Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 170

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 2
Chunk 170
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U.S. dollars) based on the legally available exchange rate at which we expect to settle the underlying transactions. Exchange gains and losses from the remeasurement of monetary assets and liabilities are reflected in other expense/(income) on our condensed consolidated statements of income, as nonmonetary currency devaluation, rather than accumulated other comprehensive income/(losses) on our condensed consolidated balance sheets, until such time as the economy is no longer considered highly inflationary. See Note 2, Significant Accounting Policies, to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 28, 2024, for additional information. We apply highly inflationary accounting to the results of our subsidiaries in Venezuela, Turkey, and Egypt, which are all in Emerging Markets.

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Net Sales:

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024(in millions)Net sales:North America$4,757 $4,921 $9,245 $9,749 International Developed Markets897 885 1,714 1,740 Emerging Markets698 670 1,392 1,398 Total net sales$6,352 $6,476 $12,351 $12,887 

Organic Net Sales:

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024(in millions)Organic Net Sales(a):North America$4,761 $4,921 $9,276 $9,749 International Developed Markets866 885 1,706 1,740 Emerging Markets701 652 1,429 1,352 Total Organic Net Sales$6,328 $6,458 $12,411 $12,841 

(a)    Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section at the end of this item. 

Drivers of the changes in net sales and Organic Net Sales for the three months ended June 28, 2025 compared to the three months ended June 29, 2024 were:

Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/MixFor the Three Months EndedNorth America(3.3)%(0