Kraft 2009 Annual Report Download - page 231

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Earnings Per Share:
Earnings Per Share:
(USD $)
12 Months Ended
12/31/2009
Earnings Per Share: Note 15. Earnings Per Share:
Basic and diluted EPS from continuing and discontinued operations were calculated using the following:
For the Years Ended December 31,
2009 2008 2007
(in millions, except per share data)
Earnings from continuing operations $ 3,028 $ 1,848 $ 2,492
Earnings and gain from discontinued
operations, net of income taxes - 1,045 232
Net earnings 3,028 2,893 2,724
Noncontrolling interest 7 9 3
Net earnings attributable to Kraft
Foods $ 3,021 $ 2,884 $ 2,721
Weighted-average shares for basic EPS 1,478 1,505 1,591
Plus incremental shares from assumed
conversions of stock options and
long-term incentive plan shares 8 10 9
Weighted-average shares for diluted EPS 1,486 1,515 1,600
Basic earnings per share attributable
to Kraft Foods:
Continuing operations $ 2.04 $ 1.22 $ 1.56
Discontinued operations - 0.70 0.15
Net earnings attributable to Kraft
Foods $ 2.04 $ 1.92 $ 1.71
Diluted earnings per share attributable to
Kraft Foods:
Continuing operations $ 2.03 $ 1.21 $ 1.56
Discontinued operations - 0.69 0.14
Net earnings attributable to Kraft
Foods $ 2.03 $ 1.90 $ 1.70
We exclude antidilutive Kraft Foods stock options from our calculation of weighted-average shares for diluted EPS. We
excluded 23.0 million antidilutive options for the year ended December 31, 2009 and 11.3 million antidilutive options for the
year ended December 31, 2008. We excluded an insignificant number of antidilutive options for the year ended December 31,
2007.
Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research