Mondelez International (MDLZ) 8-K 3 Nov 09 Other Events Financial data

Statement Of Income

Statement Of Income (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007	12 Months Ended Dec. 31, 2006
Net revenues	$41,932	$35,858	$33,018
Cost of sales	28,088	23,656	21,190
Gross profit	13,844	12,202	11,828
Marketing, administration and research costs	8,862	7,587	7,032
Asset impairment and exit costs	1,024	440	999
Gain on redemption of United Biscuits investment	0	0	(251)
Losses / (gains) on divestitures, net	92	(14)	(117)
Amortization of intangibles	23	13	7
Operating income	3,843	4,176	4,158
Interest and other expense, net	1,240	604	510
Earnings from continuing operations before income taxes	2,603	3,572	3,648
Provision for income taxes	755	1,080	816
Earnings from continuing operations	1,848	2,492	2,832
Earnings and gain from discontinued operations, net of income taxes (Note 2)	1,045	232	233
Net earnings	2,893	2,724	3,065
Noncontrolling interest	9	3	5
Net earnings attributable to Kraft Foods	$2,884	$2,721	$3,060
Basic earnings per share attributable to Kraft Foods:
Continuing operations	1.22	1.56	1.7
Discontinued operations	0.7	0.15	0.14
Net earnings attributable to Kraft Foods	1.92	1.71	1.84
Diluted earnings per share attributable to Kraft Foods:
Continuing operations	1.21	1.56	1.7
Discontinued operations	0.69	0.14	0.14
Net earnings attributable to Kraft Foods	1.9	1.7	1.84
Dividends declared	1.12	1.04	0.96

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Millions	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
ASSETS
Cash and cash equivalents	$1,244	$567
Receivables (net of allowances of $129 in 2008 and $94 in 2007)	4,704	5,197
Inventories, net	3,881	4,238
Deferred income taxes	804	572
Other current assets	828	302
Total current assets	11,461	10,876
Property, plant and equipment, net	9,917	10,778
Goodwill	27,581	31,193
Intangible assets, net	12,926	12,200
Prepaid pension assets	56	1,648
Other assets	1,232	1,437
TOTAL ASSETS	63,173	68,132
LIABILITIES
Short-term borrowings	897	7,385
Current portion of long-term debt	765	722
Accounts payable	3,373	4,065
Accrued marketing	1,803	1,833
Accrued employment costs	951	913
Other current liabilities	3,255	2,195
Total current liabilities	11,044	17,113
Long-term debt	18,589	12,902
Deferred income taxes	4,064	4,876
Accrued pension costs	2,367	810
Accrued postretirement health care costs	2,678	2,846
Other liabilities	2,075	2,140
TOTAL LIABILITIES	40,817	40,687
Contingencies (Note 13)	-	-
EQUITY
Common Stock, no par value (1,735,000,000 shares issued in 2008 and 2007)	0	0
Additional paid-in capital	23,563	23,445
Retained earnings	13,440	12,321
Accumulated other comprehensive losses	(5,994)	(1,835)
Treasury stock, at cost	(8,714)	(6,524)
Total Kraft Foods Shareholders' Equity	22,295	27,407
Noncontrolling interest	61	38
TOTAL EQUITY	22,356	27,445
TOTAL LIABILITIES AND EQUITY	$63,173	$68,132

1_Statement Of Financial Positi

Statement Of Financial Position Classified (Parenthetical) (USD $)
In Millions, except Share data	Dec. 31, 2008	Dec. 31, 2007
Receivables, allowances	$129	$94
Common Stock, no par value	$0	$0
Common Stock, shares issued	1,735,000,000	1,735,000,000

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Millions	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Losses) / Earnings	Treasury Stock	Noncontrolling Interest	Total
Beginning Balances at Dec. 31, 2005	$0	$23,835	$9,434	($1,663)	($2,032)	$26	$29,600
Comprehensive earnings / (losses):
Net earnings			3,060			5	3,065
Other comprehensive earnings / (losses), net of income taxes				645		2	647
Total comprehensive earnings / (losses)						7	3,712
Adoption of new benefit plan guidance				(2,051)			(2,051)
Exercise of stock options and issuance of other stock awards		(209)	202		152		145
Cash dividends declared ($1.12 per share in 2008, $1.04 per share in 2007 and $0.96 per share in 2006)			(1,587)				(1,587)
Dividends paid on noncontrolling interest and other activities						(7)	(7)
Common Stock repurchased					(1,250)		(1,250)
Ending Balances at Dec. 31, 2006	0	23,626	11,109	(3,069)	(3,130)	26	28,562
Comprehensive earnings / (losses):
Net earnings			2,721			3	2,724
Other comprehensive earnings / (losses), net of income taxes				1,234		2	1,236
Total comprehensive earnings / (losses)						5	3,960
Adoption of new income tax guidance			213				213
Exercise of stock options and issuance of other stock awards		33	(79)		293		247
Net settlement of employee stock awards with Altria Group, Inc. (Note 10)		(179)					(179)
Cash dividends declared ($1.12 per share in 2008, $1.04 per share in 2007 and $0.96 per share in 2006)			(1,643)				(1,643)
Acquisitions of noncontrolling interest and other activities						7	7
Common Stock repurchased					(3,687)		(3,687)
Other		(35)					(35)
Ending Balances at Dec. 31, 2007	0	23,445	12,321	(1,835)	(6,524)	38	27,445
Comprehensive earnings / (losses):
Net earnings			2,884			9	2,893
Other comprehensive earnings / (losses), net of income taxes				(4,159)		(9)	(4,168)
Adoption of new benefit plan guidance			(8)				(8)
Exercise of stock options and issuance of other stock awards		118	(81)		231		268
Cash dividends declared ($1.12 per share in 2008, $1.04 per share in 2007 and $0.96 per share in 2006)			(1,676)				(1,676)
Acquisitions of noncontrolling interest and other activities						23	23
Common Stock repurchased					(777)		(777)
Common Stock tendered (Note 2)					(1,644)		(1,644)
Ending Balances at Dec. 31, 2008	$0	$23,563	$13,440	($5,994)	($8,714)	$61	$22,356

