Selling, general and administrative expenses

$ 54,365

$ 49,207

^[1]

$ 38,754

Cost of sales

35,350

31,305

24,819

Gross profit

19,015

17,902

13,935

12,140

12,001

8,784

Asset impairment and exit costs

(7.00)

18.00

(64.00)

Losses on divestitures, net

6.00

Amortization of intangibles

225

211

Operating income

6,657

5,666

5,183

Interest and other expense, net

1,885

2,024

1,237

Earnings from continuing operations before income taxes

4,772

3,642

3,946

Provision for income taxes

1,225

1,147

1,136

Earnings from continuing operations

3,547

2,495

2,810

Earnings and gain from discontinued operations, net of income taxes

1,644

218

Net earnings

3,547

4,139

3,028

Noncontrolling interest

Basic earnings per share attributable to Kraft Foods:

$ 3,527

$ 4,114

$ 3,021

$ 2.00

$ 1.44

$ 1.90

$ 0.96

$ 0.14

Diluted earnings per share attributable to Kraft Foods:

$ 2.00

$ 2.40

$ 2.04

$ 1.99

$ 1.44

$ 1.89

$ 0.95

$ 0.14

$ 1.99

$ 2.39

$ 2.03

Dividends declared

$ 1.16

[1]	Within the above sector revenues disclosures, we reclassified certain net revenues to conform to the current year presentation.

Consolidated Statements Of Comprehensive Earnings (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Consolidated Statements Of Comprehensive Earnings [Abstract]
Net earnings	$ 3,547	$ 4,139	$ 3,028
Currency translation adjustment:
Translation adjustment	(1,245)	264	1,777
Tax (expense) / benefit	(45)	(101)	34
Pension and other benefits:
Net actuarial gain / (loss) arising during period	(2,333)	(361)	29
Reclassification adjustment for losses (gains) included in net earnings due to: Amortization of experience losses and prior service costs	361	281	209
Reclassification adjustment for losses (gains) included in net earnings due to: Settlement losses	113	129	120
Tax benefit / (expense)	768	(144)	(220)
Derivatives accounted for as hedges:
Net derivative (losses) / gains	(709)	(10)	35
Reclassification adjustment for (gains) / losses included in net earnings	93	(30)	178
Tax benefit / (expense)	240	18	(89)
Total other comprehensive (losses) / earnings	(2,757)	46	2,073
Comprehensive earnings	790	4,185	5,101
less: Comprehensive earnings attributable to noncontrolling interests	10	6	41
Comprehensive earnings attributable to Kraft Foods	$ 780	$ 4,179	$ 5,060

Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 1,974	$ 2,481
Receivables (net of allowances of $143 in 2011 and $246 in 2010)	6,361	6,539
Inventories, net	5,706	5,310
Deferred income taxes	912	898
Other current assets	1,249	993
Total current assets	16,202	16,221
Property, plant and equipment, net	13,813	13,792
Goodwill	37,297	37,856
Intangible assets, net	25,186	25,963
Prepaid pension assets	31	86
Other assets	1,308	1,371
TOTAL ASSETS	93,837	95,289
LIABILITIES
Short-term borrowings	182	750
Current portion of long-term debt	3,654	1,115
Accounts payable	5,525	5,409
Accrued marketing	2,863	2,515
Accrued employment costs	1,365	1,292
Other current liabilities	4,856	4,812
Total current liabilities	18,445	15,893
Long-term debt	23,095	26,859
Deferred income taxes	6,738	7,984
Accrued pension costs	3,597	2,382
Accrued postretirement health care costs	3,238	3,046
Other liabilities	3,396	3,183
TOTAL LIABILITIES	58,509	59,347
Commitments and Contingencies (Note 13)
EQUITY
Common Stock, no par value (1,996,537,778 shares issued in 2011 and 2010)
Additional paid-in capital	31,318	31,231
Retained earnings	18,012	16,619
Accumulated other comprehensive losses	(6,637)	(3,890)
Treasury stock, at cost	(7,476)	(8,126)
Total Kraft Foods Shareholders' Equity	35,217	35,834
Noncontrolling interest	111	108
TOTAL EQUITY	35,328	35,942
TOTAL LIABILITIES AND EQUITY	$ 93,837	$ 95,289

Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Condensed Consolidated Balance Sheets [Abstract]
Receivables, allowances	$ 143	$ 246
Common stock, no par value
Common stock, shares issued	1,996,537,778	1,996,537,778

Consolidated Statements Of Equity (USD $) In Millions, unless otherwise specified	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Earnings / (Losses) [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balances at Dec. 31, 2008	$ 23,563	$ 13,440	$ (5,994)	$ (8,714)	$ 61	$ 22,356
Comprehensive earnings / (losses):
Net earnings		3,021			7	3,028
Other comprehensive earnings (losses), net of income taxes			2,039		34	2,073
Exercise of stock options and issuance of other stock awards	49	(110)		298		237
Cash dividends declared ($1.16 per share)		(1,715)				(1,715)
Dividends paid on noncontrolling interest and other activities	(1)				(6)	(7)
Balances at Dec. 31, 2009	23,611	14,636	(3,955)	(8,416)	96	25,972
Comprehensive earnings / (losses):
Net earnings		4,114			25	4,139
Other comprehensive earnings (losses), net of income taxes			65		(19)	46
Exercise of stock options and issuance of other stock awards	153	(106)		290		337
Cash dividends declared ($1.16 per share)		(2,025)				(2,025)
Net impact of noncontrolling interests from Cadbury acquisition	38				33	71
Purchase from noncontrolling interest, dividends paid and other activities	(28)				(27)	(55)
Issuance of Common Stock	7,457					7,457
Balances at Dec. 31, 2010	31,231	16,619	(3,890)	(8,126)	108	35,942
Comprehensive earnings / (losses):
Net earnings		3,527			20	3,547
Other comprehensive earnings (losses), net of income taxes			(2,747)		(10)	(2,757)
Exercise of stock options and issuance of other stock awards	100	(86)		650		664
Cash dividends declared ($1.16 per share)		(2,048)				(2,048)
Dividends paid on noncontrolling interest and other activities	(13)				(7)	(20)
Balances at Dec. 31, 2011	$ 31,318	$ 18,012	$ (6,637)	$ (7,476)	$ 111	$ 35,328

Consolidated Statements Of Cash Flows In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES
Net earnings	$ 3,547	$ 4,139	$ 3,028
Adjustments to reconcile net earnings to operating cash flows:
Depreciation and amortization	1,485	1,440	931
Stock-based compensation expense	181	174	164
Deferred income tax (benefit) / provision	(351)	251	38
Losses on divestitures, net		6.00	6.00
Gains on discontinued operations		(1,596)
Asset impairment and exit costs, net of cash paid		55	17
Other non-cash expense, net	81	329	269
Change in assets and liabilities, excluding the effects of acquisitions and divestitures:
Receivables, net	(115)	(165)	(17)
Inventories, net	(556)	(359)	299
Accounts payable	300	83	126
Other current assets	(374)	42	351
Other current liabilities	676	(776)	111
Change in pension and postretirement assets and liabilities, net	(354)	125	(239)
Net cash provided by operating activities	4,520	3,748	5,084
CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES
Capital expenditures	(1,771)	(1,661)	(1,330)
Acquisitions, net of cash received		(9,848)
Proceeds from divestitures, net of disbursements		4,039	41
Proceeds from sale of property, plant and equipment and other	43	8	50
Net cash used in investing activities	(1,728)	(7,462)	(1,239)
CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES
Net repayments of short-term borrowings	(565)	(864)	(446)
Long-term debt proceeds	36	9,433	3
Long-term debt repaid	(1,114)	(2,134)	(968)
Dividends paid	(2,043)	(2,175)	(1,712)
Proceeds from stock option exercises and other	511	(72)	(10)
Net cash (used in) / provided by financing activities	(3,175)	4,188	(3,133)
Effect of exchange rate changes on cash and cash equivalents	(124)	(94)	145
Cash and cash equivalents:
(Decrease) / Increase	(507)	380	857
Balance at beginning of period	2,481	2,101	1,244
Balance at end of period	1,974	2,481	2,101
Cash paid:
Interest	2,031	1,593	1,308
Income taxes	$ 932	$ 2,232	$ 1,025

Summary Of Significant Accounting Policies	12 Months Ended
Summary Of Significant Accounting Policies	Dec. 31, 2011
Summary Of Significant Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Description of Business: Kraft Foods Inc. was incorporated in 2000 in the Commonwealth of Virginia. Kraft Foods Inc., through its subsidiaries (collectively "Kraft Foods," "we," "us" and "our"), sells packaged food and beverage products to consumers in approximately 170 countries. Principles of Consolidation: The consolidated financial statements include Kraft Foods, as well as our wholly owned and majority owned subsidiaries. The majority of our operating subsidiaries report results as of the last Saturday of the year. A portion of our international operating subsidiaries report results as of the last calendar day or the last Saturday of the year. Because a significant number of our operating subsidiaries report results on the last Saturday of the year and this year, that day fell on December 31, our results included an extra week ("53^rd week") of operating results than in the prior two years which had 52-weeks. In 2011, we changed the consolidation date for certain operations of our Kraft Foods Europe segment and in the Latin America and Central and Eastern Europe, Middle East and Africa ("CEEMA") regions within our Kraft Foods Developing Markets segment. Previously, these operations primarily reported results two weeks prior to the end of the period. Now, our Kraft Foods Europe segment reports results as of the last Saturday of each period. Our operations in Latin America and certain operations in CEEMA now report results as of the last calendar day of the period or the last Saturday of the period. These changes and the 53^rd week in 2011 resulted in a favorable impact to net revenues of approximately $920 million and a favorable impact of approximately $150 million to operating income in 2011. In 2010, we changed the consolidation date for certain European biscuits operations, which are included within our Kraft Foods Europe segment, and certain operations in Asia Pacific and Latin America within our Kraft Foods Developing Markets segment. Previously, these operations primarily reported period-end results one month or two weeks prior to the end of the period. Kraft Foods Europe moved the reporting of these operations to two weeks prior to the end of the period, and Asia Pacific and Latin America moved the reporting of these operations to the last day of the period. These changes resulted in a favorable impact to net revenues of approximately $200 million and had an insignificant impact on operating income in 2010. We believe these changes are preferable and will improve business planning and financial reporting by better matching the close dates of the operating subsidiaries within our Kraft Foods Europe segment and Kraft Foods Developing Markets segment and by bringing the reporting date closer to the period-end date. As the effect to prior-period results was not material, we have not revised prior-period results. We account for investments in which we exercise significant influence (20%-50% ownership interest) under the equity method of accounting. We use the cost method of accounting for investments in which we have an ownership interest of less than 20% and in which we do not exercise significant influence. Noncontrolling interest in subsidiaries consists of the equity interest of noncontrolling investors in consolidated subsidiaries of Kraft Foods. All intercompany transactions are eliminated. Use of Estimates: We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which require us to make estimates and assumptions that affect a number of amounts in our consolidated financial statements. Significant accounting policy elections, estimates and assumptions include, among others, pension and benefit plan assumptions, valuation assumptions of goodwill and intangible assets, useful lives of long-lived assets, marketing program accruals, insurance and self-insurance reserves and income taxes. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements. Foreign Currencies: We translate the results of operations of our foreign subsidiaries using average exchange rates during each period, whereas balance sheet accounts are translated using exchange rates at the end of each period. We record currency translation adjustments as a component of equity. Transaction gains and losses are recorded in earnings and were not significant for any of the periods presented. Highly Inflationary Accounting: In the fourth quarter of 2009, the Venezuelan economy was classified as highly inflationary under U.S. GAAP. Effective January 1, 2010, we began accounting for our Venezuelan subsidiaries under highly inflationary accounting rules, which principally means all transactions are recorded in U.S. dollars. We use both the official Venezuelan bolivar exchange rate and the government-regulated Transaction System for Foreign Currency Denominated Securities ("SITME") rate to translate our Venezuelan operations into U.S. dollars, based on the nature of the operations of each individual subsidiary. We recorded approximately $10 million of favorable foreign currency impacts relating to highly inflationary accounting in Venezuela during 2011 and approximately $115 million of unfavorable foreign currency impacts during 2010. The 2010 loss included a one-time impact of $34 million to translate cash we previously recorded at the secondary market exchange rate. Cash and Cash Equivalents: Cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less. Inventories: Inventories are stated at the lower of cost or market. We value all our inventories using the average cost method. We also record inventory allowances for overstocked and obsolete inventories due to ingredient and packaging changes. Long-Lived Assets: Property, plant and equipment are stated at historical cost and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods ranging from 3 to 20 years and buildings and building improvements over periods up to 40 years. We review long-lived assets, including amortizable intangible assets, for impairment when conditions exist that indicate the carrying amount of the assets may not be fully recoverable. We perform undiscounted operating cash flow analyses to determine if an impairment exists. When testing for impairment of assets held for use, we group assets and liabilities at the lowest level for which cash flows are separately identifiable. If an impairment is determined to exist, the loss is calculated based on estimated fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal. Software Costs: We capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use. Capitalized software costs are included in property, plant and equipment and amortized on a straight-line basis over the estimated useful lives of the software, which do not exceed seven years. Goodwill and Intangible Assets: We test goodwill and non-amortizable intangible assets for impairment at least annually on October 1. We assess goodwill impairment risk by first performing a qualitative review of entity-specific, industry, market and general economic factors for each reporting unit. If significant potential goodwill impairment risk exists for a specific reporting unit, we apply a two-step quantitative test. The first step compares the reporting unit's estimated fair value with its carrying value. We estimate a reporting unit's fair value using a 20-year projection of discounted cash flows which incorporates planned growth rates, market-based discount rates and estimates of residual value. For reporting units within our Kraft Foods North America and Kraft Foods Europe geographic units, we used a market-based, weighted-average cost of capital of 6.8% to discount the projected cash flows of those operations. For reporting units within our Kraft Foods Developing Markets geographic unit, we used a risk-rated discount rate of 9.8%. Estimating the fair value of individual reporting units requires us to make assumptions and estimates regarding our future plans, industry and economic conditions and our actual results and conditions may differ over time. If the carrying value of a reporting unit's net assets exceeds its fair value, the second step is applied to measure the difference between the carrying value and implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, the goodwill is considered impaired and reduced to its implied fair value. We test non-amortizable intangible assets for impairment by comparing the fair value of each intangible asset with its carrying value. Fair value of non-amortizable intangible assets is determined using planned growth rates, market-based discount rates and estimates of royalty rates. If the carrying value exceeds fair value, the intangible asset is considered impaired and is reduced to fair value. We record intangible asset impairment charges within asset impairment and exit costs. Definite-lived intangible assets are amortized over their estimated useful lives and evaluated for impairment as long-lived assets. Insurance and Self-Insurance: We use a combination of insurance and self-insurance for a number of risks, including workers' compensation, general liability, automobile liability, product liability and our obligation for employee healthcare benefits. Liabilities associated with the risks are estimated by considering historical claims experience and other actuarial assumptions. Revenue Recognition: We recognize revenues when title and risk of loss pass to customers, which generally occurs upon shipment or delivery of goods. Revenues are recorded net of consumer incentives and trade promotions and include all shipping and handling charges billed to customers. Our shipping and handling costs are classified as part of cost of sales. A provision for product returns and allowances for bad debts is also recorded as reductions to revenues within the same period that the revenue is recognized. Marketing and Research and Development: We promote our products with advertising, consumer incentives and trade promotions. These programs include, but are not limited to, discounts, coupons, rebates, in-store display incentives and volume-based incentives. We expense advertising costs either in the period the advertising first takes place or as incurred. Consumer incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated as being due to customers and consumers at the end of a period. We base these estimates principally on historical utilization and redemption rates. For interim reporting purposes, advertising and consumer incentive expenses are charged to operations as a percentage of volume, based on estimated volume and related expense for the full year. We do not defer costs on our year-end consolidated balance sheet and all marketing costs are recorded as an expense in the year incurred. Advertising expense was $2,396 million in 2011, $2,270 million in 2010, and $1,581 million in 2009. We expense costs as incurred for product research and development. Research and development expense was $702 million in 2011, $583 million in 2010, and $466 million in 2009. We record marketing and research and development expenses within selling, general and administrative expenses. Environmental Costs: We are subject to laws and regulations relating to the protection of the environment. We accrue for environmental remediation obligations on an undiscounted basis when amounts are probable and can be reasonably estimated. The accruals are adjusted as new information develops or circumstances change. Recoveries of environmental remediation costs from third parties are recorded as assets when recovery of those costs is deemed probable. At December 31, 2011, our subsidiaries were involved in 68 active actions in the U.S. under Superfund legislation (and other similar actions and legislation) related to current operations and certain former or divested operations for which we retain liability. Outside the U.S., we are subject to applicable multi-national, national and local environmental laws and regulations in the countries in which we do business. Outside the U.S., we have specific programs across our business units designed to meet applicable environmental compliance requirements. As of December 31, 2011, we accrued an immaterial amount for environmental remediation. Based on information currently available, we believe that the ultimate resolution of existing environmental remediation actions and our compliance in general with environmental laws and regulations will not have a material effect on our financial results. Employee Benefit Plans: We provide a range of benefits to our employees and retired employees. These include pension benefits, postretirement health care benefits and postemployment benefits, consisting primarily of severance. We provide pension coverage for certain employees of our non-U.S. subsidiaries through separate plans. Local statutory requirements govern many of these plans. For salaried and non-union hourly employees hired in the U.S. after January 1, 2009, we discontinued benefits under our U.S. pension plans, and we replaced them with an enhanced company contribution to our employee savings plan. Additionally, we will be freezing the U.S. pension plans for current salaried and non-union hourly employees effective December 31, 2019. Pension accruals for all salaried and non-union employees who are currently earning pension benefits will end on December 31, 2019, and continuing pay and service will be used to calculate the pension benefits through December 31, 2019. Our projected benefit obligation decreased $168 million in 2009, and we incurred a $5 million curtailment charge in 2009 related to the freeze. Our U.S., Canadian, and United Kingdom subsidiaries provide health care and other benefits to most retired employees. Local government plans generally cover health care benefits for retirees outside the U.S., Canada, and United Kingdom. Our postemployment benefit plans cover most salaried and certain hourly employees. The cost of these plans is charged to expense over the working life of the covered employees. Financial Instruments: As we operate globally, we use a variety of risk management strategies and financial instruments to manage foreign currency exchange rate, commodity price and interest rate risks. Our risk management program focuses on the unpredictability of financial markets and seeks to reduce the potentially adverse effects that the volatility of these markets may have on our operating results. One way we do this is through actively hedging our risks through the use of derivative instruments. Derivatives are recorded on our consolidated balance sheets at fair value which fluctuates based on changing market conditions. Certain derivatives are designated as either cash flow or fair value hedges and qualify for hedge accounting treatment, while others do not qualify and are marked to market through earnings. For cash flow hedges, changes in fair value are deferred in accumulated other comprehensive earnings / (losses) within equity until the underlying hedged items are recognized in net earnings. Accordingly, we record deferred cash flow hedge gains or losses in cost of sales when the related inventory is sold and in interest and other expense, net, when the related interest expense is recorded for hedges of intercompany loans. For fair value hedges, changes in fair value are recognized immediately in net earnings, consistent with the underlying hedged items. As such, in connection with our interest rate swaps designated as fair value hedges, we record gains or losses on interest rate swaps and the corresponding changes in the fair value of hedged long-term debt directly within interest and other expense, net. Cash flows from derivative instruments are also classified in the same manner as the underlying hedged items in the consolidated statement of cash flows. For additional information on the location of derivative activity within our operating results, see Note 12, Financial Instruments. To qualify for hedge accounting, a specified level of hedging effectiveness between the hedging instrument and the item being hedged must be achieved at inception and maintained throughout the hedged period. Any hedging ineffectiveness is recognized in net earnings when the change in the value of the hedge does not offset the change in the value of the underlying hedged item. We formally document our risk management objectives, strategies for undertaking the various hedge transactions, the nature of and relationships between the hedging instruments and hedged items, and method for assessing hedge effectiveness. Additionally, for qualified hedges of forecasted transactions, we specifically identify the significant characteristics and expected terms of the forecasted transactions. If it becomes probable that a forecasted transaction will not occur, the hedge will no longer be effective and all of the derivative gains or losses would be recognized in earnings in the current period. When we use financial instruments, we are exposed to credit risk that a counterparty might fail to fulfill its performance obligations under the terms of our agreement. We minimize our credit risk by entering into transactions with counterparties with investment grade credit ratings, limiting the amount of exposure we have with each counterparty and monitoring the financial condition of our counterparties. We also maintain a policy of requiring that all significant, non-exchange traded derivative contracts with a duration of greater than one year be governed by an International Swaps and Derivatives Association master agreement. We are also exposed to market risk as the value of our financial instruments might be adversely affected by a change in foreign currency exchange rates, commodity prices or interest rates. We manage market risk by incorporating monitoring parameters within our risk management strategy that limit the types of derivative instruments and derivative strategies we use, and the degree of market risk that we hedge with derivative instruments. Commodity cash flow hedges – We are exposed to price risk related to forecasted purchases of certain commodities that we primarily use as raw materials. We enter into commodity forward contracts primarily for meat, coffee, dairy, sugar, cocoa and wheat. Commodity forward contracts generally are not subject to the accounting requirements for derivative instruments and hedging activities under the normal purchases exception. We also use commodity futures and options to hedge the price of certain input costs, including dairy, coffee, cocoa, wheat, corn products, soybean oils, meat products, sugar, natural gas and heating oil. Some of these derivative instruments are highly effective and qualify for hedge accounting treatment. We also sell commodity futures to unprice future purchase commitments, and we occasionally use related futures to cross-hedge a commodity exposure. We are not a party to leveraged derivatives and, by policy, do not use financial instruments for speculative purposes. Foreign currency cash flow hedges – We use various financial instruments to mitigate our exposure to changes in exchange rates from third-party and intercompany actual and forecasted transactions. These instruments may include forward foreign exchange contracts, forward futures contracts, foreign currency swaps and foreign currency options. Based on the size and location of our businesses, we use these instruments to hedge our exposure to certain currencies, including the euro, Swiss franc, pound sterling and Canadian dollar. Interest rate cash flow and fair value hedges – We manage interest rate volatility by modifying the repricing or maturity characteristics of certain liabilities so that the net interest margin is not, on a material basis, adversely affected by movements in interest rates. As a result of interest rate fluctuations, hedged fixed-rate liabilities appreciate or depreciate in market value. We expect the effect of this unrealized appreciation or depreciation to be substantially offset by our gains or losses on the derivative instruments that are linked to these hedged liabilities. We use derivative instruments, including interest rate swaps that have indices related to the pricing of specific liabilities as part of our interest rate risk management strategy. As a matter of policy, we do not use highly leveraged derivative instruments for interest rate risk management. We use interest rate swaps to economically convert a portion of our nonprepayable fixed-rate debt into variable-rate debt. Under the interest rate swap contracts, we agree with other parties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts, which is calculated based on an agreed-upon notional amount. We also use interest rate swaps to hedge the variability of interest payment cash flows on a portion of our future debt obligations. Substantially all of these derivative instruments are highly effective and qualify for hedge accounting treatment. Hedges of net investments in foreign operations – We have numerous investments in our foreign subsidiaries. The net assets of these subsidiaries are exposed to volatility in foreign currency exchange rates. We use foreign-currency-denominated debt to hedge our net investment in foreign operations against adverse movements in exchange rates. We designated our euro and pound sterling denominated borrowings as a net investment hedge of a portion of our overall European operations. The gains and losses on our net investment in these designated European operations are economically offset by losses and gains on our euro and pound sterling denominated borrowings. The change in the debt's fair value is recorded in the currency translation adjustment component of accumulated other comprehensive earnings / (losses). Income Taxes: We recognize tax benefits in our financial statements when our uncertain tax positions are more likely than not to be sustained upon audit. The amount we recognize is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. We recognize deferred tax assets for deductible temporary differences, operating loss carryforwards and tax credit carryforwards. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. New Accounting Pronouncements: In September 2011, the Financial Accounting Standards Board ("FASB") issued an amendment related to multiemployer pension plans. This amendment increases the quantitative and qualitative disclosures about an employer's participation in individually significant multiemployer plans that offer pension and other postretirement benefits. The guidance is effective for fiscal years ended after December 15, 2011. We adopted the guidance and modified the disclosures surrounding our participation in multiemployer plans in Note 11, Benefit Plans. In September 2011, the FASB issued an amendment to simplify how entities test goodwill for impairment. An entity now has the option to first assess qualitative factors to determine whether it is "more likely than not" that goodwill may be impaired. If, after assessing the totality of events and circumstances, goodwill impairment is determined to be not likely, then performing the quantitative two-step impairment test would not be required. The new guidance also modifies goodwill evaluation during the year to make it consistent with the new annual qualitative approach. We adopted the guidance effective October 1, 2011 and incorporated the guidance in our annual goodwill impairment test. In June 2011, the FASB issued an amendment related to statements of comprehensive income. This amendment requires an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income in either a single continuous statement of comprehensive income or in two separate but consecutive statements. This amended guidance eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. We adopted the guidance effective October 1, 2011 and we now present the components of other comprehensive income in a separate statement. In May 2011, the FASB issued an amendment to revise certain fair value measurement and disclosure requirements. This amendment establishes common requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and International Financial Reporting Standards. These changes will be effective January 1, 2012 on a prospective basis. Early adoption is not permitted. We do not expect the adoption of this standard to have a material effect on our financial results. In June 2009, new guidance was issued on the consolidation of variable interest entities. We adopted the guidance effective January 1, 2010. This guidance increases the likelihood of an enterprise being classified as a variable interest entity. The adoption of this guidance did not have a material impact on our financial results. Subsequent Events: We evaluated subsequent events and included all accounting and disclosure requirements related to subsequent events in our consolidated financial statements. Reclassifications: Certain amounts previously reported have been reclassified to conform to the current-year presentation.

