v3.26.1
Segment Reporting - Operating Income by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]        
Net revenues $ 9,355 $ 8,984 [1] $ 19,435 $ 18,297 [1]
Cost of sales (5,369) (6,047) (12,646) (12,930)
Selling, general and administrative expenses (2,001) (1,725) (3,917) (3,436)
Operating income 1,946 1,172 2,754 1,852
Mark-to-market gains (losses) from derivatives       (762)
General corporate expenses       (112)
Amortization of intangible assets (26) (38) (53) (75)
Gain on divestiture 0 0 1 0
Operating Segments        
Segment Reporting [Line Items]        
Net revenues 9,355 8,984 19,435 18,297
Cost of sales (6,196) (5,954) (13,200) (12,163)
Selling, general and administrative expenses [2] (1,926) (1,658) (3,849) (3,333)
Operating income 1,233 1,372 2,386 2,801
Mark-to-market gains (losses) from derivatives 827 (93) 554  
General corporate expenses (88) (69) (134)  
Amortization of intangible assets (26) (38) (53)  
Latin America        
Segment Reporting [Line Items]        
Net revenues 1,374 1,194 [1] 2,722 2,397 [1]
Latin America | Operating Segments        
Segment Reporting [Line Items]        
Net revenues 1,374 1,194 2,722 2,397
Cost of sales (903) (807) (1,814) (1,622)
Selling, general and administrative expenses [2] (305) (254) (593) (503)
Operating income 166 133 315 272
AMEA        
Segment Reporting [Line Items]        
Net revenues 1,971 1,821 [1] 4,275 3,837 [1]
AMEA | Operating Segments        
Segment Reporting [Line Items]        
Net revenues 1,971 1,821 4,275 3,837
Cost of sales (1,291) (1,189) (2,853) (2,459)
Selling, general and administrative expenses [2] (426) (361) (842) (764)
Operating income 254 271 580 614
Europe        
Segment Reporting [Line Items]        
Net revenues 3,377 3,412 [1] 7,248 6,962 [1]
Europe | Operating Segments        
Segment Reporting [Line Items]        
Net revenues 3,377 3,412 7,248 6,962
Cost of sales (2,361) (2,343) (5,258) (4,884)
Selling, general and administrative expenses [2] (634) (555) (1,314) (1,102)
Operating income 382 514 676 976
North America        
Segment Reporting [Line Items]        
Net revenues 2,633 2,557 [1] 5,190 5,101 [1]
North America | Operating Segments        
Segment Reporting [Line Items]        
Net revenues 2,633 2,557 5,190 5,101
Cost of sales (1,641) (1,615) (3,275) (3,198)
Selling, general and administrative expenses [2] (561) (488) (1,100) (964)
Operating income $ 431 $ 454 $ 815 $ 939
[1] During the first quarter of 2026, we realigned some of our products between our biscuits & baked snacks and chocolate categories in the North America segment; as such, we reclassified $11 million and $19 million of product category net revenues from biscuits & baked snacks to chocolate for the three and six months ended June 30, 2025, respectively, on a basis consistent with the 2026 presentation.
[2]
(1) SG&A for all reportable segments includes: Advertising & consumer expenses and overhead expenses.