The Kraft Heinz Company (KHC) 10-Q 3 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 28, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Registrant Name	Kraft Heinz Co
Entity Central Index Key	1,637,459
Current Fiscal Year End Date	--12-29
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		1,219,172,261

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Income Statement [Abstract]
Net sales	$ 6,304	$ 6,324
Cost of products sold	4,059	4,125
Gross profit	2,245	2,199
Selling, general and administrative expenses	764	766
Operating income	1,481	1,433
Interest expense	317	313
Other expense/(income), net	(90)	(130)
Income/(loss) before income taxes	1,254	1,250
Provision for/(benefit from) income taxes	261	359
Net income/(loss)	993	891
Net income/(loss) attributable to noncontrolling interest	0	(2)
Net income/(loss) attributable to common shareholders	$ 993	$ 893
Per share data applicable to common shareholders:
Basic earnings/(loss) per share (in dollars per share)	$ 0.81	$ 0.73
Diluted earnings/(loss) per share (in dollars per share)	0.81	0.73
Dividends declared (in dollars per share)	$ 0.625	$ 0.60

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ 993	$ 891
Other comprehensive income/(loss), net of tax:
Foreign currency translation adjustments	197	307
Net deferred gains/(losses) on net investment hedges	(74)	(51)
Net deferred gains/(losses) on cash flow hedges	22	(34)
Net deferred losses/(gains) on cash flow hedges reclassified to net income	(13)	20
Net actuarial gains/(losses) arising during the period	0	(10)
Reclassification of net postemployment benefit losses/(gains)	(58)	(55)
Total other comprehensive income/(loss)	74	177
Total comprehensive income/(loss)	1,067	1,068
Comprehensive income/(loss) attributable to noncontrolling interest	(5)	(4)
Comprehensive income/(loss) attributable to common shareholders	$ 1,072	$ 1,072

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017
ASSETS
Cash and cash equivalents	$ 1,794	$ 1,629
Trade receivables (net of allowances of $24 at March 31, 2018 and $23 at December 30, 2017)	1,044	921
Sold receivables	530	353
Income taxes receivable	150	582
Inventories	3,144	2,815
Other current assets	775	966
Total current assets	7,437	7,266
Property, plant and equipment, net	7,267	7,120
Goodwill	44,843	44,824
Intangible assets, net	59,600	59,449
Other assets	1,640	1,573
TOTAL ASSETS	120,787	120,232
LIABILITIES AND EQUITY
Commercial paper and other short-term debt	1,001	460
Current portion of long-term debt	2,742	2,743
Trade payables	4,241	4,449
Accrued marketing	567	680
Income taxes payable	291	152
Interest payable	345	419
Other current liabilities	1,142	1,229
Total current liabilities	10,329	10,132
Long-term debt	28,561	28,333
Deferred income taxes	14,085	14,076
Accrued postemployment costs	400	427
Other liabilities	949	1,017
TOTAL LIABILITIES	54,324	53,985
Commitments and Contingencies (Note 14)
Redeemable noncontrolling interest	8	6
Equity:
Common stock, $0.01 par value (5,000 shares authorized; 1,222 shares issued and 1,219 shares outstanding at March 31, 2018; 1,221 shares issued and 1,219 shares outstanding at December 30, 2017)	12	12
Additional paid-in capital	58,733	58,711
Retained earnings/(deficit)	8,718	8,589
Accumulated other comprehensive income/(losses)	(975)	(1,054)
Treasury stock, at cost (3 shares at March 31, 2018 and 2 shares at December 30, 2017)	(240)	(224)
Total shareholders' equity	66,248	66,034
Noncontrolling interest	207	207
TOTAL EQUITY	66,455	66,241
TOTAL LIABILITIES AND EQUITY	$ 120,787	$ 120,232

Condensed Consolidated Balance5

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017
Statement of Financial Position [Abstract]
Trade receivables, allowances	$ 23	$ 23
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares issued	1,222,000,000	1,221,000,000
Common stock, shares outstanding	1,219,000,000	1,219,000,000
Treasury stock	3,000,000	2,000,000

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Equity - 3 months ended Mar. 31, 2018 - 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. 30, 2017	$ 66,241	$ 12	$ 58,711	$ 8,589	$ (1,054)	$ (224)	$ 207
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income/(loss) excluding redeemable noncontrolling interest	998			993			5
Other comprehensive income/(loss) excluding redeemable noncontrolling interest	74				79		(5)
Dividends declared-common stock	(762)			(762)
Cumulative effect of accounting standards adopted in the period	(95)			(95)
Exercise of stock options, issuance of other stock awards, and other	(1)		22	(7)		(16)
Ending balance at Mar. 31, 2018	$ 66,455	$ 12	$ 58,733	$ 8,718	$ (975)	$ (240)	$ 207

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)	$ 993	$ 891
Adjustments to reconcile net income/(loss) to operating cash flows:
Depreciation and amortization	234	262
Amortization of postretirement benefit plans prior service costs/(credits)	(106)	(82)
Equity award compensation expense	7	11
Deferred income tax provision/(benefit)	(47)	105
Pension contributions	(5)	(11)
Nonmonetary currency devaluation	47	8
Other items, net	(12)	8
Changes in current assets and liabilities:
Trade receivables	(712)	(1,040)
Inventories	(312)	(492)
Accounts payable	(69)	62
Other current assets	9	(67)
Other current liabilities	386	(270)
Net cash provided by/(used for) operating activities	413	(615)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash receipts on sold receivables	436	464
Capital expenditures	(223)	(368)
Payments to acquire business, net of cash acquired	215	0
Other investing activities, net	6	38
Net cash provided by/(used for) investing activities	4	134
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of commercial paper	1,524	2,324
Repayments of commercial paper	(1,006)	(2,068)
Dividends paid-common stock	(897)	(736)
Other financing activities, net	3	(25)
Net cash provided by/(used for) financing activities	(376)	(505)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(10)	13
Cash, cash equivalents, and restricted cash
Net increase/(decrease)	31	(973)
Balance at beginning of period	1,769	4,255
Balance at end of period	1,800	3,282
Non-cash investing activities:
Beneficial interest obtained in exchange for securitized trade receivables	$ 613	$ 880

Background and Basis of Present

Background and Basis of Presentation (Notes)	3 Months Ended
	Mar. 31, 2018
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 30, 2017 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 30, 2017. 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 2017, the Financial Accounting Standards Board (the “FASB”) issued accounting standards update (“ASU”) 2017-07 related to the presentation of net periodic benefit cost (pension and postretirement cost). This ASU became 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 is 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. In the first quarter of 2018, we adopted this ASU using the practical expedient described above. The impact of retrospectively adopting this ASU on our historical statement of income is included in the table below. There was no associated impact to our condensed consolidated balance sheet at December 30, 2017 or our condensed consolidated statement of cash flows for the three months ended April 1, 2017 . In May 2014, the FASB issued ASU 2014-09, which superseded previously existing revenue recognition guidance. Under this ASU, companies must 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. 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. The ASU also provides for certain practical expedients, including the option to expense as incurred the incremental costs of obtaining a contract, if the contract period is for one year or less. This ASU was effective beginning in the first quarter of our fiscal year 2018. We adopted this ASU in the first quarter of 2018 using the full retrospective method and the practical expedient described above. Upon adoption, we made the following policy elections: (i) we account for shipping and handling costs as contract fulfillment costs, and (ii) we exclude taxes imposed on and collected from customers in revenue producing transactions (e.g., sales, use, and value added taxes) from the transaction price. The impact of adopting this guidance was immaterial to our financial statements and related disclosures. While the impact of the adoption of ASU 2014-09 was immaterial, at the same time we retrospectively corrected immaterial misclassifications in our statements of income principally related to customer incentive program expenses. The impact on our statement of income for the three months ended April 1, 2017 was a decrease to net sales of $40 million , a decrease to cost of products sold of $38 million , and a decrease to selling, general and administrative expenses (“SG&A”) of $2 million . These impacts are included in the table below. There was no associated impact to our condensed consolidated balance sheet at December 30, 2017 or our condensed consolidated statement of cash flows for the three months ended April 1, 2017 . The impacts of these ASUs and reclassifications on our historical statement of income were as follows (in millions): For the Three Months Ended April 1, 2017 As Reported Adjustment As Adjusted Net sales $ 6,364 $ (40 ) $ 6,324 Cost of products sold 4,063 62 4,125 Gross profit 2,301 (102 ) 2,199 Selling, general and administrative expenses 750 16 766 Operating income 1,551 (118 ) 1,433 Other expense/(income), net (12 ) (118 ) (130 ) Income/(loss) before income taxes 1,250 — 1,250 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 became effective beginning in the first quarter of our fiscal year 2018. We adopted this new guidance on a modified retrospective basis through a cumulative-effect adjustment of $95 million to decrease retained earnings in the first quarter of 2018. In January 2017, the FASB issued ASU 2017-01 clarifying the definition of a business used in determining whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The ASU provides a screen for entities to determine if an integrated set of assets and activities (“set”) is not a business. If substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If this screen is not met, the entity then determines if the set meets the minimum requirement of a business. For a set to be a business, it must include an input and a substantive process which together significantly contribute to the ability to create outputs. This ASU became effective beginning in the first quarter of our fiscal year 2018. We adopted this ASU on a prospective basis. The adoption of this ASU did not impact our financial statements or related disclosures. Accounting Standards Not Yet Adopted: In February 2016, the FASB issued ASU 2016-02 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 updated guidance requires lessees to reflect most leases on their balance sheets as assets and obligations. The ASU also provides for certain practical expedients, which we are considering for adoption. This includes ASU 2018-01, which provides a practical expedient that allows companies to exclude existing or expired land easements from the lease assessment (though new land easements entered into after adoption must be assessed). This ASU will be effective beginning in the first quarter of our fiscal year 2019. Early adoption is permitted. The guidance must be adopted using a modified retrospective transition. We are currently evaluating the impact this ASU will have on our financial statements and related disclosures. We have completed our scoping reviews, identified our significant leases by geography and by asset type, and made progress in developing accounting policies and policy elections upon adoption of the standard. We have also developed a lease data extraction strategy and commenced data extraction efforts. Furthermore, we have identified an accounting system to support the future state leasing process and have started to develop our future state process design as part of the overall system implementation. 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 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 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. 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. In February 2018, the FASB issued ASU 2018-02 related to reclassifying tax effects stranded in accumulated other comprehensive income because of the Tax Cuts and Jobs Act enacted on December 22, 2017 (“U.S. Tax Reform”). U.S. Tax Reform reduced the U.S. federal corporate tax rate from 35.0% to 21.0%. Accounting Standards Codification Topic 740, Income Taxes , (“ASC 740”) requires the remeasurement of deferred tax assets and liabilities as a result of such changes in tax laws or rates to be presented in net income from continuing operations. However, the related tax effects of such deferred tax assets and liabilities may have been originally recorded in other comprehensive income. This ASU allows companies to reclassify such stranded tax effects from accumulated other comprehensive income to retained earnings. This reclassification adjustment is optional, and if elected, may be applied either to the period of adoption or retrospectively to the period(s) impacted by U.S. Tax Reform. Additionally, this ASU requires companies to disclose the policy election for stranded tax effects as well as the general accounting policy for releasing income tax effects from accumulated other comprehensive income. This guidance is effective in the first quarter of 2019. Early adoption is permitted, including in an interim period. We are currently evaluating the impact this ASU will have on our financial statements and related disclosures, including the timing of adoption and the application method. Significant Accounting Policies The following significant accounting policies were updated in the first quarter of 2018 to reflect changes upon adoption of ASU 2014-09 and ASU 2017-07. There were no other changes to our accounting policies from those disclosed in our Annual Report on Form 10-K for the year ended December 30, 2017. Revenue Recognition: Our revenues are primarily derived from customer orders for the purchase of our products. We recognize revenues as performance obligations are fulfilled when control passes to our customers. We record revenues net of variable consideration including consumer incentives and performance obligations related to trade promotions, excluding taxes, and including all shipping and handling charges billed to customers (accounting for shipping and handling charges that occur after the transfer of control as fulfillment costs). We also record a refund liability for estimated product returns and customer allowances as reductions to revenues within the same period that the revenue is recognized. We base these estimates principally on historical and current period experience factors. We recognize costs paid to third party brokers to obtain contracts as expenses as our contracts are generally less than one year. Advertising, Consumer Incentives, and Trade Promotions: We promote our products with advertising, consumer incentives, and performance obligations related to trade promotions. Consumer incentives and trade promotions include, but are not limited to, discounts, coupons, rebates, performance based in-store display activities, and volume-based incentives. Variable consideration related to consumer incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated as being due to customers and consumers at the end of a period. We base these estimates principally on historical utilization, redemption rates, or current period experience factors. We review and adjust these estimates each quarter based on actual experience and other information. Postemployment Benefit Plans: We maintain various retirement plans for the majority of our employees. These include pension benefits, postretirement health care benefits, and defined contribution benefits. The cost of these plans is charged to expense over the working life of the covered employees. We generally amortize net actuarial gains or losses in future periods within other expense/(income), net.

Acquisition (Notes)

Acquisition (Notes)	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Acquisition	Acquisition On March 9, 2018 (the “Acquisition Date”), we acquired all of the outstanding equity interests in Cerebos Pacific Limited (“Cerebos”) (the “Acquisition”), an Australian and New Zealand food and beverage company with several iconic local brands. The Cerebos business manufactures, markets, and sells food and beverage products, including gravies, sauces, instant coffee, salt, herbs and spices, and tea. We have elected to exclude the results of Cerebos from the Acquisition Date through March 31, 2018 from our condensed consolidated statement of income for the first quarter of 2018. These results were insignificant and we expect to record them in the second quarter of 2018. The preliminary opening balance sheet of Cerebos was included in our condensed consolidated balance sheet at March 31, 2018. We have not included unaudited pro forma results, prepared in accordance with ASC 805, as if Cerebos had been acquired as of January 1, 2018, as it would not yield materially different results. The Acquisition was accounted for under the acquisition method of accounting for business combinations. The total consideration paid for Cerebos was approximately $238 million . We utilized estimated fair values at the Acquisition Date to allocate the total consideration exchanged to the net tangible and intangible assets acquired and liabilities assumed. The purchase price allocation for the Acquisition is preliminary and subject to adjustments. The fair value estimates of the assets acquired are subject to adjustment during the measurement period (up to one year from the Acquisition Date). The primary areas of accounting for the Acquisition that are not yet finalized relate to the fair value of certain tangible and intangible assets acquired, residual goodwill, and any related tax impact. The fair values of these net assets acquired are based on management’s estimates and assumptions, as well as other information compiled by management, including valuations that utilize customary valuation procedures and techniques. While we believe that such preliminary estimates provide a reasonable basis for estimating the fair value of assets acquired and liabilities assumed, we will evaluate any necessary information prior to finalization of the fair value. During the measurement period, we will adjust preliminary valuations assigned to assets and liabilities if new information is obtained about facts and circumstances that existed as of the Acquisition Date, if any, that, if known, would have resulted in revised values for these items as of that date. The impact of all changes, if any, that do not qualify as measurement period adjustments will be included in current period earnings. The preliminary purchase price allocation to assets acquired and liabilities assumed in the Acquisition was (in millions): Cash $ 23 Other current assets 65 Property, plant and equipment, net 77 Identifiable intangible assets 100 Trade and other payables (40 ) Other non-current liabilities (4 ) Net assets acquired 221 Goodwill on acquisition 17 Total consideration $ 238 The Acquisition preliminarily resulted in $17 million of non tax deductible goodwill relating principally to planned expansion of Cerebos brands into new categories and markets. Goodwill has been allocated to our segments as shown in Note 6, Goodwill and Intangible Assets . The preliminary purchase price allocation to identifiable intangible assets acquired is: Fair Value (in millions of dollars) Weighted Average Life (in years) Definite-lived trademarks $ 87 22 Customer-related assets 13 12 Total $ 100 We valued trademarks using the relief from royalty method and customer-related assets using the distributor method. Some of the more significant assumptions inherent in developing the valuations included the estimated annual net cash flows for each definite-lived intangible asset (including net sales, cost of products sold, selling and marketing costs, and working capital/contributory asset charges), the discount rate that appropriately reflects the risk inherent in each future cash flow stream, the assessment of each asset’s life cycle, and competitive trends, as well as other factors. We determined the assumptions used in the financial forecasts using historical data, supplemented by current and anticipated market conditions, estimated product category growth rates, management plans, and market comparables. We used carrying values as of the Acquisition Date to value trade receivables and payables, as well as certain other current and non-current assets and liabilities, as we determined that they represented the fair value of those items at the Acquisition Date. We valued finished goods and work-in-process inventory using a net realizable value approach. Raw materials and packaging inventory was valued using the replacement cost approach. We valued property, plant and equipment using a combination of the income approach, the market approach and the cost approach, which is based on current replacement and/or reproduction cost of the asset as new, less depreciation attributable to physical, functional, and economic factors. We incurred merger costs of $9 million for the three months ended March 31, 2018 related to the Acquisition.

