Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 49

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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:(a)Foreign exchange contracts$16 $— $— $9 $— $(12)Foreign exchange contracts (excluded component)(1)— — (5)— 6 Cross-currency contracts— (12)229 — (21)23 Net investment hedges: (a)Foreign exchange contracts (excluded component)— 1 — — 1 — Cross-currency contracts (excluded component)— 32 — — 34 — Fair Value hedges:(b)Foreign exchange contracts— — 17 — — — Cross-currency contracts— — (59)— — (63)Cross-currency contracts (excluded component)(a)— — 6 — — — Hedged items— — 42 — — 63 Gains/(losses) related to derivatives not designated as hedging instruments:Commodity contracts(39)— — (4)— — Foreign exchange contracts— — (8)— — 9 Interest rate contracts(c)— — — — — (3)Cross-currency contracts— — 9 — — (6)Total gains/(losses) recognized in statements of income$(24)$21 $236 $— $14 $17 (a)    Represents the pre-tax amounts of derivative gains/(losses) reclassified from accumulated other comprehensive income/(losses) to net income/(loss).(b)    Represents the pre-tax amounts of the hedged items gains/(losses) in fair value hedges.(c)    Represents recognition of realized hedge losses resulting from the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring.Non-Derivative Impact on Statements of Comprehensive Income:Related to our non-derivative foreign currency denominated debt instruments designated as net investment hedges, we recognized pre-tax losses of $5 million for the three months and $140 million for the nine months ended September 27, 2025 and pre-tax losses of $66 million for the three months and $35 million for the nine months ended September 28, 2024. These amounts were recognized in other comprehensive income/(loss).Available-for-sale securities:We invest in certain marketable fixed-income debt securities that are classified as available-for-sale. Our available-for