Changes in Equity

6 Months Ended

Jun. 28, 2015

Equity [Abstract]

Changes in Equity

Changes in Equity

As a result of the 2015 Merger, each share of H.J. Heinz Holding Corporation's issued and outstanding common stock was reclassified and changed into 0.443332 of a share of Kraft Heinz common stock.

The following table provides a summary of the changes in the carrying amounts of total equity, The Kraft Heinz Company shareholders' equity and equity attributable to the noncontrolling interest:

	Common Stock		Warrants			Additional Capital			Retained Earnings			Accumulated OCI			Noncontrolling Interest			Total
	(In millions)
Balance as of December 28, 2014	$	4	$	367		$	7,320		$	—		$	(574	)	$	219		$	7,336
Comprehensive income/(loss) (a)	—		—			—			112			(145		)	(4		)	(37		)
Dividends paid to shareholder	—		—			(254		)	(106		)	—			—			(360		)
Capital contribution (b)	—		—			15			—			—			—			15
Stock option expense	—		—			6			—			—			—			6
Exercise of warrants (c)	—		(367		)	367			—			—			—			—
Other (d)	—		—			—			(6		)	—			—			(6		)
Balance at June 28, 2015	$	4	$	—		$	7,454		$	—		$	(719	)	$	215		$	6,954

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(a) The allocation of the individual components of comprehensive income/(loss) attributable to The Kraft Heinz Company and the noncontrolling interest is disclosed in Note 10. Comprehensive loss attributable to the redeemable noncontrolling interest is $2 million for the six months ended June 28, 2015.

(b) This balance represents the purchase of shares by employees primarily through the Bonus Swap Program. See Note 8.

(c) In June 2015, Berkshire Hathaway exercised a warrant to purchase an additional 46 million of H.J. Heinz Holding Corporation common shares at an exercise price of $0.01 per common share, which were subsequently reclassified and changed into approximately 20 million shares of Kraft Heinz common stock (see Notes 1 and 13).

(d) In June 2015, there was a $6 million adjustment to the maximum redemption value of the redeemable noncontrolling interest.