Integration and Restructuring E

Integration and Restructuring Expenses (Notes)	3 Months Ended
	Mar. 31, 2018
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: In July 2015, 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. As of December 30, 2017, we had substantially completed our Integration Program. Approximately 60% of total Integration Program costs were reflected in cost of products sold and approximately 60% were cash expenditures. Overall, as part of the Integration Program, we closed net six factories, consolidated our distribution network, and eliminated 4,900 positions. The Integration Program liability at March 31, 2018 related primarily to lease terminations in the U.S. and Canada. As of March 31, 2018 , we have incurred cumulative costs of $2,113 million , including $58 million for the three months ended March 31, 2018 and $127 million for the three months ended April 1, 2017 . The $2,113 million of cumulative costs included $539 million of severance and employee benefit costs, $878 million of non-cash asset-related costs, $588 million of other implementation costs, and $108 million of other exit costs. The related amounts incurred during the three months ended March 31, 2018 were $20 million of non-cash asset-related costs and $38 million of other implementation costs. We expect to incur additional Integration Program costs of approximately $30 million , primarily in the second quarter of 2018. 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 30, 2017 $ 24 $ 22 $ 46 Cash payments (5 ) (1 ) (6 ) Non-cash utilization (9 ) — (9 ) Balance at March 31, 2018 $ 10 $ 21 $ 31 (a) Other exit costs primarily consist of lease and contract terminations. We expect the liability for severance and employee benefit costs as of March 31, 2018 to be paid by 2019. The liability for other exit costs primarily relates to lease obligations. 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, we expect to eliminate approximately 700 positions, 70 of whom left the Company in the first quarter of 2018. These programs resulted in expenses of $32 million during the three months ended March 31, 2018 , including $21 million of severance and employee benefit costs and $11 million of other implementation costs. Other restructuring program expenses totaled $21 million for the three months ended April 1, 2017 . 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 30, 2017 $ 16 $ 25 $ 41 Charges/(credits) 21 — 21 Cash payments (6 ) (1 ) (7 ) Non-cash utilization 9 — 9 Balance at March 31, 2018 $ 40 $ 24 $ 64 (a) Other exit costs primarily consist of lease and contract terminations. We expect a substantial portion of the liability for severance and employee benefit costs as of March 31, 2018 to be paid in 2018. The liability for other exit costs primarily relates to lease obligations. The cash impact of these obligations will continue for the duration of the lease terms, which expire between 2018 and 2026. Total Integration and Restructuring: Total expenses related to the Integration Program and restructuring activities, by income statement caption, were (in millions): March 31, April 1, Severance and employee benefit costs - COGS $ 16 $ 12 Severance and employee benefit costs - SG&A 5 19 Severance and employee benefit costs - Other expense/(income), net — 13 Asset-related costs - COGS 20 75 Asset-related costs - SG&A — 7 Other costs - COGS 40 9 Other costs - SG&A 9 13 $ 90 $ 148 We do not include Integration Program and restructuring expenses within Segment Adjusted EBITDA (as defined in Note 16, Segment Reporting ). The pre-tax impact of allocating such expenses to our segments would have been (in millions): March 31, April 1, United States $ 52 $ 108 Canada 3 10 EMEA 21 14 Rest of World — — General corporate expenses 14 16 $ 90 $ 148 In the first quarter of 2018, we reorganized our segment structure to move our Middle East and Africa businesses from the Rest of World segment to the Europe, Middle East, and Africa (“EMEA”) reportable segment. We have reflected this change in all historical periods presented. This change did not have a material impact on our current or any prior period results. See Note 16, Segment Reporting , for additional information.

Restricted Cash (Notes)

Restricted Cash (Notes)	3 Months Ended
	Mar. 31, 2018
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): March 31, December 30, 2017 Cash and cash equivalents $ 1,794 $ 1,629 Restricted cash included in other assets (current) 6 140 Cash, cash equivalents, and restricted cash $ 1,800 $ 1,769

Inventories (Notes)

Inventories (Notes)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in millions): March 31, 2018 December 30, 2017 Packaging and ingredients $ 588 $ 560 Work in process 478 439 Finished product 2,078 1,816 Inventories $ 3,144 $ 2,815

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Notes)	3 Months Ended
	Mar. 31, 2018
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 EMEA Rest of World Total Balance at December 30, 2017 $ 33,700 $ 5,246 $ 3,238 $ 2,640 $ 44,824 Translation adjustments — (128 ) 107 23 2 Acquisition — — — 17 17 Balance at March 31, 2018 $ 33,700 $ 5,118 $ 3,345 $ 2,680 $ 44,843 In the first quarter of 2018, we reorganized our segment structure to move our Middle East and Africa businesses from the Rest of World segment to the EMEA reportable segment. We have reflected this change in all historical periods presented. Accordingly, the segment goodwill balances at December 30, 2017 reflect an increase of $179 million in EMEA and a corresponding decrease in Rest of World. This change did not have a material impact on our current or any prior period results. See Note 16, Segment Reporting , for additional information. See Note 2, Acquisition , for additional information related to our acquisition of Cerebos. 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 20 reporting units and had an aggregate carrying value of $44.8 billion as of March 31, 2018 . As a majority of our goodwill was recently recorded in connection with business combinations that occurred in 2015 and 2013, representing fair values as of the respective transaction 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 period ended March 31, 2018 that indicated it was more likely than not that our goodwill was impaired. There were no accumulated impairment losses to goodwill as of March 31, 2018 . Indefinite-lived intangible assets: Changes in the carrying amount of indefinite-lived intangible assets, which primarily consisted of trademarks, were (in millions): Balance at December 30, 2017 $ 53,655 Translation adjustments 102 Balance at March 31, 2018 $ 53,757 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 $49 million in SG&A in the second quarter of 2017. This loss was due to continued declines in nutritional beverages in India. The loss was recorded in our EMEA 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 $53.8 billion as of March 31, 2018 . As a majority of our indefinite-lived intangible assets were recently recorded in connection with business combinations that occurred in 2015 and 2013, representing fair values as of the respective transaction 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 period ended March 31, 2018 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): March 31, 2018 December 30, 2017 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trademarks $ 2,478 $ (317 ) $ 2,161 $ 2,386 $ (288 ) $ 2,098 Customer-related assets 4,254 (588 ) 3,666 4,231 (544 ) 3,687 Other 21 (5 ) 16 14 (5 ) 9 $ 6,753 $ (910 ) $ 5,843 $ 6,631 $ (837 ) $ 5,794 Amortization expense for definite-lived intangible assets was $70 million for the three months ended March 31, 2018 and $67 million for the three months ended April 1, 2017 . Additionally, we recorded $87 million of trademarks and $13 million of customer-related assets as part of the Cerebos acquisition. Aside from amortization expense and purchase accounting adjustments, the changes in definite-lived intangible assets from December 30, 2017 to March 31, 2018 primarily reflect the impact of foreign currency. We estimate that amortization expense related to definite-lived intangible assets will be approximately $275 million for each of the next five years.

Income Taxes (Notes)

Income Taxes (Notes)	3 Months Ended
	Mar. 31, 2018
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 20.8% for the three months ended March 31, 2018 compared to 28.7% for the three months ended April 1, 2017 . The decrease in our effective tax rate was mostly driven by the favorable impact of U.S. Tax Reform, primarily related to the lower federal corporate tax rate. This favorability was partially offset by tax associated with certain provisions of U.S. Tax Reform such as the federal tax on GILTI (defined below) . Additionally, in the prior year we had favorability from net discrete items, primarily related to reversals of uncertain tax position reserves in foreign jurisdictions. U.S. Tax Reform legislation enacted by the federal government on December 22, 2017 significantly changed U.S. tax law by, among other things, lowering the federal corporate tax rate from 35.0% to 21.0% , effective January 1, 2018, and imposing a one-time toll charge on deemed repatriated earnings of foreign subsidiaries as of December 30, 2017. In addition, there were many new provisions, including changes to bonus depreciation, the deduction for executive compensation and interest expense, a tax on global intangible low-taxed income provisions (“GILTI”), the base erosion anti-abuse tax (“BEAT”), and a deduction for foreign-derived intangible income (“FDII”). Staff Accounting Bulletin No. 118 (“SAB 118”) issued by the SEC in December 2017 provides us with up to one year to finalize accounting for the impacts of U.S. Tax Reform. When the initial accounting for U.S Tax Reform impacts is incomplete, we may include provisional amounts when reasonable estimates can be made. As of December 30, 2017, we had made reasonable estimates of our deferred income tax benefit related to the corporate rate change, the toll charge, and other tax expenses, including a change in our indefinite reinvestment assertion related to historic earnings of foreign subsidiaries as of December 30, 2017. In the first quarter of 2018, we recorded a measurement period adjustment to reduce income tax expense and reduce deferred tax liabilities each by approximately $20 million . We did not record any other measurement period adjustments to our provisional U.S. Tax Reform amounts during the three months ended March 31, 2018. The ultimate impacts of U.S. Tax Reform may differ from our provisional amounts due to gathering additional information to more precisely compute the amount of tax, changes in interpretations and assumptions, additional regulatory guidance that may be issued, and actions we may take. We expect to revise our U.S. Tax Reform impact estimates as we refine our analysis of the new rules and as new guidance is issued. We expect to finalize accounting for the impacts of U.S. Tax Reform when the 2017 U.S. corporate income tax return is filed in 2018. We have undistributed historic earnings in foreign subsidiaries which are currently not considered to be indefinitely reinvested. We have recorded a reasonable estimate of deferred taxes of $96 million as of March 31, 2018 to reflect local country withholding taxes that will be owed when this cash is distributed in the future. Additionally, as of March 31, 2018, we consider the unremitted current year earnings of certain international subsidiaries that impose local country taxes on dividends to be indefinitely reinvested. For those undistributed earnings considered to be indefinitely reinvested, our intent is to reinvest these funds in our international operations and our current plans do not demonstrate a need to repatriate the accumulated earnings to fund our U.S. cash requirements. See Note 8, Income Taxes , to our consolidated financial statements for the year ended December 30, 2017 in our Annual Report on Form 10-K for additional information related to U.S. Tax Reform impacts.

Employees' Stock Incentive Plan

Employees' Stock Incentive Plans (Notes)	3 Months Ended
	Mar. 31, 2018
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 2018. Other off-cycle equity grants and vesting 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 30, 2017 19,289,564 $ 41.63 Granted 1,420,250 66.89 Forfeited (408,067 ) 44.45 Exercised (476,048 ) 32.19 Outstanding at March 31, 2018 19,825,699 43.61 The aggregate intrinsic value of stock options exercised during the period was $20 million for the three months ended March 31, 2018 . 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 30, 2017 1,284,262 $ 81.91 Granted 1,352,251 58.78 Forfeited (49,633 ) 86.85 Vested (113,671 ) 73.12 Outstanding at March 31, 2018 2,473,209 69.57 The aggregate fair value of RSUs that vested during the period was $8 million for the three months ended March 31, 2018 . Performance Share Units: Our performance share unit (“PSU”) activity and related information was: Number of Units Weighted Average Grant Date Fair Value (per share) Outstanding at December 30, 2017 815,383 $ 70.16 Granted 2,595,333 56.82 Forfeited (32,812 ) 69.02 Outstanding at March 31, 2018 3,377,904 59.92

Postemployment Benefits (Notes)

Postemployment Benefits (Notes)	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Postemployment Benefits	Postemployment Benefits We capitalize a portion of net pension and postretirement cost/(benefit) into inventory based on our production activities. The amounts capitalized into inventory as of March 31, 2018 and April 1, 2017 are included in the net pension and postretirement cost/(benefit) tables below. Beginning January 1, 2018, only the service cost component of net pension and postretirement cost/(benefit) is capitalized into inventory. As part of the adoption of ASU 2017-07, we recognized a one-time favorable credit of $42 million within cost of products sold related to amounts that were previously capitalized into inventory. Included in this credit was $28 million related to prior service credits that were previously capitalized to inventory. Pension Plans Components of Net Pension Cost/(Benefit): Net pension cost/(benefit) consisted of the following (in millions): For the Three Months Ended U.S. Plans Non-U.S. Plans March 31, April 1, March 31, April 1, Service cost $ 2 $ 3 $ 5 $ 4 Interest cost 39 45 19 16 Expected return on plan assets (63 ) (65 ) (48 ) (43 ) Amortization of unrecognized losses/(gains) — — 1 — Special/contractual termination benefits — 7 1 6 Other — 2 — (9 ) Net pension cost/(benefit) $ (22 ) $ (8 ) $ (22 ) $ (26 ) We present all non-service cost components of net pension cost/(benefit) within other expense/(income), net on our condensed consolidated statements of income. Employer Contributions: During the three months ended March 31, 2018 , we contributed $5 million to our non-U.S. pension plans. We did no t contribute to our U.S. pension plans. Based on our contribution strategy, we plan to make further contributions of approximately $50 million to our non-U.S. pension plans during the remainder of 2018. We do no t plan to make contributions to our U.S. pension plans in 2018. However, 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 March 31, April 1, Service cost $ 2 $ 2 Interest cost 11 13 Expected return on plan assets (12 ) — Amortization of prior service costs/(credits) (78 ) (90 ) Net postretirement cost/(benefit) $ (77 ) $ (75 ) We present all non-service cost components of net postretirement cost/(benefit) within other expense/(income), net on our condensed consolidated statements of income. Employer Contributions: During the three months ended March 31, 2018 , we contributed $17 million to our postretirement benefit plans. Based on our contribution strategy, we plan to make further contributions of approximately $10 million to our postretirement benefit plans during the remainder of 2018. However, our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual postretirement plan asset performance or interest rates, or other factors.

Financial Instruments (Notes)

Financial Instruments (Notes)	3 Months Ended
	Mar. 31, 2018
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 30, 2017 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 outstanding derivative instruments were (in millions): March 31, 2018 December 30, 2017 Commodity contracts $ 389 $ 272 Foreign exchange contracts 3,447 2,876 Cross-currency contracts 3,161 3,161 Fair Value of Derivative Instruments: The fair values and the levels within the fair value hierarchy of derivative instruments recorded on the condensed consolidated balance sheets were (in millions): March 31, 2018 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 $ — $ — $ 12 $ 28 $ — $ — $ 12 $ 28 Cross-currency contracts — — 329 — — — 329 — Derivatives not designated as hedging instruments: Commodity contracts 6 11 — — — — 6 11 Foreign exchange contracts — — 14 5 — — 14 5 Cross-currency contracts — — 18 — — — 18 — Total fair value $ 6 $ 11 $ 373 $ 33 $ — $ — $ 379 $ 44 December 30, 2017 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 $ — $ — $ 8 $ 42 $ — $ — $ 8 $ 42 Cross-currency contracts — — 344 — — — 344 — Derivatives not designated as hedging instruments: Commodity contracts 4 8 — — — — 4 8 Foreign exchange contracts — — 17 3 — — 17 3 Cross-currency contracts — — 19 — — — 19 — Total fair value $ 4 $ 8 $ 388 $ 45 $ — $ — $ 392 $ 53 Our derivative financial instruments are subject to master netting arrangements that allow for the offset of assets and liabilities in the event of default or early termination of the contract. We elect to record the gross assets and liabilities of our derivative financial instruments on the condensed consolidated balance sheets. If the derivative financial instruments had been netted on the condensed consolidated balance sheets, the asset and liability positions each would have been reduced by $30 million at March 31, 2018 and $23 million at December 30, 2017 . No material amounts of collateral were received or posted on our derivative assets and liabilities at March 31, 2018 . 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 swaps, foreign exchange forwards and swaps, and cross-currency swaps. Commodity swaps 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 and swaps 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 March 31, 2018 , the principal amounts of foreign denominated debt designated as net investment hedges totaled €2,550 million and £400 million . At March 31, 2018 , 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 March 31, 2018 , we had Chinese renminbi foreign exchange contracts with an aggregate USD notional amount of $221 million . Hedge Coverage: At March 31, 2018 , 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 21 months; and • cross-currency contracts for periods not exceeding the next 21 months. At March 31, 2018 , 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 nine months; and • foreign exchange contracts for periods not exceeding the next 11 months. • cross-currency contracts for periods not exceeding the next 19 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 March 31, 2018 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 insignificant. Additionally, we expect transfers to net income/(loss) of unrealized losses for interest rate cash flow hedges during the next 12 months to be insignificant. Derivative Impact on the Statements of Income and Statements of Comprehensive Income: The following tables present the pre-tax effect of derivative instruments on the condensed consolidated statements of income and statements of comprehensive income: March 31, April 1, 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) $ — $ 25 $ — $ — $ — $ (39 ) $ — $ — Net investment hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) — (11 ) (11 ) — — (4 ) (30 ) — Total gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ 14 $ (11 ) $ — $ — $ (43 ) $ (30 ) $ — Cash flow hedges reclassified to net income/(loss): Cost of products sold (effective portion) $ — $ (5 ) $ — $ — $ — $ (1 ) $ — $ — Other expense/(income), net — 18 — — — (15 ) — — Interest expense — — — (1 ) — — — (1 ) — 13 — (1 ) — (16 ) — (1 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold (5 ) — — — (37 ) — — — Gains/(losses) on derivatives recognized in other expense/(income), net — 20 (1 ) — — 2 (1 ) — (5 ) 20 (1 ) — (37 ) 2 (1 ) — Total gains/(losses) recognized in statements of income $ (5 ) $ 33 $ (1 ) $ (1 ) $ (37 ) $ (14 ) $ (1 ) $ (1 ) Related to our non-derivative, foreign denominated debt instruments designated as net investment hedges, we recognized pre-tax losses of $103 million for the three months ended March 31, 2018 and $44 million for the three months ended April 1, 2017 . These amounts were recognized in other comprehensive income/(loss) for the periods then ended.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Losses) (Notes)	3 Months Ended
	Mar. 31, 2018
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 30, 2017 $ (1,587 ) $ 549 $ (16 ) $ (1,054 ) Foreign currency translation adjustments 202 — — 202 Net deferred gains/(losses) on net investment hedges (74 ) — — (74 ) Net deferred gains/(losses) on cash flow hedges — — 22 22 Net deferred losses/(gains) on cash flow hedges reclassified to net income — — (13 ) (13 ) Reclassification of net postemployment benefit losses/(gains) — (58 ) — (58 ) Total other comprehensive income/(loss) 128 (58 ) 9 79 Balance as of March 31, 2018 $ (1,459 ) $ 491 $ (7 ) $ (975 ) 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 March 31, April 1, Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 202 $ — $ 202 $ 309 $ — $ 309 Net deferred gains/(losses) on net investment hedges (125 ) 51 (74 ) (78 ) 27 (51 ) Net deferred gains/(losses) on cash flow hedges 25 (3 ) 22 (39 ) 5 (34 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income (12 ) (1 ) (13 ) 17 3 20 Net actuarial gains/(losses) arising during the period — — — (12 ) 2 (10 ) Reclassification of net postemployment benefit losses/(gains) (77 ) 19 (58 ) (90 ) 35 (55 ) 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 March 31, April 1, Losses/(gains) on cash flow hedges: Foreign exchange contracts $ 5 $ 1 Cost of products sold Foreign exchange contracts (18 ) 15 Other expense/(income), net Interest rate contracts 1 1 Interest expense Losses/(gains) on cash flow hedges before income taxes (12 ) 17 Losses/(gains) on cash flow hedges, income taxes (1 ) 3 Losses/(gains) on cash flow hedges $ (13 ) $ 20 Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) $ 1 $ — (a) Amortization of prior service costs/(credits) (78 ) (90 ) (a) Losses/(gains) on postemployment benefits before income taxes (77 ) (90 ) Losses/(gains) on postemployment benefits, income taxes 19 35 Losses/(gains) on postemployment benefits $ (58 ) $ (55 ) (a) These components are included in the computation of net periodic postemployment benefit costs. See Note 9, 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.

