The Kraft Heinz Company (KHC) 10-Q 7 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 28, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Registrant Name	Kraft Heinz Co
Entity Central Index Key	1,637,459
Current Fiscal Year End Date	--12-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,218,467,836

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Income Statement [Abstract]
Net sales	$ 6,314	$ 6,267	$ 19,355	$ 19,630
Cost of products sold	4,000	4,049	12,059	12,503
Gross profit	2,314	2,218	7,296	7,127
Selling, general and administrative expenses	653	805	2,163	2,565
Operating income	1,661	1,413	5,133	4,562
Interest expense	306	311	926	824
Other expense/(income), net	(4)	(3)	8	(5)
Income/(loss) before income taxes	1,359	1,105	4,199	3,743
Provision for/(benefit from) income taxes	416	262	1,205	1,045
Net income/(loss)	943	843	2,994	2,698
Net income/(loss) attributable to noncontrolling interest	(1)	1	(2)	10
Net income/(loss) attributable to Kraft Heinz	944	842	2,996	2,688
Preferred dividends	0	0	0	180
Net income/(loss) attributable to common shareholders	$ 944	$ 842	$ 2,996	$ 2,508
Earnings Per Share [Abstract]
Basic earnings/(loss) per share (in dollars per share)	$ 0.78	$ 0.69	$ 2.46	$ 2.06
Diluted earnings/(loss) per share (in dollars per share)	0.77	0.69	2.44	2.05
Dividends declared (in dollars per share)	$ 0.625	$ 0.6	$ 1.825	$ 1.75

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ 943	$ 843	$ 2,994	$ 2,698
Other comprehensive income/(loss), net of tax:
Foreign currency translation adjustments	421	(148)	1,179	(294)
Net deferred gains/(losses) on net investment hedges	(124)	34	(327)	79
Net actuarial gains/(losses) arising during the period	(4)	(251)	(13)	(251)
Prior service credits/(costs) arising during the period	0	106	1	106
Reclassification of net postemployment benefit losses/(gains)	(51)	(39)	(260)	(143)
Net deferred gains/(losses) on cash flow hedges	(70)	31	(136)	(1)
Net deferred losses/(gains) on cash flow hedges reclassified to net income	51	(26)	97	(44)
Total other comprehensive income/(loss)	223	(293)	541	(548)
Total comprehensive income/(loss)	1,166	550	3,535	2,150
Comprehensive income/(loss) attributable to noncontrolling interest	(1)	3	(4)	19
Comprehensive income/(loss) attributable to Kraft Heinz	$ 1,167	$ 547	$ 3,539	$ 2,131

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 1,441	$ 4,204
Trade receivables (net of allowances of $29 at September 30, 2017 and $20 at December 31, 2016)	938	769
Sold receivables	427	129
Inventories	3,188	2,684
Other current assets	1,234	967
Total current assets	7,228	8,753
Property, plant and equipment, net	6,934	6,688
Goodwill	44,858	44,125
Intangible assets, net	59,500	59,297
Other assets	1,531	1,617
TOTAL ASSETS	120,051	120,480
LIABILITIES AND EQUITY
Commercial paper and other short-term debt	455	645
Current portion of long-term debt	2,755	2,046
Trade payables	3,947	3,996
Accrued marketing	493	749
Accrued postemployment costs	158	157
Income taxes payable	169	255
Interest payable	295	415
Other current liabilities	1,115	1,238
Total current liabilities	9,387	9,501
Long-term debt	28,299	29,713
Deferred income taxes	20,898	20,848
Accrued postemployment costs	1,808	2,038
Other liabilities	688	806
TOTAL LIABILITIES	61,080	62,906
Commitments and Contingencies (Note 13)
Equity:
Common stock, $0.01 par value (5,000 shares authorized; 1,221 shares issued and 1,218 shares outstanding at September 30, 2017; 1,219 shares issued and 1,217 shares outstanding at December 31, 2016)	12	12
Additional paid-in capital	58,695	58,593
Retained earnings/(deficit)	1,360	588
Accumulated other comprehensive income/(losses)	(1,085)	(1,628)
Treasury stock, at cost (3 shares at September 30, 2017 and 2 shares at December 31, 2016)	(223)	(207)
Total shareholders' equity	58,759	57,358
Noncontrolling interest	212	216
TOTAL EQUITY	58,971	57,574
TOTAL LIABILITIES AND EQUITY	$ 120,051	$ 120,480

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Trade receivables, allowances	$ 29	$ 20
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	0	0
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0
Treasury stock	0	0

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Equity - 9 months ended Sep. 30, 2017 - 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 Dec. 31, 2016	$ 57,574	$ 12	$ 58,593	$ 588	$ (1,628)	$ (207)	$ 216
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income/(loss)	2,994			2,996			(2)
Other comprehensive income/(loss)	541				543		(2)
Dividends declared-common stock	(2,225)			(2,225)
Exercise of stock options, issuance of other stock awards, and other	87		102	1		(16)
Ending balance at Sep. 30, 2017	$ 58,971	$ 12	$ 58,695	$ 1,360	$ (1,085)	$ (223)	$ 212

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)	$ 2,994	$ 2,698
Adjustments to reconcile net income/(loss) to operating cash flows:
Depreciation and amortization	790	1,010
Amortization of postretirement benefit plans prior service costs/(credits)	(247)	(217)
Equity award compensation expense	36	38
Deferred income tax provision/(benefit)	492	(28)
Pension contributions	(174)	(332)
Other items, net	(76)	(122)
Changes in current assets and liabilities:
Trade receivables	(2,061)	(1,443)
Inventories	(580)	(481)
Accounts payable	123	480
Other current assets	(137)	(58)
Other current liabilities	(1,144)	(529)
Net cash provided by/(used for) operating activities	16	1,016
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash receipts on sold receivables	1,633	1,850
Capital expenditures	(956)	(836)
Other investing activities, net	47	70
Net cash provided by/(used for) investing activities	724	1,084
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt	(2,636)	(74)
Proceeds from issuance of long-term debt	1,496	6,981
Proceeds from issuance of commercial paper	5,495	4,296
Repayments of commercial paper	(5,709)	(3,660)
Dividends paid-Series A Preferred Stock	0	(180)
Dividends paid-common stock	(2,161)	(2,123)
Redemption of Series A Preferred Stock	0	(8,320)
Other financing activities, net	26	56
Net cash provided by/(used for) financing activities	(3,489)	(3,024)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	43	(17)
Cash, cash equivalents, and restricted cash
Net increase/(decrease)	(2,706)	(941)
Balance at beginning of period	4,255	4,912
Balance at end of period	1,549	3,971
Beneficial interest obtained in exchange for securitized trade receivables	$ 1,936	$ 1,519

Background and Basis of Present

Background and Basis of Presentation (Notes)	9 Months Ended
	Sep. 30, 2017
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 fairly state our results for the periods presented. The condensed consolidated balance sheet data at December 31, 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 December 31, 2016 . The results for interim periods are not necessarily indicative of future or annual results. Organization: On July 2, 2015, 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. (“3G Capital”), following their acquisition of H. J. Heinz Company (the “2013 Merger”) on June 7, 2013. Accounting Standards Adopted in the Current Year: In March 2016, the Financial Accounting Standards Board (the “FASB”) issued accounting standards update (“ASU”) 2016-09 related to equity-based award accounting and presentation. Under this guidance, excess tax benefits upon the exercise of share- based payment awards are recognized in our tax provision rather than within equity. Cash flows related to excess tax benefits are classified as operating activities rather than financing activities. Additionally, cash flows related to employee tax withholdings on restricted share vesting are classified as financing activities. This ASU became effective in the first quarter of 2017. We adopted the guidance related to excess tax benefits on a prospective basis. As a result, we recognized a tax benefit in our condensed consolidated statement of income of $3 million for the three months and $19 million for the nine months ended September 30, 2017 related to our excess tax benefits upon the exercise of share-based payment awards. We retrospectively adopted the guidance related to cash flow classification of employee tax withholdings on restricted share vesting. This guidance did not have a material impact on our condensed consolidated statement of cash flows for the nine months ended October 2, 2016 or on our consolidated statement of cash flows for the year ended December 31, 2016. Our equity award compensation cost continues to reflect estimated forfeitures. In August 2016, the FASB issued ASU 2016-15 related to the classification of certain cash payments and cash receipts on the statement of cash flows. This ASU provided guidance on eight specific cash flow classification matters, which must be adopted in the same period using a retrospective transition method. We early adopted this ASU in the first quarter of 2017. We now classify consideration received for beneficial interest obtained for transferring trade receivables in securitization transactions as investing activities instead of operating activities. Accordingly, we reclassified $1.9 billion of cash receipts from the payments on sold receivables (which are cash receipts on the underlying trade receivables that have already been securitized) to cash provided by investing activities (from cash provided by operating activities) for the nine months ended October 2, 2016. The related impact on our consolidated statement of cash flows for the year ended December 31, 2016 was $2.6 billion . In connection with the adoption of ASU 2016-15, we also corrected other immaterial cash flow misstatements within operating activities, which overstated the amount of beneficial interest obtained in the non-cash exchange from the securitization of trade receivables. Additionally, we now classify cash payments for debt prepayment and debt extinguishment costs as cash outflows from financing activities rather than cash outflows from operating activities, which had no impact our condensed consolidated statements of cash flows for the nine months ended October 2, 2016 or our consolidated statement of cash flows for the year ended December 31, 2016. In November 2016, the FASB issued ASU 2016-18 requiring the statement of cash flows to explain the change in restricted cash and restricted cash equivalents, in addition to cash and cash equivalents. We early adopted this ASU in the first quarter of 2017. Accordingly, we restated our cash and cash equivalents balances in the condensed consolidated statements of cash flows to include restricted cash of $51 million at December 31, 2016 , $51 million at October 2, 2016 , and $75 million at January 3, 2016 . Additionally, cash used for investing activities increased by $24 million for the nine months ended October 2, 2016 and increased by $24 million for the year ended December 31, 2016. As required by the ASU, we have provided a reconciliation from cash and cash equivalents as presented on our condensed consolidated balance sheets to cash, cash equivalents, and restricted cash as reported on our condensed consolidated statements of cash flows. See Note 3, Restricted Cash , for this reconciliation, as well as a discussion of the nature of our restricted cash balances. Recently Issued Accounting Standards: In May 2014, the FASB issued ASU 2014-09, which 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 to 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 using a full retrospective method or a modified retrospective transition method, with a cumulative-effect adjustment as of the date of adoption. We currently expect the impact of this guidance to be immaterial to our financial statements and related disclosures. We will adopt this ASU using the full retrospective method on the first day of our fiscal year 2018. In February 2016, the FASB issued ASU 2016-02, which 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 sheets 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. While we are still evaluating the impact this ASU will have on our financial statements and related disclosures, we have completed our scoping reviews and have made progress in our assessment phase. We have identified our significant leases by geography and by asset type as well as our leasing processes which will be impacted by the new standard. We have also made progress in developing the policy elections we will make upon adoption. We expect that our financial statement disclosures will be expanded to present additional details of our leasing arrangements. At this time, we are unable to reasonably estimate the expected increase in assets and liabilities on our condensed consolidated balance sheets upon adoption. We will adopt this ASU on the first day of our fiscal year 2019. In October 2016, the FASB issued ASU 2016-16 related to the income tax accounting impacts of intra-entity transfers of assets other than inventory , such as intellectual property and property, plant and equipment. Under the new accounting guidance, current and deferred income taxes should be recognized upon transfer of the assets. Previously, recognition of current and deferred income taxes was prohibited until the asset was sold to an external party. This ASU will be effective beginning in the first quarter of our fiscal year 2018. Early adoption is permitted but must be adopted in the first interim period of the annual period for which the ASU is adopted. The new guidance must be adopted on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the adoption period. We will adopt this ASU on the first day of our fiscal year 2018. While we are still evaluating the impact of this ASU, we currently anticipate a cumulative effect adjustment to retained earnings of approximately $100 million upon adoption. In January 2017, the FASB issued ASU 2017-04 related to goodwill impairment testing. This ASU eliminates Step 2 from the goodwill impairment test. Under the new guidance, if a reporting unit’s carrying amount exceeds its fair value, the entity will record an impairment charge based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. Previously, if the fair value of a reporting unit was lower than its carrying amount (Step 1), an entity was required to calculate any impairment charge by comparing the implied fair value of goodwill with its carrying amount (Step 2). Additionally, under the new standard, entities that have reporting units with zero or negative carrying amounts will no longer be required to perform the qualitative assessment to determine whether to perform Step 2 of the goodwill impairment test. As a result, reporting units with zero or negative carrying amounts will generally be expected to pass the simplified impairment test; however, additional disclosure will be required of those entities. This ASU will be effective beginning in the first quarter of our fiscal year 2020. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The new guidance must be adopted on a prospective basis. While we are still evaluating the timing of adoption, we currently do not expect this ASU to have a material impact on our financial statements and related disclosures. In March 2017, the FASB issued ASU 2017-07 related to the presentation of net periodic benefit cost (pension and postretirement cost) . This ASU will be effective beginning in the first quarter of our fiscal year 2018. Under the new guidance, the service cost component of net periodic benefit cost must be presented in the same statement of income line item as other employee compensation costs arising from services rendered by employees during the period. Other components of net periodic benefit cost must be disaggregated from the service cost component in the statements of income and must be presented outside the operating income subtotal. Additionally, only the service cost component will be eligible for capitalization in assets. The new guidance must be applied retrospectively for the statement of income presentation of service cost components and other net periodic benefit cost components and prospectively for the capitalization of service cost components. There is a practical expedient that allows us to use historical amounts disclosed in our Postemployment Benefits footnote as an estimation basis for retrospectively applying the statement of income presentation requirements. We plan to use this practical expedient when we adopt this ASU on the first day of our fiscal year 2018. The retrospective impact of adopting ASU 2017-07 in 2018 is expected to be (in millions): For the Three Months Ended For the Nine Months Ended For the Year Ended September 30, October 2, September 30, October 2, December 31, Increase/(decrease) to cost of products sold $ 109 $ 81 $ 455 $ 259 $ 373 Increase/(decrease) to selling, general and administrative expenses 14 14 63 66 93 Increase/(decrease) to operating income (a) (123 ) (95 ) (518 ) (325 ) (466 ) (a) Includes amortization of prior service costs/(credits), curtailments, special/contractual termination benefits, and certain settlements. These components of net pension and postretirement cost/(benefit) totaled approximately $(80) million for the three months and $(400) million for the nine months ended September 30, 2017 , approximately $(70) million for the three months and $(240) million for the nine months ended October 2, 2016 , and approximately $(340) million for the year ended December 31, 2016 . In August 2017, the FASB issued ASU 2017-12 related to accounting for hedging activities. This guidance will impact the accounting for our financial (i.e., foreign exchange and interest rate) and non-financial (i.e., commodity) hedging activities. Key components of this ASU that could impact us are as follows: • Grants the ability to hedge the risk associated with the change in a contractually specified component of the purchase or sale of a non-financial item instead of the total contractual price, which could allow more commodity contracts to qualify for hedge accounting; • Requires us to defer the entire change in value of the derivative, including the effective and ineffective portion, into other comprehensive income until the hedged item impacts net income. When released, the deferred hedge gains and losses, including the ineffective portion, will be recognized in the same statement of income line affected by the hedged item; • Allows us to recognize changes in the fair value of excluded components in other comprehensive income (which will be amortized into net income over the life of the derivative) or in net income in the related period; • Changes hedge effectiveness testing, including timing and allowable methods of testing; and, • Requires additional tabular disclosures in the footnotes to the financial statements. The method for adopting the revised standard is modified retrospective. This ASU will be effective beginning in the first quarter of our fiscal year 2019; however, early adoption is permitted, including in an interim period. We are currently evaluating the timing of adoption and the impact this ASU will have on our financial statements and related disclosures.

Integration and Restructuring E

Integration and Restructuring Expenses (Notes)	9 Months Ended
	Sep. 30, 2017
Restructuring and Related Activities [Abstract]
Integration and Restructuring Expenses	Integration and Restructuring Expenses As part of our restructuring activities, we incur expenses that qualify as exit and disposal costs under U.S. GAAP. These include severance and employee benefit costs and other exit costs. Severance and employee benefit costs primarily relate to cash severance, non-cash severance, including accelerated equity award compensation expense, and pension and other termination benefits. Other exit costs primarily relate to lease and contract terminations. 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 under U.S. GAAP. These include asset-related costs and other implementation costs. Asset-related costs primarily relate to accelerated depreciation and asset impairment charges. Other implementation costs primarily relate to start-up costs of new facilities, professional fees, asset relocation costs, and costs to exit facilities. 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. 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: Following the 2015 Merger, we announced a multi-year program (the “Integration Program”) designed to reduce costs, streamline and simplify our operating structure as well as optimize our production and supply chain network across our businesses in the United States and Canada segments. We expect to incur pre-tax costs of $2.1 billion related to the Integration Program. These pre-tax costs are comprised of the following categories: • Organization costs ( $400 million ) associated with our plans to streamline and simplify our operating structure, resulting in workforce reduction (primarily severance and employee benefit costs). • Footprint costs ( $1.3 billion ) associated with our plans to optimize our production and supply chain network, resulting in workforce reduction and facility closures and consolidations (primarily asset-related costs and severance and employee benefit costs). • Other costs ( $400 million ) incurred as a direct result of integration activities, including other exit costs (primarily lease and contract terminations) and other implementation costs (primarily professional services and other third-party fees). We expect that approximately 60% of the Integration Program expenses will be reflected in cost of products sold and approximately 60% will be cash expenditures. Overall, as part of the Integration Program, we expect to eliminate 5,150 positions, close net six factories, and consolidate our distribution network. At September 30, 2017 , the total Integration Program liability related primarily to the elimination of general salaried and factory positions across the United States and Canada, 4,800 of whom have left the Company by September 30, 2017 . Additionally, as of September 30, 2017 , we have closed net six factories. Related to the Integration Program, we incurred costs of $79 million for the three months and $157 million for the nine months ended September 30, 2017 and $222 million for the three months and $722 million for the nine months ended October 2, 2016 . As of September 30, 2017 , we have incurred approximately $1.9 billion of cumulative costs under the Integration Program, including $543 million of severance and employee benefit costs, $803 million of non-cash asset-related costs, $417 million of other implementation costs, and $110 million of other exit costs. In the second quarter of 2017, we recognized a curtailment gain of $168 million , which was classified as Integration Program expenses. The curtailment was triggered by the number of cumulative headcount reductions after the closure of certain U.S. factories in the second quarter of 2017. The resulting gain is attributed to accelerating a portion of the previously deferred actuarial gains and prior service credits. An additional curtailment gain of $9 million was recognized during the third quarter of 2017 based on additional employee exits associated with these factory closures. See Note 8, Postemployment Benefits , and Note 9, Accumulated Other Comprehensive Income/(Losses) , for the related curtailment gain. Our liability balance for Integration Program costs that qualify as exit and disposal costs under U.S. GAAP (i.e., severance and employee benefit costs and other exit costs), was (in millions): Severance and Employee Benefit Costs Other Exit Costs (a) Total Balance at December 31, 2016 $ 99 $ 10 $ 109 Charges/(credits) (138 ) 15 (123 ) Cash payments (55 ) (3 ) (58 ) Non-cash utilization 138 (3 ) 135 Balance at September 30, 2017 $ 44 $ 19 $ 63 (a) Other exit costs primarily consist of lease and contract terminations. We expect the liability for severance and employee benefit costs as of September 30, 2017 to be paid in 2017. The liability for other exit costs primarily relates to lease obligations associated with restructuring programs executed prior to the 2015 Merger. The cash impact of these obligations will continue for the duration of the lease terms, which expire between 2019 and 2026. Restructuring Activities: In addition to our Integration Program in North America, we have a small number of other restructuring programs globally, which are focused primarily on workforce reduction and factory closure and consolidation. Related to these programs, approximately 500 employees left the Company during the nine months ended September 30, 2017 . These programs resulted in expenses of $16 million for the three months ended September 30, 2017 , including $8 million of severance and employee benefit costs, $7 million of other implementation costs, and $1 million of other exit costs. Other restructuring program expenses for the nine months ended September 30, 2017 were $80 million , including $37 million of severance and employee benefit costs, $1 million of non-cash asset-related costs, $32 million of other implementation costs, and $10 million of other exit costs. Other restructuring program expenses totaled $15 million for the three months and $59 million for the nine months ended October 2, 2016 . Our liability balance for restructuring project costs that qualify as exit and disposal costs under U.S. GAAP (i.e., severance and employee benefit costs and other exit costs), was (in millions): Severance and Employee Benefit Costs Other Exit Costs (a) Total Balance at December 31, 2016 $ 12 $ 25 $ 37 Charges/(credits) 37 10 47 Cash payments (32 ) (6 ) (38 ) Non-cash utilization (7 ) — (7 ) Balance at September 30, 2017 $ 10 $ 29 $ 39 (a) Other exit costs primarily consist of lease and contract terminations. We expect the liability for severance and employee benefit costs as of September 30, 2017 to be paid in 2017. The liability for other exit costs primarily relates to lease obligations associated with restructuring programs executed prior to the 2015 Merger. The cash impact of these obligations will continue for the duration of the lease terms, which expire between 2017 and 2026. Total Integration and Restructuring: Total expenses related to the Integration Program and restructuring activities recorded in cost of products sold and selling, general and administrative expenses were (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Severance and employee benefit costs - COGS $ (22 ) $ 14 $ (139 ) $ 43 Severance and employee benefit costs - SG&A (3 ) 43 38 89 Asset-related costs - COGS 34 89 134 368 Asset-related costs - SG&A 8 9 21 35 Other costs - COGS 68 49 129 121 Other costs - SG&A 10 33 54 125 $ 95 $ 237 $ 237 $ 781 We do not include Integration Program and restructuring expenses within Segment Adjusted EBITDA (as defined in Note 15, Segment Reporting ). The pre-tax impact of allocating such expenses to our segments would have been (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, United States $ 75 $ 161 $ 118 $ 607 Canada (3 ) 16 21 43 Europe 6 5 45 33 Rest of World — — 11 — General corporate expenses 17 55 42 98 $ 95 $ 237 $ 237 $ 781