2_Statement Of Shareholders Equ

Statement Of Shareholders Equity And Other Comprehensive Income (Parenthetical) (USD $)
	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007	12 Months Ended Dec. 31, 2006
Cash dividends declared, per share	1.12	1.04	0.96

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Millions	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007	12 Months Ended Dec. 31, 2006
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES
Net earnings	$2,893	$2,724	$3,065
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	986	886	891
Stock-based compensation expense	178	136	142
Deferred income tax benefit	(208)	(389)	(172)
Gain on redemption of United Biscuits investment	0	0	(251)
Losses / (gains) on divestitures, net	92	(14)	(117)
Gain on discontinued operations (Note 2)	(926)	0	0
Asset impairment and exit costs, net of cash paid	731	209	793
Change in assets and liabilities, excluding the effects of acquisitions and divestitures:
Receivables, net	(39)	(268)	(200)
Inventories, net	(151)	(404)	(150)
Accounts payable	29	241	256
Amounts due to Altria Group, Inc. and affiliates	0	(93)	(133)
Other current assets	(535)	(144)	(61)
Other current liabilities	985	186	(236)
Change in pension assets and postretirement liabilities, net	19	81	(128)
Other	87	420	21
Net cash provided by operating activities	4,141	3,571	3,720
CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES
Capital expenditures	(1,367)	(1,241)	(1,169)
Acquisitions, net of cash received	(99)	(7,437)	0
Proceeds from divestitures, net of disbursements	97	216	946
Other	49	46	107
Net cash used in by investing activities	(1,320)	(8,416)	(116)
CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES
Net (repayment) / issuance of short-term borrowings	(5,912)	5,649	343
Long-term debt proceeds	7,018	6,495	69
Long-term debt repaid	(795)	(1,472)	(1,324)
(Decrease) / increase in amounts due to Altria Group, Inc. and affiliates	0	(149)	62
Repurchase of Common Stock	(777)	(3,708)	(1,254)
Dividends paid	(1,663)	(1,638)	(1,562)
Other	72	(56)	(54)
Net cash (used in) / provided by financing activities	(2,057)	5,121	(3,720)
Effect of exchange rate changes on cash and cash equivalents	(87)	52	39
Cash and cash equivalents:
Increase / (decrease)	677	328	(77)
Balance at beginning of period	567	239	316
Balance at end of period	1,244	567	239
Cash paid:
Interest	968	628	628
Income taxes	$964	$1,366	$1,560

Note 1. Summary of Significant

Note 1. Summary of Significant Accounting Policies:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 1. Summary of Significant Accounting Policies:	Note1. Summary of Significant Accounting Policies: Nature of Operations and Basis of Presentation: Kraft FoodsInc. was incorporated in 2000 in the Commonwealth of Virginia. Kraft Foods Inc., through its subsidiaries (Kraft Foods Inc. and subsidiaries are hereinafter referred to as Kraft Foods, we, us and our), manufactures and markets packaged foods and beverages in approximately 150 countries. Prior to June13, 2001, Kraft Foods was a wholly owned subsidiary of Altria Group,Inc. (Altria). On June13, 2001, we completed an initial public offering of 280,000,000 shares of our ClassA common stock (Common Stock) at a price of $31.00 per share. In the first quarter of 2007, Altria spun off its remaining interest (89.0%)in Kraft Foods on a pro rata basis to Altria stockholders in a tax-free transaction. Effective as of the close of business on March30, 2007, all Kraft Foods shares owned by Altria were distributed to Altrias stockholders, and our separation from Altria was completed. Principles of Consolidation: The consolidated financial statements include Kraft Foods, as well as our wholly owned and majority owned subsidiaries. Our domestic operating subsidiaries report year-end results as of the Saturday closest to the end of each year, and our international operating subsidiaries generally report year-end results two weeks prior to the Saturday closest to the end of each year. We account for investments in which we exercise significant influence (20%-50% ownership interest) under the equity method of accounting. We account for investments in which we have an ownership interest of less than 20% and do not exercise significant influence by the cost method of accounting. Noncontrolling interest in subsidiaries consists of the equity interest of noncontrolling investors in consolidated subsidiaries of Kraft Foods. Kraft Foods consolidated noncontrolling interest expense, net of taxes, was $9 million in 2008, $3 million in 2007 and $5 million in 2006. All intercompany transactions were eliminated. Use of Estimates: We prepare our financial statements in accordance with accounting principles generally accepted in the United States of America, which require us to make estimates and assumptions that affect a number of amounts in our financial statements. Significant accounting policy elections, estimates and assumptions include, among others, pension and benefit plan assumptions, lives and valuation assumptions of goodwill and intangible assets, marketing programs and income taxes. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a significant impact on our consolidated financial statements. Foreign Currencies: We translate the results of operations of our foreign subsidiaries using average exchange rates during each period, whereas balance sheet accounts are translated using exchange rates at the end of each period.

