Equity (Tables)

9 Months Ended

Sep. 27, 2014

Equity [Abstract]

Earnings per Share [Table Text Block]

Quarters ended September 27, 2014 and September 28, 2013:
			Net income	Average
			attributable to	shares		Earnings
(millions, except per share data)			Kellogg Company	outstanding		per share
2014
	Basic	$	224	358	$	0.63
	Dilutive potential common shares			2		(0.01)
	Diluted	$	224	360	$	0.62
2013
	Basic	$	326	362	$	0.90
	Dilutive potential common shares			2		―
	Diluted	$	326	364	$	0.90

Year-to-date periods ended September 27, 2014 and September 28, 2013:
			Net income	Average
			attributable to	shares		Earnings
(millions, except per share data)			Kellogg Company	outstanding		per share
2014
	Basic	$	925	359	$	2.58
	Dilutive potential common shares			2		(0.02)
	Diluted	$	925	361	$	2.56
2013
	Basic	$	989	363	$	2.72
	Dilutive potential common shares			3		(0.02)
	Diluted	$	989	366	$	2.70

Changes in Comprehensive Income [Table Text Block]

		Quarter ended September 27, 2014						Year-to-date period ended September 27, 2014
		Pre-tax		Tax (expense)		After-tax		Pre-tax		Tax (expense)		After-tax
(millions)		amount		benefit		amount		amount		benefit		amount
Net income					$	225					$	926
Other comprehensive income (loss):
Foreign currency translation adjustments	$	(87)	$	(17)		(104)	$	(54)	$	(17)		(71)
Cash flow hedges:
Unrealized gain (loss) on cash flow hedges		(2)		4		2		(26)		11		(15)
Reclassification to net income		-		-		-		(11)		3		(8)
Postretirement and postemployment benefits:
Amounts arising during the period:
Prior service credit (cost)		19		(7)		12		10		(4)		6
Reclassification to net income:
Net experience loss		1		-		1		3		-		3
Prior service cost		2		(1)		1		8		(3)		5
Other comprehensive income (loss)	$	(67)	$	(21)	$	(88)	$	(70)	$	(10)	$	(80)
Comprehensive income					$	137					$	846
		Quarter ended September 28, 2013						Year-to-date period ended September 28, 2013
		Pre-tax		Tax (expense)		After-tax		Pre-tax		Tax (expense)		After-tax
(Results are unaudited)		amount		benefit		amount		amount		benefit		amount
Net income					$	326					$	989
Other comprehensive income (loss):
Foreign currency translation adjustments	$	63	$	-		63	$	(28)	$	-		(28)
Cash flow hedges:
Unrealized gain (loss) on cash flow hedges		(7)		3		(4)		5		0		5
Reclassification to net income		(2)		-		(2)		(4)		-		(4)
Postretirement and postemployment benefits:
Amounts arising during the period:						-
Prior service credit (cost)		(1)		-		(1)		(1)		-		(1)
Reclassification to net income:
Net experience loss		1		-		1		4		-		4
Prior service cost		4		(1)		3		10		(3)		7
Other comprehensive income (loss)	$	58	$	2	$	60	$	(14)	$	(3)	$	(17)
Comprehensive income					$	386					$	972

Relcassification out of AOCI [Table Text Block]

Reclassifications out of Accumulated Other Comprehensive Income (AOCI) for the quarter and year-to-date periods ended September 27, 2014 consisted of the following:
(millions)
Details about AOCI		Amount reclassified			Line item impacted
components		from AOCI			within Income Statement
		Quarter ended		Year-to-date period ended
		September 27, 2014		September 27, 2014
(Gain) loss on cash flow hedges:
Foreign currency exchange contracts	$	-	$	(2)	COGS
Foreign currency exchange contracts		(2)		(5)	SGA
Interest rate contracts		-		(9)	Interest expense
Commodity contracts		2		5	COGS
	$	-	$	(11)	Total before tax
		-		3	Tax (expense) benefit
	$	-	$	(8)	Net of tax
Amortization of postretirement and postemployment benefits:
Net experience loss	$	1	$	3	See Note 7 for further details
Prior service cost		2		8	See Note 7 for further details
	$	3	$	11	Total before tax
		(1)		(3)	Tax (expense) benefit
	$	2	$	8	Net of tax
Total reclassifications	$	2	$	-	Net of tax

Reclassifications out of AOCI for the quarter and year-to-date periods ended September 28, 2013 consisted of the following:
(millions)
Details about AOCI		Amount reclassified			Line item impacted
components		from AOCI			within Income Statement
		Quarter ended		Year-to-date period ended
		September 28, 2013		September 28, 2013
(Gain) loss on cash flow hedges:
Foreign currency exchange contracts	$	(2)	$	(7)	COGS
Foreign currency exchange contracts		(1)		(1)	SGA
Interest rate contracts		(1)		(3)	Interest expense
Commodity contracts		2		7	COGS
	$	(2)	$	(4)	Total before tax
		-		-	Tax (expense) benefit
	$	(2)	$	(4)	Net of tax
Amortization of postretirement and postemployment benefits:
Net experience loss	$	1	$	4	See Note 7 for further details
Prior service cost		4		10	See Note 7 for further details
	$	5	$	14	Total before tax
		(1)		(3)	Tax (expense) benefit
	$	4	$	11	Net of tax
Total reclassifications	$	2	$	7	Net of tax

Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Accumulated other comprehensive income (loss) as of September 27, 2014 and December 28, 2013 consisted of the following:
			September 27,		December 28,
(millions)			2014		2013
Foreign currency translation adjustments		$	(927)	$	(856)
Cash flow hedges — unrealized net gain (loss)			(22)		1
Postretirement and postemployment benefits:
	Net experience loss		(12)		(15)
	Prior service cost		(55)		(66)
Total accumulated other comprehensive income (loss)		$	(1,016)	$	(936)