Venezuela - Foreign Currency an

Venezuela - Foreign Currency and Inflation (Notes)	3 Months Ended
	Mar. 31, 2018
Foreign Currency [Abstract]
Venezuela - Foreign Currency and Inflation	Venezuela - Foreign Currency and Inflation We have a subsidiary in Venezuela that manufactures and sells a variety of products, primarily in the condiments and sauces and infant and nutrition categories. We apply highly inflationary accounting to the results of our Venezuelan subsidiary and include these results in our consolidated financial statements. Under highly inflationary accounting, the functional currency of our Venezuelan subsidiary is the U.S. dollar (the reporting currency of Kraft Heinz), although the majority of its transactions are in Venezuelan bolivars. As a result, we must revalue the results of our Venezuelan subsidiary to U.S. dollars. We revalue the income statement using daily weighted average DICOM rates, and we revalue the bolivar denominated monetary assets and liabilities at the period-end DICOM spot rate. The resulting revaluation gains and losses are recorded in current net income, rather than accumulated other comprehensive income. These gains and losses are classified within other expense/(income), net as nonmonetary currency devaluation on our condensed consolidated statements of income. In February 2018, the Venezuelan government eliminated the official exchange rate of BsF 10 per U.S. dollar, which was available through the Sistema de Divisa Protegida (“DIPRO”) for purchases and sales of essential items, including food products. At December 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 DIPRO rate until March 10, 2016). Following the elimination of this preferential rate, we determined that these outstanding requests, which were approved by the Venezuelan government, were no longer collectible. There was no impact on our condensed consolidated statement of income for the three months ended March 31, 2018 . Following elimination of the DIPRO rate, the Sistema de Divisa Complementaria (“DICOM”) is the only foreign currency exchange mechanism legally available to us for converting Venezuelan bolivars to U.S. dollars. The auction-based DICOM system was temporarily frozen in September 2017 but reopened in February 2018. The last published DICOM rate before the auction freeze was BsF 3,345 per U.S. dollar compared to BsF 25,000 per U.S. dollar upon reopening in February 2018. The DICOM rate at March 31, 2018 was BsF 49,478 per U.S. dollar. We did not obtain any U.S. dollars at DICOM rates during the three months ended March 31, 2018. As of March 31, 2018, we believe the DICOM rate is the most appropriate legally available rate at which to translate the results of our Venezuelan subsidiary. We continue to monitor the DICOM rate, and the nonmonetary assets supported by the underlying operations in Venezuela, for impairment. We remeasured the bolivar denominated assets and liabilities of our Venezuelan subsidiary at March 31, 2018 using the DICOM spot rate of BsF 49,478 per U.S. dollar. We remeasured the income statement of our Venezuelan subsidiary for the three months ended March 31, 2018 using a weighted average rate of BsF 18,081 per U.S. dollar. Remeasurements of the monetary assets and liabilities and operating results of our Venezuelan subsidiary at DICOM rates resulted in nonmonetary currency devaluation losses of $47 million for the three months ended March 31, 2018 and $8 million for the three months ended April 1, 2017. These losses were recorded in other expense/(income), net in the condensed consolidated statements of income for the periods then ended. In addition to DICOM, there is an unofficial market for obtaining U.S. dollars with Venezuelan bolivars. The exact exchange rate is widely debated but is generally accepted to be substantially higher than the latest published DICOM rate. We have not transacted at any unofficial market rates in 2018 and have no plans to transact at unofficial market rates in the foreseeable future. Outside of accessing the DICOM market, our Venezuelan subsidiary obtains U.S. dollars through exports and royalty payments. These U.S. dollars are primarily used for purchases of tomato paste and spare parts for manufacturing, as well as a limited amount of other operating costs. As of March 31, 2018 , our Venezuelan subsidiary has sufficient U.S. dollars to fund these operational needs in the foreseeable future. However, further deterioration of the economic environment or regulation changes could jeopardize our export business. Our Venezuelan subsidiary has increasingly sourced production inputs locally, including tomato paste and sugar, in order to reduce reliance on U.S. dollars, which we expect to continue in the foreseeable future. Our results of operations in Venezuela reflect a controlled subsidiary. We continue to have sufficient currency liquidity and pricing flexibility to control 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. We currently do not expect to make any new investments or contributions into Venezuela.

Financing Arrangements (Notes)

Financing Arrangements (Notes)	3 Months Ended
	Mar. 31, 2018
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. At March 31, 2018 , we had accounts receivable securitization and factoring programs in place in the U.S. and in various countries across the globe. Generally, each of these programs automatically renews annually until terminated by either party, except our U.S. securitization program, which expires in May 2018. Additionally, our U.S. securitization program utilizes a bankruptcy-remote special-purpose entity (“SPE”). The SPE is wholly-owned by a subsidiary of Kraft Heinz and its sole business consists of the purchase or acceptance, through capital contributions of receivables and related assets, from a Kraft Heinz subsidiary and subsequent transfer of such receivables and related assets to a bank. Although the SPE is included in our condensed consolidated financial statements, it is a separate legal entity with separate creditors who will be entitled, upon its liquidation, to be satisfied out of the SPE's assets prior to any assets or value in the SPE becoming available to Kraft Heinz or its subsidiaries. The carrying value of trade receivables removed from our condensed consolidated balance sheets in connection with the Programs was $1.2 billion at March 31, 2018 and $1.0 billion at December 30, 2017 . In exchange for the sale of trade receivables, we received cash of $659 million at March 31, 2018 and $673 million at December 30, 2017 and recorded sold receivables of $530 million at March 31, 2018 and $353 million at December 30, 2017 . The carrying value of sold receivables approximated the fair value at March 31, 2018 and December 30, 2017 . We act as servicer for certain of the Programs and did not record any related servicing assets or liabilities as of March 31, 2018 or December 30, 2017 because they were not material to the financial statements. Additionally, we enter into various structured payable arrangements to facilitate supply from our vendors. Balance sheet classification is based on the nature of the agreements with our various vendors. For certain arrangements, we classify amounts outstanding within other current liabilities on our condensed consolidated balance sheets. We had approximately $141 million on our condensed consolidated balance sheets at March 31, 2018 and approximately $188 million at December 30, 2017 related to these arrangements.

Commitments, Contingencies and

Commitments, Contingencies and Debt (Notes)	3 Months Ended
	Mar. 31, 2018
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. 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. Redeemable Noncontrolling Interest In 2017, we commenced operations of a joint venture with a minority partner to manufacture, package, market, and distribute refrigerated soups and meal sides. We control operations and include this business in our consolidated results. Our minority partner has put options that, if it chooses to exercise them, would require us to purchase portions of its equity interest at a future date. These put options will become exercisable beginning in 2025 (on the eighth anniversary of the product launch date) at a price to be determined at that time based upon an independent third party valuation. The minority partner’s put options are reflected on our condensed consolidated balance sheets as a redeemable noncontrolling interest. We accrete the redeemable noncontrolling interest to its estimated redemption value over the term of the put options. At March 31, 2018 , we estimate the redemption value to be approximately $100 million . Debt Borrowing Arrangements: We had commercial paper outstanding of $965 million at March 31, 2018 and $448 million at December 30, 2017. See Note 16, Debt , to our consolidated financial statements for the year ended December 30, 2017 in our Annual Report on Form 10-K for additional information on our borrowing arrangements. Fair Value of Debt: At March 31, 2018 , the aggregate fair value of our total debt was $32.6 billion as compared with a carrying value of $32.3 billion . At December 30, 2017 , the aggregate fair value of our total debt was $33.0 billion as compared with a carrying value of $31.5 billion . 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.

Earnings Per Share (Notes)

Earnings Per Share (Notes)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Our earnings per common share (“EPS”) were: For the Three Months Ended March 31, April 1, (in millions, except per share data) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 993 $ 893 Weighted average shares of common stock outstanding 1,219 1,217 Net earnings/(loss) $ 0.81 $ 0.73 Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 993 $ 893 Weighted average shares of common stock outstanding 1,219 1,217 Effect of dilutive equity awards 9 12 Weighted average shares of common stock outstanding, including dilutive effect 1,228 1,229 Net earnings/(loss) $ 0.81 $ 0.73 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 5 million for the three months ended March 31, 2018 and 1 million for the three months ended April 1, 2017 .

Segment Reporting (Notes)

Segment Reporting (Notes)	3 Months Ended
	Mar. 31, 2018
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. In the first quarter of our fiscal year 2018, we reorganized certain of our international businesses to better align our global geographies. As a result, we moved our Middle East and Africa businesses from the historical Asia Pacific, Middle East, and Africa (“AMEA”) operating segment into the historical Europe reportable segment, forming the new EMEA reportable segment. The remaining businesses from the AMEA operating segment became the Asia Pacific (“APAC”) operating segment. We have reflected this change in all historical periods presented. Therefore, effective in the first quarter of 2018, we manage and report our operating results through four segments. We have three reportable segments defined by geographic region: United States, Canada, and EMEA. Our remaining businesses are combined and disclosed as “Rest of World”. Rest of World is comprised of two operating segments: Latin America and APAC. Management evaluates segment performance based on several factors, including net sales and Segment Adjusted EBITDA. Segment Adjusted EBITDA is defined as net income/(loss) from continuing operations before interest expense, other expense/(income), net, provision for/(benefit from) income taxes, and depreciation and amortization (excluding integration and restructuring expenses); in addition to these adjustments, we exclude, when they occur, the impacts of 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, nonmonetary currency devaluation (e.g., remeasurement gains and losses), and equity award compensation expense (excluding integration and restructuring expenses). 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. Management uses Segment Adjusted EBITDA to evaluate segment performance and allocate resources. 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 March 31, April 1, Net sales: United States $ 4,368 $ 4,518 Canada 484 440 EMEA 685 597 Rest of World 767 769 Total net sales $ 6,304 $ 6,324 Segment Adjusted EBITDA was (in millions): For the Three Months Ended March 31, April 1, Segment Adjusted EBITDA: United States $ 1,382 $ 1,464 Canada 134 125 EMEA 182 140 Rest of World 143 144 General corporate expenses (46 ) (29 ) Depreciation and amortization (excluding integration and restructuring expenses) (206 ) (222 ) Integration and restructuring expenses (90 ) (135 ) Merger costs (9 ) — Unrealized gains/(losses) on commodity hedges (2 ) (42 ) Equity award compensation expense (excluding integration and restructuring expenses) (7 ) (12 ) Operating income 1,481 1,433 Interest expense 317 313 Other expense/(income), net (90 ) (130 ) Income/(loss) before income taxes $ 1,254 $ 1,250 In the first quarter of 2018, 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. Net sales by product category were (in millions): For the Three Months Ended March 31, April 1, Condiments and sauces $ 1,625 $ 1,536 Cheese and dairy 1,251 1,292 Ambient meals 634 607 Frozen and chilled meals 604 648 Meats and seafood 608 657 Refreshment beverages 375 369 Coffee 357 349 Infant and nutrition 199 188 Desserts, toppings and baking 193 194 Nuts and salted snacks 190 231 Other 268 253 Total net sales $ 6,304 $ 6,324

