Company: KHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001637459-25-000011
Chunk: 94

Company: Kraft Heinz Co
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 94
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 pp(6.1) ppEmerging Markets5.4 %(6.6) pp(0.2) pp(1.7) pp13.9 %10.9 pp3.0 ppKraft Heinz0.6 %(0.9) pp(0.1) pp(1.8) pp3.4 %8.9 pp(5.5) pp

32

Adjusted Operating Income:

December 28, 2024December 30, 2023December 31, 2022 (in millions)Segment Adjusted Operating Income:North America$5,111 $5,050 $4,735 International Developed Markets537 522 522 Emerging Markets321 376 319 General corporate expenses(609)(651)(587)Restructuring activities(27)(60)(74)Deal costs— — (9)Unrealized gains/(losses) on commodity hedges19 (1)(63)Impairment losses(3,669)(662)(999)Certain non-ordinary course legal and regulatory matters— (2)(210)Operating income/(loss)1,683 4,572 3,634 Interest expense912 912 921 Other expense/(income)(85)27 (253)Income/(loss) before income taxes$856 $3,633 $2,966 

North America:

2024 Compared to 20232023 Compared to 2022December 28, 2024December 30, 2023% ChangeDecember 30, 2023December 31, 2022% Change(in millions)(in millions)Net sales$19,543 $20,126 (2.9)%$20,126 $20,340 (1.0)%Organic Net Sales(a)19,570 20,126 (2.8)%20,191 19,983 1.0 %Segment Adjusted Operating Income5,111 5,050 1.2 %5,050 4,735 6.7 %

(a)     Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section at the end of this item. 

Fiscal Year 2024 Compared to Fiscal Year 2023:

Net sales decreased 2.9% to $19.5 billion in 2024 compared to $