Equity method investments (Tables)

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Summary of carrying value and fair value of investments

The fair values and carrying values of these investments are included in the following table (in millions).

	Carrying Value				Fair Value
	December 31,				December 31,
	2024		2023		2024		2023
Kraft Heinz	$	13,395	$	13,230	$	9,994	$	12,035
Occidental		17,287		15,410		13,053		14,552
Other		452		426
	$	31,134	$	29,066

Summary of earnings and distributions received from equity method investments

Our earnings and distributions received from equity method investments are summarized in the following table (in millions).

	Equity in Earnings						Distributions Received
	Year ended December 31,						Year ended December 31,
	2024		2023		2022		2024		2023		2022
Kraft Heinz	$	745	$	758	$	628	$	521	$	521	$	521
Occidental		1,005		1,077		323		207		142		24
Other		91		138		912		65		58		284
	$	1,841	$	1,973	$	1,863	$	793	$	721	$	829

Summarized unaudited financial information of Kraft Heinz

Summarized consolidated financial information of Kraft Heinz follows (in millions).

	December 28, 2024		December 30, 2023
Assets	$	88,287	$	90,339
Liabilities		38,962		40,617

	Year ended
	December 28, 2024		December 30, 2023		December 31, 2022
Sales	$	25,846	$	26,640	$	26,485
Net earnings attributable to common shareholders		2,744		2,855		2,363

Summarized consolidated financial information of Occidental follows (in millions).

	September 30, 2024		September 30, 2023
Assets	$	85,803	$	71,287
Liabilities		50,869		42,515

	Twelve months ending September 30,
	2024		2023
Total revenues and other income	$	27,572	$	29,715
Net earnings attributable to common shareholders		3,703		4,471