Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 51

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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/(benefit)(a)(21)(33)(52)(63)Loss/(gain) on sale of business— (1)— 79 Interest income(28)(17)(51)(33)Foreign exchange losses/(gains)146 (8)204 (35)Derivative losses/(gains)(138)9 (191)48 Other miscellaneous expense/(income)(4)(4)(4)— Other expense/(income)$(47)$(55)$(98)$(8)(a)    Excludes amortization of postemployment benefit plans prior service costs/(credits). We present all non-service cost components of net pension cost/(benefit) and net postretirement cost/(benefit) within other expense/(income) on our condensed consolidated statements of income. See Note 10, Postemployment Benefits, for additional information on these components, including any curtailments and settlements, as well as information on our prior service costs/(credits) amortization. See Note 11, Financial Instruments, for information related to our derivative impacts.Other expense/(income) was $47 million of income for the three months ended June 28, 2025 compared to $55 million of income for the three months ended June 29, 2024. This change was primarily driven by a $146 million net foreign exchange loss in the second quarter of 2025 compared to a $8 million net foreign exchange gain in the second quarter of 2024, and a $12 million decrease in non-cash net pension and postretirement non-service benefits in the second quarter of 2025 compared to the second quarter of 2024. These negative impacts on other expense/(income) were partially offset by a $138 million net gain on derivative activities in the second quarter of 2025 compared to a $9 million net loss on derivative activities in the second quarter of 2024, and a $11 million increase in interest income in the second quarter of 2025 compared to the second quarter of 2024.Other expense/(income) was $98 million of income for the six months ended June 28, 2025 compared to $8 million of income for the six months ended June 29, 2024. This change was primarily driven by a $191 million net gain on derivative activities in 2025 compared to a $48 million net loss on derivative activities in 2024, a $79 million loss on the sale of business in 2024, and a $18 million increase