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Supplemental Financial Information (Tables)
 12 Months Ended
Dec. 26, 2020
Supplemental Financial Information [Abstract]  
Additional Financial Information Disclosure [Text Block] Supplemental Financial Information
Balance Sheet
202020192018
Accounts and notes receivable
Trade receivables$6,892 $6,447 
Other receivables1,713 1,480 
Total8,605 7,927 
Allowance, beginning of year105 101 $129 
Cumulative effect of accounting change44 — — 
Net amounts charged to expense (a)
79 22 16 
Deductions (b)
(32)(30)(33)
Other (c)
5 12 (11)
Allowance, end of year201 105 $101 
Net receivables$8,404 $7,822 
Inventories (d)
Raw materials and packaging $1,720 $1,395 
Work-in-process205 200 
Finished goods2,247 1,743 
Total$4,172 $3,338 
Property, plant and equipment, net (e)
Average
Useful Life (Years)
Land $1,171 $1,130 
Buildings and improvements
15 - 44
10,214 9,314 
Machinery and equipment, including fleet and software
5 - 15
31,276 29,390 
Construction in progress3,679 3,169 
46,340 43,003 
Accumulated depreciation(24,971)(23,698)
Total$21,369 $19,305 
Depreciation expense$2,335 $2,257 $2,241 
Other assets
Noncurrent notes and accounts receivable$109 $85 
Deferred marketplace spending130 147 
Pension plans (f)
910 846 
Right-of-use assets (g)
1,670 1,548 
Other493 385 
Total$3,312 $3,011 
Accounts payable and other current liabilities
Accounts payable$8,853 $8,013 
Accrued marketplace spending2,935 2,765 
Accrued compensation and benefits2,059 1,835 
Dividends payable1,430 1,351 
Current lease liabilities (g)
460 442 
Other current liabilities 3,855 3,135 
Total$19,592 $17,541 
(a)In 2020, includes an allowance for expected credit losses of $56 million related to the COVID-19 pandemic. See Note 1 for further information.
(b)Includes accounts written off.
(c)Includes adjustments related primarily to currency translation and other adjustments.
(d)Approximately 6% and 7% of the inventory cost in 2020 and 2019, respectively, were computed using the LIFO method. The differences between LIFO and FIFO methods of valuing these inventories were not material. See Note 2 for further information.
(e)See Note 2 for further information.
(f)See Note 7 for further information.
(g)See Note 13 for further information.
Statement of Cash Flows
202020192018
Interest paid (a)
$1,156 $1,076 $1,388 
Income taxes paid, net of refunds (b)
$1,770 $2,226 $1,203 
(a)In 2018, excludes the premiums paid in accordance with the debt transactions. See Note 8 for further information.
(b)In 2020, 2019 and 2018, includes tax payments of $78 million, $423 million and $115 million, respectively, related to the TCJ Act.
The following table provides a reconciliation of cash and cash equivalents and restricted cash as reported within the balance sheet to the same items as reported in the cash flow statement.
20202019
Cash and cash equivalents$8,185 $5,509 
Restricted cash included in other assets (a)
69 61 
Total cash and cash equivalents and restricted cash$8,254 $5,570 
(a)Primarily relates to collateral posted against certain of our derivative positions.