Company: KHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001637459-25-000011
Chunk: 121

Company: Kraft Heinz Co
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 121
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.16 0.05 Unrealized losses/(gains) on commodity hedges(b)(0.01)— 0.04 Impairment losses(c)2.58 0.50 0.70 Certain non-ordinary course legal and regulatory matters(d)— — 0.13 Losses/(gains) on sale of business(e)0.05 — (0.01)Other losses/(gains) related to acquisitions and divestitures(f)— — (0.02)Nonmonetary currency devaluation(g)0.01 0.02 0.01 Debt prepayment and extinguishment (benefit)/costs(h)— — (0.03)Certain significant discrete income tax items(i)(1.84)(0.01)— Adjusted EPS$3.06 $2.98 $2.78 

(a)    Gross expenses/(income) included in restructuring activities were expenses of $20 million ($18 million after-tax) in 2024, $225 million ($193 million after-tax) in 2023 and $74 million ($56 million after-tax) in 2022 and were recorded in the following income statement line items:

•Cost of products sold included expenses of $8 million in 2024, $57 million in 2023 and $27 million in 2022;

•SG&A included expenses of $19 million in 2024, $3 million in 2023, and $47 million in 2022; and

•Other expense/(income) included income of $7 million in 2024 and expenses of $165 million in 2023. The 2024 income and 2023 expenses primarily relate to the settlement of one of our U.K. defined benefit pension plans. See Note 11, Postemployment Benefits, in Item 8, Financial Statements and Supplementary Data, for additional information.

(b)    Gross expenses/(income) included in unrealized losses/(gains) on commodity hedges were income of $19 million ($15 million after-tax) in 2024, expenses of $1 million ($1 million after-tax) in 2023 and expenses of $63 million ($48 million after-tax) in 2022 and were recorded in cost of products sold.

(c)    Gross impairment losses included the following:

•Goodwill impairment losses of $1.6 billion ($