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

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 cost/(benefit) consisted of the following (in millions):For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Service cost$— $— $1 $1 Interest cost8 8 15 16 Expected return on plan assets(11)(14)(23)(28)Amortization of prior service costs/(credits)(3)(2)(6)(5)Amortization of unrecognized losses/(gains)(7)(6)(13)(11)Net postretirement cost/(benefit)$(13)$(14)$(26)$(27)We present all non-service cost components of net postretirement cost/(benefit) within other expense/(income) on our condensed consolidated statements of income.Employer Contributions:During the six months ended June 28, 2025, we contributed $6 million to our postretirement benefit plans. We plan to make further contributions of approximately $5 million to our postretirement benefit plans during the remainder of 2025. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for the remainder of 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual postretirement plan asset performance or interest rates, or other factors.

Note 11.  Financial Instruments

See our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 28, 2024 for additional information on our overall risk management strategies, our use of derivatives, and our related accounting policies.Derivative Volume:The notional values of our outstanding derivative instruments were (in millions):Notional AmountJune 28, 2025December 28, 2024Commodity contracts$1,101 $1,152 Foreign exchange contracts3,808 3,067 Cross-currency contracts6,361 7,449 

15

Fair Value of Derivative Instruments:The fair values and the levels within the fair value hierarchy of derivative instruments recorded on the condensed consolidated balance sheets were (in millions):June 28, 2025Quoted Prices in Active Markets for Identical Assets and Liabilities(Level 1)Significant Other Observable Inputs (Level 2)Total Fair