Note 2. Acquisitions and Divest

Note 2. Acquisitions and Divestitures:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 2. Acquisitions and Divestitures:	Note2. Acquisitions and Divestitures: LU Biscuit Acquisition: On November30, 2007, we acquired LU Biscuit for 5.1billion (approximately $7.6 billion) in cash. The acquisition included 32 manufacturing facilities and approximately 14,000 employees. We acquired net assets consisting primarily of goodwill of $4,052million (which will not be deductible for statutory tax purposes), intangible assets of $3,546million (substantially all of which are indefinite-lived), receivables of $757million, property, plant and equipment of $1,054million and inventories of $204 million, and assumed liabilities of $1,063 million consisting primarily of accounts payable and accruals. These purchase price allocations were based upon appraisals that were finalized in the third quarter of 2008. During the second quarter of 2008, we also repaid Groupe Danone S.A. for excess cash received upon the acquisition of LU Biscuit. LU Biscuit contributed net revenues of $3.2 billion during 2008, and $2.8 billion on a proforma basis during 2007. LU Biscuit reported results from operations on a one month lag in 2007; as such, there was no impact on our operating results. On a proforma basis, LU Biscuits net earnings for the year ended December31, 2007 would have been insignificant to Kraft Foods. United Biscuits Acquisition: In September 2006, we acquired the Spanish and Portuguese operations of United Biscuits (UB) for approximately $1.1billion. The non-cash acquisition was financed by our assumption of $541million of debt issued by the acquired business immediately prior to the acquisition, as well as $530million of value for the redemption of our outstanding investment in UB, primarily deep-discount securities. The redemption of our investment in UB resulted in a $251 million gain. Post Cereals Split-off: On August4, 2008, we completed the split-off of the Post cereals business into Ralcorp Holdings, Inc. (Ralcorp), after an exchange with our shareholders. The exchange is expected to be tax-free to participating shareholders for U.S. federal income tax purposes. In this split-off transaction, approximately 46.1million shares of Kraft Foods Common Stock were tendered for $1,644 million. Our shareholders had the option to exchange some or all of their shares of Kraft Foods Common Stock and receive shares of common stock of Cable Holdco, Inc. (Cable Holdco). Cable Holdco was our wholly owned subsidiary that owned certain assets and liabilities of the Post cereals business. In exchange for the contribution of the Post cereals business, Cable Holdco issued approximately $665 million in debt securities, issued shares of its common stock and assumed a $300 million credit facility. Upon closing, we used the cash equivalent net proceeds, approximately $960 million, to repay debt. On June25, 2008, Cable Holdco filed a registration statement on Form S-1/S-4/A with the SEC that announced the start of the exchange offer. Approximately 30.5million shares of Cable Holdco were offered in exchange for Kraft Foods Common Stock at an exchange ratio of 0.6606. The exchange ratio was calculated using the daily volume-weighted average prices of Kraft Foods Common Stock and Ralco

Note 3. Inventories:

Note 3. Inventories:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 3. Inventories:	Note3. Inventories: Inventories at December31, 2008 and 2007 were: 2008 2007 (in millions, as revised) Raw materials $ 1,568 $ 1,697 Finished product 2,313 2,541 Inventories, net 3,881 4,238 Refer to Note 1, Summary of Significant Accounting Policies, for information on the change in our valuation method for U.S. inventories to the average cost method.

Note 4. Property, Plant and Equ

Note 4. Property, Plant and Equipment:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 4. Property, Plant and Equipment:	Note4. Property, Plant and Equipment: Property, plant and equipment at December31, 2008 and 2007 were: 2008 2007 (in millions) Land and land improvements $ 462 $ 454 Buildings and building equipment 3,913 4,121 Machinery and equipment 12,590 13,750 Construction in progress 850 879 17,815 19,204 Accumulated depreciation (7,898 ) (8,426 ) Property, plant and equipment, net $ 9,917 $ 10,778

Note 5. Goodwill and Intangible

Note 5. Goodwill and Intangible Assets:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 5. Goodwill and Intangible Assets:	Note5. Goodwill and Intangible Assets: At December31, 2008 and 2007, goodwill by reportable segment was: 2008 2007 (in millions; as revised) Kraft Foods North America: U.S. Beverages $ 1,290 $ 1,290 U.S. Cheese 3,000 3,000 U.S. Convenient Meals 1,460 1,460 U.S. Grocery 3,046 3,043 U.S. Snacks (1) 6,965 8,253 Canada N.A. Foodservice 2,306 2,364 Kraft Foods Europe (2) 5,893 7,492 Kraft Foods Developing Markets 3,621 4,291 Total goodwill $ 27,581 $ 31,193 (1)This segment was formerly known as U.S. Snacks Cereals. (2)This segment was formerly known as European Union. As discussed in Note 17, Segment Reporting, we implemented changes to our operating structure in 2009. As a result of these changes, we aligned the reporting of our Central Europe operations into our Kraft Foods Developing Markets segment. These financial statements were revised to conform to this change. As a result, we moved $1,534 million of goodwill in 2008 and $1,900 million of goodwill in 2007 from Kraft Foods Europe to Kraft Foods Developing Markets. Intangible assets at December31, 2008 and 2007 were: 2008 2007 (in millions) Non-amortizable intangible assets $ 12,758 $ 12,065 Amortizable intangible assets 254 197 13,012 12,262 Accumulated amortization (86 ) (62 ) Intangible assets, net $ 12,926 $ 12,200 Non-amortizable intangible assets consist substantially of brand names purchased through our acquisitions of Nabisco Holdings Corp., LU Biscuit and certain operations of UB (see Note 2, Acquisitions and Divestitures, for further details). Amortizable intangible assets consist primarily of trademark licenses, customer-related intangibles and non-compete agreements. The movements in goodwill and intangible assets were: 2008 2007 Goodwill Intangible Assets,atcost Goodwill Intangible Assets,atcost (in millions) Balance at January1 $ 31,193 $ 12,262 $ 25,553 $ 10,244 Changes due to: Foreign currency (1,062 ) (516 ) 536 43 Acquisitions (1,187 ) 1,356 5,239 2,196 Divestitures (1,272 ) (37 ) (45 ) (134 ) Asset impairments (35 ) (53 ) (3 ) (70 ) Other (56 ) (87 ) (17 ) Balance at December31 $ 27,581 $ 13,012 $ 31,193 $ 12,262 Significant changes to goodwill and intangible assets during 2008 were: Acquisi

