Kellogg (K) 10-Q 8 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 01, 2017	Apr. 29, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 1, 2017
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017
Entity Registrant Name	KELLOGG CO
Entity Central Index Key	55,067
Current Fiscal Year End Date	--12-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		350,277,682

Consolidated Balance Sheet (Una

Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016	[1]
Current assets
Cash and cash equivalents	$ 298	$ 280
Accounts receivable, net	1,464	1,231
Inventories:
Raw materials and supplies	318	315
Finished goods and materials in process	877	923
Other prepaid assets	189	191
Total current assets	3,146	2,940
Property, net of accumulated depreciation of $5,397 and $5,280	3,576	3,569
Investments in unconsolidated entities	440	438
Goodwill	5,084	5,166
Other intangibles, net of accumulated amortization of $56 and $54	2,442	2,369
Other assets	739	629
Total assets	15,427	15,111
Current liabilities
Current maturities of long-term debt	632	631
Notes payable	629	438
Accounts payable	1,995	2,014
Accrued advertising and promotion	464	436
Accrued income taxes	141	47
Accrued salaries and wages	251	318
Other current liabilities	620	590
Total current liabilities	4,732	4,474
Long-term debt	6,715	6,698
Deferred income taxes	456	525
Pension liability	1,008	1,024
Other liabilities	494	464
Commitments and contingencies
Equity
Common stock, $.25 par value	105	105
Capital in excess of par value	817	806
Retained earnings	6,650	6,571
Treasury stock, at cost	(4,078)	(3,997)
Accumulated other comprehensive income (loss)	(1,488)	(1,575)
Total Kellogg Company equity	2,006	1,910
Noncontrolling interests	16	16
Total equity	2,022	1,926
Total liabilities and equity	$ 15,427	$ 15,111
[1]	Condensed from audited financial statements.

Consolidated Balance Sheet (Un3

Consolidated Balance Sheet (Unaudited) (Parenthetical) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016	[1]
Statement of Financial Position [Abstract]
Property, accumulated depreciation	$ 5,397	$ 5,280
Other intangibles, accumulated amortization	$ 56	$ 54
Common stock, par value (in dollars per share)	$ 0.25	$ 0.25
[1]	Condensed from audited financial statements.

Consolidated Statement of Incom

Consolidated Statement of Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Income Statement [Abstract]
Net sales	$ 3,254	$ 3,395
Cost of goods sold	2,050	2,150
Selling, general and administrative expense	844	807
Operating profit	360	438
Interest expense	61	217
Other income (expense), net	3	0
Income before income taxes	302	221
Income taxes	42	47
Earnings (loss) from unconsolidated entities	2	1
Net Income	$ 262	$ 175
Per share amounts:
Basic (in dollars per share)	$ 0.75	$ 0.50
Diluted (in dollars per share)	0.74	0.49
Dividends per share (in dollars per share)	$ 0.52	$ 0.50
Average shares outstanding:
Basic (in shares)	351	351
Diluted (in shares)	354	355
Actual shares outstanding at period end (in shares)	350	350

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 262	$ 175
Other comprehensive income (loss), pre-tax:
Foreign currency translation adjustments, pre-tax	76	(55)
Cash flow hedges, pre-tax:
Unrealized gain (loss) on cash flow hedges, pre-tax		(57)
Reclassification to net income, pre-tax	2	2
Postretirement and postemployment benefits reclassification to net income, pre-tax:
Net experience loss	1	1
Other comprehensive income (loss), pre-tax	79	(109)
Other comprehensive income (loss), tax (expense) benefit
Foreign currency translation adjustments, tax (expense) benefit	9	29
Cash flow hedges, tax (expense) benefit:
Unrealized gain (loss) on cash flow hedges, tax (expense) benefit		23
Reclassification to net income, tax (expense) benefit	(1)	(1)
Postretirement and postemployment benefits reclassification to net income, tax (expense) benefit:
Net experience loss, tax (expense) benefit	0	0
Other comprehensive income (loss), tax (expense) benefit	8	51
Other comprehensive income (loss), after tax:
Foreign currency translation adjustments, after-tax	85	(26)
Cash flow hedges, after tax
Unrealized gain (loss) on cash flow hedges, after-tax		(34)
Reclassification to net income, after-tax	1	1
Postretirement and postemployment benefits reclassification to net income, after-tax:
Net experience loss, after-tax	1	1
Other comprehensive income (loss)	87	(58)
Comprehensive income	$ 349	$ 117

Consolidated Statement of Equit

Consolidated Statement of Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total		Common stock	Capital in excess of par value	Retained earnings	Treasury stock	Accumulated other comprehensive income (loss)	Total Kellogg Company equity	Non-controlling interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 2,138								$ 10
Balance at Jan. 02, 2016			$ 105	$ 745	$ 6,597	$ (3,943)	$ (1,376)	$ 2,128
Balance (in shares) at Jan. 02, 2016			420			70
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock repurchases (in shares)						6
Common stock repurchases	(426)					$ (426)		(426)
Net income	695				694			694	1
Noncontrolling Interest, Increase from Business Combination	5							0	5
Dividends	(716)				(716)			(716)
Other comprehensive income	(199)						(199)	(199)	0
Stock compensation	63			63				63
Stock options exercised and other (in shares)						(7)
Stock options exercised and other	366			(2)	(4)	$ 372		366
Balance (in shares) at Dec. 31, 2016			420			69
Balance at Dec. 31, 2016	1,910	[1]	$ 105	806	6,571	$ (3,997)	(1,575)	1,910
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,926	[1]							16
Common stock repurchases (in shares)	2					2
Common stock repurchases	$ (125)					$ (125)		(125)
Net income	262				262			262
Dividends	(182)				(182)			(182)
Other comprehensive income	87						87	87
Stock compensation	17			17				17
Stock options exercised and other (in shares)						(1)
Stock options exercised and other	37			(6)	(1)	$ 44		37
Balance (in shares) at Apr. 01, 2017			420			70
Balance at Apr. 01, 2017	2,006		$ 105	$ 817	$ 6,650	$ (4,078)	$ (1,488)	$ 2,006
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 2,022								$ 16
[1]	Condensed from audited financial statements.

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017		Apr. 02, 2016
Operating activities
Net income	$ 262		$ 175
Adjustments to reconcile net income to operating cash flows:
Depreciation and amortization	121		115
Postretirement benefit plan expense (benefit)	(56)		(28)
Deferred income taxes	(67)		0
Stock compensation	17		15
Other	30		(27)
Postretirement benefit plan contributions	(24)		(17)
Changes in operating assets and liabilities, net of acquisitions:
Trade receivables	(192)		(201)
Inventories	58		49
Accounts payable	11		89
Accrued income taxes	92		(13)
Accrued interest expense	48		12
Accrued and prepaid advertising and promotion	18		12
Accrued salaries and wages	(71)		(113)
All other current assets and liabilities	(36)		(63)
Net cash provided by (used in) operating activities	211		5
Investing activities
Additions to properties	(130)		(144)
Acquisitions, net of cash acquired	0		(18)
Other	(1)		7
Net cash provided by (used in) investing activities	(131)		(155)
Financing activities
Net issuances (reductions) of notes payable	191		(485)
Issuances of long-term debt	0		1,382
Reductions of long-term debt	(1)		(473)
Net issuances of common stock	40		164
Common stock repurchases	(125)		(198)
Cash dividends	(182)		(176)
Other	0		0
Net cash provided by (used in) financing activities	(77)		214
Effect of exchange rate changes on cash and cash equivalents	15		(5)
Increase (decrease) in cash and cash equivalents	18		59
Cash and cash equivalents at beginning of period	280	[1]	251
Cash and cash equivalents at end of period	298		310
Supplemental cash flow disclosures
Interest paid	16		199
Income taxes paid	16		59
Supplemental cash flow dislcosures of non-cash activities [Abstract]
Additions to properties included in accounts payable	$ 106		$ 88
[1]	Condensed from audited financial statements.

Accounting Policies

Accounting Policies	3 Months Ended
	Apr. 01, 2017
Accounting Policies [Abstract]
Accounting Policies	Accounting policies Basis of presentation The unaudited interim financial information of Kellogg Company (the Company) included in this report reflects all adjustments, all of which are of a normal and recurring nature, that management believes are necessary for a fair statement of the results of operations, comprehensive income, financial position, equity and cash flows for the periods presented. This interim information should be read in conjunction with the financial statements and accompanying footnotes within the Company’s 2016 Annual Report on Form 10-K. The condensed balance sheet information at December 31, 2016 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States. The results of operations for the quarterly period ended April 1, 2017 are not necessarily indicative of the results to be expected for other interim periods or the full year. Accounts payable The Company has agreements with certain third parties to provide accounts payable tracking systems which facilitates participating suppliers’ ability to monitor and, if elected, sell payment obligations from the Company to designated third-party financial institutions. Participating suppliers may, at their sole discretion, make offers to sell one or more payment obligations of the Company prior to their scheduled due dates at a discounted price to participating financial institutions. The Company’s goal in entering into these agreements is to capture overall supplier savings, in the form of payment terms or vendor funding, created by facilitating suppliers’ ability to sell payment obligations, while providing them with greater working capital flexibility. We have no economic interest in the sale of these suppliers’ receivables and no direct financial relationship with the financial institutions concerning these services. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by suppliers’ decisions to sell amounts under these arrangements. However, the Company’s right to offset balances due from suppliers against payment obligations is restricted by this agreement for those payment obligations that have been sold by suppliers. As of April 1, 2017 , $731 million of the Company’s outstanding payment obligations had been placed in the accounts payable tracking system, and participating suppliers had sold $543 million of those payment obligations to participating financial institutions. As of December 31, 2016 , $677 million of the Company’s outstanding payment obligations had been placed in the accounts payable tracking system, and participating suppliers had sold $507 million of those payment obligations to participating financial institutions. New accounting standards Income Taxes. In October 2016, the FASB, as part of their simplification initiative, issued an ASU to improve the accounting for income tax consequences of intra-entity transfers of assets other than inventory. Current Generally Accepted Accounting Principles (GAAP) prohibit recognition of current and deferred income taxes for intra-entity asset transfers until the asset has been sold to an outside party, which is an exception to the principle of comprehensive recognition of current and deferred income taxes in GAAP. The amendments in the ASU eliminate the exception, such that entities should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted, as of the beginning of an annual reporting period for which financial statements have not been issued or made available for issuance. That is, early adoption should be the first interim period if an entity issues interim financial statements. The amendments in this ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the period of adoption. The Company early adopted the ASU in the first quarter of 2017. As a result of an intercompany transfer of intellectual property , the Company recorded a $38 million reduction in income tax expense in the quarter ended April 1, 2017 . Upon adoption, there was no cumulative effect adjustment to retained earnings. Accounting standards to be adopted in future periods Improving the Presentation of net Periodic Pension Cost and net Periodic Postretirement Benefit Cost. In March 2017, the FASB issued an ASU to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The ASU requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted, as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. That is, early adoption should be the first interim period if an entity issues interim financial statements. The amendments in this ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets. The Company will adopt the ASU in the first quarter of 2018. See further discussion in Accounting policies to be adopted in future periods section of MD&A. Simplifying the test for goodwill impairment. In January 2017, the FASB issued an ASU to simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit's goodwill with the carrying amount of that goodwill. The ASU is effective for an entity's annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The amendments in this ASU should be applied on a prospective basis. The Company is currently assessing the impact and timing of adoption of this ASU. Statement of Cash Flows. In August 2016, the FASB issued an ASU to provide cash flow statement classification guidance for certain cash receipts and payments including (a) debt prepayment or extinguishment costs; (b) contingent consideration payments made after a business combination; (c) insurance settlement proceeds; (d) distributions from equity method investees; (e) beneficial interests in securitization transactions and (f) application of the predominance principle for cash receipts and payments with aspects of more than one class of cash flows. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period, in which case adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The amendments in this ASU should be applied retrospectively. The Company will adopt the new ASU in the first quarter of 2018. The Company doesn't expect material impacts to the financial statements upon adoption, activities impacted by adoption of this ASU will continue to be monitored throughout its 2017 fiscal year. Leases. In February 2016, the FASB issued an ASU which will require the recognition of lease assets and lease liabilities by lessees for all leases with terms greater than 12 months. The distinction between finance leases and operating leases will remain, with similar classification criteria as current GAAP to distinguish between capital and operating leases. The principal difference from current guidance is that the lease assets and lease liabilities arising from operating leases will be recognized on the Consolidated Balance Sheet. Lessor accounting remains substantially similar to current GAAP. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Company will adopt the ASU in the first quarter of 2019, and is currently evaluating the impact that implementing this ASU will have on its financial statements. Recognition and measurement of financial assets and liabilities. In January 2016, the FASB issued an ASU which primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption can be elected for all financial statements of fiscal years and interim periods that have not yet been issued or that have not yet been made available for issuance. Entities should apply the update by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The Company will adopt the updated standard in the first quarter of 2018. The Company does not expect the adoption of this ASU to have a significant impact on its financial statements. Revenue from contracts with customers. In May 2014, the FASB issued an ASU, as amended, which provides guidance for accounting for revenue from contracts with customers. The core principle of this ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration the entity expects to be entitled to in exchange for those goods or services. To achieve that core principle, an entity would be required to apply the following five steps: 1) identify the contract(s) with a customer; 2) identify the performance obligations in the contract; 3) determine the transaction price; 4) allocate the transaction price to the performance obligations in the contract and 5) recognize revenue when (or as) the entity satisfies a performance obligation. When the ASU was originally issued it was effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption was not permitted. On July 9, 2015, the FASB decided to delay the effective date of the new revenue standard by one year. The updated standard will be effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Entities will be permitted to adopt the new revenue standard early, but not before the original effective date. Entities will have the option to apply the final standard retrospectively or use a modified retrospective method, recognizing the cumulative effect of the ASU in retained earnings at the date of initial application. An entity will not restate prior periods if it uses the modified retrospective method, but will be required to disclose the amount by which each financial statement line item is affected in the current reporting period by the application of the ASU as compared to the guidance in effect prior to the change, as well as reasons for significant changes. The Company will adopt the updated standard in the first quarter of 2018, using a modified retrospective transition method, and the adoption is not expected to have a significant impact on its historical financial statements.

