context
stringlengths 21
24.6k
| category
stringclasses 2
values | entity
stringlengths 1
12
| entity_type
stringclasses 5
values | query
stringlengths 97
3.31k
| answer
stringlengths 12
168
|
|---|---|---|---|---|---|
As part of our planning for the changes in the international tax environment, as well as to achieve greater operational synergies, we have enacted changes to our corporate entity structure which included a transfer of, and will result in the movement of, certain business operations to a wholly-owned subsidiary in the Netherlands resulting in a tax benefit of $ 3.0 billion recorded as a non-U.S. deferred tax asset in December 2024. The deferred tax asset was recognized as a result of the book and tax basis difference on the business transferred to the Netherlands subsidiary with the tax basis determined by reference to the fair value of the business. The determination of the estimated fair value of the transferred business is complex and requires the exercise of substantial judgment due to the use of subjective assumptions in the valuation method used by management. The associated valuation allowance of $ 0.6 billion is related to uncertainty in the Pillar Two legislative interpretation and is based on our latest assessment of the total tax benefit that is more likely than not to be realized. The recognition of our future tax benefits associated with this transaction is dependent upon the acceptance of the business valuation and tax basis step-up by the associated taxing authorities. | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> As part of our planning for the changes in the international tax environment, as well as to achieve greater operational synergies, we have enacted changes to our corporate entity structure which included a transfer of, and will result in the movement of, certain business operations to a wholly-owned subsidiary in the Netherlands resulting in a tax benefit of $ 3.0 billion recorded as a non-U.S. deferred tax asset in December 2024. The deferred tax asset was recognized as a result of the book and tax basis difference on the business transferred to the Netherlands subsidiary with the tax basis determined by reference to the fair value of the business. The determination of the estimated fair value of the transferred business is complex and requires the exercise of substantial judgment due to the use of subjective assumptions in the valuation method used by management. The associated valuation allowance of $ 0.6 billion is related to uncertainty in the Pillar Two legislative interpretation and is based on our latest assessment of the total tax benefit that is more likely than not to be realized. The recognition of our future tax benefits associated with this transaction is dependent upon the acceptance of the business valuation and tax basis step-up by the associated taxing authorities. </context> | us-gaap:DeferredTaxAssetsGoodwillAndIntangibleAssets |
As part of our planning for the changes in the international tax environment, as well as to achieve greater operational synergies, we have enacted changes to our corporate entity structure which included a transfer of, and will result in the movement of, certain business operations to a wholly-owned subsidiary in the Netherlands resulting in a tax benefit of $ 3.0 billion recorded as a non-U.S. deferred tax asset in December 2024. The deferred tax asset was recognized as a result of the book and tax basis difference on the business transferred to the Netherlands subsidiary with the tax basis determined by reference to the fair value of the business. The determination of the estimated fair value of the transferred business is complex and requires the exercise of substantial judgment due to the use of subjective assumptions in the valuation method used by management. The associated valuation allowance of $ 0.6 billion is related to uncertainty in the Pillar Two legislative interpretation and is based on our latest assessment of the total tax benefit that is more likely than not to be realized. The recognition of our future tax benefits associated with this transaction is dependent upon the acceptance of the business valuation and tax basis step-up by the associated taxing authorities. | text | 0.6 | monetaryItemType | text: <entity> 0.6 </entity> <entity type> monetaryItemType </entity type> <context> As part of our planning for the changes in the international tax environment, as well as to achieve greater operational synergies, we have enacted changes to our corporate entity structure which included a transfer of, and will result in the movement of, certain business operations to a wholly-owned subsidiary in the Netherlands resulting in a tax benefit of $ 3.0 billion recorded as a non-U.S. deferred tax asset in December 2024. The deferred tax asset was recognized as a result of the book and tax basis difference on the business transferred to the Netherlands subsidiary with the tax basis determined by reference to the fair value of the business. The determination of the estimated fair value of the transferred business is complex and requires the exercise of substantial judgment due to the use of subjective assumptions in the valuation method used by management. The associated valuation allowance of $ 0.6 billion is related to uncertainty in the Pillar Two legislative interpretation and is based on our latest assessment of the total tax benefit that is more likely than not to be realized. The recognition of our future tax benefits associated with this transaction is dependent upon the acceptance of the business valuation and tax basis step-up by the associated taxing authorities. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
Our 2024 effective tax rate was a benefit of 220.5 % on pre-tax income. Our effective tax rate was favorably impacted by recognizing a non-U.S. deferred tax asset as a result of the movement of certain business operations to a wholly-owned subsidiary in the Netherlands and the geographic mix of pre-tax income in various non-U.S. jurisdictions. This impact was partly offset by establishing a partial valuation allowance against the Netherlands deferred tax asset and a full valuation allowance against the Brazil net deferred tax assets and non-deductible goodwill impairments. | text | 220.5 | percentItemType | text: <entity> 220.5 </entity> <entity type> percentItemType </entity type> <context> Our 2024 effective tax rate was a benefit of 220.5 % on pre-tax income. Our effective tax rate was favorably impacted by recognizing a non-U.S. deferred tax asset as a result of the movement of certain business operations to a wholly-owned subsidiary in the Netherlands and the geographic mix of pre-tax income in various non-U.S. jurisdictions. This impact was partly offset by establishing a partial valuation allowance against the Netherlands deferred tax asset and a full valuation allowance against the Brazil net deferred tax assets and non-deductible goodwill impairments. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
Our 2023 effective tax rate was an expense of 21.7 % on pre-tax income. Our effective tax rate was favorably impacted by geographic mix of pre-tax income in various non-U.S. jurisdictions. These impacts were partially offset by the impact of certain unfavorable rate reconciling items, primarily non-deductible goodwill impairments and the impact of the federal tax on global intangible low-taxed income (“GILTI”). | text | 21.7 | percentItemType | text: <entity> 21.7 </entity> <entity type> percentItemType </entity type> <context> Our 2023 effective tax rate was an expense of 21.7 % on pre-tax income. Our effective tax rate was favorably impacted by geographic mix of pre-tax income in various non-U.S. jurisdictions. These impacts were partially offset by the impact of certain unfavorable rate reconciling items, primarily non-deductible goodwill impairments and the impact of the federal tax on global intangible low-taxed income (“GILTI”). </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
Our 2022 effective tax rate was an expense of 20.2 % on pre-tax income. Our effective tax rate was impacted by the favorable geographic mix of pre-tax income in various non-U.S. jurisdictions and certain favorable items, primarily the decrease in deferred tax liabilities due to the merger of certain foreign entities, the revaluation of deferred tax balances due to changes in state tax laws, and changes in estimates of certain 2021 U.S. income and deductions. This impact was partially offset by the impact of certain unfavorable items, primarily non-deductible goodwill impairments, the impact of the federal tax on GILTI, and the establishment of uncertain tax positions and valuation allowance reserves. | text | 20.2 | percentItemType | text: <entity> 20.2 </entity> <entity type> percentItemType </entity type> <context> Our 2022 effective tax rate was an expense of 20.2 % on pre-tax income. Our effective tax rate was impacted by the favorable geographic mix of pre-tax income in various non-U.S. jurisdictions and certain favorable items, primarily the decrease in deferred tax liabilities due to the merger of certain foreign entities, the revaluation of deferred tax balances due to changes in state tax laws, and changes in estimates of certain 2021 U.S. income and deductions. This impact was partially offset by the impact of certain unfavorable items, primarily non-deductible goodwill impairments, the impact of the federal tax on GILTI, and the establishment of uncertain tax positions and valuation allowance reserves. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The decrease in net deferred income tax liabilities from December 30, 2023 to December 28, 2024 was primarily driven by recognizing a non-U.S. deferred tax asset as a result of the movement of certain business operations to a wholly-owned subsidiary in the Netherlands offset by the establishment of a partial valuation allowance of approximately $ 0.6 billion and the establishment of a full valuation allowance on Brazil net deferred tax assets of approximately $ 140 million. | text | 0.6 | monetaryItemType | text: <entity> 0.6 </entity> <entity type> monetaryItemType </entity type> <context> The decrease in net deferred income tax liabilities from December 30, 2023 to December 28, 2024 was primarily driven by recognizing a non-U.S. deferred tax asset as a result of the movement of certain business operations to a wholly-owned subsidiary in the Netherlands offset by the establishment of a partial valuation allowance of approximately $ 0.6 billion and the establishment of a full valuation allowance on Brazil net deferred tax assets of approximately $ 140 million. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