Restricted Cash (Notes)

Restricted Cash (Notes)	9 Months Ended
	Sep. 30, 2017
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Restricted Cash	Restricted Cash The following table provides a reconciliation of cash and cash equivalents, as reported on our condensed consolidated balance sheets, to cash, cash equivalents, and restricted cash, as reported on our condensed consolidated statements of cash flows (in millions): September 30, 2017 December 31, 2016 Cash and cash equivalents $ 1,441 $ 4,204 Restricted cash included in other assets (current) 108 42 Restricted cash included in other assets (noncurrent) — 9 Cash, cash equivalents, and restricted cash $ 1,549 $ 4,255 Our restricted cash primarily relates to withholding taxes on our common stock dividends to our only significant international shareholder, 3G Capital.

Inventories (Notes)

Inventories (Notes)	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in millions): September 30, 2017 December 31, 2016 Packaging and ingredients $ 713 $ 542 Work in process 464 388 Finished product 2,011 1,754 Inventories $ 3,188 $ 2,684 The increase in inventories for the nine months ended September 30, 2017 was primarily due to seasonality in the U.S.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Notes)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill: Changes in the carrying amount of goodwill, by segment, were (in millions): United States Canada Europe Rest of World Total Balance at December 31, 2016 $ 33,696 $ 4,913 $ 2,778 $ 2,738 $ 44,125 Translation adjustments and other — 379 250 104 733 Balance at September 30, 2017 $ 33,696 $ 5,292 $ 3,028 $ 2,842 $ 44,858 We test goodwill for impairment at least annually in the second quarter or when a triggering event occurs. We performed our 2017 annual impairment test as of April 2, 2017. As a result of our 2017 annual impairment test, there was no impairment of goodwill. Each of our goodwill reporting units had excess fair value over its carrying value of at least 10% as of April 2, 2017. Our goodwill balance consists of 18 reporting units and had an aggregate carrying value of $44.9 billion as of September 30, 2017 . As a majority of our goodwill was recently recorded in connection with the 2013 Merger and the 2015 Merger, representing fair values as of those merger dates, there was not a significant excess of fair values over carrying values as of April 2, 2017. We have a risk of future impairment to the extent that individual 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. No events occurred during the three months ended September 30, 2017 that indicated it was more likely than not that our goodwill was impaired. There were no accumulated impairment losses to goodwill as of September 30, 2017 . Indefinite-lived intangible assets: Indefinite-lived intangible assets, which primarily consisted of trademarks, were (in millions): Balance at December 31, 2016 $ 53,307 Translation adjustments 380 Impairment losses on indefinite-lived intangible assets (48 ) Balance at September 30, 2017 $ 53,639 We test indefinite-lived intangible assets for impairment at least annually in the second quarter or when a triggering event occurs. We performed our 2017 annual impairment test as of April 2, 2017. As a result of our 2017 annual impairment test, we recognized a non-cash impairment loss of $48 million in selling, general and administrative expenses for the nine months ended September 30, 2017 . This loss was due to continued declines in nutritional beverages in India. The loss was recorded in our Europe segment as the related trademark is owned by our Italian subsidiary. Each of our other brands had excess fair value over its carrying value of at least 10% as of April 2, 2017. 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 September 30, 2017 . As a majority of our indefinite-lived intangible assets were recently recorded in connection with the 2013 Merger and the 2015 Merger, representing fair values as of those merger dates, there was not a significant excess of fair values over carrying values as of April 2, 2017. 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. No events occurred during the three months ended September 30, 2017 that indicated it was more likely than not that our indefinite-lived intangible assets were impaired. Definite-lived intangible assets: Definite-lived intangible assets were (in millions): September 30, 2017 December 31, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trademarks $ 2,381 $ (256 ) $ 2,125 $ 2,337 $ (172 ) $ 2,165 Customer-related assets 4,230 (502 ) 3,728 4,184 (369 ) 3,815 Other 14 (6 ) 8 13 (3 ) 10 $ 6,625 $ (764 ) $ 5,861 $ 6,534 $ (544 ) $ 5,990 Amortization expense for definite-lived intangible assets was $76 million for the three months and $220 million for the nine months ended September 30, 2017 and was $66 million for the three months and $198 million for the nine months ended October 2, 2016 . Aside from amortization expense, the changes in definite-lived intangible assets from December 31, 2016 to September 30, 2017 reflect the impact of foreign currency. We estimate that amortization expense related to definite-lived intangible assets will be approximately $280 million for the next twelve months and approximately $270 million for each of the four years thereafter.

Income Taxes (Notes)

Income Taxes (Notes)	9 Months Ended
	Sep. 30, 2017
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 effective tax rate is a composite rate reflecting the earnings in various locations and the applicable tax rates. Additionally, our quarterly income tax provision is determined based on our estimated full year effective tax rate, adjusted for tax attributable to infrequent or unusual items, which are recognized on a discrete period basis in the income tax provision for the period in which they occur. Our effective tax rate was 30.6% for the three months ended September 30, 2017 compared to 23.7% for the three months ended October 2, 2016 . The increase in our effective tax rate was driven by the unfavorable impact of net discrete items for the current quarter, primarily related to the impact of state tax law changes, compared to the favorable impact of foreign tax law changes and deferred tax adjustments for the three months ended October 2, 2016. Our effective tax rate was 28.7% for the nine months ended September 30, 2017 compared to 27.9% for the nine months ended October 2, 2016 . The increase in our effective tax rate was mainly driven by the unfavorable impact of a higher percentage of U.S. income reflected in our estimated full year effective tax rate for 2017 compared to 2016.

Employees' Stock Incentive Plan

Employees' Stock Incentive Plans (Notes)	9 Months Ended
	Sep. 30, 2017
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 2017. 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 Outstanding at December 31, 2016 20,560,140 $ 37.39 Granted 1,572,848 89.01 Forfeited (559,109 ) 48.13 Exercised (2,005,638 ) 32.94 Outstanding at September 30, 2017 19,568,241 41.69 The aggregate intrinsic value of stock options exercised during the period was $115 million for the nine months ended September 30, 2017 . Restricted Stock Units: Our restricted stock unit (“RSU”) activity and related information was: Number of Units Weighted Average Grant Date Fair Value (per share) Outstanding at December 31, 2016 806,744 $ 71.95 Granted 1,678,110 85.03 Forfeited (191,072 ) 82.85 Vested (136,272 ) 72.96 Outstanding at September 30, 2017 2,157,510 81.10 The aggregate fair value of RSUs that vested during the period was $12 million for the nine months ended September 30, 2017 .

Postemployment Benefits (Notes)

Postemployment Benefits (Notes)	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [Abstract]
Postemployment Benefits	Postemployment Benefits Pension Plans Components of Net Pension Cost/(Benefit): Net pension cost/(benefit) consisted of the following (in millions): For the Three Months Ended For the Nine Months Ended U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans September 30, October 2, September 30, October 2, September 30, October 2, September 30, October 2, Service cost $ 3 $ 3 $ 5 $ 6 $ 8 $ 10 $ 13 $ 18 Interest cost 45 52 17 21 136 158 49 64 Expected return on plan assets (66 ) (73 ) (47 ) (44 ) (197 ) (221 ) (133 ) (137 ) Amortization of unrecognized losses/(gains) — — — — — — 1 — Settlements 3 26 — — 3 20 — — Special/contractual termination benefits 5 — — — 18 — 8 — Other — — (6 ) — 2 — (15 ) — Net pension cost/(benefit) $ (10 ) $ 8 $ (31 ) $ (17 ) $ (30 ) $ (33 ) $ (77 ) $ (55 ) We capitalized a portion of net pension cost/(benefit) into inventory based on our production activities. The amounts capitalized into inventory as of September 30, 2017 and October 2, 2016 are included in the table above. Employer Contributions: During the nine months ended September 30, 2017 , we contributed $150 million to our U.S. pension plans and $24 million to our non-U.S. pension plans. Based on our contribution strategy, we plan to make further contributions of approximately $5 million to our non-U.S. plans during the remainder of 2017. We do no t plan to make further contributions to our U.S. pension plans in 2017. Our actual contributions and plans may change due to many factors, including the timing of regulatory approval for the windup of certain non-U.S. pension plans, changes in tax, employee benefit, or other laws and regulations, 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 (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Service cost $ 2 $ 3 $ 7 $ 11 Interest cost 12 13 37 43 Amortization of prior service costs/(credits) (77 ) (90 ) (250 ) (252 ) Curtailments (9 ) — (177 ) — Net postretirement cost/(benefit) $ (72 ) $ (74 ) $ (383 ) $ (198 ) We capitalized a portion of net postretirement cost/(benefit) into inventory based on our production activities. The amounts capitalized into inventory as of September 30, 2017 and October 2, 2016 are included in the table above. In the second quarter of 2017, we remeasured certain of our postretirement plans and recognized a curtailment gain of $168 million . The curtailment was triggered by the number of cumulative headcount reductions after the closure of certain U.S. factories in the second quarter of 2017. The resulting gain is attributed to accelerating a portion of the previously deferred actuarial gains and prior service credits. An additional curtailment gain of $9 million was recognized during the third quarter of 2017 based on additional employee exits associated with these factory closures. The headcount reductions and factory closures were part of our ongoing Integration Program. See Note 2, Integration and Restructuring Expenses , for additional information.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Losses) (Notes)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income/(Losses)	Accumulated Other Comprehensive Income/(Losses) The components of, and changes in, accumulated other comprehensive income/(losses), net of tax, were as follows (in millions): Foreign Currency Translation Adjustments Net Postemployment Benefit Plan Adjustments Net Cash Flow Hedge Adjustments Total Balance as of December 31, 2016 $ (2,412 ) $ 772 $ 12 $ (1,628 ) Foreign currency translation adjustments 1,181 — — 1,181 Net deferred gains/(losses) on net investment hedges (327 ) — — (327 ) Net postemployment benefit gains/(losses) arising during the period — (12 ) — (12 ) Reclassification of net postemployment benefit losses/(gains) — (260 ) — (260 ) Net deferred gains/(losses) on cash flow hedges — — (136 ) (136 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income — — 97 97 Total other comprehensive income/(loss) 854 (272 ) (39 ) 543 Balance as of September 30, 2017 $ (1,558 ) $ 500 $ (27 ) $ (1,085 ) 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) were as follows (in millions): For the Three Months Ended September 30, October 2, Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 421 $ — $ 421 $ (151 ) $ — $ (151 ) Net deferred gains/(losses) on net investment hedges (200 ) 76 (124 ) 34 — 34 Net actuarial gains/(losses) arising during the period (1 ) (3 ) (4 ) (405 ) 154 (251 ) Prior service credits/(costs) arising during the period — — — 172 (66 ) 106 Reclassification of net postemployment benefit losses/(gains) (83 ) 32 (51 ) (64 ) 25 (39 ) Net deferred gains/(losses) on cash flow hedges (76 ) 6 (70 ) 33 (2 ) 31 Net deferred losses/(gains) on cash flow hedges reclassified to net income 51 — 51 (23 ) (3 ) (26 ) For the Nine Months Ended September 30, October 2, Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 1,181 $ — $ 1,181 $ (304 ) $ — $ (304 ) Net deferred gains/(losses) on net investment hedges (568 ) 241 (327 ) 144 (65 ) 79 Net actuarial gains/(losses) arising during the period (11 ) (2 ) (13 ) (405 ) 154 (251 ) Prior service credits/(costs) arising during the period 2 (1 ) 1 172 (66 ) 106 Reclassification of net postemployment benefit losses/(gains) (423 ) 163 (260 ) (232 ) 89 (143 ) Net deferred gains/(losses) on cash flow hedges (147 ) 11 (136 ) (12 ) 11 (1 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income 96 1 97 (43 ) (1 ) (44 ) The amounts reclassified from accumulated other comprehensive income/(losses) 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/(Loss) is Presented For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Losses/(gains) on cash flow hedges: Foreign exchange contracts $ — $ — $ — $ (3 ) Net sales Foreign exchange contracts (2 ) (1 ) (5 ) (34 ) Cost of products sold Foreign exchange contracts 52 (23 ) 98 (9 ) Other expense/(income), net Interest rate contracts 1 1 3 3 Interest expense Losses/(gains) on cash flow hedges before income taxes 51 (23 ) 96 (43 ) Losses/(gains) on cash flow hedges, income taxes — (3 ) 1 (1 ) Losses/(gains) on cash flow hedges $ 51 $ (26 ) $ 97 $ (44 ) Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) $ — $ — $ 1 $ — (a) Amortization of prior service costs/(credits) (77 ) (90 ) (250 ) (252 ) (a) Settlement and curtailments losses/(gains) (6 ) 26 (174 ) 20 (a) Losses/(gains) on postemployment benefits before income taxes (83 ) (64 ) (423 ) (232 ) Losses/(gains) on postemployment benefits, income taxes 32 25 163 89 Losses/(gains) on postemployment benefits $ (51 ) $ (39 ) $ (260 ) $ (143 ) (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)	9 Months Ended
	Sep. 30, 2017
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 December 31, 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 were (in millions): Notional Amount September 30, 2017 December 31, 2016 Commodity contracts $ 332 $ 459 Foreign exchange contracts 3,753 2,997 Cross-currency contracts 2,950 3,173 Fair Value of Derivative Instruments: The fair values and the levels within the fair value hierarchy of derivative instruments recorded on the consolidated balance sheets were (in millions): September 30, 2017 Quoted Prices in Active Markets for Identical Assets and Liabilities 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 $ — $ — $ 9 $ 103 $ — $ — $ 9 $ 103 Cross-currency contracts — — 354 — — — 354 — Derivatives not designated as hedging instruments: Commodity contracts 8 14 — 1 — — 8 15 Foreign exchange contracts — — 46 — — — 46 — Cross-currency contracts — — — — — — — — Total fair value $ 8 $ 14 $ 409 $ 104 $ — $ — $ 417 $ 118 December 31, 2016 Quoted Prices in Active Markets for Identical Assets and Liabilities (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 $ — $ — $ 69 $ 13 $ — $ — $ 69 $ 13 Cross-currency contracts — — 580 36 — — 580 36 Derivatives not designated as hedging instruments: Commodity contracts 28 7 — — — — 28 7 Foreign exchange contracts — — 35 30 — — 35 30 Cross-currency contracts — — 44 — — — 44 — Total fair value $ 28 $ 7 $ 728 $ 79 $ — $ — $ 756 $ 86 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 consolidated balance sheets. If the derivative financial instruments had been netted on the consolidated balance sheets, the asset and liability positions each would have been reduced by $56 million at September 30, 2017 and $67 million at December 31, 2016 . No material amounts of collateral were received or posted on our derivative assets and liabilities at September 30, 2017 . 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 derivative assets 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: At September 30, 2017 , the principal amounts of foreign denominated debt designated as net investment hedges totaled €2,550 million and £400 million . At September 30, 2017 , 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 exchange contracts that are designated as net investment hedges. At September 30, 2017 , we had Chinese renminbi foreign exchange contracts with an aggregate USD notional amount of $208 million . Hedge Coverage: At September 30, 2017 , we had entered into contracts designated as hedging instruments, which hedge transactions for the following durations: • foreign exchange contracts for periods not exceeding the next 18 months; and • cross-currency contracts for periods not exceeding the next 27 months. At September 30, 2017 , 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 15 months; and • foreign exchange contracts for periods not exceeding the next five months. Hedge Ineffectiveness: We record pre-tax gains or losses reclassified from accumulated other comprehensive income/(losses) due to ineffectiveness for foreign exchange contracts related to forecasted transactions in other expense/(income), net. Deferred Hedging Gains and Losses: Based on our valuation at September 30, 2017 and assuming market rates remain constant through contract maturities, we expect transfers to net income/(loss) of unrealized losses for foreign currency cash flow hedges during the next 12 months to be $21 million . 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 consolidated statements of income and statements of comprehensive income: For the Three Months Ended September 30, October 2, Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Contracts Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate (in millions) Derivatives designated as hedging instruments: Cash flow hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ (76 ) $ — $ — $ — $ 33 $ — $ — Net investment hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) — (6 ) (81 ) — — — 49 — Total gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ (82 ) $ (81 ) $ — $ — $ 33 $ 49 $ — Cash flow hedges reclassified to net income/(loss): Net sales $ — $ — $ — $ — $ — $ — $ — $ — Cost of products sold (effective portion) — 2 — — — 1 — — Other expense/(income), net — (52 ) — — — 23 — — Interest expense — — — (1 ) — — — (1 ) — (50 ) — (1 ) — 24 — (1 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold 4 — — — (17 ) — — — Gains/(losses) on derivatives recognized in other expense/(income), net — 27 — — — (4 ) 2 — 4 27 — — (17 ) (4 ) 2 — Total gains/(losses) recognized in statements of income $ 4 $ (23 ) $ — $ (1 ) $ (17 ) $ 20 $ 2 $ (1 ) For the Nine Months Ended September 30, October 2, Commodity Contracts Foreign Exchange Contracts Cross-Currency Contracts Interest Rate Contracts Commodity Contracts Foreign Exchange Contracts Cross-Currency Contracts Interest Rate Contracts (in millions) Derivatives designated as hedging instruments: Cash flow hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ (147 ) $ — $ — $ — $ (4 ) $ — $ (8 ) Net investment hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) — (18 ) (177 ) — — 46 74 — Total gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ (165 ) $ (177 ) $ — $ — $ 42 $ 74 $ (8 ) Cash flow hedges reclassified to net income/(loss): Net sales $ — $ — $ — $ — $ — $ 3 $ — $ — Cost of products sold (effective portion) — 5 — — — 34 — — Other expense/(income), net — (98 ) — — — 9 — — Interest expense — — — (3 ) — — — (3 ) — (93 ) — (3 ) — 46 — (3 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold (33 ) — — — (6 ) — — — Gains/(losses) on derivatives recognized in other expense/(income), net — 55 (2 ) — — (61 ) (6 ) — (33 ) 55 (2 ) — (6 ) (61 ) (6 ) — Total gains/(losses) recognized in statements of income $ (33 ) $ (38 ) $ (2 ) $ (3 ) $ (6 ) $ (15 ) $ (6 ) $ (3 ) Related to our non-derivative, foreign denominated debt instruments designated as net investment hedges, we recognized pre-tax losses of $113 million for the three months and $373 million for the nine months ended September 30, 2017 , and we recognized a pre-tax loss of $15 million for the three months and a pre-tax gain of $24 million for the nine months ended October 2, 2016 . These amounts were recognized in other comprehensive income/(loss) for the periods then ended.

Financing Arrangements (Notes)

Financing Arrangements (Notes)	9 Months Ended
	Sep. 30, 2017
Transfers and Servicing [Abstract]
Financing Arrangements	Financing Arrangements We utilize accounts receivable securitization and factoring programs (the “Programs”) globally for our working capital needs and to provide efficient liquidity. We operate these Programs such that we generally utilize the majority of the available aggregate cash consideration limits. We account for transfers of receivables pursuant to the Programs as a sale and remove them from our condensed consolidated balance sheets. Under the Programs, we generally receive cash consideration up to a certain limit and record a non-cash exchange for sold receivables for the remainder of the purchase price. We maintain a “beneficial interest,” or a right to collect cash, in the sold receivables. Cash receipts from the payments on sold receivables (which are cash receipts on the underlying trade receivables that have already been securitized in these Programs) are classified as investing activities and presented as cash receipts on sold receivables on our condensed consolidated statements of cash flows. These cash receipts represent the consideration received for beneficial interest obtained for transferring trade receivables in securitization transactions. The carrying value of trade receivables removed from our condensed consolidated balance sheets in connection with the Programs was $1.1 billion at September 30, 2017 and $1.0 billion at December 31, 2016 . The carrying value of the sold receivables, which approximated the fair value, was $427 million at September 30, 2017 and $129 million at December 31, 2016 . See Note 14, Financing Arrangements , to our consolidated financial statements for the year ended December 31, 2016 in our Annual Report on Form 10-K for additional information on the Programs.

Venezuela - Foreign Currency an

Venezuela - Foreign Currency and Inflation (Notes)	9 Months Ended
	Sep. 30, 2017
Foreign Currency [Abstract]
Venezuela - Foreign Currency and Inflation	Venezuela - Foreign Currency and Inflation We apply highly inflationary accounting to the results of our Venezuelan subsidiary and include these results in our consolidated financial statements. Our results of operations in Venezuela reflect a controlled subsidiary. We continue to have sufficient currency liquidity and pricing flexibility to run our operations. 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. At September 30, 2017 , 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 the Sistema de Divisa Protegida (“DIPRO”), which is available for purchases and sales of essential items, including food products; and • an alternative exchange rate available through the Sistema de Divisa Complementaria (“DICOM”), which is available for all transactions not covered by DIPRO. We have had no settlements at the DIPRO rate of BsF 10 per U.S. dollar in 2017. At September 30, 2017 , we had outstanding requests of $26 million for payment of invoices for the purchase of ingredients and packaging materials for the years 2012 through 2015, all of which were requested for payment at BsF 6.30 per U.S. dollar (the official exchange rate until March 10, 2016). We have had access to U.S. dollars at DICOM rates in 2017. As of September 30, 2017 , we believe the DICOM rate is the most appropriate legally available rate at which to translate the results of our Venezuelan subsidiary. In the second quarter of 2017, the Venezuelan government implemented changes to move DICOM from a free-floating exchange format to an auction-based system. The first auction in May 2017 resulted in a new published exchange rate of BsF 2,010 per U.S. dollar. Since then, the DICOM rate has increasingly deteriorated and was BsF 3,345 at September 30, 2017 . Published DICOM rates averaged BsF 3,030 per U.S. dollar for the three months and BsF 1,707 per U.S. dollar for the nine months ended September 30, 2017 . During the nine months ended September 30, 2017 and October 2, 2016 , we remeasured the monetary assets and liabilities, as well as the operating results, of our Venezuelan subsidiary at DICOM rates. These remeasurements resulted in a nonmonetary currency devaluation loss of $3 million for the three months and $36 million for the nine months ended September 30, 2017 , and a gain of $6 million for the three months and a loss of $1 million for the nine months ended October 2, 2016 . These amounts were recorded in other expense/(income), net, in the condensed consolidated statements of income for the periods then ended. In the second quarter of 2016, 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 periods then ended. We continue to monitor the DICOM rate, and the nonmonetary assets supported by the underlying operations in Venezuela, for impairment.

Commitments, Contingencies and

Commitments, Contingencies and Debt (Notes)	9 Months Ended
	Sep. 30, 2017
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 (formerly known as Kraft Foods Inc.) 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: We had commercial paper outstanding of $443 million at September 30, 2017 and $642 million at December 31, 2016 . See Note 11, Debt , to our consolidated financial statements for the year ended December 31, 2016 in our Annual Report on Form 10-K for additional information on our borrowing arrangements. Debt Issuances: In the third quarter of 2017, Kraft Heinz Foods Company, our wholly owned operating subsidiary, issued $350 million aggregate principal amount of floating rate senior notes due 2019, $650 million aggregate principal amount of floating rate senior notes due 2021, and $500 million aggregate principal amount of floating rate senior notes due 2022 (collectively, the “New Notes”). We used the net proceeds from the New Notes primarily to repay all amounts outstanding under our $600 million senior unsecured loan facility (“Term Loan Facility”) together with accrued interest thereon, to refinance a portion of our commercial paper program, and for other general corporate purposes. The New Notes are fully and unconditionally guaranteed as to payment of principal, premium, and interest on a senior unsecured basis. Debt Issuance Costs: Debt issuance costs related to the sale of the New Notes in the third quarter of 2017 were insignificant. Debt issuance costs are reflected as a direct deduction of our long-term debt balance on the condensed consolidated balance sheets. In the second quarter of 2016, we issued long-term debt and used the proceeds to redeem all outstanding shares of our 9.00% cumulative compounding preferred stock, Series A (“Series A Preferred Stock”) on June 7, 2016. The related debt issuance costs were $52 million . Debt Repayments: In the second quarter of 2017, we repaid $2.0 billion aggregate principal amount of senior notes that matured in the period. We funded these long-term debt repayments primarily with cash on hand and our commercial paper programs. Additionally, in the third quarter of 2017, we repaid our $600 million aggregate principal amount Term Loan Facility. Fair Value of Debt: At September 30, 2017 , the aggregate fair value of our total debt was $32.9 billion as compared with a carrying value of $31.5 billion . At December 31, 2016 , the aggregate fair value of our total debt was $33.2 billion as compared with a carrying value of $32.4 billion . Our short-term debt and commercial paper had carrying values that approximated their fair values at September 30, 2017 and December 31, 2016 . 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, in the second quarter of 2016, we redeemed all outstanding shares of our Series A Preferred Stock. We funded this redemption primarily through the issuance of long-term debt, 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, and we no longer pay any associated dividends.

Earnings Per Share (Notes)

Earnings Per Share (Notes)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Our earnings per common share (“EPS”) were: For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, (in millions, except per share data) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 944 $ 842 $ 2,996 $ 2,508 Weighted average shares of common stock outstanding 1,218 1,218 1,218 1,216 Net earnings/(loss) $ 0.78 $ 0.69 $ 2.46 $ 2.06 Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 944 $ 842 $ 2,996 $ 2,508 Weighted average shares of common stock outstanding 1,218 1,218 1,218 1,216 Effect of dilutive equity awards 10 10 11 10 Weighted average shares of common stock outstanding, including dilutive effect 1,228 1,228 1,229 1,226 Net earnings/(loss) $ 0.77 $ 0.69 $ 2.44 $ 2.05 We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 2 million for the three months and 1 million for the nine months ended September 30, 2017 and were 1 million for the three months and 3 million for the nine months ended October 2, 2016 .

Segment Reporting (Notes)

Segment Reporting (Notes)	9 Months Ended
	Sep. 30, 2017
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 two operating segments: Latin America; and Asia Pacific, Middle East, and Africa (“AMEA”). In the fourth quarter of 2016, we reorganized our segments to reflect the following: • our Russia business moved from Rest of World to the Europe segment; and • management of our Global Procurement Office moved from one of our European subsidiaries to our global headquarters, which resulted in moving the related costs from the Europe segment to general corporate expenses. These changes are reflected in all historical periods presented and did not have a material impact on our condensed consolidated financial statements. See Note 18, Segment Reporting , to our consolidated financial statements for the year ended December 31, 2016 in our Annual Report on Form 10-K for additional information related to these changes. In the third quarter of 2017, we announced our plans to reorganize certain of our international businesses to better align our global geographies. These plans include moving our Middle East and Africa businesses from the AMEA operating segment into the Europe reportable segment, forming the Europe, Middle East, and Africa (“EMEA”) operating segment. The remaining AMEA businesses will become the Asia Pacific (“APAC”) operating segment. We expect these changes to become effective on December 30, 2017. As a result, we expect to restate our Europe and Rest of World segments to reflect these changes for historical periods presented as of December 30, 2017. 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 is a tool that can assist management and investors in comparing our performance on a consistent basis by removing the impact of certain items that management believes do not directly reflect our underlying 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/(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, and nonmonetary currency devaluation (e.g., remeasurement gains and losses). Management does not use assets by segment to evaluate performance or allocate resources. Therefore, we do not disclose assets by segment. Net sales by segment were (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Net sales: United States $ 4,380 $ 4,395 $ 13,566 $ 13,802 Canada 559 550 1,599 1,692 Europe 599 558 1,737 1,766 Rest of World 776 764 2,453 2,370 Total net sales $ 6,314 $ 6,267 $ 19,355 $ 19,630 Segment Adjusted EBITDA was (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Segment Adjusted EBITDA: United States $ 1,440 $ 1,349 $ 4,478 $ 4,360 Canada 162 148 477 491 Europe 206 191 578 592 Rest of World 149 145 475 513 General corporate expenses (28 ) (30 ) (93 ) (115 ) Depreciation and amortization (excluding integration and restructuring expenses) (165 ) (116 ) (434 ) (401 ) Integration and restructuring expenses (95 ) (237 ) (237 ) (781 ) Merger costs — (4 ) — (33 ) Unrealized gains/(losses) on commodity hedges 5 (22 ) (24 ) 23 Impairment losses (1 ) — (49 ) (53 ) Nonmonetary currency devaluation — (1 ) — (4 ) Equity award compensation expense (excluding integration and restructuring expenses) (12 ) (10 ) (38 ) (30 ) Operating income 1,661 1,413 5,133 4,562 Interest expense 306 311 926 824 Other expense/(income), net (4 ) (3 ) 8 (5 ) Income/(loss) before income taxes $ 1,359 $ 1,105 $ 4,199 $ 3,743 In the first quarter of 2017, 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 (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Condiments and sauces $ 1,568 $ 1,562 $ 4,791 $ 4,886 Cheese and dairy 1,283 1,288 3,901 4,004 Ambient meals 571 577 1,695 1,726 Frozen and chilled meals 642 642 1,934 1,895 Meats and seafood 663 670 2,018 2,093 Refreshment beverages 371 368 1,180 1,218 Coffee 331 337 1,021 1,076 Infant and nutrition 176 171 575 577 Desserts, toppings and baking 220 216 649 661 Nuts and salted snacks 202 237 686 752 Other 287 199 905 742 Total net sales $ 6,314 $ 6,267 $ 19,355 $ 19,630

Supplemental Financial Informat

Supplemental Financial Information (Notes)	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Financial Information	Supplemental Financial Information We fully and unconditionally guarantee the notes issued by our 100% owned operating subsidiary, Kraft Heinz Foods Company. See Note 11, Debt, to our consolidated financial statements for the year ended December 31, 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 the 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 September 30, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,170 $ 2,286 $ (142 ) $ 6,314 Cost of products sold — 2,601 1,541 (142 ) 4,000 Gross profit — 1,569 745 — 2,314 Selling, general and administrative expenses — 155 498 — 653 Intercompany service fees and other recharges — 776 (776 ) — — Operating income — 638 1,023 — 1,661 Interest expense — 296 10 — 306 Other expense/(income), net — 23 (27 ) — (4 ) Income/(loss) before income taxes — 319 1,040 — 1,359 Provision for/(benefit from) income taxes — (11 ) 427 — 416 Equity in earnings of subsidiaries 944 614 — (1,558 ) — Net income/(loss) 944 944 613 (1,558 ) 943 Net income/(loss) attributable to noncontrolling interest — — (1 ) — (1 ) Net income/(loss) excluding noncontrolling interest $ 944 $ 944 $ 614 $ (1,558 ) $ 944 Comprehensive income/(loss) excluding noncontrolling interest $ 1,167 $ 1,167 $ 1,165 $ (2,332 ) $ 1,167 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Three Months Ended October 2, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,206 $ 2,233 $ (172 ) $ 6,267 Cost of products sold — 2,700 1,521 (172 ) 4,049 Gross profit — 1,506 712 — 2,218 Selling, general and administrative expenses — 194 611 — 805 Intercompany service fees and other recharges — 795 (795 ) — — Operating income — 517 896 — 1,413 Interest expense — 294 17 — 311 Other expense/(income), net — (20 ) 17 — (3 ) Income/(loss) before income taxes — 243 862 — 1,105 Provision for/(benefit from) income taxes — (199 ) 461 — 262 Equity in earnings of subsidiaries 842 400 — (1,242 ) — Net income/(loss) 842 842 401 (1,242 ) 843 Net income/(loss) attributable to noncontrolling interest — — 1 — 1 Net income/(loss) excluding noncontrolling interest $ 842 $ 842 $ 400 $ (1,242 ) $ 842 Comprehensive income/(loss) excluding noncontrolling interest $ 547 $ 547 $ 285 $ (832 ) $ 547 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Nine Months Ended September 30, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 12,941 $ 6,856 $ (442 ) $ 19,355 Cost of products sold — 7,825 4,676 (442 ) 12,059 Gross profit — 5,116 2,180 — 7,296 Selling, general and administrative expenses — 504 1,659 — 2,163 Intercompany service fees and other recharges — 3,205 (3,205 ) — — Operating income — 1,407 3,726 — 5,133 Interest expense — 895 31 — 926 Other expense/(income), net — (8 ) 16 — 8 Income/(loss) before income taxes — 520 3,679 — 4,199 Provision for/(benefit from) income taxes — (92 ) 1,297 — 1,205 Equity in earnings of subsidiaries 2,996 2,384 — (5,380 ) — Net income/(loss) 2,996 2,996 2,382 (5,380 ) 2,994 Net income/(loss) attributable to noncontrolling interest — — (2 ) — (2 ) Net income/(loss) excluding noncontrolling interest $ 2,996 $ 2,996 $ 2,384 $ (5,380 ) $ 2,996 Comprehensive income/(loss) excluding noncontrolling interest $ 3,539 $ 3,539 $ 4,351 $ (7,890 ) $ 3,539 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Nine Months Ended October 2, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 13,156 $ 6,948 $ (474 ) $ 19,630 Cost of products sold — 8,273 4,704 (474 ) 12,503 Gross profit — 4,883 2,244 — 7,127 Selling, general and administrative expenses — 778 1,787 — 2,565 Intercompany service fees and other recharges — 3,320 (3,320 ) — — Operating income — 785 3,777 — 4,562 Interest expense — 782 42 — 824 Other expense/(income), net — 66 (71 ) — (5 ) Income/(loss) before income taxes — (63 ) 3,806 — 3,743 Provision for/(benefit from) income taxes — (349 ) 1,394 — 1,045 Equity in earnings of subsidiaries 2,688 2,402 — (5,090 ) — Net income/(loss) 2,688 2,688 2,412 (5,090 ) 2,698 Net income/(loss) attributable to noncontrolling interest — — 10 — 10 Net income/(loss) excluding noncontrolling interest $ 2,688 $ 2,688 $ 2,402 $ (5,090 ) $ 2,688 Comprehensive income/(loss) excluding noncontrolling interest $ 2,131 $ 2,131 $ 2,013 $ (4,144 ) $ 2,131 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of September 30, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 217 $ 1,224 $ — $ 1,441 Trade receivables — 4 934 — 938 Receivables due from affiliates 725 205 (930 ) — Dividends due from affiliates 101 — — (101 ) — Sold receivables — — 427 — 427 Inventories — 2,087 1,101 — 3,188 Short-term lending due from affiliates — 2,098 3,513 (5,611 ) — Other current assets — 3,229 391 (2,386 ) 1,234 Total current assets 101 8,360 7,795 (9,028 ) 7,228 Property, plant and equipment, net — 4,506 2,428 — 6,934 Goodwill — 11,067 33,791 — 44,858 Investments in subsidiaries 58,759 72,096 — (130,855 ) — Intangible assets, net — 3,258 56,242 — 59,500 Long-term lending due from affiliates — 1,700 2,000 (3,700 ) — Other assets — 499 1,032 — 1,531 TOTAL ASSETS $ 58,860 $ 101,486 $ 103,288 $ (143,583 ) $ 120,051 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 443 $ 12 $ — $ 455 Current portion of long-term debt — 2,583 172 — 2,755 Short-term lending due to affiliates — 3,513 2,098 (5,611 ) — Trade payables — 2,324 1,623 — 3,947 Payables due to affiliates — 205 725 (930 ) — Accrued marketing — 124 369 — 493 Accrued postemployment costs — 84 74 — 158 Income taxes payable — — 2,555 (2,386 ) 169 Interest payable — 284 11 — 295 Dividends due to affiliates — 101 — (101 ) — Other current liabilities 101 497 517 — 1,115 Total current liabilities 101 10,158 8,156 (9,028 ) 9,387 Long-term debt — 27,396 903 — 28,299 Long-term borrowings due to affiliates — 2,000 1,921 (3,921 ) — Deferred income taxes — 1,368 19,530 — 20,898 Accrued postemployment costs — 1,508 300 — 1,808 Other liabilities — 297 391 — 688 TOTAL LIABILITIES 101 42,727 31,201 (12,949 ) 61,080 Total shareholders’ equity 58,759 58,759 71,875 (130,634 ) 58,759 Noncontrolling interest — — 212 — 212 TOTAL EQUITY 58,759 58,759 72,087 (130,634 ) 58,971 TOTAL LIABILITIES AND EQUITY $ 58,860 $ 101,486 $ 103,288 $ (143,583 ) $ 120,051 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of December 31, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 2,830 $ 1,374 $ — $ 4,204 Trade receivables — 12 757 — 769 Receivables due from affiliates — 712 111 (823 ) — Dividends due from affiliates 39 — — (39 ) — Sold receivables — — 129 — 129 Inventories — 1,759 925 — 2,684 Short-term lending due from affiliates — 1,722 2,956 (4,678 ) — Other current assets — 2,229 447 (1,709 ) 967 Total current assets 39 9,264 6,699 (7,249 ) 8,753 Property, plant and equipment, net — 4,447 2,241 — 6,688 Goodwill — 11,067 33,058 — 44,125 Investments in subsidiaries 57,358 70,877 — (128,235 ) — Intangible assets, net — 3,364 55,933 — 59,297 Long-term lending due from affiliates — 1,700 2,000 (3,700 ) — Other assets — 501 1,116 — 1,617 TOTAL ASSETS $ 57,397 $ 101,220 $ 101,047 $ (139,184 ) $ 120,480 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 642 $ 3 $ — $ 645 Current portion of long-term debt — 2,032 14 — 2,046 Short-term lending due to affiliates — 2,956 1,722 (4,678 ) — Trade payables — 2,376 1,620 — 3,996 Payables due to affiliates — 111 712 (823 ) — Accrued marketing — 277 472 — 749 Accrued postemployment costs — 144 13 — 157 Income taxes payable — — 1,964 (1,709 ) 255 Interest payable — 401 14 — 415 Dividends due to affiliates — 39 — (39 ) — Other current liabilities 39 588 611 — 1,238 Total current liabilities 39 9,566 7,145 (7,249 ) 9,501 Long-term debt — 28,736 977 — 29,713 Long-term borrowings due to affiliates — 2,000 1,902 (3,902 ) — Deferred income taxes — 1,382 19,466 — 20,848 Accrued postemployment costs — 1,754 284 — 2,038 Other liabilities — 424 382 — 806 TOTAL LIABILITIES 39 43,862 30,156 (11,151 ) 62,906 Total shareholders’ equity 57,358 57,358 70,675 (128,033 ) 57,358 Noncontrolling interest — — 216 — 216 TOTAL EQUITY 57,358 57,358 70,891 (128,033 ) 57,574 TOTAL LIABILITIES AND EQUITY $ 57,397 $ 101,220 $ 101,047 $ (139,184 ) $ 120,480 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2017 (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 $ 2,161 $ 1,185 $ (1,169 ) $ (2,161 ) $ 16 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 1,633 — 1,633 Capital expenditures — (622 ) (334 ) — (956 ) Net proceeds from/(payments on) intercompany lending activities — 59 (267 ) 208 — Additional investments in subsidiaries (15 ) — — 15 — Other investing activities, net — 54 (7 ) — 47 Net cash provided by/(used for) investing activities (15 ) (509 ) 1,025 223 724 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (2,625 ) (11 ) — (2,636 ) Proceeds from issuance of long-term debt — 1,496 — — 1,496 Proceeds from issuance of commercial paper — 5,495 — — 5,495 Repayments of commercial paper — (5,709 ) — — (5,709 ) Net proceeds from/(payments on) intercompany borrowing activities — 267 (59 ) (208 ) — Dividends paid-common stock (2,161 ) (2,161 ) — 2,161 (2,161 ) Other intercompany capital stock transactions — 15 — (15 ) — Other financing activities, net 15 (6 ) 17 — 26 Net cash provided by/(used for) financing activities (2,146 ) (3,228 ) (53 ) 1,938 (3,489 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — 43 — 43 Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (2,552 ) (154 ) — (2,706 ) Balance at beginning of period — 2,869 1,386 — 4,255 Balance at end of period $ — $ 317 $ 1,232 $ — $ 1,549 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Nine Months Ended October 2, 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 $ 1,636 $ 1,821 $ (805 ) $ (1,636 ) $ 1,016 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 1,850 — 1,850 Capital expenditures — (605 ) (231 ) — (836 ) Net proceeds from/(payments on) intercompany lending activities — 565 (74 ) (491 ) — Additional investments in subsidiaries — (10 ) — 10 — Return of capital 8,987 — — (8,987 ) — Other investing activities, net — 100 (30 ) — 70 Net cash provided by/(used for) investing activities 8,987 50 1,515 (9,468 ) 1,084 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (69 ) (5 ) — (74 ) Proceeds from issuance of long-term debt — 6,978 3 — 6,981 Proceeds from issuance of commercial paper — 4,296 — — 4,296 Repayments of commercial paper — (3,660 ) — — (3,660 ) Net proceeds from/(payments on) intercompany borrowing activities — 74 (565 ) 491 — Dividends paid-Series A Preferred Stock (180 ) — — — (180 ) Dividends paid-common stock (2,123 ) (2,303 ) — 2,303 (2,123 ) Redemption of Series A Preferred Stock (8,320 ) — — — (8,320 ) Other intercompany capital stock transactions — (8,320 ) 10 8,310 — Other financing activities, net — 50 6 — 56 Net cash provided by/(used for) financing activities (10,623 ) (2,954 ) (551 ) 11,104 (3,024 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — (17 ) — (17 ) Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (1,083 ) 142 — (941 ) Balance at beginning of period — 3,253 1,659 — 4,912 Balance at end of period $ — $ 2,170 $ 1,801 $ — $ 3,971 The following tables provide a reconciliation of cash and cash equivalents, as reported on our unaudited condensed consolidating balance sheets, to cash, cash equivalents, and restricted cash, as reported on our unaudited condensed consolidating statements of cash flows (in millions): September 30, 2017 Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Cash and cash equivalents $ — $ 217 $ 1,224 $ — $ 1,441 Restricted cash included in other assets (current) — 100 8 — 108 Cash, cash equivalents, and restricted cash $ — $ 317 $ 1,232 $ — $ 1,549 December 31, 2016 Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Cash and cash equivalents $ — $ 2,830 $ 1,374 $ — $ 4,204 Restricted cash included in other assets (current) — 39 3 — 42 Restricted cash included in other assets (noncurrent) — — 9 — 9 Cash, cash equivalents, and restricted cash $ — $ 2,869 $ 1,386 $ — $ 4,255

Background and Basis of Prese24

Background and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 fairly state our results for the periods presented. The condensed consolidated balance sheet data at December 31, 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 December 31, 2016 . The results for interim periods are not necessarily indicative of future or annual results.
New Accounting Pronouncements	Accounting Standards Adopted in the Current Year: In March 2016, the Financial Accounting Standards Board (the “FASB”) issued accounting standards update (“ASU”) 2016-09 related to equity-based award accounting and presentation. Under this guidance, excess tax benefits upon the exercise of share- based payment awards are recognized in our tax provision rather than within equity. Cash flows related to excess tax benefits are classified as operating activities rather than financing activities. Additionally, cash flows related to employee tax withholdings on restricted share vesting are classified as financing activities. This ASU became effective in the first quarter of 2017. We adopted the guidance related to excess tax benefits on a prospective basis. As a result, we recognized a tax benefit in our condensed consolidated statement of income of $3 million for the three months and $19 million for the nine months ended September 30, 2017 related to our excess tax benefits upon the exercise of share-based payment awards. We retrospectively adopted the guidance related to cash flow classification of employee tax withholdings on restricted share vesting. This guidance did not have a material impact on our condensed consolidated statement of cash flows for the nine months ended October 2, 2016 or on our consolidated statement of cash flows for the year ended December 31, 2016. Our equity award compensation cost continues to reflect estimated forfeitures. In August 2016, the FASB issued ASU 2016-15 related to the classification of certain cash payments and cash receipts on the statement of cash flows. This ASU provided guidance on eight specific cash flow classification matters, which must be adopted in the same period using a retrospective transition method. We early adopted this ASU in the first quarter of 2017. We now classify consideration received for beneficial interest obtained for transferring trade receivables in securitization transactions as investing activities instead of operating activities. Accordingly, we reclassified $1.9 billion of cash receipts from the payments on sold receivables (which are cash receipts on the underlying trade receivables that have already been securitized) to cash provided by investing activities (from cash provided by operating activities) for the nine months ended October 2, 2016. The related impact on our consolidated statement of cash flows for the year ended December 31, 2016 was $2.6 billion . In connection with the adoption of ASU 2016-15, we also corrected other immaterial cash flow misstatements within operating activities, which overstated the amount of beneficial interest obtained in the non-cash exchange from the securitization of trade receivables. Additionally, we now classify cash payments for debt prepayment and debt extinguishment costs as cash outflows from financing activities rather than cash outflows from operating activities, which had no impact our condensed consolidated statements of cash flows for the nine months ended October 2, 2016 or our consolidated statement of cash flows for the year ended December 31, 2016. In November 2016, the FASB issued ASU 2016-18 requiring the statement of cash flows to explain the change in restricted cash and restricted cash equivalents, in addition to cash and cash equivalents. We early adopted this ASU in the first quarter of 2017. Accordingly, we restated our cash and cash equivalents balances in the condensed consolidated statements of cash flows to include restricted cash of $51 million at December 31, 2016 , $51 million at October 2, 2016 , and $75 million at January 3, 2016 . Additionally, cash used for investing activities increased by $24 million for the nine months ended October 2, 2016 and increased by $24 million for the year ended December 31, 2016. As required by the ASU, we have provided a reconciliation from cash and cash equivalents as presented on our condensed consolidated balance sheets to cash, cash equivalents, and restricted cash as reported on our condensed consolidated statements of cash flows. See Note 3, Restricted Cash , for this reconciliation, as well as a discussion of the nature of our restricted cash balances. Recently Issued Accounting Standards: In May 2014, the FASB issued ASU 2014-09, which 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 to 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 using a full retrospective method or a modified retrospective transition method, with a cumulative-effect adjustment as of the date of adoption. We currently expect the impact of this guidance to be immaterial to our financial statements and related disclosures. We will adopt this ASU using the full retrospective method on the first day of our fiscal year 2018. In February 2016, the FASB issued ASU 2016-02, which 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 sheets 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. While we are still evaluating the impact this ASU will have on our financial statements and related disclosures, we have completed our scoping reviews and have made progress in our assessment phase. We have identified our significant leases by geography and by asset type as well as our leasing processes which will be impacted by the new standard. We have also made progress in developing the policy elections we will make upon adoption. We expect that our financial statement disclosures will be expanded to present additional details of our leasing arrangements. At this time, we are unable to reasonably estimate the expected increase in assets and liabilities on our condensed consolidated balance sheets upon adoption. We will adopt this ASU on the first day of our fiscal year 2019. In October 2016, the FASB issued ASU 2016-16 related to the income tax accounting impacts of intra-entity transfers of assets other than inventory , such as intellectual property and property, plant and equipment. Under the new accounting guidance, current and deferred income taxes should be recognized upon transfer of the assets. Previously, recognition of current and deferred income taxes was prohibited until the asset was sold to an external party. This ASU will be effective beginning in the first quarter of our fiscal year 2018. Early adoption is permitted but must be adopted in the first interim period of the annual period for which the ASU is adopted. The new guidance must be adopted on a modified retrospective basis through a cumulative-effect adjustment to retained earnings as of the beginning of the adoption period. We will adopt this ASU on the first day of our fiscal year 2018. While we are still evaluating the impact of this ASU, we currently anticipate a cumulative effect adjustment to retained earnings of approximately $100 million upon adoption. In January 2017, the FASB issued ASU 2017-04 related to goodwill impairment testing. This ASU eliminates Step 2 from the goodwill impairment test. Under the new guidance, if a reporting unit’s carrying amount exceeds its fair value, the entity will record an impairment charge based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. Previously, if the fair value of a reporting unit was lower than its carrying amount (Step 1), an entity was required to calculate any impairment charge by comparing the implied fair value of goodwill with its carrying amount (Step 2). Additionally, under the new standard, entities that have reporting units with zero or negative carrying amounts will no longer be required to perform the qualitative assessment to determine whether to perform Step 2 of the goodwill impairment test. As a result, reporting units with zero or negative carrying amounts will generally be expected to pass the simplified impairment test; however, additional disclosure will be required of those entities. This ASU will be effective beginning in the first quarter of our fiscal year 2020. Early adoption is permitted for annual and interim goodwill impairment testing dates after January 1, 2017. The new guidance must be adopted on a prospective basis. While we are still evaluating the timing of adoption, we currently do not expect this ASU to have a material impact on our financial statements and related disclosures. In March 2017, the FASB issued ASU 2017-07 related to the presentation of net periodic benefit cost (pension and postretirement cost) . This ASU will be effective beginning in the first quarter of our fiscal year 2018. Under the new guidance, the service cost component of net periodic benefit cost must be presented in the same statement of income line item as other employee compensation costs arising from services rendered by employees during the period. Other components of net periodic benefit cost must be disaggregated from the service cost component in the statements of income and must be presented outside the operating income subtotal. Additionally, only the service cost component will be eligible for capitalization in assets. The new guidance must be applied retrospectively for the statement of income presentation of service cost components and other net periodic benefit cost components and prospectively for the capitalization of service cost components. There is a practical expedient that allows us to use historical amounts disclosed in our Postemployment Benefits footnote as an estimation basis for retrospectively applying the statement of income presentation requirements. We plan to use this practical expedient when we adopt this ASU on the first day of our fiscal year 2018. The retrospective impact of adopting ASU 2017-07 in 2018 is expected to be (in millions): For the Three Months Ended For the Nine Months Ended For the Year Ended September 30, October 2, September 30, October 2, December 31, Increase/(decrease) to cost of products sold $ 109 $ 81 $ 455 $ 259 $ 373 Increase/(decrease) to selling, general and administrative expenses 14 14 63 66 93 Increase/(decrease) to operating income (a) (123 ) (95 ) (518 ) (325 ) (466 ) (a) Includes amortization of prior service costs/(credits), curtailments, special/contractual termination benefits, and certain settlements. These components of net pension and postretirement cost/(benefit) totaled approximately $(80) million for the three months and $(400) million for the nine months ended September 30, 2017 , approximately $(70) million for the three months and $(240) million for the nine months ended October 2, 2016 , and approximately $(340) million for the year ended December 31, 2016 . In August 2017, the FASB issued ASU 2017-12 related to accounting for hedging activities. This guidance will impact the accounting for our financial (i.e., foreign exchange and interest rate) and non-financial (i.e., commodity) hedging activities. Key components of this ASU that could impact us are as follows: • Grants the ability to hedge the risk associated with the change in a contractually specified component of the purchase or sale of a non-financial item instead of the total contractual price, which could allow more commodity contracts to qualify for hedge accounting; • Requires us to defer the entire change in value of the derivative, including the effective and ineffective portion, into other comprehensive income until the hedged item impacts net income. When released, the deferred hedge gains and losses, including the ineffective portion, will be recognized in the same statement of income line affected by the hedged item; • Allows us to recognize changes in the fair value of excluded components in other comprehensive income (which will be amortized into net income over the life of the derivative) or in net income in the related period; • Changes hedge effectiveness testing, including timing and allowable methods of testing; and, • Requires additional tabular disclosures in the footnotes to the financial statements. The method for adopting the revised standard is modified retrospective. This ASU will be effective beginning in the first quarter of our fiscal year 2019; however, early adoption is permitted, including in an interim period. We are currently evaluating the timing of adoption and the impact this ASU will have on our financial statements and related disclosures.

Integration and Restructuring25

Integration and Restructuring Expenses (Tables)	9 Months Ended
	Sep. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring Costs by Type and Income Statement Location	Total expenses related to the Integration Program and restructuring activities recorded in cost of products sold and selling, general and administrative expenses were (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Severance and employee benefit costs - COGS $ (22 ) $ 14 $ (139 ) $ 43 Severance and employee benefit costs - SG&A (3 ) 43 38 89 Asset-related costs - COGS 34 89 134 368 Asset-related costs - SG&A 8 9 21 35 Other costs - COGS 68 49 129 121 Other costs - SG&A 10 33 54 125 $ 95 $ 237 $ 237 $ 781
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 Nine Months Ended September 30, October 2, September 30, October 2, United States $ 75 $ 161 $ 118 $ 607 Canada (3 ) 16 21 43 Europe 6 5 45 33 Rest of World — — 11 — General corporate expenses 17 55 42 98 $ 95 $ 237 $ 237 $ 781
Integration Program
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Reserve by Type of Cost	Our liability balance for Integration Program costs that qualify as exit and disposal costs under U.S. GAAP (i.e., severance and employee benefit costs and other exit costs), was (in millions): Severance and Employee Benefit Costs Other Exit Costs (a) Total Balance at December 31, 2016 $ 99 $ 10 $ 109 Charges/(credits) (138 ) 15 (123 ) Cash payments (55 ) (3 ) (58 ) Non-cash utilization 138 (3 ) 135 Balance at September 30, 2017 $ 44 $ 19 $ 63 (a) Other exit costs primarily consist of lease and contract terminations.
Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring Reserve by Type of Cost	Our liability balance for restructuring project costs that qualify as exit and disposal costs under U.S. GAAP (i.e., severance and employee benefit costs and other exit costs), was (in millions): Severance and Employee Benefit Costs Other Exit Costs (a) Total Balance at December 31, 2016 $ 12 $ 25 $ 37 Charges/(credits) 37 10 47 Cash payments (32 ) (6 ) (38 ) Non-cash utilization (7 ) — (7 ) Balance at September 30, 2017 $ 10 $ 29 $ 39 (a) Other exit costs primarily consist of lease and contract terminations.

