Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 91

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 28, 2025$11 $3 $14 We expect the majority of the liability for severance and employee benefit costs as of June 28, 2025 to be paid by the end of 2025. The liability for other exit costs primarily relates to lease obligations. The cash impact of these obligations will continue for the duration of the lease terms, which expire in 2026.Total Expenses/(Income):Total expense/(income) related to restructuring activities, by income statement caption, were (in millions):For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Severance and employee benefit costs - Cost of products sold$1 $— $(1)$— Severance and employee benefit costs - SG&A(2)1 4 (5)Severance and employee benefit costs - Other expense/(income)— (1)— (1)Other costs - Cost of products sold— 1 — 2 Other costs - SG&A1 1 1 3 Other costs - Other expense/(income)10 — 10 — $10 $2 $14 $(1)We do not include our restructuring activities within Segment Adjusted Operating Income (as defined in Note 16, Segment Reporting). The pre-tax impact of allocating such expenses/(income) to our segments would have been (in millions):For the Three Months EndedFor the Six Months Ended June 28, 2025June 29, 2024June 28, 2025June 29, 2024North America$11 $1 $15 $(1)International Developed Markets— (1)(3)(2)Emerging Markets(a)(1)— (1)— General corporate expenses— 2 3 2 $10 $2 $14 $(1)

(a)    Emerging Markets represents the aggregation of our WEEM and AEM operating segments.

8

Note 6.  Inventories

Inventories consisted of the following (in millions):June 28, 2025December 28, 2024Packaging and ingredients$846 $950 Spare parts261 245 Work in process263 310 Finished products2,197 1,871 Inventories$3,567 $3,376