The Kraft Heinz Company (KHC) 10-Q5 Aug 162016 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jul. 03, 2016	Jul. 31, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Kraft Heinz Co
Entity Central Index Key	1,637,459
Document Type	10-Q
Document Period End Date	Jul. 3, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--01-01
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,217,650,866

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Income Statement [Abstract]
Net sales	$ 6,793	$ 2,616	$ 13,363	$ 5,094
Cost of products sold	4,262	1,734	8,454	3,365
Gross profit	2,531	882	4,909	1,729
Selling, general and administrative expenses	895	438	1,760	776
Operating income	1,636	444	3,149	953
Interest expense	264	394	513	595
Other expense/(income), net	6	245	(2)	206
Income/(loss) before income taxes	1,366	(195)	2,638	152
Provision for/(benefit from) income taxes	411	(35)	783	33
Net income/(loss)	955	(160)	1,855	119
Net income/(loss) attributable to noncontrolling interest	5	4	9	7
Net income/(loss) attributable to Kraft Heinz	950	(164)	1,846	112
Preferred dividends	180	180	180	360
Net income/(loss) attributable to common shareholders	$ 770	$ (344)	$ 1,666	$ (248)
Earnings Per Share [Abstract]
Basic earnings/(loss) per share (in dollars per share)	$ 0.63	$ (0.91)	$ 1.37	$ (0.66)
Diluted earnings/(loss) per share (in dollars per share)	0.63	(0.91)	1.36	(0.66)
Dividends declared (in dollars per share)	$ 0.575	$ 0	$ 1.15	$ 0

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ 955	$ (160)	$ 1,855	$ 119
Other comprehensive income/(loss), net of tax:
Foreign currency translation adjustments	(418)	361	(146)	(433)
Net deferred gains/(losses) on net investment hedges	105	(206)	45	226
Net actuarial gains/(losses) arising during the period	0	(18)	0	(19)
Reclassification of net postemployment benefit losses/(gains)	(50)	8	(104)	7
Net deferred gains/(losses) on cash flow hedges	(14)	(10)	(32)	(77)
Net deferred losses/(gains) on cash flow hedges reclassified to net income	4	137	(18)	138
Total other comprehensive income/(loss)	(373)	272	(255)	(158)
Total comprehensive income/(loss)	582	112	1,600	(39)
Comprehensive income/(loss) attributable to noncontrolling interest	5	5	16	(6)
Comprehensive income/(loss) attributable to Kraft Heinz	$ 577	$ 107	$ 1,584	$ (33)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
ASSETS
Cash and cash equivalents	$ 4,237	$ 4,837
Trade receivables (net of allowances of $32 at July 3, 2016 and at January 3, 2016)	1,114	871
Sold receivables	146	583
Inventories	2,881	2,618
Other current assets	969	871
Total current assets	9,347	9,780
Property, plant and equipment, net	6,423	6,524
Goodwill	44,641	43,051
Intangible assets, net	59,762	62,120
Other assets	1,511	1,498
TOTAL ASSETS	121,684	122,973
LIABILITIES AND EQUITY
Commercial paper and other short-term debt	645	4
Current portion of long-term debt	2,106	79
Trade payables	2,960	2,844
Accrued marketing	867	856
Accrued postemployment costs	164	328
Income taxes payable	368	417
Interest payable	393	401
Dividends payable	827	762
Other current liabilities	1,263	1,241
Total current liabilities	9,593	6,932
Long-term debt	30,002	25,151
Deferred income taxes	20,900	21,497
Accrued postemployment costs	2,341	2,405
Other liabilities	801	752
TOTAL LIABILITIES	63,637	56,737
Commitments and Contingencies (Note 12)
Redeemable noncontrolling interest	0	23
9.00% cumulative compounding preferred stock, Series A, no shares authorized and issued at July 3, 2016 and 80,000 authorized and issued shares at January 3, 2016, $.01 par value	0	8,320
Equity:
Common stock, $.01 par value (5,000,000,000 shares authorized at July 3, 2016 and January 3, 2016; 1,217,900,434 shares issued and 1,217,354,448 shares outstanding at July 3, 2016; 1,214,391,614 shares issued and 1,213,978,752 shares outstanding at January 3, 2016)	12	12
Additional paid-in capital	58,525	58,375
Retained earnings/(deficit)	263	0
Accumulated other comprehensive income/(losses)	(933)	(671)
Treasury stock, at cost	(41)	(31)
Total shareholders' equity	57,826	57,685
Noncontrolling interest	221	208
TOTAL EQUITY	58,047	57,893
TOTAL LIABILITIES AND EQUITY	$ 121,684	$ 122,973

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jul. 03, 2016	Jan. 03, 2016
Receivables, allowances	$ 32	$ 32
Common stock, shares issued	1,217,900,434	1,214,391,614
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares outstanding	1,217,354,448	1,213,978,752
9.00% cumulative compounding preferred stock, Series A, shares authorized	920,000
Nine point zero zero percent cumulative compounding preferred stock, Series A
9.00% cumulative compounding preferred stock, Series A, dividend percentage	9.00%	9.00%
9.00% cumulative compounding preferred stock, Series A, shares authorized	0	80,000
9.00% cumulative compounding preferred stock, Series A, shares issued	0	80,000
9.00% cumulative compounding preferred stock, Series A, par value	$ 0.01	$ 0.01

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Equity (Unaudited) - 6 months ended Jul. 03, 2016 - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings/ (Deficit)	Accumulated Other Comprehensive Income/(Losses)	Treasury Stock	Noncontrolling Interest
Beginning balance at Jan. 03, 2016	$ 57,893	$ 12	$ 58,375	$ 0	$ (671)	$ (31)	$ 208
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income/(loss) excluding redeemable noncontrolling interest	1,855			1,846			9
Other comprehensive income/(loss) excluding redeemable noncontrolling interest	(258)				(262)		4
Dividends declared-Series A Preferred Stock	(180)			(180)
Dividends declared-common stock	(1,399)			(1,399)
Exercise of stock options, issuance of other stock awards, and other	136		150	(4)		(10)
Ending balance at Jul. 03, 2016	$ 58,047	$ 12	$ 58,525	$ 263	$ (933)	$ (41)	$ 221

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)	$ 1,855	$ 119
Adjustments to reconcile net income/(loss) to operating cash flows:
Depreciation and amortization	720	179
Amortization of postretirement benefit plans prior service credits	(131)	(3)
Equity award compensation expense	26	5
Deferred income tax provision	3	(254)
Pension contributions	(177)	(33)
Nonmonetary currency devaluation	16	234
Other items, net	(113)	334
Changes in current assets and liabilities:
Trade receivables	(226)	(35)
Sold receivables	437	32
Inventories	(256)	(80)
Accounts payable	90	13
Other current assets	(68)	(69)
Other current liabilities	(72)	(31)
Net cash provided by/(used for) operating activities	2,104	411
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(514)	(163)
Proceeds from net investment hedges	77	306
Other investing activities, net	(79)	7
Net cash provided by/(used for) investing activities	(516)	150
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt	(12)	(1,963)
Proceeds from issuance of long-term debt	6,982	2,000
Proceeds from issuance of commercial paper	1,939	0
Repayments of commercial paper	(1,307)	0
Dividends paid-Series A Preferred Stock	(180)	(360)
Dividends paid-common stock	(1,334)	0
Redemption of Series A Preferred Stock	(8,320)	0
Other financing activities, net	43	(56)
Net cash provided by/(used for) financing activities	(2,189)	(379)
Effect of exchange rate changes on cash and cash equivalents	1	(333)
Net increase/(decrease)	(600)	(151)
Balance at beginning of period	4,837	2,298
Balance at end of period	$ 4,237	$ 2,147

Background and Basis of Present

Background and Basis of Presentation (Notes)	6 Months Ended
Background and Basis of Presentation (Notes)	Jul. 03, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Background and Basis of Presentation Basis of Presentation: Our interim condensed consolidated financial statements are unaudited. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted, in accordance with the rules of the Securities and Exchange Commission (the “SEC”). In management's opinion, these interim financial statements include all adjustments (consisting only of normal recurring adjustments) and accruals necessary to present fairly our results for the periods presented. The condensed consolidated balance sheet data at January 3, 2016 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. You should read these statements in conjunction with our audited consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended January 3, 2016. The results for interim periods are not necessarily indicative of future or annual results. Organization: On July 2, 2015 (the “2015 Merger Date”), through a series of transactions, we consummated the merger of Kraft Foods Group, Inc. (“Kraft”) with and into a wholly-owned subsidiary of H.J. Heinz Holding Corporation (“Heinz”) (the “2015 Merger”). At the closing of the 2015 Merger, Heinz was renamed The Kraft Heinz Company (“Kraft Heinz”). Before the consummation of the 2015 Merger, Heinz was controlled by Berkshire Hathaway Inc. and 3G Global Food Holdings, L.P. (together, the “Sponsors”). Changes in Accounting and Reporting: In the third quarter of 2015, we made the following changes in accounting and reporting to harmonize our accounting and reporting as Kraft Heinz: • We made a voluntary change in accounting policy to classify certain warehouse and distribution costs (including shipping and handling costs) associated with the distribution of finished product to our customers as cost of products sold, which were previously recorded in selling, general and administrative expenses (“SG&A”). We made this voluntary change in accounting policy because we believe this presentation is preferable, as the classification in cost of products sold better reflects the cost of producing and distributing products. Additionally, this presentation enhances the comparability of our financial statements with industry peers and aligns with how we now internally manage and review costs. As required by U.S. GAAP, the change has been reflected in the condensed consolidated statements of income through retrospective application of the change in accounting policy. The impact of this change resulted in an increase in cost of products sold and a decrease in SG&A of $148 million for the three months and $299 million for the six months ended June 28, 2015. • We made a voluntary change in accounting policy to classify our trademark and license intangible asset impairments and amortization in SG&A, which were previously recorded in cost of products sold. We made this voluntary change in accounting policy because we believe this presentation is preferable, as removing these expenses from cost of products sold better aligns cost of products sold with costs directly associated with generating revenue. Additionally, this presentation enhances the comparability of our financial statements with industry peers and aligns with how we now internally manage and review costs. As required by U.S. GAAP, the change has been reflected in the condensed consolidated statements of income through retrospective application of the change in accounting policy. The impact of this change was an increase in SG&A and a decrease in cost of products sold by $63 million for the three months and $68 million for the six months ended June 28, 2015. • We determined that we had previously misclassified customer related intangible asset amortization. Such costs were previously included in cost of products sold but should have been included in SG&A. We have revised the classification to report these expenses in SG&A in the condensed consolidated statements of income for the applicable prior periods presented. The impact of this revision was to increase SG&A and decrease cost of products sold by $16 million for the three months and $32 million for the six months ended June 28, 2015. This misstatement was not material to any prior period financial statements. Consistent with our consolidated financial statements in our Annual Report on Form 10-K for the year ended January 3, 2016, we separately presented sold receivables on our consolidated balance sheets and consolidated statements of cash flows. Our prior period cash flow balances have been reclassified to conform with the current period presentation. Recently Issued Accounting Standards: In May 2014, the Financial Accounting Standards Board (the “FASB”) issued an accounting standards update (“ASU”) that superseded previously existing revenue recognition guidance. Under this ASU, companies 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 company expects to be entitled in exchange for those goods or services. This ASU will be effective beginning in the first quarter of our fiscal year 2018. The ASU may be applied retrospectively to historical periods presented or as a cumulative-effect adjustment as of the date of adoption. We are currently evaluating the impact that this ASU will have on our financial statements and related disclosures. In September 2015, the FASB issued an ASU intended to simplify the accounting for measurement period adjustments in a business combination. Measurement period adjustments are changes to provisional amounts recorded when the accounting for a business combination is incomplete as of the end of a reporting period. The measurement period can extend for up to a year following the transaction date. During the measurement period, companies may make adjustments to provisional amounts when information necessary to complete the measurement is received. The ASU requires companies to recognize these adjustments, including any related impacts to net income, in the reporting period in which the adjustments are determined. Companies are no longer required to retroactively apply measurement period adjustments to all periods presented. We early adopted this ASU in 2015. See Note 2, Merger and Acquisition , for additional information on measurement period adjustments. In February 2016, the FASB issued an ASU that superseded previously existing leasing guidance. The ASU is intended to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. The new guidance requires lessees to reflect most leases on their balance sheet as assets and obligations. This ASU will be effective beginning in the first quarter of our fiscal year 2019. Early adoption is permitted. The new guidance must be adopted using a modified retrospective transition, and provides for certain practical expedients. We are currently evaluating the impact that this ASU will have on our financial statements and related disclosures. In March 2016, the FASB issued an ASU intended to simplify equity-based award accounting and presentation. The ASU impacts income tax accounting related to equity-based awards, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. This ASU will be effective beginning in the first quarter of our fiscal year 2017. Early adoption is permitted. We are currently evaluating the impact that this ASU will have on our financial statements and related disclosures.

Merger and Acquisition (Notes)

Merger and Acquisition (Notes)	6 Months Ended
Merger and Acquisition (Notes)	Jul. 03, 2016
Business Combinations [Abstract]
Merger and Acquisition	Merger and Acquisition Transaction Overview: The 2015 Merger was accounted for under the acquisition method of accounting for business combinations and Heinz was considered to be the acquiring company. Under the acquisition method of accounting, total consideration exchanged was (in millions): Aggregate fair value of Kraft common stock $ 42,502 $16.50 per share special cash dividend 9,782 Fair value of replacement equity awards 353 Total consideration exchanged $ 52,637 Valuation Assumptions and Purchase Price Allocation: We utilized estimated fair values at the 2015 Merger Date to allocate the total consideration exchanged to the net tangible and intangible assets acquired and liabilities assumed. Such allocation was final as of the issuance date of this report. During the first half of 2016, we made measurement period adjustments to the preliminary purchase price allocation primarily reflecting (i) a decrease in indefinite-lived intangible assets of $2.0 billion , (ii) a decrease in deferred income tax liabilities of $564 million , and (iii) an increase in goodwill of $1.4 billion . We made these measurement period adjustments to reflect facts and circumstances that existed as of the 2015 Merger Date and did not result from intervening events subsequent to such date. The final purchase price allocation to assets acquired and liabilities assumed in the transaction was (in millions): Cash $ 314 Other current assets 3,423 Property, plant and equipment 4,179 Identifiable intangible assets 47,771 Other non-current assets 214 Trade and other payables (3,026 ) Long-term debt (9,286 ) Net postemployment benefits and other non-current liabilities (4,739 ) Deferred income tax liabilities (16,675 ) Net assets acquired 22,175 Goodwill on acquisition 30,462 Total consideration 52,637 Fair value of shares exchanged and equity awards 42,855 Total cash consideration paid to Kraft shareholders 9,782 Cash and cash equivalents of Kraft at the 2015 Merger Date 314 Acquisition of business, net of cash on hand $ 9,468 The 2015 Merger resulted in $30.5 billion of non tax deductible goodwill relating principally to synergies expected to be achieved from the combined operations and planned growth in new markets. Goodwill has been allocated to our segments as shown in Note 5, Goodwill and Intangible Assets . Pro Forma Results: The following table provides unaudited pro forma results, prepared in accordance with ASC 805, for the three and six months ended June 28, 2015 , as if Kraft had been acquired as of December 30, 2013. For the Three Months Ended For the Six Months Ended June 28, 2015 June 28, 2015 (in millions, except per share data) Net sales $ 7,130 $ 13,960 Net income 366 1,104 Basic earnings per share 0.16 0.63 Diluted earnings per share 0.15 0.61 The unaudited pro forma results include certain purchase accounting adjustments. We have made pro forma adjustments to exclude deal costs (“Deal Costs”) of $47 million ( $29 million net of tax) for the three months and $71 million ( $44 million net of tax) for the six months ended June 28, 2015 , because such costs are non-recurring and are directly attributable to the 2015 Merger. These expenses were included in the prior year pro forma results. The unaudited pro forma results do not include any anticipated cost savings or other effects of future integration efforts. Unaudited pro forma amounts are not necessarily indicative of results had the 2015 Merger occurred on December 30, 2013 or of future results.

Integration and Restructuring E

Integration and Restructuring Expenses (Notes)	6 Months Ended
Integration and Restructuring Expenses (Notes)	Jul. 03, 2016
Restructuring and Related Activities [Abstract]
Integration and Restructuring Expenses	Integration and Restructuring Expenses Following the 2015 Merger, we announced a multi-year program (the “Integration Program”) designed to reduce costs, as well as integrate and optimize the combined organization. As part of these activities, we incur expenses (primarily employee separations, lease terminations and other direct exit costs) that qualify as exit and disposal costs under U.S. GAAP. We also incur expenses that are an integral component of, and directly attributable to, our restructuring activities, which do not qualify as exit and disposal costs (primarily accelerated depreciation, asset impairments, implementation costs such as new facility relocation and start-up costs, and other incremental costs). Employee severance and other termination benefit packages are primarily determined based on established benefit arrangements, local statutory requirements, or historical benefit practices. We recognize the contractual component of these benefits when payment is probable and estimable; additional elements of severance and termination benefits associated with non-recurring benefits are recognized ratably over each employee’s required future service period. Asset-related costs consist primarily of accelerated depreciation, and to a lesser degree asset impairments. Charges for accelerated depreciation are recognized on long-lived assets that will be taken out of service before the end of their normal service, in which case depreciation estimates are revised to reflect the use of the asset over its shortened useful life. Asset impairments establish a new fair value basis for assets held for disposal or sale and those assets are written down to expected net realizable value if carrying value exceeds fair value. All other costs are recognized as incurred. Integration Program: We currently expect the Integration Program will result in $1.9 billion of pre-tax costs, with approximately 60% reflected in cost of products sold, comprised of the following categories: • Organization costs ( $650 million ) associated with our plans to streamline and simplify our operating structure, resulting in workforce reduction. These costs primarily include: severance and employee benefits (cash severance, non-cash severance, including accelerated equity award compensation expense, and pension and other termination benefits). Beginning in August 2015, we announced a new, streamlined structure for our businesses in the United States and Canada segments. This resulted in the reduction of salaried positions across the United States and Canada. Overall, we expect to eliminate 2,950 positions in connection with this reduction. • Footprint costs ( $1.1 billion ) associated with our plans to optimize our production and supply chain network, resulting in facility closures and consolidations. These costs primarily include: asset-related costs (accelerated depreciation and asset impairment charges), costs to exit facilities, relocation and start-up costs of new facilities, and severance and employee benefits. On November 4, 2015, we announced the closure of seven factories and began consolidation of our distribution network. In a staged process, production in these locations is shifting to other existing factories in the United States and Canada. Overall, we expect to eliminate 2,600 positions in connection with these activities. • Other costs ( $150 million ) incurred as a direct result of integration activities, primarily including: contract and lease terminations, professional fees, and other incremental third-party fees. As of July 3, 2016 , we have incurred $1.3 billion of cumulative costs under the Integration Program, including: $620 million of severance and employee benefit costs, $441 million of non-cash asset-related costs, $188 million of other implementation costs, and $80 million of other exit costs. We expect that approximately 60% of the Integration Program expenses will be cash expenditures. Our Integration Program costs during the three and six months ended July 3, 2016 were (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 July 3, 2016 Severance and employee benefit costs $ 30 $ 58 Asset-related costs 149 305 Other exit costs 17 25 Other implementation costs 63 112 $ 259 $ 500 At July 3, 2016 , the total Integration Program liability related primarily to the elimination of general salaried and footprint-related positions across the United States and Canada, 2,900 of whom have left the company by July 3, 2016 . The liability balance associated with the Integration Program, which qualifies as U.S. GAAP exit and disposal costs, was (in millions): Severance and Employee Benefit Costs Other Exit Costs (a) Total Balance at January 3, 2016 $ 185 $ 23 $ 208 Charges 58 25 83 Cash payments (83 ) (38 ) (121 ) Non-cash utilization (9 ) — (9 ) Balance at July 3, 2016 $ 151 $ 10 $ 161 (a) Other exit costs primarily represent contract and lease terminations. We expect that a substantial portion of the July 3, 2016 Integration Program liability will be paid in 2016. Restructuring Activities: Prior to the 2015 Merger, we executed a number of other restructuring activities focused primarily on workforce reduction and factory closure and consolidation, which are substantially complete. These programs, and other programs, resulted in the elimination of 8,250 positions and cumulative $568 million severance and employee benefit costs, $337 million non-cash asset-related costs, and $376 million other exit costs through July 3, 2016 . Related to these restructuring activities, we incurred expenses of $25 million for the three months and $44 million for the six months ended July 3, 2016 . As of July 3, 2016 , the liability balance associated with active restructuring projects, which qualifies as U.S. GAAP exit and disposal costs, was (in millions): Severance and Employee Benefit Costs Other Exit Costs (a) Total Balance at January 3, 2016 $ 25 $ 30 $ 55 Charges 17 1 18 Cash payments (25 ) (3 ) (28 ) Balance at July 3, 2016 $ 17 $ 28 $ 45 (a) Other exit costs primarily represent contract and lease terminations. Total Integration and Restructuring: Our total Integration Program and restructuring expenses were (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Severance and employee benefit costs - COGS $ 23 $ 9 $ 29 $ 19 Severance and employee benefit costs - SG&A 14 11 46 13 Asset-related costs - COGS 137 31 279 34 Asset-related costs - SG&A 12 — 26 — Other exit costs - COGS 39 6 72 23 Other exit costs - SG&A 59 5 92 16 $ 284 $ 62 $ 544 $ 105 We do not include Integration Program and restructuring expenses within Segment Adjusted EBITDA. See Note 14, Segment Reporting , for additional information on our segment structure. The pre-tax impact of allocating such expenses to our segments would have been (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 United States $ 247 $ 31 $ 446 $ 40 Canada 9 11 27 12 Europe 13 9 28 34 Rest of World — 5 — 9 Non-Operating 15 6 43 10 $ 284 $ 62 $ 544 $ 105

