The Kraft Heinz Company (KHC) 8-K 10 Aug 15 Other Events Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 27, 2014
Document Document And Entity Information [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 27, 2014
Entity Registrant Name	Kraft Heinz Co
Entity Central Index Key	1,637,459

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Income Statement [Abstract]
Net revenues	$ 18,205	$ 18,218	$ 18,271
Cost of sales	13,360	11,395	12,499
Gross profit	4,845	6,823	5,772
Selling, general and administrative expenses	2,956	2,124	2,961
Asset impairment and exit costs	(1)	108	141
Operating income	1,890	4,591	2,670
Interest and other expense, net	(484)	(501)	(258)
Royalty income from Mondelēz International	0	0	41
Earnings before income taxes	1,406	4,090	2,453
Provision for income taxes	363	1,375	811
Net earnings	$ 1,043	$ 2,715	$ 1,642
Per share data:
Basic earnings per share	$ 1.75	$ 4.55	$ 2.77
Diluted earnings per share	1.74	4.51	2.75
Dividends declared	$ 2.15	$ 2.05	$ 0.50

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Statement of Comprehensive Income [Abstract]
Net earnings	$ 1,043	$ 2,715	$ 1,642
Other comprehensive (losses) / earnings:
Currency translation adjustment	(91)	(68)	36
Postemployment benefits:
Prior service credits arising during the period	58	31	0
Amortization of prior service credits and other amounts reclassified from accumulated other comprehensive losses	(20)	(22)	(6)
Tax (expense) / benefit	(14)	(3)	2
Derivatives accounted for as hedges:
Net derivative gains / (losses)	90	33	(322)
Amounts reclassified from accumulated other comprehensive losses	(84)	4	112
Tax (expense) / benefit	(2)	(14)	80
Total other comprehensive (losses) / earnings	(63)	(39)	(98)
Comprehensive earnings	$ 980	$ 2,676	$ 1,544

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013
ASSETS
Cash and cash equivalents	$ 1,293	$ 1,686
Receivables (net of allowances of $21 in 2014 and $26 in 2013)	1,080	1,048
Inventories	1,775	1,616
Deferred income taxes	384	360
Other current assets	259	198
Total current assets	4,791	4,908
Property, plant and equipment, net	4,192	4,115
Goodwill	11,404	11,505
Intangible assets, net	2,234	2,229
Other assets	326	391
TOTAL ASSETS	22,947	23,148
LIABILITIES
Current portion of long-term debt	1,405	4
Accounts payable	1,537	1,548
Accrued marketing	511	685
Accrued employment costs	163	184
Dividends payable	324	313
Accrued postretirement health care costs	192	197
Other current liabilities	641	479
Total current liabilities	4,773	3,410
Long-term debt	8,627	9,976
Deferred income taxes	340	662
Accrued pension costs	1,105	405
Accrued postretirement health care costs	3,399	3,080
Other liabilities	338	428
TOTAL LIABILITIES	$ 18,582	$ 17,961
Commitments and Contingencies (Note 11)
EQUITY
Common stock, no par value (5,000,000,000 shares authorized; 601,402,816 shares issued at December 27, 2014 and 596,843,449 at December 28, 2013)	$ 0	$ 0
Additional paid-in capital	4,678	4,434
Retained earnings	1,045	1,281
Accumulated other comprehensive losses	(562)	(499)
Treasury stock, at cost	(796)	(29)
TOTAL EQUITY	4,365	5,187
TOTAL LIABILITIES AND EQUITY	$ 22,947	$ 23,148

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions, None in scaling factor is -9223372036854775296	Dec. 27, 2014	Dec. 28, 2013
Statement of Financial Position [Abstract]
Receivables, allowances	$ 21	$ 26
Common stock, no par value
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares issued	601,402,816	596,843,449

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Parent Company Investment	Retained Earnings / (Deficit)	Accumulated Other Comprehensive Losses	Treasury Stock
Beginning balance at Dec. 31, 2011	$ 16,588	$ 0	$ 0	$ 16,713	$ 0	$ (125)	$ 0
Comprehensive earnings / (losses):
Net earnings	1,642			1,552	90
Other comprehensive losses, net of income taxes	(98)					(98)
Consummation of spin-off transaction on October 1, 2012	(3,695)		4,208	(7,670)		(233)
Net transfers to / from Mondelēz International	(10,599)			(10,595)		(4)
Exercise of stock options, issuance of other stock awards and other	30		32				(2)
Dividends declared ($2.15 per share for the year ended December 27, 2014, $2.05 per share for the year ended December 28, 2013, and $0.50 per share for the year ended December 29, 2012)	(296)				(296)
Ending balance at Dec. 29, 2012	3,572	0	4,240	0	(206)	(460)	(2)
Comprehensive earnings / (losses):
Net earnings	2,715				2,715
Other comprehensive losses, net of income taxes	(39)					(39)
Exercise of stock options, issuance of other stock awards and other	167		194				(27)
Dividends declared ($2.15 per share for the year ended December 27, 2014, $2.05 per share for the year ended December 28, 2013, and $0.50 per share for the year ended December 29, 2012)	(1,228)				(1,228)
Ending balance at Dec. 28, 2013	5,187	0	4,434	0	1,281	(499)	(29)
Comprehensive earnings / (losses):
Net earnings	1,043				1,043
Other comprehensive losses, net of income taxes	(63)					(63)
Exercise of stock options, issuance of other stock awards and other	223		244				(21)
Repurchase of common stock under share repurchase program	(746)						(746)
Dividends declared ($2.15 per share for the year ended December 27, 2014, $2.05 per share for the year ended December 28, 2013, and $0.50 per share for the year ended December 29, 2012)	(1,279)				(1,279)
Ending balance at Dec. 27, 2014	$ 4,365	$ 0	$ 4,678	$ 0	$ 1,045	$ (562)	$ (796)

Consolidated Statements of Equ7

Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 29, 2013	Mar. 30, 2013	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Statement of Stockholders' Equity [Abstract]
Dividends declared	$ 1.10	$ 0	$ 0.525	$ 0.525	$ 1.05	$ 0	$ 0.50	$ 0.50	$ 2.15	$ 2.05	$ 0.50

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES
Net earnings	$ 1,043	$ 2,715	$ 1,642
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	385	393	428
Stock-based compensation expense	95	65	54
Deferred income tax provision	(361)	708	470
Asset impairments	0	28	28
Market-based impacts to postemployment benefit plans	1,341	(1,561)	223
Other non-cash expense, net	67	138	159
Change in assets and liabilities:
Receivables, net	(22)	35	220
Inventories	(53)	235	21
Accounts payable	45	45	(241)
Other current assets	(41)	(9)	(61)
Other current liabilities	(164)	(217)	205
Change in pension and postretirement assets and liabilities, net	(315)	(532)	(113)
Net cash provided by operating activities	2,020	2,043	3,035
CASH (USED IN) / PROVIDED BY INVESTING ACTIVITIES
Capital expenditures	(535)	(557)	(440)
Proceeds from sale of property, plant and equipment	2	131	18
Other investing activities	(2)	0	0
Net cash used in investing activities	(535)	(426)	(422)
CASH (USED IN) / PROVIDED BY FINANCING ACTIVITIES
Dividends paid	(1,266)	(1,207)	0
Repurchase of common stock under share repurchase program	(740)	0	0
Proceeds from stock option exercises	115	96	14
Long-term debt proceeds	0	0	5,963
Net transfers to Mondelēz International	0	0	(7,210)
Other financing activities	25	(60)	(125)
Net cash used in financing activities	(1,866)	(1,171)	(1,358)
Effect of exchange rate changes on cash and cash equivalents	(12)	(15)	0
Cash and cash equivalents:
(Decrease) / increase	(393)	431	1,255
Balance at beginning of period	1,686	1,255	0
Balance at end of period	1,293	1,686	1,255
Cash paid:
Interest	487	481	152
Income taxes	$ 745	$ 799	$ 236

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 27, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Description of Business: Kraft Foods Group, Inc. (“Kraft Foods Group,” “we,” “us,” and “our”) manufactures and markets food and beverage products, including cheese, meats, refreshment beverages, coffee, packaged dinners, refrigerated meals, snack nuts, dressings, and other grocery products, primarily in the United States and Canada. Our product categories span breakfast, lunch, and dinner meal occasions. On October 1, 2012, Mondelēz International, Inc. (“Mondelēz International,” formerly known as Kraft Foods Inc.) created us as an independent public company through a spin-off of its North American grocery business to Mondelēz International’s shareholders (the “Spin-Off”). Mondelēz International distributed 592 million shares of Kraft Foods Group common stock to Mondelēz International’s shareholders. Holders of Mondelēz International common stock received one share of Kraft Foods Group common stock for every three shares of Mondelēz International common stock held on September 19, 2012. Principles of Consolidation: The consolidated financial statements include Kraft Foods Group, as well as our wholly-owned subsidiaries. All intercompany transactions are eliminated. Our period end date for financial reporting purposes is the last Saturday of the fiscal year, which aligns with the financial close dates of our operating segments. Prior to the Spin-Off on October 1, 2012, our financial statements were prepared on a stand-alone basis and were derived from the consolidated financial statements and accounting records of Mondelēz International. Our financial statements included certain expenses of Mondelēz International that were allocated to us for certain functions, including general corporate expenses related to finance, legal, information technology, human resources, compliance, shared services, insurance, employee benefits and incentives, and stock-based compensation. These expenses were allocated in our historical results of operations on the basis of direct usage when identifiable, with the remainder allocated on the basis of revenue, operating income, or headcount. We consider the expense allocation methodology and results to be reasonable for all periods presented. However, these allocations were not necessarily indicative of the actual expenses we would have incurred as an independent public company or of the costs we will incur in the future, and may differ substantially from the allocations we agreed to in the various separation agreements. Use of Estimates: We prepare our consolidated financial statements in accordance with U.S. GAAP, which requires us to make accounting policy elections, estimates, and assumptions that affect a number of amounts in our consolidated financial statements. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements. Cash and Cash Equivalents: Cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. Inventories: Inventories are stated at the lower of cost or market. We value all our inventories using the average cost method. Long-Lived Assets: Property, plant and equipment are stated at historical cost and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods ranging from 3 to 20 years and buildings and improvements over periods up to 40 years . Capitalized software costs are included in property, plant and equipment and amortized on a straight-line basis over the estimated useful lives of the software, which do not exceed seven years . We review long-lived assets for impairment when conditions exist that indicate the carrying amount of the assets may not be fully recoverable. Such conditions include significant adverse changes in the business climate, current-period operating or cash flow losses, significant declines in forecasted operations, or a current expectation that an asset group will be disposed of before the end of its useful life. We perform undiscounted operating cash flow analyses to determine if an impairment exists. When testing for impairment of assets held for use, we group assets and liabilities at the lowest level for which cash flows are separately identifiable. If an impairment is determined to exist, the loss is calculated based on estimated fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal. Goodwill and Intangible Assets : We test goodwill and indefinite-lived intangible assets for impairment at least annually in the fourth quarter or when a triggering event occurs. The first step of the goodwill impairment test compares the reporting unit’s estimated fair value with its carrying value. We estimate a reporting unit’s fair value using planned growth rates, market-based discount rates, estimates of residual value, and estimates of market multiples. If the carrying value of a reporting unit’s net assets exceeds its fair value, the second step would be applied to measure the difference between the carrying value and implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, the goodwill would be considered impaired and would be reduced to its implied fair value. We test indefinite-lived intangible assets for impairment by comparing the fair value of each intangible asset with its carrying value. Fair value of indefinite-lived intangible assets is determined using planned growth rates, market-based discount rates, and estimates of royalty rates. If the carrying value exceeds fair value, the intangible asset would be considered impaired and would be reduced to fair value. Estimating the fair value of individual reporting units or intangible assets requires us to make assumptions and estimates regarding our future plans, as well as industry and economic conditions. These assumptions and estimates include projected revenues and income, interest rates, cost of capital, royalty rate, and tax rates. Insurance and Self-Insurance: We use a combination of insurance and self-insurance for a number of risks, including workers' compensation, general liability, automobile liability, product liability, and our obligation for employee health care benefits. We estimate the liabilities associated with these risks by considering historical claims experience and other actuarial assumptions. Revenue Recognition: We recognize revenues when title and risk of loss pass to our customers. We record revenues net of consumer incentives and trade promotions and include all shipping and handling charges billed to customers. We also record provisions for estimated product returns and customer allowances as reductions to revenues within the same period that the revenue is recognized. We base these estimates principally on historical and current period experience, however, it is reasonably likely that actual experiences will vary from the estimates we make. Marketing and Research and Development: We promote our products with advertising and consumer promotions, consumer incentives, and trade promotions. Consumer incentives and trade promotions include, but are not limited to, discounts, coupons, rebates, in-store display incentives, and volume-based incentives. Consumer incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated as being due to customers and consumers at the end of a period. We base these estimates principally on historical utilization and redemption rates. For interim reporting purposes, we charge advertising and consumer promotion expenses to operations as a percentage of volume, based on estimated volume and related expense for the full year. We review and adjust these estimates each quarter based on actual experience and other information. Advertising expense was $652 million in 2014, $747 million in 2013, and $640 million in 2012. We record marketing expense in selling, general and administrative expense, except for consumer incentives and trade promotions, which are recorded in net revenues. We expense costs as incurred for product research and development within selling, general and administrative expenses. Research and development expense was $149 million in 2014, $142 million in 2013, and $143 million in 2012. The amounts disclosed in prior periods have been revised to exclude market-based impacts to postemployment benefit plans and certain other costs that are not directly associated with our research and development activities. The impacts of these revisions to the disclosure were not material to any prior period. Environmental Costs: We are subject to various laws and regulations in the United States and Canada relating to the protection of the environment. We accrue for environmental remediation obligations on an undiscounted basis when amounts are probable and can be reasonably estimated. The accruals are adjusted based on new information or as circumstances change. We record recoveries of environmental remediation costs from third parties as assets when we believe these amounts are receivable. As of December 27, 2014, we were involved in 56 active proceedings in the United States under the Comprehensive Environmental Response, Compensation and Liability Act (and other similar state actions and legislation) related to our current operations and certain closed, inactive or divested operations for which we retain liability. As of December 27, 2014, we had accrued an amount we deemed appropriate for environmental remediation. Based on information currently available, we believe that the ultimate resolution of existing environmental remediation actions and our compliance in general with environmental laws and regulations will not have a material effect on our financial condition or results from operations. However, we cannot quantify with certainty the potential impact of future compliance efforts and environmental remediation actions. Postemployment Benefit Plans: We provide a range of benefits to our eligible employees and retirees. These include defined benefit pension, postretirement health care, defined contribution, and multiemployer pension and medical benefits. Our pension, postretirement, and other postemployment (collectively, “postemployment”) benefit plans cover most salaried and certain hourly employees. The cost of these plans is charged to expense over the working life of the covered employees. We account for defined benefit costs using a mark-to-market policy. Under this accounting method, we recognize net actuarial gains or losses and changes in the fair value of plan assets in cost of sales and selling, general and administrative expenses immediately upon remeasurement, which is at least annually. Financial Instruments: As we operate primarily in North America but source our commodities on global markets and periodically enter into financing or other arrangements abroad, we use a variety of risk management strategies and financial instruments to manage commodity price, foreign currency exchange rate, and interest rate risks. Our risk management program focuses on the unpredictability of financial markets and seeks to reduce the potentially adverse effects that the volatility of these markets may have on our operating results. One way we do this is through actively hedging our risks through the use of derivative instruments. As a matter of policy, we do not use highly leveraged derivative instruments, nor do we use financial instruments for speculative purposes. Derivatives are recorded on our consolidated balance sheets at fair value, which fluctuates based on changing market conditions. Certain derivatives are designated as cash flow hedges and qualify for hedge accounting treatment, while others do not qualify and are marked to market through earnings. For cash flow hedges, changes in fair value are deferred in accumulated other comprehensive earnings / (losses) within equity until the underlying hedged items are recognized in net earnings. Accordingly, we record deferred cash flow hedge gains or losses in cost of sales when the related inventory is sold and in interest and other expense, net, when the related debt interest expense is recorded. Cash flows from derivative instruments are also classified in the same manner as the underlying hedged items in the consolidated statement of cash flows. For additional information on derivative activity within our operating results, see Note 10, Financial Instruments . To qualify for hedge accounting, a specified level of hedging effectiveness between the hedging instrument and the item being hedged must be achieved at inception and maintained throughout the hedged period. Any hedging ineffectiveness is recognized in net earnings when the change in the value of the hedge does not offset the change in the value of the underlying hedged item. We formally document our risk management objectives, strategies for undertaking the various hedge transactions, the nature of and relationships between the hedging instruments and hedged items, and method for assessing hedge effectiveness. Additionally, for qualified hedges of forecasted transactions, we specifically identify the significant characteristics and expected terms of the forecasted transactions. If it becomes probable that a forecasted transaction will not occur, the hedge will no longer be effective and all of the derivative gains or losses would be recognized in earnings in the current period. Unrealized gains and losses on our derivatives not designated as hedging instruments as well as the ineffective portion of unrealized gains and losses on our derivatives designated as hedging instruments, are recorded in Corporate until realized. Once realized, the gains and losses are recorded within the applicable segment operating results. When we use financial instruments, we are exposed to credit risk that a counterparty might fail to fulfill its performance obligations under the terms of our agreement. We minimize our credit risk by entering into transactions with counterparties with investment grade credit ratings, limiting the amount of exposure we have with each counterparty, and monitoring the financial condition of our counterparties. We also maintain a policy of requiring that all significant, non-exchange traded derivative contracts with a duration of greater than one year be governed by an International Swaps and Derivatives Association master agreement. We are also exposed to market risk as the value of our financial instruments might be adversely affected by a change in foreign currency exchange rates, commodity prices, or interest rates. We manage market risk by incorporating monitoring parameters within our risk management strategy that limit the types of derivative instruments and derivative strategies we use and the degree of market risk that we hedge with derivative instruments. Commodity cash flow hedges – We are exposed to price risk related to forecasted purchases of certain commodities that we primarily use as raw materials. We enter into commodity forward contracts primarily for coffee beans, meat products, sugar, wheat, and dairy products. Commodity forward contracts generally are not subject to the accounting requirements for derivative instruments and hedging activities under the normal purchases exception. We also use commodity futures and options to hedge the price of certain commodity costs, including dairy products, coffee beans, meat products, wheat, corn products, soybean oils, sugar, and natural gas. Some of these derivative instruments are highly effective and qualify for hedge accounting treatment. We also sell commodity futures to unprice future purchase commitments, and we occasionally use related futures to cross-hedge a commodity exposure. Foreign currency cash flow hedges – We use various financial instruments to mitigate our exposure to changes in exchange rates from third-party and intercompany actual and forecasted transactions. These instruments may include forward foreign exchange contracts and foreign currency options. We primarily use these instruments to hedge our exposure to the Canadian dollar. Substantially all of these derivative instruments are highly effective and qualify for hedge accounting treatment. Interest rate cash flow hedges – We use derivative instruments, including interest rate swaps, as part of our interest rate risk management strategy. We primarily use interest rate swaps to hedge the variability of interest payment cash flows on a portion of our future debt obligations. Substantially all of these derivative instruments are highly effective and qualify for hedge accounting treatment. Income Taxes: We recognize income taxes based on amounts refundable or payable for the current year and record deferred tax assets or liabilities for any difference between U.S. GAAP accounting and tax reporting. We also recognize deferred tax assets for temporary differences, operating loss carryforwards, and tax credit carryforwards. Inherent in determining our annual tax rate are judgments regarding business plans, planning opportunities, and expectations about future outcomes. Realization of certain deferred tax assets, primarily net operating loss and other carryforwards, is dependent upon generating sufficient taxable income in the appropriate jurisdiction prior to the expiration of the carryforward periods. See Note 12, Income Taxes , for additional information. We apply a more-likely-than-not threshold to the recognition and derecognition of uncertain tax positions. Accordingly, we recognize the amount of tax benefit that has a greater than 50 percent likelihood of being ultimately realized upon settlement. Future changes in judgment related to the expected ultimate resolution of uncertain tax positions will affect earnings in the quarter of such change. New Accounting Pronouncements: In April 2014, the Financial Accounting Standards Board (the "FASB") issued an accounting standard update ("ASU") that modified the criteria for reporting the disposal of a component of an entity as discontinued operations. In addition, the ASU requires additional disclosures about discontinued operations. The ASU will be effective for all disposals of components of an entity that occur during our fiscal year 2015 and thereafter. We do not expect the adoption of this guidance to have a material impact on our financial statements and related disclosures. In May 2014, the FASB issued an ASU that supersedes existing revenue recognition guidance. Under the new ASU, an entity will apply a principles-based five step model to recognize revenue upon the transfer of promised goods or services to customers and in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. The ASU will be effective beginning in the first quarter of our fiscal year 2017. Early adoption is not permitted. We are currently evaluating the impact that this ASU will have on our financial statements and related disclosures.

Inventories

Inventories	12 Months Ended
	Dec. 27, 2014
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at December 27, 2014 and December 28, 2013 were: December 27, December 28, (in millions) Raw materials $ 481 $ 453 Work in process 296 294 Finished product 998 869 Inventories $ 1,775 $ 1,616

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 27, 2014
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment at December 27, 2014 and December 28, 2013 were: December 27, December 28, (in millions) Land $ 79 $ 72 Buildings and improvements 1,881 1,806 Machinery and equipment 5,619 5,584 Construction in progress 464 360 8,043 7,822 Accumulated depreciation (3,851 ) (3,707 ) Property, plant and equipment, net $ 4,192 $ 4,115 In 2013, we sold and leased back two of our headquarters facilities for a loss of approximately $36 million . We received net proceeds of $101 million in connection with the sales.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 27, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill by reportable segment at December 27, 2014 and December 28, 2013 was: December 27, December 28, (in millions) Cheese $ 3,000 $ 3,000 Beverages & Snack Nuts 2,460 2,460 Refrigerated Meals 985 985 Meal Solutions 3,046 3,046 International 1,061 1,151 Other Businesses 852 863 Goodwill $ 11,404 $ 11,505 The change in Goodwill during 2014 of $101 million reflects the impact of foreign currency. Intangible assets consist primarily of indefinite-lived trademarks. Amortizing intangible assets were insignificant in both periods presented. We test goodwill and indefinite-lived intangible assets for impairment at least annually in the fourth quarter or when a triggering event occurs. There were no impairments of goodwill or intangible assets in 2014, 2013, or 2012. During our annual 2014 indefinite-lived intangible asset impairment test, we noted that a $958 million trademark and a $261 million trademark within Meal Solutions had excess fair values over their carrying values of less than 20% . While these trademarks passed the 2014 impairment test, if our projections of future operating income were to decline, or if valuation factors outside of our control, such as discount rates, change unfavorably, the estimated fair value of one or both of these trademarks could be adversely affected, leading to a potential impairment in the future.