Acquisitions And Divestitures [Abstract]

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Proposed Spin-Off Transaction	12 Months Ended
Proposed Spin-Off Transaction	Dec. 31, 2011
Proposed Spin-Off Transaction [Abstract]
Proposed Spin-Off Transaction	Note 2. Proposed Spin-off Transaction On August 4, 2011, we announced that our Board of Directors intends to create two independent public companies: (i) a global snacks business (the "Global Snacks Business") and (ii) a North American grocery business (the "North American Grocery Business"). The Global Snacks Business will consist of our current Kraft Foods Europe and Developing Markets segments as well as our North American snack and confectionery businesses. The North American Grocery Business will primarily consist of our current U.S. Beverages, Cheese, Convenient Meals and Grocery segments, grocery-related categories in our Canada & N.A. Foodservice segment as well as the Planters and Corn Nuts brands and businesses. We expect to create these companies through a U.S. tax-free spin-off of the North American Grocery Business to our shareholders. The transaction is subject to a number of conditions, including the receipt of regulatory approvals, a favorable ruling from the Internal Revenue Service to ensure the U.S. tax-free status of the spin-off, execution of intercompany agreements, further diligence as appropriate and final approval from our Board of Directors. While our current target is to complete the spin-off before year-end 2012, we cannot assure that the spin-off will be completed on the anticipated timeline or that the terms of the spin-off will not change.

Acquisitions And Divestitures

12 Months Ended

Dec. 31, 2011

Acquisitions And Divestitures

Note 3. Acquisitions and Divestitures

Cadbury Acquisition and related Divestitures:

On January 19, 2010, we announced the terms of our final offer for each outstanding ordinary share of Cadbury Limited (formerly, Cadbury plc) ("Cadbury"), including each ordinary share represented by an American Depositary Share ("Cadbury ADS"), and the Cadbury Board of Directors recommended that Cadbury shareholders accept the terms of the final offer. On February 2, 2010, all of the conditions to the offer were satisfied or validly waived, the initial offer period expired and a subsequent offer period immediately began. At that point, we had received acceptances of 71.73% of the outstanding Cadbury ordinary shares, including those represented by Cadbury ADSs ("Cadbury Shares"). As of June 1, 2010, we owned 100% of all outstanding Cadbury Shares. We believe the combination of Kraft Foods and Cadbury will create a global snacks powerhouse and an unrivaled portfolio of brands people love.

Under the terms of our final offer and the subsequent offer, we agreed to pay Cadbury shareholders 500 pence in cash and 0.1874 shares of Kraft Foods Common Stock per Cadbury ordinary share validly tendered and 2,000 pence in cash and 0.7496 shares of Kraft Foods Common Stock per Cadbury ADS validly tendered. This valued Cadbury at $18.5 billion, or approximately £11.6 billion (based on the average price of $28.36 for a share of Kraft Foods Common Stock on February 2, 2010 and an exchange rate of $1.595 per £1.00).

On February 2, 2010, we acquired 71.73% of Cadbury Shares for $13.1 billion and the value attributed to noncontrolling interests was $5.4 billion. From February 2, 2010 through June 1, 2010, we acquired the remaining 28.27% of Cadbury Shares for $5.4 billion. We had a $38 million gain on noncontrolling interest acquired and recorded it within additional paid in capital.

As part of our Cadbury acquisition, we incurred and expensed transaction related fees of $218 million in 2010 and $40 million in 2009. We recorded these expenses within selling, general and administrative expenses. We also incurred acquisition financing fees of $96 million in 2010. We recorded these expenses within interest and other expense, net.

To secure EU regulatory approval of the acquisition, we were required to divest certain Cadbury confectionery operations in Poland and Romania. In 2010, we completed the sale of the assets of these businesses and generated $342 million in sale proceeds. The impacts of these divestitures were primarily reflected as adjustments to the Cadbury purchase price allocations.

Cadbury contributed net revenues of $9,143 million and net earnings of $530 million from February 2, 2010 through December 31, 2010. The following unaudited pro forma summary presents Kraft Foods' consolidated information as if Cadbury had been acquired on January 1, 2009. These amounts were calculated after conversion to U.S. GAAP, applying our accounting policies, and adjusting Cadbury's results to reflect the additional depreciation and amortization that would have been charged assuming the fair value adjustments to property, plant and equipment, and intangible assets had been applied from January 1, 2009, together with the consequential tax effects. These adjustments also reflect the additional interest expense incurred on the debt to finance the purchase, and the divestitures of certain Cadbury confectionery operations in Poland and Romania.

		00,000,000		00,000,000
	Pro forma for the
	Years Ended December 31,
	2010		2009
	(in millions)

Net revenues	$	49,770	$	47,852
Net earnings attributable to Kraft Foods		3,938		2,586

Our February 2, 2010 Cadbury acquisition was valued at $18,547 million, or $17,503 million net of cash and cash equivalents. As part of that acquisition, we acquired the following assets and assumed the following liabilities (in millions):

		00,000,000
Receivables ⁽¹⁾	$	1,333
Inventories		1,298
Other current assets		660
Property, plant and equipment		3,293
Goodwill ⁽²⁾		9,530
Intangible assets ⁽³⁾		12,905
Other assets		593
Short-term borrowings		(1,206	)
Accounts payable		(1,605	)
Other current liabilities⁽⁴⁾		(1,866	)
Long-term debt		(2,437	)
Deferred income taxes		(3,218	)
Accrued pension costs		(817	)
Other liabilities		(927	)
Noncontrolling interest		(33	)

(1)

The gross amount of acquired receivables was $1,474 million, of which $141 million was reserved as uncollectable.

(2)

Goodwill will not be deductible for statutory tax purposes and is attributable to Cadbury's workforce and the significant synergies we expect from the acquisition.

(3)

We acquired $10.3 billion of indefinitely lived intangible assets, primarily trademarks, and $2.6 billion of amortizable intangible assets, primarily customer relationships and technology. Customer relationships will be amortized over approximately 13 years and technology will be amortized over approximately 12 years.

(4)

Within other current liabilities, a reserve for exposures related to taxes of approximately $70 million was established within our Developing Markets segment. The cumulative exposure was approximately $150 million at December 31, 2010.

Pizza Divestiture:

On March 1, 2010, we completed the sale of the assets of our North American frozen pizza business ("Frozen Pizza") to Nestlé USA, Inc. ("Nestlé") for $3.7 billion. Our Frozen Pizza business was a component of our U.S. Convenient Meals and Canada & North America Foodservice segments. The sale included the DiGiorno, Tombstone and Jack's brands in the U.S., the Delissio brand in Canada and the California Pizza Kitchen trademark license. It also included two Wisconsin manufacturing facilities (Medford and Little Chute) and the leases for the pizza depots and delivery trucks. Approximately 3,600 of our employees transferred with the business to Nestlé. Accordingly, the results of our Frozen Pizza business have been reflected as discontinued operations on the consolidated statement of earnings for all periods presented.

Pursuant to the Frozen Pizza business Transition Services Agreement, we agreed to provide certain sales, co-manufacturing, distribution, information technology, accounting and finance services to Nestlé for up to two years. As of December 31, 2011, these service agreements were substantially complete.

Summary results of operations for the Frozen Pizza business through March 1, 2010 were as follows:

		00,000,000			00,000,000
	For the Years Ended December 31,
	2010			2009
	(in millions)

Net revenues	$	335		$	1,632

Earnings before income taxes		73			341
Provision for income taxes		(25	)		(123	)
Gain on discontinued operations, net of income taxes		1,596			–

Earnings and gain from discontinued operations, net of income taxes	$	1,644		$	218

Earnings before income taxes as presented exclude associated allocated overheads of $25 million in 2010 and $108 million in 2009. The 2010 gain on discontinued operations from the sale of the Frozen Pizza business included tax expense of $1.2 billion.

The following assets of the Frozen Pizza business were included in the Frozen Pizza divestiture (in millions):

		00,000,000
Inventories, net	$	102
Property, plant and equipment, net		317
Goodwill		475

Divested assets of the Frozen Pizza business	$	894

Other Divestitures:

In 2009, we received $41 million in net proceeds and recorded pre-tax losses of $6 million on the divestitures of our Balance bar operations in the U.S., a juice operation in Brazil and a plant in Spain. We recorded after-tax gains of $58 million on these divestitures, primarily due to the differing book and tax bases of our Balance bar operations.

The aggregate operating results of the divestitures discussed above, other than the divestiture of the Frozen Pizza business, were not material to our financial statements in any of the periods presented. Refer to Note 16, Segment Reporting, for details of the gains and losses on divestitures by segment.

Inventories

12 Months Ended

Dec. 31, 2011

Inventories [Abstract]

Inventories

Note 4. Inventories

Inventories at December 31, 2011 and 2010 were:


	2011		2010
	(in millions)
Raw materials	$	1,800	$	1,743
Finished product		3,906		3,567

Inventories, net	$	5,706	$	5,310

Property, Plant And Equipment [Abstract]

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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Property, Plant And Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant And Equipment

Note 5. Property, Plant and Equipment

Property, plant and equipment at December 31, 2011 and 2010 were:


	2011			2010
	(in millions)
Land and land improvements	$	768		$	795
Buildings and building equipment		4,997			4,934
Machinery and equipment		16,934			16,147
Construction in progress		1,233			1,154

		23,932			23,030
Accumulated depreciation		(10,119	)		(9,238	)

Property, plant and equipment, net	$	13,813		$	13,792

Asset impairments:

We did not record any asset impairments in 2011. During 2010, we recorded an asset impairment of $12 million on a biscuit plant and related property, plant and equipment in France. During 2009, we recorded a $9 million asset impairment charge to write off an investment in Norway. These charges were recorded within asset impairment and exit costs.

Goodwill And Intangible Assets [Abstract]

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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Goodwill And Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill And Intangible Assets

Note 6. Goodwill and Intangible Assets

At December 31, 2011 and 2010, goodwill by reportable segment was:

		00,000,000		00,000,000
	2011		2010
	(in millions)

Kraft Foods North America:
U.S. Beverages	$	1,290	$	1,290
U.S. Cheese		3,000		3,000
U.S. Convenient Meals		985		985
U.S. Grocery		3,046		3,046
U.S. Snacks		9,125		9,125
Canada & N.A. Foodservice		3,385		3,430
Kraft Foods Europe		9,003		9,023
Kraft Foods Developing Markets		7,463		7,957

Goodwill	$	37,297	$	37,856

Intangible assets at December 31, 2011 and 2010 were:

		00,000,000			00,000,000
	2011			2010
	(in millions)

Non-amortizable intangible assets	$	22,859		$	23,351
Amortizable intangible assets		2,853			2,928

		25,712			26,279
Accumulated amortization		(526	)		(316	)

Intangible assets, net	$	25,186		$	25,963

Non-amortizable intangible assets consist principally of brand names purchased through our acquisitions of Nabisco Holdings Corp., the Spanish and Portuguese operations of United Biscuits, the global LU Biscuit business of Groupe Danone S.A. and Cadbury. Amortizable intangible assets consist primarily of trademark licenses, customer-related intangibles, process technology, license agreements and non-compete agreements. At December 31, 2011, the weighted-average life of our amortizable intangible assets was 13.2 years.

Changes in goodwill and intangible assets consisted of:

		00,000,000			00,000,000			00,000,000			00,000,000
	2011						2010
	Goodwill			Intangible Assets, at cost			Goodwill			Intangible Assets, at cost
	(in millions)
Balance at January 1	$	37,856		$	26,279		$	28,764		$	13,540
Changes due to:
Foreign currency		(559	)		(567	)		37			48
Acquisitions		–			–			9,530			12,907
Divestitures		–			–			(475	)		(168	)
Asset impairments		–			–			–			(43	)
Other		–			–			–			(5	)

Balance at December 31	$	37,297		$	25,712		$	37,856		$	26,279

In 2011, except for changes due to foreign currency translation, there were no significant changes to goodwill and intangible assets. In 2010, significant changes were:

•

Acquisitions-We increased goodwill by $9,530 million and intangible assets by $12,907 million related to allocations of purchase price for our Cadbury acquisition. We recorded $2,177 million of the acquired goodwill in our U.S. Snacks segment, $937 million in our Canada & N.A. Foodservice segment, $2,671 million in our Kraft Foods Europe segment and $3,745 million in our Kraft Foods Developing Markets segment.

•

Divestitures-We reduced goodwill by $475 million due to our Frozen Pizza business divestiture.

•

Asset impairments-During our 2010 review of goodwill and non-amortizable intangible assets, we recorded a $13 million charge for the impairment of intangible assets in the Netherlands and a $30 million charge for the impairment of intangible assets in China. These charges were recorded within asset impairment and exit costs.

In 2011, there were no impairments of goodwill or non-amortizable intangible assets. In 2010, we also noted no goodwill impairment and disclosed five reporting units which were more sensitive to near-term changes in discounted cash flow assumptions. In 2011, we noted only one reporting unit, U.S. Salty Snacks, which continues to be sensitive primarily to ongoing significant input cost pressure. U.S. Salty Snacks has $1,170 million of goodwill as of December 31, 2011, and its excess fair value over the carrying value of its net assets improved from 12% in 2010, to 19% in 2011. While the reporting unit passed the first step of the impairment test by a substantial margin, if its operating income were to decline significantly in the future, it would adversely affect the estimated fair value of the reporting unit. If input costs were to continue to rise, we expect to take further pricing actions as we have done in 2011. However, if we are unsuccessful in these efforts, it would decrease profitability, negatively affect the estimated fair value of the U.S. Salty Snacks reporting unit and could lead to a potential impairment in the future.

Amortization expense for intangible assets was $225 million in 2011, $211 million in 2010, and $26 million in 2009. We currently estimate amortization expense for each of the next five years to be approximately $215 million.

Integration Program And Cost Savings Initiatives [Abstract]

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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Integration Program And Cost Savings Initiatives

12 Months Ended

Dec. 31, 2011

Integration Program And Cost Savings Initiatives

Note 7. Integration Program and Cost Savings Initiatives

Integration Program

Our combination with Cadbury continues to have the potential for meaningful synergies and costs savings. We now expect to recognize approximately $800 million of cost savings by the end of the third year following completion of the acquisition, up from our original estimate of $750 million. Additionally, we expect to create revenue synergies from investments in distribution, marketing and product development. In order to achieve these cost savings and synergies, we expect to incur total integration charges of approximately $1.5 billion in the first three years following the acquisition to combine and integrate the two businesses (the "Integration Program").

Integration Program costs include the costs associated with combining our operations with Cadbury's and are separate from the costs related to the acquisition. We incurred charges under the Integration Program of $521 million in 2011 and $657 million in 2010. We recorded these charges primarily in operations as a part of selling, general and administrative expenses within our Kraft Foods Europe and Kraft Foods Developing Markets segments, as well as general corporate expenses. Since the inception of the Integration Program, we have incurred approximately $1.2 billion of the $1.5 billion in expected charges.

Changes in the Integration Program liability consisted of:

		00,000,000			00,000,000
	2011			2010
	(in millions)

Balance at January 1	$	406		$	–
Liability assumed upon acquisition		–			228
Charges		521			657
Cash spent		(554	)		(463	)
Asset impairments		–			(13	)
Currency / other		(27	)		(3	)

Balance at December 31	$	346		$	406

Cost Savings Initiatives

Cost savings initiatives generally include exit, disposal and other project costs and consisted of the following specific initiatives:

•

In 2011, we recorded a $64 million charge primarily within the segment operating income of Kraft Foods Europe and related to severance benefits provided to terminated employees and charges in connection with Kraft Foods Europe reorganization. We also reversed $37 million of cost savings initiative program costs across all segments except Kraft Foods Europe.

•

In 2010, we recorded $170 million primarily within the segment operating income of Kraft Foods Europe and Canada & N.A. Foodservice and in connection with the Kraft Foods Europe reorganization.

•

In 2009, we recorded $318 million primarily for severance benefits provided to terminated employees, associated benefit plan costs and other related activities. These were recorded in operations, primarily within the segment operating income of Kraft Foods Europe, with the remainder spread across all other segments.

Within our Integration Program and cost savings initiatives, we include certain costs along with exit and disposal costs that are directly attributable to these activities and do not qualify for treatment as exit or disposal costs under U.S. GAAP. These costs, which we commonly refer to as other project costs or implementation costs, generally include the integration and reorganization of operations and facilities, the discontinuance of certain product lines and the incremental expenses related to the closure of facilities. We believe the disclosure of these charges within our operating income provides greater transparency of the impact of these programs and initiatives on our operating results.

