XML 51 R52.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment Reporting (Tables)
 12 Months Ended
Dec. 28, 2019
Segment Reporting [Abstract]  
Net Sales by Segment
Net sales by segment were (in millions):
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
Net sales:
 
 
 
 
 
United States
$
17,756

 
$
18,122

 
$
18,230

Canada
1,882

 
2,173

 
2,177

EMEA
2,551

 
2,718

 
2,585

Rest of World
2,788

 
3,255

 
3,084

Total net sales
$
24,977

 
$
26,268

 
$
26,076
Segment Adjusted EBITDA
Segment Adjusted EBITDA was (in millions):
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
Segment Adjusted EBITDA:
 
 
 
 
 
United States
$
4,809

 
$
5,218

 
$
5,873

Canada
487

 
608

 
636

EMEA
661

 
724

 
673

Rest of World
363

 
635

 
590

General corporate expenses
(256
)
 
(161
)
 
(108
)
Depreciation and amortization (excluding integration and restructuring expenses)
(985
)
 
(919
)
 
(907
)
Integration and restructuring expenses
(102
)
 
(297
)
 
(583
)
Deal costs
(19
)
 
(23
)
 
—

Unrealized gains/(losses) on commodity hedges
57

 
(21
)
 
(19
)
Impairment losses
(1,899
)
 
(15,936
)
 
(49
)
Equity award compensation expense (excluding integration and restructuring expenses)
(46
)
 
(33
)
 
(49
)
Operating income
3,070

 
(10,205
)
 
6,057

Interest expense
1,361

 
1,284

 
1,234

Other expense/(income)
(952
)
 
(168
)
 
(627
)
Income/(loss) before income taxes
$
2,661

 
$
(11,321
)
 
$
5,450
Depreciation and Amortization Expense by Segment
Total depreciation and amortization expense by segment was (in millions):
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
Depreciation and amortization expense:
 
 
 
 
 
United States
$
609

 
$
626

 
$
658

Canada
35

 
39

 
48

EMEA
107

 
102

 
99

Rest of World
124

 
119

 
98

General corporate expenses
119

 
97

 
128

Total depreciation and amortization expense
$
994

 
$
983

 
$
1,031
Capital Expenditures by Segment
Total capital expenditures by segment were (in millions):
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
Capital expenditures:
 
 
 
 
 
United States
$
393

 
$
388

 
$
764

Canada
27

 
21

 
42

EMEA
134

 
124

 
127

Rest of World
149

 
236

 
184

General corporate expenses
65

 
57

 
77

Total capital expenditures
$
768

 
$
826

 
$
1,194
Net Sales by Product Category
Net sales by product category were (in millions):
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
Condiments and sauces
$
6,406

 
$
6,752

 
$
6,429

Cheese and dairy
4,890

 
5,287

 
5,409

Ambient foods
2,475

 
2,576

 
2,564

Meats and seafood
2,406

 
2,505

 
2,567

Frozen and chilled foods
2,371

 
2,548

 
2,578

Refreshment beverages
1,504

 
1,507

 
1,506

Coffee
1,271

 
1,438

 
1,422

Infant and nutrition
512

 
756

 
755

Desserts, toppings and baking
1,032

 
1,038

 
1,033

Nuts and salted snacks
966

 
967

 
970

Other
1,144

 
894

 
843

Total net sales
$
24,977

 
$
26,268

 
$
26,076
Net Sales by Geography
We had significant sales in the United States, Canada, and the United Kingdom. Our net sales by geography were (in millions):
 
December 28, 2019
 
December 29, 2018
 
December 30, 2017
Net sales:
 
 
 
 
 
United States
$
17,844

 
$
18,218

 
$
18,324

Canada
1,882

 
2,173

 
2,177

United Kingdom
1,007

 
1,071

 
1,018

Other
4,244

 
4,806

 
4,557

Total net sales
$
24,977

 
$
26,268

 
$
26,076
Long-lived Assets by Geography Our long-lived assets by geography were (in millions):
 
December 28, 2019
 
December 29, 2018
Long-lived assets:
 
 
 
United States
$
5,004

 
$
5,103

Other
2,051

 
1,975

Total long-lived assets
$
7,055

 
$
7,078