Cost Savings Initiatives

Cost Savings Initiatives	12 Months Ended
	Dec. 27, 2014
Restructuring and Related Activities [Abstract]
Cost Savings Initiatives	Cost Savings Initiatives Cost savings initiatives are related to reorganization activities including severance, asset disposals, and other activities. Included within cost savings initiatives are activities related to the previously disclosed multi-year restructuring program (the "Restructuring Program"), which we completed as of December 27, 2014. Total Cost Savings Initiatives Expenses: We recorded expenses related to our cost savings initiatives in the consolidated financial statements as follows: For the Years Ended December 27, December 28, December 29, (in millions) Restructuring costs - Asset impairment and exit costs $ (1 ) $ 108 $ 141 Implementation costs - Cost of sales 12 77 97 Implementation costs - Selling, general and administrative expenses — 65 34 Spin-Off transition costs - Selling, general and administrative expenses 4 32 31 Other cost savings initiatives expenses - Cost of sales 49 — — Other cost savings initiatives expenses - Selling, general and administrative expenses 43 8 — $ 107 $ 290 $ 303 Cost savings initiatives expenses are not included in the results of our reportable segments for management or segment reporting. However, the following table summarizes the total cost savings initiatives expenses related to our reportable segments: For the Year Ended December 27, 2014 Restructuring Program Restructuring Implementation Spin-Off Other Cost Savings Initiatives Expenses Total (in millions) Cheese $ 1 $ 6 $ — $ 12 $ 19 Beverages & Snack Nuts (2 ) 1 — 6 5 Refrigerated Meals — 2 — 29 31 Meal Solutions — 2 — 39 41 International — 1 — 2 3 Other Businesses — — — 3 3 Corporate expenses — — 4 1 5 Total $ (1 ) $ 12 $ 4 $ 92 $ 107 For the Year Ended December 28, 2013 Restructuring Program Restructuring Implementation Spin-Off Other Cost Savings Initiatives Expenses Total (in millions) Cheese $ 26 $ 62 $ — $ — $ 88 Beverages & Snack Nuts 24 27 — — 51 Refrigerated Meals 18 17 — — 35 Meal Solutions 21 19 — — 40 International 10 7 — — 17 Other Businesses 9 10 — — 19 Corporate expenses — — 32 8 40 Total $ 108 $ 142 $ 32 $ 8 $ 290 For the Year Ended December 29, 2012 Restructuring Program Restructuring Implementation Spin-Off Other Cost Savings Initiatives Expenses Total (in millions) Cheese $ 26 $ 72 $ — $ — $ 98 Beverages & Snack Nuts 52 22 — — 74 Refrigerated Meals 19 11 — — 30 Meal Solutions 24 14 — — 38 International 9 5 — — 14 Other Businesses 11 7 — — 18 Corporate expenses — — 31 — 31 Total $ 141 $ 131 $ 31 $ — $ 303 Restructuring Program: Our Restructuring Program included the following: • Restructuring costs that qualified for special accounting treatment as exit or disposal activities. • Implementation costs that were directly attributable to the Restructuring Program, but did not qualify for special accounting treatment as exit or disposal activities. These costs primarily related to reorganization costs associated with our sales function, our information systems infrastructure, and accelerated depreciation on assets. • Transition costs related to the Spin-Off. The Spin-Off transition costs consisted mostly of professional service fees within our finance, legal, and information systems functions. At December 27, 2014, we incurred Restructuring Program costs of $600 million since the inception of the Restructuring Program. We spent $291 million in cash. We spent cash related to our Restructuring Program of $30 million in 2014, $150 million in 2013, and $111 million in 2012. We did not incur any non-cash costs in 2014. We incurred non-cash costs of $157 million in 2013 and $151 million in 2012. Restructuring Costs Liability: At December 27, 2014, the restructuring costs liability balance within other current liabilities was as follows: Severance (in millions) Liability balance, December 28, 2013 $ 19 Restructuring costs (1 ) Cash spent on restructuring costs (12 ) Foreign exchange (1 ) Liability balance, December 27, 2014 $ 5

Debt

Debt	12 Months Ended
	Dec. 27, 2014
Debt Disclosure [Abstract]
Debt	Debt Borrowing Arrangements: On May 29, 2014, we entered into a new $3.0 billion five-year senior unsecured revolving credit facility that expires on May 29, 2019 unless extended. The credit facility enables us to borrow up to $3.0 billion , which may be increased by up to $1.0 billion in the aggregate with the agreement of the lenders providing any increased commitments. All committed borrowings under the facility bear interest at a variable annual rate based on the London Inter-Bank Offered Rate or a defined base rate, at our election, plus an applicable margin based on the ratings of our long-term senior unsecured indebtedness. The credit facility requires us to maintain a minimum total shareholders’ equity (excluding accumulated other comprehensive income or losses and any income or losses recognized in connection with “mark-to-market” accounting in respect of pension and other retirement plans) of at least $2.4 billion and also contains customary representations, covenants, and events of default. At December 27, 2014 and for the year ended December 27, 2014, no amounts were drawn on this credit facility. The credit facility replaced our $3.0 billion five-year credit agreement dated as of May 18, 2012. Long-Term Debt: Our long-term debt consists of the following at December 27, 2014 and December 28, 2013: December 27, December 28, Maturity Date Fixed Interest Rate Payment Period (in millions) Senior unsecured notes $ 1,000 $ 1,000 June 4, 2015 1.625 % Semiannually Senior unsecured notes 400 400 June 15, 2015 7.550 % Semiannually Senior unsecured notes 1,000 1,000 June 5, 2017 2.250 % Semiannually Senior unsecured notes 1,035 1,035 August 23, 2018 6.125 % Semiannually Senior unsecured notes 900 900 February 10, 2020 5.375 % Semiannually Senior unsecured notes 2,000 2,000 June 6, 2022 3.500 % Semiannually Senior unsecured notes 878 878 January 26, 2039 6.875 % Semiannually Senior unsecured notes 787 787 February 9, 2040 6.500 % Semiannually Senior unsecured notes 2,000 2,000 June 4, 2042 5.000 % Semiannually Capital lease obligations 30 31 Other 2 (51 ) Total debt 10,032 9,980 Current portion of long-term debt (1,405 ) (4 ) Total long-term debt $ 8,627 $ 9,976 At December 27, 2014, aggregate maturities of our long-term debt were (in millions): 2015 $ 1,406 2016 6 2017 1,006 2018 1,039 2019 3 Thereafter 6,616 Our long-term debt contains customary representations, covenants, and events of default. We were in compliance with all covenants at December 27, 2014. Fair Value of Our Debt: At December 27, 2014, the aggregate fair value of our total debt was $11.0 billion as compared with the carrying value of $10.0 billion . We determined the fair value of our long-term debt using Level 1 quoted prices in active markets for the publicly traded debt obligations. Interest and Other Expense, Net: Interest and other expense, net was $484 million in 2014, $501 million in 2013, and $258 million in 2012. Other expense within interest and other expense, net was insignificant for all periods presented.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 27, 2014
Equity [Abstract]
Capital Stock Disclosure	Capital Stock Our Amended and Restated Articles of Incorporation authorize the issuance of up to 5.0 billion shares of common stock and 500 million shares of preferred stock. Shares of common stock issued, in treasury and outstanding were: Shares Treasury Shares Consummation of Spin-Off on October 1, 2012 592,257,298 — 592,257,298 Exercise of stock options, issuance of other stock awards and other 526,398 (19,988 ) 506,410 Balance at December 29, 2012 592,783,696 (19,988 ) 592,763,708 Exercise of stock options, issuance of other stock awards and other 4,059,753 (589,011 ) 3,470,742 Balance at December 28, 2013 596,843,449 (608,999 ) 596,234,450 Shares of common stock repurchased — (13,073,863 ) (13,073,863 ) Exercise of stock options, issuance of other stock awards and other 4,559,367 (388,010 ) 4,171,357 Balance at December 27, 2014 601,402,816 (14,070,872 ) 587,331,944 At December 27, 2014, we had approximately 0.3 million shares of restricted stock outstanding that were issued to current and former employees. There were no preferred shares issued or outstanding at December 27, 2014, December 28, 2013 or December 29, 2012. On December 17, 2013, our Board of Directors authorized a $3.0 billion share repurchase program with no expiration date. Under the share repurchase program, we are authorized to repurchase shares of our common stock in the open market or in privately negotiated transactions. The timing and amount of share repurchases are subject to management's evaluation of market conditions, applicable legal requirements, and other factors. We are not obligated to repurchase any shares of our common stock and may suspend the program at our discretion. In 2014, we repurchased approximately 13.1 million shares in the aggregate for approximately $746 million under this program. Approximately $6 million of the $746 million was accrued at December 27, 2014 and settled in the subsequent month. No shares were repurchased under this program in 2013.

Stock Plans

Stock Plans	12 Months Ended
	Dec. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Plans	Stock Plans Under the Kraft Foods Group, Inc. 2012 Performance Incentive Plan (the "2012 Plan"), we may grant eligible employees awards of stock options, stock appreciation rights, restricted stock, and restricted stock units (“RSUs”) as well as performance based long-term incentive awards (“Performance Shares”). In addition, we may grant shares of our common stock to members of the Board of Directors who are not our full-time employees under the 2012 Plan. We are authorized to issue a maximum of 72.0 million shares of our common stock under the 2012 Plan. Stock options and stock appreciation rights granted under the plan reduce the authorized shares available for issue at a ratio of one share per award granted. All other awards granted, such as restricted stock, RSUs, and Performance Shares, reduce the authorized shares available for issue at a ratio of three shares per award granted. At December 27, 2014, there were 32,293,456 shares available to be granted under the 2012 Plan. All stock awards are issued to employees from authorized shares of common stock. Stock Options: Stock options are granted with an exercise price equal to the market value of the underlying stock on the grant date, generally become exercisable in three annual installments beginning on the first anniversary of the grant date, and have a maximum term of ten years . We account for our employee stock options under the fair value method of accounting using a modified Black-Scholes methodology to measure stock option expense at the grant date. The grant date fair value is amortized to expense over the vesting period. We recorded compensation expense related to stock options of $18 million in 2014, $18 million in 2013, and $5 million in 2012 subsequent to the Spin-Off. The deferred tax benefit recorded related to this compensation expense was $6 million in 2014, $6 million in 2013, and $2 million in 2012. The unamortized compensation expense related to our outstanding stock options was $15 million at December 27, 2014 and is expected to be recognized over a weighted average period of two years . Our weighted average Black-Scholes fair value assumptions were as follows: Risk-Free Expected Life Expected Expected Grant Date Kraft Foods Group grants 2014 1.84 % 6 years 19.33 % 3.57 % $ 6.16 2013 1.04 % 6 years 19.40 % 4.26 % $ 4.41 Mondelēz International grants 2012 1.16 % 6 years 20.13 % 3.08 % $ 4.78 The risk-free interest rate represents the constant maturity U.S. government treasuries rate with a remaining term equal to the expected life of the options. The expected life is the period over which our employees are expected to hold their options. Due to the lack of historical data, we use the Safe Harbor method which uses the weighted average vesting period and the contractual term of the options to calculate the expected life. Volatility reflects a blended approach which uses historical movements in our stock price and in our peer group for a period commensurate with the expected life of the options. Dividend yield is estimated over the expected life of the options based on our stated dividend policy. The stock option awards granted in 2012 were prior to the Spin-Off. Therefore, we estimated the value of those awards based on Mondelēz International’s share price and assumptions. A summary of stock option activity related to our shares for both our and Mondelēz International employees for the year ended December 27, 2014 is presented below. Stock option activity for the year ended December 27, 2014 was: Options Outstanding Weighted Average Aggregate Balance at December 28, 2013 16,320,655 $ 35.26 Options granted 2,601,423 55.26 Options exercised (3,610,773 ) 32.08 Options canceled (441,139 ) 44.39 Balance at December 27, 2014 14,870,166 39.26 7 years $ 367 million Exercisable at December 27, 2014 9,666,165 34.02 6 years $ 289 million All awards granted prior to the Spin-Off have been adjusted to reflect the conversion as of the Spin-Off. With respect to the Mondelēz International stock options granted prior to the Spin-Off, the converted options retained the vesting schedule and expiration date of the original stock options. The total intrinsic value of our stock options exercised was $93 million in 2014, $69 million in 2013, and $8 million in 2012 subsequent to the Spin-Off. Cash received from options exercised was $115 million in 2014, $96 million in 2013, and $15 million in 2012. The incremental tax benefit realized for the tax deductions from the option exercises totaled $22 million in 2014, $20 million in 2013, and $1 million in 2012. Restricted Stock, RSUs, and Performance Shares: We may grant shares of restricted stock or RSUs to eligible employees and directors, giving them, in most instances, all of the rights of shareholders, except that they may not sell, assign, pledge, or otherwise encumber the shares. Shares of restricted stock and RSUs granted to employees are subject to forfeiture if certain employment conditions are not met. Restricted stock and RSUs generally vest on the third anniversary of the grant date. Performance Shares vest based on varying performance, market, and service conditions. Our Performance Shares pay accrued dividends at the time of vesting. Shares granted in connection with Mondelēz International’s long-term incentive plan prior to the Spin-Off do not pay dividends. The unvested shares have no voting rights. The grant date fair value of the restricted stock, RSUs, and Performance Shares is amortized to earnings over the restriction period. We recorded compensation expense related to restricted stock, RSUs, and Performance Shares of $77 million in 2014, $47 million in 2013, and $11 million in 2012 subsequent to the Spin-Off. The deferred tax benefit recorded related to this compensation expense was $28 million in 2014, $17 million in 2013, and $4 million in 2012. The unamortized compensation expense related to our restricted stock, RSUs, and Performance Shares was $97 million at December 27, 2014 and is expected to be recognized over a weighted average period of two years . Our restricted stock, RSU, and Performance Share activity for the year ended December 27, 2014 was: Number Weighted Average Balance at December 28, 2013 4,149,797 $ 44.99 Granted 1,697,965 57.49 Vested (1,424,627 ) 36.49 Forfeited (365,483 ) 51.52 Balance at December 27, 2014 4,057,652 52.62 In February 2014, as part of our equity compensation program: • We granted 0.5 million RSUs with a grant date fair value of $55.17 per share. • We granted 0.8 million Performance Shares with a grant date fair value of $59.97 per share. These awards measure performance over a multi-year period, during which the employee may earn shares based on internal financial metrics and the performance of our stock relative to a defined peer group. We measured the grant date fair value using the Monte Carlo simulation model, which assists in estimating the probability of achieving the market conditions stipulated in the award grant. • We granted 0.1 million additional Performance Shares with a weighted average grant date fair value of $34.37 per share (based on the original 2011 award date), which vested immediately. We granted these shares based on the final business performance rating for the 2011-2013 award cycle. These shares were adjusted and converted into new equity awards using a formula designed to preserve the value of the awards immediately prior to the Spin-Off. Also during 2014, we granted 0.3 million off-cycle RSUs and Performance Shares with a weighted average grant date fair value per share of $56.80 . During 2014, 1.4 million shares of restricted stock, RSUs, and Performance Shares vested with an aggregate fair value of $79 million . Prior to the Spin-Off, our employees participated in various Mondelēz International stock-based compensation plans. As such, we were allocated stock-based compensation expense of $39 million in 2012 associated with these plans. In connection with the Spin-Off, we were required to reimburse Mondelēz International for their stock awards that were granted to our employees, and Mondelēz International was required to reimburse us for our stock awards that were granted to their employees. We settled the net amount we owed for this reimbursement of $55 million in March 2013.

