Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 101

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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 dogs.Each platform is assigned a role within our business to help inform our resource allocation and investment decisions, which are made at the operating segment level. These roles include: Accelerate, Protect, and Balance. Our Accelerate role contains platforms that are expected to have high growth potential, generate higher gross margins, and are in markets in which we have higher market share. Our Protect role contains platforms that are expected to have moderate growth potential, tend to generate higher gross margins, and are in markets in which we have higher market share. Our Balance role contains platforms that include commodity-heavy categories with relatively flat growth potential but help us to maintain our brand footprint.

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Net sales by platform were (in millions):For the Three Months EndedMarch 29, 2025March 30, 2024ACCELERATETaste Elevation$2,669 $2,803 Easy Ready Meals1,018 1,116 Substantial Snacking395 443 Total Accelerate4,082 4,362 PROTECTDesserts223 241 Hydration502 534 Total Protect725 775 BALANCECheese400 413 Coffee220 221 Meats473 511 Other99 129 Total Balance1,192 1,274 Total net sales$5,999 $6,411 

Note 17.  Other Financial Data

Condensed Consolidated Statements of Income InformationOther expense/(income) consists of the following (in millions):For the Three Months EndedMarch 29, 2025March 30, 2024Amortization of postemployment benefit plans prior service costs/(credits)$(2)$(3)Net pension and postretirement non-service cost/(benefit)(a)(31)(30)Loss/(gain) on sale of business— 80 Interest income(23)(16)Foreign exchange losses/(gains)58 (27)Derivative losses/(gains)(53)39 Other miscellaneous expense/(income)— 4 Other expense/(income)$(51)$47 (a)    Excludes amortization of postemployment benefit plans prior service costs/(credits). We present all non-service cost components of net pension cost/(benefit) and net postretirement cost/(benefit) within other expense/(income) on our condensed consolidated statements of income. See Note 10, Postemployment Benefits, for additional information on these components, including any curtailments and settlements, as well as information