The Kraft Heinz Company (KHC) 10-Q 4 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 26, 2021	Jul. 31, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 26, 2021
Document Transition Report	false
Entity File Number	001-37482
Entity Registrant Name	Kraft Heinz Co
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-2078182
Entity Address, Address Line One	One PPG Place,
Entity Address, City or Town	Pittsburgh,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	15222
City Area Code	412
Local Phone Number	456-5700
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	KHC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,223,387,136
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001637459
Current Fiscal Year End Date	--12-25

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Income Statement [Abstract]
Net sales	$ 6,615	$ 6,648	$ 13,009	$ 12,805
Cost of products sold	4,324	4,196	8,517	8,495
Gross profit	2,291	2,452	4,492	4,310
Selling, general and administrative expenses, excluding impairment losses	943	918	1,825	1,780
Goodwill impairment losses	35	1,817	265	2,043
Intangible asset impairment losses	78	1,056	78	1,056
Selling, general and administrative expenses	1,056	3,791	2,168	4,879
Operating income/(loss)	1,235	(1,339)	2,324	(569)
Interest expense	613	442	1,028	752
Other expense/(income)	(23)	(78)	(53)	(159)
Income/(loss) before income taxes	645	(1,703)	1,349	(1,162)
Provision for/(benefit from) income taxes	670	(51)	806	109
Net income/(loss)	(25)	(1,652)	543	(1,271)
Net income/(loss) attributable to noncontrolling interest	2	(1)	7	2
Net income/(loss) attributable to common shareholders	$ (27)	$ (1,651)	$ 536	$ (1,273)
Per share data applicable to common shareholders:
Basic earnings/(loss) per share (in dollars per share)	$ (0.02)	$ (1.35)	$ 0.44	$ (1.04)
Diluted earnings/(loss) per share (in dollars per share)	$ (0.02)	$ (1.35)	$ 0.43	$ (1.04)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ (25)	$ (1,652)	$ 543	$ (1,271)
Other comprehensive income/(loss), net of tax:
Foreign currency translation adjustments	190	186	249	(604)
Net deferred gains/(losses) on net investment hedges	(49)	(17)	(44)	149
Amounts excluded from the effectiveness assessment of net investment hedges	5	11	10	16
Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)	(3)	(5)	(6)	(11)
Net deferred gains/(losses) on cash flow hedges	(35)	35	(64)	136
Amounts excluded from the effectiveness assessment of cash flow hedges	7	7	14	12
Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)	(1)	(51)	26	(61)
Net actuarial gains/(losses) arising during the period	71	0	73	0
Net postemployment benefit losses/(gains) reclassified to net income/(loss)	(7)	(24)	(13)	(49)
Total other comprehensive income/(loss)	178	142	245	(412)
Total comprehensive income/(loss)	153	(1,510)	788	(1,683)
Comprehensive income/(loss) attributable to noncontrolling interest	2	11	5	0
Comprehensive income/(loss) attributable to common shareholders	$ 151	$ (1,521)	$ 783	$ (1,683)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 26, 2021	Dec. 26, 2020
ASSETS
Cash and cash equivalents	$ 3,941	$ 3,417
Trade receivables (net of allowances of $44 at June 26, 2021 and $48 at December 26, 2020)	2,008	2,063
Inventories	2,820	2,773
Prepaid expenses	149	132
Other current assets	624	574
Assets held for sale	1,843	1,863
Total current assets	11,385	10,822
Property, plant and equipment, net	6,611	6,876
Goodwill	31,477	33,089
Intangible assets, net	44,941	46,667
Other non-current assets	2,624	2,376
TOTAL ASSETS	97,038	99,830
LIABILITIES AND EQUITY
Commercial paper and other short-term debt	6	6
Current portion of long-term debt	1,604	230
Trade payables	4,391	4,304
Accrued marketing	968	946
Interest payable	322	358
Other current liabilities	2,577	2,200
Liabilities held for sale	11	17
Total current liabilities	9,879	8,061
Long-term debt	23,545	28,070
Deferred income taxes	11,377	11,462
Accrued postemployment costs	248	243
Other non-current liabilities	1,847	1,751
TOTAL LIABILITIES	46,896	49,587
Commitments and Contingencies (Note 15)
Equity:
Common stock, $0.01 par value (5,000 shares authorized; 1,230 shares issued and 1,223 shares outstanding at June 26, 2021; 1,228 shares issued and 1,223 shares outstanding at December 26, 2020)	12	12
Additional paid-in capital	54,255	55,096
Retained earnings/(deficit)	(2,158)	(2,694)
Accumulated other comprehensive income/(losses)	(1,720)	(1,967)
Treasury stock, at cost (7 shares at June 26, 2021 and 5 shares at December 26, 2020)	(392)	(344)
Total shareholders' equity	49,997	50,103
Noncontrolling interest	145	140
TOTAL EQUITY	50,142	50,243
TOTAL LIABILITIES AND EQUITY	$ 97,038	$ 99,830

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 26, 2021	Dec. 26, 2020
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss	$ 44	$ 48
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	5,000,000,000	5,000,000,000
Common Stock, Shares, Issued	1,230,000,000	1,228,000,000
Common Stock, Shares, Outstanding	1,223,000,000	1,223,000,000
Treasury Stock, Common, Shares	7,000,000	5,000,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings/(Deficit)	Accumulated Other Comprehensive Income/(Losses)	Treasury Stock, at Cost	Noncontrolling Interest
Beginning balance at Dec. 28, 2019	$ 51,749	$ 12	$ 56,828	$ (3,060)	$ (1,886)	$ (271)	$ 126
Total Shareholders' Equity [Roll forward]
Net income/(loss)	381			378			3
Other comprehensive income/(loss)	(554)				(540)		(14)
Dividends declared-common stock	(492)		(492)
Exercise of stock options, issuance of other stock awards, and other	40		42	(4)		2
Ending balance at Mar. 28, 2020	51,124	12	56,378	(2,686)	(2,426)	(269)	115
Beginning balance at Dec. 28, 2019	51,749	12	56,828	(3,060)	(1,886)	(271)	126
Total Shareholders' Equity [Roll forward]
Other comprehensive income/(loss)	(412)
Ending balance at Jun. 27, 2020	49,166	12	55,990	(4,336)	(2,296)	(330)	126
Beginning balance at Mar. 28, 2020	51,124	12	56,378	(2,686)	(2,426)	(269)	115
Total Shareholders' Equity [Roll forward]
Net income/(loss)	(1,652)			(1,651)			(1)
Other comprehensive income/(loss)	142				130		12
Dividends declared-common stock	(493)		(493)
Exercise of stock options, issuance of other stock awards, and other	45		105	1		(61)
Ending balance at Jun. 27, 2020	49,166	12	55,990	(4,336)	(2,296)	(330)	126
Beginning balance at Dec. 26, 2020	50,243	12	55,096	(2,694)	(1,967)	(344)	140
Total Shareholders' Equity [Roll forward]
Net income/(loss)	568			563			5
Other comprehensive income/(loss)	67				69		(2)
Dividends declared-common stock	(495)		(495)
Exercise of stock options, issuance of other stock awards, and other	48		77	0		(29)
Ending balance at Mar. 27, 2021	50,431	12	54,678	(2,131)	(1,898)	(373)	143
Beginning balance at Dec. 26, 2020	50,243	12	55,096	(2,694)	(1,967)	(344)	140
Total Shareholders' Equity [Roll forward]
Other comprehensive income/(loss)	245
Ending balance at Jun. 26, 2021	50,142	12	54,255	(2,158)	(1,720)	(392)	145
Beginning balance at Mar. 27, 2021	50,431	12	54,678	(2,131)	(1,898)	(373)	143
Total Shareholders' Equity [Roll forward]
Net income/(loss)	(25)			(27)			2
Other comprehensive income/(loss)	178				178		0
Dividends declared-common stock	(495)		(495)
Exercise of stock options, issuance of other stock awards, and other	53		72	0		(19)
Ending balance at Jun. 26, 2021	$ 50,142	$ 12	$ 54,255	$ (2,158)	$ (1,720)	$ (392)	$ 145

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)	$ 543	$ (1,271)
Adjustments to reconcile net income/(loss) to operating cash flows:
Depreciation and amortization	449	490
Amortization of postemployment benefit plans prior service costs/(credits)	(3)	(61)
Equity award compensation expense	104	73
Deferred income tax provision/(benefit)	(114)	(489)
Postemployment benefit plan contributions	(14)	(15)
Goodwill and intangible asset impairment losses	343	3,099
Nonmonetary currency devaluation	4	4
Loss/(gain) on sale of business	65	2
Other items, net	278	204
Changes in current assets and liabilities:
Trade receivables	62	(60)
Inventories	(227)	(202)
Accounts payable	220	(54)
Other current assets	(67)	(138)
Other current liabilities	386	634
Net cash provided by/(used for) operating activities	2,029	2,216
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(431)	(258)
Proceeds from sale of business, net of cash disposed	3,435	0
Other investing activities, net	23	21
Net cash provided by/(used for) investing activities	3,027	(237)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt	(3,090)	(3,824)
Proceeds from issuance of long-term debt	0	3,500
Debt prepayment and extinguishment costs	(433)	(101)
Proceeds from revolving credit facility	0	4,000
Repayments of revolving credit facility	0	(4,000)
Dividends paid	(979)	(977)
Other financing activities, net	(53)	(35)
Net cash provided by/(used for) financing activities	(4,555)	(1,437)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	23	(9)
Cash, cash equivalents, and restricted cash
Net increase/(decrease)	524	533
Balance at beginning of period	3,418	2,280
Balance at end of period	$ 3,942	$ 2,813

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 26, 2021	Mar. 27, 2021	Jun. 27, 2020	Mar. 28, 2020
Statement of Stockholders' Equity [Abstract]
Common stock dividends declared (in dollars per share)	$ 0.40	$ 0.40	$ 0.40	$ 0.40

Basis of Presentation (Notes)

Basis of Presentation (Notes)	6 Months Ended
	Jun. 26, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting	Basis of Presentation 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. We operate on a 52- or 53-week fiscal year ending on the last Saturday in December in each calendar year. Unless the context requires otherwise, references to years and quarters contained herein pertain to our fiscal years and fiscal quarters. Our 2021 fiscal year is scheduled to be a 52-week period ending on December 25, 2021, and the 2020 fiscal year was a 52-week period that ended on December 26, 2020. The condensed consolidated balance sheet data at December 26, 2020 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. These statements should be read in conjunction with our audited consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 26, 2020. The results for interim periods are not necessarily indicative of future or annual results. Principles of Consolidation The condensed consolidated financial statements include Kraft Heinz and all of our controlled subsidiaries. All intercompany transactions are eliminated. Reportable Segments We manage and report our operating results through three reportable segments defined by geographic region: United States, International, and Canada. Considerations Related to COVID-19 The ongoing spread of COVID-19 throughout the United States and internationally, as well as measures implemented by governmental authorities in an attempt to minimize transmission of the virus, including social distancing mandates, shelter-in-place orders, and business restrictions and shutdowns, and consumer responses have had and continue to have negative and positive implications for portions of our business. Though many areas have relaxed restrictions, varying levels remain in many places and may be increased again. In the preparation of these financial statements and related disclosures we have assessed the impact that COVID-19 has had on our estimates, assumptions, forecasts, and accounting policies and made additional disclosures, as necessary. As COVID-19 and its impacts are unprecedented and ever evolving, future events and effects related to the pandemic cannot be determined with precision and actual results could significantly differ from estimates or forecasts. See Note 8, Goodwill and Intangible Assets , Note 11, Postemployment Benefits , and Note 15, Commitments, Contingencies, and Debt , for further discussion of COVID-19 considerations. Use of Estimates We prepare our condensed consolidated financial statements in accordance with U.S. GAAP, which requires us to make accounting policy elections, estimates, and assumptions that affect the reported amount of assets, liabilities, reserves, and expenses. These accounting policy elections, estimates, and assumptions are based on our best estimates and judgments. We evaluate our policy elections, estimates, and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We believe these estimates to be reasonable given the current facts available. We adjust our policy elections, estimates, and assumptions when facts and circumstances dictate. Market volatility, including foreign currency exchange rates, increases the uncertainty inherent in our estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from estimates. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our condensed consolidated financial statements. Reclassifications We made reclassifications and adjustments to certain previously reported financial information to conform to our current period presentation. In the first quarter of 2021, we reclassified certain balances, which were previously reported in prepaid expenses, to inventories on our condensed consolidated balance sheets. Certain financial statement line items in our condensed consolidated balance sheet at December 26, 2020 and our condensed consolidated statement of cash flows for the six months ended June 27, 2020, were adjusted as necessary. See Note 7, Inventories , for additional information. Held for Sale At June 26, 2021 and December 26, 2020, we classified certain assets and liabilities as held for sale in our condensed consolidated balance sheet, primarily relating to the divestiture of certain of our cheese businesses, a business in our International segment, and certain manufacturing equipment and land use rights across the globe. At March 27, 2021, we had classified certain assets and liabilities as held for sale related to the divestiture of our nuts business. This divestiture closed in the second quarter of 2021 and is therefore no longer classified as held for sale at June 26, 2021. See Note 4, Acquisitions and Divestitures , for additional information.

Significant Accounting Policies

Significant Accounting Policies (Notes)	6 Months Ended
	Jun. 26, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting PoliciesThere were no significant changes to our accounting policies from those disclosed in our Annual Report on Form 10-K for the year ended December 26, 2020

New Accounting Standards (Notes

New Accounting Standards (Notes)	6 Months Ended
	Jun. 26, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Standards	New Accounting Standards Accounting Standards Adopted in the Current Year Simplifying the Accounting for Income Taxes: In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2019-12 to simplify the accounting in Accounting Standards Codification (“ASC”) 740, Income Taxes . This guidance removes certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. This guidance also clarifies and simplifies other areas of ASC 740. Certain amendments in this update must be applied on a prospective basis, certain amendments must be applied on a retrospective basis, and certain amendments must be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings/(deficit) in the period of adoption. This ASU became effective in the first quarter of 2021. The adoption of this ASU did not impact our financial statements or the related disclosures.

Acquisitions and Divestitures (

Acquisitions and Divestitures (Notes)	6 Months Ended
	Jun. 26, 2021
Business Combinations [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Acquisitions Assan Foods Acquisition: In June 2021, we entered into a definitive agreement with two third parties, Kibar Holding Anonim Şirketi (“Kibar Holding”) and a certain holder of registered shares of Assan Gıda Sanayi ve Ticaret A.Ş. (“Assan Foods”), to acquire all of the outstanding equity interests in Assan Foods, a condiments and sauces manufacturer based in Turkey, for approximately $70 million of cash consideration (the “Assan Foods Acquisition”). As part of the Assan Foods Acquisition, we will assume the debt of Assan Foods, which was approximately $30 million as of April 30, 2021. The Assan Foods Acquisition is expected to close in the second half of 2021, subject to customary closing conditions, including regulatory approvals. Deal Costs: Related to our acquisition, we incurred insignificant deal costs for the three and six months ended June 26, 2021. We recognized these deal costs in selling, general and administrative expenses (“SG&A”). There were no deal costs related to acquisitions for the three and six months ended June 27, 2020. Divestitures Nuts Transaction: In February 2021, we entered into a definitive agreement with a third party, Hormel Foods Corporation (“Hormel”), to sell certain assets in our global nuts business for total consideration of approximately $3.4 billion (the “Nuts Transaction”). The net assets to be transferred in the Nuts Transaction included, among other things, our intellectual property rights to the Planters brand and to the Corn Nuts brand, three manufacturing facilities in the U.S., and the associated inventories (collectively, the “Nuts Disposal Group”). In the first quarter of 2021, we determined that the Nuts Disposal Group met the held for sale criteria. Accordingly, we presented the assets and liabilities of the Nuts Disposal Group as held for sale on the condensed consolidated balance sheet at March 27, 2021. As of February 10, 2021, the date the Nuts Disposal Group was determined to be held for sale, we tested the individual assets included within the Nuts Disposal Group for impairment. The net assets of the Nuts Disposal Group had an aggregate carrying amount above their $3.4 billion estimated fair value. We determined that the goodwill within the Nuts Disposal Group was partially impaired. As a result, we recorded a non-cash goodwill impairment loss of $230 million, which was recognized in SG&A, in the first quarter of 2021. Additionally, we recorded an estimated pre-tax loss on sale of business of $19 million in the first quarter of 2021 primarily related to estimated costs to sell, which was recognized in other expense/(income) on our condensed consolidated statement of income. The Nuts Transaction closed in the second quarter of 2021. As a result of the Nuts Transaction closing, we recognized an incremental pre-tax loss on sale of business of $17 million in other expense/(income) on our condensed consolidated statement of income for the three months ended June 26, 2021. The total pre-tax loss on sale of business for the Nuts Transaction was $36 million for the six months ended June 26, 2021. The Nuts Transaction is not considered a strategic shift that will have a major effect on our operations or financial results; therefore, it is not reported as discontinued operations. Cheese Transaction: In September 2020, we entered into a definitive agreement with a third party, an affiliate of Groupe Lactalis (“Lactalis”), to sell certain assets in our global cheese business, as well as to license certain trademarks, for total consideration of approximately $3.34 billion, including approximately $3.20 billion of cash consideration and approximately $140 million related to a perpetual license for the Cracker Barrel brand that Lactalis will grant to us for certain products (the “Cheese Transaction”). The Cheese Transaction has two primary components. The first component relates to the perpetual licenses for the Kraft and Velveeta brands that we will grant to Lactalis for certain cheese products (the “ Kraft and Velveeta Licenses”). The second component relates to the net assets to be transferred to Lactalis (the “Cheese Disposal Group”). Of the $3.34 billion total consideration, approximately $1.59 billion was attributed to the Kraft and Velveeta Licenses based on the estimated fair value of the licensed portion of each brand as of June 26, 2021. Lactalis will have rights to the Kraft and Velveeta brands in association with the manufacturing, distribution, marketing, and sale of certain cheese products in certain countries. Lactalis will also receive the rights to certain know-how in manufacturing the authorized cheese products. The license income will be recognized in the future as a reduction to SG&A over approximately 30 years, as it does not constitute our ongoing major or central operations. The remaining $1.75 billion of consideration was attributed to the Cheese Disposal Group as of June 26, 2021. The net assets in the Cheese Disposal Group are associated with our natural, grated, cultured, and specialty cheese businesses in the U.S., our grated cheese business in Canada, and our grated, processed, and natural cheese businesses outside the U.S. and Canada. The Cheese Disposal Group includes our global intellectual property rights to several brands, including, among others, Cracker Barrel , Breakstone’s , Knudsen , Athenos , Polly-O , and Hoffman’s , along with the Cheez Whiz brand in the majority of the countries outside of the U.S. and Canada. The Cheese Disposal Group also includes certain inventories, three manufacturing facilities and one distribution center in the U.S., and certain other manufacturing equipment. Included in the consideration attributed to the Cheese Disposal Group is the perpetual license that Lactalis will grant to us for the Cracker Barrel brand for certain products, including macaroni and cheese. We determined that the Cracker Barrel license will be recognized on our consolidated balance sheet as an intangible asset upon closing of the Cheese Transaction, and increased the total consideration by approximately $140 million as noted above, which was the estimated fair value of the licensed portion of the Cracker Barrel brand as of June 26, 2021. As of June 26, 2021, we assessed the fair value less costs to sell of the net assets of the Cheese Disposal Group and recorded an estimated pre-tax loss on sale of business of approximately $27 million, which was recognized in other expense/(income) for the three and six months ended June 26, 2021. In the third quarter of 2020, we determined that the Cheese Disposal Group met the held for sale criteria. Accordingly, we have presented the assets and liabilities of the Cheese Disposal Group as held for sale on the condensed consolidated balance sheets at June 26, 2021 and December 26, 2020. As of September 15, 2020, the date the Cheese Disposal Group was determined to be held for sale, we tested the individual assets included within the Cheese Disposal Group for impairment. The net assets of the Cheese Disposal Group had an aggregate carrying amount above their then-current $1.78 billion estimated fair value. We determined that the goodwill within the Cheese Disposal Group was partially impaired. Accordingly, we recorded a non-cash impairment loss of $300 million, which was recognized in SG&A, in the third quarter of 2020. Additional considerations related to the Cheese Transaction include the treatment of the Kraft and Velveeta Licenses upon closing of the transaction. At the time the licensed rights are granted, we will reassess the remaining fair value of the retained portions of the Kraft and Velveeta brands and may record a charge to reduce the intangible asset carrying amounts to reflect the lower future cash flows expected to be generated after monetization of the licensed portion of each brand. If the Cheese Transaction had closed in the second quarter of 2021, we would have recorded an indefinite-lived intangible asset non-cash impairment loss of approximately $1.33 billion. The actual impairment loss will depend upon the excess fair value, if any, over carrying amount for each brand at the time we grant the perpetual licenses, which will be on the closing date of the Cheese Transaction. Changes in the fair value of the retained and licensed portions of each brand will impact the amount of any potential charges and the amount of license income that will be recognized, which, at this time, we would not expect to exceed the fair value of the perpetual licenses. The Cheese Transaction is expected to close in the second half of 2021, subject to customary closing conditions, including regulatory approvals. Upon closing of the Cheese Transaction, and in addition to any potential impairment losses identified related to the Kraft and Velveeta brands noted above, we may recognize a gain or loss on sale of business. While the consideration for the transaction is not expected to materially change, the actual gain or loss on sale of business to be recognized will depend on, among other things, final transaction proceeds, inventory levels and underlying costs as of the closing date, and changes in the estimated fair values of certain components of the consideration. We utilized the excess earnings method under the income approach to estimate the fair value of the licensed portion of the Kraft brand and the relief from royalty method under the income approach to estimate the fair value of the licensed portions of the Velveeta brand and the Cracker Barrel brand. Some of the more significant assumptions inherent in estimating these fair values include the estimated future annual net sales and net cash flows for each brand, contributory asset charges, royalty rates (as a percentage of net sales that would hypothetically be charged by a licensor of the brand to an unrelated licensee), income tax considerations, long-term growth rates, and a discount rate that reflects the level of risk associated with the future earnings attributable to each brand. We selected the assumptions used in the financial forecasts using historical data, supplemented by current and anticipated market conditions, estimated product category growth rates, and guideline companies. Fair value determinations require considerable judgment and are sensitive to changes in underlying assumptions, estimates, and market factors. See Note 8, Goodwill and Intangible Assets , for additional information on the underlying assumptions and sensitivities. The Cheese Transaction is not considered a strategic shift that will have a major effect on our operations or financial results; therefore, it will not be reported as discontinued operations. Other Potential Dispositions: As of June 26, 2021, we were in negotiations with a prospective third-party buyer for the sale of one business in our International segment. We expect this potential transaction to close in the next 12 months. We classified the related assets and liabilities as held for sale on the condensed consolidated balance sheets at June 26, 2021 and December 26, 2020. See Note 4, Acquisitions and Divestitures , to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 28, 2019 for additional information. In the first quarter of 2020, we had deemed a separate business in our International segment held for sale and recorded an estimated pre-tax loss on sale of business of $3 million within other expense/(income). In the fourth quarter of 2020, we deemed this business no longer held for sale and reversed the corresponding pre-tax loss. The related assets and liabilities were no longer classified as held for sale on our consolidated balance sheet at December 26, 2020. Heinz India Transaction: In October 2018, we entered into a definitive agreement with two third parties, Zydus Wellness Limited and Cadila Healthcare Limited (collectively, the “Buyers”), to sell 100% of our equity interests in Heinz India Private Limited (“Heinz India”) (the “Heinz India Transaction”). In connection with the Heinz India Transaction, we agreed to indemnify the Buyers from and against any tax losses for any taxable period prior to January 30, 2019 (the “Heinz India Closing Date”), including taxes for which we are liable as a result of any transaction that occurred on or before such date. We recorded tax indemnity liabilities related to the Heinz India Transaction totaling approximately $48 million as of the Heinz India Closing Date. Future changes to the fair value of these tax indemnity liabilities will continue to impact other expense/(income) throughout the life of the exposures as a component of the gain on sale for the Heinz India Transaction. There were no changes to the tax indemnity liabilities during the six months ended June 26, 2021. We recognized a gain of approximately $1 million related to local India tax recoveries in the first quarter of 2020. See Note 4, Acquisitions and Divestitures , to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 26, 2020 for additional details related to this transaction and the tax indemnity associated with the Heinz India Transaction. Deal Costs: Related to our divestitures, we incurred insignificant deal costs for the three and six months ended June 26, 2021. We recognized these deal costs in SG&A. There were no deal costs related to divestitures for the three and six months ended June 27, 2020. Held for Sale Our assets and liabilities held for sale, by major class, were (in millions): June 26, 2021 Cheese Transaction Other Total ASSETS Cash and cash equivalents $ — $ 31 $ 31 Inventories 367 12 379 Property, plant and equipment, net 254 14 268 Goodwill (net of impairment of $300) 281 — 281 Intangible assets, net 850 24 874 Other 5 18 23 Reserve for disposal groups (13) — (13) Total assets held for sale $ 1,744 $ 99 $ 1,843 LIABILITIES Other 6 5 11 Total liabilities held for sale $ 6 $ 5 $ 11 December 26, 2020 Cheese Transaction Other Total ASSETS Cash and cash equivalents $ — $ 33 $ 33 Inventories 373 12 385 Property, plant and equipment, net 243 14 257 Goodwill (net of impairment of $300) 281 — 281 Intangible assets, net 850 23 873 Other 10 24 34 Total assets held for sale $ 1,757 $ 106 $ 1,863 LIABILITIES Other 7 10 17 Total liabilities held for sale $ 7 $ 10 $ 17 Other balances held for sale at June 26, 2021 and December 26, 2020 primarily related to a business in our International segment as well as certain manufacturing equipment and land use rights across the globe. We recorded non-cash goodwill impairment losses of $300 million in the third quarter of 2020 related to the Cheese Transaction. As a result, goodwill held for sale in the table above is presented net of cumulative goodwill impairment losses of $300 million at June 26, 2021 and December 26, 2020.

