Debt (Tables)

12 Months Ended

Dec. 29, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

long-term debt obligations. Long-term debt at December 30, 2017 reflects the restatements described in Note 2, Restatement of Previously Issued Consolidated Financial Statements.

	Priority (a)	Maturity Dates	Interest Rates (b)	Carrying Values
						As Restated
				December 29, 2018		December 30, 2017
				(in millions)
U.S. dollar notes:
2025 Notes(c)	Senior Secured Notes	February 15, 2025	4.875%	$	1,193	$	1,192
Other U.S. dollar notes(d)(e)	Senior Notes	2019-2046	2.800% - 7.125%	25,551		25,165
Euro notes(d)	Senior Notes	2023-2028	1.500% - 2.250%	2,899		3,038
Canadian dollar notes(f)	Senior Notes	July 6, 2020	2.700% - 3.128%	586		794
British pound sterling notes:
2030 Notes(g)	Senior Secured Notes	February 18, 2030	6.250%	165		176
Other British pound sterling notes(d)	Senior Notes	July 1, 2027	4.125%	504		536
Other long-term debt	Various	2019-2035	0.800% - 5.500%	50		56
Capital lease obligations				199		84
Total long-term debt				31,147		31,041
Current portion of long-term debt				377		2,733
Long-term debt, excluding current portion				$	30,770	$	28,308

(a) Priority of debt indicates the order which debt would be paid if all debt obligations were due on the same day. Senior secured debt takes priority over unsecured debt. Senior debt has greater seniority than subordinated debt.

(b) Floating interest rates are stated as of December 29, 2018.

(c) The 4.875% Second Lien Senior Secured Notes due February 15, 2025 (the “2025 Notes”) are senior in right of payment of existing and future unsecured and subordinated indebtedness. Kraft Heinz fully and unconditionally guarantees these notes.

(d) Kraft Heinz fully and unconditionally guarantees these notes, which were issued by KHFC.

(e) Includes current year issuances (the “New Notes”) described below.

(f) Kraft Heinz fully and unconditionally guarantees these notes, which were issued by Kraft Heinz Canada ULC (formerly Kraft Canada Inc.).

(g) The 6.250% Pound Sterling Senior Secured Notes due February 18, 2030 (the “2030 Notes”) were issued by H.J. Heinz Finance UK Plc. Kraft Heinz and KHFC fully and unconditionally guarantee the 2030 Notes. This guarantee is secured and senior in right of payment of existing and future unsecured and subordinated indebtedness. Kraft Heinz became guarantor of the 2030 Notes in connection with the 2015 Merger. The 2030 Notes were previously only guaranteed by KHFC.

Schedule of Maturities of Long-term Debt

At December 29, 2018, aggregate principal maturities of our long-term debt excluding capital leases were (in millions):

2019	$	355
2020	2,992
2021	990
2022	3,508
2023	2,460
Thereafter	20,329