Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 164

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 164
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 a supplemental indenture to the applicable indenture; and (ii) the Parent Guarantor has delivered to the trustee an officer’s certificate and an opinion of counsel, each stating that all conditions precedent provided for in the applicable indenture have been complied with. The Guarantee is limited by its terms to an amount not to exceed the maximum amount that can be guaranteed by the Parent Guarantor without rendering the Guarantee voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally.

The following tables present summarized financial information for the Parent Guarantor and KHFC (as subsidiary issuer of the KHFC Senior Notes) (together, the “Obligor Group”), on a combined basis after the elimination of all intercompany balances and transactions between the Parent Guarantor and subsidiary issuer and investments in any subsidiary that is a non-guarantor.

Summarized Statement of Income

For the Nine Months EndedSeptember 27, 2025Net sales$11,834 Gross profit(a)4,363 Intercompany service fees and other recharges3,108 Operating income/(loss)758 Equity in earnings/(losses) of subsidiaries(6,421)Net income/(loss)(6,497)Net income/(loss) attributable to common shareholders(6,497)

(a)    For the nine months ended September 27, 2025, the Obligor Group recorded $363 million of net sales to the non-guarantor subsidiaries and $46 million of purchases from the non-guarantor subsidiaries.

46

Summarized Balance Sheets

September 27, 2025December 28, 2024ASSETSCurrent assets$4,895 $4,506 Current assets due from affiliates(a)147 445 Non-current assets5,689 5,848 Goodwill8,823 8,823 Intangible assets, net1,796 1,881 Non-current assets due from affiliates(b)28 28 LIABILITIESCurrent liabilities$4,757 $5,563 Current liabilities due to affiliates(a)1,548 1,924 Non-current liabilities21,266 22,846 Non-current liabilities due to affiliates(b)206 194 

(a)    Represents receivables and short-term lending due from and payables and short-term lending due to non-guarantor subsidiaries.

(b)    Represents long-term lending due from and long-term borrowings