Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 36

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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$15 $— $— $5 $— $27 Foreign exchange contracts (excluded component)(1)— — (4)— 3 Cross-currency contracts— (11)235 — (15)(58)Net investment hedges: (a)Cross-currency contracts (excluded component)— 25 — — 24 — Fair Value hedges:Foreign exchange contracts— — 31 — — — Cross-currency contracts— — (87)— — (7)Cross-currency contracts (excluded component)(b)— — 3 — — — Hedged items(b)— — 56 — — 7 Gains/(losses) related to derivatives not designated as hedging instruments:Commodity contracts(5)— — 2 — — Foreign exchange contracts— — 7 — — 9 Interest rate contracts(c)— — — — — (3)Cross-currency contracts— — 2 — — (19)Total gains/(losses) recognized in statements of income$9 $14 $247 $3 $9 $(41)(a)    Represents the pre-tax amounts of derivative gains/(losses) reclassified from accumulated other comprehensive income/(losses) to net income/(loss).(b)    Represents the pre-tax amounts of the hedged items gains/(losses) in fair value hedges.(c)    Represents recognition of realized hedge losses resulting from the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring.Non-Derivative Impact on Statements of Comprehensive Income:Related to our non-derivative foreign currency denominated debt instruments designated as net investment hedges, we recognized pre-tax losses of $86 million for the three months and $135 million for the six months ended June 28, 2025 and pre-tax gains of $7 million for the three months and $31 million for the six months ended June 29, 2024. These amounts were recognized in other comprehensive income/(loss).Available-for-sale securities:We invest in certain marketable fixed-income debt securities that are classified as available-for-sale. Our available-for-sale securities are reported at fair value based on pricing models and quoted market prices adjusted for credit and non-performance risk. Highly liquid