The Kraft Heinz Company KHC North America — Impairment losses
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Where this comes from
Reported directly by The Kraft Heinz Company in its filing.
Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill.
The source filing: The Kraft Heinz Company’s 10-K, filed February 13, 2025.
- Filed
- Feb 13, 2025
- Fiscal year
- FY2024
- Accession
- 0001637459-25-000011
We performed our Q3 2022 Annual Impairment Test as of June 26, 2022, which was our first day of the third quarter of 2022. As a result of our Q3 2022 Annual Impairment Test we recognized a non-cash impairment loss of $67 million in SG&A in the third quarter of 2022 related to two brands, Jet Puffed and Plasmon. We utilized the relief from royalty method under the income approach to estimate the fair values and recorded non-cash impairment losses of $50 million in our North America segment and $17 million in our International Developed Markets segment, consistent with ownership of the trademarks. The impairment of these brands was primarily due to reduced revenue growth assumptions.
Item 8. Financial Statements and Supplementary Data.
FAQ
- What is The Kraft Heinz Company's north america — impairment losses?
- The Kraft Heinz Company (KHC) reported north america — impairment losses of $50M in Q3 2022.
- What does north america — impairment losses mean?
- The aggregate of all write-downs taken against the carrying value of assets within the North American segment, including both tangible and intangible assets. This represents a comprehensive measure of asset value erosion due to market changes, obsolescence, or poor performance.
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