Sale of Accounts Receivable

Sale of Accounts Receivable	3 Months Ended
	Apr. 01, 2017
Transfers and Servicing of Financial Assets [Abstract]
Transfers and Servicing of Financial Assets [Text Block]	Sale of accounts receivable In March 2016, the Company entered into an agreement (the “Receivable Sales Agreement”), to sell, on a revolving basis, certain trade accounts receivable balances to a third party financial institution. Transfers under this agreement are accounted for as sales of receivables resulting in the receivables being de-recognized from the Consolidated Balance Sheet. The Receivable Sales Agreement provides for the continuing sale of certain receivables on a revolving basis until terminated by either party; however the maximum receivables that may be sold at any time is $700 million . During the quarters ended April 1, 2017 and April 2, 2016 approximately $535 million and $53 million , respectively, of accounts receivable have been sold via this arrangement. Accounts receivable sold of $611 million and $562 million remained outstanding under this arrangement as of April 1, 2017 and December 31, 2016, respectively. The proceeds from these sales of receivables are included in cash from operating activities in the Consolidated Statement of Cash Flows. The recorded net loss on sale of receivables was immaterial for the quarters ended April 1, 2017 and April 2, 2016 and is included in Other income and expense. In July 2016, the Company entered into a U.S. accounts receivable securitization program with a third party financial institution. Under the program, we receive cash consideration of up to $600 million and a deferred purchase price asset for the remainder of the purchase price. Transfers under this agreement are accounted for as sales of receivables resulting in the receivables being de-recognized from the Consolidated Balance Sheet. This securitization program utilizes Kellogg Funding Company (Kellogg Funding), a wholly-owned subsidiary of the Company. Kellogg Funding's sole business consists of the purchase of receivables, from its parent or other subsidiary and subsequent transfer of such receivables and related assets to financial institutions. Although Kellogg Funding is included in our consolidated financial statements, it is a separate legal entity with separate creditors who will be entitled, upon its liquidation, to be satisfied out of Kellogg Funding assets prior to any assets or value in Kellogg Funding becoming available to the Company or its subsidiaries. The assets of Kellogg Funding are not available to pay creditors of the Company or its subsidiaries. This program expires in July 2017 but can be renewed with consent from the parties to the program. During the quarter ended April 1, 2017 , $595 million of accounts receivable were sold via the accounts receivable securitization program. As of April 1, 2017 , approximately $353 million of accounts receivable sold to Kellogg Funding under the securitization program remained outstanding, for which the Company received net cash proceeds of approximately $303 million and a deferred purchase price asset of approximately $50 million . As of December 31, 2016, approximately $292 million of accounts receivable sold to Kellogg Funding under the securitization program remained outstanding, for which the Company received net cash proceeds of approximately $255 million and a deferred purchase price asset of approximately $37 million . The portion of the purchase price for the receivables which is not paid in cash by the financial institutions is a deferred purchase price asset, which is paid to Kellogg Funding as payments on the receivables are collected from customers. The deferred purchase price asset represents a beneficial interest in the transferred financial assets and is recognized at fair value as part of the sale transaction. The deferred purchase price asset is included in Other prepaid assets on the Consolidated Balance Sheet. The proceeds from these sales of receivables are included in cash from operating activities in the Consolidated Statement of Cash Flows. The recorded net loss on sale of receivables for the quarter ended April 1, 2017 is included in Other income and expense and is not material. The Company has no retained interests in the receivables sold under the programs above which primarily enables the Company to extend customers payment terms for a net economic benefit attained on a cash flow neutral basis. The Company does have collection and administrative responsibilities for the sold receivables. The Company has not recorded any servicing assets or liabilities as of April 1, 2017 and December 31, 2016 for these agreements as the fair value of these servicing arrangements as well as the fees earned were not material to the financial statements. Additionally, from time to time certain of the Company's foreign subsidiaries will transfer, without recourse, accounts receivable balances of certain customers to financial institutions. These transactions are accounted for as sales of the receivables resulting in the receivables being de-recognized from the Consolidated Balance Sheet. During the quarter ended April 1, 2017 , $55 million of accounts receivable have been sold via these programs. Accounts receivable sold of $50 million and $124 million remained outstanding under these programs as of April 1, 2017 and December 31, 2016, respectively. The recorded net loss on the sale of these receivables is included in Other income and expense and is not material.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Apr. 01, 2017
Acquisitions, Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	Goodwill and other intangible assets Parati acquisition In December 2016, the Company acquired Ritmo Investimentos, controlling shareholder of Parati S/A, Afical Ltda and Padua Ltda ("Parati Group"), a leading Brazilian food group for approximately BRL 1.38 billion ( $381 million ) or $379 million , net of cash and cash equivalents. The purchase price is subject to certain working capital and net debt adjustments based on the actual working capital and net debt existing on the acquisition date compared to targeted amounts. The acquisition was accounted for under the purchase price method and was financed with cash on hand and short-term borrowings. The assets and liabilities of the Parati Group are included in the Consolidated Balance Sheet as of April 1, 2017 within the Latin America segment. The acquired assets and assumed liabilities include the following: (millions) December 1, 2016 Current assets $ 44 Property 72 Goodwill 145 Intangible assets 179 Current liabilities (48 ) Non-current deferred tax liability and other (13 ) $ 379 The above amounts represent the allocation of purchase price as of April 1, 2017 and are subject to revision when the working capital and net debt adjustments to the purchase price are agreed between the parties and appraisals are finalized for property and intangible assets. These items will be finalized during 2017. As of April 1, 2017, the Company had finalized plans to merge the acquired and pre-existing Brazilian legal entities, which will result in tax basis of the acquired intangible assets. Accordingly, deferred tax liabilities and goodwill were both reduced by $41 million in the quarter ended April 1, 2017. In addition, during the first quarter, the value of intangible assets subject to amortization increased $57 million and intangible assets not subject to amortization increased $4 million with an offsetting $61 million adjustment to goodwill in conjunction with the updated allocation of the purchase price. A portion of the acquisition price aggregating $67 million was placed in escrow in favor of the seller for general representations and warranties, as well as pending resolution of certain contingencies arising from the business prior to the acquisition. The Company is still evaluating these amounts, which could result in the recognition of certain contingent liabilities along with corresponding receivables from the escrow account. Changes in the carrying amount of goodwill, intangible assets subject to amortization, consisting primarily of customer lists, and indefinite-lived intangible assets, consisting of brands, are presented in the following tables: Carrying amount of goodwill (millions) U.S. Morning Foods U.S. Snacks U.S. Specialty North America Other Europe Latin America Asia Pacific Consoli- dated December 31, 2016 $ 131 $ 3,568 $ 82 $ 457 $ 376 $ 328 $ 224 $ 5,166 Purchase price allocation adjustment — — — — — (102 ) — (102 ) Currency translation adjustment — — — 1 7 9 3 20 April 1, 2017 $ 131 $ 3,568 $ 82 $ 458 $ 383 $ 235 $ 227 $ 5,084 Intangible assets subject to amortization Gross carrying amount (millions) U.S. Morning Foods U.S. Snacks U.S. Specialty North America Other Europe Latin America Asia Pacific Consoli- dated December 31, 2016 $ 8 $ 42 $ — $ 5 $ 40 $ 36 $ 10 $ 141 Purchase price allocation adjustment — — — — — 57 — 57 Currency translation adjustment — — — — 1 4 — 5 April 1, 2017 $ 8 $ 42 $ — $ 5 $ 41 $ 97 $ 10 $ 203 Accumulated Amortization December 31, 2016 $ 8 $ 19 $ — $ 4 $ 14 $ 6 $ 3 $ 54 Amortization — 1 — — 1 — — 2 April 1, 2017 $ 8 $ 20 $ — $ 4 $ 15 $ 6 $ 3 $ 56 Intangible assets subject to amortization, net December 31, 2016 $ — $ 23 $ — $ 1 $ 26 $ 30 $ 7 $ 87 Purchase price allocation adjustment — — — — — 57 — 57 Currency translation adjustment — — — — 1 4 — 5 Amortization — (1 ) — — (1 ) — — (2 ) April 1, 2017 $ — $ 22 $ — $ 1 $ 26 $ 91 $ 7 $ 147 For intangible assets in the preceding table, amortization was $2 million and $2 million for the quarters ended April 1, 2017 and April 2, 2016 , respectively. The currently estimated aggregate annual amortization expense for full-year 2017 is approximately $8 million . Intangible assets not subject to amortization (millions) U.S. Morning Foods U.S. Snacks U.S. Specialty North America Other Europe Latin America Asia Pacific Consoli- dated December 31, 2016 $ — $ 1,625 $ — $ 176 $ 383 $ 98 $ — $ 2,282 Purchase price allocation adjustment — — — — — 4 — 4 Currency translation adjustment — — — — 5 4 — 9 April 1, 2017 $ — $ 1,625 $ — $ 176 $ 388 $ 106 $ — $ 2,295

Restructuring and Cost Reductio

Restructuring and Cost Reduction Activities	3 Months Ended
	Apr. 01, 2017
Restructuring and Related Activities [Abstract]
Restructuring and Cost Reduction Activities	Restructuring and cost reduction activities The Company views its restructuring and cost reduction activities as part of its operating principles to provide greater visibility in achieving its long-term profit growth targets. Initiatives undertaken are currently expected to recover cash implementation costs within a five -year period of completion. Upon completion (or as each major stage is completed in the case of multi-year programs), the project begins to deliver cash savings and/or reduced depreciation. Total Projects During the quarter ended April 1, 2017 , the Company recorded total charges of $142 million across all restructuring and cost reduction activities. The charges were comprised of $15 million recorded in cost of goods sold (COGS) and $127 million recorded in selling, general and administrative (SG&A) expense. During the quarter ended April 2, 2016 , the Company recorded total charges of $52 million across all restructuring and cost reduction activities. The charges consist of $18 million recorded in COGS and $34 million recorded in SG&A expense. Project K In February 2017, the Company announced an expansion and an extension to its previously-announced global efficiency and effectiveness program (“Project K”), to reflect additional and changed initiatives. Project K is expected to continue generating a significant amount of savings that may be invested in key strategic areas of focus for the business or utilized to achieve our 2018 Margin Expansion target. The Company expects that these savings may be used to improve operating margins or drive future growth in the business. In addition to the original program’s focus on strengthening existing businesses in core markets, increasing growth in developing and emerging markets, and driving an increased level of value-added innovation, the extended program will also focus on implementing a more efficient go-to-market model for certain businesses and creating a more efficient organizational design in several markets. Since inception, Project K has provided significant benefits and is expected to continue to provide a number of benefits in the future, including an optimized supply chain infrastructure, the implementation of global business services, a new global focus on categories, increased agility from a more efficient organization design, and improved effectiveness in go-to-market strategies. The Company currently anticipates that Project K will result in total pre-tax charges, once all phases are approved and implemented, of $1.5 to $1.6 billion , with after-tax cash costs, including incremental capital investments, estimated to be to $1.1 billion . Based on current estimates and actual charges to date, the Company expects the total project charges will consist of asset-related costs of approximately $500 million which will consist primarily of asset impairments, accelerated depreciation and other exit-related costs; employee-related costs of approximately $500 million which will include severance, pension and other termination benefits; and other costs of approximately $600 million which consists primarily of charges related to the design and implementation of global business capabilities and a more efficient go-to-market model. The Company currently expects that total pre-tax charges will impact reportable segments as follows: U.S. Morning Foods (approximately 13% ), U.S. Snacks (approximately 35% ), U.S. Specialty (approximately 1% ), North America Other (approximately 11% ), Europe (approximately 21% ), Latin America (approximately 1% ), Asia-Pacific (approximately 6% ), and Corporate (approximately 12% ). Since the inception of Project K, the Company has recognized charges of $1,258 million that have been attributed to the program. The charges consist of $6 million recorded as a reduction of revenue, $705 million recorded in COGS and $547 million recorded in SG&A expense. Other Projects In 2015 the Company implemented a zero-based budgeting (ZBB) program in its North America business that has deliver ongoing annual savings. During 2016, ZBB was expanded to include the international segments of the business. In support of the ZBB initiative, the Company incurred pre-tax charges of approximately $1 million and $7 million during the quarters ended April 1, 2017 and April 2, 2016 , respectively. Total charges of $38 million have been recognized since the inception of the ZBB program. The tables below provide the details for charges across all restructuring and cost reduction activities incurred during the quarter and year-to-date periods ended April 1, 2017 and April 2, 2016 and program costs to date for programs currently active as of April 1, 2017 . Quarter ended Program costs to date (millions) April 1, 2017 April 2, 2016 April 1, 2017 Employee related costs $ 111 $ 14 $ 479 Asset related costs 10 10 202 Asset impairment — — 155 Other costs 21 28 460 Total $ 142 $ 52 $ 1,296 Quarter ended Program costs to date (millions) April 1, 2017 April 2, 2016 April 1, 2017 U.S. Morning Foods $ 1 $ 5 $ 242 U.S. Snacks 120 20 322 U.S. Specialty — 2 19 North America Other 7 9 135 Europe 6 14 305 Latin America 1 — 25 Asia Pacific 1 — 82 Corporate 6 2 166 Total $ 142 $ 52 $ 1,296 For the quarters ended April 1, 2017 and April 2, 2016 employee related costs consist primarily of severance and other termination related benefits, asset related costs consist primarily of accelerated depreciation, and other costs consist primarily of third-party incremental costs related to the development and implementation of global business capabilities and a more efficient go-to-market model. At April 1, 2017 total exit cost reserves were $204 million , related to severance payments and other costs of which a substantial portion will be paid out in 2017 and 2018. The following table provides details for exit cost reserves. Employee Related Costs Asset Impairment Asset Related Costs Other Costs Total Liability as of December 31, 2016 $ 102 $ — $ — $ 29 $ 131 2017 restructuring charges 111 — 10 21 142 Cash payments (16 ) — — (39 ) (55 ) Non-cash charges and other (4 ) — (10 ) — (14 ) Liability as of April 1, 2017 $ 193 $ — $ — $ 11 $ 204

