Mondelez International (MDLZ) 8-K Regulation FD Disclosure

Exhibit 99.1

KRAFT FOODS INC

and Subsidiaries

Segment Realignment - Net Revenues

Quarterly 2007

($ in millions) (Unaudited)

	Q1			Q2			Q3			Q4			Year
2007 Net Revenues - As Reported
North America Beverages	$	826		$	854		$	773		$	782		$	3,235
North America Cheese & Foodservice		1,468			1,540			1,537			1,837			6,382
North America Convenient Meals		1,246			1,274			1,311			1,266			5,097
North America Grocery		623			776			602			698			2,699
North America Snacks & Cereals		1,539			1,618			1,655			1,714			6,526
European Union		1,750			1,841			1,855			2,508			7,954
Developing Markets		1,134			1,302			1,321			1,591			5,348
2007 Net Revenues - As Reported	$	8,586		$	9,205		$	9,054		$	10,396		$	37,241
Segment Realignment
North America Beverages (to Canada & N.A. Foodservice)		(49	)		(66	)		(61	)		(69	)		(245	)
North America Cheese & Foodservice (to Canada & N.A. Foodservice)		(588	)		(656	)		(678	)		(715	)		(2,637	)
North America Convenient Meals (to Canada & N.A. Foodservice; to U.S. Grocery)		(286	)		(262	)		(316	)		(328	)		(1,192	)
North America Grocery (from N.A. Convenient Meals; to Canada & N.A. Foodservice)		158			97			155			168			578
North America Snacks & Cereals (to Canada & N.A. Foodservice)		(143	)		(154	)		(180	)		(195	)		(672	)
Canada & N.A. Foodservice (from N.A. Segments)		908			1,041			1,080			1,139			4,168
2007 Net Revenues - As Restated
U.S. Beverages	$	777		$	788		$	712		$	713		$	2,990
U.S. Cheese		880			884			859			1,122			3,745
U.S. Convenient Meals		960			1,012			995			938			3,905
U.S. Grocery		781			873			757			866			3,277
U.S. Snacks & Cereals		1,396			1,464			1,475			1,519			5,854
Canada & N.A. Foodservice		908			1,041			1,080			1,139			4,168
European Union		1,750			1,841			1,855			2,508			7,954
Developing Markets		1,134			1,302			1,321			1,591			5,348
2007 Net Revenues - As Restated	$	8,586		$	9,205		$	9,054		$	10,396		$	37,241

KRAFT FOODS INC

and Subsidiaries

Segment Realignment - Operating Income

Quarterly 2007

($ in millions) (Unaudited)

	Q1			Q2			Q3			Q4			Year
2007 Operating Income - As Reported
Segment Operating Income:
North America Beverages	$	139		$	134		$	(4	)	$	68		$	337
North America Cheese & Foodservice		193			149			159			120			621
North America Convenient Meals		183			158			185			169			695
North America Grocery		200			267			184			166			817
North America Snacks & Cereals		248			266			240			264			1,018
European Union		118			125			129			199			571
Developing Markets		93			136			137			125			491
General Corporate Expenses		(50	)		(43	)		(46	)		(67	)		(206	)
Amortization of Intangibles		(2	)		(4	)		(3	)		(4	)		(13	)
2007 Operating Income - As Reported	$	1,122		$	1,188		$	981		$	1,040		$	4,331
Segment Realignment
North America Beverages (to Canada & N.A. Foodservice)		–			(4	)		(4	)		(7	)		(15	)
North America Cheese & Foodservice (to Canada & N.A. Foodservice)		(41	)		(55	)		(73	)		(51	)		(220	)
North America Convenient Meals (to Canada & N.A. Foodservice; to U.S. Grocery)		(74	)		(50	)		(81	)		(90	)		(295	)
North America Grocery (from N.A. Convenient Meals; to Canada & N.A. Foodservice)		47			8			39			99			193
North America Snacks & Cereals (to Canada & N.A. Foodservice)		(14	)		(14	)		(14	)		(31	)		(73	)
Canada & N.A. Foodservice (from N.A. Segments)		82			115			133			80			410
2007 Operating Income - As Restated
Segment Operating Income:
U.S. Beverages	$	139		$	130		$	(8	)	$	61		$	322
U.S. Cheese		152			94			86			69			401
U.S. Convenient Meals		109			108			104			79			400
U.S. Grocery		247			275			223			265			1,010
U.S. Snacks & Cereals		234			252			226			233			945
Canada & N.A. Foodservice		82			115			133			80			410
European Union		118			125			129			199			571
Developing Markets		93			136			137			125			491
General Corporate Expenses		(50	)		(43	)		(46	)		(67	)		(206	)
Amortization of Intangibles		(2	)		(4	)		(3	)		(4	)		(13	)
2007 Operating Income - As Restated	$	1,122		$	1,188		$	981		$	1,040		$	4,331

