2021 Q4 Form 10-K Financial Statement

#000163745922000018 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $6.709B $26.04B $6.939B
YoY Change -3.31% -0.55% 6.17%
Cost Of Revenue $4.534B $17.36B $4.433B
YoY Change 2.28% 2.07% 0.57%
Gross Profit $2.175B $8.682B $2.523B
YoY Change -13.79% -5.39% 19.74%
Gross Profit Margin 32.42% 33.34% 36.36%
Selling, General & Admin $869.0M $5.222B $946.0M
YoY Change -8.14% -25.92% 16.5%
% of Gross Profit 39.95% 60.15% 37.5%
Research & Development $140.0M
YoY Change 17.65%
% of Gross Profit 1.61%
Depreciation & Amortization $233.0M $910.0M $247.0M
YoY Change -5.67% -6.09% -3.89%
% of Gross Profit 10.71% 10.48% 9.79%
Operating Expenses $869.0M $5.362B $946.0M
YoY Change -8.14% -25.2% 16.5%
Operating Profit $1.306B $3.460B $1.577B
YoY Change -17.18% 62.59% 21.78%
Interest Expense -$589.0M $2.047B -$328.0M
YoY Change 79.57% 46.84% 3.14%
% of Operating Profit -45.1% 59.16% -20.8%
Other Income/Expense, Net $57.00M $295.0M $81.00M
YoY Change -29.63% -0.34% 42.11%
Pretax Income -$520.0M $1.708B $1.286B
YoY Change -140.44% 65.83% 293.27%
Income Tax -$30.00M $684.0M $333.0M
% Of Pretax Income 40.05% 25.89%
Net Earnings -$257.0M $1.012B $1.034B
YoY Change -124.85% 184.27% 465.03%
Net Earnings / Revenue -3.83% 3.89% 14.9%
Basic Earnings Per Share $0.83 $0.84
Diluted Earnings Per Share -$210.0K $0.82 $0.84
COMMON SHARES
Basic Shares Outstanding 1.225B shares 1.224B shares 1.223B shares
Diluted Shares Outstanding 1.236B shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.445B $3.445B $3.417B
YoY Change 0.82% 0.82% 49.93%
Cash & Equivalents $3.445B $3.445B $3.417B
Short-Term Investments
Other Short-Term Assets $716.0M $863.0M $574.0M
YoY Change 24.74% -69.05% -7.12%
Inventory $2.729B $2.729B $2.773B
Prepaid Expenses $136.0M $132.0M
Receivables $1.957B $1.957B $2.063B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.994B $8.994B $10.82B
YoY Change -16.89% -16.89% 33.65%
LONG-TERM ASSETS
Property, Plant & Equipment $6.806B $7.375B $6.876B
YoY Change -1.02% -0.85% -2.54%
Goodwill $31.30B $33.09B
YoY Change -5.42% -6.91%
Intangibles $43.54B $46.67B
YoY Change -6.7% -4.08%
Long-Term Investments
YoY Change
Other Assets $2.756B $2.187B $2.376B
YoY Change 15.99% 20.56% 13.14%
Total Long-Term Assets $84.40B $84.40B $89.01B
YoY Change -5.18% -5.18% -4.65%
TOTAL ASSETS
Total Short-Term Assets $8.994B $8.994B $10.82B
Total Long-Term Assets $84.40B $84.40B $89.01B
Total Assets $93.39B $93.39B $99.83B
YoY Change -6.45% -6.45% -1.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.753B $4.753B $4.304B
YoY Change 10.43% 10.43% 7.52%
Accrued Expenses $1.072B $1.205B $1.304B
YoY Change -17.79% -16.26% 10.7%
Deferred Revenue
YoY Change
Short-Term Debt $14.00M $14.00M $6.000M
YoY Change 133.33% 133.33% 0.0%
Long-Term Debt Due $740.0M $740.0M $230.0M
YoY Change 221.74% 221.74% -77.5%
Total Short-Term Liabilities $9.064B $9.064B $8.061B
YoY Change 12.44% 12.44% 2.36%
LONG-TERM LIABILITIES
Long-Term Debt $21.06B $21.06B $28.07B
YoY Change -24.97% -24.97% -0.52%
Other Long-Term Liabilities $1.542B $3.281B $1.745B
YoY Change -11.63% 64.54% 19.6%
Total Long-Term Liabilities $1.542B $24.34B $1.745B
YoY Change -11.63% -19.03% 19.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.064B $9.064B $8.061B
Total Long-Term Liabilities $1.542B $24.34B $1.745B
Total Liabilities $43.94B $44.10B $49.59B
YoY Change -11.38% -11.32% -0.23%
SHAREHOLDERS EQUITY
Retained Earnings -$1.682B -$2.694B
YoY Change -37.56% -11.96%
Common Stock $12.00M $12.00M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $587.0M $344.0M
YoY Change 70.64% 26.94%
Treasury Stock Shares 11.00M shares 5.000M shares
Shareholders Equity $49.30B $49.30B $50.10B
YoY Change
Total Liabilities & Shareholders Equity $93.39B $93.39B $99.83B
YoY Change -6.45% -6.45% -1.6%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$257.0M $1.012B $1.034B
YoY Change -124.85% 184.27% 465.03%
Depreciation, Depletion And Amortization $233.0M $910.0M $247.0M
YoY Change -5.67% -6.09% -3.89%
Cash From Operating Activities $2.916B $5.364B $1.603B
YoY Change 81.91% 8.83% 2.62%
INVESTING ACTIVITIES
Capital Expenditures -$250.0M $905.0M -$199.0M
YoY Change 25.63% 51.85% 6.42%
Acquisitions $74.00M
YoY Change
Other Investing Activities $1.544B -$31.00M $39.00M
YoY Change 3858.97% -36.73% -93.36%
Cash From Investing Activities $1.294B $4.038B -$160.0M
YoY Change -908.75% -873.56% -140.0%
FINANCING ACTIVITIES
Cash Dividend Paid $1.959B
YoY Change 0.05%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $6.202B
YoY Change 32.04%
Cash From Financing Activities -3.011B -$9.344B -822.0M
YoY Change 266.3% 180.52% -59.55%
NET CHANGE
Cash From Operating Activities 2.916B $5.364B 1.603B
Cash From Investing Activities 1.294B $4.038B -160.0M
Cash From Financing Activities -3.011B -$9.344B -822.0M
Net Change In Cash 1.199B $28.00M 621.0M
YoY Change 93.08% -97.54% -987.14%
FREE CASH FLOW
Cash From Operating Activities $2.916B $5.364B $1.603B
Capital Expenditures -$250.0M $905.0M -$199.0M
Free Cash Flow $3.166B $4.459B $1.802B
YoY Change 75.69% 2.91% 3.03%

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CY2021 us-gaap Basis Of Accounting
BasisOfAccounting
Basis of Presentation<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Organization</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On July 2, 2015 (the “2015 Merger Date”) through a series of transactions, we consummated the merger of Kraft Foods Group, Inc. (“Kraft”) with and into a wholly-owned subsidiary of H.J. Heinz Holding Corporation (“Heinz”) (the “2015 Merger”). At the closing of the 2015 Merger, Heinz was renamed The Kraft Heinz Company. Before the consummation of the 2015 Merger, Heinz was controlled by Berkshire Hathaway Inc. and 3G Global Food Holdings, LP (together, the “Sponsors”), following their acquisition of H. J. Heinz Company on June 7, 2013 (the “2013 Heinz Acquisition”).</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We operate on a 52- or 53-week fiscal year ending on the last Saturday in December in each calendar year. Unless the context requires otherwise, references to years and quarters contained herein pertain to our fiscal years and fiscal quarters. Our 2021 fiscal year was a 52-week period that ended on December 25, 2021, the 2020 fiscal year was a 52-week period that ended on December 26, 2020, and the 2019 fiscal year was a 52-week period that ended on December 28, 2019.