The decrease in net deferred income tax liabilities from December 30, 2023 to December 28, 2024 was primarily driven by recognizing a non-U.S. deferred tax asset as a result of the movement of certain business operations to a wholly-owned subsidiary in the Netherlands offset by the establishment of a partial valuation allowance of approximately $ 0.6 billion and the establishment of a full valuation allowance on Brazil net deferred tax assets of approximately $ 140 million. | text | 140 | monetaryItemType | text: <entity> 140 </entity> <entity type> monetaryItemType </entity type> <context> The decrease in net deferred income tax liabilities from December 30, 2023 to December 28, 2024 was primarily driven by recognizing a non-U.S. deferred tax asset as a result of the movement of certain business operations to a wholly-owned subsidiary in the Netherlands offset by the establishment of a partial valuation allowance of approximately $ 0.6 billion and the establishment of a full valuation allowance on Brazil net deferred tax assets of approximately $ 140 million. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. | text | 836 | monetaryItemType | text: <entity> 836 </entity> <entity type> monetaryItemType </entity type> <context> As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. </context> | us-gaap:OperatingLossCarryforwards |
As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. | text | 62 | monetaryItemType | text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration |
As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. | text | 774 | monetaryItemType | text: <entity> 774 </entity> <entity type> monetaryItemType </entity type> <context> As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration |
As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. | text | 243 | monetaryItemType | text: <entity> 243 </entity> <entity type> monetaryItemType </entity type> <context> As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsForeign |
As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal |
As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. | text | 39 | monetaryItemType | text: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> As of December 28, 2024, non-U.S. operating loss carryforwards totaled $ 836 million. Of that amount, $ 62 million expire between 2025 and 2036; the other $ 774 million do not expire. We have recorded $ 243 million of deferred tax assets related to these non-U.S. operating loss carryforwards. Deferred tax assets of $ 21 million have been recorded for U.S. state and local operating loss carryforwards. These losses expire between 2025 and 2041. As of December 28, 2024, tax credit carryforwards totaled $ 39 million, which primarily include state tax credits of $ 17 million, and $ 22 million in other tax credits. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwards |
As of December 28, 2024, our unrecognized tax benefits for uncertain tax positions were $ 400 million. If we had recognized all of these benefits, the impact on our effective tax rate would have been $ 374 million. It is reasonably possible that our unrecognized tax benefits will decrease by an insignificant amount in the next 12 months primarily due to the progression of state audits in process. Our unrecognized tax benefits for uncertain tax positions are included in income taxes payable and other non-current liabilities on our consolidated balance sheets. | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> As of December 28, 2024, our unrecognized tax benefits for uncertain tax positions were $ 400 million. If we had recognized all of these benefits, the impact on our effective tax rate would have been $ 374 million. It is reasonably possible that our unrecognized tax benefits will decrease by an insignificant amount in the next 12 months primarily due to the progression of state audits in process. Our unrecognized tax benefits for uncertain tax positions are included in income taxes payable and other non-current liabilities on our consolidated balance sheets. </context> | us-gaap:UnrecognizedTaxBenefits |
As of December 28, 2024, our unrecognized tax benefits for uncertain tax positions were $ 400 million. If we had recognized all of these benefits, the impact on our effective tax rate would have been $ 374 million. It is reasonably possible that our unrecognized tax benefits will decrease by an insignificant amount in the next 12 months primarily due to the progression of state audits in process. Our unrecognized tax benefits for uncertain tax positions are included in income taxes payable and other non-current liabilities on our consolidated balance sheets. | text | 374 | monetaryItemType | text: <entity> 374 </entity> <entity type> monetaryItemType </entity type> <context> As of December 28, 2024, our unrecognized tax benefits for uncertain tax positions were $ 400 million. If we had recognized all of these benefits, the impact on our effective tax rate would have been $ 374 million. It is reasonably possible that our unrecognized tax benefits will decrease by an insignificant amount in the next 12 months primarily due to the progression of state audits in process. Our unrecognized tax benefits for uncertain tax positions are included in income taxes payable and other non-current liabilities on our consolidated balance sheets. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense |
We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. | text | 83 | monetaryItemType | text: <entity> 83 </entity> <entity type> monetaryItemType </entity type> <context> We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. | text | 102 | monetaryItemType | text: <entity> 102 </entity> <entity type> monetaryItemType </entity type> <context> We include interest and penalties related to uncertain tax positions in our tax provision. Our provision for/(benefit from) income taxes included a $ 19 million benefit in 2024, a $ 1 million expense in 2023, and a $ 20 million expense in 2022 related to interest and penalties. Accrued interest and penalties were $ 83 million as of December 28, 2024 and $ 102 million as of December 30, 2023. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
We are currently under examination for income taxes by the Internal Revenue Service (“IRS”) for the years 2018 through 2022. In the third quarter of 2023, we received two Notices of Proposed Adjustment (the “NOPAs”) relating to transfer pricing with our foreign subsidiaries. The NOPAs propose an increase to our U.S. taxable income that could result in additional U.S. federal income tax expense and liability of approximately $ 200 million for 2018 and approximately $ 210 million for 2019, excluding interest, and assert penalties of approximately $ 85 million for each of 2018 and 2019. We strongly disagree with the IRS’s positions, believe that our tax positions are well documented and properly supported, and intend to vigorously contest the positions taken by the IRS and pursue all available administrative and judicial remedies. Therefore, we have not recorded any reserves related to this issue. We continue to maintain the same operating model and transfer pricing methodology with our foreign subsidiaries that was in place for the years 2018 and 2019, and the IRS began its audit of 2020, 2021, and 2022 during the first quarter of 2024. We believe our income tax reserves are appropriate for all open tax years and that final adjudication of this matter will not have a material impact on our results of operations and cash flows. However, the ultimate outcome of this matter is uncertain, and if we are required to pay the IRS additional U.S. taxes, interest, and/or potential penalties, our results of operations and cash flows could be materially affected. | text | 200 | monetaryItemType | text: <entity> 200 </entity> <entity type> monetaryItemType </entity type> <context> We are currently under examination for income taxes by the Internal Revenue Service (“IRS”) for the years 2018 through 2022. In the third quarter of 2023, we received two Notices of Proposed Adjustment (the “NOPAs”) relating to transfer pricing with our foreign subsidiaries. The NOPAs propose an increase to our U.S. taxable income that could result in additional U.S. federal income tax expense and liability of approximately $ 200 million for 2018 and approximately $ 210 million for 2019, excluding interest, and assert penalties of approximately $ 85 million for each of 2018 and 2019. We strongly disagree with the IRS’s positions, believe that our tax positions are well documented and properly supported, and intend to vigorously contest the positions taken by the IRS and pursue all available administrative and judicial remedies. Therefore, we have not recorded any reserves related to this issue. We continue to maintain the same operating model and transfer pricing methodology with our foreign subsidiaries that was in place for the years 2018 and 2019, and the IRS began its audit of 2020, 2021, and 2022 during the first quarter of 2024. We believe our income tax reserves are appropriate for all open tax years and that final adjudication of this matter will not have a material impact on our results of operations and cash flows. However, the ultimate outcome of this matter is uncertain, and if we are required to pay the IRS additional U.S. taxes, interest, and/or potential penalties, our results of operations and cash flows could be materially affected. </context> | us-gaap:IncomeTaxExaminationEstimateOfPossibleLoss |