Debt And Borrowing Arrangements [Abstract]

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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Debt And Borrowing Arrangements

12 Months Ended

Dec. 31, 2011

Debt and Borrowing Arrangements

Note 8. Debt and Borrowing Arrangements

Short-Term Borrowings:

At December 31, 2011 and 2010, our short-term borrowings and related weighted-average interest rates consisted of:

		00,000,000		00,000,000		00,000,000		00,000,000
	2011				2010
	Amount Outstanding		Weighted-Average Year-End Rate		Amount Outstanding		Weighted-Average Year-End Rate
	(in millions)				(in millions)

Commercial paper	$	–			$	483		0.5%
Bank loans		182		10.7%		267		6.3%

Total short-term borrowings	$	182			$	750

The fair values of our short-term borrowings at December 31, 2011 and 2010, based upon current market interest rates, approximate the amounts disclosed above.

Borrowing Arrangements:

On April 1, 2011, we entered into an agreement for a $4.5 billion four-year senior unsecured revolving credit facility which expires in April 2015. The agreement replaced our former revolving credit agreement, which was terminated upon the signing of the new agreement. We intend to use the revolving credit facility for general corporate purposes, including for working capital purposes, and to support our commercial paper issuances. As of December 31, 2011, no amounts have been drawn on the facility.

The revolving credit agreement requires us to maintain a minimum total shareholders' equity, excluding accumulated other comprehensive earnings / (losses), of at least $28.6 billion. At December 31, 2011, our total shareholders' equity, excluding accumulated other comprehensive earnings / (losses), was $41.9 billion. We expect to continue to meet this covenant. The revolving credit agreement also contains customary representations, covenants and events of default. However, the revolving credit facility has no other financial covenants, credit rating triggers or provisions that could require us to post collateral as security.

In addition to the above, some of our international subsidiaries maintain primarily uncommitted credit lines to meet short-term working capital needs. Collectively, these credit lines amounted to $2.3 billion at December 31, 2011 and $2.4 billion at December 31, 2010. Borrowings on these lines amounted to $182 million at December 31, 2011 and $267 million at December 31, 2010.

As part of our Cadbury acquisition, on November 9, 2009, we entered into an agreement for a 364-day senior unsecured bridge facility (the "Cadbury Bridge Facility"). During the first quarter of 2010, we borrowed £807 million under the Cadbury Bridge Facility, and repaid it ($1,205 million at the time of repayment) with proceeds from the divestiture of our Frozen Pizza business. Upon repayment, the Cadbury Bridge Facility was terminated.

Long-Term Debt:

At December 31, 2011 and 2010, our long-term debt consisted of (interest rates were as of December 31, 2011):

		00,000,000			00,000,000
	2011			2010
	(in millions)

Notes, 2.63% to 7.55% (average effective rate 5.87%), due through 2040	$	21,766		$	22,872
Euro notes, 5.75% to 6.25% (average effective rate 5.98%), due through 2015		3,690			3,808
Sterling notes, 5.38% to 7.25% (average effective rate 4.94%), due through 2018		1,074			1,091
Other foreign currency obligations		178			158
Capital leases and other		41			45

Total		26,749			27,974
Less current portion of long-term debt		(3,654	)		(1,115	)

Long-term debt	$	23,095		$	26,859

As of December 31, 2011, aggregate maturities of long-term debt were (in millions):

		00,000,000
2012	$	3,654
2013		3,563
2014		971
2015		1,506
2016		1,773
Thereafter		15,308

On January 10, 2012, we issued $800 million of floating rate notes maturing in 2013 which bear interest at a rate equal to the three-month London Inter-Bank Offered Rate ("LIBOR") plus 0.875%. We received net proceeds of $798.8 million from the issuance. The notes have a special mandatory redemption. Upon public announcement of the record date for the proposed spin-off of our North American grocery business to our shareholders, we will be required to issue a notice of redemption of all of the notes at a redemption price equal to 100% of the aggregate principal amount of the notes, plus accrued and unpaid interest through the day prior to the redemption date.

On November 1, 2011, we repaid $1.1 billion of our long-term debt with cash from operations and short-term borrowings.

On December 29, 2010 we repurchased $900 million principal amount of our 5.625% notes due 2011 and $600 million principal amount of our 6.25% notes due 2012, which were validly tendered pursuant to the cash tender offers we initiated in November 2010. We paid $1,596 million aggregate consideration, including accrued and unpaid interest, for the accepted notes in December 2010.

On December 20, 2010, we repaid £77 million (approximately $119 million) of our long-term debt and on August 11, 2010, we repaid $500 million of our long-term debt. We funded these repayments with cash from operations and short-term borrowings.

On February 8, 2010, we issued $9.5 billion of senior unsecured notes at a weighted-average effective rate of 5.364% and used the net proceeds ($9,379 million) to finance the Cadbury acquisition and for general corporate purposes. The general terms of the $9.5 billion notes are:

•

$3.75 billion total principal notes due February 10, 2020 at a fixed, annual interest rate of 5.375%. Interest is payable semiannually beginning August 10, 2010.

•

$3.00 billion total principal notes due February 9, 2040 at a fixed, annual interest rate of 6.500%. Interest is payable semiannually beginning August 9, 2010.

•

$1.75 billion total principal notes due February 9, 2016 at a fixed, annual interest rate of 4.125%. Interest is payable semiannually beginning August 9, 2010.

•

$1.00 billion total principal notes due May 8, 2013 at a fixed, annual interest rate of 2.625%. Interest is payable semiannually beginning November 8, 2010.

In addition, these notes include covenants that restrict our ability to incur debt secured by liens above a certain threshold. We also must offer to purchase these notes at a price equal to 101% of the aggregate principal amount, plus accrued and unpaid interest to the date of repurchase, if both of the following occur: (i) a "change of control" triggering event, and (ii) a downgrade of these notes below an investment grade rating by each of Moody's Investors Service, Inc., Standard & Poor's Ratings Services and Fitch, Inc. within a specified period. We expect to continue to comply with our long-term debt covenants.

On February 2, 2010, as part of the Cadbury acquisition, we acquired $2,437 million of long-term debt. The terms of the debt (including U.S. dollar par amounts as of February 2, 2010) were:

•

£77 million (approximately $123 million) total principal notes due December 20, 2010 at a fixed, annual interest rate of 4.875%.

•

C$150 million (approximately $140 million) Canadian bank loan agreement expiring August 30, 2012 at a variable interest rate. The interest rate at December 31, 2011 was 1.507%.

•

$1.0 billion total principal notes due October 1, 2013 at a fixed, annual interest rate of 5.125%.

•

£300 million (approximately $499 million) total principal notes due December 11, 2014 at a fixed, annual interest rate of 5.375%.

•

£350 million (approximately $626 million) total principal notes due July 18, 2018 at a fixed, annual interest rate of 7.250%.

Fair Value:

The aggregate fair value of our total debt was $31,113 million as compared with the carrying value of $26,931 million at December 31, 2011, and $31,459 million as compared with the carrying value of $28,724 million at December 31, 2010. The fair value of our debt was determined using Level 1 quoted prices in active markets for identical liabilities.

Interest and Other Expense, Net:

Interest and other expense, net consisted of:

		00,000,000		00,000,000			00,000,000
	For the Years Ended December 31,
	2011		2010			2009
	(in millions)

Interest expense, debt	$	1,645	$	1,790		$	1,260
Acquisition-related financing fees		–		251			–
Other expense / (income), net		240		(17	)		(23	)

Total interest and other expense, net	$	1,885	$	2,024		$	1,237

In 2011, other expense includes a loss of $157 million related to several interest rate swaps that settled in 2011. In 2010, acquisition-related financing fees include hedging and foreign currency impacts associated with the Cadbury acquisition and other fees associated with the Cadbury Bridge Facility.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Capital Stock

12 Months Ended

Dec. 31, 2011

Capital Stock [Abstract]

Capital Stock

Note 9. Capital Stock

Our articles of incorporation authorize 5.0 billion shares of Class A common stock and 500 million shares of preferred stock. In 2010, we combined our Class A and Class B common stock authorizations. Accordingly, we only have a single class of Class A common stock authorized. Shares of Class A common stock issued, in treasury and outstanding were:


						Shares
	Shares Issued		Treasury Shares			Outstanding
Balance at January 1, 2009		1,735,000,000		(265,698,560	)		1,469,301,440
Exercise of stock options and issuance of other stock awards		—		8,583,463			8,583,463

Balance at December 31, 2009		1,735,000,000		(257,115,097	)		1,477,884,903

Shares issued		261,537,778		—			261,537,778
Exercise of stock options and issuance of other stock awards		—		8,643,868			8,643,868

Balance at December 31, 2010		1,996,537,778		(248,471,229	)		1,748,066,549

Exercise of stock options and issuance of other stock awards		—		19,830,140			19,830,140

Balance at December 31, 2011		1,996,537,778		(228,641,089	)		1,767,896,689

At December 31, 2011, 115,094,789 shares of Class A common stock were reserved for stock options and other stock awards. There were no preferred shares or Class B common shares issued and outstanding at December 31, 2011, 2010 and 2009.

In 2010, we issued 262 million shares of our Class A common stock as part of the Cadbury acquisition. The issued stock had a total fair value of $7,457 million based on the average of the high and low market prices on the dates of issuance.

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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+ Details

Stock Plans

12 Months Ended

Dec. 31, 2011

Stock Plans [Abstract]

Stock Plans

Note 10. Stock Plans

We align our annual and long-term incentive compensation programs with shareholder returns. Under the Amended and Restated 2005 Performance Incentive Plan (the "2005 Plan"), we may grant to eligible employees awards of stock options, stock appreciation rights, restricted stock, restricted and deferred stock units, and other awards based on our Common Stock, as well as performance-based annual and long-term incentive awards. We are authorized to issue a maximum of 168.0 million shares of our Common Stock under the 2005 Plan. In addition, the Kraft Foods Restated 2006 Stock Compensation Plan for Non-Employee Directors (the "2006 Directors Plan"), was amended in 2011 at our annual meeting of shareholders in May 2011, and we now may grant up to 1,000,000 shares of our Common Stock to members of the Board of Directors who are not our full-time employees. At December 31, 2011, there were 56,752,061 shares available to be granted under the 2005 Plan and 789,603 shares available to be granted under the 2006 Directors Plan. Restricted or deferred shares available for grant under the 2005 Plan at December 31, 2011, were 19,886,997.

All stock awards are issued to employees from treasury stock. We have no specific policy to repurchase our Common Stock to mitigate the dilutive impact of options; however, we have historically made adequate discretionary purchases, based on cash availability, market trends and other factors, to satisfy stock option exercise activity.

Stock Options:

Stock options are granted at an exercise price equal to the market value of the underlying stock on the grant date, generally become exercisable in three annual installments beginning on the first anniversary of the grant date and have a maximum term of ten years.

We account for our employee stock options under the fair value method of accounting using a modified Black-Scholes methodology to measure stock option expense at the date of grant. The fair value of the stock options at the date of grant is amortized to expense over the vesting period. We recorded compensation expense related to stock options of $49 million in 2011, $46 million in 2010 and $31 million in 2009. The deferred tax benefit recorded related to this compensation expense was $15 million in 2011, $15 million in 2010 and $11 million in 2009. The unamortized compensation expense related to our stock options was $67 million at December 31, 2011 and is expected to be recognized over a weighted-average period of two years. Our weighted-average Black-Scholes fair value assumptions were as follows:

		00,000,000		00,000,000		00,000,000		00,000,000		00,000,000
	Risk-Free				Expected		Expected		Fair Value
	Interest Rate		Expected Life		Volatility		Dividend Yield		at Grant Date

2011		2.34%		6 years		18.92%		3.72%	$	3.84
2010		2.82%		6 years		19.86%		4.14%	$	3.69
2009		2.46%		6 years		21.36%		4.90%	$	2.68

The risk-free interest rate represents the constant maturity U.S. government treasuries rate with a remaining term equal to the expected life of the options. The expected life is the period over which our employees are expected to hold their options. Volatility reflects historical movements in our stock price for a period commensurate with the expected life of the options. Dividend yield is estimated over the expected life of the options based on our stated dividend policy.

Stock option activity for the year ended December 31, 2011 was:

		00,000,000			00,000,000	00,000,000	00,000,000
						Average
				Weighted-		Remaining	Aggregate
	Shares Subject			Average		Contractual	Intrinsic
	to Option			Exercise Price		Term	Value

Balance at January 1, 2011		54,236,161		$	27.71
Options granted		16,319,790			31.81
Options exercised		(17,693,101	)		28.00
Options cancelled		(3,263,983	)		29.27

Balance at December 31, 2011		49,598,867			28.87	8 years	$426 million

Exercisable at December 31, 2011		18,876,266			27.21	7 years	$189 million

In February 2011, as part of our annual equity program, we granted 15.8 million stock options to eligible employees at an exercise price of $31.83. In the aggregate, we granted 16.3 million stock options during 2011 at a weighted-average exercise price of $31.81.

In February 2010, as part of our annual equity program, we granted 15.0 million stock options to eligible employees at an exercise price of $29.15. In the aggregate, we granted 18.1 million stock options during 2010 at a weighted-average exercise price of $29.24, including options issued to Cadbury employees under our annual equity program.

In February 2009, as part of our annual equity program, we granted 16.3 million stock options to eligible employees at an exercise price of $23.64.

The total intrinsic value of options exercised was $98 million in 2011, $92 million in 2010 and $72 million in 2009. Cash received from options exercised was $486 million in 2011, $134 million in 2010 and $79 million in 2009. The actual tax benefit realized for the tax deductions from the option exercises totaled $40 million in 2011, $60 million in 2010 and $52 million in 2009.

Restricted and Deferred Stock:

We may grant shares of restricted or deferred stock to eligible employees, giving them, in most instances, all of the rights of shareholders, except that they may not sell, assign, pledge or otherwise encumber the shares. Shares of restricted and deferred stock are subject to forfeiture if certain employment conditions are not met. Restricted and deferred stock generally vest on the third anniversary of the grant date.

Shares granted in connection with our long-term incentive plan vest based on varying performance, market and service conditions. The unvested shares have no voting rights and do not pay dividends.

The fair value of the restricted and deferred shares at the date of grant is amortized to earnings over the restriction period. We recorded compensation expense related to restricted and deferred stock of $132 million in 2011, $128 million in 2010, and $133 million in 2009. The deferred tax benefit recorded related to this compensation expense was $41 million in 2011, $39 million in 2010, and $44 million in 2009. The unamortized compensation expense related to our restricted and deferred stock was $164 million at December 31, 2011 and is expected to be recognized over a weighted-average period of two years.

Our restricted and deferred stock activity for the year ended December 31, 2011 was:

		00,000,000			00,000,000
				Weighted- Average
	Number			Grant Date Fair Value
	of Shares			Per Share

Balance at January 1, 2011		14,221,494		$	27.84
Granted		5,070,012			31.97
Vested		(4,353,760	)		30.35
Forfeited		(1,320,573	)		29.30

Balance at December 31, 2011		13,617,173			28.43

In January 2011, we granted 1.5 million shares of stock in connection with our long-term incentive plan, and the market value per share was $31.62 on the date of grant. In February 2011, as part of our annual equity program, we issued 2.6 million shares of restricted and deferred stock to eligible employees, and the market value per restricted or deferred share was $31.83 on the date of grant. In aggregate, we issued 5.1 million restricted and deferred shares during 2011, including those issued as part of our long-term incentive plan, with a weighted-average market value per share of $31.97.

In January 2010, we granted 1.7 million shares of stock in connection with our long-term incentive plan, and the market value per share was $27.33 on the date of grant. In February 2010, as part of our annual equity program, we issued 2.5 million shares of restricted and deferred stock to eligible employees, and the market value per restricted or deferred share was $29.15 on the date of grant. In aggregate, we issued 5.8 million restricted and deferred shares during 2010, including those issued as part of our long-term incentive plan, with a weighted-average market value per share of $28.82.

In January 2009, we granted 1.5 million shares of stock in connection with our long-term incentive plan, and the market value per share was $27.00 on the date of grant. In February 2009, as part of our annual equity program, we issued 4.1 million shares of restricted and deferred stock to eligible employees, and the market value per restricted or deferred share was $23.64 on the date of grant. In aggregate, we issued 5.8 million restricted and deferred shares during 2009, including those issued as part of our long-term incentive plan, with a weighted-average market value per share of $24.68.

The weighted-average grant date fair value of restricted and deferred stock granted was $162 million, or $31.97 per restricted or deferred share, in 2011; $167 million, or $28.82 per restricted or deferred share, in 2010; and $143 million, or $24.68 per restricted or deferred share, in 2009. The vesting date fair value of restricted and deferred stock was $135 million in 2011, $117 million in 2010, and $153 million in 2009.

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details

Benefit Plans

12 Months Ended

Dec. 31, 2011

Benefit Plans [Abstract]

Benefit Plans

Note 11. Benefit Plans

Pension Plans

Obligations and Funded Status:

The projected benefit obligations, plan assets and funded status of our pension plans at December 31, 2011 and 2010 were:

		00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans						Non-U.S. Plans
	2011			2010			2011			2010
	(in millions)

Benefit obligation at January 1	$	6,703		$	6,195		$	8,895		$	4,401
Service cost		146			145			170			162
Interest cost		364			368			458			419
Benefits paid		(304	)		(322	)		(470	)		(462	)
Settlements paid		(187	)		(244	)		–			(49	)
Curtailment gain		(3	)		(23	)		(1	)		(3	)
Actuarial losses		744			368			588			265
Acquisition		–			206			–			4,375
Currency		–			–			(95	)		(164	)
Other		9			10			36			(49	)

Benefit obligation at December 31		7,472			6,703			9,581			8,895


Fair value of plan assets at January 1		5,800			5,496			7,453			3,397
Actual return on plan assets		(18	)		671			284			624
Contributions		538			85			387			326
Benefits paid		(304	)		(322	)		(470	)		(462	)
Settlements paid		(187	)		(244	)		–			(49	)
Acquisition		–			114			–			3,702
Currency		–			–			(54	)		(84	)
Other		–			–			–			(1	)

Fair value of plan assets at December 31		5,829			5,800			7,600			7,453

Net pension liability recognized at December 31	$	(1,643	)	$	(903	)	$	(1,981	)	$	(1,442	)

In 2010, our projected benefit obligation decreased $23 million due to the divestiture of our Frozen Pizza business and its effect on certain of our U.S. pension plans.

The accumulated benefit obligation, which represents benefits earned to the measurement date, was $6,971 million at December 31, 2011 and $6,208 million at December 31, 2010 for the U.S. pension plans. The accumulated benefit obligation for the non-U.S. pension plans was $9,207 million at December 31, 2011 and $8,549 million at December 31, 2010.

The combined U.S. and non-U.S. pension plans resulted in a net pension liability of $3,624 million at December 31, 2011 and $2,345 million at December 31, 2010. We recognized these amounts in our consolidated balance sheets at December 31, 2011 and 2010 as follows:

		00,000,000			00,000,000
	2011			2010
	(in millions)

Prepaid pension assets	$	31		$	86
Other accrued liabilities		(58	)		(49	)
Accrued pension costs		(3,597	)		(2,382	)

	$	(3,624	)	$	(2,345	)

Certain of our U.S. and non-U.S. plans are underfunded and have accumulated benefit obligations in excess of plan assets. For these plans, the projected benefit obligations, accumulated benefit obligations and the fair value of plan assets at December 31, 2011 and 2010 were:

		00,000,000		00,000,000		00,000,000		00,000,000
	U.S. Plans				Non-U.S. Plans
	2011		2010		2011		2010
	(in millions)

Projected benefit obligation	$	7,472	$	5,097	$	9,314	$	7,934
Accumulated benefit obligation		6,971		4,627		8,962		7,668
Fair value of plan assets		5,829		4,156		7,313		6,471

We used the following weighted-average assumptions to determine our benefit obligations under the pension plans at December 31:

		00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans						Non-U.S. Plans
	2011			2010			2011			2010

Discount rate		4.85	%		5.53	%		4.62	%		5.11	%
Expected rate of return on plan assets		8.00	%		7.95	%		6.47	%		6.77	%
Rate of compensation increase		4.00	%		4.00	%		3.58	%		3.68	%

Year-end discount rates for our U.S. and Canadian plans were developed from a model portfolio of high quality, fixed-income debt instruments with durations that match the expected future cash flows of the benefit obligations. Year-end discount rates for our non-U.S. plans (other than Canadian plans) were developed from local bond indices that match local benefit obligations as closely as possible. Changes in our discount rates were primarily the result of changes in bond yields year-over-year. We determine our expected rate of return on plan assets from the plan assets' historical long-term investment performance, current asset allocation and estimates of future long-term returns by asset class.

Components of Net Pension Cost:

Net pension cost consisted of the following for the years ended December 31, 2011, 2010, and 2009:

		00,000,000			00,000,000			00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans									Non- U.S. Plans
	2011			2010			2009			2011			2010			2009
	(in millions)

Service cost	$	146		$	145		$	152		$	170		$	162		$	67
Interest cost		364			368			369			458			419			215
Expected return on plan assets		(496	)		(490	)		(486	)		(536	)		(467	)		(242	)
Amortization:
Net loss from experience differences		225			170			160			101			77			23
Prior service cost		7			6			6			2			7			6
Other expenses		105			123			112			14			11			8

Net pension cost	$	351		$	322		$	313		$	209		$	209		$	77

A significant portion of the 2010 increase in non-U.S. net periodic pension cost related to the Cadbury acquisition. The following costs are included within other expenses above. Severance payments related to our cost savings initiatives and restructuring program, and retired employees who elected lump-sum payments resulted in settlement losses for our U.S. plans of $105 million in 2011, $118 million in 2010, and $107 million in 2009. In addition, we incurred a $5 million curtailment charge in 2010 related to the divestiture of our Frozen Pizza business. Non-U.S. plant closures and early retirement benefits resulted in curtailment and settlement losses of $8 million in 2011, $11 million in 2010, and $8 million in 2009. In addition, in 2011 we incurred $6 million in special termination benefit costs in the non-U.S. plans related to the Cadbury integration.

