Our Divisions

We are organized into six reportable segments (also referred to as divisions), as follows:


1)	Frito-Lay North America (FLNA), which includes our branded food and snack businesses in the United States and Canada;


2)	Quaker Foods North America (QFNA), which includes our cereal, rice, pasta and other branded food businesses in the United States and Canada;


3)	North America Beverages (NAB), which includes our beverage businesses in the United States and Canada;


4)	Latin America, which includes all of our beverage, food and snack businesses in Latin America;


5)	Europe Sub-Saharan Africa (ESSA), which includes all of our beverage, food and snack businesses in Europe and Sub-Saharan Africa; and


6)	Asia, Middle East and North Africa (AMENA), which includes all of our beverage, food and snack businesses in Asia, Middle East and North Africa.

Net revenue and operating profit of each division are as follows:



	12 Weeks Ended				24 Weeks Ended
Net Revenue	6/16/2018^(a)		6/17/2017		6/16/2018^(a)		6/17/2017
FLNA	$	3,837	$	3,678	$	7,454	$	7,177
QFNA	527		553		1,128		1,151
NAB	5,193		5,242		9,608		9,702
Latin America	1,843		1,823		3,067		2,900
ESSA	3,116		2,812		4,784		4,257
AMENA	1,574		1,602		2,611		2,572
Total division	$	16,090	$	15,710	$	28,652	$	27,759



	12 Weeks Ended						24 Weeks Ended
Operating Profit	6/16/2018			6/17/2017^(b)			6/16/2018			6/17/2017^(b)
FLNA	$	1,200		$	1,143		$	2,250		$	2,193
QFNA	145			145			300			308
NAB	747			890			1,135			1,391
Latin America	269			228			458			361
ESSA ^(c)	438			492			556			588
AMENA ^(d)	496			307			683			478
Total division	$	3,295		$	3,205		$	5,382		$	5,319
Corporate unallocated	(267		)	(286		)	(547		)	(537		)
	$	3,028		$	2,919		$	4,835		$	4,782

(a)

Our primary performance obligation is the distribution and sales of beverage products and food and snack products to our customers, each comprising approximately 50% of our consolidated net revenue. Internationally, our Latin America segment is predominantly a food and snack business, ESSA’s beverage business and food and snack business are each approximately 50% of the segment’s net revenue and AMENA’s beverage business and food and snack business are approximately 35% and 65%, respectively, of the segment’s net revenue. Beverage revenue from company-owned bottlers, which primarily includes our consolidated bottling operations in our NAB and ESSA segments, is approximately 40% of our consolidated net revenue. Generally, our finished goods beverage operations produce higher net revenue, but lower operating margins as compared to concentrate sold to authorized bottling partners for the manufacture of finished goods beverages.


(b)	Reflects the retrospective adoption of guidance requiring the presentation of non-service cost components of net periodic benefit cost below operating profit. See Note 2 for additional information.


(c)	Operating profit for ESSA for the 12 and 24 weeks ended June 17, 2017 includes a gain of $95 million associated with the sale of our minority stake in Britvic plc (Britvic).


(d)	Operating profit for AMENA for the 12 and 24 weeks ended June 16, 2018 includes a gain of $144 million associated with refranchising a portion of our beverage business in Thailand.