Kraft 2009 Annual Report Download - page 78

Total Restructuring Program Costs:
We included the asset impairment, exit and implementation costs discussed above, for the years ended December 31, 2008 and 2007 in segment
operating income as follows:
For the Year Ended December 31, 2008
Restructuring
Costs
Implementation
Costs Total
(in millions)
Kraft Foods North America:
U.S. Beverages $ 59 $ 8 $ 67
U.S. Cheese 31 7 38
U.S. Convenient Meals 31 7 38
U.S. Grocery 36 5 41
U.S. Snacks 72 9 81
Canada & N.A. Foodservice 100 10 110
Kraft Foods Europe 418 56 474
Kraft Foods Developing Markets 137 3 140
Total - continuing operations 884 105 989
Discontinued operations - - -
Total $ 884 $ 105 $ 989
For the Year Ended December 31, 2007
Restructuring
Costs
Implementation
Costs Total
(in millions)
Kraft North America:
U.S. Beverages $ 12 $ 7 $ 19
U.S. Cheese 50 25 75
U.S. Convenient Meals 20 15 35
U.S. Grocery 25 7 32
U.S. Snacks 17 15 32
Canada & N.A. Foodservice 50 2 52
Kraft Foods Europe 108 44 152
Kraft Foods Developing Markets 38 12 50
Total - continuing operations 320 127 447
Discontinued operations 12 - 12
Total $ 332 $ 127 $ 459
Note 7. Debt and Borrowing Arrangements:
Short-Term Borrowings:
At December 31, 2009 and 2008, our short-term borrowings and related average interest rates consisted of:
2009 2008
Amount
Outstanding
Average
Year-End Rate
Amount
Outstanding
Average
Year-End Rate
(in millions) (in millions)
Commercial paper $ 262 0.5% $ 606 2.6%
Bank loans 191 10.5% 291 13.0%
Total short-term borrowings $ 453 $ 897
The fair values of our short-term borrowings at December 31, 2009 and 2008, based upon current market interest rates, approximate the amounts
disclosed above.
Borrowing Arrangements:
On November 30, 2009, we entered into a revolving credit agreement for a $4.5 billion three-year senior unsecured revolving credit facility. The
agreement replaced our former revolving credit agreement, which was terminated upon
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Source: KRAFT FOODS INC, 10-K, February 25, 2010 Powered by Morningstar® Document Research℠