Supplemental Financial Informat

Supplemental Financial Information (Notes)	3 Months Ended
	Mar. 31, 2018
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 16, Debt, to our consolidated financial statements for the year ended December 30, 2017 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 Securities and Exchange Commission 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 March 31, 2018 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,169 $ 2,262 $ (127 ) $ 6,304 Cost of products sold — 2,588 1,598 (127 ) 4,059 Gross profit — 1,581 664 — 2,245 Selling, general and administrative expenses — 183 581 — 764 Intercompany service fees and other recharges — 1,155 (1,155 ) — — Operating income — 243 1,238 — 1,481 Interest expense — 298 19 — 317 Other expense/(income), net — (159 ) 69 — (90 ) Income/(loss) before income taxes — 104 1,150 — 1,254 Provision for/(benefit from) income taxes — (27 ) 288 — 261 Equity in earnings of subsidiaries 993 862 — (1,855 ) — Net income/(loss) 993 993 862 (1,855 ) 993 Net income/(loss) attributable to noncontrolling interest — — — — — Net income/(loss) excluding noncontrolling interest $ 993 $ 993 $ 862 $ (1,855 ) $ 993 Comprehensive income/(loss) excluding noncontrolling interest $ 1,072 $ 1,072 $ 1,165 $ (2,237 ) $ 1,072 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Three Months Ended April 1, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,329 $ 2,157 $ (162 ) $ 6,324 Cost of products sold — 2,762 1,525 (162 ) 4,125 Gross profit — 1,567 632 — 2,199 Selling, general and administrative expenses — 196 570 — 766 Intercompany service fees and other recharges — 1,108 (1,108 ) — — Operating income — 263 1,170 — 1,433 Interest expense — 303 10 — 313 Other expense/(income), net — (74 ) (56 ) — (130 ) Income/(loss) before income taxes — 34 1,216 — 1,250 Provision for/(benefit from) income taxes — (12 ) 371 — 359 Equity in earnings of subsidiaries 893 847 — (1,740 ) — Net income/(loss) 893 893 845 (1,740 ) 891 Net income/(loss) attributable to noncontrolling interest — — (2 ) — (2 ) Net income/(loss) excluding noncontrolling interest $ 893 $ 893 $ 847 $ (1,740 ) $ 893 Comprehensive income/(loss) excluding noncontrolling interest $ 1,072 $ 1,072 $ 1,842 $ (2,914 ) $ 1,072 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of March 31, 2018 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 647 $ 1,147 $ — $ 1,794 Trade receivables — 88 956 — 1,044 Receivables due from affiliates — 743 215 (958 ) — Dividends due from affiliates — — — — — Sold receivables — — 530 — 530 Income taxes receivable — 1,452 156 (1,458 ) 150 Inventories — 2,035 1,109 — 3,144 Short-term lending due from affiliates — 1,704 3,673 (5,377 ) — Other current assets — 354 429 (8 ) 775 Total current assets — 7,023 8,215 (7,801 ) 7,437 Property, plant and equipment, net — 4,601 2,666 — 7,267 Goodwill — 11,067 33,776 — 44,843 Investments in subsidiaries 66,248 80,678 — (146,926 ) — Intangible assets, net — 3,187 56,413 — 59,600 Long-term lending due from affiliates — 1,700 2,031 (3,731 ) — Other assets — 491 1,149 — 1,640 TOTAL ASSETS $ 66,248 $ 108,747 $ 104,250 $ (158,458 ) $ 120,787 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 965 $ 36 $ — $ 1,001 Current portion of long-term debt — 2,579 163 — 2,742 Short-term lending due to affiliates — 3,673 1,704 (5,377 ) — Trade payables — 2,575 1,666 — 4,241 Payables due to affiliates — 215 743 (958 ) — Accrued marketing — 142 425 — 567 Income taxes payable — 6 1,743 (1,458 ) 291 Interest payable — 339 6 — 345 Dividends due to affiliates — — — — — Other current liabilities — 451 699 (8 ) 1,142 Total current liabilities — 10,945 7,185 (7,801 ) 10,329 Long-term debt — 27,616 945 — 28,561 Long-term borrowings due to affiliates — 2,031 2,073 (4,104 ) — Deferred income taxes — 1,147 12,938 — 14,085 Accrued postemployment costs — 167 233 — 400 Other liabilities — 593 356 — 949 TOTAL LIABILITIES — 42,499 23,730 (11,905 ) 54,324 Redeemable noncontrolling interest — — 8 — 8 Total shareholders’ equity 66,248 66,248 80,305 (146,553 ) 66,248 Noncontrolling interest — — 207 — 207 TOTAL EQUITY 66,248 66,248 80,512 (146,553 ) 66,455 TOTAL LIABILITIES AND EQUITY $ 66,248 $ 108,747 $ 104,250 $ (158,458 ) $ 120,787 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of December 30, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 509 $ 1,120 $ — $ 1,629 Trade receivables — 91 830 — 921 Receivables due from affiliates — 716 207 (923 ) — Dividends due from affiliates 135 — — (135 ) — Sold receivables — — 353 — 353 Income taxes receivable — 1,904 97 (1,419 ) 582 Inventories — 1,846 969 — 2,815 Short-term lending due from affiliates — 1,598 3,816 (5,414 ) — Other current assets — 493 473 — 966 Total current assets 135 7,157 7,865 (7,891 ) 7,266 Property, plant and equipment, net — 4,577 2,543 — 7,120 Goodwill — 11,067 33,757 — 44,824 Investments in subsidiaries 66,034 80,426 — (146,460 ) — Intangible assets, net — 3,222 56,227 — 59,449 Long-term lending due from affiliates — 1,700 2,029 (3,729 ) — Other assets — 515 1,058 — 1,573 TOTAL ASSETS $ 66,169 $ 108,664 $ 103,479 $ (158,080 ) $ 120,232 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 448 $ 12 $ — $ 460 Current portion of long-term debt — 2,577 166 — 2,743 Short-term lending due to affiliates — 3,816 1,598 (5,414 ) — Trade payables — 2,718 1,731 — 4,449 Payables due to affiliates — 207 716 (923 ) — Accrued marketing — 236 444 — 680 Income taxes payable — — 1,571 (1,419 ) 152 Interest payable — 404 15 — 419 Dividends due to affiliates — 135 — (135 ) — Other current liabilities 135 473 621 — 1,229 Total current liabilities 135 11,014 6,874 (7,891 ) 10,132 Long-term debt — 27,442 891 — 28,333 Long-term borrowings due to affiliates — 2,029 1,919 (3,948 ) — Deferred income taxes — 1,245 12,831 — 14,076 Accrued postemployment costs — 184 243 — 427 Other liabilities — 716 301 — 1,017 TOTAL LIABILITIES 135 42,630 23,059 (11,839 ) 53,985 Redeemable noncontrolling interest — — 6 — 6 Total shareholders’ equity 66,034 66,034 80,207 (146,241 ) 66,034 Noncontrolling interest — — 207 — 207 TOTAL EQUITY 66,034 66,034 80,414 (146,241 ) 66,241 TOTAL LIABILITIES AND EQUITY $ 66,169 $ 108,664 $ 103,479 $ (158,080 ) $ 120,232 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2018 (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 $ 897 $ 447 $ (34 ) $ (897 ) $ 413 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 436 — 436 Capital expenditures — (101 ) (122 ) — (223 ) Payments to acquire business, net of cash acquired — (236 ) 21 — (215 ) Net proceeds from/(payments on) intercompany lending activities — 469 183 (652 ) — Additional investments in subsidiaries — (5 ) — 5 — Return of capital 6 — — (6 ) — Other investing activities, net — 6 — — 6 Net cash provided by/(used for) investing activities 6 133 518 (653 ) 4 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of commercial paper — 1,524 — — 1,524 Repayments of commercial paper — (1,006 ) — — (1,006 ) Net proceeds from/(payments on) intercompany borrowing activities — (183 ) (469 ) 652 — Dividends paid-common stock (897 ) (897 ) — 897 (897 ) Other intercompany capital stock transactions — (6 ) 5 1 — Other financing activities, net (6 ) (9 ) 18 — 3 Net cash provided by/(used for) financing activities (903 ) (577 ) (446 ) 1,550 (376 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — (10 ) — (10 ) Cash, cash equivalents, and restricted cash: Net increase/(decrease) — 3 28 — 31 Balance at beginning of period — 644 1,125 — 1,769 Balance at end of period $ — $ 647 $ 1,153 $ — $ 1,800 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Three Months Ended April 1, 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 $ 736 $ (304 ) $ (311 ) $ (736 ) $ (615 ) CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 464 — 464 Capital expenditures — (203 ) (165 ) — (368 ) Net proceeds from/(payments on) intercompany lending activities — (4 ) (67 ) 71 — Return of capital 7 — — (7 ) — Other investing activities, net — 44 (6 ) — 38 Net cash provided by/(used for) investing activities 7 (163 ) 226 64 134 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of commercial paper — 2,324 — — 2,324 Repayments of commercial paper — (2,068 ) — — (2,068 ) Net proceeds from/(payments on) intercompany borrowing activities — 67 4 (71 ) — Dividends paid-common stock (736 ) (736 ) — 736 (736 ) Other intercompany capital stock transactions — (7 ) — 7 — Other financing activities, net (7 ) (21 ) 3 — (25 ) Net cash provided by/(used for) financing activities (743 ) (441 ) 7 672 (505 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — 13 — 13 Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (908 ) (65 ) — (973 ) Balance at beginning of period — 2,869 1,386 — 4,255 Balance at end of period $ — $ 1,961 $ 1,321 $ — $ 3,282 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): March 31, 2018 Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Cash and cash equivalents $ — $ 647 $ 1,147 $ — $ 1,794 Restricted cash included in other assets (current) — — 6 — 6 Cash, cash equivalents, and restricted cash $ — $ 647 $ 1,153 $ — $ 1,800 December 30, 2017 Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Cash and cash equivalents $ — $ 509 $ 1,120 $ — $ 1,629 Restricted cash included in other assets (current) — 135 5 — 140 Cash, cash equivalents, and restricted cash $ — $ 644 $ 1,125 $ — $ 1,769

Background and Basis of Prese25

Background and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation, Policy	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 30, 2017 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 30, 2017. The results for interim periods are not necessarily indicative of future or annual results.
New Accounting Pronouncements, Policy	New Accounting Pronouncements Accounting Standards Adopted in the Current Year: In March 2017, the Financial Accounting Standards Board (the “FASB”) issued accounting standards update (“ASU”) 2017-07 related to the presentation of net periodic benefit cost (pension and postretirement cost). This ASU became 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 is 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. In the first quarter of 2018, we adopted this ASU using the practical expedient described above. The impact of retrospectively adopting this ASU on our historical statement of income is included in the table below. There was no associated impact to our condensed consolidated balance sheet at December 30, 2017 or our condensed consolidated statement of cash flows for the three months ended April 1, 2017 . In May 2014, the FASB issued ASU 2014-09, which superseded previously existing revenue recognition guidance. Under this ASU, companies must 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. 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. The ASU also provides for certain practical expedients, including the option to expense as incurred the incremental costs of obtaining a contract, if the contract period is for one year or less. This ASU was effective beginning in the first quarter of our fiscal year 2018. We adopted this ASU in the first quarter of 2018 using the full retrospective method and the practical expedient described above. Upon adoption, we made the following policy elections: (i) we account for shipping and handling costs as contract fulfillment costs, and (ii) we exclude taxes imposed on and collected from customers in revenue producing transactions (e.g., sales, use, and value added taxes) from the transaction price. The impact of adopting this guidance was immaterial to our financial statements and related disclosures. While the impact of the adoption of ASU 2014-09 was immaterial, at the same time we retrospectively corrected immaterial misclassifications in our statements of income principally related to customer incentive program expenses. The impact on our statement of income for the three months ended April 1, 2017 was a decrease to net sales of $40 million , a decrease to cost of products sold of $38 million , and a decrease to selling, general and administrative expenses (“SG&A”) of $2 million . These impacts are included in the table below. There was no associated impact to our condensed consolidated balance sheet at December 30, 2017 or our condensed consolidated statement of cash flows for the three months ended April 1, 2017 . The impacts of these ASUs and reclassifications on our historical statement of income were as follows (in millions): For the Three Months Ended April 1, 2017 As Reported Adjustment As Adjusted Net sales $ 6,364 $ (40 ) $ 6,324 Cost of products sold 4,063 62 4,125 Gross profit 2,301 (102 ) 2,199 Selling, general and administrative expenses 750 16 766 Operating income 1,551 (118 ) 1,433 Other expense/(income), net (12 ) (118 ) (130 ) Income/(loss) before income taxes 1,250 — 1,250 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 became effective beginning in the first quarter of our fiscal year 2018. We adopted this new guidance on a modified retrospective basis through a cumulative-effect adjustment of $95 million to decrease retained earnings in the first quarter of 2018. In January 2017, the FASB issued ASU 2017-01 clarifying the definition of a business used in determining whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The ASU provides a screen for entities to determine if an integrated set of assets and activities (“set”) is not a business. If substantially all of the fair value of the gross assets acquired (or disposed of) is concentrated in a single identifiable asset or a group of similar identifiable assets, the set is not a business. If this screen is not met, the entity then determines if the set meets the minimum requirement of a business. For a set to be a business, it must include an input and a substantive process which together significantly contribute to the ability to create outputs. This ASU became effective beginning in the first quarter of our fiscal year 2018. We adopted this ASU on a prospective basis. The adoption of this ASU did not impact our financial statements or related disclosures. Accounting Standards Not Yet Adopted: In February 2016, the FASB issued ASU 2016-02 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 updated guidance requires lessees to reflect most leases on their balance sheets as assets and obligations. The ASU also provides for certain practical expedients, which we are considering for adoption. This includes ASU 2018-01, which provides a practical expedient that allows companies to exclude existing or expired land easements from the lease assessment (though new land easements entered into after adoption must be assessed). This ASU will be effective beginning in the first quarter of our fiscal year 2019. Early adoption is permitted. The guidance must be adopted using a modified retrospective transition. We are currently evaluating the impact this ASU will have on our financial statements and related disclosures. We have completed our scoping reviews, identified our significant leases by geography and by asset type, and made progress in developing accounting policies and policy elections upon adoption of the standard. We have also developed a lease data extraction strategy and commenced data extraction efforts. Furthermore, we have identified an accounting system to support the future state leasing process and have started to develop our future state process design as part of the overall system implementation. 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 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 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. 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. In February 2018, the FASB issued ASU 2018-02 related to reclassifying tax effects stranded in accumulated other comprehensive income because of the Tax Cuts and Jobs Act enacted on December 22, 2017 (“U.S. Tax Reform”). U.S. Tax Reform reduced the U.S. federal corporate tax rate from 35.0% to 21.0%. Accounting Standards Codification Topic 740, Income Taxes , (“ASC 740”) requires the remeasurement of deferred tax assets and liabilities as a result of such changes in tax laws or rates to be presented in net income from continuing operations. However, the related tax effects of such deferred tax assets and liabilities may have been originally recorded in other comprehensive income. This ASU allows companies to reclassify such stranded tax effects from accumulated other comprehensive income to retained earnings. This reclassification adjustment is optional, and if elected, may be applied either to the period of adoption or retrospectively to the period(s) impacted by U.S. Tax Reform. Additionally, this ASU requires companies to disclose the policy election for stranded tax effects as well as the general accounting policy for releasing income tax effects from accumulated other comprehensive income. This guidance is effective in the first quarter of 2019. Early adoption is permitted, including in an interim period. We are currently evaluating the impact this ASU will have on our financial statements and related disclosures, including the timing of adoption and the application method.
Revenue Recognition, Policy	Revenue Recognition: Our revenues are primarily derived from customer orders for the purchase of our products. We recognize revenues as performance obligations are fulfilled when control passes to our customers. We record revenues net of variable consideration including consumer incentives and performance obligations related to trade promotions, excluding taxes, and including all shipping and handling charges billed to customers (accounting for shipping and handling charges that occur after the transfer of control as fulfillment costs). We also record a refund liability for estimated product returns and customer allowances as reductions to revenues within the same period that the revenue is recognized. We base these estimates principally on historical and current period experience factors. We recognize costs paid to third party brokers to obtain contracts as expenses as our contracts are generally less than one year.
Advertising Costs, Policy	Advertising, Consumer Incentives, and Trade Promotions: We promote our products with advertising, consumer incentives, and performance obligations related to trade promotions. Consumer incentives and trade promotions include, but are not limited to, discounts, coupons, rebates, performance based in-store display activities, and volume-based incentives. Variable consideration related to consumer incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated as being due to customers and consumers at the end of a period. We base these estimates principally on historical utilization, redemption rates, or current period experience factors. We review and adjust these estimates each quarter based on actual experience and other information.
Postemployment Benefit Plans, Policy	Postemployment Benefit Plans: We maintain various retirement plans for the majority of our employees. These include pension benefits, postretirement health care benefits, and defined contribution benefits. The cost of these plans is charged to expense over the working life of the covered employees. We generally amortize net actuarial gains or losses in future periods within other expense/(income), net.

Background and Basis of Prese26

Background and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Impacts of Adopting ASUs and Reclassifications on Historical Statement of Income	The impacts of these ASUs and reclassifications on our historical statement of income were as follows (in millions): For the Three Months Ended April 1, 2017 As Reported Adjustment As Adjusted Net sales $ 6,364 $ (40 ) $ 6,324 Cost of products sold 4,063 62 4,125 Gross profit 2,301 (102 ) 2,199 Selling, general and administrative expenses 750 16 766 Operating income 1,551 (118 ) 1,433 Other expense/(income), net (12 ) (118 ) (130 ) Income/(loss) before income taxes 1,250 — 1,250

Acquisition (Tables)

Acquisition (Tables)	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Preliminary Purchase Price Allocation to Assets Acquired and Liabilities Assumed	The preliminary purchase price allocation to assets acquired and liabilities assumed in the Acquisition was (in millions): Cash $ 23 Other current assets 65 Property, plant and equipment, net 77 Identifiable intangible assets 100 Trade and other payables (40 ) Other non-current liabilities (4 ) Net assets acquired 221 Goodwill on acquisition 17 Total consideration $ 238
Preliminary Purchase Price Allocation to Identifiable Intangible Assets Acquired	The preliminary purchase price allocation to identifiable intangible assets acquired is: Fair Value (in millions of dollars) Weighted Average Life (in years) Definite-lived trademarks $ 87 22 Customer-related assets 13 12 Total $ 100

Integration and Restructuring28

Integration and Restructuring Expenses (Tables)	3 Months Ended
	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring Costs by Type and Income Statement Location	Total expenses related to the Integration Program and restructuring activities, by income statement caption, were (in millions): March 31, April 1, Severance and employee benefit costs - COGS $ 16 $ 12 Severance and employee benefit costs - SG&A 5 19 Severance and employee benefit costs - Other expense/(income), net — 13 Asset-related costs - COGS 20 75 Asset-related costs - SG&A — 7 Other costs - COGS 40 9 Other costs - SG&A 9 13 $ 90 $ 148
Restructuring Costs Excluded from Segments	The pre-tax impact of allocating such expenses to our segments would have been (in millions): March 31, April 1, United States $ 52 $ 108 Canada 3 10 EMEA 21 14 Rest of World — — General corporate expenses 14 16 $ 90 $ 148
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 30, 2017 $ 24 $ 22 $ 46 Cash payments (5 ) (1 ) (6 ) Non-cash utilization (9 ) — (9 ) Balance at March 31, 2018 $ 10 $ 21 $ 31 (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 30, 2017 $ 16 $ 25 $ 41 Charges/(credits) 21 — 21 Cash payments (6 ) (1 ) (7 ) Non-cash utilization 9 — 9 Balance at March 31, 2018 $ 40 $ 24 $ 64 (a) Other exit costs primarily consist of lease and contract terminations.