Equity

Equity	3 Months Ended
	Apr. 01, 2017
Equity [Abstract]
Equity	Equity Earnings per share Basic earnings per share is determined by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is similarly determined, except that the denominator is increased to include the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued. Dilutive potential common shares consist principally of employee stock options issued by the Company, and to a lesser extent, certain contingently issuable performance shares. Basic earnings per share is reconciled to diluted earnings per share in the following table. There were 4 million and 2 million anti-dilutive potential common shares excluded from the reconciliation for the quarters ended April 1, 2017 and April 2, 2016 , respectively. Quarters ended April 1, 2017 and April 2, 2016 : (millions, except per share data) Net income Average shares outstanding Earnings per share 2017 Basic $ 262 351 $ 0.75 Dilutive potential common shares 3 (0.01 ) Diluted $ 262 354 $ 0.74 2016 Basic $ 175 351 $ 0.50 Dilutive potential common shares 4 (0.01 ) Diluted $ 175 355 $ 0.49 In December 2015, the board of directors approved a new authorization to repurchase of up to $1.5 billion of our common stock beginning in 2016 through December 2017. As of April 1, 2017, $949 million remains available under the authorization. During the quarter ended April 1, 2017 , the Company repurchased approximately 2 million shares of common stock for a total of $125 million . During the quarter ended April 2, 2016 , the Company repurchased 3 million shares of common stock for a total of $210 million . Comprehensive income Comprehensive income includes net income and all other changes in equity during a period except those resulting from investments by or distributions to shareholders. Other comprehensive income consists of foreign currency translation adjustments, fair value adjustments associated with cash flow hedges and adjustments for net experience losses and prior service cost related to employee benefit plans. Reclassifications out of AOCI for the quarter ended April 1, 2017 consisted of the following: (millions) Details about AOCI components Amount reclassified from AOCI Line item impacted within Income Statement Quarter ended April 1, 2017 Quarter ended April 2, 2016 (Gains) losses on cash flow hedges: Foreign currency exchange contracts $ (1 ) $ (7 ) COGS Foreign currency exchange contracts — — SG&A Interest rate contracts 2 6 Interest expense Commodity contracts — 3 COGS $ 1 $ 2 Total before tax — (1 ) Tax expense (benefit) $ 1 $ 1 Net of tax Amortization of postretirement and postemployment benefits: Net experience loss $ 1 $ 1 See Note 8 for further details Prior service cost — — See Note 8 for further details $ 1 $ 1 Total before tax — — Tax expense (benefit) $ 1 $ 1 Net of tax Total reclassifications $ 2 $ 2 Net of tax Accumulated other comprehensive income (loss) as of April 1, 2017 and December 31, 2016 consisted of the following: (millions) April 1, December 31, 2016 Foreign currency translation adjustments $ (1,420 ) $ (1,505 ) Cash flow hedges — unrealized net gain (loss) (66 ) (67 ) Postretirement and postemployment benefits: Net experience loss (13 ) (14 ) Prior service cost 11 11 Total accumulated other comprehensive income (loss) $ (1,488 ) $ (1,575 )

Debt

Debt	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Debt	Debt The following table presents the components of notes payable at April 1, 2017 and December 31, 2016 : April 1, 2017 December 31, 2016 (millions) Principal amount Effective interest rate (a) Principal amount Effective interest rate (a) U.S. commercial paper $ 242 0.85 % $ 80 0.61 % Europe commercial paper 315 (0.17 )% 306 (0.18 )% Bank borrowings 72 52 Total $ 629 $ 438 (a) Negative effective interest rates on certain borrowings in Europe are the result of efforts by the European Central Bank to stimulate the economy in the eurozone. The Company has entered into interest rate swaps with notional amounts totaling $2.2 billion , which effectively converts a portion of the associated U.S. Dollar Notes from fixed rate to floating rate obligations. These derivative instruments are designated as fair value hedges. The effective interest rates on debt obligations resulting from the Company’s interest rate swaps as of April 1, 2017 were as follows: (a) five-year 1.75% U.S. Dollar Notes due 2017 – 1.94% ; (b) seven-year 3.25% U.S. Dollar Notes due 2018 – 2.56% ; (c) ten-year 4.15% U.S. Dollar Notes due 2019 – 3.53% ; (d) ten-year 4.00% U.S. Dollar Notes due 2020 – 2.91% ; (e) ten-year 3.125% U.S. Dollar Notes due 2022 – 2.32% ; (f) ten-year 2.75% U.S. Dollar Notes due 2023 – 2.47% ; (g) seven-year 2.65% U.S. Dollar Notes due 2023 – 2.23% ; (h) eight-year 1.00% Euro Notes due 2024 – 0.74% and (i) ten-year 3.25% U.S. Notes due 2026 – 3.52% .

Stock Compensation

Stock Compensation	3 Months Ended
	Apr. 01, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation	Stock compensation The Company uses various equity-based compensation programs to provide long-term performance incentives for its global workforce. Currently, these incentives consist principally of stock options, restricted stock units, and to a lesser extent, executive performance shares and restricted stock grants. The Company also sponsors a discounted stock purchase plan in the United States and matching-grant programs in several international locations. Additionally, the Company awards restricted stock to its outside directors. The interim information below should be read in conjunction with the disclosures included within the stock compensation footnote of the Company’s 2016 Annual Report on Form 10-K. The Company classifies pre-tax stock compensation expense in COGS and SG&A expense principally within its Corporate segment. For the periods presented, compensation expense for all types of equity-based programs and the related income tax benefit recognized was as follows: Quarter ended (millions) April 1, 2017 April 2, 2016 Pre-tax compensation expense $ 18 $ 16 Related income tax benefit $ 6 $ 6 As of April 1, 2017 , total stock-based compensation cost related to non-vested awards not yet recognized was $145 million and the weighted-average period over which this amount is expected to be recognized was 2 years . Stock options During the quarters ended April 1, 2017 and April 2, 2016 , the Company granted non-qualified stock options to eligible employees as presented in the following activity tables. Terms of these grants and the Company’s methods for determining grant-date fair value of the awards were consistent with that described within the stock compensation footnote in the Company’s 2016 Annual Report on Form 10-K. Quarter ended April 1, 2017 : Employee and director stock options Shares (millions) Weighted- average exercise price Weighted- average remaining contractual term (yrs.) Aggregate intrinsic value (millions) Outstanding, beginning of period 15 $ 62 Granted 2 73 Exercised (1 ) 56 Forfeitures and expirations — — Outstanding, end of period 16 $ 64 7.2 $ 147 Exercisable, end of period 11 $ 60 6.3 $ 140 Quarter ended April 2, 2016 : Employee and director stock options Shares (millions) Weighted- average exercise price Weighted- average remaining contractual term (yrs.) Aggregate intrinsic value (millions) Outstanding, beginning of period 19 $ 58 Granted 3 76 Exercised (3 ) 55 Forfeitures and expirations — — Outstanding, end of period 19 $ 61 7.4 $ 306 Exercisable, end of period 12 $ 57 6.4 $ 242 The weighted-average grant date fair value of options granted was $10.14 per share and $9.45 per share for the quarters ended April 1, 2017 and April 2, 2016 , respectively. The fair value was estimated using the following assumptions: Weighted- average expected volatility Weighted- average expected term (years) Weighted- average risk-free interest rate Dividend yield Grants within the quarter ended April 1, 2017: 18 % 6.6 2.26 % 2.80 % Grants within the quarter ended April 2, 2016: 17 % 6.9 1.60 % 2.60 % The total intrinsic value of options exercised was $12 million and $50 million for the quarters ended April 1, 2017 and April 2, 2016 , respectively. Performance shares In the first quarter of 2017, the Company granted performance shares to a limited number of senior executive-level employees, which entitle these employees to receive a specified number of shares of the Company’s common stock upon vesting. The number of shares earned could range between 0 and 200% of the target amount depending upon performance achieved over the three year vesting period. The performance conditions of the award include currency-neutral comparable operating margin and total shareholder return (TSR) of the Company’s common stock relative to a select group of peer companies. A Monte Carlo valuation model was used to determine the fair value of the awards. The TSR performance metric is a market condition. Therefore, compensation cost of the TSR condition is fixed at the measurement date and is not revised based on actual performance. The TSR metric was valued as a multiplier of possible levels of currency-neutral comparable operating margin expansion. Compensation cost related to currency-neutral comparable operating margin performance is revised for changes in the expected outcome. The 2017 target grant currently corresponds to approximately 189,000 shares, with a grant-date fair value of $67 per share. Based on the market price of the Company’s common stock at April 1, 2017 , the maximum future value that could be awarded to employees on the vesting date for all outstanding performance share awards was as follows: (millions) April 1, 2017 2015 Award $ 23 2016 Award $ 26 2017 Award $ 27 The 2014 performance share award, payable in stock, was settled at 35% of target in February 2017 for a total dollar equivalent of $5 million . Other stock-based awards During the quarter ended April 1, 2017 , the Company granted restricted stock units and a nominal number of restricted stock awards to eligible employees as presented in the following table. Terms of these grants and the Company’s method of determining grant-date fair value were consistent with that described within the stock compensation footnote in the Company’s 2016 Annual Report on Form 10-K. Quarter ended April 1, 2017 : Employee restricted stock and restricted stock units Shares (thousands) Weighted-average grant-date fair value Non-vested, beginning of year 1,166 $ 63 Granted 629 67 Vested (25 ) 55 Forfeited (22 ) 64 Non-vested, end of period 1,748 $ 65 Quarter ended April 2, 2016 : Employee restricted stock and restricted stock units Shares (thousands) Weighted-average grant-date fair value Non-vested, beginning of year 806 $ 58 Granted 547 70 Vested (47 ) 55 Forfeited (15 ) 56 Non-vested, end of period 1,291 $ 63

Employee Benefits

Employee Benefits	3 Months Ended
	Apr. 01, 2017
Compensation and Retirement Disclosure [Abstract]
Employee Benefits	Employee benefits The Company sponsors a number of U.S. and foreign pension plans as well as other nonpension postretirement and postemployment plans to provide various benefits for its employees. These plans are described within the footnotes to the Consolidated Financial Statements included in the Company’s 2016 Annual Report on Form 10-K. Components of Company plan benefit expense for the periods presented are included in the tables below. Pension Quarter ended (millions) April 1, 2017 April 2, 2016 Service cost $ 25 $ 24 Interest cost 41 44 Expected return on plan assets (90 ) (89 ) Amortization of unrecognized prior service cost 2 3 Recognized net loss 3 — Curtailment loss 1 — Total pension (income) expense $ (18 ) $ (18 ) Other nonpension postretirement Quarter ended (millions) April 1, 2017 April 2, 2016 Service cost $ 5 $ 5 Interest cost 9 10 Expected return on plan assets (24 ) (22 ) Amortization of unrecognized prior service cost (credit) (2 ) (3 ) Recognized net (gain) loss (29 ) — Curtailment loss 3 — Total postretirement benefit (income) expense $ (38 ) $ (10 ) Postemployment Quarter ended (millions) April 1, 2017 April 2, 2016 Service cost $ 1 $ 2 Interest cost 1 1 Recognized net loss 1 1 Total postemployment benefit expense $ 3 $ 4 During the quarter ended April 1, 2017 , the Company recognized curtailment losses of $1 million and $3 million within pension and nonpension postretirement plans, respectively, in conjunction with Project K restructuring activity. In addition, the Company remeasured the benefit obligation for impacted pension and nonpension postretirement plans. The remeasurement resulted in a mark-to-market loss of $3 million on a pension plan due primarily to a lower discount rate and a $29 million gain on a nonpension postretirement plan primarily due to plan asset investment returns slightly mitigated by the impact of a lower discount rate. Company contributions to employee benefit plans are summarized as follows: (millions) Pension Nonpension postretirement Total Quarter ended: April 1, 2017 $ 21 $ 3 $ 24 April 2, 2016 $ 13 $ 4 $ 17 Full year: Fiscal year 2017 (projected) $ 26 $ 16 $ 42 Fiscal year 2016 (actual) $ 18 $ 15 $ 33 Plan funding strategies may be modified in response to management’s evaluation of tax deductibility, market conditions, and competing investment alternatives. Additionally, during the quarter ended April 1, 2017 , the Company recognized expense totaling $26 million related to the exit of several multi-employer plans associated with Project K restructuring activity. This amount represents management's best estimate, actual results could differ. The cash obligation is payable over a maximum 20 -year period; management has not determined the actual period over which the payments will be made.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 01, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income taxes The consolidated effective tax rate for the quarter ended April 1, 2017 was 14% as compared to the prior year’s rate of 21% . For the quarter ended April 1, 2017 , the effective tax rate benefited from a deferred tax benefit of $38 million resulting from an intercompany transfer of intellectual property under the application of the newly adopted standard. See discussion regarding the adoption of ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory, in Note 1. The effective tax rate for 2016 benefited from excess tax benefits from share-based compensation, the completion of certain tax examinations partially offset by the establishment of a valuation allowance for certain deferred tax assets. As of April 1, 2017 , the Company classified $11 million of unrecognized tax benefits as a net current liability. Management’s estimate of reasonably possible changes in unrecognized tax benefits during the next twelve months consists of the current liability balance expected to be settled within one year, offset by approximately $6 million of projected additions related primarily to ongoing intercompany transfer pricing activity. Management is currently unaware of any issues under review that could result in significant additional payments, accruals or other material deviation in this estimate. Following is a reconciliation of the Company’s total gross unrecognized tax benefits for the quarter ended April 1, 2017 ; $40 million of this total represents the amount that, if recognized, would affect the Company’s effective income tax rate in future periods. (millions) December 31, 2016 $ 63 Tax positions related to current year: Additions 1 Reductions — Tax positions related to prior years: Additions 1 Reductions (5 ) Settlements — Lapse in statute of limitations — April 1, 2017 $ 60 The accrual balance for tax-related interest was $20 million at April 1, 2017 .

