Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 124

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 124
---
(0.4) ppKraft Heinz(6.4)%(1.6) pp(0.1) pp(4.7)%0.9 pp(5.6) pp

41

The Kraft Heinz Company

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

(dollars in millions)

(Unaudited)

For the Three Months EndedMarch 29, 2025March 30, 2024Operating income/(loss)$1,196 $1,302 Restructuring activities4 (3)Unrealized losses/(gains) on commodity hedges(1)(34)Adjusted Operating Income$1,199 $1,265 

42

The Kraft Heinz Company

Reconciliation of Diluted EPS to Adjusted EPS

(Unaudited)

For the Three Months EndedMarch 29, 2025March 30, 2024Diluted EPS$0.59 $0.66 Restructuring activities(a)0.01 — Unrealized losses/(gains) on commodity hedges(b)— (0.02)Losses/(gains) on sale of business(c)— 0.05 Nonmonetary currency devaluation(d)0.01 — Certain significant discrete income tax items(e)0.01 — Adjusted EPS$0.62 $0.69 

(a)    Gross expenses/(income) included in restructuring activities was expense of $4 million ($3 million after-tax) for the three months ended March 29, 2025 and income of $3 million ($2 million after-tax) for the three months ended March 30, 2024 and were recorded in the following income statement line items:

•Cost of products sold included income of $2 million for the three months ended March 29, 2025 and expenses of $1 million for the three months ended March 30, 2024; and

•SG&A included expenses of $6 million for the three months ended March 29, 2025 and income of $4 million for the three months ended March 30, 2024.

(b)    Gross expenses/(income) included in unrealized losses/(gains) on commodity hedges were income of $1 million ($1 million after-tax) for the three months ended March 29, 2025 and income of $34 million ($26 million after-tax) for the