Restructuring Activities (Notes

Restructuring Activities (Notes)	6 Months Ended
	Jun. 26, 2021
Restructuring and Related Activities [Abstract]
Restructuring Activities	Restructuring Activities See our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 26, 2020 for additional information on our restructuring activities. Restructuring Activities: We have restructuring programs globally, which are focused primarily on workforce reduction and factory closure and consolidation. For the six months ended June 26, 2021, we eliminated approximately 350 positions related to these programs. As of June 26, 2021, we expect to eliminate approximately 10 additional positions during the remainder of 2021. Total restructuring expenses during the six months ended June 26, 2021 were $37 million and included $6 million of severance and employee benefit costs and $31 million of other implementation costs. Restructuring expenses during the three months ended June 26, 2021 were $19 million and included $2 million of severance and employee benefit costs and $17 million of other implementation costs. Total restructuring expenses were $4 million for the three and six months ended June 27, 2020. Our net 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 Total Balance at December 26, 2020 $ 10 $ 20 $ 30 Charges/(credits) 6 — 6 Cash payments (13) (2) (15) Balance at June 26, 2021 $ 3 $ 18 $ 21 We expect the liability for severance and employee benefit costs as of June 26, 2021 to be paid by the end of 2021. 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 2021 and 2026. Total Expenses: Total expense/(income) related to restructuring activities, by income statement caption, were (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Severance and employee benefit costs - Cost of products sold $ 1 $ (1) $ 4 $ — Severance and employee benefit costs - SG&A 1 (2) 2 (6) Asset-related costs - Cost of products sold — (2) — (2) Other costs - Cost of products sold — 1 — 1 Other costs - SG&A 17 8 31 11 $ 19 $ 4 $ 37 $ 4 We do not include our restructuring activities within Segment Adjusted EBITDA (as defined in Note 17, Segment Reporting ). The pre-tax impact of allocating such expenses to our segments would have been (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 United States $ 1 $ 2 $ 2 $ 2 International 2 (1) 6 (2) Canada — 4 — 5 General corporate expenses 16 (1) 29 (1) $ 19 $ 4 $ 37 $ 4

Restricted Cash (Notes)

Restricted Cash (Notes)	6 Months Ended
	Jun. 26, 2021
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): June 26, 2021 December 26, 2020 Cash and cash equivalents $ 3,941 $ 3,417 Restricted cash included in other non-current assets 1 1 Cash, cash equivalents, and restricted cash $ 3,942 $ 3,418 At June 26, 2021 and December 26, 2020, cash and cash equivalents excluded amounts classified as held for sale. See Note 4, Acquisitions and Divestitures , for additional information.

Inventories (Notes)

Inventories (Notes)	6 Months Ended
	Jun. 26, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in millions): June 26, 2021 December 26, 2020 Packaging and ingredients $ 545 $ 482 Spare parts 212 219 Work in process 246 268 Finished products 1,817 1,804 Inventories $ 2,820 $ 2,773 At June 26, 2021 and December 26, 2020, inventories excluded amounts classified as held for sale. See Note 4, Acquisitions and Divestitures , for additional information. In the first quarter of 2021, we reclassified certain balances from prepaid expenses to inventories on our condensed consolidated balance sheets. See Note 1, Basis of Presentation , for additional information.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Notes)	6 Months Ended
	Jun. 26, 2021
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 International Canada Total Balance at December 26, 2020 $ 28,429 $ 3,160 $ 1,500 $ 33,089 Impairment losses (35) — — (35) Divestitures (1,653) — (9) (1,662) Translation adjustments and other 4 12 69 85 Balance at June 26, 2021 $ 26,745 $ 3,172 $ 1,560 $ 31,477 At June 26, 2021 and December 26, 2020, goodwill excluded amounts classified as held for sale related to the Cheese Transaction. Additionally, the amounts included in divestitures in the table above represent the goodwill that was previously reclassified to assets held for sale and tested and determined to be partially impaired in connection with the Nuts Transaction. The resulting impairment loss of $230 million was recognized in the first quarter of 2021. The Nuts Transaction closed in the second quarter of 2021. See Note 4, Acquisitions and Divestitures , for additional information related to the Cheese Transaction and the Nuts Transaction and their financial statement impacts. 2021 Year-to-Date Goodwill Impairment Testing In the first quarter of 2021, we announced the Nuts Transaction and determined that the Nuts Disposal Group was held for sale. Accordingly, based on a relative fair value allocation, we reclassified $1.7 billion of goodwill to assets held for sale, which included a portion of goodwill from four of our reporting units. The Nuts Transaction primarily affected our Kids, Snacks, and Beverages (“KSB”) reporting unit but also affected, to a lesser extent, our Enhancers, Specialty, and Away From Home (“ESA”), Canada Foodservice, and Puerto Rico reporting units. These reporting units were evaluated for impairment prior to their representative inclusion in the Nuts Disposal Group as well as on a post-reclassification basis. The fair value of all reporting units was determined to be in excess of their carrying amounts in both scenarios and, therefore, no impairment was recorded. We test our reporting units for impairment annually as of the first day of our second quarter, which was March 28, 2021 for our 2021 annual impairment test. In performing this test, we incorporated information that was known through the date of filing this Quarterly Report on Form 10-Q. We utilized the discounted cash flow method under the income approach to estimate the fair value of our reporting units. As a result of our 2021 annual impairment test, we recognized a non-cash impairment loss of approximately $35 million in SG&A in the second quarter of 2021 related to our Puerto Rico reporting unit within our United States segment. With the update of our five-year operating plan in the second quarter of 2021, we established a revised downward outlook for net sales for this reporting unit. After the impairment, the goodwill carrying amount of the Puerto Rico reporting unit is approximately $14 million. As of June 26, 2021, we maintain 14 reporting units, nine of which comprise our goodwill balance. These nine reporting units had an aggregate goodwill carrying amount of $31.5 billion at June 26, 2021. As of the 2021 annual impairment test date, six reporting units had 20% or less fair value over carrying amount and an aggregate goodwill carrying amount of $28.3 billion, two reporting units had between 20-50% fair value over carrying amount and a goodwill carrying amount of $2.2 billion, and one reporting unit had over 50% fair value over carrying amount and a goodwill carrying amount of $961 million. We test our reporting units for impairment annually as of the first day of our second quarter, or more frequently if events or circumstances indicate it is more likely than not that the fair value of a reporting unit is less than its carrying amount. 2020 Year-to-Date Goodwill Impairment Testing As previously disclosed, in the first quarter of 2020, following changes to our internal reporting and reportable segments, the composition of certain of our reporting units changed and we performed an interim impairment test (or transition test) on the affected reporting units on both a pre- and post-reorganization basis. We performed our pre-reorganization impairment test as of December 29, 2019, which was our first day of 2020. There were no impairment losses resulting from our pre-reorganization impairment test. We performed our post-reorganization impairment test as of December 29, 2019. There were six reporting units in scope for our post-reorganization impairment test: Northern Europe, Continental Europe, Asia, Australia, New Zealand, and Japan (“ANJ”), Latin America (“LATAM”), and Puerto Rico. As a result of our post-reorganization impairment test, we recognized a non-cash impairment loss of $226 million in SG&A in the first quarter of 2020 related to two reporting units contained within our International segment, including $83 million related to our ANJ reporting unit and $143 million related to our LATAM reporting unit, which represented all of the goodwill associated with these reporting units. The remaining reporting units tested as part of our post-reorganization impairment test each had excess fair value over carrying amount as of December 29, 2019. We performed our 2020 annual impairment test as of March 29, 2020, which was the first day of our second quarter in 2020. We utilized the discounted cash flow method under the income approach to estimate the fair value of our reporting units. Through the performance of the 2020 annual impairment test, we identified impairments related to our U.S. Foodservice, Canada Retail, Canada Foodservice, and EMEA East reporting units. As a result, we recognized a non-cash impairment loss of $1.8 billion in SG&A in the second quarter of 2020, which included an $815 million impairment loss in our Canada Retail reporting unit within our Canada segment, a $655 million impairment loss in our U.S. Foodservice reporting unit within our United States segment, a $205 million impairment loss in our Canada Foodservice reporting unit within our Canada segment, and a $142 million impairment loss in our EMEA East reporting unit within our International segment. These impairments were primarily due to the completion of our enterprise strategy and five-year operating plan in the second quarter of 2020. See Note 9, Goodwill and Intangible Assets , to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 26, 2020 for additional information on these impairment losses. Accumulated impairment losses to goodwill were $10.8 billion as of June 26, 2021. Additional Goodwill Considerations Fair value determinations require considerable judgment and are sensitive to changes in underlying assumptions, estimates, and market factors. Estimating the fair value of individual reporting units requires us to make assumptions and estimates regarding our future plans, as well as industry, economic, and regulatory conditions. These assumptions and estimates include estimated future annual net cash flows, income tax rates, discount rates, growth rates, and other market factors. If current expectations of future growth rates and margins are not met, if market factors outside of our control, such as discount rates, income tax rates, foreign currency exchange rates, or any factors that could be affected by COVID-19, change, or if management’s expectations or plans otherwise change, including updates to our long-term operating plans, then one or more of our reporting units might become impaired in the future. Additionally, any decisions to divest certain non-strategic assets could lead to the impairment of one or more of our reporting units in the future. In 2020 and continuing into 2021, the COVID-19 pandemic produced and has continued to produce a short-term beneficial financial impact to our consolidated results. Retail sales have increased compared to pre-pandemic periods due to higher than anticipated consumer demand for our products. The foodservice channel, however, has experienced a negative impact from prolonged social distancing mandates limiting access to and capacity at away-from-home establishments for a longer period of time than was expected when they were originally put in place. Our Canada Foodservice reporting unit is the most exposed of our reporting units to the long-term impacts to away-from-home establishments. While our other reporting units have varying levels of exposure to the foodservice channel, they also have exposure to the retail channel, which offsets some of the risk associated with the potential long-term impacts of shifts in net sales between retail and away-from-home establishments. Our Canada Foodservice reporting unit was impaired during our 2020 annual impairment test, reflecting our best estimate at that time of the future outlook and risks of this business. The Canada Foodservice reporting unit maintains an aggregate goodwill carrying amount of approximately $157 million as of June 26, 2021. A number of factors could result in further future impairments of our foodservice (or away-from-home) businesses, including but not limited to: mandates around closures of dining rooms in restaurants, distancing of people within establishments resulting in fewer customers, the total number of restaurant closures, forthcoming changes in consumer preferences or regulatory requirements over product formats (e.g., table top packaging vs. single serve packaging), and consumer trends of dining-in versus dining-out. Given the evolving nature of and uncertainty driven by the COVID-19 pandemic, we will continue to evaluate the impact on our reporting units as adverse changes to these assumptions could result in future impairments. Our reporting units that were impaired were written down to their respective fair values resulting in zero excess fair value over carrying amount as of the applicable impairment test dates. Accordingly, these and other reporting units that have 20% or less excess fair value over carrying amount as of the 2021 annual impairment testing date have a heightened risk of future impairments if any assumptions, estimates, or market factors change in the future. Although the remaining reporting units have more than 20% excess fair value over carrying amount as of the 2021 annual impairment testing date, these amounts are also associated with the acquisition of H. J. Heinz Company in 2013 by Berkshire Hathaway Inc. and 3G Global Food Holdings, LP (the “2013 Heinz Acquisition”) and the merger of Kraft Foods Group, Inc. with and into H.J. Heinz Holding Corporation in 2015 (the “2015 Merger”) and are recorded on the balance sheet at their estimated acquisition date fair values. Therefore, if any assumptions, estimates, or market factors change in the future, these amounts are also susceptible to impairments. 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 26, 2020 $ 42,267 Impairment losses (69) Divestitures (1,487) Translation adjustments 113 Balance at June 26, 2021 $ 40,824 At June 26, 2021 and December 26, 2020, indefinite-lived intangible assets excluded amounts classified as held for sale related to the Cheese Transaction. Indefinite-lived intangible asset amounts included in divestitures in the table above represent amounts previously reclassified to assets held for sale related to the Planters trademark in connection with the Nuts Transaction, which closed in the second quarter of 2021. See Note 4, Acquisitions and Divestitures , for additional information on the Cheese Transaction and the Nuts Transaction. 2021 Year-to-Date Indefinite-Lived Intangible Asset Impairment Testing We performed our 2021 annual impairment test as of March 28, 2021, which was the first day of our second quarter in 2021. As a result of our 2021 annual impairment test, we recognized a non-cash impairment loss of $69 million in SG&A in the second quarter of 2021 related to two brands, Plasmon and Maxwell House . We recorded non-cash impairment losses of $45 million in our International segment related to Plasmon and $24 million in our United States segment related to Maxwell House , consistent with the ownership of the trademarks. The impairment of the Plasmon brand was largely due to downward revised revenue expectations for infant nutrition in Italy. The impairment of the Maxwell House brand was primarily due to downward revised revenue expectations for mainstream coffee in the U.S. These brands had an aggregate carrying amount of $822 million prior to this impairment and $753 million after impairment. Our indefinite-lived intangible asset balance primarily consists of a number of individual brands, which had an aggregate carrying amount of $40.8 billion at June 26, 2021. As of the 2021 annual impairment test date, brands with 20% or less fair value over carrying amount had an aggregate carrying amount after impairment of $22.5 billion, brands with between 20-50% fair value over carrying amount had an aggregate carrying amount of $6.5 billion, and brands that had over 50% fair value over carrying amount had an aggregate carrying amount of $11.8 billion. We test our brands for impairment annually as of the first day of our second quarter, or more frequently if events or circumstances indicate it is more likely than not that the fair value of a brand is less than its carrying amount. 2020 Year-to-Date Indefinite-Lived Intangible Asset Impairment Testing We performed our 2020 annual impairment test as of March 29, 2020, which is the first day of our second quarter in 2020. As a result of our 2020 annual impairment test, we recognized a non-cash impairment loss of $1.1 billion in SG&A in the second quarter of 2020 primarily related to nine brands ( Oscar Mayer , Maxwell House , Velveeta , Cool Whip , Plasmon , ABC , Classico , Wattie’s , and Planters ), which included impairment losses of $949 million in our United States segment, $100 million in our International segment, and $7 million in our Canada segment, consistent with the ownership of the trademarks. We recognized a $626 million impairment loss related to the Oscar Mayer brand, a $140 million impairment loss related to the Maxwell House brand, and a $290 million impairment loss primarily related to seven other brands ( Velveeta , Cool Whip , Plasmon , ABC , Classico , Wattie’s , and Planters ). See Note 9, Goodwill and Intangible Assets , to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 26, 2020 for additional information on these impairment losses. Additional Indefinite-Lived Intangible Asset Considerations Fair value determinations require considerable judgment and are sensitive to changes in underlying assumptions, estimates, and market factors. Estimating the fair value of individual brands requires us to make assumptions and estimates regarding our future plans, as well as industry, economic, and regulatory conditions. These assumptions and estimates include estimated future annual net cash flows, income tax considerations, discount rates, growth rates, royalty rates, contributory asset charges, and other market factors. If current expectations of future growth rates and margins are not met, if market factors outside of our control, such as discount rates, income tax rates, foreign currency exchange rates, or any factors that could be affected by COVID-19, change, or if management’s expectations or plans otherwise change, including updates to our long-term operating plans, then one or more of our brands might become impaired in the future. Additionally, any decisions to divest certain non-strategic assets could lead to the impairment of one or more of our brands in the future. As we consider the ongoing impact of the COVID-19 pandemic with regard to our indefinite-lived intangible assets, a number of factors could have a future adverse impact on our brands, including changes in consumer and consumption trends in both the short and long term, the extent of government mandates to shelter in place, total number of restaurant closures, economic declines, and reductions in consumer discretionary income. We have seen an increase in our retail business, as compared to pre-pandemic levels, in the short term that has more than offset declines in our foodservice business over the same period. Our brands are generally common across both the retail and foodservice businesses and the fair value of our brands are subject to a similar mix of positive and negative factors. Given the evolving nature and uncertainty driven by the COVID-19 pandemic, we will continue to evaluate the impact on our brands. Our brands that were impaired were written down to their respective fair values resulting in zero excess fair value over carrying amount as of the applicable impairment test dates. Accordingly, these and other individual brands that have 20% or less excess fair value over carrying amount as of the 2021 annual impairment testing date have a heightened risk of future impairments if any assumptions, estimates, or market factors change in the future. Although the remaining brands have more than 20% excess fair value over carrying amount as of the 2021 annual impairment testing date, these amounts are also associated with the 2013 Heinz Acquisition and the 2015 Merger and are recorded on the balance sheet at their estimated acquisition date fair values. Therefore, if any assumptions, estimates, or market factors change in the future, these amounts are also susceptible to impairments. Definite-lived intangible assets: Definite-lived intangible assets were (in millions): June 26, 2021 December 26, 2020 Gross Accumulated Net Gross Accumulated Net Trademarks $ 1,953 $ (510) $ 1,443 $ 2,000 $ (478) $ 1,522 Customer-related assets 3,639 (977) 2,662 3,808 (942) 2,866 Other 15 (3) 12 15 (3) 12 $ 5,607 $ (1,490) $ 4,117 $ 5,823 $ (1,423) $ 4,400 At June 26, 2021 and December 26, 2020, definite-lived intangible assets excluded amounts classified as held for sale. See Note 4, Acquisitions and Divestitures , for additional information on amounts held for sale. Amortization expense for definite-lived intangible assets was $59 million for the three months and $119 million for the six months ended June 26, 2021 and $68 million for the three months and $136 million for the six months ended June 27, 2020. Aside from amortization expense, the change in definite-lived intangible assets from December 26, 2020 to June 26, 2021 primarily reflects the assets sold in connection with the Nuts Transaction, including certain customer-related assets with a net carrying value of $133 million and the Corn Nuts trademark with a net carrying value of $25 million, $9 million of non-cash impairment losses related to a trademark in our International segment, $2 million of additions related to an acquired license, and the impact of foreign currency. The impairment of definite-lived intangible assets in the second quarter of 2021 related to a trademark that had a net carrying value that was deemed not to be recoverable. This non-cash impairment loss was recognized in SG&A in the second quarter of 2021. We estimate that amortization expense related to definite-lived intangible assets will be approximately $239 million for each of the next five years.

