Company: LW
Filing Date: 2025-04-03
Form Type: 10-Q
Source: 0001679273-25-000026
Chunk: 71

Company: Lamb Weston Holdings, Inc.
Filing Date: 2025-04-03
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 1,613.4 1,605.7 $1,520.5 $1,458.3 $4,775.5 $4,855.7 

16

Thirteen Weeks EndedThirty-Nine Weeks Ended(in millions)February 23,2025February 25, 2024 (g)(h)February 23,2025February 25, 2024 (g)(h)Segment Adjusted EBITDANorth America (a)$300.7 $285.9 $843.5 $986.6 International (a)93.2 101.7 191.1 291.5 Total Reportable Segments Adjusted EBITDA393.9 387.6 1,034.6 1,278.1 Unallocated corporate costs (b)(30.1)(44.0)(99.0)(144.7)Depreciation and amortization (c)98.5 80.0 282.4 222.0 Unrealized derivative (gains) losses(5.9)27.3 (11.8)1.6 Foreign currency exchange losses7.0 16.4 17.2 21.8 Blue chip swap transaction gains (d)(0.6)(7.4)(20.5)(14.5)Items impacting comparability:Restructuring Plan expenses (e)10.3 — 169.4 — Shareholder activism expense (f)3.7 — 4.1 — Inventory step-up from acquisition— — — 20.7 Integration and acquisition-related items, net— 2.4 — 11.2 Interest expense, net47.3 35.7 135.8 95.5 Income before income taxes203.5 189.2 359.0 775.1 Income tax expense57.5 43.1 121.7 179.3 Net income$146.0 $146.1 $237.3 $595.8 ___________________________________________(a)The thirteen weeks ended February 23, 2025 include an approximately $9 million benefit ($7 million after-tax) related to the voluntary product withdrawal initiated in the fourth quarter of fiscal 2024. This includes an approximately $6 million benefit ($5 million after-tax)