KRAFT FOODS INC

and Subsidiaries

Segment Realignment - Net Revenues

Full Year 2005 and Quarterly 2006

($ in millions) (Unaudited)

	2005 Year			2006
				Q1			Q2			Q3			Q4			Year
Net Revenues - As Reported
North America Beverages	$	3,056		$	795		$	819		$	731		$	743		$	3,088
North America Cheese & Foodservice		6,244			1,469			1,495			1,446			1,668			6,078
North America Convenient Meals		4,719			1,214			1,230			1,232			1,187			4,863
North America Grocery		3,024			632			790			597			712			2,731
North America Snacks & Cereals		6,250			1,533			1,611			1,585			1,629			6,358
European Union		6,714			1,467			1,539			1,544			2,122			6,672
Developing Markets		4,106			1,013			1,135			1,108			1,310			4,566
Net Revenues - As Reported	$	34,113		$	8,123		$	8,619		$	8,243		$	9,371		$	34,356
Segment Realignment
North America Beverages (to Canada & N.A. Foodservice)		(204	)		(40	)		(57	)		(52	)		(53	)		(202	)
North America Cheese & Foodservice (to Canada & N.A. Foodservice)		(2,587	)		(606	)		(639	)		(625	)		(664	)		(2,534	)
North America Convenient Meals (to Canada & N.A. Foodservice; to U.S. Grocery)		(1,192	)		(280	)		(278	)		(300	)		(308	)		(1,166	)
North America Grocery (from N.A. Convenient Meals; to Canada & N.A. Foodservice)		328			128			106			127			133			494
North America Snacks & Cereals (to Canada & N.A. Foodservice)		(482	)		(126	)		(140	)		(138	)		(144	)		(548	)
Canada & N.A. Foodservice (from N.A. Segments)		4,137			924			1,008			988			1,036			3,956
Net Revenues - As Restated
U.S. Beverages	$	2,852		$	755		$	762		$	679		$	690		$	2,886
U.S. Cheese		3,657			863			856			821			1,004			3,544
U.S. Convenient Meals		3,527			934			952			932			879			3,697
U.S. Grocery		3,352			760			896			724			845			3,225
U.S. Snacks & Cereals		5,768			1,407			1,471			1,447			1,485			5,810
Canada & N.A. Foodservice		4,137			924			1,008			988			1,036			3,956
European Union		6,714			1,467			1,539			1,544			2,122			6,672
Developing Markets		4,106			1,013			1,135			1,108			1,310			4,566
Net Revenues - As Restated	$	34,113		$	8,123		$	8,619		$	8,243		$	9,371		$	34,356

KRAFT FOODS INC

and Subsidiaries

Segment Realignment - Operating Income

Full Year 2005 and Quarterly 2006

($ in millions) (Unaudited)

	2005 Year			2006
				Q1			Q2			Q3			Q4			Year
Operating Income - As Reported
Segment Operating Income:
North America Beverages	$	463		$	147		$	115		$	83		$	(140	)	$	205
North America Cheese & Foodservice		921			203			179			233			271			886
North America Convenient Meals		793			200			185			183			346			914
North America Grocery		724			204			294			176			245			919
North America Snacks & Cereals		930			142			269			255			163			829
European Union		722			129			86			347			(14	)		548
Developing Markets		400			35			98			122			161			416
General Corporate Expenses		(194	)		(41	)		(47	)		(43	)		(58	)		(189	)
Amortization of Intangibles		(10	)		(2	)		(3	)		(1	)		(1	)		(7	)
Operating Income - As Reported	$	4,749		$	1,017		$	1,176		$	1,355		$	973		$	4,521
Segment Realignment
North America Beverages (to Canada & N.A. Foodservice)		(5	)		–			1			1			(3	)		(1	)
North America Cheese & Foodservice (to Canada & N.A. Foodservice)		(236	)		(49	)		(59	)		(62	)		(56	)		(226	)
North America Convenient Meals (to Canada & N.A. Foodservice; to U.S. Grocery)		(319	)		(63	)		(65	)		(79	)		(295	)		(502	)
North America Grocery (from N.A. Convenient Meals; to Canada & N.A. Foodservice)		295			36			18			38			243			335
North America Snacks & Cereals (to Canada & N.A. Foodservice)		(72	)		(11	)		(18	)		(18	)		(8	)		(55	)
Canada & N.A. Foodservice (from N.A. Segments)		337			87			123			120			119			449
Operating Income - As Restated
Segment Operating Income:
U.S. Beverages	$	458		$	147		$	116		$	84		$	(143	)	$	204
U.S. Cheese		685			154			120			171			215			660
U.S. Convenient Meals		474			137			120			104			51			412
U.S. Grocery		1,019			240			312			214			488			1,254
U.S. Snacks & Cereals		858			131			251			237			155			774
Canada & N.A. Foodservice		337			87			123			120			119			449
European Union		722			129			86			347			(14	)		548
Developing Markets		400			35			98			122			161			416
General Corporate Expenses		(194	)		(41	)		(47	)		(43	)		(58	)		(189	)
Amortization of Intangibles		(10	)		(2	)		(3	)		(1	)		(1	)		(7	)
Operating Income - As Restated	$	4,749		$	1,017		$	1,176		$	1,355		$	973		$	4,521