Restricted Cash (Tables)

Restricted Cash (Tables)	3 Months Ended
	Mar. 31, 2018
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): March 31, December 30, 2017 Cash and cash equivalents $ 1,794 $ 1,629 Restricted cash included in other assets (current) 6 140 Cash, cash equivalents, and restricted cash $ 1,800 $ 1,769

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following (in millions): March 31, 2018 December 30, 2017 Packaging and ingredients $ 588 $ 560 Work in process 478 439 Finished product 2,078 1,816 Inventories $ 3,144 $ 2,815

Goodwill and Intangible Asset31

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2018
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 EMEA Rest of World Total Balance at December 30, 2017 $ 33,700 $ 5,246 $ 3,238 $ 2,640 $ 44,824 Translation adjustments — (128 ) 107 23 2 Acquisition — — — 17 17 Balance at March 31, 2018 $ 33,700 $ 5,118 $ 3,345 $ 2,680 $ 44,843
Changes in the Carrying Amount of Indefinite-Lived Intangible Assets	Changes in the carrying amount of indefinite-lived intangible assets, which primarily consisted of trademarks, were (in millions): Balance at December 30, 2017 $ 53,655 Translation adjustments 102 Balance at March 31, 2018 $ 53,757
Schedule of Definite-Lived Intangible Assets By Major Asset Class	Definite-lived intangible assets were (in millions): March 31, 2018 December 30, 2017 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trademarks $ 2,478 $ (317 ) $ 2,161 $ 2,386 $ (288 ) $ 2,098 Customer-related assets 4,254 (588 ) 3,666 4,231 (544 ) 3,687 Other 21 (5 ) 16 14 (5 ) 9 $ 6,753 $ (910 ) $ 5,843 $ 6,631 $ (837 ) $ 5,794

Employees' Stock Incentive Pl32

Employees' Stock Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Activity and Related Information	Our stock option activity and related information was: Number of Stock Options Weighted Average Exercise Price Outstanding at December 30, 2017 19,289,564 $ 41.63 Granted 1,420,250 66.89 Forfeited (408,067 ) 44.45 Exercised (476,048 ) 32.19 Outstanding at March 31, 2018 19,825,699 43.61
Schedule of RSU Activity and Related Information	Our restricted stock unit (“RSU”) activity and related information was: Number of Units Weighted Average Grant Date Fair Value (per share) Outstanding at December 30, 2017 1,284,262 $ 81.91 Granted 1,352,251 58.78 Forfeited (49,633 ) 86.85 Vested (113,671 ) 73.12 Outstanding at March 31, 2018 2,473,209 69.57
Schedule of PSU Activity and Related Information	Our performance share unit (“PSU”) activity and related information was: Number of Units Weighted Average Grant Date Fair Value (per share) Outstanding at December 30, 2017 815,383 $ 70.16 Granted 2,595,333 56.82 Forfeited (32,812 ) 69.02 Outstanding at March 31, 2018 3,377,904 59.92

Postemployment Benefits (Tables

Postemployment Benefits (Tables)	3 Months Ended
	Mar. 31, 2018
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net Cost/(Benefit)	Net pension cost/(benefit) consisted of the following (in millions): For the Three Months Ended U.S. Plans Non-U.S. Plans March 31, April 1, March 31, April 1, Service cost $ 2 $ 3 $ 5 $ 4 Interest cost 39 45 19 16 Expected return on plan assets (63 ) (65 ) (48 ) (43 ) Amortization of unrecognized losses/(gains) — — 1 — Special/contractual termination benefits — 7 1 6 Other — 2 — (9 ) Net pension cost/(benefit) $ (22 ) $ (8 ) $ (22 ) $ (26 )
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Net Cost/(Benefit)	Net postretirement cost/(benefit) consisted of the following (in millions): For the Three Months Ended March 31, April 1, Service cost $ 2 $ 2 Interest cost 11 13 Expected return on plan assets (12 ) — Amortization of prior service costs/(credits) (78 ) (90 ) Net postretirement cost/(benefit) $ (77 ) $ (75 )

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Values of Outstanding Derivatives	The notional values of our outstanding derivative instruments were (in millions): March 31, 2018 December 30, 2017 Commodity contracts $ 389 $ 272 Foreign exchange contracts 3,447 2,876 Cross-currency contracts 3,161 3,161
Schedule of Derivative Fair Values	The fair values and the levels within the fair value hierarchy of derivative instruments recorded on the condensed consolidated balance sheets were (in millions): March 31, 2018 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 $ — $ — $ 12 $ 28 $ — $ — $ 12 $ 28 Cross-currency contracts — — 329 — — — 329 — Derivatives not designated as hedging instruments: Commodity contracts 6 11 — — — — 6 11 Foreign exchange contracts — — 14 5 — — 14 5 Cross-currency contracts — — 18 — — — 18 — Total fair value $ 6 $ 11 $ 373 $ 33 $ — $ — $ 379 $ 44 December 30, 2017 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 $ — $ — $ 8 $ 42 $ — $ — $ 8 $ 42 Cross-currency contracts — — 344 — — — 344 — Derivatives not designated as hedging instruments: Commodity contracts 4 8 — — — — 4 8 Foreign exchange contracts — — 17 3 — — 17 3 Cross-currency contracts — — 19 — — — 19 — Total fair value $ 4 $ 8 $ 388 $ 45 $ — $ — $ 392 $ 53
Schedule of Cross-Currency Swaps Designated as Net Investment Hedges	At March 31, 2018 , 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 Statements of Income and Comprehensive Income	The following tables present the pre-tax effect of derivative instruments on the condensed consolidated statements of income and statements of comprehensive income: March 31, April 1, 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) $ — $ 25 $ — $ — $ — $ (39 ) $ — $ — Net investment hedges: Gains/(losses) recognized in other comprehensive income/(loss) (effective portion) — (11 ) (11 ) — — (4 ) (30 ) — Total gains/(losses) recognized in other comprehensive income/(loss) (effective portion) $ — $ 14 $ (11 ) $ — $ — $ (43 ) $ (30 ) $ — Cash flow hedges reclassified to net income/(loss): Cost of products sold (effective portion) $ — $ (5 ) $ — $ — $ — $ (1 ) $ — $ — Other expense/(income), net — 18 — — — (15 ) — — Interest expense — — — (1 ) — — — (1 ) — 13 — (1 ) — (16 ) — (1 ) Derivatives not designated as hedging instruments: Gains/(losses) on derivatives recognized in cost of products sold (5 ) — — — (37 ) — — — Gains/(losses) on derivatives recognized in other expense/(income), net — 20 (1 ) — — 2 (1 ) — (5 ) 20 (1 ) — (37 ) 2 (1 ) — Total gains/(losses) recognized in statements of income $ (5 ) $ 33 $ (1 ) $ (1 ) $ (37 ) $ (14 ) $ (1 ) $ (1 )

Accumulated Other Comprehensi35

Accumulated Other Comprehensive Income/(Losses) (Tables) - AOCI Attributable to Parent	3 Months Ended
	Mar. 31, 2018
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 30, 2017 $ (1,587 ) $ 549 $ (16 ) $ (1,054 ) Foreign currency translation adjustments 202 — — 202 Net deferred gains/(losses) on net investment hedges (74 ) — — (74 ) Net deferred gains/(losses) on cash flow hedges — — 22 22 Net deferred losses/(gains) on cash flow hedges reclassified to net income — — (13 ) (13 ) Reclassification of net postemployment benefit losses/(gains) — (58 ) — (58 ) Total other comprehensive income/(loss) 128 (58 ) 9 79 Balance as of March 31, 2018 $ (1,459 ) $ 491 $ (7 ) $ (975 )
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 March 31, April 1, Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 202 $ — $ 202 $ 309 $ — $ 309 Net deferred gains/(losses) on net investment hedges (125 ) 51 (74 ) (78 ) 27 (51 ) Net deferred gains/(losses) on cash flow hedges 25 (3 ) 22 (39 ) 5 (34 ) Net deferred losses/(gains) on cash flow hedges reclassified to net income (12 ) (1 ) (13 ) 17 3 20 Net actuarial gains/(losses) arising during the period — — — (12 ) 2 (10 ) Reclassification of net postemployment benefit losses/(gains) (77 ) 19 (58 ) (90 ) 35 (55 )
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 March 31, April 1, Losses/(gains) on cash flow hedges: Foreign exchange contracts $ 5 $ 1 Cost of products sold Foreign exchange contracts (18 ) 15 Other expense/(income), net Interest rate contracts 1 1 Interest expense Losses/(gains) on cash flow hedges before income taxes (12 ) 17 Losses/(gains) on cash flow hedges, income taxes (1 ) 3 Losses/(gains) on cash flow hedges $ (13 ) $ 20 Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) $ 1 $ — (a) Amortization of prior service costs/(credits) (78 ) (90 ) (a) Losses/(gains) on postemployment benefits before income taxes (77 ) (90 ) Losses/(gains) on postemployment benefits, income taxes 19 35 Losses/(gains) on postemployment benefits $ (58 ) $ (55 ) (a) These components are included in the computation of net periodic postemployment benefit costs. See Note 9, Postemployment Benefits , for additional information.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Common Share, Basic and Diluted	Our earnings per common share (“EPS”) were: For the Three Months Ended March 31, April 1, (in millions, except per share data) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 993 $ 893 Weighted average shares of common stock outstanding 1,219 1,217 Net earnings/(loss) $ 0.81 $ 0.73 Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ 993 $ 893 Weighted average shares of common stock outstanding 1,219 1,217 Effect of dilutive equity awards 9 12 Weighted average shares of common stock outstanding, including dilutive effect 1,228 1,229 Net earnings/(loss) $ 0.81 $ 0.73

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Net Sales by Segment	Net sales by segment were (in millions): For the Three Months Ended March 31, April 1, Net sales: United States $ 4,368 $ 4,518 Canada 484 440 EMEA 685 597 Rest of World 767 769 Total net sales $ 6,304 $ 6,324
Segment Adjusted EBITDA	Segment Adjusted EBITDA was (in millions): For the Three Months Ended March 31, April 1, Segment Adjusted EBITDA: United States $ 1,382 $ 1,464 Canada 134 125 EMEA 182 140 Rest of World 143 144 General corporate expenses (46 ) (29 ) Depreciation and amortization (excluding integration and restructuring expenses) (206 ) (222 ) Integration and restructuring expenses (90 ) (135 ) Merger costs (9 ) — Unrealized gains/(losses) on commodity hedges (2 ) (42 ) Equity award compensation expense (excluding integration and restructuring expenses) (7 ) (12 ) Operating income 1,481 1,433 Interest expense 317 313 Other expense/(income), net (90 ) (130 ) Income/(loss) before income taxes $ 1,254 $ 1,250
Net Sales by Product Category	Net sales by product category were (in millions): For the Three Months Ended March 31, April 1, Condiments and sauces $ 1,625 $ 1,536 Cheese and dairy 1,251 1,292 Ambient meals 634 607 Frozen and chilled meals 604 648 Meats and seafood 608 657 Refreshment beverages 375 369 Coffee 357 349 Infant and nutrition 199 188 Desserts, toppings and baking 193 194 Nuts and salted snacks 190 231 Other 268 253 Total net sales $ 6,304 $ 6,324

Supplemental Financial Inform38

Supplemental Financial Information (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,169 $ 2,262 $ (127 ) $ 6,304 Cost of products sold — 2,588 1,598 (127 ) 4,059 Gross profit — 1,581 664 — 2,245 Selling, general and administrative expenses — 183 581 — 764 Intercompany service fees and other recharges — 1,155 (1,155 ) — — Operating income — 243 1,238 — 1,481 Interest expense — 298 19 — 317 Other expense/(income), net — (159 ) 69 — (90 ) Income/(loss) before income taxes — 104 1,150 — 1,254 Provision for/(benefit from) income taxes — (27 ) 288 — 261 Equity in earnings of subsidiaries 993 862 — (1,855 ) — Net income/(loss) 993 993 862 (1,855 ) 993 Net income/(loss) attributable to noncontrolling interest — — — — — Net income/(loss) excluding noncontrolling interest $ 993 $ 993 $ 862 $ (1,855 ) $ 993 Comprehensive income/(loss) excluding noncontrolling interest $ 1,072 $ 1,072 $ 1,165 $ (2,237 ) $ 1,072 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Three Months Ended April 1, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 4,329 $ 2,157 $ (162 ) $ 6,324 Cost of products sold — 2,762 1,525 (162 ) 4,125 Gross profit — 1,567 632 — 2,199 Selling, general and administrative expenses — 196 570 — 766 Intercompany service fees and other recharges — 1,108 (1,108 ) — — Operating income — 263 1,170 — 1,433 Interest expense — 303 10 — 313 Other expense/(income), net — (74 ) (56 ) — (130 ) Income/(loss) before income taxes — 34 1,216 — 1,250 Provision for/(benefit from) income taxes — (12 ) 371 — 359 Equity in earnings of subsidiaries 893 847 — (1,740 ) — Net income/(loss) 893 893 845 (1,740 ) 891 Net income/(loss) attributable to noncontrolling interest — — (2 ) — (2 ) Net income/(loss) excluding noncontrolling interest $ 893 $ 893 $ 847 $ (1,740 ) $ 893 Comprehensive income/(loss) excluding noncontrolling interest $ 1,072 $ 1,072 $ 1,842 $ (2,914 ) $ 1,072
Condensed Consolidating Balance Sheets	The Kraft Heinz Company Condensed Consolidating Balance Sheets As of March 31, 2018 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 647 $ 1,147 $ — $ 1,794 Trade receivables — 88 956 — 1,044 Receivables due from affiliates — 743 215 (958 ) — Dividends due from affiliates — — — — — Sold receivables — — 530 — 530 Income taxes receivable — 1,452 156 (1,458 ) 150 Inventories — 2,035 1,109 — 3,144 Short-term lending due from affiliates — 1,704 3,673 (5,377 ) — Other current assets — 354 429 (8 ) 775 Total current assets — 7,023 8,215 (7,801 ) 7,437 Property, plant and equipment, net — 4,601 2,666 — 7,267 Goodwill — 11,067 33,776 — 44,843 Investments in subsidiaries 66,248 80,678 — (146,926 ) — Intangible assets, net — 3,187 56,413 — 59,600 Long-term lending due from affiliates — 1,700 2,031 (3,731 ) — Other assets — 491 1,149 — 1,640 TOTAL ASSETS $ 66,248 $ 108,747 $ 104,250 $ (158,458 ) $ 120,787 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 965 $ 36 $ — $ 1,001 Current portion of long-term debt — 2,579 163 — 2,742 Short-term lending due to affiliates — 3,673 1,704 (5,377 ) — Trade payables — 2,575 1,666 — 4,241 Payables due to affiliates — 215 743 (958 ) — Accrued marketing — 142 425 — 567 Income taxes payable — 6 1,743 (1,458 ) 291 Interest payable — 339 6 — 345 Dividends due to affiliates — — — — — Other current liabilities — 451 699 (8 ) 1,142 Total current liabilities — 10,945 7,185 (7,801 ) 10,329 Long-term debt — 27,616 945 — 28,561 Long-term borrowings due to affiliates — 2,031 2,073 (4,104 ) — Deferred income taxes — 1,147 12,938 — 14,085 Accrued postemployment costs — 167 233 — 400 Other liabilities — 593 356 — 949 TOTAL LIABILITIES — 42,499 23,730 (11,905 ) 54,324 Redeemable noncontrolling interest — — 8 — 8 Total shareholders’ equity 66,248 66,248 80,305 (146,553 ) 66,248 Noncontrolling interest — — 207 — 207 TOTAL EQUITY 66,248 66,248 80,512 (146,553 ) 66,455 TOTAL LIABILITIES AND EQUITY $ 66,248 $ 108,747 $ 104,250 $ (158,458 ) $ 120,787 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of December 30, 2017 (in millions) (Unaudited) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 509 $ 1,120 $ — $ 1,629 Trade receivables — 91 830 — 921 Receivables due from affiliates — 716 207 (923 ) — Dividends due from affiliates 135 — — (135 ) — Sold receivables — — 353 — 353 Income taxes receivable — 1,904 97 (1,419 ) 582 Inventories — 1,846 969 — 2,815 Short-term lending due from affiliates — 1,598 3,816 (5,414 ) — Other current assets — 493 473 — 966 Total current assets 135 7,157 7,865 (7,891 ) 7,266 Property, plant and equipment, net — 4,577 2,543 — 7,120 Goodwill — 11,067 33,757 — 44,824 Investments in subsidiaries 66,034 80,426 — (146,460 ) — Intangible assets, net — 3,222 56,227 — 59,449 Long-term lending due from affiliates — 1,700 2,029 (3,729 ) — Other assets — 515 1,058 — 1,573 TOTAL ASSETS $ 66,169 $ 108,664 $ 103,479 $ (158,080 ) $ 120,232 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 448 $ 12 $ — $ 460 Current portion of long-term debt — 2,577 166 — 2,743 Short-term lending due to affiliates — 3,816 1,598 (5,414 ) — Trade payables — 2,718 1,731 — 4,449 Payables due to affiliates — 207 716 (923 ) — Accrued marketing — 236 444 — 680 Income taxes payable — — 1,571 (1,419 ) 152 Interest payable — 404 15 — 419 Dividends due to affiliates — 135 — (135 ) — Other current liabilities 135 473 621 — 1,229 Total current liabilities 135 11,014 6,874 (7,891 ) 10,132 Long-term debt — 27,442 891 — 28,333 Long-term borrowings due to affiliates — 2,029 1,919 (3,948 ) — Deferred income taxes — 1,245 12,831 — 14,076 Accrued postemployment costs — 184 243 — 427 Other liabilities — 716 301 — 1,017 TOTAL LIABILITIES 135 42,630 23,059 (11,839 ) 53,985 Redeemable noncontrolling interest — — 6 — 6 Total shareholders’ equity 66,034 66,034 80,207 (146,241 ) 66,034 Noncontrolling interest — — 207 — 207 TOTAL EQUITY 66,034 66,034 80,414 (146,241 ) 66,241 TOTAL LIABILITIES AND EQUITY $ 66,169 $ 108,664 $ 103,479 $ (158,080 ) $ 120,232
Condensed Consolidating Statements of Cash Flows	The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2018 (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 $ 897 $ 447 $ (34 ) $ (897 ) $ 413 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 436 — 436 Capital expenditures — (101 ) (122 ) — (223 ) Payments to acquire business, net of cash acquired — (236 ) 21 — (215 ) Net proceeds from/(payments on) intercompany lending activities — 469 183 (652 ) — Additional investments in subsidiaries — (5 ) — 5 — Return of capital 6 — — (6 ) — Other investing activities, net — 6 — — 6 Net cash provided by/(used for) investing activities 6 133 518 (653 ) 4 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of commercial paper — 1,524 — — 1,524 Repayments of commercial paper — (1,006 ) — — (1,006 ) Net proceeds from/(payments on) intercompany borrowing activities — (183 ) (469 ) 652 — Dividends paid-common stock (897 ) (897 ) — 897 (897 ) Other intercompany capital stock transactions — (6 ) 5 1 — Other financing activities, net (6 ) (9 ) 18 — 3 Net cash provided by/(used for) financing activities (903 ) (577 ) (446 ) 1,550 (376 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — (10 ) — (10 ) Cash, cash equivalents, and restricted cash: Net increase/(decrease) — 3 28 — 31 Balance at beginning of period — 644 1,125 — 1,769 Balance at end of period $ — $ 647 $ 1,153 $ — $ 1,800 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Three Months Ended April 1, 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 $ 736 $ (304 ) $ (311 ) $ (736 ) $ (615 ) CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 464 — 464 Capital expenditures — (203 ) (165 ) — (368 ) Net proceeds from/(payments on) intercompany lending activities — (4 ) (67 ) 71 — Return of capital 7 — — (7 ) — Other investing activities, net — 44 (6 ) — 38 Net cash provided by/(used for) investing activities 7 (163 ) 226 64 134 CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issuance of commercial paper — 2,324 — — 2,324 Repayments of commercial paper — (2,068 ) — — (2,068 ) Net proceeds from/(payments on) intercompany borrowing activities — 67 4 (71 ) — Dividends paid-common stock (736 ) (736 ) — 736 (736 ) Other intercompany capital stock transactions — (7 ) — 7 — Other financing activities, net (7 ) (21 ) 3 — (25 ) Net cash provided by/(used for) financing activities (743 ) (441 ) 7 672 (505 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — 13 — 13 Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (908 ) (65 ) — (973 ) Balance at beginning of period — 2,869 1,386 — 4,255 Balance at end of period $ — $ 1,961 $ 1,321 $ — $ 3,282
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): March 31, 2018 Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Cash and cash equivalents $ — $ 647 $ 1,147 $ — $ 1,794 Restricted cash included in other assets (current) — — 6 — 6 Cash, cash equivalents, and restricted cash $ — $ 647 $ 1,153 $ — $ 1,800 December 30, 2017 Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Cash and cash equivalents $ — $ 509 $ 1,120 $ — $ 1,629 Restricted cash included in other assets (current) — 135 5 — 140 Cash, cash equivalents, and restricted cash $ — $ 644 $ 1,125 $ — $ 1,769

