Kraft 2012 Annual Report Download - page 59

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Note 3. Inventories
Inventories at December 29, 2012 and December 31, 2011 were:
2012 2011
(in millions)
Raw materials $ 535 $ 562
Work in process 326 373
Finished product 1,067 1,008
Inventories, net $ 1,928 $ 1,943
Note 4. Property, Plant and Equipment
Property, plant and equipment at December 29, 2012 and December 31, 2011 were:
2012 2011
(in millions)
Land and land improvements $ 119 $ 124
Buildings and building improvements 1,996 1,984
Machinery and equipment 5,922 5,764
Construction in progress 365 297
8,402 8,169
Accumulated depreciation (4,198) (3,891)
Property, plant and equipment, net $ 4,204 $ 4,278
Asset impairments:
See our discussion of restructuring charges within Note 6, Restructuring Program, for additional information.
Note 5. Goodwill and Intangible Assets
At December 29, 2012 and December 31, 2011, goodwill by reportable segment was:
2012 2011
(in millions)
Beverages $ 1,290 $ 1,290
Cheese 3,000 3,000
Refrigerated Meals 985 985
Grocery 4,216 4,216
International & Foodservice 1,855 1,825
Goodwill $ 11,346 $ 11,316
Intangible assets were $2.6 billion at December 29, 2012 and December 31, 2011 and consist primarily of indefinite-lived
trademarks on brands remaining in our portfolio that we acquired through our former parent company’s acquisition of
Nabisco Holdings Corp.
Changes in goodwill and intangible assets consisted of:
2012 2011
Goodwill
Intangible
Assets, at cost Goodwill
Intangible
Assets, at cost
(in millions)
Balance at beginning of year $ 11,316 $ 2,630 $ 11,338 $ 2,630
Changes due to:
Foreign currency 30 1 (22) -
Balance at end of year $ 11,346 $ 2,631 $ 11,316 $ 2,630
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