XML 29 R19.htm IDEA: XBRL DOCUMENT v3.23.3
Reportable Segments
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Reportable Segments Reportable segments
Kellanova 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 cereal. Additional product offerings include toaster pastries, cereal bars, veggie foods and noodles. Kellanova 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 endedYear-to-date period ended
(millions)September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
Net sales
North America$2,329 $2,338 $7,042 $6,696 
Europe616 562 1,888 1,749 
Latin America338 282 966 826 
AMEA657 767 2,139 2,217 
Total Reportable Segments3,940 3,949 12,035 11,488 
Corporate(1)(3)(2)(6)
Consolidated$3,939 $3,946 $12,033 $11,482 
Operating profit
North America$312 $322 $1,048 $1,043 
Europe97 75 293 280 
Latin America42 29 105 82 
AMEA63 64 204 192 
Total Reportable Segments514 490 1,650 1,597 
Corporate(32)(122)(219)(297)
Consolidated$482 $368 $1,431 $1,300 
Supplemental product information is provided below for net sales to external customers:
Quarter endedYear-to-date period ended
(millions)September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
Snacks$2,040 $1,943 $6,114 $5,635 
Cereal1,368 1,355 4,155 3,978 
Frozen281 281 838 829 
Noodles and other250 367 926 1,040 
Consolidated$3,939 $3,946 $12,033 $11,482