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REPORTABLE SEGMENTS (Notes) | 6 Months Ended
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Jun. 29, 2024
Segment Reporting [Abstract] |
Reportable Segments | REPORTABLE SEGMENTS Kellanova is a leading producer of snacks, cereal, and frozen foods. It is the second largest producer of crackers, and a leading producer of savory snacks and cereal. 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. Corporate includes corporate administration and initiatives as well as share-based compensation. 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:
| Quarter ended |  | Year-to-date period ended
(millions) | June 29, 2024 | July 1, 2023 |  | June 29, 2024 | July 1, 2023
Net sales |  |  |  |  |
North America | $ | 1,658 |  | $ | 1,645 |  |  | $ | 3,346 |  | $ | 3,331 |
Europe | 639 |  | 668 |  |  | 1,238 |  | 1,272 |
Latin America | 333 |  | 326 |  |  | 647 |  | 609 |
AMEA | 564 |  | 712 |  |  | 1,164 |  | 1,482 |
Total Reportable Segments | 3,194 |  | 3,351 |  |  | 6,395 |  | 6,694 |
Corporate | (2) |  | — |  |  | (3) |  | (1) |
Consolidated | $ | 3,192 |  | $ | 3,351 |  |  | $ | 6,392 |  | $ | 6,693 |
Operating profit |  |  |  |  |
North America | $ | 339 |  | $ | 280 |  |  | $ | 674 |  | $ | 549 |
Europe | 111 |  | 104 |  |  | 139 |  | 196 |
Latin America | 46 |  | 36 |  |  | 73 |  | 58 |
AMEA | 60 |  | 67 |  |  | 135 |  | 141 |
Total Reportable Segments | 556 |  | 487 |  |  | 1,021 |  | 944 |
Corporate | (63) |  | (70) |  |  | (135) |  | (181) |
Consolidated | $ | 493 |  | $ | 417 |  |  | $ | 886 |  | $ | 763 |
Supplemental product information is provided below for net sales to external customers:
|  | Quarter ended |  | Year-to-date period ended
(millions) |  | June 29, 2024 | July 1, 2023 |  | June 29, 2024 | July 1, 2023
Snacks |  | $ | 2,069 |  | $ | 2,052 |  |  | $ | 4,084 |  | $ | 4,074 |
Cereal |  | 689 |  | 707 |  |  | 1,376 |  | 1,386 |
Frozen |  | 262 |  | 265 |  |  | 552 |  | 557 |
Noodles and other |  | 172 |  | 327 |  |  | 380 |  | 676 |
Consolidated |  | $ | 3,192 |  | $ | 3,351 |  |  | $ | 6,392 |  | $ | 6,693 |

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- Definition The entire disclosure for reporting segments including data and tables. 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