Mondelez 2013 Annual Report Download - page 85

Table of Contents
In 2013, we sold properties in Italy, the United Kingdom and Norway within our Europe segment and in India within our Asia Pacific
segment. The Europe property sales generated $29 million in pre-tax net gains and $37 million of cash proceeds. We also have a
$52 million receivable related to the United Kingdom property sale. The India property sale generated a $39 million pre-
tax gain and
$53 million of cash proceeds. The gains were recorded within selling, general and administrative expenses and cash proceeds
were recorded in cash flows from other investing activities in the year ended December 31, 2013.
In 2012, we also sold property in Russia and Turkey within our EEMEA segment. The Russia property sale generated a $55 million
pre-tax gain and $72 million of cash proceeds and the Turkey property sale generated a $22 million pre-tax gain and $29 million of
cash proceeds. The gains were recorded within selling, general and administrative expenses and the cash proceeds were recorded
in cash flows from other investing activities in the year ended December 31, 2012.
Note 3. Inventories
Inventories at December 31, 2013 and 2012 were:
Note 4. Property, Plant and Equipment
Property, plant and equipment at December 31, 2013 and 2012 were:
In connection with our 2012-2014 Restructuring Program, we recorded non-cash asset write-downs (including accelerated
depreciation and asset impairments) of $91 million in 2013 and $18 million in 2012. These charges were recorded in the
consolidated statements of earnings within asset impairment and exit costs and are further described in Note 6, 2012-2014
Restructuring Program .
Note 5. Goodwill and Intangible Assets
At December 31, 2013 and 2012, goodwill by reportable segment, revised to reflect our new segment structure, was:
78
2013
2012
(in millions)
Raw materials
$
1,165
$
1,213
Finished product
2,578
2,528
Inventories, net
$
3,743
$
3,741
2013
2012
(in millions)
Land and land improvements
$
617
$
643
Buildings and building improvements
3,270
3,199
Machinery and equipment
12,351
11,992
Construction in progress
1,376
1,022
17,614
16,856
Accumulated depreciation
(7,367
)
(6,846
)
Property, plant and equipment, net
$
10,247
$
10,010
2013
2012
(in millions)
Latin America
$
1,262
$
1,381
Asia Pacific
2,504
2,729
EEMEA
2,764
2,763
Europe
10,026
9,767
North America
9,041
9,100
Goodwill
$
25,597
$
25,740