Supplemental Guarantor Information | Supplemental Guarantor Information Restatement of Previously Issued Condensed Consolidating Financial Statements We have restated herein our previously issued condensed consolidating financial statements for fiscal years 2017 and 2016. Following the restated condensed consolidating financial statement tables, we have presented our condensed consolidating financial statements as previously reported for fiscal years 2017 and 2016, which were derived from our Annual Report on Form 10-K for the fiscal year ended December 30, 2017 filed on February 16, 2018. See Note 2, Restatement of Previously Issued Consolidated Financial Statements , for additional information, including a description of the misstatements. In addition, the statements of income for fiscal years 2017 and 2016, as previously reported, did not originally reflect the adoption of ASU 2017-07 related to the presentation of net periodic benefit cost (pension and postretirement cost). This ASU was adopted in the first quarter of 2018 and was applied retrospectively for statement of income presentation of service cost components and other net periodic benefit cost components. The condensed consolidating statements of income for fiscal years 2017 and 2016 have been recast accordingly. See Note 4, New Accounting Standards , for additional information related to our adoption of ASU 2017-07. Supplemental Guarantor Information Kraft Heinz fully and unconditionally guarantees the notes issued by our 100% owned operating subsidiary, KHFC, including the New Notes. See Note 19, Debt , 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), KHFC (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 Year Ended December 29, 2018 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 17,317 $ 9,481 $ (530 ) $ 26,268 Cost of products sold — 11,290 6,587 (530 ) 17,347 Gross profit — 6,027 2,894 — 8,921 Selling, general and administrative expenses, excluding impairment losses — 803 2,402 — 3,205 Goodwill impairment losses — — 7,008 — 7,008 Intangible asset impairment losses — — 8,928 — 8,928 Selling, general and administrative expenses — 803 18,338 — 19,141 Intercompany service fees and other recharges — 3,865 (3,865 ) — — Operating income/(loss) — 1,359 (11,579 ) — (10,220 ) Interest expense — 1,212 72 — 1,284 Other expense/(income), net — (359 ) 176 — (183 ) Income/(loss) before income taxes — 506 (11,827 ) — (11,321 ) Provision for/(benefit from) income taxes — 112 (1,179 ) — (1,067 ) Equity in earnings/(losses) of subsidiaries (10,192 ) (10,586 ) — 20,778 — Net income/(loss) (10,192 ) (10,192 ) (10,648 ) 20,778 (10,254 ) Net income/(loss) attributable to noncontrolling interest — — (62 ) — (62 ) Net income/(loss) excluding noncontrolling interest $ (10,192 ) $ (10,192 ) $ (10,586 ) $ 20,778 $ (10,192 ) Comprehensive income/(loss) excluding noncontrolling interest $ (11,081 ) $ (11,081 ) $ (11,550 ) $ 22,631 $ (11,081 ) The Kraft Heinz Company Condensed Consolidating Statements of Income For the Year Ended December 30, 2017 (in millions) As Restated & Recast Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 17,397 $ 9,247 $ (568 ) $ 26,076 Cost of products sold — 11,147 6,464 (568 ) 17,043 Gross profit — 6,250 2,783 — 9,033 Selling, general and administrative expenses, excluding impairment losses — 695 2,232 — 2,927 Goodwill impairment losses — — — — — Intangible asset impairment losses — — 49 — 49 Selling, general and administrative expenses — 695 2,281 — 2,976 Intercompany service fees and other recharges — 4,307 (4,307 ) — — Operating income/(loss) — 