Derivative Instruments and Fair

Derivative Instruments and Fair Value Measurements	3 Months Ended
	Apr. 01, 2017
Derivative Instruments and Fair Value Measurements [Abstract]
Derivative Instruments and Fair Value Measurements	Derivative instruments and fair value measurements The Company is exposed to certain market risks such as changes in interest rates, foreign currency exchange rates, and commodity prices, which exist as a part of its ongoing business operations. Management uses derivative financial and commodity instruments, including futures, options, and swaps, where appropriate, to manage these risks. Instruments used as hedges must be effective at reducing the risk associated with the exposure being hedged. The Company designates derivatives as cash flow hedges, fair value hedges, net investment hedges, and uses other contracts to reduce volatility in interest rates, foreign currency and commodities. As a matter of policy, the Company does not engage in trading or speculative hedging transactions. Total notional amounts of the Company’s derivative instruments as of April 1, 2017 and December 31, 2016 were as follows: (millions) April 1, December 31, Foreign currency exchange contracts $ 1,385 $ 1,396 Interest rate contracts 2,190 2,185 Commodity contracts 608 437 Total $ 4,183 $ 4,018 Following is a description of each category in the fair value hierarchy and the financial assets and liabilities of the Company that were included in each category at April 1, 2017 and December 31, 2016, measured on a recurring basis. Level 1 – Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market. For the Company, level 1 financial assets and liabilities consist primarily of commodity derivative contracts. Level 2 – Financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. For the Company, level 2 financial assets and liabilities consist of interest rate swaps and over-the-counter commodity and currency contracts. The Company’s calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve. Over-the-counter commodity derivatives are valued using an income approach based on the commodity index prices less the contract rate multiplied by the notional amount. Foreign currency contracts are valued using an income approach based on forward rates less the contract rate multiplied by the notional amount. The Company’s calculation of the fair value of level 2 financial assets and liabilities takes into consideration the risk of nonperformance, including counterparty credit risk. Level 3 – Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the asset or liability. The Company did not have any level 3 financial assets or liabilities as of April 1, 2017 or December 31, 2016. The following table presents assets and liabilities that were measured at fair value in the Consolidated Balance Sheet on a recurring basis as of April 1, 2017 and December 31, 2016: Derivatives designated as hedging instruments April 1, 2017 December 31, 2016 (millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Foreign currency exchange contracts: Other prepaid assets $ — $ — $ — $ — $ 2 $ 2 Interest rate contracts: Other assets (a) — — — — 1 1 Total assets $ — $ — $ — $ — $ 3 $ 3 Liabilities: Interest rate contracts: Other liabilities (a) — (68 ) (68 ) — (65 ) (65 ) Total liabilities $ — $ (68 ) $ (68 ) $ — $ (65 ) $ (65 ) (a) The fair value of the related hedged portion of the Company's long-term debt, a level 2 liability, was $2.3 billion and $2.2 billion as of April 1, 2017 and December 31, 2016, respectively. Derivatives not designated as hedging instruments April 1, 2017 December 31, 2016 (millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Foreign currency exchange contracts: Other prepaid assets $ — $ 11 $ 11 $ — $ 25 $ 25 Commodity contracts: Other prepaid assets 3 — 3 13 — 13 Total assets $ 3 $ 11 $ 14 $ 13 $ 25 $ 38 Liabilities: Foreign currency exchange contracts: Other current liabilities $ — $ (8 ) $ (8 ) $ — $ (11 ) $ (11 ) Commodity contracts: Other current liabilities (17 ) — (17 ) $ (7 ) $ — $ (7 ) Total liabilities $ (17 ) $ (8 ) $ (25 ) $ (7 ) $ (11 ) $ (18 ) The Company has designated a portion of its outstanding foreign currency denominated long-term debt as a net investment hedge of a portion of the Company’s investment in its subsidiaries’ foreign currency denominated net assets. The carrying value of this debt was approximately $1.8 billion as of April 1, 2017 and December 31, 2016, respectively. The Company has elected not to offset the fair values of derivative assets and liabilities executed with the same counterparty that are generally subject to enforceable netting agreements. However, if the Company were to offset and record the asset and liability balances of derivatives on a net basis, the amounts presented in the Consolidated Balance Sheet as of April 1, 2017 and December 31, 2016 would be adjusted as detailed in the following table: As of April 1, 2017: Gross Amounts Not Offset in the Consolidated Balance Sheet Amounts Presented in the Consolidated Balance Sheet Financial Instruments Cash Collateral Received/ Posted Net Amount Total asset derivatives $ 14 $ (12 ) $ — $ 2 Total liability derivatives $ (93 ) $ 12 $ 59 $ (22 ) As of December 31, 2016: Gross Amounts Not Offset in the Consolidated Balance Sheet Amounts Presented in the Consolidated Balance Sheet Financial Instruments Cash Collateral Received/ Posted Net Amount Total asset derivatives $ 41 $ (24 ) $ — $ 17 Total liability derivatives $ (83 ) $ 24 $ 48 $ (11 ) The effect of derivative instruments on the Consolidated Statements of Income and Comprehensive Income for the quarters ended April 1, 2017 and April 2, 2016 was as follows: Derivatives in fair value hedging relationships (millions) Location of gain (loss) recognized in income Gain (loss) recognized in income (a) April 1, April 2, Interest rate contracts Interest expense $ 5 $ 6 Total $ 5 $ 6 (a) Includes the ineffective portion and amount excluded from effectiveness testing. Derivatives in cash flow hedging relationships (millions) Gain (loss) recognized in AOCI Location of gain (loss) reclassified from AOCI Gain (loss) reclassified from AOCI into income Location of gain (loss) recognized in income (a) Gain (loss) recognized in income (a) April 1, April 2, April 1, April 2, April 1, April 2, Foreign currency exchange contracts $ — $ 10 COGS $ 1 $ 7 Other income (expense), net $ — $ — Interest rate contracts — (66 ) Interest expense (2 ) (6 ) N/A — — Commodity contracts — (1 ) COGS — (3 ) Other income (expense), net — — Total $ — $ (57 ) $ (1 ) $ (2 ) $ — $ — (a) Includes the ineffective portion and amount excluded from effectiveness testing. Derivatives and non-derivatives in net investment hedging relationships (millions) Gain (loss) recognized in AOCI April 1, April 2, Foreign currency denominated long-term debt $ (25 ) $ (58 ) Foreign currency exchange contracts — (22 ) Total $ (25 ) $ (80 ) Derivatives not designated as hedging instruments (millions) Location of gain (loss) recognized in income Gain (loss) recognized in income April 1, April 2, Foreign currency exchange contracts COGS $ (9 ) $ (9 ) Foreign currency exchange contracts Other income (expense), net (5 ) 11 Commodity contracts COGS (13 ) 4 Commodity contracts SG&A 1 — Total $ (26 ) $ 6 During the next 12 months, the Company expects $7 million of net deferred losses reported in AOCI at April 1, 2017 to be reclassified to income, assuming market rates remain constant through contract maturities. Certain of the Company’s derivative instruments contain provisions requiring the Company to post collateral on those derivative instruments that are in a liability position if the Company’s credit rating is at or below BB+ (S&P), or Baa1 (Moody’s). The fair value of all derivative instruments with credit-risk-related contingent features in a liability position on April 1, 2017 was $67 million . If the credit-risk-related contingent features were triggered as of April 1, 2017 , the Company would be required to post collateral of $43 million . In addition, certain derivative instruments contain provisions that would be triggered in the event the Company defaults on its debt agreements. There were no collateral posting as of April 1, 2017 triggered by credit-risk-related contingent features. Financial instruments The carrying values of the Company’s short-term items, including cash, cash equivalents, accounts receivable, accounts payable, notes payable and current maturities of long-term debt approximate fair value. The fair value of the Company’s long-term debt, which are level 2 liabilities, is calculated based on broker quotes. The fair value and carrying value of the Company's long-term debt was $6,961 million and $7,347 million , respectively, as of April 1, 2017 . Counterparty credit risk concentration and collateral requirements The Company is exposed to credit loss in the event of nonperformance by counterparties on derivative financial and commodity contracts. Management believes a concentration of credit risk with respect to derivative counterparties is limited due to the credit ratings and use of master netting and reciprocal collateralization agreements with the counterparties and the use of exchange-traded commodity contracts. Master netting agreements apply in situations where the Company executes multiple contracts with the same counterparty. Certain counterparties represent a concentration of credit risk to the Company. If those counterparties fail to perform according to the terms of derivative contracts, this would result in a loss to the Company. As of April 1, 2017 , the Company was not in a significant net asset position with any counterparties with which a master netting agreement would apply. For certain derivative contracts, reciprocal collateralization agreements with counterparties call for the posting of collateral in the form of cash, treasury securities or letters of credit if a fair value loss position to the Company or its counterparties exceeds a certain amount. In addition, the Company is required to maintain cash margin accounts in connection with its open positions for exchange-traded commodity derivative instruments executed with the counterparty that are subject to enforceable netting agreements. As of April 1, 2017 , the Company posted $24 million related to reciprocal collateralization agreements. As of April 1, 2017 the Company posted $35 million in margin deposits for exchange-traded commodity derivative instruments, which was reflected as an increase in accounts receivable, net on the Consolidated Balance Sheet. Management believes concentrations of credit risk with respect to accounts receivable is limited due to the generally high credit quality of the Company’s major customers, as well as the large number and geographic dispersion of smaller customers. However, the Company conducts a disproportionate amount of business with a small number of large multinational grocery retailers, with the five largest accounts encompassing approximately 27% of consolidated trade receivables at April 1, 2017 .

Reportable Segments

Reportable Segments	3 Months Ended
	Apr. 01, 2017
Segment Reporting [Abstract]
Reportable Segments	Reportable segments Kellogg Company is the world’s leading producer of cereal, second largest producer of cookies and crackers, and a leading producer of savory snacks and frozen foods. Additional product offerings include toaster pastries, cereal bars, fruit-flavored snacks and veggie foods. Kellogg products are manufactured and marketed globally. Principal markets for these products include the United States and United Kingdom. The Company manages its operations through nine operating segments that are based on product category or geographic location. These operating segments are evaluated for similarity with regards to economic characteristics, products, production processes, types or classes of customers, distribution methods and regulatory environments to determine if they can be aggregated into reportable segments. The reportable segments are discussed in greater detail below. The U.S. Morning Foods operating segment includes cereal, toaster pastries, and health and wellness beverages and bars. U.S. Snacks includes cookies, crackers, cereal bars, savory snacks and fruit-flavored snacks. U.S. Specialty primarily represents food away from home channels, including food service, convenience, vending, Girl Scouts and food manufacturing. The food service business is mostly non-commercial, serving institutions such as schools and hospitals. The convenience business includes traditional convenience stores as well as alternate retail outlets. North America Other includes the U.S. Frozen, Kashi and Canada operating segments. As these operating segments are not considered economically similar enough to aggregate with other operating segments and are immaterial for separate disclosure, they have been grouped together as a single reportable segment. The three remaining reportable segments are based on geographic location – Europe which consists principally of European countries; Latin America which consists of Central and South America and includes Mexico; and Asia Pacific which consists of Sub-Saharan Africa, Australia and other Asian and Pacific markets. The measurement of reportable segment results is based on segment operating profit which is generally consistent with the presentation of operating profit in the Consolidated Statement of Income. Intercompany transactions between operating segments were insignificant in all periods presented. Quarter ended (millions) April 1, April 2, Net sales U.S. Morning Foods $ 719 $ 767 U.S. Snacks 781 832 U.S. Specialty 395 376 North America Other 393 414 Europe 512 598 Latin America 222 192 Asia Pacific 232 216 Consolidated $ 3,254 $ 3,395 Operating profit U.S. Morning Foods $ 160 $ 148 U.S. Snacks (44 ) 83 U.S. Specialty 96 86 North America Other 49 45 Europe 66 70 Latin America 33 23 Asia Pacific 22 17 Total Reportable Segments 382 472 Corporate (a) (22 ) (34 ) Consolidated $ 360 $ 438 (a) Includes mark-to-market adjustments for pension and postretirement plans, commodity and foreign currency contracts totaling ($21) million and ($24) million for the quarters ended April 1, 2017 and April 2, 2016 , respectively.

Accounting Policies (Policies)

