Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 48

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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/(loss)(7,974)522 Interest expense240 229 Other expense/(income)(47)(55)Income/(loss) before income taxes$(8,167)$348 (a)    Adjusted Cost of Products Sold is defined as cost of products sold excluding, when they occur, the impacts of restructuring activities, deal costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, and certain non-ordinary course legal and regulatory matters.(b)    Other segment items for North America and International Developed Markets includes SG&A, primarily for marketing and advertising expenses, employee compensation-related expenses, amortization of definite-lived intangible assets, and research and development costs.

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For the Six Months EndedJune 28, 2025June 29, 2024North AmericaInternational Developed MarketsTotalNorth AmericaInternational Developed MarketsTotalNet Sales$9,245 $1,714 $9,749 $1,740 Adjusted Cost of Products Sold(a)5,931 1,201 6,123 1,211 Other segment items(b)1,040 250 1,070 267 Segment Adjusted Operating Income$2,274 $263 $2,537 $2,556 $262 $2,818 Emerging Markets199 148 General corporate expenses(261)(321)Restructuring activities(4)— Unrealized gains/(losses) on commodity hedges17 33 Impairment losses(9,266)(854)Operating income/(loss)(6,778)1,824 Interest expense469 455 Other expense/(income)(98)(8)Income/(loss) before income taxes$(7,149)$1,377 (a)    Adjusted Cost of Products Sold is defined as cost of products sold excluding, when they occur, the impacts of restructuring activities, deal costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, and certain non-ordinary course legal and regulatory matters.(b)    Other segment items for North America and International Developed Markets includes SG&A, primarily for marketing and advertising expenses, employee compensation-related expenses, amort