REPORTABLE SEGMENTS (Tables)

6 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Schedule of Reportable Segment Information

Reportable segment results were as follows:

	Quarter ended				Year-to-date period ended
(millions)	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Net sales
North America	$	1,658	$	1,645	$	3,346	$	3,331
Europe	639		668		1,238		1,272
Latin America	333		326		647		609
AMEA	564		712		1,164		1,482
Total Reportable Segments	3,194		3,351		6,395		6,694
Corporate	(2)		—		(3)		(1)
Consolidated	$	3,192	$	3,351	$	6,392	$	6,693
Operating profit
North America	$	339	$	280	$	674	$	549
Europe	111		104		139		196
Latin America	46		36		73		58
AMEA	60		67		135		141
Total Reportable Segments	556		487		1,021		944
Corporate	(63)		(70)		(135)		(181)
Consolidated	$	493	$	417	$	886	$	763

Revenue from External Customers by Products and Services

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

	Quarter ended				Year-to-date period ended
(millions)	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Snacks	$	2,069	$	2,052	$	4,084	$	4,074
Cereal	689		707		1,376		1,386
Frozen	262		265		552		557
Noodles and other	172		327		380		676
Consolidated	$	3,192	$	3,351	$	6,392	$	6,693