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"Carrying value of our KHC investment at both Dec2019 and Dec2018 = $13.8 BB. We received dividends on KHC common of $521 M in 2019, $814 M in 2018 & $797 M in 2017, which we recorded as reductions in our carrying value."

This "which we recorded as reductions in our carrying value" is how I remember equity method working. So, why is carrying value unched @ Dec2019 and Dec2018? Just not getting this ...

also:
At Dec2019, our KHC carrying value exceeded the fair value (market price) by $3.3 BB (24%). We evaluated our KHC investment for impairment ... we concluded that recognition of an impairment loss in earnings was not required.
aka "Yes, Virginia, you CAN put the ketchup back in the bottle."
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