Inventories (Notes)

Inventories (Notes)	6 Months Ended
Inventories (Notes)	Jul. 03, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at July 3, 2016 and January 3, 2016 were (in millions): July 3, 2016 January 3, 2016 Packaging and ingredients $ 601 $ 563 Work in process 369 393 Finished product 1,911 1,662 Inventories $ 2,881 $ 2,618 The increase in inventories in the second quarter of 2016 is primarily due to an increase in inventory production ahead of planned facility closures and consolidations under our Integration Program, combined with the impact of seasonality. See Note 3, Integration and Restructuring Expenses , for additional information on the Integration Program.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Notes)	6 Months Ended
Goodwill and Intangible Assets (Notes)	Jul. 03, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill: Changes in the carrying amount of goodwill from January 3, 2016 to July 3, 2016 , by segment, were (in millions): United States Canada Europe Rest of World Total Balance at January 3, 2016 $ 32,290 $ 4,796 $ 3,182 $ 2,783 $ 43,051 2015 Merger measurement period adjustments 1,433 — — — 1,433 Translation adjustments — 334 (263 ) 86 157 Balance at July 3, 2016 $ 33,723 $ 5,130 $ 2,919 $ 2,869 $ 44,641 In connection with the 2015 Merger, we recorded $30.5 billion of goodwill in purchase accounting, representing the fair value as of the 2015 Merger Date. As of the issuance date of this report, the assignment of goodwill to reporting units was final. During the first half of 2016, we made measurement period adjustments to the 2015 Merger purchase price allocation, resulting in an increase of $1.4 billion to goodwill in the United States segment. See Note 2, Merger and Acquisition , for additional information on these measurement period adjustments. In the first quarter of 2016, we moved certain of our export businesses and their related goodwill balances from our United States segment to our Rest of World and Europe segments. We have reflected this change in all historical periods presented. Accordingly, the segment goodwill balances at January 3, 2016 reflect a decrease of $1,473 million in the United States, an increase of $1,443 million in Rest of World, and an increase of $30 million in Europe. These amounts represent the final allocation of goodwill associated with these export businesses. We test goodwill for impairment at least annually in the second quarter or when a triggering event occurs. We performed our 2016 annual impairment testing in the second quarter of 2016. There was no impairment of goodwill as a result of our testing; however we noted that one reporting unit within the Rest of World segment had an estimated fair value in excess of its carrying value of less than 10% . The goodwill carrying value of this reporting unit was $48 million as of April 4, 2016 (our goodwill impairment testing date). Our goodwill balance consists of a large number of individual reporting units and had an aggregate carrying value of $44.6 billion as of July 3, 2016. A significant portion of this goodwill was recorded in connection with the 2015 Merger, at which time it represented the estimated fair value. Because the 2015 Merger occurred recently, we have a risk of future impairment to the extent that individual goodwill reporting unit performance does not meet our projections. Additionally, if our current assumptions and estimates, including projected revenues and income growth rates, terminal growth rates, competitive and consumer trends, market-based discount rates, and other market factors, are not met, or if valuation factors outside of our control change unfavorably, the estimated fair value of our goodwill could be adversely affected, leading to a potential impairment in the future. There were no accumulated impairment losses to goodwill as of July 3, 2016 . Indefinite-lived intangible assets: In connection with the 2015 Merger, we recorded $43.1 billion of indefinite-lived intangible assets in purchase accounting, representing the fair values as of the 2015 Merger Date. Indefinite-lived intangible assets, which primarily consisted of trademarks, were (in millions): Balance at January 3, 2016 $ 55,824 2015 Merger measurement period adjustments (1,978 ) Translation adjustments (253 ) Balance at July 3, 2016 $ 53,593 We test indefinite-lived intangible assets for impairment at least annually in the second quarter or when a triggering event occurs. We performed our 2016 annual impairment testing in the second quarter of 2016. There was no impairment of indefinite-lived intangibles as a result of our testing; however, we noted that seven brands each had excess fair values over their carrying values of less than 10% . These brands had an aggregate carrying value of $6.1 billion at April 4, 2016 (our indefinite-lived intangible asset impairment testing date). Of the $6.1 billion aggregate carrying value, $5.6 billion was attributable to Velveeta , Lunchables , Maxwell House , and Cracker Barrel . Our indefinite-lived intangible assets primarily consist of a large number of individual brands and had an aggregate carrying value of $53.6 billion as of July 3, 2016. A significant portion of these brands were adjusted to their estimated fair values in connection with the 2015 Merger. Because the 2015 Merger occurred recently, we have a risk of future impairment to the extent individual brand performance does not meet our projections. Additionally, if our current assumptions and estimates, including projected revenues and income growth rates, terminal growth rates, competitive and consumer trends, market-based discount rates, and other market factors, are not met, or if valuation factors outside of our control change unfavorably, the estimated fair values of our indefinite-lived intangible assets could be adversely affected, leading to potential impairments in the future. Definite-lived intangible assets: Definite-lived intangible assets at July 3, 2016 and January 3, 2016 were (in millions): July 3, 2016 January 3, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trademarks $ 2,354 $ (122 ) $ 2,232 $ 2,346 $ (70 ) $ 2,276 Customer-related assets 4,219 (292 ) 3,927 4,218 (209 ) 4,009 Other 14 (4 ) 10 15 (4 ) 11 $ 6,587 $ (418 ) $ 6,169 $ 6,579 $ (283 ) $ 6,296 Amortization expense for definite-lived intangible assets was $66 million for the three months and $132 million for the six months ended July 3, 2016 and was $22 million for the three months and $44 million for the six months ended June 28, 2015 . Aside from amortization expense, the changes in definite-lived intangible assets from January 3, 2016 to July 3, 2016 reflect the impact of foreign currency. We estimate that annual amortization expense for definite-lived intangible assets for each of the next five years will be approximately $275 million .

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
Income Taxes (Notes)	Jul. 03, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes consists of provisions for federal, state, and foreign income taxes. We operate in an international environment; accordingly, the consolidated income tax rate is a composite rate reflecting the earnings and applicable tax rates in various locations. The effective tax rate was an expense of 30.1% for the three months and 29.7% for the six months ended July 3, 2016 , reflecting the favorable benefit of pre-tax income in non-U.S. jurisdictions and certain tax exempt income. Our effective tax rate increased in comparison to the benefit of 17.6% for the three months and an expense of 21.8% for the six months ended June 28, 2015 . The increase in our effective tax rate for the three and six months ended July 3, 2016 compared to the three and six months ended June 28, 2015 was driven by the 2015 Merger. With the 2015 Merger, our operations in the United States and Canada increased, resulting in an unfavorable impact to the effective tax rate of higher blended statutory tax rates and a favorable impact to the effective tax rate of a larger amount of tax exempt income.

Employees' Stock Incentive Plan

Employees' Stock Incentive Plans (Notes)	6 Months Ended
Employees' Stock Incentive Plans (Notes)	Jul. 03, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employees' Stock Incentive Plans	Employees’ Stock Incentive Plans Our annual equity award grants and vesting occurred in the first quarter of 2016. Other off-cycle equity grants may occur throughout the year. Stock Options: Our stock option activity and related information was: Number of Stock Options Weighted Average Exercise Price (per share) Outstanding at January 3, 2016 24,205,612 $ 34.86 Options granted 1,204,005 77.66 Options forfeited (470,020 ) 40.65 Options exercised (3,090,965 ) 35.04 Outstanding at July 3, 2016 21,848,632 37.07 The aggregate intrinsic value of stock options exercised during the period was $137 million for the six months ended July 3, 2016 . Restricted Stock Units: Our restricted stock unit (“RSU”) activity and related information was: Number of Units Weighted Average Grant Date Fair Value (per share) RSUs at January 3, 2016 968,444 $ 70.14 Granted 499,563 77.49 Forfeited (57,558 ) 73.83 Vested (404,578 ) 72.96 RSUs at July 3, 2016 1,005,871 72.43 The aggregate fair value of RSUs that vested during the period was $30 million for the six months ended July 3, 2016 . Total Equity Awards: The compensation cost related to equity awards was primarily recognized in general corporate expenses within SG&A. Equity award compensation cost and the related tax benefit was (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Pre-tax compensation cost $ 13 $ 3 $ 26 $ 5 Tax benefit (4 ) (1 ) (8 ) (2 ) After-tax compensation cost $ 9 $ 2 $ 18 $ 3 Unrecognized compensation cost related to unvested equity awards was $114 million at July 3, 2016 and is expected to be recognized over a weighted average period of three years.

Postemployment Benefits (Notes)

Postemployment Benefits (Notes)	6 Months Ended
Postemployment Benefits (Notes)	Jul. 03, 2016
Compensation and Retirement Disclosure [Abstract]
Postemployment Benefits	Postemployment Benefits In the first quarter of 2016, we changed the method that we use to estimate the service cost and interest cost components of net pension cost/(benefit) and net postretirement cost/(benefit). We use a full yield curve approach to estimate service cost and interest cost by applying the specific spot rates along the yield curve used to determine the benefit obligation to the relevant projected cash flows. Previously, we estimated service cost and interest cost using a single weighted-average discount rate derived from the yield curve used to measure the benefit obligation at the beginning of the period. We made this change to provide a more precise measurement of service cost and interest cost by improving the correlation between projected benefit cash flows and the corresponding spot yield curve rates. The change resulted in a decrease in service and interest cost of approximately $20 million in the three months ended July 3, 2016 and approximately $40 million in the six months ended July 3, 2016 compared to what our costs would have been under the previous method. This change did not affect the measurement of our total benefit obligations. We have accounted for this change prospectively as a change in accounting estimate. Pension Plans Components of Net Pension Cost/(Benefit): Net pension cost/(benefit) consisted of the following for the three and six months ended July 3, 2016 and June 28, 2015 (in millions): For the Three Months Ended For the Six Months Ended U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Service cost $ 4 $ 2 $ 6 $ 5 $ 7 $ 3 $ 12 $ 10 Interest cost 53 4 22 22 106 9 43 43 Expected return on plan assets (74 ) (3 ) (47 ) (42 ) (148 ) (8 ) (93 ) (85 ) Amortization of unrecognized losses/(gains) — 1 — — — 2 — — Settlements — — — 11 (6 ) — — 11 Curtailments — — — (2 ) — — — (2 ) Net pension cost/(benefit) $ (17 ) $ 4 $ (19 ) $ (6 ) $ (41 ) $ 6 $ (38 ) $ (23 ) We capitalized a portion of net pension costs/(benefits) into inventory based on our production activities. These amounts are included in the table above. Employer Contributions: During the six months ended July 3, 2016 , we contributed $161 million to our U.S. pension plans, which included contributions related to the settlement of our U.S. nonqualified pension plan that was terminated effective December 31, 2015. During the six months ended July 3, 2016 , we contributed $16 million to our non-U.S. pension plans. Based on our contribution strategy, we plan to make further contributions of up to approximately $150 million to our U.S. plans and approximately $15 million to our non-U.S. plans during the remainder of 2016. However, 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. Postretirement Plans Components of Net Postretirement Cost/(Benefit): Net postretirement cost/(benefit) consisted of the following for the three and six months ended July 3, 2016 and June 28, 2015 (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Service cost $ 4 $ 1 $ 8 $ 2 Interest cost 14 2 30 4 Amortization of prior service costs/(credits) (80 ) (2 ) (162 ) (3 ) Net postretirement cost /(benefit) $ (62 ) $ 1 $ (124 ) $ 3 We capitalized a portion of net postretirement costs/(benefits) into inventory based on our production activities. These amounts are included in the table above.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Losses) (Notes)	6 Months Ended
Accumulated Other Comprehensive Income/(Losses) (Notes)	Jul. 03, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income/(Losses)	Accumulated Other Comprehensive Income/(Losses) The components of, and changes in, accumulated other comprehensive income/(losses) were as follows (net of tax): Foreign Currency Translation Adjustments Net Postemployment Benefit Plan Adjustments Net Cash Flow Hedge Adjustments Total (in millions) Balance as of January 3, 2016 $ (1,646 ) $ 922 $ 53 $ (671 ) Foreign currency translation adjustments (153 ) — — (153 ) Net deferred gains/(losses) on net investment hedges 45 — — 45 Reclassification of net postemployment benefit losses/(gains) — (104 ) — (104 ) Net deferred gains/(losses) on cash flow hedges — — (32 ) (32 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income — — (18 ) (18 ) Total other comprehensive income/(loss) (108 ) (104 ) (50 ) (262 ) Balance as of July 3, 2016 $ (1,754 ) $ 818 $ 3 $ (933 ) Reclassification of net postemployment benefit losses/(gains) included amounts reclassified to net income and amounts reclassified into inventory (consistent with our capitalization policy). The gross amount and related tax benefit/(expense) recorded in, and associated with, each component of other comprehensive income/(loss) for the three and six months ended July 3, 2016 and June 28, 2015 were as follows (in millions): For the Three Months Ended July 3, 2016 June 28, 2015 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ (418 ) $ — $ (418 ) $ 360 $ — $ 360 Net deferred gains/(losses) on net investment hedges 194 (89 ) 105 (330 ) 124 (206 ) Net actuarial gains/(losses) arising during the period — — — (23 ) 5 (18 ) Reclassification of net postemployment benefit losses/(gains) (80 ) 30 (50 ) 10 (2 ) 8 Net deferred gains/(losses) on cash flow hedges (17 ) 3 (14 ) (8 ) (2 ) (10 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income 6 (2 ) 4 223 (86 ) 137 For the Six Months Ended July 3, 2016 June 28, 2015 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ (153 ) $ — $ (153 ) $ (420 ) $ — $ (420 ) Net deferred gains/(losses) on net investment hedges 110 (65 ) 45 421 (195 ) 226 Net actuarial gains/(losses) arising during the period — — — (25 ) 6 (19 ) Reclassification of net postemployment benefit losses/(gains) (168 ) 64 (104 ) 10 (3 ) 7 Net deferred gains/(losses) on cash flow hedges (45 ) 13 (32 ) (120 ) 43 (77 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income (20 ) 2 (18 ) 222 (84 ) 138 The amounts reclassified from accumulated other comprehensive income/(losses) in the three and six months ended July 3, 2016 and June 28, 2015 were as follows (in millions): Accumulated Other Comprehensive Income/(Losses) Component Reclassified from Accumulated Other Comprehensive Income/(Losses) Affected Line Item in the Statement Where Net Income is Presented For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Losses/(gains) on cash flow hedges: Foreign exchange contracts $ (2 ) $ 1 $ (3 ) $ 2 Net sales Foreign exchange contracts (4 ) (11 ) (33 ) (16 ) Cost of products sold Foreign exchange contracts 11 — 14 (1 ) Other expense/(income), net Interest rate contracts 1 233 2 237 Interest expense Losses/(gains) on cash flow hedges before income taxes 6 223 (20 ) 222 Losses/(gains) on cash flow hedges income taxes (2 ) (86 ) 2 (84 ) Losses/(gains) on cash flow hedges $ 4 $ 137 $ (18 ) $ 138 Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) $ — $ 1 $ — $ 2 (a) Amortization of prior service costs/(credits) (80 ) (2 ) (162 ) (3 ) (a) Settlement and curtailments losses/(gains) — 11 (6 ) 11 (a) Losses/(gains) on postemployment benefits before income taxes (80 ) 10 (168 ) 10 Losses/(gains) on postemployment benefits income taxes 30 (2 ) 64 (3 ) Losses/(gains) on postemployment benefits $ (50 ) $ 8 $ (104 ) $ 7 (a) These components are included in the computation of net periodic postemployment benefit costs. See Note 8, Postemployment Benefits , for additional information. In this note we have excluded activity and balances related to noncontrolling interest (which was primarily comprised of foreign currency translation adjustments) due to its insignificance.

Financial Instruments (Notes)

Financial Instruments (Notes)	6 Months Ended
Financial Instruments (Notes)	Jul. 03, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments See our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended January 3, 2016 for additional information on our overall risk management strategies, our use of derivatives, and our related accounting policies. Derivative Volume: The notional values of our derivative instruments at July 3, 2016 and January 3, 2016 were (in millions): Notional Amount July 3, 2016 January 3, 2016 Commodity contracts $ 474 $ 787 Foreign exchange contracts 2,820 3,458 Cross-currency contracts 3,173 4,328 Fair Value of Derivative Instruments: The fair values and the levels within the fair value hierarchy of derivative instruments recorded on the condensed consolidated balance sheets at July 3, 2016 and January 3, 2016 were (in millions): July 3, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Foreign exchange contracts $ — $ — $ 27 $ 41 $ — $ — $ 27 $ 41 Cross-currency contracts — — 450 14 — — 450 14 Derivatives not designated as hedging instruments: Commodity contracts 39 6 1 3 — — 40 9 Foreign exchange contracts — — 27 15 — — 27 15 Cross-currency contracts — — 40 — — — 40 — Total fair value $ 39 $ 6 $ 545 $ 73 $ — $ — $ 584 $ 79 January 3, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Foreign exchange contracts $ — $ — $ 46 $ 6 $ — $ — $ 46 $ 6 Cross-currency contracts — — 605 — — — 605 — Derivatives not designated as hedging instruments: Commodity contracts 24 29 1 7 — — 25 36 Foreign exchange contracts — — 88 13 — — 88 13 Cross-currency contracts — — 47 — — — 47 — Total fair value $ 24 $ 29 $ 787 $ 26 $ — $ — $ 811 $ 55 Our derivative financial instruments are subject to master netting arrangements that allow for the offset of assets and liabilities in the event of default or early termination of the contract. We elect to record the gross assets and liabilities of our derivative financial instruments on the condensed consolidated balance sheets. If the derivative financial instruments had been netted on the condensed consolidated balance sheets, the asset and liability positions each would have been reduced by $46 million at July 3, 2016 and $44 million at January 3, 2016 . No material amounts of collateral were received or posted on our derivative assets and liabilities at July 3, 2016 . Level 1 financial assets and liabilities consist of commodity future 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, foreign exchange forwards, and cross-currency swaps. 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. Cross-currency swaps are valued based on observable market spot and swap rates. Our calculation of the fair value of financial instruments takes into consideration the risk of nonperformance, including counterparty credit risk. There have been no transfers between Levels 1, 2, and 3 in any period presented. 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 and other liabilities. Net Investment Hedging: In the second quarter of 2016, we issued €1.8 billion aggregate principal amount of Euro denominated notes (see Note 12, Commitments, Contingencies and Debt ). The principal amounts of this foreign denominated debt were designated as net investment hedges. Concurrently, we fully unwound our Euro swap (USD notional amount of $1.1 billion ). At July 3, 2016 , the principal amounts of foreign denominated debt designated as net investment hedges totaled €2,550 million and £400 million . At July 3, 2016 , our cross-currency swaps designated as net investment hedges consisted of: Instrument Notional (local) (in billions) Notional (USD) (in billions) Maturity Cross-currency swap £ 0.8 $ 1.4 October 2019 Cross-currency swap C$ 1.8 1.6 December 2019 We also periodically enter into shorter-dated foreign currency contracts that are designated as net investment hedges. At July 3, 2016 , we had Euro foreign currency contracts with aggregate USD notional amounts of $196 million and Canadian dollar foreign currency contracts with aggregate USD notional amounts of $51 million outstanding. Hedge Coverage: At July 3, 2016 , we had entered into contracts designated as hedging instruments, which hedge transactions for the following durations: • foreign currency contracts for periods not exceeding the next two years, and • cross-currency contracts for periods not exceeding the next four years. At July 3, 2016 , we had entered into contracts not designated as hedging instruments, which hedge economic risks for the following durations: • commodity contracts for periods not exceeding the next 12 months, • foreign exchange contracts for periods not exceeding the next 12 months, and • cross-currency contracts for periods not exceeding the next three years. Hedge Ineffectiveness: We record pre-tax gains or losses reclassified from accumulated other comprehensive income/(losses) due to ineffectiveness in: • other expense/(income), net for foreign exchange contracts related to forecasted transactions. Deferred Hedging Gains and Losses: Based on our valuation at July 3, 2016 and assuming market rates remain constant through contract maturities, we expect transfers to net income/(loss) of unrealized gains for foreign currency cash flow hedges during the next 12 months to be insignificant. Additionally, we expect transfers to net income/(loss) of unrealized losses for interest rate cash flow hedges during the next 12 months to be insignificant. Derivative Impact on the Statements of Income and Statements of Comprehensive Income: The following tables present the pre-tax effect of derivative instruments on the condensed consolidated statements of income and statements of comprehensive income for the three and six months ended July 3, 2016 and June 28, 2015 (in millions): For the Three Months Ended July 3, 2016 June 28, 2015 Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Contracts Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Derivatives designated as hedging instruments: Cash flow hedges: Gains/(losses) recognized in other comprehensive income (effective portion) $ — $ (9 ) $ — $ (8 ) $ — $ (17 ) $ — $ 9 Net investment hedges: Gains/(losses) recognized in other comprehensive income (effective portion) — 46 90 — — — (330 ) — Total gains/(losses) recognized in other comprehensive income (effective portion) $ — $ 37 $ 90 $ (8 ) $ — $ (17 ) $ (330 ) $ 9 Cash flow hedges reclassified to net income/(loss): Net sales $ — $ 2 $ — $ — $ — $ (1 ) $ — $ — Cost of products sold (effective portion) — 4 — — — 11 — — Other expense/(income), net — (11 ) — — — — — — Interest expense — — — (1 ) — — — (233 ) — (5 ) — (1 ) — 10 — (233 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold 29 — — — — — — — Gains/(losses) on derivatives recognized in other expense/(income), net — 18 (1 ) — — (16 ) — — 29 18 (1 ) — — (16 ) — — Total gains/(losses) recognized in statements of income $ 29 $ 13 $ (1 ) $ (1 ) $ — $ (6 ) $ — $ (233 ) For the Six Months Ended July 3, 2016 June 28, 2015 Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Contracts Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Derivatives designated as hedging instruments: Cash flow hedges: Gains/(losses) recognized in other comprehensive income (effective portion) $ — $ (37 ) $ — $ (8 ) $ — $ (9 ) $ — $ (111 ) Net investment hedges: Gains/(losses) recognized in other comprehensive income (effective portion) — 46 25 — — — 421 — Total gains/(losses) recognized in other comprehensive income (effective portion) $ — $ 9 $ 25 $ (8 ) $ — $ (9 ) $ 421 $ (111 ) Cash flow hedges reclassified to net income/(loss): Net sales $ — $ 3 $ — $ — $ — $ (2 ) $ — $ — Cost of products sold (effective portion) — 33 — — — 16 — — Other expense/(income), net — (14 ) — — — 1 — — Interest expense — — — (2 ) — — — (237 ) — 22 — (2 ) — 15 — (237 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold 11 — — — — — — — Gains/(losses) on derivatives recognized in other expense/(income), net — (57 ) (8 ) — — 33 — 11 11 (57 ) (8 ) — — 33 — 11 Total gains/(losses) recognized in statements of income $ 11 $ (35 ) $ (8 ) $ (2 ) $ — $ 48 $ — $ (226 ) Related to our non-derivative, foreign denominated debt instruments designated as net investment hedges, we recognized a pre-tax gain in other comprehensive income/(loss) of $58 million for the three months and $39 million for the six months ended July 3, 2016 .