We are currently under examination for income taxes by the Internal Revenue Service (“IRS”) for the years 2018 through 2022. In the third quarter of 2023, we received two Notices of Proposed Adjustment (the “NOPAs”) relating to transfer pricing with our foreign subsidiaries. The NOPAs propose an increase to our U.S. taxable income that could result in additional U.S. federal income tax expense and liability of approximately $ 200 million for 2018 and approximately $ 210 million for 2019, excluding interest, and assert penalties of approximately $ 85 million for each of 2018 and 2019. We strongly disagree with the IRS’s positions, believe that our tax positions are well documented and properly supported, and intend to vigorously contest the positions taken by the IRS and pursue all available administrative and judicial remedies. Therefore, we have not recorded any reserves related to this issue. We continue to maintain the same operating model and transfer pricing methodology with our foreign subsidiaries that was in place for the years 2018 and 2019, and the IRS began its audit of 2020, 2021, and 2022 during the first quarter of 2024. We believe our income tax reserves are appropriate for all open tax years and that final adjudication of this matter will not have a material impact on our results of operations and cash flows. However, the ultimate outcome of this matter is uncertain, and if we are required to pay the IRS additional U.S. taxes, interest, and/or potential penalties, our results of operations and cash flows could be materially affected. | text | 210 | monetaryItemType | text: <entity> 210 </entity> <entity type> monetaryItemType </entity type> <context> We are currently under examination for income taxes by the Internal Revenue Service (“IRS”) for the years 2018 through 2022. In the third quarter of 2023, we received two Notices of Proposed Adjustment (the “NOPAs”) relating to transfer pricing with our foreign subsidiaries. The NOPAs propose an increase to our U.S. taxable income that could result in additional U.S. federal income tax expense and liability of approximately $ 200 million for 2018 and approximately $ 210 million for 2019, excluding interest, and assert penalties of approximately $ 85 million for each of 2018 and 2019. We strongly disagree with the IRS’s positions, believe that our tax positions are well documented and properly supported, and intend to vigorously contest the positions taken by the IRS and pursue all available administrative and judicial remedies. Therefore, we have not recorded any reserves related to this issue. We continue to maintain the same operating model and transfer pricing methodology with our foreign subsidiaries that was in place for the years 2018 and 2019, and the IRS began its audit of 2020, 2021, and 2022 during the first quarter of 2024. We believe our income tax reserves are appropriate for all open tax years and that final adjudication of this matter will not have a material impact on our results of operations and cash flows. However, the ultimate outcome of this matter is uncertain, and if we are required to pay the IRS additional U.S. taxes, interest, and/or potential penalties, our results of operations and cash flows could be materially affected. </context> | us-gaap:IncomeTaxExaminationEstimateOfPossibleLoss |
Subsequent to January 1, 2018, we consider the unremitted earnings of certain international subsidiaries that impose local country taxes on dividends to be indefinitely reinvested. For those undistributed earnings considered to be indefinitely reinvested, our intent is to reinvest these funds in our international operations, and our current plans do not demonstrate a need to repatriate the accumulated earnings to fund our U.S. cash requirements. The amount of unrecognized deferred tax liabilities for local country withholding taxes that would be owed, if repatriated, related to our 2018 through 2024 accumulated earnings of certain international subsidiaries is approximately $ 80 million. Our undistributed historical earnings in foreign subsidiaries through December 31, 2017 are currently not considered to be indefinitely reinvested. Our deferred tax liability associated with these undistributed historical earnings was insignificant at December 28, 2024 and December 30, 2023, and relates to local withholding taxes that will be owed when this cash is distributed. | text | 80 | monetaryItemType | text: <entity> 80 </entity> <entity type> monetaryItemType </entity type> <context> Subsequent to January 1, 2018, we consider the unremitted earnings of certain international subsidiaries that impose local country taxes on dividends to be indefinitely reinvested. For those undistributed earnings considered to be indefinitely reinvested, our intent is to reinvest these funds in our international operations, and our current plans do not demonstrate a need to repatriate the accumulated earnings to fund our U.S. cash requirements. The amount of unrecognized deferred tax liabilities for local country withholding taxes that would be owed, if repatriated, related to our 2018 through 2024 accumulated earnings of certain international subsidiaries is approximately $ 80 million. Our undistributed historical earnings in foreign subsidiaries through December 31, 2017 are currently not considered to be indefinitely reinvested. Our deferred tax liability associated with these undistributed historical earnings was insignificant at December 28, 2024 and December 30, 2023, and relates to local withholding taxes that will be owed when this cash is distributed. </context> | us-gaap:DeferredTaxLiabilityNotRecognizedAmountOfUnrecognizedDeferredTaxLiabilityUndistributedEarningsOfForeignSubsidiaries |
In the second quarter of 2022, we paid cash taxes of approximately $ 620 million related to the sale of certain assets and to the licensing of certain trademarks in our global cheese business to | text | 620 | monetaryItemType | text: <entity> 620 </entity> <entity type> monetaryItemType </entity type> <context> In the second quarter of 2022, we paid cash taxes of approximately $ 620 million related to the sale of certain assets and to the licensing of certain trademarks in our global cheese business to </context> | us-gaap:IncomeTaxExpenseBenefit |
In May 2020, our stockholders approved The Kraft Heinz Company 2020 Omnibus Incentive Plan (the “2020 Omnibus Plan”), which was adopted by our Board of Directors (“Board”) in March 2020. The 2020 Omnibus Plan became effective March 2, 2020 (the “Plan Effective Date”) and will expire on the tenth anniversary of the Plan Effective Date. The 2020 Omnibus Plan authorizes the issuance of up to 36 million shares of our common stock for awards to employees, non-employee directors, and other key personnel. The 2020 Omnibus Plan provides for the grant of options, stock appreciation rights, restricted stock, RSUs, deferred stock, performance awards, other stock-based awards, and cash-based awards. Equity awards granted under the 2020 Omnibus Plan include awards that vest in full at the end of a three-year period as well as awards that vest in annual installments over three or four years beginning on the second anniversary of the original grant date. Non-qualified stock options have a maximum exercise term of 10 years from the date of the grant. As of the Plan Effective Date, awards will no longer be granted under The Kraft Heinz Company 2016 Omnibus Incentive Plan, the H. J. Heinz Holding Corporation 2013 Omnibus Incentive Plan, Kraft Foods Group, Inc. 2012 Performance Incentive Plan (“2012 Performance Incentive Plan”), or any other equity plans other than the 2020 Omnibus Plan. | text | 36 | sharesItemType | text: <entity> 36 </entity> <entity type> sharesItemType </entity type> <context> In May 2020, our stockholders approved The Kraft Heinz Company 2020 Omnibus Incentive Plan (the “2020 Omnibus Plan”), which was adopted by our Board of Directors (“Board”) in March 2020. The 2020 Omnibus Plan became effective March 2, 2020 (the “Plan Effective Date”) and will expire on the tenth anniversary of the Plan Effective Date. The 2020 Omnibus Plan authorizes the issuance of up to 36 million shares of our common stock for awards to employees, non-employee directors, and other key personnel. The 2020 Omnibus Plan provides for the grant of options, stock appreciation rights, restricted stock, RSUs, deferred stock, performance awards, other stock-based awards, and cash-based awards. Equity awards granted under the 2020 Omnibus Plan include awards that vest in full at the end of a three-year period as well as awards that vest in annual installments over three or four years beginning on the second anniversary of the original grant date. Non-qualified stock options have a maximum exercise term of 10 years from the date of the grant. As of the Plan Effective Date, awards will no longer be granted under The Kraft Heinz Company 2016 Omnibus Incentive Plan, the H. J. Heinz Holding Corporation 2013 Omnibus Incentive Plan, Kraft Foods Group, Inc. 2012 Performance Incentive Plan (“2012 Performance Incentive Plan”), or any other equity plans other than the 2020 Omnibus Plan. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