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Net Revenues

For the Twelve Months Ended December 31,

($ in millions) (Unaudited)

															% Change		Organic Growth Drivers
	As Restated (GAAP)		Impact of Divestitures			Impact of Acquisitions				Impact of Currency			Organic (Non-GAAP)		As Restated (GAAP)	Organic (Non- GAAP)	Volume		Mix		Price
2007 Reconciliation
U.S. Beverages	$	2,990	$	(72	)	$	–		��	$	–		$	2,918	3.6%	5.2%	1.8	pp	2.5	pp	0.9	pp
U.S. Cheese		3,745		–			–				–			3,745	5.7%	5.7%	0.2		0.8		4.7
U.S. Convenient Meals		3,905		–			–				–			3,905	5.6%	5.6%	3.4		1.6		0.6
U.S. Grocery		3,277		–			–				–			3,277	1.6%	3.5%	(0.6	)	2.1		2.0
U.S. Snacks & Cereals		5,854		(9	)		–				–			5,845	0.8%	2.9%	1.0		1.9		–
Canada & N.A. Foodservice		4,168		(15	)		–				(117	)		4,036	5.4%	3.9%	(0.2	)	0.4		3.7
North America	$	23,939	$	(96	)	$	–			$	(117	)	$	23,726	3.6%	4.3%	0.9		1.6		1.8
European Union		7,954		–			(337	)			(703	)		6,914	19.2%	3.6%	3.4		1.9		(1.7	)
Developing Markets		5,348		–			(7	)			(250	)		5,091	17.1%	11.5%	4.0		2.4		5.1
Kraft Foods	$	37,241	$	(96	)	$	(344	)		$	(1,070	)	$	35,731	8.4%	5.1%	1.7	pp	1.8	pp	1.6	pp
2006 Reconciliation
U.S. Beverages	$	2,886	$	(112	)	$	–			$	–		$	2,774
U.S. Cheese		3,544		–			–				–			3,544
U.S. Convenient Meals		3,697		–			–				–			3,697
U.S. Grocery		3,225		(59	)		–				–			3,166
U.S. Snacks & Cereals		5,810		(127	)		–				–			5,683
Canada & N.A. Foodservice		3,956		(71	)		–				–			3,885
North America	$	23,118	$	(369	)	$	–			$	–		$	22,749
European Union		6,672		–			–				–			6,672
Developing Markets		4,566		–			–				–			4,566
Kraft Foods	$	34,356	$	(369	)	$	–			$	–		$	33,987

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Operating Income

For the Twelve Months Ended December 31,

($ in millions) (Unaudited)

														% Change
	As Restated (GAAP)			Asset Impairment, Exit and Implementation Costs - Restructuring		Asset Impairments / Other Expenses - Non- Restructuring		(Gains) / Losses on Divestitures, net			Excluding Items (Non- GAAP)			As Restated (GAAP)		Excluding Items (Non- GAAP)
2007 Reconciliation
U.S. Beverages	$	322		$	20	$	120	$	5		$	467		57.8%		16.8%
U.S. Cheese		401			78		–		–			479		(39.2%	)	(36.3%	)
U.S. Convenient Meals		400			37		–		–			437		(2.9%	)	(12.9%	)
U.S. Grocery		1,010			29		–		–			1,039		(19.5%	)	(3.6%	)
U.S. Snacks & Cereals		945			33		–		(12	)		966		22.1%		(3.6%	)
Canada & N.A. Foodservice		410			60		–		–			470		(8.7%	)	(2.7%	)
North America	$	3,488		$	257	$	120	$	(7	)	$	3,858		(7.1%	)	(8.5%	)
European Union		571			152		10		–			733		4.2%		1.8%
Developing Markets		491			50		–		(8	)		533		18.0%		4.7%
Corporate Items		(219	)		–		–		–			(219	)	(11.7%	)	(11.7%	)
Kraft Foods Operating Income	$	4,331		$	459	$	130	$	(15	)	$	4,905		(4.2%	)	(6.6%	)
2006 Reconciliation
U.S. Beverages	$	204		$	26	$	75	$	95		$	400
U.S. Cheese		660			92		–		–			752
U.S. Convenient Meals		412			90		–		–			502
U.S. Grocery		1,254			50		–		(226	)		1,078
U.S. Snacks & Cereals		774			55		168		5			1,002
Canada & N.A. Foodservice		449			25		–		9			483
North America	$	3,753		$	338	$	243	$	(117	)	$	4,217
European Union		548			253		170		(251	)		720
Developing Markets		416			82		11		–			509
Corporate Items		(196	)		–		–		–			(196	)
Kraft Foods Operating Income	$	4,521		$	673	$	424	$	(368	)	$	5,250