For the U.S. plans, we determine the expected return on plan assets component of net periodic benefit cost using a calculated market return value that recognizes the cost over a four year period. For our non-U.S. plans, we utilize a similar approach with varying cost recognition periods for some plans, and with others, we determine the expected return on plan assets based on asset fair values as of the measurement date.

As of December 31, 2011, for the combined U.S. and non-U.S. pension plans, we expected to amortize from accumulated other comprehensive earnings / (losses) into net periodic pension cost during 2012:

•

an estimated $475 million of net loss from experience differences; and

•

an estimated $9 million of prior service cost.

We used the following weighted-average assumptions to determine our net pension cost for the years ended December 31:

		00,000,000			00,000,000			00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans									Non-U.S. Plans
	2011			2010			2009			2011			2010			2009

Discount rate		5.53	%		5.85	%		6.10	%		5.11	%		5.21	%		6.41	%
Expected rate of return on plan assets		7.95	%		7.99	%		8.00	%		6.77	%		6.68	%		7.25	%
Rate of compensation increase		4.00	%		3.98	%		4.00	%		3.68	%		3.59	%		3.09	%

Plan Assets:

The fair value of pension plan assets at December 31, 2011 was determined using the following fair value measurements:

		00,000,000,000		00,000,000,000		00,000,000,000		00,000,000,000
	Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Asset Category	(in millions)

U.S. equity securities	$	272	$	266	$	6	$	–
Non-U.S. equity securities		1,666		1,664		2		–
Pooled funds-equity securities		4,755		485		4,270		–

Total equity securities		6,693		2,415		4,278		–

Government bonds		1,170		571		599		–
Pooled funds-fixed-income securities		1,515		230		1,278		7
Corporate bonds and other fixed-income securities		3,019		100		2,161		758

Total fixed-income securities		5,704		901		4,038		765

Real estate		351		91		5		255
Other		529		119		19		391

Total	$	13,277	$	3,526	$	8,340	$	1,411

The fair value of pension plan assets at December 31, 2010 was determined using the following fair value measurements:

		00,000,000,000		00,000,000,000		00,000,000,000		00,000,000,000
	Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Asset Category	(in millions)

U.S. equity securities	$	280	$	276	$	4	$	–
Non-U.S. equity securities		1,915		1,912		3		–
Pooled funds-equity securities		4,971		281		4,690		–

Total equity securities		7,166		2,469		4,697		–

Government bonds		1,405		731		674		–
Pooled funds-fixed-income securities		1,893		52		1,841		–
Corporate bonds and other fixed-income securities		1,749		5		993		751

Total fixed-income securities		5,047		788		3,508		751

Real estate		343		86		7		250
Other		542		155		11		376

Total	$	13,098	$	3,498	$	8,223	$	1,377

We excluded plan assets of $152 million at December 31, 2011 and $155 million at December 31, 2010 from the above tables related to certain insurance contracts as they are reported at contract value, in accordance with authoritative guidance.

Fair value measurements:

•

Level 1 – includes primarily U.S and non-U.S. equity securities and government bonds valued using quoted prices in active markets.

•

Level 2 – includes primarily pooled funds, including assets in real estate pooled funds, valued using net asset values of participation units held in common collective trusts, as reported by the managers of the trusts and as supported by the unit prices of actual purchase and sale transactions. Level 2 plan assets also primarily include corporate bonds and other fixed-income securities, valued using independent observable market inputs, such as matrix pricing, yield curves and indices.

•

Level 3 – includes investments valued using unobservable inputs that reflect the plans' assumptions that market participants would use in pricing the assets, based on the best information available.

•

Fair value estimates for pooled funds are calculated by the investment advisor when reliable quotations or pricing services are not readily available for certain underlying securities. The estimated value is based on either cost, or last sale price for most of the securities valued in this fashion.

•

Fair value estimates for limited partnership and private equity investments are calculated by the general partners using the market approach to estimate the fair value of private investments. The market approach utilizes prices and other relevant information generated by market transactions, type of security, degree of liquidity, restrictions on the disposition, latest round of financing data, company financial statements, relevant valuation multiples and discounted cash flow analyses.

•

Fair value estimates for real estate investments are calculated by the investment managers using the present value of future cash flows expected to be received from the investments, based on valuation methodologies such as appraisals, local market conditions, and current and projected operating performance.

•

Fair value estimates for investments in hedge fund-of-funds are calculated by the investment managers using the net asset value per share of the investment as reported by the money managers of the underlying funds.

•

Fair value estimates for insurance contracts are calculated based on the future stream of benefit payments discounted using prevailing interest rates based on the valuation date.

Changes in our Level 3 plan assets, which are recorded in other comprehensive earnings / (losses), for the year ended December 31, 2011 included

		00,000,000		00,000,000			00,000,000			00,000,000		00,000,000			00,000,000
	January 1, 2011 Balance		Net Realized and Unrealized Gains/(Losses)			Net Purchases, Issuances and Settlements			Net Transfers Into/(Out of) Level 3		Currency Impact			December 31, 2011 Balance
Asset Category	(in millions)

Pooled funds fixed-income securities	$	–	$	–		$	–		$	8	$	(1	)	$	7

Corporate bond and other fixed-income securities		751		105			(95	)		1		(4	)		758
Real Estate		250		(15	)		19			–		1			255
Other		376		10			7			–		(2	)		391

Total Level 3 investments	$	1,377	$	100		$	(69	)	$	9	$	(6	)	$	1,411

The increases in Level 3 pension plan investments from December 31, 2010 were primarily due to net realized and unrealized gains, partially offset by net purchases, issuances and settlements.

Changes in our Level 3 assets, which are recorded in other comprehensive earnings / (losses), for the year ended December 31, 2010 included:

		00,000,000		00,000,000		00,000,000			00,000,000		00,000,000			00,000,000
	January 1, 2010 Balance		Net Realized and Unrealized Gains/(Losses)		Net Purchases, Issuances and Settlements			Net Transfers Into/(Out of) Level 3		Currency Impact			December 31, 2010 Balance
Asset Category	(in millions)

Non-U.S. equity securities	$	1	$	–	$	(1	)	$	–	$	–		$	–
Corporate bond and other fixed-income securities		2		23		(44	)		789		(19	)		751
Real Estate		–		34		(1	)		220		(3	)		250
Other		2		29		12			341		(8	)		376

Total Level 3 investments	$	5	$	86	$	(34	)	$	1,350	$	(30	)	$	1,377

:The increases in Level 3 pension plan investments during 2010 were due to our Cadbury acquisition and the types of investments we acquired in those plans.

The percentage of fair value of pension plan assets at December 31, 2011 and 2010 was:

		00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans						Non–U.S. Plans
Asset Category	2011			2010			2011			2010

Equity securities		66	%		69	%		38	%		41	%
Fixed-income securities		33	%		31	%		51	%		47	%
Real estate		1	%		–			4	%		5	%
Other		–			–			7	%		7	%

Total		100	%		100	%		100	%		100	%

Our investment strategy is based on our expectation that equity securities will outperform fixed-income securities over the long term. Due to the nature and timing of our expected pension liabilities, approximately 70% of our U.S. plan assets are in equity securities and approximately 30% are in fixed-income securities. The strategy uses indexed U.S. equity securities, actively managed and indexed international equity securities and actively managed and indexed U.S. investment grade fixed-income securities (which constitute 95% or more of fixed-income securities) with lesser allocations to high yield fixed-income securities.

For the plans outside the U.S., the investment strategy is subject to local regulations and the asset / liability profiles of the plans in each individual country. These specific circumstances result in a level of equity exposure that is typically less than the U.S. plans. In aggregate, the asset allocation targets of our non-U.S. plans are broadly characterized as a mix of 40% equity securities, 46% fixed-income securities and 14% real estate / other. The other asset balance of our non-U.S. plans at December 31, 2011 primarily related to $387 million in hedge funds and private equity investments and $119 million in cash accounts held across various investment managers.

We attempt to maintain our target asset allocation by rebalancing between asset classes as we make contributions and monthly benefit payments.

Employer Contributions:

In 2011, we contributed $538 million to our U.S. pension plans and $361 million to our non-U.S. pension plans. In addition, employees contributed $26 million to our non-U.S. plans. Of our 2011 pension contributions, approximately $495 million was voluntary. We make contributions to our U.S. and non-U.S. pension plans, primarily, to the extent that they are tax deductible and do not generate an excise tax liability. For our U.S. qualified pension plans, in 2012, we are currently only required to make a nominal cash contribution to our U.S. pension plans under the Pension Protection Act of 2006. Based on current tax law, we estimate that 2012 pension contributions would be approximately $55 million to our U.S. plans and approximately $425 million to our non-U.S. plans. Of the total 2012 pension contributions, none is expected to be voluntary. Our actual contributions may be different due to many factors, including changes in tax and other benefit laws; or significant differences between expected and actual pension asset performance or interest rates; or other factors.

Future Benefit Payments:

The estimated future benefit payments from our pension plans at December 31, 2011 were:


	U.S. Plans		Non-U.S. Plans
	(in millions)

2012	$	467	$	464
2013		454		469
2014		444		474
2015		462		489
2016		483		505
2017-2021		2,797		2,696

Multiemployer Pension Plans:

We made contributions to multiemployer pension plans of $32 million in 2011, $30 million in 2010, and $29 million in 2009. These plans provide pension benefits to retirees under certain collective bargaining agreements. The following is the only individually significant multiemployer plan we participate in as of December 31, 2011:

00,000,000

Pension Fund

EIN / Pension
Plan Number

Pension
Protection Act
Zone Status (1)

FIP / RP
Status Pending /
Implemented

Surcharge
Imposed

Expiration Date
of Collective-
Bargaining
Agreement

Bakery and Confectionery

Union and Industry

International Pension Fund

526118572

Green

2/29/2012

(1)

Represents the pension protection act zone status for the Bakery and Confectionery Union and Industry International Pension Fund as of December 31, 2010. Information on the 2011 pension protection act zone status was not available at the time of this filing.

Our contributions exceeded 5% of total contributions to the Bakery and Confectionery Union and Industry International Pension Fund ("Fund") for fiscal years 2011, 2010 and 2009. Our contributions to the Fund were $24 million in 2011, $24 million in 2010 and $23 million in 2009. We expect contributions to the Fund to be approximately $25 million for each of the next five years. On January 11, 2012, Hostess Brands, a significant contributor to the Fund, announced that it had filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. They also stated that they plan to modify their labor agreements in order to emerge from Chapter 11 with a new cost structure. It is not yet clear what impact these actions will have on the amount of their Fund withdrawal liability. As such, the effect of the bankruptcy on our future contributions or withdrawal liability is not yet known and cannot be reasonably estimated as of December 31, 2011. Our contributions to other multiemployer pension plans that were not individually significant were $8 million in 2011, $6 million in 2010 and $6 million in 2009.

Other Costs:

We sponsor and contribute to employee savings plans. These plans cover eligible salaried, non-union and union employees. Our contributions and costs are determined by the matching of employee contributions, as defined by the plans. Amounts charged to expense for defined contribution plans totaled $114 million in 2011, $104 million in 2010, and $94 million in 2009.

Postretirement Benefit Plans

Obligations:

Our postretirement health care plans are not funded. The changes in and the amount of the accrued benefit obligation at December 31, 2011 and 2010 were:

		00,000,000			00,000,000
	2011			2010
	(in millions)

Accrued benefit obligation at January 1	$	3,263		$	3,032
Service cost		36			39
Interest cost		165			172
Benefits paid		(221	)		(213	)
Plan amendments		(5	)		(7	)
Currency		(3	)		10
Assumption changes		254			147
Actuarial (gains) / losses		(36	)		42
Acquisition		–			41

Accrued benefit obligation at December 31	$	3,453		$	3,263

The current portion of our accrued postretirement benefit obligation of $215 million at December 31, 2011 and $217 million at December 31, 2010 was included in other accrued liabilities.

We used the following weighted-average assumptions to determine our postretirement benefit obligations at December 31:

		00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans						Non-U.S. Plans
	2011			2010			2011			2010
Discount rate		4.70	%		5.30	%		4.29	%		5.02	%
Health care cost trend rate assumed for next year		7.00	%		7.50	%		7.42	%		8.83	%
Ultimate trend rate		5.00	%		5.00	%		5.53	%		6.00	%
Year that the rate reaches the ultimate trend rate		2016			2016			2016			2017

Year-end discount rates for our U.S. and Canadian plans were developed from a model portfolio of high quality, fixed-income debt instruments with durations that match the expected future cash flows of the benefit obligations. Year-end discount rates for our non-U.S. plans (other than Canadian plans) were developed from local bond indices that match local benefit obligations as closely as possible. Changes in our discount rates were primarily the result of changes in bond yields year-over-year. Our expected health care cost trend rate is based on historical costs.

Assumed health care cost trend rates have a significant impact on the amounts reported for the health care plans. A one-percentage-point change in assumed health care cost trend rates would have the following effects as of December 31, 2011:


	One-Percentage-Point
	Increase			Decrease

Effect on total of service and interest cost		12.8	%		(10.5	%)
Effect on postretirement benefit obligation		10.7	%		(9.0	%)

Components of Net Postretirement Health Care Costs:

Net postretirement health care costs consisted of the following for the years ended December 31, 2011, 2010 and 2009:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Service cost	$	36		$	39		$	35
Interest cost		165			172			174
Amortization:
Net loss from experience differences		60			55			44
Prior service credit		(32	)		(32	)		(32	)

Net postretirement health care costs	$	229		$	234		$	221

As of December 31, 2011, we expected to amortize from accumulated other comprehensive earnings / (losses) into net postretirement health care costs during 2012:

•

an estimated $77 million of net loss from experience differences; and

•

an estimated $32 million of prior service credit.

We used the following weighted-average assumptions to determine our net postretirement cost for the years ended December 31:

		00,000,000			00,000,000			00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans									Non-U.S. Plans
	2011			2010			2009			2011			2010			2009

Discount rate		5.30	%		5.70	%		6.10	%		5.02	%		5.28	%		7.60	%
Health care cost trend rate		7.50	%		7.00	%		7.00	%		8.83	%		8.79	%		9.00	%

Future Benefit Payments:

Our estimated future benefit payments for our postretirement health care plans at December 31, 2011 were:

		00,000,000		00,000,000
	U.S. Plans		Non-U.S. Plans
	(in millions)

2012	$	210	$	12
2013		211		12
2014		212		12
2015		212		13
2016		210		13
2017-2021		1,035		73

Other Costs:

We made contributions to multiemployer medical plans totaling $36 million in 2011, $35 million in 2010, and $35 million in 2009. These plans provide medical benefits to active employees and retirees under certain collective bargaining agreements.

Postemployment Benefit Plans

Obligations:

Our postemployment plans are primarily not funded. The changes in and the amount of the accrued benefit obligation at December 31, 2011 and 2010 were:

		00,000,000			00,000,000
	2011			2010
	(in millions)

Accrued benefit obligation at January 1	$	140		$	116
Service cost		11			9
Interest cost		9			10
Benefits paid		(40	)		(24	)
Assumption changes		4			(8	)
Actuarial losses / (gains)		13			(12	)
Acquisition		–			49
Other		29			–

Accrued benefit obligation at December 31	$	166		$	140

In 2011, we recorded a Canadian postemployment plan, which was partially funded, with a net liability balance of approximately $29 million. The liability was recorded in other. The accrued benefit obligation was determined using a weighted-average discount rate of 5.2% in 2011 and 6.3% in 2010, an assumed ultimate annual turnover rate of 0.5% in 2011 and 2010, assumed compensation cost increases of 4.0% in 2011 and 2010, and assumed benefits as defined in the respective plans.

Postemployment costs arising from actions that offer employees benefits in excess of those specified in the respective plans are charged to expense when incurred.

Components of Net Postemployment Costs:

Net postemployment costs consisted of the following for the years ended December 31, 2011, 2010 and 2009:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Service cost	$	11		$	9		$	8
Interest cost		9			10			8
Amortization of net (gains) / losses		(2	)		(2	)		2
Other		33			–			–

Net postemployment costs	$	51		$	17		$	18

Other postemployment costs primarily relate to the establishment of the partially funded Canadian postemployment plan.

As of December 31, 2011, the estimated net gain for the postemployment benefit plans that we expected to amortize from accumulated other comprehensive earnings / (losses) into net postemployment costs during 2012 was insignificant.

The entire disclosure for pension and other postretirement benefits.

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+ Details

Financial Instruments

12 Months Ended

Dec. 31, 2011

Financial Instruments [Abstract]

Financial Instruments

Note 12. Financial Instruments

Fair Value of Derivative Instruments:

The fair values of derivative instruments recorded in the consolidated balance sheet as of December 31, 2011 and 2010 were:

		00,000,000		00,000,000		00,000,000		00,000,000
	2011				2010
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)				(in millions)

Derivatives accounted for as hedges:
Foreign exchange contracts	$	76	$	5	$	24	$	115
Commodity contracts		14		27		74		5
Interest rate contracts		2		519		58		13

	$	92	$	551	$	156	$	133

Derivatives not accounted for as hedges:
Foreign exchange contracts	$	13	$	5	$	21	$	48
Commodity contracts		392		372		202		114
Interest rate contracts		86		51		59		21

	$	491	$	428	$	282	$	183

Total fair value	$	583	$	979	$	438	$	316

We include the fair value of our asset derivatives within other current assets and the fair value of our liability derivatives within other current liabilities.

The fair values of our derivative instruments at December 31, 2011 were determined using:

		00,000,000			00,000,000			00,000,000			00,000,000
	Total Fair Value of Net Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)

Foreign exchange contracts	$	79		$	–		$	79		$	–
Commodity contracts		7			(41	)		48			–
Interest rate contracts		(482	)		–			(482	)		–

Total derivatives	$	(396	)	$	(41	)	$	(355	)	$	–

The fair values of our derivative instruments at December 31, 2010 were determined using:

		00,000,000			00,000,000		00,000,000			00,000,000
	Total Fair Value of Net Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)

Foreign exchange contracts	$	(118	)	$	–	$	(118	)	$	–
Commodity contracts		157			129		28			–
Interest rate contracts		83			–		83			–

Total derivatives	$	122		$	129	$	(7	)	$	–

Level 2 financial assets and liabilities consist of commodity forwards and options; foreign exchange forwards, currency swaps, and options; and interest rate swaps. Commodity derivatives are valued using an income approach based on the observable market commodity index prices less the contract rate multiplied by the notional amount or based on pricing models which rely on market observable inputs such as commodity prices. Foreign currency contracts are valued using an income approach based on observable market forward rates less the contract rate multiplied by the notional amount. Our calculation of the fair value of interest rate swaps is derived from a discounted cash flow analysis based on the terms of the contract and the observable market interest rate curve. Our calculation of the fair value of financial instruments takes into consideration the risk of nonperformance, including counterparty credit risk.

Derivative Volume:

The net notional values of our derivative instruments as of December 31, 2011 and 2010 were:

		00,000,000		00,000,000
	2011		2010
	(in millions)

Foreign exchange contracts:
Intercompany loans and forecasted interest payments	$	1,982	$	2,183
Forecasted transactions		1,181		1,946
Commodity contracts		1,287		630
Interest rate contracts		4,872		5,167
Net investment hedge – euro notes		3,694		3,814
Net investment hedge – pound sterling notes		1,010		1,015

Cash Flow Hedges:

Cash flow hedge activity, net of income taxes, within accumulated other comprehensive earnings / (losses) included:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Accumulated gain / (loss) at January 1	$	79		$	101		$	(23	)
Transfer of realized (gains) / losses in fair value to earnings		72			(25	)		111
Unrealized gain / (loss) in fair value		(448	)		3			13

Accumulated gain / (loss) at December 31	$	(297	)	$	79		$	101

The gains / (losses) recognized in other comprehensive income / (loss) were:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Foreign exchange contracts – intercompany loans	$	1		$	2		$	(12	)
Foreign exchange contracts – forecasted transactions		8			17			(40	)
Commodity contracts		(6	)		74			(27	)
Interest rate contracts		(451	)		(90	)		92

Total	$	(448	)	$	3		$	13

The gains / (losses) reclassified from accumulated other comprehensive earnings / (losses) into earnings were:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Foreign exchange contracts – intercompany loans	$	2		$	10		$	–
Foreign exchange contracts – forecasted transactions		(44	)		1			27
Commodity contracts		71			15			(138	)
Interest rate contracts		(101	)		(1	)		–

Total	$	(72	)	$	25		$	(111	)

The gains / (losses) on ineffectiveness recognized in earnings were:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Foreign exchange contracts – intercompany loans	$	–		$	–		$	–
Foreign exchange contracts – forecasted transactions		–			–			–
Commodity contracts		(2	)		(6	)		12
Interest rate contracts		(2	)		–			–

Total	$	(4	)	$	(6	)	$	12

The gains / (losses) on the amount excluded from effectiveness testing recognized in earnings were:

		00,000,000			00,000,000		00,000,000
	2011			2010		2009
	(in millions)

Foreign exchange contracts – intercompany loans	$	–		$	–	$	–
Foreign exchange contracts – forecasted transactions		–			–		–
Commodity contracts		(13	)		3		1
Interest rate contracts		(156	)		–		–

Total	$	(169	)	$	3	$	1

In 2011, we recognized a loss of $157 million related to several interest rate swaps that settled in November 2011. We recognized the loss in earnings as the timing of the related forecasted debt changed.

