| Reconciliation of Revenue from Segments to Consolidated |
Reportable segment results including details of the significant expense categories provided to the CODM for the quarter and year-to-date periods ended June 28, 2025 and June 29, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | Quarter ended June 28, 2025 | Reportable segments | | | | (millions) | North America | Europe | Latin America | AMEA | Corporate | Consolidated | | Net sales | $ | 1,594 | | $ | 651 | | $ | 309 | | $ | 648 | | $ | 1 | | $ | 3,203 | | | Cost of goods sold | 978 | | 436 | | 205 | | 477 | | 17 | | 2,113 | | | Selling, general, and administrative expense | 281 | | 122 | | 68 | | 109 | | 72 | | 652 | | | Operating profit | $ | 335 | | $ | 93 | | $ | 36 | | $ | 62 | | $ | (88) | | $ | 438 | | | | | | | | | Year-to-date period ended June 28, 2025 | Reportable segments | | | | (millions | North America | Europe | Latin America | AMEA | Corporate | Consolidated | | Net sales | $ | 3,213 | | $ | 1,230 | | $ | 575 | | $ | 1,268 | | $ | — | | $ | 6,286 | | | Cost of good sold | $ | 1,984 | | $ | 816 | | $ | 390 | | $ | 929 | | $ | 18 | | $ | 4,137 | | | Selling, general, and administrative expense | $ | 589 | | $ | 231 | | $ | 130 | | $ | 203 | | $ | 128 | | $ | 1,281 | | | Operating profit | $ | 640 | | $ | 183 | | $ | 55 | | $ | 136 | | $ | (146) | | $ | 868 | |
| | | | | | | | | | | | | | | | | | | | | Quarter ended June 29, 2024 | Reportable segments | | | | (millions) | North America | Europe | Latin America | AMEA | Corporate | Consolidated | | Net sales | $ | 1,658 | | $ | 639 | | $ | 333 | | $ | 564 | | $ | (2) | | $ | 3,192 | | | Cost of goods sold | 1,017 | | 406 | | 217 | | 397 | | (6) | | 2,031 | | | Selling, general, and administrative expense | 302 | | 122 | | 70 | | 107 | | 67 | | 668 | | | Operating profit | $ | 339 | | $ | 111 | | $ | 46 | | $ | 60 | | $ | (63) | | $ | 493 | | | | | | | | | Year-to-date period ended June 29, 2024 | Reportable segments | | | | (millions) | North America | Europe | Latin America | AMEA | Corporate | Consolidated | | Net Sales | $ | 3,346 | | $ | 1,238 | | $ | 647 | | $ | 1,164 | | $ | (3) | | $ | 6,392 | | | Cost of goods sold | $ | 2,072 | | $ | 866 | | $ | 434 | | $ | 824 | | $ | 4 | | $ | 4,200 | | | Selling, general, and administrative expense | $ | 600 | | $ | 233 | | $ | 140 | | $ | 205 | | $ | 128 | | $ | 1,306 | | | Operating profit | $ | 674 | | $ | 139 | | $ | 73 | | $ | 135 | | $ | (135) | | $ | 886 | |
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| Schedule of Reportable Segment Information |
| | | | | | | | | | | | | | | | | | | | Quarter ended | | Year-to-date period ended | | (millions) | June 28,
2025 | June 29,
2024 | | June 28,
2025 | June 29,
2024 | | Depreciation and amortization | | | | | | | North America (a) | $ | 44 | | $ | 48 | | | $ | 85 | | $ | 111 | | | Europe (a) | 24 | | 25 | | | 46 | | 85 | | | Latin America | 7 | | 9 | | | 20 | | 17 | | | AMEA | 14 | | 12 | | | 28 | | 25 | | | Total Reportable Segments | 89 | | 94 | | | 179 | | 238 | | | Corporate | 2 | | 1 | | | 4 | | 3 | | | Consolidated | $ | 91 | | $ | 95 | | | $ | 183 | | $ | 241 | | | Interest expense | | | | | | | North America | $ | — | | $ | 2 | | | $ | — | | $ | 4 | | | Europe | 7 | | 18 | | | 16 | | 35 | | | Latin America | 1 | | 2 | | | 2 | | 3 | | | AMEA | 5 | | 4 | | | 10 | | 10 | | | Corporate | 50 | | 57 | | | 98 | | 114 | | | Consolidated | $ | 63 | | $ | 83 | | | $ | 126 | | $ | 166 | | | Income taxes | | | | | | | Europe | $ | 9 | | $ | 13 | | | $ | 20 | | $ | 17 | | | Latin America | 4 | | 18 | | | $ | 9 | | $ | 25 | | | AMEA | 16 | | 11 | | | $ | 29 | | $ | 25 | | | Corporate & North America | 54 | | 55 | | | $ | 98 | | $ | 112 | | | Consolidated | $ | 83 | | $ | 97 | | | $ | 156 | | $ | 179 | |
(a) Quarter ended March 30, 2024, includes asset impairment charges as discussed in Note 9.
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| Revenue from External Customers by Products and Services |
Supplemental product information is provided below for net sales to external customers: | | | | | | | | | | | | | | | | | | | | | | | Quarter ended | | Year-to-date period ended | | (millions) | | June 28,
2025 | June 29,
2024 | | June 28,
2025 | June 29,
2024 | | Snacks | | $ | 2,008 | | $ | 2,069 | | | $ | 3,905 | | $ | 4,084 | | | Cereal | | 672 | | 689 | | | 1,317 | | 1,376 | | | Frozen | | 256 | | 262 | | | 546 | | 552 | | | Noodles and other | | 267 | | 172 | | | 518 | | 380 | | | Consolidated | | $ | 3,203 | | $ | 3,192 | | | $ | 6,286 | | $ | 6,392 | |
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