Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 124

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 124
---
 exchange gain in the second quarter of 2024, and a $12 million decrease in non-cash net pension and postretirement non-service benefits in the second quarter of 2025 compared to the second quarter of 2024. These negative impacts on other expense/(income) were partially offset by a $138 million net gain on derivative activities in the second quarter of 2025 compared to a $9 million net loss on derivative activities in the second quarter of 2024, and a $11 million increase in interest income in the second quarter of 2025 compared to the second quarter of 2024.Other expense/(income) was $98 million of income for the six months ended June 28, 2025 compared to $8 million of income for the six months ended June 29, 2024. This change was primarily driven by a $191 million net gain on derivative activities in 2025 compared to a $48 million net loss on derivative activities in 2024, a $79 million loss on the sale of business in 2024, and a $18 million increase in interest income in 2025 compared to 2024. These positive impacts on other expense/(income) were partially offset by a $204 million net foreign exchange loss in 2025 compared to a $35 million net foreign exchange gain in 2024, and a $11 million decrease in non-cash net pension and postretirement non-service benefits in 2025 compared to 2024.

31

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Overview

Objective:

The following discussion provides an analysis of our financial condition and results of operations from management's perspective and should be read in conjunction with the condensed consolidated financial statements and related notes included in Item 1, Financial Statements, of this Quarterly Report on Form 10-Q. Our objective is to also provide discussion of material events and uncertainties known to management that are reasonably likely to cause reported financial information not to be indicative of future operating results or of future financial condition and to offer information that provides an understanding of our financial condition, results of operations, and cash flows.

Description of the Company: 

We manufacture and market food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, and other grocery products throughout the world.

We manage our operating results through four operating segments: North America, Europe and Pacific Developed Markets (“EPDM” or “International Developed Markets”), West and