Kraft 2014 Annual Report Download - page 3

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Kraft Foods Group, Inc
In this report, “Kraft Foods Group,” “we,” “us,” and “our” refers to Kraft Foods Group, Inc.
i
Page No.
Part I -
Item 1. Business 1
Item 1A. Risk Factors 7
Item 1B. Unresolved Staff Comments 13
Item 2. Properties 13
Item 3. Legal Proceedings 13
Item 4. Mine Safety Disclosures 14
Part II -
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 14
Item 6. Selected Financial Data 16
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 16
Description of the Company 16
Consolidated Results of Operations 17
Results of Operations by Reportable Segment 19
Critical Accounting Policies 24
New Accounting Pronouncements 27
Contingencies 27
Commodity Trends 27
Liquidity and Capital Resources 27
Off-Balance Sheet Arrangements and Aggregate Contractual Obligations 28
Equity and Dividends 29
Non-GAAP Financial Measures 30
Item 7A. Quantitative and Qualitative Disclosures about Market Risk 31
Item 8. Financial Statements and Supplementary Data 33
Report of Independent Registered Public Accounting Firm 33
Consolidated Statements of Earnings for the Years Ended December 27, 2014,
December 28, 2013, and December 29, 2012 34
Consolidated Statements of Comprehensive Earnings for the Years Ended
December 27, 2014, December 28, 2013, and December 29, 2012 35
Consolidated Balance Sheets as December 27, 2014 and December 28, 2013 36
Consolidated Statements of Equity for the Years Ended December 27, 2014,
December 28, 2013, and December 29, 2012 37
Consolidated Statements of Cash Flows for the Years Ended December 27, 2014,
December 28, 2013, and December 29, 2012 38
Notes to Consolidated Financial Statements 39
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 70
Item 9A. Controls and Procedures 70
Item 9B. Other Information 71
Part III -
Item 10. Directors, Executive Officers and Corporate Governance 71
Item 11. Executive Compensation 71
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 72
Item 13. Certain Relationships and Related Transactions, and Director Independence 72
Item 14. Principal Accountant Fees and Services 72
Part IV -
Item 15. Exhibits and Financial Statement Schedules 73
Signatures 76
Valuation and Qualifying Accounts S-1