Company: KHC
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001308179-25-000266
Chunk: 60

Company: Kraft Heinz Co
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 60
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 constant at the previous year’s exchange rate, with the exception of highly inflationary subsidiaries, for which the Company calculates the previous year’s results using the current year’s exchange rate.

|                       | Net Sales |     | Currency |     | Acquisitions 
          and 
 Divestitures |     |   Organic 
 Net Sales |
| December 28, 2024     |   $25,846 |     |   $(115) |     |          $12 |     |   $25,949 |
| December 30, 2023     |   $26,640 |     |      $77 |     |          $67 |     |   $26,496 |
| Year-over-year change |     -3.0% |     |          |     |              |     |     -2.1% |

| 112 | 2025 Proxy Statement |

| Company  
 Overview |     | Voting  
 Roadmap |     | Stockholder 
 Engagement  |     | Our   
 Board |     | Governance |     | Director     
 Compensation |     | Beneficial 
 Ownership  |     | Executive    
 Compensation |     | Audit   
 Matters |     | Stockholder 
 Proposals   |     | Other       
 Information |     | Appendix A. 
 Non-GAAP    |

ADJUSTED OPERATING INCOME Adjusted Operating Income is defined as operating income/(loss) excluding, when they occur, the impacts of restructuring activities, deal costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses 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.

| Reconciliation of Operating                
 Income/(Loss) to Adjusted Operating Income 
 (dollars in millions)                      
 (Unaudited)                                |

| For                                    
 the Year Ended                         | December 
 28, 2024 | December 
 30, 2023 | December 
 31, 2022 | December 
 25, 2021 | December 
 26, 2020 |
|:---------------------------------------|---------:|---------:|---------:|---------:|---------:|
| Operating                              
 income/(loss)                          |    1,683 |    4,572 |    3,634 |    3,460 |    2,128 |
| Restructuring activities               |       27 |       60 |