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Other Financial Information (Tables)
 6 Months Ended
Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of cash and cash equivalents The following table provides a reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents reported with the unaudited Condensed Consolidated Balance Sheets to the total of the same amounts shown in the unaudited Condensed Consolidated Statements of Cash Flows:
 (in millions)June 30, 2021December 31, 2020
Cash and cash equivalents$167 $240 
Restricted cash and restricted cash equivalents(1)
3 15 
Total cash, cash equivalents, restricted cash and restricted cash equivalents shown in the unaudited Condensed Consolidated Statement of Cash Flows$170 $255 
(1)Restricted cash and cash equivalents as of June 30, 2021 primarily represent amounts held in escrow in connection with the acquisitions of Core Nutrition LLC and Big Red Group Holdings, LLC, which have a corresponding holdback liability recorded in other current liabilities, as shown below. The decrease during the first six months of 2021 was primarily driven by the release of $10 million from escrow in April 2021 related to the 2017 acquisition of Bai Brands LLC.
Schedule of other assets and other liabilities
The tables below provide selected financial information from the unaudited Condensed Consolidated Balance Sheets:
 June 30,December 31,
(in millions)20212020
Inventories:
Raw materials$286 $260 
Work-in-progress6 6 
Finished goods628 520 
Total920 786 
Allowance for excess and obsolete inventories(23)(24)
Total Inventories$897 $762 
Prepaid expenses and other current assets:
Other receivables$75 $85 
Customer incentive programs68 34 
Derivative instruments107 45 
Prepaid marketing18 15 
Spare parts63 55 
Assets held for sale2 2 
Income tax receivable12 11 
Other129 76 
Total prepaid expenses and other current assets$474 $323 
Other non-current assets:  
Customer incentive programs$63 $70 
Marketable securities - trading(1)
44 41 
Operating lease right-of-use assets648 645 
Derivative instruments38 12 
Equity securities without readily determinable fair values1 1 
Other132 125 
Total other non-current assets$926 $894 
(1)Fair values of marketable securities are determined using quoted market prices from daily exchange traded markets, based on the closing price as of the balance sheet date, and are classified as Level 1. The fair value of marketable securities was $44 million and $41 million as of June 30, 2021 and December 31, 2020, respectively.
 June 30,December 31,
(in millions)20212020
Accrued expenses:
Customer rebates & incentives$398 $382 
Accrued compensation194 215 
Insurance reserve45 35 
Accrued interest55 57 
Accrued professional fees18 21 
Other accrued expenses309 330 
Total accrued expenses$1,019 $1,040 
Other current liabilities:
Dividends payable$265 $212 
Income taxes payable13 39 
Operating lease liability81 72 
Finance lease liability52 44 
Derivative instruments33 25 
Holdback liabilities2 15 
Other9 9 
Total other current liabilities$455 $416 
Other non-current liabilities:
Pension and post-retirement liability$39 $38 
Insurance reserves75 72 
Operating lease liability577 580 
Finance lease liability552 298 
Derivative instruments129 18 
Deferred compensation liability44 41 
Other75 72 
Total other non-current liabilities$1,491 $1,119 
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]
Activity in the allowance for expected credit losses account during the periods presented was as follows:
(in millions)Allowance for Expected Credit Losses
Balance as of December 31, 2020$21 
Provision (reversal) for allowance for expected credit losses(13)
Write-offs and adjustments1 
Balance as of June 30, 2021$9