Accounting Policies (Policies)	3 Months Ended
	Apr. 01, 2017
Accounting Policies [Abstract]
Basis of presentation	The unaudited interim financial information of Kellogg Company (the Company) included in this report reflects all adjustments, all of which are of a normal and recurring nature, that management believes are necessary for a fair statement of the results of operations, comprehensive income, financial position, equity and cash flows for the periods presented. This interim information should be read in conjunction with the financial statements and accompanying footnotes within the Company’s 2016 Annual Report on Form 10-K. The condensed balance sheet information at December 31, 2016 was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States. The results of operations for the quarterly period ended April 1, 2017 are not necessarily indicative of the results to be expected for other interim periods or the full year.
Accounts payable	The Company has agreements with certain third parties to provide accounts payable tracking systems which facilitates participating suppliers’ ability to monitor and, if elected, sell payment obligations from the Company to designated third-party financial institutions. Participating suppliers may, at their sole discretion, make offers to sell one or more payment obligations of the Company prior to their scheduled due dates at a discounted price to participating financial institutions. The Company’s goal in entering into these agreements is to capture overall supplier savings, in the form of payment terms or vendor funding, created by facilitating suppliers’ ability to sell payment obligations, while providing them with greater working capital flexibility. We have no economic interest in the sale of these suppliers’ receivables and no direct financial relationship with the financial institutions concerning these services. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by suppliers’ decisions to sell amounts under these arrangements. However, the Company’s right to offset balances due from suppliers against payment obligations is restricted by this agreement for those payment obligations that have been sold by suppliers.
New accounting standards	Income Taxes. In October 2016, the FASB, as part of their simplification initiative, issued an ASU to improve the accounting for income tax consequences of intra-entity transfers of assets other than inventory. Current Generally Accepted Accounting Principles (GAAP) prohibit recognition of current and deferred income taxes for intra-entity asset transfers until the asset has been sold to an outside party, which is an exception to the principle of comprehensive recognition of current and deferred income taxes in GAAP. The amendments in the ASU eliminate the exception, such that entities should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted, as of the beginning of an annual reporting period for which financial statements have not been issued or made available for issuance. That is, early adoption should be the first interim period if an entity issues interim financial statements. The amendments in this ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the period of adoption. The Company early adopted the ASU in the first quarter of 2017. As a result of an intercompany transfer of intellectual property , the Company recorded a $38 million reduction in income tax expense in the quarter ended April 1, 2017 . Upon adoption, there was no cumulative effect adjustment to retained earnings.
Accounting standards to be adopted in future periods	Improving the Presentation of net Periodic Pension Cost and net Periodic Postretirement Benefit Cost. In March 2017, the FASB issued an ASU to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The ASU requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted, as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. That is, early adoption should be the first interim period if an entity issues interim financial statements. The amendments in this ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets. The Company will adopt the ASU in the first quarter of 2018. See further discussion in Accounting policies to be adopted in future periods section of MD&A. Simplifying the test for goodwill impairment. In January 2017, the FASB issued an ASU to simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit's goodwill with the carrying amount of that goodwill. The ASU is effective for an entity's annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The amendments in this ASU should be applied on a prospective basis. The Company is currently assessing the impact and timing of adoption of this ASU. Statement of Cash Flows. In August 2016, the FASB issued an ASU to provide cash flow statement classification guidance for certain cash receipts and payments including (a) debt prepayment or extinguishment costs; (b) contingent consideration payments made after a business combination; (c) insurance settlement proceeds; (d) distributions from equity method investees; (e) beneficial interests in securitization transactions and (f) application of the predominance principle for cash receipts and payments with aspects of more than one class of cash flows. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period, in which case adjustments should be reflected as of the beginning of the fiscal year that includes the interim period. The amendments in this ASU should be applied retrospectively. The Company will adopt the new ASU in the first quarter of 2018. The Company doesn't expect material impacts to the financial statements upon adoption, activities impacted by adoption of this ASU will continue to be monitored throughout its 2017 fiscal year. Leases. In February 2016, the FASB issued an ASU which will require the recognition of lease assets and lease liabilities by lessees for all leases with terms greater than 12 months. The distinction between finance leases and operating leases will remain, with similar classification criteria as current GAAP to distinguish between capital and operating leases. The principal difference from current guidance is that the lease assets and lease liabilities arising from operating leases will be recognized on the Consolidated Balance Sheet. Lessor accounting remains substantially similar to current GAAP. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Company will adopt the ASU in the first quarter of 2019, and is currently evaluating the impact that implementing this ASU will have on its financial statements. Recognition and measurement of financial assets and liabilities. In January 2016, the FASB issued an ASU which primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Early adoption can be elected for all financial statements of fiscal years and interim periods that have not yet been issued or that have not yet been made available for issuance. Entities should apply the update by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The Company will adopt the updated standard in the first quarter of 2018. The Company does not expect the adoption of this ASU to have a significant impact on its financial statements. Revenue from contracts with customers. In May 2014, the FASB issued an ASU, as amended, which provides guidance for accounting for revenue from contracts with customers. The core principle of this ASU is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration the entity expects to be entitled to in exchange for those goods or services. To achieve that core principle, an entity would be required to apply the following five steps: 1) identify the contract(s) with a customer; 2) identify the performance obligations in the contract; 3) determine the transaction price; 4) allocate the transaction price to the performance obligations in the contract and 5) recognize revenue when (or as) the entity satisfies a performance obligation. When the ASU was originally issued it was effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption was not permitted. On July 9, 2015, the FASB decided to delay the effective date of the new revenue standard by one year. The updated standard will be effective for fiscal years, and interim periods within those years, beginning after December 15, 2017. Entities will be permitted to adopt the new revenue standard early, but not before the original effective date. Entities will have the option to apply the final standard retrospectively or use a modified retrospective method, recognizing the cumulative effect of the ASU in retained earnings at the date of initial application. An entity will not restate prior periods if it uses the modified retrospective method, but will be required to disclose the amount by which each financial statement line item is affected in the current reporting period by the application of the ASU as compared to the guidance in effect prior to the change, as well as reasons for significant changes. The Company will adopt the updated standard in the first quarter of 2018, using a modified retrospective transition method, and the adoption is not expected to have a significant impact on its historical financial statements.

Goodwill and Other Intangible20

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Apr. 01, 2017
Acquisitions, Goodwill and Other Intangible Assets [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	(millions) December 1, 2016 Current assets $ 44 Property 72 Goodwill 145 Intangible assets 179 Current liabilities (48 ) Non-current deferred tax liability and other (13 ) $ 379
Carrying Amount of Goodwill	(millions) U.S. Morning Foods U.S. Snacks U.S. Specialty North America Other Europe Latin America Asia Pacific Consoli- dated December 31, 2016 $ 131 $ 3,568 $ 82 $ 457 $ 376 $ 328 $ 224 $ 5,166 Purchase price allocation adjustment — — — — — (102 ) — (102 ) Currency translation adjustment — — — 1 7 9 3 20 April 1, 2017 $ 131 $ 3,568 $ 82 $ 458 $ 383 $ 235 $ 227 $ 5,084
Intangible Assets Subject to Amortization	Gross carrying amount (millions) U.S. Morning Foods U.S. Snacks U.S. Specialty North America Other Europe Latin America Asia Pacific Consoli- dated December 31, 2016 $ 8 $ 42 $ — $ 5 $ 40 $ 36 $ 10 $ 141 Purchase price allocation adjustment — — — — — 57 — 57 Currency translation adjustment — — — — 1 4 — 5 April 1, 2017 $ 8 $ 42 $ — $ 5 $ 41 $ 97 $ 10 $ 203 Accumulated Amortization December 31, 2016 $ 8 $ 19 $ — $ 4 $ 14 $ 6 $ 3 $ 54 Amortization — 1 — — 1 — — 2 April 1, 2017 $ 8 $ 20 $ — $ 4 $ 15 $ 6 $ 3 $ 56 Intangible assets subject to amortization, net December 31, 2016 $ — $ 23 $ — $ 1 $ 26 $ 30 $ 7 $ 87 Purchase price allocation adjustment — — — — — 57 — 57 Currency translation adjustment — — — — 1 4 — 5 Amortization — (1 ) — — (1 ) — — (2 ) April 1, 2017 $ — $ 22 $ — $ 1 $ 26 $ 91 $ 7 $ 147
Intangible Assets Not Subject to Amortization	(millions) U.S. Morning Foods U.S. Snacks U.S. Specialty North America Other Europe Latin America Asia Pacific Consoli- dated December 31, 2016 $ — $ 1,625 $ — $ 176 $ 383 $ 98 $ — $ 2,282 Purchase price allocation adjustment — — — — — 4 — 4 Currency translation adjustment — — — — 5 4 — 9 April 1, 2017 $ — $ 1,625 $ — $ 176 $ 388 $ 106 $ — $ 2,295

Restructuring and Cost Reduct21

Restructuring and Cost Reduction Activities (Tables)	3 Months Ended
	Apr. 01, 2017
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Cost Reduction Activities	Quarter ended Program costs to date (millions) April 1, 2017 April 2, 2016 April 1, 2017 Employee related costs $ 111 $ 14 $ 479 Asset related costs 10 10 202 Asset impairment — — 155 Other costs 21 28 460 Total $ 142 $ 52 $ 1,296 Quarter ended Program costs to date (millions) April 1, 2017 April 2, 2016 April 1, 2017 U.S. Morning Foods $ 1 $ 5 $ 242 U.S. Snacks 120 20 322 U.S. Specialty — 2 19 North America Other 7 9 135 Europe 6 14 305 Latin America 1 — 25 Asia Pacific 1 — 82 Corporate 6 2 166 Total $ 142 $ 52 $ 1,296
Schedule of Exit Cost Reserves	Employee Related Costs Asset Impairment Asset Related Costs Other Costs Total Liability as of December 31, 2016 $ 102 $ — $ — $ 29 $ 131 2017 restructuring charges 111 — 10 21 142 Cash payments (16 ) — — (39 ) (55 ) Non-cash charges and other (4 ) — (10 ) — (14 ) Liability as of April 1, 2017 $ 193 $ — $ — $ 11 $ 204

Equity (Tables)

Equity (Tables)	3 Months Ended
	Apr. 01, 2017
Equity [Abstract]
Schedule of Earnings Per Share	(millions, except per share data) Net income Average shares outstanding Earnings per share 2017 Basic $ 262 351 $ 0.75 Dilutive potential common shares 3 (0.01 ) Diluted $ 262 354 $ 0.74 2016 Basic $ 175 351 $ 0.50 Dilutive potential common shares 4 (0.01 ) Diluted $ 175 355 $ 0.49
Reclassifications Out of AOCI	(millions) Details about AOCI components Amount reclassified from AOCI Line item impacted within Income Statement Quarter ended April 1, 2017 Quarter ended April 2, 2016 (Gains) losses on cash flow hedges: Foreign currency exchange contracts $ (1 ) $ (7 ) COGS Foreign currency exchange contracts — — SG&A Interest rate contracts 2 6 Interest expense Commodity contracts — 3 COGS $ 1 $ 2 Total before tax — (1 ) Tax expense (benefit) $ 1 $ 1 Net of tax Amortization of postretirement and postemployment benefits: Net experience loss $ 1 $ 1 See Note 8 for further details Prior service cost — — See Note 8 for further details $ 1 $ 1 Total before tax — — Tax expense (benefit) $ 1 $ 1 Net of tax Total reclassifications $ 2 $ 2 Net of tax
Summary of Accumulated Other Comprehensive Income (Loss)	(millions) April 1, December 31, 2016 Foreign currency translation adjustments $ (1,420 ) $ (1,505 ) Cash flow hedges — unrealized net gain (loss) (66 ) (67 ) Postretirement and postemployment benefits: Net experience loss (13 ) (14 ) Prior service cost 11 11 Total accumulated other comprehensive income (loss) $ (1,488 ) $ (1,575 )

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 01, 2017
Debt Disclosure [Abstract]
Components of Notes Payable	April 1, 2017 December 31, 2016 (millions) Principal amount Effective interest rate (a) Principal amount Effective interest rate (a) U.S. commercial paper $ 242 0.85 % $ 80 0.61 % Europe commercial paper 315 (0.17 )% 306 (0.18 )% Bank borrowings 72 52 Total $ 629 $ 438 (a) Negative effective interest rates on certain borrowings in Europe are the result of efforts by the European Central Bank to stimulate the economy in the eurozone.

Stock Compensation (Tables)

Stock Compensation (Tables)	3 Months Ended
	Apr. 01, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Compensation Expense for Equity-Based Programs and Related Income Tax Benefits	Quarter ended (millions) April 1, 2017 April 2, 2016 Pre-tax compensation expense $ 18 $ 16 Related income tax benefit $ 6 $ 6
Summary of Stock Option Activity	Quarter ended April 1, 2017 : Employee and director stock options Shares (millions) Weighted- average exercise price Weighted- average remaining contractual term (yrs.) Aggregate intrinsic value (millions) Outstanding, beginning of period 15 $ 62 Granted 2 73 Exercised (1 ) 56 Forfeitures and expirations — — Outstanding, end of period 16 $ 64 7.2 $ 147 Exercisable, end of period 11 $ 60 6.3 $ 140 Quarter ended April 2, 2016 : Employee and director stock options Shares (millions) Weighted- average exercise price Weighted- average remaining contractual term (yrs.) Aggregate intrinsic value (millions) Outstanding, beginning of period 19 $ 58 Granted 3 76 Exercised (3 ) 55 Forfeitures and expirations — — Outstanding, end of period 19 $ 61 7.4 $ 306 Exercisable, end of period 12 $ 57 6.4 $ 242
Schedule of Fair Value Assumptions	Weighted- average expected volatility Weighted- average expected term (years) Weighted- average risk-free interest rate Dividend yield Grants within the quarter ended April 1, 2017: 18 % 6.6 2.26 % 2.80 % Grants within the quarter ended April 2, 2016: 17 % 6.9 1.60 % 2.60 %
Maximum Future Value of Performance Shares	(millions) April 1, 2017 2015 Award $ 23 2016 Award $ 26 2017 Award $ 27
Schedule of Restricted Stock Activity	Quarter ended April 1, 2017 : Employee restricted stock and restricted stock units Shares (thousands) Weighted-average grant-date fair value Non-vested, beginning of year 1,166 $ 63 Granted 629 67 Vested (25 ) 55 Forfeited (22 ) 64 Non-vested, end of period 1,748 $ 65 Quarter ended April 2, 2016 : Employee restricted stock and restricted stock units Shares (thousands) Weighted-average grant-date fair value Non-vested, beginning of year 806 $ 58 Granted 547 70 Vested (47 ) 55 Forfeited (15 ) 56 Non-vested, end of period 1,291 $ 63

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Apr. 01, 2017
Compensation and Retirement Disclosure [Abstract]
Components of Plan Benefit Expense	Pension Quarter ended (millions) April 1, 2017 April 2, 2016 Service cost $ 25 $ 24 Interest cost 41 44 Expected return on plan assets (90 ) (89 ) Amortization of unrecognized prior service cost 2 3 Recognized net loss 3 — Curtailment loss 1 — Total pension (income) expense $ (18 ) $ (18 ) Other nonpension postretirement Quarter ended (millions) April 1, 2017 April 2, 2016 Service cost $ 5 $ 5 Interest cost 9 10 Expected return on plan assets (24 ) (22 ) Amortization of unrecognized prior service cost (credit) (2 ) (3 ) Recognized net (gain) loss (29 ) — Curtailment loss 3 — Total postretirement benefit (income) expense $ (38 ) $ (10 ) Postemployment Quarter ended (millions) April 1, 2017 April 2, 2016 Service cost $ 1 $ 2 Interest cost 1 1 Recognized net loss 1 1 Total postemployment benefit expense $ 3 $ 4
Contributions to Employee Benefit Plans	(millions) Pension Nonpension postretirement Total Quarter ended: April 1, 2017 $ 21 $ 3 $ 24 April 2, 2016 $ 13 $ 4 $ 17 Full year: Fiscal year 2017 (projected) $ 26 $ 16 $ 42 Fiscal year 2016 (actual) $ 18 $ 15 $ 33

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Apr. 01, 2017
Income Tax Disclosure [Abstract]
Reconciliation of Total Gross Unrecognized Tax Benefits	(millions) December 31, 2016 $ 63 Tax positions related to current year: Additions 1 Reductions — Tax positions related to prior years: Additions 1 Reductions (5 ) Settlements — Lapse in statute of limitations — April 1, 2017 $ 60