Venezuela - Foreign Currency an

Venezuela - Foreign Currency and Inflation (Notes)	6 Months Ended
Venezuela - Foreign Currency and Inflation (Notes)	Jul. 03, 2016
Foreign Currency [Abstract]
Venezuela - Foreign Currency and Inflation	Venezuela - Foreign Currency and Inflation In February 2016, the Venezuela government announced the following changes to its foreign currency exchange mechanisms, which were effective on March 10, 2016: • the official exchange rate of BsF 6.30 per U.S. dollar, which was available through the government-operated National Center of Foreign Commerce (“CENCOEX”), was devalued to BsF 10 per U.S. dollar; • the CENCOEX was replaced with the Sistema de Divisa Protegida (“DIPRO”), which is available for purchases and sales of essential items, including food products; • the Complimentary System of Foreign Currency Acquirement (“SICAD”) was eliminated; and • the Marginal Currency System (“SIMADI”) was replaced with the Sistema de Divisa Complementaria (“DICOM”), which is available for all transactions not covered by DIPRO and is a free-floating exchange format. At July 3, 2016 , there were two exchange rates legally available to us for converting Venezuelan bolivars to U.S. dollars, including: • the official exchange rate of BsF 10 per U.S. dollar available through DIPRO; and • the DICOM rate, which averaged BsF 462 per U.S. dollar for the three months and BsF 338 per U.S. dollar for the six months ended July 3, 2016 , and was BsF 628 per U.S. dollar at July 3, 2016 . In June 2015, due to the continued lack of liquidity and increasing economic uncertainty, we reevaluated the rate used to remeasure the monetary assets and liabilities of our Venezuelan subsidiary. As of June 28, 2015 , we determined that the then current SIMADI rate of BsF 197.7 per U.S. dollar was the most appropriate legally available rate and remeasured our net monetary assets of our Venezuelan subsidiary, resulting in a nonmonetary currency devaluation of $234 million recorded in other expense/(income), net, in the condensed consolidated statements of income for the three and six months ended June 28, 2015 . Additionally, we assessed the nonmonetary assets of our Venezuelan subsidiary for impairment, which resulted in a $49 million loss to write down inventory to the lower of cost or market, which was recorded in cost of products sold in the condensed consolidated statements of income for the three and six months ended June 28, 2015 . As of July 3, 2016 , we continue to believe that the DICOM rate (formerly SIMADI) is the most appropriate legally available rate. During the second quarter of 2016, the DICOM rate increased significantly to BsF 628 per U.S. dollar as of July 3, 2016 . We remeasured the net monetary assets and operating results of our Venezuelan subsidiary to reflect this increase, resulting in a nonmonetary currency devaluation of $7 million recorded in other expense/(income), net, in the condensed consolidated statements of income for the three and six months ended July 3, 2016 . In addition, we assessed the nonmonetary assets of our Venezuelan subsidiary for impairment, resulting in a $53 million loss to write down property, plant and equipment, net, and prepaid spare parts, which was recorded within cost of products sold in the condensed consolidated statements of income for the three and six months ended July 3, 2016 . We have had limited access to, and settlements at, the official exchange rate of BsF 6.30 per U.S. dollar and no settlements at the official exchange rate of BsF 10 per U.S. dollar during the three and six months ended July 3, 2016 . We had outstanding requests of $26 million at July 3, 2016 for payment of invoices for the purchase of ingredients and packaging materials for the years from 2012 through 2015, all of which were requested for payment at BsF 6.30 per U.S. dollar. Our results of operations in Venezuela reflect a controlled subsidiary. However, the continuing economic uncertainty, strict labor laws, and evolving government controls over imports, prices, currency exchange and payments present a challenging operating environment. Increased restrictions imposed by the Venezuelan government or further deterioration of the economic environment could impact our ability to control our Venezuelan operations and could lead us to deconsolidate our Venezuelan subsidiary in the future.

Commitments, Contingencies and

Commitments, Contingencies and Debt (Notes)	6 Months Ended
Commitments, Contingencies and Debt (Notes)	Jul. 03, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Debt	Commitments, Contingencies and Debt 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. On April 1, 2015, the Commodity Futures Trading Commission (“CFTC”) filed a formal complaint against Mondelēz International, Inc. (“Mondelēz International”) and Kraft in the U.S. District Court for the Northern District of Illinois, Eastern Division, related to activities involving the trading of December 2011 wheat futures contracts. The complaint alleges that Mondelēz International and Kraft (1) manipulated or attempted to manipulate the wheat markets during the fall of 2011, (2) violated position limit levels for wheat futures, and (3) engaged in non-competitive trades by trading both sides of exchange-for-physical Chicago Board of Trade wheat contracts. As previously disclosed by Kraft, these activities arose prior to the October 1, 2012 spin-off of Kraft by Mondelēz International to its shareholders and involve the business now owned and operated by Mondelēz International or its affiliates. The Separation and Distribution Agreement between Kraft and Mondelēz International, dated as of September 27, 2012, governs the allocation of liabilities between Mondelēz International and Kraft 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, results of operations, or business. 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. Debt Borrowing Arrangements: On May 4, 2016, together with Kraft Heinz Foods Company, our wholly owned operating subsidiary, we entered into the first amendment (the “First Amendment”) to the credit agreement dated as of July 6, 2015 (the “Credit Agreement”) described in our Annual Report on Form 10-K for the year ended January 3, 2016. Among other things, the First Amendment (a) provided for a one time modification of the extension period of the Credit Agreement, (b) increased the letter of credit sublimit from $150 million to $300 million and (c) expanded the available currencies in which revolving loans can be issued with the mutual consent of Kraft Heinz Foods Company and the applicable lender. In connection with the First Amendment, the maturity date of the revolving loans and commitments under the Credit Agreement was extended from July 6, 2020 to July 6, 2021. The obligations under the Credit Agreement continue to be guaranteed by Kraft Heinz Foods Company in the case of indebtedness and other liabilities of any subsidiary borrower and by Kraft Heinz in the case of indebtedness and other liabilities of any subsidiary borrower and Kraft Heinz Foods Company. The Credit Agreement contains representations, warranties, covenants and events of default that are typical for this type of facility. During the second quarter of 2016, we also commenced a commercial paper program. As of July 3, 2016, we had $633 million of commercial paper outstanding, which had a weighted average interest rate of 1.129% . There was no commercial paper outstanding at January 3, 2016. Debt Issuance: The carrying value of our long-term debt, including the current portion, was $32.1 billion at July 3, 2016 and $25.2 billion at January 3, 2016. The increase during the period was driven by new issuances of long-term debt in May 2016 , as described below. • On May 24, 2016, we completed the sale of $2.0 billion aggregate principal amount of 3.000% Senior Notes due June 1, 2026 (the “2026 Notes”) and $3.0 billion aggregate principal amount of 4.375% Senior Notes due June 1, 2046 (the “2046 Notes” and, together with the 2026 Notes, the “U.S. Dollar Notes”). Interest on the U.S. Dollar Notes is payable semi-annually in arrears on June 1 and December 1 of each year, beginning on December 1, 2016. • On May 25, 2016, we completed the sale of €550 million aggregate principal amount of 1.500% Senior Notes due May 24, 2024 (the “2024 Notes”) and €1,250 million aggregate principal amount of 2.250% Senior Notes due May 25, 2028 (the “2028 Notes” and, together with the 2024 Notes, the “Euro Notes”). Interest on the 2024 Notes is payable annually in arrears on May 24 of each year, beginning on May 24, 2017. Interest on the 2028 Notes is payable annually in arrears on May 25 of each year, beginning on May 25, 2017. We used the net proceeds from the U.S. Dollar Notes and Euro Notes issuances primarily to redeem all outstanding shares of our 9.00% cumulative compounding preferred stock, Series A (“Series A Preferred Stock”). The U.S. Dollar Notes and the Euro Notes were issued by Kraft Heinz Foods Company and are fully and unconditionally guaranteed as to payment of principal, premium, if any, and interest on a senior unsecured basis by Kraft Heinz. The U.S. Dollar Notes and the Euro Notes contain customary covenants and events of default. We incurred debt issuance costs related to the sale of the U.S. Dollar Notes and the Euro Notes of $52 million , which is reflected as a direct deduction of our long-term debt balance on the condensed consolidated balance sheets at July 3, 2016. Fair Value of Debt: At July 3, 2016 , the aggregate fair value of our total debt was $35.6 billion . We determined the fair value of our short-term debt using Level 1 quoted prices in active markets. We determined the fair value of our long-term debt using Level 2 inputs. Fair values are generally estimated based on quoted market prices for identical or similar instruments. Series A Preferred Stock As noted above, o n June 7, 2016, we redeemed all outstanding shares of our Series A Preferred Stock . We funded this redemption primarily through the issuance of the U.S. Dollar Notes and Euro Notes, as well as other sources of liquidity, including our commercial paper program, U.S. securitization program, and cash on hand. In connection with the redemption, all Series A Preferred Stock was canceled and automatically retired. Additionally, on June 7, 2016, we filed a Certificate of Retirement of Series A Preferred Stock, which reduced the number of our preferred shares authorized by 80,000 to 920,000 and eliminated all references to the Series A Preferred Stock from our Certificate of Incorporation. Financing Arrangements In May 2016, we amended our U.S. securitization program. Under the new terms, we receive cash consideration of up to $800 million and a receivable for the remainder of the purchase price (the “Deferred Purchase Price”). This program expires in May 2017. There were no significant changes to our other accounts receivable securitization and factoring programs (“Programs”) during the six months ended January 3, 2016. See Note 15, Financing Arrangements, to our consolidated financial statements for the year ended January 3, 2016 in our Annual Report on Form 10-K for additional information on the Programs. The cash consideration and carrying amount of receivables removed from the condensed consolidated balance sheets in connection with the Programs were $860 million at July 3, 2016 and $267 million at January 3, 2016. The fair value of the Deferred Purchase Price for the Programs was $146 million at July 3, 2016 and $583 million at January 3, 2016. The Deferred Purchase Price is included in sold receivables on the condensed consolidated balance sheets and had a carrying value which approximated its fair value at July 3, 2016 and January 3, 2016. Redeemable Noncontrolling Interest In April 2016, the minority partner in our Brazilian subsidiary, Coniexpress S.A. Industrias Alimenticias (“Coniexpress”), exercised a put option that required us to purchase its 5% equity interest in the subsidiary for $21 million . The redemption value was determined based on a specified formula within the shareholders' agreement between our Brazilian subsidiary and the minority partner. An adjustment was made to retained earnings to record the carrying value at the maximum redemption value immediately prior to this transaction. As this exercise did not result in a change in control of Coniexpress, it was accounted for as an equity transaction. We now own 100% of our Brazilian subsidiary.

Earnings Per Share (Notes)

Earnings Per Share (Notes)	6 Months Ended
Earnings Per Share (Notes)	Jul. 03, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Our earnings per common share (“EPS”) for the three and six months ended July 3, 2016 and June 28, 2015 were: For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 (in millions, except per share amounts) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 770 $ (344 ) $ 1,666 $ (248 ) Weighted average shares of common stock outstanding 1,217 380 1,216 379 Net earnings/(loss) $ 0.63 $ (0.91 ) $ 1.37 $ (0.66 ) Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 770 $ (344 ) $ 1,666 $ (248 ) Weighted average shares of common stock outstanding 1,217 380 1,216 379 Effect of dilutive securities: Equity awards 10 — 10 — Weighted average shares of common stock outstanding, including dilutive effect 1,227 380 1,226 379 Net earnings/(loss) $ 0.63 $ (0.91 ) $ 1.36 $ (0.66 ) We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted earnings per common share. Due to the net loss attributable to common shareholders in the three and six months ended June 28, 2015 , the dilutive effects of equity awards and warrants were excluded. Anti-dilutive shares were 3 million for the three months and 2 million for the six months ended July 3, 2016 . There were no anti-dilutive shares for the three and six months ended June 28, 2015 .

Segment Reporting (Notes)

Segment Reporting (Notes)	6 Months Ended
Segment Reporting (Notes)	Jul. 03, 2016
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We manufacture and market food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, and other grocery products, throughout the world. We manage and report our operating results through four segments. We have three reportable segments defined by geographic region: United States, Canada, and Europe. Our remaining businesses are combined and disclosed as “Rest of World”. Rest of World is comprised of three operating segments: Asia Pacific, Latin America, and Russia, India, the Middle East and Africa (“RIMEA”). Management evaluates segment performance based on several factors including net sales and segment adjusted earnings before interest, tax, depreciation, and amortization (“Segment Adjusted EBITDA”). Management uses Segment Adjusted EBITDA to evaluate segment performance and allocate resources. Segment Adjusted EBITDA assists management in comparing our performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect our core operations. These items include depreciation and amortization (including amortization of postretirement benefit plans prior service credits), equity award compensation expense, integration and restructuring expenses, merger costs, unrealized gains and losses on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses until realized; once realized, the gains and losses are recorded in the applicable segment's operating results), impairment losses, gains/(losses) on the sale of a business, nonmonetary currency devaluation, and certain general corporate expenses. In addition, consistent with the manner in which management evaluates segment performance and allocates resources, Segment Adjusted EBITDA includes the operating results of Kraft on a pro forma basis, as if Kraft had been acquired as of December 30, 2013. There are no pro forma adjustments to any of the numbers disclosed in this note to the condensed consolidated financial statements except for the Segment Adjusted EBITDA reconciliation. In the first quarter of 2016, we moved certain historical Kraft export businesses from our United States segment to our Rest of World and Europe segments to align with our long-term go-to-market strategies. We began to manage and report our results reflecting this change in the first quarter of 2016 and have reflected this change in all pro forma historical information presented. The impact of this change is not material to current or prior period results. This change did not impact our Integration Program and restructuring expenses disclosed by segment in Note 3, Integration and Restructuring Expenses. Management does not use assets by segment to evaluate performance or allocate resources and therefore, we do not disclose assets by segment. Our net sales by segment and Segment Adjusted EBITDA were: For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 (in millions) Net sales: United States $ 4,692 $ 877 $ 9,407 $ 1,745 Canada 638 144 1,142 265 Europe 578 620 1,131 1,246 Rest of World 885 975 1,683 1,838 Total net sales $ 6,793 $ 2,616 $ 13,363 $ 5,094 For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 (in millions) Segment Adjusted EBITDA: United States $ 1,518 $ 1,208 $ 3,011 $ 2,331 Canada 192 151 343 264 Europe 212 225 389 439 Rest of World 208 228 375 418 General corporate expenses (43 ) (39 ) (80 ) (70 ) Depreciation and amortization (excluding integration and restructuring expenses) (124 ) (210 ) (285 ) (426 ) Integration and restructuring expenses (284 ) (118 ) (544 ) (199 ) Merger costs (14 ) (41 ) (29 ) (54 ) Unrealized gains/(losses) on commodity hedges 37 21 45 23 Impairment losses (53 ) (58 ) (53 ) (58 ) Gains/(losses) on sale of business — 21 — 21 Nonmonetary currency devaluation (2 ) (49 ) (3 ) (49 ) Equity award compensation expense (excluding integration and restructuring expenses) (11 ) (25 ) (20 ) (44 ) Other pro forma adjustments — (870 ) — (1,643 ) Operating income 1,636 444 3,149 953 Interest expense 264 394 513 595 Other expense/(income), net 6 245 (2 ) 206 Income/(loss) before income taxes $ 1,366 $ (195 ) $ 2,638 $ 152 In 2016, we reorganized the products within our product categories to reflect how we manage our business. We have reflected this change for all historical periods presented. Our net sales by product category were: For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 (in millions) Condiments and sauces $ 1,824 $ 1,439 $ 3,403 $ 2,677 Cheese and dairy 1,369 — 2,753 — Ambient meals 550 304 1,136 639 Frozen and chilled meals 562 416 1,179 877 Meats and seafood 740 51 1,445 96 Refreshment beverages 444 — 851 — Coffee 344 — 736 — Infant and nutrition 215 264 406 517 Desserts, toppings and baking 229 — 435 — Nuts and salted snacks 258 — 522 — Other 258 142 497 288 Total net sales $ 6,793 $ 2,616 $ 13,363 $ 5,094