Postemployment Benefit Plans

Postemployment Benefit Plans	12 Months Ended
	Dec. 27, 2014
Compensation and Retirement Disclosure [Abstract]
Postemployment Benefit Plans	Postemployment Benefit Plans We provide a range of benefits to our employees and retirees. These include pension benefits, postretirement health care benefits, and other postemployment benefits, as follows: • Pension benefits – We provide pension coverage to certain U.S. and non-U.S. employees through separate plans. Local statutory requirements govern many of these plans. Salaried and non-union hourly employees hired prior to 2009 in the U.S. and 2011 in Canada are eligible to participate in our pension plans. We will freeze U.S. pension plans for U.S. salaried and non-union hourly employees who are currently earning pension benefits as of December 31, 2019 and non-U.S. pension plans for non-U.S. salaried and non-union hourly employees who are currently earning pension benefits as of December 31, 2023. We will calculate the pension benefits using the continuing pay and service through December 31, 2019 for the U.S. plans and December 31, 2023 for the non-U.S. plans. The pension benefits of our unionized workers are in accordance with the applicable collective bargaining agreement covering their employment. • Postretirement benefits – Our U.S. and Canadian subsidiaries provide health care and other postretirement benefits to most retirees. U.S. salaried and non-union hourly employees hired prior to 2004 and non-U.S. salaried and non-union hourly employees hired prior to 2007 are eligible to participate in our U.S. postretirement benefit plans. The postretirement benefits of our unionized workers are in accordance with the applicable collective bargaining agreement covering their employment. • Other postemployment benefits – Our other postemployment benefits consist primarily of severance. These plans cover most salaried and certain hourly employees, and their cost is charged to expense over the working life of the covered employees. Pension Plans Obligations and Funded Status: The projected benefit obligations, plan assets, and funded status of our pension plans at December 27, 2014 and December 28, 2013 were: U.S. Plans Non-U.S. Plans December 27, December 28, December 27, December 28, (in millions) Benefit obligation at beginning of year $ 5,978 $ 7,130 $ 1,267 $ 1,418 Service cost 84 100 14 21 Interest cost 287 287 55 55 Benefits paid (518 ) (316 ) (80 ) (79 ) Actuarial losses / (gains) 1,160 (778 ) 153 (47 ) Plan amendments 16 9 — — Currency — — (101 ) (98 ) Settlements (13 ) (512 ) — — Curtailments — (3 ) — (9 ) Special termination benefits — 61 — 1 Other — — 4 5 Benefit obligation at end of year 6,994 5,978 1,312 1,267 Fair value of plan assets at beginning of year 5,721 5,460 1,253 1,089 Actual return on plan assets 629 654 194 144 Contributions 145 435 16 181 Benefits paid (518 ) (316 ) (80 ) (79 ) Currency — — (101 ) (82 ) Settlements (13 ) (512 ) — — Fair value of plan assets at end of year 5,964 5,721 1,282 1,253 Net pension liability recognized at end of year $ (1,030 ) $ (257 ) $ (30 ) $ (14 ) The accumulated benefit obligation, which represents benefits earned to the measurement date, was $6,777 million at December 27, 2014 and $5,781 million at December 28, 2013 for the U.S. pension plans. The accumulated benefit obligation for the non-U.S. pension plans was $1,231 million at December 27, 2014 and $1,191 million at December 28, 2013. The combined U.S. and non-U.S. pension plans resulted in a net pension liability of $1,060 million at December 27, 2014 and $271 million at December 28, 2013. We recognized these amounts in our consolidated balance sheets at December 27, 2014 and December 28, 2013 as follows: December 27, December 28, (in millions) Other assets $ 64 $ 162 Other current liabilities (19 ) (28 ) Accrued pension costs (1,105 ) (405 ) $ (1,060 ) $ (271 ) Certain of our U.S. and non-U.S. plans are underfunded based on accumulated benefit obligations in excess of plan assets. For these plans, the projected benefit obligations, accumulated benefit obligations, and the fair value of plan assets at December 27, 2014 and December 28, 2013 were: U.S. Plans Non-U.S. Plans December 27, 2014 December 28, 2013 December 27, 2014 December 28, 2013 (in millions) Projected benefit obligation $ 6,994 $ 203 $ 55 $ 52 Accumulated benefit obligation 6,777 186 50 44 Fair value of plan assets 5,964 17 — — We used the following weighted average assumptions to determine our benefit obligations under the pension plans at December 27, 2014 and December 28, 2013: U.S. Plans Non-U.S. Plans December 27, 2014 December 28, 2013 December 27, 2014 December 28, 2013 Discount rate 4.17 % 4.94 % 3.87 % 4.56 % Rate of compensation increase 4.00 % 4.00 % 3.00 % 3.00 % Components of Net Pension Cost / (Benefit): Net pension cost / (benefit) consisted of the following for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: U.S. Plans Non-U.S. Plans For the Years Ended For the Years Ended December 27, December 28, December 29, December 27, December 28, December 29, (in millions) Service cost $ 84 $ 100 $ 32 $ 14 $ 21 $ 12 Interest cost 287 287 70 55 55 32 Expected return on plan assets (325 ) (315 ) (105 ) (60 ) (57 ) (43 ) Actuarial losses / (gains) 783 (1,154 ) (41 ) 12 (128 ) 28 Amortization of prior service costs 5 4 1 — — — Settlements 2 69 — — — — Curtailments 3 (3 ) — — (9 ) — Special termination benefits — 61 — — 1 — Net pension cost / (benefit) $ 839 $ (951 ) $ (43 ) $ 21 $ (117 ) $ 29 We remeasure all of our postemployment benefit plans at least annually at the end of our fiscal year. We define the costs or benefits resulting from the change in discount rates, the difference between our estimated and actual return on plan assets, and other assumption changes driven by changes in the law or other external factors as market-based impacts from postemployment benefit plans. Market-based impacts are included in actuarial losses / (gains) and in settlements in the table above. We disclose market-based impacts separately in order to provide additional transparency of our operating results. The remeasurement as of December 27, 2014, resulted in an aggregate expense from market-based impacts of $784 million primarily driven by a 75 basis point weighted average decrease in the discount rate and a $429 million impact from the adoption of the new Society of Actuaries RP-2014 mortality tables, partially offset by excess asset returns. We recorded $477 million of the expense from market-based impacts in cost of sales and $307 million in selling, general and administrative expenses in accordance with our policy for allocating employee costs. The remeasurement as of December 28, 2013, resulted in an aggregate benefit from market-based impacts of $1,268 million primarily driven by an 80 basis point weighted average increase in the discount rate and excess asset returns. We recorded $707 million of the benefit from market-based impacts in cost of sales and $561 million in selling, general and administrative expenses. The annual remeasurement resulted in a benefit from market-based impacts of $29 million as of December 29, 2012. In addition, as a result of the December 28, 2013 remeasurement, we capitalized an aggregate benefit of $34 million from market-based impacts related to our pension plans into inventory consistent with our capitalization policy. During 2014, the entire benefit previously capitalized was recognized in cost of sales. At December 27, 2014, we capitalized an aggregate expense of $41 million from market-based impacts into inventory. Net pension costs included settlement losses of $69 million in 2013 related to retiring employees who elected lump-sum payments. Net pension costs also included special termination benefits associated with our voluntary early retirement program of $62 million in 2013, which were included in our Restructuring Program. As of December 27, 2014, we expected to amortize an estimated $7 million of prior service costs from accumulated other comprehensive earnings / (losses) into net periodic pension cost for the combined U.S. and non-U.S. pension plans during 2015. We used the following weighted average assumptions to determine our net pension cost for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: U.S. Plans Non-U.S. Plans December 27, December 28, December 29, December 27, December 28, December 29, Discount rate 4.86 % 4.34 % 3.85 % 4.56 % 4.00 % 4.03 % Expected rate of return on plan assets 5.75 % 5.75 % 8.00 % 5.00 % 5.00 % 7.04 % Rate of compensation increase 4.00 % 4.00 % 4.00 % 3.00 % 3.00 % 3.00 % Year-end discount rates for our U.S. and non-U.S. plans were developed from a model portfolio of high quality, fixed-income debt instruments with durations that match the expected future cash flows of the benefit obligations. We determine our expected rate of return on plan assets from the plan assets’ historical long-term investment performance, current and future asset allocation, and estimates of future long-term returns by asset class. Plan Assets: The fair value of pension plan assets at December 27, 2014 was determined using the following fair value measurements: Asset Category Total Fair Value Quoted Prices Significant Significant (in millions) Non-U.S. equity securities $ 544 $ 526 $ 18 $ — Pooled funds equity securities 2,694 6 2,688 — Total equity securities 3,238 532 2,706 — Government bonds 776 625 151 — Pooled funds fixed-income securities 876 — 876 — Corporate bonds and other fixed-income securities 2,061 — 2,061 — Total fixed-income securities 3,713 625 3,088 — Real estate 235 — — 235 Certain insurance contracts 53 — — 53 Other 7 7 — — Total $ 7,246 $ 1,164 $ 5,794 $ 288 The fair value of pension plan assets at December 28, 2013 was determined using the following fair value measurements: Asset Category Total Fair Value Quoted Prices Significant Significant (in millions) Non-U.S. equity securities $ 645 $ 645 $ — $ — Pooled funds equity securities 3,123 6 3,117 — Total equity securities 3,768 651 3,117 — Government bonds 719 621 98 — Pooled funds fixed-income securities 642 — 642 — Corporate bonds and other fixed-income securities 1,566 1 1,565 — Total fixed-income securities 2,927 622 2,305 — Real estate 214 — — 214 Certain insurance contracts 57 — — 57 Other 8 8 — — Total $ 6,974 $ 1,281 $ 5,422 $ 271 Fair value measurements: • Level 1 – includes primarily non-U.S. equity securities and certain government bonds valued using quoted prices in active markets. • Level 2 – includes primarily pooled funds valued using net asset values of participation units held in common collective trusts, as reported by the managers of the trusts and as supported by the unit prices of actual purchase and sale transactions. Level 2 plan assets also include corporate bonds and other fixed-income securities, valued using independent observable market inputs, such as matrix pricing, yield curves, and indices. • Level 3 – includes primarily real estate and certain insurance contracts valued using unobservable inputs that reflect the plans’ assumptions that market participants would use in pricing the assets, based on the best information available. Fair value estimates for real estate investments are calculated using the present value of future cash flows expected to be received from the investments, based on valuation methodologies such as appraisals, local market conditions, and current and projected operating performance. Fair value estimates for certain insurance contracts are reported at contract value. Changes in our Level 3 plan assets, which are recorded in operations, for the year ended December 27, 2014 included: Asset Category December 28, Net Realized Net Purchases, Net Transfers December 27, (in millions) Real estate $ 214 $ 22 $ (1 ) $ — $ 235 Certain insurance contracts 57 1 (5 ) — 53 Total Level 3 investments $ 271 $ 23 $ (6 ) $ — $ 288 Changes in our Level 3 plan assets, which are recorded in operations, for the year ended December 28, 2013 included: Asset Category December 29, Net Realized Net Purchases, Net Transfers December 28, (in millions) Corporate bonds and other fixed-income securities $ 7 $ — $ (2 ) $ (5 ) $ — Real estate 186 27 1 — 214 Certain insurance contracts 66 4 (13 ) — 57 Total Level 3 investments $ 259 $ 31 $ (14 ) $ (5 ) $ 271 The percentage of fair value of pension plan assets at December 27, 2014 and December 28, 2013 was: U.S. Plans Non-U.S. Plans Asset Category December 27, December 28, December 27, December 28, Equity securities 44 % 52 % 48 % 61 % Fixed-income securities 51 % 43 % 51 % 38 % Real estate 4 % 4 % — % — % Certain insurance contracts and other 1 % 1 % 1 % 1 % Total 100 % 100 % 100 % 100 % During 2013, we began a new liability-driven investment strategy for pension assets. This strategy, which will be phased in over time, better aligns our pension assets with the projected benefit obligation to reduce volatility by targeting an investment of approximately 80% of our U.S. plan assets in fixed-income securities and approximately 20% in equity securities. The strategy uses actively managed and indexed U.S. investment grade fixed-income securities (which constitute 97% or more of fixed-income securities) with lesser allocations to high yield fixed-income securities, indexed U.S. equity securities, and actively managed and indexed international equity securities. For pension plans outside the U.S., the investment strategy is subject to local regulations and the asset / liability profiles of the plans in each individual country. In aggregate, the long-term asset allocation targets of our non-U.S. plans are broadly characterized as a mix of 70% fixed-income securities and 30% equity securities. We attempt to maintain our target asset allocation by rebalancing between asset classes as we make contributions and monthly benefit payments. Employer Contributions: We estimate that 2015 pension contributions will be approximately $170 million to our U.S. plans and approximately $25 million to our non-U.S. plans. Our actual contributions may differ due to many factors, including changes in tax, employee benefit, or other laws, tax deductibility, significant differences between expected and actual pension asset performance or interest rates, or other factors. In 2014, we contributed $145 million to our U.S. pension plans and $12 million to our non-U.S. pension plans. In addition, employees contributed $4 million in 2014 to our non-U.S. plans and $5 million in 2013. Future Benefit Payments: The estimated future benefit payments from our pension plans at December 27, 2014 were: U.S. Plans Non-U.S. Plans (in millions) 2015 $ 401 $ 66 2016 407 66 2017 418 66 2018 426 66 2019 434 67 2020-2024 2,268 355 Other Costs: We sponsor and contribute to employee savings plans that cover eligible salaried, non-union, and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense for defined contribution plans totaled $70 million in 2014, $61 million in 2013, and $12 million in 2012 subsequent to the Spin-Off. Postretirement Benefit Plans Obligations: Our postretirement health care plans are not funded. The changes in and the amount of the accrued benefit obligations at December 27, 2014 and December 28, 2013 were: December 27, December 28, (in millions) Accrued benefit obligations at beginning of year $ 3,277 $ 3,738 Service cost 26 35 Interest cost 148 143 Benefits paid (190 ) (188 ) Actuarial losses / (gains) 418 (403 ) Plan amendments (75 ) (40 ) Currency (14 ) (14 ) Special termination benefits — 6 Other 1 — Accrued benefit obligations at end of year $ 3,591 $ 3,277 We used the following weighted average assumptions to determine our postretirement benefit obligations at December 27, 2014 and December 28, 2013: December 27, December 28, Discount rate 4.08 % 4.69 % Health care cost trend rate assumed for next year 6.91 % 7.28 % Ultimate trend rate 5.00 % 5.03 % Year that the rate reaches the ultimate trend rate 2023 2023 Year-end discount rates for our U.S. and non-U.S. plans were developed from a model portfolio of high-quality, fixed-income debt instruments with durations that match the expected future cash flows of the benefit obligations. Our expected health care cost trend rate is based on historical costs. Assumed health care cost trend rates have a significant impact on the amounts reported for the health care plans. A one-percentage-point change in assumed health care cost trend rates would have the following effects as of December 27, 2014: One-Percentage-Point Increase Decrease (in millions) Effect on annual service and interest cost $ 25 $ (20 ) Effect on postretirement benefit obligation 433 (355 ) Components of Net Postretirement Health Care Cost / (Benefit): Net postretirement health care cost / (benefit) consisted of the following for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: For the Years Ended December 27, December 28, December 29, (in millions) Service cost $ 26 $ 35 $ 8 Interest cost 148 143 32 Actuarial losses / (gains) 370 (376 ) 188 Amortization of prior service credits (28 ) (26 ) (7 ) Special termination benefits — 5 — Net postretirement health care cost / (benefit) $ 516 $ (219 ) $ 221 As a result of the 2014 annual remeasurement of our postretirement health care plans, we recorded an expense from market-based impacts of $556 million as of December 27, 2014, primarily driven by a 60 basis point weighted average decrease in the discount rate and a $328 million impact from the adoption of the new Society of Actuaries RP-2014 mortality tables. We recorded $424 million of the expense from market-based impacts in cost of sales and $132 million in selling, general and administrative expenses in accordance with our policy for allocating employee costs. Market-based impacts are included in actuarial losses / (gains) in the table above. As a result of the 2013 annual remeasurement of our postretirement health care plans, we recorded a benefit from market-based impacts of $292 million as of December 28, 2013, primarily driven by an 80 basis point weighted average increase in the discount rate. We recorded expense from market-based impacts of $250 million as of December 29, 2012. In addition, as a result of the 2013 annual remeasurement, we recorded a benefit from market-based impacts of $15 million into inventory as of December 28, 2013 consistent with our capitalization policy. During 2014, the entire benefit previously capitalized was recognized in cost of sales. At December 27, 2014, we capitalized an aggregate expense of $36 million from market-based impacts into inventory. The special termination benefits were associated with our voluntary early retirement program in 2013. As of December 27, 2014, we expected to amortize an estimated $33 million of prior service credits from accumulated other comprehensive earnings / (losses) into net postretirement health care costs during 2015. We used the following weighted average assumptions to determine our net postretirement health care cost for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: December 27, December 28, December 29, Discount rate 4.69 % 3.89 % 3.61 % Health care cost trend rate 7.28 % 7.53 % 7.06 % Future Benefit Payments: Our estimated future benefit payments for our postretirement health care plans at December 27, 2014 were: (in millions) 2015 $ 196 2016 196 2017 198 2018 199 2019 201 2020-2024 1,019 Other Postemployment Benefit Plans Obligations: Our other postemployment plans are generally not funded. The changes in and the amount of the accrued benefit obligation at December 27, 2014 and December 28, 2013 were: December 27, December 28, (in millions) Accrued benefit obligation at beginning of year $ 55 $ 63 Service cost 2 2 Interest cost 2 2 Benefits paid (10 ) (6 ) Actuarial losses / (gains) 19 (2 ) Other (4 ) (4 ) Accrued benefit obligation at end of year $ 64 $ 55 We used the following weighted average assumptions to determine our other postemployment benefit obligations at December 27, 2014 and December 28, 2013: December 27, December 28, Discount rate 2.86 % 3.10 % Assumed ultimate annual turnover rate 0.50 % 0.50 % Rate of compensation increase 4.00 % 4.00 % Other postemployment costs arising from actions that offer employees benefits in excess of those specified in the respective plans are charged to expense when incurred. Components of Net Other Postemployment Cost: Net other postemployment cost consisted of the following for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: For the Years Ended December 27, December 28, December 29, Service cost $ 2 $ 2 $ 4 Interest cost 2 2 2 Actuarial losses / (gains) 14 (2 ) 1 Other 5 (1 ) — Net other postemployment cost $ 23 $ 1 $ 7 As of December 27, 2014, we did not expect to amortize any prior service costs / (credits) for the other postemployment benefit plans from accumulated other comprehensive earnings / (losses) into net postemployment costs during 2015. Our Participation in Mondelēz International’s Pension and Other Postemployment Benefit Plans and the Spin-Off Impact Prior to the Spin-off, Mondelēz International provided defined benefit pension, postretirement health care, defined contribution, and multiemployer pension and medical benefits to our eligible employees and retirees. As such, we applied the multiemployer plan accounting approach and these liabilities were not reflected in our consolidated balance sheets. We provided pension coverage for certain employees of our Canadian operations through separate plans and certain pension and postemployment benefits of our Canadian operations, which were included in our financial statements prior to the Spin-Off. As part of the Spin-Off, the plans were split and we assumed the obligations previously provided by Mondelēz International. Accordingly, Mondelēz International transferred to us the plan assets and liabilities associated with our active, retired, and other former employees, including liabilities for most of the retired North American Mondelēz International employees. We assumed net benefit plan liabilities of $5.5 billion from Mondelēz International, which was in addition to the $0.1 billion of net benefit plan liabilities we had previously reported in our historical financial statements, for a total liability of $5.6 billion on October 1, 2012. Total Mondelēz International benefit plan costs allocated to us were $491 million in the first nine months of 2012 prior to the Spin-Off. The expense allocations for these benefits were determined based on a review of personnel by business unit and based on allocations of corporate or other shared functional personnel. These allocated costs are reflected in our cost of sales and selling, general and administrative expenses. These costs were funded through intercompany transactions with Mondelēz International and were reflected within the parent company investment equity balance. Our allocated expenses in connection with the pension plans were $283 million in 2012. Our allocated expenses in connection with the postretirement plans were $142 million in 2012.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 27, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments Fair Value of Derivative Instruments : The fair values and the levels within the fair value hierarchy of derivative instruments recorded on the consolidated balance sheets at December 27, 2014 and December 28, 2013 were: December 27, 2014 Quoted Prices in Significant Significant Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Commodity contracts $ 2 $ 5 $ — $ — $ — $ — $ 2 $ 5 Foreign exchange contracts — — 80 — — — 80 — Derivatives not designated as hedging instruments: Commodity contracts 46 99 — 4 — — 46 103 Total fair value $ 48 $ 104 $ 80 $ 4 $ — $ — $ 128 $ 108 December 28, 2013 Quoted Prices in Significant Significant Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Commodity contracts $ 5 $ 4 $ — $ — $ — $ — $ 5 $ 4 Foreign exchange contracts — — 48 — — — 48 — Derivatives not designated as hedging instruments: Commodity contracts 39 20 1 1 — — 40 21 Total fair value $ 44 $ 24 $ 49 $ 1 $ — $ — $ 93 $ 25 The fair values of our asset derivatives are recorded within other current assets and other assets. The fair values of our liability derivatives are recorded within other current liabilities. Level 1 financial assets and liabilities consist of commodity futures and options contracts and are valued using quoted prices in active markets for identical assets and liabilities. Level 2 financial assets and liabilities consist of commodity forwards and foreign exchange forwards. Commodity forwards are valued using an income approach based on the observable market commodity index prices less the contract rate multiplied by the notional amount. Foreign exchange forwards are valued using an income approach based on observable market forward rates less the contract rate multiplied by the notional amount. Our calculation of the fair value of financial instruments takes into consideration the risk of nonperformance, including counterparty credit risk. Derivative Volume: The net notional values of our derivative instruments at December 27, 2014 and December 28, 2013 were: Notional Amount December 27, December 28, (in millions) Commodity contracts $ 1,543 $ 1,349 Foreign exchange contracts 1,074 901 Cash Flow Hedges: Cash flow hedge activity, net of income taxes, within accumulated other comprehensive losses included: For the Years Ended December 27, December 28, December 29, (in millions) Accumulated other comprehensive losses at beginning of period $ (129 ) $ (152 ) $ (18 ) Unrealized gains / (losses): Commodity contracts 18 (16 ) (57 ) Foreign exchange contracts 38 36 (5 ) Interest rate contracts — — (137 ) 56 20 (199 ) Transfer of realized (gains) / losses to earnings: Commodity contracts (18 ) 26 49 Foreign exchange contracts (41 ) (31 ) 1 Interest rate contracts 7 8 19 (52 ) 3 69 Transfer of realized losses from Mondelēz International — — (4 ) Accumulated other comprehensive losses at end of period $ (125 ) $ (129 ) $ (152 ) The gains / (losses) on ineffectiveness recognized in pre-tax earnings were: For the Years Ended December 27, December 28, December 29, (in millions) Commodity contracts $ 1 $ — $ (4 ) Interest rate contracts — — (23 ) Total $ 1 $ — $ (27 ) We record the pre-tax gain or loss reclassified from accumulated other comprehensive losses and the gain or loss on ineffectiveness in: • cost of sales for commodity contracts; • cost of sales for foreign exchange contracts related to forecasted transactions; and • interest and other expense, net for foreign exchange contracts related to intercompany loans and interest rate contracts. Based on our valuation at December 27, 2014, we would expect to transfer unrealized losses of $4 million (net of taxes) for commodity cash flow hedges, unrealized gains of $17 million (net of taxes) for foreign currency cash flow hedges, and unrealized losses of $8 million (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months. Hedge Coverage: At December 27, 2014, we had hedged forecasted transactions for the following durations: • commodity transactions for periods not exceeding the next two years ; • foreign currency transactions for periods not exceeding the next four years ; and • interest rate transactions for periods not exceeding the next 28 years . Economic Hedges: Gains recorded in pre-tax earnings for economic hedges that are not designated as hedging instruments included: For the Years Ended Location of (Losses) / Gains Recognized Earnings December 27, December 28, December 29, (in millions) Commodity contracts $ 26 $ 14 $ 36 Cost of sales Foreign exchange contracts 2 — — Selling, general and administrative expenses $ 28 $ 14 $ 36

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 27, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings: We are routinely involved in legal proceedings, claims, and governmental inquiries, inspections or investigations (“Legal Matters”) arising in the ordinary course of our business. We have been advised by the staff of the Commodity Futures Trading Commission (“CFTC”) that they are investigating activities related to the trading of December 2011 wheat futures contracts. These activities arose prior to the Spin-Off and involve the business now owned and operated by Mondelēz International or its affiliates. We are cooperating with the staff in its investigation. In October 2014, the staff advised us that the CFTC intends to commence a formal action. We and Mondelēz International continue to seek resolution of this matter. Our Separation and Distribution Agreement with Mondelēz International dated as of September 27, 2012, governs the allocation between Mondelēz International and us and, accordingly, Mondelēz International will predominantly bear the costs of this matter and any monetary penalties or other payments that the CFTC may impose. We do not expect this matter to have a material adverse effect on our financial condition or results of operations. While we cannot predict with certainty the results of Legal Matters in which we are currently involved or may in the future be involved, we do not expect that the ultimate costs to resolve any of the Legal Matters that are currently pending will have a material adverse effect on our financial condition or results of operations. Third-Party Guarantees: We have third-party guarantees primarily covering long-term obligations related to leased properties. The carrying amounts of our third-party guarantees was $22 million at December 27, 2014 and $24 million at December 28, 2013. The maximum potential payment under these guarantees was $42 million at December 27, 2014 and $53 million at December 28, 2013. Substantially all of these guarantees expire at various times through 2027 . Leases: Rental expenses were $148 million in 2014, $176 million in 2013, and $150 million in 2012. As of December 27, 2014, minimum rental commitments under non-cancelable operating leases in effect at year-end were (in millions): 2015 $ 106 2016 85 2017 62 2018 49 2019 41 Thereafter 84 Total $ 427

Income Taxes

Income Taxes	12 Months Ended
	Dec. 27, 2014
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income Taxes Earnings before income taxes and the provision for income taxes consisted of the following: For the Years Ended December 27, December 28, December 29, (in millions) Earnings before income taxes: United States $ 1,117 $ 3,596 $ 2,156 Outside United States 289 494 297 Total $ 1,406 $ 4,090 $ 2,453 Provision for income taxes: United States federal: Current $ 678 $ 591 $ 209 Deferred (336 ) 566 424 342 1,157 633 State and local: Current (34 ) 34 54 Deferred (26 ) 61 43 (60 ) 95 97 Total United States 282 1,252 730 Outside United States: Current 80 42 78 Deferred 1 81 3 Total outside United States 81 123 81 Total provision for income taxes $ 363 $ 1,375 $ 811 The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate for the following reasons : For the Years Ended December 27, December 28, December 29, U.S. federal statutory rate 35.0 % 35.0 % 35.0 % Increase / (decrease) resulting from: U.S. state and local income taxes, net of federal tax benefit 0.2 % 1.7 % 2.3 % Domestic manufacturing deduction (4.6 )% (1.2 )% (2.7 )% Foreign rate differences (2.2 )% (1.1 )% (1.1 )% Changes in uncertain tax positions (0.9 )% 0.2 % (0.8 )% Other (1.7 )% (1.0 )% 0.4 % Effective tax rate 25.8 % 33.6 % 33.1 % Our 2014 effective tax rate was favorably impacted by $64 million of domestic manufacturing deductions, favorable tax rates in foreign jurisdictions, most significantly Canada, changes in uncertain tax positions and the net impact of other discrete tax items. Our 2013 effective tax rate was favorably impacted by $49 million of domestic manufacturing deductions, favorable tax rates in foreign jurisdictions, most significantly Canada, and the net impact of other discrete tax items. This favorability was partially offset by $68 million of state and local taxes. Our 2012 effective tax rate was favorably impacted by $66 million of domestic manufacturing deductions, favorable tax rates in foreign jurisdictions, most significantly Canada, and changes in uncertain tax positions. This favorability was partially offset by $56 million of state and local taxes. The calculation of the percentage point impact of domestic manufacturing deductions, uncertain tax positions and other discrete items on the effective tax rate was affected by earnings before income taxes. Fluctuations in earnings could impact comparability of reconciling items between periods. Our unrecognized tax benefits of $256 million at December 27, 2014 are included in other current liabilities and other liabilities. If we had recognized all of these benefits, the net impact on our income tax provision would have been $167 million . Of the net unrecognized tax benefits, approximately $100 million to $140 million are expected to be resolved within the next 12 months. The changes in our unrecognized tax benefits were: For the Years Ended December 27, December 28, December 29, (in millions) Beginning of year $ 259 $ 258 $ 371 Increases from prior period tax positions 26 2 11 Decreases from prior period tax positions (74 ) (5 ) (90 ) Decreases from statute of limitations expirations (14 ) (28 ) — Increases from current period tax positions 67 39 16 Net transfers to Mondelēz International — — (9 ) Decreases relating to settlements with taxing authorities (3 ) (3 ) (33 ) Currency and other (5 ) (4 ) (8 ) End of year $ 256 $ 259 $ 258 We include accrued interest and penalties related to uncertain tax positions in our tax provision. Our provision for income taxes included a benefit of $30 million in 2014, expense of $13 million in 2013, and expense of $18 million in 2012 for interest and penalties. Accrued interest and penalties were $41 million as of December 27, 2014, and $74 million as of December 28, 2013. We have entered into a tax sharing agreement with Mondelēz International, which provides that for periods prior to October 1, 2012, Mondelēz International is liable for and will indemnify us against all U.S. federal income taxes and substantially all foreign income taxes, excluding Canadian income taxes; and that we are liable for and will indemnify Mondelēz International against U.S. state income taxes and Canadian federal and provincial income taxes. Our U.S. operations were included in Mondelēz International’s U.S. federal consolidated income tax returns for tax periods through October 1, 2012. In August 2014, Mondelēz International reached a final resolution on a U.S. federal income tax audit of the 2007-2009 tax years. The U.S. federal statute of limitations remains open for tax year 2010 and forward, and federal income tax returns for 2010-2012 are currently under examination. As noted above we are indemnified for U.S. federal income taxes related to these periods. We are regularly examined by federal, state and foreign authorities. We are currently under income tax examinations by the IRS for the post Spin-Off period 2012-2014. Our income tax filings are also currently under examination by tax authorities in various U.S. state and foreign jurisdictions. U.S. state and local and foreign jurisdictions have statutes of limitations generally ranging from three to five years unless we agree to an extension. In Canada, our only significant foreign jurisdiction, the earliest open tax year is 2007. At December 27, 2014, we had outside tax basis in excess of book basis in certain foreign subsidiaries in which earnings are indefinitely reinvested. As of that date, applicable U.S. federal income taxes and foreign withholding taxes had not been provided on approximately $578 million of unremitted earnings of such foreign subsidiaries. If such earnings were to be remitted, our incremental tax cost would be approximately $118 million . The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following at December 27, 2014 and December 28, 2013: December 27, December 28, (in millions) Deferred income tax assets: Pension benefits $ 407 $ 104 Postretirement benefits 1,355 1,238 Other employee benefits 113 122 Other 471 497 Total deferred income tax assets 2,346 1,961 Valuation allowance (20 ) (3 ) Net deferred income tax assets $ 2,326 $ 1,958 Deferred income tax liabilities: Trade names $ (828 ) $ (828 ) Property, plant and equipment (979 ) (949 ) Debt exchange (350 ) (384 ) Other (66 ) (65 ) Total deferred income tax liabilities (2,223 ) (2,226 ) Net deferred income tax assets / (liabilities) $ 103 $ (268 )