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Principles of Consolidation</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements include The Kraft Heinz Company and all of our controlled subsidiaries. All intercompany transactions are eliminated.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reportable Segments</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We manage and report our operating results through three reportable segments defined by geographic region: United States, International, and Canada.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the fourth quarter of 2021, certain organizational changes were announced that will impact our future internal reporting and reportable segments. As a result of these changes, we plan to combine our United States and Canada zones to form the North America zone, and expect to have two reportable segments, North America and International. We expect that any change to our reportable segments will be effective in the second quarter of 2022.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Considerations Related to COVID-19</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The ongoing spread of COVID-19 throughout the United States and internationally, as well as measures implemented by governmental authorities and private businesses in an attempt to minimize transmission of the virus (including social distancing mandates, shelter-in-place orders, vaccine mandates, and business restrictions and shutdowns) and consumer responses to such measures and the pandemic have had and continue to have negative and positive implications for portions of our business. Though many areas have relaxed restrictions, varying levels remain throughout the world, are continuously evolving, and may be increased, including as a result of further outbreaks, resurgences, or the emergence of new variants.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In the preparation of these financial statements and related disclosures we have assessed the impact that COVID-19 has had on our estimates, assumptions, forecasts, and accounting policies and made additional disclosures, as necessary. As COVID-19 and its impacts are unprecedented and ever evolving, future events and effects related to the pandemic cannot be determined with precision and actual results could significantly differ from estimates or forecasts.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">See Note 9, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Goodwill and Intangible Assets</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, and Note 17, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Debt</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, for further discussion of COVID-19 considerations.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“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 consolidated financial statements.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We made reclassifications and adjustments to certain previously reported financial information to conform to our current period presentation. In the first quarter of 2021, we reclassified certain balances, which were previously reported in prepaid expenses, to inventories on our consolidated balance sheets. Certain financial statement line items in our consolidated balance sheet at December 26, 2020 and our consolidated statement of cash flows for the years ended December 26, 2020 and December 28, 2019 were adjusted, as necessary, to reflect these reclassifications. See Note 7, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Inventories</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, for additional information.</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Held for Sale</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At December 25, 2021, we classified certain assets and liabilities as held for sale in our consolidated balance sheet, including inventory in our International segment and certain manufacturing equipment and land use rights across the globe. At December 26, 2020, we classified certain assets and liabilities as held for sale in our consolidated balance sheet, primarily relating to the divestiture of certain of our cheese businesses, a business in our International segment, and certain manufacturing equipment and land use rights across the globe. See Note 4, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Acquisitions and Divestitures</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, for additional information.</span></div>
CY2021 us-gaap Fiscal Period
FiscalPeriod
We operate on a 52- or 53-week fiscal year ending on the last Saturday in December in each calendar year. Unless the context requires otherwise, references to years and quarters contained herein pertain to our fiscal years and fiscal quarters. Our 2021 fiscal year was a 52-week period that ended on December 25, 2021, the 2020 fiscal year was a 52-week period that ended on December 26, 2020, and the 2019 fiscal year was a 52-week period that ended on December 28, 2019.
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“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 consolidated financial statements.</span></div>
CY2020Q4 khc Disposal Group Including Discontinued Operation Impairment Of Goodwill In Disposal Group
DisposalGroupIncludingDiscontinuedOperationImpairmentOfGoodwillInDisposalGroup
300000000 USD
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We made reclassifications and adjustments to certain previously reported financial information to conform to our current period presentation. In the first quarter of 2021, we reclassified certain balances, which were previously reported in prepaid expenses, to inventories on our consolidated balance sheets. Certain financial statement line items in our consolidated balance sheet at December 26, 2020 and our consolidated statement of cash flows for the years ended December 26, 2020 and December 28, 2019 were adjusted, as necessary, to reflect these reclassifications. See Note 7, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Inventories</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, for additional information.</span></div>
