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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Income Statement [Abstract]        
Sales $ 2,616 $ 2,729 $ 5,094 $ 5,529
Cost of products sold 1,665 1,844 3,166 3,690
Gross profit 951 885 1,928 1,839
Selling, general and administrative expenses 473 511 934 1,032
2015 Merger related costs 34 0 41 0
Operating income 444 374 953 807
Interest income 10 6 20 12
Interest expense 394 168 595 337
Other expense, net 255 43 226 64
(Loss)/income before income taxes (195) 169 152 418
(Benefit from)/provision for income taxes (35) 34 33 85
Net (loss)/income 160 (135) (119) (333)
Less: Net income attributable to the noncontrolling interest (4) (8) (7) (11)
Net (loss)/income attributable to The Kraft Heinz Company (164) 127 112 322
Less: Preferred dividends 180 180 360 360
Net loss attributable to common shareholders $ (344) $ (53) $ (248) $ (38)
Net loss attributable to common shareholders (in dollars per share) $ (0.91) $ (0.14) $ (0.66) $ (0.10)
Average common shares outstanding, basic and diluted (in shares) 380 377 379 377