The Kraft Heinz Company (KHC) 10-Q 30 Oct 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 28, 2024	Oct. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 28, 2024
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
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		1,209,174,894
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001637459
Current Fiscal Year End Date	--12-28
Common Stock
Cover [Abstract]
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	KHC
Security Exchange Name	NASDAQ
Document Information [Line Items]
Title of 12(b) Security	Common stock, $0.01 par value
Trading Symbol	KHC
Security Exchange Name	NASDAQ
Floating Rate Senior Notes due 2025
Cover [Abstract]
Title of 12(b) Security	Floating Rate Senior Notes due 2025
Trading Symbol	KHC25
Security Exchange Name	NASDAQ
Document Information [Line Items]
Title of 12(b) Security	Floating Rate Senior Notes due 2025
Trading Symbol	KHC25
Security Exchange Name	NASDAQ
Senior Notes due 2029
Cover [Abstract]
Title of 12(b) Security	3.500% Senior Notes due 2029
Trading Symbol	KHC29
Security Exchange Name	NASDAQ
Document Information [Line Items]
Title of 12(b) Security	3.500% Senior Notes due 2029
Trading Symbol	KHC29
Security Exchange Name	NASDAQ

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net sales	$ 6,383	$ 6,570	$ 19,270	$ 19,780
Cost of products sold	4,197	4,335	12,547	13,171
Gross profit	2,186	2,235	6,723	6,609
Selling, general and administrative expenses, excluding impairment losses	859	920	2,718	2,675
Goodwill impairment losses	707	510	1,561	510
Intangible asset impairment losses	721	152	721	152
Selling, general and administrative expenses	2,287	1,582	5,000	3,337
Operating income/(loss)	(101)	653	1,723	3,272
Interest expense	230	228	685	683
Other expense/(income)	(48)	(35)	(56)	(94)
Income/(loss) before income taxes	(283)	460	1,094	2,683
Provision for/(benefit from) income taxes	7	206	480	594
Net income/(loss)	(290)	254	614	2,089
Net income/(loss) attributable to noncontrolling interest	0	(8)	1	(9)
Net income/(loss) attributable to common shareholders	$ (290)	$ 262	$ 613	$ 2,098
Per share data applicable to common shareholders:
Basic earnings/(loss) per common share (in dollars per share)	$ (0.24)	$ 0.21	$ 0.51	$ 1.71
Diluted earnings/(loss) per common share (in dollars per share)	$ (0.24)	$ 0.21	$ 0.50	$ 1.70

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income/(loss)	$ (290)	$ 254	$ 614	$ 2,089
Other comprehensive income/(loss), net of tax:
Foreign currency translation adjustments	369	(355)	77	(61)
Net deferred gains/(losses) on net investment hedges	(128)	92	(25)	17
Amounts excluded from the effectiveness assessment of net investment hedges	9	7	27	21
Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)	(9)	(8)	(27)	(21)
Net deferred gains/(losses) on cash flow hedges	(8)	14	(5)	5
Amounts excluded from the effectiveness assessment of cash flow hedges	6	3	5	13
Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)	26	(13)	7	18
Amounts excluded from the effectiveness assessment of fair value hedges	(12)	0	(9)	0
Net postemployment benefit losses/(gains) reclassified to net income/(loss)	(3)	(1)	(10)	(8)
Total other comprehensive income/(loss)	198	(235)	26	(52)
Total comprehensive income/(loss)	(92)	19	640	2,037
Comprehensive income/(loss) attributable to noncontrolling interest	7	(11)	(30)	(8)
Comprehensive income/(loss) attributable to common shareholders	$ (99)	$ 30	$ 670	$ 2,045

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
ASSETS
Cash and cash equivalents	$ 1,284	$ 1,400
Trade receivables (net of allowances of $32 at September 28, 2024 and $38 at December 30, 2023)	2,178	2,112
Inventories	3,872	3,614
Prepaid expenses	228	234
Other current assets	633	566
Assets held for sale	7	3
Total current assets	8,202	7,929
Property, plant and equipment, net	7,137	7,122
Goodwill	28,946	30,459
Intangible assets, net	41,802	42,448
Other non-current assets	2,479	2,381
TOTAL ASSETS	88,566	90,339
LIABILITIES AND EQUITY
Commercial paper and other short-term debt	13	0
Current portion of long-term debt	695	638
Accounts payable	4,553	4,627
Accrued marketing	752	733
Interest payable	273	258
Other current liabilities	1,442	1,781
Total current liabilities	7,728	8,037
Long-term debt	19,383	19,394
Deferred income taxes	10,023	10,201
Accrued postemployment costs	140	143
Long-term deferred income	1,386	1,424
Other non-current liabilities	1,437	1,418
TOTAL LIABILITIES	40,097	40,617
Commitments and Contingencies (Note 14)
Redeemable noncontrolling interest	6	34
Equity:
Common stock, $0.01 par value (5,000 shares authorized; 1,254 shares issued and 1,209 shares outstanding at September 28, 2024; 1,249 shares issued and 1,218 shares outstanding at December 30, 2023)	12	12
Additional paid-in capital	52,106	52,037
Retained earnings/(deficit)	521	1,367
Accumulated other comprehensive income/(losses)	(2,547)	(2,604)
Treasury stock, at cost (45 shares at September 28, 2024 and 31 shares at December 30, 2023)	(1,764)	(1,286)
Total shareholders' equity	48,328	49,526
Noncontrolling interest	135	162
TOTAL EQUITY	48,463	49,688
TOTAL LIABILITIES AND EQUITY	$ 88,566	$ 90,339

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss	$ 32	$ 38
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	1,254,000,000	1,249,000,000
Common Stock, Shares, Outstanding	1,209,000,000	1,218,000,000
Treasury Stock, Common, Shares	45,000,000	31,000,000

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. 31, 2022	$ 48,830	$ 12	$ 51,834	$ 489	$ (2,810)	$ (847)	$ 152
Total Shareholders' Equity [Roll forward]
Net income/(loss) excluding redeemable noncontrolling interest	837			836			1
Other comprehensive income/(loss) excluding redeemable noncontrolling interest	66				62		4
Dividends declared-common stock	(494)			(494)
Exercise of stock options, issuance of other stock awards, and other	74		76			(5)	3
Ending balance at Apr. 01, 2023	49,313	12	51,910	831	(2,748)	(852)	160
Total Shareholders' Equity [Roll forward]
Net income/(loss) excluding redeemable noncontrolling interest	1,000			1,000
Other comprehensive income/(loss) excluding redeemable noncontrolling interest	117				117
Dividends declared-common stock	(495)			(495)
Exercise of stock options, issuance of other stock awards, and other	39		57	0		(18)
Ending balance at Jul. 01, 2023	49,974	12	51,967	1,336	(2,631)	(870)	160
Total Shareholders' Equity [Roll forward]
Net income/(loss) excluding redeemable noncontrolling interest	260			262			(2)
Other comprehensive income/(loss) excluding redeemable noncontrolling interest	(235)				(232)		(3)
Dividends declared-common stock	(494)		0	(494)
Exercise of stock options, issuance of other stock awards, and other	(71)		37			(111)	3
Ending balance at Sep. 30, 2023	49,434	12	52,004	1,104	(2,863)	(981)	158
Beginning balance at Dec. 30, 2023	49,688	12	52,037	1,367	(2,604)	(1,286)	162
Total Shareholders' Equity [Roll forward]
Net income/(loss) excluding redeemable noncontrolling interest	803			801			2
Other comprehensive income/(loss) excluding redeemable noncontrolling interest	(94)				(65)		(29)
Dividends declared-common stock	(488)			(488)
Dividends declared-noncontrolling interest	(7)						(7)
Repurchase of common stock	(280)					(280)
Exercise of stock options, issuance of other stock awards, and other	31		13			15	3
Ending balance at Mar. 30, 2024	49,653	12	52,050	1,680	(2,669)	(1,551)	131
Total Shareholders' Equity [Roll forward]
Net income/(loss) excluding redeemable noncontrolling interest	101			102			(1)
Other comprehensive income/(loss) excluding redeemable noncontrolling interest	(73)				(69)		(4)
Dividends declared-common stock	(485)			(485)
Repurchase of common stock	(204)					(204)
Exercise of stock options, issuance of other stock awards, and other	29		36			(7)
Ending balance at Jun. 29, 2024	49,021	12	52,086	1,297	(2,738)	(1,762)	126
Total Shareholders' Equity [Roll forward]
Net income/(loss) excluding redeemable noncontrolling interest	(290)			(290)			0
Other comprehensive income/(loss) excluding redeemable noncontrolling interest	199				191		8
Dividends declared-common stock	(486)			(486)
Exercise of stock options, issuance of other stock awards, and other	19		20			(2)	1
Ending balance at Sep. 28, 2024	$ 48,463	$ 12	$ 52,106	$ 521	$ (2,547)	$ (1,764)	$ 135

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Jul. 01, 2023	Apr. 01, 2023
Statement of Stockholders' Equity [Abstract]
Common stock dividends declared (in dollars per share)	$ 0.40	$ 0.40	$ 0.40	$ 0.40	$ 0.40	$ 0.40
Dividends declared-noncontrolling interest (in dollars per share)			$ 98.77
Dividends declared-common stock	$ (486)	$ (485)	$ (488)	$ (494)	$ (495)	$ (494)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)	$ 614	$ 2,089
Adjustments to reconcile net income/(loss) to operating cash flows:
Depreciation and amortization	714	710
Amortization of postemployment benefit plans prior service costs/(credits)	(6)	(10)
Divestiture-related license income	(41)	(41)
Equity award compensation expense	83	110
Deferred income tax provision/(benefit)	(277)	(15)
Postemployment benefit plan contributions	(16)
Postemployment benefit plan contributions		(18)
Goodwill and intangible asset impairment losses	2,282	662
Nonmonetary currency devaluation	7	27
Loss/(gain) on sale of business	78	2
Other items, net	(39)	(44)
Changes in current assets and liabilities:
Trade receivables	(83)	(16)
Inventories	(392)	(277)
Accounts payable	48	(221)
Other current assets	(129)	139
Other current liabilities	(79)	(477)
Net cash provided by/(used for) operating activities	2,796	2,620
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(777)	(779)
Proceeds from sale of business, net of cash disposed and working capital adjustments	5	0
Payments to acquire intangible assets	(140)	0
Other investing activities, net	63	41
Net cash provided by/(used for) investing activities	(849)	(738)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of long-term debt	(607)	(823)
Proceeds from issuance of long-term debt	594	657
Dividends paid	(1,452)	(1,474)
Other financing activities, net	(43)	(26)
Net cash provided by/(used for) financing activities	(2,046)	(1,816)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(17)	(53)
Cash, cash equivalents, and restricted cash
Net increase/(decrease)	(116)	13
Balance at beginning of period	1,404	1,041
Balance at end of period	1,288	1,054
Payments for Repurchase of Common Stock	$ (538)	$ (150)

Basis of Presentation (Notes)

Basis of Presentation (Notes)	9 Months Ended
	Sep. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	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 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 2024 fiscal year is scheduled to be a 52-week period ending on December 28, 2024, and our 2023 fiscal year was a 52-week period that ended on December 30, 2023. The condensed consolidated balance sheet data at December 30, 2023 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 30, 2023. The results for interim periods are not necessarily indicative of future or annual results. Principles of Consolidation The condensed consolidated financial statements include The Kraft Heinz Company and all of our controlled subsidiaries. All intercompany transactions are eliminated. Reportable Segments In the first quarter of 2024, our internal reporting structure and reportable segments changed. We divided our International segment into three operating segments — Europe and Pacific Developed Markets (“EPDM” or “International Developed Markets”), West and East Emerging Markets (“WEEM”), and Asia Emerging Markets (“AEM”) — to enable enhanced focus on the different strategies required for each of these regions as part of our long-term strategic plan. Subsequently, we manage our operating results through four operating segments. We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets. 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. Cash , Cash Equivalents , and Restricted Cash Cash equivalents include term deposits with banks, money market funds, and all highly liquid investments with original maturities of three months or less. The fair value of cash equivalents approximates the carrying amount. Cash and cash equivalents that are legally restricted as to withdrawal or usage are classified in other current assets or other non-current assets, as applicable, on the condensed consolidated balance sheets. At September 28, 2024, we had $2 million of restricted cash recorded in other current assets and $2 million of restricted cash recorded in other non-current assets. At December 30, 2023, we had restricted cash recorded in other current assets of $3 million and $1 million of restricted cash in other non-current assets. Total cash, cash equivalents, and restricted cash was $1,288 million at September 28, 2024 and $1,404 million at December 30, 2023.

Significant Accounting Policies

Significant Accounting Policies (Notes)	9 Months Ended
	Sep. 28, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies There were no significant changes to our accounting policies from those disclosed in our Annual Report on Form 10-K for the year ended December 30, 2023.

New Accounting Standards (Notes

New Accounting Standards (Notes)	9 Months Ended
	Sep. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Standards	New Accounting Standards Accounting Standards Not Yet Adopted Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures: In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2023-07 to improve segment disclosure requirements under Accounting Standards Codification (“ASC”) 280, Segment Reporting, through enhancing disclosures about significant segment expenses. The guidance requires entities to provide significant segment expenses that are regularly provided to the chief operating decision maker and other segment expenses included in each reported measure of segment profitability. This ASU also enhances interim segment reporting requirements by aligning interim disclosures with information that must be disclosed annually in accordance with ASC 280. This ASU will be effective beginning in 2024 for annual reports and in 2025 for quarterly reports. Early adoption is permitted. The new guidance must be applied retrospectively to all prior periods presented in the financial statements, with the significant segment expense and other segment item amounts disclosed based on categories identified in the period of adoption. We are still evaluating the impacts this ASU will have on our notes to the consolidated financial statements. Income Taxes (Topic 740) – Improvements to Income Tax Disclosures: In December 2023, the FASB issued ASU 2023-09 to improve income tax disclosure requirements under ASC 740, Income Taxes . The guidance requires entities to provide separate information about a reporting entity’s effective tax rate reconciliation and about income taxes paid. This ASU will be effective for annual periods beginning after December 15, 2024 and will impact our 2025 annual report. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. While the standard will require additional disclosures related to the Company’s income taxes, we do not expect this ASU to have a significant impact on our financial statements.

Acquisitions and Divestitures (

Acquisitions and Divestitures (Notes)	9 Months Ended
	Sep. 28, 2024
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Divestitures	Acquisitions and Divestitures Divestitures Russia Infant Transaction: On March 11, 2024, we closed and finalized the sale of our infant nutrition business in Russia to a third party for total cash consideration of approximately $25 million (the “Russia Infant Transaction”). As a result of the Russia Infant Transaction, we recognized an insignificant pre-tax gain in other expense/(income) on our condensed consolidated statement of income in the first quarter of 2024. Papua New Guinea Transaction: On February 5, 2024, we closed and finalized the sale of 100% of the equity interests in our Papua New Guinea subsidiary, Hugo Canning Company Limited, to a third party for total cash consideration of approximately $22 million, which is to be paid incrementally over two years following the transaction closing date (the “Papua New Guinea Transaction”). As a result of the Papua New Guinea Transaction, we recognized a pre-tax loss on sale of business of approximately $80 million in other expense/(income) on our condensed consolidated statement of income in the first quarter of 2024, of which approximately $41 million relates to the release of accumulated foreign currency losses. Deal Costs: We incurred insignificant deal costs for the three and nine months ended September 28, 2024 and the three and nine months ended September 30, 2023 related to our divestitures. We recognized these deal costs in selling, general and administrative expenses (“SG&A”).

