Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Net Revenues and Earnings

Our segment net revenues and earnings were:

	For the Three Months Ended March 31,
	2020			2019
	(in millions)
Net revenues:
Latin America	$	726		$	800
AMEA	1,502			1,541
Europe	2,584			2,551
North America	1,895			1,646
Net revenues	$	6,707		$	6,538
Earnings before income taxes:
Operating income:
Latin America	$	78		$	98
AMEA	234			256
Europe	472			500
North America	381			319
Unrealized (losses)/gains on hedging activities (mark-to-market impacts)	(185		)	16
General corporate expenses	(76		)	(109		)
Amortization of intangibles	(43		)	(44		)
Acquisition-related costs	(5		)	—
Operating income	856			1,036
Benefit plan non-service income	33			17
Interest and other expense, net	(190		)	(80		)
Earnings before income taxes	$	699		$	973

Schedule of Net Revenues by Product Category

Net revenues by product category were:

	For the Three Months Ended March 31, 2020
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	174	$	508	$	746	$	1,598	$	3,026
Chocolate	194		543		1,363		56		2,156
Gum & Candy	182		185		173		241		781
Beverages	102		171		25		—		298
Cheese & Grocery	74		95		277		—		446
Total net revenues	$	726	$	1,502	$	2,584	$	1,895	$	6,707
	For the Three Months Ended March 31, 2019
	Latin America		AMEA		Europe		North America		Total
	(in millions)
Biscuits	$	170	$	461	$	734	$	1,372	$	2,737
Chocolate	230		557		1,360		59		2,206
Gum & Candy	200		225		173		215		813
Beverages	123		172		26		—		321
Cheese & Grocery	77		126		258		—		461
Total net revenues	$	800	$	1,541	$	2,551	$	1,646	$	6,538