Restricted Cash (Tables)

Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2017
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Reconciliation from Cash and Cash Equivalents to Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash and cash equivalents, as reported on our condensed consolidated balance sheets, to cash, cash equivalents, and restricted cash, as reported on our condensed consolidated statements of cash flows (in millions): September 30, 2017 December 31, 2016 Cash and cash equivalents $ 1,441 $ 4,204 Restricted cash included in other assets (current) 108 42 Restricted cash included in other assets (noncurrent) — 9 Cash, cash equivalents, and restricted cash $ 1,549 $ 4,255

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following (in millions): September 30, 2017 December 31, 2016 Packaging and ingredients $ 713 $ 542 Work in process 464 388 Finished product 2,011 1,754 Inventories $ 3,188 $ 2,684

Goodwill and Intangible Asset28

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the carrying amount of goodwill	Changes in the carrying amount of goodwill, by segment, were (in millions): United States Canada Europe Rest of World Total Balance at December 31, 2016 $ 33,696 $ 4,913 $ 2,778 $ 2,738 $ 44,125 Translation adjustments and other — 379 250 104 733 Balance at September 30, 2017 $ 33,696 $ 5,292 $ 3,028 $ 2,842 $ 44,858
Changes in the carrying amount of indefinite-lived intangible assets	Indefinite-lived intangible assets, which primarily consisted of trademarks, were (in millions): Balance at December 31, 2016 $ 53,307 Translation adjustments 380 Impairment losses on indefinite-lived intangible assets (48 ) Balance at September 30, 2017 $ 53,639
Schedule of definite-lived intangible assets by major asset class	Definite-lived intangible assets were (in millions): September 30, 2017 December 31, 2016 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trademarks $ 2,381 $ (256 ) $ 2,125 $ 2,337 $ (172 ) $ 2,165 Customer-related assets 4,230 (502 ) 3,728 4,184 (369 ) 3,815 Other 14 (6 ) 8 13 (3 ) 10 $ 6,625 $ (764 ) $ 5,861 $ 6,534 $ (544 ) $ 5,990

Employees' Stock Incentive Pl29

Employees' Stock Incentive Plans (Tables)	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Option Activity	Our stock option activity and related information was: Number of Stock Options Weighted Average Exercise Price Outstanding at December 31, 2016 20,560,140 $ 37.39 Granted 1,572,848 89.01 Forfeited (559,109 ) 48.13 Exercised (2,005,638 ) 32.94 Outstanding at September 30, 2017 19,568,241 41.69
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) Outstanding at December 31, 2016 806,744 $ 71.95 Granted 1,678,110 85.03 Forfeited (191,072 ) 82.85 Vested (136,272 ) 72.96 Outstanding at September 30, 2017 2,157,510 81.10

Postemployment Benefits (Tables

Postemployment Benefits (Tables)	9 Months Ended
	Sep. 30, 2017
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Components of Net Cost/(Benefit)	Net pension cost/(benefit) consisted of the following (in millions): For the Three Months Ended For the Nine Months Ended U.S. Plans Non-U.S. Plans U.S. Plans Non-U.S. Plans September 30, October 2, September 30, October 2, September 30, October 2, September 30, October 2, Service cost $ 3 $ 3 $ 5 $ 6 $ 8 $ 10 $ 13 $ 18 Interest cost 45 52 17 21 136 158 49 64 Expected return on plan assets (66 ) (73 ) (47 ) (44 ) (197 ) (221 ) (133 ) (137 ) Amortization of unrecognized losses/(gains) — — — — — — 1 — Settlements 3 26 — — 3 20 — — Special/contractual termination benefits 5 — — — 18 — 8 — Other — — (6 ) — 2 — (15 ) — Net pension cost/(benefit) $ (10 ) $ 8 $ (31 ) $ (17 ) $ (30 ) $ (33 ) $ (77 ) $ (55 )
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Components of Net Cost/(Benefit)	Net postretirement cost/(benefit) consisted of the following (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Service cost $ 2 $ 3 $ 7 $ 11 Interest cost 12 13 37 43 Amortization of prior service costs/(credits) (77 ) (90 ) (250 ) (252 ) Curtailments (9 ) — (177 ) — Net postretirement cost/(benefit) $ (72 ) $ (74 ) $ (383 ) $ (198 )

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Income/(Losses) (Tables) - AOCI Attributable to Parent	9 Months Ended
	Sep. 30, 2017
Accumulated Other Comprehensive Income/(Loss) [Line Items]
Components of and Changes in Accumulated Other Comprehensive Income/(Losses)	The components of, and changes in, accumulated other comprehensive income/(losses), net of tax, were as follows (in millions): Foreign Currency Translation Adjustments Net Postemployment Benefit Plan Adjustments Net Cash Flow Hedge Adjustments Total Balance as of December 31, 2016 $ (2,412 ) $ 772 $ 12 $ (1,628 ) Foreign currency translation adjustments 1,181 — — 1,181 Net deferred gains/(losses) on net investment hedges (327 ) — — (327 ) Net postemployment benefit gains/(losses) arising during the period — (12 ) — (12 ) Reclassification of net postemployment benefit losses/(gains) — (260 ) — (260 ) Net deferred gains/(losses) on cash flow hedges — — (136 ) (136 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income — — 97 97 Total other comprehensive income/(loss) 854 (272 ) (39 ) 543 Balance as of September 30, 2017 $ (1,558 ) $ 500 $ (27 ) $ (1,085 )
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) were as follows (in millions): For the Three Months Ended September 30, October 2, Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 421 $ — $ 421 $ (151 ) $ — $ (151 ) Net deferred gains/(losses) on net investment hedges (200 ) 76 (124 ) 34 — 34 Net actuarial gains/(losses) arising during the period (1 ) (3 ) (4 ) (405 ) 154 (251 ) Prior service credits/(costs) arising during the period — — — 172 (66 ) 106 Reclassification of net postemployment benefit losses/(gains) (83 ) 32 (51 ) (64 ) 25 (39 ) Net deferred gains/(losses) on cash flow hedges (76 ) 6 (70 ) 33 (2 ) 31 Net deferred losses/(gains) on cash flow hedges reclassified to net income 51 — 51 (23 ) (3 ) (26 ) For the Nine Months Ended September 30, October 2, Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 1,181 $ — $ 1,181 $ (304 ) $ — $ (304 ) Net deferred gains/(losses) on net investment hedges (568 ) 241 (327 ) 144 (65 ) 79 Net actuarial gains/(losses) arising during the period (11 ) (2 ) (13 ) (405 ) 154 (251 ) Prior service credits/(costs) arising during the period 2 (1 ) 1 172 (66 ) 106 Reclassification of net postemployment benefit losses/(gains) (423 ) 163 (260 ) (232 ) 89 (143 ) Net deferred gains/(losses) on cash flow hedges (147 ) 11 (136 ) (12 ) 11 (1 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income 96 1 97 (43 ) (1 ) (44 )
Amounts Reclassified From Accumulated Other Comprehensive Income/(Losses)	The amounts reclassified from accumulated other comprehensive income/(losses) 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/(Loss) is Presented For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Losses/(gains) on cash flow hedges: Foreign exchange contracts $ — $ — $ — $ (3 ) Net sales Foreign exchange contracts (2 ) (1 ) (5 ) (34 ) Cost of products sold Foreign exchange contracts 52 (23 ) 98 (9 ) Other expense/(income), net Interest rate contracts 1 1 3 3 Interest expense Losses/(gains) on cash flow hedges before income taxes 51 (23 ) 96 (43 ) Losses/(gains) on cash flow hedges, income taxes — (3 ) 1 (1 ) Losses/(gains) on cash flow hedges $ 51 $ (26 ) $ 97 $ (44 ) Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) $ — $ — $ 1 $ — (a) Amortization of prior service costs/(credits) (77 ) (90 ) (250 ) (252 ) (a) Settlement and curtailments losses/(gains) (6 ) 26 (174 ) 20 (a) Losses/(gains) on postemployment benefits before income taxes (83 ) (64 ) (423 ) (232 ) Losses/(gains) on postemployment benefits, income taxes 32 25 163 89 Losses/(gains) on postemployment benefits $ (51 ) $ (39 ) $ (260 ) $ (143 ) (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)	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of notional amounts of outstanding derivative positions	The notional values of our derivative instruments were (in millions): Notional Amount September 30, 2017 December 31, 2016 Commodity contracts $ 332 $ 459 Foreign exchange contracts 3,753 2,997 Cross-currency contracts 2,950 3,173
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 consolidated balance sheets were (in millions): September 30, 2017 Quoted Prices in Active Markets for Identical Assets and Liabilities 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 $ — $ — $ 9 $ 103 $ — $ — $ 9 $ 103 Cross-currency contracts — — 354 — — — 354 — Derivatives not designated as hedging instruments: Commodity contracts 8 14 — 1 — — 8 15 Foreign exchange contracts — — 46 — — — 46 — Cross-currency contracts — — — — — — — — Total fair value $ 8 $ 14 $ 409 $ 104 $ — $ — $ 417 $ 118 December 31, 2016 Quoted Prices in Active Markets for Identical Assets and Liabilities (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 $ — $ — $ 69 $ 13 $ — $ — $ 69 $ 13 Cross-currency contracts — — 580 36 — — 580 36 Derivatives not designated as hedging instruments: Commodity contracts 28 7 — — — — 28 7 Foreign exchange contracts — — 35 30 — — 35 30 Cross-currency contracts — — 44 — — — 44 — Total fair value $ 28 $ 7 $ 728 $ 79 $ — $ — $ 756 $ 86
Schedule of cross-currency swap derivatives	At September 30, 2017 , 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
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 consolidated statements of income and statements of comprehensive income: For the Three Months Ended September 30, October 2, Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate Contracts Commodity Contracts Foreign Exchange Cross-Currency Contracts Interest Rate (in millions) Derivatives designated as hedging instruments: Cash flow hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ (76 ) $ — $ — $ — $ 33 $ — $ — Net investment hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) — (6 ) (81 ) — — — 49 — Total gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ (82 ) $ (81 ) $ — $ — $ 33 $ 49 $ — Cash flow hedges reclassified to net income/(loss): Net sales $ — $ — $ — $ — $ — $ — $ — $ — Cost of products sold (effective portion) — 2 — — — 1 — — Other expense/(income), net — (52 ) — — — 23 — — Interest expense — — — (1 ) — — — (1 ) — (50 ) — (1 ) — 24 — (1 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold 4 — — — (17 ) — — — Gains/(losses) on derivatives recognized in other expense/(income), net — 27 — — — (4 ) 2 — 4 27 — — (17 ) (4 ) 2 — Total gains/(losses) recognized in statements of income $ 4 $ (23 ) $ — $ (1 ) $ (17 ) $ 20 $ 2 $ (1 ) For the Nine Months Ended September 30, October 2, Commodity Contracts Foreign Exchange Contracts Cross-Currency Contracts Interest Rate Contracts Commodity Contracts Foreign Exchange Contracts Cross-Currency Contracts Interest Rate Contracts (in millions) Derivatives designated as hedging instruments: Cash flow hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ (147 ) $ — $ — $ — $ (4 ) $ — $ (8 ) Net investment hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) — (18 ) (177 ) — — 46 74 — Total gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ (165 ) $ (177 ) $ — $ — $ 42 $ 74 $ (8 ) Cash flow hedges reclassified to net income/(loss): Net sales $ — $ — $ — $ — $ — $ 3 $ — $ — Cost of products sold (effective portion) — 5 — — — 34 — — Other expense/(income), net — (98 ) — — — 9 — — Interest expense — — — (3 ) — — — (3 ) — (93 ) — (3 ) — 46 — (3 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold (33 ) — — — (6 ) — — — Gains/(losses) on derivatives recognized in other expense/(income), net — 55 (2 ) — — (61 ) (6 ) — (33 ) 55 (2 ) — (6 ) (61 ) (6 ) — Total gains/(losses) recognized in statements of income $ (33 ) $ (38 ) $ (2 ) $ (3 ) $ (6 ) $ (15 ) $ (6 ) $ (3 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Our earnings per common share (“EPS”) were: For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, (in millions, except per share data) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 944 $ 842 $ 2,996 $ 2,508 Weighted average shares of common stock outstanding 1,218 1,218 1,218 1,216 Net earnings/(loss) $ 0.78 $ 0.69 $ 2.46 $ 2.06 Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 944 $ 842 $ 2,996 $ 2,508 Weighted average shares of common stock outstanding 1,218 1,218 1,218 1,216 Effect of dilutive equity awards 10 10 11 10 Weighted average shares of common stock outstanding, including dilutive effect 1,228 1,228 1,229 1,226 Net earnings/(loss) $ 0.77 $ 0.69 $ 2.44 $ 2.05

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Net Sales by Segment	Net sales by segment were (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Net sales: United States $ 4,380 $ 4,395 $ 13,566 $ 13,802 Canada 559 550 1,599 1,692 Europe 599 558 1,737 1,766 Rest of World 776 764 2,453 2,370 Total net sales $ 6,314 $ 6,267 $ 19,355 $ 19,630
Segment Adjusted EBITDA	Segment Adjusted EBITDA was (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Segment Adjusted EBITDA: United States $ 1,440 $ 1,349 $ 4,478 $ 4,360 Canada 162 148 477 491 Europe 206 191 578 592 Rest of World 149 145 475 513 General corporate expenses (28 ) (30 ) (93 ) (115 ) Depreciation and amortization (excluding integration and restructuring expenses) (165 ) (116 ) (434 ) (401 ) Integration and restructuring expenses (95 ) (237 ) (237 ) (781 ) Merger costs — (4 ) — (33 ) Unrealized gains/(losses) on commodity hedges 5 (22 ) (24 ) 23 Impairment losses (1 ) — (49 ) (53 ) Nonmonetary currency devaluation — (1 ) — (4 ) Equity award compensation expense (excluding integration and restructuring expenses) (12 ) (10 ) (38 ) (30 ) Operating income 1,661 1,413 5,133 4,562 Interest expense 306 311 926 824 Other expense/(income), net (4 ) (3 ) 8 (5 ) Income/(loss) before income taxes $ 1,359 $ 1,105 $ 4,199 $ 3,743
Net Sales by Product	Our net sales by product category were (in millions): For the Three Months Ended For the Nine Months Ended September 30, October 2, September 30, October 2, Condiments and sauces $ 1,568 $ 1,562 $ 4,791 $ 4,886 Cheese and dairy 1,283 1,288 3,901 4,004 Ambient meals 571 577 1,695 1,726 Frozen and chilled meals 642 642 1,934 1,895 Meats and seafood 663 670 2,018 2,093 Refreshment beverages 371 368 1,180 1,218 Coffee 331 337 1,021 1,076 Infant and nutrition 176 171 575 577 Desserts, toppings and baking 220 216 649 661 Nuts and salted snacks 202 237 686 752 Other 287 199 905 742 Total net sales $ 6,314 $ 6,267 $ 19,355 $ 19,630

