XML 36 R25.htm IDEA: XBRL DOCUMENT v3.4.0.3
Equity (Tables)
 3 Months Ended
Apr. 02, 2016
Equity [Abstract]  
Schedule of Earnings Per Share
Quarters ended April 2, 2016 and April 4, 2015:

(millions, except per share data)
Net income
attributable to
Kellogg Company
Average
shares
outstanding
Earnings
per share
2016
 
 
 
Basic
$
175

351

$
0.50

Dilutive potential common shares
 
4

(0.01
)
Diluted
$
175

355

$
0.49

2015
 
 
 
Basic
$
227

355

$
0.64

Dilutive potential common shares
 
2

—

Diluted
$
227

357

$
0.64
Reclassifications Out of AOCI
Comprehensive income
Comprehensive income includes net income and all other changes in equity during a period except those resulting from investments by or distributions to shareholders. Other comprehensive income consists of foreign currency translation adjustments, fair value adjustments associated with cash flow hedges and adjustments for net experience losses and prior service cost related to employee benefit plans.
Reclassifications out of Accumulated Other Comprehensive Income (AOCI) for the quarters ended April 2, 2016 and April 4, 2015 consisted of the following:
(millions)
  
  
  
Details about AOCI
components
Amount reclassified
from AOCI
Line item impacted
within Income Statement
 
Quarter ended
April 2, 2016
Quarter ended
April 4, 2015
  
(Gains) losses on cash flow hedges:
 
 
 
Foreign currency exchange contracts
$
(7
)
$
(7
)
COGS
Foreign currency exchange contracts
—

—

SGA
Interest rate contracts
6

—

Interest expense
Commodity contracts
3

3

COGS
 
$
2

$
(4
)
Total before tax
 
(1
)
—

Tax (expense) benefit
 
$
1

$
(4
)
Net of tax
Amortization of postretirement and postemployment benefits:
 
 
 
Net experience loss
$
1

$
1

See Note 9 for further details
Prior service cost
—

3

See Note 9 for further details
 
$
1

$
4

Total before tax
 
—

(1
)
Tax (expense) benefit
 
$
1

$
3

Net of tax
Total reclassifications
$
2

$
(1
)
Net of tax
Summary of Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) as of April 2, 2016 and January 2, 2016 consisted of the following:
(millions)
April 2,
2016
January 2,
2016
Foreign currency translation adjustments
$
(1,340
)
$
(1,314
)
Cash flow hedges — unrealized net gain (loss)
(72
)
(39
)
Postretirement and postemployment benefits:
 
 
Net experience loss
(15
)
(16
)
Prior service cost
(7
)
(7
)
Total accumulated other comprehensive income (loss)
$
(1,434
)
$
(1,376
)