Forecast sales revenue for each of your segments and the expense lines up to the Operating Income line. Document the key assumptions you made in forecasting the expense accounts.

INPUT EACH CELL THAT HAS A "1" IN IT EXCEPT FOR THE OPERATING INCOME LINE. ALL OTHER CELLS WILL COMPUTE
(In Millions)		2022		2023	Growth		2024	Growth		2025	Growth		2026	Growth
Latin American		$ 3,629		$ 5,006	37.9%		$ 1	-100.0%		$ 1	0.0%		$ 1	0.0%
AMEA		6,767		7,075	4.6%		1	-100.0%		1	0.0%		1	0.0%
Europe		11,420		12,857	12.6%		1	-100.0%		1	0.0%		1	0.0%
North America		9,680		11,078	14.4%		1	-100.0%		1	0.0%		1	0.0%
Net Revenues		31,496		36,016	14.4%		4	-100.0%		4	0.0%		4	0.0%	Formula - will compute
Cost of sales		20,184		22,252	10.2%		1	-100.0%		1	0.0%		1	0.0%
Gross Profit		11,312		13,764	21.7%		3	-100.0%		3	0.0%		3	0.0%	Formula - will compute
Selling, general, administrative expense	7,384		8,002	8.4%		1	-100.0%		1	0.0%		1	0.0%
Asset impairment		262		217	-17.2%		-			-			-
Net (gain) on acquisition and divestiture	-		(108)			-			-			-
Amortization of intangibles		132		151	14.4%		1	-99.3%		1	0.0%		1	0.0%
Operating Income		$ 3,534		$ 5,502	55.7%		$ 1	-100.0%		$ 1	0.0%		$ 1	0.0%	Formula - will compute
% To Sales
Cost of sales		64.1%		61.8%			25.0%			25.0%			25.0%
Gross Profit		35.9%		38.2%			75.0%			75.0%			75.0%
Selling, general, administrative expense	23.4%		22.2%			25.0%			25.0%			25.0%
Amortization of intangibles		0.4%		0.4%			25.0%			25.0%			25.0%
Operating Income		11.2%		15.3%			25.0%			25.0%			25.0%