Supplemental Financial Informat

Supplemental Financial Information (Notes)	6 Months Ended
Supplemental Financial Information (Notes)	Jul. 03, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Financial Information	Supplemental Financial Information We fully and unconditionally guarantee the notes issued by our wholly owned operating subsidiary, Kraft Heinz Foods Company. See Note 12, Debt, to our consolidated financial statements for the year ended January 3, 2016 in our Annual Report on Form 10-K for additional descriptions of these guarantees. None of our other subsidiaries guarantee these notes. Set forth below are the condensed consolidating financial statements presenting the results of operations, financial position and cash flows of Kraft Heinz (as parent guarantor), Kraft Heinz Foods Company (as subsidiary issuer of the notes), and the non-guarantor subsidiaries on a combined basis and eliminations necessary to arrive at the total reported information on a consolidated basis. This condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X Rule 3-10, “Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or being Registered.” This information is not intended to present the financial position, results of operations, and cash flows of the individual companies or groups of companies in accordance with U.S. GAAP. Eliminations represent adjustments to eliminate investments in subsidiaries and intercompany balances and transactions between or among the parent guarantor, subsidiary issuer, and the non-guarantor subsidiaries. The Kraft Heinz Company Condensed Consolidating Statements of Income For the Three Months Ended July 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,479 $ 2,474 $ (160 ) $ 6,793 Cost of products sold — 2,741 1,681 (160 ) 4,262 Gross profit — 1,738 793 — 2,531 Selling, general and administrative expenses — 307 588 — 895 Intercompany service fees and other recharges — 1,311 (1,311 ) — — Operating income — 120 1,516 — 1,636 Interest expense — 253 11 — 264 Other expense/(income), net — 55 (49 ) — 6 Income/(loss) before income taxes — (188 ) 1,554 — 1,366 Provision for/(benefit from) income taxes — (92 ) 503 — 411 Equity in earnings of subsidiaries 950 1,046 — (1,996 ) — Net income/(loss) 950 950 1,051 (1,996 ) 955 Net income/(loss) attributable to noncontrolling interest — — 5 — 5 Net income/(loss) excluding noncontrolling interest $ 950 $ 950 $ 1,046 $ (1,996 ) $ 950 Comprehensive income/(loss) excluding noncontrolling interest $ 577 $ 577 $ 579 $ (1,156 ) $ 577 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Three Months Ended June 28, 2015 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 932 $ 1,741 $ (57 ) $ 2,616 Cost of products sold — 652 1,139 (57 ) 1,734 Gross profit — 280 602 — 882 Selling, general and administrative expenses — 166 272 — 438 Intercompany service fees and other recharges — 5 (5 ) — — Operating income — 109 335 — 444 Interest expense — 360 34 — 394 Other expense/(income), net — 132 113 — 245 Income/(loss) before income taxes — (383 ) 188 — (195 ) Provision for/(benefit from) income taxes — (110 ) 75 — (35 ) Equity in earnings of subsidiaries (164 ) 109 — 55 — Net income/(loss) (164 ) (164 ) 113 55 (160 ) Net income/(loss) attributable to noncontrolling interest — — 4 — 4 Net income/(loss) excluding noncontrolling interest $ (164 ) $ (164 ) $ 109 $ 55 $ (164 ) Comprehensive income/(loss) excluding noncontrolling interest $ 107 $ 107 $ 349 $ (456 ) $ 107 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Six Months Ended July 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 8,950 $ 4,715 $ (302 ) $ 13,363 Cost of products sold — 5,573 3,183 (302 ) 8,454 Gross profit — 3,377 1,532 — 4,909 Selling, general and administrative expenses — 584 1,176 — 1,760 Intercompany service fees and other recharges — 2,525 (2,525 ) — — Operating income — 268 2,881 — 3,149 Interest expense — 488 25 — 513 Other expense/(income), net — 86 (88 ) — (2 ) Income/(loss) before income taxes — (306 ) 2,944 — 2,638 Provision for/(benefit from) income taxes — (150 ) 933 — 783 Equity in earnings of subsidiaries 1,846 2,002 — (3,848 ) — Net income/(loss) 1,846 1,846 2,011 (3,848 ) 1,855 Net income/(loss) attributable to noncontrolling interest — — 9 — 9 Net income/(loss) excluding noncontrolling interest $ 1,846 $ 1,846 $ 2,002 $ (3,848 ) $ 1,846 Comprehensive income/(loss) excluding noncontrolling interest $ 1,584 $ 1,584 $ 1,728 $ (3,312 ) $ 1,584 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Six Months Ended June 28, 2015 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,857 $ 3,353 $ (116 ) $ 5,094 Cost of products sold — 1,270 2,211 (116 ) 3,365 Gross profit — 587 1,142 — 1,729 Selling, general and administrative expenses — 302 474 — 776 Intercompany service fees and other recharges — (7 ) 7 — — Operating income — 292 661 — 953 Interest expense — 526 69 — 595 Other expense/(income), net — 129 77 — 206 Income/(loss) before income taxes — (363 ) 515 — 152 Provision for/(benefit from) income taxes — (111 ) 144 — 33 Equity in earnings of subsidiaries 112 364 — (476 ) — Net income/(loss) 112 112 371 (476 ) 119 Net income/(loss) attributable to noncontrolling interest — — 7 — 7 Net income/(loss) excluding noncontrolling interest $ 112 $ 112 $ 364 $ (476 ) $ 112 Comprehensive income/(loss) excluding noncontrolling interest $ (33 ) $ (33 ) $ (195 ) $ 228 $ (33 ) The Kraft Heinz Company Condensed Consolidating Balance Sheets As of July 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 2,679 $ 1,558 $ — $ 4,237 Trade receivables — 163 951 — 1,114 Receivables due from affiliates — 872 169 (1,041 ) — Dividends due from affiliates 827 — — (827 ) — Sold receivables — 118 28 — 146 Inventories — 1,900 981 — 2,881 Short-term lending due from affiliates — 1,673 2,805 (4,478 ) — Other current assets — 1,039 430 (500 ) 969 Total current assets 827 8,444 6,922 (6,846 ) 9,347 Property, plant and equipment, net — 4,156 2,267 — 6,423 Goodwill — 11,093 33,548 — 44,641 Investments in subsidiaries 57,825 72,866 — (130,691 ) — Intangible assets, net — 3,437 56,325 — 59,762 Long-term lending due from affiliates — 1,723 2,000 (3,723 ) — Other assets — 544 967 — 1,511 TOTAL ASSETS $ 58,652 $ 102,263 $ 102,029 $ (141,260 ) $ 121,684 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 640 $ 5 $ — $ 645 Current portion of long-term debt — 2,087 19 — 2,106 Short-term lending due to affiliates — 2,805 1,673 (4,478 ) — Trade payables — 1,720 1,240 — 2,960 Payables due to affiliates — 169 872 (1,041 ) — Accrued marketing — 279 588 — 867 Accrued postemployment costs — 150 14 — 164 Income taxes payable — — 868 (500 ) 368 Interest payable — 383 10 — 393 Dividends payable 827 — — — 827 Dividends due to affiliates — 827 — (827 ) — Other current liabilities — 928 335 — 1,263 Total current liabilities 827 9,988 5,624 (6,846 ) 9,593 Long-term debt — 28,975 1,027 — 30,002 Long-term borrowings due to affiliates — 2,000 1,933 (3,933 ) — Deferred income taxes — 1,169 19,731 — 20,900 Accrued postemployment costs — 2,064 277 — 2,341 Other liabilities — 241 560 — 801 TOTAL LIABILITIES 827 44,437 29,152 (10,779 ) 63,637 Redeemable noncontrolling interest — — — — — Total shareholders' equity 57,825 57,826 72,656 (130,481 ) 57,826 Noncontrolling interest — — 221 — 221 TOTAL EQUITY 57,825 57,826 72,877 (130,481 ) 58,047 TOTAL LIABILITIES AND EQUITY $ 58,652 $ 102,263 $ 102,029 $ (141,260 ) $ 121,684 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of January 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 3,189 $ 1,648 $ — $ 4,837 Trade receivables — 62 809 — 871 Receivables due from affiliates — 555 319 (874 ) — Sold receivables — 554 29 583 Inventories — 1,741 877 — 2,618 Short-term lending due from affiliates — 3,657 4,353 (8,010 ) — Other current assets — 645 443 (217 ) 871 Total current assets — 10,403 8,478 (9,101 ) 9,780 Property, plant and equipment, net — 4,518 2,006 — 6,524 Goodwill — 10,976 32,075 — 43,051 Investments in subsidiaries 66,005 73,105 — (139,110 ) — Intangible assets, net — 3,838 58,282 — 62,120 Long-term lending due from affiliates — 1,700 2,000 (3,700 ) — Other assets — 534 964 — 1,498 TOTAL ASSETS $ 66,005 $ 105,074 $ 103,805 $ (151,911 ) $ 122,973 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ — $ 4 $ — $ 4 Current portion of long-term debt — 65 14 — 79 Short-term lending due to affiliates — 4,353 3,657 (8,010 ) — Trade payables — 1,612 1,232 — 2,844 Payables due to affiliates — 319 555 (874 ) — Accrued marketing — 359 497 — 856 Accrued postemployment costs — 316 12 — 328 Income taxes payable — 71 563 (217 ) 417 Interest payable — 386 15 — 401 Dividends payable — 762 — — 762 Other current liabilities — 988 253 — 1,241 Total current liabilities — 9,231 6,802 (9,101 ) 6,932 Long-term debt — 24,143 1,008 — 25,151 Long-term borrowings due to affiliates — 2,000 1,905 (3,905 ) — Deferred income taxes — 1,278 20,219 — 21,497 Accrued postemployment costs — 2,147 258 — 2,405 Other liabilities — 270 482 — 752 TOTAL LIABILITIES — 39,069 30,674 (13,006 ) 56,737 Redeemable noncontrolling interest — — 23 — 23 9.00% cumulative compounding preferred stock, Series A 8,320 — — — 8,320 Total shareholders' equity 57,685 66,005 72,900 (138,905 ) 57,685 Noncontrolling interest — — 208 — 208 TOTAL EQUITY 57,685 66,005 73,108 (138,905 ) 57,893 TOTAL LIABILITIES AND EQUITY $ 66,005 $ 105,074 $ 103,805 $ (151,911 ) $ 122,973 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Six Months Ended July 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided by/(used for) operating activities $ 847 $ 1,520 $ 584 $ (847 ) $ 2,104 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures — (346 ) (168 ) — (514 ) Proceeds from net investment hedges — 77 — — 77 Net proceeds from/(payments on) intercompany lending activities — 595 107 (702 ) — Additional investments in subsidiaries — (10 ) — 10 — Return of capital 8,987 — — (8,987 ) — Other investing activities, net — (54 ) (25 ) — (79 ) Net cash provided by/(used for) investing activities 8,987 262 (86 ) (9,679 ) (516 ) CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (8 ) (4 ) — (12 ) Proceeds from issuance of long-term debt — 6,980 2 — 6,982 Proceeds from issuance of commercial paper — 1,939 — — 1,939 Repayments of commercial paper — (1,307 ) — — (1,307 ) Net proceeds from/(payments on) intercompany borrowing activities — (107 ) (595 ) 702 — Dividends paid-Series A Preferred Stock (180 ) — — — (180 ) Dividends paid-common stock (1,334 ) (1,514 ) — 1,514 (1,334 ) Redemption of Series A Preferred Stock (8,320 ) (8,320 ) Other intercompany capital stock transactions — (8,320 ) 10 8,310 — Other financing activities, net — 45 (2 ) — 43 Net cash provided by/(used for) financing activities (9,834 ) (2,292 ) (589 ) 10,526 (2,189 ) Effect of exchange rate changes on cash and cash equivalents — — 1 — 1 Cash and cash equivalents: Net increase/(decrease) — (510 ) (90 ) — (600 ) Balance at beginning of period — 3,189 1,648 — 4,837 Balance at end of period $ — $ 2,679 $ 1,558 $ — $ 4,237 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 28, 2015 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided by/(used for) operating activities $ 180 $ (56 ) $ 467 $ (180 ) $ 411 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures — (59 ) (104 ) — (163 ) Proceeds from net investment hedges — 306 — — 306 Net proceeds from/(payments on) intercompany lending activities — (76 ) (246 ) 322 — Return of capital 180 5 — (185 ) — Other investing activities, net — (2 ) 9 — 7 Net cash provided by/(used for) investing activities 180 174 (341 ) 137 150 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (1,960 ) (3 ) — (1,963 ) Proceeds from issuance of long-term debt — 2,000 — — 2,000 Net proceeds from/(payments on) intercompany borrowing activities — 246 76 (322 ) — Dividends paid-Series A Preferred Stock (360 ) — — — (360 ) Dividends paid-common stock — (360 ) — 360 — Other intercompany capital stock transactions — — (5 ) 5 — Other financing activities, net — (3 ) (53 ) — (56 ) Net cash provided by/(used for) financing activities (360 ) (77 ) 15 43 (379 ) Effect of exchange rate changes on cash and cash equivalents — — (333 ) — (333 ) Cash and cash equivalents: Net increase/(decrease) — 41 (192 ) — (151 ) Balance at beginning of period — 541 1,757 — 2,298 Balance at end of period $ — $ 582 $ 1,565 $ — $ 2,147

Background and Basis of Prese23

Background and Basis of Presentation (Policies)	6 Months Ended
Background and Basis of Presentation (Policies)	Jul. 03, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards: In May 2014, the Financial Accounting Standards Board (the “FASB”) issued an accounting standards update (“ASU”) that superseded previously existing revenue recognition guidance. Under this ASU, companies 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 company expects to be entitled in exchange for those goods or services. This ASU will be effective beginning in the first quarter of our fiscal year 2018. The ASU may be applied retrospectively to historical periods presented or as a cumulative-effect adjustment as of the date of adoption. We are currently evaluating the impact that this ASU will have on our financial statements and related disclosures. In September 2015, the FASB issued an ASU intended to simplify the accounting for measurement period adjustments in a business combination. Measurement period adjustments are changes to provisional amounts recorded when the accounting for a business combination is incomplete as of the end of a reporting period. The measurement period can extend for up to a year following the transaction date. During the measurement period, companies may make adjustments to provisional amounts when information necessary to complete the measurement is received. The ASU requires companies to recognize these adjustments, including any related impacts to net income, in the reporting period in which the adjustments are determined. Companies are no longer required to retroactively apply measurement period adjustments to all periods presented. We early adopted this ASU in 2015. See Note 2, Merger and Acquisition , for additional information on measurement period adjustments. In February 2016, the FASB issued an ASU that superseded previously existing leasing guidance. The ASU is intended to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. The new guidance requires lessees to reflect most leases on their balance sheet as assets and obligations. This ASU will be effective beginning in the first quarter of our fiscal year 2019. Early adoption is permitted. The new guidance must be adopted using a modified retrospective transition, and provides for certain practical expedients. We are currently evaluating the impact that this ASU will have on our financial statements and related disclosures. In March 2016, the FASB issued an ASU intended to simplify equity-based award accounting and presentation. The ASU impacts income tax accounting related to equity-based awards, the classification of awards as either equity or liabilities, and the classification on the statement of cash flows. This ASU will be effective beginning in the first quarter of our fiscal year 2017. Early adoption is permitted. We are currently evaluating the impact that this ASU will have on our financial statements and related disclosures.

Merger and Acquisition (Tables)

Merger and Acquisition (Tables) - Kraft Foods Group, Inc.	6 Months Ended
Merger and Acquisition (Tables) - Kraft Foods Group, Inc.	Jul. 03, 2016
Business Acquisition [Line Items]
Business Combination, Schedule of Consideration Exchanged	Under the acquisition method of accounting, total consideration exchanged was (in millions): Aggregate fair value of Kraft common stock $ 42,502 $16.50 per share special cash dividend 9,782 Fair value of replacement equity awards 353 Total consideration exchanged $ 52,637
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The final purchase price allocation to assets acquired and liabilities assumed in the transaction was (in millions): Cash $ 314 Other current assets 3,423 Property, plant and equipment 4,179 Identifiable intangible assets 47,771 Other non-current assets 214 Trade and other payables (3,026 ) Long-term debt (9,286 ) Net postemployment benefits and other non-current liabilities (4,739 ) Deferred income tax liabilities (16,675 ) Net assets acquired 22,175 Goodwill on acquisition 30,462 Total consideration 52,637 Fair value of shares exchanged and equity awards 42,855 Total cash consideration paid to Kraft shareholders 9,782 Cash and cash equivalents of Kraft at the 2015 Merger Date 314 Acquisition of business, net of cash on hand $ 9,468
Business Acquisition, Pro Forma Information	The following table provides unaudited pro forma results, prepared in accordance with ASC 805, for the three and six months ended June 28, 2015 , as if Kraft had been acquired as of December 30, 2013. For the Three Months Ended For the Six Months Ended June 28, 2015 June 28, 2015 (in millions, except per share data) Net sales $ 7,130 $ 13,960 Net income 366 1,104 Basic earnings per share 0.16 0.63 Diluted earnings per share 0.15 0.61

Integration and Restructuring25

Integration and Restructuring Expenses (Tables)	6 Months Ended
Integration and Restructuring Expenses (Tables)	Jul. 03, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring Costs by Type and Income Statement Location	Our total Integration Program and restructuring expenses were (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Severance and employee benefit costs - COGS $ 23 $ 9 $ 29 $ 19 Severance and employee benefit costs - SG&A 14 11 46 13 Asset-related costs - COGS 137 31 279 34 Asset-related costs - SG&A 12 — 26 — Other exit costs - COGS 39 6 72 23 Other exit costs - SG&A 59 5 92 16 $ 284 $ 62 $ 544 $ 105
Restructuring Costs Excluded from Segments	The pre-tax impact of allocating such expenses to our segments would have been (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 United States $ 247 $ 31 $ 446 $ 40 Canada 9 11 27 12 Europe 13 9 28 34 Rest of World — 5 — 9 Non-Operating 15 6 43 10 $ 284 $ 62 $ 544 $ 105
Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring Costs by Type and Income Statement Location	Our Integration Program costs during the three and six months ended July 3, 2016 were (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 July 3, 2016 Severance and employee benefit costs $ 30 $ 58 Asset-related costs 149 305 Other exit costs 17 25 Other implementation costs 63 112 $ 259 $ 500
Schedule of Restructuring Reserve by Type of Cost	The liability balance associated with the Integration Program, which qualifies as U.S. GAAP exit and disposal costs, was (in millions): Severance and Employee Benefit Costs Other Exit Costs (a) Total Balance at January 3, 2016 $ 185 $ 23 $ 208 Charges 58 25 83 Cash payments (83 ) (38 ) (121 ) Non-cash utilization (9 ) — (9 ) Balance at July 3, 2016 $ 151 $ 10 $ 161 (a) Other exit costs primarily represent contract and lease terminations.
Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Reserve by Type of Cost	As of July 3, 2016 , the liability balance associated with active restructuring projects, which qualifies as U.S. GAAP exit and disposal costs, was (in millions): Severance and Employee Benefit Costs Other Exit Costs (a) Total Balance at January 3, 2016 $ 25 $ 30 $ 55 Charges 17 1 18 Cash payments (25 ) (3 ) (28 ) Balance at July 3, 2016 $ 17 $ 28 $ 45 (a) Other exit costs primarily represent contract and lease terminations.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jul. 03, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories at July 3, 2016 and January 3, 2016 were (in millions): July 3, 2016 January 3, 2016 Packaging and ingredients $ 601 $ 563 Work in process 369 393 Finished product 1,911 1,662 Inventories $ 2,881 $ 2,618

Goodwill and Intangible Asset27

Goodwill and Intangible Assets (Tables)	6 Months Ended
Goodwill and Intangible Assets (Tables)	Jul. 03, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the carrying amount of goodwill	Changes in the carrying amount of goodwill from January 3, 2016 to July 3, 2016 , by segment, were (in millions): United States Canada Europe Rest of World Total Balance at January 3, 2016 $ 32,290 $ 4,796 $ 3,182 $ 2,783 $ 43,051 2015 Merger measurement period adjustments 1,433 — — — 1,433 Translation adjustments — 334 (263 ) 86 157 Balance at July 3, 2016 $ 33,723 $ 5,130 $ 2,919 $ 2,869 $ 44,641
Changes in the carrying amount of indefinite-lived intangible assets	Indefinite-lived intangible assets, which primarily consisted of trademarks, were (in millions): Balance at January 3, 2016 $ 55,824 2015 Merger measurement period adjustments (1,978 ) Translation adjustments (253 ) Balance at July 3, 2016 $ 53,593
Schedule of definite-lived intangible assets by major asset class	Definite-lived intangible assets at July 3, 2016 and January 3, 2016 were (in millions): July 3, 2016 January 3, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trademarks $ 2,354 $ (122 ) $ 2,232 $ 2,346 $ (70 ) $ 2,276 Customer-related assets 4,219 (292 ) 3,927 4,218 (209 ) 4,009 Other 14 (4 ) 10 15 (4 ) 11 $ 6,587 $ (418 ) $ 6,169 $ 6,579 $ (283 ) $ 6,296

Employees' Stock Incentive Pl28

Employees' Stock Incentive Plans (Tables)	6 Months Ended
Employees' Stock Incentive Plans (Tables)	Jul. 03, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	Our stock option activity and related information was: Number of Stock Options Weighted Average Exercise Price (per share) Outstanding at January 3, 2016 24,205,612 $ 34.86 Options granted 1,204,005 77.66 Options forfeited (470,020 ) 40.65 Options exercised (3,090,965 ) 35.04 Outstanding at July 3, 2016 21,848,632 37.07
Schedule of Share-based Compensation, RSU Activity	Our restricted stock unit (“RSU”) activity and related information was: Number of Units Weighted Average Grant Date Fair Value (per share) RSUs at January 3, 2016 968,444 $ 70.14 Granted 499,563 77.49 Forfeited (57,558 ) 73.83 Vested (404,578 ) 72.96 RSUs at July 3, 2016 1,005,871 72.43
Schedule of Compensation Costs Related to Equity Plans	Equity award compensation cost and the related tax benefit was (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Pre-tax compensation cost $ 13 $ 3 $ 26 $ 5 Tax benefit (4 ) (1 ) (8 ) (2 ) After-tax compensation cost $ 9 $ 2 $ 18 $ 3

Postemployment Benefits (Tables

Postemployment Benefits (Tables)	6 Months Ended
Postemployment Benefits (Tables)	Jul. 03, 2016
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Components of Net Cost/(Benefit)	Net pension cost/(benefit) consisted of the following for the three and six months ended July 3, 2016 and June 28, 2015 (in millions): For the Three Months Ended For the Six Months Ended U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Service cost $ 4 $ 2 $ 6 $ 5 $ 7 $ 3 $ 12 $ 10 Interest cost 53 4 22 22 106 9 43 43 Expected return on plan assets (74 ) (3 ) (47 ) (42 ) (148 ) (8 ) (93 ) (85 ) Amortization of unrecognized losses/(gains) — 1 — — — 2 — — Settlements — — — 11 (6 ) — — 11 Curtailments — — — (2 ) — — — (2 ) Net pension cost/(benefit) $ (17 ) $ 4 $ (19 ) $ (6 ) $ (41 ) $ 6 $ (38 ) $ (23 )
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Components of Net Cost/(Benefit)	Net postretirement cost/(benefit) consisted of the following for the three and six months ended July 3, 2016 and June 28, 2015 (in millions): For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Service cost $ 4 $ 1 $ 8 $ 2 Interest cost 14 2 30 4 Amortization of prior service costs/(credits) (80 ) (2 ) (162 ) (3 ) Net postretirement cost /(benefit) $ (62 ) $ 1 $ (124 ) $ 3

