Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 59

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 event that option is not elected, to remarket the facility. Upon lease commencement, the lease classification, right-of-use asset, and lease liability will be determined and recorded. The lease arrangement contains a residual value guarantee of 100% of the total construction cost. The construction agreement and lease contain covenants that are consistent with our Senior Credit Facility.

Note 16.  Earnings Per Share

Our earnings per common share (“EPS”) were:For the Three Months EndedFor the Nine Months EndedSeptember 27, 2025September 28, 2024September 27, 2025September 28, 2024 (in millions, except per share data)Basic Earnings Per Common Share:Net income/(loss) attributable to common shareholders$615 $(290)$(6,497)$613 Weighted average shares of common stock outstanding1,184 1,210 1,188 1,212 Net earnings/(loss)$0.52 $(0.24)$(5.47)$0.51 Diluted Earnings Per Common Share:Net income/(loss) attributable to common shareholders$615 $(290)$(6,497)$613 Weighted average shares of common stock outstanding1,184 1,210 1,188 1,212 Effect of dilutive equity awards2 — — 5 Weighted average shares of common stock outstanding, including dilutive effect1,186 1,210 1,188 1,217 Net earnings/(loss)$0.52 $(0.24)$(5.47)$0.50 We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 5 million for the three months and 13 million for the nine months ended September 27, 2025 and 15 million for the three months and 6 million for the nine months ended September 28, 2024.

Note 17.  Segment Reporting

We manage our operating results through four operating segments: North America, Europe and Pacific Developed Markets (“EPDM” or “International Developed Markets”), West and East Emerging Markets (“WEEM”), and Asia Emerging Markets (“AEM”). We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets.Our chief operating decision maker (“CODM”),