The Kraft Heinz Company sells packaged food and condiment brands including Kraft macaroni and cheese, Heinz ketchup, Oscar Mayer meats and Philadelphia cream cheese, formed through the 2015 merger of Kraft Foods and H.J. Heinz. Its portfolio consists largely of long-established, widely recognized food brands that have been household staples for decades, sold primarily through grocery and retail channels across North America and internationally. The company has faced pressure in recent years from shifting consumer preferences toward fresher, less processed foods and from private-label store brands competing on price against its packaged food products. Kraft Heinz's profitability is sensitive to input costs like commodity food ingredients and packaging materials, and the company has periodically taken impairment charges reflecting reduced valuations of some of its older, slower-growing brands.