Kraft 2009 Annual Report Download - page 204

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In 2007, we received $216 million in net proceeds and recorded pre-tax gains of $14 million on the divestitures of our
hot cereal assets and trademarks, our sugar confectionery assets in Romania and related trademarks and our
flavored water and juice brand assets and related trademarks, including Veryfine and Fruit2O. We recorded an
after-tax loss of $5 million on these divestitures to reflect the differing book and tax bases of our hot cereal assets
and trademarks divestiture.
These gains and losses on divestitures do not reflect the related asset impairment charges discussed in Note 5,
Goodwill and Intangible Assets.
The aggregate operating results of the divestitures discussed above, other than the divestiture of the Post cereals
business, were not material to our financial statements in any of the periods presented. Refer to Note 16, Segment
Reporting, for details of the gains and losses on divestitures by segment.
Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research℠