2019 Q1 Form 10-Q Financial Statement

#000163745919000072 Filed on August 13, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $5.959B $6.304B
YoY Change -5.47%
Cost Of Revenue $3.948B $4.040B
YoY Change -2.28%
Gross Profit $2.011B $2.264B
YoY Change -11.17%
Gross Profit Margin 33.75% 35.91%
Selling, General & Admin $1.449B $764.0M
YoY Change 89.66%
% of Gross Profit 72.05% 33.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $239.0M $227.0M
YoY Change 5.29%
% of Gross Profit 11.88% 10.03%
Operating Expenses $1.449B $764.0M
YoY Change 89.66%
Operating Profit $562.0M $1.500B
YoY Change -62.53%
Interest Expense $321.0M $317.0M
YoY Change 1.26%
% of Operating Profit 57.12% 21.13%
Other Income/Expense, Net $380.0M $90.00M
YoY Change 322.22%
Pretax Income $621.0M $1.273B
YoY Change -51.22%
Income Tax $217.0M $270.0M
% Of Pretax Income 34.94% 21.21%
Net Earnings $405.0M $1.003B
YoY Change -59.62%
Net Earnings / Revenue 6.8% 15.91%
Basic Earnings Per Share $0.33 $0.82
Diluted Earnings Per Share $0.33 $0.82
COMMON SHARES
Basic Shares Outstanding 1.220B shares 1.219B shares
Diluted Shares Outstanding 1.224B shares 1.228B shares

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.096B $1.794B
YoY Change -38.91%
Cash & Equivalents $1.096B $1.794B
Short-Term Investments
Other Short-Term Assets $1.116B $426.0M
YoY Change 161.97%
Inventory $3.118B $3.089B
Prepaid Expenses $384.0M $367.0M
Receivables $2.010B $1.044B
Other Receivables $85.00M $680.0M
Total Short-Term Assets $8.835B $7.371B
YoY Change 19.86%
LONG-TERM ASSETS
Property, Plant & Equipment $7.031B $7.145B
YoY Change -1.6%
Goodwill $36.09B $44.84B
YoY Change -19.52%
Intangibles $49.55B $59.58B
YoY Change -16.83%
Long-Term Investments
YoY Change
Other Assets $2.052B $1.640B
YoY Change 25.12%
Total Long-Term Assets $94.73B $113.2B
YoY Change -16.33%
TOTAL ASSETS
Total Short-Term Assets $8.835B $7.371B
Total Long-Term Assets $94.73B $113.2B
Total Assets $103.6B $120.6B
YoY Change -14.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.184B $4.241B
YoY Change -1.34%
Accrued Expenses $1.063B $912.0M
YoY Change 16.56%
Deferred Revenue
YoY Change
Short-Term Debt $2.000M $1.003B
YoY Change -99.8%
Long-Term Debt Due $1.305B $2.742B
YoY Change -52.41%
Total Short-Term Liabilities $7.972B $10.29B
YoY Change -22.5%
LONG-TERM LIABILITIES
Long-Term Debt $29.80B $28.56B
YoY Change 4.35%
Other Long-Term Liabilities $1.483B $1.023B
YoY Change 44.97%
Total Long-Term Liabilities $1.483B $1.023B
YoY Change 44.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.972B $10.29B
Total Long-Term Liabilities $1.483B $1.023B
Total Liabilities $51.73B $54.28B
YoY Change -4.71%
SHAREHOLDERS EQUITY
Retained Earnings -$4.586B $8.634B
YoY Change -153.12%
Common Stock $12.00M $12.00M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $291.0M $240.0M
YoY Change 21.25%
Treasury Stock Shares
Shareholders Equity $51.70B $66.09B
YoY Change
Total Liabilities & Shareholders Equity $103.6B $120.6B
YoY Change -14.12%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $405.0M $1.003B
YoY Change -59.62%
Depreciation, Depletion And Amortization $239.0M $227.0M
YoY Change 5.29%
Cash From Operating Activities $304.0M $408.0M
YoY Change -25.49%
INVESTING ACTIVITIES
Capital Expenditures $249.0M $223.0M
YoY Change 11.66%
Acquisitions $200.0M $215.0M
YoY Change -6.98%
Other Investing Activities $14.00M -$6.000M
YoY Change -333.33%
Cash From Investing Activities $177.0M $4.000M
YoY Change 4325.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.000M $6.000M
YoY Change -83.33%
Cash From Financing Activities -$504.0M -$371.0M
YoY Change 35.85%
NET CHANGE
Cash From Operating Activities $304.0M $408.0M
Cash From Investing Activities $177.0M $4.000M
Cash From Financing Activities -$504.0M -$371.0M
Net Change In Cash -$34.00M $31.00M
YoY Change -209.68%
FREE CASH FLOW
Cash From Operating Activities $304.0M $408.0M
Capital Expenditures $249.0M $223.0M
Free Cash Flow $55.00M $185.0M
YoY Change -70.27%

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405000000 USD
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0 USD
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CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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1008000000 USD
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OtherComprehensiveIncomeLossNetOfTax
74000000 USD
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762000000 USD
CY2018Q1 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-95000000 USD
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StockholdersEquityOther
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
66294000000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
404000000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
1003000000 USD
CY2019Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
239000000 USD
CY2018Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
227000000 USD
CY2019Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-77000000 USD
CY2018Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-106000000 USD
CY2019Q1 us-gaap Share Based Compensation
ShareBasedCompensation
9000000 USD
CY2018Q1 us-gaap Share Based Compensation
ShareBasedCompensation
7000000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-67000000 USD
CY2018Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-46000000 USD
CY2019Q1 us-gaap Pension And Other Postretirement Benefit Contributions
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CY2018Q1 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
22000000 USD
CY2019Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
620000000 USD
CY2018Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0 USD
CY2019Q1 khc Noncashadjustmentnonmonetarycurrencydevaluation
Noncashadjustmentnonmonetarycurrencydevaluation