Accumulated Other Comprehensive

Accumulated Other Comprehensive Losses	12 Months Ended
	Dec. 27, 2014
Equity [Abstract]
Accumulated Other Comprehensive Losses	Accumulated Other Comprehensive Losses Total accumulated other comprehensive losses consists of net earnings / (losses) and other changes in business equity from sources other than shareholders. It includes foreign currency translation gains and losses, postemployment benefit plan adjustments, and unrealized gains and losses from derivative instruments designated as cash flow hedges. The components of, and changes in, accumulated other comprehensive losses were as follows (net of tax): Foreign Postemployment Derivative Total (in millions) Balance at December 29, 2012 $ (359 ) $ 51 $ (152 ) $ (460 ) Other comprehensive (losses) / gains before reclassifications (68 ) 19 20 (29 ) Amounts reclassified from accumulated other comprehensive losses — (13 ) 3 (10 ) Net current-period other comprehensive (losses) / earnings (68 ) 6 23 (39 ) Balance at December 28, 2013 $ (427 ) $ 57 $ (129 ) $ (499 ) Other comprehensive (losses) / gains before reclassifications (91 ) 36 56 1 Amounts reclassified from accumulated other comprehensive losses — (12 ) (52 ) (64 ) Net current-period other comprehensive (losses) / earnings (91 ) 24 4 (63 ) Balance at December 27, 2014 $ (518 ) $ 81 $ (125 ) $ (562 ) Amounts reclassified from accumulated other comprehensive losses in the years ended December 27, 2014 and December 28, 2013 were as follows: Amount Reclassified from Accumulated Other Comprehensive Losses For the Years Ended Details about Accumulated Other Comprehensive Losses Components December 27, December 28, Affected Line Item in (in millions) Derivative hedging (gains) / losses Commodity contracts $ (30 ) $ 42 Cost of sales Foreign exchange contracts (17 ) (11 ) Cost of sales Foreign exchange contracts (50 ) (39 ) Interest and other expense, net Interest rate contracts 13 12 Interest and other expense, net Total before tax (84 ) 4 Earnings before income taxes Tax benefit / (expense) 32 (1 ) Provision for income taxes Net of tax $ (52 ) $ 3 Net earnings Postemployment benefit plan adjustments Amortization of prior service credits $ (23 ) $ (22 ) (1) Curtailments 3 — (1) Total before tax (20 ) (22 ) Earnings before income taxes Tax benefit 8 9 Provision for income taxes Net of tax $ (12 ) $ (13 ) Net earnings (1) These accumulated other comprehensive losses components are included in the computation of net periodic pension and postretirement health care costs. See Note 9, Postemployment Benefit Plans , for additional information.

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	12 Months Ended
	Dec. 27, 2014
Earnings Per Share [Abstract]
Earnings Per Share ("EPS")	Earnings Per Share (“EPS”) We grant shares of restricted stock and RSUs that are considered to be participating securities. Due to the presence of participating securities, we have calculated our EPS using the two-class method. For the Years Ended December 27, December 28, December 29, (in millions, except per share data) Basic EPS: Net earnings $ 1,043 $ 2,715 $ 1,642 Earnings allocated to participating securities 5 12 5 Earnings available to common shareholders - basic $ 1,038 $ 2,703 $ 1,637 Weighted average shares of common stock outstanding 593 594 591 Net earnings per share $ 1.75 $ 4.55 $ 2.77 Diluted EPS: Net earnings $ 1,043 $ 2,715 $ 1,642 Earnings allocated to participating securities 5 12 5 Earnings available to common shareholders - diluted $ 1,038 $ 2,703 $ 1,637 Weighted average shares of common stock outstanding 593 594 591 Effect of dilutive securities 5 5 5 Weighted average shares of common stock, including dilutive effect 598 599 596 Net earnings per share $ 1.74 $ 4.51 $ 2.75 We excluded antidilutive stock options and Performance Shares from our calculation of weighted average shares of common stock outstanding for diluted EPS of 2.0 million for the year ended December 27, 2014 and 0.3 million for the year ended December 28, 2013. Antidilutive stock options and Performance Shares were zero for the year ended December 29, 2012.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 27, 2014
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We manufacture and market food and beverage products, including cheese, meats, refreshment beverages, coffee, packaged dinners, refrigerated meals, snack nuts, dressings, and other grocery products, primarily in the United States and Canada. We manage and report our operating results through five reportable segments: Cheese, Beverages & Snack Nuts, Refrigerated Meals, Meal Solutions, and International. Our remaining businesses, including our U.S. and Canadian Foodservice businesses, are aggregated and disclosed as “Other Businesses”. Management uses segment operating income to evaluate segment performance and allocate resources. We believe it is appropriate to disclose this measure to help investors analyze segment performance and trends. Segment operating income excludes the following items for each of the periods presented: • Market-based impacts and certain other components of our postemployment benefit plans (which are components of cost of sales and selling, general and administrative expenses) because we centrally manage postemployment benefit plan funding decisions and the determination of discount rates, expected rate of return on plan assets, and other actuarial assumptions. • Unrealized gains and losses on hedging activities (which are a component of cost of sales) in order to provide better transparency of our segment operating results. Unrealized gains and losses on hedging activities, which includes unrealized gains and losses on our derivatives not designated as hedging instruments as well as the ineffective portion of unrealized gains and losses on our derivatives designated as hedging instruments, are recorded in Corporate until realized. Once realized, the gains and losses are recorded within the applicable segment operating results. • Certain general corporate expenses (which are a component of selling, general and administrative expenses) and cost savings initiatives expenses (which are components of asset impairment and exit costs, cost of sales, and selling, general and administrative expenses). Furthermore, we centrally manage interest and other expense, net. Accordingly, we do not present these items by segment because they are excluded from the segment profitability measures that management reviews. Management does not use assets by segment to evaluate performance or allocate resources and therefore, we do not calculate or disclose assets by segment. Our segment net revenues and earnings consisted of: For the Years Ended December 27, December 28, December 29, (in millions) Net revenues: Cheese $ 4,066 $ 3,925 $ 3,829 Beverages & Snack Nuts 3,628 3,664 3,711 Refrigerated Meals 3,433 3,334 3,280 Meal Solutions 3,216 3,423 3,538 International 2,304 2,372 2,318 Other Businesses 1,558 1,500 1,595 Net revenues $ 18,205 $ 18,218 $ 18,271 For the Years Ended December 27, December 28, December 29, (in millions) Earnings before income taxes: Operating income: Cheese $ 675 $ 721 $ 716 Beverages & Snack Nuts 545 504 416 Refrigerated Meals 409 364 409 Meal Solutions 1,073 1,130 1,259 International 451 463 371 Other Businesses 188 172 143 Market-based impacts to postemployment benefit plans (1,341 ) 1,561 (223 ) Certain other postemployment benefit plan income / (expense) 164 61 (82 ) Unrealized (losses) / gains on hedging activities (79 ) 21 13 General corporate expenses (88 ) (116 ) (49 ) Cost savings initiatives expenses (107 ) (290 ) (303 ) Operating income 1,890 4,591 2,670 Interest and other expense, net (484 ) (501 ) (258 ) Royalty income from Mondelēz International — — 41 Earnings before income taxes $ 1,406 $ 4,090 $ 2,453 Depreciation expense and capital expenditures by segment were: For the Years Ended December 27, December 28, December 29, (in millions) Depreciation Expense: Cheese $ 57 $ 92 $ 119 Beverages & Snack Nuts 85 82 81 Refrigerated Meals 87 84 76 Meal Solutions 85 64 85 International 37 38 31 Other Businesses 33 33 36 Total depreciation expense $ 384 $ 393 $ 428 For the Years Ended December 27, December 28, December 29, (in millions) Capital expenditures: Cheese $ 152 $ 150 $ 84 Beverages & Snack Nuts 136 171 146 Refrigerated Meals 110 80 83 Meal Solutions 66 76 83 International 53 60 33 Other Businesses 18 20 11 Total capital expenditures $ 535 $ 557 $ 440 Concentration of risk: Our largest customer, Wal-Mart Stores, Inc., accounted for approximately 26% of net revenues in 2014 and in 2013, and 25% in 2012. Geographic data for net revenues and long-lived assets were: For the Years Ended December 27, December 28, December 29, (in millions) Net revenues: United States $ 15,753 $ 15,676 $ 15,752 Canada 2,177 2,302 2,306 Exports 275 240 213 Total net revenues $ 18,205 $ 18,218 $ 18,271 December 27, December 28, (in millions) Long-lived assets: United States $ 16,536 $ 16,516 Canada 1,620 1,724 Total long-lived assets $ 18,156 $ 18,240 Net revenues by product categories were: For the Years Ended December 27, 2014 December 28, 2013 December 29, 2012 (in millions) Cheese and dairy $ 5,954 $ 5,744 $ 5,591 Meat and meat alternatives 2,691 2,643 2,659 Meals 2,033 2,047 1,973 Refreshment beverages 1,762 1,817 1,863 Enhancers 1,601 1,705 1,868 Coffee 1,456 1,460 1,450 Desserts, toppings and baking 1,042 1,142 1,213 Nuts and salted snacks 1,036 997 986 Other 630 663 668 Total net revenues $ 18,205 $ 18,218 $ 18,271

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 27, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information	Quarterly Financial Data (Unaudited) 2014 Quarters First Second Third Fourth (in millions, except per share data) Net revenues $ 4,362 $ 4,747 $ 4,400 $ 4,696 Gross profit $ 1,560 $ 1,521 $ 1,292 $ 472 Net earnings / (loss) $ 513 $ 482 $ 446 $ (398 ) Per share data: Basic earnings / (loss) per share $ 0.86 $ 0.81 $ 0.75 $ (0.68 ) Diluted earnings / (loss) per share $ 0.85 $ 0.80 $ 0.74 $ (0.68 ) Dividends declared $ 0.525 $ 0.525 $ — $ 1.10 Market price – high $ 56.56 $ 60.60 $ 61.10 $ 64.47 – low $ 50.54 $ 55.47 $ 53.33 $ 53.63 2013 Quarters First Second Third Fourth (in millions, except per share data) Net revenues $ 4,513 $ 4,716 $ 4,394 $ 4,595 Gross profit $ 1,470 $ 1,936 $ 1,486 $ 1,932 Net earnings $ 456 $ 829 $ 500 $ 931 Per share data: Basic earnings per share $ 0.77 $ 1.39 $ 0.84 $ 1.56 Diluted earnings per share $ 0.76 $ 1.38 $ 0.83 $ 1.54 Dividends declared $ 0.50 $ 0.50 $ — $ 1.05 Market price – high $ 52.29 $ 57.84 $ 58.76 $ 55.93 – low $ 44.16 $ 49.79 $ 51.20 $ 51.72 Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not equal the total for the year.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Dec. 27, 2014
Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts Disclosure	Col. A Col. B Col. C Col. D Col. E Additions Description Balance at Charged to Charged to Deductions Balance at (a) (b) 2014: Allowances related to accounts receivable $ 26 $ (2 ) $ — $ 3 $ 21 Allowance for deferred taxes 3 20 — 3 20 $ 29 $ 18 $ — $ 6 $ 41 2013: Allowances related to accounts receivable $ 28 $ 1 $ — $ 3 $ 26 Allowance for deferred taxes 26 — — 23 3 $ 54 $ 1 $ — $ 26 $ 29 2012: Allowances related to accounts receivable $ 23 $ 9 $ — $ 4 $ 28 Allowance for deferred taxes 34 (4 ) — 4 26 $ 57 $ 5 $ — $ 8 $ 54 Notes: (a) Primarily related to divestitures and currency translation. (b) Represents charges for which allowances were created.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 27, 2014
Accounting Policies [Abstract]
Description of Business	Description of Business: Kraft Foods Group, Inc. (“Kraft Foods Group,” “we,” “us,” and “our”) manufactures and markets food and beverage products, including cheese, meats, refreshment beverages, coffee, packaged dinners, refrigerated meals, snack nuts, dressings, and other grocery products, primarily in the United States and Canada. Our product categories span breakfast, lunch, and dinner meal occasions. On October 1, 2012, Mondelēz International, Inc. (“Mondelēz International,” formerly known as Kraft Foods Inc.) created us as an independent public company through a spin-off of its North American grocery business to Mondelēz International’s shareholders (the “Spin-Off”). Mondelēz International distributed 592 million shares of Kraft Foods Group common stock to Mondelēz International’s shareholders. Holders of Mondelēz International common stock received one share of Kraft Foods Group common stock for every three shares of Mondelēz International common stock held on September 19, 2012.
Principles of Consolidation	Principles of Consolidation: The consolidated financial statements include Kraft Foods Group, as well as our wholly-owned subsidiaries. All intercompany transactions are eliminated. Our period end date for financial reporting purposes is the last Saturday of the fiscal year, which aligns with the financial close dates of our operating segments. Prior to the Spin-Off on October 1, 2012, our financial statements were prepared on a stand-alone basis and were derived from the consolidated financial statements and accounting records of Mondelēz International. Our financial statements included certain expenses of Mondelēz International that were allocated to us for certain functions, including general corporate expenses related to finance, legal, information technology, human resources, compliance, shared services, insurance, employee benefits and incentives, and stock-based compensation. These expenses were allocated in our historical results of operations on the basis of direct usage when identifiable, with the remainder allocated on the basis of revenue, operating income, or headcount. We consider the expense allocation methodology and results to be reasonable for all periods presented. However, these allocations were not necessarily indicative of the actual expenses we would have incurred as an independent public company or of the costs we will incur in the future, and may differ substantially from the allocations we agreed to in the various separation agreements.
Use of Estimates	Use of Estimates: We prepare our consolidated financial statements in accordance with U.S. GAAP, which requires us to make accounting policy elections, estimates, and assumptions that affect a number of amounts in our consolidated financial statements. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements.
Cash and Cash Equivalents	Cash and Cash Equivalents: Cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less.
Inventories	Inventories: Inventories are stated at the lower of cost or market. We value all our inventories using the average cost method.
Long-Lived Assets	Long-Lived Assets: Property, plant and equipment are stated at historical cost and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods ranging from 3 to 20 years and buildings and improvements over periods up to 40 years . Capitalized software costs are included in property, plant and equipment and amortized on a straight-line basis over the estimated useful lives of the software, which do not exceed seven years . We review long-lived assets for impairment when conditions exist that indicate the carrying amount of the assets may not be fully recoverable. Such conditions include significant adverse changes in the business climate, current-period operating or cash flow losses, significant declines in forecasted operations, or a current expectation that an asset group will be disposed of before the end of its useful life. We perform undiscounted operating cash flow analyses to determine if an impairment exists. When testing for impairment of assets held for use, we group assets and liabilities at the lowest level for which cash flows are separately identifiable. If an impairment is determined to exist, the loss is calculated based on estimated fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal.
Goodwill and Intangible Assets	Goodwill and Intangible Assets : We test goodwill and indefinite-lived intangible assets for impairment at least annually in the fourth quarter or when a triggering event occurs. The first step of the goodwill impairment test compares the reporting unit’s estimated fair value with its carrying value. We estimate a reporting unit’s fair value using planned growth rates, market-based discount rates, estimates of residual value, and estimates of market multiples. If the carrying value of a reporting unit’s net assets exceeds its fair value, the second step would be applied to measure the difference between the carrying value and implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, the goodwill would be considered impaired and would be reduced to its implied fair value. We test indefinite-lived intangible assets for impairment by comparing the fair value of each intangible asset with its carrying value. Fair value of indefinite-lived intangible assets is determined using planned growth rates, market-based discount rates, and estimates of royalty rates. If the carrying value exceeds fair value, the intangible asset would be considered impaired and would be reduced to fair value. Estimating the fair value of individual reporting units or intangible assets requires us to make assumptions and estimates regarding our future plans, as well as industry and economic conditions. These assumptions and estimates include projected revenues and income, interest rates, cost of capital, royalty rate, and tax rates.
Insurance and Self Insurance	Insurance and Self-Insurance: We use a combination of insurance and self-insurance for a number of risks, including workers' compensation, general liability, automobile liability, product liability, and our obligation for employee health care benefits. We estimate the liabilities associated with these risks by considering historical claims experience and other actuarial assumptions.
Revenue Recognition	Revenue Recognition: We recognize revenues when title and risk of loss pass to our customers. We record revenues net of consumer incentives and trade promotions and include all shipping and handling charges billed to customers. We also record provisions for estimated product returns and customer allowances as reductions to revenues within the same period that the revenue is recognized. We base these estimates principally on historical and current period experience, however, it is reasonably likely that actual experiences will vary from the estimates we make.
Marketing and Research and Development	Marketing and Research and Development: We promote our products with advertising and consumer promotions, consumer incentives, and trade promotions. Consumer incentives and trade promotions include, but are not limited to, discounts, coupons, rebates, in-store display incentives, and volume-based incentives. Consumer incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated as being due to customers and consumers at the end of a period. We base these estimates principally on historical utilization and redemption rates. For interim reporting purposes, we charge advertising and consumer promotion expenses to operations as a percentage of volume, based on estimated volume and related expense for the full year. We review and adjust these estimates each quarter based on actual experience and other information. Advertising expense was $652 million in 2014, $747 million in 2013, and $640 million in 2012. We record marketing expense in selling, general and administrative expense, except for consumer incentives and trade promotions, which are recorded in net revenues. We expense costs as incurred for product research and development within selling, general and administrative expenses. Research and development expense was $149 million in 2014, $142 million in 2013, and $143 million in 2012. The amounts disclosed in prior periods have been revised to exclude market-based impacts to postemployment benefit plans and certain other costs that are not directly associated with our research and development activities. The impacts of these revisions to the disclosure were not material to any prior period.
Environmental Costs	Environmental Costs: We are subject to various laws and regulations in the United States and Canada relating to the protection of the environment. We accrue for environmental remediation obligations on an undiscounted basis when amounts are probable and can be reasonably estimated. The accruals are adjusted based on new information or as circumstances change. We record recoveries of environmental remediation costs from third parties as assets when we believe these amounts are receivable. As of December 27, 2014, we were involved in 56 active proceedings in the United States under the Comprehensive Environmental Response, Compensation and Liability Act (and other similar state actions and legislation) related to our current operations and certain closed, inactive or divested operations for which we retain liability. As of December 27, 2014, we had accrued an amount we deemed appropriate for environmental remediation. Based on information currently available, we believe that the ultimate resolution of existing environmental remediation actions and our compliance in general with environmental laws and regulations will not have a material effect on our financial condition or results from operations. However, we cannot quantify with certainty the potential impact of future compliance efforts and environmental remediation actions.
Postemployment Benefit Plans	Postemployment Benefit Plans: We provide a range of benefits to our eligible employees and retirees. These include defined benefit pension, postretirement health care, defined contribution, and multiemployer pension and medical benefits. Our pension, postretirement, and other postemployment (collectively, “postemployment”) benefit plans cover most salaried and certain hourly employees. The cost of these plans is charged to expense over the working life of the covered employees. We account for defined benefit costs using a mark-to-market policy. Under this accounting method, we recognize net actuarial gains or losses and changes in the fair value of plan assets in cost of sales and selling, general and administrative expenses immediately upon remeasurement, which is at least annually.
Financial Instruments	Financial Instruments: As we operate primarily in North America but source our commodities on global markets and periodically enter into financing or other arrangements abroad, we use a variety of risk management strategies and financial instruments to manage commodity price, foreign currency exchange rate, and interest rate risks. Our risk management program focuses on the unpredictability of financial markets and seeks to reduce the potentially adverse effects that the volatility of these markets may have on our operating results. One way we do this is through actively hedging our risks through the use of derivative instruments. As a matter of policy, we do not use highly leveraged derivative instruments, nor do we use financial instruments for speculative purposes. Derivatives are recorded on our consolidated balance sheets at fair value, which fluctuates based on changing market conditions. Certain derivatives are designated as cash flow hedges and qualify for hedge accounting treatment, while others do not qualify and are marked to market through earnings. For cash flow hedges, changes in fair value are deferred in accumulated other comprehensive earnings / (losses) within equity until the underlying hedged items are recognized in net earnings. Accordingly, we record deferred cash flow hedge gains or losses in cost of sales when the related inventory is sold and in interest and other expense, net, when the related debt interest expense is recorded. Cash flows from derivative instruments are also classified in the same manner as the underlying hedged items in the consolidated statement of cash flows. For additional information on derivative activity within our operating results, see Note 10, Financial Instruments . To qualify for hedge accounting, a specified level of hedging effectiveness between the hedging instrument and the item being hedged must be achieved at inception and maintained throughout the hedged period. Any hedging ineffectiveness is recognized in net earnings when the change in the value of the hedge does not offset the change in the value of the underlying hedged item. We formally document our risk management objectives, strategies for undertaking the various hedge transactions, the nature of and relationships between the hedging instruments and hedged items, and method for assessing hedge effectiveness. Additionally, for qualified hedges of forecasted transactions, we specifically identify the significant characteristics and expected terms of the forecasted transactions. If it becomes probable that a forecasted transaction will not occur, the hedge will no longer be effective and all of the derivative gains or losses would be recognized in earnings in the current period. Unrealized gains and losses on our derivatives not designated as hedging instruments as well as the ineffective portion of unrealized gains and losses on our derivatives designated as hedging instruments, are recorded in Corporate until realized. Once realized, the gains and losses are recorded within the applicable segment operating results. When we use financial instruments, we are exposed to credit risk that a counterparty might fail to fulfill its performance obligations under the terms of our agreement. We minimize our credit risk by entering into transactions with counterparties with investment grade credit ratings, limiting the amount of exposure we have with each counterparty, and monitoring the financial condition of our counterparties. We also maintain a policy of requiring that all significant, non-exchange traded derivative contracts with a duration of greater than one year be governed by an International Swaps and Derivatives Association master agreement. We are also exposed to market risk as the value of our financial instruments might be adversely affected by a change in foreign currency exchange rates, commodity prices, or interest rates. We manage market risk by incorporating monitoring parameters within our risk management strategy that limit the types of derivative instruments and derivative strategies we use and the degree of market risk that we hedge with derivative instruments. Commodity cash flow hedges – We are exposed to price risk related to forecasted purchases of certain commodities that we primarily use as raw materials. We enter into commodity forward contracts primarily for coffee beans, meat products, sugar, wheat, and dairy products. Commodity forward contracts generally are not subject to the accounting requirements for derivative instruments and hedging activities under the normal purchases exception. We also use commodity futures and options to hedge the price of certain commodity costs, including dairy products, coffee beans, meat products, wheat, corn products, soybean oils, sugar, and natural gas. Some of these derivative instruments are highly effective and qualify for hedge accounting treatment. We also sell commodity futures to unprice future purchase commitments, and we occasionally use related futures to cross-hedge a commodity exposure. Foreign currency cash flow hedges – We use various financial instruments to mitigate our exposure to changes in exchange rates from third-party and intercompany actual and forecasted transactions. These instruments may include forward foreign exchange contracts and foreign currency options. We primarily use these instruments to hedge our exposure to the Canadian dollar. Substantially all of these derivative instruments are highly effective and qualify for hedge accounting treatment. Interest rate cash flow hedges – We use derivative instruments, including interest rate swaps, as part of our interest rate risk management strategy. We primarily use interest rate swaps to hedge the variability of interest payment cash flows on a portion of our future debt obligations. Substantially all of these derivative instruments are highly effective and qualify for hedge accounting treatment.
Income Taxes	Income Taxes: We recognize income taxes based on amounts refundable or payable for the current year and record deferred tax assets or liabilities for any difference between U.S. GAAP accounting and tax reporting. We also recognize deferred tax assets for temporary differences, operating loss carryforwards, and tax credit carryforwards. Inherent in determining our annual tax rate are judgments regarding business plans, planning opportunities, and expectations about future outcomes. Realization of certain deferred tax assets, primarily net operating loss and other carryforwards, is dependent upon generating sufficient taxable income in the appropriate jurisdiction prior to the expiration of the carryforward periods. See Note 12, Income Taxes , for additional information. We apply a more-likely-than-not threshold to the recognition and derecognition of uncertain tax positions. Accordingly, we recognize the amount of tax benefit that has a greater than 50 percent likelihood of being ultimately realized upon settlement. Future changes in judgment related to the expected ultimate resolution of uncertain tax positions will affect earnings in the quarter of such change.
New Accounting Pronouncements	New Accounting Pronouncements: In April 2014, the Financial Accounting Standards Board (the "FASB") issued an accounting standard update ("ASU") that modified the criteria for reporting the disposal of a component of an entity as discontinued operations. In addition, the ASU requires additional disclosures about discontinued operations. The ASU will be effective for all disposals of components of an entity that occur during our fiscal year 2015 and thereafter. We do not expect the adoption of this guidance to have a material impact on our financial statements and related disclosures. In May 2014, the FASB issued an ASU that supersedes existing revenue recognition guidance. Under the new ASU, an entity will apply a principles-based five step model to recognize revenue upon the transfer of promised goods or services to customers and in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. The ASU will be effective beginning in the first quarter of our fiscal year 2017. Early adoption is not permitted. We are currently evaluating the impact that this ASU will have on our financial statements and related disclosures.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 27, 2014
Inventory Disclosure [Abstract]
Inventories	Inventories at December 27, 2014 and December 28, 2013 were: December 27, December 28, (in millions) Raw materials $ 481 $ 453 Work in process 296 294 Finished product 998 869 Inventories $ 1,775 $ 1,616