Note 6. Asset Impairment, Exit

Note 6. Asset Impairment, Exit and Implementation Costs:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 6. Asset Impairment, Exit and Implementation Costs:	Note6. Asset Impairment, Exit and Implementation Costs: Restructuring Program In 2008, we completed our five-year restructuring program (the Restructuring Program). The objectives of this program were to leverage our global scale, realign and lower our cost structure, and optimize capacity. As part of the Restructuring Program, we: incurred $3.1 billion in pre-tax charges reflecting asset disposals, severance and implementation costs; announced the closure of 36 facilities and announced the elimination of approximately 19,000 positions; and will use cash to pay for $2.0 billion of the $3.1 billion in charges. We incurred charges under the Restructuring Program of $989 million in 2008, $459million in 2007 and $673million in 2006. Since the inception of the Restructuring Program, we have paid cash for $1.5 billion of the $3.1 billion in charges. At December31, 2008, we had $489 million accrued in Restructuring Program costs. In 2008, we implemented a new operating structure built on three core elements: business units; shared services that leverage the scale of our global portfolio; and a streamlined corporate staff. Within the new structure, business units now have full PL accountability and are staffed accordingly. This also ensures that we are putting our resources closer to where we make decisions that affect our consumers and customers. Our corporate and shared service functions continue to streamline their organizations and focus on core activities that can more efficiently support the goals of the business units. The intent is to simplify, streamline and increase accountability, with the ultimate goal of generating reliable growth for Kraft Foods. In total, we will eliminate approximately 1,500 positions as we streamline our headquarter functions. We are also in the process of reorganizing our European operations to function on a pan-European centralized category management and value chain model. After the reorganization is complete, the European Principal Company (EPC) will manage the European categories centrally and make decisions for all aspects of the value chain, except for sales and distribution. The European subsidiaries will execute sales and distribution locally, and the local production companies will act as toll manufacturers on behalf of the EPC. The EPC legal entity has been incorporated as Kraft Foods Europe GmbH in Zurich, Switzerland. As part of the reorganization, we incurred $16 million of restructuring costs, $39 million of implementation costs and $11 million of non-recurring costs during 2008; $21 million of restructuring costs, $24 million of implementation costs and $10 million of non-recurring costs during 2007; and $7million of restructuring costs during 2006. Restructuring and implementation costs are included in the total Restructuring Program charges. Other costs relating to our Kraft Foods Europe Reorganization are recorded as marketing, administration and research costs. Management believes the disclosure of implementation and other non-recurring charges provides readers of our financial statements greater transparency to the total costs of our Kraft Foods Eu

Note 7. Debt and Borrowing Arra

Note 7. Debt and Borrowing Arrangements:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 7. Debt and Borrowing Arrangements:	Note7. Debt and Borrowing Arrangements: Short-Term Borrowings: At December31, 2008 and 2007, our short-term borrowings and related average interest rates consisted of: 2008 2007 Amount Outstanding Average Year-EndRate Amount Outstanding Average Year-EndRate (in millions) (in millions) Commercial paper $ 606 2.6% $ 1,608 5.0% LU Biscuit bridge facility 5,527 5.2% Bank loans 291 13.0% 250 7.2% Total short-term borrowings $ 897 $ 7,385 The fair values of our short-term borrowings at December31, 2008 and 2007, based upon current market interest rates, approximate the amounts disclosed above. Borrowing Arrangements: We maintain a revolving credit facility that we have historically used for general corporate purposes and to support our commercial paper issuances. The $4.5billion, multi-year revolving credit facility expires in April2010. No amounts have been drawn on this facility. In October 2008, one of the syndicate banks under our credit facility, Lehman Commercial Paper, Inc., filed for bankruptcy protection. Lehmans commitment under our credit facility is approximately $136 million. We do not expect to replace them, and our capacity under our credit facility will accordingly be reduced to approximately $4.4 billion. We must maintain a net worth of at least $20.0billion under the terms of our revolving credit facility. At December31, 2008, our net worth was $22.3 billion. We expect to continue to meet this covenant. The revolving credit facility has no other financial covenants, credit rating triggers or provisions that could require us to post collateral as security. In addition to the above, some of our international subsidiaries maintain primarily uncommitted credit lines to meet short-term working capital needs. Collectively, these credit lines amounted to $1.7billion at December31, 2008. Borrowings on these lines amounted to $291 million at December31, 2008 and $250million at December31, 2007. At December31, 2007, we had borrowed 3.8 billion (approximately $5.5 billion) under the 364-day bridge facility agreement we used to acquire LU Biscuit (LU Biscuit Bridge Facility). Under the terms of the credit agreement, we were required to repay borrowings with the net cash proceeds fromdebt offerings having a maturity of greater than one year. As such, we repaid the 3.8 billion (approximately $5.9 billion at the time of repayments) with proceeds from our March20, 2008 and May22, 2008 debt issuances discussed below. Upon repayment, this facility was terminated. Long-Term Debt: On December19, 2008, we issued $500 million of senior unsecured notes and used the net proceeds ($498 million) for general corporate purposes, including the repayment of outstanding commercial paper. The general terms of the $500 million notes are: $500 million total principal notes due February19, 2014 at a fixed, annual interest rate of 6.750%. Interest is payable semiannually, and began on February19, 2009. On May22, 2008, we issued $2.0 billion of senior unsecured notes and used the net proceeds

Note 8. Capital Stock:

Note 8. Capital Stock:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 8. Capital Stock:	Note8. Capital Stock: Our articles of incorporation authorize 3.0billion shares of ClassA common stock, 2.0billion shares of ClassB common stock and 500million shares of preferred stock. Shares of ClassA common stock issued, repurchased and outstanding were: Shares Issued Shares Repurchased Shares Outstanding Balance at January1, 2006 555,000,000 (65,119,245 ) 489,880,755 Repurchase of shares (38,744,248 ) (38,744,248 ) Exercise of stock options and issuance of other stock awards 4,836,138 4,836,138 Balance at December31, 2006 555,000,000 (99,027,355 ) 455,972,645 Repurchase of shares (111,516,043 ) (111,516,043 ) Exercise of stock options and issuance of other stock awards 9,321,018 9,321,018 Conversion of Class B common shares to ClassA common shares 1,180,000,000 1,180,000,000 Balance at December31, 2007 1,735,000,000 (201,222,380 ) 1,533,777,620 Repurchase of shares (25,272,255 ) (25,272,255 ) Shares tendered (Note 2) (46,119,899 ) (46,119,899 ) Exercise of stock options and issuance of other stock awards 6,915,974 6,915,974 Balance at December31, 2008 1,735,000,000 (265,698,560 ) 1,469,301,440 Upon the spin-off, Altria converted all of its ClassB shares of Kraft Foods common stock into ClassA shares of Kraft Foods common stock. Following our spin-off from Altria, we only have ClassA common stock outstanding. There were no Class B common stock or preferred shares issued and outstanding at December31, 2008 and 2007. On August4, 2008, we completed the split-off of the Post cereals business. In this transaction, approximately 46.1million shares of Kraft Foods Common Stock were tendered for $1,644 million. At December31, 2008, 139,940,307 shares of Common Stock were reserved for stock options and other stock awards. Our Board of Directors authorized the following Common Stock repurchase programs. We are not obligated to repurchase any of our Common Stock and may suspend our current program at our discretion. The total repurchases under these programs were 25.3million shares for $777 million in 2008, 110.1million shares for $3,640 million in 2007, and 38.7million shares for $1,250 million in 2006. We made these repurchases of our Common Stock in open market transactions. Share Repurchase Program Authorized by the Board of Directors $5.0billion $2.0billion $1.5 billion Authorized / completed period for repurchase April2007 March 2009 March2006 March 2007 December2004 March 2006 Aggregate cost of shares repurchased in 2008 (millions of shares) $777 million (25.3 shares) Aggregate cost of shares repurchased in 2007 (mil

Note 9. Accumulated Other Compr

Note 9. Accumulated Other Comprehensive Losses:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 9. Accumulated Other Comprehensive Losses:	Note 9. Accumulated Other Comprehensive Losses: The components of accumulated other comprehensive losses were: Currency Translation Adjustments Pensionand OtherBenefits Derivatives Accountedfor as Hedges Total (in millions) Balances at January1, 2006 $ (1,290 ) $ (369 ) $ (4 ) $ (1,663 ) Other comprehensive earnings / (losses), net of income taxes: Currency translation adjustments 567 567 Additional minimum pension liability 78 78 Total other comprehensive earnings 645 Adoption of new benefit plan guidance (2,051 ) (2,051 ) Balances at December31, 2006 $ (723 ) $ (2,342 ) $ (4 ) $ (3,069 ) Other comprehensive earnings / (losses), net of income taxes: Currency translation adjustments 672 (78 ) 594 Amortization of experience losses and prior service costs 154 154 Pension settlement 45 45 Net actuarial gain arising during period 410 410 Change in fair value of cash flow hedges 31 31 Total other comprehensive earnings 1,234 Balances at December31, 2007 $ (51 ) $ (1,811 ) $ 27 $ (1,835 ) Other comprehensive earnings / (losses), net of income taxes: Currency translation adjustments (2,348 ) 114 (2,234 ) Amortization of experience losses and prior service costs 98 98 Pension settlement 48 48 Net actuarial loss arising during period (2,021 ) (2,021 ) Change in fair value of cash flow hedges (50 ) (50 ) Total other comprehensive losses (4,159 ) Balances at December31, 2008 $ (2,399 ) $ (3,572 ) $ (23 ) $ (5,994 )

Note 10. Stock Plans:

Note 10. Stock Plans:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 10. Stock Plans:	Note10. Stock Plans: Beginning in 2008, we changed our annual and long-term incentive compensation programs to further align them with shareholder returns. Under the annual incentive program, we now grant equity in the form of both restricted or deferred stock and stock options. The restricted or deferred stock will continue to vest 100% after three years, and the stock options will vest one-third each year beginning on the first anniversary of the grant date. Additionally, we changed our long-term incentive plan from a cash-based program to a share-based program. These shares vest based on varying performance, market and service conditions. Under the Kraft Foods 2005 Performance Incentive Plan (the 2005 Plan), we may grant to eligible employees awards of stock options, stock appreciation rights, restricted stock, restricted and deferred stock units, and other awards based on our Common Stock, as well as performance-based annual and long-term incentive awards. We are authorized to issue a maximum of 150million shares of our Common Stock under the 2005 Plan, of which no more than 45million shares may be awarded as restricted or deferred stock. In addition, under the Kraft Foods 2006 Stock Compensation Plan for Non-Employee Directors (the 2006 Directors Plan), we may grant up to 500,000 shares of Common Stock to members of the Board of Directors who are not our full-time employees. At December31, 2008, there were 95,075,163 shares available to be granted under the 2005 Plan and 412,996 shares available to be granted under the 2006 Directors Plan. Restricted or deferred shares available for grant under the 2005 Plan at December31, 2008, were 27,229,592. All stock awards are issued to employees from treasury stock. We have no specific policy to repurchase Common Stock to mitigate the dilutive impact of options; however, we have historically made adequate discretionary purchases, based on cash availability, market trends and other factors, to satisfy stock option exercise activity. On January1, 2006, we adopted new guidance related to share-based payments under the modified prospective method. The adoption had an insignificant impact on earnings in 2006. The gross cumulative effect was recorded in marketing, administration and research costs. Stock Option Plan: Stock options are granted at an exercise price equal to the market value of the underlying stock on the grant date, generally become exercisable one-third each year beginning on the first anniversary of the grant date and have a maximum term of ten years. Prior to 2008, we had not granted stock options through a broad-based program since 2002. We account for our employee stock options under the fair value method of accounting using a modified Black-Scholes methodology to measure stock option expense at the date of grant. The fair value of the stock options at the date of grant is amortized to expense over the vesting period. We recorded compensation expense related to stock options of $18 million in 2008. The deferred tax benefit recorded related to this compensation expense was $6 million in 2008. The unamortized compensation expense related to our stock options was $40mi

Note 11. Benefit Plans:

Note 11. Benefit Plans:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 11. Benefit Plans:	Note11. Benefit Plans: Pension Plans Obligations and Funded Status: The projected benefit obligations, plan assets and funded status of our pension plans at December31, 2008 and 2007 were: U.S. Plans Non-U.S. Plans 2008 2007 2008 2007 (in millions) Benefit obligation at January1 $ 5,952 $ 6,286 $ 4,275 $ 4,079 Service cost 149 159 107 101 Interest cost 371 365 257 194 Benefits paid (314 ) (325 ) (269 ) (219 ) Settlements paid (331 ) (260 ) (16 ) Actuarial losses / (gains) 306 (287 ) (542 ) (326 ) Currency (710 ) 423 Other 14 109 23 Benefit obligation at December31 6,133 5,952 3,211 4,275 Fair value of plan assets at January1 7,006 7,027 4,041 3,466 Actual return on plan assets (2,028 ) 545 (761 ) 166 Contributions 53 19 180 269 Benefits paid (314 ) (325 ) (269 ) (219 ) Settlements paid (331 ) (260 ) (16 ) Currency (615 ) 357 Other 58 2 Fair value of plan assets at December31 4,386 7,006 2,618 4,041 Net pension (liability) / asset recognized at December31 $ (1,747 ) $ 1,054 $ (593 ) $ (234 ) The accumulated benefit obligation, which represents benefits earned to the measurement date, was $5,464 million at December31, 2008 and $5,349million at December31, 2007 for the U.S. pension plans. The accumulated benefit obligation for the non-U.S. pension plans was $3,024 million at December31, 2008 and $3,979million at December31, 2007. The combined U.S. and non-U.S. pension plans resulted in a net pension liability of $2,340million at December31, 2008 and a net prepaid pension asset of $820million at December31, 2007. We recognized these amounts in our consolidated balance sheets at December31, 2008 and 2007 as follows: 2008 2007 (in millions) Prepaid pension assets $ 56 $ 1,648 Other accrued liabilities (29 ) (18 ) Accrued pension costs (2,367 ) (810 ) $ (2,340 ) $ 820 Our U.S. and certain of our non-U.S. plans are under funded and have accumulated benefit obligations in excess of plan assets. For these plans, the projected benefit obligations, accumulated benefit obligations and the fair value of plan assets at

Note 12. Financial Instruments:

Note 12. Financial Instruments:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 12. Financial Instruments:	Note12. Financial Instruments: Commodity Cash Flow Hedges: For derivative instruments that are highly effective and qualify for hedge accounting, we expect to transfer unrealized losses of $108million (net of taxes) to earnings during the next 12 months, and recognized an insignificant amount during the years ended December31, 2008, 2007 and 2006. We recorded an insignificant amount of ineffectiveness in earnings during the years ended December31, 2008, 2007 and 2006. For the derivative instruments that we considered economic hedges but did not designate for hedge accounting treatment, we recognized net gains of $56 million in 2007. The impact to earnings was insignificant in 2008 and 2006. As of December31, 2008, we had hedged forecasted commodity transactions for periods not exceeding the next 15 months. Foreign Currency Cash Flow Hedges: For derivative instruments that are highly effective and qualify for hedge accounting treatment, we expect to transfer unrealized gains of $77 million (net of taxes) to earnings during the next 12 months, and recognized an insignificant amount during the years ended December31, 2008, 2007 and 2006. We recorded no ineffectiveness in our foreign currency cash flow hedges in earnings during the years ended December31, 2008, 2007 and 2006. In October 2008, one of our counterparties, Lehman Brothers Commercial Corporation, filed for bankruptcy. Consequently, we wrote off an insignificant asset related to derivatives held with them. This did not have a significant impact on our foreign currency risk management program. For the derivative instruments that we consider economic hedges but did not designate for hedge accounting treatment, we recognized net losses in earnings of $50 million in 2008, $231 million in 2007 and $124 million in 2006. The majority of these losses were attributable to hedges of intercompany loans and were economically offset with foreign currency gains from the intercompany receivable. As of December31, 2008, we had hedged forecasted foreign currency transactions for periods not exceeding the next 36 months. Excluding intercompany loans, we had hedged forecasted foreign currency transactions for periods not exceeding the next 12 months. Impact on Other Comprehensive Losses: Derivatives accounted for as hedges affected accumulated other comprehensive losses, net of taxes, during the years ended December31, 2008, 2007 and 2006, as follows: 2008 2007 2006 (in millions) Accumulated gain / (loss) at beginning of period $ 27 $ (4 ) $ (4 ) Transfer of realized losses / (gains) in fair value to earnings 26 (10 ) 32 Unrealized (loss) / gain in fair value (76 ) 41 (32 ) Accumulated (loss) / gain at December31 $ (23 ) $ 27 $ (4 ) Fair Value: The fair value (asset / (liability)) of our derivatives at December31, 2008 was: Total FairValue QuotedPricesin Active Markets for Identical Assets (Level 1) Significant OtherObservable In

Note 13. Commitments and Contin

Note 13. Commitments and Contingencies:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 13. Commitments and Contingencies:	Note13. Commitments and Contingencies: Legal Proceedings: We are defendants in a variety of legal proceedings. Plaintiffs in a few of those cases seek substantial damages. We cannot predict with certainty the results of these proceedings. However, we believe that the final outcome of these proceedings will not materially affect our financial results. In 2008, we recorded charges of $72 million for legal matters related to certain of our U.S. and European operations, including U.S. coffee operations. Third-Party Guarantees: We have third-party guarantees because of our acquisition, divestiture and construction activities. As part of those transactions, we guarantee that third parties will make contractual payments or achieve performance measures. At December31, 2008, the maximum potential payments under our third-party guarantees were $43 million, of which approximately $8million have no specified expiration dates. Substantially all of the remainder expire at various times through 2018. The carrying amounts of these guarantees were $38 million on our consolidated balance sheet at December31, 2008. Leases: Rental expenses were $505 million in 2008, $433 million in 2007 and $416million in 2006. Minimum rental commitments under non-cancelable operating leases in effect at December31, 2008 were (in millions): 2009 $ 250 2010 193 2011 142 2012 91 2013 49 Thereafter 71

