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Equity (Tables)
 6 Months Ended
Jul. 04, 2015
Equity [Abstract]  
Schedule of Earnings Per Share
Quarters ended July 4, 2015 and June 28, 2014:

(millions, except per share data)
Net income
attributable to
Kellogg Company
Average
shares
outstanding
Earnings
per share
2015
 
 
 
Basic
$
223

353

$
0.63

Dilutive potential common shares
 
2

—

Diluted
$
223

355

$
0.63

2014
 
 
 
Basic
$
295

359

$
0.82

Dilutive potential common shares
 
3

—

Diluted
$
295

362

$
0.82



Year-to-date periods ended July 4, 2015 and June 28, 2014:
(millions, except per share data)
Net income
attributable to
Kellogg Company
Average
shares
outstanding
Earnings
per share
2015
 
 
 
Basic
$
450

354

$
1.27

Dilutive potential common shares
 
2

(0.01
)
Diluted
$
450

356

$
1.26

2014
 
 
 
Basic
$
701

360

$
1.95

Dilutive potential common shares
 
2

(0.01
)
Diluted
$
701

362

$
1.94

 
 
 
 
Changes in Comprehensive Income
 

Quarter ended
July 4, 2015

Year-to-date period ended
July 4, 2015
(Results are unaudited)
Pre-tax
amount
Tax (expense)
benefit
After-tax
amount

Pre-tax
amount
Tax (expense)
benefit
After-tax
amount
Net income


$
222




$
449

Other comprehensive income (loss):







Foreign currency translation adjustments
9

5

14


(54
)
(16
)
(70
)
Cash flow hedges:







Unrealized gain (loss) on cash flow hedges
(4
)
—

(4
)

4

(1
)
3

Reclassification to net income
(3
)
—

(3
)

(7
)
—

(7
)
Postretirement and postemployment benefits:







Amount arising during the period:








Prior service credit (cost)
1

—

1


—

—

—

Reclassification to net income:







Net experience loss
1

—

1


2

—

2

Prior service cost
2

(1
)
1


5

(2
)
3

Other comprehensive income (loss)
$
6

$
4

$
10


$
(50
)
$
(19
)
$
(69
)
Comprehensive income
 
 
$
232

 
 
 
$
380

Net income (loss) attributable to noncontrolling interests
 
 
(1
)
 
 
 
(1
)
Other comprehensive income (loss) attributable to noncontrolling interests
 
 
—

 
 
 
(1
)
Comprehensive income attributable to Kellogg Company
 
 
$
233

 
 
 
$
382















 
Quarter ended
June 28, 2014

Year-to-date period ended
June 28, 2014
(Results are unaudited)
Pre-tax
amount
Tax (expense)
benefit
After-tax
amount

Pre-tax
amount
Tax (expense)
benefit
After-tax
amount
Net income


$
295




$
701

Other comprehensive income (loss):







Foreign currency translation adjustments
30

—

30


33

—

33

Cash flow hedges:







Unrealized gain (loss) on cash flow hedges
(23
)
7

(16
)

(24
)
7

(17
)
Reclassification to net income
(1
)
—

(1
)

(11
)
3

(8
)
Postretirement and postemployment benefits:







Amounts arising during the period:







Prior service credit (cost)
(9
)
3

(6
)

(9
)
3

(6
)
Reclassification to net income:







Net experience loss
1

—

1


2

—

2

Prior service cost
4

(1
)
3


6

(2
)
4

Other comprehensive income (loss)
$
2

$
9

$
11


$
(3
)
$
11

$
8

Comprehensive income


$
306




$
709
Reclassifications Out of AOCI
Reclassifications out of Accumulated Other Comprehensive Income (AOCI) for the quarter and year-to-date periods ended July 4, 2015 consisted of the following:
 
(millions)
  
  
  
Details about AOCI
components
Amount reclassified
from AOCI
Line item impacted
within Income Statement
 
Quarter ended
July 4, 2015
Year-to-date period ended
July 4, 2015
  
(Gains) losses on cash flow hedges:
 
 
 
Foreign currency exchange contracts
$
(9
)
$
(16
)
COGS
Foreign currency exchange contracts
2

2

SGA
Interest rate contracts
1

1

Interest expense
Commodity contracts
3

6

COGS
 
$
(3
)
$
(7
)
Total before tax
 
—

—

Tax (expense) benefit
 
$
(3
)
$
(7
)
Net of tax
Amortization of postretirement and postemployment benefits:
 
 
 
Net experience loss
$
1

$
2

See Note 7 for further details
Prior service cost
2

5

See Note 7 for further details
 
$
3

$
7

Total before tax
 
(1
)
(2
)
Tax (expense) benefit
 
$
2

$
5

Net of tax
Total reclassifications
$
(1
)
$
(2
)
Net of tax


Reclassifications out of AOCI for the quarter and year-to-date periods ended June 28, 2014 consisted of the following:
(millions)
  
  
  
Details about AOCI
components
Amount reclassified
from AOCI
Line item impacted
within Income Statement
 
Quarter ended
June 28, 2014
Year-to-date period ended
June 28, 2014
  
(Gains) losses on cash flow hedges:
 
 
 
Foreign currency exchange contracts
$
(1
)
$
(2
)
COGS
Foreign currency exchange contracts
(2
)
(3
)
SGA
Interest rate contracts
—

(9
)
Interest expense
Commodity contracts
2

3

COGS
 
$
(1
)
$
(11
)
Total before tax
 
—

3

Tax (expense) benefit
 
$
(1
)
$
(8
)
Net of tax
Amortization of postretirement and postemployment benefits:
 
 
 
Net experience loss
$
1

$
2

See Note 7 for further details
Prior service cost
4

6

See Note 7 for further details
 
$
5

$
8

Total before tax
 
(1
)
(2
)
Tax (expense) benefit
 
$
4

$
6

Net of tax
Total reclassifications
$
3

$
(2
)
Net of tax
Summary of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) as of July 4, 2015 and January 3, 2015 consisted of the following:
(millions)
July 4,
2015
January 3,
2015
Foreign currency translation adjustments
$
(1,188
)
$
(1,119
)
Cash flow hedges — unrealized net gain (loss)
(28
)
(24
)
Postretirement and postemployment benefits:
 
 
Net experience loss
(16
)
(18
)
Prior service cost
(49
)
(52
)
Total accumulated other comprehensive income (loss)
$
(1,281
)
$
(1,213
)