Kraft 2004 Annual Report Download - page 86

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2003 Quarters
First Second Third Fourth
(in millions)
Asset impairment and exit costs ....................... $ 6
Integration costs .................................. $ (13)
Gains on sales of businesses ........................ (23) (8)
$ — $ — $ (17) $ (21)
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure.
None
Item 9A. Controls and Procedures.
The Company carried out an evaluation, with the participation of the Company’s management,
including the Company’s Chief Executive Officer and Chief Financial Officer, of the effectiveness of the
Company’s disclosure controls and procedures (pursuant to Rule 13a-15(e) under the Securities
Exchange Act of 1934, as amended) as of the end of the period covered by this report. Based upon that
evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s
disclosure controls and procedures are effective in timely alerting them to material information relating to
the Company (including its consolidated subsidiaries) required to be included in the Company’s reports
filed or submitted under the Securities Exchange Act of 1934, as amended. Our management evaluated,
with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, any change in
the Company’s internal control over financial reporting and determined that there has been no change in
the Company’s internal control over financial reporting during the quarter ended December 31, 2004 that
has materially affected, or is reasonably likely to materially affect, the Company’s internal control over
financial reporting.
See also ‘‘Report of Management on Internal Control over Financial Reporting’’ in Item 8.
Item 9B. Other Information.
None.
85