Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 65

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 September 27, 2025 compared to $56 million of income for the nine months ended September 28, 2024. This change was primarily driven by a $194 million net gain on derivative activities in 2025 compared to a $46 million net loss on derivative activities in 2024, a $36 million increase in interest income in 2025 compared to 2024, a $44 million loss on sale of business in 2025 compared to a $78 million loss on the sale of business in 2024, and $4 million of income in other miscellaneous income in 2025 compared to $4 million of expense in other miscellaneous expense in 2024. These positive impacts on other expense/(income) were partially offset by a $209 million net foreign exchange loss in 2025 compared to a $28 million net foreign exchange gain in 2024, and a $17 million decrease in non-cash net pension and postretirement non-service benefits in 2025 compared to 2024.

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Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Overview

Objective:

The following discussion provides an analysis of our financial condition and results of operations from management's perspective and should be read in conjunction with the condensed consolidated financial statements and related notes included in Item 1, Financial Statements, of this Quarterly Report on Form 10-Q. Our objective is to also provide discussion of material events and uncertainties known to management that are reasonably likely to cause reported financial information not to be indicative of future operating results or of future financial condition and to offer information that provides an understanding of our financial condition, results of operations, and cash flows.

Description of the Company: 

We manufacture and market food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, and other grocery products throughout the world.

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.

See Note 17, Segment Reporting, in Item 1, Financial Statements, for our financial information by segment.

Proposed Separation Transaction:

On September 2, 2025, we announced our plan