Restructuring Activities (Notes

Restructuring Activities (Notes)	9 Months Ended
	Sep. 28, 2024
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 30, 2023 for additional information on our restructuring activities. Restructuring Activities: We have restructuring programs globally, which are focused primarily on streamlining our organizational design. For the nine months ended September 28, 2024, we eliminated approximately 100 positions related to these programs. As of September 28, 2024, we expect to eliminate approximately 40 additional positions during the remainder of 2024. For the three months ended September 28, 2024, restructuring activities resulted in income of $7 million, which included a net benefit of $6 million from other restructuring costs and a net benefit of $1 million from severance and employee benefit costs. For the nine months ended September 28, 2024, restructuring activities resulted in income of $8 million, which included a net benefit of $7 million from severance and employee benefit costs and a net benefit of $1 million from other restructuring costs. Restructuring activities resulted in expenses of $45 million for the three months and $27 million for the nine months ended September 30, 2023. Our net liability balance for restructuring project costs that qualify as exit and disposal costs under U.S. GAAP was (in millions): Severance and Employee Benefit Costs Other Exit Costs Total Balance at December 30, 2023 $ 23 $ 14 $ 37 Charges/(credits) (7) — (7) Cash payments (13) (1) (14) Non-cash utilization 1 — 1 Balance at September 28, 2024 $ 4 $ 13 $ 17 We expect the majority of the liability for severance and employee benefit costs as of September 28, 2024 to be paid by the end of 2024. 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 2024 and 2031. Total Expenses/(Income): Total expense/(income) related to restructuring activities, by income statement caption, were (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Severance and employee benefit costs - Cost of products sold $ (1) $ 2 $ (1) $ 7 Severance and employee benefit costs - SG&A — — (5) (7) Severance and employee benefit costs - Other expense/(income) — — (1) 2 Asset-related costs - Cost of products sold — 41 — 32 Asset-related costs - SG&A — — — (1) Other costs - Cost of products sold 1 1 3 5 Other costs - SG&A — 1 3 (11) Other costs - Other expense/(income) (7) — (7) — $ (7) $ 45 $ (8) $ 27 We do not include our restructuring activities within Segment Adjusted Operating Income (as defined in Note 16, Segment Reporting ). The pre-tax impact of allocating such expenses/(income) to our segments would have been (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 North America $ — $ 9 $ (1) $ (1) International Developed Markets (8) — (10) (1) Emerging Markets (a) — 36 — 42 General corporate expenses 1 — 3 (13) $ (7) $ 45 $ (8) $ 27

Inventories (Notes)

Inventories (Notes)	9 Months Ended
	Sep. 28, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (in millions): September 28, 2024 December 30, 2023 Packaging and ingredients $ 970 $ 1,014 Spare parts 247 233 Work in process 348 338 Finished products 2,307 2,029 Inventories $ 3,872 $ 3,614

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Notes)	9 Months Ended
	Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill: As described in Note 1, Basis of Presentation , in the first quarter of 2024, we divided our International segment into three operating segments — EPDM, WEEM, and AEM. While this reorganization resulted in a change to our operating segments, it did not impact the existing composition of our reporting units that formerly comprised the goodwill balance of our International segment — Northern Europe, Continental Europe, Latin America (“LATAM”), and Asia — and, therefore, was not indicative of an impairment triggering event. We have reflected the impact of this segment change in all historical periods presented. As of March 31, 2024, which was the first day of our second quarter of 2024, certain organizational changes occurred that impacted our reporting unit composition within our North America segment (the “Q2 North America reorganization”). Two of our North America reporting units — Taste, Meals, and Away From Home (“TMA”), and Fresh, Beverages, and Desserts (“FBD”) — were reorganized into the four reporting units: Taste Elevation, Ready Meals and Snacking (“TMS”), Hydration & Desserts (“HD”), Meat & Cheese (“MC”), and Away from Home & Kraft Heinz Ingredients (“AFH”). The Canada and North America Coffee (“CNAC”) and Other North America reporting units were not impacted by this reorganization. Changes in the carrying amount of goodwill, by segment, were (in millions): North America International Developed Markets Emerging Markets Total Balance at December 30, 2023 $ 27,248 $ 2,687 $ 524 $ 30,459 Impairment losses (898) (479) (184) (1,561) Translation adjustments and other (14) 85 (23) 48 Balance at September 28, 2024 $ 26,336 $ 2,293 $ 317 $ 28,946 2024 Year-to-Date Goodwill Impairment Testing As a result of the Q2 North America reorganization, we reassigned assets and liabilities to the applicable reporting units and allocated goodwill using the relative fair value approach. We performed an interim impairment test (or “2024 transition test”) on the affected reporting units on both a pre- and post-reorganization basis. As part of our Q2 North America pre-reorganization impairment test of the TMA and FBD reporting units, we utilized the discounted cash flow method under the income approach to estimate the fair values as of March 31, 2024, for these two reporting units and concluded that the fair value of these reporting units exceeded their carrying values and no impairment was recorded. We performed our Q2 North America post-reorganization impairment test as of March 31, 2024, and tested the new North America reporting units (TMS, HD, MC and AFH). 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 Q2 North America post-reorganization impairment test, we recognized a non-cash impairment loss of approximately $854 million in SG&A in our North America segment in the second quarter of 2024. The $854 million impairment loss related to our MC reporting unit, which had a goodwill carrying amount of approximately $2.5 billion after impairment. The impairment of our MC reporting unit was driven by the disaggregation of the former FBD reporting unit, which previously held all the net assets for the HD and MC reporting units as well as the Snacking category of TMS. The other three reporting units for which no impairment charge was required were TMS, which had a goodwill carrying amount of approximately $15.9 billion; HD, which had a goodwill carrying amount of approximately $4.3 billion; and AFH, which had a goodwill carrying amount of approximately $2.8 billion. We performed our 2024 annual impairment test as of June 30, 2024, which was the first day of our third quarter of 2024. 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 2024 annual impairment test, we recognized non-cash goodwill impairment losses in SG&A of approximately $479 million related to our Continental Europe reporting unit within our International Developed Markets segment, $184 million related to our LATAM reporting unit within Emerging Markets, and $44 million related to our AFH reporting unit within our North America segment. The impairment of our Continental Europe reporting unit was primarily driven by a reduction of future year profitability assumptions from prior estimates in non-core categories and the Just Spices business, as well as higher intercompany royalty expenses resulting from a change in our product mix. The impairment of our LATAM reporting unit was primarily driven by a reduction of future year profitability assumptions from prior estimates and negative macroeconomic factors, including weakening of the foreign currency exchange rate of the Brazilian real relative to the U.S. dollar. After these impairments, the goodwill carrying amount is approximately $2.8 billion in our AFH reporting unit, approximately $501 million in our Continental Europe reporting unit, and there is no goodwill carrying value remaining in our LATAM reporting unit. In performing these tests, we incorporated information that was known through the date of filing this Quarterly Report on Form 10-Q. As of the 2024 annual impairment test, our reporting units with 20% or less fair value over carrying amount had an aggregate goodwill carrying amount of $24.2 billion and included TMS, MC, AFH, CNAC, Northern Europe, and Continental Europe. Our HD and Asia reporting units had 20-50% fair value over carrying amount with an aggregate goodwill carrying amount of $4.6 billion as of our 2024 annual impairment test date. As of September 28, 2024, we maintain 12 reporting units, eight of which comprise our goodwill balance. These eight reporting units had an aggregate goodwill carrying amount of $28.9 billion at September 28, 2024. Accumulated impairment losses to goodwill were $13.4 billion as of September 28, 2024 and $11.8 billion as of December 30, 2023. 2023 Year-to-Date Goodwill Impairment Testing We performed our 2023 annual impairment test as of July 2, 2023, which was the first day of our third quarter of 2023. In performing this test, we incorporated information that was known through the date of filing our Quarterly Report on Form 10-Q for the period ended September 30, 2023. 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 2023 annual impairment test, we recognized a non-cash goodwill impairment loss of approximately $510 million in SG&A, which included a $452 million impairment loss in our Canada and North America Coffee (“CNAC”) reporting unit within our North America segment and a $58 million impairment loss in our Continental Europe reporting unit within our former International segment. These impairments were primarily driven by an increase in the discount rate, which was impacted by higher interest rates, a decline in market capitalization, and other market inputs. 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 (including net sales, cost of products sold, SG&A, depreciation and amortization, working capital, and capital expenditures), 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, market capitalization, income tax rates, foreign currency exchange rates, or inflation, 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 has led and could in the future lead to goodwill impairments. Our reporting units that were impaired in 2024 and 2023 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 our other reporting units that had 20% or less excess fair value over carrying amount as of our 2024 annual impairment test have a heightened risk of future impairments if any assumptions, estimates, or market factors change in the future. Although the remaining reporting units had more than 20% excess fair value over carrying amount as of our 2024 annual impairment test, this amount is also susceptible to impairments if any assumptions, estimates, or market factors significantly change in the future. Indefinite-lived intangible assets: Changes in the carrying amount of indefinite-lived intangible assets, which primarily consisted of trademarks, were (in millions): Balance at December 30, 2023 $ 38,502 Impairment losses (593) Translation adjustments and other 137 Balance at September 28, 2024 $ 38,046 2024 Year-to-Date Indefinite-Lived Intangible Asset Impairment Testing Our indefinite-lived intangible asset balance primarily consists of a number of individual brands, which had an aggregate carrying amount of $38.0 billion at September 28, 2024. As a result of our 2024 annual impairment test as of June 30, 2024, we recognized non-cash intangible asset impairment losses of $593 million in SG&A in the third quarter of 2024 related to our Lunchables, Claussen, and Wattie’s brands. We utilized the relief from royalty method under the income approach to estimate the fair values and recorded non-cash impairment losses of $560 million in our North America segment and $33 million in our International Developed Markets segment, consistent with ownership of the trademarks. The impairments of the Lunchables and Wattie’s brands were primarily due to a reduction of future year revenue growth and margin assumptions from prior estimates. The impairment of the Claussen brand was primarily due to a reduction of future year margin assumptions from prior estimates. After these impairments, the aggregate carrying amount of these brands was $1.2 billion. As of the 2024 annual impairment test, brands with 20% or less fair value over carrying amount had an aggregate carrying amount after impairment of $18.1 billion, brands with 20-50% fair value over carrying amount had an aggregate carrying amount of $2.8 billion, and brands that had over 50% fair value over carrying amount had an aggregate carrying amount of $16.9 billion. 2023 Year-to-Date Indefinite-Lived Intangible Asset Impairment Testing As a result of our 2023 annual impairment test as of July 2, 2023, we recognized non-cash intangible asset impairment losses of $152 million in SG&A in the third quarter of 2023 related to Maxwell House, Cool Whip, and two other brands. We utilized the relief from royalty method under the income approach to estimate the fair values and recorded non-cash impairment losses of $139 million in our North America segment and $13 million in our former International segment, consistent with ownership of the trademarks. The impairment of these four brands was primarily due to an increase in the discount rate, which was impacted by higher interest rates, a decline in market capitalization, and other market inputs, as well as sustained expectations of declining revenue growth in future years and decreased margin expectations. As part of the 2023 annual impairment test, we reclassified two indefinite-lived intangible assets to definite-lived intangible assets related to trademarks in our former International segment that had a history of impairment and limited capital investment. After the fair value assessment of these brands as part of the 2023 annual impairment test, we transferred $73 million from indefinite-lived intangible assets to definite-lived trademarks as of July 2, 2023, and recognized three months of amortization expense as of September 30, 2023. 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, market capitalization, income tax rates, foreign currency exchange rates, or inflation, 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 has led and could in the future lead to intangible asset impairments. Our brands that were impaired in 2024 and 2023 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 had 20% or less excess fair value over carrying amount as of our 2024 annual impairment test have a heightened risk of future impairments if any assumptions, estimates, or market factors change in the future. Although the remaining brands had more than 20% excess fair value over carrying amount as of our 2024 annual impairment test, these amounts are also susceptible to impairments if any assumptions, estimates, or market factors significantly change in the future. Definite-lived intangible assets: Definite-lived intangible assets were (in millions): September 28, 2024 December 30, 2023 Gross Accumulated Net Gross Accumulated Net Trademarks $ 2,442 $ (886) $ 1,556 $ 2,313 $ (755) $ 1,558 Customer-related assets 3,715 (1,524) 2,191 3,710 (1,331) 2,379 Other 12 (3) 9 12 (3) 9 $ 6,169 $ (2,413) $ 3,756 $ 6,035 $ (2,089) $ 3,946 In the second quarter of 2024, we entered into an amended license agreement to grant us the exclusive, irrevocable, royalty-free, and perpetual right to use certain TGI Friday trademarks to manufacture, distribute, market, and sell certain TGI Friday licensed products (the “TGI Friday License”). The total cash consideration related to the TGI Friday License was approximately $140 million. We recognized this TGI Friday License as a definite-lived intangible asset to be amortized over its 27-year useful life. In the third quarter of 2024, we recognized non-cash definite-lived intangible asset impairment losses of $128 million in SG&A related to the Just Spices trademark and customer-related assets. We utilized the relief from royalty method under the income approach for the trademark and the distributor method under the income approach for the customer-related assets to estimate the fair values and recorded non-cash impairment losses in our Continental Europe reporting unit within our International Developed Markets segment, consistent with ownership of the trademarks and customer-related assets. The impairment of Just Spices trademark and customer-related assets were primarily due to a reduction of future year revenue growth and margin assumptions from prior expectations. Amortization expense for definite-lived intangible assets was $62 million for the three months and $191 million for the nine months ended September 28, 2024, and $61 million for the three months and $187 million for the nine months ended September 30, 2023. Aside from amortization expense, the change in definite-lived intangible assets from December 30, 2023 to September 28, 2024, primarily related to the acquisition of the TGI Friday License, the $128 million of non-cash impairment losses related to the Just Spices trademark and customer-related assets within our International Developed Markets segment, and the impacts of foreign currency. We estimate that amortization expense related to definite-lived intangible assets will be approximately $250 million in 2024, $250 million in each of the following three years, and $240 million in 2028 and 2029.

Income Taxes (Notes)

Income Taxes (Notes)	9 Months Ended
	Sep. 28, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes consists of provisions for federal, state, and non-U.S. 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 is 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 cause us to revalue our deferred tax balances produce 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 estimated annual effective tax rate was 20.5% as of September 28, 2024, and 20.5% as of September 30, 2023. Our effective tax rate for the three months ended September 28, 2024 was an expense of 2.5% on pre-tax loss, which included the net unfavorable effective tax rate impact of goodwill and intangible asset impairment losses of 23.1%. In addition to the impact of these non-cash impairment losses, our effective tax rate was unfavorably impacted by the establishment of valuation allowances in certain foreign jurisdictions, partially offset by the favorable changes in estimates of certain 2023 U.S. income and deductions and the geographic mix of pre-tax income in various non-U.S. jurisdictions. Our effective tax rate for the three months ended September 30, 2023 was an expense of 44.7% on pre-tax income, which included the net unfavorable effective tax rate impact of goodwill and intangible asset impairment losses of 24.3%. In addition to the impact of these non-cash impairment losses, our effective tax rate was favorably impacted by changes in estimates of certain 2022 U.S. income and deductions as well as the geographic mix of pre-tax income in various non-U.S. jurisdictions, partially offset by certain net discrete items including a net increase in uncertain tax position reserves. The year-over-year change in the effective tax rate for the three-month period was primarily due to the unfavorable impact of goodwill and intangible asset impairment losses and the establishment of valuation allowances in certain foreign jurisdictions, partially offset by more favorable changes in estimates of certain 2022 U.S. income and deductions in the prior year period. Our effective tax rate for the nine months ended September 28, 2024 was an expense of 43.9% on pre-tax income, which included the net unfavorable effective tax rate impact of goodwill and intangible asset impairment losses of 22.9%. In addition to the impact of these non-cash impairment losses, our effective tax rate was unfavorably impacted by certain net discrete items including the establishment of valuation allowances in certain foreign jurisdictions, partially offset by the favorable geographic mix of pre-tax income in various non-U.S. jurisdictions. Our effective tax rate for the nine months ended September 30, 2023 was an expense of 22.1% on pre-tax income, which included the net unfavorable effective tax rate impact of goodwill and intangible asset impairment losses of 3.9%. In addition to the impact of these non-cash impairment losses, our effective tax rate was favorably impacted by the geographic mix of pre-tax income in various non-U.S. jurisdictions and certain net discrete items, including the net decrease in uncertain tax position reserves primarily in the U.S. resulting from a conclusion of the Internal Revenue Service’s (“IRS”) income tax examination for the year 2017 and the lapsing of the statute of limitations for such year (2.1%), as well as favorable changes in estimates of certain 2022 U.S. income and deductions. These impacts were partially offset by the impact of certain unfavorable net discrete items. The year-over-year increase in the effective tax rate for the nine-month period was primarily due to the unfavorable impact of goodwill and intangible asset impairment losses, the establishment of valuation allowances in certain foreign jurisdictions, and the impact of a net decrease in uncertain tax position reserves in the prior year period. Other Income Tax Matters: We are currently under examination for income taxes by the IRS for the years 2018 through 2022. In the third quarter of 2023, we received two Notices of Proposed Adjustment (the “NOPAs”) relating to transfer pricing with our foreign subsidiaries. The NOPAs propose an increase to our U.S. taxable income that could result in additional U.S. federal income tax expense and liability of approximately $200 million for 2018 and approximately $210 million for 2019, excluding interest, and assert penalties of approximately $85 million for each of 2018 and 2019. We strongly disagree with the IRS’s positions, believe that our tax positions are well documented and properly supported, and intend to vigorously contest the positions taken by the IRS and pursue all available administrative and judicial remedies. Therefore, we have not recorded any reserves related to this issue. We continue to maintain the same operating model and transfer pricing methodology with our foreign subsidiaries that was in place for the years 2018 and 2019, and the IRS began its audit of 2020, 2021, and 2022 during the first quarter of 2024. We believe our income tax reserves are appropriate for all open tax years and that final adjudication of this matter will not have a material impact on our results of operations and cash flows. However, the ultimate outcome of this matter is uncertain, and if we are required to pay the IRS additional U.S. taxes, interest, and/or potential penalties, our results of operations and cash flows could be materially affected.

