KHC · 8-K · 20260805PR000052

Liquidity and Debt Position

Kraft Heinz Co · 2026-08-05 · Importance 66 · Surprise 40 · From source text

Cash and cash equivalents declined to $2,419 million at June 27, 2026, from $2,615 million at December 27, 2025, while marketable securities declined to $262 million from $1,060 million. Current and long-term debt totaled $19,001 million at quarter-end, down from $21,219 million at year-end, including $2,981 million of long-term debt repayments and $1,152 million of new long-term debt issuance during the six months. Operating activities provided $2,088 million of cash, up 8.2% from $1,929 million, primarily because of favorable working-capital changes in accounts payable that were partly offset by higher inventory. The company ended the period with $2,689 million of cash, cash equivalents, and restricted cash after a $2,882 million net use of financing cash.

Key facts

• The Company now expects interest expense for full year 2026 to be approximately $890 million source
• Free Cash Flow Conversion outlook for full year 2026: approximately 110% (updated from prior ~100%) source
• Long-term debt at June 27, 2026: $17,619 million (down from $19,311 million at December 27, 2025) source
• Repayments of long-term debt during six months ended June 27, 2026: $(2,981) million source
• Accounts payable at June 27, 2026: $4,478 million source
• Proceeds from issuance of long-term debt during six months ended June 27, 2026: $1,152 million source
• Year-to-date net cash provided by operating activities was $2,088 million (reported as $2.1 billion), up 8.2% versus prior year source
• Free Cash Flow for the six months ended June 27, 2026: $1,659 million (reported as $1.7 billion), up 10.3% versus prior year source

Impact estimates