Employees' Stock Incentive Plans and Management Incentive Plans (Tables)

3 Months Ended

Mar. 29, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of fair value assumptions used in share-based compensation

The weighted average assumptions used to estimate the fair values are as follows:

	Three Months Ended
	March 29, 2015			March 30, 2014
Exercise price	$	13.50		$	10.00
Risk-free interest rate	1.50		%	1.41		%
Expected term (in years)	5.0			5.0
Expected volatility	25.0		%	24.3		%
Expected forfeiture rate	5.0		%	5.0		%

Allocation of share-based compensation costs

The compensation cost related to equity plans and the related tax benefit is primarily recognized in SG&A as follows:

	Three Months Ended
	March 29, 2015		March 30, 2014
	(In millions)
Pre-tax compensation cost	$	2	$	2
Tax benefit	1		1
After-tax compensation cost	$	1	$	1

Rollforward of stock option activity

A summary of Heinz’s stock option activity and related information is as follows:

	Number of Options
	(In millions)
Options outstanding at December 28, 2014	19
Options granted	4
Options forfeited	—
Options exercised	—
Options outstanding at March 29, 2015	23