Employees' Stock Incentive Plan

Employees' Stock Incentive Plans (Notes)	9 Months Ended
	Sep. 28, 2024
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 30, 2023 8,022,540 $ 46.87 Granted 654,724 35.13 Forfeited (1,467,229) 46.75 Exercised (308,010) 25.95 Outstanding at September 28, 2024 6,902,025 46.71 The aggregate intrinsic value of stock options exercised during the period was insignificant for the nine months ended September 28, 2024 . 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 30, 2023 7,722,870 $ 36.80 Granted 3,085,347 35.33 Forfeited (731,541) 37.23 Vested (3,242,886) 34.12 Outstanding at September 28, 2024 6,833,790 37.36 The aggregate fair value of RSUs that vested during the period was $115 million for the nine months ended September 28, 2024. 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 30, 2023 4,855,432 $ 33.65 Granted 2,591,382 29.14 Forfeited (833,074) 32.36 Vested (1,143,479) 33.36 Outstanding at September 28, 2024 5,470,261 31.76 The aggregate fair value of PSUs that vested during the period was $40 million for the nine months ended September 28, 2024.

Postemployment Benefits (Notes)

Postemployment Benefits (Notes)	9 Months Ended
	Sep. 28, 2024
Retirement Benefits [Abstract]
Postemployment Benefits	Postemployment Benefits See our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 30, 2023 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. Plan Non-U.S. Plans September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Service cost $ — $ — $ 2 $ 2 Interest cost 33 35 14 17 Expected return on plan assets (49) (48) (21) (23) Amortization of prior service costs/(credits) 1 — — 1 Amortization of unrecognized losses/(gains) — — 3 4 Other — — (7) — Net pension cost/(benefit) $ (15) $ (13) $ (9) $ 1 For the Nine Months Ended U.S. Plan Non-U.S. Plans September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Service cost $ 1 $ 1 $ 5 $ 5 Interest cost 100 106 42 50 Expected return on plan assets (147) (146) (63) (66) Amortization of prior service costs/(credits) 1 — 1 1 Amortization of unrecognized losses/(gains) — — 9 10 Special/contractual termination benefits — — (1) 2 Other — — (7) — Net pension cost/(benefit) $ (45) $ (39) $ (14) $ 2 We present all non-service cost components of net pension cost/(benefit) within other expense/(income) on our condensed consolidated statements of income. Employer Contributions: Related to our non-U.S. pension plans, we contributed $5 million during the nine months ended September 28, 2024 and plan to make further contributions of approximately $2 million during the remainder of 2024. We did not contribute to our U.S. pension plan during the nine months ended September 28, 2024 and do not plan to make contributions during the remainder of 2024. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for the remainder of 2024. 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. In 2023, we settled one of our U.K. defined benefit pension plans, which resulted in a surplus asset. During the third quarter of 2024, the surplus asset was distributed to Kraft Heinz as a negative contribution in the amount of $29 million net of tax, which is shown as a cash inflow on the Consolidated Statements of Cash Flows. Postretirement Plans Components of Net Postretirement Cost/(Benefit): Net postretirement cost/(benefit) consisted of the following (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Service cost $ 1 $ 1 $ 2 $ 2 Interest cost 8 10 24 28 Expected return on plan assets (14) (14) (42) (41) Amortization of prior service costs/(credits) (3) (4) (8) (11) Amortization of unrecognized losses/(gains) (5) (3) (16) (11) Net postretirement cost/(benefit) $ (13) $ (10) $ (40) $ (33) We present all non-service cost components of net postretirement cost/(benefit) within other expense/(income) on our condensed consolidated statements of income. Employer Contributions: During the nine months ended September 28, 2024, we contributed $8 million to our postretirement benefit plans. We plan to make further contributions of approximately $4 million to our postretirement benefit plans during the remainder of 2024. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for the remainder of 2024. 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)	9 Months Ended
	Sep. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments See our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 30, 2023 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 September 28, 2024 December 30, 2023 Commodity contracts $ 1,032 $ 954 Foreign exchange contracts 4,399 4,618 Cross-currency contracts 7,397 6,133 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): September 28, 2024 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 $ 38 $ 9 $ 38 Cross-currency contracts (b) — — 142 254 142 254 Derivatives not designated as hedging instruments: Commodity contracts (c) 36 48 6 7 42 55 Foreign exchange contracts (a) — — 19 26 19 26 Cross-currency contracts (b) — — 9 — 9 — Total fair value $ 36 $ 48 $ 185 $ 325 $ 221 $ 373 (a) At September 28, 2024, the fair value of our derivative assets was recorded in other current assets ($27 million) and other non-current assets ($1 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($48 million) and other non-current liabilities ($16 million). (b) At September 28, 2024, the fair value of our derivative assets was recorded in other current assets ($58 million) and other non-current assets ($93 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($45 million) and other non-current liabilities ($209 million). (c) At September 28, 2024, the fair value of our derivative assets was recorded in other current assets ($40 million) and other non-current assets ($2 million), and the fair value of derivative liabilities was recorded in other current liabilities ($49 million) and non-current liabilities ($6 million). December 30, 2023 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) $ — $ — $ 12 $ 42 $ 12 $ 42 Cross-currency contracts (b) — — 140 165 140 165 Derivatives not designated as hedging instruments: Commodity contracts (c) 20 59 3 7 23 66 Foreign exchange contracts (a) — — 17 23 17 23 Total fair value $ 20 $ 59 $ 172 $ 237 $ 192 $ 296 (a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($21 million) and other non-current assets ($8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($51 million) and other non-current liabilities ($14 million). (b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($37 million) and other non-current assets ($103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($31 million) and other non-current liabilities ($134 million). (c) At December 30, 2023, 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 ($64 million) and other non-current liabilities ($2 million). 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 $152 million at September 28, 2024 and $130 million at December 30, 2023. We had posted collateral related to commodity derivative margin requirements of $12 million at September 28, 2024 and $41 million at December 30, 2023, which were included in prepaid expenses 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 contracts. 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 contracts 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 September 28, 2024, we had the following items designated as net investment hedges: • Non-derivative foreign-currency denominated debt with principal amounts of €300 million and £400 million; and • Cross-currency contracts with notional amounts of C$1.8 billion ($1.3 billion), €2.1 billion ($2.3 billion), JPY9.6 billion ($68 million), and CNY2.5 billion ($344 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 September 28, 2024, we had a euro intercompany loan with a notional amount of $363 million designated as a net investment hedge. 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-currency denominated debt. Cash Flow Hedge Coverage: At September 28, 2024, we had entered into foreign exchange contracts designated as cash flow hedges for periods not exceeding the next 22 months and into cross-currency contracts designated as cash flow hedges for periods not exceeding the next 54 months. Fair Value Hedge Coverage: In 2024, we designated cross-currency contracts as fair value hedges of the foreign currency exposure of foreign currency denominated intercompany loans. At September 28, 2024, the notional amounts of the cross-currency contracts were £683 million ($864 million) and MXN4.8 billion ($251 million) and the carrying value of the hedged items was $1.2 billion. The gains/(losses) on the hedged item, driven by changes in foreign exchange rates, are economically offset by fair value movements on the effective portion of our cross-currency contract, which is reported in the same income statement line item in the same period. The amounts excluded from the assessment of effectiveness are recognized in earnings over the life of the hedge on a systematic and rational basis in the same line item as the hedged item. Deferred Hedging Gains and Losses on Fair Value and Cash Flow Hedges: Based on our valuation at September 28, 2024 and assuming market rates remain constant through contract maturities, we expect transfers to net income/(loss) of the existing losses reported in accumulated other comprehensive income/(losses) on interest rate cash flow hedges, cross-currency cash flow hedges, and cross-currency fair value hedges during the next 12 months to be insignificant. Additionally, we expect transfers to net income/(loss) of the existing gains reported in accumulated other comprehensive income/(losses) on foreign-currency cash flow hedges during the next 12 months to 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 Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Cash flow hedges: Foreign exchange contracts $ (14) $ 29 $ 17 $ 11 Cost of products sold Foreign exchange contracts (excluded component) 1 (3) (5) (6) Cost of products sold Foreign exchange contracts (2) — (2) — SG&A Foreign exchange contracts (38) — (11) — Other expense/(income) Foreign exchange contracts (excluded component) 5 — 5 — Other expense/(income) Cross-currency contracts 61 (14) 2 20 Other expense/(income) Cross-currency contracts (excluded component) — 7 — 20 Other expense/(income) Cross-currency contracts (6) (7) (21) (20) Interest expense Interest rate contracts — — — (3) Interest expense Net investment hedges: Foreign exchange contracts (3) 1 (3) 4 Other expense/(income) Foreign exchange contracts (excluded component) 1 — 1 1 Interest expense Cross-currency contracts (101) 77 5 7 Other expense/(income) Cross-currency contracts (excluded component) 10 10 34 27 Interest expense Fair value hedges: Cross-currency contracts (excluded component) (24) — (21) — Other expense/(income) Total gains/(losses) recognized in statements of comprehensive income $ (110) $ 100 $ 1 $ 61 Derivative Impact on the Statements of Income: The following tables present the pre-tax amounts of derivative gains/(losses) recorded to net income/(loss) and the affected income statement line items (in millions): For the Three Months Ended September 28, 2024 September 30, 2023 Cost of products sold 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 $ 4,197 $ 230 $ (48) $ 4,335 $ 228 $ (35) Gains/(losses) related to derivatives designated as hedging instruments: Cash flow hedges: (a) Foreign exchange contracts $ 4 $ — $ (39) $ 8 $ — $ — Foreign exchange contracts (excluded component) (1) — 3 (3) — — Cross-currency contracts — (6) 81 — (8) (31) Cross-currency contracts (excluded component) — — — — — 7 Net investment hedges: (a) Foreign exchange contracts (excluded component) — 1 — — 1 — Cross-currency contracts (excluded component) — 10 — — 9 — Fair Value hedges: Cross-currency contracts — — (56) — — — Hedged items (b) — — 56 — — — Gains/(losses) related to derivatives not designated as hedging instruments: Commodity contracts (6) — — 24 — — Foreign exchange contracts — — — — — (5) Cross-currency contracts — — 13 — — (1) Total gains/(losses) recognized in statements of income $ (3) $ 5 $ 58 $ 29 $ 2 $ (30) (a) Represents the pre-tax amounts of derivative gains/(losses) reclassified from accumulated other comprehensive income/(losses) to net income/(loss). (b) Represents the pre-tax amounts of the hedged items gains/(losses) in fair value hedges. For the Nine Months Ended September 28, 2024 September 30, 2023 Cost of products sold 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 $ 12,547 $ 685 $ (56) $ 13,171 $ 683 $ (94) Gains/(losses) related to derivatives designated as hedging instruments: Cash flow hedges: (a) Foreign exchange contracts $ 9 $ — $ (12) $ 27 $ — $ — Foreign exchange contracts (excluded component) (5) — 6 (8) — — Cross-currency contracts — (21) 23 — (21) (2) Cross-currency contracts (excluded component) — — — — — 20 Net investment hedges: (a) Foreign exchange contracts (excluded component) — 1 — — 1 — Cross-currency contracts (excluded component) — 34 — — 26 — Fair Value hedges: Cross-currency contracts — — (63) — — — Hedged items (b) — — 63 — — — Gains/(losses) related to derivatives not designated as hedging instruments: Commodity contracts (4) — — (50) — — Foreign exchange contracts — — 9 — — (12) Interest rates contracts (c) — — (3) — — — Cross-currency contracts — — (6) — — 2 Total gains/(losses) recognized in statements of income $ — $ 14 $ 17 $ (31) $ 6 $ 8 (a) Represents the pre-tax amounts of derivative gains/(losses) reclassified from accumulated other comprehensive income/(losses) to net income/(loss). (b) Represents the pre-tax amounts of the hedged items gains/(losses) in fair value hedges. (c) Represents recognition of realized hedge losses resulting from the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring. Non-Derivative Impact on Statements of Comprehensive Income: Related to our non-derivative foreign currency denominated debt instruments designated as net investment hedges, we recognized pre-tax losses of $66 million for the three months and $35 million for the nine months ended September 28, 2024 and pre-tax gains of $44 million for the three months and $12 million for the nine months ended September 30, 2023. These amounts were recognized in other comprehensive income/(loss).