Background and Basis of Prese39

Background and Basis of Presentation New Accounting Pronouncements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Dec. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Net sales	$ (6,304)	$ (6,324)
Cost of products sold	(4,059)	(4,125)
Selling, general and administrative expenses	$ (764)	(766)
U.S. federal statutory tax rate	21.00%		35.00%
Accounting Standards Update 2016-16
Organization, Consolidation and Presentation of Financial Statements [Line Items]
New accounting pronouncement or change in accounting principle, cumulative effect of change on equity or net assets			$ (95)
Adjustment
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Net sales		40
Cost of products sold		(62)
Selling, general and administrative expenses		(16)
Adjustments for Error Corrections | Adjustment
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Net sales		40
Cost of products sold		38
Selling, general and administrative expenses		$ 2

Background and Basis of Prese40

Background and Basis of Presentation Impacts of Adopting ASUs and Reclassifications on Historical Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales	$ 6,304	$ 6,324
Cost of products sold	4,059	4,125
Gross profit	2,245	2,199
Selling, general and administrative expenses	764	766
Operating income	1,481	1,433
Other expense/(income), net	(90)	(130)
Income/(loss) before income taxes	$ 1,254	1,250
As Reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales		6,364
Cost of products sold		4,063
Gross profit		2,301
Selling, general and administrative expenses		750
Operating income		1,551
Other expense/(income), net		(12)
Income/(loss) before income taxes		1,250
Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net sales		(40)
Cost of products sold		62
Gross profit		(102)
Selling, general and administrative expenses		16
Operating income		(118)
Other expense/(income), net		(118)
Income/(loss) before income taxes		$ 0

Acquisition Additional Informat

Acquisition Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 09, 2018	Dec. 30, 2017
Business Combinations [Abstract]
Total consideration paid		$ 238
Goodwill on acquisition	$ 44,843	$ 17	$ 44,824
Merger costs	$ 9

Acquisition Preliminary Purchas

Acquisition Preliminary Purchase Price Allocation to Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Mar. 31, 2018	Mar. 09, 2018	Dec. 30, 2017
Business Combinations [Abstract]
Cash		$ 23
Other current assets		65
Property, plant and equipment, net		77
Identifiable intangible assets		100
Trade and other payables		(40)
Other non-current liabilities		(4)
Net assets acquired		221
Goodwill on acquisition	$ 44,843	17	$ 44,824
Total consideration		$ 238

Acquisition Preliminary Purch43

Acquisition Preliminary Purchase Price Allocation to Identifiable Intangible Assets Acquired (Details) $ in Millions	Mar. 09, 2018USD ($)
Business Acquisition [Line Items]
Identifiable intangible assets acquired	$ 100
Trademarks
Business Acquisition [Line Items]
Identifiable intangible assets acquired	$ 87
Definite-lived intangible asset, weighted average life	22 years
Customer-related assets
Business Acquisition [Line Items]
Identifiable intangible assets acquired	$ 13
Definite-lived intangible asset, weighted average life	12 years

Integration and Restructuring44

Integration and Restructuring Expenses Additional Information (Details) $ in Millions	3 Months Ended		33 Months Ended
	Mar. 31, 2018USD ($)employee	Apr. 01, 2017USD ($)	Mar. 31, 2018USD ($)employeefactory
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	$ 90	$ 148
Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, cash expenditures, percent	60.00%		60.00%
Restructuring and related cost, number of facilities eliminated | factory			6
Restructuring and related cost, number of positions eliminated | employee			4,900
Restructuring and related cost, cost incurred to date	$ 2,113		$ 2,113
Restructuring and related cost, incurred cost	58	127
Restructuring and related cost, expected cost remaining	30		30
Integration Program | Severance and Employee Benefit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, cost incurred to date	539		539
Integration Program | Asset-Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, cost incurred to date	878		878
Restructuring and related cost, incurred cost	20
Integration Program | Other Implementation Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, cost incurred to date	588		588
Restructuring and related cost, incurred cost	38
Integration Program | Other Exit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, cost incurred to date	$ 108		$ 108
Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, number of positions eliminated | employee	70
Restructuring and related cost, incurred cost	$ 32	$ 21
Restructuring and related cost, expected number of positions eliminated | employee	700
Restructuring Activities | Severance and Employee Benefit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	$ 21
Restructuring Activities | Other Implementation Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	$ 11

Integration and Restructuring45

Integration and Restructuring Expenses Integration Program Reserve Roll-forward (Details) - Integration Program $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 46
Cash payments	(6)
Restructuring reserve, non-cash utilization	(9)
Ending Balance	31
Severance and Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	24
Cash payments	(5)
Restructuring reserve, non-cash utilization	(9)
Ending Balance	10
Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	22
Cash payments	(1)
Restructuring reserve, non-cash utilization	0
Ending Balance	$ 21

Integration and Restructuring46

Integration and Restructuring Expenses Restructuring Reserve Roll-forward (Details) - Restructuring Activities $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 41
Charges/(credits)	21
Cash payments	(7)
Restructuring reserve, non-cash utilization	9
Ending Balance	64
Severance and Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	16
Charges/(credits)	21
Cash payments	(6)
Restructuring reserve, non-cash utilization	9
Ending Balance	40
Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	25
Charges/(credits)	0
Cash payments	(1)
Restructuring reserve, non-cash utilization	0
Ending Balance	$ 24

Integration and Restructuring47

Integration and Restructuring Expenses Restructuring Costs by Type and Income Statement Location (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	$ 90	$ 148
Severance and Employee Benefit Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	16	12
Severance and Employee Benefit Costs | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	5	19
Severance and Employee Benefit Costs | Other expense/(income), net
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	0	13
Asset-Related Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	20	75
Asset-Related Costs | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	0	7
Other Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	40	9
Other Costs | Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost	$ 9	$ 13

Integration and Restructuring48

Integration and Restructuring Expenses Restructuring Costs Excluded from Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost	$ 90	$ 148
United States
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost	52	108
Canada
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost	3	10
EMEA
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost	21	14
Rest of World
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost	0	0
General corporate expenses
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost	$ 14	$ 16

Restricted Cash Reconciliation

Restricted Cash Reconciliation from Cash and Cash Equivalents to Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017	Apr. 01, 2017	Dec. 31, 2016
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 1,794	$ 1,629
Restricted cash included in other assets (current)	6	140
Cash, cash equivalents, and restricted cash	$ 1,800	$ 1,769	$ 3,282	$ 4,255

Inventories Components of Inven

Inventories Components of Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017
Inventory Disclosure [Abstract]
Packaging and ingredients	$ 588	$ 560
Work in process	478	439
Finished product	2,078	1,816
Inventories	$ 3,144	$ 2,815

Goodwill and Intangible Asset51

Goodwill and Intangible Assets Goodwill by Segment (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 44,824
Translation adjustments	2
Purchase accounting adjustments	17
Ending balance	44,843
United States
Goodwill [Roll Forward]
Beginning balance	33,700
Translation adjustments	0
Purchase accounting adjustments	0
Ending balance	33,700
Canada
Goodwill [Roll Forward]
Beginning balance	5,246
Translation adjustments	(128)
Purchase accounting adjustments	0
Ending balance	5,118
EMEA
Goodwill [Roll Forward]
Beginning balance	3,238
Translation adjustments	107
Purchase accounting adjustments	0
Ending balance	3,345
Rest of World
Goodwill [Roll Forward]
Beginning balance	2,640
Translation adjustments	23
Purchase accounting adjustments	17
Ending balance	$ 2,680

Goodwill and Intangible Asset52

Goodwill and Intangible Assets Goodwill - Additional Information (Details)	Apr. 02, 2017USD ($)	Mar. 31, 2018USD ($)goodwill_reporting_unit	Mar. 09, 2018USD ($)	Dec. 30, 2017USD ($)
Goodwill [Line Items]
Goodwill, impairment loss	$ 0
Reporting unit, percentage of fair value in excess of carrying amount	10.00%
Number of reporting units | goodwill_reporting_unit		20
Goodwill		$ 44,843,000,000	$ 17,000,000	$ 44,824,000,000
Goodwill, impaired, accumulated impairment loss		0
EMEA
Goodwill [Line Items]
Goodwill		3,345,000,000		3,238,000,000
EMEA | Goodwill
Goodwill [Line Items]
Prior period reclassification adjustment		179,000,000
Rest of World
Goodwill [Line Items]
Goodwill		2,680,000,000		$ 2,640,000,000
Rest of World | Goodwill
Goodwill [Line Items]
Prior period reclassification adjustment		$ (179,000,000)

Goodwill and Intangible Asset53

Goodwill and Intangible Assets Indefinite-Lived Intangible Assets (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 53,655
Translation adjustments	102
Ending balance	$ 53,757

Goodwill and Intangible Asset54

Goodwill and Intangible Assets Indefinite-Lived Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Jul. 01, 2017	Mar. 31, 2018	Dec. 30, 2017	Apr. 02, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment losses on indefinite-lived intangible assets	$ 49
Reporting unit, percentage of fair value in excess of carrying amount				10.00%
Indefinite-lived intangible assets		$ 53,757	$ 53,655

Goodwill and Intangible Asset55

Goodwill and Intangible Assets Definite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	$ 6,753	$ 6,631
Accumulated amortization	(910)	(837)
Net	5,843	5,794
Trademarks
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	2,478	2,386
Accumulated amortization	(317)	(288)
Net	2,161	2,098
Customer-related assets
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	4,254	4,231
Accumulated amortization	(588)	(544)
Net	3,666	3,687
Other
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	21	14
Accumulated amortization	(5)	(5)
Net	$ 16	$ 9

Goodwill and Intangible Asset56

Goodwill and Intangible Assets Definite-Lived Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 70	$ 67
Amortization of intangible assets, next twelve months	275
Amortization of intangible assets, year two	275
Amortization of intangible assets, year three	275
Amortization of intangible assets, year four	275
Amortization of intangible assets, year five	275
Trademarks
Finite-Lived Intangible Assets [Line Items]
Definite-lived intangible assets, purchase accounting adjustments	87
Customer-related assets
Finite-Lived Intangible Assets [Line Items]
Definite-lived intangible assets, purchase accounting adjustments	$ 13

Income Taxes Additional Informa

Income Taxes Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Apr. 01, 2017	Dec. 30, 2017
Income Tax Disclosure [Abstract]
Effective Tax Rate	20.80%	28.70%
U.S. federal statutory tax rate	21.00%		35.00%
Tax Cuts and Jobs Act of 2017, Measurement Period Adjustment, Income Tax Expense (Benefit)	$ 20
Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Undistributed Accumulated Earnings of Foreign Subsidiary, Provisional Unrecognized Deferred Tax Liability			$ 96

Employees' Stock Incentive Pl58

Employees' Stock Incentive Plans Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, exercises in period, intrinsic value	$ 20
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, vested in period, fair value	$ 8

Employees' Stock Incentive Pl59

Employees' Stock Incentive Plans Schedule of Stock Option Activity and Related Information (Details)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Roll-forward of Stock Option Activity (in shares)
Beginning balance | shares	19,289,564
Granted | shares	1,420,250
Forfeited | shares	(408,067)
Exercised | shares	(476,048)
Ending balance | shares	19,825,699
Stock Option Activity, Weighted Average Exercise Price [Abstract]
Options outstanding at period start, weighted average exercise price (in dollars per share) | $ / shares	$ 41.63
Options granted, weighted average exercise price (in dollars per share) | $ / shares	66.89
Options forfeited, weighted average exercise price (in dollars per share) | $ / shares	44.45
Options exercised, weighted average exercise price (in dollars per share) | $ / shares	32.19
Options outstanding at period end, weighted average exercise price (in dollars per share) | $ / shares	$ 43.61

Employees' Stock Incentive Pl60

Employees' Stock Incentive Plans Schedule of RSU Activity and Related Information (Details) - RSUs	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Roll-forward of RSU Activity (in shares)
Beginning balance | shares	1,284,262
Granted | shares	1,352,251
Forfeited | shares	(49,633)
Vested | shares	(113,671)
Ending balance | shares	2,473,209
Weighted Average Grant Date Fair Value [Abstract]
Outstanding at period start, weighted average grant date fair value (in dollars per share) | $ / shares	$ 81.91
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	58.78
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	86.85
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	73.12
Outstanding at period end, weighted average grant date fair value (in dollars per share) | $ / shares	$ 69.57

Employees' Stock Incentive Pl61

Employees' Stock Incentive Plans Schedule of PSU Activity and Related Information (Details) - PSUs	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Roll-forward of PSU Activity (in shares)
Beginning balance | shares	815,383
Granted | shares	2,595,333
Forfeited | shares	(32,812)
Ending balance | shares	3,377,904
Weighted Average Grant Date Fair Value [Abstract]
Outstanding at period start, weighted average grant date fair value (in dollars per share) | $ / shares	$ 70.16
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	56.82
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	69.02
Outstanding at period end, weighted average grant date fair value (in dollars per share) | $ / shares	$ 59.92

