Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 107

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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10)Emerging Markets(a)(4)— (5)— General corporate expenses4 1 7 3 $4 $(7)$18 $(8)

(a)    Emerging Markets represents the aggregation of our WEEM and AEM operating segments.

Note 7.  Inventories

Inventories consisted of the following (in millions):September 27, 2025December 28, 2024Packaging and ingredients$869 $950 Spare parts257 245 Work in process320 310 Finished products2,084 1,871 Inventories$3,530 $3,376 

At September 27, 2025, inventories excluded amounts classified as held for sale. See Note 5, Acquisitions and Divestitures, for additional information.

10

Note 8.  Goodwill and Intangible Assets

Goodwill:Changes in the carrying amount of goodwill, by segment, were (in millions):North AmericaInternational Developed MarketsEmerging MarketsTotalBalance at December 28, 2024$26,232 $2,134 $307 $28,673 Impairment losses(a)(5,875)(854)— (6,729)Translation adjustments and other33 184 6 223 Balance at September 27, 2025$20,390 $1,464 $313 $22,167 (a)    Includes $35 million of impairment losses within our International Developed Markets segment related to goodwill attributable to the Italy Infant Disposal Group that was determined to be fully impaired. See Note 5, Acquisitions and Divestitures, for additional information related to the Italy Infant Transaction and its financial statement impact.Q3 2025 Goodwill Impairment TestingAs of the first day of the third quarter of 2025, certain organizational changes occurred that resulted in a change to the reporting unit composition within our North America segment. Our six North America reporting units — Taste Elevation, Ready Meals and Snacking (“TMS”), Hydration & Desserts (“HD”), Meat & Cheese (“MC”), Away from Home & Kraft Heinz Ingredients (“AFH”), Canada and North America Coffee (“CNAC”), and Other North America — were reorganized into five reporting units: Elevation; Hydration, Desserts, & Meals (“HDM”); Meat, Cheese, Coffee, & Snacks (“MCCS”); Canada; and Other North America.As