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Losses) (Notes)	9 Months Ended
	Sep. 28, 2024
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 Net Fair Value Hedges Total Balance as of December 30, 2023 $ (2,634) $ 15 $ 15 $ — $ (2,604) Foreign currency translation adjustments 108 — — — 108 Net deferred gains/(losses) on net investment hedges (25) — — — (25) Amounts excluded from the effectiveness assessment of net investment hedges 27 — — — 27 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (27) — — — (27) Net deferred gains/(losses) on cash flow hedges — — (5) — (5) Amounts excluded from the effectiveness assessment of cash flow hedges — — 5 — 5 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) — — (7) — (7) Amounts excluded from the effectiveness assessment of fair value hedges — — — (9) (9) Net postemployment benefit losses/(gains) reclassified to net income/(loss) — (10) — — (10) Total other comprehensive income/(loss) 83 (10) (7) (9) 57 Balance as of September 28, 2024 $ (2,551) $ 5 $ 8 $ (9) $ (2,547) The gross amount and related tax benefit/(expense) recorded in, and associated with, each component of other comprehensive income/(loss) were as follows (in millions): For the Three Months Ended September 28, 2024 September 30, 2023 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 362 $ — $ 362 $ (352) $ — $ (352) Net deferred gains/(losses) on net investment hedges (170) 42 (128) 122 (30) 92 Amounts excluded from the effectiveness assessment of net investment hedges 11 (2) 9 10 (3) 7 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (11) 2 (9) (10) 2 (8) Net deferred gains/(losses) on cash flow hedges 1 (9) (8) 8 6 14 Amounts excluded from the effectiveness assessment of cash flow hedges 6 — 6 4 (1) 3 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) (42) 16 (26) 27 (14) 13 Amounts excluded from the effectiveness assessment of fair value hedges (24) 12 (12) — — — Net postemployment benefit losses/(gains) reclassified to net income/(loss) (4) 1 (3) (2) 1 (1) For the Nine Months Ended September 28, 2024 September 30, 2023 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 108 $ — $ 108 $ (62) $ — $ (62) Net deferred gains/(losses) on net investment hedges (33) 8 (25) 23 (6) 17 Amounts excluded from the effectiveness assessment of net investment hedges 35 (8) 27 28 (7) 21 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (35) 8 (27) (27) 6 (21) Net deferred gains/(losses) on cash flow hedges (15) 10 (5) 8 (3) 5 Amounts excluded from the effectiveness assessment of cash flow hedges — 5 5 14 (1) 13 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) 3 (10) (7) (16) (2) (18) Amounts excluded from the effectiveness assessment of fair value hedges (21) 12 (9) — — — Net postemployment benefit losses/(gains) reclassified to net income/(loss) (13) 3 (10) (11) 3 (8) 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 Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Losses/(gains) on net investment hedges: Foreign exchange contracts (a) $ (1) $ (1) $ (1) $ (1) Interest expense Cross-currency contracts (a) (10) (9) (34) (26) Interest expense Losses/(gains) on cash flow hedges: Foreign exchange contracts (b) (3) (5) (4) (19) Cost of products sold Foreign exchange contracts (b) 36 — 6 — Other expense/(income) Cross-currency contracts (b) (81) 24 (23) (18) Other expense/(income) Cross-currency contracts (b) 6 8 21 21 Interest expense Interest rate contracts (c) — — 3 — Other expense/(income) Losses/(gains) on hedges before income taxes (53) 17 (32) (43) Losses/(gains) on hedges, income taxes 18 (12) (2) 4 Losses/(gains) on hedges $ (35) $ 5 $ (34) $ (39) Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) (d) $ (2) $ 1 $ (7) $ (1) Amortization of prior service costs/(credits) (d) (2) (3) (6) (10) Losses/(gains) on postemployment benefits before income taxes (4) (2) (13) (11) Losses/(gains) on postemployment benefits, income taxes 1 1 3 3 Losses/(gains) on postemployment benefits $ (3) $ (1) $ (10) $ (8) (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 recognition of realized hedge losses resulting from the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring. (d) These components are included in the computation of net periodic postemployment benefit costs. See Note 10, Postemployment Benefits , for additional information. In this note we have excluded activity and balances related to noncontrolling interest due to their insignificance. This activity was primarily related to foreign currency translation adjustments.

Financing Arrangements (Notes)

Financing Arrangements (Notes)	9 Months Ended
	Sep. 28, 2024
Transfers and Servicing [Abstract]
Financing Arrangements	Financing Arrangements Transfers of Financial Assets: We have 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. There were no receivables sold under this accounts receivable factoring program during the three and nine months ended September 28, 2024, and no amounts outstanding as of September 28, 2024. Receivables sold under this accounts receivable factoring program were $242 million during the three months and $863 million during the nine months ended September 30, 2023, and there were no amounts outstanding as of December 30, 2023. There were no incremental costs of factoring receivables under this arrangement for the three and nine months ended September 28, 2024 and there was an insignificant amount for the three and nine months ended September 30, 2023. The proceeds from the sales of receivables are included in cash flows from operating activities on the condensed consolidated statement of cash flows. Trade Payables Programs:

Commitments, Contingencies and

Commitments, Contingencies and Debt (Notes)	9 Months Ended
	Sep. 28, 2024
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: Certain of The Kraft Heinz Company’s current and former officers and directors and 3G Capital, Inc. and several of its subsidiaries and affiliates (the “3G Entities”) were named as defendants in two stockholder derivative actions previously pending in the Delaware Court of Chancery, Datnoff, et al. v. Behring, et al., which was filed on May 6, 2022, and Felicetti, et al. v. Behring, et al., which was filed on March 6, 2023. The complaints alleged state law claims and contended that The Kraft Heinz Company’s Board of Directors wrongfully refused plaintiffs’ demands to pursue legal action against the named defendants. Specifically, the complaints alleged that certain of the 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. The complaints further alleged that the 3G Entities and certain of the Company’s current and former officers and directors breached their fiduciary duties by engaging in insider trading and misappropriating the Company’s material, non-public information, or aided and abetted such alleged breaches of fiduciary duty. The complaints sought relief against the defendants, principally 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. The defendants filed a motion to dismiss the complaints, which the Delaware Chancery Court granted in an order dated July 23, 2024, dismissing the complaints with prejudice. The plaintiffs filed a notice of appeal on August 19, 2024, followed by a notice of voluntary dismissal of the appeal on September 3, 2024. The Delaware Supreme Court closed the case on September 4, 2024, formally concluding this matter in full. Certain of The Kraft Heinz Company’s current and former officers and directors and the 3G Entities were 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, alleged state law claims, contending that the 3G Entities were controlling stockholders 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 alleged 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 sought 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. The defendants filed a motion to dismiss the consolidated amended complaint, which motion the Delaware Chancery Court granted in an order dated December 15, 2021. The plaintiffs filed a notice of appeal on January 13, 2022, and the Delaware Supreme Court affirmed the trial court’s dismissal with prejudice of the consolidated amended complaint in an order dated August 1, 2022. One of the plaintiffs in said dismissed derivative litigation subsequently filed a new complaint, Erste Asset Management v. Hees, et al. , against certain current and former officers and directors of The Kraft Heinz Company on November 28, 2023 in the Delaware Court of Chancery, seeking to reinstate the plaintiff’s previously-dismissed claims and recover attorneys’ fees and costs incurred in the dismissed litigation on the basis of alleged newly discovered evidence. Specifically, the plaintiff alleges the 3G Entities caused the Company to make false and misleading public disclosures regarding the independence of two directors of The Kraft Heinz Company, one of whose independence plaintiff contends formed a basis for the court’s prior dismissal of the consolidated amended complaint. The defendants filed a motion to dismiss the complaint, which the Delaware Chancery Court granted in an order dated August 8, 2024, dismissing the complaint with prejudice. The plaintiff filed a notice of appeal on September 5, 2024. We intend to vigorously defend against this lawsuit; however, we cannot reasonably estimate the potential range of loss, if any, due to the early stage of the proceedings. Environmental Actions: Since March 2024, the Company has been engaged in ongoing discussions with the U.S. Department of Justice, joined by the U.S. Environmental Protection Agency (“U.S. EPA”) and the Indiana Department of Environmental Management, concerning alleged violations of the Clean Water Act related to a Company facility in Kendallville, Indiana. Previously, the Company entered into an Administrative Order on Consent with the U.S. EPA that requires the Company to implement a compliance plan to address related alleged violations of the Clean Water Act related to the facility in Kendallville, Indiana. While we cannot predict with certainty the resolution of these discussions, we do not expect that the ultimate costs to resolve this matter will have a material adverse effect 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. Borrowing Arrangements: Together with Kraft Heinz Foods Company (“KHFC”), our 100% owned operating subsidiary, we have a credit agreement, which provides for a five-year senior unsecured revolving credit facility in an aggregate amount of $4.0 billion (as amended, the “Senior Credit Facility”). On September 27, 2024, we entered into an agreement to extend the maturity date of our Senior Credit Facility from July 8, 2028 to July 8, 2029. See Note 16, Debt , to our consolidated financial statements in our Annual Report on Form 10-K for the year ended December 30, 2023 for information on our borrowing arrangements. Our long-term debt contains customary representations, covenants, and events of default. We were in compliance with all financial covenants as of September 28, 2024 . Debt Issuances: In the first quarter of 2024, KHFC, our 100% owned operating subsidiary, issued 550 million euro aggregate principal amount of 3.500% senior notes due March 2029 (the “2024 Notes”). The 2024 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 net proceeds from the 2024 Notes for general corporate purposes, including to fund the repayment of our 550 million euro senior notes that matured in May 2024. In May 2023, KHFC issued 600 million euro aggregate principal amount of floating rate senior notes due May 2025 (the “2023 Notes”). The 2023 Notes are fully and unconditionally guaranteed by The Kraft Heinz Company as to payment of principal and interest on a senior unsecured basis. We used the proceeds from the 2023 Notes for general corporate purposes, including to partially fund the repayment of our 750 million euro senior notes that matured in June 2023. Debt Issuance Costs: Debt issuance costs related to the 2024 Notes and 2023 Notes were insignificant. Debt Repayments: In May 2024, we repaid 550 million euro aggregate principal amount of senior notes that matured in the period. In June 2023, we repaid 750 million euro aggregate principal amount of senior notes that matured in the period. Fair Value of Debt: At September 28, 2024, the aggregate fair value of our total debt was $19.9 billion as compared with a carrying value of $20.1 billion. At December 30, 2023, the aggregate fair value of our total debt was $19.6 billion as compared with a carrying value of $20.0 billion. Our short-term debt had a carrying value that approximated its fair value at September 28, 2024 and December 30, 2023. 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. Synthetic Lease Arrangements:

Earnings Per Share (Notes)

Earnings Per Share (Notes)	9 Months Ended
	Sep. 28, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Our earnings per common share (“EPS”) were: For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 (in millions, except per share data) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ (290) $ 262 $ 613 $ 2,098 Weighted average shares of common stock outstanding 1,210 1,229 1,212 1,228 Net earnings/(loss) $ (0.24) $ 0.21 $ 0.51 $ 1.71 Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ (290) $ 262 $ 613 $ 2,098 Weighted average shares of common stock outstanding 1,210 1,229 1,212 1,228 Effect of dilutive equity awards — 6 5 7 Weighted average shares of common stock outstanding, including dilutive effect 1,210 1,235 1,217 1,235 Net earnings/(loss) $ (0.24) $ 0.21 $ 0.50 $ 1.70 We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 15 million for the three months and 6 million for the nine months ended September 28, 2024 and 7 million for the three and nine months ended September 30, 2023.

Segment Reporting (Notes)

Segment Reporting (Notes)	9 Months Ended
	Sep. 28, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting In the first quarter of 2024, our internal reporting and reportable segments changed. We divided our International segment into three operating segments — EPDM, WEEM, and AEM — to enable enhanced focus on the different strategies required for each of these regions as part of our long-term strategic plan. Subsequently, we manage our operating results through four operating segments. We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets. We have reflected this segment change in all historical periods presented. As part of the segment reorganization, management reallocated certain corporate expenses previously reported within our International segment to general corporate expenses. This reflects management’s approach to centrally manage these expenses. We have reflected this reallocation in all historical periods presented. Our chief operating decision maker (“CODM”) evaluates segment performance based on several factors, including net sales and Segment Adjusted Operating Income. In the first quarter of 2024, following changes to our segments, our CODM reevaluated and changed the primary measure utilized to evaluate segment profitability from Segment Adjusted EBITDA to Segment Adjusted Operating Income. This change is expected to allow our CODM to better evaluate segment performance in line with our long-term strategic plan. Segment Adjusted Operating Income is defined as operating income/(loss) excluding, 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, and certain non-ordinary course legal and regulatory matters. Emerging Markets represents the aggregation of our WEEM and AEM operating segments. Adjusted Operating Income for WEEM and AEM is the measure reported to our chief operating decision maker for purposes of making decisions about allocating resources to these operating segments and assessing their performance. Segment Adjusted Operating Income is a financial measure that assists our CODM in comparing our performance on a consistent basis by removing the impact of certain items that our CODM believes do not directly reflect our underlying operations. Our CODM also uses Segment Adjusted Operating Income to allocate resources. We have reflected this change from Segment Adjusted EBITDA to Segment Adjusted Operating Income in all historical periods presented. Our CODM does not use assets by segment to evaluate performance or allocate resources. Therefore, we do not disclose assets by segment. Net sales by segment were (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Net sales: North America $ 4,826 $ 4,995 $ 14,575 $ 14,959 International Developed Markets 882 883 2,622 2,675 Total segment net sales 5,708 5,878 17,197 17,634 Emerging Markets net sales 675 692 2,073 2,146 Total net sales $ 6,383 $ 6,570 $ 19,270 $ 19,780 Segment Adjusted Operating Income was (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Segment Adjusted Operating Income: North America $ 1,237 $ 1,245 $ 3,793 $ 3,701 International Developed Markets 135 129 397 376 Total Segment Adjusted Operating Income 1,372 1,374 4,190 4,077 Emerging Markets (a) 84 88 232 286 General corporate expenses (126) (150) (447) (455) Restructuring activities — (45) — (25) Unrealized gains/(losses) on commodity hedges (3) 48 30 53 Impairment losses (1,428) (662) (2,282) (662) Certain non-ordinary course legal and regulatory matters — — — (2) Operating income/(loss) (101) 653 1,723 3,272 Interest expense 230 228 685 683 Other expense/(income) (48) (35) (56) (94) Income/(loss) before income taxes $ (283) $ 460 $ 1,094 $ 2,683 (a) Emerging Markets represents the aggregation of our WEEM and AEM operating segments. In the first quarter of 2024, we changed the way we manage our product portfolio to align with our future growth strategy. As of September 28, 2024, we manage our product portfolio through eight consumer-driven product platforms: Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, and Meats. A platform is a lens created for the portfolio based on a grouping of consumer needs. The platforms help us to manage and organize our business effectively by providing insight into our various product categories and brands. Taste Elevation includes condiments, sauces, dressings, and spreads. Easy Ready Meals includes Kraft Mac & Cheese varieties, frozen potato products, and other frozen meals. Substantial Snacking includes Lunchables meal kits, frozen snacks, and pickles. Desserts includes dry packaged desserts, refrigerated ready to eat desserts, and other dessert toppings. Hydration includes ready to drink beverages, powdered beverages, and liquid concentrates. Cheese includes American sliced and recipe cheeses. Coffee includes mainstream coffee, coffee pods, and premium coffee. Meats includes cold cuts, bacon, and hot dogs. Each platform is assigned a role within our business to help inform our resource allocation and investment decisions, which are made at the operating segment level. These roles include: Accelerate, Protect, and Balance. Our Accelerate role contains platforms that are expected to have high growth potential, generate higher gross margins, and are in markets in which we have higher market share. Our Protect role contains platforms that are expected to have moderate growth potential, tend to generate higher gross margins, and are in markets in which we have higher market share. Our Balance role contains platforms that include commodity-heavy categories with relatively flat growth potential but help us to maintain our brand footprint. We have reflected this change to our platforms in all historical periods presented. Net sales by platform were (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 ACCELERATE Taste Elevation $ 2,825 $ 2,788 $ 8,443 $ 8,514 Easy Ready Meals 1,171 1,213 3,497 3,592 Substantial Snacking 317 387 955 1,070 Total Accelerate 4,313 4,388 12,895 13,176 PROTECT Desserts 292 284 815 813 Hydration 539 540 1,635 1,743 Total Protect 831 824 2,450 2,556 BALANCE Cheese 426 433 1,273 1,310 Coffee 200 219 621 647 Meats 538 568 1,633 1,670 Other 75 138 398 421 Total Balance 1,239 1,358 3,925 4,048 Total net sales $ 6,383 $ 6,570 $ 19,270 $ 19,780

Other Financial Data (Notes)

