Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 123

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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 194 184 323 Total Balance1,245 1,412 2,437 2,686 Total net sales$6,352 $6,476 $12,351 $12,887 

The net sales by platform for the three and six months ended June 29, 2024 presented in the table above has been corrected to conform to our previously disclosed platform definitions. The update had no impact on net sales or on the condensed consolidated financial statements and we do not believe they are material to the condensed consolidated financial statements.

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Note 17.  Other Financial Data

Condensed Consolidated Statements of Income InformationOther expense/(income) consists of the following (in millions):For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Amortization of postemployment benefit plans prior service costs/(credits)$(2)$(1)$(4)$(4)Net pension and postretirement non-service cost/(benefit)(a)(21)(33)(52)(63)Loss/(gain) on sale of business— (1)— 79 Interest income(28)(17)(51)(33)Foreign exchange losses/(gains)146 (8)204 (35)Derivative losses/(gains)(138)9 (191)48 Other miscellaneous expense/(income)(4)(4)(4)— Other expense/(income)$(47)$(55)$(98)$(8)(a)    Excludes amortization of postemployment benefit plans prior service costs/(credits). We present all non-service cost components of net pension cost/(benefit) and net postretirement cost/(benefit) within other expense/(income) on our condensed consolidated statements of income. See Note 10, Postemployment Benefits, for additional information on these components, including any curtailments and settlements, as well as information on our prior service costs/(credits) amortization. See Note 11, Financial Instruments, for information related to our derivative impacts.Other expense/(income) was $47 million of income for the three months ended June 28, 2025 compared to $55 million of income for the three months ended June 29, 2024. This change was primarily driven by a $146 million net foreign exchange loss in the second quarter of 2025 compared to a $8 million net foreign