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Jun. 26, 2021
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, the calculation of the percentage point impact of goodwill impairment and other items on the effective tax rate are affected by income/(loss) before income taxes. Further, small movements in tax rates due to a change in tax law or a change in tax rates that causes us to revalue our deferred tax balances produces volatility in our effective tax rate. 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 for the three months ended June 26, 2021 was an expense of 104.0% on pre-tax income. Our effective tax rate was unfavorably impacted by certain net discrete items, primarily the tax impact related to the Nuts Transaction (46.0%) and the revaluation of our deferred tax balances due to changes in international tax rates (35.4%), mainly an increase in U.K. tax rates. These impacts were partially offset by a favorable geographic mix of pre-tax income in various non-U.S. jurisdictions. Our effective tax rate for the three months ended June 27, 2020 was a benefit of 3.0% on pre-tax losses. Our effective tax rate was unfavorably impacted by certain net discrete items, primarily related to non-deductible goodwill impairments (23.8%), which were partially offset by the favorable impact of establishing certain deferred tax assets for state tax deductions and the revaluation of our deferred tax balances due to changes in international tax laws. Our effective tax rate for the six months ended June 26, 2021 was an expense of 59.8% on pre-tax income. Our effective tax rate was unfavorably impacted by certain net discrete items, primarily the tax impact related to the Nuts Transaction (22.4%), the revaluation of our deferred tax balances due to changes in international and state tax rates (15.6%), mainly an increase in U.K. tax rates, and non-deductible goodwill impairments (5.2%). These impacts were partially offset by a favorable geographic mix of pre-tax income in various non-U.S. jurisdictions and the impact of certain net discrete items, including the reversal of uncertain tax position reserves in certain U.S. state and foreign jurisdictions. Our effective tax rate for the six months ended June 27, 2020 was an expense of 9.4% on pre-tax losses. Our effective tax rate was unfavorably impacted by certain net discrete items, primarily related to non-deductible goodwill impairments (39.2%), which were partially offset by the favorable impact of establishing certain deferred tax assets for state tax deductions and the revaluation of our deferred tax balances due to changes in international tax laws. Other Income Tax Matters: As a result of the Nuts Transaction, we reclassified approximately $435 million of deferred income tax liabilities to income taxes payable, which is presented within other current liabilities, on our condensed consolidated balance sheet at June 26, 2021. We expect to pay cash taxes of approximately $700 million in the second half of 2021 related to the Nuts Transaction.

Employees' Stock Incentive Plan

Employees' Stock Incentive Plans (Notes)	6 Months Ended
	Jun. 26, 2021
Share-based Payment Arrangement [Abstract]
Employees' Stock Incentive Plans	Employees’ Stock Incentive Plans Stock Options: Our stock option activity and related information was: Number of Stock Options Weighted Average Exercise Price Outstanding at December 26, 2020 13,479,668 $ 43.71 Granted 980,222 37.09 Forfeited (362,553) 58.08 Exercised (1,622,199) 26.75 Outstanding at June 26, 2021 12,475,138 44.97 The aggregate intrinsic value of stock options exercised during the period was $19 million for the six months ended June 26, 2021 . Restricted Stock Units: Our restricted stock unit (“RSU”) activity and related information was: Number of Units Weighted Average Grant Date Fair Value Outstanding at December 26, 2020 14,235,922 $ 31.32 Granted 3,037,371 36.75 Forfeited (820,231) 30.70 Vested (262,611) 74.99 Outstanding at June 26, 2021 16,190,451 31.66 The aggregate fair value of RSUs that vested during the period was $10 million for the six months ended June 26, 2021. Performance Share Units: Our performance share unit (“PSU”) activity and related information was: Number of Units Weighted Average Grant Date Fair Value Outstanding at December 26, 2020 7,778,710 $ 33.16 Granted 1,571,066 35.04 Forfeited (496,386) 43.03 Outstanding at June 26, 2021 8,853,390 32.94

Postemployment Benefits (Notes)

Postemployment Benefits (Notes)	6 Months Ended
	Jun. 26, 2021
Retirement Benefits [Abstract]
Postemployment Benefits	Postemployment BenefitsSee our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 26, 2020 for additional information on our postemployment related accounting policies. 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 June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Service cost $ 1 $ 1 $ 4 $ 4 Interest cost 21 32 8 10 Expected return on plan assets (45) (53) (25) (25) Amortization of prior service costs/(credits) — — 1 — Amortization of unrecognized losses/(gains) — — 1 1 Settlements (6) — — — Special/contractual termination benefits (1) — — — Net pension cost/(benefit) $ (30) $ (20) $ (11) $ (10) For the Six Months Ended U.S. Plans Non-U.S. Plans June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Service cost $ 3 $ 3 $ 8 $ 8 Interest cost 43 65 15 19 Expected return on plan assets (90) (105) (48) (51) Amortization of prior service costs/(credits) — — 1 — Amortization of unrecognized losses/(gains) — — 1 1 Settlements (6) — — — Special/contractual termination benefits 3 — — — Net pension cost/(benefit) $ (47) $ (37) $ (23) $ (23) We present all non-service cost components of net pension cost/(benefit) within other expense/(income) on our condensed consolidated statements of income. In 2021, we recognized special/contractual termination benefits related to the Nuts Transaction, including a gain of $1 million for the three months and a loss of $3 million for the six months ended June 26, 2021. These special/contractual termination benefits are recorded in other expense/(income) as a component of our pre-tax loss on sale of business on the condensed consolidated statement of income for the three and six months ended June 26, 2021. Employer Contributions: Related to our non-U.S. pension plans, we contributed $8 million during the six months ended June 26, 2021 and plan to make further contributions of approximately $6 million during the remainder of 2021. We did not contribute to our U.S. pension plans during the six months ended June 26, 2021 and do not plan to make contributions during the remainder of 2021. Estimated future contributions take into consideration current economic conditions, including the impacts of COVID-19, which at this time are expected to have minimal impact on expected contributions for the remainder of 2021. 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 pension asset performance or interest rates, or other factors. Postretirement Plans Components of Net Postretirement Cost/(Benefit): Net postretirement cost/(benefit) consisted of the following (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Service cost $ 2 $ 1 $ 3 $ 3 Interest cost 5 9 10 17 Expected return on plan assets (12) (13) (24) (25) Amortization of prior service costs/(credits) (2) (30) (4) (61) Amortization of unrecognized losses/(gains) (4) (4) (8) (7) Curtailments (4) — (4) — Net postretirement cost/(benefit) $ (15) $ (37) $ (27) $ (73) We present all non-service cost components of net postretirement cost/(benefit) within other expense/(income) on our condensed consolidated statements of income. For the three and six months ended June 26, 2021, we recognized a curtailment gain of $4 million related to the Nuts Transaction. This gain is recorded in other expense/(income) as a component of our pre-tax loss on sale of business on the condensed consolidated statements of income for the three and six months ended June 26, 2021. Employer Contributions: During the six months ended June 26, 2021, we contributed $6 million to our postretirement benefit plans. We plan to make further contributions of approximately $8 million to our postretirement benefit plans during the remainder of 2021. Estimated future contributions take into consideration current economic conditions, including the impacts of COVID-19, which at this time are expected to have minimal impact on expected contributions for the remainder of 2021. 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)	6 Months Ended
	Jun. 26, 2021
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 26, 2020 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): Notional Amount June 26, 2021 December 26, 2020 Commodity contracts $ 511 $ 384 Foreign exchange contracts 3,510 3,658 Cross-currency contracts 8,189 8,189 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): June 26, 2021 Quoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable Inputs Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (a) $ — $ — $ 9 $ 60 $ 9 $ 60 Cross-currency contracts (b) — — 338 432 338 432 Derivatives not designated as hedging instruments: Commodity contracts (c) 80 13 10 — 90 13 Foreign exchange contracts (a) — — 8 11 8 11 Cross-currency contracts (b) — — — 27 — 27 Total fair value $ 80 $ 13 $ 365 $ 530 $ 445 $ 543 (a) At June 26, 2021, the fair value of our derivative assets was recorded in other current assets ($13 million) and other non-current assets ($4 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($62 million) and other non-current liabilities ($9 million). (b) At June 26, 2021, the fair value of our derivative assets was recorded in other current assets ($74 million) and other non-current assets ($264 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($84 million) and other non-current liabilities ($375 million). (c) At June 26, 2021, the fair value of our derivative assets was recorded in other current assets, and the fair value of derivative liabilities was recorded in other current liabilities. December 26, 2020 Quoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable Inputs Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (a) $ — $ — $ 9 $ 46 $ 9 $ 46 Cross-currency contracts (b) — — 298 333 298 333 Derivatives not designated as hedging instruments: Commodity contracts (c) 50 14 3 1 53 15 Foreign exchange contracts (a) — — 20 9 20 9 Total fair value $ 50 $ 14 $ 330 $ 389 $ 380 $ 403 (a) At December 26, 2020, the fair value of our derivative assets was recorded in other current assets ($28 million) and other non-current assets ($1 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($50 million) and other non-current liabilities ($5 million). (b) At December 26, 2020, the fair value of our derivative assets was recorded in other non-current assets, and the fair value of our derivative liabilities was recorded in other current liabilities ($41 million) and other non-current liabilities ($292 million). (c) At December 26, 2020, the fair value of our derivative assets was recorded in other current assets, and the fair value of our derivative liabilities was recorded in other current liabilities. 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 $271 million at June 26, 2021 and $315 million at December 26, 2020. We had collected collateral related to commodity derivative margin requirements of $76 million at June 26, 2021 and $25 million at December 26, 2020, which was included in other current liabilities on our condensed consolidated balance sheets. 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, options, 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. Foreign exchange options are valued using an income approach based on a Black-Scholes-Merton formula. This formula uses present value techniques and reflects the time value and intrinsic value based on observable market rates. Cross-currency swaps are valued based on observable market spot and swap rates. We did not have any Level 3 financial assets or liabilities in any period presented. Our calculation of the fair value of financial instruments takes into consideration the risk of nonperformance, including counterparty credit risk. Net Investment Hedging: At June 26, 2021, we had the following items designated as net investment hedges: • Non-derivative foreign-denominated debt with principal amounts of €650 million and £400 million; • Cross-currency contracts with notional amounts of £900 million ($1.2 billion), C$1.7 billion ($1.3 billion), €1.9 billion ($2.1 billion), and ¥9.6 billion ($85 million); and • Foreign exchange contracts denominated in Chinese renminbi with an aggregate notional amount of $115 million and in euro with an aggregate notional amount of $90 million. We periodically use non-derivative instruments such as non-U.S. dollar financing transactions or non-U.S. dollar assets or liabilities, including intercompany loans, to hedge the exposure of changes in underlying foreign currency denominated subsidiary net assets, and they are designated as net investment hedges. At June 26, 2021, we had euro intercompany loans with an aggregate notional amount of $127 million. The component of the gains and losses on our net investment in these designated foreign operations, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contracts and foreign exchange contracts and remeasurements of our foreign-denominated debt. Cash Flow Hedge Coverage: At June 26, 2021, we had entered into foreign exchange contracts designated as cash flow hedges for periods not exceeding the next two years and into cross-currency contracts designated as cash flow hedges for periods not exceeding the next seven years. Deferred Hedging Gains and Losses on Cash Flow Hedges: Based on our valuation at June 26, 2021 and assuming market rates remain constant through contract maturities, we expect transfers to net income/(loss) of unrealized losses on foreign currency cash flow hedges during the next 12 months to be approximately $38 million. Additionally, we expect transfers to net income/(loss) of unrealized gains on cross-currency cash flow hedges and unrealized losses on interest rate cash flow hedges during the next 12 months to each be insignificant. Derivative Impact on the Statements of Comprehensive Income: The following table presents the pre-tax amounts of derivative gains/(losses) deferred into accumulated other comprehensive income/(losses) and the income statement line item that will be affected when reclassified to net income/(loss) (in millions): Accumulated Other Comprehensive Income/(Losses) Component Gains/(Losses) Recognized in Other Comprehensive Income/(Losses) Related to Derivatives Designated as Hedging Instruments Location of Gains/(Losses) When Reclassified to Net Income/(Loss) For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Cash flow hedges: Foreign exchange contracts $ — $ — $ (1) $ 1 Net sales Foreign exchange contracts (17) (23) (40) 49 Cost of products sold Foreign exchange contracts (excluded component) — — — (1) Cost of products sold Foreign exchange contracts — — — — Other expense/(income) Cross-currency contracts (17) 52 (32) 93 Other expense/(income) Cross-currency contracts (excluded component) 7 7 14 13 Other expense/(income) Cross-currency contracts (4) (3) (10) (3) Interest expense Net investment hedges: Foreign exchange contracts (1) — — 2 Other expense/(income) Foreign exchange contracts (excluded component) — — — (1) Interest expense Cross-currency contracts (53) (54) (67) 132 Other expense/(income) Cross-currency contracts (excluded component) 6 8 12 16 Interest expense Total gains/(losses) recognized in statements of comprehensive income $ (79) $ (13) $ (124) $ 301 Derivative Impact on the Statements of Income: The following tables present the pre-tax amounts of derivative gains/(losses) reclassified from accumulated other comprehensive income/(losses) to net income/(loss) and the affected income statement line items (in millions): For the Three Months Ended June 26, 2021 June 27, 2020 Cost of products sold SG&A Interest expense Other expense/(income) Cost of products sold Interest expense Other expense/(income) Total amounts presented in the condensed consolidated statements of income in which the following effects were recorded $ 4,324 $ 1,056 $ 613 $ (23) $ 4,196 $ 442 $ (78) Gains/(losses) related to derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange contracts $ (12) $ (1) $ — $ — $ 10 $ — $ — Foreign exchange contracts (excluded component) (1) — — — — — — Interest rate contracts — — — — — (1) — Cross-currency contracts — — (4) 15 — (3) 38 Cross-currency contracts (excluded component) — — — 7 — — 7 Net investment hedges: Foreign exchange contracts (excluded component) — — 1 — — (1) — Cross-currency contracts (excluded component) — — 3 — — 7 — Gains/(losses) related to derivatives not designated as hedging instruments: Commodity contracts 44 — — — (14) — — Foreign exchange contracts — — — (15) — — — Cross-currency contracts — — — 4 — — — Total gains/(losses) recognized in statements of income $ 31 $ (1) $ — $ 11 $ (4) $ 2 $ 45 For the Six Months Ended June 26, 2021 June 27, 2020 Cost of products sold SG&A Interest expense Other expense/(income) Cost of products sold Interest expense Other expense/(income) Total amounts presented in the condensed consolidated statements of income in which the following effects were recorded $ 8,517 $ 2,168 $ 1,028 $ (53) $ 8,495 $ 752 $ (159) Gains/(losses) related to derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange contracts $ (19) $ (1) $ — $ — $ 11 $ — $ — Foreign exchange contracts (excluded component) (1) — — — — — — Interest rate contracts — — — — — (2) — Cross-currency contracts — — (10) (28) — (3) 41 Cross-currency contracts (excluded component) — — — 13 — — 14 Net investment hedges: Foreign exchange contracts (excluded component) — — 1 — — (1) — Cross-currency contracts (excluded component) — — 7 — — 15 — Gains/(losses) related to derivatives not designated as hedging instruments: Commodity contracts 94 — — — (164) — — Foreign exchange contracts — — — (20) — — (28) Cross-currency contracts — — — 4 — — — Total gains/(losses) recognized in statements of income $ 74 $ (1) $ (2) $ (31) $ (153) $ 9 $ 27 Non-Derivative Impact on Statements of Comprehensive Income: Related to our non-derivative foreign-denominated debt instruments designated as net investment hedges, we recognized pre-tax losses of $13 million for the three months and pre-tax gains of $5 million for the six months ended June 26, 2021 and pre-tax gains of $31 million for the three months and $65 million for the six months ended June 27, 2020. These amounts were recognized in other comprehensive income/(loss). Other Financial Instruments: The carrying amounts of cash equivalents approximated fair values at June 26, 2021 and December 26, 2020. Money market funds are included in cash and cash equivalents on the condensed consolidated balance sheets. The fair value of money market funds was $133 million at June 26, 2021 and $144 million at December 26, 2020. These are considered Level 1 financial assets and are valued using quoted prices in active markets for identical assets.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Losses) (Notes)	6 Months Ended
	Jun. 26, 2021
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 26, 2020 $ (2,218) $ 158 $ 93 $ (1,967) Foreign currency translation adjustments 251 — — 251 Net deferred gains/(losses) on net investment hedges (44) — — (44) Amounts excluded from the effectiveness assessment of net investment hedges 10 — — 10 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (6) — — (6) Net deferred gains/(losses) on cash flow hedges — — (64) (64) Amounts excluded from the effectiveness assessment of cash flow hedges — — 14 14 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) — — 26 26 Net actuarial gains/(losses) arising during the period — 73 — 73 Net postemployment benefit losses/(gains) reclassified to net income/(loss) — (13) — (13) Total other comprehensive income/(loss) 211 60 (24) 247 Balance as of June 26, 2021 $ (2,007) $ 218 $ 69 $ (1,720) 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 June 26, 2021 June 27, 2020 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 190 $ — $ 190 $ 174 $ — $ 174 Net deferred gains/(losses) on net investment hedges (67) 18 (49) (23) 6 (17) Amounts excluded from the effectiveness assessment of net investment hedges 6 (1) 5 8 3 11 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (4) 1 (3) (6) 1 (5) Net deferred gains/(losses) on cash flow hedges (38) 3 (35) 26 9 35 Amounts excluded from the effectiveness assessment of cash flow hedges 7 — 7 7 — 7 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) (4) 3 (1) (51) — (51) Net actuarial gains/(losses) arising during the period 95 (24) 71 — — — Net postemployment benefit losses/(gains) reclassified to net income/(loss) (9) 2 (7) (33) 9 (24) For the Six Months Ended June 26, 2021 June 27, 2020 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 251 $ — $ 251 $ (602) $ — $ (602) Net deferred gains/(losses) on net investment hedges (62) 18 (44) 199 (50) 149 Amounts excluded from the effectiveness assessment of net investment hedges 12 (2) 10 15 1 16 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (8) 2 (6) (14) 3 (11) Net deferred gains/(losses) on cash flow hedges (83) 19 (64) 140 (4) 136 Amounts excluded from the effectiveness assessment of cash flow hedges 14 — 14 12 — 12 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) 46 (20) 26 (61) — (61) Net actuarial gains/(losses) arising during the period 98 (25) 73 — — — Net postemployment benefit losses/(gains) reclassified to net income/(loss) (16) 3 (13) (67) 18 (49) 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) to Net Income/(Loss) Affected Line Item in the Statements of Income For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Losses/(gains) on net investment hedges: Foreign exchange contracts (a) $ (1) $ 1 $ (1) $ 1 Interest expense Cross-currency contracts (a) (3) (7) (7) (15) Interest expense Losses/(gains) on cash flow hedges: Foreign exchange contracts (b) 13 (10) 20 (11) Cost of products sold Foreign exchange contracts (b) 1 — 1 — SG&A Cross-currency contracts (b) (22) (45) 15 (55) Other expense/(income) Cross-currency contracts (b) 4 3 10 3 Interest expense Interest rate contracts (c) — 1 — 2 Interest expense Losses/(gains) on hedges before income taxes (8) (57) 38 (75) Losses/(gains) on hedges, income taxes 4 1 (18) 3 Losses/(gains) on hedges $ (4) $ (56) $ 20 $ (72) Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) (d) $ (3) $ (3) $ (7) $ (6) Amortization of prior service costs/(credits) (d) (1) (30) (3) (61) Settlement and curtailment losses/(gains) (d) (5) — (6) — Losses/(gains) on postemployment benefits before income taxes (9) (33) (16) (67) Losses/(gains) on postemployment benefits, income taxes 2 9 3 18 Losses/(gains) on postemployment benefits $ (7) $ (24) $ (13) $ (49) (a) Represents recognition of the excluded component in net income/(loss). (b) Includes amortization of the excluded component and the effective portion of the related hedges. (c) Represents amortization of realized hedge losses that were deferred into accumulated other comprehensive income/(losses) through the maturity of the related long-term debt instruments. (d) These components are included in the computation of net periodic postemployment benefit costs. See Note 11, Postemployment Benefits , for additional information.

Financing Arrangements (Notes)

Financing Arrangements (Notes)	6 Months Ended
	Jun. 26, 2021
Transfers and Servicing [Abstract]
Financing Arrangements	Financing Arrangements We enter into various product financing arrangements to facilitate supply from our vendors. Balance sheet classification is based on the nature of the arrangements. We have concluded that our obligations to our suppliers, including amounts due and scheduled payment terms, are impacted by their participation in the program and therefore we classify amounts outstanding within other current liabilities on our condensed consolidated balance sheets. We had approximately $155 million at June 26, 2021 and approximately $236 million at December 26, 2020 on our condensed consolidated balance sheets related to these arrangements. Transfers of Financial Assets: During the fourth quarter of 2020, we entered into a nonrecourse accounts receivable factoring program whereby certain eligible receivables are sold to third party financial institutions in exchange for cash. The program provides us with an additional means for managing liquidity. Under the terms of the arrangement, we act as the collecting agent on behalf of the financial institutions to collect amounts due from customers for the receivables sold. We account for the transfer of receivables as a true sale at the point control is transferred through derecognition of the receivable on our condensed consolidated balance sheet. No receivables were sold under this accounts receivable factoring program during the three or six months ended June 26, 2021, and there were no amounts outstanding at June 26, 2021 or December 26, 2020. Any proceeds from the sales of receivables are included in cash flows from operating activities on the condensed consolidated statements of cash flows.

