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Reportable Segments

3 Months Ended

Apr. 01, 2023

Reportable segments

Kellogg Company is a leading producer of snacks, cereal, and frozen foods. It is the second largest producer of crackers, a leading producer of savory snacks, and the world's leading producer of cereal. Additional product offerings include toaster pastries, cereal bars, veggie foods and noodles. Kellogg products are manufactured and marketed globally. Principal markets for these products include the United States, United Kingdom, 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.

Corporate includes corporate administration and initiatives as well as share-based compensation.

The measurement of reportable segment results is based on segment operating profit which is generally consistent with the presentation of operating profit in the Consolidated Statement of Income. Reportable segment results were as follows:


	Quarter ended
(millions)	April 1, 2023		April 2, 2022
Net sales
North America	$	2,388	$	2,110
Europe	604		589
Latin America	292		256
AMEA	770		718
Total Reportable Segments	4,054		3,673
Corporate	(1)		(1)
Consolidated	$	4,053	$	3,672
Operating profit
North America	$	366	$	339
Europe	92		98
Latin America	25		14
AMEA	74		66
Total Reportable Segments	557		517
Corporate	(117)		—
Consolidated	$	440	$	517

Supplemental product information is provided below for net sales to external customers:


	Quarter ended
(millions)	April 1, 2023		April 2, 2022
Snacks	$	2,022	$	1,775
Cereal	1,390		1,281
Frozen	292		291
Noodles and other	349		325
Consolidated	$	4,053	$	3,672

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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+ Details