Other Financial Data (Notes)	9 Months Ended
	Sep. 28, 2024
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 Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Amortization of postemployment benefit plans prior service costs/(credits) $ (2) $ (3) $ (6) $ (10) Net pension and postretirement non-service cost/(benefit) (a) (38) (22) (101) (68) Loss/(gain) on sale of business (1) — 78 2 Interest income (16) (12) (49) (28) Foreign exchange losses/(gains) 7 (25) (28) 21 Derivative losses/(gains) (2) 30 46 (8) Other miscellaneous expense/(income) 4 (3) 4 (3) Other expense/(income) $ (48) $ (35) $ (56) $ (94) (a) Excludes amortization of postemployment benefit plans 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 10, Postemployment Benefits , for additional information on these components, including any curtailments and settlements, as well as information on our prior service costs/(credits) amortization. See Note 11, Financial Instruments , for information related to our derivative impacts. Other expense/(income) was $48 million of income for the three months ended September 28, 2024 compared to $35 million of income for the three months ended September 30, 2023. This change was primarily driven by a $2 million net gain on derivative activities in the third quarter of 2024 compared to a $30 million net loss on derivative activities in the third quarter of 2023,a $16 million increase in non-cash net pension and postretirement non-service benefits compared to the third quarter of 2023, and $16 million in interest income in the third quarter of 2024 compared to $12 million in interest income in the third quarter of 2023. These positive impacts on other expense/(income) were partially offset by a $7 million net foreign exchange loss in the third quarter of 2024 compared to a $25 million net foreign exchange gain in the third quarter of 2023 and $4 million in other miscellaneous expense in the third quarter of 2024 compared to $3 million of income in the third quarter of 2023. Other expense/(income) was $56 million of income for the nine months ended September 28, 2024 compared to $94 million of income for the nine months ended September 30, 2023. This change was primarily driven by a $78 million net loss on the sale of businesses in 2024 compared to a $2 million net loss on the sale of business in 2023 and a $46 million net loss on derivative activities in 2024 compared to a $8 million net gain on derivative activities in 2023, which was partially offset by a $28 million net foreign exchange gain in 2024 compared to a $21 million net foreign exchange loss in 2023, a $33 million increase in net pension and postretirement non-service benefit compared to 2023, and $49 million in interest income in 2024 compared to $28 million in interest income in 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ (290)	$ 262	$ 613	$ 2,098

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 28, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Miguel Patricio [Member]
Trading Arrangements, by Individual
Name	Miguel Patricio
Title	a member of the Kraft Heinz Board of Directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 5, 2024
Arrangement Duration	639 days
Aggregate Available	500,000

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Fiscal Period	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 2024 fiscal year is scheduled to be a 52-week period ending on December 28, 2024, and our 2023 fiscal year was a 52-week period that ended on December 30, 2023.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include The Kraft Heinz Company and all of our controlled subsidiaries. All intercompany transactions are eliminated.
Reportable Segments	Reportable Segments In the first quarter of 2024, our internal reporting structure and reportable segments changed. We divided our International segment into three operating segments — Europe and Pacific Developed Markets (“EPDM” or “International Developed Markets”), West and East Emerging Markets (“WEEM”), and Asia Emerging Markets (“AEM”) — to enable enhanced focus on the different strategies required for each of these regions as part of our long-term strategic plan. Subsequently, we manage our operating results through four operating segments. We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets.
Use of Estimates	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	Reclassifications We made reclassifications and adjustments to certain previously reported financial information to conform to our current period presentation.
Cash and Cash Equivalents, Policy	Cash , Cash Equivalents , and Restricted Cash Cash equivalents include term deposits with banks, money market funds, and all highly liquid investments with original maturities of three months or less. The fair value of cash equivalents approximates the carrying amount. Cash and cash equivalents that are legally restricted as to withdrawal or usage are classified in other current assets or other non-current assets, as applicable, on the condensed consolidated balance sheets. At September 28, 2024, we had $2 million of restricted cash recorded in other current assets and $2 million of restricted cash recorded in other non-current assets. At December 30, 2023, we had restricted cash recorded in other current assets of $3 million and $1 million of restricted cash in other non-current assets. Total cash, cash equivalents, and restricted cash was $1,288 million at September 28, 2024 and $1,404 million at December 30, 2023.

New Accounting Standards (Polic

New Accounting Standards (Policies)	9 Months Ended
	Sep. 28, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Standards	Accounting Standards Not Yet Adopted Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures: In November 2023, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2023-07 to improve segment disclosure requirements under Accounting Standards Codification (“ASC”) 280, Segment Reporting, through enhancing disclosures about significant segment expenses. The guidance requires entities to provide significant segment expenses that are regularly provided to the chief operating decision maker and other segment expenses included in each reported measure of segment profitability. This ASU also enhances interim segment reporting requirements by aligning interim disclosures with information that must be disclosed annually in accordance with ASC 280. This ASU will be effective beginning in 2024 for annual reports and in 2025 for quarterly reports. Early adoption is permitted. The new guidance must be applied retrospectively to all prior periods presented in the financial statements, with the significant segment expense and other segment item amounts disclosed based on categories identified in the period of adoption. We are still evaluating the impacts this ASU will have on our notes to the consolidated financial statements. Income Taxes (Topic 740) – Improvements to Income Tax Disclosures: In December 2023, the FASB issued ASU 2023-09 to improve income tax disclosure requirements under ASC 740, Income Taxes . The guidance requires entities to provide separate information about a reporting entity’s effective tax rate reconciliation and about income taxes paid. This ASU will be effective for annual periods beginning after December 15, 2024 and will impact our 2025 annual report. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. While the standard will require additional disclosures related to the Company’s income taxes, we do not expect this ASU to have a significant impact on our financial statements.

Restructuring Activities (Table

Restructuring Activities (Tables)	9 Months Ended
	Sep. 28, 2024
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 was (in millions): Severance and Employee Benefit Costs Other Exit Costs Total Balance at December 30, 2023 $ 23 $ 14 $ 37 Charges/(credits) (7) — (7) Cash payments (13) (1) (14) Non-cash utilization 1 — 1 Balance at September 28, 2024 $ 4 $ 13 $ 17
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 Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Severance and employee benefit costs - Cost of products sold $ (1) $ 2 $ (1) $ 7 Severance and employee benefit costs - SG&A — — (5) (7) Severance and employee benefit costs - Other expense/(income) — — (1) 2 Asset-related costs - Cost of products sold — 41 — 32 Asset-related costs - SG&A — — — (1) Other costs - Cost of products sold 1 1 3 5 Other costs - SG&A — 1 3 (11) Other costs - Other expense/(income) (7) — (7) — $ (7) $ 45 $ (8) $ 27
Restructuring Costs Excluded from Segments	The pre-tax impact of allocating such expenses/(income) to our segments would have been (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 North America $ — $ 9 $ (1) $ (1) International Developed Markets (8) — (10) (1) Emerging Markets (a) — 36 — 42 General corporate expenses 1 — 3 (13) $ (7) $ 45 $ (8) $ 27

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 28, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following (in millions): September 28, 2024 December 30, 2023 Packaging and ingredients $ 970 $ 1,014 Spare parts 247 233 Work in process 348 338 Finished products 2,307 2,029 Inventories $ 3,872 $ 3,614

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 28, 2024
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): North America International Developed Markets Emerging Markets Total Balance at December 30, 2023 $ 27,248 $ 2,687 $ 524 $ 30,459 Impairment losses (898) (479) (184) (1,561) Translation adjustments and other (14) 85 (23) 48 Balance at September 28, 2024 $ 26,336 $ 2,293 $ 317 $ 28,946
Changes in the Carrying Amount of Indefinite-Lived Intangible Assets	Changes in the carrying amount of indefinite-lived intangible assets, which primarily consisted of trademarks, were (in millions): Balance at December 30, 2023 $ 38,502 Impairment losses (593) Translation adjustments and other 137 Balance at September 28, 2024 $ 38,046
Schedule of Definite-Lived Intangible Assets By Major Asset Class	Definite-lived intangible assets were (in millions): September 28, 2024 December 30, 2023 Gross Accumulated Net Gross Accumulated Net Trademarks $ 2,442 $ (886) $ 1,556 $ 2,313 $ (755) $ 1,558 Customer-related assets 3,715 (1,524) 2,191 3,710 (1,331) 2,379 Other 12 (3) 9 12 (3) 9 $ 6,169 $ (2,413) $ 3,756 $ 6,035 $ (2,089) $ 3,946

Employees' Stock Incentive Pl_2

Employees' Stock Incentive Plans (Tables)	9 Months Ended
	Sep. 28, 2024
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 30, 2023 8,022,540 $ 46.87 Granted 654,724 35.13 Forfeited (1,467,229) 46.75 Exercised (308,010) 25.95 Outstanding at September 28, 2024 6,902,025 46.71
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 30, 2023 7,722,870 $ 36.80 Granted 3,085,347 35.33 Forfeited (731,541) 37.23 Vested (3,242,886) 34.12 Outstanding at September 28, 2024 6,833,790 37.36
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 30, 2023 4,855,432 $ 33.65 Granted 2,591,382 29.14 Forfeited (833,074) 32.36 Vested (1,143,479) 33.36 Outstanding at September 28, 2024 5,470,261 31.76

Postemployment Benefits (Tables

Postemployment Benefits (Tables)	9 Months Ended
	Sep. 28, 2024
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. Plan Non-U.S. Plans September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Service cost $ — $ — $ 2 $ 2 Interest cost 33 35 14 17 Expected return on plan assets (49) (48) (21) (23) Amortization of prior service costs/(credits) 1 — — 1 Amortization of unrecognized losses/(gains) — — 3 4 Other — — (7) — Net pension cost/(benefit) $ (15) $ (13) $ (9) $ 1 For the Nine Months Ended U.S. Plan Non-U.S. Plans September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Service cost $ 1 $ 1 $ 5 $ 5 Interest cost 100 106 42 50 Expected return on plan assets (147) (146) (63) (66) Amortization of prior service costs/(credits) 1 — 1 1 Amortization of unrecognized losses/(gains) — — 9 10 Special/contractual termination benefits — — (1) 2 Other — — (7) — Net pension cost/(benefit) $ (45) $ (39) $ (14) $ 2
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 Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Service cost $ 1 $ 1 $ 2 $ 2 Interest cost 8 10 24 28 Expected return on plan assets (14) (14) (42) (41) Amortization of prior service costs/(credits) (3) (4) (8) (11) Amortization of unrecognized losses/(gains) (5) (3) (16) (11) Net postretirement cost/(benefit) $ (13) $ (10) $ (40) $ (33)

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 28, 2024
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 September 28, 2024 December 30, 2023 Commodity contracts $ 1,032 $ 954 Foreign exchange contracts 4,399 4,618 Cross-currency contracts 7,397 6,133
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): September 28, 2024 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 $ 38 $ 9 $ 38 Cross-currency contracts (b) — — 142 254 142 254 Derivatives not designated as hedging instruments: Commodity contracts (c) 36 48 6 7 42 55 Foreign exchange contracts (a) — — 19 26 19 26 Cross-currency contracts (b) — — 9 — 9 — Total fair value $ 36 $ 48 $ 185 $ 325 $ 221 $ 373 (a) At September 28, 2024, the fair value of our derivative assets was recorded in other current assets ($27 million) and other non-current assets ($1 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($48 million) and other non-current liabilities ($16 million). (b) At September 28, 2024, the fair value of our derivative assets was recorded in other current assets ($58 million) and other non-current assets ($93 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($45 million) and other non-current liabilities ($209 million). (c) At September 28, 2024, the fair value of our derivative assets was recorded in other current assets ($40 million) and other non-current assets ($2 million), and the fair value of derivative liabilities was recorded in other current liabilities ($49 million) and non-current liabilities ($6 million). December 30, 2023 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) $ — $ — $ 12 $ 42 $ 12 $ 42 Cross-currency contracts (b) — — 140 165 140 165 Derivatives not designated as hedging instruments: Commodity contracts (c) 20 59 3 7 23 66 Foreign exchange contracts (a) — — 17 23 17 23 Total fair value $ 20 $ 59 $ 172 $ 237 $ 192 $ 296 (a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($21 million) and other non-current assets ($8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($51 million) and other non-current liabilities ($14 million). (b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($37 million) and other non-current assets ($103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($31 million) and other non-current liabilities ($134 million). (c) At December 30, 2023, 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 ($64 million) and other non-current liabilities ($2 million).
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 Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Cash flow hedges: Foreign exchange contracts $ (14) $ 29 $ 17 $ 11 Cost of products sold Foreign exchange contracts (excluded component) 1 (3) (5) (6) Cost of products sold Foreign exchange contracts (2) — (2) — SG&A Foreign exchange contracts (38) — (11) — Other expense/(income) Foreign exchange contracts (excluded component) 5 — 5 — Other expense/(income) Cross-currency contracts 61 (14) 2 20 Other expense/(income) Cross-currency contracts (excluded component) — 7 — 20 Other expense/(income) Cross-currency contracts (6) (7) (21) (20) Interest expense Interest rate contracts — — — (3) Interest expense Net investment hedges: Foreign exchange contracts (3) 1 (3) 4 Other expense/(income) Foreign exchange contracts (excluded component) 1 — 1 1 Interest expense Cross-currency contracts (101) 77 5 7 Other expense/(income) Cross-currency contracts (excluded component) 10 10 34 27 Interest expense Fair value hedges: Cross-currency contracts (excluded component) (24) — (21) — Other expense/(income) Total gains/(losses) recognized in statements of comprehensive income $ (110) $ 100 $ 1 $ 61
Derivative Impact on Statements of Income	The following tables present the pre-tax amounts of derivative gains/(losses) recorded to net income/(loss) and the affected income statement line items (in millions): For the Three Months Ended September 28, 2024 September 30, 2023 Cost of products sold 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 $ 4,197 $ 230 $ (48) $ 4,335 $ 228 $ (35) Gains/(losses) related to derivatives designated as hedging instruments: Cash flow hedges: (a) Foreign exchange contracts $ 4 $ — $ (39) $ 8 $ — $ — Foreign exchange contracts (excluded component) (1) — 3 (3) — — Cross-currency contracts — (6) 81 — (8) (31) Cross-currency contracts (excluded component) — — — — — 7 Net investment hedges: (a) Foreign exchange contracts (excluded component) — 1 — — 1 — Cross-currency contracts (excluded component) — 10 — — 9 — Fair Value hedges: Cross-currency contracts — — (56) — — — Hedged items (b) — — 56 — — — Gains/(losses) related to derivatives not designated as hedging instruments: Commodity contracts (6) — — 24 — — Foreign exchange contracts — — — — — (5) Cross-currency contracts — — 13 — — (1) Total gains/(losses) recognized in statements of income $ (3) $ 5 $ 58 $ 29 $ 2 $ (30) (a) Represents the pre-tax amounts of derivative gains/(losses) reclassified from accumulated other comprehensive income/(losses) to net income/(loss).