Commitments, Contingencies and

Commitments, Contingencies and Debt (Notes)	6 Months Ended
	Jun. 26, 2021
Debt Disclosure [Abstract]
Commitments, Contingencies and Debt	Commitments, Contingencies, and Debt Legal Proceedings We are 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 the Legal Matters that are currently pending will have a material adverse effect on our financial condition, results of operations, or cash flows. Class Actions and Stockholder Derivative Actions: The Kraft Heinz Company and certain of our current and former officers and directors are currently defendants in a consolidated securities class action lawsuit pending in the United States District Court for the Northern District of Illinois, Union Asset Management Holding AG, et al. v. The Kraft Heinz Company, et al . The consolidated amended class action complaint, which was filed on August 14, 2020 and also names 3G Capital, Inc. and several of its subsidiaries and affiliates (“3G Entities”) as defendants, asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 10b-5 promulgated thereunder, based on allegedly materially false or misleading statements and omissions in public statements, press releases, investor presentations, earnings calls, Company documents, and SEC filings regarding the Company’s business, financial results, and internal controls, and further alleges the 3G Entities engaged in insider trading and misappropriated the Company’s material, non-public information. The plaintiffs seek damages in an unspecified amount, attorneys’ fees, and other relief. In addition, our Employee Benefits Administration Board and certain of The Kraft Heinz Company’s current and former officers and employees are currently defendants in an Employee Retirement Income Security Act (“ERISA”) class action lawsuit, Osborne v. Employee Benefits Administration Board of Kraft Heinz, et al. , which is pending in the United States District Court for the Northern District of Illinois. Plaintiffs in the lawsuit purport to represent a class of current and former employees who were participants in and beneficiaries of various retirement plans which were co-invested in a commingled investment fund known as the Kraft Foods Savings Plan Master Trust (the “Master Trust”) during the period of May 4, 2017 through February 21, 2019. An amended complaint was filed on June 28, 2019. The amended complaint alleges violations of Section 502 of ERISA based on alleged breaches of obligations as fiduciaries subject to ERISA by allowing the Master Trust to continue investing in our common stock, and alleges additional breaches of fiduciary duties by current and former officers for their purported failure to monitor Master Trust fiduciaries. The plaintiffs seek damages in an unspecified amount, attorneys’ fees, and other relief. Certain of The Kraft Heinz Company’s current and former officers and directors and the 3G Entities are also named as defendants in a stockholder derivative action, In re Kraft Heinz Shareholder Derivative Litigation , which had been previously consolidated in the United States District Court for the Western District of Pennsylvania, and is now pending in the United States District Court for the Northern District of Illinois. That complaint, which was filed on July 31, 2019, asserts state law claims for alleged breaches of fiduciary duties and unjust enrichment, as well as federal claims for contribution for alleged violations of Sections 10(b) and 21D of the Exchange Act and Rule 10b-5 promulgated thereunder, based on allegedly materially false or misleading statements and omissions in public statements and SEC filings, and for implementing cost cutting measures that allegedly damaged the Company. The plaintiffs seek damages in an unspecific amount, attorneys’ fees, and other relief. A further consolidated amended complaint is expected after appointment of a lead plaintiff. Certain of The Kraft Heinz Company’s current and former officers and directors and the 3G Entities are also named as defendants in a consolidated stockholder derivative action, In re Kraft Heinz Company Derivative Litigation , which was filed in the Delaware Court of Chancery. The consolidated amended complaint, which was filed on April 27, 2020, alleges state law claims, contending that the 3G Entities were controlling shareholders who owed fiduciary duties to the Company, and that they breached those duties by allegedly engaging in insider trading and misappropriating the Company’s material, non-public information. The complaint further alleges that certain of The Kraft Heinz Company’s current and former officers and directors breached their fiduciary duties to the Company by purportedly making materially misleading statements and omissions regarding the Company’s financial performance and the impairment of its goodwill and intangible assets, and by supposedly approving or allowing the 3G Entities’ alleged insider trading. The complaint seeks relief against the defendants in the form of damages, disgorgement of all profits obtained from the alleged insider trading, contribution and indemnification, and an award of attorneys’ fees and costs. We intend to vigorously defend against these lawsuits; however, we cannot reasonably estimate the potential range of loss, if any, due to the early stage of these proceedings. United States Government Investigations: As previously disclosed on February 21, 2019, we received a subpoena in October 2018 from the SEC related to our procurement area, specifically the accounting policies, procedures, and internal controls related to our procurement function, including, but not limited to, agreements, side agreements, and changes or modifications to agreements with our suppliers. Following the receipt of this subpoena, we, together with external counsel and forensic accountants, and subsequently, under the oversight of the Audit Committee, conducted an internal investigation into our procurement area and related matters. The SEC has issued additional subpoenas seeking information related to our financial reporting, incentive plans, debt issuances, internal controls, disclosures, personnel, our assessment of goodwill and intangible asset impairments, our communications with certain stockholders, and other related information and materials in connection with its investigation. We have been responsive to the ongoing subpoenas and other document requests and are in discussions with the SEC regarding the potential resolution of its investigation. Based upon our current estimate for the ultimate resolution of the SEC’s investigation, we recorded an accrual in the second quarter of 2021, which is reflected in other current liabilities on the condensed consolidated balance sheet at June 26, 2021 and in SG&A on our condensed consolidated statements of income for the three and six months ended June 26, 2021. While it is possible that the ultimate amount of our liability could be different than the amount accrued, we believe the potential liability, if any, to the extent different than the amounts already accrued, will not have a material impact on our financial condition, results of operations, or cash flows. As previously disclosed, the United States Attorney’s Office for the Northern District of Illinois is also reviewing this matter. We cannot predict the eventual scope, duration, or outcome of any potential action or whether it could have a material impact on our financial condition, results of operations, or cash flows. Debt We may from time to time seek to retire or purchase our outstanding debt through redemptions, tender offers, cash purchases, prepayments, refinancing, exchange offers, open market or privately negotiated transactions, Rule 10b5-1 plans, or otherwise. Cash payments related to debt extinguishment are classified as cash outflows from financing activities on the condensed consolidated statements of cash flows. Any gains or losses on extinguishment of debt are recognized in interest expense on the condensed consolidated statements of income. Borrowing Arrangements: On July 6, 2015, together with Kraft Heinz Foods Company (“KHFC”), our 100% owned operating subsidiary, we entered into a credit agreement (as amended, the “Credit Agreement”), which provides for a $4.0 billion senior unsecured revolving credit facility (as amended, the “Senior Credit Facility”). In June 2018, we entered into an agreement effective on July 6, 2018 to extend the maturity date of our Senior Credit Facility from July 6, 2021 to July 6, 2023 and to provide a $400 million euro equivalent swing line facility, which is available under the $4.0 billion Senior Credit Facility limit, for short-term loans denominated in euros on a same-day basis. In March 2020, we entered into an extension letter agreement (the “2020 Extension Agreement”), which extends $3.9 billion under the Senior Credit Facility from July 6, 2023 to July 6, 2024. The revolving loans and commitments of each lender that did not agree to the 2020 Extension Agreement continue to terminate on July 6, 2023. On October 9, 2020, we entered into the Commitment Increase Amendment (the “Amendment”) to the Credit Agreement, which provides for incremental revolving commitments by two additional lenders in the amount of $50 million each, or $100 million in aggregate. Following the execution of the Amendment, the Senior Credit Facility provides for $4.1 billion through July 6, 2023 and $4.0 billion through July 6, 2024. On April 9, 2021, we entered into an extension letter agreement (the “2021 Extension Agreement”), which extends the maturity date of $4.0 billion under the Senior Credit Facility from July 6, 2024 to July 6, 2025. In the first quarter of 2020, as a precautionary measure to preserve financial flexibility in light of the uncertainty in the global economy resulting from the COVID-19 pandemic, we borrowed $4.0 billion under our Senior Credit Facility. We repaid the full $4.0 billion during the second quarter of 2020. No amounts were drawn on our Senior Credit Facility at June 26, 2021, at December 26, 2020, or during the six months ended June 26, 2021. The Senior Credit Facility contains representations, warranties, and covenants that are typical for these types of facilities and could upon the occurrence of certain events of default restrict our ability to access our Senior Credit Facility. Our Senior Credit Facility requires us to maintain a minimum shareholders’ equity (excluding accumulated other comprehensive income/(losses)) of at least $35 billion. We were in compliance with this covenant as of June 26, 2021. The obligations under the Credit Agreement are guaranteed by KHFC in the case of indebtedness and other liabilities of any subsidiary borrower and by The Kraft Heinz Company in the case of indebtedness and other liabilities of any subsidiary borrower and KHFC. In March 2020, together with KHFC, we entered into an uncommitted revolving credit line agreement, which provides for borrowings up to $300 million. Each borrowing under this uncommitted revolving credit line agreement is due within six months of the disbursement date. In March 2021, we amended the uncommitted revolving credit line agreement to extend the final maturity date of the agreement from June 9, 2021 to June 9, 2022. As of June 26, 2021, no amounts had been drawn on this facility. See Note 18, Debt , to our consolidated financial statements in our Annual Report on Form 10-K for the year ended December 26, 2020 for additional information on our borrowing arrangements. Long-term Debt Transactions: The table below summarizes our aggregate principal amount of long-term debt outstanding, excluding financing leases, before and after our current year debt transactions, specifically tender offers, debt redemptions, open-market repurchases, and debt repayments (in millions): Aggregate Principal Amount Outstanding as of December 26, 2020 Tender Offers Open Market Debt Repurchases Debt Redemptions Debt Repayments Aggregate Principal Amount Outstanding as of June 26, 2021 3.500% senior notes due June 2022 (a) $ 631 $ — $ — $ — $ — $ 631 4.000% senior notes due June 2023 (a)(d) 447 — — 447 — — 3.950% senior notes due July 2025 (a)(f) 1,609 812 — — — 797 3.000% senior notes due June 2026 (a)(c) 2,000 88 36 — — 1,876 6.375% senior notes due July 2028 (b) 235 17 — — — 218 4.625% senior notes due January 2029 (b)(c) 1,100 345 4 — — 751 3.750% senior notes due April 2030 (b)(c) 1,000 254 3 — — 743 6.750% senior notes due March 2032 (b) 437 66 — — — 371 5.000% senior notes due July 2035 (b)(c) 1,000 187 8 — — 805 6.875% senior notes due January 2039 (b)(c) 878 29 10 — — 839 7.125% senior notes due August 2039 (b)(c) 931 51 4 — — 876 4.625% senior notes due October 2039 (b) 500 101 — — — 399 6.500% senior notes due February 2040 (b)(c) 788 39 15 — — 734 5.000% senior notes due June 2042 (b)(c) 2,000 334 7 — — 1,659 5.200% senior notes due July 2045 (c) 2,000 — 56 — — 1,944 4.375% senior notes due June 2046 (c) 3,000 — 64 — — 2,936 Floating rate senior notes due February 2021 (e) 111 — — — 111 — Other long-term debt (g) 9,226 — — — — 9,176 Total $ 27,893 $ 2,323 $ 207 $ 447 $ 111 $ 24,755 (a) Included in the Q1 2021 Tender Offer (defined below). (b) Included in the Q2 2021 Tender Offers (defined below). (c) Included in the Q2 2021 Repurchases (defined below). (d) Included in the Q2 2021 Debt Redemption (defined below). (e) Repaid in February 2021 at maturity. (f) The remaining aggregate principal balance of these senior notes was redeemed in the Q3 2021 Debt Redemption (defined below) in July 2021. (g) Represents the aggregate principal amount of all of our long-term debt obligations, excluding finance leases, that were not impacted by current year debt transactions. Foreign-denominated long-term debt is reflected at the foreign currency exchange rate in effect at each period end. Tender Offers: 2021 Tender Offers In February 2021, KHFC commenced a cash tender offer to purchase up to the maximum combined aggregate purchase price of $1.0 billion, including principal and premium but excluding accrued and unpaid interest (the “2021 Maximum Tender Amount”), of its outstanding 3.950% senior notes due July 2025, 3.000% senior notes due June 2026, 4.000% senior notes due June 2023, and 3.500% senior notes due June 2022 (the “Q1 2021 Tender Offer”), listed in order of priority. Based on participation, KHFC elected to settle the Q1 2021 Tender Offer on the early settlement date, March 9, 2021. Since the aggregate purchase price of the senior notes validly tendered and not validly withdrawn as of the early tender time exceeded the 2021 Maximum Tender Amount, we did not accept for purchase any of the 3.500% senior notes due June 2022 or the 4.000% senior notes due June 2023. The aggregate principal amount of senior notes validly tendered and accepted was approximately $900 million. Refer to the table above for the amount extinguished by senior notes in the Q1 2021 Tender Offer. In June 2021, KHFC commenced cash tender offers to purchase up to the maximum combined aggregate purchase price of $2.8 billion, including principal and premium but excluding accrued and unpaid interest, of its 5.000% Senior Note due June 2042, 5.000% Senior Notes due July 2035, 4.625% Senior Notes due January 2029, 4.625% Senior Notes due October 2039, 3.750% Senior Notes due April 2030, 6.500% Senior Notes due February 2040, 6.375% Senior Notes due July 2028, 6.750% Senior Notes due March 2032, 6.875% Senior Notes due January 2039, and 7.125% Senior Notes Due August 2039 (the “Q2 2021 Tender Offers” and, together with the Q1 2021 Tender Offer, the “2021 Tender Offers”), listed in order of priority. KHFC settled the Q2 2021 Tender Offers on June 14, 2021 and June 16, 2021. The aggregate principal amount of senior notes validly tendered and accepted was approximately $1.4 billion. Refer to the table above for the amount extinguished by senior notes in the Q2 2021 Tender Offers. Related to the 2021 Tender Offers, we recognized a loss on extinguishment of debt of $362 million within interest expense on the condensed consolidated statement of income for the six months ended June 26, 2021, which included a loss of $106 million in the first quarter of 2021 related to the Q1 2021 Tender Offer and a loss of $256 million in the second quarter of 2021 related to the Q2 2021 Tender Offers. These losses primarily reflect the payment of early tender premiums and fees associated with the 2021 Tender Offers as well as the write-off of unamortized premiums, debt issuance costs, and discounts. Related to the 2021 Tender Offers, we recognized debt prepayment and extinguishment costs of $369 million on the condensed consolidated statement of cash flows for the six months ended June 26, 2021, which reflects the $362 million loss on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $20 million, unamortized debt issuance costs of $7 million, and unamortized discounts of $6 million. 2020 Tender Offer In May 2020, KHFC commenced a cash tender offer to purchase up to the maximum combined aggregate purchase price of $2.2 billion, excluding accrued and unpaid interest (the “2020 Maximum Tender Amount”), of its outstanding floating rate senior notes due February 2021, 3.500% senior notes due June 2022, 3.500% senior notes due July 2022, floating rate senior notes due August 2022, 4.000% senior notes due June 2023, 3.950% senior notes due July 2025, and 3.000% senior notes due June 2026 (the “2020 Tender Offer”), listed in order of priority. As a result of the 2020 Tender Offer, KHFC extinguished approximately $2.1 billion aggregate principal amounts of senior notes in the second quarter of 2020. None of the 3.000% senior notes due June 2026 were tendered based on the aggregate principal amount of senior notes validly tendered exceeding the 2020 Maximum Tender Amount. See Note 18, Debt , to our consolidated financial statements in our Annual Report on Form 10-K for the year ended December 26, 2020 for additional information on the 2020 Tender Offer. In connection with the 2020 Tender Offer, we recognized a loss on extinguishment of debt of $71 million within interest expense on the condensed consolidated statements of income for the three and six months ended June 27, 2020. This loss primarily reflects the payment of early tender premiums and fees associated with the 2020 Tender Offer as well as the write-off of unamortized debt issuance costs, premiums, and discounts. Related to the 2020 Tender Offer, we recognized debt prepayment and extinguishment costs of $68 million on the condensed consolidated statement of cash flows for the six months ended June 27, 2020, which reflect the $71 million loss on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $1 million, unamortized debt issuance costs of $3 million, and unamortized discounts of $1 million. Open Market Debt Repurchases: During the three months ended June 26, 2021, we repurchased approximately $207 million of certain of our senior notes under Rule 10b5-1 plans (the “Q2 2021 Repurchases”). Refer to the table above for the amount extinguished by senior notes in the Q2 2021 Repurchases. In connection with the Q2 2021 Repurchases, we recognized a loss on extinguishment of debt of approximately $28 million within interest expense on the condensed consolidated statements of income for the three and six months ended June 26, 2021. This loss primarily reflects the payment of premiums associated with the repurchases as well as the write-off of unamortized debt issuance costs, premiums, and discounts. Related to the Q2 2021 Repurchases, we recognized debt prepayment and extinguishment costs of $31 million on the condensed consolidated statement of cash flows for the six months ended June 26, 2021, which reflect the $28 million loss on extinguishment of debt adjusted for the non-cash write-off of unamortized premiums of $5 million, unamortized discounts of $1 million, and unamortized debt issuance costs of $1 million. In the second quarter of 2021, we initiated a purchase transaction for approximately $50 million aggregate principal amount of our 5.200% senior notes due July 2045, which was settled on June 28, 2021. These notes were included in the current portion of long-term debt on our condensed consolidated balance sheet at June 26, 2021. Our condensed consolidated financial statements as of June 26, 2021 do not reflect the extinguishment of these notes as it occurred in the third quarter of 2021. Debt Redemptions: 2021 Debt Redemptions In April 2021, KHFC issued a notice of redemption of all of its 4.000% senior notes due June 2023, effective May 1, 2021 (the “Q2 2021 Debt Redemption”). Prior to the redemption, approximately $447 million aggregate principal amount was outstanding. In connection with the Q2 2021 Debt Redemption, we recognized a loss on extinguishment of debt of $34 million within interest expense on the condensed consolidated statements of income for the three and six months ended June 26, 2021. This loss primarily reflects the payment of premiums and fees associated with the redemptions as well as the write-off of unamortized debt issuance costs. Related to the Q2 2021 Debt Redemption, we recognized debt prepayment and extinguishment costs of $33 million on the condensed consolidated statement of cash flows for the six months ended June 26, 2021, which reflect the $34 million loss on extinguishment of debt adjusted for the non-cash write-off of unamortized debt issuance costs of $1 million. In June 2021, KHFC issued a notice of redemption of all of its 3.950% senior notes due July 2025, effective July 14, 2021 (the “Q3 2021 Debt Redemption”). Prior to the redemption, approximately $797 million aggregate principal amount was outstanding. These notes were included in the current portion of long-term debt on our condensed consolidated balance sheet at June 26, 2021. Our condensed consolidated financial statements as of June 26, 2021 do not reflect the extinguishment of these notes as it occurred in the third quarter of 2021. 2020 Debt Redemptions Concurrently with the commencement of the 2020 Tender Offer, KHFC issued a notice of conditional redemption of all of its $300 million outstanding aggregate principal amount of 3.375% senior notes due June 2021 and $976 million outstanding aggregate principal amount of 4.875% second lien senior notes due 2025 (the “2020 Debt Redemptions”). The 2020 Debt Redemptions were effective and completed in the second quarter of 2020. In connection with the 2020 Debt Redemptions, we recognized a loss on extinguishment of debt of $38 million within interest expense on the condensed consolidated statements of income for the three and six months ended June 27, 2020. This loss primarily reflects the payment of premiums and fees associated with the redemptions as well as the write-off of unamortized debt issuance costs. Related to the 2020 Debt Redemptions, we recognized debt prepayment and extinguishment costs of $33 million on the consolidated statement of cash flows for the six months ended June 27, 2020, which reflect the $38 million loss on extinguishment of debt adjusted for the non-cash write-off of unamortized debt issuance costs of $5 million. Debt Issuances: In May 2020, KHFC issued $1,350 million aggregate principal amount of 3.875% senior notes due May 2027, $1,350 million aggregate principal amount of 4.250% senior notes due March 2031, and $800 million aggregate principal amount of 5.500% senior notes due June 2050 (collectively, the “2020 Notes”). The 2020 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal, premium, and interest on a senior unsecured basis. We used the proceeds from the 2020 Notes to fund the 2020 Tender Offer and 2020 Debt Redemptions and to pay fees and expenses in connection therewith. Debt Issuance Costs: Debt issuance costs related to the 2020 Notes were $31 million. Debt Repayments: In February 2021, we repaid $111 million aggregate principal amount of senior notes that matured in the period. In February 2020, we repaid $405 million aggregate principal amount of senior notes that matured in the period. Fair Value of Debt: At June 26, 2021, the aggregate fair value of our total debt was $29.1 billion as compared with a carrying value of $25.2 billion. At December 26, 2020, the aggregate fair value of our total debt was $32.1 billion as compared with a carrying value of $28.3 billion. Our short-term debt had a carrying value that approximated its fair value at June 26, 2021 and December 26, 2020. 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)	6 Months Ended
	Jun. 26, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Our earnings per common share (“EPS”) were: For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 (in millions, except per share data) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ (27) $ (1,651) $ 536 $ (1,273) Weighted average shares of common stock outstanding 1,224 1,223 1,223 1,222 Net earnings/(loss) $ (0.02) $ (1.35) $ 0.44 $ (1.04) Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ (27) $ (1,651) $ 536 $ (1,273) Weighted average shares of common stock outstanding 1,224 1,223 1,223 1,222 Effect of dilutive equity awards — — 12 — Weighted average shares of common stock outstanding, including dilutive effect 1,224 1,223 1,235 1,222 Net earnings/(loss) $ (0.02) $ (1.35) $ 0.43 $ (1.04) We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. We had net losses attributable to common shareholders for the three months ended June 26, 2021 and for the three and six months ended June 27, 2020. Therefore, we have excluded the dilutive effects of equity awards for the three months ended June 26, 2021 and for the three and six months ended June 27, 2020 as their inclusion would have had an anti-dilutive effect on EPS. Anti-dilutive shares were 21 million for the three months and 7 million for the six months ended June 26, 2021 and 16 million for the three months and 15 million for the six months ended June 27, 2020.