In April 2016, our stockholders approved The Kraft Heinz Company 2016 Omnibus Incentive Plan (“2016 Omnibus Plan”), which was adopted by our Board in February 2016. The 2016 Omnibus Plan authorized grants of up to 18 million shares of our common stock pursuant to options, stock appreciation rights, RSUs, deferred stock, performance awards, investment rights, other stock-based awards, and cash-based awards. Equity awards granted under the 2016 Omnibus Plan prior to 2019 generally vest in full at the end of a five-year period. Equity awards granted under the 2016 Omnibus Plan in 2019 include awards that vest in full at the end of three and five-year periods as well as awards that become exercisable in annual installments over three to four years beginning on the second anniversary of the original grant date. Non-qualified stock options have a maximum exercise term of 10 years. Equity awards granted under the 2016 Omnibus Plan since inception include non-qualified stock options, RSUs, and PSUs. | text | 18 | sharesItemType | text: <entity> 18 </entity> <entity type> sharesItemType </entity type> <context> In April 2016, our stockholders approved The Kraft Heinz Company 2016 Omnibus Incentive Plan (“2016 Omnibus Plan”), which was adopted by our Board in February 2016. The 2016 Omnibus Plan authorized grants of up to 18 million shares of our common stock pursuant to options, stock appreciation rights, RSUs, deferred stock, performance awards, investment rights, other stock-based awards, and cash-based awards. Equity awards granted under the 2016 Omnibus Plan prior to 2019 generally vest in full at the end of a five-year period. Equity awards granted under the 2016 Omnibus Plan in 2019 include awards that vest in full at the end of three and five-year periods as well as awards that become exercisable in annual installments over three to four years beginning on the second anniversary of the original grant date. Non-qualified stock options have a maximum exercise term of 10 years. Equity awards granted under the 2016 Omnibus Plan since inception include non-qualified stock options, RSUs, and PSUs. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
Prior to approval of the 2016 Omnibus Plan, we issued non-qualified stock options to select employees under the H. J. Heinz Holding Corporation 2013 Omnibus Incentive Plan (“2013 Omnibus Plan”). As a result of the 2015 Merger, each outstanding Heinz stock option was converted into 0.443332 of a Kraft Heinz stock option. Following this conversion, the 2013 Omnibus Plan authorized the issuance of up to 17,555,947 shares of our common stock. Non-qualified stock options awarded under the 2013 Omnibus Plan vest in full at the end of a five-year period and have a maximum exercise term of 10 years. These non-qualified stock options have vested and become exercisable in accordance with the terms and conditions of the 2013 Omnibus Plan and the relevant award agreements. | text | 17555947 | sharesItemType | text: <entity> 17555947 </entity> <entity type> sharesItemType </entity type> <context> Prior to approval of the 2016 Omnibus Plan, we issued non-qualified stock options to select employees under the H. J. Heinz Holding Corporation 2013 Omnibus Incentive Plan (“2013 Omnibus Plan”). As a result of the 2015 Merger, each outstanding Heinz stock option was converted into 0.443332 of a Kraft Heinz stock option. Following this conversion, the 2013 Omnibus Plan authorized the issuance of up to 17,555,947 shares of our common stock. Non-qualified stock options awarded under the 2013 Omnibus Plan vest in full at the end of a five-year period and have a maximum exercise term of 10 years. These non-qualified stock options have vested and become exercisable in accordance with the terms and conditions of the 2013 Omnibus Plan and the relevant award agreements. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
, and $ 24 million in | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> , and $ 24 million in </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
Cash received from options exercised was $ 8 million in 2024, $ 43 million in 2023, and $ 57 million in 2022. The tax benefit realized from stock options exercised were insignificant in 2024, 2023, and 2022. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> Cash received from options exercised was $ 8 million in 2024, $ 43 million in 2023, and $ 57 million in 2022. The tax benefit realized from stock options exercised were insignificant in 2024, 2023, and 2022. </context> | us-gaap:ProceedsFromStockOptionsExercised |
Cash received from options exercised was $ 8 million in 2024, $ 43 million in 2023, and $ 57 million in 2022. The tax benefit realized from stock options exercised were insignificant in 2024, 2023, and 2022. | text | 43 | monetaryItemType | text: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> Cash received from options exercised was $ 8 million in 2024, $ 43 million in 2023, and $ 57 million in 2022. The tax benefit realized from stock options exercised were insignificant in 2024, 2023, and 2022. </context> | us-gaap:ProceedsFromStockOptionsExercised |
Cash received from options exercised was $ 8 million in 2024, $ 43 million in 2023, and $ 57 million in 2022. The tax benefit realized from stock options exercised were insignificant in 2024, 2023, and 2022. | text | 57 | monetaryItemType | text: <entity> 57 </entity> <entity type> monetaryItemType </entity type> <context> Cash received from options exercised was $ 8 million in 2024, $ 43 million in 2023, and $ 57 million in 2022. The tax benefit realized from stock options exercised were insignificant in 2024, 2023, and 2022. </context> | us-gaap:ProceedsFromStockOptionsExercised |
RSUs represent a right to receive one share or the value of one share upon the terms and conditions set forth in the applicable plan and award agreement. | text | one | sharesItemType | text: <entity> one </entity> <entity type> sharesItemType </entity type> <context> RSUs represent a right to receive one share or the value of one share upon the terms and conditions set forth in the applicable plan and award agreement. </context> | us-gaap:ConversionOfStockSharesIssued1 |
The weighted average grant date fair value per share of our RSUs granted during the year was $ 35.39 in 2024, $ 38.24 in 2023, and $ 37.50 in 2022. All RSUs granted in 2024, 2023, and 2022 were dividend eligible. | text | 35.39 | perShareItemType | text: <entity> 35.39 </entity> <entity type> perShareItemType </entity type> <context> The weighted average grant date fair value per share of our RSUs granted during the year was $ 35.39 in 2024, $ 38.24 in 2023, and $ 37.50 in 2022. All RSUs granted in 2024, 2023, and 2022 were dividend eligible. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average grant date fair value per share of our RSUs granted during the year was $ 35.39 in 2024, $ 38.24 in 2023, and $ 37.50 in 2022. All RSUs granted in 2024, 2023, and 2022 were dividend eligible. | text | 38.24 | perShareItemType | text: <entity> 38.24 </entity> <entity type> perShareItemType </entity type> <context> The weighted average grant date fair value per share of our RSUs granted during the year was $ 35.39 in 2024, $ 38.24 in 2023, and $ 37.50 in 2022. All RSUs granted in 2024, 2023, and 2022 were dividend eligible. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average grant date fair value per share of our RSUs granted during the year was $ 35.39 in 2024, $ 38.24 in 2023, and $ 37.50 in 2022. All RSUs granted in 2024, 2023, and 2022 were dividend eligible. | text | 37.50 | perShareItemType | text: <entity> 37.50 </entity> <entity type> perShareItemType </entity type> <context> The weighted average grant date fair value per share of our RSUs granted during the year was $ 35.39 in 2024, $ 38.24 in 2023, and $ 37.50 in 2022. All RSUs granted in 2024, 2023, and 2022 were dividend eligible. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The aggregate fair value of RSUs that vested during the period was $ 119 million in 2024, $ 134 million in 2023, and $ 163 million in 2022. | text | 119 | monetaryItemType | text: <entity> 119 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate fair value of RSUs that vested during the period was $ 119 million in 2024, $ 134 million in 2023, and $ 163 million in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The aggregate fair value of RSUs that vested during the period was $ 119 million in 2024, $ 134 million in 2023, and $ 163 million in 2022. | text | 134 | monetaryItemType | text: <entity> 134 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate fair value of RSUs that vested during the period was $ 119 million in 2024, $ 134 million in 2023, and $ 163 million in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The aggregate fair value of RSUs that vested during the period was $ 119 million in 2024, $ 134 million in 2023, and $ 163 million in 2022. | text | 163 | monetaryItemType | text: <entity> 163 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate fair value of RSUs that vested during the period was $ 119 million in 2024, $ 134 million in 2023, and $ 163 million in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
PSUs represent a right to receive one share or the value of one share upon the terms and conditions set forth in the applicable plan and award agreement and are subject to achievement or satisfaction of performance or market conditions specified by the Compensation Committee of our Board. | text | one | sharesItemType | text: <entity> one </entity> <entity type> sharesItemType </entity type> <context> PSUs represent a right to receive one share or the value of one share upon the terms and conditions set forth in the applicable plan and award agreement and are subject to achievement or satisfaction of performance or market conditions specified by the Compensation Committee of our Board. </context> | us-gaap:ConversionOfStockSharesIssued1 |