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income/(Losses) (Tables) - Accumulated Other Comprehensive Income/(Losses)	6 Months Ended
	Jul. 03, 2016
Accumulated Other Comprehensive Income/(Losses) [Line Items]
Components of and Changes in Accumulated Other Comprehensive Income/(Losses)	The components of, and changes in, accumulated other comprehensive income/(losses) were as follows (net of tax): Foreign Currency Translation Adjustments Net Postemployment Benefit Plan Adjustments Net Cash Flow Hedge Adjustments Total (in millions) Balance as of January 3, 2016 $ (1,646 ) $ 922 $ 53 $ (671 ) Foreign currency translation adjustments (153 ) — — (153 ) Net deferred gains/(losses) on net investment hedges 45 — — 45 Reclassification of net postemployment benefit losses/(gains) — (104 ) — (104 ) Net deferred gains/(losses) on cash flow hedges — — (32 ) (32 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income — — (18 ) (18 ) Total other comprehensive income/(loss) (108 ) (104 ) (50 ) (262 ) Balance as of July 3, 2016 $ (1,754 ) $ 818 $ 3 $ (933 )
Gross Amount and Related Tax Benefit/(Expense) Recorded in and Associated with each Component of Other Comprehensive Income/(Loss)	The gross amount and related tax benefit/(expense) recorded in, and associated with, each component of other comprehensive income/(loss) for the three and six months ended July 3, 2016 and June 28, 2015 were as follows (in millions): For the Three Months Ended July 3, 2016 June 28, 2015 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ (418 ) $ — $ (418 ) $ 360 $ — $ 360 Net deferred gains/(losses) on net investment hedges 194 (89 ) 105 (330 ) 124 (206 ) Net actuarial gains/(losses) arising during the period — — — (23 ) 5 (18 ) Reclassification of net postemployment benefit losses/(gains) (80 ) 30 (50 ) 10 (2 ) 8 Net deferred gains/(losses) on cash flow hedges (17 ) 3 (14 ) (8 ) (2 ) (10 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income 6 (2 ) 4 223 (86 ) 137 For the Six Months Ended July 3, 2016 June 28, 2015 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ (153 ) $ — $ (153 ) $ (420 ) $ — $ (420 ) Net deferred gains/(losses) on net investment hedges 110 (65 ) 45 421 (195 ) 226 Net actuarial gains/(losses) arising during the period — — — (25 ) 6 (19 ) Reclassification of net postemployment benefit losses/(gains) (168 ) 64 (104 ) 10 (3 ) 7 Net deferred gains/(losses) on cash flow hedges (45 ) 13 (32 ) (120 ) 43 (77 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income (20 ) 2 (18 ) 222 (84 ) 138
Amounts Reclassified From Accumulated Other Comprehensive Income/(Losses)	The amounts reclassified from accumulated other comprehensive income/(losses) in the three and six months ended July 3, 2016 and June 28, 2015 were as follows (in millions): Accumulated Other Comprehensive Income/(Losses) Component Reclassified from Accumulated Other Comprehensive Income/(Losses) Affected Line Item in the Statement Where Net Income is Presented For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 Losses/(gains) on cash flow hedges: Foreign exchange contracts $ (2 ) $ 1 $ (3 ) $ 2 Net sales Foreign exchange contracts (4 ) (11 ) (33 ) (16 ) Cost of products sold Foreign exchange contracts 11 — 14 (1 ) Other expense/(income), net Interest rate contracts 1 233 2 237 Interest expense Losses/(gains) on cash flow hedges before income taxes 6 223 (20 ) 222 Losses/(gains) on cash flow hedges income taxes (2 ) (86 ) 2 (84 ) Losses/(gains) on cash flow hedges $ 4 $ 137 $ (18 ) $ 138 Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) $ — $ 1 $ — $ 2 (a) Amortization of prior service costs/(credits) (80 ) (2 ) (162 ) (3 ) (a) Settlement and curtailments losses/(gains) — 11 (6 ) 11 (a) Losses/(gains) on postemployment benefits before income taxes (80 ) 10 (168 ) 10 Losses/(gains) on postemployment benefits income taxes 30 (2 ) 64 (3 ) Losses/(gains) on postemployment benefits $ (50 ) $ 8 $ (104 ) $ 7 (a) These components are included in the computation of net periodic postemployment benefit costs. See Note 8, Postemployment Benefits , for additional information.

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
Financial Instruments (Tables)	Jul. 03, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	The notional values of our derivative instruments at July 3, 2016 and January 3, 2016 were (in millions): Notional Amount July 3, 2016 January 3, 2016 Commodity contracts $ 474 $ 787 Foreign exchange contracts 2,820 3,458 Cross-currency contracts 3,173 4,328
Schedule of derivative fair values and levels within the fair value hierarchy on the balance sheets	The fair values and the levels within the fair value hierarchy of derivative instruments recorded on the condensed consolidated balance sheets at July 3, 2016 and January 3, 2016 were (in millions): July 3, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Foreign exchange contracts $ — $ — $ 27 $ 41 $ — $ — $ 27 $ 41 Cross-currency contracts — — 450 14 — — 450 14 Derivatives not designated as hedging instruments: Commodity contracts 39 6 1 3 — — 40 9 Foreign exchange contracts — — 27 15 — — 27 15 Cross-currency contracts — — 40 — — — 40 — Total fair value $ 39 $ 6 $ 545 $ 73 $ — $ — $ 584 $ 79 January 3, 2016 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Foreign exchange contracts $ — $ — $ 46 $ 6 $ — $ — $ 46 $ 6 Cross-currency contracts — — 605 — — — 605 — Derivatives not designated as hedging instruments: Commodity contracts 24 29 1 7 — — 25 36 Foreign exchange contracts — — 88 13 — — 88 13 Cross-currency contracts — — 47 — — — 47 — Total fair value $ 24 $ 29 $ 787 $ 26 $ — $ — $ 811 $ 55
Schedule of cross-currency swap derivatives	At July 3, 2016 , our cross-currency swaps designated as net investment hedges consisted of: Instrument Notional (local) (in billions) Notional (USD) (in billions) Maturity Cross-currency swap £ 0.8 $ 1.4 October 2019 Cross-currency swap C$ 1.8 1.6 December 2019
Schedule of gains/(losses) recognized in statements of operations	The following tables present the pre-tax effect of derivative instruments on the condensed consolidated statements of income and statements of comprehensive income for the three and six months ended July 3, 2016 and June 28, 2015 (in millions): For the Three Months Ended July 3, 2016 June 28, 2015 Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Contracts Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Derivatives designated as hedging instruments: Cash flow hedges: Gains/(losses) recognized in other comprehensive income (effective portion) $ — $ (9 ) $ — $ (8 ) $ — $ (17 ) $ — $ 9 Net investment hedges: Gains/(losses) recognized in other comprehensive income (effective portion) — 46 90 — — — (330 ) — Total gains/(losses) recognized in other comprehensive income (effective portion) $ — $ 37 $ 90 $ (8 ) $ — $ (17 ) $ (330 ) $ 9 Cash flow hedges reclassified to net income/(loss): Net sales $ — $ 2 $ — $ — $ — $ (1 ) $ — $ — Cost of products sold (effective portion) — 4 — — — 11 — — Other expense/(income), net — (11 ) — — — — — — Interest expense — — — (1 ) — — — (233 ) — (5 ) — (1 ) — 10 — (233 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold 29 — — — — — — — Gains/(losses) on derivatives recognized in other expense/(income), net — 18 (1 ) — — (16 ) — — 29 18 (1 ) — — (16 ) — — Total gains/(losses) recognized in statements of income $ 29 $ 13 $ (1 ) $ (1 ) $ — $ (6 ) $ — $ (233 ) For the Six Months Ended July 3, 2016 June 28, 2015 Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Contracts Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Derivatives designated as hedging instruments: Cash flow hedges: Gains/(losses) recognized in other comprehensive income (effective portion) $ — $ (37 ) $ — $ (8 ) $ — $ (9 ) $ — $ (111 ) Net investment hedges: Gains/(losses) recognized in other comprehensive income (effective portion) — 46 25 — — — 421 — Total gains/(losses) recognized in other comprehensive income (effective portion) $ — $ 9 $ 25 $ (8 ) $ — $ (9 ) $ 421 $ (111 ) Cash flow hedges reclassified to net income/(loss): Net sales $ — $ 3 $ — $ — $ — $ (2 ) $ — $ — Cost of products sold (effective portion) — 33 — — — 16 — — Other expense/(income), net — (14 ) — — — 1 — — Interest expense — — — (2 ) — — — (237 ) — 22 — (2 ) — 15 — (237 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold 11 — — — — — — — Gains/(losses) on derivatives recognized in other expense/(income), net — (57 ) (8 ) — — 33 — 11 11 (57 ) (8 ) — — 33 — 11 Total gains/(losses) recognized in statements of income $ 11 $ (35 ) $ (8 ) $ (2 ) $ — $ 48 $ — $ (226 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jul. 03, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Our earnings per common share (“EPS”) for the three and six months ended July 3, 2016 and June 28, 2015 were: For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 (in millions, except per share amounts) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 770 $ (344 ) $ 1,666 $ (248 ) Weighted average shares of common stock outstanding 1,217 380 1,216 379 Net earnings/(loss) $ 0.63 $ (0.91 ) $ 1.37 $ (0.66 ) Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 770 $ (344 ) $ 1,666 $ (248 ) Weighted average shares of common stock outstanding 1,217 380 1,216 379 Effect of dilutive securities: Equity awards 10 — 10 — Weighted average shares of common stock outstanding, including dilutive effect 1,227 380 1,226 379 Net earnings/(loss) $ 0.63 $ (0.91 ) $ 1.36 $ (0.66 )

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
Segment Reporting (Tables)	Jul. 03, 2016
Segment Reporting [Abstract]
Net Sales by Segment	Our net sales by segment and Segment Adjusted EBITDA were: For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 (in millions) Net sales: United States $ 4,692 $ 877 $ 9,407 $ 1,745 Canada 638 144 1,142 265 Europe 578 620 1,131 1,246 Rest of World 885 975 1,683 1,838 Total net sales $ 6,793 $ 2,616 $ 13,363 $ 5,094
Segment Adjusted EBITDA	For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 (in millions) Segment Adjusted EBITDA: United States $ 1,518 $ 1,208 $ 3,011 $ 2,331 Canada 192 151 343 264 Europe 212 225 389 439 Rest of World 208 228 375 418 General corporate expenses (43 ) (39 ) (80 ) (70 ) Depreciation and amortization (excluding integration and restructuring expenses) (124 ) (210 ) (285 ) (426 ) Integration and restructuring expenses (284 ) (118 ) (544 ) (199 ) Merger costs (14 ) (41 ) (29 ) (54 ) Unrealized gains/(losses) on commodity hedges 37 21 45 23 Impairment losses (53 ) (58 ) (53 ) (58 ) Gains/(losses) on sale of business — 21 — 21 Nonmonetary currency devaluation (2 ) (49 ) (3 ) (49 ) Equity award compensation expense (excluding integration and restructuring expenses) (11 ) (25 ) (20 ) (44 ) Other pro forma adjustments — (870 ) — (1,643 ) Operating income 1,636 444 3,149 953 Interest expense 264 394 513 595 Other expense/(income), net 6 245 (2 ) 206 Income/(loss) before income taxes $ 1,366 $ (195 ) $ 2,638 $ 152
Net Sales by Product	Our net sales by product category were: For the Three Months Ended For the Six Months Ended July 3, 2016 June 28, 2015 July 3, 2016 June 28, 2015 (in millions) Condiments and sauces $ 1,824 $ 1,439 $ 3,403 $ 2,677 Cheese and dairy 1,369 — 2,753 — Ambient meals 550 304 1,136 639 Frozen and chilled meals 562 416 1,179 877 Meats and seafood 740 51 1,445 96 Refreshment beverages 444 — 851 — Coffee 344 — 736 — Infant and nutrition 215 264 406 517 Desserts, toppings and baking 229 — 435 — Nuts and salted snacks 258 — 522 — Other 258 142 497 288 Total net sales $ 6,793 $ 2,616 $ 13,363 $ 5,094

Supplemental Financial Inform34

Supplemental Financial Information (Tables)	6 Months Ended
Supplemental Financial Information (Tables)	Jul. 03, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidating Statements of Income	The Kraft Heinz Company Condensed Consolidating Statements of Income For the Three Months Ended July 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,479 $ 2,474 $ (160 ) $ 6,793 Cost of products sold — 2,741 1,681 (160 ) 4,262 Gross profit — 1,738 793 — 2,531 Selling, general and administrative expenses — 307 588 — 895 Intercompany service fees and other recharges — 1,311 (1,311 ) — — Operating income — 120 1,516 — 1,636 Interest expense — 253 11 — 264 Other expense/(income), net — 55 (49 ) — 6 Income/(loss) before income taxes — (188 ) 1,554 — 1,366 Provision for/(benefit from) income taxes — (92 ) 503 — 411 Equity in earnings of subsidiaries 950 1,046 — (1,996 ) — Net income/(loss) 950 950 1,051 (1,996 ) 955 Net income/(loss) attributable to noncontrolling interest — — 5 — 5 Net income/(loss) excluding noncontrolling interest $ 950 $ 950 $ 1,046 $ (1,996 ) $ 950 Comprehensive income/(loss) excluding noncontrolling interest $ 577 $ 577 $ 579 $ (1,156 ) $ 577 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Three Months Ended June 28, 2015 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 932 $ 1,741 $ (57 ) $ 2,616 Cost of products sold — 652 1,139 (57 ) 1,734 Gross profit — 280 602 — 882 Selling, general and administrative expenses — 166 272 — 438 Intercompany service fees and other recharges — 5 (5 ) — — Operating income — 109 335 — 444 Interest expense — 360 34 — 394 Other expense/(income), net — 132 113 — 245 Income/(loss) before income taxes — (383 ) 188 — (195 ) Provision for/(benefit from) income taxes — (110 ) 75 — (35 ) Equity in earnings of subsidiaries (164 ) 109 — 55 — Net income/(loss) (164 ) (164 ) 113 55 (160 ) Net income/(loss) attributable to noncontrolling interest — — 4 — 4 Net income/(loss) excluding noncontrolling interest $ (164 ) $ (164 ) $ 109 $ 55 $ (164 ) Comprehensive income/(loss) excluding noncontrolling interest $ 107 $ 107 $ 349 $ (456 ) $ 107 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Six Months Ended July 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 8,950 $ 4,715 $ (302 ) $ 13,363 Cost of products sold — 5,573 3,183 (302 ) 8,454 Gross profit — 3,377 1,532 — 4,909 Selling, general and administrative expenses — 584 1,176 — 1,760 Intercompany service fees and other recharges — 2,525 (2,525 ) — — Operating income — 268 2,881 — 3,149 Interest expense — 488 25 — 513 Other expense/(income), net — 86 (88 ) — (2 ) Income/(loss) before income taxes — (306 ) 2,944 — 2,638 Provision for/(benefit from) income taxes — (150 ) 933 — 783 Equity in earnings of subsidiaries 1,846 2,002 — (3,848 ) — Net income/(loss) 1,846 1,846 2,011 (3,848 ) 1,855 Net income/(loss) attributable to noncontrolling interest — — 9 — 9 Net income/(loss) excluding noncontrolling interest $ 1,846 $ 1,846 $ 2,002 $ (3,848 ) $ 1,846 Comprehensive income/(loss) excluding noncontrolling interest $ 1,584 $ 1,584 $ 1,728 $ (3,312 ) $ 1,584 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Six Months Ended June 28, 2015 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,857 $ 3,353 $ (116 ) $ 5,094 Cost of products sold — 1,270 2,211 (116 ) 3,365 Gross profit — 587 1,142 — 1,729 Selling, general and administrative expenses — 302 474 — 776 Intercompany service fees and other recharges — (7 ) 7 — — Operating income — 292 661 — 953 Interest expense — 526 69 — 595 Other expense/(income), net — 129 77 — 206 Income/(loss) before income taxes — (363 ) 515 — 152 Provision for/(benefit from) income taxes — (111 ) 144 — 33 Equity in earnings of subsidiaries 112 364 — (476 ) — Net income/(loss) 112 112 371 (476 ) 119 Net income/(loss) attributable to noncontrolling interest — — 7 — 7 Net income/(loss) excluding noncontrolling interest $ 112 $ 112 $ 364 $ (476 ) $ 112 Comprehensive income/(loss) excluding noncontrolling interest $ (33 ) $ (33 ) $ (195 ) $ 228 $ (33 )
Condensed Consolidating Balance Sheets	The Kraft Heinz Company Condensed Consolidating Balance Sheets As of July 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 2,679 $ 1,558 $ — $ 4,237 Trade receivables — 163 951 — 1,114 Receivables due from affiliates — 872 169 (1,041 ) — Dividends due from affiliates 827 — — (827 ) — Sold receivables — 118 28 — 146 Inventories — 1,900 981 — 2,881 Short-term lending due from affiliates — 1,673 2,805 (4,478 ) — Other current assets — 1,039 430 (500 ) 969 Total current assets 827 8,444 6,922 (6,846 ) 9,347 Property, plant and equipment, net — 4,156 2,267 — 6,423 Goodwill — 11,093 33,548 — 44,641 Investments in subsidiaries 57,825 72,866 — (130,691 ) — Intangible assets, net — 3,437 56,325 — 59,762 Long-term lending due from affiliates — 1,723 2,000 (3,723 ) — Other assets — 544 967 — 1,511 TOTAL ASSETS $ 58,652 $ 102,263 $ 102,029 $ (141,260 ) $ 121,684 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 640 $ 5 $ — $ 645 Current portion of long-term debt — 2,087 19 — 2,106 Short-term lending due to affiliates — 2,805 1,673 (4,478 ) — Trade payables — 1,720 1,240 — 2,960 Payables due to affiliates — 169 872 (1,041 ) — Accrued marketing — 279 588 — 867 Accrued postemployment costs — 150 14 — 164 Income taxes payable — — 868 (500 ) 368 Interest payable — 383 10 — 393 Dividends payable 827 — — — 827 Dividends due to affiliates — 827 — (827 ) — Other current liabilities — 928 335 — 1,263 Total current liabilities 827 9,988 5,624 (6,846 ) 9,593 Long-term debt — 28,975 1,027 — 30,002 Long-term borrowings due to affiliates — 2,000 1,933 (3,933 ) — Deferred income taxes — 1,169 19,731 — 20,900 Accrued postemployment costs — 2,064 277 — 2,341 Other liabilities — 241 560 — 801 TOTAL LIABILITIES 827 44,437 29,152 (10,779 ) 63,637 Redeemable noncontrolling interest — — — — — Total shareholders' equity 57,825 57,826 72,656 (130,481 ) 57,826 Noncontrolling interest — — 221 — 221 TOTAL EQUITY 57,825 57,826 72,877 (130,481 ) 58,047 TOTAL LIABILITIES AND EQUITY $ 58,652 $ 102,263 $ 102,029 $ (141,260 ) $ 121,684 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of January 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 3,189 $ 1,648 $ — $ 4,837 Trade receivables — 62 809 — 871 Receivables due from affiliates — 555 319 (874 ) — Sold receivables — 554 29 583 Inventories — 1,741 877 — 2,618 Short-term lending due from affiliates — 3,657 4,353 (8,010 ) — Other current assets — 645 443 (217 ) 871 Total current assets — 10,403 8,478 (9,101 ) 9,780 Property, plant and equipment, net — 4,518 2,006 — 6,524 Goodwill — 10,976 32,075 — 43,051 Investments in subsidiaries 66,005 73,105 — (139,110 ) — Intangible assets, net — 3,838 58,282 — 62,120 Long-term lending due from affiliates — 1,700 2,000 (3,700 ) — Other assets — 534 964 — 1,498 TOTAL ASSETS $ 66,005 $ 105,074 $ 103,805 $ (151,911 ) $ 122,973 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ — $ 4 $ — $ 4 Current portion of long-term debt — 65 14 — 79 Short-term lending due to affiliates — 4,353 3,657 (8,010 ) — Trade payables — 1,612 1,232 — 2,844 Payables due to affiliates — 319 555 (874 ) — Accrued marketing — 359 497 — 856 Accrued postemployment costs — 316 12 — 328 Income taxes payable — 71 563 (217 ) 417 Interest payable — 386 15 — 401 Dividends payable — 762 — — 762 Other current liabilities — 988 253 — 1,241 Total current liabilities — 9,231 6,802 (9,101 ) 6,932 Long-term debt — 24,143 1,008 — 25,151 Long-term borrowings due to affiliates — 2,000 1,905 (3,905 ) — Deferred income taxes — 1,278 20,219 — 21,497 Accrued postemployment costs — 2,147 258 — 2,405 Other liabilities — 270 482 — 752 TOTAL LIABILITIES — 39,069 30,674 (13,006 ) 56,737 Redeemable noncontrolling interest — — 23 — 23 9.00% cumulative compounding preferred stock, Series A 8,320 — — — 8,320 Total shareholders' equity 57,685 66,005 72,900 (138,905 ) 57,685 Noncontrolling interest — — 208 — 208 TOTAL EQUITY 57,685 66,005 73,108 (138,905 ) 57,893 TOTAL LIABILITIES AND EQUITY $ 66,005 $ 105,074 $ 103,805 $ (151,911 ) $ 122,973
Condensed Consolidating Statements of Cash Flows	The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Six Months Ended July 3, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided by/(used for) operating activities $ 847 $ 1,520 $ 584 $ (847 ) $ 2,104 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures — (346 ) (168 ) — (514 ) Proceeds from net investment hedges — 77 — — 77 Net proceeds from/(payments on) intercompany lending activities — 595 107 (702 ) — Additional investments in subsidiaries — (10 ) — 10 — Return of capital 8,987 — — (8,987 ) — Other investing activities, net — (54 ) (25 ) — (79 ) Net cash provided by/(used for) investing activities 8,987 262 (86 ) (9,679 ) (516 ) CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (8 ) (4 ) — (12 ) Proceeds from issuance of long-term debt — 6,980 2 — 6,982 Proceeds from issuance of commercial paper — 1,939 — — 1,939 Repayments of commercial paper — (1,307 ) — — (1,307 ) Net proceeds from/(payments on) intercompany borrowing activities — (107 ) (595 ) 702 — Dividends paid-Series A Preferred Stock (180 ) — — — (180 ) Dividends paid-common stock (1,334 ) (1,514 ) — 1,514 (1,334 ) Redemption of Series A Preferred Stock (8,320 ) (8,320 ) Other intercompany capital stock transactions — (8,320 ) 10 8,310 — Other financing activities, net — 45 (2 ) — 43 Net cash provided by/(used for) financing activities (9,834 ) (2,292 ) (589 ) 10,526 (2,189 ) Effect of exchange rate changes on cash and cash equivalents — — 1 — 1 Cash and cash equivalents: Net increase/(decrease) — (510 ) (90 ) — (600 ) Balance at beginning of period — 3,189 1,648 — 4,837 Balance at end of period $ — $ 2,679 $ 1,558 $ — $ 4,237 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 28, 2015 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided by/(used for) operating activities $ 180 $ (56 ) $ 467 $ (180 ) $ 411 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures — (59 ) (104 ) — (163 ) Proceeds from net investment hedges — 306 — — 306 Net proceeds from/(payments on) intercompany lending activities — (76 ) (246 ) 322 — Return of capital 180 5 — (185 ) — Other investing activities, net — (2 ) 9 — 7 Net cash provided by/(used for) investing activities 180 174 (341 ) 137 150 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (1,960 ) (3 ) — (1,963 ) Proceeds from issuance of long-term debt — 2,000 — — 2,000 Net proceeds from/(payments on) intercompany borrowing activities — 246 76 (322 ) — Dividends paid-Series A Preferred Stock (360 ) — — — (360 ) Dividends paid-common stock — (360 ) — 360 — Other intercompany capital stock transactions — — (5 ) 5 — Other financing activities, net — (3 ) (53 ) — (56 ) Net cash provided by/(used for) financing activities (360 ) (77 ) 15 43 (379 ) Effect of exchange rate changes on cash and cash equivalents — — (333 ) — (333 ) Cash and cash equivalents: Net increase/(decrease) — 41 (192 ) — (151 ) Balance at beginning of period — 541 1,757 — 2,298 Balance at end of period $ — $ 582 $ 1,565 $ — $ 2,147

