Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 138

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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)Separation costs(17)— Operating income/(loss)1,025 (101)Interest expense240 230 Other expense/(income)(22)(48)Income/(loss) before income taxes$807 $(283)(a)    Adjusted Cost of Products Sold is defined as cost of products sold excluding, when they occur, the impacts of restructuring activities, deal costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, separation costs, and certain non-ordinary course legal and regulatory matters.(b)    Other segment items for North America and International Developed Markets includes SG&A, primarily for marketing and advertising expenses, employee compensation-related expenses, amortization of definite-lived intangible assets, and research and development costs.

31

For the Nine Months EndedSeptember 27, 2025September 28, 2024North AmericaInternational Developed MarketsTotalNorth AmericaInternational Developed MarketsTotalNet Sales$13,886 $2,609 $14,575 $2,622 Adjusted Cost of Products Sold(a)9,012 1,841 9,193 1,840 Other segment items(b)1,582 375 1,589 385 Segment Adjusted Operating Income$3,292 $393 $3,685 $3,793 $397 $4,190 Emerging Markets278 232 General corporate expenses(382)(447)Restructuring activities(10)— Unrealized gains/(losses) on commodity hedges(6)30 Impairment losses(9,301)(2,282)Separation costs(17)— Operating income/(loss)(5,753)1,723 Interest expense709 685 Other expense/(income)(120)(56)Income/(loss) before income taxes$(6,342)$1,094 (a)    Adjusted Cost of Products Sold is defined as cost of products sold excluding, when they occur, the impacts of restructuring activities, deal costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, separation costs, and certain non-ordinary course legal and regulatory matters.(b)    Other