Note 14. Income Taxes:

Note 14. Income Taxes:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 14. Income Taxes:	Note14. Income Taxes: Earnings from continuing operations before income taxes and provision for income taxes consisted of the following for the years ended December31, 2008, 2007 and 2006: 2008 2007 2006 (in millions; as revised) Earnings from continuing operations before income taxes: United States $ 1,341 $ 2,325 $ 2,419 Outside United States 1,262 1,247 1,229 Total $ 2,603 $ 3,572 $ 3,648 Provision for income taxes: United States federal: Current $ 392 $ 649 $ 509 Deferred (13 ) (270 ) (118 ) 379 379 391 State and local: Current 62 175 77 Deferred (21 ) (69 ) (35 ) 41 106 42 Total United States 420 485 433 Outside United States: Current 507 649 398 Deferred (172 ) (54 ) (15 ) Total outside United States 335 595 383 Total provision for income taxes $ 755 $ 1,080 $ 816 Additionally, the 2008 earnings and gain from discontinued operations from the split-off of the Post cereals business included a net tax benefit of $104 million. As of January1, 2008, our unrecognized tax benefits were $850 million. If we had recognized all of these benefits, the net impact on our income tax provision would have been $666 million. Our unrecognized tax benefits were $807 million at December31, 2008, and if we had recognized all of these benefits, the net impact on our income tax provision would have been $612 million. We expect that our unrecognized tax benefits will decrease approximately $70 million to $75 million during the next 12 months due to various audit resolutions and the expirations of statutes of limitations. We include accrued interest and penalties related to uncertain tax positions in our tax provision. We had accrued interest and penalties of $232 million as of January1, 2008 and $239 million as of December31, 2008. Our 2008 provision for income taxes included $17 million for interest and penalties, and we paid $6 million during 2008. Furthermore, in 2008, we decreased our interest and penalties accrual by $4 million due to refinements of preliminary allocations of purchase price for our acquisition of LU Biscuit. The changes in our unrecognized tax benefits for the years ended December31, 2008 and 2007 were (in millions): 2008 2007 January1 $ 850 $ 667

Note 15. Earnings Per Share:

Note 15. Earnings Per Share:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 15. Earnings Per Share:	Note15. Earnings Per Share: Basic and diluted EPS from continuing and discontinued operations were calculated using the following: For the Years Ended December31, 2008 2007 2006 (in millions, except per share data; as revised) Earnings from continuing operations $ 1,848 $ 2,492 $ 2,832 Earnings and gain from discontinued operations, net of income taxes 1,045 232 233 Net earnings 2,893 2,724 3,065 Noncontrolling interest 9 3 5 Net earnings attributable to Kraft Foods $ 2,884 $ 2,721 $ 3,060 Weighted-average shares for basic EPS 1,505 1,591 1,659 Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares 10 9 2 Weighted-average shares for diluted EPS 1,515 1,600 1,661 Basic earnings per share attributable to Kraft Foods: Continuing operations $ 1.22 $ 1.56 $ 1.70 Discontinued operations 0.70 0.15 0.14 Net earnings attributable to Kraft Foods $ 1.92 $ 1.71 $ 1.84 Diluted earnings per share attributable to Kraft Foods: Continuing operations $ 1.21 $ 1.56 $ 1.70 Discontinued operations 0.69 0.14 0.14 Net earnings attributable to Kraft Foods $ 1.90 $ 1.70 $ 1.84 For the year ended December31, 2008, we excluded 11.3million Kraft Foods stock options from the calculation of weighted-average shares for diluted EPS because they were antidilutive. For the years ended December31, 2007 and 2006, we excluded an insignificant number of Kraft Foods stock options from the calculation of weighted-average shares for diluted EPS because they were antidilutive.

Note 16. Transactions with Altr

Note 16. Transactions with Altria Group, Inc.:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 16. Transactions with Altria Group, Inc.:	Note16. Transactions with Altria Group, Inc.: On March30, 2007, we entered into a post-spin Transition Services Agreement with Altrias subsidiary, Altria Corporate Services, Inc. (ALCS). Under the agreement, ALCS provided information technology services to Kraft Foods during the EDS transition. Before our spin-off from Altria, ALCS provided pre-spin administrative services to us under a separate Corporate Services agreement that expired on March30, 2007. These services included planning, legal, treasury, auditing, insurance, human resources, office of the secretary, corporate affairs, information technology, aviation and tax services. Billings for these services were $29 million in 2007 and $178million in 2006. As of January1, 2008, ALCS no longer provided services to Kraft Foods. On March30, 2007, we also entered into Employee Matters and Tax Sharing Agreements with Altria.The Employee Matters Agreement set out each companys obligations for employee transfers, equity compensation and other employee benefits matters for individuals moving, or who previously moved between companies. The Tax Sharing Agreement identified Altrias and Kraft Foods rights, responsibilities and obligations with respect to our income taxes following our spin-off from Altria. It also placed certain restrictions on us, including a 2-year limit on share repurchases of no more than 20% of our Common Stock outstanding at the time of our spin-off from Altria. Also, see Note14, Income Taxes, for information on how the closure of an IRS review of Altrias consolidated federal income tax return in 2006 impacted us.

