Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 110

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 GainsGross Unrealized LossesEstimated Fair ValueDebt securities:Corporate bonds$292 $— $— $292 Commercial paper669 — (1)668 U.S. treasury and agency51 — — 51 Total$1,012 $— $(1)$1,011 (a)    Amortized cost basis excludes approximately $3 million of accrued interest.We purchased approximately $1.6 billion in corporate bonds, commercial paper, and U.S. treasury and agency securities and received approximately $568 million in proceeds from maturity of corporate bonds, commercial paper, and U.S. treasury and agency securities for the six months ended June 28, 2025. During the same period, no investments in corporate bonds, commercial paper, and U.S. treasury and agency securities were sold prior to maturity. We recognized no direct write-off’s or allowances for credit losses in earnings for the three and six months ended June 28, 2025. Cash flows related to the purchases and sale/maturity of these marketable securities are classified in the condensed consolidated statements of cash flows within investing activities.The carrying values of our available-for-sale debt securities were included in the following line items in our condensed consolidated balance sheet (in millions):June 28, 2025Cash and cash equivalents$14 Marketable securities997 Total$1,011 The contractual maturities of these available-for-sale debt securities are all within one-year as of June 28, 2025. We had no available-for-sale debt securities as of December 28, 2024.

21

Note 12.  Accumulated Other Comprehensive Income/(Losses)

The components of, and changes in, accumulated other comprehensive income/(losses), net of tax, were as follows (in millions):Foreign Currency Translation AdjustmentsNet Postemployment Benefit Plan AdjustmentsNet Cash Flow Hedge AdjustmentsNet Fair Value HedgesNet Available-for-Sale Debt SecuritiesTotalBalance as of December 28, 2024$(2,999)$29 $81 $(26)$— $(2,915)Foreign currency translation adjustments993 — — — — 993 Net deferred gains/(losses) on net investment hedges(299)— — — — (299)Amounts excluded from the effectiveness assessment of net investment hedges17 — — — — 17 Net deferred losses/(gains) on net investment hedges