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Net Revenues

For the Three Months Ended March 31,

($ in millions) (Unaudited)

														% Change			Organic Growth Drivers
	As Restated (GAAP)		Impact of Divestitures			Impact of Acquisitions			Impact of Currency			Organic (Non- GAAP)		As Restated (GAAP)		Organic (Non- GAAP)	Volume		Mix		Price
2007 Reconciliation
U.S. Beverages	$	777	$	(23	)	$	–		$	–		$	754	2.9%		4.1%	2.7	pp	0.8	pp	0.6	pp
U.S. Cheese		880		–			–			–			880	2.0%		2.0%	2.3		–		(0.3	)
U.S. Convenient Meals		960		–			–			–			960	2.8%		2.8%	2.3		0.8		(0.3	)
U.S. Grocery		781		–			–			–			781	2.8%		5.5%	0.6		2.9		2.0
U.S. Snacks & Cereals		1,396		(9	)		–			–			1,387	(0.8%	)	2.7%	1.6		2.0		(0.9	)
Canada & N.A. Foodservice		908		(5	)		–			3			906	(1.7%	)	1.5%	(1.2	)	1.1		1.6
North America	$	5,702	$	(37	)	$	–		$	3		$	5,668	1.0%		3.0%	1.4		1.3		0.3
European Union		1,750		–			(97	)		(144	)		1,509	19.3%		2.9%	3.0		1.9		(2.0	)
Developing Markets		1,134		–			–			(31	)		1,103	11.9%		8.9%	1.7		3.6		3.6
Kraft Foods	$	8,586	$	(37	)	$	(97	)	$	(172	)	$	8,280	5.7%		3.7%	1.6	pp	1.8	pp	0.3	pp
2006 Reconciliation
U.S. Beverages	$	755	$	(31	)	$	–		$	–		$	724
U.S. Cheese		863		–			–			–			863
U.S. Convenient Meals		934		–			–			–			934
U.S. Grocery		760		(20	)		–			–			740
U.S. Snacks & Cereals		1,407		(57	)		–			–			1,350
Canada & N.A. Foodservice		924		(31	)		–			–			893
North America	$	5,643	$	(139	)	$	–		$	–		$	5,504
European Union		1,467		–			–			–			1,467
Developing Markets		1,013		–			–			–			1,013
Kraft Foods	$	8,123	$	(139	)	$	–		$	–		$	7,984

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Operating Income

For the Three Months Ended March 31,

($ in millions) (Unaudited)

														% Change
	As Restated (GAAP)			Asset Impairment, Exit and Implementation Costs - Restructuring		Asset Impairments / Other Expenses - Non- Restructuring		(Gains) / Losses on Divestitures, net			Excluding Items (Non- GAAP)			As Restated (GAAP)		Excluding Items (Non- GAAP)
2007 Reconciliation
U.S. Beverages	$	139		$	3	$	–	$	–		$	142		(5.4%	)	(4.7%	)
U.S. Cheese		152			12		–		–			164		(1.3%	)	0.6%
U.S. Convenient Meals		109			11		–		–			120		(20.4%	)	(13.0%	)
U.S. Grocery		247			6		–		–			253		2.9%		(1.9%	)
U.S. Snacks & Cereals		234			8		–		(12	)		230		78.6%		(3.4%	)
Canada & N.A. Foodservice		82			4		–		–			86		(5.7%	)	(8.5%	)
North America	$	963		$	44	$	–	$	(12	)	$	995		7.5%		(4.3%	)
European Union		118			37		–		–			155		(8.5%	)	3.3%
Developing Markets		93			7		–		–			100		100.0+%		13.6%
Corporate Items		(52	)		–		–		–			(52	)	(20.9%	)	(20.9%	)
Kraft Foods Operating Income	$	1,122		$	88	$	–	$	(12	)	$	1,198		10.3%		(3.0%	)
2006 Reconciliation
U.S. Beverages	$	147		$	2	$	–	$	–		$	149
U.S. Cheese		154			9		–		–			163
U.S. Convenient Meals		137			1		–		–			138
U.S. Grocery		240			18		–		–			258
U.S. Snacks & Cereals		131			6		99		2			238
Canada & N.A. Foodservice		87			6		–		1			94
North America	$	896		$	42	$	99	$	3		$	1,040
European Union		129			21		–		–			150
Developing Markets		35			42		11		–			88
Corporate Items		(43	)		–		–		–			(43	)
Kraft Foods Operating Income	$	1,017		$	105	$	110	$	3		$	1,235