The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. | text | 29.14 | perShareItemType | text: <entity> 29.14 </entity> <entity type> perShareItemType </entity type> <context> The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. | text | 33.33 | perShareItemType | text: <entity> 33.33 </entity> <entity type> perShareItemType </entity type> <context> The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. | text | 34.45 | perShareItemType | text: <entity> 34.45 </entity> <entity type> perShareItemType </entity type> <context> The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. | text | 4.33 | percentItemType | text: <entity> 4.33 </entity> <entity type> percentItemType </entity type> <context> The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate |
The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. | text | 3.95 | percentItemType | text: <entity> 3.95 </entity> <entity type> percentItemType </entity type> <context> The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate |
The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. | text | 4.41 | percentItemType | text: <entity> 4.41 </entity> <entity type> percentItemType </entity type> <context> The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate |
The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. | text | 21.28 | percentItemType | text: <entity> 21.28 </entity> <entity type> percentItemType </entity type> <context> The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate |
The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. | text | 24.48 | percentItemType | text: <entity> 24.48 </entity> <entity type> percentItemType </entity type> <context> The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate |
The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. | text | 32.92 | percentItemType | text: <entity> 32.92 </entity> <entity type> percentItemType </entity type> <context> The weighted average grant date fair value per share of our PSUs granted during the year was $ 29.14 in 2024, $ 33.33 in 2023, and $ 34.45 in 2022. Our expected dividend yield was 4.33 % in 2024, 3.95 % in 2023, and 4.41 % in 2022. For our PSUs that are tied to market-based conditions, our expected volatility was 21.28 % in 2024 and 24.48 % in 2023 and 32.92 % in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate |
The aggregate fair value of PSUs that vested during the period was $ 40 million in 2024, $ 33 million in 2023, and $ 58 million in 2022. | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate fair value of PSUs that vested during the period was $ 40 million in 2024, $ 33 million in 2023, and $ 58 million in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The aggregate fair value of PSUs that vested during the period was $ 40 million in 2024, $ 33 million in 2023, and $ 58 million in 2022. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate fair value of PSUs that vested during the period was $ 40 million in 2024, $ 33 million in 2023, and $ 58 million in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The aggregate fair value of PSUs that vested during the period was $ 40 million in 2024, $ 33 million in 2023, and $ 58 million in 2022. | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> The aggregate fair value of PSUs that vested during the period was $ 40 million in 2024, $ 33 million in 2023, and $ 58 million in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
Unrecognized compensation cost related to unvested equity awards was $ 176 million at December 28, 2024 and is expected to be recognized over a weighted average period of 2 years. | text | 176 | monetaryItemType | text: <entity> 176 </entity> <entity type> monetaryItemType </entity type> <context> Unrecognized compensation cost related to unvested equity awards was $ 176 million at December 28, 2024 and is expected to be recognized over a weighted average period of 2 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
(b) Settlements represent the settlement of our pension benefit obligation of $ 282 million for one of our U.K. pension plans in 2023. | text | 282 | monetaryItemType | text: <entity> 282 </entity> <entity type> monetaryItemType </entity type> <context> (b) Settlements represent the settlement of our pension benefit obligation of $ 282 million for one of our U.K. pension plans in 2023. </context> | us-gaap:DefinedBenefitPlanSettlementsPlanAssets |
The accumulated benefit obligation, which represents benefits earned to the measurement date, was $ 2.5 billion at December 28, 2024 and $ 2.7 billion at December 30, 2023 for the U.S. pension plan. The accumulated benefit obligation for the non-U.S. pension plans was $ 1.0 billion at December 28, 2024 and $ 1.2 billion at December 30, 2023. | text | 2.5 | monetaryItemType | text: <entity> 2.5 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation, which represents benefits earned to the measurement date, was $ 2.5 billion at December 28, 2024 and $ 2.7 billion at December 30, 2023 for the U.S. pension plan. The accumulated benefit obligation for the non-U.S. pension plans was $ 1.0 billion at December 28, 2024 and $ 1.2 billion at December 30, 2023. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The accumulated benefit obligation, which represents benefits earned to the measurement date, was $ 2.5 billion at December 28, 2024 and $ 2.7 billion at December 30, 2023 for the U.S. pension plan. The accumulated benefit obligation for the non-U.S. pension plans was $ 1.0 billion at December 28, 2024 and $ 1.2 billion at December 30, 2023. | text | 2.7 | monetaryItemType | text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation, which represents benefits earned to the measurement date, was $ 2.5 billion at December 28, 2024 and $ 2.7 billion at December 30, 2023 for the U.S. pension plan. The accumulated benefit obligation for the non-U.S. pension plans was $ 1.0 billion at December 28, 2024 and $ 1.2 billion at December 30, 2023. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The accumulated benefit obligation, which represents benefits earned to the measurement date, was $ 2.5 billion at December 28, 2024 and $ 2.7 billion at December 30, 2023 for the U.S. pension plan. The accumulated benefit obligation for the non-U.S. pension plans was $ 1.0 billion at December 28, 2024 and $ 1.2 billion at December 30, 2023. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation, which represents benefits earned to the measurement date, was $ 2.5 billion at December 28, 2024 and $ 2.7 billion at December 30, 2023 for the U.S. pension plan. The accumulated benefit obligation for the non-U.S. pension plans was $ 1.0 billion at December 28, 2024 and $ 1.2 billion at December 30, 2023. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The accumulated benefit obligation, which represents benefits earned to the measurement date, was $ 2.5 billion at December 28, 2024 and $ 2.7 billion at December 30, 2023 for the U.S. pension plan. The accumulated benefit obligation for the non-U.S. pension plans was $ 1.0 billion at December 28, 2024 and $ 1.2 billion at December 30, 2023. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> The accumulated benefit obligation, which represents benefits earned to the measurement date, was $ 2.5 billion at December 28, 2024 and $ 2.7 billion at December 30, 2023 for the U.S. pension plan. The accumulated benefit obligation for the non-U.S. pension plans was $ 1.0 billion at December 28, 2024 and $ 1.2 billion at December 30, 2023. </context> | us-gaap:DefinedBenefitPlanAccumulatedBenefitObligation |
The combined U.S. and non-U.S. pension plans resulted in net pension assets of $ 815 million at December 28, 2024 and $ 776 million at December 30, 2023. We recognized these amounts on our consolidated balance sheets as follows (in millions): | text | 815 | monetaryItemType | text: <entity> 815 </entity> <entity type> monetaryItemType </entity type> <context> The combined U.S. and non-U.S. pension plans resulted in net pension assets of $ 815 million at December 28, 2024 and $ 776 million at December 30, 2023. We recognized these amounts on our consolidated balance sheets as follows (in millions): </context> | us-gaap:DefinedBenefitPlanAmountsRecognizedInBalanceSheet |
The combined U.S. and non-U.S. pension plans resulted in net pension assets of $ 815 million at December 28, 2024 and $ 776 million at December 30, 2023. We recognized these amounts on our consolidated balance sheets as follows (in millions): | text | 776 | monetaryItemType | text: <entity> 776 </entity> <entity type> monetaryItemType </entity type> <context> The combined U.S. and non-U.S. pension plans resulted in net pension assets of $ 815 million at December 28, 2024 and $ 776 million at December 30, 2023. We recognized these amounts on our consolidated balance sheets as follows (in millions): </context> | us-gaap:DefinedBenefitPlanAmountsRecognizedInBalanceSheet |