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 27, 2014
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment at December 27, 2014 and December 28, 2013 were: December 27, December 28, (in millions) Land $ 79 $ 72 Buildings and improvements 1,881 1,806 Machinery and equipment 5,619 5,584 Construction in progress 464 360 8,043 7,822 Accumulated depreciation (3,851 ) (3,707 ) Property, plant and equipment, net $ 4,192 $ 4,115

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 27, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill by Reportable Segment	Goodwill by reportable segment at December 27, 2014 and December 28, 2013 was: December 27, December 28, (in millions) Cheese $ 3,000 $ 3,000 Beverages & Snack Nuts 2,460 2,460 Refrigerated Meals 985 985 Meal Solutions 3,046 3,046 International 1,061 1,151 Other Businesses 852 863 Goodwill $ 11,404 $ 11,505

Cost Savings Initiatives (Table

Cost Savings Initiatives (Tables)	12 Months Ended
	Dec. 27, 2014
Restructuring and Related Activities [Abstract]
Schedule of Total Cost Savings Initiatives Expenses	We recorded expenses related to our cost savings initiatives in the consolidated financial statements as follows: For the Years Ended December 27, December 28, December 29, (in millions) Restructuring costs - Asset impairment and exit costs $ (1 ) $ 108 $ 141 Implementation costs - Cost of sales 12 77 97 Implementation costs - Selling, general and administrative expenses — 65 34 Spin-Off transition costs - Selling, general and administrative expenses 4 32 31 Other cost savings initiatives expenses - Cost of sales 49 — — Other cost savings initiatives expenses - Selling, general and administrative expenses 43 8 — $ 107 $ 290 $ 303
Schedule of Cost Savings Initiative Expenses by Segment	Cost savings initiatives expenses are not included in the results of our reportable segments for management or segment reporting. However, the following table summarizes the total cost savings initiatives expenses related to our reportable segments: For the Year Ended December 27, 2014 Restructuring Program Restructuring Implementation Spin-Off Other Cost Savings Initiatives Expenses Total (in millions) Cheese $ 1 $ 6 $ — $ 12 $ 19 Beverages & Snack Nuts (2 ) 1 — 6 5 Refrigerated Meals — 2 — 29 31 Meal Solutions — 2 — 39 41 International — 1 — 2 3 Other Businesses — — — 3 3 Corporate expenses — — 4 1 5 Total $ (1 ) $ 12 $ 4 $ 92 $ 107 For the Year Ended December 28, 2013 Restructuring Program Restructuring Implementation Spin-Off Other Cost Savings Initiatives Expenses Total (in millions) Cheese $ 26 $ 62 $ — $ — $ 88 Beverages & Snack Nuts 24 27 — — 51 Refrigerated Meals 18 17 — — 35 Meal Solutions 21 19 — — 40 International 10 7 — — 17 Other Businesses 9 10 — — 19 Corporate expenses — — 32 8 40 Total $ 108 $ 142 $ 32 $ 8 $ 290 For the Year Ended December 29, 2012 Restructuring Program Restructuring Implementation Spin-Off Other Cost Savings Initiatives Expenses Total (in millions) Cheese $ 26 $ 72 $ — $ — $ 98 Beverages & Snack Nuts 52 22 — — 74 Refrigerated Meals 19 11 — — 30 Meal Solutions 24 14 — — 38 International 9 5 — — 14 Other Businesses 11 7 — — 18 Corporate expenses — — 31 — 31 Total $ 141 $ 131 $ 31 $ — $ 303
Schedule of Restructuring Costs Liability	At December 27, 2014, the restructuring costs liability balance within other current liabilities was as follows: Severance (in millions) Liability balance, December 28, 2013 $ 19 Restructuring costs (1 ) Cash spent on restructuring costs (12 ) Foreign exchange (1 ) Liability balance, December 27, 2014 $ 5

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 27, 2014
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Our long-term debt consists of the following at December 27, 2014 and December 28, 2013: December 27, December 28, Maturity Date Fixed Interest Rate Payment Period (in millions) Senior unsecured notes $ 1,000 $ 1,000 June 4, 2015 1.625 % Semiannually Senior unsecured notes 400 400 June 15, 2015 7.550 % Semiannually Senior unsecured notes 1,000 1,000 June 5, 2017 2.250 % Semiannually Senior unsecured notes 1,035 1,035 August 23, 2018 6.125 % Semiannually Senior unsecured notes 900 900 February 10, 2020 5.375 % Semiannually Senior unsecured notes 2,000 2,000 June 6, 2022 3.500 % Semiannually Senior unsecured notes 878 878 January 26, 2039 6.875 % Semiannually Senior unsecured notes 787 787 February 9, 2040 6.500 % Semiannually Senior unsecured notes 2,000 2,000 June 4, 2042 5.000 % Semiannually Capital lease obligations 30 31 Other 2 (51 ) Total debt 10,032 9,980 Current portion of long-term debt (1,405 ) (4 ) Total long-term debt $ 8,627 $ 9,976
Aggregate Maturities of Long-term Debt	At December 27, 2014, aggregate maturities of our long-term debt were (in millions): 2015 $ 1,406 2016 6 2017 1,006 2018 1,039 2019 3 Thereafter 6,616

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Dec. 27, 2014
Equity [Abstract]
Capital Stock Table	Shares of common stock issued, in treasury and outstanding were: Shares Treasury Shares Consummation of Spin-Off on October 1, 2012 592,257,298 — 592,257,298 Exercise of stock options, issuance of other stock awards and other 526,398 (19,988 ) 506,410 Balance at December 29, 2012 592,783,696 (19,988 ) 592,763,708 Exercise of stock options, issuance of other stock awards and other 4,059,753 (589,011 ) 3,470,742 Balance at December 28, 2013 596,843,449 (608,999 ) 596,234,450 Shares of common stock repurchased — (13,073,863 ) (13,073,863 ) Exercise of stock options, issuance of other stock awards and other 4,559,367 (388,010 ) 4,171,357 Balance at December 27, 2014 601,402,816 (14,070,872 ) 587,331,944

Stock Plans Stock Plans (Tables

Stock Plans Stock Plans (Tables)	12 Months Ended
	Dec. 27, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted Average Black-Scholes Fair Value Assumptions	Our weighted average Black-Scholes fair value assumptions were as follows: Risk-Free Expected Life Expected Expected Grant Date Kraft Foods Group grants 2014 1.84 % 6 years 19.33 % 3.57 % $ 6.16 2013 1.04 % 6 years 19.40 % 4.26 % $ 4.41 Mondelēz International grants 2012 1.16 % 6 years 20.13 % 3.08 % $ 4.78
Stock Option Activity	Stock option activity for the year ended December 27, 2014 was: Options Outstanding Weighted Average Aggregate Balance at December 28, 2013 16,320,655 $ 35.26 Options granted 2,601,423 55.26 Options exercised (3,610,773 ) 32.08 Options canceled (441,139 ) 44.39 Balance at December 27, 2014 14,870,166 39.26 7 years $ 367 million Exercisable at December 27, 2014 9,666,165 34.02 6 years $ 289 million
Restricted Stock, RSU and Performance Share Activity	Our restricted stock, RSU, and Performance Share activity for the year ended December 27, 2014 was: Number Weighted Average Balance at December 28, 2013 4,149,797 $ 44.99 Granted 1,697,965 57.49 Vested (1,424,627 ) 36.49 Forfeited (365,483 ) 51.52 Balance at December 27, 2014 4,057,652 52.62

Postemployment Benefit Plans (T

Postemployment Benefit Plans (Tables)	12 Months Ended
	Dec. 27, 2014
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Pension Plans-Projected Benefit Obligations, Plan Assets and Funded Status	The projected benefit obligations, plan assets, and funded status of our pension plans at December 27, 2014 and December 28, 2013 were: U.S. Plans Non-U.S. Plans December 27, December 28, December 27, December 28, (in millions) Benefit obligation at beginning of year $ 5,978 $ 7,130 $ 1,267 $ 1,418 Service cost 84 100 14 21 Interest cost 287 287 55 55 Benefits paid (518 ) (316 ) (80 ) (79 ) Actuarial losses / (gains) 1,160 (778 ) 153 (47 ) Plan amendments 16 9 — — Currency — — (101 ) (98 ) Settlements (13 ) (512 ) — — Curtailments — (3 ) — (9 ) Special termination benefits — 61 — 1 Other — — 4 5 Benefit obligation at end of year 6,994 5,978 1,312 1,267 Fair value of plan assets at beginning of year 5,721 5,460 1,253 1,089 Actual return on plan assets 629 654 194 144 Contributions 145 435 16 181 Benefits paid (518 ) (316 ) (80 ) (79 ) Currency — — (101 ) (82 ) Settlements (13 ) (512 ) — — Fair value of plan assets at end of year 5,964 5,721 1,282 1,253 Net pension liability recognized at end of year $ (1,030 ) $ (257 ) $ (30 ) $ (14 )
Pension Plan-Schedule of Amounts Recognized in Balance Sheet	We recognized these amounts in our consolidated balance sheets at December 27, 2014 and December 28, 2013 as follows: December 27, December 28, (in millions) Other assets $ 64 $ 162 Other current liabilities (19 ) (28 ) Accrued pension costs (1,105 ) (405 ) $ (1,060 ) $ (271 )
Pension Plans-Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets	For these plans, the projected benefit obligations, accumulated benefit obligations, and the fair value of plan assets at December 27, 2014 and December 28, 2013 were: U.S. Plans Non-U.S. Plans December 27, 2014 December 28, 2013 December 27, 2014 December 28, 2013 (in millions) Projected benefit obligation $ 6,994 $ 203 $ 55 $ 52 Accumulated benefit obligation 6,777 186 50 44 Fair value of plan assets 5,964 17 — —
Components of Net Cost/(Benefit)	Net pension cost / (benefit) consisted of the following for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: U.S. Plans Non-U.S. Plans For the Years Ended For the Years Ended December 27, December 28, December 29, December 27, December 28, December 29, (in millions) Service cost $ 84 $ 100 $ 32 $ 14 $ 21 $ 12 Interest cost 287 287 70 55 55 32 Expected return on plan assets (325 ) (315 ) (105 ) (60 ) (57 ) (43 ) Actuarial losses / (gains) 783 (1,154 ) (41 ) 12 (128 ) 28 Amortization of prior service costs 5 4 1 — — — Settlements 2 69 — — — — Curtailments 3 (3 ) — — (9 ) — Special termination benefits — 61 — — 1 — Net pension cost / (benefit) $ 839 $ (951 ) $ (43 ) $ 21 $ (117 ) $ 29
Pension Plans-Fair Value of Pension Plan Assets	The fair value of pension plan assets at December 27, 2014 was determined using the following fair value measurements: Asset Category Total Fair Value Quoted Prices Significant Significant (in millions) Non-U.S. equity securities $ 544 $ 526 $ 18 $ — Pooled funds equity securities 2,694 6 2,688 — Total equity securities 3,238 532 2,706 — Government bonds 776 625 151 — Pooled funds fixed-income securities 876 — 876 — Corporate bonds and other fixed-income securities 2,061 — 2,061 — Total fixed-income securities 3,713 625 3,088 — Real estate 235 — — 235 Certain insurance contracts 53 — — 53 Other 7 7 — — Total $ 7,246 $ 1,164 $ 5,794 $ 288 The fair value of pension plan assets at December 28, 2013 was determined using the following fair value measurements: Asset Category Total Fair Value Quoted Prices Significant Significant (in millions) Non-U.S. equity securities $ 645 $ 645 $ — $ — Pooled funds equity securities 3,123 6 3,117 — Total equity securities 3,768 651 3,117 — Government bonds 719 621 98 — Pooled funds fixed-income securities 642 — 642 — Corporate bonds and other fixed-income securities 1,566 1 1,565 — Total fixed-income securities 2,927 622 2,305 — Real estate 214 — — 214 Certain insurance contracts 57 — — 57 Other 8 8 — — Total $ 6,974 $ 1,281 $ 5,422 $ 271
Pension Plans-Schedule of Changes in Level 3 Plan Assets	Changes in our Level 3 plan assets, which are recorded in operations, for the year ended December 27, 2014 included: Asset Category December 28, Net Realized Net Purchases, Net Transfers December 27, (in millions) Real estate $ 214 $ 22 $ (1 ) $ — $ 235 Certain insurance contracts 57 1 (5 ) — 53 Total Level 3 investments $ 271 $ 23 $ (6 ) $ — $ 288 Changes in our Level 3 plan assets, which are recorded in operations, for the year ended December 28, 2013 included: Asset Category December 29, Net Realized Net Purchases, Net Transfers December 28, (in millions) Corporate bonds and other fixed-income securities $ 7 $ — $ (2 ) $ (5 ) $ — Real estate 186 27 1 — 214 Certain insurance contracts 66 4 (13 ) — 57 Total Level 3 investments $ 259 $ 31 $ (14 ) $ (5 ) $ 271
Pension Plans-Asset Category Percentage of Fair Value of Pension Plan Assets	The percentage of fair value of pension plan assets at December 27, 2014 and December 28, 2013 was: U.S. Plans Non-U.S. Plans Asset Category December 27, December 28, December 27, December 28, Equity securities 44 % 52 % 48 % 61 % Fixed-income securities 51 % 43 % 51 % 38 % Real estate 4 % 4 % — % — % Certain insurance contracts and other 1 % 1 % 1 % 1 % Total 100 % 100 % 100 % 100 %
Future Benefit Payments	The estimated future benefit payments from our pension plans at December 27, 2014 were: U.S. Plans Non-U.S. Plans (in millions) 2015 $ 401 $ 66 2016 407 66 2017 418 66 2018 426 66 2019 434 67 2020-2024 2,268 355
Pension Plans | Pension Plans Benefit Obligation
Defined Benefit Plan Disclosure [Line Items]
Schedule of Assumptions Used	We used the following weighted average assumptions to determine our benefit obligations under the pension plans at December 27, 2014 and December 28, 2013: U.S. Plans Non-U.S. Plans December 27, 2014 December 28, 2013 December 27, 2014 December 28, 2013 Discount rate 4.17 % 4.94 % 3.87 % 4.56 % Rate of compensation increase 4.00 % 4.00 % 3.00 % 3.00 %
Pension Plans | Net Periodic Pension Cost
Defined Benefit Plan Disclosure [Line Items]
Schedule of Assumptions Used	We used the following weighted average assumptions to determine our net pension cost for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: U.S. Plans Non-U.S. Plans December 27, December 28, December 29, December 27, December 28, December 29, Discount rate 4.86 % 4.34 % 3.85 % 4.56 % 4.00 % 4.03 % Expected rate of return on plan assets 5.75 % 5.75 % 8.00 % 5.00 % 5.00 % 7.04 % Rate of compensation increase 4.00 % 4.00 % 4.00 % 3.00 % 3.00 % 3.00 %
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Accrued Benefit Obligation	Our postretirement health care plans are not funded. The changes in and the amount of the accrued benefit obligations at December 27, 2014 and December 28, 2013 were: December 27, December 28, (in millions) Accrued benefit obligations at beginning of year $ 3,277 $ 3,738 Service cost 26 35 Interest cost 148 143 Benefits paid (190 ) (188 ) Actuarial losses / (gains) 418 (403 ) Plan amendments (75 ) (40 ) Currency (14 ) (14 ) Special termination benefits — 6 Other 1 — Accrued benefit obligations at end of year $ 3,591 $ 3,277
Postretirement Benefit Plans-Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates	A one-percentage-point change in assumed health care cost trend rates would have the following effects as of December 27, 2014: One-Percentage-Point Increase Decrease (in millions) Effect on annual service and interest cost $ 25 $ (20 ) Effect on postretirement benefit obligation 433 (355 )
Components of Net Cost/(Benefit)	Net postretirement health care cost / (benefit) consisted of the following for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: For the Years Ended December 27, December 28, December 29, (in millions) Service cost $ 26 $ 35 $ 8 Interest cost 148 143 32 Actuarial losses / (gains) 370 (376 ) 188 Amortization of prior service credits (28 ) (26 ) (7 ) Special termination benefits — 5 — Net postretirement health care cost / (benefit) $ 516 $ (219 ) $ 221
Future Benefit Payments	Our estimated future benefit payments for our postretirement health care plans at December 27, 2014 were: (in millions) 2015 $ 196 2016 196 2017 198 2018 199 2019 201 2020-2024 1,019
Postretirement Benefit Plans | Postretirement Benefit Obligation
Defined Benefit Plan Disclosure [Line Items]
Schedule of Assumptions Used	We used the following weighted average assumptions to determine our postretirement benefit obligations at December 27, 2014 and December 28, 2013: December 27, December 28, Discount rate 4.08 % 4.69 % Health care cost trend rate assumed for next year 6.91 % 7.28 % Ultimate trend rate 5.00 % 5.03 % Year that the rate reaches the ultimate trend rate 2023 2023
Postretirement Benefit Plans | Net Postretirement Cost
Defined Benefit Plan Disclosure [Line Items]
Schedule of Assumptions Used	We used the following weighted average assumptions to determine our net postretirement health care cost for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: December 27, December 28, December 29, Discount rate 4.69 % 3.89 % 3.61 % Health care cost trend rate 7.28 % 7.53 % 7.06 %
Other Postemployment Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Accrued Benefit Obligation	The changes in and the amount of the accrued benefit obligation at December 27, 2014 and December 28, 2013 were: December 27, December 28, (in millions) Accrued benefit obligation at beginning of year $ 55 $ 63 Service cost 2 2 Interest cost 2 2 Benefits paid (10 ) (6 ) Actuarial losses / (gains) 19 (2 ) Other (4 ) (4 ) Accrued benefit obligation at end of year $ 64 $ 55
Schedule of Assumptions Used	We used the following weighted average assumptions to determine our other postemployment benefit obligations at December 27, 2014 and December 28, 2013: December 27, December 28, Discount rate 2.86 % 3.10 % Assumed ultimate annual turnover rate 0.50 % 0.50 % Rate of compensation increase 4.00 % 4.00 %
Components of Net Cost/(Benefit)	Net other postemployment cost consisted of the following for the years ended December 27, 2014, December 28, 2013, and December 29, 2012: For the Years Ended December 27, December 28, December 29, Service cost $ 2 $ 2 $ 4 Interest cost 2 2 2 Actuarial losses / (gains) 14 (2 ) 1 Other 5 (1 ) — Net other postemployment cost $ 23 $ 1 $ 7

