Kraft 2010 Annual Report Download - page 80

Note 9. Accumulated Other Comprehensive Earnings / (Losses):
The components of accumulated other comprehensive earnings / (losses) were:
Currency
Translation
Adjustments
Pension and
Other Benefits
Derivatives
Accounted for
as Hedges Total
(in millions)
Balances at January 1, 2008 $ (51) $ (1,811) $ 27 $ (1,835)
Other comprehensive earnings / (losses), net of income taxes:
Currency translation adjustments (2,348) 114 - (2,234)
Amortization of experience losses and prior service costs - 98 - 98
Settlement losses - 48 - 48
Net actuarial loss arising during period - (2,021) - (2,021)
Change in fair value of cash flow hedges - - (50) (50)
Total other comprehensive losses (4,159)
Balances at December 31, 2008 $ (2,399) $ (3,572) $ (23) $ (5,994)
Other comprehensive earnings / (losses), net of income taxes:
Currency translation adjustments 1,893 (116) - 1,777
Amortization of experience losses and prior service costs - 126 - 126
Settlement losses - 76 - 76
Net actuarial loss arising during period - (64) - (64)
Change in fair value of cash flow hedges - - 124 124
Total other comprehensive earnings 2,039
Balances at December 31, 2009 $ (506) $ (3,550) $ 101 $ (3,955)
Other comprehensive earnings / (losses), net of income taxes: - - - -
Currency translation adjustments 195 (13) - 182
Amortization of experience losses and prior service costs - 186 - 186
Settlement losses - 96 - 96
Net actuarial loss arising during period - (377) - (377)
Change in fair value of cash flow hedges - - (22) (22)
Total other comprehensive earnings 65
Balances at December 31, 2010 $ (311) $ (3,658) $ 79 $ (3,890)
Note 10. Stock Plans:
We align our annual and long-term incentive compensation programs with shareholder returns. Under the Amended and Restated 2005 Performance Incentive
Plan (the "2005 Plan"), we may grant to eligible employees awards of stock options, stock appreciation rights, restricted stock, restricted and deferred stock
units, and other awards based on our Common Stock, as well as performance-based annual and long-term incentive awards. We are authorized to issue a
maximum of 168.0 million shares of our Common Stock under the 2005 Plan. In addition, under the Kraft Foods 2006 Stock Compensation Plan for Non-
Employee Directors (the "2006 Directors Plan"), we may grant up to 500,000 shares of our Common Stock to members of the Board of Directors who are not
our full-time employees. At December 31, 2010, there were 73,897,346 shares available to be granted under the 2005 Plan and 326,766 shares available to be
granted under the 2006 Directors Plan. Restricted or deferred shares available for grant under the 2005 Plan at December 31, 2010, were 23,599,273.
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