We record (i) the gain or loss reclassified from accumulated other comprehensive earnings / (losses) into earnings, (ii) the gain or loss on ineffectiveness, and (iii) the gain or loss on the amount excluded from effectiveness testing in:

•

cost of sales for commodity contracts;

•

cost of sales or selling, general and administrative expenses for foreign exchange contracts related to forecasted transactions, depending on the type of transaction; and

•

interest and other expense, net for interest rate contracts and foreign exchange contracts related to intercompany loans.

We expect to transfer unrealized losses of $19 million (net of taxes) for commodity cash flow hedges and unrealized gains of $68 million (net of taxes) for foreign currency cash flow hedges and unrealized losses of $10 million (net of taxes) for interest rate cash flow hedges to earnings during the next 12 months.

As of December 31, 2011, we had hedged forecasted transactions for the following durations:

•

commodity transactions for periods not exceeding the next 17 months;

•

interest rate transactions for periods not exceeding the next 31 years and 4 months; and

•

foreign currency transactions for periods not exceeding the next 12 months.

Fair Value Hedges:

The following gains / (losses) due to changes in fair value of our interest rate swaps and related hedged long-term debt were recorded in interest and other expense, net:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Gain / (loss) recognized in income on:
Derivatives	$	(6	)	$	1		$	7
Borrowings		6			(1	)		(7	)

Economic Hedges:

Gains / (losses) recorded in earnings for economic hedges which are not designated as hedging instruments included:

		00,000,000			00,000,000			00,000,000		00,000,000
	Gain / (Loss) Recognized in Earnings									Location of Gain / (Loss) Recognized in Earnings
	2011			2010			2009
	(in millions)

Foreign exchange contracts:
Intercompany loans and forecasted interest payments	$	34		$	28		$	(10	)	Interest expense
Forecasted transactions		4			(11	)		(10	)	Cost of sales
Forecasted transactions		3			(17	)		–		Interest expense
Cadbury acquisition related		–			(395	)		–		Interest expense
Interest rate contracts		(3	)		4			–		Interest expense
Commodity contracts		166			126			37		Cost of sales

Total	$	204		$	(265	)	$	17

The 2010 Cadbury acquisition related hedging losses were economically offset by $240 million of foreign exchange net gains on cash denominated in pound sterling, the Cadbury Bridge Facility and payable balances associated with the acquisition.

Hedges of Net Investments in Foreign Operations:

Gains / (losses) related to hedges of net investments in foreign operations included:

		00,000,000		00,000,000		00,000,000		00,000,000
	Gain / (Loss) Recognized in OCI							Location of Gain / (Loss) Recognized in AOCI
	2011		2010		2009
	(in millions)

Euro notes	$	77	$	170	$	(65	)	Currency Translation
Pound sterling notes		3		7		–		Adjustment

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

Commitments And Contingencies [Abstract]

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+ Details

Commitments And Contingencies

12 Months Ended

Dec. 31, 2011

Commitments And Contingencies

Note 13. Commitments and Contingencies

Legal Proceedings:

We routinely are involved in legal proceedings, claims and governmental inspections or investigations ("Legal Matters") arising in the ordinary course of our business.

Competition authorities in certain Member States of the European Union have ongoing investigations into possible anticompetitive activity in the fast moving consumer goods ("FMCG") sector, which includes products such as chocolate and coffee. On October 18, 2011, the German Federal Cartel Office ("FCO") issued a press release stating that it had discontinued proceedings against our wholly owned subsidiary, Kraft Foods Deutschland GmbH ("KFD"), based on a settlement agreed between KFD and the FCO following the FCO's finding of illegal price agreements regarding instant cappuccino. The FCO also imposed a fine against a former KFD employee. Due to KFD's cooperation with the FCO in the matter, the fine to resolve the matter was reduced to EUR 2.2 million (approximately $3 million as of October 18, 2011).

A compliant and ethical corporate culture, which includes adhering to laws and industry regulations in all jurisdictions in which we do business, is integral to our success. Accordingly, after we acquired Cadbury in February 2010 we began reviewing and adjusting, as needed, Cadbury's operations in light of U.S. and international standards as well as Kraft Foods' policies and practices. We initially focused on such high priority areas as food safety, the Foreign Corrupt Practices Act ("FCPA") and antitrust. Based upon Cadbury's pre-acquisition policies and compliance programs and our post-acquisition reviews, our preliminary findings indicated that Cadbury's overall state of compliance was sound. Nonetheless, through our reviews, we determined that in certain jurisdictions, including India, there appeared to be facts and circumstances warranting further investigation. We are continuing our investigations in certain jurisdictions, including in India, and we continue to cooperate with governmental authorities.

On March 1, 2011, the Starbucks Coffee Company ("Starbucks"), without our authorization and in what we contend is a violation and breach of our agreements with Starbucks, took control of the Starbucks packaged coffee business ("Starbucks CPG business") in grocery stores and other channels, after alleging we had breached the Supply and License Agreement. The dispute is pending Arbitration in Chicago, Illinois. We are seeking appropriate remedies, including but not limited to payment of the fair market value of the Supply and License Agreement plus the premium this agreement specifies. Starbucks has counterclaimed for unspecified damages. The arbitration proceeding is set to begin on July 11, 2012 and is expected to conclude on July 31, 2012. The results of the Starbucks CPG business were included primarily in our U.S. Beverage and Canada and N.A. Foodservice segments through March 1, 2011.

As we previously disclosed, on February 1, 2011, we received a subpoena from the SEC in connection with an investigation under the FCPA, primarily related to a Cadbury facility in India that we acquired in the Cadbury acquisition. The subpoena primarily requests information regarding dealings with Indian governmental agencies and officials to obtain approvals related to the operation of that facility. We are cooperating with the U.S. government in its investigation of these matters.

While we cannot predict with certainty the results of these or any other Legal Matters in which we are currently involved, we do not expect that the ultimate costs to resolve any of these Legal Matters will have a material effect on our financial results.

Third-Party Guarantees:

We have third-party guarantees primarily covering the long-term obligations of our vendors. As part of those transactions, we guarantee that third parties will make contractual payments or achieve performance measures. At December 31, 2011, the carrying amount of our third-party guarantees on our consolidated balance sheet and the maximum potential payment under these guarantees was $22 million. Substantially all of these guarantees expire at various times through 2018.

Leases:

Rental expenses were $452 million in 2011, $514 million in 2010, and $505 million in 2009. As of December 31, 2011, minimum rental commitments under non-cancelable operating leases in effect at year-end were (in millions):



2012	$	353
2013		287
2014		207
2015		155
2016		129
Thereafter		187

Total	$	1,318

The entire disclosure for commitments and contingencies.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Income Taxes

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Income Taxes

Note 14. Income Taxes

Earnings from continuing operations before income taxes and the provision for income taxes consisted of the following for the years ended December 31, 2011, 2010, and 2009:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Earnings from continuing operations before income taxes:
United States	$	1,146		$	1,071		$	2,047
Outside United States		3,626			2,571			1,899

Total	$	4,772		$	3,642		$	3,946


Provision for income taxes:
United States federal:
Current	$	371		$	91		$	335
Deferred		63			322			108

		434			413			443
State and local:
Current		95			47			82
Deferred		55			61			(39	)

		150			108			43

Total United States		584			521			486

Outside United States:
Current		1,113			763			681
Deferred		(472	)		(137	)		(31	)

Total outside United States		641			626			650

Total provision for income taxes	$	1,225		$	1,147		$	1,136

We also recognized tax expense of $1.2 billion related to the 2010 earnings and gain from discontinued operations from the sale of the Frozen Pizza business.

As of January 1, 2011, our unrecognized tax benefits were $1,281 million. If we had recognized all of these benefits, the net impact on our income tax provision would have been $1,062 million. Our unrecognized tax benefits were $1,538 million at December 31, 2011, and if we had recognized all of these benefits, the net impact on our income tax provision would have been $1,317 million. The amount of unrecognized tax benefits could decrease by approximately $160-200 million during the next 12 months due to audit settlements and the expiration of statutes of limitations in various jurisdictions. We include accrued interest and penalties related to uncertain tax positions in our tax provision. We accrued interest and penalties of $246 million as of January 1, 2011 and $286 million as of December 31, 2011. Our 2011 provision for income taxes included $53 million for interest and penalties and we paid interest and penalties of $5 million during 2011.

The changes in our unrecognized tax benefits for the years ended December 31, 2011, 2010 and 2009 were:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

January 1	$	1,281		$	829		$	807
Increases from positions taken during prior periods		222			49			90
Decreases from positions taken during prior periods		(147	)		(146	)		(205	)
Increases from positions taken during the current period		253			229			146
Increases from acquisition adjustments		–			357			–
Decreases relating to settlements with taxing authorities		(17	)		(19	)		(26	)
Reductions resulting from the lapse of the applicable statute of limitations		(14	)		(10	)		(14	)
Currency / other		(40	)		(8	)		31

December 31	$	1,538		$	1,281		$	829

We are regularly examined by federal and various state and foreign tax authorities. The U.S. federal statute of limitations remains open for the year 2004 and onward. The IRS is currently examining our 2004 - 2006 tax returns and we expect this examination to close during 2012. Our income tax filings are also currently under examination by tax authorities in various U.S. state and foreign jurisdictions. U.S. state and foreign jurisdictions have statutes of limitations generally ranging from three to five years, however, these statutes are often extended by mutual agreement with the tax authorities. Years still open to examination by foreign tax authorities in major jurisdictions include (earliest open tax year in parentheses): Germany (1999), Brazil (2005), Canada (2003), France (2006), United Kingdom (2006), Australia (2008), Russia (2004) and India (2003).

At December 31, 2011, applicable U.S. federal income taxes and foreign withholding taxes had not been provided on approximately $10.2 billion of accumulated earnings of foreign subsidiaries that are expected to be permanently reinvested. It is impractical for us to determine the amount of unrecognized deferred tax liabilities on these permanently reinvested earnings.

The effective income tax rate on pre-tax earnings differed from the U.S. federal statutory rate for the following reasons for the years ended December 31, 2011, 2010 and 2009:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009

U.S. federal statutory rate		35.0	%		35.0	%		35.0	%
Increase / (decrease) resulting from:
State and local income taxes, net of federal tax benefit excluding IRS audit impacts		2.2	%		1.9	%		1.9	%
Federal and state tax impacts related to IRS audit settlements		0.7	%		(2.3	%)		(3.1	%)
Reversal of other tax accruals no longer required		(1.3	%)		(0.5	%)		(0.4	%)
U.S. Health Care Legislation		–			3.8	%		–
Foreign rate differences		(9.5	%)		(6.0	%)		(2.2	%)
Other		(1.4	%)		(0.4	%)		(2.4	%)

Effective tax rate		25.7	%		31.5	%		28.8	%

Our 2011 effective tax rate was favorably impacted by net tax benefits of $199 million from discrete one-time events, primarily from the revaluation of U.K. deferred tax assets and liabilities resulting from tax legislation enacted in 2011 that reduced U.K. corporate income tax rates, the reversal of valuation allowances on certain foreign deferred tax assets that are now expected to be realized, and the net favorable impact from various U.S. federal, U.S. state and foreign tax audit developments during the year. The 2011 effective tax rate also reflects increased tax benefits from operations outside the United States, which are generally taxed at lower rates than the U.S statutory rate of 35 percent. The mix of pretax income from these various foreign jurisdictions can have a significant impact on our effective tax rate. The fourth quarter and full year tax rate benefited from lower than projected taxes on our earnings outside the U.S., and the fourth quarter was also favorable due to a true-up of prior quarter estimates to a lower actual tax expense reported by these operations.

Our 2010 effective tax rate included net tax benefits of $123 million, primarily due to the favorable resolution of a federal tax audit and the resolution of several items in our international operations, partially offset by a $137 million write-off of deferred tax assets as a result of the U.S. health care legislation enacted in March 2010.

Our 2009 effective tax rate included net tax benefits of $225 million, primarily due to an agreement we reached with the IRS on specific matters related to years 2000 through 2003, settlements with various foreign and state tax authorities, the expiration of the statutes of limitations in various jurisdictions and the divestiture of our Balance bar operations in the U.S.

The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following at December 31, 2011 and 2010:

		00,000,000			00,000,000
	2011			2010
	(in millions)

Deferred income tax assets:
Accrued postretirement and postemployment benefits	$	1,276		$	1,103
Accrued pension costs		1,007			458
Other		3,124			2,064

Total deferred income tax assets		5,407			3,625

Valuation allowance		(467	)		(400	)

Net deferred income tax assets	$	4,940		$	3,225


Deferred income tax liabilities:
Trade names	$	(7,565	)	$	(7,606	)
Property, plant and equipment		(2,084	)		(1,845	)
Other		(1,025	)		(611	)

Total deferred income tax liabilities		(10,674	)		(10,062	)

Net deferred income tax liabilities	$	(5,734	)	$	(6,837	)

Our significant allowances reside within our operating subsidiaries in Mexico, Ireland, China, U.S. and Japan.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

Earnings Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 15. Earnings Per Share

Basic and diluted EPS from continuing and discontinued operations were calculated using the following:


	For the Years Ended December 31,
	2011		2010		2009
	(in millions, except per share data)
Earnings from continuing operations	$	3,547	$	2,495	$	2,810
Earnings and gain from discontinued operations, net of income taxes		—		1,644		218

Net earnings		3,547		4,139		3,028
Noncontrolling interest		20		25		7

Net earnings attributable to Kraft Foods	$	3,527	$	4,114	$	3,021

Weighted-average shares for basic EPS		1,765		1,715		1,478
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		7		5		8

Weighted-average shares for diluted EPS		1,772		1,720		1,486

Basic earnings per share attributable to Kraft Foods:
Continuing operations	$	2.00	$	1.44	$	1.90
Discontinued operations		—		0.96		0.14

Net earnings attributable to Kraft Foods	$	2.00	$	2.40	$	2.04

Diluted earnings per share attributable to Kraft Foods:
Continuing operations	$	1.99	$	1.44	$	1.89
Discontinued operations		—		0.95		0.14

Net earnings attributable to Kraft Foods	$	1.99	$	2.39	$	2.03

We exclude antidilutive Kraft Foods stock options from our calculation of weighted-average shares for diluted EPS. We excluded 9.2 million antidilutive options for the year ended December 31, 2011, 28.5 million antidilutive options for the year ended December 31, 2010 and 23.0 million antidilutive options for the year ended December 31, 2009.

The entire disclosure for earnings per share.

+ References+ Details

Segment Reporting

12 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Segment Reporting

Note 16. Segment Reporting

We manufacture and market packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. We manage and report operating results through three geographic units: Kraft Foods North America, Kraft Foods Europe and Kraft Foods Developing Markets. We manage the operations of Kraft Foods North America and Kraft Foods Europe by product category, and we manage the operations of Kraft Foods Developing Markets by location. Our reportable segments are U.S. Beverages, U.S. Cheese, U.S. Convenient Meals, U.S. Grocery, U.S. Snacks, Canada & N.A. Foodservice, Kraft Foods Europe and Kraft Foods Developing Markets. The results of operations from our Cadbury acquisition (including Integration Program and acquisition-related costs), are reflected within our U.S. Snacks, Canada & N.A. Foodservice, Kraft Foods Europe and Kraft Foods Developing Markets segments.

Management uses segment operating income to evaluate segment performance and allocate resources. We believe it is appropriate to disclose this measure to help investors analyze segment performance and trends. Segment operating income excludes unrealized gains and losses on hedging activities (which are a component of cost of sales), certain components of our U.S. pension plan cost (which is a component of cost of sales and selling, general and administrative expenses), general corporate expenses (which are a component of selling, general and administrative expenses) and amortization of intangibles for all periods presented. We exclude the unrealized gains and losses on hedging activities from segment operating income in order to provide better transparency of our segment operating results. Once realized, the gains and losses on hedging activities are recorded within segment operating results. We exclude certain components of our U.S. pension plan cost from segment operating income because we centrally manage pension plan funding decisions and the determination of discount rate, expected rate of return on plan assets and other actuarial assumptions. Therefore, we allocate only the service cost component of our U.S. pension plan expense to segment operating income. Furthermore, we centrally manage interest and other expense, net. Accordingly, we do not present these items by segment because they are excluded from the segment profitability measure that management reviews. We use the same accounting policies for the segments as those described in Note 1, Summary of Significant Accounting Policies.

Our segment results were:


	For the Years Ended December 31,
	2011		2010		2009
	(in millions)

Net revenues:
Kraft Foods North America:
U.S. Beverages	$	3,006	$	3,212	$	3,057
U.S. Cheese		3,810		3,528		3,605
U.S. Convenient Meals		3,328		3,131		3,029
U.S. Grocery		3,563		3,398		3,453
U.S. Snacks		6,329		6,001		4,964
Canada & N.A. Foodservice		5,152		4,696		3,922
Kraft Foods Europe		13,356		11,628		8,768
Kraft Foods Developing Markets		15,821		13,613		7,956

Net revenues	$	54,365	$	49,207	$	38,754


	For the Years Ended December 31,
	2011			2010			2009
	(in millions)

Earnings from continuing operations before income taxes:
Operating income:
Kraft Foods North America:
U.S. Beverages	$	450		$	564		$	511
U.S. Cheese		629			598			667
U.S. Convenient Meals		319			268			234
U.S. Grocery		1,240			1,164			1,146
U.S. Snacks		847			845			723
Canada & N.A. Foodservice		682			582			462
Kraft Foods Europe		1,406			1,115			785
Kraft Foods Developing Markets		2,053			1,577			936
Unrealized gains / (losses) on hedging activities		(100	)		67			203
Certain U.S. pension plan costs		(206	)		(179	)		(165	)
General corporate expenses		(438	)		(724	)		(293	)
Amortization of intangibles		(225	)		(211	)		(26	)

Operating income		6,657			5,666			5,183
Interest and other expense, net		(1,885	)		(2,024	)		(1,237	)

Earnings from continuing operations before income taxes	$	4,772		$	3,642		$	3,946

Our largest customer, Wal-Mart Stores, Inc. and its affiliates, accounted for approximately 12% of consolidated net revenues in 2011, 13% in 2010 and 16% in 2009. These net revenues occurred primarily in the Kraft Foods North America segments.

On March 1, 2011, Starbucks, without our authorization and in what we contend is a violation and breach of our agreements with Starbucks, took control of the Starbucks CPG business in grocery stores and other channels, after alleging we had breached the Supply and License Agreement. The dispute is pending Arbitration in Chicago, Illinois. We are seeking appropriate remedies, including but not limited to payment of the fair market value of the Supply and License Agreement plus the premium this agreement specifies. Starbucks has counterclaimed for unspecified damages. The arbitration proceeding is set to begin on July 11, 2012 and is expected to conclude on July 31, 2012. The results of the Starbucks CPG business were included primarily in our U.S. Beverage and Canada and N.A. Foodservice segments through March 1, 2011.

In 2011, we recorded a $64 million charge in Kraft Foods Europe related to severance benefits provided to terminated employees and charges in connection with Kraft Foods Europe reorganization. We also reversed $37 million of cost savings initiative program costs across all segments except Kraft Foods Europe. In 2010, we recorded $170 million primarily within the segment operating income of Kraft Foods Europe and Canada & N.A. Foodservice and in connection with the Kraft Foods Europe reorganization. In 2009, we recorded $318 million primarily for severance benefits provided to terminated employees, associated benefit plan costs and other related activities. These were recorded in operations, primarily within the segment operating income of Kraft Foods Europe, with the remainder spread across all other segments.

In 2011, the unfavorable $100 million net change in unrealized gains / (losses) on hedging activities primarily resulted from higher commodity hedge losses, partially offset by gains on currency forward contracts. In 2010, the favorable $67 million net change in unrealized gains / (losses) on hedging activities primarily resulted from gains associated with commodity hedge contracts. In 2009, the favorable $203 million net change in unrealized gains / (losses) on hedging activities primarily resulted from 2008 unrealized losses on energy derivatives becoming realized in 2009 and therefore, included in segment operating income.

The 2011 decrease in general corporate expenses was due primarily to Cadbury acquisition-related transaction fees in the prior year and lower Integration Program costs. The 2010 increase in general corporate expenses was primarily due to acquisition-related transaction fees, Integration Program costs and the impact of Cadbury's corporate charges. We incurred acquisition-related transaction fees of $218 million in 2010 and $40 million in 2009. We recorded these charges in operations as part of general corporate expenses. In 2009, general corporate expenses included $50 million of charges for legal matters related to certain of our European operations.

