XML 62 R47.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies - Additional Information (Detail)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Dec. 17, 2015
Oct. 01, 2015
Dec. 31, 2015
USD ($)
Country
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2015
USD ($)
Country
Dec. 31, 2015
USD ($)
Country
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Jul. 02, 2015
Oct. 01, 2012
Summary Of Significant Accounting Policies [Line Items]                                
Number of countries in which products are sold | Country                       165        
Change in accounting policy effect of change on net revenue                       $ 78   $ 37    
Change in accounting policy effect of change on operating results                       37   6    
After-tax equity method investment net earnings     $ (72) [1] $ 72 [1]               56 [2] $ 113 [2] 107 [2]    
Loss on deconsolidation     (778)                 (778)        
Net revenues     $ 7,364 $ 6,849 $ 7,661 $ 7,762 $ 8,830 $ 8,337 $ 8,436 $ 8,641   29,636 34,244 [3] 35,299 [3]    
Operating income                       $ 8,897 3,242 3,971    
Number of countries in which entity operates | Country     80               80 80        
Uncommitted revolving non-recourse accounts receivable factoring arrangements, maximum combined capacity     $ 820               $ 820 $ 820        
Losses on receivables sold under combined facilities                       (3) (2)      
Outstanding principal amount of receivables sold under combined facilities     $ 570       $ 211       $ 570 570 211      
Advertising expense                       1,542 1,552 1,721    
Research and development expense                       $ 409 $ 455 $ 471    
Minimum likelihood of tax benefits being recognized upon ultimate settlement     50.00%               50.00% 50.00%        
Jacobs Douwe Egberts                                
Summary Of Significant Accounting Policies [Line Items]                                
Equity method investment, ownership percentage                             43.50%  
Minimum                                
Summary Of Significant Accounting Policies [Line Items]                                
Equity method investment, ownership percentage     40.00%       40.00%       40.00% 40.00% 40.00% 40.00%    
Maximum                                
Summary Of Significant Accounting Policies [Line Items]                                
Equity method investment, ownership percentage     50.00%       50.00%       50.00% 50.00% 50.00% 50.00%    
After-tax equity method investment net earnings                     $ 1          
Machinery and Equipment | Minimum                                
Summary Of Significant Accounting Policies [Line Items]                                
Useful life, in years                       3 years        
Machinery and Equipment | Maximum                                
Summary Of Significant Accounting Policies [Line Items]                                
Useful life, in years                       20 years        
Buildings and Building Improvements | Maximum                                
Summary Of Significant Accounting Policies [Line Items]                                
Useful life, in years                       40 years        
Software | Maximum                                
Summary Of Significant Accounting Policies [Line Items]                                
Useful life, in years                       7 years        
North America And Europe                                
Summary Of Significant Accounting Policies [Line Items]                                
Discount rate   6.80%                            
Latin America, Asia Pacific, and EEMEA                                
Summary Of Significant Accounting Policies [Line Items]                                
Discount rate   9.80%                            
Argentina                                
Summary Of Significant Accounting Policies [Line Items]                                
Net revenues                       $ 755        
Percentage of consolidated net revenues                       2.50%        
Operating income                       $ 45        
Percentage of consolidated operating income                       0.50%        
Kraft Foods Group                                
Summary Of Significant Accounting Policies [Line Items]                                
Percentage of shares divested                               100.00%
Argentina, Pesos                                
Summary Of Significant Accounting Policies [Line Items]                                
Devalued percentage against US Dollar 36.00%                              
[1] Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. As the after-tax equity method investment net earnings for the six months ended December 31, 2015 was less than $1 million, this line item is not shown on our consolidated statement of earnings. Pre-tax earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.
[2] Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015, $113 million for the year ended December 31, 2014 and $107 million for the year ended December 31, 2013. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.
[3] During 2014, we realigned some of our products across product categories and as such, we reclassified the product category net revenues on a basis consistent with the 2015 presentation.