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Net Revenues

For the Three Months Ended June 30,

($ in millions) (Unaudited)

														% Change				Organic Growth Drivers
	As Restated (GAAP)		Impact of Divestitures			Impact of Acquisitions			Impact of Currency			Organic (Non- GAAP)		As Restated (GAAP)		Organic (Non-GAAP)		Volume		Mix		Price
2007 Reconciliation
U.S. Beverages	$	788	$	(25	)	$	–		$	–		$	763	3.4%		4.7%		(2.7	)pp	6.9	pp	0.5	pp
U.S. Cheese		884		–			–			–			884	3.3%		3.3%		(1.7	)	1.1		3.9
U.S. Convenient Meals		1,012		–			–			–			1,012	6.3%		6.3%		3.3		1.5		1.5
U.S. Grocery		873		–			–			–			873	(2.6%	)	(0.9%	)	(3.2	)	1.4		0.9
U.S. Snacks & Cereals		1,464		–			–			–			1,464	(0.5%	)	2.7%		(0.2	)	2.7		0.2
Canada & N.A. Foodservice		1,041		(4	)		–			–			1,037	3.3%		4.7%		(0.4	)	1.4		3.7
North America	$	6,062	$	(29	)	$	–		$	–		$	6,033	2.0%		3.4%		(1.0	)	2.7		1.7
European Union		1,841		–			(114	)		(157	)		1,570	19.6%		2.0%		1.8		1.6		(1.4	)
Developing Markets		1,302		–			(4	)		(33	)		1,265	14.7%		11.5%		3.7		2.0		5.8
Kraft Foods	$	9,205	$	(29	)	$	(118	)	$	(190	)	$	8,868	6.8%		4.2%		0.0	pp	2.5	pp	1.7	pp
2006 Reconciliation
U.S. Beverages	$	762	$	(33	)	$	–		$	–		$	729
U.S. Cheese		856		–			–			–			856
U.S. Convenient Meals		952		–			–			–			952
U.S. Grocery		896		(15	)		–			–			881
U.S. Snacks & Cereals		1,471		(46	)		–			–			1,425
Canada & N.A. Foodservice		1,008		(18	)		–			–			990
North America	$	5,945	$	(112	)	$	–		$	–		$	5,833
European Union		1,539		–			–			–			1,539
Developing Markets		1,135		–			–			–			1,135
Kraft Foods	$	8,619	$	(112	)	$	–		$	–		$	8,507

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Operating Income

For the Three Months Ended June 30,

($ in millions) (Unaudited)

	As Restated (GAAP)			Asset Impairment, Exit and Implementation Costs - Restructuring		Asset Impairments / Other Expenses - Non- Restructuring		(Gains) / Losses on Divestitures, net			Excluding Items (Non- GAAP)			% Change
														As Restated (GAAP)		Excluding Items (Non- GAAP)
2007 Reconciliation
U.S. Beverages	$	130		$	8	$	–	$	–		$	138		12.1%		10.4%
U.S. Cheese		94			40		–		–			134		(21.7%	)	(22.1%	)
U.S. Convenient Meals		108			4		–		–			112		(10.0%	)	(27.7%	)
U.S. Grocery		275			15		–		–			290		(11.9%	)	(10.5%	)
U.S. Snacks & Cereals		252			8		–		–			260		0.4%		(1.5%	)
Canada & N.A. Foodservice		115			5		–		–			120		(6.5%	)	(14.3%	)
North America	$	974		$	80	$	–	$	–		$	1,054		(6.5%	)	(10.7%	)
European Union		125			62		–		–			187		45.3%		8.1%
Developing Markets		136			15		–		(8	)		143		38.8%		15.3%
Corporate Items		(47	)		–		–		–			(47	)	6.0%		6.0%
Kraft Foods Operating Income	$	1,188		$	157	$	–	$	(8	)	$	1,337		1.0%		(6.3%	)
2006 Reconciliation
U.S. Beverages	$	116		$	9	$	–	$	–		$	125
U.S. Cheese		120			52		–		–			172
U.S. Convenient Meals		120			35		–		–			155
U.S. Grocery		312			12		–		–			324
U.S. Snacks & Cereals		251			13		–		–			264
Canada & N.A. Foodservice		123			9		–		8			140
North America	$	1,042		$	130	$	–	$	8		$	1,180
European Union		86			87		–		–			173
Developing Markets		98			26		–		–			124
Corporate Items		(50	)		–		–		–			(50	)
Kraft Foods Operating Income	$	1,176		$	243	$	–	$	8		$	1,427