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1039000000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1070000000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
976000000 USD
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
140000000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
119000000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
112000000 USD
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
14 goodwill_reporting_unit
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
9000000 USD
CY2021Q3 khc Disposal Group Including Discontinued Operation Assets Excluding Intangible Assets
DisposalGroupIncludingDiscontinuedOperationAssetsExcludingIntangibleAssets
1750000000 USD
CY2021Q4 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
1240000000 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
33000000 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
5000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
385000000 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
5000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
257000000 USD
CY2020Q4 khc Disposal Group Including Discontinued Operation Impairment Of Goodwill In Disposal Group
DisposalGroupIncludingDiscontinuedOperationImpairmentOfGoodwillInDisposalGroup
300000000 USD
CY2021Q4 khc Disposal Group Including Discontinued Operation Goodwill Net Of Impairment
DisposalGroupIncludingDiscontinuedOperationGoodwillNetOfImpairment
0 USD
CY2020Q4 khc Disposal Group Including Discontinued Operation Goodwill Net Of Impairment
DisposalGroupIncludingDiscontinuedOperationGoodwillNetOfImpairment
281000000 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets
DisposalGroupIncludingDiscontinuedOperationIntangibleAssets
1000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets
DisposalGroupIncludingDiscontinuedOperationIntangibleAssets
873000000 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
0 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
34000000 USD
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
11000000 USD
CY2020Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
1863000000 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
0 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
17000000 USD
CY2021Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
0 USD
CY2020Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
17000000 USD
CY2021 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
84000000 USD
CY2020 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
-2000000 USD
CY2019 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
108000000 USD
CY2021 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
84000000 USD
CY2020 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
-2000000 USD
CY2019 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
108000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3445000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3417000000 USD
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1000000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3446000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3418000000 USD
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
571000000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
482000000 USD
CY2021Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
208000000 USD
CY2020Q4 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
219000000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
268000000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
268000000 USD
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1682000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1804000000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
2729000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
2773000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
10674000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
10439000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
3868000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
3563000000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
6806000000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
6876000000 USD
CY2021 us-gaap Depreciation
Depreciation
671000000 USD
CY2020 us-gaap Depreciation
Depreciation
705000000 USD
CY2019 us-gaap Depreciation
Depreciation
708000000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
33089000000 USD
CY2021 khc Goodwill Impairment Loss Excluding Impairment Loss On The Disposal Group Held For Sale
GoodwillImpairmentLossExcludingImpairmentLossOnTheDisposalGroupHeldForSale
88000000 USD
CY2021 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
74000000 USD
CY2021 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
1662000000 USD
CY2021 khc Goodwill Foreign Currency Translation Gain Lossand Other
GoodwillForeignCurrencyTranslationGainLossandOther
-117000000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
31296000000 USD
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
14 goodwill_reporting_unit
CY2021Q4 us-gaap Goodwill
Goodwill
31300000000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
10900000000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
10500000000 USD
CY2020Q3 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
580000000 USD
CY2020Q3 khc Reporting Units With Goodwill Transferred To Held For Sale Number
ReportingUnitsWithGoodwillTransferredToHeldForSaleNumber
7 goodwill_reporting_unit
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
42267000000 USD
CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
1307000000 USD
CY2021 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
1487000000 USD
CY2021 us-gaap Indefinite Lived Intangible Assets Foreign Currency Translation Gain Loss
IndefiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-54000000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
39419000000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
39400000000 USD
CY2021Q4 khc Brandpercentageoffairvalueinexcessofcarryingvalue
Brandpercentageoffairvalueinexcessofcarryingvalue
0.20
CY2021Q4 khc Brandpercentageoffairvalueinexcessofcarryingvalue
Brandpercentageoffairvalueinexcessofcarryingvalue