Derivative Instruments and Fa27

Derivative Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Apr. 01, 2017
Derivative Instruments and Fair Value Measurements [Abstract]
Schedule of Total Notional Amounts of Derivative Instruments	(millions) April 1, December 31, Foreign currency exchange contracts $ 1,385 $ 1,396 Interest rate contracts 2,190 2,185 Commodity contracts 608 437 Total $ 4,183 $ 4,018
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Derivatives designated as hedging instruments April 1, 2017 December 31, 2016 (millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Foreign currency exchange contracts: Other prepaid assets $ — $ — $ — $ — $ 2 $ 2 Interest rate contracts: Other assets (a) — — — — 1 1 Total assets $ — $ — $ — $ — $ 3 $ 3 Liabilities: Interest rate contracts: Other liabilities (a) — (68 ) (68 ) — (65 ) (65 ) Total liabilities $ — $ (68 ) $ (68 ) $ — $ (65 ) $ (65 ) (a) The fair value of the related hedged portion of the Company's long-term debt, a level 2 liability, was $2.3 billion and $2.2 billion as of April 1, 2017 and December 31, 2016, respectively. Derivatives not designated as hedging instruments April 1, 2017 December 31, 2016 (millions) Level 1 Level 2 Total Level 1 Level 2 Total Assets: Foreign currency exchange contracts: Other prepaid assets $ — $ 11 $ 11 $ — $ 25 $ 25 Commodity contracts: Other prepaid assets 3 — 3 13 — 13 Total assets $ 3 $ 11 $ 14 $ 13 $ 25 $ 38 Liabilities: Foreign currency exchange contracts: Other current liabilities $ — $ (8 ) $ (8 ) $ — $ (11 ) $ (11 ) Commodity contracts: Other current liabilities (17 ) — (17 ) $ (7 ) $ — $ (7 ) Total liabilities $ (17 ) $ (8 ) $ (25 ) $ (7 ) $ (11 ) $ (18 )
Schedule of Offsetting Assets	As of April 1, 2017: Gross Amounts Not Offset in the Consolidated Balance Sheet Amounts Presented in the Consolidated Balance Sheet Financial Instruments Cash Collateral Received/ Posted Net Amount Total asset derivatives $ 14 $ (12 ) $ — $ 2 Total liability derivatives $ (93 ) $ 12 $ 59 $ (22 ) As of December 31, 2016: Gross Amounts Not Offset in the Consolidated Balance Sheet Amounts Presented in the Consolidated Balance Sheet Financial Instruments Cash Collateral Received/ Posted Net Amount Total asset derivatives $ 41 $ (24 ) $ — $ 17 Total liability derivatives $ (83 ) $ 24 $ 48 $ (11 )
Schedule of Offsetting Liabilities	As of April 1, 2017: Gross Amounts Not Offset in the Consolidated Balance Sheet Amounts Presented in the Consolidated Balance Sheet Financial Instruments Cash Collateral Received/ Posted Net Amount Total asset derivatives $ 14 $ (12 ) $ — $ 2 Total liability derivatives $ (93 ) $ 12 $ 59 $ (22 ) As of December 31, 2016: Gross Amounts Not Offset in the Consolidated Balance Sheet Amounts Presented in the Consolidated Balance Sheet Financial Instruments Cash Collateral Received/ Posted Net Amount Total asset derivatives $ 41 $ (24 ) $ — $ 17 Total liability derivatives $ (83 ) $ 24 $ 48 $ (11 )
Schedule of the Effect of Derivative Instruments on the Consolidated Statements of Income and Comprehensive Income	The effect of derivative instruments on the Consolidated Statements of Income and Comprehensive Income for the quarters ended April 1, 2017 and April 2, 2016 was as follows: Derivatives in fair value hedging relationships (millions) Location of gain (loss) recognized in income Gain (loss) recognized in income (a) April 1, April 2, Interest rate contracts Interest expense $ 5 $ 6 Total $ 5 $ 6 (a) Includes the ineffective portion and amount excluded from effectiveness testing. Derivatives in cash flow hedging relationships (millions) Gain (loss) recognized in AOCI Location of gain (loss) reclassified from AOCI Gain (loss) reclassified from AOCI into income Location of gain (loss) recognized in income (a) Gain (loss) recognized in income (a) April 1, April 2, April 1, April 2, April 1, April 2, Foreign currency exchange contracts $ — $ 10 COGS $ 1 $ 7 Other income (expense), net $ — $ — Interest rate contracts — (66 ) Interest expense (2 ) (6 ) N/A — — Commodity contracts — (1 ) COGS — (3 ) Other income (expense), net — — Total $ — $ (57 ) $ (1 ) $ (2 ) $ — $ — (a) Includes the ineffective portion and amount excluded from effectiveness testing. Derivatives and non-derivatives in net investment hedging relationships (millions) Gain (loss) recognized in AOCI April 1, April 2, Foreign currency denominated long-term debt $ (25 ) $ (58 ) Foreign currency exchange contracts — (22 ) Total $ (25 ) $ (80 ) Derivatives not designated as hedging instruments (millions) Location of gain (loss) recognized in income Gain (loss) recognized in income April 1, April 2, Foreign currency exchange contracts COGS $ (9 ) $ (9 ) Foreign currency exchange contracts Other income (expense), net (5 ) 11 Commodity contracts COGS (13 ) 4 Commodity contracts SG&A 1 — Total $ (26 ) $ 6

Reportable Segments (Tables)

Reportable Segments (Tables)	3 Months Ended
	Apr. 01, 2017
Segment Reporting [Abstract]
Schedule of Reportable Segment Information	Quarter ended (millions) April 1, April 2, Net sales U.S. Morning Foods $ 719 $ 767 U.S. Snacks 781 832 U.S. Specialty 395 376 North America Other 393 414 Europe 512 598 Latin America 222 192 Asia Pacific 232 216 Consolidated $ 3,254 $ 3,395 Operating profit U.S. Morning Foods $ 160 $ 148 U.S. Snacks (44 ) 83 U.S. Specialty 96 86 North America Other 49 45 Europe 66 70 Latin America 33 23 Asia Pacific 22 17 Total Reportable Segments 382 472 Corporate (a) (22 ) (34 ) Consolidated $ 360 $ 438 (a) Includes mark-to-market adjustments for pension and postretirement plans, commodity and foreign currency contracts totaling ($21) million and ($24) million for the quarters ended April 1, 2017 and April 2, 2016 , respectively.

Accounting Policies - Narrative

Accounting Policies - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Obligations placed in accounts payable tracking system	$ 731	$ 677
Obligations sold by participating suppliers	543	$ 507
Reductions Credited To Income Tax Expense	$ 38

Sale of Accounts Receivable - N

Sale of Accounts Receivable - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Apr. 01, 2017	Dec. 31, 2016	Jul. 31, 2016	Apr. 02, 2016
Receivables Sales Agreement | Maximum
Transfer of Financial Assets Accounted for as Sales [Line Items]
Transfers of Accounts Receivable Agreements	$ 700
Receivables Sales Agreement | Sold And Outstanding
Transfer of Financial Assets Accounted for as Sales [Line Items]
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized	611	$ 562
Receivables Sales Agreement | Sold Since Inception
Transfer of Financial Assets Accounted for as Sales [Line Items]
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized	535			$ 53
Kellogg Funding Company Program
Transfer of Financial Assets Accounted for as Sales [Line Items]
Cash Proceeds Received for Assets Derecognized	303	255
Deferred Purchase Price	50	37
Kellogg Funding Company Program | Maximum
Transfer of Financial Assets Accounted for as Sales [Line Items]
Transfers of Accounts Receivable Agreements			$ 600
Kellogg Funding Company Program | Sold And Outstanding
Transfer of Financial Assets Accounted for as Sales [Line Items]
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized	353
Kellogg Funding Company Program | Sold Since Inception
Transfer of Financial Assets Accounted for as Sales [Line Items]
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized	595	292
Kellogg Foreign Subsidiaries Other Program
Transfer of Financial Assets Accounted for as Sales [Line Items]
Transfers of Accounts Receivable Agreements	50	$ 124
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized	$ 55

Goodwill and Other Intangible31

Goodwill and Other Intangible Assets - Narrative (Details) BRL in Millions, $ in Millions	1 Months Ended		3 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2016BRL	Apr. 01, 2017USD ($)	Apr. 02, 2016USD ($)
Business Acquisition [Line Items]
Payments to acquire business, net of cash			$ 0	$ 18
Purchase price allocation adjustment			(102)
Amortization			2	$ 2
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months			8
Ritmo Investimentos
Business Acquisition [Line Items]
Payments to acquire business, net of cash	$ 379
Payments to acquire business, gross	381	BRL 1,380
Escrow Related To Acquisition	$ 67
Deferred tax liabilities and goodwill | Ritmo Investimentos
Business Acquisition [Line Items]
Purchase price allocation adjustment			41
Intangible assets subject to amortization | Ritmo Investimentos
Business Acquisition [Line Items]
Purchase price allocation adjustment			57
Intangible assets not subject to amortization | Ritmo Investimentos
Business Acquisition [Line Items]
Purchase price allocation adjustment			4
Goodwill | Ritmo Investimentos
Business Acquisition [Line Items]
Purchase price allocation adjustment			$ 61

Goodwill and Other Intangible32

Goodwill and Other Intangible Assets Schedule of Acquired Assets and Assumed Liabilities (Details) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016	[1]	Dec. 01, 2016
Business Acquisition [Line Items]
Goodwill	$ 5,084	$ 5,166
Ritmo Investimentos
Business Acquisition [Line Items]
Current Assets				$ 44
Property				72
Goodwill				145
Intangible Assets				179
Current liabilities				(48)
Non-current deferred tax liability and other				(13)
Total acquired assets and assumed liabilities, net				$ 379
[1]	Condensed from audited financial statements.

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets - Carrying Amount of Goodwill (Details) - USD ($) $ in Millions		3 Months Ended
		Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Goodwill [Line Items]
Other intangibles, accumulated amortization		$ 56		$ 54	[1]
Amortization		2	$ 2
Change in carrying amount of goodwill
Beginning Balance	[1]	5,166
Purchase price allocation adjustment		(102)
Currency translation adjustment		20
Ending Balance		5,084
U.S. Morning Foods
Goodwill [Line Items]
Other intangibles, accumulated amortization		8		8
Amortization		0
Change in carrying amount of goodwill
Beginning Balance		131
Purchase price allocation adjustment		0
Currency translation adjustment		0
Ending Balance		131
U.S. Snacks
Goodwill [Line Items]
Other intangibles, accumulated amortization		20		19
Amortization		1
Change in carrying amount of goodwill
Beginning Balance		3,568
Purchase price allocation adjustment		0
Currency translation adjustment		0
Ending Balance		3,568
U.S. Specialty
Goodwill [Line Items]
Other intangibles, accumulated amortization		0		0
Amortization		0
Change in carrying amount of goodwill
Beginning Balance		82
Purchase price allocation adjustment		0
Currency translation adjustment		0
Ending Balance		82
North America Other
Goodwill [Line Items]
Other intangibles, accumulated amortization		4		4
Amortization		0
Change in carrying amount of goodwill
Beginning Balance		457
Purchase price allocation adjustment		0
Currency translation adjustment		1
Ending Balance		458
Europe
Goodwill [Line Items]
Other intangibles, accumulated amortization		15		14
Amortization		1
Change in carrying amount of goodwill
Beginning Balance		376
Purchase price allocation adjustment		0
Currency translation adjustment		7
Ending Balance		383
Latin America
Goodwill [Line Items]
Other intangibles, accumulated amortization		6		6
Amortization		0
Change in carrying amount of goodwill
Beginning Balance		328
Purchase price allocation adjustment		(102)
Currency translation adjustment		9
Ending Balance		235
Asia Pacific
Goodwill [Line Items]
Other intangibles, accumulated amortization		3		$ 3
Amortization		0
Change in carrying amount of goodwill
Beginning Balance		224
Purchase price allocation adjustment		0
Currency translation adjustment		3
Ending Balance		$ 227
[1]	Condensed from audited financial statements.

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets - Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions		3 Months Ended
		Apr. 01, 2017	Apr. 02, 2016
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount, beginning balance		$ 141
Purchase price allocation adjustment		57
Currency translation adjustment		5
Gross carrying amount, ending balance		203
Accumulated amortization, beginning balance	[1]	54
Amortization		2	$ 2
Accumulated amortization, ending balance		56
Intangible assets subject to amortization net, beginning balance		87
Purchase price allocation adjustment		57
Currency translation adjustment		5
Amortization		(2)	$ (2)
Intangible assets subject to amortization net, ending balance		147
U.S. Morning Foods
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount, beginning balance		8
Purchase price allocation adjustment		0
Currency translation adjustment		0
Gross carrying amount, ending balance		8
Accumulated amortization, beginning balance		8
Amortization		0
Accumulated amortization, ending balance		8
Intangible assets subject to amortization net, beginning balance		0
Purchase price allocation adjustment		0
Currency translation adjustment		0
Amortization		0
Intangible assets subject to amortization net, ending balance		0
U.S. Snacks
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount, beginning balance		42
Purchase price allocation adjustment		0
Currency translation adjustment		0
Gross carrying amount, ending balance		42
Accumulated amortization, beginning balance		19
Amortization		1
Accumulated amortization, ending balance		20
Intangible assets subject to amortization net, beginning balance		23
Purchase price allocation adjustment		0
Currency translation adjustment		0
Amortization		(1)
Intangible assets subject to amortization net, ending balance		22
U.S. Specialty
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount, beginning balance		0
Purchase price allocation adjustment		0
Currency translation adjustment		0
Gross carrying amount, ending balance		0
Accumulated amortization, beginning balance		0
Amortization		0
Accumulated amortization, ending balance		0
Intangible assets subject to amortization net, beginning balance		0
Purchase price allocation adjustment		0
Currency translation adjustment		0
Amortization		0
Intangible assets subject to amortization net, ending balance		0
North America Other
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount, beginning balance		5
Purchase price allocation adjustment		0
Currency translation adjustment		0
Gross carrying amount, ending balance		5
Accumulated amortization, beginning balance		4
Amortization		0
Accumulated amortization, ending balance		4
Intangible assets subject to amortization net, beginning balance		1
Purchase price allocation adjustment		0
Currency translation adjustment		0
Amortization		0
Intangible assets subject to amortization net, ending balance		1
Europe
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount, beginning balance		40
Purchase price allocation adjustment		0
Currency translation adjustment		1
Gross carrying amount, ending balance		41
Accumulated amortization, beginning balance		14
Amortization		1
Accumulated amortization, ending balance		15
Intangible assets subject to amortization net, beginning balance		26
Purchase price allocation adjustment		0
Currency translation adjustment		1
Amortization		(1)
Intangible assets subject to amortization net, ending balance		26
Latin America
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount, beginning balance		36
Purchase price allocation adjustment		57
Currency translation adjustment		4
Gross carrying amount, ending balance		97
Accumulated amortization, beginning balance		6
Amortization		0
Accumulated amortization, ending balance		6
Intangible assets subject to amortization net, beginning balance		30
Purchase price allocation adjustment		57
Currency translation adjustment		4
Amortization		0
Intangible assets subject to amortization net, ending balance		91
Asia Pacific
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount, beginning balance		10
Purchase price allocation adjustment		0
Currency translation adjustment		0
Gross carrying amount, ending balance		10
Accumulated amortization, beginning balance		3
Amortization		0
Accumulated amortization, ending balance		3
Intangible assets subject to amortization net, beginning balance		7
Purchase price allocation adjustment		0
Currency translation adjustment		0
Amortization		0
Intangible assets subject to amortization net, ending balance		$ 7
[1]	Condensed from audited financial statements.

