The company divided its International segment into three operating segments: Europe and Pacific Developed Markets, West and East Emerging Markets, and Asia Emerging Markets, to enable enhanced focus on different strategies.

The company now manages its product portfolio through eight consumer-driven product platforms: Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, and Meats, aiming to organize business effectively.

The company closed the sale of its infant nutrition business in Russia and its subsidiary in Papua New Guinea, resulting in a pre-tax loss on sale of business of approximately $80 million for the Papua New Guinea transaction.

The company changed its primary measure to evaluate segment profitability from Segment Adjusted EBITDA to Segment Adjusted Operating Income, to better align with its long-term strategic plan.

The company eliminated approximately 100 positions related to restructuring programs in the first half of 2024 and expects to eliminate approximately 50 additional positions during the remainder of 2024.

The company is engaged in ongoing discussions with the U.S. Department of Justice, joined by the U.S. Environmental Protection Agency and the Indiana Department of Environmental Management, concerning alleged violations of the Clean Water Act related to a facility in Kendallville, Indiana.

The company's reporting units with 20% or less fair value over carrying amount have a heightened risk of future impairments if any assumptions, estimates, or market factors change in the future.

The company is currently under examination for income taxes by the IRS for the years 2018 through 2022, with proposed adjustments related to transfer pricing that could result in additional U.S. federal income tax expense and liability.

The company is involved in various legal proceedings, claims, and governmental inquiries, and while the ultimate costs are not expected to have a material adverse effect, the outcomes are uncertain.

The company has taken measures to mitigate the impact of inflation through pricing actions, efficiency gains, and hedging strategies, but these actions have, in some instances, negatively impacted, and could continue to negatively impact, market share.

The company experienced unfavorable volume/mix in both North America and International Developed Markets, indicating potential challenges in maintaining market share.

The company manages commodity cost volatility through hedging techniques, but these strategies may not fully protect against increases in specific raw material costs, and commodity costs may not immediately correlate with market price trends.

The company's operating income was negatively impacted by increased SG&A expenses, due in part to investments in advertising and technology.

The company experienced increased stability of input and supply chain costs as compared to the prior year period, with inflation expected to moderate through the remainder of 2024.

The company continues its restructuring programs globally, focused primarily on streamlining organizational design, with approximately 100 positions eliminated in H1 2024.

The company's 2024 capital expenditures are expected to be primarily driven by capital investments focused on generating growth, including capacity expansion, digital projects, cost improvement, and innovation projects.

The company's operating income was negatively impacted by increased SG&A expenses, due in part to investments in advertising and technology.

The company has started a multi-year migration of certain financial processing systems, including implementation of a new enterprise resource planning solution, with the first phase expected to be completed in the first half of 2025.

The company's share repurchase program authorized up to $3.0 billion of common stock repurchases, with approximately $2.4 billion remaining as of June 29, 2024.

The company's Board of Directors declared a cash dividend of $0.40 per share of common stock, payable on September 27, 2024.

The company expects 2024 capital expenditures to be approximately $1.1 billion, primarily driven by investments focused on generating growth, including capacity expansion, digital projects, cost improvement, and innovation projects.

The company is engaged in ongoing discussions with the U.S. Department of Justice, joined by the U.S. Environmental Protection Agency and the Indiana Department of Environmental Management, concerning alleged violations of the Clean Water Act related to a facility in Kendallville, Indiana.

The company experienced increased stability of input and supply chain costs as compared to the prior year period, with inflation expected to continue to moderate through the remainder of 2024.

The company experienced unfavorable volume/mix in both North America and International Developed Markets, indicating potential challenges in maintaining market share.

The company acknowledges that disruptions in the global economy caused by geopolitical conflicts could affect their business and operations.