克罗格 2026年季度报告

The accompanying notes are an integral part of the Consolidated Financial Statements. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS All amounts in the Notes to the Unaudited Consolidated Financial Statements are in millions except pershare amounts. 1.ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying financial statements include the consolidated accounts of The Kroger Co., itswholly-owned subsidiaries and other consolidated entities. The January 31, 2026 balance sheet wasderived from audited financial statements and, due to its summary nature, does not include all disclosuresrequired by generally accepted accounting principles (“GAAP”). Significant intercompany transactions In the opinion of management, the accompanying unaudited Consolidated Financial Statementsinclude adjustments, all of which are of a normal, recurring nature that are necessary for a fair statement ofresults of operations for such periods but should not be considered as indicative of results for a full year.The financial statements have been prepared by the Company pursuant to the rules and regulations of theSecurities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally The unaudited information in the Consolidated Financial Statements for the first quarters ended May23, 2026 and May 24, 2025 includes the results of operations of the Company for the 16-week periods thenended. Fair Value Measurements Fair value measurements are classified and disclosed in one of the following three categories: Level 1 – Quoted prices are available in active markets for identical assets or liabilities; Level 2 – Pricing inputs are other than quoted prices in active markets included in Level 1, which areeither directly or indirectly observable; or Level 3 – Unobservable pricing inputs in which little or no market activity exists, therefore requiringan entity to develop its own assumptions about the assumptions that market participants would use in The Company records cash and temporary cash investments, store deposits in-transit, receivables,prepaid and other current assets, accounts payable, accrued salaries and wages and other current liabilities The fair value of certain financial instruments, measured using Level 1 inputs, was $128 and $142 asof May 23, 2026 and January 31, 2026, respectively, and is included in “Other assets” in the Company’sConsolidated Balance Sheets. An unrealized loss for these Level 1 investments of approximately $14 and Refer to Note 2 for the disclosure of debt instrument fair values. 2.DEBT OBLIGATIONS Long-term debt consists of: The fair value of the Company’s long-term debt, including current maturities, was estimated based onLevel 2 quoted market prices for the same or similar issues adjusted for illiquidity based on availablemarket evidence. If quoted market prices were not available, the fair value was based upon the net presentvalue of the future cash flow using the forward interest rate yield curve in effect at May 23, 2026 andJanuary 31, 2026. At May 23, 2026, the fair value of total debt was $14,159 compared to a carrying value In the first quarter of 2026, the Company repaid $500of senior notes bearing an interest rate of3.5%using cash on hand. As of May 23, 2026 and January 31, 2026, Other debt consisted primarily of a financial obligationrelated to a sale transaction for properties that did not qualify for sale-leaseback accounting treatment in 3.BENEFIT PLANS The following table provides the components of net periodic benefit cost for the company-sponsoreddefined benefit pension plans and other postretirement benefit plans for the first quarters of 2026 and 2025: The Company is not required to make any significant contributions to its company-sponsored pensionplans in 2026 but may make contributions to the extent such contributions are beneficial to the Company.The Company did not make any significant contributions to its company-sponsored pension plans in the The Company contributed $114 and $109 to employee 401(k)retirement savings accounts in the firstquarters of 2026 and 2025, respectively. 4.EARNINGS PER COMMON SHARE Net earnings attributable to The Kroger Co. per basic common share equals net earnings attributable toThe Kroger Co. less income allocated to participating securities divided by the weighted-average numberof common shares outstanding. Net earnings attributable to The Kroger Co. per diluted common shareequals net earnings attributable to The Kroger Co. less income allocated to participating securities divided The Company had combined undistributed and distributed earnings to participating securities totaling$6 in both the first quarters of 2026 and 2025. The Company had options outstanding for approximately 2 million and 1 million shares during thefirst quarters of 2026 and 2025, respectively, that were excluded from the computations of net earnings per 5.COMMITMENTS AND CONTINGENCIES The