Background and Basis of Prese35

Background and Basis of Presentation Changes in Accounting and Reporting - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 28, 2015	Jun. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Revision to Previously Misclassified Customer Related Intangible Asset Amortization Effect of Revision on Selling, General, and Administrative Expenses	$ 16	$ 32
Revision to Previously Misclassified Customer Related Intangible Asset Amortization Effect of Revision on Costs of Products Sold	(16)	(32)
Change to Accounting Policy for Certain Warehouse and Distribution Costs
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Change in Accounting Policy Effect of Change on Selling, General, and Administrative Expenses	(148)	(299)
Change in Accounting Policy Effect of Change on Costs of Products Sold	148	299
Change to Accounting Policy for Trademark and License Intangible Asset Impairments and Amortization
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Change in Accounting Policy Effect of Change on Selling, General, and Administrative Expenses	63	68
Change in Accounting Policy Effect of Change on Costs of Products Sold	$ (63)	$ (68)

Merger and Acquisition Addition

Merger and Acquisition Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015	Jan. 03, 2016	Jul. 02, 2015
Business Acquisition [Line Items]
2015 Merger measurement period adjustments		$ 1,433
Deferred income tax liabilities, 2015 Merger measurement period adjustments		564
Goodwill on acquisition		44,641		$ 43,051	$ 30,500
Kraft Foods Group, Inc.
Business Acquisition [Line Items]
Goodwill on acquisition					$ 30,462
Business acquisition, pro forma adjustments, business acquisition costs	$ 47		$ 71
Business acquisition, pro forma adjustments, business acquisition costs, net of tax	$ 29		$ 44
Indefinite-lived Intangible Assets
Business Acquisition [Line Items]
2015 Merger measurement period adjustments		(1,978)
Goodwill
Business Acquisition [Line Items]
2015 Merger measurement period adjustments		$ 1,400

Merger and Acquisition Consider

Merger and Acquisition Consideration Transferred (Details) - Kraft Foods Group, Inc. $ / shares in Units, $ in Millions	Jul. 02, 2015USD ($)$ / shares
Business Acquisition [Line Items]
Fair value of replacement equity awards	$ 42,855
$16.50 per share special cash dividend	9,782
Total consideration exchanged	$ 52,637
Special Cash Dividend \| Kraft Shareholders
Business Acquisition [Line Items]
Special cash dividend, common stock (in dollars per share) \| $ / shares	$ 16.50
Common Stock
Business Acquisition [Line Items]
Fair value of replacement equity awards	$ 42,502
Equity Securities
Business Acquisition [Line Items]
Fair value of replacement equity awards	$ 353

Merger and Acquisition Recogniz

Merger and Acquisition Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Jul. 02, 2015	Jul. 03, 2016	Jan. 03, 2016
Business Acquisition [Line Items]
Identifiable intangible assets	$ 43,100
Goodwill on acquisition	30,500	$ 44,641	$ 43,051
Kraft Foods Group, Inc.
Business Acquisition [Line Items]
Cash	314
Other current assets	3,423
Property, plant and equipment	4,179
Identifiable intangible assets	47,771
Other non-current assets	214
Trade and other payables	(3,026)
Long-term debt	(9,286)
Net postemployment benefits and other non-current liabilities	(4,739)
Deferred income tax liabilities	(16,675)
Net assets acquired	22,175
Goodwill on acquisition	30,462
Total consideration	52,637
Fair value of shares exchanged and equity awards	42,855
Total cash consideration paid to Kraft shareholders	9,782
Acquisition of business, net of cash on hand	$ 9,468

Merger and Acquisition Pro Form

Merger and Acquisition Pro Forma (Details) - Kraft Foods Group, Inc. - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 28, 2015	Jun. 28, 2015
Business Acquisition [Line Items]
Net sales	$ 7,130	$ 13,960
Net income	$ 366	$ 1,104
Basic (loss)/earnings per share (in dollars per share)	$ 0.16	$ 0.63
Diluted (loss)/earnings per share (in dollars per share)	$ 0.15	$ 0.61

Integration and Restructuring40

Integration and Restructuring Expenses Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended	37 Months Ended
	Jul. 03, 2016USD ($)	Jun. 28, 2015USD ($)	Jul. 03, 2016USD ($)employeefactory	Jun. 28, 2015USD ($)	Jul. 03, 2016USD ($)employee	Jul. 03, 2016USD ($)employee
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	$ 284	$ 62	$ 544	$ 105
Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring, expected costs	$ 1,900		$ 1,900		$ 1,900	$ 1,900
Restructuring and related cost, expected cost, classified as costs of products sold, percent	60.00%		60.00%		60.00%	60.00%
Restructuring and related cost, incurred costs	$ 259		$ 500		$ 1,300
Restructuring and related cost, expected cost, cash expenditures, percent	60.00%		60.00%		60.00%	60.00%
Number, positions eliminated \| employee					2,900
Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	$ 25		$ 44
Number, positions eliminated \| employee						8,250
Severance and Employee Benefit Costs \| Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring, expected costs	650		$ 650		$ 650	$ 650
Restructuring and related cost, expected number of positions eliminated \| employee			2,950
Restructuring and related cost, incurred costs	30		$ 58		620
Severance and Employee Benefit Costs \| Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring, costs incurred to date	568		568		568	568
Asset-Related Costs \| Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring, expected costs	1,100		$ 1,100		1,100	1,100
Restructuring and related cost, expected number of positions eliminated \| employee			2,600
Restructuring and related activities, number of facilities eliminated \| factory			7
Restructuring and related cost, incurred costs	149		$ 305		441
Asset-Related Costs \| Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring, costs incurred to date	337		337		337	337
Other Exit Costs \| Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring, expected costs	150		150		150	150
Charges	17		25		80
Other Exit Costs \| Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring, costs incurred to date	376		376		376	$ 376
Other Implementation Costs \| Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	$ 63		$ 112		$ 188

Integration and Restructuring41

Integration and Restructuring Expenses Integration Program Reserve Roll-forward (Details) - Integration Program $ in Millions	6 Months Ended
	Jul. 03, 2016USD ($)
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 208
Charges	83
Cash payments	(121)
Non-cash utilization	(9)
Ending Balance	161
Severance and Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	185
Charges	58
Cash payments	(83)
Non-cash utilization	(9)
Ending Balance	151
Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	23
Charges	25
Cash payments	(38)
Non-cash utilization	0
Ending Balance	$ 10

Integration and Restructuring42

Integration and Restructuring Expenses Integration Program Costs by Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	$ 284	$ 62	$ 544	$ 105
Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	259		500		$ 1,300
Severance and Employee Benefit Costs \| Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	30		58		620
Asset-Related Costs \| Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	149		305		441
Other Exit Costs \| Integration Program
Restructuring Cost and Reserve [Line Items]
Charges	17		25		80
Other Implementation Costs \| Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	$ 63		$ 112		$ 188

Integration and Restructuring43

Integration and Restructuring Expenses Restructuring Reserve Roll-forward (Details) - Restructuring Activities $ in Millions	6 Months Ended
	Jul. 03, 2016USD ($)
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 55
Charges	18
Cash payments	(28)
Ending Balance	45
Severance and Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	25
Charges	17
Cash payments	(25)
Ending Balance	17
Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	30
Charges	1
Cash payments	(3)
Ending Balance	$ 28

Integration and Restructuring44

Integration and Restructuring Expenses Restructuring Costs by Type and Income Statement Location (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	$ 284	$ 62	$ 544	$ 105
Severance and Employee Benefit Costs \| Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	23	9	29	19
Severance and Employee Benefit Costs \| Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	14	11	46	13
Asset-Related Costs \| Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	137	31	279	34
Asset-Related Costs \| Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	12	0	26	0
Other Exit Costs \| Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	39	6	72	23
Other Exit Costs \| Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred costs	$ 59	$ 5	$ 92	$ 16

Integration and Restructuring45

Integration and Restructuring Expenses Restructuring Costs Excluded from Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred costs	$ 284	$ 62	$ 544	$ 105
United States
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred costs	247	31	446	40
Canada
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred costs	9	11	27	12
Europe
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred costs	13	9	28	34
Rest of World
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred costs	0	5	0	9
Non-Operating
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred costs	$ 15	$ 6	$ 43	$ 10

Inventories Components of Inven

Inventories Components of Inventories (Details) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Inventory Disclosure [Abstract]
Packaging and ingredients	$ 601	$ 563
Work in process	369	393
Finished product	1,911	1,662
Inventories	$ 2,881	$ 2,618

Goodwill and Intangible Asset47

Goodwill and Intangible Assets Goodwill by Segment (Details) $ in Millions	6 Months Ended
	Jul. 03, 2016USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 43,051
2015 Merger measurement period adjustments	1,433
Goodwill, translation adjustments	157
Goodwill, ending balance	44,641
United States
Goodwill [Roll Forward]
Goodwill, beginning balance	32,290
2015 Merger measurement period adjustments	1,433
Goodwill, translation adjustments	0
Goodwill, ending balance	33,723
Canada
Goodwill [Roll Forward]
Goodwill, beginning balance	4,796
2015 Merger measurement period adjustments	0
Goodwill, translation adjustments	334
Goodwill, ending balance	5,130
Europe
Goodwill [Roll Forward]
Goodwill, beginning balance	3,182
2015 Merger measurement period adjustments	0
Goodwill, translation adjustments	(263)
Goodwill, ending balance	2,919
Rest of World
Goodwill [Roll Forward]
Goodwill, beginning balance	2,783
2015 Merger measurement period adjustments	0
Goodwill, translation adjustments	86
Goodwill, ending balance	$ 2,869

Goodwill and Intangible Asset48

Goodwill and Intangible Assets Goodwill-Additional Information (Details)	Apr. 04, 2016USD ($)reporting_unit	Jul. 03, 2016USD ($)	Jul. 03, 2016USD ($)	Jan. 03, 2016USD ($)	Jul. 02, 2015USD ($)
Goodwill [Line Items]
Goodwill		$ 44,641,000,000	$ 44,641,000,000	$ 43,051,000,000	$ 30,500,000,000
2015 Merger measurement period adjustments			1,433,000,000
Goodwill, Impairment Loss		0
Number of Reporting Units With Fair Value That Exceeds Carrying Value of Less Than Ten Percent \| reporting_unit	1
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	10.00%
Reporting unit, goodwill carrying value with a fair value that exceeds the carrying amount by less than ten percent	$ 48,000,000
Goodwill, Impaired, Accumulated Impairment Loss		0	0
United States
Goodwill [Line Items]
Goodwill		33,723,000,000	33,723,000,000	32,290,000,000
2015 Merger measurement period adjustments			1,433,000,000
United States \| Goodwill
Goodwill [Line Items]
Prior Period Reclassification Adjustment			1,473,000,000
Rest of World
Goodwill [Line Items]
Goodwill		2,869,000,000	2,869,000,000	2,783,000,000
2015 Merger measurement period adjustments			0
Rest of World \| Goodwill
Goodwill [Line Items]
Prior Period Reclassification Adjustment			(1,443,000,000)
Europe
Goodwill [Line Items]
Goodwill		$ 2,919,000,000	2,919,000,000	$ 3,182,000,000
2015 Merger measurement period adjustments			0
Europe \| Goodwill
Goodwill [Line Items]
Prior Period Reclassification Adjustment			$ (30,000,000)

Goodwill and Intangible Asset49

Goodwill and Intangible Assets Indefinite-lived Intangible Assets (Details) $ in Millions	6 Months Ended
	Jul. 03, 2016USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived intangible assets, beginning balance	$ 55,824
2015 Merger measurement period adjustments	1,433
Indefinite-lived intangible assets, translation adjustments	(253)
Indefinite-lived intangible assets, ending balance	53,593
Indefinite-lived Intangible Assets
Indefinite-lived Intangible Assets [Roll Forward]
2015 Merger measurement period adjustments	$ (1,978)

Goodwill and Intangible Asset50

Goodwill and Intangible Assets Indefinite-Lived Intangible Assets-Additional Information (Details)	Apr. 04, 2016USD ($)Brand	Jul. 03, 2016USD ($)	Jan. 03, 2016USD ($)	Jul. 02, 2015USD ($)
Indefinite-lived Intangible Assets [Line Items]
Identifiable intangible assets				$ 43,100,000,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 0
Number of brands with fair values that exceed carrying amounts by less than ten percent \| Brand	7
Indefinite-lived intangible assets, percentage of fair value in excess of carrying amount (less than)	10.00%
Indefinite-lived intangible assets, aggregate carrying value of intangibles with a fair value that exceeds the carrying amount	$ 6,100,000,000
Indefinite-lived intangible assets		$ 53,593,000,000	$ 55,824,000,000
Velveeta, Lunchables, Maxwell House, and Cracker Barrel
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, aggregate carrying value of intangibles with a fair value that exceeds the carrying amount	$ 5,600,000,000

Goodwill and Intangible Asset51

Goodwill and Intangible Assets Definite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	$ 6,587	$ 6,579
Accumulated Amortization	(418)	(283)
Net	6,169	6,296
Trademarks
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	2,354	2,346
Accumulated Amortization	(122)	(70)
Net	2,232	2,276
Customer-related assets
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	4,219	4,218
Accumulated Amortization	(292)	(209)
Net	3,927	4,009
Other
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	14	15
Accumulated Amortization	(4)	(4)
Net	$ 10	$ 11

Goodwill and Intangible Asset52

Goodwill and Intangible Assets Definite-Lived Intangible Assets-Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 66	$ 22	$ 132	$ 44
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	275		275
Finite-Lived Intangible Assets, Amortization Expense, Year Two	275		275
Finite-Lived Intangible Assets, Amortization Expense, Year Three	275		275
Finite-Lived Intangible Assets, Amortization Expense, Year Four	275		275
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 275		$ 275

Income Taxes Additional Informa

Income Taxes Additional Information (Details)	3 Months Ended		6 Months Ended
Income Taxes Additional Information (Details)	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	30.10%	(17.60%)	29.70%	21.80%

Employees' Stock Incentive Pl54

Employees' Stock Incentive Plans Additional Information (Details) $ in Millions	6 Months Ended
	Jul. 03, 2016USD ($)
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 137
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	30
Stock Options and RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 114
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years

Employees' Stock Incentive Pl55

Employees' Stock Incentive Plans Schedule of Share-based Compensation, Stock Options, Activity (Details)	6 Months Ended
	Jul. 03, 2016$ / sharesshares
Roll-forward of Stock Option Activity (in shares)
Beginning balance \| shares	24,205,612
Options granted \| shares	1,204,005
Options forfeited \| shares	(470,020)
Options exercised \| shares	(3,090,965)
Ending balance \| shares	21,848,632
Outstanding at January 3, 2016, weighted average exercise price (in dollars per share) \| $ / shares	$ 34.86
Options granted, weighted average exercise price (in dollars per share) \| $ / shares	77.66
Options forfeited, weighted average exercise price (in dollars per share) \| $ / shares	40.65
Options forfeited, weighted average exercise price (in dollars per share) \| $ / shares	35.04
Outstanding at January 3, 2016, weighted average exercise price (in dollars per share) \| $ / shares	$ 37.07

Employees' Stock Incentive Pl56

Employees' Stock Incentive Plans Schedule of Share-based Compensation, RSU Activity (Details) - RSUs	6 Months Ended
	Jul. 03, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Beginning balance \| shares	968,444
RSUs granted \| shares	499,563
RSUs forfeited \| shares	(57,558)
RSUs vested \| shares	(404,578)
Ending balance \| shares	1,005,871
RSUs at January 3, 2016, weighted average exercise price (in dollars per share) \| $ / shares	$ 70.14
Granted, weighted average exercise price (in dollars per share) \| $ / shares	77.49
Forfeited, weighted average exercise price (in dollars per share) \| $ / shares	73.83
Vested, weighted average exercise price (in dollars per share) \| $ / shares	72.96
RSUs at July 3, 2016, weighted average exercise price (in dollars per share) \| $ / shares	$ 72.43

Employees' Stock Incentive Pl57

Employees' Stock Incentive Plans Schedule of Compensation Costs Related to Equity Plans (Details) - Stock Options and RSUs - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Pre-tax compensation cost	$ 13	$ 3	$ 26	$ 5
Tax benefit	(4)	(1)	(8)	(2)
After-tax compensation cost	$ 9	$ 2	$ 18	$ 3

Postemployment Benefits Postemp

Postemployment Benefits Postemployment Benefit Plans-Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 03, 2016	Jul. 03, 2016
Defined Benefit Plan Disclosure [Line Items]
Impact of change in accounting estimate on service cost and interest cost	$ (20)	$ (40)
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution		161
Estimated future employer contributions in current fiscal year		150
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contribution		16
Estimated future employer contributions in current fiscal year		$ 15

Postemployment Benefits Pension

Postemployment Benefits Pension Plans-Components of Net Pension Cost/(Benefit)-(Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4	$ 2	$ 7	$ 3
Interest cost	53	4	106	9
Expected return on plan assets	(74)	(3)	(148)	(8)
Amortization of unrecognized losses/(gains)	0	1	0	2
Settlements	0	0	(6)	0
Curtailments	0	0	0	0
Defined benefit plan net cost/(benefit)	(17)	4	(41)	6
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	6	5	12	10
Interest cost	22	22	43	43
Expected return on plan assets	(47)	(42)	(93)	(85)
Amortization of unrecognized losses/(gains)	0	0	0	0
Settlements	0	11	0	11
Curtailments	0	(2)	0	(2)
Defined benefit plan net cost/(benefit)	$ (19)	$ (6)	$ (38)	$ (23)

Postemployment Benefits Postret

Postemployment Benefits Postretirement Plans-Components of Net Postretirement Cost/(Benefit) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Defined Benefit Plan Disclosure [Line Items]
Amortization of prior service costs/(credits)			$ (131)	$ (3)
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4	$ 1	8	2
Interest cost	14	2	30	4
Amortization of prior service costs/(credits)	(80)	(2)	(162)	(3)
Defined benefit plan net cost/(benefit)	$ (62)	$ 1	$ (124)	$ 3

Accumulated Other Comprehensi61

Accumulated Other Comprehensive Income/(Losses) Components of and Changes in Accumulated Other Comprehensive Income/(Losses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			$ (671)
Foreign currency translation adjustments	$ (418)	$ 361	(146)	$ (433)
Net deferred gains/(losses) on net investment hedges	105	(206)	45	226
Reclassification of net postemployment benefit losses/(gains)	(50)	8	(104)	7
Net deferred gains/(losses) on cash flow hedges	(14)	(10)	(32)	(77)
Net deferred losses/(gains) on cash flow hedges reclassified to net income	4	137	(18)	138
Ending Balance	(933)		(933)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			(1,646)
Foreign currency translation adjustments			(153)
Net deferred gains/(losses) on net investment hedges			45
Reclassification of net postemployment benefit losses/(gains)			0
Net deferred gains/(losses) on cash flow hedges			0
Net deferred losses/(gains) on cash flow hedges reclassified to net income			0
Total other comprehensive income/(loss)			(108)
Ending Balance	(1,754)		(1,754)
Net Postemployment Benefit Plan Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			922
Foreign currency translation adjustments			0
Net deferred gains/(losses) on net investment hedges			0
Reclassification of net postemployment benefit losses/(gains)			(104)
Net deferred gains/(losses) on cash flow hedges			0
Net deferred losses/(gains) on cash flow hedges reclassified to net income			0
Total other comprehensive income/(loss)			(104)
Ending Balance	818		818
Net Cash Flow Hedge Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			53
Foreign currency translation adjustments			0
Net deferred gains/(losses) on net investment hedges			0
Reclassification of net postemployment benefit losses/(gains)			0
Net deferred gains/(losses) on cash flow hedges			(32)
Net deferred losses/(gains) on cash flow hedges reclassified to net income			(18)
Total other comprehensive income/(loss)			(50)
Ending Balance	3		3
Accumulated Other Comprehensive Income/(Losses)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance			(671)
Foreign currency translation adjustments	(418)	360	(153)	(420)
Net deferred gains/(losses) on net investment hedges	105	(206)	45	226
Reclassification of net postemployment benefit losses/(gains)	(50)	8	(104)	7
Net deferred gains/(losses) on cash flow hedges	(14)	(10)	(32)	(77)
Net deferred losses/(gains) on cash flow hedges reclassified to net income	4	$ 137	(18)	$ 138
Total other comprehensive income/(loss)			(262)
Ending Balance	$ (933)		$ (933)

