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REPORTABLE SEGMENTS (Tables) | 6 Months Ended
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Jun. 29, 2024
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | 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 |
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 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 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 + 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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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