Supplemental Financial Inform35

Supplemental Financial Information (Tables)	9 Months Ended
	Sep. 30, 2017
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 September 30, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,170 $ 2,286 $ (142 ) $ 6,314 Cost of products sold — 2,601 1,541 (142 ) 4,000 Gross profit — 1,569 745 — 2,314 Selling, general and administrative expenses — 155 498 — 653 Intercompany service fees and other recharges — 776 (776 ) — — Operating income — 638 1,023 — 1,661 Interest expense — 296 10 — 306 Other expense/(income), net — 23 (27 ) — (4 ) Income/(loss) before income taxes — 319 1,040 — 1,359 Provision for/(benefit from) income taxes — (11 ) 427 — 416 Equity in earnings of subsidiaries 944 614 — (1,558 ) — Net income/(loss) 944 944 613 (1,558 ) 943 Net income/(loss) attributable to noncontrolling interest — — (1 ) — (1 ) Net income/(loss) excluding noncontrolling interest $ 944 $ 944 $ 614 $ (1,558 ) $ 944 Comprehensive income/(loss) excluding noncontrolling interest $ 1,167 $ 1,167 $ 1,165 $ (2,332 ) $ 1,167 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Three Months Ended October 2, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,206 $ 2,233 $ (172 ) $ 6,267 Cost of products sold — 2,700 1,521 (172 ) 4,049 Gross profit — 1,506 712 — 2,218 Selling, general and administrative expenses — 194 611 — 805 Intercompany service fees and other recharges — 795 (795 ) — — Operating income — 517 896 — 1,413 Interest expense — 294 17 — 311 Other expense/(income), net — (20 ) 17 — (3 ) Income/(loss) before income taxes — 243 862 — 1,105 Provision for/(benefit from) income taxes — (199 ) 461 — 262 Equity in earnings of subsidiaries 842 400 — (1,242 ) — Net income/(loss) 842 842 401 (1,242 ) 843 Net income/(loss) attributable to noncontrolling interest — — 1 — 1 Net income/(loss) excluding noncontrolling interest $ 842 $ 842 $ 400 $ (1,242 ) $ 842 Comprehensive income/(loss) excluding noncontrolling interest $ 547 $ 547 $ 285 $ (832 ) $ 547 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Nine Months Ended September 30, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 12,941 $ 6,856 $ (442 ) $ 19,355 Cost of products sold — 7,825 4,676 (442 ) 12,059 Gross profit — 5,116 2,180 — 7,296 Selling, general and administrative expenses — 504 1,659 — 2,163 Intercompany service fees and other recharges — 3,205 (3,205 ) — — Operating income — 1,407 3,726 — 5,133 Interest expense — 895 31 — 926 Other expense/(income), net — (8 ) 16 — 8 Income/(loss) before income taxes — 520 3,679 — 4,199 Provision for/(benefit from) income taxes — (92 ) 1,297 — 1,205 Equity in earnings of subsidiaries 2,996 2,384 — (5,380 ) — Net income/(loss) 2,996 2,996 2,382 (5,380 ) 2,994 Net income/(loss) attributable to noncontrolling interest — — (2 ) — (2 ) Net income/(loss) excluding noncontrolling interest $ 2,996 $ 2,996 $ 2,384 $ (5,380 ) $ 2,996 Comprehensive income/(loss) excluding noncontrolling interest $ 3,539 $ 3,539 $ 4,351 $ (7,890 ) $ 3,539 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Nine Months Ended October 2, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 13,156 $ 6,948 $ (474 ) $ 19,630 Cost of products sold — 8,273 4,704 (474 ) 12,503 Gross profit — 4,883 2,244 — 7,127 Selling, general and administrative expenses — 778 1,787 — 2,565 Intercompany service fees and other recharges — 3,320 (3,320 ) — — Operating income — 785 3,777 — 4,562 Interest expense — 782 42 — 824 Other expense/(income), net — 66 (71 ) — (5 ) Income/(loss) before income taxes — (63 ) 3,806 — 3,743 Provision for/(benefit from) income taxes — (349 ) 1,394 — 1,045 Equity in earnings of subsidiaries 2,688 2,402 — (5,090 ) — Net income/(loss) 2,688 2,688 2,412 (5,090 ) 2,698 Net income/(loss) attributable to noncontrolling interest — — 10 — 10 Net income/(loss) excluding noncontrolling interest $ 2,688 $ 2,688 $ 2,402 $ (5,090 ) $ 2,688 Comprehensive income/(loss) excluding noncontrolling interest $ 2,131 $ 2,131 $ 2,013 $ (4,144 ) $ 2,131
Condensed Consolidating Balance Sheets	The Kraft Heinz Company Condensed Consolidating Balance Sheets As of September 30, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 217 $ 1,224 $ — $ 1,441 Trade receivables — 4 934 — 938 Receivables due from affiliates 725 205 (930 ) — Dividends due from affiliates 101 — — (101 ) — Sold receivables — — 427 — 427 Inventories — 2,087 1,101 — 3,188 Short-term lending due from affiliates — 2,098 3,513 (5,611 ) — Other current assets — 3,229 391 (2,386 ) 1,234 Total current assets 101 8,360 7,795 (9,028 ) 7,228 Property, plant and equipment, net — 4,506 2,428 — 6,934 Goodwill — 11,067 33,791 — 44,858 Investments in subsidiaries 58,759 72,096 — (130,855 ) — Intangible assets, net — 3,258 56,242 — 59,500 Long-term lending due from affiliates — 1,700 2,000 (3,700 ) — Other assets — 499 1,032 — 1,531 TOTAL ASSETS $ 58,860 $ 101,486 $ 103,288 $ (143,583 ) $ 120,051 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 443 $ 12 $ — $ 455 Current portion of long-term debt — 2,583 172 — 2,755 Short-term lending due to affiliates — 3,513 2,098 (5,611 ) — Trade payables — 2,324 1,623 — 3,947 Payables due to affiliates — 205 725 (930 ) — Accrued marketing — 124 369 — 493 Accrued postemployment costs — 84 74 — 158 Income taxes payable — — 2,555 (2,386 ) 169 Interest payable — 284 11 — 295 Dividends due to affiliates — 101 — (101 ) — Other current liabilities 101 497 517 — 1,115 Total current liabilities 101 10,158 8,156 (9,028 ) 9,387 Long-term debt — 27,396 903 — 28,299 Long-term borrowings due to affiliates — 2,000 1,921 (3,921 ) — Deferred income taxes — 1,368 19,530 — 20,898 Accrued postemployment costs — 1,508 300 — 1,808 Other liabilities — 297 391 — 688 TOTAL LIABILITIES 101 42,727 31,201 (12,949 ) 61,080 Total shareholders’ equity 58,759 58,759 71,875 (130,634 ) 58,759 Noncontrolling interest — — 212 — 212 TOTAL EQUITY 58,759 58,759 72,087 (130,634 ) 58,971 TOTAL LIABILITIES AND EQUITY $ 58,860 $ 101,486 $ 103,288 $ (143,583 ) $ 120,051 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of December 31, 2016 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 2,830 $ 1,374 $ — $ 4,204 Trade receivables — 12 757 — 769 Receivables due from affiliates — 712 111 (823 ) — Dividends due from affiliates 39 — — (39 ) — Sold receivables — — 129 — 129 Inventories — 1,759 925 — 2,684 Short-term lending due from affiliates — 1,722 2,956 (4,678 ) — Other current assets — 2,229 447 (1,709 ) 967 Total current assets 39 9,264 6,699 (7,249 ) 8,753 Property, plant and equipment, net — 4,447 2,241 — 6,688 Goodwill — 11,067 33,058 — 44,125 Investments in subsidiaries 57,358 70,877 — (128,235 ) — Intangible assets, net — 3,364 55,933 — 59,297 Long-term lending due from affiliates — 1,700 2,000 (3,700 ) — Other assets — 501 1,116 — 1,617 TOTAL ASSETS $ 57,397 $ 101,220 $ 101,047 $ (139,184 ) $ 120,480 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 642 $ 3 $ — $ 645 Current portion of long-term debt — 2,032 14 — 2,046 Short-term lending due to affiliates — 2,956 1,722 (4,678 ) — Trade payables — 2,376 1,620 — 3,996 Payables due to affiliates — 111 712 (823 ) — Accrued marketing — 277 472 — 749 Accrued postemployment costs — 144 13 — 157 Income taxes payable — — 1,964 (1,709 ) 255 Interest payable — 401 14 — 415 Dividends due to affiliates — 39 — (39 ) — Other current liabilities 39 588 611 — 1,238 Total current liabilities 39 9,566 7,145 (7,249 ) 9,501 Long-term debt — 28,736 977 — 29,713 Long-term borrowings due to affiliates — 2,000 1,902 (3,902 ) — Deferred income taxes — 1,382 19,466 — 20,848 Accrued postemployment costs — 1,754 284 — 2,038 Other liabilities — 424 382 — 806 TOTAL LIABILITIES 39 43,862 30,156 (11,151 ) 62,906 Total shareholders’ equity 57,358 57,358 70,675 (128,033 ) 57,358 Noncontrolling interest — — 216 — 216 TOTAL EQUITY 57,358 57,358 70,891 (128,033 ) 57,574 TOTAL LIABILITIES AND EQUITY $ 57,397 $ 101,220 $ 101,047 $ (139,184 ) $ 120,480
Condensed Consolidating Statements of Cash Flows	The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2017 (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 $ 2,161 $ 1,185 $ (1,169 ) $ (2,161 ) $ 16 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 1,633 — 1,633 Capital expenditures — (622 ) (334 ) — (956 ) Net proceeds from/(payments on) intercompany lending activities — 59 (267 ) 208 — Additional investments in subsidiaries (15 ) — — 15 — Other investing activities, net — 54 (7 ) — 47 Net cash provided by/(used for) investing activities (15 ) (509 ) 1,025 223 724 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (2,625 ) (11 ) — (2,636 ) Proceeds from issuance of long-term debt — 1,496 — — 1,496 Proceeds from issuance of commercial paper — 5,495 — — 5,495 Repayments of commercial paper — (5,709 ) — — (5,709 ) Net proceeds from/(payments on) intercompany borrowing activities — 267 (59 ) (208 ) — Dividends paid-common stock (2,161 ) (2,161 ) — 2,161 (2,161 ) Other intercompany capital stock transactions — 15 — (15 ) — Other financing activities, net 15 (6 ) 17 — 26 Net cash provided by/(used for) financing activities (2,146 ) (3,228 ) (53 ) 1,938 (3,489 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — 43 — 43 Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (2,552 ) (154 ) — (2,706 ) Balance at beginning of period — 2,869 1,386 — 4,255 Balance at end of period $ — $ 317 $ 1,232 $ — $ 1,549 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Nine Months Ended October 2, 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 $ 1,636 $ 1,821 $ (805 ) $ (1,636 ) $ 1,016 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 1,850 — 1,850 Capital expenditures — (605 ) (231 ) — (836 ) Net proceeds from/(payments on) intercompany lending activities — 565 (74 ) (491 ) — Additional investments in subsidiaries — (10 ) — 10 — Return of capital 8,987 — — (8,987 ) — Other investing activities, net — 100 (30 ) — 70 Net cash provided by/(used for) investing activities 8,987 50 1,515 (9,468 ) 1,084 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (69 ) (5 ) — (74 ) Proceeds from issuance of long-term debt — 6,978 3 — 6,981 Proceeds from issuance of commercial paper — 4,296 — — 4,296 Repayments of commercial paper — (3,660 ) — — (3,660 ) Net proceeds from/(payments on) intercompany borrowing activities — 74 (565 ) 491 — Dividends paid-Series A Preferred Stock (180 ) — — — (180 ) Dividends paid-common stock (2,123 ) (2,303 ) — 2,303 (2,123 ) Redemption of Series A Preferred Stock (8,320 ) — — — (8,320 ) Other intercompany capital stock transactions — (8,320 ) 10 8,310 — Other financing activities, net — 50 6 — 56 Net cash provided by/(used for) financing activities (10,623 ) (2,954 ) (551 ) 11,104 (3,024 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — (17 ) — (17 ) Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (1,083 ) 142 — (941 ) Balance at beginning of period — 3,253 1,659 — 4,912 Balance at end of period $ — $ 2,170 $ 1,801 $ — $ 3,971
Reconciliation from Cash and Cash Equivalents to Cash, Cash Equivalents, and Restricted Cash	The following tables provide a reconciliation of cash and cash equivalents, as reported on our unaudited condensed consolidating balance sheets, to cash, cash equivalents, and restricted cash, as reported on our unaudited condensed consolidating statements of cash flows (in millions): September 30, 2017 Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Cash and cash equivalents $ — $ 217 $ 1,224 $ — $ 1,441 Restricted cash included in other assets (current) — 100 8 — 108 Cash, cash equivalents, and restricted cash $ — $ 317 $ 1,232 $ — $ 1,549 December 31, 2016 Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Cash and cash equivalents $ — $ 2,830 $ 1,374 $ — $ 4,204 Restricted cash included in other assets (current) — 39 3 — 42 Restricted cash included in other assets (noncurrent) — — 9 — 9 Cash, cash equivalents, and restricted cash $ — $ 2,869 $ 1,386 $ — $ 4,255

Background and Basis of Prese36

Background and Basis of Presentation Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016	Dec. 31, 2016	Dec. 31, 2017	Jan. 03, 2016
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Effective income tax rate reconciliation, share based compensation, excess tax benefit, amount	$ (416)	$ (262)	$ (1,205)	$ (1,045)
Cash receipts on sold receivables			1,633	1,850
Dividends paid-Series A Preferred Stock			0	180
Accounting Standards Update 2016-09
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Effective income tax rate reconciliation, share based compensation, excess tax benefit, amount	3		19
Accounting Standards Update 2016-15
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Cash receipts on sold receivables				1,900	$ 2,600
Accounting Standards Update 2016-18
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Restricted cash		51		51	51		$ 75
Dividends paid-Series A Preferred Stock			24		24
Forecast | Accounting Standards Update 2016-16
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Cumulative effect adjustment to retained earnings						$ 100
New accounting pronouncement, not yet adopted, effect | Pro forma
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Net postemployment cost/(benefit)	$ (80)	$ (70)	$ (400)	$ (240)	$ (340)

Background and Basis of Prese37

Background and Basis of Presentation Expected Impact of Adopting ASU 2017-07 on Statements of Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016	Dec. 31, 2016
Cost of products sold	$ 4,000	$ 4,049	$ 12,059	$ 12,503
Selling, general and administrative expenses	653	805	2,163	2,565
Operating income	1,661	1,413	5,133	4,562
New accounting pronouncement, not yet adopted, effect | Pro forma
Cost of products sold	109	81	455	259	$ 373
Selling, general and administrative expenses	14	14	63	66	93
Operating income	$ (123)	$ (95)	$ (518)	$ (325)	$ (466)

Integration and Restructuring38

Integration and Restructuring Expenses Additional Information (Details) $ in Millions	3 Months Ended			9 Months Ended		27 Months Ended
	Sep. 30, 2017USD ($)	Jul. 01, 2017USD ($)	Oct. 02, 2016USD ($)	Sep. 30, 2017USD ($)employee	Oct. 02, 2016USD ($)	Sep. 30, 2017USD ($)employeefactory
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 95		$ 237	$ 237	$ 781
Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	$ 2,100			$ 2,100		$ 2,100
Restructuring and Related Cost, Expected Cost, Classified as Costs of Products Sold, Percent	60.00%			60.00%		60.00%
Restructuring and Related Cost, Expected Number of Positions Eliminated | employee						5,150
Restructuring and Related Activities, Expected Number of Facilities Eliminated | factory						6
Restructuring and Related Cost, Number of Positions Eliminated | employee						4,800
Restructuring and Related Cost, Number of Facilities Eliminated | factory						6
Restructuring and Related Cost, Incurred Cost			222	$ 157	722
Restructuring and Related Cost, Cost Incurred to Date	$ 1,900			$ 1,900		$ 1,900
Restructuring and Related Cost, Expected Cost, Cash Expenditures, Percent	60.00%			60.00%		60.00%
Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | employee				500
Restructuring and Related Cost, Incurred Cost	$ 16		15	$ 80	59
Organization Costs | Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	400			400		$ 400
Footprint Costs | Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	1,300			1,300		1,300
Other Costs | Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	400			400		400
Severance and Employee Benefit Costs | Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	543			543		543
Severance and Employee Benefit Costs | Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	8			37
Asset-Related Costs | Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	803			803		803
Asset-Related Costs | Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost				1
Other Implementation Costs | Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	417			417		417
Other Implementation Costs | Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	7			32
Other Exit Costs | Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	110			110		$ 110
Other Exit Costs | Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	1			10
Postretirement Plans
Restructuring Cost and Reserve [Line Items]
Curtailments	$ (9)	$ (168)	$ 0	$ (177)	$ 0

Integration and Restructuring39

Integration and Restructuring Expenses Integration Program Reserve Roll-forward (Details) - Integration Program $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 109
Charges	(123)
Cash payments	(58)
Non-cash utilization	135
Ending Balance	63
Severance and Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	99
Charges	(138)
Cash payments	(55)
Non-cash utilization	138
Ending Balance	44
Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	10
Charges	15
Cash payments	(3)
Non-cash utilization	(3)
Ending Balance	$ 19

Integration and Restructuring40

Integration and Restructuring Expenses Restructuring Reserve Roll-forward (Details) - Restructuring Activities $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 37
Charges	47
Cash payments	(38)
Non-cash utilization	(7)
Ending Balance	39
Severance and Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	12
Charges	37
Cash payments	(32)
Non-cash utilization	(7)
Ending Balance	10
Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	25
Charges	10
Cash payments	(6)
Non-cash utilization	0
Ending Balance	$ 29

Integration and Restructuring41

Integration and Restructuring Expenses Restructuring Costs by Type and Income Statement Location (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 95	$ 237	$ 237	$ 781
Severance and Employee Benefit Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	(22)	14	(139)	43
Severance and Employee Benefit Costs | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	(3)	43	38	89
Asset-Related Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	34	89	134	368
Asset-Related Costs | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	8	9	21	35
Other Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	68	49	129	121
Other Costs | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 10	$ 33	$ 54	$ 125

Integration and Restructuring42

Integration and Restructuring Expenses Restructuring Costs Excluded from Segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Segment Reporting Information [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 95	$ 237	$ 237	$ 781
United States
Segment Reporting Information [Line Items]
Restructuring and Related Cost, Incurred Cost	75	161	118	607
Canada
Segment Reporting Information [Line Items]
Restructuring and Related Cost, Incurred Cost	(3)	16	21	43
Europe
Segment Reporting Information [Line Items]
Restructuring and Related Cost, Incurred Cost	6	5	45	33
Rest of World
Segment Reporting Information [Line Items]
Restructuring and Related Cost, Incurred Cost	0	0	11	0
General corporate expenses
Segment Reporting Information [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 17	$ 55	$ 42	$ 98

Restricted Cash Reconciliation

Restricted Cash Reconciliation from Cash and Cash Equivalents to Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016	Oct. 02, 2016	Jan. 03, 2016
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 1,441	$ 4,204
Restricted cash included in other assets (current)	108	42
Restricted cash included in other assets (noncurrent)	0	9
Cash, cash equivalents, and restricted cash	$ 1,549	$ 4,255	$ 3,971	$ 4,912

Inventories Components of Inven

Inventories Components of Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Packaging and ingredients	$ 713	$ 542
Work in process	464	388
Finished product	2,011	1,754
Inventories	$ 3,188	$ 2,684

Goodwill and Intangible Asset45

Goodwill and Intangible Assets Goodwill by Segment (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 44,125
Translation adjustments	733
Ending balance	44,858
United States
Goodwill [Roll Forward]
Beginning balance	33,696
Translation adjustments	0
Ending balance	33,696
Canada
Goodwill [Roll Forward]
Beginning balance	4,913
Translation adjustments	379
Ending balance	5,292
Europe
Goodwill [Roll Forward]
Beginning balance	2,778
Translation adjustments	250
Ending balance	3,028
Rest of World
Goodwill [Roll Forward]
Beginning balance	2,738
Translation adjustments	104
Ending balance	$ 2,842

Goodwill and Intangible Asset46

Goodwill and Intangible Assets Goodwill - Additional Information (Details)	Apr. 02, 2017USD ($)	Sep. 30, 2017USD ($)goodwill_reporting_unit	Dec. 31, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, impairment loss	$ 0
Reporting unit, percentage of fair value in excess of carrying amount	10.00%
Number of reporting units | goodwill_reporting_unit		18
Goodwill		$ 44,858,000,000	$ 44,125,000,000
Goodwill, impaired, accumulated impairment loss		$ 0

Goodwill and Intangible Asset47

Goodwill and Intangible Assets Indefinite-Lived Intangible Assets (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 53,307
Translation adjustments	380
Impairment losses on indefinite-lived intangible assets	48
Ending balance	$ 53,639

Goodwill and Intangible Asset48

Goodwill and Intangible Assets Indefinite-Lived Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Apr. 02, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment losses on indefinite-lived intangible assets	$ (48)
Reporting unit, percentage of fair value in excess of carrying amount		10.00%
Indefinite-lived intangible assets	$ 53,639		$ 53,307

Goodwill and Intangible Asset49

Goodwill and Intangible Assets Definite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	$ 6,625	$ 6,534
Accumulated Amortization	(764)	(544)
Net	5,861	5,990
Trademarks
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	2,381	2,337
Accumulated Amortization	(256)	(172)
Net	2,125	2,165
Customer-related assets
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	4,230	4,184
Accumulated Amortization	(502)	(369)
Net	3,728	3,815
Other
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	14	13
Accumulated Amortization	(6)	(3)
Net	$ 8	$ 10

Goodwill and Intangible Asset50

Goodwill and Intangible Assets Definite-Lived Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 76	$ 66	$ 220	$ 198
Amortization of intangible assets, next twelve months	280		280
Amortization of intangible assets, year two	270		270
Amortization of intangible assets, year three	270		270
Amortization of intangible assets, year four	270		270
Amortization of intangible assets, year five	$ 270		$ 270

Income Taxes Additional Informa

Income Taxes Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Income Tax Disclosure [Abstract]
Effective tax rate	30.60%	23.70%	28.70%	27.90%

Employees' Stock Incentive Pl52

Employees' Stock Incentive Plans Schedule of Share-Based Compensation, Stock Option Activity (Details)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Roll-forward of Stock Option Activity (in shares)
Beginning balance | shares	20,560,140
Granted | shares	1,572,848
Forfeited | shares	(559,109)
Exercised | shares	(2,005,638)
Ending balance | shares	19,568,241
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding at period start, weighted average exercise price (in dollars per share) | $ / shares	$ 37.39
Options granted, weighted average exercise price (in dollars per share) | $ / shares	89.01
Options forfeited, weighted average exercise price (in dollars per share) | $ / shares	48.13
Options exercised, weighted average exercise price (in dollars per share) | $ / shares	32.94
Options outstanding at period end, weighted average exercise price (in dollars per share) | $ / shares	$ 41.69

Employees' Stock Incentive Pl53

Employees' Stock Incentive Plans Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2017USD ($)
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options, exercises in period, intrinsic value	$ 115
RSUs vested during the period, fair value	$ 12

Employees' Stock Incentive Pl54

Employees' Stock Incentive Plans Schedule of Share-Based Compensation, RSU Activity (Details)	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Roll-forward of RSU Activity (in shares)
Beginning balance | shares	806,744
Granted | shares	1,678,110
Forfeited | shares	(191,072)
Vested | shares	(136,272)
Ending balance | shares	2,157,510
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
RSUs outstanding at period start, weighted average grant date fair value (in dollars per share) | $ / shares	$ 71.95
RSUs granted, weighted average exercise price (in dollars per share) | $ / shares	85.03
RSUs forfeited, weighted average exercise price (in dollars per share) | $ / shares	82.85
RSUs vested, weighted average exercise price (in dollars per share) | $ / shares	72.96
RSUs outstanding at period end, weighted average grant date fair value (in dollars per share) | $ / shares	$ 81.10

Postemployment Benefits Pension

Postemployment Benefits Pension Plans - Components of Net Pension Cost/(Benefit) (Details) - Pension Plan - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 5	$ 6	$ 13	$ 18
Interest cost	17	21	49	64
Expected return on plan assets	(47)	(44)	(133)	(137)
Amortization of unrecognized losses/(gains)	0	0	(1)	0
Settlements	0	0	0	0
Special/contractual termination benefits	0	0	8	0
Other	(6)	0	(15)	0
Net cost/(benefit)	(31)	(17)	(77)	(55)
Domestic Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	3	8	10
Interest cost	45	52	136	158
Expected return on plan assets	(66)	(73)	(197)	(221)
Amortization of unrecognized losses/(gains)	0	0	0	0
Settlements	3	26	3	20
Special/contractual termination benefits	5	0	18	0
Other	0	0	2	0
Net cost/(benefit)	$ (10)	$ 8	$ (30)	$ (33)