Goodwill and Other Intangible35

Goodwill and Other Intangible Assets - Intangible Assets Not Subject to Amortization (Details) $ in Millions	3 Months Ended
	Apr. 01, 2017USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Intangible assets not subject to amortization, beginning balance	$ 2,282
Purchase price allocation adjustment	4
Currency translation adjustment	9
Intangible assets not subject to amortization, ending balance	2,295
U.S. Morning Foods
Indefinite-lived Intangible Assets [Roll Forward]
Intangible assets not subject to amortization, beginning balance	0
Purchase price allocation adjustment	0
Currency translation adjustment	0
Intangible assets not subject to amortization, ending balance	0
U.S. Snacks
Indefinite-lived Intangible Assets [Roll Forward]
Intangible assets not subject to amortization, beginning balance	1,625
Purchase price allocation adjustment	0
Currency translation adjustment	0
Intangible assets not subject to amortization, ending balance	1,625
U.S. Specialty
Indefinite-lived Intangible Assets [Roll Forward]
Intangible assets not subject to amortization, beginning balance	0
Purchase price allocation adjustment	0
Currency translation adjustment	0
Intangible assets not subject to amortization, ending balance	0
North America Other
Indefinite-lived Intangible Assets [Roll Forward]
Intangible assets not subject to amortization, beginning balance	176
Purchase price allocation adjustment	0
Currency translation adjustment	0
Intangible assets not subject to amortization, ending balance	176
Europe
Indefinite-lived Intangible Assets [Roll Forward]
Intangible assets not subject to amortization, beginning balance	383
Purchase price allocation adjustment	0
Currency translation adjustment	5
Intangible assets not subject to amortization, ending balance	388
Latin America
Indefinite-lived Intangible Assets [Roll Forward]
Intangible assets not subject to amortization, beginning balance	98
Purchase price allocation adjustment	4
Currency translation adjustment	4
Intangible assets not subject to amortization, ending balance	106
Asia Pacific
Indefinite-lived Intangible Assets [Roll Forward]
Intangible assets not subject to amortization, beginning balance	0
Purchase price allocation adjustment	0
Currency translation adjustment	0
Intangible assets not subject to amortization, ending balance	$ 0

Restructuring and Cost Reduct36

Restructuring and Cost Reduction Activities - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring plan, number of years	5 years
Restructuring and related costs since inception of program	$ 1,296
Restructuring charges	142	$ 52
Exit cost reserves	204		$ 131
Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
Restructuring charges	15	18
Selling General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	127	34
Employee related costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	479
Restructuring charges	111	14
Exit cost reserves	193		102
Asset related costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	202
Restructuring charges	10	10
Exit cost reserves	0		0
Asset impairment
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	155
Restructuring charges	0	0
Exit cost reserves	0		0
Other costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	460
Restructuring charges	21	28
Exit cost reserves	11		$ 29
Project K
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	1,258
Project K | Revenue
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	6
Project K | Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	705
Project K | Selling General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	547
Project K | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected cost	1,500
Project K | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected cost	1,600
Estimated after-tax cash costs for program, including incremental capital investments	$ 1,100
Project K | U.S. Morning Foods
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost allocation	13.00%
Project K | U.S. Snacks
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost allocation	35.00%
Project K | U.S. Specialty
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost allocation	1.00%
Project K | North America Other
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost allocation	11.00%
Project K | Europe
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost allocation	21.00%
Project K | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost allocation	1.00%
Project K | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost allocation	6.00%
Project K | Employee related costs | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected cost	$ 500
Project K | Asset related costs | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected cost	500
Project K | Other costs | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs, expected cost	600
Zero Based Budgeting
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	38
Restructuring Charges	1	7
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring and related costs since inception of program	166
Restructuring charges	$ 6	$ 2
Corporate | Project K
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost allocation	12.00%

Restructuring and Cost Reduct37

Restructuring and Cost Reduction Activities - Schedule of Restructuring and Cost Reduction Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 142	$ 52
Program costs to date	1,296
Employee related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	111	14
Program costs to date	479
Asset impairment
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	0
Program costs to date	155
Asset related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	10	10
Program costs to date	202
Other costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	21	28
Program costs to date	460
Operating Segments | U.S. Morning Foods
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1	5
Program costs to date	242
Operating Segments | U.S. Snacks
Restructuring Cost and Reserve [Line Items]
Restructuring charges	120	20
Program costs to date	322
Operating Segments | U.S. Specialty
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	2
Program costs to date	19
Operating Segments | North America Other
Restructuring Cost and Reserve [Line Items]
Restructuring charges	7	9
Program costs to date	135
Operating Segments | Europe
Restructuring Cost and Reserve [Line Items]
Restructuring charges	6	14
Program costs to date	305
Operating Segments | Latin America
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1	0
Program costs to date	25
Operating Segments | Asia Pacific
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1	0
Program costs to date	82
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges	6	$ 2
Program costs to date	$ 166

Restructuring and Cost Reduct38

Restructuring and Cost Reduction Activities - Restructuring and Cost Reduction Reserves Rollforward (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Restructuring Reserve [Roll Forward]
Liability, beginning balance	$ 131
Restructuring charges	142	$ 52
Cash payments	(55)
Non-cash charges and other	(14)
Liability, ending balance	204
Employee related costs
Restructuring Reserve [Roll Forward]
Liability, beginning balance	102
Restructuring charges	111	14
Cash payments	(16)
Non-cash charges and other	(4)
Liability, ending balance	193
Asset impairment
Restructuring Reserve [Roll Forward]
Liability, beginning balance	0
Restructuring charges	0	0
Cash payments	0
Non-cash charges and other	0
Liability, ending balance	0
Asset related costs
Restructuring Reserve [Roll Forward]
Liability, beginning balance	0
Restructuring charges	10	10
Cash payments	0
Non-cash charges and other	(10)
Liability, ending balance	0
Other costs
Restructuring Reserve [Roll Forward]
Liability, beginning balance	29
Restructuring charges	21	$ 28
Cash payments	(39)
Non-cash charges and other	0
Liability, ending balance	$ 11

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		12 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016	Dec. 31, 2015
Equity, Class of Treasury Stock [Line Items]
Anti-dilutive potential common shares excluded from reconciliation	4	2
Common stock repurchased (in shares)	2	3
Common stock repurchased	$ 125	$ 210	$ 426
Treasury stock
Equity, Class of Treasury Stock [Line Items]
Common stock repurchased (in shares)	2		6
Common stock repurchased	$ 125		$ 426
December 2015 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount				$ 1,500
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 949

Equity - Schedule of Earnings P

Equity - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Equity [Abstract]
Net Income, Basic	$ 262	$ 175
Average shares outstanding, Basic (in shares)	351	351
Earnings per share, Basic (in dollars per share)	$ 0.75	$ 0.50
Average shares outstanding, Dilutive potential common shares (in shares)	3	4
Earnings per share, Dilutive potential common shares (in dollars per share)	$ (0.01)	$ (0.01)
Net Income, Diluted	$ 262	$ 175
Average shares outstanding, Diluted (in shares)	354	355
Earnings per share, Diluted (in dollars per share)	$ 0.74	$ 0.49

Equity - Reclassifications Out

Equity - Reclassifications Out of AOCI (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
COGS	$ 2,050	$ 2,150
SGA	(844)	(807)
Interest expense	61	217
Net experience loss	(1)	(1)
Total before tax	302	221
Tax expense (benefit)	(42)	(47)
Net income	262	175	$ 695
Reclassification out of Accumulated Other Comprehensive Income
Derivative Instruments, Gain (Loss) [Line Items]
Net income	2	2
Reclassification out of Accumulated Other Comprehensive Income | (Gains) losses on cash flow hedges
Derivative Instruments, Gain (Loss) [Line Items]
Total before tax	1	2
Tax expense (benefit)	0	(1)
Net income	1	1
Reclassification out of Accumulated Other Comprehensive Income | (Gains) losses on cash flow hedges | Foreign currency exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
COGS	(1)	(7)
SGA	0	0
Reclassification out of Accumulated Other Comprehensive Income | (Gains) losses on cash flow hedges | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense	2	6
Reclassification out of Accumulated Other Comprehensive Income | (Gains) losses on cash flow hedges | Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
COGS	0	3
Reclassification out of Accumulated Other Comprehensive Income | Amortization of postretirement and postemployment benefits
Derivative Instruments, Gain (Loss) [Line Items]
Net experience loss	1	1
Prior service cost	0	0
Total before tax	1	1
Tax expense (benefit)	0	0
Net income	$ 1	$ 1

Equity - Summary of Accumulated

Equity - Summary of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Foreign currency translation adjustments	$ (1,420)	$ (1,505)
Cash flow hedges — unrealized net gain (loss)	(66)	(67)
Postretirement and postemployment benefits:
Net experience loss	(13)	(14)
Prior service cost	11	11
Total accumulated other comprehensive income (loss)	$ (1,488)	$ (1,575)	[1]
[1]	Condensed from audited financial statements.

Debt - Components of Notes Paya

Debt - Components of Notes Payable (Details) - USD ($) $ in Millions	Apr. 01, 2017		Dec. 31, 2016
Short-term Debt [Line Items]
Principal amount	$ 629		$ 438	[1]
U.S. commercial paper
Short-term Debt [Line Items]
Principal amount	$ 242		$ 80
Effective interest rate (a)	0.85%		0.61%
Europe commercial paper
Short-term Debt [Line Items]
Principal amount	$ 315		$ 306
Effective interest rate (a)	(0.17%)	[2]	(0.18%)
Bank borrowings
Short-term Debt [Line Items]
Principal amount	$ 72		$ 52
[1]	Condensed from audited financial statements.
[2]	Negative effective interest rates on certain borrowings in Europe are the result of efforts by the European Central Bank to stimulate the economy in the eurozone.

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Notional amounts of interest rate swaps	$ 4,183	$ 4,018
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Notional amounts of interest rate swaps	$ 2,200
Notes Payable, Other Payables | 3.25% U.S. Dollar Notes Due 2026
Debt Instrument [Line Items]
Debt instrument term	10 years
Debt instrument, stated interest rate	3.25%
Effective interest rate (a)	3.52%
Notes Payable, Other Payables | 4.15% U.S. Dollar Notes Due 2019
Debt Instrument [Line Items]
Debt instrument term	10 years
Debt instrument, stated interest rate	4.15%
Effective interest rate (a)	3.53%
Notes Payable, Other Payables | 4.0% U.S. Dollar Notes Due 2020
Debt Instrument [Line Items]
Debt instrument term	10 years
Debt instrument, stated interest rate	4.00%
Effective interest rate (a)	2.91%
Notes Payable, Other Payables | 3.125% U.S. Dollar Notes Due 2022
Debt Instrument [Line Items]
Debt instrument term	10 years
Debt instrument, stated interest rate	3.125%
Effective interest rate (a)	2.32%
Notes Payable, Other Payables | 1.75% U.S. Dollar Notes Due 2017
Debt Instrument [Line Items]
Debt instrument term	5 years
Debt instrument, stated interest rate	1.75%
Effective interest rate (a)	1.94%
Notes Payable, Other Payables | 3.25% U.S. Dollar Notes Due 2018
Debt Instrument [Line Items]
Debt instrument term	7 years
Debt instrument, stated interest rate	3.25%
Effective interest rate (a)	2.56%
Notes Payable, Other Payables | 1.00% Euro Notes Due 2024
Debt Instrument [Line Items]
Debt instrument term	8 years
Debt instrument, stated interest rate	1.00%
Effective interest rate (a)	0.74%
Notes Payable, Other Payables | 2.75% U.S. Dollar Notes Due 2023
Debt Instrument [Line Items]
Debt instrument term	10 years
Debt instrument, stated interest rate	2.75%
Effective interest rate (a)	2.47%
Notes Payable, Other Payables | 2.65% U.S. Dollar Notes Due 2023
Debt Instrument [Line Items]
Debt instrument term	7 years
Debt instrument, stated interest rate	2.65%
Effective interest rate (a)	2.23%

Stock Compensation - Compensati

Stock Compensation - Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost not yet recognized	$ 145
Stock-based compensation cost, period of recognition	2 years
Selling General and Administrative Expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax compensation expense	$ 18	$ 16
Related income tax benefit	$ 6	$ 6