Segment Reporting (Notes)

Segment Reporting (Notes)	6 Months Ended
	Jun. 26, 2021
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting We manage and report our operating results through three reportable segments defined by geographic region: United States, International, and Canada. 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), provision for/(benefit from) income taxes, and depreciation and amortization (excluding restructuring activities); in addition to these adjustments, we exclude, when they occur, the impacts of restructuring activities, deal 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, certain non-ordinary course legal and regulatory matters, and equity award compensation expense (excluding restructuring activities). 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 For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Net sales: United States $ 4,738 $ 4,917 $ 9,346 $ 9,412 International 1,413 1,305 2,807 2,606 Canada 464 426 856 787 Total net sales $ 6,615 $ 6,648 $ 13,009 $ 12,805 Segment Adjusted EBITDA was (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Segment Adjusted EBITDA: United States $ 1,374 $ 1,478 $ 2,654 $ 2,687 International 286 275 569 520 Canada 117 110 204 165 General corporate expenses (71) (64) (141) (158) Depreciation and amortization (excluding restructuring activities) (227) (247) (449) (490) Restructuring activities (19) (4) (37) (4) Deal costs 1 — (6) — Unrealized gains/(losses) on commodity hedges 2 26 39 (117) Impairment losses (113) (2,873) (343) (3,099) Certain non-ordinary course legal and regulatory matters (62) — (62) — Equity award compensation expense (excluding restructuring activities) (53) (40) (104) (73) Operating income/(loss) 1,235 (1,339) 2,324 (569) Interest expense 613 442 1,028 752 Other expense/(income) (23) (78) (53) (159) Income/(loss) before income taxes $ 645 $ (1,703) $ 1,349 $ (1,162) Net sales by platform were (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Taste Elevation $ 2,060 $ 1,843 $ 3,836 $ 3,482 Fast Fresh Meals 1,543 1,651 3,084 3,107 Easy Meals Made Better 1,104 1,198 2,305 2,426 Real Food Snacking 541 514 1,122 1,084 Flavorful Hydration 494 451 905 839 Easy Indulgent Desserts 252 272 464 449 Other 621 719 1,293 1,418 Total net sales $ 6,615 $ 6,648 $ 13,009 $ 12,805 Net sales by product category were (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Condiments and sauces $ 1,961 $ 1,753 $ 3,643 $ 3,334 Cheese and dairy 1,195 1,271 2,428 2,410 Ambient foods 637 721 1,335 1,437 Frozen and chilled foods 657 612 1,331 1,260 Meats and seafood 668 644 1,279 1,234 Refreshment beverages 498 454 909 843 Coffee 204 315 414 590 Infant and nutrition 119 112 226 225 Desserts, toppings and baking 282 302 524 506 Nuts and salted snacks 201 254 452 504 Other 193 210 468 462 Total net sales $ 6,615 $ 6,648 $ 13,009 $ 12,805

Other Financial Data (Notes)

Other Financial Data (Notes)	6 Months Ended
	Jun. 26, 2021
Other Income and Expenses [Abstract]
Other Financial Data	Other Financial Data Condensed Consolidated Statements of Income Information Other expense/(income) consists of the following (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Amortization of prior service costs/(credits) $ (1) $ (30) $ (3) $ (61) Net pension and postretirement non-service cost/(benefit) (a) (57) (43) (107) (86) Loss/(gain) on sale of business 46 — 65 2 Interest income (4) (8) (9) (17) Foreign exchange losses/(gains) 6 41 (30) 24 Derivative losses/(gains) (11) (45) 31 (27) Other miscellaneous expense/(income) (2) 7 — 6 Other expense/(income) $ (23) $ (78) $ (53) $ (159) (a) Excludes amortization of prior service costs/(credits). We present all non-service cost components of net pension cost/(benefit) and net postretirement cost/(benefit) within other expense/(income) on our condensed consolidated statements of income. See Note 11, Postemployment Benefits , for additional information on these components, including any curtailments and settlements, as well as information on our prior service credit amortization. See Note 4, Acquisitions and Divestitures , for additional information related to our loss/(gain) on sale of business. See Note 12, Financial Instruments , for information related to our derivative impacts. Other expense/(income) was $23 million of income for the three months ended June 26, 2021 compared to $78 million of income for the three months ended June 27, 2020. This change was primarily driven by a $46 million loss on sales of businesses in the second quarter of 2021, an $11 million net gain on derivative activities in the second quarter of 2021 compared to a $45 million net gain on derivative activities in the second quarter of 2020, and a $29 million decrease in amortization of prior service credits as compared to the prior year period. These impacts were partially offset by a $6 million net foreign exchange loss in the second quarter of 2021 compared to a $41 million net foreign exchange loss in the second quarter of 2020 and a $14 million increase in net pension and postretirement non-service benefits as compared to the prior year period. Other expense/(income) was $53 million of income for the six months ended June 26, 2021 compared to $159 million of income for the six months ended June 27, 2020. This change was primarily driven by a $65 million loss on sales of businesses in 2021 compared to a $2 million loss on sales of businesses in 2020, a $31 million net loss on derivative activities in 2021 compared to a $27 million net gain on derivative activities in 2020, and a $58 million decrease in amortization of prior service credits as compared to the prior year period. These impacts were partially offset by a $30 million net foreign exchange gain in 2021 compared to a $24 million net foreign exchange loss in 2020 and a $21 million increase in net pension and postretirement non-service benefits as compared to the prior year period.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 26, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period, Policy	We operate on a 52- or 53-week fiscal year ending on the last Saturday in December in each calendar year. Unless the context requires otherwise, references to years and quarters contained herein pertain to our fiscal years and fiscal quarters. Our 2021 fiscal year is scheduled to be a 52-week period ending on December 25, 2021, and the 2020 fiscal year was a 52-week period that ended on December 26, 2020.
Principles of Consolidation, Policy	Principles of Consolidation The condensed consolidated financial statements include Kraft Heinz and all of our controlled subsidiaries. All intercompany transactions are eliminated.
Reportable Segments, Policy	Reportable Segments We manage and report our operating results through three reportable segments defined by geographic region: United States, International, and Canada.
Use of Estimates, Policy	Use of Estimates We prepare our condensed consolidated financial statements in accordance with U.S. GAAP, which requires us to make accounting policy elections, estimates, and assumptions that affect the reported amount of assets, liabilities, reserves, and expenses. These accounting policy elections, estimates, and assumptions are based on our best estimates and judgments. We evaluate our policy elections, estimates, and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We believe these estimates to be reasonable given the current facts available. We adjust our policy elections, estimates, and assumptions when facts and circumstances dictate. Market volatility, including foreign currency exchange rates, increases the uncertainty inherent in our estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from estimates. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our condensed consolidated financial statements.
Reclassifications, Policy	Reclassifications We made reclassifications and adjustments to certain previously reported financial information to conform to our current period presentation. In the first quarter of 2021, we reclassified certain balances, which were previously reported in prepaid expenses, to inventories on our condensed consolidated balance sheets. Certain financial statement line items in our condensed consolidated balance sheet at December 26, 2020 and our condensed consolidated statement of cash flows for the six months ended June 27, 2020, were adjusted as necessary. See Note 7, Inventories , for additional information.

New Accounting Standards (Polic

New Accounting Standards (Policies)	6 Months Ended
	Jun. 26, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Standards	Accounting Standards Adopted in the Current Year Simplifying the Accounting for Income Taxes: In December 2019, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2019-12 to simplify the accounting in Accounting Standards Codification (“ASC”) 740, Income Taxes . This guidance removes certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax liabilities for outside basis differences. This guidance also clarifies and simplifies other areas of ASC 740. Certain amendments in this update must be applied on a prospective basis, certain amendments must be applied on a retrospective basis, and certain amendments must be applied on a modified retrospective basis through a cumulative-effect adjustment to retained earnings/(deficit) in the period of adoption. This ASU became effective in the first quarter of 2021. The adoption of this ASU did not impact our financial statements or the related disclosures.

Acquisitions and Divestitures_2

Acquisitions and Divestitures (Tables)	6 Months Ended
	Jun. 26, 2021
Business Combinations [Abstract]
Assets and Liabilities Held for Sale by Major Class	Our assets and liabilities held for sale, by major class, were (in millions): June 26, 2021 Cheese Transaction Other Total ASSETS Cash and cash equivalents $ — $ 31 $ 31 Inventories 367 12 379 Property, plant and equipment, net 254 14 268 Goodwill (net of impairment of $300) 281 — 281 Intangible assets, net 850 24 874 Other 5 18 23 Reserve for disposal groups (13) — (13) Total assets held for sale $ 1,744 $ 99 $ 1,843 LIABILITIES Other 6 5 11 Total liabilities held for sale $ 6 $ 5 $ 11 December 26, 2020 Cheese Transaction Other Total ASSETS Cash and cash equivalents $ — $ 33 $ 33 Inventories 373 12 385 Property, plant and equipment, net 243 14 257 Goodwill (net of impairment of $300) 281 — 281 Intangible assets, net 850 23 873 Other 10 24 34 Total assets held for sale $ 1,757 $ 106 $ 1,863 LIABILITIES Other 7 10 17 Total liabilities held for sale $ 7 $ 10 $ 17

Restructuring Activities (Table

Restructuring Activities (Tables)	6 Months Ended
	Jun. 26, 2021
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	Our net 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 Total Balance at December 26, 2020 $ 10 $ 20 $ 30 Charges/(credits) 6 — 6 Cash payments (13) (2) (15) Balance at June 26, 2021 $ 3 $ 18 $ 21
Restructuring Costs by Type and Income Statement Location	Total expense/(income) related to restructuring activities, by income statement caption, were (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Severance and employee benefit costs - Cost of products sold $ 1 $ (1) $ 4 $ — Severance and employee benefit costs - SG&A 1 (2) 2 (6) Asset-related costs - Cost of products sold — (2) — (2) Other costs - Cost of products sold — 1 — 1 Other costs - SG&A 17 8 31 11 $ 19 $ 4 $ 37 $ 4
Restructuring Costs Excluded from Segments	The pre-tax impact of allocating such expenses to our segments would have been (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 United States $ 1 $ 2 $ 2 $ 2 International 2 (1) 6 (2) Canada — 4 — 5 General corporate expenses 16 (1) 29 (1) $ 19 $ 4 $ 37 $ 4

Restricted Cash (Tables)

Restricted Cash (Tables)	6 Months Ended
	Jun. 26, 2021
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): June 26, 2021 December 26, 2020 Cash and cash equivalents $ 3,941 $ 3,417 Restricted cash included in other non-current assets 1 1 Cash, cash equivalents, and restricted cash $ 3,942 $ 3,418

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 26, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following (in millions): June 26, 2021 December 26, 2020 Packaging and ingredients $ 545 $ 482 Spare parts 212 219 Work in process 246 268 Finished products 1,817 1,804 Inventories $ 2,820 $ 2,773

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the Carrying Amount of Goodwill by Segment	Changes in the carrying amount of goodwill, by segment, were (in millions): United States International Canada Total Balance at December 26, 2020 $ 28,429 $ 3,160 $ 1,500 $ 33,089 Impairment losses (35) — — (35) Divestitures (1,653) — (9) (1,662) Translation adjustments and other 4 12 69 85 Balance at June 26, 2021 $ 26,745 $ 3,172 $ 1,560 $ 31,477
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 26, 2020 $ 42,267 Impairment losses (69) Divestitures (1,487) Translation adjustments 113 Balance at June 26, 2021 $ 40,824
Schedule of Definite-Lived Intangible Assets By Major Asset Class	Definite-lived intangible assets were (in millions): June 26, 2021 December 26, 2020 Gross Accumulated Net Gross Accumulated Net Trademarks $ 1,953 $ (510) $ 1,443 $ 2,000 $ (478) $ 1,522 Customer-related assets 3,639 (977) 2,662 3,808 (942) 2,866 Other 15 (3) 12 15 (3) 12 $ 5,607 $ (1,490) $ 4,117 $ 5,823 $ (1,423) $ 4,400

Employees' Stock Incentive Pl_2

Employees' Stock Incentive Plans (Tables)	6 Months Ended
	Jun. 26, 2021
Share-based Payment Arrangement [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 26, 2020 13,479,668 $ 43.71 Granted 980,222 37.09 Forfeited (362,553) 58.08 Exercised (1,622,199) 26.75 Outstanding at June 26, 2021 12,475,138 44.97
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 Outstanding at December 26, 2020 14,235,922 $ 31.32 Granted 3,037,371 36.75 Forfeited (820,231) 30.70 Vested (262,611) 74.99 Outstanding at June 26, 2021 16,190,451 31.66
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 Outstanding at December 26, 2020 7,778,710 $ 33.16 Granted 1,571,066 35.04 Forfeited (496,386) 43.03 Outstanding at June 26, 2021 8,853,390 32.94

Postemployment Benefits (Tables

Postemployment Benefits (Tables)	6 Months Ended
	Jun. 26, 2021
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 June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Service cost $ 1 $ 1 $ 4 $ 4 Interest cost 21 32 8 10 Expected return on plan assets (45) (53) (25) (25) Amortization of prior service costs/(credits) — — 1 — Amortization of unrecognized losses/(gains) — — 1 1 Settlements (6) — — — Special/contractual termination benefits (1) — — — Net pension cost/(benefit) $ (30) $ (20) $ (11) $ (10) For the Six Months Ended U.S. Plans Non-U.S. Plans June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Service cost $ 3 $ 3 $ 8 $ 8 Interest cost 43 65 15 19 Expected return on plan assets (90) (105) (48) (51) Amortization of prior service costs/(credits) — — 1 — Amortization of unrecognized losses/(gains) — — 1 1 Settlements (6) — — — Special/contractual termination benefits 3 — — — Net pension cost/(benefit) $ (47) $ (37) $ (23) $ (23)
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 For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Service cost $ 2 $ 1 $ 3 $ 3 Interest cost 5 9 10 17 Expected return on plan assets (12) (13) (24) (25) Amortization of prior service costs/(credits) (2) (30) (4) (61) Amortization of unrecognized losses/(gains) (4) (4) (8) (7) Curtailments (4) — (4) — Net postretirement cost/(benefit) $ (15) $ (37) $ (27) $ (73)

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 26, 2021
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): Notional Amount June 26, 2021 December 26, 2020 Commodity contracts $ 511 $ 384 Foreign exchange contracts 3,510 3,658 Cross-currency contracts 8,189 8,189
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): June 26, 2021 Quoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable Inputs Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (a) $ — $ — $ 9 $ 60 $ 9 $ 60 Cross-currency contracts (b) — — 338 432 338 432 Derivatives not designated as hedging instruments: Commodity contracts (c) 80 13 10 — 90 13 Foreign exchange contracts (a) — — 8 11 8 11 Cross-currency contracts (b) — — — 27 — 27 Total fair value $ 80 $ 13 $ 365 $ 530 $ 445 $ 543 (a) At June 26, 2021, the fair value of our derivative assets was recorded in other current assets ($13 million) and other non-current assets ($4 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($62 million) and other non-current liabilities ($9 million). (b) At June 26, 2021, the fair value of our derivative assets was recorded in other current assets ($74 million) and other non-current assets ($264 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($84 million) and other non-current liabilities ($375 million). (c) At June 26, 2021, the fair value of our derivative assets was recorded in other current assets, and the fair value of derivative liabilities was recorded in other current liabilities. December 26, 2020 Quoted Prices in Active Markets for Identical Assets and Liabilities Significant Other Observable Inputs Total Fair Value Assets Liabilities Assets Liabilities Assets Liabilities Derivatives designated as hedging instruments: Foreign exchange contracts (a) $ — $ — $ 9 $ 46 $ 9 $ 46 Cross-currency contracts (b) — — 298 333 298 333 Derivatives not designated as hedging instruments: Commodity contracts (c) 50 14 3 1 53 15 Foreign exchange contracts (a) — — 20 9 20 9 Total fair value $ 50 $ 14 $ 330 $ 389 $ 380 $ 403 (a) At December 26, 2020, the fair value of our derivative assets was recorded in other current assets ($28 million) and other non-current assets ($1 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($50 million) and other non-current liabilities ($5 million). (b) At December 26, 2020, the fair value of our derivative assets was recorded in other non-current assets, and the fair value of our derivative liabilities was recorded in other current liabilities ($41 million) and other non-current liabilities ($292 million). (c) At December 26, 2020, the fair value of our derivative assets was recorded in other current assets, and the fair value of our derivative liabilities was recorded in other current liabilities.
Derivative Impact on Statements of Other Comprehensive Income	The following table presents the pre-tax amounts of derivative gains/(losses) deferred into accumulated other comprehensive income/(losses) and the income statement line item that will be affected when reclassified to net income/(loss) (in millions): Accumulated Other Comprehensive Income/(Losses) Component Gains/(Losses) Recognized in Other Comprehensive Income/(Losses) Related to Derivatives Designated as Hedging Instruments Location of Gains/(Losses) When Reclassified to Net Income/(Loss) For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Cash flow hedges: Foreign exchange contracts $ — $ — $ (1) $ 1 Net sales Foreign exchange contracts (17) (23) (40) 49 Cost of products sold Foreign exchange contracts (excluded component) — — — (1) Cost of products sold Foreign exchange contracts — — — — Other expense/(income) Cross-currency contracts (17) 52 (32) 93 Other expense/(income) Cross-currency contracts (excluded component) 7 7 14 13 Other expense/(income) Cross-currency contracts (4) (3) (10) (3) Interest expense Net investment hedges: Foreign exchange contracts (1) — — 2 Other expense/(income) Foreign exchange contracts (excluded component) — — — (1) Interest expense Cross-currency contracts (53) (54) (67) 132 Other expense/(income) Cross-currency contracts (excluded component) 6 8 12 16 Interest expense Total gains/(losses) recognized in statements of comprehensive income $ (79) $ (13) $ (124) $ 301
Derivative Impact on Statements of Income	The following tables present the pre-tax amounts of derivative gains/(losses) reclassified from accumulated other comprehensive income/(losses) to net income/(loss) and the affected income statement line items (in millions): For the Three Months Ended June 26, 2021 June 27, 2020 Cost of products sold SG&A Interest expense Other expense/(income) Cost of products sold Interest expense Other expense/(income) Total amounts presented in the condensed consolidated statements of income in which the following effects were recorded $ 4,324 $ 1,056 $ 613 $ (23) $ 4,196 $ 442 $ (78) Gains/(losses) related to derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange contracts $ (12) $ (1) $ — $ — $ 10 $ — $ — Foreign exchange contracts (excluded component) (1) — — — — — — Interest rate contracts — — — — — (1) — Cross-currency contracts — — (4) 15 — (3) 38 Cross-currency contracts (excluded component) — — — 7 — — 7 Net investment hedges: Foreign exchange contracts (excluded component) — — 1 — — (1) — Cross-currency contracts (excluded component) — — 3 — — 7 — Gains/(losses) related to derivatives not designated as hedging instruments: Commodity contracts 44 — — — (14) — — Foreign exchange contracts — — — (15) — — — Cross-currency contracts — — — 4 — — — Total gains/(losses) recognized in statements of income $ 31 $ (1) $ — $ 11 $ (4) $ 2 $ 45 For the Six Months Ended June 26, 2021 June 27, 2020 Cost of products sold SG&A Interest expense Other expense/(income) Cost of products sold Interest expense Other expense/(income) Total amounts presented in the condensed consolidated statements of income in which the following effects were recorded $ 8,517 $ 2,168 $ 1,028 $ (53) $ 8,495 $ 752 $ (159) Gains/(losses) related to derivatives designated as hedging instruments: Cash flow hedges: Foreign exchange contracts $ (19) $ (1) $ — $ — $ 11 $ — $ — Foreign exchange contracts (excluded component) (1) — — — — — — Interest rate contracts — — — — — (2) — Cross-currency contracts — — (10) (28) — (3) 41 Cross-currency contracts (excluded component) — — — 13 — — 14 Net investment hedges: Foreign exchange contracts (excluded component) — — 1 — — (1) — Cross-currency contracts (excluded component) — — 7 — — 15 — Gains/(losses) related to derivatives not designated as hedging instruments: Commodity contracts 94 — — — (164) — — Foreign exchange contracts — — — (20) — — (28) Cross-currency contracts — — — 4 — — — Total gains/(losses) recognized in statements of income $ 74 $ (1) $ (2) $ (31) $ (153) $ 9 $ 27

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income/(Losses) (Tables) - AOCI Attributable to Parent	6 Months Ended
	Jun. 26, 2021
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 26, 2020 $ (2,218) $ 158 $ 93 $ (1,967) Foreign currency translation adjustments 251 — — 251 Net deferred gains/(losses) on net investment hedges (44) — — (44) Amounts excluded from the effectiveness assessment of net investment hedges 10 — — 10 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (6) — — (6) Net deferred gains/(losses) on cash flow hedges — — (64) (64) Amounts excluded from the effectiveness assessment of cash flow hedges — — 14 14 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) — — 26 26 Net actuarial gains/(losses) arising during the period — 73 — 73 Net postemployment benefit losses/(gains) reclassified to net income/(loss) — (13) — (13) Total other comprehensive income/(loss) 211 60 (24) 247 Balance as of June 26, 2021 $ (2,007) $ 218 $ 69 $ (1,720)
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 June 26, 2021 June 27, 2020 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 190 $ — $ 190 $ 174 $ — $ 174 Net deferred gains/(losses) on net investment hedges (67) 18 (49) (23) 6 (17) Amounts excluded from the effectiveness assessment of net investment hedges 6 (1) 5 8 3 11 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (4) 1 (3) (6) 1 (5) Net deferred gains/(losses) on cash flow hedges (38) 3 (35) 26 9 35 Amounts excluded from the effectiveness assessment of cash flow hedges 7 — 7 7 — 7 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) (4) 3 (1) (51) — (51) Net actuarial gains/(losses) arising during the period 95 (24) 71 — — — Net postemployment benefit losses/(gains) reclassified to net income/(loss) (9) 2 (7) (33) 9 (24) For the Six Months Ended June 26, 2021 June 27, 2020 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 251 $ — $ 251 $ (602) $ — $ (602) Net deferred gains/(losses) on net investment hedges (62) 18 (44) 199 (50) 149 Amounts excluded from the effectiveness assessment of net investment hedges 12 (2) 10 15 1 16 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (8) 2 (6) (14) 3 (11) Net deferred gains/(losses) on cash flow hedges (83) 19 (64) 140 (4) 136 Amounts excluded from the effectiveness assessment of cash flow hedges 14 — 14 12 — 12 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) 46 (20) 26 (61) — (61) Net actuarial gains/(losses) arising during the period 98 (25) 73 — — — Net postemployment benefit losses/(gains) reclassified to net income/(loss) (16) 3 (13) (67) 18 (49)
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) to Net Income/(Loss) Affected Line Item in the Statements of Income For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Losses/(gains) on net investment hedges: Foreign exchange contracts (a) $ (1) $ 1 $ (1) $ 1 Interest expense Cross-currency contracts (a) (3) (7) (7) (15) Interest expense Losses/(gains) on cash flow hedges: Foreign exchange contracts (b) 13 (10) 20 (11) Cost of products sold Foreign exchange contracts (b) 1 — 1 — SG&A Cross-currency contracts (b) (22) (45) 15 (55) Other expense/(income) Cross-currency contracts (b) 4 3 10 3 Interest expense Interest rate contracts (c) — 1 — 2 Interest expense Losses/(gains) on hedges before income taxes (8) (57) 38 (75) Losses/(gains) on hedges, income taxes 4 1 (18) 3 Losses/(gains) on hedges $ (4) $ (56) $ 20 $ (72) Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) (d) $ (3) $ (3) $ (7) $ (6) Amortization of prior service costs/(credits) (d) (1) (30) (3) (61) Settlement and curtailment losses/(gains) (d) (5) — (6) — Losses/(gains) on postemployment benefits before income taxes (9) (33) (16) (67) Losses/(gains) on postemployment benefits, income taxes 2 9 3 18 Losses/(gains) on postemployment benefits $ (7) $ (24) $ (13) $ (49) (a) Represents recognition of the excluded component in net income/(loss). (b) Includes amortization of the excluded component and the effective portion of the related hedges. (c) Represents amortization of realized hedge losses that were deferred into accumulated other comprehensive income/(losses) through the maturity of the related long-term debt instruments. (d) These components are included in the computation of net periodic postemployment benefit costs. See Note 11, Postemployment Benefits , for additional information.

