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Reportable Segments

3 Months Ended

Apr. 02, 2022

Reportable segments

Kellogg Company is a leading producer of snacks, cereal, and frozen foods. It is the second largest producer of crackers, and a leading producer of savory snacks, and the world's leading producer of cereal. Additional product offerings include toaster pastries, cereal bars, veggie foods and noodles. Kellogg products are manufactured and marketed globally. Principal markets for these products include the United States, United Kingdom, Nigeria, Canada, Mexico, and Australia.

The Company manages its operations through four operating segments that are based on geographic location – North America which includes U.S. businesses and Canada; Europe which consists of European countries; Latin America which consists of Central and South America and includes Mexico; and AMEA (Asia Middle East Africa) which consists of Africa, Middle East, Australia and other Asian and Pacific markets. These operating segments also represent our reportable segments.

Corporate includes corporate administration and initiatives as well as share-based compensation.

The measurement of reportable segment results is based on segment operating profit which is generally consistent with the presentation of operating profit in the Consolidated Statement of Income. Reportable segment results were as follows:


	Quarter ended
(millions)	April 2, 2022		April 3, 2021
Net sales
North America	$	2,110	$	2,130
Europe	589		578
Latin America	256		236
AMEA	718		640
Total Reportable Segments	3,673		$	3,584
Corporate	(1)		$	—
Consolidated	$	3,672	$	3,584
Operating profit
North America	$	339	$	379
Europe	98		80
Latin America	14		27
AMEA	66		63
Total Reportable Segments	517		549
Corporate	—		(77)
Consolidated	$	517	$	472

Supplemental product information is provided below for net sales to external customers:


	Quarter ended
(millions)	April 2, 2022		April 3, 2021
Snacks	$	1,775	$	1,647
Cereal	1,281		1,374
Frozen	291		297
Noodles and other	325		266
Consolidated	$	3,672	$	3,584

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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+ Details