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income/(Losses) (Tables) - AOCI Attributable to Parent	9 Months Ended
	Sep. 28, 2024
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 Net Fair Value Hedges Total Balance as of December 30, 2023 $ (2,634) $ 15 $ 15 $ — $ (2,604) Foreign currency translation adjustments 108 — — — 108 Net deferred gains/(losses) on net investment hedges (25) — — — (25) Amounts excluded from the effectiveness assessment of net investment hedges 27 — — — 27 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (27) — — — (27) Net deferred gains/(losses) on cash flow hedges — — (5) — (5) Amounts excluded from the effectiveness assessment of cash flow hedges — — 5 — 5 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) — — (7) — (7) Amounts excluded from the effectiveness assessment of fair value hedges — — — (9) (9) Net postemployment benefit losses/(gains) reclassified to net income/(loss) — (10) — — (10) Total other comprehensive income/(loss) 83 (10) (7) (9) 57 Balance as of September 28, 2024 $ (2,551) $ 5 $ 8 $ (9) $ (2,547)
Gross Amount and Related Tax Benefit/(Expense) Recorded in and Associated with each Component of Other Comprehensive Income/(Loss)	The gross amount and related tax benefit/(expense) recorded in, and associated with, each component of other comprehensive income/(loss) were as follows (in millions): For the Three Months Ended September 28, 2024 September 30, 2023 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 362 $ — $ 362 $ (352) $ — $ (352) Net deferred gains/(losses) on net investment hedges (170) 42 (128) 122 (30) 92 Amounts excluded from the effectiveness assessment of net investment hedges 11 (2) 9 10 (3) 7 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (11) 2 (9) (10) 2 (8) Net deferred gains/(losses) on cash flow hedges 1 (9) (8) 8 6 14 Amounts excluded from the effectiveness assessment of cash flow hedges 6 — 6 4 (1) 3 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) (42) 16 (26) 27 (14) 13 Amounts excluded from the effectiveness assessment of fair value hedges (24) 12 (12) — — — Net postemployment benefit losses/(gains) reclassified to net income/(loss) (4) 1 (3) (2) 1 (1) For the Nine Months Ended September 28, 2024 September 30, 2023 Before Tax Amount Tax Net of Tax Amount Before Tax Amount Tax Net of Tax Amount Foreign currency translation adjustments $ 108 $ — $ 108 $ (62) $ — $ (62) Net deferred gains/(losses) on net investment hedges (33) 8 (25) 23 (6) 17 Amounts excluded from the effectiveness assessment of net investment hedges 35 (8) 27 28 (7) 21 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss) (35) 8 (27) (27) 6 (21) Net deferred gains/(losses) on cash flow hedges (15) 10 (5) 8 (3) 5 Amounts excluded from the effectiveness assessment of cash flow hedges — 5 5 14 (1) 13 Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss) 3 (10) (7) (16) (2) (18) Amounts excluded from the effectiveness assessment of fair value hedges (21) 12 (9) — — — Net postemployment benefit losses/(gains) reclassified to net income/(loss) (13) 3 (10) (11) 3 (8)
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 Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Losses/(gains) on net investment hedges: Foreign exchange contracts (a) $ (1) $ (1) $ (1) $ (1) Interest expense Cross-currency contracts (a) (10) (9) (34) (26) Interest expense Losses/(gains) on cash flow hedges: Foreign exchange contracts (b) (3) (5) (4) (19) Cost of products sold Foreign exchange contracts (b) 36 — 6 — Other expense/(income) Cross-currency contracts (b) (81) 24 (23) (18) Other expense/(income) Cross-currency contracts (b) 6 8 21 21 Interest expense Interest rate contracts (c) — — 3 — Other expense/(income) Losses/(gains) on hedges before income taxes (53) 17 (32) (43) Losses/(gains) on hedges, income taxes 18 (12) (2) 4 Losses/(gains) on hedges $ (35) $ 5 $ (34) $ (39) Losses/(gains) on postemployment benefits: Amortization of unrecognized losses/(gains) (d) $ (2) $ 1 $ (7) $ (1) Amortization of prior service costs/(credits) (d) (2) (3) (6) (10) Losses/(gains) on postemployment benefits before income taxes (4) (2) (13) (11) Losses/(gains) on postemployment benefits, income taxes 1 1 3 3 Losses/(gains) on postemployment benefits $ (3) $ (1) $ (10) $ (8) (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 recognition of realized hedge losses resulting from the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring. (d) These components are included in the computation of net periodic postemployment benefit costs. See Note 10, Postemployment Benefits , for additional information. In this note we have excluded activity and balances related to noncontrolling interest due to their insignificance. This activity was primarily related to foreign currency translation adjustments.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 28, 2024
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 Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 (in millions, except per share data) Basic Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ (290) $ 262 $ 613 $ 2,098 Weighted average shares of common stock outstanding 1,210 1,229 1,212 1,228 Net earnings/(loss) $ (0.24) $ 0.21 $ 0.51 $ 1.71 Diluted Earnings Per Common Share: Net income/(loss) attributable to common shareholders $ (290) $ 262 $ 613 $ 2,098 Weighted average shares of common stock outstanding 1,210 1,229 1,212 1,228 Effect of dilutive equity awards — 6 5 7 Weighted average shares of common stock outstanding, including dilutive effect 1,210 1,235 1,217 1,235 Net earnings/(loss) $ (0.24) $ 0.21 $ 0.50 $ 1.70

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 28, 2024
Segment Reporting [Abstract]
Net Sales by Segment	Net sales by segment were (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Net sales: North America $ 4,826 $ 4,995 $ 14,575 $ 14,959 International Developed Markets 882 883 2,622 2,675 Total segment net sales 5,708 5,878 17,197 17,634 Emerging Markets net sales 675 692 2,073 2,146 Total net sales $ 6,383 $ 6,570 $ 19,270 $ 19,780
Segment Adjusted EBITDA	Segment Adjusted Operating Income was (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Segment Adjusted Operating Income: North America $ 1,237 $ 1,245 $ 3,793 $ 3,701 International Developed Markets 135 129 397 376 Total Segment Adjusted Operating Income 1,372 1,374 4,190 4,077 Emerging Markets (a) 84 88 232 286 General corporate expenses (126) (150) (447) (455) Restructuring activities — (45) — (25) Unrealized gains/(losses) on commodity hedges (3) 48 30 53 Impairment losses (1,428) (662) (2,282) (662) Certain non-ordinary course legal and regulatory matters — — — (2) Operating income/(loss) (101) 653 1,723 3,272 Interest expense 230 228 685 683 Other expense/(income) (48) (35) (56) (94) Income/(loss) before income taxes $ (283) $ 460 $ 1,094 $ 2,683 (a) Emerging Markets represents the aggregation of our WEEM and AEM operating segments.
Net Sales by Platform	Net sales by platform were (in millions): For the Three Months Ended For the Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 ACCELERATE Taste Elevation $ 2,825 $ 2,788 $ 8,443 $ 8,514 Easy Ready Meals 1,171 1,213 3,497 3,592 Substantial Snacking 317 387 955 1,070 Total Accelerate 4,313 4,388 12,895 13,176 PROTECT Desserts 292 284 815 813 Hydration 539 540 1,635 1,743 Total Protect 831 824 2,450 2,556 BALANCE Cheese 426 433 1,273 1,310 Coffee 200 219 621 647 Meats 538 568 1,633 1,670 Other 75 138 398 421 Total Balance 1,239 1,358 3,925 4,048 Total net sales $ 6,383 $ 6,570 $ 19,270 $ 19,780

Other Financial Data (Tables)

Other Financial Data (Tables)	9 Months Ended
	Sep. 28, 2024
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 Nine Months Ended September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023 Amortization of postemployment benefit plans prior service costs/(credits) $ (2) $ (3) $ (6) $ (10) Net pension and postretirement non-service cost/(benefit) (a) (38) (22) (101) (68) Loss/(gain) on sale of business (1) — 78 2 Interest income (16) (12) (49) (28) Foreign exchange losses/(gains) 7 (25) (28) 21 Derivative losses/(gains) (2) 30 46 (8) Other miscellaneous expense/(income) 4 (3) 4 (3) Other expense/(income) $ (48) $ (35) $ (56) $ (94)

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Millions	9 Months Ended
	Sep. 28, 2024 USD ($) segment operatingSegment	Dec. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments | segment	2
Restricted cash included in other non-current assets	$ 2	$ 1
Cash, cash equivalents, and restricted cash	$ 1,288	1,404	$ 1,054	$ 1,041
Number of Operating Segments | operatingSegment	4
Restricted Cash, Current	$ 2	$ 3

Acquisitions and Divestitures -

Acquisitions and Divestitures - Additional Information (Details) - USD ($) $ in Millions			9 Months Ended
	Mar. 11, 2024	Feb. 05, 2024	Sep. 28, 2024	Sep. 30, 2023
Business Acquisition [Line Items]
Pre-tax gain (loss) on disposition of business			$ (78)	$ (2)
Papua New Guinea Transaction
Business Acquisition [Line Items]
Pre-tax gain (loss) on disposition of business			80
Accumulated foreign currency loss			$ 41
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Russia Infant Transaction
Business Acquisition [Line Items]
Proceeds from sale of business, net of cash disposed	$ 25
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Papua New Guinea Transaction
Business Acquisition [Line Items]
Proceeds from sale of business, net of cash disposed		$ 22

Restructuring Activities - Addi

Restructuring Activities - Additional Information (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 USD ($) employee	Sep. 30, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	$ (7)	$ 45	$ (8)	$ 27
Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, number of positions eliminated | employee			100
Restructuring and related cost, expected number of positions eliminated | employee			40
Restructuring and related cost, incurred cost (credit)	7	$ 45	$ (8)	$ 27
Restructuring Activities | Other Implementation Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	6		(1)
Severance and Employee Benefit Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	$ 1		$ (7)

Restructuring Activities - Rest

Restructuring Activities - Restructuring Reserve Roll-forward (Details) - Restructuring Activities $ in Millions	9 Months Ended
	Sep. 28, 2024 USD ($)
Restructuring Reserve [Roll Forward]
Beginning balance	$ 37
Charges/(credits)	(7)
Cash payments	(14)
Non-cash utilization	1
Ending balance	17
Severance and Employee Benefit Costs
Restructuring Reserve [Roll Forward]
Beginning balance	23
Charges/(credits)	(7)
Cash payments	(13)
Non-cash utilization	1
Ending balance	4
Other Exit Costs
Restructuring Reserve [Roll Forward]
Beginning balance	14
Charges/(credits)	0
Cash payments	(1)
Non-cash utilization	0
Ending balance	$ 13

Restructuring Activities - Re_2

Restructuring Activities - Restructuring Costs by Type and Income Statement Location (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	$ (7)	$ 45	$ (8)	$ 27
Severance and Employee Benefit Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	(1)	2	(1)	7
Severance and Employee Benefit Costs | SG&A
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	0	0	(5)	(7)
Severance and Employee Benefit Costs | Other expense/(income)
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	0	0	(1)	2
Other Costs | Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	1	1	3	5
Other Costs | SG&A
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	0	1	3	(11)
Other Costs | Other expense/(income)
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	(7)	0	(7)	0
Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	0	41	0	32
SG&A
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, incurred cost (credit)	$ 0	$ 0	$ 0	$ (1)

Restructuring Activities - Re_3

Restructuring Activities - Restructuring Costs Excluded from Segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	$ (7)	$ 45	$ (8)	$ 27
General corporate expenses
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	1	0	3	(13)
North America | Operating Segments
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	0	9	(1)	(1)
International Developed Markets | Operating Segments
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	(8)	0	(10)	(1)
Emerging Markets | Operating Segments
Segment Reporting Information [Line Items]
Restructuring and related cost, incurred cost (credit)	$ 0	$ 36	$ 0	$ 42

Inventories Components of Inven

Inventories Components of Inventories (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Inventory Disclosure [Abstract]
Packaging and ingredients	$ 970	$ 1,014
Spare parts	247	233
Work in process	348	338
Finished products	2,307	2,029
Inventories	$ 3,872	$ 3,614

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Changes in the Carrying Amount of Goodwill by Segment (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Goodwill [Roll Forward]
Beginning balance				$ 30,459
Translation adjustments and other				48
Impairment losses				(1,561)	$ (510)
Ending balance	$ 28,946			28,946
Goodwill impairment losses	707		$ 510	1,561	$ 510
Indefinite-lived intangible assets	38,046			38,046		$ 38,502
Lunchables, Claussen and Wattie's
Goodwill [Roll Forward]
Indefinite-lived intangible assets	1,200			1,200
Continental Europe
Goodwill [Roll Forward]
Ending balance	501			501
Goodwill impairment losses	479
LATAM
Goodwill [Roll Forward]
Goodwill impairment losses	184
AFH Reporting Unit (Away from Home and Kraft Heinz Ingredients)
Goodwill [Roll Forward]
Ending balance	2,800			2,800
Goodwill impairment losses	44
International Developed Markets
Goodwill [Roll Forward]
Translation adjustments and other				85
Impairment losses				(479)
Ending balance	2,293			2,293
International Developed Segment
Goodwill [Roll Forward]
Beginning balance				2,687
North America
Goodwill [Roll Forward]
Beginning balance				27,248
Translation adjustments and other				(14)
Impairment losses		$ (854)		(898)
Ending balance	26,336			26,336
Goodwill impairment losses				58
Emerging Markets
Goodwill [Roll Forward]
Beginning balance				524
Translation adjustments and other				(23)
Impairment losses				(184)
Ending balance	$ 317			$ 317

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance			$ 38,502
Impairment losses			(593)
Translation adjustments and other			137
Ending balance	$ 38,046		38,046
Intangible asset impairment losses	$ 721	$ 152	$ 721	$ 152

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Goodwill Additional Information (Details) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 28, 2024 USD ($)	Jun. 29, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 USD ($) employee	Sep. 30, 2023 USD ($)	Mar. 31, 2024 USD ($)	Dec. 30, 2023 USD ($)	Jul. 02, 2023 USD ($)
Goodwill [Line Items]
Goodwill	$ 28,946			$ 28,946			$ 30,459
Goodwill, Impairment Loss, Excluding Impairment Loss on the Disposal Group Held for Sale				$ 1,561	$ 510
Number of reporting units | employee				12
Goodwill, impaired, accumulated impairment loss	(13,400)			$ (13,400)			(11,800)
Goodwill impairment losses	707		$ 510	1,561	510
Indefinite-lived intangible assets	38,046			38,046			38,502
Intangible asset impairment losses	$ 721		152	721	152
Indefinite-lived intangible assets transferred to definite-lived				$ 73
Brand, percentage of fair value in excess of carrying value	20%			20%
Finite-Lived License Agreements, Gross	$ 140			$ 140
definite-lived intangible assets, remaining amortization period	27 years			27 years
Definite-lived intangible assets, impairment	$ 128
Amortization of intangible assets	62		$ 61	$ 191	$ 187
Amortization of definite-lived intangible assets, current year	250			250
Amortization of definite-lived intangible assets, year one	250			250
Amortization of definite-lived intangible assets, year three	250			250
Amortization of definite-lived intangible assets, year two	250			250
Amortization of definite-lived intangible assets, year five	240			240
Amortization of definite-lived intangible assets, year four	240			240
Lunchables, Claussen and Wattie's
Goodwill [Line Items]
Indefinite-lived intangible assets	1,200			1,200
Intangible asset impairment losses	593
North America
Goodwill [Line Items]
Goodwill	26,336			26,336			$ 27,248
Goodwill, Impairment Loss, Excluding Impairment Loss on the Disposal Group Held for Sale		$ 854		$ 898
Number of reporting units | employee				2
Goodwill impairment losses				$ 58
Intangible asset impairment losses	560			139
International Developed Markets
Goodwill [Line Items]
Goodwill	2,293			2,293
Goodwill, Impairment Loss, Excluding Impairment Loss on the Disposal Group Held for Sale				479
Intangible asset impairment losses	33			$ 13
Reporting Units With More Than 20% Excess Fair Value Over Carrying Amount | Minimum
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount								20%
Reporting Units With More Than 20% Excess Fair Value Over Carrying Amount | Maximum
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount								50%
Reporting Units With 20% Or Less Excess Fair Value Over Carrying Amount
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount								20%
Reporting unit, goodwill balance held
Goodwill [Line Items]
Number of reporting units | employee				8
Reporting unit, goodwill balance held | 20% or less
Goodwill [Line Items]
Goodwill								$ 24,200
Reporting unit, goodwill balance held | 20 to 50%
Goodwill [Line Items]
Goodwill								$ 4,600
Canada and North America Coffee
Goodwill [Line Items]
Goodwill impairment losses				$ 452
Continental Europe
Goodwill [Line Items]
Goodwill	501			$ 501
Goodwill impairment losses	$ 479
Reporting Units With More Than 20% Excess Fair Value Over Carrying Amount
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount								20%
Impaired Brands | 20% or less
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount	20%			20%
Indefinite-lived intangible assets								$ 18,100
Impaired Brands | 20 to 50%
Goodwill [Line Items]
Indefinite-lived intangible assets	$ 2,800			$ 2,800
Impaired Brands | 20 to 50% | Minimum
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount	20%			20%
Impaired Brands | 20 to 50% | Maximum
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount	50%			50%
Impaired Brands | In Excess of 50%
Goodwill [Line Items]
Percentage of fair value in excess of carrying amount	50%			50%
Indefinite-lived intangible assets	$ 16,900			$ 16,900
MC Reporting Unit (Meat and Cheese)
Goodwill [Line Items]
Goodwill						$ 2,500
TMS Reporting Unit (Ready Meals and Snacking)
Goodwill [Line Items]
Goodwill						15,900
HD Reporting Unit (Hydration & Desserts)
Goodwill [Line Items]
Goodwill						4,300
AFH Reporting Unit (Away from Home and Kraft Heinz Ingredients)
Goodwill [Line Items]
Goodwill	2,800			$ 2,800		$ 2,800
Goodwill impairment losses	$ 44

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Changes in the Carrying Amount of Indefinite-Lived Intangible Assets (Details) $ in Millions	9 Months Ended
	Sep. 28, 2024 USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 38,502
Translation adjustments and other	137
Ending balance	$ 38,046