Postemployment Benefits Postemp

Postemployment Benefits Postemployment Benefit Plans - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Jul. 01, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Curtailments	$ (9)	$ (168)	$ 0	$ (177)	$ 0
Foreign Plan | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Employer contribution				24
Estimated future employer contributions in 2017	5			5
Domestic Plan | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Employer contribution				150
Estimated future employer contributions in 2017	$ 0			$ 0

Postemployment Benefits Postret

Postemployment Benefits Postretirement Plans - Components of Net Postretirement Cost/(Benefit) (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Jul. 01, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Defined Benefit Plan Disclosure [Line Items]
Amortization of prior service costs/(credits)				$ (247)	$ (217)
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2		$ 3	7	11
Interest cost	12		13	37	43
Amortization of prior service costs/(credits)	(77)		(90)	(250)	(252)
Curtailments	(9)	$ (168)	0	(177)	0
Net cost/(benefit)	$ (72)		$ (74)	$ (383)	$ (198)

Accumulated Other Comprehensi58

Accumulated Other Comprehensive Income/(Losses) Components of and Changes in Accumulated Other Comprehensive Income/(Losses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ (1,628)
Foreign currency translation adjustments	$ 421	$ (148)	1,179	$ (294)
Net deferred gains/(losses) on net investment hedges	(124)	34	(327)	79
Reclassification of net postemployment benefit losses/(gains)	(51)	(39)	(260)	(143)
Net deferred gains/(losses) on cash flow hedges	(70)	31	(136)	(1)
Net deferred losses/(gains) on cash flow hedges reclassified to net income	51	(26)	97	(44)
Ending balance	(1,085)		(1,085)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(2,412)
Foreign currency translation adjustments			1,181
Net deferred gains/(losses) on net investment hedges			(327)
Net postemployment benefit gains/(losses) arising during the period			0
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)			854
Ending balance	(1,558)		(1,558)
Net Postemployment Benefit Plan Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			772
Foreign currency translation adjustments			0
Net deferred gains/(losses) on net investment hedges			0
Net postemployment benefit gains/(losses) arising during the period			(12)
Reclassification of net postemployment benefit losses/(gains)			(260)
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)			(272)
Ending balance	500		500
Net Cash Flow Hedge Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			12
Foreign currency translation adjustments			0
Net deferred gains/(losses) on net investment hedges			0
Net postemployment benefit gains/(losses) arising during the period			0
Reclassification of net postemployment benefit losses/(gains)			0
Net deferred gains/(losses) on cash flow hedges			(136)
Net deferred losses/(gains) on cash flow hedges reclassified to net income			97
Total other comprehensive income/(loss)			(39)
Ending balance	(27)		(27)
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(1,628)
Foreign currency translation adjustments	421	(151)	1,181	(304)
Net deferred gains/(losses) on net investment hedges	(124)	34	(327)	79
Net postemployment benefit gains/(losses) arising during the period			(12)
Reclassification of net postemployment benefit losses/(gains)	(51)	(39)	(260)	(143)
Net deferred gains/(losses) on cash flow hedges	(70)	31	(136)	(1)
Net deferred losses/(gains) on cash flow hedges reclassified to net income	51	$ (26)	97	$ (44)
Total other comprehensive income/(loss)			543
Ending balance	$ (1,085)		$ (1,085)

Accumulated Other Comprehensi59

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		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Accumulated Other Comprehensive Income/(Loss) [Line Items]
Foreign currency translation adjustments, net of tax	$ 421	$ (148)	$ 1,179	$ (294)
Net deferred gains/(losses) on net investment hedges, net of tax	(124)	34	(327)	79
Net actuarial gains/(losses) arising during the period, net of tax	(4)	(251)	(13)	(251)
Prior service credits/(costs) arising during the period, net of tax	0	106	1	106
Reclassification of net postemployment benefit losses/(gains), net of tax	51	39	260	143
Net deferred gains/(losses) on cash flow hedges, net of tax	(70)	31	(136)	(1)
Net deferred losses/(gains) on cash flow hedges reclassified to net income, net of tax	51	(26)	97	(44)
AOCI Attributable to Parent
Accumulated Other Comprehensive Income/(Loss) [Line Items]
Foreign currency translation adjustments, before tax	421	(151)	1,181	(304)
Foreign currency translation adjustments, tax	0	0	0	0
Foreign currency translation adjustments, net of tax	421	(151)	1,181	(304)
Net deferred gains/(losses) on net investment hedges, before tax	(200)	34	(568)	144
Net deferred gains/(losses) on net investment hedges, tax	76	0	241	(65)
Net deferred gains/(losses) on net investment hedges, net of tax	(124)	34	(327)	79
Net actuarial gains/(losses) arising during the period, before tax	(1)	(405)	(11)	(405)
Net actuarial gains/(losses) arising during the period, tax	(3)	154	(2)	154
Net actuarial gains/(losses) arising during the period, net of tax	(4)	(251)	(13)	(251)
Prior service credits/(costs) arising during the period, before tax	0	172	2	172
Prior service credits/(costs) arising during the period, tax	0	66	1	66
Prior service credits/(costs) arising during the period, net of tax	0	106	1	106
Reclassification of net postemployment benefit losses/(gains), before tax	(83)	(64)	(423)	(232)
Reclassification of net postemployment benefit losses/(gains), tax	32	25	163	89
Reclassification of net postemployment benefit losses/(gains), net of tax	51	39	260	143
Net deferred gains/(losses) on cash flow hedges, before tax	(76)	33	(147)	(12)
Net deferred gains/(losses) on cash flow hedges, tax	6	(2)	11	11
Net deferred gains/(losses) on cash flow hedges, net of tax	(70)	31	(136)	(1)
Net deferred losses/(gains) on cash flow hedges reclassified to net income, before tax	51	(23)	96	(43)
Net deferred losses/(gains) on cash flow hedges reclassified to net income, tax	0	(3)	1	(1)
Net deferred losses/(gains) on cash flow hedges reclassified to net income, net of tax	$ 51	$ (26)	$ 97	$ (44)

Accumulated Other Comprehensi60

Accumulated Other Comprehensive Income/(Losses) Amounts Reclassified from Accumulated Other Comprehensive Income/(Losses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
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	$ 51	$ (26)	$ 97	$ (44)
Reclassification of net postemployment benefit losses/(gains), net of tax	(51)	(39)	(260)	(143)
AOCI Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Losses/(gains) on cash flow hedges before income taxes	51	(23)	96	(43)
Losses/(gains) on cash flow hedges, income taxes	0	(3)	1	(1)
Net deferred losses/(gains) on cash flow hedges reclassified to net income, net of tax	51	(26)	97	(44)
Amortization of unrecognized losses/(gains)	0	0	1	0
Amortization of prior service costs/(credits)	(77)	(90)	(250)	(252)
Settlement and curtailments losses/(gains)	(6)	26	(174)	20
Losses/(gains) on postemployment benefits before income taxes	(83)	(64)	(423)	(232)
Losses/(gains) on postemployment benefits, income taxes	32	25	163	89
Reclassification of net postemployment benefit losses/(gains), net of tax	(51)	(39)	(260)	(143)
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	0	0	0	(3)
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	(2)	(1)	(5)	(34)
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	52	(23)	98	(9)
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	$ 1	$ 3	$ 3

Financial Instruments Outstandi

Financial Instruments Outstanding Notional Amounts (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Commodity contracts
Derivative [Line Items]
Derivative, notional amount	$ 332	$ 459
Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	3,753	2,997
Cross-currency contracts
Derivative [Line Items]
Derivative, notional amount	$ 2,950	$ 3,173

Financial Instruments Fair Valu

Financial Instruments Fair Values (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	$ 417	$ 756
Derivative liability, fair value, gross liability	118	86
Commodity contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	8	28
Derivative liability, fair value, gross liability	15	7
Foreign exchange contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	9	69
Derivative liability, fair value, gross liability	103	13
Foreign exchange contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	46	35
Derivative liability, fair value, gross liability	0	30
Cross-currency contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	354	580
Derivative liability, fair value, gross liability	0	36
Cross-currency contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	44
Derivative liability, fair value, gross liability	0	0
Level 1
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	8	28
Derivative liability, fair value, gross liability	14	7
Level 1 | Commodity contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	8	28
Derivative liability, fair value, gross liability	14	7
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	409	728
Derivative liability, fair value, gross liability	104	79
Level 2 | 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	1	0
Level 2 | Foreign exchange contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	9	69
Derivative liability, fair value, gross liability	103	13
Level 2 | Foreign exchange contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	46	35
Derivative liability, fair value, gross liability	0	30
Level 2 | Cross-currency contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	354	580
Derivative liability, fair value, gross liability	0	36
Level 2 | Cross-currency contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	0	44
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 Additiona

Financial Instruments Additional Information (Details) € in Millions, £ in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Oct. 02, 2016USD ($)	Sep. 30, 2017USD ($)	Oct. 02, 2016USD ($)	Sep. 30, 2017GBP (£)	Sep. 30, 2017EUR (€)	Dec. 31, 2016USD ($)
Derivative [Line Items]
Derivative, collateral, right to reclaim cash	$ 56		$ 56				$ 67
Derivative, collateral, obligation to return cash	56		56				$ 67
Unrealized gain/(loss) on cash flow hedges to be reclassified during next 12 months	(21)		$ (21)
Foreign exchange contracts | Designated as hedging instrument
Derivative [Line Items]
Derivative, term			18 months
Foreign exchange contracts | Not designated as hedging instrument
Derivative [Line Items]
Derivative, term			5 months
Cross-currency contracts | Designated as hedging instrument
Derivative [Line Items]
Derivative, term			27 months
Commodity contracts | Not designated as hedging instrument
Derivative [Line Items]
Derivative, term			15 months
Net Investment Hedging | Designated as hedging instrument
Derivative [Line Items]
Non-derivative instruments, loss (gain) recognized in other comprehensive income (loss), net	113	$ 15	$ 373	$ (24)
Net Investment Hedging | Foreign exchange contracts | Designated as hedging instrument
Derivative [Line Items]
Derivative liability, notional amount	$ 208		$ 208
Euro Member Countries, Euro | Net Investment Hedging | Debt | Designated as hedging instrument
Derivative [Line Items]
Derivative, amount of hedged item | €						€ 2,550
United Kingdom, Pounds | Net Investment Hedging | Debt | Designated as hedging instrument
Derivative [Line Items]
Derivative, amount of hedged item | £					£ 400

Financial Instruments Net Inves

Financial Instruments Net Investment Hedging (Details) - Sep. 30, 2017 € 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 asset, notional amount	1,600			CAD 1.8
Net Investment Hedging | Designated as hedging instrument | Foreign exchange contracts
Derivative [Line Items]
Derivative liability, notional amount | $	$ 208
Net Investment Hedging | Designated as hedging instrument | Euro Member Countries, Euro | Debt
Derivative [Line Items]
Derivative, amount of hedged item | €			€ 2,550
Net Investment Hedging | Designated as hedging instrument | United Kingdom, Pounds | Debt
Derivative [Line Items]
Derivative, amount of hedged item | £		£ 400

Financial Instruments Derivativ

Financial Instruments Derivative Impact on the Statements of Income and Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	$ 4	$ (17)	$ (33)	$ (6)
Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	(23)	20	(38)	(15)
Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	0	2	(2)	(6)
Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	(1)	(1)	(3)	(3)
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 statements 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)	(82)	33	(165)	42
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	(50)	24	(93)	46
Designated as hedging instrument | Cross-currency contracts
Derivative Instruments Gain Loss [Line Items]
Net gains recognized in other comprehensive loss (effective portion)	(81)	49	(177)	74
Derivatives not designated as hedging instruments:
Total amount recognized in statements 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)	0	0	0	(8)
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	(1)	(1)	(3)	(3)
Not designated as hedging instrument | Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	4	(17)	(33)	(6)
Not designated as hedging instrument | Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	27	(4)	55	(61)
Not designated as hedging instrument | Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	0	2	(2)	(6)
Not designated as hedging instrument | Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	0	0	0	0
Not designated as hedging instrument | Cost of products sold | Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	4	(17)	(33)	(6)
Not designated as hedging instrument | Cost of products sold | Foreign exchange contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements 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 statements 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 statements 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 statements 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 statements of income	27	(4)	55	(61)
Not designated as hedging instrument | Other income/(expense), net | Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	0	2	(2)	(6)
Not designated as hedging instrument | Other income/(expense), net | Interest rate contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements of income	0	0	0	0
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)	(76)	33	(147)	(4)
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)	0	0	0	(8)
Cash Flow Hedging | Designated as hedging instrument | Net sales | Commodity contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements 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 statements of income	0	0	0	3
Cash Flow Hedging | Designated as hedging instrument | Net sales | Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements 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 statements 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)	2	1	5	34
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 statements 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 statements of income	(52)	23	(98)	9
Cash Flow Hedging | Designated as hedging instrument | Other income/(expense), net | Cross-currency contracts
Derivatives not designated as hedging instruments:
Total amount recognized in statements 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 statements 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 statements 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 statements 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 statements 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 statements of income	(1)	(1)	(3)	(3)
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)	(6)	0	(18)	46
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)	(81)	49	(177)	74
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

Financing Arrangements Addition

Financing Arrangements Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Transfers and Servicing [Abstract]
Receivables derecognized under accounts receivable factoring programs	$ 1,100	$ 1,000
Sold receivables	$ 427	$ 129

Venezuela - Foreign Currency 67

Venezuela - Foreign Currency and Inflation Additional Information (Details) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2017USD ($)exchange_rateVEF / $	Oct. 02, 2016USD ($)	Jul. 03, 2016USD ($)	Sep. 30, 2017USD ($)exchange_rateVEF / $	Oct. 02, 2016USD ($)	May 30, 2017VEF / $	Mar. 09, 2016VEF / $
Foreign Currency [Line Items]
Number of exchange rates legally available to us in Venezuela | exchange_rate	2			2
Outstanding requests for currency settlements at the official exchange rate | $	$ 26			$ 26
Foreign currency translation loss/(gain) | $	$ 3	$ (6)		$ 36	$ 1
Impairment of long-lived assets held-for-use | $			$ 53
Official CENCOEX BsF Rate
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	10			10			6.30
Venezuelan BsF on DICOM Market, first auction spot rate
Foreign Currency [Line Items]
Foreign currency exchange rate, translation						2,010
Venezuelan BsF on DICOM market, quarter-to-date average
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	3,030			3,030
Venezuelan BsF on DICOM market, year-to-date average
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	1,707			1,707
Venezuelan BsF on DICOM market, period end spot
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	3,345			3,345

Commitments, Contingencies an68

Commitments, Contingencies and Debt Borrowing Arrangements (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Commercial paper	$ 443	$ 642

Commitments, Contingencies an69

Commitments, Contingencies and Debt Long-Term Debt (Details) - USD ($) $ in Millions	Jun. 07, 2013	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Debt issuance costs			$ 52
Repayments of aggregate principle amount of senior notes		$ 2,000
Nine point zero zero percent cumulative compounding preferred stock, Series A | Berkshire Hathaway
Debt Instrument [Line Items]
9.00% cumulative compounding preferred stock, Series A, dividend percentage	9.00%
Floating rate senior notes due 2019
Debt Instrument [Line Items]
Long-term debt		350
Floating rate senior notes due 2021
Debt Instrument [Line Items]
Long-term debt		650
Floating rate senior notes due 2022
Debt Instrument [Line Items]
Long-term debt		500
Two point one one four percent senior unsecured loan due July 6, 2022
Debt Instrument [Line Items]
Long-term debt		$ 600

Commitments, Contingencies an70

Commitments, Contingencies and Debt Fair Value of Debt (Details) - USD ($) $ in Billions	Sep. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Fair value of total debt	$ 32.9	$ 33.2
Carrying value of total debt	$ 31.5	$ 32.4

Earnings Per Share Basic and Di

Earnings Per Share Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Basic EPS
Net income/(loss) attributable to common shareholders	$ 944	$ 842	$ 2,996	$ 2,508
Weighted average shares of common stock outstanding (in shares)	1,218	1,218	1,218	1,216
Basic earnings/(loss) per share (in dollars per share)	$ 0.78	$ 0.69	$ 2.46	$ 2.06
Diluted EPS
Net earnings/(loss) attributable to common shareholders	$ 944	$ 842	$ 2,996	$ 2,508
Effect of dilutive stock options on basic earnings/(loss) per common share (in shares)	10	10	11	10
Weighted average shares of common stock, including dilutive effect (in shares)	1,228	1,228	1,229	1,226
Diluted earnings/(loss) per share (in dollars per share)	$ 0.77	$ 0.69	$ 2.44	$ 2.05

Earnings Per Share Additional I

Earnings Per Share Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Earnings Per Share [Abstract]
Anti-dilutive shares	2	1	1	3

Segment Reporting Additional In

Segment Reporting Additional Information (Details)	9 Months Ended
	Sep. 30, 2017segment
Segment Reporting [Abstract]
Number of segments	4
Number of reportable segments	3
Number of operating segments in Rest of World reportable segment	2

Segment Reporting Net Sales by

Segment Reporting Net Sales by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Segment Reporting Information [Line Items]
Net sales	$ 6,314	$ 6,267	$ 19,355	$ 19,630
United States
Segment Reporting Information [Line Items]
Net sales	4,380	4,395	13,566	13,802
Canada
Segment Reporting Information [Line Items]
Net sales	559	550	1,599	1,692
Europe
Segment Reporting Information [Line Items]
Net sales	599	558	1,737	1,766
Rest of World
Segment Reporting Information [Line Items]
Net sales	$ 776	$ 764	$ 2,453	$ 2,370

Segment Reporting Segment Adjus

Segment Reporting Segment Adjusted EBITDA (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Segment Reporting Information [Line Items]
General corporate expenses	$ (28)	$ (30)	$ (93)	$ (115)
Depreciation and amortization (excluding integration and restructuring expenses)	(165)	(116)	(434)	(401)
Integration and restructuring expenses	(95)	237	237	781
Merger costs	0	(4)	0	(33)
Unrealized gains/(losses) on commodity hedges	5	(22)	(24)	23
Impairment losses	(1)	0	(49)	(53)
Nonmonetary currency devaluation	0	(1)	0	(4)
Equity award compensation expense (excluding integration and restructuring expenses)	(12)	(10)	(38)	(30)
Operating income	1,661	1,413	5,133	4,562
Interest expense	306	311	926	824
Other expense/(income), net	(4)	(3)	8	(5)
Income/(loss) before income taxes	1,359	1,105	4,199	3,743
United States
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	1,440	1,349	4,478	4,360
Canada
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	162	148	477	491
Europe
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	206	191	578	592
Rest of World
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	$ 149	$ 145	$ 475	$ 513