Gains / (losses) on divestitures, net, impacted segment operating income as follows:

For the Years Ended December 31,

2011

2010

2009

(in millions)

Kraft Foods North America:

U.S. Beverages

–

U.S. Cheese

–

)

–

U.S. Convenient Meals

–

U.S. Grocery

–

U.S. Snacks

–

Canada & N.A. Foodservice

–

Kraft Foods Europe

–

(17

)

Kraft Foods Developing Markets

–

Gains / (losses) on divestitures, net

–

)

Total assets, depreciation expense and capital expenditures by segment were:


	As of December 31,
	2011		2010		2009
	(in millions)

Total assets:
Kraft Foods North America:
U.S. Beverages	$	2,837	$	2,513	$	2,382
U.S. Cheese		4,156		4,633		4,589
U.S. Convenient Meals		2,151		2,064		3,063
U.S. Grocery		5,142		5,574		5,565
U.S. Snacks		20,587		20,895		16,418
Canada & N.A. Foodservice		6,989		7,207		5,051
Kraft Foods Europe		24,525		24,261		16,073
Kraft Foods Developing Markets		24,559		25,738		11,087
Unallocated assets ⁽¹⁾		2,891		2,404		2,486

Total assets	$	93,837	$	95,289	$	66,714

(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,
	2011		2010		2009
	(in millions)

Depreciation expense:
Kraft Foods North America:
U.S. Beverages	$	66	$	73	$	69
U.S. Cheese		80		67		66
U.S. Convenient Meals		83		61		67
U.S. Grocery		86		88		82
U.S. Snacks		126		139		127
Canada & N.A. Foodservice		128		110		83
Kraft Foods Europe		354		355		237
Kraft Foods Developing Markets		337		320		157

Total – continuing operations		1,260		1,213		888
Discontinued operations		–		16		17

Total depreciation expense	$	1,260	$	1,229	$	905


	For the Years Ended December 31,
	2011		2010		2009
	(in millions)

Capital expenditures:
Kraft Foods North America:
U.S. Beverages	$	121	$	88	$	82
U.S. Cheese		72		88		72
U.S. Convenient Meals		88		109		135
U.S. Grocery		74		76		85
U.S. Snacks		235		245		190
Canada & N.A. Foodservice		90		112		94
Kraft Foods Europe		378		334		292
Kraft Foods Developing Markets		713		607		319

Total – continuing operations		1,771		1,659		1,269
Discontinued operations		–		2		61

Total capital expenditures	$	1,771	$	1,661	$	1,330

Net revenues by consumer sector, which reflects Kraft macaroni and cheese dinners in the Convenient Meals sector and separates Canada & N.A. Foodservice, Kraft Foods Europe and Kraft Foods Developing Markets into sector components, were:


	For the Year Ended December 31, 2011
	Kraft Foods North America		Kraft Foods Europe		Kraft Foods Developing Markets		Total
	(in millions)

Biscuits	$	6,046	$	2,598	$	3,366	$	12,010
Confectionery		1,916		5,785		7,774		15,475
Beverages		3,598		3,158		2,917		9,673
Cheese		5,535		1,182		995		7,712
Grocery		3,188		363		642		4,193
Convenient Meals		4,905		270		127		5,302

Total net revenues	$	25,188	$	13,356	$	15,821	$	54,365


	For the Year Ended December 31, 2010 ⁽¹⁾
	Kraft Foods North America		Kraft Foods Europe		Kraft Foods Developing Markets		Total
	(in millions)

Biscuits	$	5,646	$	2,323	$	2,806	$	10,775
Confectionery		1,807		5,234		6,666		13,707
Beverages		3,741		2,511		2,536		8,788
Cheese		5,089		982		904		6,975
Grocery		3,088		334		579		4,001
Convenient Meals		4,595		244		122		4,961

Total net revenues	$	23,966	$	11,628	$	13,613	$	49,207


	For the Year Ended December 31, 2009
	Kraft Foods North America		Kraft Foods Europe		Kraft Foods Developing Markets		Total
	(in millions)

Biscuits	$	5,628	$	2,330	$	2,446	$	10,404
Confectionery		301		2,446		1,891		4,638
Beverages		3,545		2,390		2,094		8,029
Cheese		4,980		972		844		6,796
Grocery		3,136		369		566		4,071
Convenient Meals		4,440		261		115		4,816

Total net revenues	$	22,030	$	8,768	$	7,956	$	38,754

(1)

Within the above sector revenues disclosures, we reclassified certain net revenues to conform to the current year presentation.

Geographic data for net revenues, long-lived assets and total assets were:


	For the Years Ended December 31,
	2011		2010		2009
	(in millions)

Net revenues:
United States	$	21,938	$	20,934	$	19,713
Europe		17,237		15,733		11,471
Other		15,190		12,540		7,570

Total net revenues	$	54,365	$	49,207	$	38,754


	As of December 31,
	2011		2010		2009
	(in millions)

Long-lived assets:
United States	$	35,093	$	35,200	$	31,773
Europe		25,401		25,333		16,077
Other		17,141		18,535		6,410

Total long-lived assets	$	77,635	$	79,068	$	54,260


Total assets:
United States	$	39,398	$	40,085	$	35,816
Europe		32,177		31,811		21,915
Other		22,262		23,393		8,983

Total assets	$	93,837	$	95,289	$	66,714

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Quarterly Financial Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data [Abstract]

Quarterly Financial Data

Note 17. Quarterly Financial Data (Unaudited)

		00,000,000		00,000,000		00,000,000		00,000,000
	2011 Quarters
	First		Second		Third		Fourth
	(in millions, except per share data)

Net revenues	$	12,573	$	13,878	$	13,226	$	14,688
Gross profit	$	4,636	$	4,871	$	4,615	$	4,893
Earnings from continuing operations	$	802	$	976	$	927	$	842


Net earnings		802		976		927		842
Noncontrolling interest		3		–		5		12

Net earnings attributable to Kraft Foods	$	799	$	976	$	922	$	830


Weighted-average shares for diluted EPS		1,760		1,771		1,777		1,779

Per share data:
Basic EPS attributable to Kraft Foods:
Continuing operations	$	0.46	$	0.55	$	0.52	$	0.47
Discontinued operations		–		–		–		–

Net earnings attributable to Kraft Foods	$	0.46	$	0.55	$	0.52	$	0.47


Diluted EPS attributable to Kraft Foods:
Continuing operations	$	0.45	$	0.55	$	0.52	$	0.47
Discontinued operations		–		–		–		–

Net earnings attributable to Kraft Foods	$	0.45	$	0.55	$	0.52	$	0.47


Dividends declared	$	0.29	$	0.29	$	0.29	$	0.29

Market price–high	$	32.20	$	35.47	$	36.30	$	37.93
–low	$	30.21	$	31.35	$	32.63	$	31.88

The fourth quarter of 2011 benefited from lower than projected taxes on our earnings outside the U.S. and an $85 million true-up of prior quarter estimates to a lower actual tax expense reported by these operations.

		00,000,000		00,000,000		00,000,000		00,000,000
	2010 Quarters
	First		Second		Third		Fourth
	(in millions, except per share data)

Net revenues	$	11,318	$	12,253	$	11,863	$	13,773
Gross profit	$	4,089	$	4,694	$	4,321	$	4,798
Earnings from continuing operations	$	249	$	939	$	760	$	547

Earnings and gain from discontinued operations, net of income taxes		1,644		–		–		–

Net earnings		1,893		939		760		547
Noncontrolling interest		10		2		6		7

Net earnings attributable to Kraft Foods	$	1,883	$	937	$	754	$	540

Weighted-average shares for diluted EPS		1,620		1,752		1,754		1,757

Per share data:
Basic EPS attributable to Kraft Foods:
Continuing operations	$	0.15	$	0.54	$	0.43	$	0.31
Discontinued operations		1.02		–		–		–

Net earnings attributable to Kraft Foods	$	1.17	$	0.54	$	0.43	$	0.31


Diluted EPS attributable to Kraft Foods:
Continuing operations	$	0.15	$	0.53	$	0.43	$	0.31
Discontinued operations		1.01		–		–		–

Net earnings attributable to Kraft Foods	$	1.16	$	0.53	$	0.43	$	0.31

Dividends declared	$	0.29	$	0.29	$	0.29	$	0.29

Market price – high	$	30.98	$	31.09	$	31.98	$	32.67
– low	$	27.09	$	27.49	$	27.59	$	29.80

Basic and diluted EPS are computed independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not equal the total for the year.

During 2011, we recorded the following pre-tax charges / (gains) in earnings from continuing operations:

		00,000,000		00,000,000		00,000,000			00,000,000
	2011 Quarters
	First		Second		Third			Fourth
	(in millions)

Asset impairment and exit costs	$	–	$	–	$	(7	)	$	–
(Gains) / losses on divestitures, net		–		–		–			–

	$	–	$	–	$	(7	)	$	–

During 2010, we recorded the following pre-tax charges / (gains) in earnings from continuing operations:

		00,000,000		00,000,000		00,000,000			00,000,000
	2010 Quarters
	First		Second		Third			Fourth
	(in millions)

Asset impairment and exit costs	$	–	$	–	$	(9	)	$	27
(Gains) / losses on divestitures, net		–		–		–			6

	$	–	$	–	$	(9	)	$	33

Valuation And Qualifying Accounts [Abstract]

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Valuation And Qualifying Accounts

12 Months Ended

Dec. 31, 2011

Valuation And Qualifying Accounts

Kraft Foods Inc. and Subsidiaries

Valuation and Qualifying Accounts

For the Years Ended December 31, 2011, 2010 and 2009

(in millions)

		00,000,000		00,000,000		00,000,000			00,000,000		00,000,000
Col. A	Col. B		Col. C					Col. D		Col. E
			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts			Deductions		Balance at End of Period
					(a)			(b)

2011:
Allowance for discounts	$	11	$	19	$	1		$	26	$	5
Allowance for doubtful accounts		277		14		(1	)		93		197
Allowance for deferred taxes		400		205		(17	)		121		467

	$	688	$	238	$	(17	)	$	240	$	669

2010:
Allowance for discounts	$	8	$	49	$	1		$	47	$	11
Allowance for doubtful accounts		138		89		82			32		277
Allowance for deferred taxes		97		30		305			32		400

	$	243	$	168	$	388		$	111	$	688

2009:
Allowance for discounts	$	28	$	35	$	4		$	59	$	8
Allowance for doubtful accounts		128		32		13			35		138
Allowance for deferred taxes		84		19		13			19		97

	$	240	$	86	$	30		$	113	$	243

Notes:

(a)	Primarily related to divestitures, acquisitions and currency translation.

(b)	Represents charges for which allowances were created.

Summary Of Significant Accounting Policies (Policy)	12 Months Ended
Summary Of Significant Accounting Policies (Policy)	Dec. 31, 2011
Summary Of Significant Accounting Policies [Abstract]
Description Of Business	Description of Business: Kraft Foods Inc. was incorporated in 2000 in the Commonwealth of Virginia. Kraft Foods Inc., through its subsidiaries (collectively "Kraft Foods," "we," "us" and "our"), sells packaged food and beverage products to consumers in approximately 170 countries.
Principles Of Consolidation	Principles of Consolidation: The consolidated financial statements include Kraft Foods, as well as our wholly owned and majority owned subsidiaries. The majority of our operating subsidiaries report results as of the last Saturday of the year. A portion of our international operating subsidiaries report results as of the last calendar day or the last Saturday of the year. Because a significant number of our operating subsidiaries report results on the last Saturday of the year and this year, that day fell on December 31, our results included an extra week ("53^rd week") of operating results than in the prior two years which had 52-weeks. In 2011, we changed the consolidation date for certain operations of our Kraft Foods Europe segment and in the Latin America and Central and Eastern Europe, Middle East and Africa ("CEEMA") regions within our Kraft Foods Developing Markets segment. Previously, these operations primarily reported results two weeks prior to the end of the period. Now, our Kraft Foods Europe segment reports results as of the last Saturday of each period. Our operations in Latin America and certain operations in CEEMA now report results as of the last calendar day of the period or the last Saturday of the period. These changes and the 53^rd week in 2011 resulted in a favorable impact to net revenues of approximately $920 million and a favorable impact of approximately $150 million to operating income in 2011. In 2010, we changed the consolidation date for certain European biscuits operations, which are included within our Kraft Foods Europe segment, and certain operations in Asia Pacific and Latin America within our Kraft Foods Developing Markets segment. Previously, these operations primarily reported period-end results one month or two weeks prior to the end of the period. Kraft Foods Europe moved the reporting of these operations to two weeks prior to the end of the period, and Asia Pacific and Latin America moved the reporting of these operations to the last day of the period. These changes resulted in a favorable impact to net revenues of approximately $200 million and had an insignificant impact on operating income in 2010. We believe these changes are preferable and will improve business planning and financial reporting by better matching the close dates of the operating subsidiaries within our Kraft Foods Europe segment and Kraft Foods Developing Markets segment and by bringing the reporting date closer to the period-end date. As the effect to prior-period results was not material, we have not revised prior-period results. We account for investments in which we exercise significant influence (20%-50% ownership interest) under the equity method of accounting. We use the cost method of accounting for investments in which we have an ownership interest of less than 20% and in which we do not exercise significant influence. Noncontrolling interest in subsidiaries consists of the equity interest of noncontrolling investors in consolidated subsidiaries of Kraft Foods. All intercompany transactions are eliminated.
Use Of Estimates	Use of Estimates: We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), which require us to make estimates and assumptions that affect a number of amounts in our consolidated financial statements. Significant accounting policy elections, estimates and assumptions include, among others, pension and benefit plan assumptions, valuation assumptions of goodwill and intangible assets, useful lives of long-lived assets, marketing program accruals, insurance and self-insurance reserves and income taxes. We base our estimates on historical experience and other assumptions that we believe are reasonable. If actual amounts differ from estimates, we include the revisions in our consolidated results of operations in the period the actual amounts become known. Historically, the aggregate differences, if any, between our estimates and actual amounts in any year have not had a material effect on our consolidated financial statements.
Foreign Currencies	Foreign Currencies: We translate the results of operations of our foreign subsidiaries using average exchange rates during each period, whereas balance sheet accounts are translated using exchange rates at the end of each period. We record currency translation adjustments as a component of equity. Transaction gains and losses are recorded in earnings and were not significant for any of the periods presented.
Highly Inflationary Accounting	Highly Inflationary Accounting: In the fourth quarter of 2009, the Venezuelan economy was classified as highly inflationary under U.S. GAAP. Effective January 1, 2010, we began accounting for our Venezuelan subsidiaries under highly inflationary accounting rules, which principally means all transactions are recorded in U.S. dollars. We use both the official Venezuelan bolivar exchange rate and the government-regulated Transaction System for Foreign Currency Denominated Securities ("SITME") rate to translate our Venezuelan operations into U.S. dollars, based on the nature of the operations of each individual subsidiary. We recorded approximately $10 million of favorable foreign currency impacts relating to highly inflationary accounting in Venezuela during 2011 and approximately $115 million of unfavorable foreign currency impacts during 2010. The 2010 loss included a one-time impact of $34 million to translate cash we previously recorded at the secondary market exchange rate.
Cash And Cash Equivalents	Cash and Cash Equivalents: Cash equivalents include demand deposits with banks and all highly liquid investments with original maturities of three months or less.
Inventories	Inventories: Inventories are stated at the lower of cost or market. We value all our inventories using the average cost method. We also record inventory allowances for overstocked and obsolete inventories due to ingredient and packaging changes.
Long-Lived Assets	Long-Lived Assets: Property, plant and equipment are stated at historical cost and depreciated by the straight-line method over the estimated useful lives of the assets. Machinery and equipment are depreciated over periods ranging from 3 to 20 years and buildings and building improvements over periods up to 40 years. We review long-lived assets, including amortizable intangible assets, for impairment when conditions exist that indicate the carrying amount of the assets may not be fully recoverable. We perform undiscounted operating cash flow analyses to determine if an impairment exists. When testing for impairment of assets held for use, we group assets and liabilities at the lowest level for which cash flows are separately identifiable. If an impairment is determined to exist, the loss is calculated based on estimated fair value. Impairment losses on assets to be disposed of, if any, are based on the estimated proceeds to be received, less costs of disposal.
Software Costs	Software Costs: We capitalize certain computer software and software development costs incurred in connection with developing or obtaining computer software for internal use. Capitalized software costs are included in property, plant and equipment and amortized on a straight-line basis over the estimated useful lives of the software, which do not exceed seven years.
Goodwill And Intangible Assets	Goodwill and Intangible Assets: We test goodwill and non-amortizable intangible assets for impairment at least annually on October 1. We assess goodwill impairment risk by first performing a qualitative review of entity-specific, industry, market and general economic factors for each reporting unit. If significant potential goodwill impairment risk exists for a specific reporting unit, we apply a two-step quantitative test. The first step compares the reporting unit's estimated fair value with its carrying value. We estimate a reporting unit's fair value using a 20-year projection of discounted cash flows which incorporates planned growth rates, market-based discount rates and estimates of residual value. For reporting units within our Kraft Foods North America and Kraft Foods Europe geographic units, we used a market-based, weighted-average cost of capital of 6.8% to discount the projected cash flows of those operations. For reporting units within our Kraft Foods Developing Markets geographic unit, we used a risk-rated discount rate of 9.8%. Estimating the fair value of individual reporting units requires us to make assumptions and estimates regarding our future plans, industry and economic conditions and our actual results and conditions may differ over time. If the carrying value of a reporting unit's net assets exceeds its fair value, the second step is applied to measure the difference between the carrying value and implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, the goodwill is considered impaired and reduced to its implied fair value. We test non-amortizable intangible assets for impairment by comparing the fair value of each intangible asset with its carrying value. Fair value of non-amortizable intangible assets is determined using planned growth rates, market-based discount rates and estimates of royalty rates. If the carrying value exceeds fair value, the intangible asset is considered impaired and is reduced to fair value. We record intangible asset impairment charges within asset impairment and exit costs. Definite-lived intangible assets are amortized over their estimated useful lives and evaluated for impairment as long-lived assets.
Insurance And Self-Insurance	Insurance and Self-Insurance: We use a combination of insurance and self-insurance for a number of risks, including workers' compensation, general liability, automobile liability, product liability and our obligation for employee healthcare benefits. Liabilities associated with the risks are estimated by considering historical claims experience and other actuarial assumptions.
Revenue Recognition	Revenue Recognition: We recognize revenues when title and risk of loss pass to customers, which generally occurs upon shipment or delivery of goods. Revenues are recorded net of consumer incentives and trade promotions and include all shipping and handling charges billed to customers. Our shipping and handling costs are classified as part of cost of sales. A provision for product returns and allowances for bad debts is also recorded as reductions to revenues within the same period that the revenue is recognized.
Marketing And Research And Development	Marketing and Research and Development: We promote our products with advertising, consumer incentives and trade promotions. These programs include, but are not limited to, discounts, coupons, rebates, in-store display incentives and volume-based incentives. We expense advertising costs either in the period the advertising first takes place or as incurred. Consumer incentive and trade promotion activities are recorded as a reduction to revenues based on amounts estimated as being due to customers and consumers at the end of a period. We base these estimates principally on historical utilization and redemption rates. For interim reporting purposes, advertising and consumer incentive expenses are charged to operations as a percentage of volume, based on estimated volume and related expense for the full year. We do not defer costs on our year-end consolidated balance sheet and all marketing costs are recorded as an expense in the year incurred. Advertising expense was $2,396 million in 2011, $2,270 million in 2010, and $1,581 million in 2009. We expense costs as incurred for product research and development. Research and development expense was $702 million in 2011, $583 million in 2010, and $466 million in 2009. We record marketing and research and development expenses within selling, general and administrative expenses.
Environmental Costs	Environmental Costs: We are subject to laws and regulations relating to the protection of the environment. We accrue for environmental remediation obligations on an undiscounted basis when amounts are probable and can be reasonably estimated. The accruals are adjusted as new information develops or circumstances change. Recoveries of environmental remediation costs from third parties are recorded as assets when recovery of those costs is deemed probable. At December 31, 2011, our subsidiaries were involved in 68 active actions in the U.S. under Superfund legislation (and other similar actions and legislation) related to current operations and certain former or divested operations for which we retain liability. Outside the U.S., we are subject to applicable multi-national, national and local environmental laws and regulations in the countries in which we do business. Outside the U.S., we have specific programs across our business units designed to meet applicable environmental compliance requirements. As of December 31, 2011, we accrued an immaterial amount for environmental remediation. Based on information currently available, we believe that the ultimate resolution of existing environmental remediation actions and our compliance in general with environmental laws and regulations will not have a material effect on our financial results.
Employee Benefit Plans	Employee Benefit Plans: We provide a range of benefits to our employees and retired employees. These include pension benefits, postretirement health care benefits and postemployment benefits, consisting primarily of severance. We provide pension coverage for certain employees of our non-U.S. subsidiaries through separate plans. Local statutory requirements govern many of these plans. For salaried and non-union hourly employees hired in the U.S. after January 1, 2009, we discontinued benefits under our U.S. pension plans, and we replaced them with an enhanced company contribution to our employee savings plan. Additionally, we will be freezing the U.S. pension plans for current salaried and non-union hourly employees effective December 31, 2019. Pension accruals for all salaried and non-union employees who are currently earning pension benefits will end on December 31, 2019, and continuing pay and service will be used to calculate the pension benefits through December 31, 2019. Our projected benefit obligation decreased $168 million in 2009, and we incurred a $5 million curtailment charge in 2009 related to the freeze. Our U.S., Canadian, and United Kingdom subsidiaries provide health care and other benefits to most retired employees. Local government plans generally cover health care benefits for retirees outside the U.S., Canada, and United Kingdom. Our postemployment benefit plans cover most salaried and certain hourly employees. The cost of these plans is charged to expense over the working life of the covered employees.
Financial Instruments	Financial Instruments: As we operate globally, we use a variety of risk management strategies and financial instruments to manage foreign currency exchange rate, commodity price and interest rate risks. Our risk management program focuses on the unpredictability of financial markets and seeks to reduce the potentially adverse effects that the volatility of these markets may have on our operating results. One way we do this is through actively hedging our risks through the use of derivative instruments. Derivatives are recorded on our consolidated balance sheets at fair value which fluctuates based on changing market conditions. Certain derivatives are designated as either cash flow or fair value hedges and qualify for hedge accounting treatment, while others do not qualify and are marked to market through earnings. For cash flow hedges, changes in fair value are deferred in accumulated other comprehensive earnings / (losses) within equity until the underlying hedged items are recognized in net earnings. Accordingly, we record deferred cash flow hedge gains or losses in cost of sales when the related inventory is sold and in interest and other expense, net, when the related interest expense is recorded for hedges of intercompany loans. For fair value hedges, changes in fair value are recognized immediately in net earnings, consistent with the underlying hedged items. As such, in connection with our interest rate swaps designated as fair value hedges, we record gains or losses on interest rate swaps and the corresponding changes in the fair value of hedged long-term debt directly within interest and other expense, net. Cash flows from derivative instruments are also classified in the same manner as the underlying hedged items in the consolidated statement of cash flows. For additional information on the location of derivative activity within our operating results, see Note 12, Financial Instruments. To qualify for hedge accounting, a specified level of hedging effectiveness between the hedging instrument and the item being hedged must be achieved at inception and maintained throughout the hedged period. Any hedging ineffectiveness is recognized in net earnings when the change in the value of the hedge does not offset the change in the value of the underlying hedged item. We formally document our risk management objectives, strategies for undertaking the various hedge transactions, the nature of and relationships between the hedging instruments and hedged items, and method for assessing hedge effectiveness. Additionally, for qualified hedges of forecasted transactions, we specifically identify the significant characteristics and expected terms of the forecasted transactions. If it becomes probable that a forecasted transaction will not occur, the hedge will no longer be effective and all of the derivative gains or losses would be recognized in earnings in the current period. When we use financial instruments, we are exposed to credit risk that a counterparty might fail to fulfill its performance obligations under the terms of our agreement. We minimize our credit risk by entering into transactions with counterparties with investment grade credit ratings, limiting the amount of exposure we have with each counterparty and monitoring the financial condition of our counterparties. We also maintain a policy of requiring that all significant, non-exchange traded derivative contracts with a duration of greater than one year be governed by an International Swaps and Derivatives Association master agreement. We are also exposed to market risk as the value of our financial instruments might be adversely affected by a change in foreign currency exchange rates, commodity prices or interest rates. We manage market risk by incorporating monitoring parameters within our risk management strategy that limit the types of derivative instruments and derivative strategies we use, and the degree of market risk that we hedge with derivative instruments. Commodity cash flow hedges – We are exposed to price risk related to forecasted purchases of certain commodities that we primarily use as raw materials. We enter into commodity forward contracts primarily for meat, coffee, dairy, sugar, cocoa and wheat. Commodity forward contracts generally are not subject to the accounting requirements for derivative instruments and hedging activities under the normal purchases exception. We also use commodity futures and options to hedge the price of certain input costs, including dairy, coffee, cocoa, wheat, corn products, soybean oils, meat products, sugar, natural gas and heating oil. Some of these derivative instruments are highly effective and qualify for hedge accounting treatment. We also sell commodity futures to unprice future purchase commitments, and we occasionally use related futures to cross-hedge a commodity exposure. We are not a party to leveraged derivatives and, by policy, do not use financial instruments for speculative purposes. Foreign currency cash flow hedges – We use various financial instruments to mitigate our exposure to changes in exchange rates from third-party and intercompany actual and forecasted transactions. These instruments may include forward foreign exchange contracts, forward futures contracts, foreign currency swaps and foreign currency options. Based on the size and location of our businesses, we use these instruments to hedge our exposure to certain currencies, including the euro, Swiss franc, pound sterling and Canadian dollar. Interest rate cash flow and fair value hedges – We manage interest rate volatility by modifying the repricing or maturity characteristics of certain liabilities so that the net interest margin is not, on a material basis, adversely affected by movements in interest rates. As a result of interest rate fluctuations, hedged fixed-rate liabilities appreciate or depreciate in market value. We expect the effect of this unrealized appreciation or depreciation to be substantially offset by our gains or losses on the derivative instruments that are linked to these hedged liabilities. We use derivative instruments, including interest rate swaps that have indices related to the pricing of specific liabilities as part of our interest rate risk management strategy. As a matter of policy, we do not use highly leveraged derivative instruments for interest rate risk management. We use interest rate swaps to economically convert a portion of our nonprepayable fixed-rate debt into variable-rate debt. Under the interest rate swap contracts, we agree with other parties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts, which is calculated based on an agreed-upon notional amount. We also use interest rate swaps to hedge the variability of interest payment cash flows on a portion of our future debt obligations. Substantially all of these derivative instruments are highly effective and qualify for hedge accounting treatment. Hedges of net investments in foreign operations – We have numerous investments in our foreign subsidiaries. The net assets of these subsidiaries are exposed to volatility in foreign currency exchange rates. We use foreign-currency-denominated debt to hedge our net investment in foreign operations against adverse movements in exchange rates. We designated our euro and pound sterling denominated borrowings as a net investment hedge of a portion of our overall European operations. The gains and losses on our net investment in these designated European operations are economically offset by losses and gains on our euro and pound sterling denominated borrowings. The change in the debt's fair value is recorded in the currency translation adjustment component of accumulated other comprehensive earnings / (losses).
Income Taxes	Income Taxes: We recognize tax benefits in our financial statements when our uncertain tax positions are more likely than not to be sustained upon audit. The amount we recognize is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. We recognize deferred tax assets for deductible temporary differences, operating loss carryforwards and tax credit carryforwards. Deferred tax assets are reduced by a valuation allowance if it is more likely than not that some portion, or all, of the deferred tax assets will not be realized.
New Accounting Pronouncements	New Accounting Pronouncements: In September 2011, the Financial Accounting Standards Board ("FASB") issued an amendment related to multiemployer pension plans. This amendment increases the quantitative and qualitative disclosures about an employer's participation in individually significant multiemployer plans that offer pension and other postretirement benefits. The guidance is effective for fiscal years ended after December 15, 2011. We adopted the guidance and modified the disclosures surrounding our participation in multiemployer plans in Note 11, Benefit Plans. In September 2011, the FASB issued an amendment to simplify how entities test goodwill for impairment. An entity now has the option to first assess qualitative factors to determine whether it is "more likely than not" that goodwill may be impaired. If, after assessing the totality of events and circumstances, goodwill impairment is determined to be not likely, then performing the quantitative two-step impairment test would not be required. The new guidance also modifies goodwill evaluation during the year to make it consistent with the new annual qualitative approach. We adopted the guidance effective October 1, 2011 and incorporated the guidance in our annual goodwill impairment test. In June 2011, the FASB issued an amendment related to statements of comprehensive income. This amendment requires an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income in either a single continuous statement of comprehensive income or in two separate but consecutive statements. This amended guidance eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. We adopted the guidance effective October 1, 2011 and we now present the components of other comprehensive income in a separate statement. In May 2011, the FASB issued an amendment to revise certain fair value measurement and disclosure requirements. This amendment establishes common requirements for measuring fair value and for disclosing information about fair value measurements in accordance with U.S. GAAP and International Financial Reporting Standards. These changes will be effective January 1, 2012 on a prospective basis. Early adoption is not permitted. We do not expect the adoption of this standard to have a material effect on our financial results. In June 2009, new guidance was issued on the consolidation of variable interest entities. We adopted the guidance effective January 1, 2010. This guidance increases the likelihood of an enterprise being classified as a variable interest entity. The adoption of this guidance did not have a material impact on our financial results.
Subsequent Events	Subsequent Events: We evaluated subsequent events and included all accounting and disclosure requirements related to subsequent events in our consolidated financial statements.
Reclassifications	Reclassifications: Certain amounts previously reported have been reclassified to conform to the current-year presentation.