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CY2018Q1 khc Noncashadjustmentnonmonetarycurrencydevaluation
Noncashadjustmentnonmonetarycurrencydevaluation
47000000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Business
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246000000 USD
CY2018Q1 us-gaap Gain Loss On Sale Of Business
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0 USD
CY2019Q1 us-gaap Other Operating Activities Cash Flow Statement
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-64000000 USD
CY2018Q1 us-gaap Other Operating Activities Cash Flow Statement
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-22000000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
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-116000000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Receivable
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712000000 USD
CY2019Q1 us-gaap Increase Decrease In Inventories
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488000000 USD
CY2018Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
312000000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable
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64000000 USD
CY2018Q1 us-gaap Increase Decrease In Accounts Payable
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-85000000 USD
CY2019Q1 us-gaap Increase Decrease In Other Current Assets
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-14000000 USD
CY2018Q1 us-gaap Increase Decrease In Other Current Assets
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-26000000 USD
CY2019Q1 us-gaap Increase Decrease In Other Current Liabilities
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-211000000 USD
CY2018Q1 us-gaap Increase Decrease In Other Current Liabilities
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403000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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304000000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities
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408000000 USD
CY2019Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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CY2018Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
436000000 USD
CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
223000000 USD
CY2019Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
200000000 USD
CY2018Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
215000000 USD
CY2019Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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640000000 USD
CY2018Q1 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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CY2019Q1 us-gaap Payments For Proceeds From Other Investing Activities
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CY2019Q1 us-gaap Payments Of Dividends Common Stock
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488000000 USD
CY2018Q1 us-gaap Payments Of Dividends Common Stock
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CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
177000000 USD
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4000000 USD
CY2019Q1 us-gaap Repayments Of Long Term Debt
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1000000 USD
CY2018Q1 us-gaap Repayments Of Long Term Debt
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6000000 USD
CY2019Q1 us-gaap Proceeds From Issuance Of Commercial Paper
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377000000 USD
CY2018Q1 us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
1524000000 USD
CY2019Q1 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
377000000 USD
CY2018Q1 us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
1006000000 USD
CY2019Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-15000000 USD
CY2018Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
14000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
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-371000000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-11000000 USD
CY2018Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-10000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-34000000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
31000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1136000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1769000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1102000000 USD
CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1800000000 USD
CY2019Q1 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
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0 USD
CY2018Q1 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
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613000000 USD
CY2019Q1 us-gaap Basis Of Accounting
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Basis of Presentation<div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted, in accordance with the rules of the Securities and Exchange Commission (the “SEC”). In management’s opinion, these interim financial statements include all adjustments (consisting only of normal recurring adjustments) and accruals necessary to fairly state our results for the periods presented.</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The condensed consolidated balance sheet data at </span><span style="font-family:inherit;font-size:10pt;">December 29, 2018</span><span style="font-family:inherit;font-size:10pt;"> was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. These statements should be read in conjunction with our audited consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 29, 2018</span><span style="font-family:inherit;font-size:10pt;">. The results for interim periods are not necessarily indicative of future or annual results.