Company: KHC
Filing Date: 2025-06-23
Form Type: 11-K
Source: 0001637459-25-000121
Chunk: 14

Company: Kraft Heinz Co
Filing Date: 2025-06-23
Form: 11-K
Chunk 14
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 | $                               | 293,722 |

The following is a summary of the investment income/(loss) for the Master Trust for the year ended December 31, 2024 (in thousands):

| Interest and dividends                                       |     | $ |  14,943 |
| Net appreciation/(depreciation) in fair value of investments |     |   | 401,084 |
| Investment income/(loss)                                     |     | $ | 416,027 |
| Plan’s interest therein                                      |     | $ |  28,275 |

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NOTES TO THE FINANCIAL STATEMENTS</div>

(7) FAIR VALUE MEASUREMENTS:

Investments of the Master Trust are reported at fair value with the exception of fully benefit-responsive investment contracts, which are presented at contract value. The Plan’s interest in the Master Trust is reported at estimated fair value based upon the fair values of the underlying investments held within the Master Trust with the exception of fully benefit-responsive investment contracts, which are presented at contract value. The guidance establishes a fair value hierarchy, which requires the Plan and the Master Trust to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The hierarchy places the highest priority on unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurements) and gives the lowest priority to unobservable inputs (Level 3 measurements). The three levels of inputs within the fair value hierarchy are defined as follows:

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Plan and the Master Trust have the ability to access as of the measurement date.

Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3: Significant unobservable inputs that reflect the Plan’s and the Master Trust’s own assumptions about the assumptions that market participants would use in pricing an asset or liability.

In some cases, a valuation technique used to measure fair value may include inputs from multiple levels of the fair value hierarchy. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.

Transfers between hierarchy measurement levels are recognized by the Plan as of the beginning of the reporting period.

The following descriptions of the valuation methods and assumptions used by the Plan to estimate the fair values of investments