We present all non-service cost components of net pension cost/(benefit) within other expense/(income) on our consolidated statements of income. In 2023, we recognized settlement charges of $ 146 million and other related costs of $ 16 million related to the settlement of one of our U.K. defined benefit pension plans, which resulted in pre-tax losses of $ 162 million within other expense/(income). | text | 146 | monetaryItemType | text: <entity> 146 </entity> <entity type> monetaryItemType </entity type> <context> We present all non-service cost components of net pension cost/(benefit) within other expense/(income) on our consolidated statements of income. In 2023, we recognized settlement charges of $ 146 million and other related costs of $ 16 million related to the settlement of one of our U.K. defined benefit pension plans, which resulted in pre-tax losses of $ 162 million within other expense/(income). </context> | us-gaap:DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1 |
We present all non-service cost components of net pension cost/(benefit) within other expense/(income) on our consolidated statements of income. In 2023, we recognized settlement charges of $ 146 million and other related costs of $ 16 million related to the settlement of one of our U.K. defined benefit pension plans, which resulted in pre-tax losses of $ 162 million within other expense/(income). | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> We present all non-service cost components of net pension cost/(benefit) within other expense/(income) on our consolidated statements of income. In 2023, we recognized settlement charges of $ 146 million and other related costs of $ 16 million related to the settlement of one of our U.K. defined benefit pension plans, which resulted in pre-tax losses of $ 162 million within other expense/(income). </context> | us-gaap:DefinedBenefitPlanOtherCosts |
Our pension investment strategy for the U.S. plan is designed to align our pension assets with our projected benefit obligation to reduce volatility. We target an investment of approximately 75 % of our U.S. plan assets in fixed-income securities, approximately 15 % in alternatives, primarily real assets and diversified credit, and approximately 10 % in return-seeking assets, primarily equity securities. | text | 75 | percentItemType | text: <entity> 75 </entity> <entity type> percentItemType </entity type> <context> Our pension investment strategy for the U.S. plan is designed to align our pension assets with our projected benefit obligation to reduce volatility. We target an investment of approximately 75 % of our U.S. plan assets in fixed-income securities, approximately 15 % in alternatives, primarily real assets and diversified credit, and approximately 10 % in return-seeking assets, primarily equity securities. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
Our pension investment strategy for the U.S. plan is designed to align our pension assets with our projected benefit obligation to reduce volatility. We target an investment of approximately 75 % of our U.S. plan assets in fixed-income securities, approximately 15 % in alternatives, primarily real assets and diversified credit, and approximately 10 % in return-seeking assets, primarily equity securities. | text | 15 | percentItemType | text: <entity> 15 </entity> <entity type> percentItemType </entity type> <context> Our pension investment strategy for the U.S. plan is designed to align our pension assets with our projected benefit obligation to reduce volatility. We target an investment of approximately 75 % of our U.S. plan assets in fixed-income securities, approximately 15 % in alternatives, primarily real assets and diversified credit, and approximately 10 % in return-seeking assets, primarily equity securities. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
Our pension investment strategy for the U.S. plan is designed to align our pension assets with our projected benefit obligation to reduce volatility. We target an investment of approximately 75 % of our U.S. plan assets in fixed-income securities, approximately 15 % in alternatives, primarily real assets and diversified credit, and approximately 10 % in return-seeking assets, primarily equity securities. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> Our pension investment strategy for the U.S. plan is designed to align our pension assets with our projected benefit obligation to reduce volatility. We target an investment of approximately 75 % of our U.S. plan assets in fixed-income securities, approximately 15 % in alternatives, primarily real assets and diversified credit, and approximately 10 % in return-seeking assets, primarily equity securities. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
For pension plans outside the United States, our investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. In aggregate, the long-term asset allocation targets of our non-U.S. plans are broadly characterized as a mix of approximately 79 % fixed-income securities and certain insurance contracts, approximately 10 % in alternatives, primarily multi-asset credit, and approximately 11 % in return-seeking assets, primarily equity securities. | text | 79 | percentItemType | text: <entity> 79 </entity> <entity type> percentItemType </entity type> <context> For pension plans outside the United States, our investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. In aggregate, the long-term asset allocation targets of our non-U.S. plans are broadly characterized as a mix of approximately 79 % fixed-income securities and certain insurance contracts, approximately 10 % in alternatives, primarily multi-asset credit, and approximately 11 % in return-seeking assets, primarily equity securities. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
For pension plans outside the United States, our investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. In aggregate, the long-term asset allocation targets of our non-U.S. plans are broadly characterized as a mix of approximately 79 % fixed-income securities and certain insurance contracts, approximately 10 % in alternatives, primarily multi-asset credit, and approximately 11 % in return-seeking assets, primarily equity securities. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> For pension plans outside the United States, our investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. In aggregate, the long-term asset allocation targets of our non-U.S. plans are broadly characterized as a mix of approximately 79 % fixed-income securities and certain insurance contracts, approximately 10 % in alternatives, primarily multi-asset credit, and approximately 11 % in return-seeking assets, primarily equity securities. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
For pension plans outside the United States, our investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. In aggregate, the long-term asset allocation targets of our non-U.S. plans are broadly characterized as a mix of approximately 79 % fixed-income securities and certain insurance contracts, approximately 10 % in alternatives, primarily multi-asset credit, and approximately 11 % in return-seeking assets, primarily equity securities. | text | 11 | percentItemType | text: <entity> 11 </entity> <entity type> percentItemType </entity type> <context> For pension plans outside the United States, our investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. In aggregate, the long-term asset allocation targets of our non-U.S. plans are broadly characterized as a mix of approximately 79 % fixed-income securities and certain insurance contracts, approximately 10 % in alternatives, primarily multi-asset credit, and approximately 11 % in return-seeking assets, primarily equity securities. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
Amount includes cash collateral of $ 164 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 164 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . | text | 164 | monetaryItemType | text: <entity> 164 </entity> <entity type> monetaryItemType </entity type> <context> Amount includes cash collateral of $ 164 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 164 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . </context> | us-gaap:SecuritiesLoanedCollateralRightToReclaimCash |
Amount includes cash collateral of $ 164 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 164 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . | text | 164 | monetaryItemType | text: <entity> 164 </entity> <entity type> monetaryItemType </entity type> <context> Amount includes cash collateral of $ 164 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 164 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . </context> | us-gaap:SecuritiesBorrowedCollateralObligationToReturnCash |
Amount includes cash collateral of $ 164 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 164 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . | text | zero | monetaryItemType | text: <entity> zero </entity> <entity type> monetaryItemType </entity type> <context> Amount includes cash collateral of $ 164 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 164 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . </context> | us-gaap:SecuritiesLoanedFairValueOfCollateral |
Amount includes cash collateral of $ 192 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 192 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . | text | 192 | monetaryItemType | text: <entity> 192 </entity> <entity type> monetaryItemType </entity type> <context> Amount includes cash collateral of $ 192 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 192 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . </context> | us-gaap:SecuritiesLoanedCollateralRightToReclaimCash |
Amount includes cash collateral of $ 192 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 192 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . | text | 192 | monetaryItemType | text: <entity> 192 </entity> <entity type> monetaryItemType </entity type> <context> Amount includes cash collateral of $ 192 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 192 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . </context> | us-gaap:SecuritiesBorrowedCollateralObligationToReturnCash |