Acquisitions And Divestitures (Tables)

12 Months Ended

Dec. 31, 2011

Cadbury [Member]

Acquisitions And Divestitures [Line Items]

Pro Forma Summary

		00,000,000		00,000,000
	Pro forma for the
	Years Ended December 31,
	2010		2009
	(in millions)

Net revenues	$	49,770	$	47,852
Net earnings attributable to Kraft Foods		3,938		2,586

Assets And Liabilities Acquired

		00,000,000
Receivables ⁽¹⁾	$	1,333
Inventories		1,298
Other current assets		660
Property, plant and equipment		3,293
Goodwill ⁽²⁾		9,530
Intangible assets ⁽³⁾		12,905
Other assets		593
Short-term borrowings		(1,206	)
Accounts payable		(1,605	)
Other current liabilities⁽⁴⁾		(1,866	)
Long-term debt		(2,437	)
Deferred income taxes		(3,218	)
Accrued pension costs		(817	)
Other liabilities		(927	)
Noncontrolling interest		(33	)

(1)

The gross amount of acquired receivables was $1,474 million, of which $141 million was reserved as uncollectable.

(2)

Goodwill will not be deductible for statutory tax purposes and is attributable to Cadbury's workforce and the significant synergies we expect from the acquisition.

(3)

(4)

Frozen Pizza [Member]

Acquisitions And Divestitures [Line Items]

Summary Results Of Operations

		00,000,000			00,000,000
	For the Years Ended December 31,
	2010			2009
	(in millions)

Net revenues	$	335		$	1,632

Earnings before income taxes		73			341
Provision for income taxes		(25	)		(123	)
Gain on discontinued operations, net of income taxes		1,596			–

Earnings and gain from discontinued operations, net of income taxes	$	1,644		$	218

Assets Included In Divestiture

		00,000,000
Inventories, net	$	102
Property, plant and equipment, net		317
Goodwill		475

Divested assets of the Frozen Pizza business	$	894

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References+ Details

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

Property, Plant And Equipment [Abstract]

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Appendix F

-Paragraph F4

-Subparagraph e

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1392-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1486-128463

+ Details

Property, Plant And Equipment (Tables)

12 Months Ended

Dec. 31, 2011

Components Of Property, Plant And Equipment


	2011			2010
	(in millions)
Land and land improvements	$	768		$	795
Buildings and building equipment		4,997			4,934
Machinery and equipment		16,934			16,147
Construction in progress		1,233			1,154

		23,932			23,030
Accumulated depreciation		(10,119	)		(9,238	)

Property, plant and equipment, net	$	13,813		$	13,792

Goodwill And Intangible Assets [Abstract]

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details

Goodwill And Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Goodwill By Reportable Segment

		00,000,000		00,000,000
	2011		2010
	(in millions)

Kraft Foods North America:
U.S. Beverages	$	1,290	$	1,290
U.S. Cheese		3,000		3,000
U.S. Convenient Meals		985		985
U.S. Grocery		3,046		3,046
U.S. Snacks		9,125		9,125
Canada & N.A. Foodservice		3,385		3,430
Kraft Foods Europe		9,003		9,023
Kraft Foods Developing Markets		7,463		7,957

Goodwill	$	37,297	$	37,856

Intangible Assets Disclosure

		00,000,000			00,000,000
	2011			2010
	(in millions)

Non-amortizable intangible assets	$	22,859		$	23,351
Amortizable intangible assets		2,853			2,928

		25,712			26,279
Accumulated amortization		(526	)		(316	)

Intangible assets, net	$	25,186		$	25,963

Schedule Of Changes In Goodwill And Intangible Assets

		00,000,000			00,000,000			00,000,000			00,000,000
	2011						2010
	Goodwill			Intangible Assets, at cost			Goodwill			Intangible Assets, at cost
	(in millions)
Balance at January 1	$	37,856		$	26,279		$	28,764		$	13,540
Changes due to:
Foreign currency		(559	)		(567	)		37			48
Acquisitions		–			–			9,530			12,907
Divestitures		–			–			(475	)		(168	)
Asset impairments		–			–			–			(43	)
Other		–			–			–			(5	)

Balance at December 31	$	37,297		$	25,712		$	37,856		$	26,279

The entire disclosure for all or part of the information related to intangible assets.

+ References+ Details

Restructuring Cost and Reserve [Line Items]

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References+ Details

Integration Program And Cost Savings Initiatives (Tables) (Integration Program [Member])

12 Months Ended

Dec. 31, 2011

Integration Program [Member]

Schedule Of Changes In The Integration Program Liability

		00,000,000			00,000,000
	2011			2010
	(in millions)

Balance at January 1	$	406		$	–
Liability assumed upon acquisition		–			228
Charges		521			657
Cash spent		(554	)		(463	)
Asset impairments		–			(13	)
Currency / other		(27	)		(3	)

Balance at December 31	$	346		$	406

Debt And Borrowing Arrangements [Abstract]

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details

Debt And Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2011

Short-Term Borrowings

		00,000,000		00,000,000		00,000,000		00,000,000
	2011				2010
	Amount Outstanding		Weighted-Average Year-End Rate		Amount Outstanding		Weighted-Average Year-End Rate
	(in millions)				(in millions)

Commercial paper	$	–			$	483		0.5%
Bank loans		182		10.7%		267		6.3%

Total short-term borrowings	$	182			$	750

Long-Term Debt

		00,000,000			00,000,000
	2011			2010
	(in millions)

Notes, 2.63% to 7.55% (average effective rate 5.87%), due through 2040	$	21,766		$	22,872
Euro notes, 5.75% to 6.25% (average effective rate 5.98%), due through 2015		3,690			3,808
Sterling notes, 5.38% to 7.25% (average effective rate 4.94%), due through 2018		1,074			1,091
Other foreign currency obligations		178			158
Capital leases and other		41			45

Total		26,749			27,974
Less current portion of long-term debt		(3,654	)		(1,115	)

Long-term debt	$	23,095		$	26,859

Aggregate Maturities Of Long-Term Debt

		00,000,000
2012	$	3,654
2013		3,563
2014		971
2015		1,506
2016		1,773
Thereafter		15,308

Interest And Other Expense, Net

		00,000,000		00,000,000			00,000,000
	For the Years Ended December 31,
	2011		2010			2009
	(in millions)

Interest expense, debt	$	1,645	$	1,790		$	1,260
Acquisition-related financing fees		–		251			–
Other expense / (income), net		240		(17	)		(23	)

Total interest and other expense, net	$	1,885	$	2,024		$	1,237

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Authorized Common Stock Repurchase Programs

+ Details

Capital Stock (Tables) (Common Class A [Member])

12 Months Ended

Dec. 31, 2011

Common Class A [Member]

Stock Plans [Line Items]


						Shares
	Shares Issued		Treasury Shares			Outstanding
Balance at January 1, 2009		1,735,000,000		(265,698,560	)		1,469,301,440
Exercise of stock options and issuance of other stock awards		—		8,583,463			8,583,463

Balance at December 31, 2009		1,735,000,000		(257,115,097	)		1,477,884,903

Shares issued		261,537,778		—			261,537,778
Exercise of stock options and issuance of other stock awards		—		8,643,868			8,643,868

Balance at December 31, 2010		1,996,537,778		(248,471,229	)		1,748,066,549

Exercise of stock options and issuance of other stock awards		—		19,830,140			19,830,140

Balance at December 31, 2011		1,996,537,778		(228,641,089	)		1,767,896,689

Stock Plans (Tables)

12 Months Ended

Dec. 31, 2011

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted-Average Black-Scholes Fair Value Assumptions

		00,000,000		00,000,000		00,000,000		00,000,000		00,000,000
	Risk-Free				Expected		Expected		Fair Value
	Interest Rate		Expected Life		Volatility		Dividend Yield		at Grant Date

2011		2.34%		6 years		18.92%		3.72%	$	3.84
2010		2.82%		6 years		19.86%		4.14%	$	3.69
2009		2.46%		6 years		21.36%		4.90%	$	2.68

Stock Options Activity

		00,000,000			00,000,000	00,000,000	00,000,000
						Average
				Weighted-		Remaining	Aggregate
	Shares Subject			Average		Contractual	Intrinsic
	to Option			Exercise Price		Term	Value

Balance at January 1, 2011		54,236,161		$	27.71
Options granted		16,319,790			31.81
Options exercised		(17,693,101	)		28.00
Options cancelled		(3,263,983	)		29.27

Balance at December 31, 2011		49,598,867			28.87	8 years	$426 million

Exercisable at December 31, 2011		18,876,266			27.21	7 years	$189 million

Restricted And Deferred Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted And Deferred Stock Activity

		00,000,000			00,000,000
				Weighted- Average
	Number			Grant Date Fair Value
	of Shares			Per Share

Balance at January 1, 2011		14,221,494		$	27.84
Granted		5,070,012			31.97
Vested		(4,353,760	)		30.35
Forfeited		(1,320,573	)		29.30

Balance at December 31, 2011		13,617,173			28.43

Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

Projected Benefit Obligations, Accumulated Benefit Obligations And Fair Value Of Plan Assets

		00,000,000		00,000,000		00,000,000		00,000,000
	U.S. Plans				Non-U.S. Plans
	2011		2010		2011		2010
	(in millions)

Projected benefit obligation	$	7,472	$	5,097	$	9,314	$	7,934
Accumulated benefit obligation		6,971		4,627		8,962		7,668
Fair value of plan assets		5,829		4,156		7,313		6,471

Pension Plans [Member]

Funded Status Of Pension Plans

		00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans						Non-U.S. Plans
	2011			2010			2011			2010
	(in millions)

Benefit obligation at January 1	$	6,703		$	6,195		$	8,895		$	4,401
Service cost		146			145			170			162
Interest cost		364			368			458			419
Benefits paid		(304	)		(322	)		(470	)		(462	)
Settlements paid		(187	)		(244	)		–			(49	)
Curtailment gain		(3	)		(23	)		(1	)		(3	)
Actuarial losses		744			368			588			265
Acquisition		–			206			–			4,375
Currency		–			–			(95	)		(164	)
Other		9			10			36			(49	)

Benefit obligation at December 31		7,472			6,703			9,581			8,895


Fair value of plan assets at January 1		5,800			5,496			7,453			3,397
Actual return on plan assets		(18	)		671			284			624
Contributions		538			85			387			326
Benefits paid		(304	)		(322	)		(470	)		(462	)
Settlements paid		(187	)		(244	)		–			(49	)
Acquisition		–			114			–			3,702
Currency		–			–			(54	)		(84	)
Other		–			–			–			(1	)

Fair value of plan assets at December 31		5,829			5,800			7,600			7,453

Net pension liability recognized at December 31	$	(1,643	)	$	(903	)	$	(1,981	)	$	(1,442	)

Pension Plans Resulted In Net Pension Liability

		00,000,000			00,000,000
	2011			2010
	(in millions)

Prepaid pension assets	$	31		$	86
Other accrued liabilities		(58	)		(49	)
Accrued pension costs		(3,597	)		(2,382	)

	$	(3,624	)	$	(2,345	)

Weighted-Average Assumptions To Determine Our Benefit Obligations

		00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans						Non-U.S. Plans
	2011			2010			2011			2010

Discount rate		4.85	%		5.53	%		4.62	%		5.11	%
Expected rate of return on plan assets		8.00	%		7.95	%		6.47	%		6.77	%
Rate of compensation increase		4.00	%		4.00	%		3.58	%		3.68	%

Components Of Net Costs

		00,000,000			00,000,000			00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans									Non- U.S. Plans
	2011			2010			2009			2011			2010			2009
	(in millions)

Service cost	$	146		$	145		$	152		$	170		$	162		$	67
Interest cost		364			368			369			458			419			215
Expected return on plan assets		(496	)		(490	)		(486	)		(536	)		(467	)		(242	)
Amortization:
Net loss from experience differences		225			170			160			101			77			23
Prior service cost		7			6			6			2			7			6
Other expenses		105			123			112			14			11			8

Net pension cost	$	351		$	322		$	313		$	209		$	209		$	77

Weighted-Average Assumptions To Determine Our Net Pension Cost

		00,000,000			00,000,000			00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans									Non-U.S. Plans
	2011			2010			2009			2011			2010			2009

Discount rate		5.53	%		5.85	%		6.10	%		5.11	%		5.21	%		6.41	%
Expected rate of return on plan assets		7.95	%		7.99	%		8.00	%		6.77	%		6.68	%		7.25	%
Rate of compensation increase		4.00	%		3.98	%		4.00	%		3.68	%		3.59	%		3.09	%

Fair Value of Pension Plan Assets

		00,000,000,000		00,000,000,000		00,000,000,000		00,000,000,000
	Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Asset Category	(in millions)

U.S. equity securities	$	272	$	266	$	6	$	–
Non-U.S. equity securities		1,666		1,664		2		–
Pooled funds-equity securities		4,755		485		4,270		–

Total equity securities		6,693		2,415		4,278		–

Government bonds		1,170		571		599		–
Pooled funds-fixed-income securities		1,515		230		1,278		7
Corporate bonds and other fixed-income securities		3,019		100		2,161		758

Total fixed-income securities		5,704		901		4,038		765

Real estate		351		91		5		255
Other		529		119		19		391

Total	$	13,277	$	3,526	$	8,340	$	1,411

The fair value of pension plan assets at December 31, 2010 was determined using the following fair value measurements:

		00,000,000,000		00,000,000,000		00,000,000,000		00,000,000,000
	Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Asset Category	(in millions)

U.S. equity securities	$	280	$	276	$	4	$	–
Non-U.S. equity securities		1,915		1,912		3		–
Pooled funds-equity securities		4,971		281		4,690		–

Total equity securities		7,166		2,469		4,697		–

Government bonds		1,405		731		674		–
Pooled funds-fixed-income securities		1,893		52		1,841		–
Corporate bonds and other fixed-income securities		1,749		5		993		751

Total fixed-income securities		5,047		788		3,508		751

Real estate		343		86		7		250
Other		542		155		11		376

Total	$	13,098	$	3,498	$	8,223	$	1,377

Schedule Of Changes In Level 3 Plan Assets

		00,000,000		00,000,000			00,000,000			00,000,000		00,000,000			00,000,000
	January 1, 2011 Balance		Net Realized and Unrealized Gains/(Losses)			Net Purchases, Issuances and Settlements			Net Transfers Into/(Out of) Level 3		Currency Impact			December 31, 2011 Balance
Asset Category	(in millions)

Pooled funds fixed-income securities	$	–	$	–		$	–		$	8	$	(1	)	$	7

Corporate bond and other fixed-income securities		751		105			(95	)		1		(4	)		758
Real Estate		250		(15	)		19			–		1			255
Other		376		10			7			–		(2	)		391

Total Level 3 investments	$	1,377	$	100		$	(69	)	$	9	$	(6	)	$	1,411

The increases in Level 3 pension plan investments from December 31, 2010 were primarily due to net realized and unrealized gains, partially offset by net purchases, issuances and settlements.

