Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 83

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 83
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 of Operating Income/(Loss) to Adjusted Operating Income

(dollars in millions)

(Unaudited)

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Operating income/(loss)$(7,974)$522 $(6,778)$1,824 Restructuring activities— 3 4 — Unrealized losses/(gains) on commodity hedges(16)1 (17)(33)Impairment losses9,266 854 9,266 854 Adjusted Operating Income$1,276 $1,380 $2,475 $2,645 

50

The Kraft Heinz Company

Reconciliation of Diluted EPS to Adjusted EPS

(Unaudited)

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Diluted EPS$(6.60)$0.08 $(5.98)$0.74 Restructuring activities(a)0.01 — 0.01 — Unrealized losses/(gains) on commodity hedges(b)(0.01)— (0.01)(0.02)Impairment losses(c)7.28 0.70 7.26 0.70 Losses/(gains) on sale of business(d)— — — 0.05 Nonmonetary currency devaluation(e)0.01 — 0.02 — Certain significant discrete income tax items(f)— — 0.01 — Adjusted EPS$0.69 $0.78 $1.31 $1.47 

(a)    Gross expenses/(income) included in restructuring activities was expenses of $10 million ($7 million after-tax) for the three months and expenses of $14 million ($10 million after-tax) for the six months ended June 28, 2025 and expense of $2 million ($2 million after-tax) for the three months and income of $1 million (zero after-tax) for the six months ended June 29, 2024 and were recorded in the following income statement line items:

•Cost of products sold included expenses of $1 million for the three months and income of $1 million