Accumulated Other Comprehensi62

Accumulated Other Comprehensive Income/(Losses) Gross Amount and Related Tax Benefit/(Expense) Recorded in and Associated with each Component of Other Comprehensive Income/(Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Accumulated Other Comprehensive Income/(Losses) [Line Items]
Foreign currency translation adjustments-Net of Tax Amount	$ (418)	$ 361	$ (146)	$ (433)
Net deferred gains/(losses) on net investment hedges-Net of Tax Amount	105	(206)	45	226
Net actuarial gains/(losses) arising during the period-Net of Tax Amount	0	(18)	0	(19)
Reclassification of net postemployment benefit losses/(gains)-Net of Tax	(50)	8	(104)	7
Net deferred gains/(losses) on cash flow hedges-Net of Tax Amount	(14)	(10)	(32)	(77)
Net deferred losses/(gains) on cash flow hedges reclassified to net income-Net of Tax Amount	4	137	(18)	138
AOCI Attributable to Parent
Accumulated Other Comprehensive Income/(Losses) [Line Items]
Foreign currency translation adjustments-Before Tax Amount	(418)	360	(153)	(420)
Foreign currency translation adjustments-Tax	0	0	0	0
Foreign currency translation adjustments-Net of Tax Amount	(418)	360	(153)	(420)
Net deferred gains/(losses) on net investment hedges-Before Tax Amount	194	(330)	110	421
Net deferred gains/(losses) on net investment hedges-Tax	(89)	124	(65)	(195)
Net deferred gains/(losses) on net investment hedges-Net of Tax Amount	105	(206)	45	226
Net actuarial gains/(losses) arising during the period-Before Tax Amount	0	(23)	0	(25)
Net actuarial gains/(losses) arising during the period-Tax	0	5	0	6
Net actuarial gains/(losses) arising during the period-Net of Tax Amount	0	(18)	0	(19)
Reclassification of net postemployment benefit losses/(gains)-Before Tax Amount	(80)	10	(168)	10
Reclassification of net postemployment benefit losses/(gains)-Tax	30	(2)	64	(3)
Reclassification of net postemployment benefit losses/(gains)-Net of Tax	(50)	8	(104)	7
Net deferred gains/(losses) on cash flow hedges-Before Tax Amount	(17)	(8)	(45)	(120)
Net deferred gains/(losses) on cash flow hedges-Tax	3	(2)	13	43
Net deferred gains/(losses) on cash flow hedges-Net of Tax Amount	(14)	(10)	(32)	(77)
Net deferred losses/(gains) on cash flow hedges reclassified to net income-Before Tax Amount	6	223	(20)	222
Net deferred losses/(gains) on cash flow hedges reclassified to net income-Tax	(2)	(86)	2	(84)
Net deferred losses/(gains) on cash flow hedges reclassified to net income-Net of Tax Amount	$ 4	$ 137	$ (18)	$ 138

Accumulated Other Comprehensi63

Accumulated Other Comprehensive Income/(Losses) Amounts Reclassified from Accumulated Other Comprehensive Income/(Losses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Net deferred losses/(gains) on cash flow hedges reclassified to net income-Net of Tax Amount	$ 4	$ 137	$ (18)	$ 138
Reclassification of net postemployment benefit losses/(gains)-Net of Tax	(50)	8	(104)	7
AOCI Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Losses/(gains) on cash flow hedges before income taxes	6	223	(20)	222
Losses/(gains) on cash flow hedges income taxes	(2)	(86)	2	(84)
Net deferred losses/(gains) on cash flow hedges reclassified to net income-Net of Tax Amount	4	137	(18)	138
Amortization of unrecognized losses/(gains)	0	1	0	2
Amortization of prior service costs/(credits)	(80)	(2)	(162)	(3)
Settlement and curtailments losses/(gains)	0	11	(6)	11
Losses/(gains) on postemployment benefits before income taxes	(80)	10	(168)	10
Losses/(gains) on postemployment benefits income taxes	30	(2)	64	(3)
Reclassification of net postemployment benefit losses/(gains)-Net of Tax	(50)	8	(104)	7
AOCI Attributable to Parent \| Foreign exchange contracts \| Net sales
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Losses/(gains) on cash flow hedges before income taxes	(2)	1	(3)	2
AOCI Attributable to Parent \| Foreign exchange contracts \| Cost of products sold
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Losses/(gains) on cash flow hedges before income taxes	(4)	(11)	(33)	(16)
AOCI Attributable to Parent \| Foreign exchange contracts \| Other expense/(income), net
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Losses/(gains) on cash flow hedges before income taxes	11	0	14	(1)
AOCI Attributable to Parent \| Interest rate contracts \| Interest expense
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Losses/(gains) on cash flow hedges before income taxes	$ 1	$ 233	$ 2	$ 237

Financial Instruments Additiona

Financial Instruments Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 03, 2016	Jul. 03, 2016	Jan. 03, 2016
Derivative [Line Items]
Derivative, collateral, obligation to return cash	$ 46	$ 46	$ 44
Derivative, collateral, right to reclaim cash	46	$ 46	$ 44
Commodity contracts \| Not designated as hedging instrument
Derivative [Line Items]
Derivative, term		12 months
Foreign exchange contracts \| Designated as hedging instrument
Derivative [Line Items]
Derivative, term		2 years
Foreign exchange contracts \| Not designated as hedging instrument
Derivative [Line Items]
Derivative, term		12 months
Cross-currency contracts \| Designated as hedging instrument
Derivative [Line Items]
Derivative, term		4 years
Cross-currency contracts \| Not designated as hedging instrument
Derivative [Line Items]
Derivative, term		3 years
Net Investment Hedging \| Designated as hedging instrument
Derivative [Line Items]
Net deferred gains/(losses) on net investment hedges, before tax	$ 58	$ 39

Financial Instruments Outstandi

Financial Instruments Outstanding Notional Amounts (Details) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Commodity contracts
Derivative [Line Items]
Derivative, notional amount	$ 474	$ 787
Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	2,820	3,458
Cross-currency contracts
Derivative [Line Items]
Derivative, notional amount	$ 3,173	$ 4,328

Financial Instruments Fair Valu

Financial Instruments Fair Values (Details) - USD ($) $ in Millions	Jul. 03, 2016	Jan. 03, 2016
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	$ 584	$ 811
Derivative liability, fair value, gross liability	79	55
Commodity contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	40	25
Derivative liability, fair value, gross liability	9	36
Foreign exchange contracts \| Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	27	46
Derivative liability, fair value, gross liability	41	6
Foreign exchange contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	27	88
Derivative liability, fair value, gross liability	15	13
Cross-currency contracts \| Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	450	605
Derivative liability, fair value, gross liability	14	0
Cross-currency contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	40	47
Derivative liability, fair value, gross liability	0	0
Level 1
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	39	24
Derivative liability, fair value, gross liability	6	29
Level 1 \| Commodity contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	39	24
Derivative liability, fair value, gross liability	6	29
Level 1 \| Foreign exchange contracts \| Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	0	0
Level 1 \| Foreign exchange contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	0	0
Level 1 \| Cross-currency contracts \| Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	0	0
Level 1 \| Cross-currency contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	0	0
Level 2
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	545	787
Derivative liability, fair value, gross liability	73	26
Level 2 \| Commodity contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	1	1
Derivative liability, fair value, gross liability	3	7
Level 2 \| Foreign exchange contracts \| Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	27	46
Derivative liability, fair value, gross liability	41	6
Level 2 \| Foreign exchange contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	27	88
Derivative liability, fair value, gross liability	15	13
Level 2 \| Cross-currency contracts \| Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	450	605
Derivative liability, fair value, gross liability	14	0
Level 2 \| Cross-currency contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	40	47
Derivative liability, fair value, gross liability	0	0
Level 3
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	0	0
Level 3 \| Commodity contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	0	0
Level 3 \| Foreign exchange contracts \| Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	0	0
Level 3 \| Foreign exchange contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	0	0
Level 3 \| Cross-currency contracts \| Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	0	0
Level 3 \| Cross-currency contracts \| Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	0
Derivative liability, fair value, gross liability	$ 0	$ 0

Financial Instruments Net Inves

Financial Instruments Net Investment Hedging (Details) - Jul. 03, 2016 € in Millions, £ in Millions, $ in Millions, CAD in Billions	USD ($)	GBP (£)	EUR (€)	CAD
United Kingdom, Pounds \| Cross-currency contracts
Derivative [Line Items]
Derivative asset, notional amount	$ 1,400	£ 800
Canada, Dollars \| Cross-currency contracts
Derivative [Line Items]
Derivative liability, notional amount	1,600			CAD 1.8
Canada, Dollars \| Forward contracts
Derivative [Line Items]
Derivative liability, notional amount	51
Euro Member Countries, Euro \| Forward contracts
Derivative [Line Items]
Derivative asset, notional amount	196
Net Investment Hedging \| Designated as hedging instrument \| United Kingdom, Pounds \| Debt
Derivative [Line Items]
Derivative, amount of hedged item \| £		£ 400
Net Investment Hedging \| Designated as hedging instrument \| Euro Member Countries, Euro \| Debt
Derivative [Line Items]
Derivative, amount of hedged item	$ 1,100		€ 2,550
One Point Five Zero Zero Percent Senior Notes Due May 24, 2024 and Two Point Two Five Zero Percent Senior Notes Due May 25, 2028 [Member] \| Net Investment Hedging \| Designated as hedging instrument \| Euro Member Countries, Euro \| Debt
Derivative [Line Items]
Derivative, amount of hedged item \| €			€ 1,800

Financial Instruments Gain_(Los

Financial Instruments Gain/(Loss) Recognized in Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	$ 29	$ 0	$ 11	$ 0
Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	13	(6)	(35)	48
Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	(1)	0	(8)	0
Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	(1)	(233)	(2)	(226)
Designated as hedging instrument \| Commodity contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	0	0	0	0
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Designated as hedging instrument \| Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	37	(17)	9	(9)
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	(5)	10	22	15
Designated as hedging instrument \| Cross-currency contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	90	(330)	25	421
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Designated as hedging instrument \| Interest rate contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	(8)	9	(8)	(111)
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	(1)	(233)	(2)	(237)
Not designated as hedging instrument \| Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	29	0	11	0
Not designated as hedging instrument \| Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	18	(16)	(57)	33
Not designated as hedging instrument \| Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	(1)	0	(8)	0
Not designated as hedging instrument \| Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	11
Not designated as hedging instrument \| Cost of products sold \| Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	29	0	11	0
Not designated as hedging instrument \| Cost of products sold \| Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Not designated as hedging instrument \| Cost of products sold \| Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Not designated as hedging instrument \| Cost of products sold \| Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Not designated as hedging instrument \| Other income/(expense), net \| Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Not designated as hedging instrument \| Other income/(expense), net \| Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	18	(16)	(57)	33
Not designated as hedging instrument \| Other income/(expense), net \| Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	(1)	0	(8)	0
Not designated as hedging instrument \| Other income/(expense), net \| Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	11
Cash Flow Hedging \| Designated as hedging instrument \| Commodity contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	(9)	(17)	(37)	(9)
Cash Flow Hedging \| Designated as hedging instrument \| Cross-currency contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Interest rate contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	(8)	9	(8)	(111)
Cash Flow Hedging \| Designated as hedging instrument \| Net sales \| Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Net sales \| Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	2	(1)	3	(2)
Cash Flow Hedging \| Designated as hedging instrument \| Net sales \| Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Net sales \| Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Cost of products sold \| Commodity contracts
Derivative Instruments Gain Loss [Line Items]
Net gain/(loss) recognized in income (effective portion)	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Cost of products sold \| Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Net gain/(loss) recognized in income (effective portion)	4	11	33	16
Cash Flow Hedging \| Designated as hedging instrument \| Cost of products sold \| Cross-currency contracts
Derivative Instruments Gain Loss [Line Items]
Net gain/(loss) recognized in income (effective portion)	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Cost of products sold \| Interest rate contracts
Derivative Instruments Gain Loss [Line Items]
Net gain/(loss) recognized in income (effective portion)	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Other income/(expense), net \| Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Other income/(expense), net \| Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	(11)	0	(14)	1
Cash Flow Hedging \| Designated as hedging instrument \| Other income/(expense), net \| Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Other income/(expense), net \| Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Interest expense \| Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Interest expense \| Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Interest expense \| Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	0	0	0	0
Cash Flow Hedging \| Designated as hedging instrument \| Interest expense \| Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statement of income	(1)	(233)	(2)	(237)
Net Investment Hedging \| Designated as hedging instrument \| Commodity contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	0	0	0	0
Net Investment Hedging \| Designated as hedging instrument \| Foreign exchange contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	46	0	46	0
Net Investment Hedging \| Designated as hedging instrument \| Cross-currency contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	90	(330)	25	421
Net Investment Hedging \| Designated as hedging instrument \| Interest rate contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	$ 0	$ 0	$ 0	$ 0

Venezuela - Foreign Currency 69

Venezuela - Foreign Currency and Inflation Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016USD ($)exchange_rateVEF / $	Jun. 28, 2015USD ($)VEF / $	Jul. 03, 2016USD ($)exchange_rateVEF / $	Jun. 28, 2015USD ($)VEF / $	Mar. 09, 2016VEF / $
Foreign Currency [Line Items]
Foreign currency exchange rate, translation		197.7		197.7
Number of exchange rates legally available to us in Venezuela \| exchange_rate	2		2
Foreign currency translation loss/(gain) \| $	$ 7	$ 234	$ 7	$ 234
Inventory write-down to lower of cost or market \| $		$ 49		$ 49
Impairment loss on long-lived assets \| $	53		53
Outstanding requests for currency settlements at the official exchange rate \| $	$ 26		$ 26
Official CENCOEX BsF Rate
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	10		10		6.30
Venezuelan BsF on DICOM market, quarter-to-date average
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	462		462
Venezuelan BsF on DICOM market, year-to-date average
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	338		338
Venezuelan BsF on DICOM market, period end spot
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	628		628

Commitments, Contingencies an70

Commitments, Contingencies and Debt Debt (Details)	6 Months Ended	12 Months Ended
Commitments, Contingencies and Debt Debt (Details)	Jul. 03, 2016USD ($)	Jan. 03, 2016USD ($)	May 25, 2016EUR (€)	May 24, 2016USD ($)	May 04, 2016USD ($)	May 03, 2016USD ($)
Other Commitments [Line Items]
Revolving credit facility letter of credit sub-facility maximum borrowing capacity					$ 300,000,000	$ 150,000,000
Commercial paper	$ 633,000,000	$ 0
Commercial paper, weighted average interest rate	1.129%
Carrying value of long-term debt, including current portion	$ 32,100,000,000	$ 25,200,000,000
Debt issuance costs	52,000,000
Fair value of total debt	$ 35,600,000,000
Nine point zero zero percent cumulative compounding preferred stock, Series A
Other Commitments [Line Items]
9.00% cumulative compounding preferred stock, Series A, dividend percentage	9.00%	9.00%
Three Point Zero Zero Zero Percent Senior Notes Due June 1, 2026
Other Commitments [Line Items]
Debt instrument, face amount				$ 2,000,000,000
Debt instrument, interest rate, stated percentage				3.00%
Four Point Three Seven Five Percent Senior Notes Due June 1, 2046
Other Commitments [Line Items]
Debt instrument, face amount				$ 3,000,000,000
Debt instrument, interest rate, stated percentage				4.375%
One Point Five Zero Zero Percent Senior Notes Due May 24, 2024
Other Commitments [Line Items]
Debt instrument, face amount \| €			€ 550,000,000
Debt instrument, interest rate, stated percentage			1.50%
Two Point Two Five Zero Percent Senior Notes Due May 25, 2028
Other Commitments [Line Items]
Debt instrument, face amount \| €			€ 1,250,000,000
Debt instrument, interest rate, stated percentage			2.25%

Commitments, Contingencies an71

Commitments, Contingencies and Debt Series A Preferred Stock (Details) - shares	Jun. 07, 2016	Jul. 03, 2016	Jan. 03, 2016
Preferred Units [Line Items]
Preferred stock, shares authorized		920,000
Nine point zero zero percent cumulative compounding preferred stock, Series A
Preferred Units [Line Items]
Series A Preferred Stock redeemed during the period, shares	80,000
Preferred stock, shares authorized		0	80,000

Commitments, Contingencies an72

Commitments, Contingencies and Debt Financing Arrangements (Details) - USD ($) $ in Millions	Jul. 03, 2016	May 31, 2016	Jan. 03, 2016
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Receivables derecognized under receivables securitization program	$ 860		$ 267
Fair value of deferred purchase price	$ 146		$ 583
Maximum
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Amount of amended U.S. securitization program		$ 800

Commitments, Contingencies an73

Commitments, Contingencies and Debt Redeemable Noncontrolling Interest (Details) - Coniexpress Sa Industrias Alimenticias - USD ($) $ in Millions	1 Months Ended
	Apr. 30, 2016	Jul. 03, 2016
Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interest, Additional Interest Acquired During the Period, Percentage	5.00%
Payments for Repurchase of Redeemable Noncontrolling Interest	$ 21
Noncontrolling Interest, Ownership Percentage by Parent		100.00%

Earnings Per Share Basic and Di

Earnings Per Share Basic and Diluted (Loss)/Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Basic EPS
Net income/(loss) attributable to common shareholders	$ 770	$ (344)	$ 1,666	$ (248)
Weighted average shares of common stock outstanding (in shares)	1,217	380	1,216	379
Basic earnings/(loss) per share (in dollars per share)	$ 0.63	$ (0.91)	$ 1.37	$ (0.66)
Diluted EPS
Net earnings/(loss) attributable to common shareholders	$ 770	$ (344)	$ 1,666	$ (248)
Effect of dilutive stock options on basic earnings/(loss) per common share (in shares)	10	0	10	0
Weighted average shares of common stock, including dilutive effect (in shares)	1,227	380	1,226	379
Diluted earnings/(loss) per share (in dollars per share)	$ 0.63	$ (0.91)	$ 1.36	$ (0.66)

Earnings Per Share Additional I

Earnings Per Share Additional Information (Details) - shares	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Earnings Per Share [Abstract]
Anti-dilutive shares excluded from computation of earnings per share	3,000,000	0	2,000,000	0

Segment Reporting Additional In

Segment Reporting Additional Information (Details)	6 Months Ended
Segment Reporting Additional Information (Details)	Jul. 03, 2016segment
Segment Reporting [Abstract]
Number of segments	4
Number of reportable segments	3
Number of operating segments in Rest of World reportable segment	3

Segment Reporting Net Sales by

Segment Reporting Net Sales by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Segment Reporting Information [Line Items]
Net sales	$ 6,793	$ 2,616	$ 13,363	$ 5,094
United States
Segment Reporting Information [Line Items]
Net sales	4,692	877	9,407	1,745
Canada
Segment Reporting Information [Line Items]
Net sales	638	144	1,142	265
Europe
Segment Reporting Information [Line Items]
Net sales	578	620	1,131	1,246
Rest of World
Segment Reporting Information [Line Items]
Net sales	$ 885	$ 975	$ 1,683	$ 1,838

Segment Reporting Segment Adjus

Segment Reporting Segment Adjusted EBITDA (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Segment Reporting Information [Line Items]
General corporate expenses	$ (43)	$ (39)	$ (80)	$ (70)
Depreciation and amortization (excluding integration and restructuring expenses)	(124)	(210)	(285)	(426)
Integration and restructuring expenses	(284)	(118)	(544)	(199)
Merger costs	(14)	(41)	(29)	(54)
Unrealized gains/(losses) on commodity hedges	37	21	45	23
Impairment losses	(53)	(58)	(53)	(58)
Gains/(losses) on sale of business	0	21	0	21
Nonmonetary currency devaluation	(2)	(49)	(3)	(49)
Equity award compensation expense (excluding integration and restructuring expenses)	(11)	(25)	(20)	(44)
Other pro forma adjustments	0	(870)	0	(1,643)
Operating income	1,636	444	3,149	953
Interest expense	264	394	513	595
Other expense/(income), net	6	245	(2)	206
Income/(loss) before income taxes	1,366	(195)	2,638	152
United States
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	1,518	1,208	3,011	2,331
Canada
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	192	151	343	264
Europe
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	212	225	389	439
Rest of World
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	$ 208	$ 228	$ 375	$ 418

