Kraft Heinz is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years,

The Chicago-based maker of Heinz ketchup and Kraft mac and cheese told Reuters the need to offset tariff costs factored into its decision.

The upgrades will help lower costs by making the plants more efficient, which in turn may help offset President Donald Trump's tariffs.