Kraft 2001 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2001 Kraft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 66

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66

Kraft Foods Inc.
42
(in millions of dollars, except per share data)
Accumulated Other Comprehensive Losses
Class A and B Additional Earnings Currency Total
Common Paid-in Reinvested in Translation Shareholders’
Stock Capital the Business Adjustments Other Total Equity
Balances, January 1, 1999 $
—
$16,493 $
—
$(1,349) $ (10) $(1,359) $15,134
Comprehensive earnings:
Net earnings 1,753 1,753
Other comprehensive losses, net of
income taxes:
Currency translation adjustments (392) (392) (392)
Additional minimum pension liability (18) (18) (18)
Total other comprehensive losses (410)
Total comprehensive earnings 1,343
Dividends declared (1,263) (1,753) (3,016)
Balances, December 31, 1999
—
15,230
—
(1,741) (28) (1,769) 13,461
Comprehensive earnings:
Net earnings 2,001 2,001
Other comprehensive losses, net of
income taxes:
Currency translation adjustments (397) (397) (397)
Additional minimum pension liability (8) (8) (8)
Total other comprehensive losses (405)
Total comprehensive earnings 1,596
Dividends declared (1,009) (1,009)
Balances, December 31, 2000
—
15,230 992 (2,138) (36) (2,174) 14,048
Comprehensive earnings:
Net earnings 1,882 1,882
Other comprehensive losses, net of
income taxes:
Currency translation adjustments (298) (298) (298)
Additional minimum pension liability (78) (78) (78)
Change in fair value of derivatives
accounted for as hedges (18) (18) (18)
Total other comprehensive losses (394)
Total comprehensive earnings 1,488
Sale of Class A common stock to public 8,425 8,425
Dividends declared ($0.26 per share) (483) (483)
Balances, December 31, 2001 $
—
$23,655 $2,391 $(2,436) $(132) $(2,568) $23,478
See notes to consolidated financial statements.
Consolidated Statements of Shareholders’ Equity