Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 120

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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 10,959 11,489 Emerging Markets698 670 1,392 1,398 Total net sales$6,352 $6,476 $12,351 $12,887 Segment Adjusted Operating Income was (in millions):For the Three Months EndedJune 28, 2025June 29, 2024North AmericaInternational Developed MarketsTotalNorth AmericaInternational Developed MarketsTotalNet Sales$4,757 $897 $4,921 $885 Adjusted Cost of Products Sold(a)3,060 633 3,047 624 Other segment items(b)524 128 533 135 Segment Adjusted Operating Income$1,173 $136 $1,309 $1,341 $126 $1,467 Emerging Markets100 66 General corporate expenses(133)(153)Restructuring activities— (3)Unrealized gains/(losses) on commodity hedges16 (1)Impairment losses(9,266)(854)Operating income/(loss)(7,974)522 Interest expense240 229 Other expense/(income)(47)(55)Income/(loss) before income taxes$(8,167)$348 (a)    Adjusted Cost of Products Sold is defined as cost of products sold 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 until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, and certain non-ordinary course legal and regulatory matters.(b)    Other segment items for North America and International Developed Markets includes SG&A, primarily for marketing and advertising expenses, employee compensation-related expenses, amortization of definite-lived intangible assets, and research and development costs.

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For the Six Months EndedJune 28, 2025June 29, 2024North AmericaInternational Developed MarketsTotalNorth AmericaInternational Developed MarketsTotalNet Sales$9,245 $1,714 $9,749 $1,740 Adjusted Cost of Products Sold(a)5,931 1,201 6,123 1,211 Other segment items(b)1,040 250 1,070 267 Segment Adjusted Operating Income$2,274 $263 $2,537 $2,556