Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 37

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 investments with maturities of 90 days or less are included in cash and cash equivalents on our condensed consolidated balance sheets. Investments with maturities of greater than 90 days but less than 12 months are presented as marketable securities on our condensed consolidated balance sheets. We did not hold any investments with maturities exceeding 12 months. We classify our investments in commercial paper, corporate bonds, and U.S. treasury and agency securities as Level 2 as such investments are valued through consultation and evaluation with brokers in the institutional market using quoted prices and other observable market data.Unrealized holding gains/(losses) are deferred into accumulated other comprehensive income/(losses) until the security is settled or sold. We evaluate whether losses related to our available-for-sale debt securities are due to credit or non-credit factors, which includes an assessment of the financial condition of the issuer and our ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery. Credit-related losses are recognized through other expense/

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(income) in the period incurred, and non-credit related losses are deferred into accumulated other comprehensive income/(losses) until they are sold.The following table presents our available-for-sale debt securities’ amortized cost basis, fair value and unrealized gains and losses by significant investment category (in millions):June 28, 2025Amortized Cost Basis(a)Gross Unrealized GainsGross Unrealized LossesEstimated Fair ValueDebt securities:Corporate bonds$292 $— $— $292 Commercial paper669 — (1)668 U.S. treasury and agency51 — — 51 Total$1,012 $— $(1)$1,011 (a)    Amortized cost basis excludes approximately $3 million of accrued interest.We purchased approximately $1.6 billion in corporate bonds, commercial paper, and U.S. treasury and agency securities and received approximately $568 million in proceeds from maturity of corporate bonds, commercial paper, and U.S. treasury and agency securities for the six months ended June 28, 2025. During the same period, no investments in corporate bonds, commercial paper, and U.S. treasury and agency securities were sold prior to maturity. We recognized no direct write-off’s or allowances for credit losses in earnings for the three and six months ended June 28, 2025. Cash flows related to the purchases and sale/maturity of these marketable securities are classified