Kraft 2013 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2013 Kraft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

i
Kraft Foods Group, Inc
Page No.
Part I -
Item 1.
Item 1A.
Item 1B.
Item 2.
Item 3.
Item 4.
Part II -
Item 5.
Item 6.
Item 7.
Item 7A.
Item 8.
Item 9.
Item 9A.
Item 9B.
Part III -
Item 10.
Item 11.
Item 12.
Item 13.
Item 14.
Part IV -
Item 15.
In this report, “Kraft Foods Group,” “we,” “us,” and “our” refers to Kraft Foods Group, Inc.
Business 1
Risk Factors 9
Unresolved Staff Comments 16
Properties 16
Legal Proceedings 16
Mine Safety Disclosures 17
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 17
Selected Financial Data 19
Management's Discussion and Analysis of Financial Condition and Results of Operations: 19
Consolidated Results of Operations 21
Results of Operations by Reportable Segments 24
Critical Accounting Policies 31
New Accounting Guidance 35
Contingencies 36
Commodity Trends 36
Liquidity and Capital Resources 36
Off-Balance Sheet Arrangements and Aggregate Contractual Obligations 37
Equity and Dividends 38
Non-GAAP Financial Measures 39
Quantitative and Qualitative Disclosures about Market Risk 41
Financial Statements and Supplementary Data: 42
Report of Independent Registered Public Accounting Firm 42
Consolidated Statements of Earnings for the Years Ended December 28, 2013, December 29, 2012, and
December 31, 2011 43
Consolidated Statements of Comprehensive Earnings for the Years Ended
December 28, 2013, December 29, 2012, and December 31, 2011 44
Consolidated Balance Sheets as December 28, 2013 and December 29, 2012 45
Consolidated Statements of Equity for the Years Ended December 28, 2013,
December 29, 2012, and December 31, 2011 46
Consolidated Statements of Cash Flows for the Years Ended December 28, 2013,
December 29, 2012, and December 31, 2011 47
Notes to Consolidated Financial Statements 48
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 78
Controls and Procedures 78
Other Information 79
Directors, Executive Officers and Corporate Governance 79
Executive Compensation 80
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 80
Certain Relationships and Related Transactions, and Director Independence 80
Principal Accountant Fees and Services 80
Exhibits and Financial Statement Schedules 81
Signatures 84
Valuation and Qualifying Accounts S-1