0.20
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5725000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1602000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4123000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5823000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1423000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4400000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
239000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
264000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
286000000 USD
CY2021 khc Finite Lived Intangible Assets Reclassified As Held And Used
FiniteLivedIntangibleAssetsReclassifiedAsHeldAndUsed
14000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
240000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
240000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
230000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
230000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
230000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-215000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
363000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
796000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1923000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
667000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1865000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1708000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1030000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2661000000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1421000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
634000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
466000000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
120000000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
91000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
116000000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
185000000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
287000000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
439000000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1726000000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1012000000 USD
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CY2021 khc Effective Income Tax Rate Reconciliation Goodwill Impairment Percent
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0.047
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0.572
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0.013
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0.098
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2021Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2020Q4 us-gaap Tax Cuts And Jobs Act Of2017 Transition Tax For Accumulated Foreign Earnings Liability
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CY2020Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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45.43
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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36000000 USD
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P4Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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45.04
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P3Y
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24000000 USD
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10000000 USD
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CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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18000000 USD
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
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8.37
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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6.63
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
5.95
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9.89
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CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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7.52
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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103000000 USD
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91000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
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88000000 USD
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503000000 USD
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221000000 USD
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CY2020Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
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26000000 USD
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61000000 USD
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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4000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Before Reclassification Adjustments Tax
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22000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
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66000000 USD
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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-40000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
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-78000000 USD
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
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CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
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CY2021 us-gaap Depreciation Depletion And Amortization
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910000000 USD
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969000000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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768000000 USD
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
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26185000000 USD
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24977000000 USD
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
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26042000000 USD