1,248 4,809 — 6,057 Interest expense — 1,189 45 — 1,234 Other expense/(income), net — (535 ) (92 ) — (627 ) Income/(loss) before income taxes — 594 4,856 — 5,450 Provision for/(benefit from) income taxes — (243 ) (5,239 ) — (5,482 ) Equity in earnings/(losses) of subsidiaries 10,941 10,104 — (21,045 ) — Net income/(loss) 10,941 10,941 10,095 (21,045 ) 10,932 Net income/(loss) attributable to noncontrolling interest — — (9 ) — (9 ) Net income/(loss) excluding noncontrolling interest $ 10,941 $ 10,941 $ 10,104 $ (21,045 ) $ 10,941 Comprehensive income/(loss) excluding noncontrolling interest $ 11,516 $ 11,516 $ 7,711 $ (19,227 ) $ 11,516 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Year Ended December 30, 2017 (in millions) As Previously Reported Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 17,507 $ 9,293 $ (568 ) $ 26,232 Cost of products sold — 10,710 6,387 (568 ) 16,529 Gross profit — 6,797 2,906 — 9,703 Selling, general and administrative expenses, excluding impairment losses — 652 2,229 — 2,881 Goodwill impairment losses — — — — — Intangible asset impairment losses — — 49 — 49 Selling, general and administrative expenses — 652 2,278 — 2,930 Intercompany service fees and other recharges — 4,308 (4,308 ) — — Operating income/(loss) — 1,837 4,936 — 6,773 Interest expense — 1,190 44 — 1,234 Other expense/(income), net — (10 ) 19 — 9 Income/(loss) before income taxes — 657 4,873 — 5,530 Provision for/(benefit from) income taxes — (221 ) (5,239 ) — (5,460 ) Equity in earnings/(losses) of subsidiaries 10,999 10,121 — (21,120 ) — Net income/(loss) 10,999 10,999 10,112 (21,120 ) 10,990 Net income/(loss) attributable to noncontrolling interest — — (9 ) — (9 ) Net income/(loss) excluding noncontrolling interest $ 10,999 $ 10,999 $ 10,121 $ (21,120 ) $ 10,999 Comprehensive income/(loss) excluding noncontrolling interest $ 11,573 $ 11,573 $ 7,726 $ (19,299 ) $ 11,573 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Year Ended December 31, 2016 (in millions) As Restated & Recast Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 17,652 $ 9,281 $ (633 ) $ 26,300 Cost of products sold — 11,359 6,428 (633 ) 17,154 Gross profit — 6,293 2,853 — 9,146 Selling, general and administrative expenses, excluding impairment losses — 1,053 2,474 — 3,527 Goodwill impairment losses — — — — — Intangible asset impairment losses — — 18 — 18 Selling, general and administrative expenses — 1,053 2,492 — 3,545 Intercompany service fees and other recharges — 4,624 (4,624 ) — — Operating income/(loss) — 616 4,985 — 5,601 Interest expense — 1,076 58 — 1,134 Other expense/(income), net — (230 ) (242 ) — (472 ) Income/(loss) before income taxes — (230 ) 5,169 — 4,939 Provision for/(benefit from) income taxes — (414 ) 1,747 — 1,333 Equity in earnings/(losses) of subsidiaries 3,596 3,412 — (7,008 ) — Net income/(loss) 3,596 3,596 3,422 (7,008 ) 3,606 Net income/(loss) attributable to noncontrolling interest — — 10 — 10 Net income/(loss) excluding noncontrolling interest $ 3,596 $ 3,596 $ 3,412 $ (7,008 ) $ 3,596 Comprehensive income/(loss) excluding noncontrolling interest $ 2,583 $ 2,583 $ 5,712 $ (8,295 ) $ 2,583 The Kraft Heinz Company Condensed Consolidating Statements of Income For the Year Ended December 31, 2016 (in millions) As Previously Reported Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 17,809 $ 9,310 $ (632 ) $ 26,487 Cost of products sold — 11,156 6,377 (632 ) 16,901 Gross profit — 6,653 2,933 — 9,586 Selling, general and administrative expenses, excluding impairment losses — 970 2,474 — 3,444 Goodwill impairment losses — — — — — Intangible asset impairment losses — — — — — Selling, general and administrative expenses — 970 2,474 — 3,444 Intercompany service fees and other recharges — 4,624 (4,624 ) — — Operating income/(loss) — 1,059 5,083 — 6,142 Interest expense — 1,076 58 — 1,134 Other expense/(income), net — 144 (159 ) — (15 ) Income/(loss) before income taxes — (161 ) 5,184 — 5,023 Provision for/(benefit from) income taxes — (372 ) 1,753 — 1,381 Equity in earnings/(losses) of subsidiaries 3,632 3,421 — (7,053 ) — Net income/(loss) 3,632 3,632 3,431 (7,053 ) 3,642 Net income/(loss) attributable to noncontrolling interest — — 10 — 10 Net income/(loss) excluding noncontrolling interest $ 3,632 $ 3,632 $ 3,421 $ (7,053 ) $ 3,632 Comprehensive income/(loss) excluding noncontrolling interest $ 2,675 $ 2,675 $ 5,717 $ (8,392 ) $ 2,675 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of December 29, 2018 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 202 $ 928 $ — $ 1,130 Trade receivables, net — 933 1,196 — 2,129 Receivables due from affiliates — 870 341 (1,211 ) — Income taxes receivable — 701 9 (558 ) 152 Inventories — 1,783 884 — 2,667 Short-term lending due from affiliates — 1,787 3,753 (5,540 ) — Prepaid expenses — 198 202 — 400 Other current assets — 776 445 — 1,221 Assets held for sale — 75 1,301 — 1,376 Total current assets — 7,325 9,059 (7,309 ) 9,075 Property, plant and equipment, net — 4,524 2,554 — 7,078 Goodwill — 11,067 25,436 — 36,503 Investments in subsidiaries 51,657 67,867 — (119,524 ) — Intangible assets, net — 3,010 46,458 — 49,468 Long-term lending due from affiliates — — 2,000 (2,000 ) — Other non-current assets — 316 1,021 — 1,337 TOTAL ASSETS $ 51,657 $ 94,109 $ 86,528 $ (128,833 ) $ 103,461 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ — $ 21 $ — $ 21 Current portion of long-term debt — 363 14 — 377 Short-term lending due to affiliates — 3,753 1,787 (5,540 ) — Trade payables — 2,563 1,590 — 4,153 Payables due to affiliates — 341 870 (1,211 ) — Accrued marketing — 282 440 — 722 Interest payable — 394 14 — 408 Other current liabilities — 888 1,437 (558 ) 1,767 Liabilities held for sale — — 55 — 55 Total current liabilities — 8,584 6,228 (7,309 ) 7,503 Long-term debt — 29,872 898 — 30,770 Long-term borrowings due to affiliates — 2,000 12 (2,012 ) — Deferred income taxes — 1,314 10,888 — 12,202 Accrued postemployment costs — 89 217 — 306 Other non-current liabilities — 593 309 — 902 TOTAL LIABILITIES — 42,452 18,552 (9,321 ) 51,683 Redeemable noncontrolling interest — — 3 — 3 Total shareholders’ equity 51,657 51,657 67,855 (119,512 ) 51,657 Noncontrolling interest — — 118 — 118 TOTAL EQUITY 51,657 51,657 67,973 (119,512 ) 51,775 TOTAL LIABILITIES AND EQUITY $ 51,657 $ 94,109 $ 86,528 $ (128,833 ) $ 103,461 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of December 30, 2017 (in millions) As Restated Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 509 $ 1,120 $ — $ 1,629 Trade receivables, net — 91 830 — 921 Receivables due from affiliates — 716 240 (956 ) — Dividends due from affiliates 135 — — (135 ) — Sold receivables — — 353 — 353 Income taxes receivable — 1,890 97 (1,449 ) 538 Inventories — 1,790 970 — 2,760 Short-term lending due from affiliates — 1,598 3,816 (5,414 ) — Prepaid expenses — 168 177 — 345 Other current assets — 359 296 — 655 Total current assets 135 7,121 7,899 (7,954 ) 7,201 Property, plant and equipment, net — 4,591 2,470 — 7,061 Goodwill — 11,068 33,757 — 44,825 Investments in subsidiaries 65,863 80,345 — (146,208 ) — Intangible assets, net — 3,222 56,210 — 59,432 Long-term