SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Net Sales and Earnings by Segment

Our segment net sales and earnings were as follows:


For the years ended December 31,	2020		2019		2018
Net sales:
North America	$	7,416,697	$	7,081,764	$	6,901,607
International and Other	733,022		904,488		889,462
Total	$	8,149,719	$	7,986,252	$	7,791,069

Segment income:
North America	$	2,321,823	$	2,125,861	$	2,020,082
International and Other	28,592		95,702		73,762
Total segment income	2,350,415		2,221,563		2,093,844
Unallocated corporate expense (1)	520,632		532,539		528,887
Unallocated mark-to-market losses (gains) on commodity derivatives	6,429		(28,651)		(168,263)
Long-lived and intangible asset impairment charges (see Note 6)	9,143		112,485		57,729
Costs associated with business realignment activities (see Note 9)	31,513		9,238		51,827


Operating profit	1,782,698		1,595,952		1,623,664
Interest expense, net (see Note 4)	149,374		144,125		138,837
Other (income) expense, net (see Note 17)	138,327		71,043		74,766
Income before income taxes	$	1,494,997	$	1,380,784	$	1,410,061

(1)Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, (d) acquisition-related costs, and (e) other gains or losses that are not integral to segment performance.

Schedule of Unallocated Mark-to-Market Losses (Gains) on Commodity Derivatives

Activity within the unallocated mark-to-market losses (gains) on commodity derivatives is as follows:


For the years ended December 31,	2020		2019		2018
Net gains on mark-to-market valuation of commodity derivative positions recognized in income	$	(6,593)	$	(35,488)	$	(69,379)
Net gains (losses) on commodity derivative positions reclassified from unallocated to segment income	13,022		6,837		(98,884)
Net losses (gains) on mark-to-market valuation of commodity derivative positions recognized in unallocated derivative losses (gains)	$	6,429	$	(28,651)	$	(168,263)

Schedule of Depreciation and Amortization Expense Included within Segment Income

Depreciation and amortization expense included within segment income presented above is as follows:


For the years ended December 31,	2020		2019		2018
North America	$	222,153	$	220,513	$	205,340
International and Other	28,693		29,289		35,656
Corporate (1)	44,061		41,742		54,148
Total	$	294,907	$	291,544	$	295,144

(1)Corporate includes non-cash asset-related accelerated depreciation and amortization related to business realignment activities, as discussed in Note 9. Such amounts are not included within our measure of segment income.

Schedule of Segment Information by Geography

Additional information regarding our net sales and long-lived assets disaggregated by geographical region is as follows:


For the years ended December 31,	2020		2019		2018
Net sales:
United States	$	7,042,804	$	6,722,617	$	6,535,675
Other	1,106,915		1,263,635		1,255,394
Total	$	8,149,719	$	7,986,252	$	7,791,069

Long-lived assets:
United States	$	1,836,114	$	1,717,606	$	1,668,186
Other	449,141		435,533		462,108
Total	$	2,285,255	$	2,153,139	$	2,130,294

Schedule of Revenue from External Customers by Products and Services


For the year ended December 31,	2020		2019		2018
Net sales:
Confectionery and confectionery-based portfolio	$	7,628,926	$	7,553,954	$	7,453,364
Snacks portfolio	520,793		432,298		337,705
Total	$	8,149,719	$	7,986,252	$	7,791,069