XML 47 R37.htm IDEA: XBRL DOCUMENT v3.23.3
Notes payable and long-term debt - Narrative (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 01, 2023
Sep. 30, 2023
Apr. 01, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Dec. 31, 2022
Debt Instrument [Line Items]              
Notional amount of derivative   $ 7,378     $ 7,378   $ 7,372
Unrealized gain (loss) on cash flow hedges, pre-tax   40   $ 62 37 $ 213  
Notes Payable, Current   353     353   467
Repayments of Long-term Debt         227 33  
Long-term debt   5,530     5,530   5,317
Interest Expense, Debt   83   39 245 149  
Current maturities of long-term debt   1,193     $ 1,193   $ 780
WK Kellogg Co              
Debt Instrument [Line Items]              
Line of Credit Facility, Borrowing Capacity, Description         Under the Credit Facility, WK Kellogg Co has the right at any time, subject to customary conditions, to request incremental term loans or an increase to the revolving credit facility in an aggregate principal amount of (i) up to the greater of (x) $250 million and (y) 100% of Consolidated EBITDA, as defined in the Credit Agreement, for the preceding four fiscal quarters of WK Kellogg Co. Any such addition of or increase in loans will be subject to certain customary conditions precedent and other provisions.    
Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Long-Term Line of Credit   164     $ 164    
Debt Issuance Costs, Gross   7     7    
Current maturities of long-term debt   9     9    
Cash Flow Hedging | Interest expense              
Debt Instrument [Line Items]              
Unrealized gain (loss) on cash flow hedges, pre-tax   $ 14   $ 83 $ 85 $ 165  
Debt Instrument, Redemption, Period One              
Debt Instrument [Line Items]              
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed   2.50%          
Debt Instrument, Redemption, Period Two | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed   5.00%          
Debt Instrument, Redemption, Period Three | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed   5.00%          
Debt Instrument, Redemption, Period Four | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed   7.50%          
Debt Instrument, Redemption, Period Five | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed   10.00%          
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage   1.75%     1.75%    
Base Rate | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Stated Percentage   0.75%     0.75%    
5.25% 10-year U.S. Dollar Notes Due 2033              
Debt Instrument [Line Items]              
Debt Instrument, Face Amount $ 400            
Debt Instrument, Interest Rate, Stated Percentage 5.25%            
Net proceeds after discount and underwriting commissions $ 396            
Notional amount of derivative $ 400            
Debt Instrument, Interest Rate, Effective Percentage 3.06%            
5.25% 10-year U.S. Dollar Notes Due 2033 | Cash Flow Hedging | Interest expense              
Debt Instrument [Line Items]              
Unrealized gain (loss) on cash flow hedges, pre-tax     $ 47        
Cumulative unrealized gain (loss) on cash flow hedge settlement, pre-tax     $ 91        
2.75% 10-year U.S. Dollar Notes Due 2023              
Debt Instrument [Line Items]              
Debt Instrument, Face Amount $ 210            
Debt Instrument, Interest Rate, Stated Percentage 2.75%            
U.S. commercial paper              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Effective Percentage   5.44%     5.44%   4.46%
Notes Payable, Current   $ 0     $ 0   $ 330
Bank borrowings              
Debt Instrument [Line Items]              
Notes Payable, Current   353     353   $ 137
Other assets | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Debt Issuance Costs, Gross   2     2    
Loans | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Debt Issuance Costs, Gross   5     5    
Revolving Credit Facility | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Long-Term Line of Credit   350     350    
Term Loan | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Long-term debt   500     500    
Delayed Draw Term Loan [Member] | Line of Credit | WK Kellogg Co              
Debt Instrument [Line Items]              
Line of Credit Facility, Maximum Borrowing Capacity   250     250    
Long-term debt   $ 250     $ 250    
Credit Agreement as a percentage of EBITDA   100.00%     100.00%