Postemployment Benefits Postemp

Postemployment Benefits Postemployment Benefit Plans - Additional Information (Details)	3 Months Ended
	Mar. 31, 2018USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, net periodic benefit cost (credit) reversal	$ 42,000,000
Defined benefit plan, amortization of prior service cost/(credit) reversal	28,000,000
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	(17,000,000)
Estimated future employer contributions in 2018	10,000,000
Non-U.S. Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	(5,000,000)
Estimated future employer contributions in 2018	50,000,000
U.S. Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	0
Estimated future employer contributions in 2018	$ 0

Postemployment Benefits Pension

Postemployment Benefits Pension Plans - Net Cost/(Benefit) (Details) - Pension Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2	$ 3
Interest cost	39	45
Expected return on plan assets	(63)	(65)
Amortization of unrecognized losses/(gains)	0	0
Special/contractual termination benefits	0	7
Other	0	2
Net pension cost/(benefit)	(22)	(8)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	4
Interest cost	19	16
Expected return on plan assets	(48)	(43)
Amortization of unrecognized losses/(gains)	1	0
Special/contractual termination benefits	1	6
Other	0	(9)
Net pension cost/(benefit)	$ (22)	$ (26)

Postemployment Benefits Postret

Postemployment Benefits Postretirement Benefit Plans - Net Cost/(Benefit) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Defined Benefit Plan Disclosure [Line Items]
Amortization of prior service costs/(credits)	$ (106)	$ (82)
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	2	2
Interest cost	11	13
Expected return on plan assets	(12)	0
Amortization of prior service costs/(credits)	(78)	(90)
Net pension cost/(benefit)	$ (77)	$ (75)

Financial Instruments Schedule

Financial Instruments Schedule of Notional Values of Outstanding Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017
Commodity contracts
Derivative [Line Items]
Derivative, notional amount	$ 389	$ 272
Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	3,447	2,876
Cross-currency contracts
Derivative [Line Items]
Derivative, notional amount	$ 3,161	$ 3,161

Financial Instruments Schedul66

Financial Instruments Schedule of Derivative Fair Values (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	$ 379	$ 392
Derivative liability, fair value, gross liability	44	53
Foreign exchange contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	12	8
Derivative liability, fair value, gross liability	28	42
Foreign exchange contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	14	17
Derivative liability, fair value, gross liability	5	3
Cross-currency contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	329	344
Derivative liability, fair value, gross liability	0	0
Cross-currency contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	18	19
Derivative liability, fair value, gross liability	0	0
Commodity contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	6	4
Derivative liability, fair value, gross liability	11	8
Level 1
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	6	4
Derivative liability, fair value, gross liability	11	8
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 1 | Commodity contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	6	4
Derivative liability, fair value, gross liability	11	8
Level 2
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	373	388
Derivative liability, fair value, gross liability	33	45
Level 2 | Foreign exchange contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	12	8
Derivative liability, fair value, gross liability	28	42
Level 2 | Foreign exchange contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	14	17
Derivative liability, fair value, gross liability	5	3
Level 2 | Cross-currency contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	329	344
Derivative liability, fair value, gross liability	0	0
Level 2 | Cross-currency contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Derivative asset, fair value, gross asset	18	19
Derivative liability, fair value, gross liability	0	0
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	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 | 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
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

Financial Instruments Additiona

Financial Instruments Additional Information (Details) € in Millions, £ in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)	Apr. 01, 2017USD ($)	Mar. 31, 2018GBP (£)	Mar. 31, 2018USD ($)	Mar. 31, 2018EUR (€)	Dec. 30, 2017USD ($)
Derivative [Line Items]
Derivative, collateral, right to reclaim cash				$ 30		$ 23
Derivative, collateral, obligation to return cash				30		$ 23
Foreign exchange contracts | Designated as hedging instrument
Derivative [Line Items]
Derivative, term	21 months
Foreign exchange contracts | Not designated as hedging instrument
Derivative [Line Items]
Derivative, term	11 months
Cross-currency contracts | Designated as hedging instrument
Derivative [Line Items]
Derivative, term	21 months
Cross-currency contracts | Not designated as hedging instrument
Derivative [Line Items]
Derivative, term	19 months
Commodity contracts | Not designated as hedging instrument
Derivative [Line Items]
Derivative, term	9 months
Net Investment Hedging | Designated as hedging instrument
Derivative [Line Items]
Non-derivative instruments, loss (gain) recognized in other comprehensive income (loss), net	$ 103	$ 44
Net Investment Hedging | Foreign exchange contracts | Designated as hedging instrument
Derivative [Line Items]
Derivative liability, notional amount				$ 221
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 Schedul68

Financial Instruments Schedule of Cross-Currency Swaps Designated as Net Investment Hedges (Details) - Mar. 31, 2018 - Net Investment Hedging - Designated as hedging instrument - Cross-currency contracts £ in Billions, $ in Billions, $ in Billions	GBP (£)	USD ($)	CAD ($)
United Kingdom, Pounds
Derivative [Line Items]
Derivative asset, notional amount	£ 0.8	$ 1.4
Canada, Dollars
Derivative [Line Items]
Derivative asset, notional amount		$ 1.6	$ 1.8

Financial Instruments Derivativ

Financial Instruments Derivative Impact on Statements of Income and Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	$ (5)	$ (37)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	(5)	(37)
Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	33	(14)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	33	(14)
Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Designated as hedging instrument | Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	0	0
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Designated as hedging instrument | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	14	(43)
Net gain/(loss) recognized in income	13	(16)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	13	(16)
Designated as hedging instrument | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	(11)	(30)
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Designated as hedging instrument | Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	0	0
Net gain/(loss) recognized in income	(1)	(1)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Not designated as hedging instrument | Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	(5)	(37)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	(5)	(37)
Not designated as hedging instrument | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	20	2
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	20	2
Not designated as hedging instrument | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Not designated as hedging instrument | Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Not designated as hedging instrument | Cost of products sold | Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	(5)	(37)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	(5)	(37)
Not designated as hedging instrument | Cost of products sold | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Not designated as hedging instrument | Cost of products sold | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Not designated as hedging instrument | Cost of products sold | Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Not designated as hedging instrument | Other income/(expense), net | Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Not designated as hedging instrument | Other income/(expense), net | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	20	2
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	20	2
Not designated as hedging instrument | Other income/(expense), net | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Not designated as hedging instrument | Other income/(expense), net | Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Cash Flow Hedging | Designated as hedging instrument | Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	0	0
Cash Flow Hedging | Designated as hedging instrument | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	25	(39)
Cash Flow Hedging | Designated as hedging instrument | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	0	0
Cash Flow Hedging | Designated as hedging instrument | Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	0	0
Cash Flow Hedging | Designated as hedging instrument | Cost of products sold | Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income (effective portion)	0	0
Cash Flow Hedging | Designated as hedging instrument | Cost of products sold | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income (effective portion)	(5)	(1)
Cash Flow Hedging | Designated as hedging instrument | Cost of products sold | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income (effective portion)	0	0
Cash Flow Hedging | Designated as hedging instrument | Cost of products sold | Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income (effective portion)	0	0
Cash Flow Hedging | Designated as hedging instrument | Other income/(expense), net | Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Cash Flow Hedging | Designated as hedging instrument | Other income/(expense), net | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	18	(15)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	18	(15)
Cash Flow Hedging | Designated as hedging instrument | Other income/(expense), net | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Cash Flow Hedging | Designated as hedging instrument | Other income/(expense), net | Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Cash Flow Hedging | Designated as hedging instrument | Interest expense | Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Cash Flow Hedging | Designated as hedging instrument | Interest expense | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Cash Flow Hedging | Designated as hedging instrument | Interest expense | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	0	0
Cash Flow Hedging | Designated as hedging instrument | Interest expense | Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Derivatives not designated as hedging instruments:
Net gain/(loss) recognized in income	(1)	(1)
Net Investment Hedging | Designated as hedging instrument | Commodity contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	0	0
Net Investment Hedging | Designated as hedging instrument | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	(11)	(4)
Net Investment Hedging | Designated as hedging instrument | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	(11)	(30)
Net Investment Hedging | Designated as hedging instrument | Interest rate contracts
Derivatives designated as hedging instruments:
Net gain/(loss) recognized in other comprehensive income (effective portion)	$ 0	$ 0

Accumulated Other Comprehensi70

Accumulated Other Comprehensive Income/(Losses) Components of and Changes in Accumulated Other Comprehensive Income/(Losses) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (1,054)
Foreign currency translation adjustments	197	$ 307
Net deferred gains/(losses) on net investment hedges	(74)	(51)
Net deferred gains/(losses) on cash flow hedges	22	(34)
Net deferred losses/(gains) on cash flow hedges reclassified to net income	(13)	20
Reclassification of net postemployment benefit losses/(gains)	(58)	(55)
Ending balance	(975)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,587)
Foreign currency translation adjustments	202
Net deferred gains/(losses) on net investment hedges	(74)
Net deferred gains/(losses) on cash flow hedges	0
Net deferred losses/(gains) on cash flow hedges reclassified to net income	0
Reclassification of net postemployment benefit losses/(gains)	0
Total other comprehensive income/(loss)	128
Ending balance	(1,459)
Net Postemployment Benefit Plan Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	549
Foreign currency translation adjustments	0
Net deferred gains/(losses) on net investment hedges	0
Net deferred gains/(losses) on cash flow hedges	0
Net deferred losses/(gains) on cash flow hedges reclassified to net income	0
Reclassification of net postemployment benefit losses/(gains)	(58)
Total other comprehensive income/(loss)	(58)
Ending balance	491
Net Cash Flow Hedge Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(16)
Foreign currency translation adjustments	0
Net deferred gains/(losses) on net investment hedges	0
Net deferred gains/(losses) on cash flow hedges	22
Net deferred losses/(gains) on cash flow hedges reclassified to net income	(13)
Reclassification of net postemployment benefit losses/(gains)	0
Total other comprehensive income/(loss)	9
Ending balance	(7)
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(1,054)
Foreign currency translation adjustments	202	309
Net deferred gains/(losses) on net investment hedges	(74)	(51)
Net deferred gains/(losses) on cash flow hedges	22	(34)
Net deferred losses/(gains) on cash flow hedges reclassified to net income	(13)	20
Reclassification of net postemployment benefit losses/(gains)	(58)	$ (55)
Total other comprehensive income/(loss)	79
Ending balance	$ (975)

Accumulated Other Comprehensi71

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
	Mar. 31, 2018	Apr. 01, 2017
Accumulated Other Comprehensive Income/(Loss) [Line Items]
Foreign currency translation adjustments, net of tax	$ 197	$ 307
Net deferred gains/(losses) on net investment hedges, net of tax	(74)	(51)
Net deferred gains/(losses) on cash flow hedges, net of tax	22	(34)
Net deferred losses/(gains) on cash flow hedges reclassified to net income, net of tax	(13)	20
Net actuarial gains/(losses) arising during the period, net of tax	0	(10)
Reclassification of net postemployment benefit losses/(gains), net of tax	(58)	(55)
AOCI Attributable to Parent
Accumulated Other Comprehensive Income/(Loss) [Line Items]
Foreign currency translation adjustments, before tax	202	309
Foreign currency translation adjustments, tax	0	0
Foreign currency translation adjustments, net of tax	202	309
Net deferred gains/(losses) on net investment hedges, before tax	(125)	(78)
Net deferred gains/(losses) on net investment hedges, tax	51	27
Net deferred gains/(losses) on net investment hedges, net of tax	(74)	(51)
Net deferred gains/(losses) on cash flow hedges, before tax	25	(39)
Net deferred gains/(losses) on cash flow hedges, tax	(3)	5
Net deferred gains/(losses) on cash flow hedges, net of tax	22	(34)
Net deferred losses/(gains) on cash flow hedges reclassified to net income, before tax	(12)	17
Net deferred losses/(gains) on cash flow hedges reclassified to net income, tax	(1)	3
Net deferred losses/(gains) on cash flow hedges reclassified to net income, net of tax	(13)	20
Net actuarial gains/(losses) arising during the period, before tax	0	(12)
Net actuarial gains/(losses) arising during the period, tax	0	2
Net actuarial gains/(losses) arising during the period, net of tax	0	(10)
Reclassification of net postemployment benefit losses/(gains), before tax	(77)	(90)
Reclassification of net postemployment benefit losses/(gains), tax	19	35
Reclassification of net postemployment benefit losses/(gains), net of tax	$ (58)	$ (55)

Accumulated Other Comprehensi72

Accumulated Other Comprehensive Income/(Losses) Amounts Reclassified from Accumulated Other Comprehensive Income/(Losses) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
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	$ (13)	$ 20
Reclassification of net postemployment benefit losses/(gains), net of tax	(58)	(55)
AOCI Attributable to Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Losses/(gains) on cash flow hedges before income taxes	(12)	17
Losses/(gains) on cash flow hedges, income taxes	(1)	3
Net deferred losses/(gains) on cash flow hedges reclassified to net income, net of tax	(13)	20
Amortization of unrecognized losses/(gains)	1	0
Amortization of prior service costs/(credits)	(78)	(90)
Losses/(gains) on postemployment benefits before income taxes	(77)	(90)
Losses/(gains) on postemployment benefits, income taxes	19	35
Reclassification of net postemployment benefit losses/(gains), net of tax	(58)	(55)
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	5	1
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	(18)	15
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

Venezuela - Foreign Currency 73

Venezuela - Foreign Currency and Inflation Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($) / $	Apr. 01, 2017USD ($)	Feb. 01, 2018 / $	Dec. 30, 2017USD ($)	Sep. 30, 2017 / $	Mar. 09, 2016 / $
Foreign Currency [Line Items]
Outstanding requests for currency settlements at the official exchange rate | $				$ 26
Nonmonetary currency devaluation loss/(gain) | $	$ 47	$ 8
Official CENCOEX BsF Rate
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	10					6.30
Venezuelan BsF on DICOM market, period end spot
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	49,478		25,000		3,345
Venezuelan BsF on DICOM market, year-to-date average
Foreign Currency [Line Items]
Foreign currency exchange rate, translation	18,081

Financing Arrangements Addition

Financing Arrangements Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017
Transfers and Servicing [Abstract]
Receivables derecognized under accounts receivable factoring programs	$ 1,200	$ 1,000
Cash received in exchange for receivables derecognized as of period end	659	673
Sold receivables	530	353
Other liabilities, structured payables, current	$ 141	$ 188

Commitments, Contingencies an75

Commitments, Contingencies and Debt Redeemable Noncontrolling Interest (Details) $ in Millions	Mar. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Redemption value of redeemable noncontrolling interest	$ 100

Commitments, Contingencies an76

Commitments, Contingencies and Debt Debt (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017
Debt Disclosure [Abstract]
Commercial paper	$ 965	$ 448
Fair value of total debt	32,600	33,000
Carrying value of total debt	$ 32,300	$ 31,500

Earnings Per Share Schedule of

Earnings Per Share Schedule of Earnings Per Common Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Basic EPS
Net income/(loss) attributable to common shareholders	$ 993	$ 893
Weighted average shares of common stock outstanding (in shares)	1,219	1,217
Basic earnings/(loss) per common share (in dollars per share)	$ 0.81	$ 0.73
Diluted EPS
Net income/(loss) attributable to common shareholders	$ 993	$ 893
Weighted average shares of common stock outstanding (in shares)	1,219	1,217
Effect of dilutive equity awards (in shares)	9	12
Weighted average shares of common stock outstanding, including dilutive effect (in shares)	1,228	1,229
Diluted earnings/(loss) per common share (in dollars per share)	$ 0.81	$ 0.73

Earnings Per Share Additional I

Earnings Per Share Additional Information (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Earnings Per Share [Abstract]
Anti-dilutive shares	5	1

Segment Reporting Additional In

Segment Reporting Additional Information (Details)	3 Months Ended
	Mar. 31, 2018segment
Segment Reporting [Abstract]
Number of operating 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
	Mar. 31, 2018	Apr. 01, 2017
Segment Reporting Information [Line Items]
Net sales	$ 6,304	$ 6,324
United States
Segment Reporting Information [Line Items]
Net sales	4,368	4,518
Canada
Segment Reporting Information [Line Items]
Net sales	484	440
EMEA
Segment Reporting Information [Line Items]
Net sales	685	597
Rest of World
Segment Reporting Information [Line Items]
Net sales	$ 767	$ 769

Segment Reporting Segment Adjus

Segment Reporting Segment Adjusted EBITDA (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Segment Reporting Information [Line Items]
Depreciation and amortization (excluding integration and restructuring expenses)	$ (206)	$ (222)
Integration and restructuring expenses	(90)	(135)
Merger costs	9	0
Unrealized gains/(losses) on commodity hedges	(2)	(42)
Equity award compensation expense (excluding integration and restructuring expenses)	(7)	(12)
Operating income	1,481	1,433
Interest expense	317	313
Other expense/(income), net	(90)	(130)
Income/(loss) before income taxes	1,254	1,250
United States
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA:	1,382	1,464
Canada
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA:	134	125
EMEA
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA:	182	140
Rest of World
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA:	143	144
General corporate expenses
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA:	$ (46)	$ (29)

