Help in defining organization structure with reference to new gl

Hi Experts,
I need some help in defining organization structure with reference to new GL. I have three legal entities spread across 17 locations. In each location there may be three legal company entities in operation. And in each company code there are 5 to 6 several product lines. I have defined 3 legal entities as 3 company codes, but my concern is how do i define these 17 locations as and how do i define these product lines. We do location wise reporting meaning if i take one location i draw P&L for all the 15 product lines of the combined 3 company codes. Like wise for we do individual location wise reporting. As ususal we do budgeting location wise for departments for each individual company code.
I thought of using business area as locations, but i heard SAP doesnt support anymore on business due to new gl concept and moreover business area doesnt populate in all transactions. Can we use new gl concept like segments and so, i am sorry i am very new to New gl. Can the location wise combined reporting be done in consolidation or it can achieved in new gl
Can somebody share their expertise on how to achieve this either my new gl or traditional gl.
Thanks in advance
Best Regards,
gj

Hi Experts,
Looking forward some help on this issue.
Best Regards,
gj

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