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REPORTABLE SEGMENTS (Notes)
 3 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Reportable Segments 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, France, 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. Each reportable segment derives its revenues primarily from the production and distribution of a mix of food products including snacks, cereal, frozen foods, noodles and other foods. Corporate includes corporate administration and initiatives as well as share-based compensation.
The Chairman and Chief Executive Officer is the Chief Operating Decision Maker (CODM) of the Company. The CODM uses operating profit as the reportable segment profitability measure to assess performance and allocate
resources. This measure is utilized during our budgeting and forecasting process to assess profitability and enable decision making regarding strategic initiatives and capital investments across all reportable segments. Reportable segment operating profit is consistent with the presentation of operating profit in the Consolidated Statement of Income. The accounting policies of each reportable segment are consistent with those described in the summary of significant accounting policies in Note 1 included in the Company's 2024 Annual Report on Form 10-K. Inter-segment sales are not included in the segment profitability measure used by the CODM to assess performance of the reportable segments.
Reportable segment results including details of the significant expense categories provided to the CODM for the quarters ended March 29, 2025 and March 30, 2024 were as follows:
Quarter ended March 29, 2025
Reportable segments
(millions)North AmericaEuropeLatin AmericaAMEACorporateConsolidated
Net sales$1,619 $579 $266 $620 $(1)$3,083 
Cost of goods sold1,006 380 185 452 1 2,024 
Selling, general, and administrative expense308 109 62 94 56 629 
Operating profit$305 $90 $19 $74 $(58)$430 

Quarter ended March 30, 2024
Reportable segments
(millions)North AmericaEuropeLatin AmericaAMEACorporateConsolidated
Net sales$1,688 $599 $314 $600 $(1)$3,200 
Cost of goods sold1,055 460 217 427 10 2,169 
Selling, general, and administrative expense298 111 70 98 61 638 
Operating profit$335 $28 $27 $75 $(72)$393 
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.
 Quarter ended
(millions)March 29,
2025		March 30,
2024
Depreciation and amortization
North America (a)$41 $63 
Europe (a)22 60 
Latin America13 8 
AMEA14 13 
Total Reportable Segments90 144 
Corporate2 2 
Consolidated$92 $146 
Interest expense
North America$— $2 
Europe9 17 
Latin America1 1 
AMEA5 6 
Corporate48 57 
Consolidated$63 $83 
Income taxes
Europe$11 $4 
Latin America5 7 
AMEA13 14 
Corporate & North America44 57 
Consolidated$73 $82 
(a) Quarter ended March 30, 2024, includes asset impairment charges as discussed in Note 10.
Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by reportable segment. The CODM does review additions to property by reportable segment.
Quarter ended
(millions)March 29, 2025March 30, 2024
Additions to property
North America$51 $68 
Europe51 41 
Latin America33 24 
AMEA36 19 
Corporate5 3 
Consolidated$176 $155 
Supplemental product information is provided below for net sales to external customers:
Quarter ended
(millions)March 29,
2025		March 30,
2024
Snacks$1,897 $2,015 
Cereal645 687 
Frozen290 290 
Noodles and other251 208 
Consolidated$3,083 $3,200