Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 35

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 gains reported in accumulated other comprehensive income/(losses) during the next 12 months on foreign exchange cash flow hedges to be approximately $15 million and on cross-currency cash flow hedges to be insignificant.

15

Derivative Impact on the Statements of Comprehensive Income:The following table presents the pre-tax amounts of derivative gains/(losses) deferred into accumulated other comprehensive income/(losses) and the income statement line item that will be affected when reclassified to net income/(loss) (in millions):Accumulated Other Comprehensive Income/(Losses) ComponentGains/(Losses) Recognized in Other Comprehensive Income/(Losses) Related to Derivatives Designated as Hedging InstrumentsLocation of Gains/(Losses) When Reclassified to Net Income/(Loss)For the Three Months EndedMarch 29, 2025March 30, 2024Cash flow hedges:Foreign exchange contracts$(10)$19 Cost of products soldForeign exchange contracts (excluded component)(1)(4)Cost of products soldForeign exchange contracts (1)— SG&AForeign exchange contracts— 21 Other expense/(income)Foreign exchange contracts (excluded component)— (3)Other expense/(income)Cross-currency contracts43 (36)Other expense/(income)Cross-currency contracts(6)(8)Interest expenseNet investment hedges:Cross-currency contracts(30)74 Other expense/(income)Cross-currency contracts (excluded component)9 12 Interest expenseFair value hedges:Foreign exchange contracts (excluded component)(3)— Other expense/(income)Cross-currency contracts (excluded component)29 — Other expense/(income)Total gains/(losses) recognized in statements of comprehensive income$30 $75 

16

Derivative Impact on the Statements of Income:The following tables present the pre-tax amounts of derivative gains/(losses) recorded to net income/(loss) and the affected income statement line items (in millions):For the Three Months EndedMarch 29, 2025March 30, 2024Cost of products soldInterest expenseOther expense/(income)Cost of products soldInterest expenseOther expense/(income)Total amounts presented in the condensed consolidated statements of income in which the following effects were recorded$3,935 $229 $(51)$4,168 $226 $47 Gains/(losses) related to derivatives designated as hedging instruments:Cash flow hedges:(a)