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REPORTABLE SEGMENTS
12 Months Ended
Dec. 30, 2023
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
REPORTABLE SEGMENTS
Kellanova is the world’s second largest producer of crackers and a leading producer of cereal, savory snacks, and frozen foods. 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.
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:
(millions)202320222021
Net sales from continuing operations
North America$6,574 $6,330 $5,775 
Europe2,501 2,310 2,397 
Latin America1,265 1,089 962 
AMEA2,785 2,933 2,613 
Total Reportable Segments13,125 12,662 11,747 
Corporate(3)(9)— 
Consolidated$13,122 $12,653 $11,747 
Operating profit
North America$1,024 $907 $932 
Europe357 329 350 
Latin America130 116 100 
AMEA270 252 246 
Total Reportable Segments1,781 1,604 1,628 
Corporate(276)(393)(245)
Consolidated$1,505 $1,211 $1,383 
Depreciation and amortization
North America$180 $187 $191 
Europe80 81 92 
Latin America35 34 25 
AMEA65 94 84 
Total Reportable Segments360 396 392 
Corporate6 
Consolidated$366 $404 $395 

Certain items such as interest expense and income taxes, while not included in the measure of reportable segment operating results, are regularly reviewed by the chief operating decision maker (CODM) for the Company’s internationally-based reportable segments as shown below.
(millions)202320222021
Interest expense
North America$1 $1 $— 
Europe68 20 
Latin America4 2 
AMEA23 22 17 
Corporate207 156 183 
Consolidated$303 $201 $205 
Income taxes
Europe$42 $38 $48 
Latin America34 24 51 
AMEA45 42 40 
Corporate & North America137 76 214 
Consolidated$258 $180 $353 

Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by operating segment. The CODM does review additions to property based on operating segment.
(millions)202320222021
Additions to property
North America$249 $168 $237 
Europe122 107 102 
Latin America75 45 39 
AMEA102 69 73 
Corporate21 12 12 
Consolidated$569 $401 $463 
The Company’s largest customer, Wal-Mart Stores, Inc. and its affiliates, accounted for approximately 15% of consolidated net sales during 2023, and 16% and 17% of consolidated net sales from continuing operations during 2022 and 2021, respectively, comprised principally of sales within the United States.
Supplemental geographic information is provided below for net sales to external customers and long-lived assets (property and right-of-use lease assets):
(millions)202320222021
Net sales from continuing operations
United States$6,279 $6,061 $5,512 
Nigeria1,113 1,322 1,039 
Poland41 23 15 
All other countries5,689 5,247 5,181 
Consolidated$13,122 $12,653 $11,747 
Long-lived assets from continuing operations
United States$1,847 $1,872 $1,867 
Nigeria84 153 167 
Poland390 320 316 
All other countries1,552 1,355 1,447 
Consolidated$3,873 $3,700 $3,797 
Supplemental product information is provided below for net sales from continuing operations to external customers:
(millions)202320222021
Snacks$8,105 $7,563 $6,807 
Cereal2,736 2,618 2,689 
Frozen1,095 1,097 1,106 
Noodles and other1,186 1,375 1,145 
Consolidated$13,122 $12,653 $11,747