Segment Reporting Net Sales b76

Segment Reporting Net Sales by Product (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Revenue from External Customer [Line Items]
Net sales	$ 6,314	$ 6,267	$ 19,355	$ 19,630
Condiments and sauces
Revenue from External Customer [Line Items]
Net sales	1,568	1,562	4,791	4,886
Cheese and dairy
Revenue from External Customer [Line Items]
Net sales	1,283	1,288	3,901	4,004
Ambient meals
Revenue from External Customer [Line Items]
Net sales	571	577	1,695	1,726
Frozen and chilled meals
Revenue from External Customer [Line Items]
Net sales	642	642	1,934	1,895
Meats and seafood
Revenue from External Customer [Line Items]
Net sales	663	670	2,018	2,093
Refreshment beverages
Revenue from External Customer [Line Items]
Net sales	371	368	1,180	1,218
Coffee
Revenue from External Customer [Line Items]
Net sales	331	337	1,021	1,076
Infant and nutrition
Revenue from External Customer [Line Items]
Net sales	176	171	575	577
Desserts, toppings and baking
Revenue from External Customer [Line Items]
Net sales	220	216	649	661
Nuts and salted snacks
Revenue from External Customer [Line Items]
Net sales	202	237	686	752
Other
Revenue from External Customer [Line Items]
Net sales	$ 287	$ 199	$ 905	$ 742

Supplemental Financial Inform77

Supplemental Financial Information Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Sep. 30, 2017	Oct. 02, 2016
Condensed Income Statements, Captions [Line Items]
Net sales	$ 6,314	$ 6,267	$ 19,355	$ 19,630
Cost of products sold	4,000	4,049	12,059	12,503
Gross profit	2,314	2,218	7,296	7,127
Selling, general and administrative expenses	653	805	2,163	2,565
Intercompany service fees and other recharges	0	0	0	0
Operating income	1,661	1,413	5,133	4,562
Interest expense	306	311	926	824
Other expense/(income), net	(4)	(3)	8	(5)
Income/(loss) before income taxes	1,359	1,105	4,199	3,743
Provision for/(benefit from) income taxes	416	262	1,205	1,045
Equity in earnings of subsidiaries	0	0	0	0
Net income/(loss)	943	843	2,994	2,698
Net income/(loss) attributable to noncontrolling interest	(1)	1	(2)	10
Net income/(loss) excluding noncontrolling interest	944	842	2,996	2,688
Comprehensive income/(loss) excluding noncontrolling interest	1,167	547	3,539	2,131
Eliminations
Condensed Income Statements, Captions [Line Items]
Net sales	(142)	(172)	(442)	(474)
Cost of products sold	(142)	(172)	(442)	(474)
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	(1,558)	(1,242)	(5,380)	(5,090)
Net income/(loss)	(1,558)	(1,242)	(5,380)	(5,090)
Net income/(loss) attributable to noncontrolling interest	0	0	0	0
Net income/(loss) excluding noncontrolling interest	(1,558)	(1,242)	(5,380)	(5,090)
Comprehensive income/(loss) excluding noncontrolling interest	(2,332)	(832)	(7,890)	(4,144)
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	944	842	2,996	2,688
Net income/(loss)	944	842	2,996	2,688
Net income/(loss) attributable to noncontrolling interest	0	0	0	0
Net income/(loss) excluding noncontrolling interest	944	842	2,996	2,688
Comprehensive income/(loss) excluding noncontrolling interest	1,167	547	3,539	2,131
Subsidiary Issuer | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	4,170	4,206	12,941	13,156
Cost of products sold	2,601	2,700	7,825	8,273
Gross profit	1,569	1,506	5,116	4,883
Selling, general and administrative expenses	155	194	504	778
Intercompany service fees and other recharges	776	795	3,205	3,320
Operating income	638	517	1,407	785
Interest expense	296	294	895	782
Other expense/(income), net	23	(20)	(8)	66
Income/(loss) before income taxes	319	243	520	(63)
Provision for/(benefit from) income taxes	(11)	(199)	(92)	(349)
Equity in earnings of subsidiaries	614	400	2,384	2,402
Net income/(loss)	944	842	2,996	2,688
Net income/(loss) attributable to noncontrolling interest	0	0	0	0
Net income/(loss) excluding noncontrolling interest	944	842	2,996	2,688
Comprehensive income/(loss) excluding noncontrolling interest	1,167	547	3,539	2,131
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	2,286	2,233	6,856	6,948
Cost of products sold	1,541	1,521	4,676	4,704
Gross profit	745	712	2,180	2,244
Selling, general and administrative expenses	498	611	1,659	1,787
Intercompany service fees and other recharges	(776)	(795)	(3,205)	(3,320)
Operating income	1,023	896	3,726	3,777
Interest expense	10	17	31	42
Other expense/(income), net	(27)	17	16	(71)
Income/(loss) before income taxes	1,040	862	3,679	3,806
Provision for/(benefit from) income taxes	427	461	1,297	1,394
Equity in earnings of subsidiaries	0	0	0	0
Net income/(loss)	613	401	2,382	2,412
Net income/(loss) attributable to noncontrolling interest	(1)	1	(2)	10
Net income/(loss) excluding noncontrolling interest	614	400	2,384	2,402
Comprehensive income/(loss) excluding noncontrolling interest	$ 1,165	$ 285	$ 4,351	$ 2,013

Supplemental Financial Inform78

Supplemental Financial Information Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 1,441	$ 4,204
Trade receivables	938	769
Receivables due from affiliates	0	0
Dividends due from affiliates	0	0
Sold receivables	427	129
Inventories	3,188	2,684
Short-term lending due from affiliates	0	0
Other current assets	1,234	967
Total current assets	7,228	8,753
Property, plant and equipment, net	6,934	6,688
Goodwill	44,858	44,125
Investments in subsidiaries	0	0
Intangible assets, net	59,500	59,297
Long-term lending due from affiliates	0	0
Other assets	1,531	1,617
TOTAL ASSETS	120,051	120,480
Commercial paper and other short-term debt	455	645
Current portion of long-term debt	2,755	2,046
Short-term lending due to affiliates	0	0
Trade payables	3,947	3,996
Payables due to affiliates	0	0
Accrued marketing	493	749
Accrued postemployment costs	158	157
Income taxes payable	169	255
Interest payable	295	415
Dividends due to affiliates	0	0
Other current liabilities	1,115	1,238
Total current liabilities	9,387	9,501
Long-term debt	28,299	29,713
Long-term borrowings due to affiliates	0	0
Deferred income taxes	20,898	20,848
Accrued postemployment costs	1,808	2,038
Other liabilities	688	806
TOTAL LIABILITIES	61,080	62,906
Total shareholders' equity	58,759	57,358
Noncontrolling interest	212	216
TOTAL EQUITY	58,971	57,574
TOTAL LIABILITIES AND EQUITY	120,051	120,480
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0
Trade receivables	0	0
Receivables due from affiliates	(930)	(823)
Dividends due from affiliates	(101)	(39)
Sold receivables	0	0
Inventories	0	0
Short-term lending due from affiliates	(5,611)	(4,678)
Other current assets	(2,386)	(1,709)
Total current assets	(9,028)	(7,249)
Property, plant and equipment, net	0	0
Goodwill	0	0
Investments in subsidiaries	(130,855)	(128,235)
Intangible assets, net	0	0
Long-term lending due from affiliates	(3,700)	(3,700)
Other assets	0	0
TOTAL ASSETS	(143,583)	(139,184)
Commercial paper and other short-term debt	0	0
Current portion of long-term debt	0	0
Short-term lending due to affiliates	(5,611)	(4,678)
Trade payables	0	0
Payables due to affiliates	(930)	(823)
Accrued marketing	0	0
Accrued postemployment costs	0	0
Income taxes payable	(2,386)	(1,709)
Interest payable	0	0
Dividends due to affiliates	(101)	(39)
Other current liabilities	0	0
Total current liabilities	(9,028)	(7,249)
Long-term debt	0	0
Long-term borrowings due to affiliates	(3,921)	(3,902)
Deferred income taxes	0	0
Accrued postemployment costs	0	0
Other liabilities	0	0
TOTAL LIABILITIES	(12,949)	(11,151)
Total shareholders' equity	(130,634)	(128,033)
Noncontrolling interest	0	0
TOTAL EQUITY	(130,634)	(128,033)
TOTAL LIABILITIES AND EQUITY	(143,583)	(139,184)
Parent Guarantor | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0	0
Trade receivables	0	0
Receivables due from affiliates		0
Dividends due from affiliates	101	39
Sold receivables	0	0
Inventories	0	0
Short-term lending due from affiliates	0	0
Other current assets	0	0
Total current assets	101	39
Property, plant and equipment, net	0	0
Goodwill	0	0
Investments in subsidiaries	58,759	57,358
Intangible assets, net	0	0
Long-term lending due from affiliates	0	0
Other assets	0	0
TOTAL ASSETS	58,860	57,397
Commercial paper and other short-term debt	0	0
Current portion of long-term debt	0	0
Short-term lending due to affiliates	0	0
Trade payables	0	0
Payables due to affiliates	0	0
Accrued marketing	0	0
Accrued postemployment costs	0	0
Income taxes payable	0	0
Interest payable	0	0
Dividends due to affiliates	0	0
Other current liabilities	101	39
Total current liabilities	101	39
Long-term debt	0	0
Long-term borrowings due to affiliates	0	0
Deferred income taxes	0	0
Accrued postemployment costs	0	0
Other liabilities	0	0
TOTAL LIABILITIES	101	39
Total shareholders' equity	58,759	57,358
Noncontrolling interest	0	0
TOTAL EQUITY	58,759	57,358
TOTAL LIABILITIES AND EQUITY	58,860	57,397
Subsidiary Issuer | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	217	2,830
Trade receivables	4	12
Receivables due from affiliates	725	712
Dividends due from affiliates	0	0
Sold receivables	0	0
Inventories	2,087	1,759
Short-term lending due from affiliates	2,098	1,722
Other current assets	3,229	2,229
Total current assets	8,360	9,264
Property, plant and equipment, net	4,506	4,447
Goodwill	11,067	11,067
Investments in subsidiaries	72,096	70,877
Intangible assets, net	3,258	3,364
Long-term lending due from affiliates	1,700	1,700
Other assets	499	501
TOTAL ASSETS	101,486	101,220
Commercial paper and other short-term debt	443	642
Current portion of long-term debt	2,583	2,032
Short-term lending due to affiliates	3,513	2,956
Trade payables	2,324	2,376
Payables due to affiliates	205	111
Accrued marketing	124	277
Accrued postemployment costs	84	144
Income taxes payable	0	0
Interest payable	284	401
Dividends due to affiliates	101	39
Other current liabilities	497	588
Total current liabilities	10,158	9,566
Long-term debt	27,396	28,736
Long-term borrowings due to affiliates	2,000	2,000
Deferred income taxes	1,368	1,382
Accrued postemployment costs	1,508	1,754
Other liabilities	297	424
TOTAL LIABILITIES	42,727	43,862
Total shareholders' equity	58,759	57,358
Noncontrolling interest	0	0
TOTAL EQUITY	58,759	57,358
TOTAL LIABILITIES AND EQUITY	101,486	101,220
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	1,224	1,374
Trade receivables	934	757
Receivables due from affiliates	205	111
Dividends due from affiliates	0	0
Sold receivables	427	129
Inventories	1,101	925
Short-term lending due from affiliates	3,513	2,956
Other current assets	391	447
Total current assets	7,795	6,699
Property, plant and equipment, net	2,428	2,241
Goodwill	33,791	33,058
Investments in subsidiaries	0	0
Intangible assets, net	56,242	55,933
Long-term lending due from affiliates	2,000	2,000
Other assets	1,032	1,116
TOTAL ASSETS	103,288	101,047
Commercial paper and other short-term debt	12	3
Current portion of long-term debt	172	14
Short-term lending due to affiliates	2,098	1,722
Trade payables	1,623	1,620
Payables due to affiliates	725	712
Accrued marketing	369	472
Accrued postemployment costs	74	13
Income taxes payable	2,555	1,964
Interest payable	11	14
Dividends due to affiliates	0	0
Other current liabilities	517	611
Total current liabilities	8,156	7,145
Long-term debt	903	977
Long-term borrowings due to affiliates	1,921	1,902
Deferred income taxes	19,530	19,466
Accrued postemployment costs	300	284
Other liabilities	391	382
TOTAL LIABILITIES	31,201	30,156
Total shareholders' equity	71,875	70,675
Noncontrolling interest	212	216
TOTAL EQUITY	72,087	70,891
TOTAL LIABILITIES AND EQUITY	$ 103,288	$ 101,047

Supplemental Financial Inform79

Supplemental Financial Information Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Oct. 02, 2016	Dec. 31, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	$ 16	$ 1,016
Cash receipts on sold receivables	1,633	1,850
Capital expenditures	(956)	(836)
Net proceeds from/(payments on) intercompany lending activities	0	0
Additional investments in subsidiaries	0	0
Return of capital		0
Other investing activities, net	47	70
Net cash provided by/(used for) investing activities	724	1,084
Repayments of long-term debt	(2,636)	(74)
Proceeds from issuance of long-term debt	1,496	6,981
Proceeds from issuance of commercial paper	5,495	4,296
Repayments of commercial paper	(5,709)	(3,660)
Net proceeds from/(payments on) intercompany borrowing activities	0	0
Dividends paid-Series A Preferred Stock	0	(180)
Dividends paid-common stock	(2,161)	(2,123)
Redemption of Series A Preferred Stock	0	(8,320)
Other intercompany capital stock transactions	0	0
Other financing activities, net	26	56
Net cash provided by/(used for) financing activities	(3,489)	(3,024)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	43	(17)
Net increase/(decrease)	(2,706)	(941)
Balance at beginning of period	4,255	4,912	$ 4,912
Balance at end of period	1,549	3,971	4,255
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	(2,161)	(1,636)
Cash receipts on sold receivables	0	0
Capital expenditures	0	0
Net proceeds from/(payments on) intercompany lending activities	208	(491)
Additional investments in subsidiaries	15	10
Return of capital		(8,987)
Other investing activities, net	0	0
Net cash provided by/(used for) investing activities	223	(9,468)
Repayments of long-term debt	0	0
Proceeds from issuance of long-term debt	0	0
Proceeds from issuance of commercial paper	0	0
Repayments of commercial paper	0	0
Net proceeds from/(payments on) intercompany borrowing activities	(208)	491
Dividends paid-Series A Preferred Stock		0
Dividends paid-common stock	2,161	2,303
Redemption of Series A Preferred Stock		0
Other intercompany capital stock transactions	(15)	8,310
Other financing activities, net	0	0
Net cash provided by/(used for) financing activities	1,938	11,104
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	0	0
Net increase/(decrease)	0	0
Balance at beginning of period	0	0	0
Balance at end of period	0	0	0
Parent Guarantor | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	2,161	1,636
Cash receipts on sold receivables	0	0
Capital expenditures	0	0
Net proceeds from/(payments on) intercompany lending activities	0	0
Additional investments in subsidiaries	(15)	0
Return of capital		8,987
Other investing activities, net	0	0
Net cash provided by/(used for) investing activities	(15)	8,987
Repayments of long-term debt	0	0
Proceeds from issuance of long-term debt	0	0
Proceeds from issuance of commercial paper	0	0
Repayments of commercial paper	0	0
Net proceeds from/(payments on) intercompany borrowing activities	0	0
Dividends paid-Series A Preferred Stock		(180)
Dividends paid-common stock	(2,161)	(2,123)
Redemption of Series A Preferred Stock		(8,320)
Other intercompany capital stock transactions	0	0
Other financing activities, net	15	0
Net cash provided by/(used for) financing activities	(2,146)	(10,623)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	0	0
Net increase/(decrease)	0	0
Balance at beginning of period	0	0	0
Balance at end of period	0	0	0
Subsidiary Issuer | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	1,185	1,821
Cash receipts on sold receivables	0	0
Capital expenditures	(622)	(605)
Net proceeds from/(payments on) intercompany lending activities	59	565
Additional investments in subsidiaries	0	(10)
Return of capital		0
Other investing activities, net	54	100
Net cash provided by/(used for) investing activities	(509)	50
Repayments of long-term debt	(2,625)	(69)
Proceeds from issuance of long-term debt	1,496	6,978
Proceeds from issuance of commercial paper	5,495	4,296
Repayments of commercial paper	(5,709)	(3,660)
Net proceeds from/(payments on) intercompany borrowing activities	267	74
Dividends paid-Series A Preferred Stock		0
Dividends paid-common stock	(2,161)	(2,303)
Redemption of Series A Preferred Stock		0
Other intercompany capital stock transactions	15	(8,320)
Other financing activities, net	(6)	50
Net cash provided by/(used for) financing activities	(3,228)	(2,954)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	0	0
Net increase/(decrease)	(2,552)	(1,083)
Balance at beginning of period	2,869	3,253	3,253
Balance at end of period	317	2,170	2,869
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	(1,169)	(805)
Cash receipts on sold receivables	1,633	1,850
Capital expenditures	(334)	(231)
Net proceeds from/(payments on) intercompany lending activities	(267)	(74)
Additional investments in subsidiaries	0	0
Return of capital		0
Other investing activities, net	(7)	(30)
Net cash provided by/(used for) investing activities	1,025	1,515
Repayments of long-term debt	(11)	(5)
Proceeds from issuance of long-term debt	0	3
Proceeds from issuance of commercial paper	0	0
Repayments of commercial paper	0	0
Net proceeds from/(payments on) intercompany borrowing activities	(59)	(565)
Dividends paid-Series A Preferred Stock		0
Dividends paid-common stock	0	0
Redemption of Series A Preferred Stock		0
Other intercompany capital stock transactions	0	10
Other financing activities, net	17	6
Net cash provided by/(used for) financing activities	(53)	(551)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	43	(17)
Net increase/(decrease)	(154)	142
Balance at beginning of period	1,386	1,659	1,659
Balance at end of period	$ 1,232	$ 1,801	$ 1,386

Supplemental Financial Inform80

Supplemental Financial Information Reconciliation From Cash and Cash Equivalents to Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016	Oct. 02, 2016	Jan. 03, 2016
Schedule of Cash, Cash Equivalents, and Restricted Cash [Line Items]
Cash and cash equivalents	$ 1,441	$ 4,204
Restricted cash included in other assets (current)	108	42
Restricted cash included in other assets (noncurrent)	0	9
Cash, cash equivalents, and restricted cash	1,549	4,255	$ 3,971	$ 4,912
Eliminations
Schedule of Cash, Cash Equivalents, and Restricted Cash [Line Items]
Cash and cash equivalents	0	0
Restricted cash included in other assets (current)	0	0
Restricted cash included in other assets (noncurrent)		0
Cash, cash equivalents, and restricted cash	0	0	0	0
Parent Guarantor | Reportable Legal Entities
Schedule of Cash, Cash Equivalents, and Restricted Cash [Line Items]
Cash and cash equivalents	0	0
Restricted cash included in other assets (current)	0	0
Restricted cash included in other assets (noncurrent)		0
Cash, cash equivalents, and restricted cash	0	0	0	0
Subsidiary Issuer | Reportable Legal Entities
Schedule of Cash, Cash Equivalents, and Restricted Cash [Line Items]
Cash and cash equivalents	217	2,830
Restricted cash included in other assets (current)	100	39
Restricted cash included in other assets (noncurrent)		0
Cash, cash equivalents, and restricted cash	317	2,869	2,170	3,253
Non-Guarantor Subsidiaries | Reportable Legal Entities
Schedule of Cash, Cash Equivalents, and Restricted Cash [Line Items]
Cash and cash equivalents	1,224	1,374
Restricted cash included in other assets (current)	8	3
Restricted cash included in other assets (noncurrent)		9
Cash, cash equivalents, and restricted cash	$ 1,232	$ 1,386	$ 1,801	$ 1,659