Kraft 2009 Annual Report Download - page 73

Note 3. Inventories:
Inventories at December 31, 2009 and 2008 were:
2009 2008
(in millions)
Raw materials $ 1,410 $ 1,568
Finished product 2,365 2,313
Inventories, net $ 3,775 $ 3,881
Note 4. Property, Plant and Equipment:
Property, plant and equipment at December 31, 2009 and 2008 were:
2009 2008
(in millions)
Land and land improvements $ 492 $ 462
Buildings and building equipment 4,231 3,913
Machinery and equipment 13,872 12,590
Construction in progress 828 850
19,423 17,815
Accumulated depreciation (8,730) (7,898)
Property, plant and equipment, net $ 10,693 $ 9,917
Refer to Note 5, Goodwill and Intangible Assets, for asset impairment charges taken against property, plant and equipment.
Note 5. Goodwill and Intangible Assets:
At December 31, 2009 and 2008, goodwill by reportable segment was:
2009 2008
(in millions)
Kraft Foods North America:
U.S. Beverages $ 1,290 $ 1,290
U.S. Cheese 3,000 3,000
U.S. Convenient Meals 1,460 1,460
U.S. Grocery 3,046 3,046
U.S. Snacks 6,948 6,965
Canada & N.A. Foodservice 2,340 2,306
Kraft Foods Europe (1)
6,756 5,893
Kraft Foods Developing Markets 3,924 3,621
Total goodwill $ 28,764 $ 27,581
(1) This segment was formerly known as European Union.
As discussed in Note 16, Segment Reporting, we implemented changes to our operating structure in 2009. As a result of these changes, we
aligned the reporting of our Central Europe operations into our Kraft Foods Developing Markets segment and moved $1,534 million of goodwill
from Kraft Foods Europe to Kraft Foods Developing Markets.
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Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research℠