KHC · 10-Q · 2026Q2 · Full report

New Accounting Standards

Kraft Heinz Co · 2026-08-05 · Importance 28 · Surprise 42

The Financial Accounting Standards Board issued ASU 2024-03, requiring additional interim and annual disaggregation of expense categories related to cost of sales and selling, general, and administrative expenses. The standard applies for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. FASB also issued ASU 2025-06 clarifying capitalization, subsequent measurement, presentation, and disclosure of internal-use software costs. That standard applies for fiscal years beginning after December 15, 2027, and Kraft Heinz is evaluating the effects of both standards on its financial statements and disclosures.

Key facts

• The company operates on a 52- or 53-week fiscal year; the 2026 fiscal year is scheduled to be a 52-week period ending on December 26, 2026. source