Kraft 2014 Annual Report Download - page 50
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Restructuring Program:
Our Restructuring Program included the following:
At December 27, 2014, we incurred Restructuring Program costs of $600 million since the inception of the Restructuring Program.
We spent $291 million in cash. We spent cash related to our Restructuring Program of $30 million in 2014, $150 million in 2013,
and $111 million in 2012. We did not incur any non-cash costs in 2014. We incurred non-cash costs of $157 million in 2013 and
$151 million in 2012.
45
For the Year Ended December 28, 2013
Restructuring Program
Restructuring
Costs Implementation
Costs
Spin-Off
Transition
Costs
Other Cost
Savings
Initiatives
Expenses Total
(in millions)
Cheese $ 26 $62
$—
$—
$88
Refrigerated Meals 18 17 — — 35
Beverages 19 22 — — 41
Meals & Desserts 14 12 — — 26
Enhancers & Snack Nuts 12 12 — — 24
Canada 10 7 — — 17
Other Businesses 9 10 — — 19
Corporate expenses — — 32 8 40
Total $ 108 $142
$32
$8
$ 290
For the Year Ended December 29, 2012
Restructuring Program
Restructuring
Costs
Implementation
Costs
Spin-Off
Transition
Costs
Other Cost
Savings
Initiatives
Expenses Total
(in millions)
Cheese $ 26 $72 $— $— $98
Refrigerated Meals 19 11 — — 30
Beverages 44 19 — — 63
Meals & Desserts 15 9 — — 24
Enhancers & Snack Nuts 17 8 — — 25
Canada 9 5 — — 14
Other Businesses 11 7 — — 18
Corporate expenses — — 31 — 31
Total $ 141 $131
$31
$—
$ 303
• Restructuring costs that qualified for special accounting treatment as exit or disposal activities.
• Implementation costs that were directly attributable to the Restructuring Program, but did not qualify for special accounting
treatment as exit or disposal activities. These costs primarily related to reorganization costs associated with our sales
function, our information systems infrastructure, and accelerated depreciation on assets.
• Transition costs related to the Spin-Off. The Spin-Off transition costs were not allocated to the segments because they
consisted mostly of professional service fees within our finance, legal, and information systems functions.