shares of common stock issued , in treasury , and outstanding were ( in thousands of shares ) : .
note 13 . financing arrangements we routinely enter into accounts receivable securitization and factoring programs . we account for transfers of receivables pursuant to these programs as a sale and remove them from our consolidated balance sheet . at december 31 , 2016 , our most significant program in place was the u.s . securitization program , which was amended in may 2016 and originally entered into in october of 2015 . under the program , we are entitled to receive cash consideration of up to $ 800 million ( which we elected to reduce to $ 500 million , effective february 21 , 2017 ) and a receivable for the remainder of the purchase price ( the 201cdeferred purchase price 201d ) . this securitization program utilizes a bankruptcy- remote special-purpose entity ( 201cspe 201d ) . the spe is wholly-owned by a subsidiary of kraft heinz and its sole business consists of the purchase or acceptance , through capital contributions of receivables and related assets , from a kraft heinz subsidiary and subsequent transfer of such receivables and related assets to a bank . although the spe is included in our consolidated financial statements , it is a separate legal entity with separate creditors who will be entitled , upon its liquidation , to be satisfied out of the spe's assets prior to any assets or value in the spe becoming available to kraft heinz or its subsidiaries . the assets of the spe are not available to pay creditors of kraft heinz or its subsidiaries . this program expires in may 2017 . in addition to the u.s . securitization program , we have accounts receivable factoring programs denominated in australian dollars , new zealand dollars , british pound sterling , euros , and japanese yen . under these programs , we generally receive cash consideration up to a certain limit and a receivable for the deferred purchase price . there is no deferred purchase price associated with the japanese yen contract . related to these programs , our aggregate cash consideration limit , after applying applicable hold-backs , was $ 245 million u.s . dollars at december 31 , 2016 . generally , each of these programs automatically renews annually until terminated by either party . the cash consideration and carrying amount of receivables removed from the consolidated balance sheets in connection with the above programs were $ 904 million at december 31 , 2016 and $ 267 million at january 3 , 2016 . the fair value of the deferred purchase price for the programs was $ 129 million at december 31 , 2016 and $ 583 million at january 3 , 2016 . the deferred purchase price is included in sold receivables on the consolidated balance sheets and had a carrying value which approximated its fair value at december 31 , 2016 and january 3 , 2016 . the proceeds from these sales are recognized on the consolidated statements of cash flows as a component of operating activities . we act as servicer for these arrangements and have not recorded any servicing assets or liabilities for these arrangements as of december 31 , 2016 and january 3 , 2016 because they were not material to the financial statements. .
Shares Issued Treasury Shares Shares Outstanding
Balance at December 29, 2013 376,832 — 376,832
Exercise of stock options, issuance of other stock awards, and other 178 — 178
Balance at December 28, 2014 377,010 — 377,010
Exercise of warrants 20,480 — 20,480
Issuance of common stock to Sponsors 221,666 — 221,666
Acquisition of Kraft Foods Group, Inc. 592,898 — 592,898
Exercise of stock options, issuance of other stock awards, and other 2,338 (413) 1,925
Balance at January 3, 2016 1,214,392 (413) 1,213,979
Exercise of stock options, issuance of other stock awards, and other 4,555 (2,058) 2,497
Balance at December 31, 2016 1,218,947 (2,471) 1,216,476
shares issued treasury shares shares outstanding
balance at december 29 2013 376832 2014 376832
exercise of stock options issuance of other stock awards and other 178 2014 178
balance at december 28 2014 377010 2014 377010
exercise of warrants 20480 2014 20480
issuance of common stock to sponsors 221666 2014 221666
acquisition of kraft foods group inc . 592898 2014 592898
exercise of stock options issuance of other stock awards and other 2338 -413 ( 413 ) 1925
balance at january 3 2016 1214392 -413 ( 413 ) 1213979
exercise of stock options issuance of other stock awards and other 4555 -2058 ( 2058 ) 2497
balance at december 31 2016 1218947 -2471 ( 2471 ) 1216476