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 27, 2014
Derivative [Line Items]
Schedule of Derivative Instruments Fair Values	The fair values and the levels within the fair value hierarchy of derivative instruments recorded on the consolidated balance sheets at December 27, 2014 and December 28, 2013 were: December 27, 2014 Quoted Prices in Significant Significant Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Commodity contracts $ 2 $ 5 $ — $ — $ — $ — $ 2 $ 5 Foreign exchange contracts — — 80 — — — 80 — Derivatives not designated as hedging instruments: Commodity contracts 46 99 — 4 — — 46 103 Total fair value $ 48 $ 104 $ 80 $ 4 $ — $ — $ 128 $ 108 December 28, 2013 Quoted Prices in Significant Significant Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Commodity contracts $ 5 $ 4 $ — $ — $ — $ — $ 5 $ 4 Foreign exchange contracts — — 48 — — — 48 — Derivatives not designated as hedging instruments: Commodity contracts 39 20 1 1 — — 40 21 Total fair value $ 44 $ 24 $ 49 $ 1 $ — $ — $ 93 $ 25
Notional Values of Derivative Instruments	The net notional values of our derivative instruments at December 27, 2014 and December 28, 2013 were: Notional Amount December 27, December 28, (in millions) Commodity contracts $ 1,543 $ 1,349 Foreign exchange contracts 1,074 901
Cash Flow Hedge
Derivative [Line Items]
Schedule of Cash Flow Hedge Activity within Accumulated Other Comprehensive Losses, Net of Taxes	Cash flow hedge activity, net of income taxes, within accumulated other comprehensive losses included: For the Years Ended December 27, December 28, December 29, (in millions) Accumulated other comprehensive losses at beginning of period $ (129 ) $ (152 ) $ (18 ) Unrealized gains / (losses): Commodity contracts 18 (16 ) (57 ) Foreign exchange contracts 38 36 (5 ) Interest rate contracts — — (137 ) 56 20 (199 ) Transfer of realized (gains) / losses to earnings: Commodity contracts (18 ) 26 49 Foreign exchange contracts (41 ) (31 ) 1 Interest rate contracts 7 8 19 (52 ) 3 69 Transfer of realized losses from Mondelēz International — — (4 ) Accumulated other comprehensive losses at end of period $ (125 ) $ (129 ) $ (152 )
Cash Flow Hedges-Gains/(Losses) on Ineffectiveness	The gains / (losses) on ineffectiveness recognized in pre-tax earnings were: For the Years Ended December 27, December 28, December 29, (in millions) Commodity contracts $ 1 $ — $ (4 ) Interest rate contracts — — (23 ) Total $ 1 $ — $ (27 )
Economic Hedge
Derivative [Line Items]
Economic Hedges	ains recorded in pre-tax earnings for economic hedges that are not designated as hedging instruments included: For the Years Ended Location of (Losses) / Gains Recognized Earnings December 27, December 28, December 29, (in millions) Commodity contracts $ 26 $ 14 $ 36 Cost of sales Foreign exchange contracts 2 — — Selling, general and administrative expenses $ 28 $ 14 $ 36

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 27, 2014
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Commitments for Operating Leases	As of December 27, 2014, minimum rental commitments under non-cancelable operating leases in effect at year-end were (in millions): 2015 $ 106 2016 85 2017 62 2018 49 2019 41 Thereafter 84 Total $ 427

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 27, 2014
Income Tax Disclosure [Abstract]
Earnings Before Income Taxes and the Provision for Income Taxes	Earnings before income taxes and the provision for income taxes consisted of the following: For the Years Ended December 27, December 28, December 29, (in millions) Earnings before income taxes: United States $ 1,117 $ 3,596 $ 2,156 Outside United States 289 494 297 Total $ 1,406 $ 4,090 $ 2,453 Provision for income taxes: United States federal: Current $ 678 $ 591 $ 209 Deferred (336 ) 566 424 342 1,157 633 State and local: Current (34 ) 34 54 Deferred (26 ) 61 43 (60 ) 95 97 Total United States 282 1,252 730 Outside United States: Current 80 42 78 Deferred 1 81 3 Total outside United States 81 123 81 Total provision for income taxes $ 363 $ 1,375 $ 811
Effective Income Tax Rate Reconciliation	The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate for the following reasons : For the Years Ended December 27, December 28, December 29, U.S. federal statutory rate 35.0 % 35.0 % 35.0 % Increase / (decrease) resulting from: U.S. state and local income taxes, net of federal tax benefit 0.2 % 1.7 % 2.3 % Domestic manufacturing deduction (4.6 )% (1.2 )% (2.7 )% Foreign rate differences (2.2 )% (1.1 )% (1.1 )% Changes in uncertain tax positions (0.9 )% 0.2 % (0.8 )% Other (1.7 )% (1.0 )% 0.4 % Effective tax rate 25.8 % 33.6 % 33.1 %
Unrecognized Tax Benefits	The changes in our unrecognized tax benefits were: For the Years Ended December 27, December 28, December 29, (in millions) Beginning of year $ 259 $ 258 $ 371 Increases from prior period tax positions 26 2 11 Decreases from prior period tax positions (74 ) (5 ) (90 ) Decreases from statute of limitations expirations (14 ) (28 ) — Increases from current period tax positions 67 39 16 Net transfers to Mondelēz International — — (9 ) Decreases relating to settlements with taxing authorities (3 ) (3 ) (33 ) Currency and other (5 ) (4 ) (8 ) End of year $ 256 $ 259 $ 258
Deferred Income Tax Assets and Liabilities	The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following at December 27, 2014 and December 28, 2013: December 27, December 28, (in millions) Deferred income tax assets: Pension benefits $ 407 $ 104 Postretirement benefits 1,355 1,238 Other employee benefits 113 122 Other 471 497 Total deferred income tax assets 2,346 1,961 Valuation allowance (20 ) (3 ) Net deferred income tax assets $ 2,326 $ 1,958 Deferred income tax liabilities: Trade names $ (828 ) $ (828 ) Property, plant and equipment (979 ) (949 ) Debt exchange (350 ) (384 ) Other (66 ) (65 ) Total deferred income tax liabilities (2,223 ) (2,226 ) Net deferred income tax assets / (liabilities) $ 103 $ (268 )

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Losses (Tables)	12 Months Ended
	Dec. 27, 2014
Equity [Abstract]
Components of and Changes in Accumulated Other Comprehensive Losses	The components of, and changes in, accumulated other comprehensive losses were as follows (net of tax): Foreign Postemployment Derivative Total (in millions) Balance at December 29, 2012 $ (359 ) $ 51 $ (152 ) $ (460 ) Other comprehensive (losses) / gains before reclassifications (68 ) 19 20 (29 ) Amounts reclassified from accumulated other comprehensive losses — (13 ) 3 (10 ) Net current-period other comprehensive (losses) / earnings (68 ) 6 23 (39 ) Balance at December 28, 2013 $ (427 ) $ 57 $ (129 ) $ (499 ) Other comprehensive (losses) / gains before reclassifications (91 ) 36 56 1 Amounts reclassified from accumulated other comprehensive losses — (12 ) (52 ) (64 ) Net current-period other comprehensive (losses) / earnings (91 ) 24 4 (63 ) Balance at December 27, 2014 $ (518 ) $ 81 $ (125 ) $ (562 )
Amounts Reclassified From Accumulated Other Comprehensive Losses	Amounts reclassified from accumulated other comprehensive losses in the years ended December 27, 2014 and December 28, 2013 were as follows: Amount Reclassified from Accumulated Other Comprehensive Losses For the Years Ended Details about Accumulated Other Comprehensive Losses Components December 27, December 28, Affected Line Item in (in millions) Derivative hedging (gains) / losses Commodity contracts $ (30 ) $ 42 Cost of sales Foreign exchange contracts (17 ) (11 ) Cost of sales Foreign exchange contracts (50 ) (39 ) Interest and other expense, net Interest rate contracts 13 12 Interest and other expense, net Total before tax (84 ) 4 Earnings before income taxes Tax benefit / (expense) 32 (1 ) Provision for income taxes Net of tax $ (52 ) $ 3 Net earnings Postemployment benefit plan adjustments Amortization of prior service credits $ (23 ) $ (22 ) (1) Curtailments 3 — (1) Total before tax (20 ) (22 ) Earnings before income taxes Tax benefit 8 9 Provision for income taxes Net of tax $ (12 ) $ (13 ) Net earnings (1) These accumulated other comprehensive losses components are included in the computation of net periodic pension and postretirement health care costs. See Note 9, Postemployment Benefit Plans , for additional information.

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	12 Months Ended
	Dec. 27, 2014
Earnings Per Share [Abstract]
Basic and Diluted Earnings per Share	For the Years Ended December 27, December 28, December 29, (in millions, except per share data) Basic EPS: Net earnings $ 1,043 $ 2,715 $ 1,642 Earnings allocated to participating securities 5 12 5 Earnings available to common shareholders - basic $ 1,038 $ 2,703 $ 1,637 Weighted average shares of common stock outstanding 593 594 591 Net earnings per share $ 1.75 $ 4.55 $ 2.77 Diluted EPS: Net earnings $ 1,043 $ 2,715 $ 1,642 Earnings allocated to participating securities 5 12 5 Earnings available to common shareholders - diluted $ 1,038 $ 2,703 $ 1,637 Weighted average shares of common stock outstanding 593 594 591 Effect of dilutive securities 5 5 5 Weighted average shares of common stock, including dilutive effect 598 599 596 Net earnings per share $ 1.74 $ 4.51 $ 2.75

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 27, 2014
Segment Reporting [Abstract]
Net Revenues by Segment	Our segment net revenues and earnings consisted of: For the Years Ended December 27, December 28, December 29, (in millions) Net revenues: Cheese $ 4,066 $ 3,925 $ 3,829 Beverages & Snack Nuts 3,628 3,664 3,711 Refrigerated Meals 3,433 3,334 3,280 Meal Solutions 3,216 3,423 3,538 International 2,304 2,372 2,318 Other Businesses 1,558 1,500 1,595 Net revenues $ 18,205 $ 18,218 $ 18,271
Earnings before Income Taxes by Segment	For the Years Ended December 27, December 28, December 29, (in millions) Earnings before income taxes: Operating income: Cheese $ 675 $ 721 $ 716 Beverages & Snack Nuts 545 504 416 Refrigerated Meals 409 364 409 Meal Solutions 1,073 1,130 1,259 International 451 463 371 Other Businesses 188 172 143 Market-based impacts to postemployment benefit plans (1,341 ) 1,561 (223 ) Certain other postemployment benefit plan income / (expense) 164 61 (82 ) Unrealized (losses) / gains on hedging activities (79 ) 21 13 General corporate expenses (88 ) (116 ) (49 ) Cost savings initiatives expenses (107 ) (290 ) (303 ) Operating income 1,890 4,591 2,670 Interest and other expense, net (484 ) (501 ) (258 ) Royalty income from Mondelēz International — — 41 Earnings before income taxes $ 1,406 $ 4,090 $ 2,453
Depreciation and Amortization Expense By Segment	For the Years Ended December 27, December 28, December 29, (in millions) Depreciation Expense: Cheese $ 57 $ 92 $ 119 Beverages & Snack Nuts 85 82 81 Refrigerated Meals 87 84 76 Meal Solutions 85 64 85 International 37 38 31 Other Businesses 33 33 36 Total depreciation expense $ 384 $ 393 $ 428
Capital Expenditures by Segment	For the Years Ended December 27, December 28, December 29, (in millions) Capital expenditures: Cheese $ 152 $ 150 $ 84 Beverages & Snack Nuts 136 171 146 Refrigerated Meals 110 80 83 Meal Solutions 66 76 83 International 53 60 33 Other Businesses 18 20 11 Total capital expenditures $ 535 $ 557 $ 440
Net Revenues by Geographic Segment	For the Years Ended December 27, December 28, December 29, (in millions) Net revenues: United States $ 15,753 $ 15,676 $ 15,752 Canada 2,177 2,302 2,306 Exports 275 240 213 Total net revenues $ 18,205 $ 18,218 $ 18,271
Long-lived Assets by Geographic Segment	December 27, December 28, (in millions) Long-lived assets: United States $ 16,536 $ 16,516 Canada 1,620 1,724 Total long-lived assets $ 18,156 $ 18,240
Net Revenues by Product Categories	Net revenues by product categories were: For the Years Ended December 27, 2014 December 28, 2013 December 29, 2012 (in millions) Cheese and dairy $ 5,954 $ 5,744 $ 5,591 Meat and meat alternatives 2,691 2,643 2,659 Meals 2,033 2,047 1,973 Refreshment beverages 1,762 1,817 1,863 Enhancers 1,601 1,705 1,868 Coffee 1,456 1,460 1,450 Desserts, toppings and baking 1,042 1,142 1,213 Nuts and salted snacks 1,036 997 986 Other 630 663 668 Total net revenues $ 18,205 $ 18,218 $ 18,271

Quarterly Financial Data (Una41

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 27, 2014
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	2014 Quarters First Second Third Fourth (in millions, except per share data) Net revenues $ 4,362 $ 4,747 $ 4,400 $ 4,696 Gross profit $ 1,560 $ 1,521 $ 1,292 $ 472 Net earnings / (loss) $ 513 $ 482 $ 446 $ (398 ) Per share data: Basic earnings / (loss) per share $ 0.86 $ 0.81 $ 0.75 $ (0.68 ) Diluted earnings / (loss) per share $ 0.85 $ 0.80 $ 0.74 $ (0.68 ) Dividends declared $ 0.525 $ 0.525 $ — $ 1.10 Market price – high $ 56.56 $ 60.60 $ 61.10 $ 64.47 – low $ 50.54 $ 55.47 $ 53.33 $ 53.63 2013 Quarters First Second Third Fourth (in millions, except per share data) Net revenues $ 4,513 $ 4,716 $ 4,394 $ 4,595 Gross profit $ 1,470 $ 1,936 $ 1,486 $ 1,932 Net earnings $ 456 $ 829 $ 500 $ 931 Per share data: Basic earnings per share $ 0.77 $ 1.39 $ 0.84 $ 1.56 Diluted earnings per share $ 0.76 $ 1.38 $ 0.83 $ 1.54 Dividends declared $ 0.50 $ 0.50 $ — $ 1.05 Market price – high $ 52.29 $ 57.84 $ 58.76 $ 55.93 – low $ 44.16 $ 49.79 $ 51.20 $ 51.72

Summary of Significant Accoun42

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	Oct. 01, 2012shares	Dec. 27, 2014USD ($)shares	Dec. 28, 2013USD ($)shares	Dec. 29, 2012USD ($)shares
Summary of Significant Accounting Policies [Line Items]
Common stock, shares issued | shares	592,000,000	601,402,816	596,843,449	592,783,696
Description of shares distributed in connection with Spin-Off	Holders of Mondelēz International common stock received one share of Kraft Foods Group common stock for every three shares of Mondelēz International common stock held on September 19, 2012.
Stock distribution ratio received in Spin-Off	0.3333
Cash and cash equivalents maximum maturity period		3 months
Advertising expense		$ 652	$ 747	$ 640
Research and development expense		$ 149	$ 142	$ 143
Active environmental proceedings		56
Maximum | Machinery and Equipment
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life		20 years
Maximum | Building and Improvements
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life		40 years
Maximum | Software Costs
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life		7 years
Minimum | Machinery and Equipment
Summary of Significant Accounting Policies [Line Items]
Property, plant and equipment, estimated useful life		3 years

Components of Inventories (Deta

Components of Inventories (Detail) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013
Inventory Disclosure [Abstract]
Raw materials	$ 481	$ 453
Work in process	296	294
Finished product	998	869
Inventories	$ 1,775	$ 1,616

Property, Plant and Equipment44

Property, Plant and Equipment (Detail) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013
Property, Plant and Equipment [Abstract]
Land	$ 79	$ 72
Buildings and improvements	1,881	1,806
Machinery and equipment	5,619	5,584
Construction in progress	464	360
Property, plant and equipment, gross	8,043	7,822
Accumulated depreciation	(3,851)	(3,707)
Property, plant and equipment, net	$ 4,192	$ 4,115

Property, Plant and Equipment P

Property, Plant and Equipment Property, Plant and Equipment Additional Information (Detail) - 12 months ended Dec. 28, 2013 $ in Millions	USD ($)Property
Property, Plant and Equipment [Abstract]
Number of headquarters facilities sold and leased back | Property	2
Loss on sale of headquarters facilities	$ (36)
Net proceeds from sale	$ 101

Schedule of Goodwill by Reporta

Schedule of Goodwill by Reportable Segment (Detail) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013
Goodwill [Line Items]
Goodwill	$ 11,404	$ 11,505
Cheese
Goodwill [Line Items]
Goodwill	3,000	3,000
Beverages & Snack Nuts
Goodwill [Line Items]
Goodwill	2,460	2,460
Refrigerated Meals
Goodwill [Line Items]
Goodwill	985	985
Meal Solutions
Goodwill [Line Items]
Goodwill	3,046	3,046
International
Goodwill [Line Items]
Goodwill	1,061	1,151
Other Businesses
Goodwill [Line Items]
Goodwill	$ 852	$ 863

Goodwill and Intangible Asset47

Goodwill and Intangible Assets - Additional Information (Detail) - Dec. 27, 2014 - USD ($) $ in Millions	Total
Goodwill and Intangible Assets Disclosure [Line Items]
Impact of foreign currency on Goodwill	$ (101)
Maximum
Goodwill and Intangible Assets Disclosure [Line Items]
Percent of excess fair value over carrying value	20.00%
Meal Solutions trademark 1
Goodwill and Intangible Assets Disclosure [Line Items]
Trademark carrying amount	$ 958
Meal Solutions trademark 2
Goodwill and Intangible Assets Disclosure [Line Items]
Trademark carrying amount	$ 261

Total Cost Savings Initiatives

Total Cost Savings Initiatives Expenses (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ (1)	$ 108	$ 141
Implementation costs	12	142	131
Spin-Off transition costs	4	32	31
Other cost savings initiatives expenses	92	8	0
Total cost savings initiatives expenses	107	290	303
Asset Impairment and Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring costs	(1)	108	141
Cost of Sales
Restructuring Cost and Reserve [Line Items]
Implementation costs	12	77	97
Other cost savings initiatives expenses	49	0	0
Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Implementation costs	0	65	34
Spin-Off transition costs	4	32	31
Other cost savings initiatives expenses	$ 43	$ 8	$ 0

Cost Savings Initiatives Expens

Cost Savings Initiatives Expenses by Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ (1)	$ 108	$ 141
Implementation costs	12	142	131
Spin-Off transition costs	4	32	31
Other cost savings initiatives expenses	92	8	0
Total cost savings initiatives expenses	107	290	303
Cheese
Restructuring Cost and Reserve [Line Items]
Restructuring costs	1	26	26
Implementation costs	6	62	72
Spin-Off transition costs	0	0	0
Other cost savings initiatives expenses	12	0	0
Total cost savings initiatives expenses	19	88	98
Beverages & Snack Nuts
Restructuring Cost and Reserve [Line Items]
Restructuring costs	(2)	24	52
Implementation costs	1	27	22
Spin-Off transition costs	0	0	0
Other cost savings initiatives expenses	6	0	0
Total cost savings initiatives expenses	5	51	74
Refrigerated Meals
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	18	19
Implementation costs	2	17	11
Spin-Off transition costs	0	0	0
Other cost savings initiatives expenses	29	0	0
Total cost savings initiatives expenses	31	35	30
Meal Solutions
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	21	24
Implementation costs	2	19	14
Spin-Off transition costs	0	0	0
Other cost savings initiatives expenses	39	0	0
Total cost savings initiatives expenses	41	40	38
International
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	10	9
Implementation costs	1	7	5
Spin-Off transition costs	0	0	0
Other cost savings initiatives expenses	2	0	0
Total cost savings initiatives expenses	3	17	14
Other Businesses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	9	11
Implementation costs	0	10	7
Spin-Off transition costs	0	0	0
Other cost savings initiatives expenses	3	0	0
Total cost savings initiatives expenses	3	19	18
Corporate expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	0	0
Implementation costs	0	0	0
Spin-Off transition costs	4	32	31
Other cost savings initiatives expenses	1	8	0
Total cost savings initiatives expenses	$ 5	$ 40	$ 31

Cost Savings Initiatives - Addi

Cost Savings Initiatives - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Restructuring and Related Activities [Abstract]
Restructuring Program costs since inception	$ 600
Restructuring Program cash spent since inception	291
Restructuring Program cash spent	30	$ 150	$ 111
Restructuring Program non-cash costs incurred	$ 0	$ 157	$ 151

Schedule of Restructuring Costs

Schedule of Restructuring Costs Liability (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ (1)	$ 108	$ 141
Severance and Related Costs
Restructuring Cost and Reserve [Line Items]
Liability balance, beginning of period	19
Restructuring costs	(1)
Cash spent on restructuring costs	(12)
Foreign exchange	(1)
Liability balance, end of period	$ 5	$ 19

Debt - Additional Information (

Debt - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012	May. 18, 2012
Debt Disclosure [Abstract]
Line of credit facility, maximum borrowing capacity	$ 3,000,000,000			$ 3,000,000,000
Line of credit facility, expiration date	May 29, 2019
Line of credit facility, potential increase in borrowing capacity	$ 1,000,000,000
Revolving credit agreement minimum total shareholders equity required to maintain	2,400,000,000
Amounts drawn on line of credit	0
Long-term debt, fair value	11,000,000,000
Long-term debt, carrying value	10,032,000,000	$ 9,980,000,000
Interest and Debt Expense	$ 484,000,000	$ 501,000,000	$ 258,000,000

Debt Schedule of Long-term Debt

Debt Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Debt Instrument [Line Items]
Capital lease obligations	$ 30	$ 31
Other	2	(51)
Total debt	10,032	9,980
Current portion of long-term debt	(1,405)	(4)
Total long-term debt	8,627	9,976
Senior Unsecured Notes, 1.625%, Due June 4, 2015
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 1,000	1,000
Debt instrument, maturity date	Jun. 4, 2015
Debt instrument, fixed interest rate	1.625%
Debt instrument, payment period	Semiannually
Senior Unsecured Notes, 7.550%, Due June 15, 2015
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 400	400
Debt instrument, maturity date	Jun. 15, 2015
Debt instrument, fixed interest rate	7.55%
Debt instrument, payment period	Semiannually
Senior Unsecured Notes, 2.250%, Due June 5, 2017
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 1,000	1,000
Debt instrument, maturity date	Jun. 5, 2017
Debt instrument, fixed interest rate	2.25%
Debt instrument, payment period	Semiannually
Senior Unsecured Notes, 6.125%, Due August 23, 2018
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 1,035	1,035
Debt instrument, maturity date	Aug. 23, 2018
Debt instrument, fixed interest rate	6.125%
Debt instrument, payment period	Semiannually
Senior Unsecured Notes, 5.375%, Due February 10, 2020
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 900	900
Debt instrument, maturity date	Feb. 10, 2020
Debt instrument, fixed interest rate	5.375%
Debt instrument, payment period	Semiannually
Senior Unsecured Notes, 3.500%, Due June 6, 2022
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 2,000	2,000
Debt instrument, maturity date	Jun. 6, 2022
Debt instrument, fixed interest rate	3.50%
Debt instrument, payment period	Semiannually
Senior Unsecured Notes, 6.875%, Due January 26, 2039
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 878	878
Debt instrument, maturity date	Jan. 26, 2039
Debt instrument, fixed interest rate	6.875%
Debt instrument, payment period	Semiannually
Senior Unsecured Notes, 6.500%, Due February 9, 2040
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 787	787
Debt instrument, maturity date	Feb. 9, 2040
Debt instrument, fixed interest rate	6.50%
Debt instrument, payment period	Semiannually
Senior Unsecured Notes, 5.000%, Due June 4, 2042
Debt Instrument [Line Items]
Debt instrument, principal amount	$ 2,000	$ 2,000
Debt instrument, maturity date	Jun. 4, 2042
Debt instrument, fixed interest rate	5.00%
Debt instrument, payment period	Semiannually