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	6 Months Ended
	Jun. 26, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Debt	The table below summarizes our aggregate principal amount of long-term debt outstanding, excluding financing leases, before and after our current year debt transactions, specifically tender offers, debt redemptions, open-market repurchases, and debt repayments (in millions): Aggregate Principal Amount Outstanding as of December 26, 2020 Tender Offers Open Market Debt Repurchases Debt Redemptions Debt Repayments Aggregate Principal Amount Outstanding as of June 26, 2021 3.500% senior notes due June 2022 (a) $ 631 $ — $ — $ — $ — $ 631 4.000% senior notes due June 2023 (a)(d) 447 — — 447 — — 3.950% senior notes due July 2025 (a)(f) 1,609 812 — — — 797 3.000% senior notes due June 2026 (a)(c) 2,000 88 36 — — 1,876 6.375% senior notes due July 2028 (b) 235 17 — — — 218 4.625% senior notes due January 2029 (b)(c) 1,100 345 4 — — 751 3.750% senior notes due April 2030 (b)(c) 1,000 254 3 — — 743 6.750% senior notes due March 2032 (b) 437 66 — — — 371 5.000% senior notes due July 2035 (b)(c) 1,000 187 8 — — 805 6.875% senior notes due January 2039 (b)(c) 878 29 10 — — 839 7.125% senior notes due August 2039 (b)(c) 931 51 4 — — 876 4.625% senior notes due October 2039 (b) 500 101 — — — 399 6.500% senior notes due February 2040 (b)(c) 788 39 15 — — 734 5.000% senior notes due June 2042 (b)(c) 2,000 334 7 — — 1,659 5.200% senior notes due July 2045 (c) 2,000 — 56 — — 1,944 4.375% senior notes due June 2046 (c) 3,000 — 64 — — 2,936 Floating rate senior notes due February 2021 (e) 111 — — — 111 — Other long-term debt (g) 9,226 — — — — 9,176 Total $ 27,893 $ 2,323 $ 207 $ 447 $ 111 $ 24,755 (a) Included in the Q1 2021 Tender Offer (defined below). (b) Included in the Q2 2021 Tender Offers (defined below). (c) Included in the Q2 2021 Repurchases (defined below). (d) Included in the Q2 2021 Debt Redemption (defined below). (e) Repaid in February 2021 at maturity. (f) The remaining aggregate principal balance of these senior notes was redeemed in the Q3 2021 Debt Redemption (defined below) in July 2021. (g) Represents the aggregate principal amount of all of our long-term debt obligations, excluding finance leases, that were not impacted by current year debt transactions. Foreign-denominated long-term debt is reflected at the foreign currency exchange rate in effect at each period end.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 26, 2021
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 For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 (in millions, except per share data) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ (27) $ (1,651) $ 536 $ (1,273) Weighted average shares of common stock outstanding 1,224 1,223 1,223 1,222 Net earnings/(loss) $ (0.02) $ (1.35) $ 0.44 $ (1.04) Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ (27) $ (1,651) $ 536 $ (1,273) Weighted average shares of common stock outstanding 1,224 1,223 1,223 1,222 Effect of dilutive equity awards — — 12 — Weighted average shares of common stock outstanding, including dilutive effect 1,224 1,223 1,235 1,222 Net earnings/(loss) $ (0.02) $ (1.35) $ 0.43 $ (1.04)

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 26, 2021
Segment Reporting [Abstract]
Net Sales by Segment	Net sales by segment were (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Net sales: United States $ 4,738 $ 4,917 $ 9,346 $ 9,412 International 1,413 1,305 2,807 2,606 Canada 464 426 856 787 Total net sales $ 6,615 $ 6,648 $ 13,009 $ 12,805
Segment Adjusted EBITDA	Segment Adjusted EBITDA was (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Segment Adjusted EBITDA: United States $ 1,374 $ 1,478 $ 2,654 $ 2,687 International 286 275 569 520 Canada 117 110 204 165 General corporate expenses (71) (64) (141) (158) Depreciation and amortization (excluding restructuring activities) (227) (247) (449) (490) Restructuring activities (19) (4) (37) (4) Deal costs 1 — (6) — Unrealized gains/(losses) on commodity hedges 2 26 39 (117) Impairment losses (113) (2,873) (343) (3,099) Certain non-ordinary course legal and regulatory matters (62) — (62) — Equity award compensation expense (excluding restructuring activities) (53) (40) (104) (73) Operating income/(loss) 1,235 (1,339) 2,324 (569) Interest expense 613 442 1,028 752 Other expense/(income) (23) (78) (53) (159) Income/(loss) before income taxes $ 645 $ (1,703) $ 1,349 $ (1,162)
Net Sales by Platform	Net sales by platform were (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Taste Elevation $ 2,060 $ 1,843 $ 3,836 $ 3,482 Fast Fresh Meals 1,543 1,651 3,084 3,107 Easy Meals Made Better 1,104 1,198 2,305 2,426 Real Food Snacking 541 514 1,122 1,084 Flavorful Hydration 494 451 905 839 Easy Indulgent Desserts 252 272 464 449 Other 621 719 1,293 1,418 Total net sales $ 6,615 $ 6,648 $ 13,009 $ 12,805
Net Sales by Product Category	Net sales by product category were (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Condiments and sauces $ 1,961 $ 1,753 $ 3,643 $ 3,334 Cheese and dairy 1,195 1,271 2,428 2,410 Ambient foods 637 721 1,335 1,437 Frozen and chilled foods 657 612 1,331 1,260 Meats and seafood 668 644 1,279 1,234 Refreshment beverages 498 454 909 843 Coffee 204 315 414 590 Infant and nutrition 119 112 226 225 Desserts, toppings and baking 282 302 524 506 Nuts and salted snacks 201 254 452 504 Other 193 210 468 462 Total net sales $ 6,615 $ 6,648 $ 13,009 $ 12,805

Other Financial Data (Tables)

Other Financial Data (Tables)	6 Months Ended
	Jun. 26, 2021
Other Income and Expenses [Abstract]
Schedule of Other Expense/(Income)	Other expense/(income) consists of the following (in millions): For the Three Months Ended For the Six Months Ended June 26, 2021 June 27, 2020 June 26, 2021 June 27, 2020 Amortization of prior service costs/(credits) $ (1) $ (30) $ (3) $ (61) Net pension and postretirement non-service cost/(benefit) (a) (57) (43) (107) (86) Loss/(gain) on sale of business 46 — 65 2 Interest income (4) (8) (9) (17) Foreign exchange losses/(gains) 6 41 (30) 24 Derivative losses/(gains) (11) (45) 31 (27) Other miscellaneous expense/(income) (2) 7 — 6 Other expense/(income) $ (23) $ (78) $ (53) $ (159) (a) Excludes amortization of prior service costs/(credits).

Basis of Presentation (Details)

Basis of Presentation (Details)	6 Months Ended
	Jun. 26, 2021segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

Acquisitions and Divestitures A

Acquisitions and Divestitures Additional Information (Details) $ in Millions	1 Months Ended		3 Months Ended					6 Months Ended		9 Months Ended
	Jun. 26, 2021USD ($)employee	Oct. 31, 2018third-party	Jun. 26, 2021USD ($)employee	Mar. 27, 2021USD ($)	Sep. 26, 2020USD ($)manufacturingFacilities	Jun. 27, 2020USD ($)	Mar. 28, 2020USD ($)	Jun. 26, 2021USD ($)employee	Jun. 27, 2020USD ($)	Sep. 26, 2020USD ($)manufacturingFacilities	Feb. 10, 2021USD ($)manufacturingFacilities	Dec. 26, 2020USD ($)	Sep. 15, 2020USD ($)	Jan. 30, 2019USD ($)
Business Acquisition [Line Items]
Deal costs			$ (1)			$ 0		$ 6	$ 0
Goodwill impairment losses			35			1,817		265	2,043
Gains/(losses) on sale of business								(65)	(2)
Consideration related to perpetual licenses	$ 874		874					874				$ 873
Disposal Group, impairment of goodwill in Disposal Group	300		300					300				300
Discontinued Operations, Disposed of by Sale
Business Acquisition [Line Items]
Deal costs						0		0
Nuts Transaction
Business Acquisition [Line Items]
Gains/(losses) on sale of business			17					36
Nuts Transaction | Disposal Group, held-for-sale, not discontinued operations
Business Acquisition [Line Items]
Consideration received on sale of assets											$ 3,400
Number of manufacturing facilities | manufacturingFacilities											3
Disposal Group, Including Discontinued Operations, Net Assets											$ 3,400
Goodwill impairment losses				$ 230
Gains/(losses) on sale of business				$ 19
Cheese Transaction | Disposal Group, held-for-sale, not discontinued operations
Business Acquisition [Line Items]
Consideration received on sale of assets					$ 3,340					$ 3,340
Number of manufacturing facilities | manufacturingFacilities					3					3
Proceeds from sale of business										$ 3,200
Consideration related to perpetual licenses	1,590		1,590					1,590
Consideration related to net assets, excluding intangible assets	1,750		1,750					1,750					$ 1,780
Number of distribution centers | manufacturingFacilities					1					1
Cheese Transaction
Business Acquisition [Line Items]
Gains/(losses) on sale of business			27
Consideration related to perpetual licenses	$ 850		850					$ 850				$ 850
Cheese Transaction | Disposal Group, held-for-sale, not discontinued operations
Business Acquisition [Line Items]
Goodwill impairment losses					$ 300
Consideration related to perpetual licenses					$ 140					$ 140
Indefinite-lived intangible asset impairment, if recorded			$ 1,330
First potential disposition | Disposal Group, held-for-sale, not discontinued operations
Business Acquisition [Line Items]
Number of businesses to be disposed of | employee	1		1					1
Second potential disposition | Disposal Group, held-for-sale, not discontinued operations
Business Acquisition [Line Items]
Gains/(losses) on sale of business							$ (3)
Heinz India
Business Acquisition [Line Items]
Number of third-parties | third-party		2
Sale of stock, percentage of ownership before transaction		100.00%
Tax indemnity liabilities														$ 48
Other adjustments, Heinz India transaction							$ 1	$ 0
Assan Foods Acquisition
Business Acquisition [Line Items]
Total consideration paid	$ 70
Debt assumed in acquisition	$ 30
Acquisitions
Business Acquisition [Line Items]
Deal costs						$ 0			$ 0

Acquisitions and Divestitures_3

Acquisitions and Divestitures Assets and Liabilities Held for Sale by Major Class (Details) - USD ($) $ in Millions	Jun. 26, 2021	Dec. 26, 2020
Business Acquisition [Line Items]
Cash and cash equivalents	$ 31	$ 33
Inventories	379	385
Property, plant and equipment, net	268	257
Goodwill, net of Impairment	281	281
Intangible assets, net	874	873
Other	(23)	(34)
Reserve for disposal groups	(13)
Total assets held for sale	1,843	1,863
Other	11	17
Total liabilities held for sale	11	17
Disposal Group, impairment of goodwill in Disposal Group	(300)	(300)
Cheese Transaction
Business Acquisition [Line Items]
Cash and cash equivalents	0	0
Inventories	367	373
Property, plant and equipment, net	254	243
Goodwill, net of Impairment	281	281
Intangible assets, net	850	850
Other	(5)	(10)
Reserve for disposal groups	(13)
Total assets held for sale	1,744	1,757
Other	6	7
Total liabilities held for sale	6	7
Other
Business Acquisition [Line Items]
Cash and cash equivalents	31	33
Inventories	12	12
Property, plant and equipment, net	14	14
Goodwill, net of Impairment	0	0
Intangible assets, net	24	23
Other	(18)	(24)
Reserve for disposal groups	0
Total assets held for sale	99	106
Other	5	10
Total liabilities held for sale	$ 5	$ 10

Restructuring Activities Additi

Restructuring Activities Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021USD ($)	Jun. 27, 2020USD ($)	Jun. 26, 2021USD ($)employee	Jun. 27, 2020USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	$ 19	$ 4	$ 37	$ 4
Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, number of positions eliminated | employee			350
Restructuring and related cost, expected number of positions eliminated | employee			10
Restructuring and related cost, incurred cost (credit)	19	$ 4	$ 37	$ 4
Restructuring Activities | Severance and Employee Benefit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	2		6
Restructuring Activities | Other Implementation Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	$ 17		$ 31

Restructuring Activities Restru

Restructuring Activities Restructuring Reserve Roll-forward (Details) - Restructuring Activities $ in Millions	6 Months Ended
	Jun. 26, 2021USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 30
Charges/(credits)	6
Cash payments	(15)
Ending balance	21
Severance and Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning balance	10
Charges/(credits)	6
Cash payments	(13)
Ending balance	3
Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning balance	20
Charges/(credits)	0
Cash payments	(2)
Ending balance	$ 18

Restructuring Activities Rest_2

Restructuring Activities Restructuring Costs by Type and Income Statement Location (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	$ 19	$ 4	$ 37	$ 4
Severance and Employee Benefit Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	1	(1)	4	0
Severance and Employee Benefit Costs | SG&A
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	1	(2)	2	(6)
Asset-Related Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	0	(2)	0	(2)
Other Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	0	1	0	1
Other Costs | SG&A
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	$ 17	$ 8	$ 31	$ 11

Restructuring Activities Rest_3

Restructuring Activities Restructuring Costs Excluded from Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	$ 19	$ 4	$ 37	$ 4
General corporate expenses
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	16	(1)	29	(1)
United States | Operating Segments
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	1	2	2	2
International | Operating Segments
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	2	(1)	6	(2)
Canada | Operating Segments
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	$ 0	$ 4	$ 0	$ 5

Restricted Cash Reconciliation

Restricted Cash Reconciliation from Cash and Cash Equivalents to Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Jun. 26, 2021	Dec. 26, 2020	Jun. 27, 2020	Dec. 28, 2019
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	$ 3,941	$ 3,417
Restricted cash included in other non-current assets	1	1
Cash, cash equivalents, and restricted cash	$ 3,942	$ 3,418	$ 2,813	$ 2,280

Inventories Components of Inven

Inventories Components of Inventories (Details) - USD ($) $ in Millions	Jun. 26, 2021	Dec. 26, 2020
Inventory Disclosure [Abstract]
Packaging and ingredients	$ 545	$ 482
Spare parts	212	219
Work in process	246	268
Finished products	1,817	1,804
Inventories	$ 2,820	$ 2,773

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets Changes in the Carrying Amount of Goodwill by Segment (Details) $ in Millions	6 Months Ended
	Jun. 26, 2021USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 33,089
Impairment losses	(35)
Divestitures	(1,662)
Translation adjustments and other	85
Ending balance	31,477
United States
Goodwill [Roll Forward]
Beginning balance	28,429
Impairment losses	(35)
Divestitures	(1,653)
Translation adjustments and other	4
Ending balance	26,745
International
Goodwill [Roll Forward]
Beginning balance	3,160
Impairment losses	0
Divestitures	0
Translation adjustments and other	12
Ending balance	3,172
Canada
Goodwill [Roll Forward]
Beginning balance	1,500
Impairment losses	0
Divestitures	(9)
Translation adjustments and other	69
Ending balance	$ 1,560

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Additional Information (Details) $ in Millions	Dec. 29, 2019goodwill_reporting_unit	Jun. 26, 2021USD ($)goodwill_reporting_unit	Mar. 27, 2021USD ($)	Jun. 27, 2020USD ($)Brand	Mar. 28, 2020USD ($)	Jun. 26, 2021USD ($)goodwill_reporting_unit	Jun. 27, 2020USD ($)	Mar. 28, 2021USD ($)	Dec. 26, 2020USD ($)	Mar. 29, 2020USD ($)
Goodwill [Line Items]
Impairment losses		$ 35		$ 1,817		$ 265	$ 2,043
Reclassified to assets held for sale						$ (1,662)
Number of reporting units | goodwill_reporting_unit						14
Goodwill		31,477				$ 31,477			$ 33,089
Goodwill, impaired, accumulated impairment loss		(10,800)				(10,800)
Impairment losses				(1,100)		(69)
Indefinite-lived intangible assets		40,824				40,824			42,267
Amortization of intangible assets		59		68		119	$ 136
Definite-lived intangible assets, impairment						9
Finite-lived Intangible Assets Acquired						2
Amortization of definite-lived intangible assets, year four		239				239
Amortization of definite-lived intangible assets, year five		239				239
Amortization of definite-lived intangible assets, year two		239				239
Amortization of definite-lived intangible assets, year three		239				239
Amortization of definite-lived intangible assets, next twelve months		239				239
Customer-related assets
Goodwill [Line Items]
Finite-lived intangible assets reclassified to held for sale						133
Trademarks
Goodwill [Line Items]
Finite-lived intangible assets reclassified to held for sale						25
Maxwell House
Goodwill [Line Items]
Impairment losses				(140)
Plasmon and Maxwell House
Goodwill [Line Items]
Indefinite-lived intangible assets					$ 822					$ 753
Oscar Mayer
Goodwill [Line Items]
Impairment losses				$ (626)
Velveeta, Cool Whip, Plasmon, ABC, Classico, Wattie's, and Planters
Goodwill [Line Items]
Number of reporting units | Brand				7
Impairment losses				$ (290)
Puerto Rico
Goodwill [Line Items]
Impairment losses		35
Goodwill		14				$ 14
Reporting unit, goodwill balance held
Goodwill [Line Items]
Number of reporting units				9		9
Reporting unit, goodwill balance held | 20% or less
Goodwill [Line Items]
Number of reporting units | goodwill_reporting_unit						6
Goodwill		28,300				$ 28,300
Reporting unit, goodwill balance held | 20 to 50%
Goodwill [Line Items]
Number of reporting units | goodwill_reporting_unit						2
Goodwill		2,200				$ 2,200
Reporting unit, goodwill balance held | In Excess of 50%
Goodwill [Line Items]
Number of reporting units | goodwill_reporting_unit						1
Goodwill		$ 961				$ 961
Four Reporting Units
Goodwill [Line Items]
Number of reporting units | goodwill_reporting_unit		4
Four Reporting Units | 20% or less
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount		20.00%				20.00%
Four Reporting Units | 20 to 50% | Minimum
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount		20.00%				20.00%
Four Reporting Units | 20 to 50% | Maximum
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount		50.00%				50.00%
Reporting Unit Nine | In Excess of 50%
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount		50.00%				50.00%
Post-reorganization, number of reporting units for impairment test
Goodwill [Line Items]
Number of reporting units | goodwill_reporting_unit	6
Reporting unit, fair value below carrying amount
Goodwill [Line Items]
Impairment losses				$ 1,800	226
Impaired Brands | 20% or less
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount								20.00%
Indefinite-lived intangible assets								$ 22,500
Impaired Brands | 20 to 50%
Goodwill [Line Items]
Indefinite-lived intangible assets										6,500
Impaired Brands | 20 to 50% | Minimum
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount								20.00%
Impaired Brands | 20 to 50% | Maximum
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount								50.00%
Impaired Brands | In Excess of 50%
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount								50.00%
Indefinite-lived intangible assets										$ 11,800
United States
Goodwill [Line Items]
Reclassified to assets held for sale						$ (1,653)
Goodwill		$ 26,745				26,745			28,429
Impairment losses				(949)
United States | Maxwell House
Goodwill [Line Items]
Impairment losses						(24)
United States | U.S. Foodservice
Goodwill [Line Items]
Impairment losses				655
International
Goodwill [Line Items]
Reclassified to assets held for sale						0
Goodwill		3,172				3,172			3,160
Number of reporting units requiring impairment | goodwill_reporting_unit	2
Impairment losses				(100)
International | Plasmon
Goodwill [Line Items]
Impairment losses						(45)
International | Australia, New Zealand, and Japan
Goodwill [Line Items]
Impairment losses					83
International | Latin America
Goodwill [Line Items]
Impairment losses					$ 143
International | EMEA East
Goodwill [Line Items]
Impairment losses				142
Canada
Goodwill [Line Items]
Reclassified to assets held for sale						(9)
Goodwill		1,560				1,560			$ 1,500
Impairment losses				(7)
Canada | Canada Retail
Goodwill [Line Items]
Impairment losses				815
Canada | Canada Foodservice
Goodwill [Line Items]
Impairment losses				$ 205
Goodwill		$ 157				$ 157
Disposal Group, held-for-sale, not discontinued operations | Nuts Transaction
Goodwill [Line Items]
Impairment losses			$ 230

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Changes in the Carrying Amount of Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 27, 2020	Jun. 26, 2021
Indefinite-lived Intangible Assets [Roll Forward]
Beginning balance		$ 42,267
Impairment losses	$ (1,100)	(69)
Divestitures		(1,487)
Translation adjustments		113
Ending balance		$ 40,824

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets Definite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Jun. 26, 2021	Dec. 26, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	$ 5,607	$ 5,823
Accumulated Amortization	(1,490)	(1,423)
Net	4,117	4,400
Trademarks
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	1,953	2,000
Accumulated Amortization	(510)	(478)
Net	1,443	1,522
Customer-related assets
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	3,639	3,808
Accumulated Amortization	(977)	(942)
Net	2,662	2,866
Other
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	15	15
Accumulated Amortization	(3)	(3)
Net	$ 12	$ 12

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Dec. 25, 2021	Jun. 26, 2021	Jun. 27, 2020	Dec. 26, 2020
Income Tax Contingency [Line Items]
Effective tax rate	104.00%	3.00%		59.80%	(9.40%)
Effective Income Tax Rate Reconciliation, Related to Acquisitions and Divestitures, Percent	46.00%			22.40%
Effective Income Tax Rate Reconciliation, Deferred Tax Effect of Tax Law Changes, Percent	35.40%			15.60%
Effective tax rate, non-deductible goodwill impairments, percent		23.80%		5.20%	39.20%
Deferred income taxes	$ (11,377)			$ (11,377)		$ (11,462)
Provision for/(benefit from) income taxes	670	$ (51)		806	$ 109
Nuts Transaction | Forecast
Income Tax Contingency [Line Items]
Provision for/(benefit from) income taxes			$ 700
Nuts Transaction | Reclassification, Other
Income Tax Contingency [Line Items]
Deferred income taxes	435			435
Accrued Income Taxes	$ 435			$ 435

Employees' Stock Incentive Pl_3

Employees' Stock Incentive Plans Schedule of Stock Option Activity and Related Information (Details)	6 Months Ended
	Jun. 26, 2021$ / sharesshares
Number of Stock Options
Beginning balance (in shares) | shares	13,479,668
Granted (in shares) | shares	980,222
Forfeited (in shares) | shares	(362,553)
Exercised (in shares) | shares	(1,622,199)
Ending balance (in shares) | shares	12,475,138
Weighted Average Exercise Price (per share)
Options outstanding at period start, weighted average exercise price (in dollars per share) | $ / shares	$ 43.71
Options granted, weighted average exercise price (in dollars per share) | $ / shares	37.09
Options forfeited, weighted average exercise price (in dollars per share) | $ / shares	58.08
Options exercised, weighted average exercise price (in dollars per share) | $ / shares	26.75
Options outstanding at period end, weighted average exercise price (in dollars per share) | $ / shares	$ 44.97

Employees' Stock Incentive Pl_4

Employees' Stock Incentive Plans Additional Information (Details) $ in Millions	6 Months Ended
	Jun. 26, 2021USD ($)
Share-based Payment Arrangement [Abstract]
Options, exercises in period, intrinsic value	$ 19
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, vested in period, fair value	$ 10

Employees' Stock Incentive Pl_5

Employees' Stock Incentive Plans Schedule of RSU Activity and Related Information (Details) - RSUs	6 Months Ended
	Jun. 26, 2021$ / sharesshares
Number of Units
Beginning balance (in shares) | shares	14,235,922
Granted (in shares) | shares	3,037,371
Forfeited (in shares) | shares	(820,231)
Vested (in shares) | shares	(262,611)
Ending balance (in shares) | shares	16,190,451
Weighted Average Grant Date Fair Value (per share)
Outstanding at period start, weighted average grant date fair value (in dollars per share) | $ / shares	$ 31.32
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	36.75
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	30.70
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	74.99
Outstanding at period end, weighted average grant date fair value (in dollars per share) | $ / shares	$ 31.66

