Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 114

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 estimates regarding our future plans, as well as industry, economic, and regulatory conditions, and to consider the market multiples of certain peer and guideline companies. These assumptions and estimates include estimated future annual cash flows, income tax considerations, discount rates, long-term growth rates, royalty rates, contributory asset charges, and other market factors. If current expectations of future growth rates and margins are not met, if market factors outside of our control change; such as discount rates, market capitalization, income tax rates, foreign currency exchange rates, or inflation, or if management’s expectations or plans otherwise change, including updates to our long-term operating plans, then one or more of our brands might become impaired in the future. Additionally, any decisions to divest certain non-strategic assets could lead to future intangible asset impairments.

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Definite-lived intangible assets:Definite-lived intangible assets were (in millions): September 27, 2025December 28, 2024GrossAccumulatedAmortizationNetGrossAccumulatedAmortizationNetTrademarks$2,367 $(989)$1,378 $2,392 $(893)$1,499 Customer-related assets3,700 (1,661)2,039 3,665 (1,530)2,135 Other12 (5)7 13 (4)9 $6,079 $(2,655)$3,424 $6,070 $(2,427)$3,643 At September 27, 2025, definite-lived intangible assets excluded amounts classified as held for sale due to the Italy Infant Transaction. See Note 5, Acquisitions and Divestitures, for additional information on amounts held for sale.Amortization expense for definite-lived intangible assets was $61 million for the three months and $184 million for the nine months ended September 27, 2025, and $62 million for the three months and $191 million for the nine months ended September 28, 2024. Aside from amortization expense, the change in definite-lived intangible assets from December 28, 2024 to September 27, 2025 is primarily related to amounts reclassified to assets held for sale, the impact of foreign currency, and non-cash intangible asset impairment losses of $11 million recognized in the second quarter of 2025 related to two definite-lived intangible assets within our International Developed Markets segment.

We estimate