Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 98

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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 to be approximately $625 million. The lease will commence upon completion of construction of the facility which is now expected to be in the later part of 2027. The term of the lease is five years after commencement. At the end of the lease term, we will be required to either purchase the facility or, in the event that option is not elected, to remarket the facility. Upon lease commencement, the lease classification, right-of-use asset, and lease liability will be determined and recorded. The lease arrangement contains a residual value guarantee of 100% of the total construction cost. The construction agreement and lease contain covenants that are consistent with our Senior Credit Facility.

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Note 15.  Earnings Per Share

Our earnings per common share (“EPS”) were:For the Three Months EndedMarch 29, 2025March 30, 2024 (in millions, except per share data)Basic Earnings Per Common Share:Net income/(loss) attributable to common shareholders$712 $801 Weighted average shares of common stock outstanding1,194 1,214 Net earnings/(loss)$0.60 $0.66 Diluted Earnings Per Common Share:Net income/(loss) attributable to common shareholders$712 $801 Weighted average shares of common stock outstanding1,194 1,214 Effect of dilutive equity awards4 9 Weighted average shares of common stock outstanding, including dilutive effect1,198 1,223 Net earnings/(loss)$0.59 $0.66 We use the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted EPS. Anti-dilutive shares were 6 million for the three months ended March 29, 2025 and 6 million for the three months ended March 30, 2024.

Note 16.  Segment Reporting

We manage our operating results through four operating segments: North America, Europe and Pacific Developed Markets (“EPDM” or “International Developed Markets”), West and East Emerging Markets (“WEEM”), and Asia Emerging Markets (“AEM”). We have two reportable segments defined by geographic region: North America and International Developed Markets. Our remaining operating segments, consisting of WEEM and AEM, are combined and disclosed as Emerging Markets.Our chief operating decision maker (“CODM”), Carlos Abrams-Rivera, Chief Executive Officer, evaluates segment performance based on several factors, including net sales and Segment Adjusted Operating Income