Amount includes cash collateral of $ 192 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 192 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . | text | zero | monetaryItemType | text: <entity> zero </entity> <entity type> monetaryItemType </entity type> <context> Amount includes cash collateral of $ 192 million associated with our securities lending program, which is reflected as an asset, and a corresponding securities lending payable of $ 192 million, which is reflected as a liability. The net impact on total plan assets at fair value is zero . </context> | us-gaap:SecuritiesLoanedFairValueOfCollateral |
In 2024, we contributed $ 7 million to our non-U.S. pension plans. We did no t contribute to our U.S. pension plan. We estimate that 2025 pension contributions will be approximately $ 6 million to our non-U.S. pension plans. We do no t plan to make contributions to our U.S. pension plan in 2025. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual pension asset performance or interest rates, or other factors. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we contributed $ 7 million to our non-U.S. pension plans. We did no t contribute to our U.S. pension plan. We estimate that 2025 pension contributions will be approximately $ 6 million to our non-U.S. pension plans. We do no t plan to make contributions to our U.S. pension plan in 2025. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual pension asset performance or interest rates, or other factors. </context> | us-gaap:DefinedBenefitPlanContributionsByEmployer |
In 2024, we contributed $ 7 million to our non-U.S. pension plans. We did no t contribute to our U.S. pension plan. We estimate that 2025 pension contributions will be approximately $ 6 million to our non-U.S. pension plans. We do no t plan to make contributions to our U.S. pension plan in 2025. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual pension asset performance or interest rates, or other factors. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we contributed $ 7 million to our non-U.S. pension plans. We did no t contribute to our U.S. pension plan. We estimate that 2025 pension contributions will be approximately $ 6 million to our non-U.S. pension plans. We do no t plan to make contributions to our U.S. pension plan in 2025. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual pension asset performance or interest rates, or other factors. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
In 2024, we contributed $ 7 million to our non-U.S. pension plans. We did no t contribute to our U.S. pension plan. We estimate that 2025 pension contributions will be approximately $ 6 million to our non-U.S. pension plans. We do no t plan to make contributions to our U.S. pension plan in 2025. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual pension asset performance or interest rates, or other factors. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we contributed $ 7 million to our non-U.S. pension plans. We did no t contribute to our U.S. pension plan. We estimate that 2025 pension contributions will be approximately $ 6 million to our non-U.S. pension plans. We do no t plan to make contributions to our U.S. pension plan in 2025. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual pension asset performance or interest rates, or other factors. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
In 2023, we settled one of our U.K. defined benefit pension plans, which resulted in a surplus asset. During the third quarter of 2024, the surplus asset was distributed to Kraft Heinz as a negative contribution in the amount of $ 29 million net of tax, which is shown as a cash inflow on the Consolidated Statements of Cash Flows. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> In 2023, we settled one of our U.K. defined benefit pension plans, which resulted in a surplus asset. During the third quarter of 2024, the surplus asset was distributed to Kraft Heinz as a negative contribution in the amount of $ 29 million net of tax, which is shown as a cash inflow on the Consolidated Statements of Cash Flows. </context> | us-gaap:DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets |
Our postretirement benefit plan investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. Our investment strategy is designed to align our postretirement benefit plan assets with our postretirement benefit obligation to reduce volatility. In aggregate, our long-term asset allocation targets are broadly characterized as a mix of approximately 76 % in fixed-income securities and approximately 24 % in return-seeking assets, primarily equity securities. | text | 76 | percentItemType | text: <entity> 76 </entity> <entity type> percentItemType </entity type> <context> Our postretirement benefit plan investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. Our investment strategy is designed to align our postretirement benefit plan assets with our postretirement benefit obligation to reduce volatility. In aggregate, our long-term asset allocation targets are broadly characterized as a mix of approximately 76 % in fixed-income securities and approximately 24 % in return-seeking assets, primarily equity securities. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
Our postretirement benefit plan investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. Our investment strategy is designed to align our postretirement benefit plan assets with our postretirement benefit obligation to reduce volatility. In aggregate, our long-term asset allocation targets are broadly characterized as a mix of approximately 76 % in fixed-income securities and approximately 24 % in return-seeking assets, primarily equity securities. | text | 24 | percentItemType | text: <entity> 24 </entity> <entity type> percentItemType </entity type> <context> Our postretirement benefit plan investment strategy is subject to local regulations and the asset/liability profiles of the plans in each individual country. Our investment strategy is designed to align our postretirement benefit plan assets with our postretirement benefit obligation to reduce volatility. In aggregate, our long-term asset allocation targets are broadly characterized as a mix of approximately 76 % in fixed-income securities and approximately 24 % in return-seeking assets, primarily equity securities. </context> | us-gaap:DefinedBenefitPlanPlanAssetsTargetAllocationPercentage |
In 2024, we contributed $ 11 million to our postretirement benefit plans. We estimate that 2025 postretirement benefit plan contributions will be approximately $ 11 million. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual postretirement plan asset performance or interest rates, or other factors. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we contributed $ 11 million to our postretirement benefit plans. We estimate that 2025 postretirement benefit plan contributions will be approximately $ 11 million. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual postretirement plan asset performance or interest rates, or other factors. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
We sponsor and contribute to employee savings plans that cover eligible salaried, non-union, and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense for defined contribution plans totaled $ 109 million in 2024, $ 103 million in 2023, and $ 98 million in 2022. | text | 109 | monetaryItemType | text: <entity> 109 </entity> <entity type> monetaryItemType </entity type> <context> We sponsor and contribute to employee savings plans that cover eligible salaried, non-union, and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense for defined contribution plans totaled $ 109 million in 2024, $ 103 million in 2023, and $ 98 million in 2022. </context> | us-gaap:DefinedContributionPlanCostRecognized |
We sponsor and contribute to employee savings plans that cover eligible salaried, non-union, and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense for defined contribution plans totaled $ 109 million in 2024, $ 103 million in 2023, and $ 98 million in 2022. | text | 103 | monetaryItemType | text: <entity> 103 </entity> <entity type> monetaryItemType </entity type> <context> We sponsor and contribute to employee savings plans that cover eligible salaried, non-union, and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense for defined contribution plans totaled $ 109 million in 2024, $ 103 million in 2023, and $ 98 million in 2022. </context> | us-gaap:DefinedContributionPlanCostRecognized |
We sponsor and contribute to employee savings plans that cover eligible salaried, non-union, and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense for defined contribution plans totaled $ 109 million in 2024, $ 103 million in 2023, and $ 98 million in 2022. | text | 98 | monetaryItemType | text: <entity> 98 </entity> <entity type> monetaryItemType </entity type> <context> We sponsor and contribute to employee savings plans that cover eligible salaried, non-union, and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense for defined contribution plans totaled $ 109 million in 2024, $ 103 million in 2023, and $ 98 million in 2022. </context> | us-gaap:DefinedContributionPlanCostRecognized |
(a) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 71 million) and other non-current assets ($ 7 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 16 million) and other non-current liabilities ($ 1 million). | text | 71 | monetaryItemType | text: <entity> 71 </entity> <entity type> monetaryItemType </entity type> <context> (a) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 71 million) and other non-current assets ($ 7 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 16 million) and other non-current liabilities ($ 1 million). </context> | us-gaap:DerivativeFairValueOfDerivativeAsset |
