Kraft 2005 Annual Report Download - page 78

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MERRILL CORPORATION FLANGST// 9-MAR-06 02:25 DISK126:[06CHI5.06CHI1135]EA1135A.;8
mrll.fmt Free: 225D*/2905D Foot: 0D/ 0D VJ RSeq: 3 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
2004, the Company sold a Brazilian snack nuts business and trademarks associated with a candy
business in Norway for aggregate pre-tax losses of $3 million. During 2003, the Company sold a
European rice business and a branded fresh cheese business in Italy for aggregate pre-tax gains
of $31 million. These pre-tax (gains) losses were included in the operating companies income of
the following segments:
For the Years Ended
December 31,
2005 2004 2003
(in millions)
U.S. Cheese, Canada & North America Foodservice ............... $ (1) $— $—
U.S. Grocery ........................................... 2
Europe, Middle East & Africa ............................... (113) (5) (31)
Latin America & Asia Pacific ................................ 4 8
(Gains) losses on sales of businesses ....................... $(108) $ 3 $(31)
See Notes 5 and 6, respectively, regarding divestitures and acquisitions.
For the Years Ended
December 31,
2005 2004 2003
(in millions)
Depreciation expense from continuing operations:
U.S. Beverages ........................................ $ 60 $ 56 $ 57
U.S. Cheese, Canada & North America Foodservice ............. 166 169 154
U.S. Convenient Meals .................................. 98 90 83
U.S. Grocery .......................................... 36 54 53
U.S. Snacks & Cereals .................................. 191 186 186
Europe, Middle East & Africa .............................. 253 252 221
Latin America & Asia Pacific ............................... 63 57 45
Total depreciation expense from continuing operations .......... 867 864 799
Depreciation expense from discontinued operations ............... 2 4 5
Total depreciation expense .............................. $ 869 $ 868 $ 804
For the Years Ended
December 31,
2005 2004 2003
(in millions)
Capital expenditures from continuing operations:
U.S. Beverages ........................................ $ 135 $ 84 $ 81
U.S. Cheese, Canada & North America Foodservice ............. 214 183 157
U.S. Convenient Meals .................................. 121 121 149
U.S. Grocery .......................................... 54 48 59
U.S. Snacks & Cereals .................................. 196 177 221
Europe, Middle East & Africa .............................. 330 307 276
Latin America & Asia Pacific ............................... 121 82 126
Total capital expenditures from continuing operations ........... 1,171 1,002 1,069
Capital expenditures from discontinued operations ................ 4 16
Total capital expenditures ............................... $1,171 $1,006 $1,085
77
6 C Cs: 44518