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REPORTABLE SEGMENTS (Tables)
3 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
Reportable segment results including details of the significant expense categories provided to the CODM for the quarters ended March 29, 2025 and March 30, 2024 were as follows:
Quarter ended March 29, 2025
Reportable segments
(millions)North AmericaEuropeLatin AmericaAMEACorporateConsolidated
Net sales$1,619 $579 $266 $620 $(1)$3,083 
Cost of goods sold1,006 380 185 452 1 2,024 
Selling, general, and administrative expense308 109 62 94 56 629 
Operating profit$305 $90 $19 $74 $(58)$430 

Quarter ended March 30, 2024
Reportable segments
(millions)North AmericaEuropeLatin AmericaAMEACorporateConsolidated
Net sales$1,688 $599 $314 $600 $(1)$3,200 
Cost of goods sold1,055 460 217 427 10 2,169 
Selling, general, and administrative expense298 111 70 98 61 638 
Operating profit$335 $28 $27 $75 $(72)$393 
Schedule of Reportable Segment Information
 Quarter ended
(millions)March 29,
2025
March 30,
2024
Depreciation and amortization
North America (a)$41 $63 
Europe (a)22 60 
Latin America13 
AMEA14 13 
Total Reportable Segments90 144 
Corporate2 
Consolidated$92 $146 
Interest expense
North America$ $
Europe9 17 
Latin America1 
AMEA5 
Corporate48 57 
Consolidated$63 $83 
Income taxes
Europe$11 $
Latin America5 
AMEA13 14 
Corporate & North America44 57 
Consolidated$73 $82 
(a) Quarter ended March 30, 2024, includes asset impairment charges as discussed in Note 10.
Schedule Of Total Assets And Additions To Long Lived Assets By Segment
Quarter ended
(millions)March 29, 2025March 30, 2024
Additions to property
North America$51 $68 
Europe51 41 
Latin America33 24 
AMEA36 19 
Corporate5 
Consolidated$176 $155 
Revenue from External Customers by Products and Services
Supplemental product information is provided below for net sales to external customers:
Quarter ended
(millions)March 29,
2025
March 30,
2024
Snacks$1,897 $2,015 
Cereal645 687 
Frozen290 290 
Noodles and other251 208 
Consolidated$3,083 $3,200