(a) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 71 million) and other non-current assets ($ 7 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 16 million) and other non-current liabilities ($ 1 million). | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> (a) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 71 million) and other non-current assets ($ 7 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 16 million) and other non-current liabilities ($ 1 million). </context> | us-gaap:DerivativeFairValueOfDerivativeAsset |
(a) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 71 million) and other non-current assets ($ 7 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 16 million) and other non-current liabilities ($ 1 million). | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> (a) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 71 million) and other non-current assets ($ 7 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 16 million) and other non-current liabilities ($ 1 million). </context> | us-gaap:DerivativeFairValueOfDerivativeLiability |
(a) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 71 million) and other non-current assets ($ 7 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 16 million) and other non-current liabilities ($ 1 million). | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> (a) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 71 million) and other non-current assets ($ 7 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 16 million) and other non-current liabilities ($ 1 million). </context> | us-gaap:DerivativeFairValueOfDerivativeLiability |
(b) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 69 million) and other non-current assets ($ 68 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 34 million) and other non-current liabilities ($ 138 million). | text | 69 | monetaryItemType | text: <entity> 69 </entity> <entity type> monetaryItemType </entity type> <context> (b) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 69 million) and other non-current assets ($ 68 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 34 million) and other non-current liabilities ($ 138 million). </context> | us-gaap:DerivativeFairValueOfDerivativeAsset |
(b) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 69 million) and other non-current assets ($ 68 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 34 million) and other non-current liabilities ($ 138 million). | text | 68 | monetaryItemType | text: <entity> 68 </entity> <entity type> monetaryItemType </entity type> <context> (b) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 69 million) and other non-current assets ($ 68 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 34 million) and other non-current liabilities ($ 138 million). </context> | us-gaap:DerivativeFairValueOfDerivativeAsset |
(b) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 69 million) and other non-current assets ($ 68 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 34 million) and other non-current liabilities ($ 138 million). | text | 34 | monetaryItemType | text: <entity> 34 </entity> <entity type> monetaryItemType </entity type> <context> (b) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 69 million) and other non-current assets ($ 68 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 34 million) and other non-current liabilities ($ 138 million). </context> | us-gaap:DerivativeFairValueOfDerivativeLiability |
(b) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 69 million) and other non-current assets ($ 68 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 34 million) and other non-current liabilities ($ 138 million). | text | 138 | monetaryItemType | text: <entity> 138 </entity> <entity type> monetaryItemType </entity type> <context> (b) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets ($ 69 million) and other non-current assets ($ 68 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 34 million) and other non-current liabilities ($ 138 million). </context> | us-gaap:DerivativeFairValueOfDerivativeLiability |
(c) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets and the fair value of derivative liabilities was recorded in other current liabilities ($ 55 million) and other non-current liabilities ($ 1 million). | text | 55 | monetaryItemType | text: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> (c) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets and the fair value of derivative liabilities was recorded in other current liabilities ($ 55 million) and other non-current liabilities ($ 1 million). </context> | us-gaap:DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement |
(c) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets and the fair value of derivative liabilities was recorded in other current liabilities ($ 55 million) and other non-current liabilities ($ 1 million). | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> (c) At December 28, 2024, the fair value of our derivative assets was recorded in other current assets and the fair value of derivative liabilities was recorded in other current liabilities ($ 55 million) and other non-current liabilities ($ 1 million). </context> | us-gaap:DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement |
(a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 21 million) and other non-current assets ($ 8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 51 million) and other non-current liabilities ($ 14 million). | text | 21 | monetaryItemType | text: <entity> 21 </entity> <entity type> monetaryItemType </entity type> <context> (a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 21 million) and other non-current assets ($ 8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 51 million) and other non-current liabilities ($ 14 million). </context> | us-gaap:DerivativeFairValueOfDerivativeAsset |
(a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 21 million) and other non-current assets ($ 8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 51 million) and other non-current liabilities ($ 14 million). | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> (a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 21 million) and other non-current assets ($ 8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 51 million) and other non-current liabilities ($ 14 million). </context> | us-gaap:DerivativeFairValueOfDerivativeAsset |
(a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 21 million) and other non-current assets ($ 8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 51 million) and other non-current liabilities ($ 14 million). | text | 51 | monetaryItemType | text: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> (a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 21 million) and other non-current assets ($ 8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 51 million) and other non-current liabilities ($ 14 million). </context> | us-gaap:DerivativeFairValueOfDerivativeLiability |
(a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 21 million) and other non-current assets ($ 8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 51 million) and other non-current liabilities ($ 14 million). | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> (a) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 21 million) and other non-current assets ($ 8 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 51 million) and other non-current liabilities ($ 14 million). </context> | us-gaap:DerivativeFairValueOfDerivativeLiability |
(b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 37 million) and other non-current assets ($ 103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 31 million) and other non-current liabilities ($ 134 million). | text | 37 | monetaryItemType | text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> (b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 37 million) and other non-current assets ($ 103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 31 million) and other non-current liabilities ($ 134 million). </context> | us-gaap:DerivativeFairValueOfDerivativeAsset |
(b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 37 million) and other non-current assets ($ 103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 31 million) and other non-current liabilities ($ 134 million). | text | 103 | monetaryItemType | text: <entity> 103 </entity> <entity type> monetaryItemType </entity type> <context> (b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 37 million) and other non-current assets ($ 103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 31 million) and other non-current liabilities ($ 134 million). </context> | us-gaap:DerivativeFairValueOfDerivativeAsset |
(b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 37 million) and other non-current assets ($ 103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 31 million) and other non-current liabilities ($ 134 million). | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> (b) At December 30, 2023, the fair value of our derivative assets was recorded in other current assets ($ 37 million) and other non-current assets ($ 103 million), and the fair value of our derivative liabilities was recorded in other current liabilities ($ 31 million) and other non-current liabilities ($ 134 million). </context> | us-gaap:DerivativeFairValueOfDerivativeLiability |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.