CY2019 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2020 us-gaap Revenue From Contract With Customer Including Assessed Tax
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26185000000 USD
CY2019 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2021 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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CY2020 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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CY2019 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
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CY2021 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2020 us-gaap Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component
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CY2020 khc Derivative Gain Loss On Derivative Excluding Net Investment Hedges Net
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154000000 USD
CY2019 khc Derivative Gain Loss On Derivative Excluding Net Investment Hedges Net
DerivativeGainLossOnDerivativeExcludingNetInvestmentHedgesNet
39000000 USD
CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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44000000 USD
CY2020 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2019 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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420000000 USD
CY2021 us-gaap Investment Income Interest
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15000000 USD
CY2020 us-gaap Investment Income Interest
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27000000 USD
CY2019 us-gaap Investment Income Interest
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36000000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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101000000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2021 khc Derivative Gain Loss On Derivative Excluding Net Investment Hedges Net
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CY2020 khc Derivative Gain Loss On Derivative Excluding Net Investment Hedges Net
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154000000 USD
CY2019 khc Derivative Gain Loss On Derivative Excluding Net Investment Hedges Net
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39000000 USD
CY2021 khc Othermiscellaneousexpenseincome
Othermiscellaneousexpenseincome
0 USD
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44000000 USD
CY2019 khc Othermiscellaneousexpenseincome
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11000000 USD
CY2021 us-gaap Other Nonoperating Income Expense
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CY2020 us-gaap Other Nonoperating Income Expense
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CY2019 us-gaap Other Nonoperating Income Expense
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CY2021 us-gaap Other Nonoperating Income Expense
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295000000 USD
CY2020 us-gaap Other Nonoperating Income Expense
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296000000 USD
CY2021 khc Defined Benefit Plan Increase Decrease In Year Over Year Change In Amortization Of Prior Service Credits
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CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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101000000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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44000000 USD
CY2020 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
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CY2020 khc Gain Loss On Dissolution Of Joint Venture
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CY2020 us-gaap Other Nonoperating Income Expense
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296000000 USD
CY2019 us-gaap Other Nonoperating Income Expense
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952000000 USD
CY2020 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2019 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
420000000 USD
CY2020 khc Defined Benefit Plan Increase Decrease In Year Over Year Change In Amortization Of Prior Service Credits
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CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2020 khc Gain Loss On Dissolution Of Joint Venture
GainLossOnDissolutionOfJointVenture
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CY2021 dei Auditor Firm
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CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
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153000000 USD
CY2020 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
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0 USD
CY2020 us-gaap Valuation Allowances And Reserves Deductions
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10000000 USD
CY2021 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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6000000 USD
CY2021 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
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1000000 USD
CY2021 us-gaap Valuation Allowances And Reserves Deductions
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11000000 USD
CY2021Q4 us-gaap Valuation Allowances And Reserves Balance
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149000000 USD
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
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145000000 USD
CY2020 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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18000000 USD
CY2020Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
153000000 USD
CY2018Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
105000000 USD
CY2019 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
ValuationAllowancesAndReservesChargedToCostAndExpense
42000000 USD
CY2019 us-gaap Valuation Allowances And Reserves Charged To Other Accounts
ValuationAllowancesAndReservesChargedToOtherAccounts
0 USD
CY2019 us-gaap Valuation Allowances And Reserves Deductions
ValuationAllowancesAndReservesDeductions
2000000 USD
CY2019Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
145000000 USD

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