lending due from affiliates — 1,700 2,029 (3,729 ) — Other non-current assets — 515 1,058 — 1,573 TOTAL ASSETS $ 65,998 $ 108,562 $ 103,423 $ (157,891 ) $ 120,092 LIABILITIES AND EQUITY Commercial paper and other short-term debt $ — $ 450 $ 12 $ — $ 462 Current portion of long-term debt — 2,568 165 — 2,733 Short-term lending due to affiliates — 3,816 1,598 (5,414 ) — Trade payables — 2,681 1,681 — 4,362 Payables due to affiliates — 240 716 (956 ) — Accrued marketing — 236 453 — 689 Interest payable — 404 15 — 419 Dividends due to affiliates — 135 — (135 ) — Other current liabilities 135 565 2,238 (1,449 ) 1,489 Total current liabilities 135 11,095 6,878 (7,954 ) 10,154 Long-term debt — 27,422 886 — 28,308 Long-term borrowings due to affiliates — 2,029 1,919 (3,948 ) — Deferred income taxes — 1,182 12,857 — 14,039 Accrued postemployment costs — 184 243 — 427 Other non-current liabilities — 787 301 — 1,088 TOTAL LIABILITIES 135 42,699 23,084 (11,902 ) 54,016 Redeemable noncontrolling interest — — 6 — 6 Total shareholders’ equity 65,863 65,863 80,126 (145,989 ) 65,863 Noncontrolling interest — — 207 — 207 TOTAL EQUITY 65,863 65,863 80,333 (145,989 ) 66,070 TOTAL LIABILITIES AND EQUITY $ 65,998 $ 108,562 $ 103,423 $ (157,891 ) $ 120,092 The Kraft Heinz Company Condensed Consolidating Balance Sheets As of December 30, 2017 (in millions) As Previously Reported Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents $ — $ 509 $ 1,120 $ — $ 1,629 Trade receivables, net — 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 ) — Prepaid expenses — 168 177 — 345 Other current assets — 325 296 — 621 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 non-current 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 Interest payable — 404 15 — 419 Dividends due to affiliates — 135 — (135 ) — Other current liabilities 135 473 2,192 (1,419 ) 1,381 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 non-current 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 Year Ended December 29, 2018 (in millions) Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided by/(used for) operating activities $ 3,183 $ 1,928 $ 656 $ (3,193 ) $ 2,574 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 1,296 — 1,296 Capital expenditures — (339 ) (487 ) — (826 ) Payments to acquire business, net of cash acquired — (245 ) (3 ) — (248 ) Net proceeds from/(payments on) intercompany lending activities — 1,626 206 (1,832 ) — Additional investments in subsidiaries (41 ) 41 — Return of capital 7 — — (7 ) — Other investing activities, net — 31 35 — 66 Net cash provided by/(used for) investing activities 7 1,032 1,047 (1,798 ) 288 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (2,550 ) (163 ) — (2,713 ) Proceeds from issuance of long-term debt — 2,990 — — 2,990 Proceeds from issuance of commercial paper — 2,784 — — 2,784 Repayments of commercial paper — (3,213 ) — — (3,213 ) Net proceeds from/(payments on) intercompany borrowing activities — (206 ) (1,626 ) 1,832 — Dividends paid-common stock (3,183 ) (3,183 ) (10 ) 3,193 (3,183 ) Other intercompany capital stock transactions — (7 ) 41 (34 ) — Other financing activities, net (7 ) (17 ) (4 ) — (28 ) Net cash provided by/(used for) financing activities (3,190 ) (3,402 ) (1,762 ) 4,991 (3,363 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — (132 ) — (132 ) Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (442 ) (191 ) — (633 ) Balance at beginning of period — 644 1,125 — 1,769 Balance at end of period $ — $ 202 $ 934 $ — $ 1,136 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Year Ended December 30, 