Kraft 2009 Annual Report Download - page 3
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Kraft Foods Inc.
Table of Contents
Page No.
Part I -
Item 1. Business 1
Item 1A. Risk Factors 10
Item 1B. Unresolved Staff Comments 14
Item 2. Properties 14
Item 3. Legal Proceedings 14
Item 4. Submission of Matters to a Vote of Security Holders 14
Part II -
Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters
and Issuer Purchases of Equity Securities 15
Item 6. Selected Financial Data 17
Item 7.
Management’s Discussion and Analysis of Financial Condition and
Results of Operations 18
Discussion and Analysis 19
Critical Accounting Policies 37
Commodity Trends 43
Liquidity 44
Off-Balance Sheet Arrangements and Aggregate Contractual
Obligations 47
Equity and Dividends 48
Item 7A. Quantitative and Qualitative Disclosures about Market Risk 53
Item 8. Financial Statements and Supplementary Data
Consolidated Statements of Earnings for the years ended December 31,
2009, 2008 and 2007 55
Consolidated Balance Sheets at December 31, 2009 and 2008 56
Consolidated Statements of Equity for the years ended December 31,
2009, 2008 and 2007 57
Consolidated Statements of Cash Flows for the years ended
December 31, 2009, 2008 and 2007 58
Notes to Consolidated Financial Statements 59
Item 9.
Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure 105
Item 9A. Controls and Procedures 105
Report of Management on Internal Control over Financial Reporting 106
Report of Independent Registered Public Accounting Firm 107
Item 9B. Other Information 108
Part III -
Item 10. Directors, Executive Officers and Corporate Governance 108
Item 11. Executive Compensation 108
Item 12.
Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters 108
Item 13.
Certain Relationships and Related Transactions, and Director
Independence 108
Item 14. Principal Accountant Fees and Services 108
Part IV -
Item 15. Exhibits and Financial Statement Schedules 109
Signatures 112
Report of Independent Registered Public Accounting Firm
on Financial Statement Schedule S-1
Valuation and Qualifying Accounts S-2
In this report, “Kraft Foods,” “we,” “us” and “our” refers to Kraft Foods Inc. and subsidiaries, and “Common Stock” refers to Kraft Foods’ Class A
common stock.
i
Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research℠