Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 84

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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12

Note 10.  Postemployment Benefits

See our consolidated financial statements and related notes in our Annual Report on Form 10-K for the year ended December 28, 2024 for additional information on our postemployment-related accounting policies.Pension PlansComponents of Net Pension Cost/(Benefit):Net pension cost/(benefit) consisted of the following (in millions):For the Three Months EndedU.S. PlanNon-U.S. PlansMarch 29, 2025March 30, 2024March 29, 2025March 30, 2024Service cost$— $— $1 $2 Interest cost33 34 14 14 Expected return on plan assets(49)(49)(21)(21)Amortization of prior service costs/(credits)— — 1 — Amortization of unrecognized losses/(gains)— — 3 3 Net pension cost/(benefit)$(16)$(15)$(2)$(2)We present all non-service cost components of net pension cost/(benefit) within other expense/(income) on our condensed consolidated statements of income.Employer Contributions:Related to our non-U.S. pension plans, we contributed $1 million during the three months ended March 29, 2025 and plan to make further contributions of approximately $5 million during the remainder of 2025. We did not contribute to our U.S. pension plan during the three months ended March 29, 2025 and do not plan to make contributions during the remainder of 2025. Estimated future contributions take into consideration current economic conditions, which at this time are expected to have minimal impact on expected contributions for the remainder of 2025. Our actual contributions and plans may change due to many factors, including changes in tax, employee benefit, or other laws and regulations, tax deductibility, significant differences between expected and actual pension asset performance or interest rates, or other factors.Postretirement PlansComponents of Net Postretirement Cost/(Benefit):Net postretirement cost/(benefit) consisted of the following (in millions):For the Three Months EndedMarch 29, 2025March 30, 2024Service cost$1 $1 Interest cost7 8 Expected return on plan assets(12)(14)Amortization of prior service costs/(credits)(3)(3)Amortization of unrecognized losses/(gains)(6)(5)Net postretirement cost/(