Kraft Heinz Co. (KHC)

Kraft Heinz’s revenues are primarily derived from customer orders for the purchase of the products. Kraft Heinz recognizes revenues as performance obligations are fulfilled when control passes to the customers. Kraft Heinz records revenues net of variable consideration, including consumer incentives and performance obligations related to trade promotions, excluding taxes, and including all shipping and handling charges billed to customers (accounting for shipping and handling charges that occur after the transfer of control as fulfillment costs). Kraft Heinz also records a refund liability for estimated product returns and customer allowances as reductions to revenues within the same period that the revenue is recognized. Kraft Heinz bases these estimates principally on historical and current period experience factors. Kraft Heinz recognizes costs paid to third party brokers to obtain contracts as expenses as the contracts are generally less than one year.

Source: 10-K (filing date: 2019-06-07).

Kraft Heinz Co., Income Statement, Revenues

US$ in millions

	12 months ended	Dec 29, 2018		Dec 30, 2017		Dec 31, 2016		Dec 31, 2015
	Condiments and sauces
	Cheese and dairy
	Ambient meals
	Frozen and chilled foods
	Meats and seafood
	Refreshment beverages
	Coffee
	Infant and nutrition
	Desserts, toppings and baking
	Nuts and salted snacks
	Other
	Net sales

Based on: 10-K (filing date: 2019-06-07), 10-K (filing date: 2018-02-16), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-03-03).