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Net Revenues

For the Three Months Ended September 30,

($ in millions) (Unaudited)

														% Change		Organic Growth Drivers
	As Restated (GAAP)		Impact of Divestitures			Impact of Acquisitions			Impact of Currency			Organic (Non- GAAP)		As Restated (GAAP)	Organic (Non- GAAP)	Volume		Mix		Price
2007 Reconciliation
U.S. Beverages	$	712	$	(20	)	$	–		$	–		$	692	4.9%	6.0%	4.9	pp	(1.2	)pp	2.3	pp
U.S. Cheese		859		–			–			–			859	4.6%	4.6%	(3.0	)	1.4		6.2
U.S. Convenient Meals		995		–			–			–			995	6.8%	6.8%	3.0		2.8		1.0
U.S. Grocery		757		–			–			–			757	4.6%	7.1%	0.9		2.9		3.3
U.S. Snacks & Cereals		1,475		–			–			–			1,475	1.9%	2.7%	(0.5	)	2.5		0.7
Canada & N.A. Foodservice		1,080		(4	)		–			(35	)		1,041	9.3%	6.8%	0.8		0.5		5.5
North America	$	5,878	$	(24	)	$	–		$	(35	)	$	5,819	5.1%	5.3%	1.3		1.0		3.0
European Union		1,855		–			(126	)		(109	)		1,620	20.1%	4.9%	4.7		2.8		(2.6	)
Developing Markets		1,321		–			(3	)		(68	)		1,250	19.2%	12.8%	7.3		(0.2	)	5.7
Kraft Foods	$	9,054	$	(24	)	$	(129	)	$	(212	)	$	8,689	9.8%	6.3%	2.7	pp	1.3	pp	2.3	pp
2006 Reconciliation
U.S. Beverages	$	679	$	(26	)	$	–		$	–		$	653
U.S. Cheese		821		–			–			–			821
U.S. Convenient Meals		932		–			–			–			932
U.S. Grocery		724		(17	)		–			–			707
U.S. Snacks & Cereals		1,447		(11	)		–			–			1,436
Canada & N.A. Foodservice		988		(13	)		–			–			975
North America	$	5,591	$	(67	)	$	–		$	–		$	5,524
European Union		1,544		–			–			–			1,544
Developing Markets		1,108		–			–			–			1,108
Kraft Foods	$	8,243	$	(67	)	$	–		$	–		$	8,176

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Operating Income

For the Three Months Ended September 30,

($ in millions) (Unaudited)

														% Change
	As Restated (GAAP)			Asset Impairment, Exit and Implementation Costs - - Restructuring		Asset Impairments / Other Expenses - Non- Restructuring		(Gains) / Losses on Divestitures, net			Excluding Items (Non- GAAP)			As Restated (GAAP)		Excluding Items (Non- GAAP)
2007 Reconciliation
U.S. Beverages	$	(8	)	$	2	$	120	$	–		$	114		(100.0+%	)	26.7%
U.S. Cheese		86			15		–		–			101		(49.7%	)	(46.3%	)
U.S. Convenient Meals		104			13		–		–			117		–		(6.4%	)
U.S. Grocery		223			3		–		–			226		4.2%		(0.9%	)
U.S. Snacks & Cereals		226			10		–		–			236		(4.6%	)	(8.5%	)
Canada & N.A. Foodservice		133			1		–		–			134		10.8%		5.5%
North America	$	764		$	44	$	120	$	–		$	928		(17.8%	)	(8.7%	)
European Union		129			24		–		–			153		(62.8%	)	(4.4%	)
Developing Markets		137			13		–		–			150		12.3%		22.0%
Corporate Items		(49	)		–		–		–			(49	)	(11.4%	)	(11.4%	)
Kraft Foods Operating Income	$	981		$	81	$	120	$	–		$	1,182		(27.6%	)	(5.8%	)
2006 Reconciliation
U.S. Beverages	$	84		$	6	$	–	$	–		$	90
U.S. Cheese		171			17		–		–			188
U.S. Convenient Meals		104			21		–		–			125
U.S. Grocery		214			14		–		–			228
U.S. Snacks & Cereals		237			18		–		3			258
Canada & N.A. Foodservice		120			7		–		–			127
North America	$	930		$	83	$	–	$	3		$	1,016
European Union		347			64		–		(251	)		160
Developing Markets		122			1		–		–			123
Corporate Items		(44	)		–		–		–			(44	)
Kraft Foods Operating Income	$	1,355		$	148	$	–	$	(248	)	$	1,255

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Net Revenues

For the Three Months Ended December 31,

($ in millions) (Unaudited)

