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Segment Reporting (Tables)
9 Months Ended
Sep. 27, 2015
Segment Reporting [Abstract]  
Net Sales by Segment
Our reportable segment net sales and income consisted of:
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 27, 2015
 
September 28, 2014
 
September 27, 2015
 
September 28, 2014
 
(in millions)
Net sales:
 
 
 
 
 
 
 
United States
$
4,298

 
$
834

 
$
6,043

 
$
2,643

Canada
539

 
148

 
804

 
474

Europe
599

 
696

 
1,845

 
2,225

Rest of World
684

 
916

 
2,522

 
2,781

Net sales
$
6,120

 
$
2,594

 
$
11,214

 
$
8,123

Segment Adjusted EBITDA
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 27, 2015
 
September 28, 2014
 
September 27, 2015
 
September 28, 2014
 
(in millions)
Segment Adjusted EBITDA:
 
 
 
 
 
 
 
United States
$
1,061

 
$
1,046

 
$
3,437

 
$
3,361

Canada
110

 
138

 
374

 
435

Europe
222

 
205

 
661

 
658

Rest of World
125

 
177

 
498

 
493

General corporate expenses
(36
)
 
(32
)
 
(106
)
 
(111
)
Depreciation and amortization (excluding integration and restructuring expenses)
(193
)
 
(222
)
 
(619
)
 
(694
)
Integration and restructuring expenses
(482
)
 
(163
)
 
(681
)
 
(502
)
Merger costs
(139
)
 
(15
)
 
(193
)
 
(49
)
Unrealized gains/(losses) on commodity hedges

 
(10
)
 
23

 
13

Impairment losses

 

 
(58
)
 
(62
)
Gain/(loss) on sale of business

 

 
21

 

Nonmonetary currency devaluation

 

 
(49
)
 

Equity award compensation expense
(16
)
 
(26
)
 
(60
)
 
(80
)
Pro forma adjustments
(253
)
 
(689
)
 
(1,896
)
 
(2,246
)
Operating income
399

 
409

 
1,352

 
1,216

Interest expense
460

 
167

 
1,055

 
504

Other expense, net
108

 
28

 
314

 
80

(Loss)/income before income taxes
$
(169
)
 
$
214

 
$
(17
)
 
$
632

Net Sales by Product
Our net sales by product categories were:
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 27, 2015
 
September 28, 2014
 
September 27, 2015
 
September 28, 2014
 
(in millions)
Condiments and sauces
$
1,524

 
$
1,345

 
$
4,185

 
$
4,088

Cheese and dairy
1,184

 

 
1,184

 

Ambient meals
819

 
395

 
1,457

 
1,134

Frozen and chilled meals
413

 
448

 
1,306

 
1,454

Meats
685

 
44

 
781

 
150

Refreshment beverages
353

 

 
353

 

Coffee
310

 

 
310

 

Infant/nutrition
190

 
273

 
707

 
859

Desserts, toppings and baking
203

 

 
203

 

Nuts and salted snacks
243

 

 
243

 

Other
196

 
89

 
485

 
438

Total
$
6,120

 
$
2,594

 
$
11,214

 
$
8,123