</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Principles of Consolidation</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The consolidated financial statements include Kraft Heinz and all of our controlled subsidiaries. All intercompany transactions are eliminated.</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Reportable Segments</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We manage and report our operating results through </span><span style="font-family:inherit;font-size:10pt;"><span>four</span></span><span style="font-family:inherit;font-size:10pt;"> segments. We have </span><span style="font-family:inherit;font-size:10pt;"><span>three</span></span><span style="font-family:inherit;font-size:10pt;"> reportable segments defined by geographic region: United States, Canada, and Europe, Middle East, and Africa (“EMEA”). Our remaining businesses are combined and disclosed as “Rest of World.” Rest of World comprises </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> operating segments: Latin America and Asia Pacific (“APAC”).</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We prepare our condensed consolidated financial statements in accordance with U.S. GAAP, which requires us to make accounting policy elections, estimates, and assumptions that affect the reported amount of assets, liabilities, reserves, and expenses. These accounting policy elections, estimates, and assumptions are based on our best estimates and judgments. We evaluate our policy elections, estimates, and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We believe these estimates to be reasonable given the current facts available. We adjust our policy elections, estimates, and assumptions when facts and circumstances dictate. Market volatility, including foreign currency exchange rates, increases the uncertainty inherent in our estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from estimates. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our condensed consolidated financial statements.</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We made reclassifications to certain previously reported financial information to conform to our current period presentation.</span></div><div style="line-height:120%;padding-top:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Held for Sale</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We previously announced our plans to divest certain assets and operations in Canada. At </span><span style="font-family:inherit;font-size:10pt;">March 30, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;">December 29, 2018</span><span style="font-family:inherit;font-size:10pt;">, we have classified the assets and liabilities related to this disposal group as held for sale in our condensed consolidated balance sheet. Additionally, at </span><span style="font-family:inherit;font-size:10pt;">December 29, 2018</span><span style="font-family:inherit;font-size:10pt;">, the assets and liabilities related to the Heinz India divestiture were classified as held for sale in our condensed consolidated balance sheet. The Heinz India Transaction closed on January 30, 2019. Our assets held for sale are included within current assets and our liabilities held for sale are included within current liabilities. See Note 5, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Acquisitions and Divestitures</span><span style="font-family:inherit;font-size:10pt;">, for additional information.</span></div>
CY2019Q1 us-gaap Number Of Operating Segments
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4 segment
CY2019Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2019Q1 khc Numberof Operating Segmentsin Restof World Reportable Segment
NumberofOperatingSegmentsinRestofWorldReportableSegment
2 segment
CY2018Q1 khc Definiteand Indefinitelived Intangible Asset Impairment
DefiniteandIndefinitelivedIntangibleAssetImpairment
0 USD
CY2019Q1 us-gaap Use Of Estimates
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<div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We prepare our condensed consolidated financial statements in accordance with U.S. GAAP, which requires us to make accounting policy elections, estimates, and assumptions that affect the reported amount of assets, liabilities, reserves, and expenses. These accounting policy elections, estimates, and assumptions are based on our best estimates and judgments. We evaluate our policy elections, estimates, and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. We believe these estimates to be reasonable given the current facts available. We adjust our policy elections, estimates, and assumptions when facts and circumstances dictate. Market volatility, including foreign currency exchange rates, increases the uncertainty inherent in our estimates and assumptions. As future events and their effects cannot be determined with precision, actual results could differ significantly from estimates. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our condensed consolidated financial statements.</span></div>
CY2019Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We made reclassifications to certain previously reported financial information to conform to our current period presentation.</span></div>
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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2264000000 USD
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764000000 USD
CY2018Q1 us-gaap Goodwill Impairment Loss
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0 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
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764000000 USD
CY2018Q1 us-gaap Operating Income Loss
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1500000000 USD
CY2018Q1 us-gaap Interest Expense