Segment Reporting Net Sales b79

Segment Reporting Net Sales by Product (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Revenue from External Customer [Line Items]
Net sales	$ 6,793	$ 2,616	$ 13,363	$ 5,094
Condiments and sauces
Revenue from External Customer [Line Items]
Net sales	1,824	1,439	3,403	2,677
Cheese and dairy
Revenue from External Customer [Line Items]
Net sales	1,369	0	2,753	0
Ambient meals
Revenue from External Customer [Line Items]
Net sales	550	304	1,136	639
Frozen and chilled meals
Revenue from External Customer [Line Items]
Net sales	562	416	1,179	877
Meats and seafood
Revenue from External Customer [Line Items]
Net sales	740	51	1,445	96
Refreshment beverages
Revenue from External Customer [Line Items]
Net sales	444	0	851	0
Coffee
Revenue from External Customer [Line Items]
Net sales	344	0	736	0
Infant and nutrition
Revenue from External Customer [Line Items]
Net sales	215	264	406	517
Desserts, toppings and baking
Revenue from External Customer [Line Items]
Net sales	229	0	435	0
Nuts and salted snacks
Revenue from External Customer [Line Items]
Net sales	258	0	522	0
Other
Revenue from External Customer [Line Items]
Net sales	$ 258	$ 142	$ 497	$ 288

Supplemental Financial Inform80

Supplemental Financial Information Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015
Condensed Income Statements, Captions [Line Items]
Net sales	$ 6,793	$ 2,616	$ 13,363	$ 5,094
Cost of products sold	4,262	1,734	8,454	3,365
Gross profit	2,531	882	4,909	1,729
Selling, general and administrative expenses	895	438	1,760	776
Intercompany service fees and other recharges	0	0	0	0
Operating income	1,636	444	3,149	953
Interest expense	264	394	513	595
Other expense/(income), net	6	245	(2)	206
Income/(loss) before income taxes	1,366	(195)	2,638	152
Provision for/(benefit from) income taxes	411	(35)	783	33
Equity in earnings of subsidiaries	0	0	0	0
Net income/(loss)	955	(160)	1,855	119
Net income/(loss) attributable to noncontrolling interest	5	4	9	7
Net income/(loss) attributable to Kraft Heinz	950	(164)	1,846	112
Comprehensive income/(loss) excluding noncontrolling interest	577	107	1,584	(33)
Eliminations
Condensed Income Statements, Captions [Line Items]
Net sales	(160)	(57)	(302)	(116)
Cost of products sold	(160)	(57)	(302)	(116)
Gross profit	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Intercompany service fees and other recharges	0	0	0	0
Operating income	0	0	0	0
Interest expense	0	0	0	0
Other expense/(income), net	0	0	0	0
Income/(loss) before income taxes	0	0	0	0
Provision for/(benefit from) income taxes	0	0	0	0
Equity in earnings of subsidiaries	(1,996)	55	(3,848)	(476)
Net income/(loss)	(1,996)	55	(3,848)	(476)
Net income/(loss) attributable to noncontrolling interest	0	0	0	0
Net income/(loss) attributable to Kraft Heinz	(1,996)	55	(3,848)	(476)
Comprehensive income/(loss) excluding noncontrolling interest	(1,156)	(456)	(3,312)	228
Parent Guarantor \| Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of products sold	0	0	0	0
Gross profit	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Intercompany service fees and other recharges	0	0	0	0
Operating income	0	0	0	0
Interest expense	0	0	0	0
Other expense/(income), net	0	0	0	0
Income/(loss) before income taxes	0	0	0	0
Provision for/(benefit from) income taxes	0	0	0	0
Equity in earnings of subsidiaries	950	(164)	1,846	112
Net income/(loss)	950	(164)	1,846	112
Net income/(loss) attributable to noncontrolling interest	0	0	0	0
Net income/(loss) attributable to Kraft Heinz	950	(164)	1,846	112
Comprehensive income/(loss) excluding noncontrolling interest	577	107	1,584	(33)
Subsidiary Issuer \| Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	4,479	932	8,950	1,857
Cost of products sold	2,741	652	5,573	1,270
Gross profit	1,738	280	3,377	587
Selling, general and administrative expenses	307	166	584	302
Intercompany service fees and other recharges	1,311	5	2,525	(7)
Operating income	120	109	268	292
Interest expense	253	360	488	526
Other expense/(income), net	55	132	86	129
Income/(loss) before income taxes	(188)	(383)	(306)	(363)
Provision for/(benefit from) income taxes	(92)	(110)	(150)	(111)
Equity in earnings of subsidiaries	1,046	109	2,002	364
Net income/(loss)	950	(164)	1,846	112
Net income/(loss) attributable to noncontrolling interest	0	0	0	0
Net income/(loss) attributable to Kraft Heinz	950	(164)	1,846	112
Comprehensive income/(loss) excluding noncontrolling interest	577	107	1,584	(33)
Non-Guarantor Subsidiaries \| Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	2,474	1,741	4,715	3,353
Cost of products sold	1,681	1,139	3,183	2,211
Gross profit	793	602	1,532	1,142
Selling, general and administrative expenses	588	272	1,176	474
Intercompany service fees and other recharges	(1,311)	(5)	(2,525)	7
Operating income	1,516	335	2,881	661
Interest expense	11	34	25	69
Other expense/(income), net	(49)	113	(88)	77
Income/(loss) before income taxes	1,554	188	2,944	515
Provision for/(benefit from) income taxes	503	75	933	144
Equity in earnings of subsidiaries	0	0	0	0
Net income/(loss)	1,051	113	2,011	371
Net income/(loss) attributable to noncontrolling interest	5	4	9	7
Net income/(loss) attributable to Kraft Heinz	1,046	109	2,002	364
Comprehensive income/(loss) excluding noncontrolling interest	$ 579	$ 349	$ 1,728	$ (195)

Supplemental Financial Inform81

Supplemental Financial Information Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 03, 2016	Jun. 28, 2015	Jul. 03, 2016	Jun. 28, 2015	Jan. 03, 2016	Jul. 02, 2015	Dec. 28, 2014
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 4,237	$ 2,147	$ 4,237	$ 2,147	$ 4,837		$ 2,298
Trade receivables	1,114		1,114		871
Receivables due from affiliates	0		0		0
Dividends due from affiliates	0		0
Sold receivables	146		146		583
Inventories	2,881		2,881		2,618
Short-term lending due from affiliates	0		0		0
Other current assets	969		969		871
Total current assets	9,347		9,347		9,780
Property, plant and equipment, net	6,423		6,423		6,524
Goodwill	44,641		44,641		43,051	$ 30,500
Investments in subsidiaries	0		0		0
Intangible assets, net	59,762		59,762		62,120
Long-term lending due from affiliates	0		0		0
Other assets	1,511		1,511		1,498
TOTAL ASSETS	121,684		121,684		122,973
Commercial paper and other short-term debt	645		645		4
Current portion of long-term debt	2,106		2,106		79
Short-term lending due to affiliates	0		0		0
Trade payables	2,960		2,960		2,844
Payables due to affiliates	0		0		0
Accrued marketing	867		867		856
Accrued postemployment costs	164		164		328
Income taxes payable	368		368		417
Interest payable	393		393		401
Dividends payable	827		827		762
Dividends due to affiliates	0		0
Other current liabilities	1,263		1,263		1,241
Total current liabilities	9,593		9,593		6,932
Long-term debt	30,002		30,002		25,151
Long-term borrowings due to affiliates	0		0		0
Deferred income taxes	20,900		20,900		21,497
Accrued postemployment costs	2,341		2,341		2,405
Other liabilities	801		801		752
TOTAL LIABILITIES	63,637		63,637		56,737
Redeemable noncontrolling interest	0		0		23
9.00% cumulative compounding preferred stock, Series A, no shares authorized and issued at July 3, 2016 and 80,000 authorized and issued shares at January 3, 2016, $.01 par value	0		0		8,320
Equity in earnings of subsidiaries	0	0	0	0
Total shareholders' equity	57,826		57,826		57,685
Noncontrolling interest	221		221		208
TOTAL EQUITY	58,047		58,047		57,893
TOTAL LIABILITIES AND EQUITY	121,684		$ 121,684		$ 122,973
Nine point zero zero percent cumulative compounding preferred stock, Series A
Condensed Balance Sheet Statements, Captions [Line Items]
9.00% cumulative compounding preferred stock, Series A, dividend percentage			9.00%		9.00%
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0	$ 0	0	$ 0		0
Trade receivables	0		0		0
Receivables due from affiliates	(1,041)		(1,041)		(874)
Dividends due from affiliates	(827)		(827)
Sold receivables	0		0
Inventories	0		0		0
Short-term lending due from affiliates	(4,478)		(4,478)		(8,010)
Other current assets	(500)		(500)		(217)
Total current assets	(6,846)		(6,846)		(9,101)
Property, plant and equipment, net	0		0		0
Goodwill	0		0		0
Investments in subsidiaries	(130,691)		(130,691)		(139,110)
Intangible assets, net	0		0		0
Long-term lending due from affiliates	(3,723)		(3,723)		(3,700)
Other assets	0		0		0
TOTAL ASSETS	(141,260)		(141,260)		(151,911)
Commercial paper and other short-term debt	0		0		0
Current portion of long-term debt	0		0		0
Short-term lending due to affiliates	(4,478)		(4,478)		(8,010)
Trade payables	0		0		0
Payables due to affiliates	(1,041)		(1,041)		(874)
Accrued marketing	0		0		0
Accrued postemployment costs	0		0		0
Income taxes payable	(500)		(500)		(217)
Interest payable	0		0		0
Dividends payable	0		0		0
Dividends due to affiliates	(827)		(827)
Other current liabilities	0		0		0
Total current liabilities	(6,846)		(6,846)		(9,101)
Long-term debt	0		0		0
Long-term borrowings due to affiliates	(3,933)		(3,933)		(3,905)
Deferred income taxes	0		0		0
Accrued postemployment costs	0		0		0
Other liabilities	0		0		0
TOTAL LIABILITIES	(10,779)		(10,779)		(13,006)
Redeemable noncontrolling interest	0		0		0
9.00% cumulative compounding preferred stock, Series A, no shares authorized and issued at July 3, 2016 and 80,000 authorized and issued shares at January 3, 2016, $.01 par value					0
Equity in earnings of subsidiaries	(1,996)	55	(3,848)	(476)
Total shareholders' equity	(130,481)		(130,481)		(138,905)
Noncontrolling interest	0		0		0
TOTAL EQUITY	(130,481)		(130,481)		(138,905)
TOTAL LIABILITIES AND EQUITY	(141,260)		(141,260)		(151,911)
Parent Guarantor \| Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0	0	0	0		0
Trade receivables	0		0		0
Receivables due from affiliates	0		0		0
Dividends due from affiliates	827		827
Sold receivables	0		0		0
Inventories	0		0		0
Short-term lending due from affiliates	0		0		0
Other current assets	0		0		0
Total current assets	827		827		0
Property, plant and equipment, net	0		0		0
Goodwill	0		0		0
Investments in subsidiaries	57,825		57,825		66,005
Intangible assets, net	0		0		0
Long-term lending due from affiliates	0		0		0
Other assets	0		0		0
TOTAL ASSETS	58,652		58,652		66,005
Commercial paper and other short-term debt	0		0		0
Current portion of long-term debt	0		0		0
Short-term lending due to affiliates	0		0		0
Trade payables	0		0		0
Payables due to affiliates	0		0		0
Accrued marketing	0		0		0
Accrued postemployment costs	0		0		0
Income taxes payable	0		0		0
Interest payable	0		0		0
Dividends payable	827		827		0
Dividends due to affiliates	0		0
Other current liabilities	0		0		0
Total current liabilities	827		827		0
Long-term debt	0		0		0
Long-term borrowings due to affiliates	0		0		0
Deferred income taxes	0		0		0
Accrued postemployment costs	0		0		0
Other liabilities	0		0		0
TOTAL LIABILITIES	827		827		0
Redeemable noncontrolling interest	0		0		0
9.00% cumulative compounding preferred stock, Series A, no shares authorized and issued at July 3, 2016 and 80,000 authorized and issued shares at January 3, 2016, $.01 par value					8,320
Equity in earnings of subsidiaries	950	(164)	1,846	112
Total shareholders' equity	57,825		57,825		57,685
Noncontrolling interest	0		0		0
TOTAL EQUITY	57,825		57,825		57,685
TOTAL LIABILITIES AND EQUITY	58,652		58,652		66,005
Subsidiary Issuer \| Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	2,679	582	2,679	582	3,189		541
Trade receivables	163		163		62
Receivables due from affiliates	872		872		555
Dividends due from affiliates	0		0
Sold receivables	118		118		554
Inventories	1,900		1,900		1,741
Short-term lending due from affiliates	1,673		1,673		3,657
Other current assets	1,039		1,039		645
Total current assets	8,444		8,444		10,403
Property, plant and equipment, net	4,156		4,156		4,518
Goodwill	11,093		11,093		10,976
Investments in subsidiaries	72,866		72,866		73,105
Intangible assets, net	3,437		3,437		3,838
Long-term lending due from affiliates	1,723		1,723		1,700
Other assets	544		544		534
TOTAL ASSETS	102,263		102,263		105,074
Commercial paper and other short-term debt	640		640		0
Current portion of long-term debt	2,087		2,087		65
Short-term lending due to affiliates	2,805		2,805		4,353
Trade payables	1,720		1,720		1,612
Payables due to affiliates	169		169		319
Accrued marketing	279		279		359
Accrued postemployment costs	150		150		316
Income taxes payable	0		0		71
Interest payable	383		383		386
Dividends payable	0		0		762
Dividends due to affiliates	827		827
Other current liabilities	928		928		988
Total current liabilities	9,988		9,988		9,231
Long-term debt	28,975		28,975		24,143
Long-term borrowings due to affiliates	2,000		2,000		2,000
Deferred income taxes	1,169		1,169		1,278
Accrued postemployment costs	2,064		2,064		2,147
Other liabilities	241		241		270
TOTAL LIABILITIES	44,437		44,437		39,069
Redeemable noncontrolling interest	0		0		0
9.00% cumulative compounding preferred stock, Series A, no shares authorized and issued at July 3, 2016 and 80,000 authorized and issued shares at January 3, 2016, $.01 par value					0
Equity in earnings of subsidiaries	1,046	109	2,002	364
Total shareholders' equity	57,826		57,826		66,005
Noncontrolling interest	0		0		0
TOTAL EQUITY	57,826		57,826		66,005
TOTAL LIABILITIES AND EQUITY	102,263		102,263		105,074
Non-Guarantor Subsidiaries \| Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	1,558	1,565	1,558	1,565	1,648		$ 1,757
Trade receivables	951		951		809
Receivables due from affiliates	169		169		319
Dividends due from affiliates	0		0
Sold receivables	28		28		29
Inventories	981		981		877
Short-term lending due from affiliates	2,805		2,805		4,353
Other current assets	430		430		443
Total current assets	6,922		6,922		8,478
Property, plant and equipment, net	2,267		2,267		2,006
Goodwill	33,548		33,548		32,075
Investments in subsidiaries	0		0		0
Intangible assets, net	56,325		56,325		58,282
Long-term lending due from affiliates	2,000		2,000		2,000
Other assets	967		967		964
TOTAL ASSETS	102,029		102,029		103,805
Commercial paper and other short-term debt	5		5		4
Current portion of long-term debt	19		19		14
Short-term lending due to affiliates	1,673		1,673		3,657
Trade payables	1,240		1,240		1,232
Payables due to affiliates	872		872		555
Accrued marketing	588		588		497
Accrued postemployment costs	14		14		12
Income taxes payable	868		868		563
Interest payable	10		10		15
Dividends payable	0		0		0
Dividends due to affiliates	0		0
Other current liabilities	335		335		253
Total current liabilities	5,624		5,624		6,802
Long-term debt	1,027		1,027		1,008
Long-term borrowings due to affiliates	1,933		1,933		1,905
Deferred income taxes	19,731		19,731		20,219
Accrued postemployment costs	277		277		258
Other liabilities	560		560		482
TOTAL LIABILITIES	29,152		29,152		30,674
Redeemable noncontrolling interest	0		0		23
9.00% cumulative compounding preferred stock, Series A, no shares authorized and issued at July 3, 2016 and 80,000 authorized and issued shares at January 3, 2016, $.01 par value					0
Equity in earnings of subsidiaries	0	$ 0	0	$ 0
Total shareholders' equity	72,656		72,656		72,900
Noncontrolling interest	221		221		208
TOTAL EQUITY	72,877		72,877		73,108
TOTAL LIABILITIES AND EQUITY	$ 102,029		$ 102,029		$ 103,805

Supplemental Financial Inform82

Supplemental Financial Information Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 03, 2016	Jun. 28, 2015
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	$ 2,104	$ 411
Capital expenditures	(514)	(163)
Proceeds from net investment hedges	77	306
Net proceeds from/(payments on) intercompany lending activities	0	0
Additional investments in subsidiaries	0
Return of capital	0	0
Other investing activities, net	(79)	7
Net cash provided by/(used for) investing activities	(516)	150
Repayments of long-term debt	(12)	(1,963)
Proceeds from issuance of long-term debt	6,982	2,000
Proceeds from issuance of commercial paper	1,939	0
Repayments of commercial paper	(1,307)	0
Net proceeds from/(payments on) intercompany borrowing activities	0	0
Dividends paid-Series A Preferred Stock	(180)	(360)
Dividends paid-common stock	(1,334)	0
Redemption of Series A Preferred Stock	(8,320)	0
Other intercompany capital stock transactions	0	0
Other financing activities, net	43	(56)
Net cash provided by/(used for) financing activities	(2,189)	(379)
Effect of exchange rate changes on cash and cash equivalents	1	(333)
Net increase/(decrease)	(600)	(151)
Balance at beginning of period	4,837	2,298
Balance at end of period	4,237	2,147
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	(847)	(180)
Capital expenditures	0	0
Proceeds from net investment hedges	0	0
Net proceeds from/(payments on) intercompany lending activities	(702)	322
Additional investments in subsidiaries	10
Return of capital	(8,987)	(185)
Other investing activities, net	0	0
Net cash provided by/(used for) investing activities	(9,679)	137
Repayments of long-term debt	0	0
Proceeds from issuance of long-term debt	0	0
Proceeds from issuance of commercial paper	0
Repayments of commercial paper	0
Net proceeds from/(payments on) intercompany borrowing activities	702	(322)
Dividends paid-Series A Preferred Stock	0	0
Dividends paid-common stock	1,514	360
Redemption of Series A Preferred Stock
Other intercompany capital stock transactions	8,310	5
Other financing activities, net	0	0
Net cash provided by/(used for) financing activities	10,526	43
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase/(decrease)	0	0
Balance at beginning of period	0	0
Balance at end of period	0	0
Parent Guarantor \| Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	847	180
Capital expenditures	0	0
Proceeds from net investment hedges	0	0
Net proceeds from/(payments on) intercompany lending activities	0	0
Additional investments in subsidiaries	0
Return of capital	8,987	180
Other investing activities, net	0	0
Net cash provided by/(used for) investing activities	8,987	180
Repayments of long-term debt	0	0
Proceeds from issuance of long-term debt	0	0
Proceeds from issuance of commercial paper	0
Repayments of commercial paper	0
Net proceeds from/(payments on) intercompany borrowing activities	0	0
Dividends paid-Series A Preferred Stock	(180)	(360)
Dividends paid-common stock	(1,334)	0
Redemption of Series A Preferred Stock	(8,320)
Other intercompany capital stock transactions	0	0
Other financing activities, net	0	0
Net cash provided by/(used for) financing activities	(9,834)	(360)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase/(decrease)	0	0
Balance at beginning of period	0	0
Balance at end of period	0	0
Subsidiary Issuer \| Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	1,520	(56)
Capital expenditures	(346)	(59)
Proceeds from net investment hedges	77	306
Net proceeds from/(payments on) intercompany lending activities	595	(76)
Additional investments in subsidiaries	(10)
Return of capital	0	5
Other investing activities, net	(54)	(2)
Net cash provided by/(used for) investing activities	262	174
Repayments of long-term debt	(8)	(1,960)
Proceeds from issuance of long-term debt	6,980	2,000
Proceeds from issuance of commercial paper	1,939
Repayments of commercial paper	(1,307)
Net proceeds from/(payments on) intercompany borrowing activities	(107)	246
Dividends paid-Series A Preferred Stock	0	0
Dividends paid-common stock	(1,514)	(360)
Redemption of Series A Preferred Stock
Other intercompany capital stock transactions	(8,320)	0
Other financing activities, net	45	(3)
Net cash provided by/(used for) financing activities	(2,292)	(77)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net increase/(decrease)	(510)	41
Balance at beginning of period	3,189	541
Balance at end of period	2,679	582
Non-Guarantor Subsidiaries \| Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	584	467
Capital expenditures	(168)	(104)
Proceeds from net investment hedges	0	0
Net proceeds from/(payments on) intercompany lending activities	107	(246)
Additional investments in subsidiaries	0
Return of capital	0	0
Other investing activities, net	(25)	9
Net cash provided by/(used for) investing activities	(86)	(341)
Repayments of long-term debt	(4)	(3)
Proceeds from issuance of long-term debt	2	0
Proceeds from issuance of commercial paper	0
Repayments of commercial paper	0
Net proceeds from/(payments on) intercompany borrowing activities	(595)	76
Dividends paid-Series A Preferred Stock	0	0
Dividends paid-common stock	0	0
Redemption of Series A Preferred Stock
Other intercompany capital stock transactions	10	(5)
Other financing activities, net	(2)	(53)
Net cash provided by/(used for) financing activities	(589)	15
Effect of exchange rate changes on cash and cash equivalents	1	(333)
Net increase/(decrease)	(90)	(192)
Balance at beginning of period	1,648	1,757
Balance at end of period	$ 1,558	$ 1,565