Created by potrace 1.16, written by Peter Selinger 2001-2019beatandraise.com
Latest Financials

Filings:

CategoryDateSearch FilingsInstitutional HoldersbetaEarnings TranscriptsbetaGlobal Search

SEC Edgar

Kraft Foods Group, Inc.

SIC 2000 · Food And Kindred Products
NotesSupport
aboutterms

Kraft Foods Group, Inc.

CIK:0001545158|SEC Filings
v2.4.1.9
Accumulated Other Comprehensive Losses
 3 Months Ended
Mar. 28, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Losses
Accumulated Other Comprehensive Losses
The components of, and changes in, accumulated other comprehensive losses were as follows (net of tax):
 
Foreign
Currency
Adjustments
 
Postemployment
Benefit Plan
Adjustments
 
Derivative
Hedging
Adjustments
 
Total
Accumulated Other
Comprehensive
Losses
 
(in millions)
Balance at December 27, 2014
$
(518
)
 
$
81

 
$
(125
)
 
$
(562
)
Other comprehensive (losses) / gains before reclassifications
(64
)
 
—

 
36

 
(28
)
Amounts reclassified from accumulated other comprehensive losses
—

 
(4
)
 
(40
)
 
(44
)
Net current-period other comprehensive losses
(64
)
 
(4
)
 
(4
)
 
(72
)
Balance at March 28, 2015
$
(582
)
 
$
77

 
$
(129
)
 
$
(634
)

Amounts reclassified from accumulated other comprehensive losses in the three months ended March 28, 2015 and March 29, 2014 were as follows:
 
Amounts Reclassified from Accumulated Other Comprehensive Losses
 
 
 
For the Three Months Ended
 
 
Details about Accumulated Other Comprehensive Losses Components
March 28,
2015
 
March 29,
2014
 
Affected Line Item in
the Statement Where
Net Income is Presented
 
(in millions)
 
 
Derivative hedging losses / (gains)
 
 
 
 
 
Commodity contracts
$
2

 
$
5

 
Cost of sales
Foreign exchange contracts
(8
)
 
(8
)
 
Cost of sales
Foreign exchange contracts
(60
)
 
(16
)
 
Interest and other expense, net
Interest rate contracts
3

 
3

 
Interest and other expense, net
Total before tax
(63
)
 
(16
)
 
Earnings before income taxes
Tax benefit
23

 
6

 
Provision for income taxes
Total net of tax
$
(40
)
 
$
(10
)
 
Net earnings
 
 
 
 
 
 
Postemployment benefit plan adjustments
 
 
 
 
 
Amortization of prior service credits
$
(6
)
 
$
(6
)
 
(1) 
Total before tax
(6
)
 
(6
)
 
Earnings before income taxes
Tax benefit
2

 
2

 
Provision for income taxes
Total net of tax
$
(4
)
 
$
(4
)
 
Net earnings
(1)
These accumulated other comprehensive losses components are included in the computation of net periodic pension and postretirement health care costs. See Note 8, Postemployment Benefit Plans, for additional information.