Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 145

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 145
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 a non-guarantor.

Summarized Statement of Income

For the Three Months EndedMarch 29, 2025Net sales$3,864 Gross profit(a)1,467 Intercompany service fees and other recharges1,018 Operating income/(loss)279 Equity in earnings/(losses) of subsidiaries728 Net income/(loss)712 Net income/(loss) attributable to common shareholders712 

(a)    For the three months ended March 29, 2025, the Obligor Group recorded $118 million of net sales to the non-guarantor subsidiaries and $15 million of purchases from the non-guarantor subsidiaries.

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Summarized Balance Sheets

March 29, 2025December 28, 2024ASSETSCurrent assets$6,789 $4,506 Current assets due from affiliates(a)220 445 Non-current assets5,823 5,848 Goodwill8,823 8,823 Intangible assets, net1,853 1,881 Non-current assets due from affiliates(b)28 28 LIABILITIESCurrent liabilities$3,949 $5,563 Current liabilities due to affiliates(a)978 1,924 Non-current liabilities22,919 22,846 Non-current liabilities due to affiliates(b)199 194 

(a)    Represents receivables and short-term lending due from and payables and short-term lending due to non-guarantor subsidiaries.

(b)    Represents long-term lending due from and long-term borrowings due to non-guarantor subsidiaries.

Commodity Trends

We purchase and use large quantities of commodities, including dairy products, meats, coffee bean, sugar and other sweeteners, tomatoes, edible oils, wheat products, eggs, and fruits and vegetables to manufacture our products. In addition, we purchase and use significant quantities of plastics, cardboard, resins, glass and paper to package our products, and we use electricity, diesel fuel, and natural gas in the manufacturing and distribution of our products. We continuously monitor global supply and cost trends of these commodities.

During the three months ended March 29, 2025, we experienced stabilized commodity costs for tomato products, sugar and other sweeteners, fruits and vegetables, and wheat products, while coffee, cheese and dairy, meat, and eggs costs increased and commodity costs for edible oils decreased. We manage commodity cost volatility primarily through pricing and