2017 (in millions) As Restated Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided by/(used for) operating activities $ 2,888 $ 1,497 $ (996 ) $ (2,888 ) $ 501 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 2,286 — 2,286 Capital expenditures — (757 ) (437 ) — (1,194 ) Net proceeds from/(payments on) intercompany lending activities — 641 (542 ) (99 ) — Additional investments in subsidiaries (21 ) — — 21 — Other investing activities, net — 62 23 — 85 Net cash provided by/(used for) investing activities (21 ) (54 ) 1,330 (78 ) 1,177 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (2,628 ) (13 ) — (2,641 ) Proceeds from issuance of long-term debt — 1,496 — — 1,496 Proceeds from issuance of commercial paper — 6,043 — — 6,043 Repayments of commercial paper — (6,249 ) — — (6,249 ) Net proceeds from/(payments on) intercompany borrowing activities — 542 (641 ) 99 — Dividends paid-common stock (2,888 ) (2,888 ) — 2,888 (2,888 ) Other intercompany capital stock transactions — 21 — (21 ) — Other financing activities, net 21 (5 ) 2 — 18 Net cash provided by/(used for) financing activities (2,867 ) (3,668 ) (652 ) 2,966 (4,221 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — 57 — 57 Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (2,225 ) (261 ) — (2,486 ) Balance at beginning of period — 2,869 1,386 — 4,255 Balance at end of period $ — $ 644 $ 1,125 $ — $ 1,769 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Year Ended December 30, 2017 (in millions) As Previously Reported Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided by/(used for) operating activities $ 2,888 $ 1,499 $ (972 ) $ (2,888 ) $ 527 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 2,286 — 2,286 Capital expenditures — (757 ) (460 ) — (1,217 ) Net proceeds from/(payments on) intercompany lending activities — 641 (542 ) (99 ) — Additional investments in subsidiaries (22 ) — — 22 — Other investing activities, net — 64 23 — 87 Net cash provided by/(used for) investing activities (22 ) (52 ) 1,307 (77 ) 1,156 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (2,632 ) (12 ) — (2,644 ) Proceeds from issuance of long-term debt — 1,496 — — 1,496 Net proceeds from/(payments on) intercompany borrowing activities — 542 (641 ) 99 — Proceeds from issuance of commercial paper — 6,043 — — 6,043 Repayments of commercial paper — (6,249 ) — — (6,249 ) Dividends paid-common stock (2,888 ) (2,888 ) — 2,888 (2,888 ) Other intercompany capital stock transactions — 22 — (22 ) — Other financing activities, net 22 (6 ) — — 16 Net cash provided by/(used for) financing activities (2,866 ) (3,672 ) (653 ) 2,965 (4,226 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — 57 — 57 Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (2,225 ) (261 ) — (2,486 ) Balance at beginning of period — 2,869 1,386 — 4,255 Balance at end of period $ — $ 644 $ 1,125 $ — $ 1,769 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Year Ended December 31, 2016 (in millions) As Restated Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided by/(used for) operating activities $ 3,096 $ 4,368 $ (1,704 ) $ (3,112 ) $ 2,648 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 2,589 — 2,589 Capital expenditures — (923 ) (324 ) — (1,247 ) Net proceeds from/(payments on) intercompany lending activities — 690 37 (727 ) — Additional investments in subsidiaries — (10 ) — 10 — Return of capital 9,042 — — (9,042 ) — Other investing activities, net — 129 (19 ) — 110 Net cash provided by/(used for) investing activities 9,042 (114 ) 2,283 (9,759 ) 1,452 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (72 ) (13 ) — (85 ) Proceeds from issuance of long-term debt — 6,978 3 — 6,981 Proceeds from issuance of commercial paper — 6,680 — — 6,680 Repayments of commercial paper — (6,043 ) — — (6,043 ) Net proceeds from/(payments on) intercompany borrowing activities — (37 ) (690 ) 727 — Dividends paid-Series A Preferred Stock (180 ) — — — (180 ) Dividends paid-common stock (3,584 ) (3,764 ) (16 ) 3,780 (3,584 ) Redemption of Series A Preferred Stock (8,320 ) — — — (8,320 ) Other intercompany capital stock transactions — (8,374 ) 10 8,364 — Other financing activities, net (54 ) (5 ) (10 ) — (69 ) Net cash provided by/(used for) financing activities (12,138 ) (4,637 ) (716 ) 12,871 (4,620 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — (137 ) — (137 ) Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (383 ) (274 ) — (657 ) Balance at beginning of period — 3,252 1,660 — 4,912 Balance at end of period $ — $ 2,869 $ 1,386 $ — $ 4,255 The Kraft Heinz Company Condensed Consolidating Statements of Cash Flows For the Year Ended December 31, 2016 (in millions) As Previously Reported Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated CASH FLOWS FROM OPERATING ACTIVITIES Net cash provided by/(used for) operating activities $ 3,097 $ 4,369 $ (1,705 ) $ (3,112 ) $ 2,649 CASH FLOWS FROM INVESTING ACTIVITIES Cash receipts on sold receivables — — 2,589 — 2,589 Capital expenditures — (923 ) (324 ) — (1,247 ) Net proceeds from/(payments on) intercompany lending activities — 690 37 (727 ) — Additional investments in subsidiaries 55 (10 ) — (45 ) — Return of capital 8,987 — — (8,987 ) — Other investing activities, net — 129 (19 ) — 110 Net cash provided by/(used for) investing activities 9,042 (114 ) 2,283 (9,759 ) 1,452 CASH FLOWS FROM FINANCING ACTIVITIES Repayments of long-term debt — (72 ) (14 ) — (86 ) Proceeds from issuance of long-term debt — 6,978 3 — 6,981 Net proceeds from/(payments on) intercompany borrowing activities — (37 ) (690 ) 727 — Proceeds from issuance of commercial paper — 6,680 — — 6,680 Repayments of commercial paper — (6,043 ) — — (6,043 ) Dividends paid-Series A Preferred Stock (180 ) — — — (180 ) Dividends paid-common stock (3,584 ) (3,764 ) (16 ) 3,780 (3,584 ) Redemption of Series A Preferred Stock (8,320 ) — — — (8,320 ) Other intercompany capital stock transactions — (8,374 ) 10 8,364 — Other financing activities, net (55 ) (6 ) (8 ) — (69 ) Net cash provided by/(used for) financing activities (12,139 ) (4,638 ) (715 ) 12,871 (4,621 ) Effect of exchange rate changes on cash, cash equivalents, and restricted cash — — (137 ) — (137 ) Cash, cash equivalents, and restricted cash: Net increase/(decrease) — (383 ) (274 ) — (657 ) Balance at beginning of period — 3,252 1,660 — 4,912 Balance at end of period $ — $ 2,869 $ 1,386 $ — $ 4,255 The following tables provide a reconciliation of cash and cash equivalents, as reported on our condensed consolidating balance sheets, to cash, cash equivalents, and restricted cash, as reported on our condensed consolidating statements of cash flows (in millions): December 29, 2018 Parent Guarantor Subsidiary Issuer Non-Guarantor Subsidiaries Eliminations Consolidated Cash and cash equivalents $ — $ 202 $ 928 $ — $ 1,130 Restricted cash included in other current assets — — 1 — 1 Restricted cash included in other non-current assets — — 5 — 5 Cash, cash equivalents, and restricted cash $ — $ 202 $ 934 $ — $ 1,136 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 current assets — 135 5 — 140 Cash, cash equivalents, and restricted cash $ — $ 644 $ 1,125 $ — $ 1,769 |