Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 39

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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March 29, 2025March 30, 2024Before Tax AmountTaxNet of Tax AmountBefore Tax AmountTaxNet of Tax AmountForeign currency translation adjustments$309 $— $309 $(156)$— $(156)Net deferred gains/(losses) on net investment hedges(79)19 (60)98 (24)74 Amounts excluded from the effectiveness assessment of net investment hedges9 (2)7 12 (2)10 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)(9)2 (7)(12)3 (9)Net deferred gains/(losses) on cash flow hedges26 (6)20 (4)12 8 Amounts excluded from the effectiveness assessment of cash flow hedges(1)— (1)(7)5 (2)Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)(77)19 (58)33 (19)14 Amounts excluded from the effectiveness assessment of fair value hedges26 (7)19 — — — Net deferred losses/(gains) on fair value hedges reclassified to net income/(loss)(3)1 (2)— — — Net deferred gains/(losses) on available-for-sale debt securities(1)— (1)— — — Net postemployment benefit losses/(gains) reclassified to net income/(loss)(5)1 (4)(5)1 (4)

20

The amounts reclassified from accumulated other comprehensive income/(losses) were as follows (in millions):Accumulated Other Comprehensive Income/(Losses) Component Reclassified from Accumulated Other Comprehensive Income/(Losses) to Net Income/(Loss)Affected Line Item in the Statements of IncomeFor the Three Months EndedMarch 29, 2025March 30, 2024Losses/(gains) on net investment hedges:Cross-currency contracts(a)$(9)$(12)Interest expenseLosses/(gains) on cash flow hedges:Foreign exchange contracts(b)(9)(1)Cost of products soldForeign exchange contracts(b)— (21)Other expense/(income)Cross-currency contracts(b)(74)44 Other expense/(income)Cross-currency contracts(b)6 8 Interest expenseInterest rate contracts(c