Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 97

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 97
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27, 2025September 28, 2024Diluted EPS$0.52 $(0.24)$(5.47)$0.50 Restructuring activities(a)— — 0.01 — Unrealized losses/(gains) on commodity hedges(b)0.02 — — (0.02)Impairment losses(c)0.03 0.99 7.30 1.69 Separation costs(d)0.01 — 0.01 — Losses/(gains) on sale of business(e)0.04 — 0.04 0.05 Nonmonetary currency devaluation(f)— — 0.02 — Certain significant discrete income tax items(g)(0.01)— 0.01 — Adjusted EPS$0.61 $0.75 $1.92 $2.22 

(a)    Gross expenses/(income) included in restructuring activities were expenses of $4 million ($1 million after-tax) for the three months and $18 million ($9 million after-tax) for the nine months ended September 27, 2025 and income of $7 million ($5 million after-tax) for the three months and $8 million ($6 million after-tax) for the nine months ended September 28, 2024 and were recorded in the following income statement line items:

•Cost of products sold included expenses of $2 million for the three months and $1 million for the nine months ended September 27, 2025 and expenses of $2 million for the nine months ended September 28, 2024; and

•SG&A included expenses of $4 million for the three months and $9 million for the nine months ended September 27, 2025 and income of $2 million for the nine months ended September 28, 2024.

•Other expense/(income) included income of $2 million for the three months and expenses of $8 million for the nine months ended September 27, 2025 and income of $7 million for the three months and $8 million for the nine months ended September 28, 2024

(b)    Gross expenses/(income) included in unrealized losses/(gains) on commodity hedges were expenses of $23 million ($18 million after-tax) for the three months and $6 million ($5 million after-tax)