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317000000 USD
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90000000 USD
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1273000000 USD
CY2018Q1 us-gaap Income Tax Expense Benefit
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270000000 USD
CY2018Q1 us-gaap Profit Loss
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1003000000 USD
CY2018Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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0 USD
CY2018Q1 us-gaap Net Income Loss
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1003000000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
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CY2018Q1 us-gaap Profit Loss
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1003000000 USD
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197000000 USD
CY2018Q1 khc Other Comprehensive Income Net Investment Hedge Gain Lossbefore Reclassificationafter Tax
OtherComprehensiveIncomeNetInvestmentHedgeGainLossbeforeReclassificationafterTax
-74000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
22000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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13000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
-58000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2018Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1077000000 USD
CY2018Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-5000000 USD
CY2018Q1 us-gaap Comprehensive Income Net Of Tax
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CY2018Q1 khc Soldreceivables
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CY2018Q1 us-gaap Prepaid Expense Current
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CY2018Q1 us-gaap Other Assets Current
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CY2018Q1 us-gaap Assets Current
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CY2018Q1 us-gaap Goodwill
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CY2018Q1 us-gaap Other Assets Noncurrent
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1640000000 USD
CY2018Q1 us-gaap Assets
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LongTermDebtAndCapitalLeaseObligationsCurrent
2715000000 USD
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1500000000 USD
CY2018Q1 us-gaap Liabilities Current
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CY2018Q1 us-gaap Long Term Debt And Capital Lease Obligations
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CY2018Q1 us-gaap Postemployment Benefits Liability Noncurrent
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CY2018Q1 us-gaap Other Liabilities Noncurrent
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CY2018Q1 us-gaap Liabilities
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CY2018Q1 us-gaap Commitments And Contingencies
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CY2018Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q1 us-gaap Treasury Stock Value
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CY2018Q1 us-gaap Stockholders Equity
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CY2018Q1 us-gaap Minority Interest
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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66294000000 USD
CY2018Q1 us-gaap Liabilities And Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Increase Decrease In Accounts Payable
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CY2018Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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1008000000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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66294000000 USD
CY2018Q1 us-gaap Profit Loss
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1003000000 USD
CY2018Q1 us-gaap Depreciation Depletion And Amortization
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227000000 USD
CY2018Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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-106000000 USD
CY2018Q1 us-gaap Share Based Compensation
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-46000000 USD
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22000000 USD
CY2018Q1 us-gaap Goodwill And Intangible Asset Impairment
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1800000000 USD
CY2018Q1 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
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CY2019Q1 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
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139000000 USD
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CY2018Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill1
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CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019Q1 us-gaap Business Combination Acquisition Related Costs
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CY2018Q1 us-gaap Business Combination Acquisition Related Costs
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CY2019Q1 khc Unrealized Gain Losson Commodity Hedge Contracts
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CY2019Q1 us-gaap Asset Impairment Charges
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CY2018Q1 us-gaap Asset Impairment Charges
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CY2018Q1 us-gaap Other Nonoperating Income Expense
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621000000 USD
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1273000000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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5959000000 USD
CY2018Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
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