Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 46

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 Earnings Per Share

Our earnings per common share (“EPS”) were:For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024 (in millions, except per share data)Basic Earnings Per Common Share:Net income/(loss) attributable to common shareholders$(7,824)$102 $(7,112)$903 Weighted average shares of common stock outstanding1,185 1,212 1,190 1,213 Net earnings/(loss)$(6.60)$0.08 $(5.98)$0.74 Diluted Earnings Per Common Share:Net income/(loss) attributable to common shareholders$(7,824)$102 $(7,112)$903 Weighted average shares of common stock outstanding1,185 1,212 1,190 1,213 Effect of dilutive equity awards— 4 — 6 Weighted average shares of common stock outstanding, including dilutive effect1,185 1,216 1,190 1,219 Net earnings/(loss)$(6.60)$0.08 $(5.98)$0.74 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 14 million for the three and six months ended June 28, 2025 and 7 million for the three months and 6 million for the six months ended June 29, 2024.

Note 16.  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, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses