Kraft 2010 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 15
Item 2. Properties 15
Item 3. Legal Proceedings 16
Part II -
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 17
Item 6. Selected Financial Data 19
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 20
Discussion and Analysis 21
Critical Accounting Policies 39
Commodity Trends 45
Liquidity 46
Off-Balance Sheet Arrangements and Aggregate Contractual Obligations 48
Equity and Dividends 50
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 100
Item 9A. Controls and Procedures 100
Report of Management on Internal Control over Financial Reporting 101
Report of Independent Registered Public Accounting Firm 102
Item 9B. Other Information 103
Part III -
Item 10. Directors, Executive Officers and Corporate Governance 103
Item 11. Executive Compensation 103
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 103
Item 13. Certain Relationships and Related Transactions, and Director Independence 103
Item 14. Principal Accountant Fees and Services 103
Part IV -
Item 15. Exhibits and Financial Statement Schedules 104
Signatures 107
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.
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