													% Change		Organic Growth Drivers
	As Restated (GAAP)		Impact of Divestitures			Impact of Acquisitions		Impact of Currency			Organic (Non-GAAP)		As Restated (GAAP)	Organic (Non-GAAP)	Volume		Mix		Price
2007 Reconciliation
U.S. Beverages	$	713	$	(4	)	$	–	$	–		$	709	3.3%	6.1%	3.4	pp	2.6	pp	0.1	pp
U.S. Cheese		1,122		–			–		–			1,122	11.8%	11.8%	2.8		0.6		8.4
U.S. Convenient Meals		938		–			–		–			938	6.7%	6.7%	5.2		1.3		0.2
U.S. Grocery		866		–			–		–			866	2.5%	3.3%	0.2		1.2		1.9
U.S. Snacks & Cereals		1,519		–			–		–			1,519	2.3%	3.2%	3.0		0.1		0.1
Canada & N.A. Foodservice		1,139		(2	)		–		(85	)		1,052	9.9%	2.4%	–		(1.4	)	3.8
North America	$	6,297	$	(6	)	$	–	$	(85	)	$	6,206	6.0%	5.4%	2.3		0.7		2.4
European Union		2,508		–			–		(293	)		2,215	18.2%	4.4%	3.8		1.6		(1.0	)
Developing Markets		1,591		–			–		(118	)		1,473	21.5%	12.4%	3.1		4.3		5.0
Kraft Foods	$	10,396	$	(6	)	$	–	$	(496	)	$	9,894	10.9%	6.2%	2.7	pp	1.5	pp	2.0	pp
2006 Reconciliation
U.S. Beverages	$	690	$	(22	)	$	–	$	–		$	668
U.S. Cheese		1,004		–			–		–			1,004
U.S. Convenient Meals		879		–			–		–			879
U.S. Grocery		845		(7	)		–		–			838
U.S. Snacks & Cereals		1,485		(13	)		–		–			1,472
Canada & N.A. Foodservice		1,036		(9	)		–		–			1,027
North America	$	5,939	$	(51	)	$	–	$	–		$	5,888
European Union		2,122		–			–		–			2,122
Developing Markets		1,310		–			–		–			1,310
Kraft Foods	$	9,371	$	(51	)	$	–	$	–		$	9,320

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Operating Income

For the Three Months Ended December 31,

($ in millions) (Unaudited)

														% Change
	As Restated (GAAP)			Asset Impairment, Exit and Implementation Costs - Restructuring		Asset Impairments / Other Expenses - Non- Restructuring		(Gains) / Losses on Divestitures, net			Excluding Items (Non- GAAP)			As Restated (GAAP)		Excluding Items (Non- GAAP)
2007 Reconciliation
U.S. Beverages	$	61		$	7	$	–	$	5		$	73		100.0+%		100.0+%
U.S. Cheese		69			11		–		–			80		(67.9%	)	(65.1%	)
U.S. Convenient Meals		79			9		–		–			88		54.9%		4.8%
U.S. Grocery		265			5		–		–			270		(45.7%	)	0.7%
U.S. Snacks & Cereals		233			7		–		–			240		50.3%		(0.8%	)
Canada & N.A. Foodservice		80			50		–		–			130		(32.8%	)	6.6%
North America	$	787		$	89	$	–	$	5		$	881		(11.1%	)	(10.2%	)
European Union		199			29		10		–			238		100.0+%		0.4%
Developing Markets		125			15		–		–			140		(22.4%	)	(19.5%	)
Corporate Items		(71	)		–		–		–			(71	)	(20.3%	)	(20.3%	)
Kraft Foods Operating Income	$	1,040		$	133	$	10	$	5		$	1,188		6.9%		(10.9%	)
2006 Reconciliation
U.S. Beverages	$	(143	)	$	9	$	75	$	95		$	36
U.S. Cheese		215			14		–		–			229
U.S. Convenient Meals		51			33		–		–			84
U.S. Grocery		488			6		–		(226	)		268
U.S. Snacks & Cereals		155			18		69		–			242
Canada & N.A. Foodservice		119			3		–		–			122
North America	$	885		$	83	$	144	$	(131	)	$	981
European Union		(14	)		81		170		–			237
Developing Markets		161			13		–		–			174
Corporate Items		(59	)		–		–		–			(59	)
Kraft Foods Operating Income	$	973		$	177	$	314	$	(131	)	$	1,333

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Net Revenues

For the Twelve Months Ended December 31,

($ in millions) (Unaudited)