Stock Compensation - Stock Opti

Stock Compensation - Stock Options (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of period (in shares)	15	19
Granted (in shares)	2	3
Exercised (in shares)	(1)	(3)
Forfeitures and expirations (in shares)	0	0
Outstanding, end of period (in shares)	16	19
Exercisable, end of period (in shares)	11	12
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, beginning of period, weighted-average exercise price (in dollars per share)	$ 62	$ 58
Granted, weighted-average exercise price (in dollars per share)	73	76
Exercised, weighted-average exercise price (in dollars per share)	56	55
Forfeitures and expirations, weighted-average exercise price (in dollars per share)	0	0
Outstanding, end of period, weighted-average exercise price (in dollars per share)	64	61
Exercisable, end of period, weighted-average exercise price (in dollars per share)	$ 60	$ 57
Outstanding, end of period, weighted-average remaining contractual term	7 years 2 months 12 days	7 years 4 months 24 days
Exercisable, end of period, weighted-average remaining contractual term	6 years 3 months 18 days	6 years 4 months 24 days
Outstanding, end of period, aggregate intrinsic value	$ 147	$ 306
Exercisable, end of period, aggregate intrinsic value	$ 140	$ 242
Weighted-average fair value of options granted (in dollars per share)	$ 10.14	$ 9.45

Stock Compensation - Schedule o

Stock Compensation - Schedule of Fair Value Assumptions (Details) - Stock Options - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted- average expected volatility	18.00%	17.00%
Weighted- average expected term (years)	6 years 7 months 6 days	6 years 10 months 13 days
Weighted- average risk-free interest rate	2.26%	1.60%
Dividend yield	2.80%	2.60%
Total intrinsic value of options exercised	$ 12	$ 50

Stock Compensation - Performanc

Stock Compensation - Performance Shares (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Apr. 01, 2017	Feb. 28, 2017	Feb. 28, 2015
2014 Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance share award settlement as a percentage of target		35.00%
Performance share award settlement			$ 5
2015 Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum fair value of performance shares	$ 23
2016 Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum fair value of performance shares	$ 26
2017 Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of performance shares that may be earned upon performance, minimum	0.00%
Percentage of performance shares that may be earned upon performance, maximum	200.00%
Performance shares target vesting period	3 years
Performance shares target grant distribution (in shares)	189,000
Grant-date fair value of shares that correspond with target grants	$ 67
Maximum fair value of performance shares	$ 27

Stock Compensation - Restricted

Stock Compensation - Restricted Stock (Details) - Restricted Stock and Restricted Stock Units - $ / shares shares in Thousands	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Non-vested, beginning of year (in shares)	1,166	806
Granted (in shares)	629	547
Vested (in shares)	(25)	(47)
Forfeited (in shares)	(22)	(15)
Non-vested, end of year (in shares)	1,748	1,291
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Non-vested, beginning of year, weighted-average grant-date fair value (in dollars per share)	$ 63	$ 58
Granted, weighted-average grant-date fair value (in dollars per share)	67	70
Vested, weighted-average grant-date fair value (in dollars per share)	55	55
Forfeited, weighted-average grant-date fair value (in dollars per share)	64	56
Non-vested, end of year, weighted-average grant-date fair value (in dollars per share)	$ 65	$ 63

Employee Benefits - Components

Employee Benefits - Components of Plan Benefit Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016
Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 25	$ 24
Interest cost	41	44
Expected return on plan assets	(90)	(89)
Amortization of unrecognized prior service cost (credit)	2	3
Recognized net (gain) loss	3	0
Curtailment loss	1	0
Total plan benefit (income) expense	(18)	(18)
Other Nonpension Postretirement
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	5
Interest cost	9	10
Expected return on plan assets	(24)	(22)
Amortization of unrecognized prior service cost (credit)	(2)	(3)
Recognized net (gain) loss	(29)	0
Curtailment loss	3	0
Total plan benefit (income) expense	(38)	(10)
Postemployment
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	2
Interest cost	1	1
Recognized net (gain) loss	1	1
Total plan benefit (income) expense	$ 3	$ 4

Employee Benefits - Contributio

Employee Benefits - Contributions to Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Restructuring charges	$ 142	$ 52
Employer contributions to employee benefit plans	24	17	$ 33
Total current year projected employer contributions	42
Pension
Defined Benefit Plan Disclosure [Line Items]
Employer contributions to employee benefit plans	21	13	18
Total current year projected employer contributions	26
Nonpension postretirement
Defined Benefit Plan Disclosure [Line Items]
Employer contributions to employee benefit plans	3	4	$ 15
Total current year projected employer contributions	16
Employee related costs
Defined Benefit Plan Disclosure [Line Items]
Restructuring charges	111	$ 14
Employee related costs | Multiemployer Plans
Defined Benefit Plan Disclosure [Line Items]
Restructuring charges	$ 26
Cash Obligation Period	20 years

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2017	Apr. 02, 2016	Dec. 31, 2016
Income Tax Contingency [Line Items]
Effective income tax rate	14.00%	21.00%
Reductions Credited To Income Tax Expense	$ 38
Unrecognized tax benefits	60		$ 63
Projected additions to unrecognized tax benefits	6
Unrecognized tax benefits that would affect the effective income tax rate	40
Tax-related interest and penalties accrual	20
Other current liabilities
Income Tax Contingency [Line Items]
Unrecognized tax benefits	$ 11

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Total Gross Unrecognized Tax Benefits (Details) $ in Millions	3 Months Ended
	Apr. 01, 2017USD ($)
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 63
Additions, current year	1
Reductions, current year	0
Additions, prior years	1
Reductions, prior years	(5)
Settlements	0
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	0
Ending balance	$ 60

Derivative Instruments and Fa54

Derivative Instruments and Fair Value Measurements - Schedule of Total Notional Amounts of Derivative Instruments(Details) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Notional amount of derivatives	$ 4,183	$ 4,018
Foreign currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional amount of derivatives	1,385	1,396
Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional amount of derivatives	2,190	2,185
Commodity contracts
Derivatives, Fair Value [Line Items]
Notional amount of derivatives	$ 608	$ 437

Derivative Instruments and Fa55

Derivative Instruments and Fair Value Measurements - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Apr. 01, 2017		Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Fair Value Of Related Hedge Portion Of Long Term Debt	$ 2,300		$ 2,200
Long-term debt total, carrying value	7,347
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		3
Liabilities	(68)		(65)
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	14		38
Liabilities	(25)		(18)
Level 1 | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		0
Liabilities	0		0
Level 1 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	3		13
Liabilities	(17)		(7)
Level 2 | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		3
Liabilities	(68)		(65)
Level 2 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	11		25
Liabilities	(8)		(11)
Foreign currency exchange contracts | Other prepaid assets | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		2
Foreign currency exchange contracts | Other prepaid assets | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	11		25
Foreign currency exchange contracts | Other prepaid assets | Level 1 | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		0
Foreign currency exchange contracts | Other prepaid assets | Level 1 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		0
Foreign currency exchange contracts | Other prepaid assets | Level 2 | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		2
Foreign currency exchange contracts | Other prepaid assets | Level 2 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	11		25
Foreign currency exchange contracts | Other current liabilities | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liabilities	(8)		(11)
Foreign currency exchange contracts | Other current liabilities | Level 1 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liabilities	0		0
Foreign currency exchange contracts | Other current liabilities | Level 2 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liabilities	(8)		(11)
Interest rate contracts | Other Assets [Member] | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		1
Interest rate contracts | Other Assets [Member] | Level 1 | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		0
Interest rate contracts | Other Assets [Member] | Level 2 | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0	[1]	1
Interest rate contracts | Other Liabilities [Member] | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liabilities	(68)		(65)
Interest rate contracts | Other Liabilities [Member] | Level 1 | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liabilities	0		0
Interest rate contracts | Other Liabilities [Member] | Level 2 | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liabilities	(68)	[1]	(65)
Commodity contracts | Other prepaid assets | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	3		13
Commodity contracts | Other prepaid assets | Level 1 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	3		13
Commodity contracts | Other prepaid assets | Level 2 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Assets	0		0
Commodity contracts | Other current liabilities | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liabilities	(17)		(7)
Commodity contracts | Other current liabilities | Level 1 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liabilities	(17)		(7)
Commodity contracts | Other current liabilities | Level 2 | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Liabilities	0		0
Net Investment Hedging
Derivatives, Fair Value [Line Items]
Long-term debt total, carrying value	$ 1,800		$ 1,800
[1]	The fair value of the related hedged portion of the Company's long-term debt, a level 2 liability, was $2.3 billion and $2.2 billion as of April 1, 2017

Derivative Instruments and Fa56

Derivative Instruments and Fair Value Measurements - Schedule of Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Apr. 01, 2017	Dec. 31, 2016
Offsetting [Abstract]
Asset derivatives, Amounts Presented in the Consolidated Balance Sheet	$ 14	$ 41
Asset derivatives, Financial Instruments, Gross Amounts Not Offset in the Consolidated Balance Sheet	(12)	(24)
Asset derivatives, Cash Collateral Posted, Gross Amounts Not Offset in the Consolidated Balance Sheet	0	0
Asset derivatives, Net Amount	2	17
Liability derivatives, Amounts Presented in the Consolidated Balance Sheet	(93)	(83)
Liability derivatives, Financial Instruments, Gross Amounts Not Offset in the Consolidated Balance Sheet	12	24
Liability derivatives, Cash Collateral Received, Gross Amounts Not Offset in the Consolidated Balance Sheet	59	48
Liability derivatives, net amount	$ (22)	$ (11)

Derivative Instruments and Fa57

Derivative Instruments and Fair Value Measurements - Effect of Derivative Instruments on the Consolidated Statements of Income and Comprehensive Income (Details) - USD ($) $ in Millions		3 Months Ended
		Apr. 01, 2017	Apr. 02, 2016
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income		$ (26)	$ 6
Not Designated as Hedging Instrument | Foreign currency exchange contracts | COGS
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income		(9)	(9)
Not Designated as Hedging Instrument | Foreign currency exchange contracts | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income		(5)	11
Not Designated as Hedging Instrument | Commodity contracts | COGS
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income		(13)	4
Not Designated as Hedging Instrument | Commodity contracts | SGA
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income		1	0
Fair Value Hedges
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	[1]	5	6
Fair Value Hedges | Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	[1]	5	6
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in AOCI		0	(57)
Gain (loss) reclassified from AOCI into income		(1)	(2)
Gain (loss) recognized in income	[1]	0	0
Cash Flow Hedging | Foreign Exchange Contracts, One [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in AOCI		0	10
Cash Flow Hedging | Foreign Exchange Contracts, One [Member] | COGS
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from AOCI into income		1	7
Cash Flow Hedging | Foreign Exchange Contracts, One [Member] | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	[1]	0	0
Cash Flow Hedging | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in AOCI		0	(66)
Gain (loss) recognized in income	[1]	0	0
Cash Flow Hedging | Interest rate contracts | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from AOCI into income		(2)	(6)
Cash Flow Hedging | Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in AOCI		0	(1)
Cash Flow Hedging | Commodity contracts | COGS
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) reclassified from AOCI into income		0	(3)
Cash Flow Hedging | Commodity contracts | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in income	[1]	0	0
Net Investment Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in AOCI		(25)	(80)
Net Investment Hedging | Foreign currency denominated long-term debt
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in AOCI		(25)	(58)
Net Investment Hedging | Foreign currency exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in AOCI		$ 0	$ (22)
[1]	Includes the ineffective portion and amount excluded from effectiveness testing.

Derivative Instruments and Fa58

Derivative Instruments and Fair Value Measurements - Narrative (Details) $ in Millions	3 Months Ended
	Apr. 01, 2017USD ($)
Derivative [Line Items]
Net deferred gains reported in AOCI to be reclassified into income in the next twelve months	$ 7
Fair value of derivative instruments with credit-risk-related contingent features in a liability position	67
Additional collateral required to be posted if the credit risk related contingent features were triggered	43
Collateral posted	0
Accounts Receivable, Net
Derivative [Line Items]
Collateral posted	24
Accounts Receivable, Net | Exchange-traded commodity
Derivative [Line Items]
Margin deposits	$ 35
Five Largest Accounts | Customer Concentration Risk | Accounts Receivable, Net
Derivative [Line Items]
Concentration percentage	27.00%

Derivative Instruments and Fa59

Derivative Instruments and Fair Value Measurements - Schedule of Fair Value of Long-term Debt (Details) $ in Millions	Apr. 01, 2017USD ($)
Derivative Instruments and Fair Value Measurements [Abstract]
Long-term debt, fair value	$ 6,961
Long-term debt total, carrying value	$ 7,347

Reportable Segments (Details)

Reportable Segments (Details) $ in Millions		3 Months Ended
		Apr. 01, 2017USD ($)	Apr. 02, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating segments		9
Number of remaining reportable segments based on geographical locations		3
Net sales		$ 3,254	$ 3,395
Operating profit (loss)		360	438
Mark-to-market adjustments for pension plans, commodity and foreign currency contracts		(21)	(24)
Operating Segments
Segment Reporting Information [Line Items]
Operating profit (loss)		382	472
Operating Segments | U.S. Morning Foods
Segment Reporting Information [Line Items]
Net sales		719	767
Operating profit (loss)		160	148
Operating Segments | U.S. Snacks
Segment Reporting Information [Line Items]
Net sales		781	832
Operating profit (loss)		(44)	83
Operating Segments | U.S. Specialty
Segment Reporting Information [Line Items]
Net sales		395	376
Operating profit (loss)		96	86
Operating Segments | North America Other
Segment Reporting Information [Line Items]
Net sales		393	414
Operating profit (loss)		49	45
Operating Segments | Europe
Segment Reporting Information [Line Items]
Net sales		512	598
Operating profit (loss)		66	70
Operating Segments | Latin America
Segment Reporting Information [Line Items]
Net sales		222	192
Operating profit (loss)		33	23
Operating Segments | Asia Pacific
Segment Reporting Information [Line Items]
Net sales		232	216
Operating profit (loss)		22	17
Corporate
Segment Reporting Information [Line Items]
Operating profit (loss)	[1]	$ (22)	$ (34)
[1]	Includes mark-to-market adjustments for pension and postretirement plans, commodity and foreign currency contracts totaling ($21) million and ($24) million for the quarters ended April 1, 2017 and April 2, 2016, respectively.