Segment Reporting Net Sales b82

Segment Reporting Net Sales by Product Category (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Revenue from External Customer [Line Items]
Net sales	$ 6,304	$ 6,324
Condiments and sauces
Revenue from External Customer [Line Items]
Net sales	1,625	1,536
Cheese and dairy
Revenue from External Customer [Line Items]
Net sales	1,251	1,292
Ambient meals
Revenue from External Customer [Line Items]
Net sales	634	607
Frozen and chilled meals
Revenue from External Customer [Line Items]
Net sales	604	648
Meats and seafood
Revenue from External Customer [Line Items]
Net sales	608	657
Refreshment beverages
Revenue from External Customer [Line Items]
Net sales	375	369
Coffee
Revenue from External Customer [Line Items]
Net sales	357	349
Infant and nutrition
Revenue from External Customer [Line Items]
Net sales	199	188
Desserts, toppings and baking
Revenue from External Customer [Line Items]
Net sales	193	194
Nuts and salted snacks
Revenue from External Customer [Line Items]
Net sales	190	231
Total net sales
Revenue from External Customer [Line Items]
Net sales	$ 268	$ 253

Supplemental Financial Inform83

Supplemental Financial Information Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Condensed Income Statements, Captions [Line Items]
Net sales	$ 6,304	$ 6,324
Cost of products sold	4,059	4,125
Gross profit	2,245	2,199
Selling, general and administrative expenses	764	766
Intercompany service fees and other recharges	0	0
Operating income	1,481	1,433
Interest expense	317	313
Other expense/(income), net	(90)	(130)
Income/(loss) before income taxes	1,254	1,250
Provision for/(benefit from) income taxes	261	359
Equity in earnings of subsidiaries	0	0
Net income/(loss)	993	891
Net income/(loss) attributable to noncontrolling interest	0	(2)
Net income/(loss) excluding noncontrolling interest	993	893
Comprehensive income/(loss) excluding noncontrolling interest	1,072	1,072
Eliminations
Condensed Income Statements, Captions [Line Items]
Net sales	(127)	(162)
Cost of products sold	(127)	(162)
Gross profit	0	0
Selling, general and administrative expenses	0	0
Intercompany service fees and other recharges	0	0
Operating income	0	0
Interest expense	0	0
Other expense/(income), net	0	0
Income/(loss) before income taxes	0	0
Provision for/(benefit from) income taxes	0	0
Equity in earnings of subsidiaries	(1,855)	(1,740)
Net income/(loss)	(1,855)	(1,740)
Net income/(loss) attributable to noncontrolling interest	0	0
Net income/(loss) excluding noncontrolling interest	(1,855)	(1,740)
Comprehensive income/(loss) excluding noncontrolling interest	(2,237)	(2,914)
Parent Guarantor | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	0	0
Cost of products sold	0	0
Gross profit	0	0
Selling, general and administrative expenses	0	0
Intercompany service fees and other recharges	0	0
Operating income	0	0
Interest expense	0	0
Other expense/(income), net	0	0
Income/(loss) before income taxes	0	0
Provision for/(benefit from) income taxes	0	0
Equity in earnings of subsidiaries	993	893
Net income/(loss)	993	893
Net income/(loss) attributable to noncontrolling interest	0	0
Net income/(loss) excluding noncontrolling interest	993	893
Comprehensive income/(loss) excluding noncontrolling interest	1,072	1,072
Subsidiary Issuer | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	4,169	4,329
Cost of products sold	2,588	2,762
Gross profit	1,581	1,567
Selling, general and administrative expenses	183	196
Intercompany service fees and other recharges	1,155	1,108
Operating income	243	263
Interest expense	298	303
Other expense/(income), net	(159)	(74)
Income/(loss) before income taxes	104	34
Provision for/(benefit from) income taxes	(27)	(12)
Equity in earnings of subsidiaries	862	847
Net income/(loss)	993	893
Net income/(loss) attributable to noncontrolling interest	0	0
Net income/(loss) excluding noncontrolling interest	993	893
Comprehensive income/(loss) excluding noncontrolling interest	1,072	1,072
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Net sales	2,262	2,157
Cost of products sold	1,598	1,525
Gross profit	664	632
Selling, general and administrative expenses	581	570
Intercompany service fees and other recharges	(1,155)	(1,108)
Operating income	1,238	1,170
Interest expense	19	10
Other expense/(income), net	69	(56)
Income/(loss) before income taxes	1,150	1,216
Provision for/(benefit from) income taxes	288	371
Equity in earnings of subsidiaries	0	0
Net income/(loss)	862	845
Net income/(loss) attributable to noncontrolling interest	0	(2)
Net income/(loss) excluding noncontrolling interest	862	847
Comprehensive income/(loss) excluding noncontrolling interest	$ 1,165	$ 1,842

Supplemental Financial Inform84

Supplemental Financial Information Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Mar. 31, 2018	Mar. 09, 2018	Dec. 30, 2017
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 1,794		$ 1,629
Trade receivables	1,044		921
Receivables due from affiliates	0		0
Dividends due from affiliates	0		0
Sold receivables	530		353
Income taxes receivable	150		582
Inventories	3,144		2,815
Short-term lending due from affiliates	0		0
Other current assets	775		966
Total current assets	7,437		7,266
Property, plant and equipment, net	7,267		7,120
Goodwill	44,843	$ 17	44,824
Investments in subsidiaries	0		0
Intangible assets, net	59,600		59,449
Long-term lending due from affiliates	0		0
Other assets	1,640		1,573
TOTAL ASSETS	120,787		120,232
Commercial paper and other short-term debt	1,001		460
Current portion of long-term debt	2,742		2,743
Short-term lending due to affiliates	0		0
Trade payables	4,241		4,449
Payables due to affiliates	0		0
Accrued marketing	567		680
Income taxes payable	291		152
Interest payable	345		419
Dividends due to affiliates	0		0
Other current liabilities	1,142		1,229
Total current liabilities	10,329		10,132
Long-term debt	28,561		28,333
Long-term borrowings due to affiliates	0		0
Deferred income taxes	14,085		14,076
Accrued postemployment costs	400		427
Other liabilities	949		1,017
TOTAL LIABILITIES	54,324		53,985
Redeemable noncontrolling interest	8		6
Total shareholders’ equity	66,248		66,034
Noncontrolling interest	207		207
TOTAL EQUITY	66,455		66,241
TOTAL LIABILITIES AND EQUITY	120,787		120,232
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	0		0
Trade receivables	0		0
Receivables due from affiliates	(958)		(923)
Dividends due from affiliates	0		(135)
Sold receivables	0		0
Income taxes receivable	(1,458)		(1,419)
Inventories	0		0
Short-term lending due from affiliates	(5,377)		(5,414)
Other current assets	(8)		0
Total current assets	(7,801)		(7,891)
Property, plant and equipment, net	0		0
Goodwill	0		0
Investments in subsidiaries	(146,926)		(146,460)
Intangible assets, net	0		0
Long-term lending due from affiliates	(3,731)		(3,729)
Other assets	0		0
TOTAL ASSETS	(158,458)		(158,080)
Commercial paper and other short-term debt	0		0
Current portion of long-term debt	0		0
Short-term lending due to affiliates	(5,377)		(5,414)
Trade payables	0		0
Payables due to affiliates	(958)		(923)
Accrued marketing	0		0
Income taxes payable	(1,458)		(1,419)
Interest payable	0		0
Dividends due to affiliates	0		(135)
Other current liabilities	(8)		0
Total current liabilities	(7,801)		(7,891)
Long-term debt	0		0
Long-term borrowings due to affiliates	(4,104)		(3,948)
Deferred income taxes	0		0
Accrued postemployment costs	0		0
Other liabilities	0		0
TOTAL LIABILITIES	(11,905)		(11,839)
Redeemable noncontrolling interest	0		0
Total shareholders’ equity	(146,553)		(146,241)
Noncontrolling interest	0		0
TOTAL EQUITY	(146,553)		(146,241)
TOTAL LIABILITIES AND EQUITY	(158,458)		(158,080)
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		0
Dividends due from affiliates	0		135
Sold receivables	0		0
Income taxes receivable	0		0
Inventories	0		0
Short-term lending due from affiliates	0		0
Other current assets	0		0
Total current assets	0		135
Property, plant and equipment, net	0		0
Goodwill	0		0
Investments in subsidiaries	66,248		66,034
Intangible assets, net	0		0
Long-term lending due from affiliates	0		0
Other assets	0		0
TOTAL ASSETS	66,248		66,169
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
Income taxes payable	0		0
Interest payable	0		0
Dividends due to affiliates	0		0
Other current liabilities	0		135
Total current liabilities	0		135
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	0		135
Redeemable noncontrolling interest	0		0
Total shareholders’ equity	66,248		66,034
Noncontrolling interest	0		0
TOTAL EQUITY	66,248		66,034
TOTAL LIABILITIES AND EQUITY	66,248		66,169
Subsidiary Issuer | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	647		509
Trade receivables	88		91
Receivables due from affiliates	743		716
Dividends due from affiliates	0		0
Sold receivables	0		0
Income taxes receivable	1,452		1,904
Inventories	2,035		1,846
Short-term lending due from affiliates	1,704		1,598
Other current assets	354		493
Total current assets	7,023		7,157
Property, plant and equipment, net	4,601		4,577
Goodwill	11,067		11,067
Investments in subsidiaries	80,678		80,426
Intangible assets, net	3,187		3,222
Long-term lending due from affiliates	1,700		1,700
Other assets	491		515
TOTAL ASSETS	108,747		108,664
Commercial paper and other short-term debt	965		448
Current portion of long-term debt	2,579		2,577
Short-term lending due to affiliates	3,673		3,816
Trade payables	2,575		2,718
Payables due to affiliates	215		207
Accrued marketing	142		236
Income taxes payable	6		0
Interest payable	339		404
Dividends due to affiliates	0		135
Other current liabilities	451		473
Total current liabilities	10,945		11,014
Long-term debt	27,616		27,442
Long-term borrowings due to affiliates	2,031		2,029
Deferred income taxes	1,147		1,245
Accrued postemployment costs	167		184
Other liabilities	593		716
TOTAL LIABILITIES	42,499		42,630
Redeemable noncontrolling interest	0		0
Total shareholders’ equity	66,248		66,034
Noncontrolling interest	0		0
TOTAL EQUITY	66,248		66,034
TOTAL LIABILITIES AND EQUITY	108,747		108,664
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	1,147		1,120
Trade receivables	956		830
Receivables due from affiliates	215		207
Dividends due from affiliates	0		0
Sold receivables	530		353
Income taxes receivable	156		97
Inventories	1,109		969
Short-term lending due from affiliates	3,673		3,816
Other current assets	429		473
Total current assets	8,215		7,865
Property, plant and equipment, net	2,666		2,543
Goodwill	33,776		33,757
Investments in subsidiaries	0		0
Intangible assets, net	56,413		56,227
Long-term lending due from affiliates	2,031		2,029
Other assets	1,149		1,058
TOTAL ASSETS	104,250		103,479
Commercial paper and other short-term debt	36		12
Current portion of long-term debt	163		166
Short-term lending due to affiliates	1,704		1,598
Trade payables	1,666		1,731
Payables due to affiliates	743		716
Accrued marketing	425		444
Income taxes payable	1,743		1,571
Interest payable	6		15
Dividends due to affiliates	0		0
Other current liabilities	699		621
Total current liabilities	7,185		6,874
Long-term debt	945		891
Long-term borrowings due to affiliates	2,073		1,919
Deferred income taxes	12,938		12,831
Accrued postemployment costs	233		243
Other liabilities	356		301
TOTAL LIABILITIES	23,730		23,059
Redeemable noncontrolling interest	8		6
Total shareholders’ equity	80,305		80,207
Noncontrolling interest	207		207
TOTAL EQUITY	80,512		80,414
TOTAL LIABILITIES AND EQUITY	$ 104,250		$ 103,479

Supplemental Financial Inform85

Supplemental Financial Information Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 01, 2017
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	$ 413	$ (615)
Cash receipts on sold receivables	436	464
Capital expenditures	(223)	(368)
Payments to acquire Cerebos Pacific Limited, net of cash acquired	(215)	0
Net proceeds from/(payments on) intercompany lending activities	0	0
Additional investments in subsidiaries	0
Return of capital	0	0
Other investing activities, net	6	38
Net cash provided by/(used for) investing activities	4	134
Proceeds from issuance of commercial paper	1,524	2,324
Repayments of commercial paper	(1,006)	(2,068)
Net proceeds from/(payments on) intercompany borrowing activities	0	0
Dividends paid-common stock	(897)	(736)
Other intercompany capital stock transactions	0	0
Other financing activities, net	3	(25)
Net cash provided by/(used for) financing activities	(376)	(505)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(10)	13
Net increase/(decrease)	31	(973)
Balance at beginning of period	1,769	4,255
Balance at end of period	1,800	3,282
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	(897)	(736)
Cash receipts on sold receivables	0	0
Capital expenditures	0	0
Payments to acquire Cerebos Pacific Limited, net of cash acquired	0
Net proceeds from/(payments on) intercompany lending activities	(652)	71
Additional investments in subsidiaries	5
Return of capital	(6)	(7)
Other investing activities, net	0	0
Net cash provided by/(used for) investing activities	(653)	64
Proceeds from issuance of commercial paper	0	0
Repayments of commercial paper	0	0
Net proceeds from/(payments on) intercompany borrowing activities	652	(71)
Dividends paid-common stock	897	736
Other intercompany capital stock transactions	1	7
Other financing activities, net	0	0
Net cash provided by/(used for) financing activities	1,550	672
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
Balance at end of period	0	0
Parent Guarantor | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	897	736
Cash receipts on sold receivables	0	0
Capital expenditures	0	0
Payments to acquire Cerebos Pacific Limited, net of cash acquired	0
Net proceeds from/(payments on) intercompany lending activities	0	0
Additional investments in subsidiaries	0
Return of capital	6	7
Other investing activities, net	0	0
Net cash provided by/(used for) investing activities	6	7
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-common stock	(897)	(736)
Other intercompany capital stock transactions	0	0
Other financing activities, net	(6)	(7)
Net cash provided by/(used for) financing activities	(903)	(743)
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
Balance at end of period	0	0
Subsidiary Issuer | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	447	(304)
Cash receipts on sold receivables	0	0
Capital expenditures	(101)	(203)
Payments to acquire Cerebos Pacific Limited, net of cash acquired	(236)
Net proceeds from/(payments on) intercompany lending activities	469	(4)
Additional investments in subsidiaries	(5)
Return of capital	0	0
Other investing activities, net	6	44
Net cash provided by/(used for) investing activities	133	(163)
Proceeds from issuance of commercial paper	1,524	2,324
Repayments of commercial paper	(1,006)	(2,068)
Net proceeds from/(payments on) intercompany borrowing activities	(183)	67
Dividends paid-common stock	(897)	(736)
Other intercompany capital stock transactions	(6)	(7)
Other financing activities, net	(9)	(21)
Net cash provided by/(used for) financing activities	(577)	(441)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	0	0
Net increase/(decrease)	3	(908)
Balance at beginning of period	644	2,869
Balance at end of period	647	1,961
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by/(used for) operating activities	(34)	(311)
Cash receipts on sold receivables	436	464
Capital expenditures	(122)	(165)
Payments to acquire Cerebos Pacific Limited, net of cash acquired	21
Net proceeds from/(payments on) intercompany lending activities	183	(67)
Additional investments in subsidiaries	0
Return of capital	0	0
Other investing activities, net	0	(6)
Net cash provided by/(used for) investing activities	518	226
Proceeds from issuance of commercial paper	0	0
Repayments of commercial paper	0	0
Net proceeds from/(payments on) intercompany borrowing activities	(469)	4
Dividends paid-common stock	0	0
Other intercompany capital stock transactions	5	0
Other financing activities, net	18	3
Net cash provided by/(used for) financing activities	(446)	7
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(10)	13
Net increase/(decrease)	28	(65)
Balance at beginning of period	1,125	1,386
Balance at end of period	$ 1,153	$ 1,321

Supplemental Financial Inform86

Supplemental Financial Information Reconciliation From Cash and Cash Equivalents to Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 30, 2017	Apr. 01, 2017	Dec. 31, 2016
Schedule of Cash, Cash Equivalents, and Restricted Cash [Line Items]
Cash and cash equivalents	$ 1,794	$ 1,629
Restricted cash included in other assets (current)	6	140
Cash, cash equivalents, and restricted cash	1,800	1,769	$ 3,282	$ 4,255
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
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
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	647	509
Restricted cash included in other assets (current)	0	135
Cash, cash equivalents, and restricted cash	647	644	1,961	2,869
Non-Guarantor Subsidiaries | Reportable Legal Entities
Schedule of Cash, Cash Equivalents, and Restricted Cash [Line Items]
Cash and cash equivalents	1,147	1,120
Restricted cash included in other assets (current)	6	5
Cash, cash equivalents, and restricted cash	$ 1,153	$ 1,125	$ 1,321	$ 1,386