Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Kraft Heinz Co., consolidated balance sheet: assets

US$ in millions

	Dec 28, 2019	Dec 29, 2018	Dec 30, 2017	Dec 31, 2016	Dec 31, 2015
Cash and cash equivalents	2,279)	1,130)	1,629)	4,204)	4,837)
Trade receivables, net of allowances	1,973)	2,129)	921)	769)	871)
Sold receivables	—)	—)	353)	129)	583)
Income taxes receivable	173)	152)	582)	260)	—)
Inventories	2,721)	2,667)	2,815)	2,684)	2,618)
Prepaid expenses	384)	400)	345)	—)	—)
Other current assets	445)	1,221)	621)	707)	871)
Assets held for sale	122)	1,376)	—)	—)	—)
Current assets	8,097)	9,075)	7,266)	8,753)	9,780)
Property, plant and equipment, net	7,055)	7,078)	7,120)	6,688)	6,524)
Goodwill	35,546)	36,503)	44,824)	44,125)	43,051)
Intangible assets, net	48,652)	49,468)	59,449)	59,297)	62,120)
Other non-current assets	2,100)	1,337)	1,573)	1,617)	1,498)
Non-current assets	93,353)	94,386)	112,966)	111,727)	113,193)
Total assets	101,450)	103,461)	120,232)	120,480)	122,973)

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Kraft Heinz Co. current assets increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Kraft Heinz Co. property, plant and equipment, net decreased from 2017 to 2018 and from 2018 to 2019.
Non-current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Kraft Heinz Co. non-current assets decreased from 2017 to 2018 and from 2018 to 2019.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Kraft Heinz Co. total assets decreased from 2017 to 2018 and from 2018 to 2019.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Kraft Heinz Co. cash and cash equivalents decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Trade receivables, net of allowances	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Kraft Heinz Co. trade receivables, net of allowances increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Kraft Heinz Co. inventories decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.

Kraft Heinz Co. (NASDAQ:KHC)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items