Aggregate Maturities of Long-Te

Aggregate Maturities of Long-Term Debt (Details) $ in Millions	Dec. 27, 2014USD ($)
Debt Disclosure [Abstract]
2,015	$ 1,406
2,016	6
2,017	1,006
2,018	1,039
2,019	3
Thereafter	$ 6,616

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 17, 2013	Dec. 29, 2012
Class of Stock [Line Items]
Common stock, shares authorized	5,000,000,000	5,000,000,000
Preferred stock, shares authorized	500,000,000
Common stock, shares outstanding	587,331,944	596,234,450		592,763,708
Preferred Stock-Shares Issued	0	0		0
Preferred Stock-Shares Outstanding	0	0		0
Share Repurchase Program- Authorized Amount			$ 3,000
Shares of common stock repurchased	(13,073,863)	0
Shares of common stock repurchased, value	$ (746)
Treasury shares repurchased, amount accrued	$ (6)
Restricted Stock
Class of Stock [Line Items]
Common stock, shares outstanding	300,000

Capital Stock (Detail)

Capital Stock (Detail) - shares	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Equity [Abstract]
Consummation of Spin-Off on October 1, 2012			592,257,298
Common stock, shares issued, beginning of period	596,843,449	592,783,696
Treasury Shares, beginning of period	(608,999)	(19,988)
Common stock, shares outstanding, beginning of period	596,234,450	592,763,708
Shares of common stock repurchased	(13,073,863)	0
Exercise of stock options, issuance of other stock awards and other-Shares Issued	4,559,367	4,059,753	526,398
Exercise of stock options, issuance of other stock awards and other-Treasury Shares	(388,010)	(589,011)	(19,988)
Exercise of stock options, issuance of other stock awards and other-Shares Outstanding	4,171,357	3,470,742	506,410
Common stock, shares issued, end of period	601,402,816	596,843,449	592,783,696
Treasury Shares, end of period	(14,070,872)	(608,999)	(19,988)
Common stock, shares outstanding, end of period	587,331,944	596,234,450	592,763,708

Stock Plans - Additional Inform

Stock Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		12 Months Ended
	Feb. 22, 2014	Mar. 30, 2013	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to be issued under stock plan			72,000,000
Shares available to be granted under stock plan			32,293,456
Stock compensation settlement with Mondelēz International		$ 55
Costs Allocated From Mondelēz International
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense					$ 39
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable options maximum term, years			10 years
Stock-based compensation expense			$ 18	$ 18	5
Deferred tax benefit related to compensation expense			6	6	2
Unamortized compensation expense related to stock options			$ 15
Unamortized compensation expense recognition period			2 years
Intrinsic value of stock options exercised			$ 93	69	8
Cash received from options exercised			115	96	15
Tax benefit realized for the tax deductions from the option exercises			22	20	1
Restricted Stock, RSUs and Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			77	47	11
Deferred tax benefit related to compensation expense			28	$ 17	$ 4
Unamortized compensation expense related to restricted stock, RSUs and Performance Shares			$ 97
Unamortized compensation expense recognition period			2 years
Number of shares, granted			1,697,965
Weighted average grant date fair value per share, granted			$ 57.49
Number of shares, vested			(1,424,627)
Fair value of restricted stock, RSUs and Performance Shares vested			$ (79)
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, granted	500,000		300,000
Weighted average grant date fair value per share, granted	$ 55.17		$ 56.80
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, granted	800,000
Weighted average grant date fair value per share, granted	$ 59.97
Performance Shares 2011-2013 Award Cycle
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, granted	100,000
Weighted average grant date fair value per share, granted	$ 34.37

Stock Plans Weighted Average Bl

Stock Plans Weighted Average Black-Scholes Fair Value Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Kraft Foods Group grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.84%	1.04%
Expected life	6 years	6 years
Expected volatility	19.33%	19.40%
Expected dividend yield	3.57%	4.26%
Fair value at grant date	$ 6.16	$ 4.41
Mondelēz International grants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			1.16%
Expected life			6 years
Expected volatility			20.13%
Expected dividend yield			3.08%
Fair value at grant date			$ 4.78

Stock Plans Stock Option Activi

Stock Plans Stock Option Activity (Details) - Dec. 27, 2014 - USD ($) $ / shares in Units, $ in Millions	Total
Options Outstanding
Options outstanding, beginning balance	16,320,655
Options outstanding, options granted	2,601,423
Options outstanding, options exercised	(3,610,773)
Options outstanding, options canceled	(441,139)
Options outstanding, ending balance	14,870,166
Options outstanding, exercisable	9,666,165
Weighted Average Exercise Price
Weighted average exercise price, beginning balance	$ 35.26
Weighted average exercise price, options granted	55.26
Weighted average exercise price, options exercised	32.08
Weighted average exercise price, options canceled	44.39
Weighted average exercise price, ending balance	39.26
Weighted average exercise price, exercisable	$ 34.02
Average Remaining Contractual Term
Average remaining contractual term, ending balance	7 years
Average remaining contractual term, exercisable	6 years
Aggregate Intrinsic Value
Aggregate intrinsic value, ending balance	$ 367
Aggregate intrinsic value, exercisable	$ 289

Stock Plans Restricted Stock, R

Stock Plans Restricted Stock, RSU and Performance Share Activity (Details) - 12 months ended Dec. 27, 2014 - Restricted Stock, RSUs and Performance Shares - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares, beginning balance	4,149,797
Number of shares, granted	1,697,965
Number of shares, vested	(1,424,627)
Number of shares, forfeited	(365,483)
Number of shares, ending balance	4,057,652
Weighted average grant date fair value per share, beginning balance	$ 44.99
Weighted average grant date fair value per share, granted	57.49
Weighted average grant date fair value per share, vested	36.49
Weighted average grant date fair value per share, forfeited	51.52
Weighted average grant date fair value per share, ending balance	$ 52.62

Pension Plans- Projected Benefi

Pension Plans- Projected Benefit Obligations, Plan Assets and Funded Status (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	$ 6,974
Fair value of plan assets at end of year	7,246	$ 6,974
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation at beginning of year	5,978	7,130
Service cost	84	100	$ 32
Interest cost	287	287	70
Benefits paid	(518)	(316)
Actuarial losses / (gains)	1,160	(778)
Plan amendments	16	9
Currency	0	0
Settlements	(13)	(512)
Curtailments	0	(3)
Special termination benefits	0	61
Other	0	0
Benefit obligation at end of year	6,994	5,978	7,130
Fair value of plan assets at beginning of year	5,721	5,460
Actual return on plan assets	629	654
Contributions	145	435
Currency	0	0
Settlements	(13)	(512)
Fair value of plan assets at end of year	5,964	5,721	5,460
Net pension liability recognized at end of year	(1,030)	(257)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation at beginning of year	1,267	1,418
Service cost	14	21	12
Interest cost	55	55	32
Benefits paid	(80)	(79)
Actuarial losses / (gains)	153	(47)
Plan amendments	0	0
Currency	(101)	(98)
Settlements	0	0
Curtailments	0	(9)
Special termination benefits	0	1
Other	4	5
Benefit obligation at end of year	1,312	1,267	1,418
Fair value of plan assets at beginning of year	1,253	1,089
Actual return on plan assets	194	144
Contributions	16	181
Currency	(101)	(82)
Settlements	0	0
Fair value of plan assets at end of year	1,282	1,253	$ 1,089
Net pension liability recognized at end of year	$ (30)	$ (14)

Postemployment Benefit Plans -

Postemployment Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012	Oct. 01, 2012	Sep. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Net pension liability recognized				$ (5,600)	$ (100)
Market-based impacts	$ 1,341	$ (1,561)	$ 223
Defined contribution plans expense	70	61	12
Costs Allocated From Mondelēz International
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan net cost / (benefit)			491
Net Benefit Plan Liabilities Assumed From Mondelēz International
Defined Benefit Plan Disclosure [Line Items]
Net pension liability recognized				$ (5,500)
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	6,777	5,781
Settlements	2	69	0
Special termination benefits	0	61	0
Estimated future employer contributions in next year	170
Employer contribution	145
Defined benefit plan net cost / (benefit)	$ 839	(951)	(43)
U.S. Plans | Fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	80.00%
U.S. investment grade fixed-income securities percentage of total fixed-income securities	97.00%
U.S. Plans | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	20.00%
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	$ 1,231	1,191
Settlements	0	0	0
Special termination benefits	0	1	0
Estimated future employer contributions in next year	25
Employer contribution	12
Employee contributions	4	5
Defined benefit plan net cost / (benefit)	$ 21	(117)	29
Non-U.S. Plans | Fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	70.00%
Non-U.S. Plans | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations	30.00%
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net pension liability recognized	$ (1,060)	(271)
Market-based impacts	$ 784	$ (1,268)	(29)
Percentage point (decrease) / increase in discount rate	(0.75%)	0.80%
Impact from updated mortality assumptions	$ 429
Settlements		$ 69
Special termination benefits		62
Expected amortization of prior service costs/(credits) during 2015	7
Pension Plans | Costs Allocated From Mondelēz International
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan net cost / (benefit)			283
Pension Plans | Inventories
Defined Benefit Plan Disclosure [Line Items]
Market-based impacts	41	(34)
Pension Plans | Cost of Sales
Defined Benefit Plan Disclosure [Line Items]
Market-based impacts	477	(707)
Pension Plans | Selling, General and Administrative Expenses
Defined Benefit Plan Disclosure [Line Items]
Market-based impacts	307	(561)
Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Market-based impacts	$ 556	$ (292)	250
Percentage point (decrease) / increase in discount rate	(0.60%)	0.80%
Impact from updated mortality assumptions	$ 328
Special termination benefits	0	$ 5	0
Expected amortization of prior service costs/(credits) during 2015	(33)
Defined benefit plan net cost / (benefit)	516	(219)	221
Postretirement Benefit Plans | Costs Allocated From Mondelēz International
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan net cost / (benefit)			142
Postretirement Benefit Plans | Inventories
Defined Benefit Plan Disclosure [Line Items]
Market-based impacts	36	(15)
Postretirement Benefit Plans | Cost of Sales
Defined Benefit Plan Disclosure [Line Items]
Market-based impacts	424
Postretirement Benefit Plans | Selling, General and Administrative Expenses
Defined Benefit Plan Disclosure [Line Items]
Market-based impacts	132
Other Postemployment Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Expected amortization of prior service costs/(credits) during 2015	0
Defined benefit plan net cost / (benefit)	$ 23	$ 1	$ 7

Pension Plans-Schedule of Amoun

Pension Plans-Schedule of Amounts Recognized in Balance Sheet(Detail) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013	Oct. 01, 2012	Sep. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Accrued pension costs	$ (1,105)	$ (405)
Net pension liability recognized			$ (5,600)	$ (100)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Other assets	64	162
Other current liabilities	(19)	(28)
Accrued pension costs	(1,105)	(405)
Net pension liability recognized	$ (1,060)	$ (271)

Pension Plans-Projected Benefit

Pension Plans-Projected Benefit Obligations, Accumulated Benefit Obligations and Fair Value of Plan Assets (Detail) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 6,994	$ 203
Accumulated benefit obligation	6,777	186
Fair value of plan assets	5,964	17
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	55	52
Accumulated benefit obligation	50	44
Fair value of plan assets	$ 0	$ 0

Pension Plans-Weighted Average

Pension Plans-Weighted Average Assumptions Used to Determine Benefit Obligations (Detail)	Dec. 27, 2014	Dec. 28, 2013
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.17%	4.94%
Rate of compensation increase	4.00%	4.00%
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.87%	4.56%
Rate of compensation increase	3.00%	3.00%

Pension Plans-Components of Net

Pension Plans-Components of Net Pension Cost/(Benefit) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 84	$ 100	$ 32
Interest cost	287	287	70
Expected return on plan assets	(325)	(315)	(105)
Actuarial losses / (gains)	783	(1,154)	(41)
Amortization of prior service costs	5	4	1
Settlements	2	69	0
Curtailments	3	(3)	0
Special termination benefits	0	61	0
Defined benefit plan net cost / (benefit)	839	(951)	(43)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	14	21	12
Interest cost	55	55	32
Expected return on plan assets	(60)	(57)	(43)
Actuarial losses / (gains)	12	(128)	28
Amortization of prior service costs	0	0	0
Settlements	0	0	0
Curtailments	0	(9)	0
Special termination benefits	0	1	0
Defined benefit plan net cost / (benefit)	$ 21	$ (117)	$ 29

Pension Plans-Weighted Averag67

Pension Plans-Weighted Average Assumptions Used to Determine Net Pension Cost (Detail)	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.86%	4.34%	3.85%
Expected rate of return on plan assets	5.75%	5.75%	8.00%
Rate of compensation increase	4.00%	4.00%	4.00%
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.56%	4.00%	4.03%
Expected rate of return on plan assets	5.00%	5.00%	7.04%
Rate of compensation increase	3.00%	3.00%	3.00%

Pension Plans-Fair Value of Pen

Pension Plans-Fair Value of Pension Plan Assets (Detail) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 7,246	$ 6,974
Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1,164	1,281
Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	5,794	5,422
Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	288	271	$ 259
Non-U.S. equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	544	645
Non-U.S. equity securities | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	526	645
Non-U.S. equity securities | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	18	0
Non-U.S. equity securities | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pooled funds equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,694	3,123
Pooled funds equity securities | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	6	6
Pooled funds equity securities | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,688	3,117
Pooled funds equity securities | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,238	3,768
Equity securities | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	532	651
Equity securities | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,706	3,117
Equity securities | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	776	719
Government bonds | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	625	621
Government bonds | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	151	98
Government bonds | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pooled funds fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	876	642
Pooled funds fixed-income securities | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Pooled funds fixed-income securities | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	876	642
Pooled funds fixed-income securities | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Corporate bonds and other fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,061	1,566
Corporate bonds and other fixed-income securities | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	1
Corporate bonds and other fixed-income securities | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,061	1,565
Corporate bonds and other fixed-income securities | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0	7
Fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,713	2,927
Fixed-income securities | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	625	622
Fixed-income securities | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,088	2,305
Fixed-income securities | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	235	214
Real estate | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Real estate | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	235	214	186
Certain insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	53	57
Certain insurance contracts | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Certain insurance contracts | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Certain insurance contracts | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	53	57	$ 66
Other
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7	8
Other | Fair Value, Inputs, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7	8
Other | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Other | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 0	$ 0

Pension Plans-Schedule of Chang

Pension Plans-Schedule of Changes in Level 3 Plan Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	$ 6,974
Fair value of plan assets at end of year	7,246	$ 6,974
Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	271	259
Net realized and unrealized gains / (losses)	23	31
Net purchases, issuances and settlements	(6)	(14)
Net transfers into / (out of) level 3	0	(5)
Fair value of plan assets at end of year	288	271
Corporate bonds and other fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	1,566
Fair value of plan assets at end of year	2,061	1,566
Corporate bonds and other fixed-income securities | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	0	7
Net realized and unrealized gains / (losses)		0
Net purchases, issuances and settlements		(2)
Net transfers into / (out of) level 3		(5)
Fair value of plan assets at end of year	0	0
Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	214
Fair value of plan assets at end of year	235	214
Real estate | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	214	186
Net realized and unrealized gains / (losses)	22	27
Net purchases, issuances and settlements	(1)	1
Net transfers into / (out of) level 3	0	0
Fair value of plan assets at end of year	235	214
Certain insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	57
Fair value of plan assets at end of year	53	57
Certain insurance contracts | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at beginning of year	57	66
Net realized and unrealized gains / (losses)	1	4
Net purchases, issuances and settlements	(5)	(13)
Net transfers into / (out of) level 3	0	0
Fair value of plan assets at end of year	$ 53	$ 57

Pension Plans- Asset Category P

Pension Plans- Asset Category Percentage of Fair Value of Pension Plan Assets (Detail)	Dec. 27, 2014	Dec. 28, 2013
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	100.00%	100.00%
U.S. Plans | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	44.00%	52.00%
U.S. Plans | Fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	51.00%	43.00%
U.S. Plans | Real estate
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	4.00%	4.00%
U.S. Plans | Certain insurance costs and other
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	1.00%	1.00%
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	100.00%	100.00%
Non-U.S. Plans | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	48.00%	61.00%
Non-U.S. Plans | Fixed-income securities
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	51.00%	38.00%
Non-U.S. Plans | Real estate
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	0.00%	0.00%
Non-U.S. Plans | Certain insurance costs and other
Defined Benefit Plan Disclosure [Line Items]
Actual plan asset allocations	1.00%	1.00%

Pension Plans-Future Benefit Pa

Pension Plans-Future Benefit Payments (Detail) $ in Millions	Dec. 27, 2014USD ($)
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Expected future benefit payments, 2015	$ 401
Expected future benefit payments, 2016	407
Expected future benefit payments, 2017	418
Expected future benefit payments, 2018	426
Expected future benefit payments, 2019	434
Expected future benefit payments, 2020-2024	2,268
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Expected future benefit payments, 2015	66
Expected future benefit payments, 2016	66
Expected future benefit payments, 2017	66
Expected future benefit payments, 2018	66
Expected future benefit payments, 2019	67
Expected future benefit payments, 2020-2024	$ 355

Postretirement Benefit Plans- A

Postretirement Benefit Plans- Accrued Benefit Obligation (Detail) - Postretirement Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation at beginning of year	$ 3,277	$ 3,738
Service cost	26	35	$ 8
Interest cost	148	143	32
Benefits paid	(190)	(188)
Actuarial losses / (gains)	418	(403)
Plan amendments	(75)	(40)
Currency	(14)	(14)
Special termination benefits	0	6
Other	1	0
Benefit obligation at end of year	$ 3,591	$ 3,277	$ 3,738

Postretirement Benefit Plans-We

Postretirement Benefit Plans-Weighted Average Assumptions Used to Determine Postretirement Benefit Obligations (Detail) - Postretirement Benefit Plans	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.08%	4.69%
Health care cost trend rate assumed for next year	6.91%	7.28%
Ultimate trend rate	5.00%	5.03%
Year that rate reaches the ultimate trend rate	2,023	2,023

Postretirment Benefit Plans- Ef

Postretirment Benefit Plans- Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates (Detail) - Postretirement Benefit Plans $ in Millions	12 Months Ended
	Dec. 27, 2014USD ($)
Defined Benefit Plan Disclosure [Line Items]
Effect on annual service and interest cost, increase	$ 25
Effect on annual service and interest cost, decrease	(20)
Effect on postretirement benefit obligation, increase	433
Effect on postretirement benefit obligation, decrease	$ (355)

Postretirement Benefit Plans-Co

Postretirement Benefit Plans-Components of Net Postretirement Health Care Cost/(Benefit) (Detail) - Postretirement Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 26	$ 35	$ 8
Interest cost	148	143	32
Actuarial losses / (gains)	370	(376)	188
Amortization of prior service credits	(28)	(26)	(7)
Special termination benefits	0	5	0
Defined benefit plan net cost / (benefit)	$ 516	$ (219)	$ 221

Postretirement Benefit Plans-76

Postretirement Benefit Plans-Weighted Average Assumptions Used to Determine Net Postretirement Cost (Detail) - Postretirement Benefit Plans	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.69%	3.89%	3.61%
Health care cost trend rate	7.28%	7.53%	7.06%

Postretirement Benefit Plans-Fu

Postretirement Benefit Plans-Future Benefit Payments (Detail) - Postretirement Benefit Plans $ in Millions	Dec. 27, 2014USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected future benefit payments, 2015	$ 196
Expected future benefit payments, 2016	196
Expected future benefit payments, 2017	198
Expected future benefit payments, 2018	199
Expected future benefit payments, 2019	201
Expected future benefit payments, 2020-2024	$ 1,019

Other Postemployment-Accrued Be

Other Postemployment-Accrued Benefit Obligation (Detail) - Other Postemployment Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit obligation at beginning of year	$ 55	$ 63
Service cost	2	2	$ 4
Interest cost	2	2	2
Benefits paid	(10)	(6)
Actuarial losses / (gains)	19	(2)
Other	(4)	(4)
Accrued benefit obligation at end of year	$ 64	$ 55	$ 63

Other Postemployment-Weighted A

Other Postemployment-Weighted Average Assumptions Used to Determine Other Postemployment Benefit Obligations (Detail) (Details) - Other Postemployment Benefit Plans	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013
Defined Benefit Plan Disclosure [Line Items]
Discount rate	2.86%	3.10%
Assumed ultimate annual turnover rate	0.50%	0.50%
Rate of compensation increase	4.00%	4.00%

Other Postemployment-Components

Other Postemployment-Components of Net Postemployment Cost/ (Benefit)(Detail) - Other Postemployment Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2	$ 2	$ 4
Interest cost	2	2	2
Actuarial losses / (gains)	14	(2)	1
Other	5	(1)	0
Defined benefit plan net cost / (benefit)	$ 23	$ 1	$ 7