																	% Change				Organic Growth Drivers
	As Restated (GAAP)		Impact of Divestitures			Impact of Acquisitions			Impact of Currency			Implementation Costs			Organic (Non- GAAP)		As Restated (GAAP)		Organic (Non-GAAP)		Volume		Mix		Price
2006 Reconciliation
U.S. Beverages	$	2,886	$	(112	)	$	–		$	–		$	–		$	2,774	1.2%		2.4%		(2.4	)pp	3.2	pp	1.6	pp
U.S. Cheese		3,544		–			–			–			–			3,544	(3.1%	)	(2.5%	)	(0.2	)	0.6		(2.9	)
U.S. Convenient Meals		3,697		–			–			–			–			3,697	4.8%		4.8%		2.7		2.0		0.1
U.S. Grocery		3,225		(59	)		–			–			–			3,166	(3.8%	)	(2.2%	)	(3.3	)	0.3		0.8
U.S. Snacks & Cereals		5,810		(127	)		–			–			–			5,683	0.7%		2.9%		0.5		0.9		1.5
Canada & N.A. Foodservice		3,956		(71	)		–			(153	)		–			3,732	(4.4%	)	(1.7%	)	(6.9	)	5.5		(0.3	)
North America	$	23,118	$	(369	)	$	–		$	(153	)	$	–		$	22,596	(0.8%	)	0.7%		(1.9	)	2.4		0.2
European Union		6,672		–			(110	)		93			–			6,655	(0.6%	)	(0.7%	)	(1.7	)	0.9		0.1
Developing Markets		4,566		–			(1	)		(85	)		–			4,480	11.2%		9.6%		(0.9	)	6.1		4.4
Kraft Foods	$	34,356	$	(369	)	$	(111	)	$	(145	)	$	–		$	33,731	0.7%		1.5%		(1.7	)pp	2.5	pp	0.7	pp
2005 Reconciliation
U.S. Beverages	$	2,852	$	(141	)	$	–		$	–		$	(1	)	$	2,710
U.S. Cheese		3,657		(22	)		–			–			–			3,635
U.S. Convenient Meals		3,527		–			–			–			–			3,527
U.S. Grocery		3,352		(114	)		–			–			–			3,238
U.S. Snacks & Cereals		5,768		(248	)		–			–			1			5,521
Canada & N.A. Foodservice		4,137		(342	)		–			–			2			3,797
North America	$	23,293	$	(867	)	$	–		$	–		$	2		$	22,428
European Union		6,714		(12	)		–			–			–			6,702
Developing Markets		4,106		(19	)		–			–			–			4,087
Kraft Foods	$	34,113	$	(898	)	$	–		$	–		$	2		$	33,217

Kraft Foods Inc.

Reconciliation of GAAP and Non-GAAP Information

Operating Income

For the Twelve Months Ended December 31,

($ in millions) (Unaudited)

														% Change
	As Restated (GAAP)			Asset Impairment, Exit and Implementation Costs - Restructuring		Asset Impairments / Other Expenses - Non- Restructuring		(Gains) / Losses on Divestitures, net			Excluding Items (Non- GAAP)			As Restated (GAAP)		Excluding Items (Non- GAAP)
2006 Reconciliation
U.S. Beverages	$	204		$	26	$	75	$	95		$	400		(55.5%	)	(14.7%	)
U.S. Cheese		660			92		–		–			752		(3.6%	)	8.8%
U.S. Convenient Meals		412			90		–		–			502		(13.1%	)	3.5%
U.S. Grocery		1,254			50		–		(226	)		1,078		23.1%		(4.7%	)
U.S. Snacks & Cereals		774			55		168		5			1,002		(9.8%	)	5.1%
Canada & N.A. Foodservice		449			25		–		9			483		33.2%		(2.0%	)
North America	$	3,753		$	338	$	243	$	(117	)	$	4,217		(2.0%	)	(0.1%	)
European Union		548			253		170		(251	)		720		(24.1%	)	(4.6%	)
Developing Markets		416			82		11		–			509		4.0%		17.3%
Corporate Items		(196	)		–		–		–			(196	)	3.9%		3.9%
Kraft Foods Operating Income	$	4,521		$	673	$	424	$	(368	)	$	5,250		(4.8%	)	0.8%
2005 Reconciliation
U.S. Beverages	$	458		$	11	$	–	$	–		$	469
U.S. Cheese		685			7		–		(1	)		691
U.S. Convenient Meals		474			11		–		–			485
U.S. Grocery		1,019			17		93		2			1,131
U.S. Snacks & Cereals		858			32		63		–			953
Canada & N.A. Foodservice		337			43		113		–			493
North America	$	3,831		$	121	$	269	$	1		$	4,222
European Union		722			147		–		(114	)		755
Developing Markets		400			29		–		5			434
Corporate Items		(204	)		–		–		–			(204	)
Kraft Foods Operating Income	$	4,749		$	297	$	269	$	(108	)	$	5,207