Reportable Segments (Tables)

6 Months Ended

Jul. 04, 2015

Schedule of Reportable Segment Information



	Quarter ended						Year-to-date period ended
(millions)	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Net sales
U.S. Morning Foods	$	742		$	759		$	1,518		$	1,558
U.S. Snacks	835			851			1,689			1,715
U.S. Specialty	270			276			631			648
North America Other	439			464			872			946
Europe	650			767			1,257			1,472
Latin America	328			320			623			598
Asia Pacific	234			248			464			490
Consolidated	$	3,498		$	3,685		$	7,054		$	7,427
Operating profit
U.S. Morning Foods	$	131		$	137		$	258		$	263
U.S. Snacks (a)	160			124			240			210
U.S. Specialty	59			63			137			150
North America Other	37			74			96			157
Europe	57			50			118			115
Latin America (b)	(56		)	47			(5		)	95
Asia Pacific	10			5			22			21
Total Reportable Segments	398			500			866			1,011
Corporate (c)	14			(33		)	(70		)	70
Consolidated	$	412		$	467		$	796		$	1,081


(a)	Includes a non-cash gain of $67 million associated with the deconsolidation of a VIE during the quarter and year-to-date periods ended July 4, 2015.


(b)	Includes a non-cash loss of $103 million associated with the remeasurement of the financial statements of the Company's Venezuela subsidiary during the quarter and year-to-date periods ended July 4, 2015.

(c)

Includes mark-to-market adjustments for pension plans, commodity and foreign currency contracts totaling $35 million and ($12) million for the quarters ended July 4, 2015 and June 28, 2014, respectively. Includes mark-to-market adjustments for pension plans, commodity and foreign currency contracts totaling ($32) million and $104 million for the year-to-date periods ended July 4, 2015 and June 28, 2014, respectively.