XML 21 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
$ in Millions
1 Months Ended 11 Months Ended 12 Months Ended
Jun. 07, 2013
Dec. 29, 2013
Jan. 03, 2016
Dec. 28, 2014
Apr. 28, 2013
Successor          
Net sales   $ 6,240 $ 18,338 $ 10,922  
Cost of products sold   4,908 12,577 7,645  
Gross profit   1,332 5,761 3,277  
Selling, general and administrative expenses   1,340 3,122 1,709  
Operating income/(loss)   (8) 2,639 1,568  
Interest expense   409 1,321 686  
Other expense, net   (119) 305 79  
Income/(loss) from continuing operations before income taxes   (298) 1,013 803  
Provision for/(benefit from) income taxes   (232) 366 131  
Net income/(loss) from continuing operations   (66) 647 672  
Loss from discontinued operations, net of tax   (6) 0 0  
Net income/(loss)   (72) 647 672  
Net income attributable to noncontrolling interest   5 13 15  
Net income/(loss) attributable to Kraft Heinz   (77) 634 657  
Preferred dividends   360 900 720  
Accretion of Series A Preferred Stock to redemption value   687 0 0  
Net (loss)/income attributable to common shareholders   $ (1,124) $ (266) $ (63)  
Earnings Per Share [Abstract]          
Basic (loss)/income from continuing operations per common share (in dollars per share)   $ (2.97) $ (0.34) $ (0.17)  
Basic (loss)/income from discontinued operations per common share (in dollars per share)   (0.01) 0.00 0.00  
Basic (loss)/income per share (in dollars per share)   (2.98) (0.34) (0.17)  
Diluted (loss)/income from continuing operations per common share (in dollars per share)   (2.97) (0.34) (0.17)  
Diluted (loss)/income from discontinued operations per common share (in dollars per share)   (0.01) 0.00 0.00  
Diluted (loss)/income per share (in dollars per share)   (2.98) (0.34) (0.17)  
Dividends declared (in dollars per share)   $ 0 $ 1.7 $ 0  
Predecessor          
Net sales $ 1,113       $ 11,529
Cost of products sold 793       7,958
Gross profit 320       3,571
Selling, general and administrative expenses 292       1,909
Operating income/(loss) 28       1,662
Interest expense 35       284
Other expense, net 123       34
Income/(loss) from continuing operations before income taxes (130)       1,344
Provision for/(benefit from) income taxes 61       242
Net income/(loss) from continuing operations (191)       1,102
Loss from discontinued operations, net of tax (1)       (75)
Net income/(loss) (192)       1,027
Net income attributable to noncontrolling interest 3       14
Net income/(loss) attributable to Kraft Heinz (195)       1,013
Preferred dividends 0       0
Accretion of Series A Preferred Stock to redemption value 0       0
Net (loss)/income attributable to common shareholders $ (195)       $ 1,013
Earnings Per Share [Abstract]          
Basic (loss)/income from continuing operations per common share (in dollars per share) $ (0.60)       $ 3.39
Basic (loss)/income from discontinued operations per common share (in dollars per share) (0.01)       (0.23)
Basic (loss)/income per share (in dollars per share) (0.61)       3.16
Diluted (loss)/income from continuing operations per common share (in dollars per share) (0.60)       3.37
Diluted (loss)/income from discontinued operations per common share (in dollars per share) (0.01)       (0.23)
Diluted (loss)/income per share (in dollars per share) (0.61)       3.14
Dividends declared (in dollars per share) $ 0       $ 2.06