Employees' Stock Incentive Pl_6

Employees' Stock Incentive Plans Schedule of PSU Activity and Related Information (Details) - PSUs	6 Months Ended
	Jun. 26, 2021$ / sharesshares
Number of Units
Beginning balance (in shares) | shares	7,778,710
Granted (in shares) | shares	1,571,066
Forfeited (in shares) | shares	(496,386)
Ending balance (in shares) | shares	8,853,390
Weighted Average Grant Date Fair Value (per share)
Outstanding at period start, weighted average grant date fair value (in dollars per share) | $ / shares	$ 33.16
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	35.04
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	43.03
Outstanding at period end, weighted average grant date fair value (in dollars per share) | $ / shares	$ 32.94

Postemployment Benefits Pension

Postemployment Benefits Pension Plans - Net Cost/(Benefit) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Defined Benefit Plan Disclosure [Line Items]
Amortization of prior service costs/(credits)	$ (1)	$ (30)	$ (3)	$ (61)
Pension Plans | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1	3	3
Interest cost	21	32	43	65
Expected return on plan assets	(45)	(53)	(90)	(105)
Amortization of prior service costs/(credits)	0	0	0	0
Amortization of unrecognized losses/(gains)	0	0	0	0
Settlements	(6)	0	(6)	0
Special/contractual termination benefits	(1)	0	3	0
Net postretirement cost/(benefit)	(30)	(20)	(47)	(37)
Pension Plans | Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	4	4	8	8
Interest cost	8	10	15	19
Expected return on plan assets	(25)	(25)	(48)	(51)
Amortization of prior service costs/(credits)	1	0	1	0
Amortization of unrecognized losses/(gains)	1	1	1	1
Settlements	0	0	0	0
Special/contractual termination benefits	0	0	0	0
Net postretirement cost/(benefit)	$ (11)	$ (10)	$ (23)	$ (23)

Postemployment Benefits - Addit

Postemployment Benefits - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Pension Plans | U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Special/contractual termination benefits	$ (1,000,000)	$ 0	$ 3,000,000	$ 0
Employer contributions			0
Estimated future employer contributions	0		0
Pension Plans | Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Special/contractual termination benefits	0	0	0	0
Employer contributions			8,000,000
Estimated future employer contributions	6,000,000		6,000,000
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions			6,000,000
Estimated future employer contributions	8,000,000		8,000,000
Curtailments	$ 4,000,000	$ 0	$ 4,000,000	$ 0

Postemployment Benefits Postret

Postemployment Benefits Postretirement Benefit Plans - Net Cost/(Benefit) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Defined Benefit Plan Disclosure [Line Items]
Amortization of prior service costs/(credits)	$ (1)	$ (30)	$ (3)	$ (61)
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	2	1	3	3
Interest cost	5	9	10	17
Expected return on plan assets	(12)	(13)	(24)	(25)
Amortization of prior service costs/(credits)	(2)	(30)	(4)	(61)
Amortization of unrecognized losses/(gains)	(4)	(4)	(8)	(7)
Curtailments	(4)	0	(4)	0
Net postretirement cost/(benefit)	$ (15)	$ (37)	$ (27)	$ (73)

Financial Instruments Schedule

Financial Instruments Schedule of Notional Values of Outstanding Derivatives (Details) - USD ($) $ in Millions	Jun. 26, 2021	Dec. 26, 2020
Commodity contracts
Derivative [Line Items]
Derivative, notional amount	$ 511	$ 384
Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	3,510	3,658
Cross-currency contracts
Derivative [Line Items]
Derivative, notional amount	$ 8,189	$ 8,189

Financial Instruments Schedul_2

Financial Instruments Schedule of Derivative Fair Values (Details) - USD ($) $ in Millions	Jun. 26, 2021	Dec. 26, 2020
Derivatives Fair Value [Line Items]
Assets	$ 445	$ 380
Liabilities	543	403
Foreign exchange contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	9	9
Liabilities	60	46
Foreign exchange contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	8	20
Liabilities	11	9
Cross-currency contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	338	298
Liabilities	432	333
Cross-currency contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	0
Liabilities	27
Commodity contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	90	53
Liabilities	13	15
Level 1
Derivatives Fair Value [Line Items]
Assets	80	50
Liabilities	13	14
Level 1 | Foreign exchange contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	0	0
Liabilities	0	0
Level 1 | Foreign exchange contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	0	0
Liabilities	0	0
Level 1 | Cross-currency contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	0	0
Liabilities	0	0
Level 1 | Cross-currency contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	0
Liabilities	0
Level 1 | Commodity contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	80	50
Liabilities	13	14
Level 2
Derivatives Fair Value [Line Items]
Assets	365	330
Liabilities	530	389
Level 2 | Foreign exchange contracts | Other current assets
Derivatives Fair Value [Line Items]
Assets	13	28
Level 2 | Foreign exchange contracts | Other non-current assets
Derivatives Fair Value [Line Items]
Assets	4	1
Level 2 | Foreign exchange contracts | Other current liabilities
Derivatives Fair Value [Line Items]
Liabilities	62	50
Level 2 | Foreign exchange contracts | Other non-current liabilities
Derivatives Fair Value [Line Items]
Liabilities	9	5
Level 2 | Foreign exchange contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	9	9
Liabilities	60	46
Level 2 | Foreign exchange contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	8	20
Liabilities	11	9
Level 2 | Cross-currency contracts | Other current assets
Derivatives Fair Value [Line Items]
Assets	74
Level 2 | Cross-currency contracts | Other non-current assets
Derivatives Fair Value [Line Items]
Assets	264
Level 2 | Cross-currency contracts | Other current liabilities
Derivatives Fair Value [Line Items]
Liabilities	84	41
Level 2 | Cross-currency contracts | Other non-current liabilities
Derivatives Fair Value [Line Items]
Liabilities	375	292
Level 2 | Cross-currency contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	338	298
Liabilities	432	333
Level 2 | Cross-currency contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	0
Liabilities	27
Level 2 | Commodity contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	10	3
Liabilities	$ 0	$ 1

Financial Instruments Additiona

Financial Instruments Additional Information (Details) € in Millions, £ in Millions, $ in Millions, ¥ in Billions, $ in Billions	3 Months Ended		6 Months Ended
	Jun. 26, 2021USD ($)	Jun. 27, 2020USD ($)	Jun. 26, 2021USD ($)	Jun. 27, 2020USD ($)	Jun. 26, 2021EUR (€)	Jun. 26, 2021GBP (£)	Jun. 26, 2021CAD ($)	Jun. 26, 2021JPY (¥)	Dec. 26, 2020USD ($)
Derivative [Line Items]
Derivative, collateral, obligation to return cash	$ 271		$ 271						$ 315
Derivative, collateral, right to reclaim cash	271		271						315
Collateral posted related to commodity derivative margin requirements, liability	76		76						25
Level 1 | Money market funds
Derivative [Line Items]
Fair value of money market funds	133		$ 133						$ 144
Cross-currency contracts
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			7 years
Foreign exchange contracts
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			2 years
Cash flow hedges gain (loss) to be reclassified within twelve months			$ (38)
Designated as hedging instrument | Debt | Net Investment Hedging
Derivative [Line Items]
Non-derivative instruments, loss (gain) recognized in other comprehensive income (loss), net	13	$ (31)	(5)	$ (65)
Designated as hedging instrument | Debt | Euro Member Countries, Euro | Net Investment Hedging
Derivative [Line Items]
Derivative, amount of hedged item | €					€ 650
Designated as hedging instrument | Debt | United Kingdom, Pounds | Net Investment Hedging
Derivative [Line Items]
Derivative, amount of hedged item | £						£ 400
Designated as hedging instrument | Cross-currency contracts | Euro Member Countries, Euro | Net Investment Hedging
Derivative [Line Items]
Derivative asset, notional amount	2,100		2,100		€ 1,900
Designated as hedging instrument | Cross-currency contracts | United Kingdom, Pounds | Net Investment Hedging
Derivative [Line Items]
Derivative liability, notional amount	1,200		1,200			£ 900
Designated as hedging instrument | Cross-currency contracts | Canada, Dollars | Net Investment Hedging
Derivative [Line Items]
Derivative liability, notional amount	1,300		1,300				$ 1.7
Designated as hedging instrument | Cross-currency contracts | Japan, Yen | Net Investment Hedging
Derivative [Line Items]
Derivative asset, notional amount	85		85					¥ 9.6
Designated as hedging instrument | Foreign exchange contracts | Euro Member Countries, Euro | Net Investment Hedging
Derivative [Line Items]
Derivative asset, notional amount	90		90
Designated as hedging instrument | Foreign exchange contracts | China, Yuan Renminbi | Net Investment Hedging
Derivative [Line Items]
Derivative asset, notional amount	115		115
Designated as hedging instrument | Other contract | Euro Member Countries, Euro | Net Investment Hedging
Derivative [Line Items]
Derivative, amount of hedged item	$ 127		$ 127

Financial Instruments Derivativ

Financial Instruments Derivative Impact on Statements of Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Derivative [Line Items]
Other comprehensive income (loss), derivatives, gain (loss), before reclassification and tax	$ (79)	$ (13)	$ (124)	$ 301
Cash Flow Hedging | Net sales | Foreign exchange contracts
Derivative [Line Items]
Gains/(losses) recognized in other comprehensive income (loss) on cash flow hedges, before tax	0	0	(1)	1
Cash Flow Hedging | Cost of products sold | Foreign exchange contracts
Derivative [Line Items]
Gains/(losses) recognized in other comprehensive income (loss) on cash flow hedges, before tax	(17)	(23)	(40)	49
Amounts excluded from the effectiveness assessment of cash flow hedges, before tax	0	0	0	(1)
Cash Flow Hedging | Other expense/(income) | Foreign exchange contracts
Derivative [Line Items]
Gains/(losses) recognized in other comprehensive income (loss) on cash flow hedges, before tax	0	0	0	0
Cash Flow Hedging | Other expense/(income) | Cross-currency contracts
Derivative [Line Items]
Gains/(losses) recognized in other comprehensive income (loss) on cash flow hedges, before tax	(17)	52	(32)	93
Amounts excluded from the effectiveness assessment of cash flow hedges, before tax	7	7	14	13
Cash Flow Hedging | Interest expense | Cross-currency contracts
Derivative [Line Items]
Gains/(losses) recognized in other comprehensive income (loss) on cash flow hedges, before tax	(4)	(3)	(10)	(3)
Net Investment Hedging | Other expense/(income) | Foreign exchange contracts
Derivative [Line Items]
Gains/(losses) recognized in other comprehensive income (loss) on net investment hedges, before tax	(1)	0	0	2
Net Investment Hedging | Other expense/(income) | Cross-currency contracts
Derivative [Line Items]
Gains/(losses) recognized in other comprehensive income (loss) on net investment hedges, before tax	(53)	(54)	(67)	132
Net Investment Hedging | Interest expense | Foreign exchange contracts
Derivative [Line Items]
Amounts excluded from the effectiveness assessment of net investment hedges, before tax	0	0	0	(1)
Net Investment Hedging | Interest expense | Cross-currency contracts
Derivative [Line Items]
Amounts excluded from the effectiveness assessment of net investment hedges, before tax	$ 6	$ 8	$ 12	$ 16

Financial Instruments Derivat_2

Financial Instruments Derivative Impact on Statements of Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Total amounts presented in the condensed consolidated statements of income in which the following effects were recorded
Cost of products sold	$ 4,324	$ 4,196	$ 8,517	$ 8,495
Selling, general and administrative expenses	1,056	3,791	2,168	4,879
Interest expense	613	442	1,028	752
Other expense/(income)	(23)	(78)	(53)	(159)
Cost of products sold
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	31	(4)	74	(153)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	31	(4)	74	(153)
SG&A
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(1)		(1)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(1)		(1)
Interest expense
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	2	(2)	9
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	2	(2)	9
Other expense/(income)
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	11	45	(31)	27
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	11	45	(31)	27
Not designated as hedging instrument | Cost of products sold | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Not designated as hedging instrument | Cost of products sold | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Not designated as hedging instrument | Cost of products sold | Commodity contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	44	(14)	94	(164)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	44	(14)	94	(164)
Not designated as hedging instrument | SG&A | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Not designated as hedging instrument | SG&A | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Not designated as hedging instrument | SG&A | Commodity contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Not designated as hedging instrument | Interest expense | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Not designated as hedging instrument | Interest expense | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Not designated as hedging instrument | Interest expense | Commodity contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Not designated as hedging instrument | Other expense/(income) | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(15)	0	(20)	(28)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(15)	0	(20)	(28)
Not designated as hedging instrument | Other expense/(income) | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	4	0	4	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	4	0	4	0
Not designated as hedging instrument | Other expense/(income) | Commodity contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Cash Flow Hedging | Designated as hedging instrument | Cost of products sold | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(12)	10	(19)	11
Net gain/(loss) on derivatives, excluded component, reclassified to net income	(1)	0	(1)	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(12)	10	(19)	11
Cash Flow Hedging | Designated as hedging instrument | Cost of products sold | Interest rate contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Cash Flow Hedging | Designated as hedging instrument | Cost of products sold | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Cash Flow Hedging | Designated as hedging instrument | SG&A | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(1)		(1)
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0		0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(1)		(1)
Cash Flow Hedging | Designated as hedging instrument | SG&A | Interest rate contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Cash Flow Hedging | Designated as hedging instrument | SG&A | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0		0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0		0
Cash Flow Hedging | Designated as hedging instrument | Interest expense | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Cash Flow Hedging | Designated as hedging instrument | Interest expense | Interest rate contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	(1)	0	(2)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	(1)	0	(2)
Cash Flow Hedging | Designated as hedging instrument | Interest expense | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(4)	(3)	(10)	(3)
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(4)	(3)	(10)	(3)
Cash Flow Hedging | Designated as hedging instrument | Other expense/(income) | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Cash Flow Hedging | Designated as hedging instrument | Other expense/(income) | Interest rate contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	0	0	0
Cash Flow Hedging | Designated as hedging instrument | Other expense/(income) | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	15	38	(28)	41
Net gain/(loss) on derivatives, excluded component, reclassified to net income	7	7	13	14
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	15	38	(28)	41
Net Investment Hedging | Designated as hedging instrument | Cost of products sold | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Net Investment Hedging | Designated as hedging instrument | Cost of products sold | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Net Investment Hedging | Designated as hedging instrument | SG&A | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0		0
Net Investment Hedging | Designated as hedging instrument | SG&A | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0		0
Net Investment Hedging | Designated as hedging instrument | Interest expense | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	1	(1)	1	(1)
Net Investment Hedging | Designated as hedging instrument | Interest expense | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	3	7	7	15
Net Investment Hedging | Designated as hedging instrument | Other expense/(income) | Foreign exchange contracts
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Net Investment Hedging | Designated as hedging instrument | Other expense/(income) | Cross-currency contracts
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	$ 0	$ 0	$ 0	$ 0

Components of and Changes in Ac

Components of and Changes in Accumulated Other Comprehensive Income/(Losses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 50,103
Total other comprehensive income/(loss)			247
Ending balance	$ 49,997		49,997
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(2,218)
Other comprehensive income/(loss) before reclassifications	190	$ 174	251	$ (602)
Total other comprehensive income/(loss)			211
Ending balance	(2,007)		(2,007)
Net investment hedge adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income/(loss) before reclassifications	(49)	(17)	(44)	149
Amounts excluded from effectiveness assessment	5	11	10	16
Reclassifications from AOCI	(3)	(5)	(6)	(11)
Net postemployment benefit plan adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			158
Other comprehensive income/(loss) before reclassifications	71	0	73	0
Reclassifications from AOCI	(7)	(24)	(13)	(49)
Total other comprehensive income/(loss)			60
Ending balance	218		218
Net cash flow hedge adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			93
Other comprehensive income/(loss) before reclassifications	(35)	35	(64)	136
Amounts excluded from effectiveness assessment	7	7	14	12
Reclassifications from AOCI	(1)	$ (51)	26	$ (61)
Total other comprehensive income/(loss)			(24)
Ending balance	69		69
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(1,967)
Ending balance	$ (1,720)		$ (1,720)

Gross Amount and Related Tax Be

Gross Amount and Related Tax Benefit/(Expense) Recorded in and Associated with each Component of Other Comprehensive Income/(Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Foreign currency translation adjustments
OCI Before Reclassifications
Before Tax Amount	$ 190	$ 174	$ 251	$ (602)
Tax	0	0	0	0
Net of Tax Amount	190	174	251	(602)
Net investment hedge adjustments
OCI Before Reclassifications
Before Tax Amount	(67)	(23)	(62)	199
Tax	18	6	18	(50)
Net of Tax Amount	(49)	(17)	(44)	149
Amounts Excluded from Effectiveness Assessment
Before Tax Amount	6	8	12	15
Tax	(1)	3	(2)	1
Net of Tax Amount	5	11	10	16
Reclassifications
Before Tax Amount	(4)	(6)	(8)	(14)
Tax	1	1	2	3
Net of Tax Amount	(3)	(5)	(6)	(11)
Net cash flow hedge adjustments
OCI Before Reclassifications
Before Tax Amount	(38)	26	(83)	140
Tax	3	9	19	(4)
Net of Tax Amount	(35)	35	(64)	136
Amounts Excluded from Effectiveness Assessment
Before Tax Amount	7	7	14	12
Tax	0	0	0	0
Net of Tax Amount	7	7	14	12
Reclassifications
Before Tax Amount	(4)	(51)	46	(61)
Tax	3	0	(20)	0
Net of Tax Amount	(1)	(51)	26	(61)
Net postemployment benefit plan adjustments
OCI Before Reclassifications
Before Tax Amount	95	0	98	0
Tax	(24)	0	(25)	0
Net of Tax Amount	71	0	73	0
Reclassifications
Before Tax Amount	(9)	(33)	(16)	(67)
Tax	2	9	3	18
Net of Tax Amount	$ (7)	$ (24)	$ (13)	$ (49)

Amounts Reclassified from Accum

Amounts Reclassified from Accumulated Other Comprehensive Income/(Losses) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Interest expense	$ 613	$ 442	$ 1,028	$ 752
Cost of products sold	4,324	4,196	8,517	8,495
Selling, general and administrative expenses	1,056	3,791	2,168	4,879
Other expense/(income)	(23)	(78)	(53)	(159)
Income/(loss) before income taxes	645	(1,703)	1,349	(1,162)
Provision for/(benefit from) income taxes	670	(51)	806	109
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	25	1,652	(543)	1,271
Reclassification out of Accumulated Other Comprehensive Income | Net investment hedge adjustments | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Interest expense	(1)	1	(1)	1
Reclassification out of Accumulated Other Comprehensive Income | Net investment hedge adjustments | Cross-currency contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Interest expense	(3)	(7)	(7)	(15)
Reclassification out of Accumulated Other Comprehensive Income | Net cash flow hedge adjustments | Foreign exchange contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Cost of products sold	13	(10)	20	(11)
Selling, general and administrative expenses	1	0	1	0
Reclassification out of Accumulated Other Comprehensive Income | Net cash flow hedge adjustments | Cross-currency contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Interest expense	4	3	10	3
Other expense/(income)	(22)	(45)	15	(55)
Reclassification out of Accumulated Other Comprehensive Income | Net cash flow hedge adjustments | Interest rate contracts
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Interest expense	0	1	0	2
Reclassification out of Accumulated Other Comprehensive Income | Hedge adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Income/(loss) before income taxes	8	57	(38)	75
Provision for/(benefit from) income taxes	4	1	(18)	3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(4)	(56)	20	(72)
Reclassification out of Accumulated Other Comprehensive Income | Net postemployment benefit plan adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Income/(loss) before income taxes	9	33	16	67
Provision for/(benefit from) income taxes	2	9	3	18
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(7)	(24)	(13)	(49)
Reclassification out of Accumulated Other Comprehensive Income | Amortization of unrecognized losses/(gains)
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Other expense/(income)	(3)	(3)	(7)	(6)
Reclassification out of Accumulated Other Comprehensive Income | Amortization of prior service costs/(credits)
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Other expense/(income)	(1)	(30)	(3)	(61)
Reclassification out of Accumulated Other Comprehensive Income | Settlement and curtailment losses/(gains)
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Other expense/(income)	$ (5)	$ 0	$ (6)	$ 0

Financing Arrangements Addition

Financing Arrangements Additional Information (Details) - USD ($) $ in Millions	Jun. 26, 2021	Dec. 26, 2020
Transfers and Servicing [Abstract]
Other liabilities, structured payables, current	$ 155	$ 236