Note 17. Segment Reporting:

Note 17. Segment Reporting:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 17. Segment Reporting:	Note17. Segment Reporting: Kraft Foods manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. We manage and report operating results through three commercial units: Kraft Foods North America, Kraft Foods Europe and Kraft Foods Developing Markets. We manage the operations of Kraft Foods North America and Kraft Foods Europe by product category, and we manage the operations of Kraft Foods Developing Markets by geographic location. Our reportable segments are U.S. Beverages, U.S. Cheese,U.S. Convenient Meals, U.S. Grocery, U.S. Snacks (formerly known as U.S. Snacks Cereals) and Canada North America Foodservice, Kraft Foods Europe (formerly known as European Union) and Kraft Foods Developing Markets. Effective January 2009, we began implementing changes to our operating structure based on our Organizing For Growth initiative and Kraft Foods Europe Reorganization. These financial statements were revised to report the results of operations under this new structure. In line with our strategies, we are reorganizing our European operations to function on a pan-European centralized category management and value chain model, and we changed how we work in Europe in two key ways: We transitioned our European Biscuit, Chocolate, Coffee and Cheese categories to fully integrated business units, further strengthening our focus on these core categories. To ensure decisions are made faster and closer to our customers and consumers, each category is fully accountable for its financial results, including marketing, manufacturing and RD. Category leadership, based in Zurich, Switzerland, reports to the Kraft Foods Europe President. These business units now comprise the Kraft Foods Europe segment. We aligned the reporting of our Central Europe operations into our Kraft Foods Developing Markets segment to help build critical scale in these countries. We operate a country-led model in these markets. Effective August4, 2008, we completed the split-off of the Post cereals business. The results of the Post cereals business were reflected as discontinued operations on the consolidated statement of earnings and prior period results were revised in a consistent manner. In 2008, we implemented a new operating structure. As a result, we began reporting the results of operations under this new structure in the first quarter of 2008 and revised results from prior periods in a consistent manner. The changes were: U.S. Cheese was organized as a standalone operating segment in order to create a more self-contained and integrated business unit in support of faster growth. Our macaroniand cheese category, as well as other dinner products, were moved from our U.S. Convenient Meals segment to our U.S. Grocery segment to take advantage of operating synergies. Canada and North America Foodservice were structured as a standalone reportable segment. This change allows us to deliver on the unique requirements of the Canadian consumer and customer while maintaining strong North American linkages to innovation, new product development and n

Note 18. Quarterly Financial Da

Note 18. Quarterly Financial Data (Unaudited):
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 18. Quarterly Financial Data (Unaudited):	Note18. Quarterly Financial Data (Unaudited): 2008 Quarters First Second Third Fourth (in millions, except per share data; as revised) Net revenues $ 10,046 $ 10,804 $ 10,401 $ 10,681 Gross profit $ 3,301 $ 3,868 $ 3,305 $ 3,370 Earnings from continuing operations $ 547 $ 678 $ 520 $ 103 Earnings and gain from discontinued operations, net of income taxes 54 69 845 77 Net earnings 601 747 1,365 180 Noncontrolling interest 2 2 3 2 Net earnings attributable to Kraft Foods $ 599 $ 745 $ 1,362 $ 178 Weighted average shares for diluted EPS 1,542 1,532 1,503 1,481 Per share data: Basic EPS attributable to Kraft Foods: Continuing operations $ 0.35 $ 0.44 $ 0.34 $ 0.07 Discontinued operations 0.04 0.05 0.57 0.05 Net earnings attributable to Kraft Foods $ 0.39 $ 0.49 $ 0.91 $ 0.12 Diluted EPS attributable to Kraft Foods: Continuing operations $ 0.35 $ 0.44 $ 0.34 $ 0.07 Discontinued operations 0.04 0.05 0.57 0.05 Net earnings attributable to Kraft Foods $ 0.39 $ 0.49 $ 0.91 $ 0.12 Dividends declared $ 0.27 $ 0.27 $ 0.29 $ 0.29 Market price high $ 32.85 $ 32.99 $ 34.97 $ 34.05 low $ 28.63 $ 28.33 $ 28.04 $ 24.75 Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not equal the total for the year. During the fourth quarter of 2008, we increased our gain on discontinued operations by $77 million to correct for a deferred tax liability that should have been written-off upon the split-off of the Post cereals business. As such, our gain from the split-off of the Post cereals business was $926 million. During 2008, we recorded the following pre-tax charges / (gains) in earnings from continuing operations: 2008 Quarters First Second Third Fourth (in millions) Asset impairment and exit costs $ 80 $ 103 $ 123 $ 718 Losses / (gains) on divestitures, net 18 74 1 (1 ) $ 98 $ 177 $ 124 $ 717 2007 Quarters First Second Third Fourth (in millions, except per share data; as revised)

Note 19. Subsequent Events:

Note 19. Subsequent Events:
	12 Months Ended Dec. 31, 2008 USD / shares
Notes to Financial Statements [Abstract]
Note 19. Subsequent Events:	Note 19. Subsequent Events: On September 7, 2009, we disclosed that we approached the Board of Cadbury plc (Cadbury) with a proposal to combine the two companies. The Board of Cadbury has rejected this proposal. We remain interested in working toward a recommended transaction. We proposed an offer for Cadbury (the Possible Offer) of 300 pence in cash and 0.2589 new Kraft Foods shares per Cadbury share. This valued each Cadbury share at 745 pence (based on the closing price of $28.10 for a Kraft Foods share on September 4, 2009 and an exchange rate of 1,6346 $/) and valued the entire issued share capital of Cadbury at 10.2 billion (approximately $16.7 billion). The combination would build on Kraft Foods position as a global powerhouse in snacks, confectionery and quick meals with a rich portfolio of iconic brands. The Possible Offer contained several criteria, including our ability to obtain satisfactory financing, on the basis that we would maintain an investment-grade credit rating, and the right to change our offer at any time. Pursuant to the U.K. City Code on Takeovers and Mergers, the U.K. Takeover Panel set a deadline of November 9, 2009 for us to formally make an offer for Cadbury, or walk away. We evaluated subsequent events through November3, 2009 and included all accounting and disclosure requirements related to subsequent events in our financial statements.

Document Information

Document Information
	12 Months Ended Dec. 31, 2008 USD / shares
Document Information [Text Block]
Document Type	8-K
Amendment Flag	false
Document Period End Date	2009-11-03

Entity Information

Entity Information
	12 Months Ended Dec. 31, 2008 USD / shares
Entity [Text Block]
Trading Symbol	KFT
Entity Registrant Name	KRAFT FOODS INC
Entity Central Index Key	0001103982