Kraft 2006 Annual Report Download - page 88

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Geographic data for net revenues, total assets and long-lived assets (which consist of all non-current assets, other than goodwill, other intangible assets, net,
and prepaid pension assets) were as follows:
For the Years Ended
December 31,
2006
2005
2004
(in millions)
Net revenues:
United States $ 20,931 $ 21,054 $ 20,057
Europe 7,817 7,678 7,205
Other 5,608 5,381 4,906
Total net revenues $ 34,356 $ 34,113 $ 32,168
Total assets:
United States $ 39,595 $ 42,851 $ 44,293
Europe 11,420 9,935 10,872
Other 4,559 4,842 4,763
Total assets $ 55,574 $ 57,628 $ 59,928
Long-lived assets:
United States $ 5,885 $ 6,153 $ 5,998
Europe 2,528 2,663 3,010
Other 2,009 1,878 1,818
Total long-lived assets $ 10,422 $ 10,694 $ 10,826
Note 15. Benefit Plans:
In September 2006, the FASB issued SFAS No. 158, "Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans" ("SFAS
No. 158"). SFAS No. 158 requires that employers recognize the funded status of their defined benefit pension and other postretirement plans on the consolidated
balance sheet and record as a component of other comprehensive income, net of tax, the gains or losses and prior service costs or credits that have not been
recognized as components of net periodic benefit cost. The Company adopted the recognition and related disclosure provisions of SFAS No. 158, prospectively,
on December 31, 2006.
SFAS No. 158 also requires an entity to measure plan assets and benefit obligations as of the date of its fiscal year-end statement of financial position for
fiscal years ending after December 15, 2008. The Company's non-U.S. pension plans (other than Canadian pension plans) are measured at September 30 of each
year. The Company expects to adopt the measurement date provision of SFAS No. 158 and measure these plans as of December 31 of each year beginning
December 31, 2008. The Company is presently evaluating the impact of the measurement date change, which is not expected to be significant.
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Source: KRAFT FOODS INC, 10-K, March 01, 2007