Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2013

Net Revenues by Segment

Our segment net revenues and earnings were:

	For the Years Ended December 31,
	2013		2012		2011
	(in millions)
Net revenues:
Latin America	$	5,382	$	5,396	$	5,403
Asia Pacific		4,952		5,164		4,864
EEMEA		3,915		3,735		3,836
Europe		14,059		13,817		14,874
North America		6,991		6,903		6,833
Net revenues	$	35,299	$	35,015	$	35,810

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

	For the Years Ended December 31,
	2013			2012			2011
	(in millions)
Earnings from continuing operations before income taxes:
Operating income:
Latin America	$	570		$	769		$	759
Asia Pacific		512			657			682
EEMEA		379			506			433
Europe		1,699			1,762			1,586
North America		889			781			787
Unrealized gains / (losses) on hedging activities		62			1			(36	)
General corporate expenses		(287	)		(728	)		(488	)
Amortization of intangibles		(217	)		(217	)		(225	)
Benefit from indemnification resolution		336			–			–
Gains on acquisition and divestitures, net		30			107			–
Acquisition-related costs		(2	)		(1	)		–
Operating income		3,971			3,637			3,498
Interest and other expense, net		(1,579	)		(1,863	)		(1,618	)
Earnings from continuing operations before income taxes	$	2,392		$	1,774		$	1,880

Total Assets, Depreciation Expense and Capital Expenditure by Segment

Total assets, depreciation expense and capital expenditures by segment were:

	As of December 31,
	2013		2012
	(in millions)
Total assets:
Latin America	$	6,860	$	7,018
Asia Pacific		9,032		9,748
EEMEA		7,045		7,105
Europe		27,599		27,513
North America		21,723		22,158
Unallocated assets (1)		298		1,935
Total assets	$	72,557	$	75,477

(1) Unallocated assets consist primarily of cash and cash equivalents, deferred income taxes, centrally held property, plant and equipment, prepaid pension assets and derivative financial instrument balances.

	For the Years Ended December 31,
	2013		2012		2011
	(in millions)
Depreciation expense:
Latin America	$	107	$	98	$	105
Asia Pacific		107		100		99
EEMEA		88		77		90
Europe		359		368		397
North America		199		224		205
Total – continuing operations		860		867		896
Discontinued operations		–		261		364
Total depreciation expense	$	860	$	1,128	$	1,260

	For the Years Ended December 31,
	2013		2012		2011
	(in millions)
Capital Expenditures:
Latin America	$	412	$	220	$	262
Asia Pacific		268		250		195
EEMEA		254		227		191
Europe		478		414		443
North America		210		217		279
Total – continuing operations		1,622		1,328		1,370
Discontinued operations		–		282		401
Total capital expenditures	$	1,622	$	1,610	$	1,771

Net Revenues by Consumer Sector

Net revenues by consumer sector were:

	For the Year Ended December 31, 2013
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)
Biscuits	$	1,287	$	1,311	$	678	$	2,990	$	5,406	$	11,672
Chocolate		1,143		1,632		1,180		5,385		325		9,665
Gum & Candy		1,380		849		673		968		1,187		5,057
Beverages		907		470		1,113		3,340		–		5,830
Cheese & Grocery		665		690		271		1,376		73		3,075
Total net revenues	$	5,382	$	4,952	$	3,915	$	14,059	$	6,991	$	35,299

	For the Year Ended December 31, 2012
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)
Biscuits	$	1,207	$	1,374	$	595	$	2,761	$	5,212	$	11,149
Chocolate		1,128		1,686		1,139		5,067		336		9,356
Gum & Candy		1,434		899		726		999		1,280		5,338
Beverages		953		453		1,025		3,411		1		5,843
Cheese & Grocery		674		752		250		1,579		74		3,329
Total net revenues	$	5,396	$	5,164	$	3,735	$	13,817	$	6,903	$	35,015

	For the Year Ended December 31, 2011
	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Total
	(in millions)
Biscuits	$	1,175	$	1,223	$	573	$	2,986	$	5,031	$	10,988
Chocolate		1,096		1,614		1,231		5,272		352		9,565
Gum & Candy		1,550		914		721		1,156		1,351		5,692
Beverages		960		392		1,058		3,645		2		6,057
Cheese & Grocery		622		721		253		1,815		97		3,508
Total net revenues	$	5,403	$	4,864	$	3,836	$	14,874	$	6,833	$	35,810

Net Revenues by Geographic Segment

Geographic data for net revenues and long-lived assets were:

	For the Years Ended December 31,
	2013		2012		2011
	(in millions)
Net revenues:
United States	$	5,965	$	5,974	$	5,848
Other		29,334		29,041		29,962
Total net revenues	$	35,299	$	35,015	$	35,810

Long-Lived Assets by Geographic Segment

	As of December 31,
	2013		2012
	(in millions)
Long-lived assets:
United States	$	17,948	$	18,160
Other		41,393		41,644
Total long-lived assets	$	59,341	$	59,804