Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Oct. 03, 2015

Acquisitions, Goodwill and Other Intangible Assets [Abstract]

Schedule of Acquired Assets and Assumed Liabilities

The acquired assets and assumed liabilities include the following:

(millions)	January 18, 2015
Current assets	$	11
Property	79
Goodwill	59
Intangible assets and other	30
Current liabilities	(15		)
Other non current liabilities, primarily deferred taxes	(27		)
Non-controlling interests	(20		)
	$	117

Carrying Amount of Goodwill

Carrying amount of goodwill

(millions)	U.S. Morning Foods		U.S. Snacks			U.S. Specialty		North America Other			Europe			Latin America			Asia Pacific			Consoli- dated
January 3, 2015*	$	131	$	3,589		$	82	$	465		$	389		$	83		$	232		$	4,971
Additions	—		—			—		—			85			—			—			85
VIE deconsolidation**	—		(21		)	—		—			—			—			—			(21		)
Currency translation adjustment	—		—			—		(7		)	(25		)	(6		)	(9		)	(47		)
October 3, 2015	$	131	$	3,568		$	82	$	458		$	449		$	77		$	223		$	4,988

* In conjunction with the establishment of the Kashi operating segment, included within the North America Other reportable segment, goodwill was reallocated on a relative fair value basis. All prior period balances were updated to conform with current presentation. See Note 13 for further discussion.

** See discussion regarding VIE deconsolidation in the Noncontrolling interest section of Note 5.

Intangible Assets Subject to Amortization

Intangible assets subject to amortization

(millions)

Gross carrying amount	U.S. Morning Foods		U.S. Snacks			U.S. Specialty		North America Other		Europe			Latin America		Asia Pacific		Consoli- dated
January 3, 2015	$	8	$	65		$	—	$	5	$	38		$	6	$	10	$	132
Additions	—		—			—		—		6			—		—		6
VIE deconsolidation**	—		(23		)	—		—		—			—		—		(23		)
Currency translation adjustment	—		—			—		—		(1		)	—		—		(1		)
October 3, 2015	$	8	$	42		$	—	$	5	$	43		$	6	$	10	$	114
Accumulated Amortization
January 3, 2015	$	8	$	16		$	—	$	4	$	7		$	6	$	2	$	43
VIE deconsolidation**	—		(4		)	—		—		—			—		—		(4		)
Amortization	—		3			—		—		3			—		—		6
October 3, 2015	$	8	$	15		$	—	$	4	$	10		$	6	$	2	$	45
Intangible assets subject to amortization, net
January 3, 2015	$	—	$	49		$	—	$	1	$	31		$	—	$	8	$	89
Additions	—		—			—		—		6			—		—		6
VIE deconsolidation**	—		(19		)	—		—		—			—		—		(19		)
Currency translation adjustment	—		—			—		—		(1		)	—		—		(1		)
Amortization	—		(3		)	—		—		(3		)	—		—		(6		)
October 3, 2015	$	—	$	27		$	—	$	1	$	33		$	—	$	8	$	69

**See discussion regarding VIE deconsolidation in the Noncontrolling interest section of Note 5.

Intangible Assets Not Subject to Amortization

Intangible assets not subject to amortization

(millions)	U.S. Morning Foods		U.S. Snacks		U.S. Specialty		North America Other		Europe			Latin America		Asia Pacific		Consoli- dated
January 3, 2015*	$	—	$	1,625	$	—	$	158	$	423		$	—	$	—	$	2,206
Additions	—		—		—		—		36			—		—		36
Currency translation adjustment	—		—		—		—		(30		)	—		—		(30		)
October 3, 2015	$	—	$	1,625	$	—	$	158	$	429		$	—	$	—	$	2,212

* In conjunction with the establishment of the Kashi operating segment, included within the North America Other reportable segment, certain intangible assets were reallocated. All prior period balances were updated to conform with current presentation. See Note 13 for further discussion.