Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 146

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 146
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 subsidiary issuer of the KHFC Senior Notes) (together, the “Obligor Group”), on a combined basis after the elimination of all intercompany balances and transactions between the Parent Guarantor and subsidiary issuer and investments in any subsidiary that is a non-guarantor.

Summarized Statement of Income

For the Six Months EndedJune 28, 2025Net sales$7,889 Gross profit(a)2,984 Intercompany service fees and other recharges2,126 Operating income/(loss)497 Equity in earnings/(losses) of subsidiaries(6,994)Net income/(loss)(7,112)Net income/(loss) attributable to common shareholders(7,112)

(a)    For the six months ended June 28, 2025, the Obligor Group recorded $243 million of net sales to the non-guarantor subsidiaries and $30 million of purchases from the non-guarantor subsidiaries.

Summarized Balance Sheets

June 28, 2025December 28, 2024ASSETSCurrent assets$5,597 $4,506 Current assets due from affiliates(a)242 445 Non-current assets5,874 5,848 Goodwill8,823 8,823 Intangible assets, net1,824 1,881 Non-current assets due from affiliates(b)28 28 LIABILITIESCurrent liabilities$5,205 $5,563 Current liabilities due to affiliates(a)1,474 1,924 Non-current liabilities21,479 22,846 Non-current liabilities due to affiliates(b)211 194 

(a)    Represents receivables and short-term lending due from and payables and short-term lending due to non-guarantor subsidiaries.

(b)    Represents long-term lending due from and long-term borrowings due to non-guarantor subsidiaries.

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Commodity Trends

We purchase and use large quantities of commodities, including dairy products, meats, coffee beans, sugar and other sweeteners, tomatoes, edible oils, eggs, wheat products, and fruits and vegetables to manufacture our products. In addition, we purchase and use significant quantities of plastics, resins, cardboard, glass and paper to package our products, and we use electricity, diesel fuel, and natural gas in the manufacturing and distribution of our products. We continuously monitor global supply and cost trends of these commodities.

During the six months ended June 28