Merger and Acquisition (Tables)

12 Months Ended

Dec. 30, 2017

Under the acquisition method of accounting, total consideration exchanged was (in millions):



Aggregate fair value of Kraft common stock	$	42,502
$16.50 per share special cash dividend	9,782
Fair value of replacement equity awards	353
Total consideration exchanged	$	52,637

Recognized Identified Assets Acquired and Liabilities Assumed

The final purchase price allocation to assets acquired and liabilities assumed in the transaction was (in millions):



Cash	$	314
Other current assets	3,423
Property, plant and equipment	4,179
Identifiable intangible assets	47,771
Other non-current assets	214
Trade and other payables	(3,026		)
Long-term debt	(9,286		)
Net postemployment benefits and other non-current liabilities	(4,739		)
Deferred income tax liabilities	(16,675		)
Net assets acquired	22,175
Goodwill on acquisition	30,462
Total consideration	52,637
Fair value of shares exchanged and equity awards	42,855
Total cash consideration paid to Kraft shareholders	9,782
Cash and cash equivalents of Kraft at the 2015 Merger Date	314
Acquisition of business, net of cash on hand	$	9,468

Schedule of Identifiable Intangible Assets Acquired

The purchase price allocation to identifiable intangible assets acquired was:



	Fair Value		Weighted Average Life
	(in millions of dollars)		(in years)
Indefinite-lived trademarks	$	43,104
Definite-lived trademarks	1,690		24
Customer-related assets	2,977		29
Total	$	47,771

Unaudited Pro Forma Results

Our unaudited pro forma results, prepared in accordance with ASC 805, as if Kraft had been acquired as of December 30, 2013 were (in millions, except per share data):



	January 3, 2016 (53 weeks)
Net sales	$	27,447
Net income	1,761
Basic earnings per share	0.72
Diluted earnings per share	0.70