Kraft Heinz Co., adjusted current assets

US$ in millions

	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
As Reported
Current assets	8,097)	9,075)	7,266)	8,753)	9,780)
Adjustments
Add: Allowances related to trade accounts receivable	33)	24)	23)	20)	32)
After Adjustment
Adjusted current assets	8,130)	9,099)	7,289)	8,773)	9,812)

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Kraft Heinz Co., adjusted total assets

US$ in millions

	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
As Reported
Total assets	101,450)	103,461)	120,232)	120,480)	122,973)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	568)	417)	383)	591)
Add: Allowances related to trade accounts receivable	33)	24)	23)	20)	32)
Less: Deferred income tax assets²	97)	47)	65)	53)	70)
After Adjustment
Adjusted total assets	101,386)	104,006)	120,607)	120,830)	123,526)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred income tax assets. See details »

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Kraft Heinz Co., adjusted total liabilities

US$ in millions

	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
As Reported
Total liabilities	49,701)	51,683)	53,985)	62,906)	56,737)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	568)	417)	383)	591)
Less: Deferred income tax liabilities²	11,878)	12,202)	14,076)	20,848)	21,497)
Less: Liability balance for Integration Program and restructuring project costs	46)	70)	87)	146)	263)
After Adjustment
Adjusted total liabilities	37,777)	39,979)	40,239)	42,295)	35,568)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities. See details »

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Kraft Heinz Co., adjusted shareholders’ equity

US$ in millions

	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
As Reported
Shareholders’ equity	51,623)	51,657)	66,034)	57,358)	57,685)
Adjustments
Less: Net deferred income tax assets (liabilities)¹	(11,781)	(12,155)	(14,011)	(20,795)	(21,427)
Add: Allowances related to trade accounts receivable	33)	24)	23)	20)	32)
Add: Liability balance for Integration Program and restructuring project costs	46)	70)	87)	146)	263)
Add: Redeemable noncontrolling interest	—)	3)	6)	—)	23)
Add: Noncontrolling interest	126)	118)	207)	216)	208)
After Adjustment
Adjusted total equity	63,609)	64,027)	80,368)	78,535)	79,638)

¹ Net deferred income tax assets (liabilities). See details »

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Kraft Heinz Co., adjusted capitalization table

US$ in millions

	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
As Reported
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 reported debt	29,244)	31,168)	31,536)	32,404)	25,234)
Shareholders’ equity	51,623)	51,657)	66,034)	57,358)	57,685)
Total reported capital	80,867)	82,825)	97,570)	89,762)	82,919)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	568)	417)	383)	591)
Add: Lease liabilities, operating leases, current²	147)	—)	—)	—)	—)
Add: Lease liabilities, operating leases, non-current³	454)	—)	—)	—)	—)
Adjusted total debt	29,845)	31,736)	31,953)	32,787)	25,825)
Adjustments to Equity
Less: Net deferred income tax assets (liabilities)⁴	(11,781)	(12,155)	(14,011)	(20,795)	(21,427)
Add: Allowances related to trade accounts receivable	33)	24)	23)	20)	32)
Add: Liability balance for Integration Program and restructuring project costs	46)	70)	87)	146)	263)
Add: Redeemable noncontrolling interest	—)	3)	6)	—)	23)
Add: Noncontrolling interest	126)	118)	207)	216)	208)
Adjusted total equity	63,609)	64,027)	80,368)	78,535)	79,638)
After Adjustment
Adjusted total capital	93,454)	95,763)	112,321)	111,322)	105,463)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Lease liabilities, operating leases, current. See details »

³ Lease liabilities, operating leases, non-current. See details »

⁴ Net deferred income tax assets (liabilities). See details »

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Kraft Heinz Co., adjusted net income (loss) attributable to Kraft Heinz

US$ in millions

12 months ended:	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
As Reported
Net income (loss) attributable to Kraft Heinz	1,935)	(10,192)	10,999)	3,632)	634)
Adjustments
Add: Deferred income tax expense (benefit)¹	(293)	(1,967)	(6,467)	(29)	(317)
Add: Increase (decrease) in allowances related to trade accounts receivable	9)	1)	3)	(12)	24)
Add: Increase (decrease) in liability balance for Integration Program and restructuring project costs	(24)	(17)	(59)	(117)	184)
Add: Other comprehensive income (loss), net of tax	(72)	(903)	580)	(951)	(123)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	5)	(76)	(3)	16)	(13)
After Adjustment
Adjusted net income (loss)	1,560)	(13,154)	5,053)	2,539)	389)

¹ Deferred income tax expense (benefit). See details »

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Kraft Heinz Co. (NASDAQ:KHC)

Adjustments to Financial Statements