Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 213

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 2
Chunk 213
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5 pp(2.3) ppEmerging Markets0.9 %(4.0) pp(0.5) pp5.4 %4.5 pp0.9 ppKraft Heinz(3.5)%(0.4) pp0.0 pp(3.1)%0.8 pp(3.9) pp

52

The Kraft Heinz Company

Reconciliation of Operating Income/(Loss) to Adjusted Operating Income

(dollars in millions)

(Unaudited)

For the Three Months EndedFor the Nine Months EndedSeptember 27, 2025September 28, 2024September 27, 2025September 28, 2024Operating income/(loss)$1,025 $(101)$(5,753)$1,723 Restructuring activities6 — 10 — Unrealized losses/(gains) on commodity hedges23 3 6 (30)Impairment losses35 1,428 9,301 2,282 Separation costs17 — 17 — Adjusted Operating Income$1,106 $1,330 $3,581 $3,975 

53

The Kraft Heinz Company

Reconciliation of Diluted EPS to Adjusted EPS

(Unaudited)

For the Three Months EndedFor the Nine Months EndedSeptember 27, 2025September 28, 2024September 27, 2025September 28, 2024Diluted EPS$0.52 $(0.24)$(5.47)$0.50 Restructuring activities(a)— — 0.01 — Unrealized losses/(gains) on commodity hedges(b)0.02 — — (0.02)Impairment losses(c)0.03 0.99 7.30 1.69 Separation costs(d)0.01 — 0.01 — Losses/(gains) on sale of business(e)0.04 — 0.04 0.05 Nonmonetary currency devaluation(f)— — 0.02 — Certain significant discrete income tax items(g)(0.01)— 0.01 — Adjusted EPS$0.61 $0.75 $1.92 $2.22 

(a)    Gross expenses/(income)