Goodwill and Intangible Asset_7

Goodwill and Intangible Assets - Summary of Definite-Lived Intangible Assets (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	$ 6,169	$ 6,035
Accumulated Amortization	(2,413)	(2,089)
Net	3,756	3,946
Trademarks
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	2,442	2,313
Accumulated Amortization	(886)	(755)
Net	1,556	1,558
Customer-related assets
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	3,715	3,710
Accumulated Amortization	(1,524)	(1,331)
Net	2,191	2,379
Other
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	12	12
Accumulated Amortization	(3)	(3)
Net	$ 9	$ 9

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended			12 Months Ended
	Sep. 28, 2024	Jun. 29, 2024	Mar. 30, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2019	Dec. 28, 2019	Dec. 29, 2018
Income Tax Contingency [Line Items]
Effective tax rate	(2.50%)			44.70%	43.90%	22.10%
Provision for/(benefit from) income taxes	$ 7			$ 206	$ 480	$ 594
Increase (decrease) in uncertain tax position reserves						0.021
Effective tax rate, non-deductible goodwill impairments, percent	23.10%			24.30%	22.90%	3.90%
Treasury Stock, Value, Acquired, Cost Method		$ (204)	$ (280)
Treasury Stock, at Cost
Income Tax Contingency [Line Items]
Treasury Stock, Value, Acquired, Cost Method		$ (204)	$ (280)
U.S. Plan | Pension Plans
Income Tax Contingency [Line Items]
Service cost	$ 0			$ 0	$ 1	$ 1
Interest cost	33			35	100	106
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(49)			(48)	(147)	(146)
Amortization of unrecognized losses/(gains)	0			0	0	0
Net cost/(benefit)	(15)			(13)	(45)	(39)
Non-U.S. Plans | Pension Plans
Income Tax Contingency [Line Items]
Service cost	2			2	5	5
Interest cost	14			17	42	50
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(21)			(23)	(63)	(66)
Amortization of unrecognized losses/(gains)	3			4	9	10
Net cost/(benefit)	$ (9)			$ 1	$ (14)	$ 2
Internal Revenue Service (IRS)
Income Tax Contingency [Line Items]
Income Tax Examination, Estimate of Possible Loss								$ 210	$ 200
income tax examination, estimate of possible loss from penalties							$ 85		$ 85

Employees' Stock Incentive Pl_3

Employees' Stock Incentive Plans - Schedule of Stock Option Activity and Related Information (Details)	9 Months Ended
	Sep. 28, 2024 $ / shares shares
Number of Stock Options
Beginning balance (in shares) | shares	8,022,540
Granted (in shares) | shares	654,724
Forfeited (in shares) | shares	(1,467,229)
Exercised (in shares) | shares	(308,010)
Ending balance (in shares) | shares	6,902,025
Weighted Average Exercise Price (per share)
Options outstanding at period start, weighted average exercise price (in dollars per share) | $ / shares	$ 46.87
Options granted, weighted average exercise price (in dollars per share) | $ / shares	35.13
Options forfeited, weighted average exercise price (in dollars per share) | $ / shares	46.75
Options exercised, weighted average exercise price (in dollars per share) | $ / shares	25.95
Options outstanding at period end, weighted average exercise price (in dollars per share) | $ / shares	$ 46.71

Employees' Stock Incentive Pl_4

Employees' Stock Incentive Plans - Schedule of RSU Activity and Related Information (Details) - RSUs	9 Months Ended
	Sep. 28, 2024 $ / shares shares
Number of Units
Beginning balance (in shares) | shares	7,722,870
Granted (in shares) | shares	3,085,347
Forfeited (in shares) | shares	(731,541)
Vested (in shares) | shares	(3,242,886)
Ending balance (in shares) | shares	6,833,790
Weighted Average Grant Date Fair Value (per share)
Outstanding at period start, weighted average grant date fair value (in dollars per share) | $ / shares	$ 36.80
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	35.33
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	37.23
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	34.12
Outstanding at period end, weighted average grant date fair value (in dollars per share) | $ / shares	$ 37.36

Employees' Stock Incentive Pl_5

Employees' Stock Incentive Plans - Schedule of PSU Activity and Related Information (Details) - PSUs	9 Months Ended
	Sep. 28, 2024 $ / shares shares
Number of Units
Beginning balance (in shares) | shares	4,855,432
Granted (in shares) | shares	2,591,382
Forfeited (in shares) | shares	(833,074)
Vested (in shares) | shares	(1,143,479)
Ending balance (in shares) | shares	5,470,261
Weighted Average Grant Date Fair Value (per share)
Outstanding at period start, weighted average grant date fair value (in dollars per share) | $ / shares	$ 33.65
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	29.14
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	32.36
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	33.36
Outstanding at period end, weighted average grant date fair value (in dollars per share) | $ / shares	$ 31.76

Employees' Stock Incentive Pl_6

Employees' Stock Incentive Plans - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 28, 2024 USD ($)
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, vested in period, fair value	$ 115
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments other than options, vested in period, fair value	$ 40

Postemployment Benefits Pension

Postemployment Benefits Pension Plans - Net Cost/(Benefit) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Amortization of postemployment benefit plans prior service costs/(credits)	$ (2)	$ (3)	$ (6)	$ (10)
U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets	29		29
U.S. Plan | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	1	1
Interest cost	33	35	100	106
Expected return on plan assets	(49)	(48)	(147)	(146)
Amortization of postemployment benefit plans prior service costs/(credits)	1	0	1	0
Amortization of unrecognized losses/(gains)	0	0	0	0
Special/contractual termination benefits			0	0
Other	0	0	0	0
Net postretirement cost/(benefit)	(15)	(13)	(45)	(39)
Non-U.S. Plans | Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	2	2	5	5
Interest cost	14	17	42	50
Expected return on plan assets	(21)	(23)	(63)	(66)
Amortization of postemployment benefit plans prior service costs/(credits)	0	1	1	1
Amortization of unrecognized losses/(gains)	3	4	9	10
Special/contractual termination benefits			(1)	2
Other	(7)	0	(7)	0
Net postretirement cost/(benefit)	$ (9)	$ 1	$ (14)	$ 2

Postemployment Benefits - Addit

Postemployment Benefits - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Amortization of postemployment benefit plans prior service costs/(credits)	$ (2,000,000)	$ (3,000,000)	$ (6,000,000)	$ (10,000,000)
U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets	29,000,000		29,000,000
Pension Plans | Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions			5,000,000
Estimated future employer contributions	2,000,000		2,000,000
Service cost	2,000,000	2,000,000	5,000,000	5,000,000
Interest cost	14,000,000	17,000,000	42,000,000	50,000,000
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(21,000,000)	(23,000,000)	(63,000,000)	(66,000,000)
Amortization of unrecognized losses/(gains)	3,000,000	4,000,000	9,000,000	10,000,000
Net cost/(benefit)	(9,000,000)	1,000,000	(14,000,000)	2,000,000
Amortization of postemployment benefit plans prior service costs/(credits)	0	1,000,000	1,000,000	1,000,000
Special/contractual termination benefits			(1,000,000)	2,000,000
Other	(7,000,000)	0	(7,000,000)	0
Pension Plans | U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Employer contributions			0
Estimated future employer contributions	0		0
Service cost	0	0	1,000,000	1,000,000
Interest cost	33,000,000	35,000,000	100,000,000	106,000,000
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(49,000,000)	(48,000,000)	(147,000,000)	(146,000,000)
Amortization of unrecognized losses/(gains)	0	0	0	0
Net cost/(benefit)	(15,000,000)	(13,000,000)	(45,000,000)	(39,000,000)
Amortization of postemployment benefit plans prior service costs/(credits)	1,000,000	0	1,000,000	0
Special/contractual termination benefits			0	0
Other	0	0	0	0
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Employer contributions			8,000,000
Estimated future employer contributions	4,000,000		4,000,000
Service cost	1,000,000	1,000,000	2,000,000	2,000,000
Interest cost	8,000,000	10,000,000	24,000,000	28,000,000
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(14,000,000)	(14,000,000)	(42,000,000)	(41,000,000)
Amortization of unrecognized losses/(gains)	(5,000,000)	(3,000,000)	(16,000,000)	(11,000,000)
Net cost/(benefit)	(13,000,000)	(10,000,000)	(40,000,000)	(33,000,000)
Amortization of postemployment benefit plans prior service costs/(credits)	$ (3,000,000)	$ (4,000,000)	$ (8,000,000)	$ (11,000,000)

Postemployment Benefits - Postr

Postemployment Benefits - Postretirement Benefit Plans Net Cost/(Benefit) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Amortization of postemployment benefit plans prior service costs/(credits)	$ (2)	$ (3)	$ (6)	$ (10)
Postretirement Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1	2	2
Interest cost	8	10	24	28
Expected return on plan assets	(14)	(14)	(42)	(41)
Amortization of postemployment benefit plans prior service costs/(credits)	(3)	(4)	(8)	(11)
Amortization of unrecognized losses/(gains)	(5)	(3)	(16)	(11)
Net postretirement cost/(benefit)	$ (13)	$ (10)	$ (40)	$ (33)

Financial Instruments - Schedul

Financial Instruments - Schedule of Notional Values of Outstanding Derivatives (Details) £ in Millions, $ in Millions	Sep. 28, 2024 USD ($)	Sep. 28, 2024 GBP (£)	Dec. 30, 2023 USD ($)
Commodity contracts
Derivative [Line Items]
Derivative, notional amount	$ 1,032		$ 954
Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	4,399		4,618
Cross-currency contracts
Derivative [Line Items]
Derivative, notional amount	7,397		$ 6,133
Fair Value Hedging | United Kingdom, Pounds | Fair Value Hedging | Designated as hedging instrument
Derivative [Line Items]
Derivative liability, notional amount	864	£ 683
Derivative, amount of hedged item	$ 1,200

Financial Instruments - Sched_2

Financial Instruments - Schedule of Derivative Fair Values (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 30, 2023
Derivatives Fair Value [Line Items]
Assets	$ 221	$ 192
Liabilities	373	296
Foreign exchange contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	9	12
Liabilities	38	42
Foreign exchange contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	19	17
Liabilities	26	23
Cross-currency contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	142	140
Liabilities	254	165
Cross-currency contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	9
Liabilities	0
Commodity contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	42	23
Liabilities	55	66
Level 1
Derivatives Fair Value [Line Items]
Assets	36	20
Liabilities	48	59
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	36	20
Liabilities	48	59
Level 2
Derivatives Fair Value [Line Items]
Assets	185	172
Liabilities	325	237
Level 2 | Foreign exchange contracts | Other current assets
Derivatives Fair Value [Line Items]
Assets	27	21
Level 2 | Foreign exchange contracts | Other non-current assets
Derivatives Fair Value [Line Items]
Assets	1	8
Level 2 | Foreign exchange contracts | Other current liabilities
Derivatives Fair Value [Line Items]
Liabilities	48	51
Level 2 | Foreign exchange contracts | Other non-current liabilities
Derivatives Fair Value [Line Items]
Liabilities	16	14
Level 2 | Foreign exchange contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	9	12
Liabilities	38	42
Level 2 | Foreign exchange contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	19	17
Liabilities	26	23
Level 2 | Cross-currency contracts | Other current assets
Derivatives Fair Value [Line Items]
Assets	58	37
Level 2 | Cross-currency contracts | Other non-current assets
Derivatives Fair Value [Line Items]
Assets	93	103
Level 2 | Cross-currency contracts | Other current liabilities
Derivatives Fair Value [Line Items]
Liabilities	45	31
Level 2 | Cross-currency contracts | Other non-current liabilities
Derivatives Fair Value [Line Items]
Liabilities	209	134
Level 2 | Cross-currency contracts | Designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	142	140
Liabilities	254	165
Level 2 | Cross-currency contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	9
Liabilities	0
Level 2 | Commodity contracts | Other current assets
Derivatives Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	40
Level 2 | Commodity contracts | Other non-current assets
Derivatives Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	2
Level 2 | Commodity contracts | Other current liabilities
Derivatives Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	49	64
Level 2 | Commodity contracts | Other non-current liabilities
Derivatives Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	6	2
Level 2 | Commodity contracts | Not designated as hedging instrument
Derivatives Fair Value [Line Items]
Assets	6	3
Liabilities	$ 7	$ 7

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) € in Millions, £ in Millions, $ in Millions, $ in Millions, ¥ in Billions, $ in Billions	3 Months Ended		9 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 EUR (€)	Sep. 28, 2024 GBP (£)	Sep. 28, 2024 CAD ($)	Sep. 28, 2024 JPY (¥)	Sep. 28, 2024 MXN ($)	Dec. 30, 2023 USD ($)
Derivative [Line Items]
Derivative, collateral, obligation to return cash	$ 152		$ 152							$ 130
Derivative, collateral, right to reclaim cash	152		152							130
Collateral posted related to commodity derivative margin requirements, asset	12		$ 12							$ 41
Cross-currency contracts
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			54 months
Foreign exchange contracts
Derivative [Line Items]
Maximum length of time hedged in cash flow hedge			22 months
Designated as hedging instrument | Debt | Net Investment Hedging
Derivative [Line Items]
Non-derivative instruments, loss (gain) recognized in other comprehensive income (loss), net	66	$ (44)	$ 35	$ (12)
Designated as hedging instrument | Debt | Euro Member Countries, Euro | Net Investment Hedging
Derivative [Line Items]
Derivative, amount of hedged item | €					€ 300
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	2,300		2,300		€ 2,100
Designated as hedging instrument | Cross-currency contracts | Canada, Dollars | Net Investment Hedging
Derivative [Line Items]
Derivative liability, notional amount	1,300		1,300				$ 1.8
Designated as hedging instrument | Cross-currency contracts | Japan, Yen | Net Investment Hedging
Derivative [Line Items]
Derivative asset, notional amount	68		68					¥ 9.6
Designated as hedging instrument | Cross-currency contracts | China, Yuan Renminbi | Net Investment Hedging
Derivative [Line Items]
Derivative asset, notional amount	344		344					¥ 2.5
Designated as hedging instrument | Other contract | Euro Member Countries, Euro | Net Investment Hedging
Derivative [Line Items]
Derivative, amount of hedged item	363		363
Designated as hedging instrument | Fair Value Hedging | United Kingdom, Pounds | Fair Value Hedging
Derivative [Line Items]
Derivative, amount of hedged item	1,200		1,200
Derivative liability, notional amount	864		864			£ 683
Designated as hedging instrument | Fair Value Hedging | Mexico, Pesos | Fair Value Hedging
Derivative [Line Items]
Derivative liability, notional amount	$ 251		$ 251						$ 4,800

Financial Instruments - Derivat

Financial Instruments - Derivative Impact on Statements of Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Derivative [Line Items]
Other comprehensive income (loss), derivatives, gain (loss), before reclassification and tax	$ (110)	$ 100	$ 1	$ 61
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	(14)	29	17	11
Amounts excluded from the effectiveness assessment of cash flow hedges, before tax	1	(3)	(5)	(6)
Cash Flow Hedging | SG&A | Foreign exchange contracts
Derivative [Line Items]
Gains/(losses) recognized in other comprehensive income (loss) on cash flow hedges, before tax	(2)	0	(2)	0
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	(38)	0	(11)	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	61	(14)	2	20
Amounts excluded from the effectiveness assessment of cash flow hedges, before tax	0	7	0	20
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	(6)	(7)	(21)	(20)
Cash Flow Hedging | Interest expense | Interest rate contracts
Derivative [Line Items]
Gains/(losses) recognized in other comprehensive income (loss) on cash flow hedges, before tax	0	0	0	(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	(3)	1	(3)	4
Amounts excluded from the effectiveness assessment of net investment hedges, before tax	5	0	5	0
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	(101)	77	5	7
Net Investment Hedging | Interest expense | Foreign exchange contracts
Derivative [Line Items]
Amounts excluded from the effectiveness assessment of net investment hedges, before tax	1	0	1	1
Net Investment Hedging | Interest expense | Cross-currency contracts
Derivative [Line Items]
Amounts excluded from the effectiveness assessment of net investment hedges, before tax	10	10	34	27
Fair Value Hedging | Interest expense | Cross-currency contracts
Derivative [Line Items]
Amounts excluded from the effectiveness assessment of net investment hedges, before tax	$ (24)	$ 0	$ (21)	$ 0

