | 3,873 |  |  | $ | 3,700 |  |  | $ | 3,797 |
Supplemental product information is provided below for net sales from continuing operations to external customers:
(millions) |  | 2023 |  | 2022 |  | 2021
Snacks |  | $ | 8,105 |  |  | $ | 7,563 |  |  | $ | 6,807 |
Cereal |  | 2,736 |  |  | 2,618 |  |  | 2,689 |
Frozen |  | 1,095 |  |  | 1,097 |  |  | 1,106 |
Noodles and other |  | 1,186 |  |  | 1,375 |  |  | 1,145 |
Consolidated |  | $ | 13,122 |  |  | $ | 12,653 |  |  | $ | 11,747 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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