Analysis of Debt

Kraft Heinz Co., balance sheet: debt

US$ in millions

	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
Commercial paper and other short-term debt	6)	21)	460)	645)	4)
Current portion of long-term debt	1,022)	377)	2,743)	2,046)	79)
Long-term debt, excluding current portion	28,216)	30,770)	28,333)	29,713)	25,151)
Total debt (carrying amount)	29,244)	31,168)	31,536)	32,404)	25,234)

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Debt item	Description	The company
Total debt (carrying amount)	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Kraft Heinz Co. total debt decreased from 2017 to 2018 and from 2018 to 2019.

	Dec 28, 2019
Selected Financial Data (US$ in millions)
Total debt (fair value)	31,100)
Financial Ratio
Debt, fair value to carrying amount ratio	1.06

Weighted-average interest rate on debt: 6.44%

Interest rate	Debt amount¹	Interest rate × Debt amount
4.88%	971)	47)
7.13%	24,127)	1,719)
2.25%	2,834)	64)
3.02%	382)	12)
6.25%	170)	11)
4.13%	519)	21)
5.50%	48)	3)
3.40%	187)	6)
Total	29,238)	1,883)
6.44%

¹ US$ in millions

² Weighted-average interest rate = 100 × 1,883 ÷ 29,238 = 6.44%

Kraft Heinz Co. (NASDAQ:KHC)