REPORTABLE SEGMENTS (Tables)

12 Months Ended

Dec. 28, 2024

Segment Reporting [Abstract]

Schedule of revenues and significant expense categories by segment and consolidated

Reportable segment results including details of the significant expense categories provided to the CODM for the year ended December 28, 2024 were as follows:

	Reportable segments
(millions)	North America		Europe		Latin America		AMEA		Corporate		Consolidated
Net sales from continuing operations	$	6,580	$	2,499	$	1,261	$	2,413	$	(4)	$	12,749
Cost of goods sold	4,155		1,675		842		1,700		(168)		8,204
Selling, general, and administrative expense	1,153		505		277		415		322		2,672
Operating profit	$	1,272	$	319	$	142	$	298	$	(158)	$	1,873

Reportable segment results for the year ended December 30, 2023 were as follows:

	Reportable segments
(millions)	North America		Europe		Latin America		AMEA		Corporate		Consolidated
Net sales from continuing operations	$	6,574	$	2,501	$	1,265	$	2,785	$	(3)	$	13,122
Cost of goods sold	4,256		1,667		854		2,063		(1)		8,839
Selling, general, and administrative expense	1,294		477		281		452		274		2,778
Operating profit	$	1,024	$	357	$	130	$	270	$	(276)	$	1,505

Reportable segment results for the year ended December 31, 2022 were as follows:

	Reportable segments
(millions)	North America		Europe		Latin America		AMEA		Corporate		Consolidated
Net sales from continuing operations	$	6,330	$	2,310	$	1,089	$	2,933	$	(9)	$	12,653
Cost of goods sold	4,193		1,537		732		2,245		135		8,842
Selling, general, and administrative expense	1,230		444		241		436		249		2,600
Operating profit	$	907	$	329	$	116	$	252	$	(393)	$	1,211

Schedule of Segment Reporting Information, by Segment [Table Text Block]

(millions)	2024		2023		2022
Depreciation and amortization
North America (a)	$	209	$	180	$	187
Europe (a)	124		80		81
Latin America	32		35		34
AMEA	54		65		94
Total Reportable Segments	419		360		396
Corporate	8		6		8
Consolidated	$	427	$	366	$	404
Interest expense
North America	$	5	$	1	$	1
Europe	68		68		20
Latin America	6		4		2
AMEA	19		23		22
Corporate	213		207		156
Consolidated	$	311	$	303	$	201
Income taxes
Europe	$	29	$	42	$	38
Latin America	43		34		24
AMEA	59		45		42
Corporate & North America	173		137		76
Consolidated	$	304	$	258	$	180

(a) Includes asset impairment charges as discussed in Note 16.

Schedule of Additions to Long Lived Assets by Segment [Table Text Block]

(millions)	2024		2023		2022
Additions to property
North America	$	242	$	249	$	168
Europe	128		122		107
Latin America	103		75		45
AMEA	137		102		69
Corporate	18		21		12
Consolidated	$	628	$	569	$	401

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

(millions)	2024		2023		2022
Net sales from continuing operations
United States	$	6,253	$	6,279	$	6,061
Nigeria	724		1,113		1,322
Poland	50		41		23
All other countries	5,722		5,689		5,247
Consolidated	$	12,749	$	13,122	$	12,653
Long-lived assets from continuing operations
United States	$	1,761	$	1,847	$	1,872
Nigeria	63		84		153
Poland	415		390		320
All other countries	1,596		1,552		1,355
Consolidated	$	3,835	$	3,873	$	3,700

Revenue from External Customers by Products and Services [Table Text Block]

(millions)	2024		2023		2022
Snacks	$	8,120	$	8,105	$	7,563
Cereal	2,700		2,736		2,618
Frozen	1,096		1,095		1,097
Noodles and other	833		1,186		1,375
Consolidated	$	12,749	$	13,122	$	12,653