Kraft 2010 Annual Report Download - page 79

Acquisition-related financing fees include hedging and foreign currency impacts associated with the Cadbury acquisition and other fees associated with the
Cadbury Bridge Facility.
Note 8. Capital Stock:
Our articles of incorporation authorize 5.0 billion shares of Class A common stock and 500 million shares of preferred stock. In 2010, we combined our
Class B common stock authorization with our Class A common stock authorization. Accordingly, we only have a single class of Class A common stock
authorized. Shares of Class A common stock issued, repurchased and outstanding were:
Shares Issued
Shares
Repurchased
Shares
Outstanding
Balance at January 1, 2008 1,735,000,000 (201,222,380) 1,533,777,620
Repurchase of shares - (25,272,255) (25,272,255)
Shares tendered - (46,119,899) (46,119,899)
Exercise of stock options and issuance of other stock awards - 6,915,974 6,915,974
Balance at December 31, 2008 1,735,000,000 (265,698,560) 1,469,301,440
Exercise of stock options and issuance of other stock awards - 8,583,463 8,583,463
Balance at December 31, 2009 1,735,000,000 (257,115,097) 1,477,884,903
Shares issued 261,537,778 - 261,537,778
Exercise of stock options and issuance of other stock awards - 8,643,868 8,643,868
Balance at December 31, 2010 1,996,537,778 (248,471,229) 1,748,066,549
There were no Class B common shares or preferred shares issued and outstanding at December 31, 2010, 2009 and 2008. At December 31, 2010, 136,402,967
shares of Common Stock were reserved for stock options and other stock awards.
In 2010, we issued 262 million additional shares of our Common Stock as part of the Cadbury acquisition. The issued stock had a total fair value of $7,457
million based on the average of the high and low market prices on the dates of issuance.
On August 4, 2008, we completed the split-off of the Post cereals business. In this transaction, approximately 46 million shares of Kraft Foods Common
Stock were tendered for $1,644 million.
On March 30, 2007, our Board of Directors had authorized a $5.0 billion share repurchase program that expired on March 30, 2009. We did not repurchase
any shares in 2010 or 2009.
Share Repurchase
Program
Authorized by the Board of Directors $5.0 billion
Authorized / completed period for repurchase April 2007 - March 2009
Aggregate cost of shares repurchased in 2008 (millions of shares) $777 million (25.3 shares)
Aggregate cost of shares repurchased life-to-date under program (millions of shares) $4.3 billion (130.9 shares)
In total, we repurchased 25.3 million shares for $777 million in 2008 under this program. We made these repurchases of our Common Stock in open market
transactions.
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