Schedule of Derivative Instrume

Schedule of Derivative Instruments Fair Values(Detail) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013
Derivative [Line Items]
Asset derivatives	$ 128	$ 93
Liability derivatives	108	25
Designated as Hedging Instrument | Commodity Contracts
Derivative [Line Items]
Asset derivatives	2	5
Liability derivatives	5	4
Designated as Hedging Instrument | Foreign Exchange Contracts
Derivative [Line Items]
Asset derivatives	80	48
Liability derivatives	0	0
Not Designated as Hedging Instrument | Commodity Contracts
Derivative [Line Items]
Asset derivatives	46	40
Liability derivatives	103	21
Fair Value, Inputs, Level 1
Derivative [Line Items]
Asset derivatives	48	44
Liability derivatives	104	24
Fair Value, Inputs, Level 1 | Designated as Hedging Instrument | Commodity Contracts
Derivative [Line Items]
Asset derivatives	2	5
Liability derivatives	5	4
Fair Value, Inputs, Level 1 | Designated as Hedging Instrument | Foreign Exchange Contracts
Derivative [Line Items]
Asset derivatives	0	0
Liability derivatives	0	0
Fair Value, Inputs, Level 1 | Not Designated as Hedging Instrument | Commodity Contracts
Derivative [Line Items]
Asset derivatives	46	39
Liability derivatives	99	20
Fair Value, Inputs, Level 2
Derivative [Line Items]
Asset derivatives	80	49
Liability derivatives	4	1
Fair Value, Inputs, Level 2 | Designated as Hedging Instrument | Commodity Contracts
Derivative [Line Items]
Asset derivatives	0	0
Liability derivatives	0	0
Fair Value, Inputs, Level 2 | Designated as Hedging Instrument | Foreign Exchange Contracts
Derivative [Line Items]
Asset derivatives	80	48
Liability derivatives	0	0
Fair Value, Inputs, Level 2 | Not Designated as Hedging Instrument | Commodity Contracts
Derivative [Line Items]
Asset derivatives	0	1
Liability derivatives	4	1
Fair Value, Inputs, Level 3
Derivative [Line Items]
Asset derivatives	0	0
Liability derivatives	0	0
Fair Value, Inputs, Level 3 | Designated as Hedging Instrument | Commodity Contracts
Derivative [Line Items]
Asset derivatives	0	0
Liability derivatives	0	0
Fair Value, Inputs, Level 3 | Designated as Hedging Instrument | Foreign Exchange Contracts
Derivative [Line Items]
Asset derivatives	0	0
Liability derivatives	0	0
Fair Value, Inputs, Level 3 | Not Designated as Hedging Instrument | Commodity Contracts
Derivative [Line Items]
Asset derivatives	0	0
Liability derivatives	$ 0	$ 0

Notional Values Of Derivative I

Notional Values Of Derivative Instruments (Detail) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013
Commodity Contracts
Derivative [Line Items]
Notional amount	$ 1,543	$ 1,349
Foreign Exchange Contracts
Derivative [Line Items]
Notional amount	$ 1,074	$ 901

Schedule of Cash Flow Hedge Act

Schedule of Cash Flow Hedge Activity within Accumulated Other Comprehensive Losses, Net of Taxes (Detail) - Cash Flow Hedge - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Derivative [Line Items]
Accumulated other comprehensive losses at beginning of period	$ (129)	$ (152)	$ (18)
Unrealized gains / (losses)	56	20	(199)
Transfer of realized (gains) / losses to earnings	(52)	3	69
Transfer of realized losses from Mondelēz International	0	0	(4)
Accumulated other comprehensive losses at end of period	(125)	(129)	(152)
Commodity Contracts
Derivative [Line Items]
Unrealized gains / (losses)	18	(16)	(57)
Transfer of realized (gains) / losses to earnings	(18)	26	49
Foreign Exchange Contracts
Derivative [Line Items]
Unrealized gains / (losses)	38	36	(5)
Transfer of realized (gains) / losses to earnings	(41)	(31)	1
Interest Rate Contracts
Derivative [Line Items]
Unrealized gains / (losses)	0	0	(137)
Transfer of realized (gains) / losses to earnings	$ 7	$ 8	$ 19

Cash Flow Hedges-Gains_(Losses)

Cash Flow Hedges-Gains/(Losses) on Ineffectiveness (Detail) - Cash Flow Hedge - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Derivative [Line Items]
Gains / (losses) on ineffectiveness recognized in earnings	$ 1	$ 0	$ (27)
Commodity Contracts
Derivative [Line Items]
Gains / (losses) on ineffectiveness recognized in earnings	1	0	(4)
Interest Rate Contracts
Derivative [Line Items]
Gains / (losses) on ineffectiveness recognized in earnings	$ 0	$ 0	$ (23)

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - 12 months ended Dec. 27, 2014 - Cash Flow Hedge - USD ($) $ in Millions	Total
Commodity Contracts
Derivative [Line Items]
Expected transfers of unrealized gains/(losses) to earnings, within next 12 months	$ (4)
Hedged forecasted transactions duration	2 years
Foreign Exchange Contracts
Derivative [Line Items]
Expected transfers of unrealized gains/(losses) to earnings, within next 12 months	$ 17
Hedged forecasted transactions duration	4 years
Interest Rate Contracts
Derivative [Line Items]
Expected transfers of unrealized gains/(losses) to earnings, within next 12 months	$ (8)
Hedged forecasted transactions duration	28 years

Economic Hedges (Detail)

Economic Hedges (Detail) - Economic Hedge - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Derivative [Line Items]
Gains recorded in net earnings	$ 28	$ 14	$ 36
Commodity Contracts | Cost of Sales
Derivative [Line Items]
Gains recorded in net earnings	26	14	36
Foreign Exchange Contracts | Selling, General and Administrative Expenses
Derivative [Line Items]
Gains recorded in net earnings	$ 2	$ 0	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Commitments and Contingencies Disclosure [Abstract]
Guarantee obligation carrying value	$ 22	$ 24
Guarantee obligations maximum potential payment	$ 42	53
Guarantees expire	2,027
Operating leases rent expense	$ 148	$ 176	$ 150

Commitments and Contingencies S

Commitments and Contingencies Schedule of Future Minimum Rental Commitments for Operating Leases (Details) $ in Millions	Dec. 27, 2014USD ($)
Commitments and Contingencies Disclosure [Abstract]
Minimum rental commitments - 2015	$ 106
Minimum rental commitments - 2016	85
Minimum rental commitments - 2017	62
Minimum rental commitments - 2018	49
Minimum rental commitments - 2019	41
Minimum rental commitments - Thereafter	84
Total minimum rental commitments	$ 427

Earnings Before Income Taxes an

Earnings Before Income Taxes and the Provision for Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Income Tax Disclosure [Abstract]
Earnings before income taxes, United States	$ 1,117	$ 3,596	$ 2,156
Earnings before income taxes, Outside United States	289	494	297
Earnings before income taxes	1,406	4,090	2,453
Current United States federal provision for income taxes	678	591	209
Deferred United States federal provision for income taxes	(336)	566	424
United States federal provision for income taxes	342	1,157	633
Current state and local provision for income taxes	(34)	34	54
Deferred state and local provision for income taxes	(26)	61	43
State and local provision for income taxes	(60)	95	97
United States provision for income taxes	282	1,252	730
Current outside United States provision for income taxes	80	42	78
Deferred outside United States provision for income taxes	1	81	3
Outside United States provision for income taxes	81	123	81
Provision for income taxes	$ 363	$ 1,375	$ 811

Effective Income Tax Rate Recon

Effective Income Tax Rate Reconciliation (Detail)	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Income Tax Disclosure [Abstract]
U.S. federal statutory rate	35.00%	35.00%	35.00%
Increase / (decrease) resulting from:
U.S. state and local income taxes, net of federal tax benefit	0.20%	1.70%	2.30%
Domestic manufacturing deduction	(4.60%)	(1.20%)	(2.70%)
Foreign rate differences	(2.20%)	(1.10%)	(1.10%)
Changes in uncertain tax positions	(0.90%)	0.20%	(0.80%)
Other	(1.70%)	(1.00%)	0.40%
Effective tax rate	25.80%	33.60%	33.10%

Income Taxes- Additional Inform

Income Taxes- Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012	Dec. 31, 2011
Income Tax [Line Items]
Effective Income Tax Rate Reconciliation, Deduction, Qualified Production Activity, Amount	$ 64	$ 49	$ 66
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount		68	56
Unrecognized tax benefits	256	259	258	$ 371
Amount of unrecognized tax benefits that if recognized would impact effective tax rate	167
Potential (increase) decrease in unrecognized tax benefits, estimated range of change, lower bound	100
Potential (increase) decrease in unrecognized tax benefits, estimated range of change, upper bound	140
Interest and penalties expense related to uncertain tax positions	(30)	13	$ 18
Interest and penalties accrued related to uncertain tax positions	41	$ 74
Unremitted earnings of foreign subsidiaries	578
Potential incremental tax cost on unremitted foreign earnings	$ 118
Minimum
Income Tax [Line Items]
Statutes of limitations for U.S. state and local and foreign jurisdictions	3 years
Maximum
Income Tax [Line Items]
Statutes of limitations for U.S. state and local and foreign jurisdictions	5 years

Unrecognized Tax Benefits (Deta

Unrecognized Tax Benefits (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Income Tax Disclosure [Abstract]
Beginning of year	$ 259	$ 258	$ 371
Increases from prior period tax positions	26	2	11
Decreases from prior period tax positions	(74)	(5)	(90)
Decreases from statute of limitations expirations	(14)	(28)	0
Increases from current period tax positions	67	39	16
Net transfers to Mondelēz International	0	0	(9)
Decreases relating to settlements with taxing authorities	(3)	(3)	(33)
Currency and other	(5)	(4)	(8)
End of year	$ 256	$ 259	$ 258

Deferred Income Tax Assets and

Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013
Deferred Income Tax Assets [Abstract]
Pension benefits	$ 407	$ 104
Postretirement benefits	1,355	1,238
Other employee benefits	113	122
Other	471	497
Total deferred income tax assets	2,346	1,961
Valuation allowance	(20)	(3)
Net deferred income tax assets	2,326	1,958
Deferred Income Tax Liabilities [Abstract]
Property, plant and equipment	(979)	(949)
Debt exchange	(350)	(384)
Other	(66)	(65)
Total deferred income tax liabilities	(2,223)	(2,226)
Net deferred income tax assets / (liabilities)	103	(268)
Trade names
Deferred Income Tax Liabilities [Abstract]
Trade names	$ (828)	$ (828)

Components of and Changes in Ac

Components of and Changes in Accumulated Other Comprehensive Losses (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Accumulated Other Comprehensive Losses [Line Items]
Beginning balance	$ (499)	$ (460)
Other comprehensive (losses) / gains before reclassifications	1	(29)
Amounts reclassified from accumulated other comprehensive losses	(64)	(10)
Total other comprehensive (losses) / earnings	(63)	(39)	$ (98)
Ending balance	(562)	(499)	(460)
Foreign Currency Adjustments
Accumulated Other Comprehensive Losses [Line Items]
Beginning balance	(427)	(359)
Other comprehensive (losses) / gains before reclassifications	(91)	(68)
Total other comprehensive (losses) / earnings	(91)	(68)
Ending balance	(518)	(427)	(359)
Postemployment Benefit Plan Adjustments
Accumulated Other Comprehensive Losses [Line Items]
Beginning balance	57	51
Other comprehensive (losses) / gains before reclassifications	36	19
Amounts reclassified from accumulated other comprehensive losses	(12)	(13)
Total other comprehensive (losses) / earnings	24	6
Ending balance	81	57	51
Derivative Hedging Adjustments
Accumulated Other Comprehensive Losses [Line Items]
Beginning balance	(129)	(152)
Other comprehensive (losses) / gains before reclassifications	56	20
Amounts reclassified from accumulated other comprehensive losses	(52)	3
Total other comprehensive (losses) / earnings	4	23
Ending balance	$ (125)	$ (129)	$ (152)

Amounts Reclassified from Accum

Amounts Reclassified from Accumulated Other Comprehensive Losses (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Losses [Line Items]
Derivative hedging (gains) / losses, before tax		$ (84)	$ 4	$ 112
Derivative hedging (gains) / losses, tax benefit / (expense)		32	(1)
Derivative hedging (gains) / losses, net of tax		(52)	3
Amortization of prior service credits	[1]	(23)	(22)
Curtailments	[1]	3	0
Postemployment benefit plan adjustments, before tax		(20)	(22)	$ (6)
Postemployment benefit plan adjustments, tax benefit		8	9
Postemployment benefit plan adjustments, net of tax		(12)	(13)
Commodity Contracts | Cost of Sales
Reclassification Adjustment out of Accumulated Other Comprehensive Losses [Line Items]
Derivative hedging (gains) / losses, before tax		(30)	42
Foreign Exchange Contracts | Cost of Sales
Reclassification Adjustment out of Accumulated Other Comprehensive Losses [Line Items]
Derivative hedging (gains) / losses, before tax		(17)	(11)
Foreign Exchange Contracts | Interest and Other Expense, Net
Reclassification Adjustment out of Accumulated Other Comprehensive Losses [Line Items]
Derivative hedging (gains) / losses, before tax		(50)	(39)
Interest Rate Contracts | Interest and Other Expense, Net
Reclassification Adjustment out of Accumulated Other Comprehensive Losses [Line Items]
Derivative hedging (gains) / losses, before tax		$ 13	$ 12
[1]	These accumulated other comprehensive losses components are included in the computation of net periodic pension and postretirement health care costs. See Note 9, Postemployment Benefit Plans, for additional information.

Basic and Diluted Earnings per

Basic and Diluted Earnings per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 29, 2013	Mar. 30, 2013	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Basic EPS:
Net earnings	$ (398)	$ 446	$ 482	$ 513	$ 931	$ 500	$ 829	$ 456	$ 1,043	$ 2,715	$ 1,642
Earnings allocated to participating securities									5	12	5
Earnings available to common shareholders - basic									$ 1,038	$ 2,703	$ 1,637
Weighted average shares of common stock outstanding									593	594	591
Net earnings per share	$ (0.68)	$ 0.75	$ 0.81	$ 0.86	$ 1.56	$ 0.84	$ 1.39	$ 0.77	$ 1.75	$ 4.55	$ 2.77
Diluted EPS:
Net earnings	$ (398)	$ 446	$ 482	$ 513	$ 931	$ 500	$ 829	$ 456	$ 1,043	$ 2,715	$ 1,642
Earnings allocated to participating securities									5	12	5
Earnings available to common shareholders - diluted									$ 1,038	$ 2,703	$ 1,637
Weighted average shares of common stock outstanding									593	594	591
Effect of dilutive securities									5	5	5
Weighted average shares of common stock, including dilutive effect									598	599	596
Net earnings per share	$ (0.68)	$ 0.74	$ 0.80	$ 0.85	$ 1.54	$ 0.83	$ 1.38	$ 0.76	$ 1.74	$ 4.51	$ 2.75

Basic and Diluted Earnings pe97

Basic and Diluted Earnings per Share - Additional Information (Details) - shares shares in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Earnings Per Share [Abstract]
Antidilutive shares excluded from computation of earnings per share	2	0.3	0

Segment Reporting - Additional

Segment Reporting - Additional Information (Detail) - Segment	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Segment Reporting [Abstract]
Number of reportable segments	5
Concentration risk percentage	26.00%	26.00%	25.00%

Net Revenues by Segment (Detail

Net Revenues by Segment (Detail) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 29, 2013	Mar. 30, 2013	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Segment Reporting Information [Line Items]
Net revenues	$ 4,696	$ 4,400	$ 4,747	$ 4,362	$ 4,595	$ 4,394	$ 4,716	$ 4,513	$ 18,205	$ 18,218	$ 18,271
Cheese
Segment Reporting Information [Line Items]
Net revenues									4,066	3,925	3,829
Beverages & Snack Nuts
Segment Reporting Information [Line Items]
Net revenues									3,628	3,664	3,711
Refrigerated Meals
Segment Reporting Information [Line Items]
Net revenues									3,433	3,334	3,280
Meal Solutions
Segment Reporting Information [Line Items]
Net revenues									3,216	3,423	3,538
International
Segment Reporting Information [Line Items]
Net revenues									2,304	2,372	2,318
Other Businesses
Segment Reporting Information [Line Items]
Net revenues									$ 1,558	$ 1,500	$ 1,595

Earnings before Income Taxes by

Earnings before Income Taxes by Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Segment Reporting Information [Line Items]
Operating income	$ 1,890	$ 4,591	$ 2,670
Market-based impacts to postemployment benefit plans	(1,341)	1,561	(223)
Certain other postemployment benefit plan income / (expense)	164	61	(82)
Unrealized (losses) / gains on hedging activities	(79)	21	13
General corporate expenses	(88)	(116)	(49)
Cost savings initiatives expenses	(107)	(290)	(303)
Interest and other expense, net	(484)	(501)	(258)
Royalty income from Mondelēz International	0	0	41
Earnings before income taxes	1,406	4,090	2,453
Cheese
Segment Reporting Information [Line Items]
Operating income	675	721	716
Cost savings initiatives expenses	(19)	(88)	(98)
Beverages & Snack Nuts
Segment Reporting Information [Line Items]
Operating income	545	504	416
Cost savings initiatives expenses	(5)	(51)	(74)
Refrigerated Meals
Segment Reporting Information [Line Items]
Operating income	409	364	409
Cost savings initiatives expenses	(31)	(35)	(30)
Meal Solutions
Segment Reporting Information [Line Items]
Operating income	1,073	1,130	1,259
Cost savings initiatives expenses	(41)	(40)	(38)
International
Segment Reporting Information [Line Items]
Operating income	451	463	371
Cost savings initiatives expenses	(3)	(17)	(14)
Other Businesses
Segment Reporting Information [Line Items]
Operating income	188	172	143
Cost savings initiatives expenses	$ (3)	$ (19)	$ (18)

Depreciation and Amortization E

Depreciation and Amortization Expense by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Segment Reporting Information [Line Items]
Depreciation expense	$ 384	$ 393	$ 428
Cheese
Segment Reporting Information [Line Items]
Depreciation expense	57	92	119
Beverages & Snack Nuts
Segment Reporting Information [Line Items]
Depreciation expense	85	82	81
Refrigerated Meals
Segment Reporting Information [Line Items]
Depreciation expense	87	84	76
Meal Solutions
Segment Reporting Information [Line Items]
Depreciation expense	85	64	85
International
Segment Reporting Information [Line Items]
Depreciation expense	37	38	31
Other Businesses
Segment Reporting Information [Line Items]
Depreciation expense	$ 33	$ 33	$ 36

Capital Expenditures by Segment

Capital Expenditures by Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Segment Reporting Information [Line Items]
Capital expenditures	$ 535	$ 557	$ 440
Cheese
Segment Reporting Information [Line Items]
Capital expenditures	152	150	84
Beverages & Snack Nuts
Segment Reporting Information [Line Items]
Capital expenditures	136	171	146
Refrigerated Meals
Segment Reporting Information [Line Items]
Capital expenditures	110	80	83
Meal Solutions
Segment Reporting Information [Line Items]
Capital expenditures	66	76	83
International
Segment Reporting Information [Line Items]
Capital expenditures	53	60	33
Other Businesses
Segment Reporting Information [Line Items]
Capital expenditures	$ 18	$ 20	$ 11

Net Revenue by Geographic Segme

Net Revenue by Geographic Segment (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 29, 2013	Mar. 30, 2013	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Segment Reporting Information [Line Items]
Net revenues	$ 4,696	$ 4,400	$ 4,747	$ 4,362	$ 4,595	$ 4,394	$ 4,716	$ 4,513	$ 18,205	$ 18,218	$ 18,271
United States
Segment Reporting Information [Line Items]
Net revenues									15,753	15,676	15,752
Canada
Segment Reporting Information [Line Items]
Net revenues									2,177	2,302	2,306
Exports
Segment Reporting Information [Line Items]
Net revenues									$ 275	$ 240	$ 213

Long-lived Assets by Geographic

Long-lived Assets by Geographic Segment (Details) - USD ($) $ in Millions	Dec. 27, 2014	Dec. 28, 2013
Segment Reporting Information [Line Items]
Long-Lived Assets	$ 18,156	$ 18,240
United States
Segment Reporting Information [Line Items]
Long-Lived Assets	16,536	16,516
Canada
Segment Reporting Information [Line Items]
Long-Lived Assets	$ 1,620	$ 1,724

Net Revenues by Product Categor

Net Revenues by Product Categories(Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 29, 2013	Mar. 30, 2013	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Segment Reporting Information [Line Items]
Net revenues	$ 4,696	$ 4,400	$ 4,747	$ 4,362	$ 4,595	$ 4,394	$ 4,716	$ 4,513	$ 18,205	$ 18,218	$ 18,271
Cheese and Dairy
Segment Reporting Information [Line Items]
Net revenues									5,954	5,744	5,591
Meat and Meat Alternatives
Segment Reporting Information [Line Items]
Net revenues									2,691	2,643	2,659
Meals
Segment Reporting Information [Line Items]
Net revenues									2,033	2,047	1,973
Refreshment Beverages
Segment Reporting Information [Line Items]
Net revenues									1,762	1,817	1,863
Enhancers
Segment Reporting Information [Line Items]
Net revenues									1,601	1,705	1,868
Coffee
Segment Reporting Information [Line Items]
Net revenues									1,456	1,460	1,450
Desserts, Toppings and Baking
Segment Reporting Information [Line Items]
Net revenues									1,042	1,142	1,213
Nuts and Salted Snacks
Segment Reporting Information [Line Items]
Net revenues									1,036	997	986
Other
Segment Reporting Information [Line Items]
Net revenues									$ 630	$ 663	$ 668

Quarterly Financial Data (Un106

Quarterly Financial Data (Unaudited) (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 27, 2014	Sep. 27, 2014	Jun. 28, 2014	Mar. 29, 2014	Dec. 28, 2013	Sep. 28, 2013	Jun. 29, 2013	Mar. 30, 2013	Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Quarterly Financial Information Disclosure [Abstract]
Net revenues	$ 4,696	$ 4,400	$ 4,747	$ 4,362	$ 4,595	$ 4,394	$ 4,716	$ 4,513	$ 18,205	$ 18,218	$ 18,271
Gross profit	472	1,292	1,521	1,560	1,932	1,486	1,936	1,470	4,845	6,823	5,772
Net earnings / (loss)	$ (398)	$ 446	$ 482	$ 513	$ 931	$ 500	$ 829	$ 456	$ 1,043	$ 2,715	$ 1,642
Per share data:
Basic earnings / (loss) per share	$ (0.68)	$ 0.75	$ 0.81	$ 0.86	$ 1.56	$ 0.84	$ 1.39	$ 0.77	$ 1.75	$ 4.55	$ 2.77
Diluted earnings / (loss) per share	(0.68)	0.74	0.80	0.85	1.54	0.83	1.38	0.76	1.74	4.51	2.75
Dividends declared	1.10	0	0.525	0.525	1.05	0	0.50	0.50	$ 2.15	$ 2.05	$ 0.50
Market price - high	64.47	61.10	60.60	56.56	55.93	58.76	57.84	52.29
Market price - low	$ 53.63	$ 53.33	$ 55.47	$ 50.54	$ 51.72	$ 51.20	$ 49.79	$ 44.16

Valuation and Qualifying Acc107

Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 27, 2014	Dec. 28, 2013	Dec. 29, 2012
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		$ 29	$ 54	$ 57
Charged to costs and expenses		18	1	5
Charged to other accounts	[1]	0	0	0
Deductions	[2]	6	26	8
Balance at end of period		41	29	54
Allowances related to accounts receivable
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		26	28	23
Charged to costs and expenses		(2)	1	9
Charged to other accounts	[1]	0	0	0
Deductions	[2]	3	3	4
Balance at end of period		21	26	28
Allowance for deferred taxes
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at beginning of period		3	26	34
Charged to costs and expenses		20	0	(4)
Charged to other accounts	[1]	0	0	0
Deductions	[2]	3	23	4
Balance at end of period		$ 20	$ 3	$ 26
[1]	(a)Primarily related to divestitures and currency translation.
[2]	(b)Represents charges for which allowances were created.