Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 136

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 Share

Our earnings per common share (“EPS”) were:For the Three Months EndedFor the Nine Months EndedSeptember 27, 2025September 28, 2024September 27, 2025September 28, 2024 (in millions, except per share data)Basic Earnings Per Common Share:Net income/(loss) attributable to common shareholders$615 $(290)$(6,497)$613 Weighted average shares of common stock outstanding1,184 1,210 1,188 1,212 Net earnings/(loss)$0.52 $(0.24)$(5.47)$0.51 Diluted Earnings Per Common Share:Net income/(loss) attributable to common shareholders$615 $(290)$(6,497)$613 Weighted average shares of common stock outstanding1,184 1,210 1,188 1,212 Effect of dilutive equity awards2 — — 5 Weighted average shares of common stock outstanding, including dilutive effect1,186 1,210 1,188 1,217 Net earnings/(loss)$0.52 $(0.24)$(5.47)$0.50 We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 5 million for the three months and 13 million for the nine months ended September 27, 2025 and 15 million for the three months and 6 million for the nine months ended September 28, 2024.

Note 17.  Segment Reporting

We manage our operating results through four operating segments: North America, Europe and Pacific Developed Markets (“EPDM” or “International Developed Markets”), West and East Emerging Markets (“WEEM”), and Asia Emerging Markets (“AEM”). We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets.Our chief operating decision maker (“CODM”), Carlos Abrams-Rivera, Chief Executive Officer, evaluates segment performance based on several factors, including net sales and Segment Adjusted Operating Income. Segment Adjusted Operating Income is defined as operating income/(loss) excluding, when they occur, the impacts of restructuring activities, deal costs, separation costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded