Kraft 2005 Annual Report Download - page 77

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MERRILL CORPORATION FLANGST// 9-MAR-06 02:25 DISK126:[06CHI5.06CHI1135]EA1135A.;8
mrll.fmt Free: 65D*/120D Foot: 0D/ 0D VJ RSeq: 2 Clr: 0
DISK024:[PAGER.PSTYLES]UNIVERSAL.BST;51
KRAFT FOODS-FSC CERTIFIED-10K/AR Proj: P1102CHI06 Job: 06CHI1135 File: EA1135A.;8
Merrill Corporation/Chicago (312) 786-6300 Page Dim: 8.250X 10.750Copy Dim: 38. X 54.3
Net revenues by consumer sector, which include the separation of Canada and North America
Foodservice into sector components, were as follows for the years ended December 31, 2005, 2004 and
2003:
For the Year Ended December 31, 2005
Kraft North Kraft
America International
Commercial Commercial Total
(in millions)
Consumer Sector:
Snacks ........................................ $ 5,372 $ 4,161 $ 9,533
Beverages ..................................... 3,320 3,840 7,160
Cheese & Dairy ................................. 4,952 1,568 6,520
Grocery ....................................... 4,613 876 5,489
Convenient Meals ................................ 5,036 375 5,411
Total net revenues .............................. $23,293 $10,820 $34,113
For the Year Ended December 31, 2004
Kraft North Kraft
America International
Commercial Commercial Total
(in millions)
Consumer Sector:
Snacks ........................................ $ 5,106 $ 3,895 $ 9,001
Beverages ..................................... 2,990 3,506 6,496
Cheese & Dairy ................................. 4,762 1,455 6,217
Grocery ....................................... 4,426 882 5,308
Convenient Meals ................................ 4,776 370 5,146
Total net revenues .............................. $22,060 $10,108 $32,168
For the Year Ended December 31, 2003
Kraft North Kraft
America International
Commercial Commercial Total
(in millions)
Consumer Sector:
Snacks ........................................ $ 4,974 $ 3,630 $ 8,604
Beverages ..................................... 2,823 3,338 6,161
Cheese & Dairy ................................. 4,242 1,392 5,634
Grocery ....................................... 4,346 839 5,185
Convenient Meals ................................ 4,552 362 4,914
Total net revenues .............................. $20,937 $ 9,561 $30,498
Items affecting the comparability of the Company’s continuing operating results were as follows:
•Asset Impairment, Exit and Implementation Costs—As discussed in Note 3. Asset Impairment, Exit
and Implementation Costs, the Company recorded charges for these items of $566 million,
$700 million and $6 million for the years ended December 31, 2005, 2004 and 2003, respectively.
See Note 3 for the breakdown of these pre-tax charges by segment.
•(Gains) Losses on Sales of Businesses—During 2005, the Company sold its fruit snacks assets,
U.K. desserts assets, U.S. yogurt assets, a small business in Colombia, a minor trademark in
Mexico and a small equity investment in Turkey for aggregate pre-tax gains of $108 million. During
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