Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 47

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, and certain non-ordinary course legal and regulatory matters. Segment Adjusted Operating Income is a financial measure that assists our CODM in comparing our performance on a consistent basis by removing the impact of certain items that our CODM believes do not directly reflect our underlying operations. Our CODM also considers monthly budget-to-actual variances and year-over-year performance of Segment Adjusted Operating Income when making decisions about allocating resources to our segments. Our CODM does not use assets by segment to evaluate performance or allocate resources. Therefore, we do not disclose assets by segment.Emerging Markets represents the aggregation of our WEEM and AEM operating segments. Segment Adjusted Operating Income for WEEM and AEM is the measure reported to our chief operating decision maker for purposes of making decisions about allocating resources to these operating segments and assessing their performance.

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Net sales by segment were (in millions):For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Net sales:North America$4,757 $4,921 $9,245 $9,749 International Developed Markets897 885 1,714 1,740 Total segment net sales5,654 5,806 10,959 11,489 Emerging Markets698 670 1,392 1,398 Total net sales$6,352 $6,476 $12,351 $12,887 Segment Adjusted Operating Income was (in millions):For the Three Months EndedJune 28, 2025June 29, 2024North AmericaInternational Developed MarketsTotalNorth AmericaInternational Developed MarketsTotalNet Sales$4,757 $897 $4,921 $885 Adjusted Cost of Products Sold(a)3,060 633 3,047 624 Other segment items(b)524 128 533 135 Segment Adjusted Operating Income$1,173 $136 $1,309 $1,341 $126 $1,467 Emerging Markets100 66 General corporate expenses(133)(153)Restructuring activities— (3)Unrealized gains/(losses) on commodity hedges16 (1)Impairment losses(9,266)(854)Operating income