Commitments, Contingencies an_2

Commitments, Contingencies and Debt - Debt Narrative (Details)	Jun. 28, 2021USD ($)	Jun. 26, 2021USD ($)numberOfLenders	Apr. 01, 2021USD ($)	Mar. 27, 2021USD ($)	Mar. 09, 2021USD ($)	Dec. 26, 2020USD ($)	Jun. 26, 2021USD ($)numberOfLenders	Feb. 28, 2021USD ($)	Jun. 27, 2020USD ($)	May 31, 2020USD ($)	Feb. 29, 2020USD ($)	Jun. 26, 2021USD ($)numberOfLenders	Mar. 27, 2021USD ($)	Jun. 27, 2020USD ($)	Jun. 26, 2021USD ($)numberOfLenders	Jun. 27, 2020USD ($)	May 19, 2021	Jun. 03, 2020	May 18, 2020USD ($)	Mar. 30, 2020USD ($)
Debt Instrument [Line Items]
Minimum shareholder's equity required to maintain excluding accumulated other comprehensive income/(losses)		$ 35,000,000,000					$ 35,000,000,000					$ 35,000,000,000			$ 35,000,000,000
Debt prepayment and extinguishment costs															433,000,000	$ 101,000,000
Repayments of long-term debt															3,090,000,000	3,824,000,000
Fair value of total debt		29,100,000,000				$ 32,100,000,000	29,100,000,000					29,100,000,000			29,100,000,000
Carrying value of total debt		25,200,000,000				28,300,000,000	25,200,000,000					25,200,000,000			25,200,000,000
The 2020 Notes
Debt Instrument [Line Items]
Debt issuance costs, net										$ 31,000,000
Senior Notes | Senior notes due in February 2021
Debt Instrument [Line Items]
Repayments of long-term debt								$ 111,000,000
Senior Notes | Senior notes due in February 2020
Debt Instrument [Line Items]
Repayments of long-term debt											$ 405,000,000
Q1 2021 Tender Offer, Senior Notes
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt													$ 106,000,000
Q2 2021 Tender Offer, Senior Notes
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt												256,000,000
2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt															(362,000,000)
Debt prepayment and extinguishment costs															369,000,000
Write off of unamortized debt premiums															20,000,000
Write off of deferred debt issuance costs															7,000,000
Write off of unamortized debt discounts															6,000,000
2020 Tender Offer, Senior Notes
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt														$ (71,000,000)		(71,000,000)
Debt prepayment and extinguishment costs																68,000,000
Write off of unamortized debt premiums																1,000,000
Write off of deferred debt issuance costs																3,000,000
Write off of unamortized debt discounts																1,000,000
Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt												(28,000,000)			(28,000,000)
Debt prepayment and extinguishment costs															31,000,000
Write off of unamortized debt premiums															5,000,000
Write off of deferred debt issuance costs															1,000,000
Write off of unamortized debt discounts															1,000,000
2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt												(34,000,000)			(34,000,000)
Debt prepayment and extinguishment costs															33,000,000
Write off of deferred debt issuance costs															1,000,000
2020 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Gain (loss) on extinguishment of debt														(38,000,000)		(38,000,000)
Debt prepayment and extinguishment costs																33,000,000
Write off of deferred debt issuance costs																$ 5,000,000
Senior Notes
Debt Instrument [Line Items]
Outstanding aggregate principal amount		$ 24,755,000,000				27,893,000,000	$ 24,755,000,000					$ 24,755,000,000			$ 24,755,000,000
Senior Notes | Senior Notes Due June 2022
Debt Instrument [Line Items]
Interest rate		3.50%					3.50%					3.50%			3.50%
Outstanding aggregate principal amount		$ 631,000,000				631,000,000	$ 631,000,000					$ 631,000,000			$ 631,000,000
Senior Notes | Senior Notes Due June 2023
Debt Instrument [Line Items]
Interest rate		4.00%					4.00%					4.00%			4.00%
Outstanding aggregate principal amount		$ 0				447,000,000	$ 0					$ 0			$ 0
Senior Notes | Senior Notes Due July 2025
Debt Instrument [Line Items]
Interest rate		3.95%					3.95%					3.95%			3.95%
Repayments of long-term debt		$ 797,000,000
Outstanding aggregate principal amount		$ 797,000,000				1,609,000,000	$ 797,000,000					$ 797,000,000			$ 797,000,000
Senior Notes | Senior Notes Due June 2026
Debt Instrument [Line Items]
Interest rate		3.00%					3.00%					3.00%			3.00%
Outstanding aggregate principal amount		$ 1,876,000,000				2,000,000,000	$ 1,876,000,000					$ 1,876,000,000			$ 1,876,000,000
Senior Notes | Senior Notes Due July 2045
Debt Instrument [Line Items]
Interest rate		5.20%					5.20%					5.20%			5.20%
Outstanding aggregate principal amount		$ 1,944,000,000				2,000,000,000	$ 1,944,000,000					$ 1,944,000,000			$ 1,944,000,000
Senior Notes | Senior Notes Due July 2045 | Subsequent event
Debt Instrument [Line Items]
Amount repurchased	$ 50,000,000
Senior Notes | Senior notes due in February 2021
Debt Instrument [Line Items]
Outstanding aggregate principal amount		0				111,000,000	0					0			0
Senior Notes | Q1 2021 Tender Offer, Senior Notes
Debt Instrument [Line Items]
Amount repurchased					$ 900,000,000
Senior Notes | Q1 2021 Tender Offer, Senior Notes | Maximum
Debt Instrument [Line Items]
Amount repurchased					$ 1,000,000,000
Senior Notes | Q2 2021 Tender Offer, Senior Notes
Debt Instrument [Line Items]
Amount repurchased							1,400,000,000
Senior Notes | Q2 2021 Tender Offer, Senior Notes | Maximum
Debt Instrument [Line Items]
Amount repurchased							2,800,000,000
Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased															2,323,000,000
Senior Notes | 2021 Tender Offers, Senior Notes | Senior Notes Due June 2022
Debt Instrument [Line Items]
Amount repurchased															0
Senior Notes | 2021 Tender Offers, Senior Notes | Senior Notes Due June 2023
Debt Instrument [Line Items]
Amount repurchased															0
Senior Notes | 2021 Tender Offers, Senior Notes | Senior Notes Due July 2025
Debt Instrument [Line Items]
Amount repurchased															812,000,000
Senior Notes | 2021 Tender Offers, Senior Notes | Senior Notes Due June 2026
Debt Instrument [Line Items]
Amount repurchased															88,000,000
Senior Notes | 2021 Tender Offers, Senior Notes | Senior Notes Due July 2045
Debt Instrument [Line Items]
Amount repurchased															0
Senior Notes | 2021 Tender Offers, Senior Notes | Senior notes due in February 2021
Debt Instrument [Line Items]
Amount repurchased															0
Senior Notes | 2020 Tender Offer, Senior Notes
Debt Instrument [Line Items]
Amount repurchased										2,100,000,000
Senior Notes | 2020 Tender Offer, Senior Notes | Senior Notes Due June 2022
Debt Instrument [Line Items]
Interest rate																	3.50%
Senior Notes | 2020 Tender Offer, Senior Notes | Senior Notes Due July 2022
Debt Instrument [Line Items]
Interest rate																	3.50%
Senior Notes | 2020 Tender Offer, Senior Notes | Senior Notes Due June 2023
Debt Instrument [Line Items]
Interest rate																	4.00%
Senior Notes | 2020 Tender Offer, Senior Notes | Senior Notes Due July 2025
Debt Instrument [Line Items]
Interest rate																	3.95%
Senior Notes | 2020 Tender Offer, Senior Notes | Senior Notes Due June 2026
Debt Instrument [Line Items]
Interest rate																	3.00%
Senior Notes | 2020 Tender Offer, Senior Notes | Maximum
Debt Instrument [Line Items]
Amount repurchased										$ 2,200,000,000
Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased												207,000,000			207,000,000
Senior Notes | Q2 2021 Repurchases, Senior Notes | Senior Notes Due June 2022
Debt Instrument [Line Items]
Amount repurchased															0
Senior Notes | Q2 2021 Repurchases, Senior Notes | Senior Notes Due June 2023
Debt Instrument [Line Items]
Amount repurchased															0
Senior Notes | Q2 2021 Repurchases, Senior Notes | Senior Notes Due July 2025
Debt Instrument [Line Items]
Amount repurchased															0
Senior Notes | Q2 2021 Repurchases, Senior Notes | Senior Notes Due June 2026
Debt Instrument [Line Items]
Amount repurchased															36,000,000
Senior Notes | Q2 2021 Repurchases, Senior Notes | Senior Notes Due July 2045
Debt Instrument [Line Items]
Amount repurchased															56,000,000
Senior Notes | Q2 2021 Repurchases, Senior Notes | Senior notes due in February 2021
Debt Instrument [Line Items]
Amount repurchased															0
Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt															447,000,000
Senior Notes | 2021 Debt Redemption, Senior Notes | Senior Notes Due June 2022
Debt Instrument [Line Items]
Repayments of long-term debt															0
Senior Notes | 2021 Debt Redemption, Senior Notes | Senior Notes Due June 2023
Debt Instrument [Line Items]
Interest rate			4.00%
Repayments of long-term debt			$ 447,000,000												447,000,000
Senior Notes | 2021 Debt Redemption, Senior Notes | Senior Notes Due July 2025
Debt Instrument [Line Items]
Repayments of long-term debt															0
Senior Notes | 2021 Debt Redemption, Senior Notes | Senior Notes Due June 2026
Debt Instrument [Line Items]
Repayments of long-term debt															0
Senior Notes | 2021 Debt Redemption, Senior Notes | Senior Notes Due July 2045
Debt Instrument [Line Items]
Repayments of long-term debt															0
Senior Notes | 2021 Debt Redemption, Senior Notes | Senior notes due in February 2021
Debt Instrument [Line Items]
Repayments of long-term debt															0
Senior Notes | 2020 Debt Redemption, Senior Notes | Senior Notes Due June 2021
Debt Instrument [Line Items]
Interest rate																		3.375%
Repayments of long-term debt									$ 300,000,000
Senior Notes | 2020 Debt Redemption, Senior Notes | Senior Secured Notes due February 2025
Debt Instrument [Line Items]
Interest rate																		4.875%
Repayments of long-term debt									$ 976,000,000
2020 Senior Notes | Senior Notes Due May 2027
Debt Instrument [Line Items]
Interest rate																			3.875%
Outstanding aggregate principal amount																			$ 1,350,000,000
2020 Senior Notes | Senior Notes Due March 2031
Debt Instrument [Line Items]
Interest rate																			4.25%
Outstanding aggregate principal amount																			$ 1,350,000,000
2020 Senior Notes | Senior Notes Due June 2050
Debt Instrument [Line Items]
Interest rate																			5.50%
Outstanding aggregate principal amount																			$ 800,000,000
Senior unsecured revolving credit facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		4,000,000,000					4,000,000,000					4,000,000,000			4,000,000,000
Maximum amount of credit facility outstanding during the period														$ 4,000,000,000
Borrowings under credit facility				$ 0		$ 0						0
Senior unsecured revolving credit facility | Amendment To Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 100,000,000					$ 100,000,000					$ 100,000,000			$ 100,000,000
Number of additional lenders | numberOfLenders		2					2					2			2
Senior unsecured revolving credit facility | Through July 6, 2023 | Amendment To Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 4,100,000,000					$ 4,100,000,000					$ 4,100,000,000			$ 4,100,000,000
Senior unsecured revolving credit facility | Through July 6, 2024 | Amendment To Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		4,000,000,000					4,000,000,000					4,000,000,000			4,000,000,000
Senior unsecured revolving credit facility | Lender One | Amendment To Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		50,000,000					50,000,000					50,000,000			50,000,000
Senior unsecured revolving credit facility | Lender Two | Amendment To Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		50,000,000					50,000,000					50,000,000			50,000,000
Euro equivalent swingline facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		400,000,000					400,000,000					400,000,000			400,000,000
Senior unsecured revolving credit facility, extension agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 3,900,000,000					$ 3,900,000,000					$ 3,900,000,000			$ 3,900,000,000
Uncommitted revolving credit line
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity																				$ 300,000,000

Commitments, Contingencies an_3

Commitments, Contingencies and Debt - Long-term Debt Transactions (Details) - USD ($) $ in Millions	Jun. 26, 2021	Apr. 01, 2021	Jun. 26, 2021	Jun. 26, 2021	Jun. 27, 2020	Dec. 26, 2020
Debt Instrument [Line Items]
Repayments of long-term debt				$ 3,090	$ 3,824
Senior Notes
Debt Instrument [Line Items]
Outstanding aggregate principal amount	$ 24,755		$ 24,755	24,755		$ 27,893
Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				2,323
Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased			$ 207	207
Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				447
Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 111
Senior Notes Due June 2022 | Senior Notes
Debt Instrument [Line Items]
Interest rate	3.50%		3.50%	3.50%
Outstanding aggregate principal amount	$ 631		$ 631	$ 631		631
Senior Notes Due June 2022 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due June 2022 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due June 2022 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due June 2022 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due June 2023 | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.00%		4.00%	4.00%
Outstanding aggregate principal amount	$ 0		$ 0	$ 0		447
Senior Notes Due June 2023 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due June 2023 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due June 2023 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Interest rate		4.00%
Repayments of long-term debt		$ 447		447
Senior Notes Due June 2023 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due July 2025 | Senior Notes
Debt Instrument [Line Items]
Interest rate	3.95%		3.95%	3.95%
Outstanding aggregate principal amount	$ 797		$ 797	$ 797		1,609
Repayments of long-term debt	$ 797
Senior Notes Due July 2025 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				812
Senior Notes Due July 2025 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due July 2025 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due July 2025 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due June 2026 | Senior Notes
Debt Instrument [Line Items]
Interest rate	3.00%		3.00%	3.00%
Outstanding aggregate principal amount	$ 1,876		$ 1,876	$ 1,876		2,000
Senior Notes Due June 2026 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				88
Senior Notes Due June 2026 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				36
Senior Notes Due June 2026 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due June 2026 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due July 2028 | Senior Notes
Debt Instrument [Line Items]
Interest rate	6.375%		6.375%	6.375%
Outstanding aggregate principal amount	$ 218		$ 218	$ 218		235
Senior Notes Due July 2028 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				17
Senior Notes Due July 2028 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due July 2028 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due July 2028 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due January 2029 | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.625%		4.625%	4.625%
Outstanding aggregate principal amount	$ 751		$ 751	$ 751		1,100
Senior Notes Due January 2029 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				345
Senior Notes Due January 2029 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				4
Senior Notes Due January 2029 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due January 2029 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due April 2030 | Senior Notes
Debt Instrument [Line Items]
Interest rate	3.75%		3.75%	3.75%
Outstanding aggregate principal amount	$ 743		$ 743	$ 743		1,000
Senior Notes Due April 2030 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				254
Senior Notes Due April 2030 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				3
Senior Notes Due April 2030 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due April 2030 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due March 2032 | Senior Notes
Debt Instrument [Line Items]
Interest rate	6.75%		6.75%	6.75%
Outstanding aggregate principal amount	$ 371		$ 371	$ 371		437
Senior Notes Due March 2032 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				66
Senior Notes Due March 2032 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due March 2032 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due March 2032 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due July 2035 | Senior Notes
Debt Instrument [Line Items]
Interest rate	5.00%		5.00%	5.00%
Outstanding aggregate principal amount	$ 805		$ 805	$ 805		1,000
Senior Notes Due July 2035 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				187
Senior Notes Due July 2035 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				8
Senior Notes Due July 2035 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due July 2035 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due January 2039 | Senior Notes
Debt Instrument [Line Items]
Interest rate	6.875%		6.875%	6.875%
Outstanding aggregate principal amount	$ 839		$ 839	$ 839		878
Senior Notes Due January 2039 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				29
Senior Notes Due January 2039 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				10
Senior Notes Due January 2039 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due January 2039 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due August 2039 | Senior Notes
Debt Instrument [Line Items]
Interest rate	7.125%		7.125%	7.125%
Outstanding aggregate principal amount	$ 876		$ 876	$ 876		931
Senior Notes Due August 2039 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				51
Senior Notes Due August 2039 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				4
Senior Notes Due August 2039 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due August 2039 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due October 2039 | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.625%		4.625%	4.625%
Outstanding aggregate principal amount	$ 399		$ 399	$ 399		500
Senior Notes Due October 2039 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				101
Senior Notes Due October 2039 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due October 2039 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due October 2039 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due February 2040 | Senior Notes
Debt Instrument [Line Items]
Interest rate	6.50%		6.50%	6.50%
Outstanding aggregate principal amount	$ 734		$ 734	$ 734		788
Senior Notes Due February 2040 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				39
Senior Notes Due February 2040 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				15
Senior Notes Due February 2040 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due February 2040 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due June 2042 | Senior Notes
Debt Instrument [Line Items]
Interest rate	5.00%		5.00%	5.00%
Outstanding aggregate principal amount	$ 1,659		$ 1,659	$ 1,659		2,000
Senior Notes Due June 2042 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				334
Senior Notes Due June 2042 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				7
Senior Notes Due June 2042 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due June 2042 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due July 2045 | Senior Notes
Debt Instrument [Line Items]
Interest rate	5.20%		5.20%	5.20%
Outstanding aggregate principal amount	$ 1,944		$ 1,944	$ 1,944		2,000
Senior Notes Due July 2045 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due July 2045 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				56
Senior Notes Due July 2045 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due July 2045 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0
Senior Notes Due June 2046 | Senior Notes
Debt Instrument [Line Items]
Interest rate	4.375%		4.375%	4.375%
Outstanding aggregate principal amount	$ 2,936		$ 2,936	$ 2,936		3,000
Senior Notes Due June 2046 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior Notes Due June 2046 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				64
Senior Notes Due June 2046 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior Notes Due June 2046 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior notes due in February 2021 | Senior Notes
Debt Instrument [Line Items]
Outstanding aggregate principal amount	0		0	0		111
Senior notes due in February 2021 | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior notes due in February 2021 | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Senior notes due in February 2021 | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Senior notes due in February 2021 | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				111
Other long-term debt | Senior Notes
Debt Instrument [Line Items]
Outstanding aggregate principal amount	$ 9,176		$ 9,176	9,176		$ 9,226
Other long-term debt | Senior Notes | 2021 Tender Offers, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Other long-term debt | Senior Notes | Q2 2021 Repurchases, Senior Notes
Debt Instrument [Line Items]
Amount repurchased				0
Other long-term debt | Senior Notes | 2021 Debt Redemption, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				0
Other long-term debt | Senior Notes | 2021 Debt Repayment, Senior Notes
Debt Instrument [Line Items]
Repayments of long-term debt				$ 0

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		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Basic EPS
Net income/(loss) attributable to common shareholders	$ (27)	$ (1,651)	$ 536	$ (1,273)
Weighted average shares of common stock outstanding (in shares)	1,224	1,223	1,223	1,222
Basic earnings/(loss) per common share (in dollars per share)	$ (0.02)	$ (1.35)	$ 0.44	$ (1.04)
Diluted EPS
Net income/(loss) attributable to common shareholders	$ (27)	$ (1,651)	$ 536	$ (1,273)
Weighted average shares of common stock outstanding (in shares)	1,224	1,223	1,223	1,222
Effect of dilutive equity awards (in shares)	0	0	12	0
Weighted average shares of common stock outstanding, including dilutive effect (in shares)	1,224	1,223	1,235	1,222
Diluted earnings/(loss) per common share (in dollars per share)	$ (0.02)	$ (1.35)	$ 0.43	$ (1.04)

Earnings Per Share Additional I

Earnings Per Share Additional Information (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Earnings Per Share [Abstract]
Anti-dilutive shares	21	16	7	15

Segment Reporting Additional In

Segment Reporting Additional Information (Details)	6 Months Ended
	Jun. 26, 2021segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Reporting Net Sales by

Segment Reporting Net Sales by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	$ 6,615	$ 6,648	$ 13,009	$ 12,805
United States
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	4,738	4,917	9,346	9,412
International
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	1,413	1,305	2,807	2,606
Canada
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	$ 464	$ 426	$ 856	$ 787

Segment Reporting Segment Adjus

Segment Reporting Segment Adjusted EBITDA (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Segment Reporting Information [Line Items]
Depreciation and amortization (excluding restructuring activities)	$ (227)	$ (247)	$ (449)	$ (490)
Restructuring activities	(19)	(4)	(37)	(4)
Deal costs	1	0	(6)	0
Unrealized gains/(losses) on commodity hedges	2	26	39	(117)
Impairment losses	(113)	(2,873)	(343)	(3,099)
Certain non-ordinary course legal and regulatory matters	(62)	0	(62)	0
Equity award compensation expense (excluding restructuring activities)	(53)	(40)	(104)	(73)
Operating Income (Loss)	1,235	(1,339)	2,324	(569)
Interest expense	613	442	1,028	752
Other expense/(income)	(23)	(78)	(53)	(159)
Income/(loss) before income taxes	645	(1,703)	1,349	(1,162)
General corporate expenses
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	(71)	(64)	(141)	(158)
United States | Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	1,374	1,478	2,654	2,687
International | Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	286	275	569	520
Canada | Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	$ 117	$ 110	$ 204	$ 165

Segment Reporting Net Sales b_2

Segment Reporting Net Sales by Platform (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Revenue from External Customer [Line Items]
Net sales	$ 6,615	$ 6,648	$ 13,009	$ 12,805
Taste Elevation
Revenue from External Customer [Line Items]
Net sales	2,060	1,843	3,836	3,482
Fast Fresh Meals
Revenue from External Customer [Line Items]
Net sales	1,543	1,651	3,084	3,107
Easy Meals Made Better
Revenue from External Customer [Line Items]
Net sales	1,104	1,198	2,305	2,426
Real Food Snacking
Revenue from External Customer [Line Items]
Net sales	541	514	1,122	1,084
Flavorful Hydration
Revenue from External Customer [Line Items]
Net sales	494	451	905	839
Easy Indulgent Desserts
Revenue from External Customer [Line Items]
Net sales	252	272	464	449
Other
Revenue from External Customer [Line Items]
Net sales	$ 621	$ 719	$ 1,293	$ 1,418

Segment Reporting Net Sales b_3

Segment Reporting Net Sales by Product Category (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Revenue from External Customer [Line Items]
Net sales	$ 6,615	$ 6,648	$ 13,009	$ 12,805
Condiments and sauces
Revenue from External Customer [Line Items]
Net sales	1,961	1,753	3,643	3,334
Cheese and dairy
Revenue from External Customer [Line Items]
Net sales	1,195	1,271	2,428	2,410
Ambient foods
Revenue from External Customer [Line Items]
Net sales	637	721	1,335	1,437
Frozen and chilled foods
Revenue from External Customer [Line Items]
Net sales	657	612	1,331	1,260
Meats and seafood
Revenue from External Customer [Line Items]
Net sales	668	644	1,279	1,234
Refreshment beverages
Revenue from External Customer [Line Items]
Net sales	498	454	909	843
Coffee
Revenue from External Customer [Line Items]
Net sales	204	315	414	590
Infant and nutrition
Revenue from External Customer [Line Items]
Net sales	119	112	226	225
Desserts, toppings and baking
Revenue from External Customer [Line Items]
Net sales	282	302	524	506
Nuts and salted snacks
Revenue from External Customer [Line Items]
Net sales	201	254	452	504
Other
Revenue from External Customer [Line Items]
Net sales	$ 193	$ 210	$ 468	$ 462

Schedule of Other Expense_(Inco

Schedule of Other Expense/(Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Other Income and Expenses [Abstract]
Amortization of prior service costs/(credits)	$ (1)	$ (30)	$ (3)	$ (61)
Net pension and postretirement non-service cost/(benefit)	(57)	(43)	(107)	(86)
Loss/(gain) on sale of business	46	0	65	2
Interest income	4	8	9	17
Foreign exchange losses/(gains)	6	41	(30)	24
Derivative losses/(gains)	(11)	(45)	31	(27)
Other miscellaneous expense/(income)	(2)	7	0	6
Other expense/(income)	$ 23	$ 78	$ 53	$ 159

Other Financial Data Additional

Other Financial Data Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2021	Jun. 27, 2020	Jun. 26, 2021	Jun. 27, 2020
Other Income and Expenses [Abstract]
Other expense/(income)	$ 23	$ 78	$ 53	$ 159
Loss/(gain) on sale of business	(46)	0	(65)	(2)
Derivative losses/(gains)	(11)	(45)	31	(27)
Defined Benefit Plan, year over year change in amortization of prior service credits	29		58
Foreign exchange losses/(gains)	6	$ 41	(30)	$ 24
Increase/(Decrease) in net pension and postretirement non-service benefits	$ 14		$ 21