Schedule of Net Sales and Earnings by Segment |
Our segment net sales and earnings were as follows: | | | | | | | | | | | | | | | | | | | | | | | | For the years ended December 31, | | 2021 | | 2020 | | 2019 | Net sales: | | | | | | | North America Confectionery | | $ | 7,682,416 | | | $ | 7,084,860 | | | $ | 6,815,111 | | North America Salty Snacks | | 555,424 | | 438,224 | | 410,005 | International | | 733,497 | | 626,635 | | 761,136 | Total | | $ | 8,971,337 | | | $ | 8,149,719 | | | $ | 7,986,252 | | | | | | | | | Segment income (loss): | | | | | | | North America Confectionery | | $ | 2,475,873 | | $ | 2,274,584 | | $ | 2,120,212 | North America Salty Snacks | | 100,777 | | | 75,845 | | | 50,816 | | International | | 74,170 | | | (14) | | | 50,535 | | Total segment income | | 2,650,820 | | 2,350,415 | | 2,221,563 | Unallocated corporate expense (1) | | 614,875 | | | 520,632 | | | 532,539 | | Unallocated mark-to-market (gains) losses on commodity derivatives | | (24,376) | | 6,429 | | (28,651) | Long-lived and intangible asset impairment charges (see Note 6) | | — | | 9,143 | | 112,485 | Costs associated with business realignment activities (see Note 9) | | 16,599 | | | 31,513 | | | 9,238 | | | | | | | | | | | | | | | | Operating profit | | 2,043,722 | | 1,782,698 | | 1,595,952 | Interest expense, net (see Note 4) | | 127,417 | | | 149,374 | | | 144,125 | | Other (income) expense, net (see Note 17) | | 119,081 | | 138,327 | | 71,043 | Income before income taxes | | $ | 1,797,224 | | | $ | 1,494,997 | | | $ | 1,380,784 | |
(1)Includes centrally-managed (a) corporate functional costs relating to legal, treasury, finance, and human resources, (b) expenses associated with the oversight and administration of our global operations, including warehousing, distribution and manufacturing, information systems and global shared services, (c) non-cash stock-based compensation expense, (d) acquisition-related costs and (e) other gains or losses that are not integral to segment performance.
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Schedule of Depreciation and Amortization Expense Included within Segment Income |
Depreciation and amortization expense included within segment income presented above is as follows: | | | | | | | | | | | | | | | | | | | | | | | | For the years ended December 31, | | 2021 | | 2020 | | 2019 | North America Confectionery | | $ | 213,113 | | | $ | 198,951 | | | $ | 195,431 | | North America Salty Snacks | | 29,744 | | 27,362 | | 29,544 | International | | 22,754 | | 24,533 | | 24,827 | Corporate | | 49,391 | | 44,061 | | 41,742 | Total | | $ | 315,002 | | | $ | 294,907 | | | $ | 291,544 | |
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Schedule of Segment Information by Geography |
Additional information regarding our net sales and long-lived assets disaggregated by geographical region is as follows: | | | | | | | | | | | | | | | | | | | | | | | | For the years ended December 31, | | 2021 | | 2020 | | 2019 | Net sales: | | | | | | | United States | | $ | 7,807,606 | | | $ | 7,042,804 | | | $ | 6,722,617 | | Other | | 1,163,731 | | | 1,106,915 | | | 1,263,635 | | Total | | $ | 8,971,337 | | | $ | 8,149,719 | | | $ | 7,986,252 | | | | | | | | | Long-lived assets: | | | | | | | United States | | $ | 2,099,786 | | | $ | 1,836,114 | | | $ | 1,717,606 | | Other | | 486,401 | | | 449,141 | | | 435,533 | | Total | | $ | 2,586,187 | | | $ | 2,285,255 | | | $ | 2,153,139 | |
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