Financial Instruments - Deriv_2

Financial Instruments - Derivative Impact on Statements of Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Total amounts presented in the condensed consolidated statements of income in which the following effects were recorded
Cost of products sold	$ 4,197	$ 4,335	$ 12,547	$ 13,171
Interest expense	230	228	685	683
Other expense/(income)	(48)	(35)	(56)	(94)
Interest rate contracts | Not designated as hedging instrument
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income			(3)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income			(3)
Cost of products sold
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(3)	29	0	(31)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(3)	29	0	(31)
Cost of products sold | Foreign exchange contracts | Not designated as hedging instrument
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
Cost of products sold | Cross-currency contracts | Not designated as hedging instrument
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
Cost of products sold | Commodity contracts | Not designated as hedging instrument
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(6)	24	(4)	(50)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(6)	24	(4)	(50)
Interest expense
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	5	2	14	6
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	5	2	14	6
Interest expense | Foreign exchange contracts | Not designated as hedging instrument
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
Interest expense | Cross-currency contracts | Not designated as hedging instrument
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
Interest expense | Commodity contracts | Not designated as hedging instrument
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
Other expense/(income)
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	58	(30)	17	8
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	58	(30)	17	8
Other expense/(income) | Foreign exchange contracts | Not designated as hedging instrument
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	(5)	9	(12)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	0	(5)	9	(12)
Other expense/(income) | Cross-currency contracts | Not designated as hedging instrument
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	13	(1)	(6)	2
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	13	(1)	(6)	2
Other expense/(income) | Commodity contracts | Not designated as hedging instrument
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 | Cost of products sold | Foreign exchange contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	4	8	9	27
Net gain/(loss) on derivatives, excluded component, reclassified to net income	(1)	(3)	(5)	(8)
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	4	8	9	27
Cash Flow Hedging | Cost of products sold | Cross-currency contracts | Designated as hedging instrument
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 | Interest expense | Foreign exchange contracts | Designated as hedging instrument
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 | Interest expense | Cross-currency contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(6)	(8)	(21)	(21)
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	(6)	(8)	(21)	(21)
Cash Flow Hedging | Other expense/(income) | Foreign exchange contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(39)	0	(12)	0
Net gain/(loss) on derivatives, excluded component, reclassified to net income	3	0	6	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(39)	0	(12)	0
Cash Flow Hedging | Other expense/(income) | Cross-currency contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	81	(31)	23	(2)
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	7	0	20
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	81	(31)	23	(2)
Net Investment Hedging | Cost of products sold | Foreign exchange contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Net Investment Hedging | Cost of products sold | Cross-currency contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Net Investment Hedging | Interest expense | Foreign exchange contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	1	1	1	1
Net Investment Hedging | Interest expense | Cross-currency contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	10	9	34	26
Net Investment Hedging | Other expense/(income) | Foreign exchange contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Net Investment Hedging | Other expense/(income) | Cross-currency contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gain/(loss) on derivatives, excluded component, reclassified to net income	0	0	0	0
Fair Value Hedging | Cost of products sold | Designated as hedging instrument
Derivatives designated as hedging instruments:
Fair value hedges, hedged items	0	0	0	0
Fair Value Hedging | Cost of products sold | Cross-currency contracts | Designated as hedging instrument
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
Fair Value Hedging | Interest expense | Designated as hedging instrument
Derivatives designated as hedging instruments:
Fair value hedges, hedged items	0	0	0	0
Fair Value Hedging | Interest expense | Cross-currency contracts | Designated as hedging instrument
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
Fair Value Hedging | Other expense/(income) | Designated as hedging instrument
Derivatives designated as hedging instruments:
Fair value hedges, hedged items	56	0	63	0
Fair Value Hedging | Other expense/(income) | Cross-currency contracts | Designated as hedging instrument
Derivatives designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	(56)	0	(63)	0
Derivatives not designated as hedging instruments:
Net gains/(losses) on derivatives, reclassified to net income	$ (56)	$ 0	$ (63)	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income/(Losses) - Components of and Changes in Accumulated Other Comprehensive Income/(Losses) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 49,526
Total other comprehensive income/(loss)			57
Ending balance	$ 48,328		48,328
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(2,634)
Other comprehensive income/(loss) before reclassifications	362	$ (352)	108	$ (62)
Total other comprehensive income/(loss)			83
Ending balance	(2,551)		(2,551)
Net investment hedge adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income/(loss) before reclassifications	(128)	92	(25)	17
Amounts excluded from effectiveness assessment	9	7	27	21
Reclassifications from AOCI	(9)	(8)	(27)	(21)
Before Tax Amount	11	10	35	28
Tax	(2)	(3)	(8)	(7)
Net Postemployment Benefit Plan Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			15
Reclassifications from AOCI	(3)	(1)	(10)	(8)
Total other comprehensive income/(loss)			(10)
Ending balance	5		5
Net Cash Flow Hedge Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			15
Other comprehensive income/(loss) before reclassifications	(8)	14	(5)	5
Amounts excluded from effectiveness assessment	6	3	5	13
Reclassifications from AOCI	(26)	13	(7)	(18)
Total other comprehensive income/(loss)			(7)
Ending balance	8		8
Before Tax Amount	6	4	0	14
Tax	0	$ (1)	5	$ (1)
Net Fair Value Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			0
Amounts excluded from effectiveness assessment	(12)		(9)
Total other comprehensive income/(loss)			(9)
Ending balance	(9)		(9)
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, after Tax			(9)
Before Tax Amount	(24)		(21)
Tax	12		12
AOCI Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			(2,604)
Ending balance	$ (2,547)		$ (2,547)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income/(Losses) - Gross Amount and Related Tax Benefit/(Expense) Recorded in and Associated with each Component of Other Comprehensive Income/(Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Foreign Currency Translation Adjustments
OCI Before Reclassifications
Before Tax Amount	$ 362	$ (352)	$ 108	$ (62)
Tax	0	0	0	0
Net of Tax Amount	362	(352)	108	(62)
Net investment hedge adjustments
OCI Before Reclassifications
Before Tax Amount	(170)	122	(33)	23
Tax	42	(30)	8	(6)
Net of Tax Amount	(128)	92	(25)	17
Amounts Excluded from Effectiveness Assessment
Before Tax Amount	11	10	35	28
Tax	(2)	(3)	(8)	(7)
Net of Tax Amount	9	7	27	21
Reclassifications
Before Tax Amount	(11)	(10)	(35)	(27)
Tax	2	2	8	6
Net of Tax Amount	(9)	(8)	(27)	(21)
Net Cash Flow Hedge Adjustments
OCI Before Reclassifications
Before Tax Amount	1	8	(15)	8
Tax	(9)	6	10	(3)
Net of Tax Amount	(8)	14	(5)	5
Amounts Excluded from Effectiveness Assessment
Before Tax Amount	6	4	0	14
Tax	0	(1)	5	(1)
Net of Tax Amount	6	3	5	13
Reclassifications
Before Tax Amount	(42)	27	3	(16)
Tax	16	(14)	(10)	(2)
Net of Tax Amount	(26)	13	(7)	(18)
Net Postemployment Benefit Plan Adjustments
Reclassifications
Before Tax Amount	(4)	(2)	(13)	(11)
Tax	1	1	3	3
Net of Tax Amount	(3)	$ (1)	(10)	$ (8)
Net Fair Value Hedges
Amounts Excluded from Effectiveness Assessment
Before Tax Amount	(24)		(21)
Tax	12		12
Net of Tax Amount	$ (12)		$ (9)

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income/(Losses) - Amounts Reclassified from Accumulated Other Comprehensive Income/(Losses) (Details) € in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Mar. 01, 2024 EUR (€)
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Interest expense	$ 230	$ 228	$ 685	$ 683
Cost of products sold	4,197	4,335	12,547	13,171
Selling, general and administrative expenses	2,287	1,582	5,000	3,337
Other expense/(income)	(48)	(35)	(56)	(94)
Income/(loss) before income taxes	(283)	460	1,094	2,683
Provision for/(benefit from) income taxes	7	206	480	594
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	290	(254)	(614)	(2,089)
Senior Notes due May 2025 | Senior Notes
Reclassification Adjustment out of Accumulated Other Comprehensive Income/(Losses) [Line Items]
Outstanding aggregate principal amount | €					€ 600
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	(10)	(9)	(34)	(26)
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	(3)	(5)	(4)	(19)
Other expense/(income)	36	0	6	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	6	8	21	21
Other expense/(income)	(81)	24	(23)	(18)
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]
Other expense/(income)	0	0	(3)	0
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	53	(17)	32	43
Provision for/(benefit from) income taxes	18	(12)	(2)	4
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(35)	5	(34)	(39)
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	4	2	13	11
Provision for/(benefit from) income taxes	1	1	3	3
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(3)	(1)	(10)	(8)
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)	(2)	1	(7)	(1)
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)	$ (2)	$ (3)	$ (6)	$ (10)

Financing Arrangements - Additi

Financing Arrangements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 30, 2023
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Accounts Receivable, Sale	$ 0	$ 242	$ 0	$ 863
Accounts Receivable, Held-for-Sale	0		0		$ 0
Incremental Costs of Factoring Receivables	$ 0		$ 0
Minimum
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Supplier payment term	0 days		0 days
Maximum
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Supplier payment term	250 days		250 days
Accounts Payable and Accrued Liabilities
Assets that Continue to be Recognized, Securitized or Asset-Backed Financing Arrangement Assets and any Other Financial Assets Managed Together [Line Items]
Supplier finance program, amount outstanding	$ 800		$ 800

Commitments, Contingencies an_2

Commitments, Contingencies and Debt - Debt Narrative (Details) € in Millions, $ in Millions	1 Months Ended	9 Months Ended
	Jun. 30, 2023 USD ($)	Sep. 28, 2024 USD ($)	Sep. 30, 2023 USD ($)	Mar. 01, 2024 EUR (€)	Dec. 30, 2023 USD ($)	Jul. 08, 2022 USD ($)
Loss Contingencies [Line Items]
Interest rate				3.50%
Fair value of total debt		$ 19,900			$ 19,600
Carrying value of total debt		20,100			$ 20,000
Repayments of long-term debt		$ 607	$ 823
Senior unsecured revolving credit facility
Loss Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity						$ 4,000
Senior Notes due May 2025 | Senior Notes
Loss Contingencies [Line Items]
Outstanding aggregate principal amount | €				€ 600
Senior Notes due May 2024 | Senior Notes
Loss Contingencies [Line Items]
Outstanding aggregate principal amount | €				550
Senior Notes due May 2029 | Senior Notes
Loss Contingencies [Line Items]
Outstanding aggregate principal amount | €				€ 550
Senior Notes Due June 2023 | Senior Notes
Loss Contingencies [Line Items]
Repayments of long-term debt	$ 750

Earnings Per Share - Schedule o

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		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Basic EPS
Net income/(loss) attributable to common shareholders	$ (290)	$ 262	$ 613	$ 2,098
Weighted average shares of common stock outstanding (in shares)	1,210	1,229	1,212	1,228
Basic earnings/(loss) per common share (in dollars per share)	$ (0.24)	$ 0.21	$ 0.51	$ 1.71
Diluted EPS
Net income/(loss) attributable to common shareholders	$ (290)	$ 262	$ 613	$ 2,098
Weighted average shares of common stock outstanding (in shares)	1,210	1,229	1,212	1,228
Effect of dilutive equity awards (in shares)	0	6	5	7
Weighted average shares of common stock outstanding, including dilutive effect (in shares)	1,210	1,235	1,217	1,235
Diluted earnings/(loss) per common share (in dollars per share)	$ (0.24)	$ 0.21	$ 0.50	$ 1.70

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Anti-dilutive shares	15	7	6	7

Segment Reporting - Additional

Segment Reporting - Additional Information (Details)	9 Months Ended
	Sep. 28, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Reporting - Net Sales b

Segment Reporting - Net Sales by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	$ 6,383	$ 6,570	$ 19,270	$ 19,780
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	5,708	5,878	17,197	17,634
North America
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	4,826	4,995	14,575	14,959
International Developed Markets
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	882	883	2,622	2,675
Emerging Markets
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	$ 675	$ 692	$ 2,073	$ 2,146

Segment Reporting - Segment Adj

Segment Reporting - Segment Adjusted EBITDA (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Restructuring activities	$ 0	$ (45)	$ 0	$ 25
Unrealized gains/(losses) on commodity hedges	(3)	48	30	53
Impairment losses	(1,428)	(662)	(2,282)	(662)
Certain non-ordinary course legal and regulatory matters	0	0	0	(2)
Operating income/(loss)	(101)	653	1,723	3,272
Interest expense	230	228	685	683
Other expense/(income)	(48)	(35)	(56)	(94)
Income/(loss) before income taxes	(283)	460	1,094	2,683
Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	1,372	1,374	4,190	4,077
General corporate expenses
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	(126)	(150)	(447)	(455)
North America | Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	1,237	1,245	3,793	3,701
International Developed Markets | Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	135	129	397	376
Emerging Markets | Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	$ 84	$ 88	$ 232	$ 286

Segment Reporting - Net Sales_2

Segment Reporting - Net Sales by Platform (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Revenue from External Customer [Line Items]
Net sales	$ 6,383	$ 6,570	$ 19,270	$ 19,780
Taste Elevation
Revenue from External Customer [Line Items]
Net sales	2,825	2,788	8,443	8,514
Easy Ready Meals
Revenue from External Customer [Line Items]
Net sales	1,171	1,213	3,497	3,592
Substantial Snacking
Revenue from External Customer [Line Items]
Net sales	317	387	955	1,070
Desserts
Revenue from External Customer [Line Items]
Net sales	292	284	815	813
Hydration
Revenue from External Customer [Line Items]
Net sales	539	540	1,635	1,743
Cheese
Revenue from External Customer [Line Items]
Net sales	426	433	1,273	1,310
Coffee
Revenue from External Customer [Line Items]
Net sales	200	219	621	647
Meats
Revenue from External Customer [Line Items]
Net sales	538	568	1,633	1,670
Other
Revenue from External Customer [Line Items]
Net sales	75	138	398	421
Accelerate
Revenue from External Customer [Line Items]
Net sales	4,313	4,388	12,895	13,176
Protect
Revenue from External Customer [Line Items]
Net sales	831	824	2,450	2,556
Balance
Revenue from External Customer [Line Items]
Net sales	$ 1,239	$ 1,358	$ 3,925	$ 4,048

Other Financial Data - Schedule

Other Financial Data - Schedule of Other Expense/(Income) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Amortization of postemployment benefit plans prior service costs/(credits)	$ (2)	$ (3)	$ (6)	$ (10)
Net pension and postretirement non-service cost/(benefit)(a)	(38)	(22)	(101)	(68)
Loss/(gain) on sale of business	(1)	0	78	2
Interest income	16	12	49	28
Foreign exchange losses/(gains)	7	(25)	(28)	21
Derivative losses/(gains)	(2)	30	46	(8)
Other miscellaneous expense/(income)	4	(3)	4	(3)
Other expense/(income)	48	$ 35	56	$ 94
Pension and Other Postretirement Benefits Cost (Reversal of Cost)	$ 16		$ 33

Other Financial Data - Addition

Other Financial Data - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Other expense/(income)	$ 48	$ 35	$ 56	$ 94
Derivative losses/(gains)	(2)	30	46	(8)
Loss/(gain) on sale of business	(1)	0	78	2
Foreign exchange losses/(gains)	7	(25)	(28)	21
Investment Income, Interest	(16)	$ (12)	(49)	$ (28)
Pension and Other Postretirement Benefits Cost (Reversal of Cost)	$ 16		$ 33