Mondelez 2013 Annual Report Download - page 115

Table of Contents
No single customer accounted for 10% or more of our net revenues from continuing operations in 2013. Our five largest customers
accounted for 15.0% and our ten largest customers accounted for 21.6% of net revenues from continuing operations in 2013.
Items impacting our segment operating results are discussed in Note 1, Summary of Significant Accounting Policies, including the
Venezuelan currency devaluation, Note 2,
Divestitures and Acquisition , Note 5, Goodwill and Intangible Assets , Note 6, 2012-
2014 Restructuring Program , and Note 7, Integration Program and Cost Saving Initiatives .
Total assets, depreciation expense and capital expenditures by segment were:
107
For the Years Ended December 31,
2013
2012
2011
(in millions)
Earnings from continuing operations before income taxes:
Operating income:
Latin America
$
570
$
769
$
759
Asia Pacific
512
657
682
EEMEA
379
506
433
Europe
1,699
1,762
1,586
North America
889
781
787
Unrealized gains / (losses) on hedging activities
62
1
(36
)
General corporate expenses
(287
)
(728
)
(488
)
Amortization of intangibles
(217
)
(217
)
(225
)
Benefit from indemnification resolution
336
–
–
Gains on acquisition and divestitures, net
30
107
–
Acquisition
-
related costs
(2
)
(1
)
–
Operating income
3,971
3,637
3,498
Interest and other expense, net
(1,579
)
(1,863
)
(1,618
)
Earnings from continuing operations before income taxes
$
2,392
$
1,774
$
1,880
As of December 31,
2013
2012
(in millions)
Total assets:
Latin America
$
6,860
$
7,018
Asia Pacific
9,032
9,748
EEMEA
7,045
7,105
Europe
27,599
27,513
North America
21,723
22,158
Unallocated assets
(1)
298
1,935
Total assets
$
72,557
$
75,477
(1) Unallocated assets consist primarily of cash and cash equivalents, deferred income taxes, centrally held property, plant and equipment, prepaid
pension assets and derivative financial instrument balances.
For the Years Ended December 31,
2013
2012
2011
(in millions)
Depreciation expense:
Latin America
$
107
$
98
$
105
Asia Pacific
107
100
99
EEMEA
88
77
90
Europe
359
368
397
North America
199
224
205
Total – continuing operations
860
867
896
Discontinued operations
–
261
364
Total depreciation expense
$
860
$
1,128
$
1,260