Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 36

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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Foreign exchange contracts$10 $— $— $3 $— $21 Foreign exchange contracts (excluded component)(1)— — (2)— — Cross-currency contracts— (6)74 — (8)(44)Net investment hedges:(a)Cross-currency contracts (excluded component)— 9 — — 12 — Fair Value hedges:Cross-currency contracts — — (34)— — — Cross-currency contracts (excluded component)(b)— — 3 — — — Hedged items(b)— — 34 — — — Gains/(losses) related to derivatives not designated as hedging instruments:Commodity contracts(11)— — 9 — — Foreign exchange contracts— — 9 — — 8 Interest rates contracts(c)— — — — — (3)Cross-currency contracts— — 1 — — (21)Total gains/(losses) recognized in statements of income$(2)$3 $87 $10 $4 $(39)(a)    Represents the pre-tax amounts of derivative gains/(losses) reclassified from accumulated other comprehensive income/(losses) to net income/(loss).(b)    Represents the pre-tax amounts of the hedge and hedged items gains/(losses) in fair value hedges.(c)    Represents recognition of realized hedge losses resulting from the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring.Non-Derivative Impact on Statements of Comprehensive Income:Related to our non-derivative foreign currency denominated debt instruments designated as net investment hedges, we recognized pre-tax losses of $49 million for the three months ended March 29, 2025 and pre-tax gains of $24 million for the three months ended March 30, 2024. These amounts were recognized in other comprehensive income/(loss).Available-for-sale securities:We invest in certain marketable fixed-income debt securities that are classified as available-for-sale. Our available-for-sale securities are reported at fair value based on pricing models and quoted market prices adjusted for credit and non-performance risk. Highly liquid investments with maturities of 90 days or less are included in cash and cash equivalents on our condensed consolidated balance sheets. Investments with matur