Changes in our Level 3 assets, which are recorded in other comprehensive earnings / (losses), for the year ended December 31, 2010 included:

		00,000,000		00,000,000		00,000,000			00,000,000		00,000,000			00,000,000
	January 1, 2010 Balance		Net Realized and Unrealized Gains/(Losses)		Net Purchases, Issuances and Settlements			Net Transfers Into/(Out of) Level 3		Currency Impact			December 31, 2010 Balance
Asset Category	(in millions)

Non-U.S. equity securities	$	1	$	–	$	(1	)	$	–	$	–		$	–
Corporate bond and other fixed-income securities		2		23		(44	)		789		(19	)		751
Real Estate		–		34		(1	)		220		(3	)		250
Other		2		29		12			341		(8	)		376

Total Level 3 investments	$	5	$	86	$	(34	)	$	1,350	$	(30	)	$	1,377

Percentage Of Fair Value Of Pension Plan Assets

		00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans						Non–U.S. Plans
Asset Category	2011			2010			2011			2010

Equity securities		66	%		69	%		38	%		41	%
Fixed-income securities		33	%		31	%		51	%		47	%
Real estate		1	%		–			4	%		5	%
Other		–			–			7	%		7	%

Total		100	%		100	%		100	%		100	%

Estimated Future Benefit Payments


	U.S. Plans		Non-U.S. Plans
	(in millions)

2012	$	467	$	464
2013		454		469
2014		444		474
2015		462		489
2016		483		505
2017-2021		2,797		2,696

Schedule Of Individually Significant Multiemployer Pension Plan

00,000,000

Pension Fund

EIN / Pension
Plan Number

Pension
Protection Act
Zone Status (1)

FIP / RP
Status Pending /
Implemented

Surcharge
Imposed

Expiration Date
of Collective-
Bargaining
Agreement

Bakery and Confectionery

Union and Industry

International Pension Fund

526118572

Green

2/29/2012

(1)

Postretirement Benefit Plans [Member]

Weighted-Average Assumptions To Determine Our Net Pension Cost

		00,000,000			00,000,000			00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans									Non-U.S. Plans
	2011			2010			2009			2011			2010			2009

Discount rate		5.30	%		5.70	%		6.10	%		5.02	%		5.28	%		7.60	%
Health care cost trend rate		7.50	%		7.00	%		7.00	%		8.83	%		8.79	%		9.00	%

Estimated Future Benefit Payments

		00,000,000		00,000,000
	U.S. Plans		Non-U.S. Plans
	(in millions)

2012	$	210	$	12
2013		211		12
2014		212		12
2015		212		13
2016		210		13
2017-2021		1,035		73

Benefit Obligation Of Postretirement Benefit Plans

		00,000,000			00,000,000
	2011			2010
	(in millions)

Accrued benefit obligation at January 1	$	3,263		$	3,032
Service cost		36			39
Interest cost		165			172
Benefits paid		(221	)		(213	)
Plan amendments		(5	)		(7	)
Currency		(3	)		10
Assumption changes		254			147
Actuarial (gains) / losses		(36	)		42
Acquisition		–			41

Accrued benefit obligation at December 31	$	3,453		$	3,263

Weighted-Average Assumptions To Determine Our Postretirement Benefit Obligations

		00,000,000			00,000,000			00,000,000			00,000,000
	U.S. Plans						Non-U.S. Plans
	2011			2010			2011			2010
Discount rate		4.70	%		5.30	%		4.29	%		5.02	%
Health care cost trend rate assumed for next year		7.00	%		7.50	%		7.42	%		8.83	%
Ultimate trend rate		5.00	%		5.00	%		5.53	%		6.00	%
Year that the rate reaches the ultimate trend rate		2016			2016			2016			2017

Effect Of Assumed Health Care Cost Trend Rates


	One-Percentage-Point
	Increase			Decrease

Effect on total of service and interest cost		12.8	%		(10.5	%)
Effect on postretirement benefit obligation		10.7	%		(9.0	%)

Net Postretirement Health Care Costs

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Service cost	$	36		$	39		$	35
Interest cost		165			172			174
Amortization:
Net loss from experience differences		60			55			44
Prior service credit		(32	)		(32	)		(32	)

Net postretirement health care costs	$	229		$	234		$	221

Postemployment Benefit Plans [Member]

Benefit Obligation Of Postemployment Benefit Plans

Components Of Net Costs

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Service cost	$	11		$	9		$	8
Interest cost		9			10			8
Amortization of net (gains) / losses		(2	)		(2	)		2
Other		33			–			–

Net postemployment costs	$	51		$	17		$	18

		00,000,000			00,000,000
	2011			2010
	(in millions)

Accrued benefit obligation at January 1	$	140		$	116
Service cost		11			9
Interest cost		9			10
Benefits paid		(40	)		(24	)
Assumption changes		4			(8	)
Actuarial losses / (gains)		13			(12	)
Acquisition		–			49
Other		29			–

Accrued benefit obligation at December 31	$	166		$	140

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Fair Value Of Derivative Instruments

		00,000,000		00,000,000		00,000,000		00,000,000
	2011				2010
	Asset Derivatives		Liability Derivatives		Asset Derivatives		Liability Derivatives
	(in millions)				(in millions)

Derivatives accounted for as hedges:
Foreign exchange contracts	$	76	$	5	$	24	$	115
Commodity contracts		14		27		74		5
Interest rate contracts		2		519		58		13

	$	92	$	551	$	156	$	133

Derivatives not accounted for as hedges:
Foreign exchange contracts	$	13	$	5	$	21	$	48
Commodity contracts		392		372		202		114
Interest rate contracts		86		51		59		21

	$	491	$	428	$	282	$	183

Total fair value	$	583	$	979	$	438	$	316

Schedule Of Derivative Instruments Fair Values And Measurement Inputs

		00,000,000			00,000,000			00,000,000			00,000,000
	Total Fair Value of Net Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)

Foreign exchange contracts	$	79		$	–		$	79		$	–
Commodity contracts		7			(41	)		48			–
Interest rate contracts		(482	)		–			(482	)		–

Total derivatives	$	(396	)	$	(41	)	$	(355	)	$	–

		00,000,000			00,000,000		00,000,000			00,000,000
	Total Fair Value of Net Asset / (Liability)			Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
	(in millions)

Foreign exchange contracts	$	(118	)	$	–	$	(118	)	$	–
Commodity contracts		157			129		28			–
Interest rate contracts		83			–		83			–

Total derivatives	$	122		$	129	$	(7	)	$	–

Notional Values Of Derivative Instruments

		00,000,000		00,000,000
	2011		2010
	(in millions)

Foreign exchange contracts:
Intercompany loans and forecasted interest payments	$	1,982	$	2,183
Forecasted transactions		1,181		1,946
Commodity contracts		1,287		630
Interest rate contracts		4,872		5,167
Net investment hedge – euro notes		3,694		3,814
Net investment hedge – pound sterling notes		1,010		1,015

Fair Value Hedges

		00,000,000		00,000,000		00,000,000		00,000,000
	Gain / (Loss) Recognized in OCI							Location of Gain / (Loss) Recognized in AOCI
	2011		2010		2009
	(in millions)

Euro notes	$	77	$	170	$	(65	)	Currency Translation
Pound sterling notes		3		7		–		Adjustment

Cash Flow Hedges [Member]

Schedule Of Cash Flow Hedges Effect On Accumulated Other Comprehensive Income, Net Of Taxes

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Accumulated gain / (loss) at January 1	$	79		$	101		$	(23	)
Transfer of realized (gains) / losses in fair value to earnings		72			(25	)		111
Unrealized gain / (loss) in fair value		(448	)		3			13

Accumulated gain / (loss) at December 31	$	(297	)	$	79		$	101

Schedule Of Effects Of Derivative Instruments

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Foreign exchange contracts – intercompany loans	$	1		$	2		$	(12	)
Foreign exchange contracts – forecasted transactions		8			17			(40	)
Commodity contracts		(6	)		74			(27	)
Interest rate contracts		(451	)		(90	)		92

Total	$	(448	)	$	3		$	13

The gains / (losses) reclassified from accumulated other comprehensive earnings / (losses) into earnings were:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Foreign exchange contracts – intercompany loans	$	2		$	10		$	–
Foreign exchange contracts – forecasted transactions		(44	)		1			27
Commodity contracts		71			15			(138	)
Interest rate contracts		(101	)		(1	)		–

Total	$	(72	)	$	25		$	(111	)

The gains / (losses) on ineffectiveness recognized in earnings were:

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Foreign exchange contracts – intercompany loans	$	–		$	–		$	–
Foreign exchange contracts – forecasted transactions		–			–			–
Commodity contracts		(2	)		(6	)		12
Interest rate contracts		(2	)		–			–

Total	$	(4	)	$	(6	)	$	12

The gains / (losses) on the amount excluded from effectiveness testing recognized in earnings were:

		00,000,000			00,000,000		00,000,000
	2011			2010		2009
	(in millions)

Foreign exchange contracts – intercompany loans	$	–		$	–	$	–
Foreign exchange contracts – forecasted transactions		–			–		–
Commodity contracts		(13	)		3		1
Interest rate contracts		(156	)		–		–

Total	$	(169	)	$	3	$	1

Fair Value Hedges [Member]

Schedule Of Effects Of Derivative Instruments

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Gain / (loss) recognized in income on:
Derivatives	$	(6	)	$	1		$	7
Borrowings		6			(1	)		(7	)

Economic Hedges [Member]

Schedule Of Effects Of Derivative Instruments

		00,000,000			00,000,000			00,000,000		00,000,000
	Gain / (Loss) Recognized in Earnings									Location of Gain / (Loss) Recognized in Earnings
	2011			2010			2009
	(in millions)

Foreign exchange contracts:
Intercompany loans and forecasted interest payments	$	34		$	28		$	(10	)	Interest expense
Forecasted transactions		4			(11	)		(10	)	Cost of sales
Forecasted transactions		3			(17	)		–		Interest expense
Cadbury acquisition related		–			(395	)		–		Interest expense
Interest rate contracts		(3	)		4			–		Interest expense
Commodity contracts		166			126			37		Cost of sales

Total	$	204		$	(265	)	$	17

Tabular disclosure of the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods. Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19190-110258

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19279-110258

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19296-110258

+ Details

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

Commitments And Contingencies [Abstract]

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details

Commitments And Contingencies (Tables)

12 Months Ended

Dec. 31, 2011

Minimum rental commitments



2012	$	353
2013		287
2014		207
2015		155
2016		129
Thereafter		187

Total	$	1,318

Provision For Income Taxes

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

Earnings from continuing operations before income taxes:
United States	$	1,146		$	1,071		$	2,047
Outside United States		3,626			2,571			1,899

Total	$	4,772		$	3,642		$	3,946


Provision for income taxes:
United States federal:
Current	$	371		$	91		$	335
Deferred		63			322			108

		434			413			443
State and local:
Current		95			47			82
Deferred		55			61			(39	)

		150			108			43

Total United States		584			521			486

Outside United States:
Current		1,113			763			681
Deferred		(472	)		(137	)		(31	)

Total outside United States		641			626			650

Total provision for income taxes	$	1,225		$	1,147		$	1,136

Changes In Unrecognized Tax Benefits

		00,000,000			00,000,000			00,000,000
	2011			2010			2009
	(in millions)

January 1	$	1,281		$	829		$	807
Increases from positions taken during prior periods		222			49			90
Decreases from positions taken during prior periods		(147	)		(146	)		(205	)
Increases from positions taken during the current period		253			229			146
Increases from acquisition adjustments		–			357			–
Decreases relating to settlements with taxing authorities		(17	)		(19	)		(26	)
Reductions resulting from the lapse of the applicable statute of limitations		(14	)		(10	)		(14	)
Currency / other		(40	)		(8	)		31

December 31	$	1,538		$	1,281		$	829

Effective Income Tax Rate

		00,000,000			00,000,000			00,000,000
	2011			2010			2009

U.S. federal statutory rate		35.0	%		35.0	%		35.0	%
Increase / (decrease) resulting from:
State and local income taxes, net of federal tax benefit excluding IRS audit impacts		2.2	%		1.9	%		1.9	%
Federal and state tax impacts related to IRS audit settlements		0.7	%		(2.3	%)		(3.1	%)
Reversal of other tax accruals no longer required		(1.3	%)		(0.5	%)		(0.4	%)
U.S. Health Care Legislation		–			3.8	%		–
Foreign rate differences		(9.5	%)		(6.0	%)		(2.2	%)
Other		(1.4	%)		(0.4	%)		(2.4	%)

Effective tax rate		25.7	%		31.5	%		28.8	%

Deferred Tax Assets And Liabilities Temporary Differences

		00,000,000			00,000,000
	2011			2010
	(in millions)

Deferred income tax assets:
Accrued postretirement and postemployment benefits	$	1,276		$	1,103
Accrued pension costs		1,007			458
Other		3,124			2,064

Total deferred income tax assets		5,407			3,625

Valuation allowance		(467	)		(400	)

Net deferred income tax assets	$	4,940		$	3,225


Deferred income tax liabilities:
Trade names	$	(7,565	)	$	(7,606	)
Property, plant and equipment		(2,084	)		(1,845	)
Other		(1,025	)		(611	)

Total deferred income tax liabilities		(10,674	)		(10,062	)

Net deferred income tax liabilities	$	(5,734	)	$	(6,837	)

Earnings From Continuing Operations Before Income Taxes

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share


	For the Years Ended December 31,
	2011		2010		2009
	(in millions, except per share data)
Earnings from continuing operations	$	3,547	$	2,495	$	2,810
Earnings and gain from discontinued operations, net of income taxes		—		1,644		218

Net earnings		3,547		4,139		3,028
Noncontrolling interest		20		25		7

Net earnings attributable to Kraft Foods	$	3,527	$	4,114	$	3,021

Weighted-average shares for basic EPS		1,765		1,715		1,478
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares		7		5		8

Weighted-average shares for diluted EPS		1,772		1,720		1,486

Basic earnings per share attributable to Kraft Foods:
Continuing operations	$	2.00	$	1.44	$	1.90
Discontinued operations		—		0.96		0.14

Net earnings attributable to Kraft Foods	$	2.00	$	2.40	$	2.04

Diluted earnings per share attributable to Kraft Foods:
Continuing operations	$	1.99	$	1.44	$	1.89
Discontinued operations		—		0.95		0.14

Net earnings attributable to Kraft Foods	$	1.99	$	2.39	$	2.03

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Net Revenues By Segment


	For the Years Ended December 31,
	2011		2010		2009
	(in millions)

Net revenues:
Kraft Foods North America:
U.S. Beverages	$	3,006	$	3,212	$	3,057
U.S. Cheese		3,810		3,528		3,605
U.S. Convenient Meals		3,328		3,131		3,029
U.S. Grocery		3,563		3,398		3,453
U.S. Snacks		6,329		6,001		4,964
Canada & N.A. Foodservice		5,152		4,696		3,922
Kraft Foods Europe		13,356		11,628		8,768
Kraft Foods Developing Markets		15,821		13,613		7,956

Net revenues	$	54,365	$	49,207	$	38,754


	For the Years Ended December 31,
	2011			2010			2009
	(in millions)

Earnings from continuing operations before income taxes:
Operating income:
Kraft Foods North America:
U.S. Beverages	$	450		$	564		$	511
U.S. Cheese		629			598			667
U.S. Convenient Meals		319			268			234
U.S. Grocery		1,240			1,164			1,146
U.S. Snacks		847			845			723
Canada & N.A. Foodservice		682			582			462
Kraft Foods Europe		1,406			1,115			785
Kraft Foods Developing Markets		2,053			1,577			936
Unrealized gains / (losses) on hedging activities		(100	)		67			203
Certain U.S. pension plan costs		(206	)		(179	)		(165	)
General corporate expenses		(438	)		(724	)		(293	)
Amortization of intangibles		(225	)		(211	)		(26	)

Operating income		6,657			5,666			5,183
Interest and other expense, net		(1,885	)		(2,024	)		(1,237	)

Earnings from continuing operations before income taxes	$	4,772		$	3,642		$	3,946

Gains (Losses) On Acquisitions And Divestitures

For the Years Ended December 31,

2011

2010

2009

(in millions)

Kraft Foods North America:

U.S. Beverages

–

U.S. Cheese

–

)

–

U.S. Convenient Meals

–

U.S. Grocery

–

U.S. Snacks

–

Canada & N.A. Foodservice

–

Kraft Foods Europe

–

(17

)

Kraft Foods Developing Markets

–

Gains / (losses) on divestitures, net

–

)

Total Assets By Segment


	As of December 31,
	2011		2010		2009
	(in millions)

Total assets:
Kraft Foods North America:
U.S. Beverages	$	2,837	$	2,513	$	2,382
U.S. Cheese		4,156		4,633		4,589
U.S. Convenient Meals		2,151		2,064		3,063
U.S. Grocery		5,142		5,574		5,565
U.S. Snacks		20,587		20,895		16,418
Canada & N.A. Foodservice		6,989		7,207		5,051
Kraft Foods Europe		24,525		24,261		16,073
Kraft Foods Developing Markets		24,559		25,738		11,087
Unallocated assets ⁽¹⁾		2,891		2,404		2,486

Total assets	$	93,837	$	95,289	$	66,714

(1)

Depreciation Expense


	For the Years Ended December 31,
	2011		2010		2009
	(in millions)

Depreciation expense:
Kraft Foods North America:
U.S. Beverages	$	66	$	73	$	69
U.S. Cheese		80		67		66
U.S. Convenient Meals		83		61		67
U.S. Grocery		86		88		82
U.S. Snacks		126		139		127
Canada & N.A. Foodservice		128		110		83
Kraft Foods Europe		354		355		237
Kraft Foods Developing Markets		337		320		157

Total – continuing operations		1,260		1,213		888
Discontinued operations		–		16		17

Total depreciation expense	$	1,260	$	1,229	$	905

Capital Expenditures


	For the Years Ended December 31,
	2011		2010		2009
	(in millions)

Capital expenditures:
Kraft Foods North America:
U.S. Beverages	$	121	$	88	$	82
U.S. Cheese		72		88		72
U.S. Convenient Meals		88		109		135
U.S. Grocery		74		76		85
U.S. Snacks		235		245		190
Canada & N.A. Foodservice		90		112		94
Kraft Foods Europe		378		334		292
Kraft Foods Developing Markets		713		607		319

Total – continuing operations		1,771		1,659		1,269
Discontinued operations		–		2		61

Total capital expenditures	$	1,771	$	1,661	$	1,330

Net Revenues By Consumer Sector


	For the Year Ended December 31, 2011
	Kraft Foods North America		Kraft Foods Europe		Kraft Foods Developing Markets		Total
	(in millions)

Biscuits	$	6,046	$	2,598	$	3,366	$	12,010
Confectionery		1,916		5,785		7,774		15,475
Beverages		3,598		3,158		2,917		9,673
Cheese		5,535		1,182		995		7,712
Grocery		3,188		363		642		4,193
Convenient Meals		4,905		270		127		5,302

Total net revenues	$	25,188	$	13,356	$	15,821	$	54,365


	For the Year Ended December 31, 2010 ⁽¹⁾
	Kraft Foods North America		Kraft Foods Europe		Kraft Foods Developing Markets		Total
	(in millions)

Biscuits	$	5,646	$	2,323	$	2,806	$	10,775
Confectionery		1,807		5,234		6,666		13,707
Beverages		3,741		2,511		2,536		8,788
Cheese		5,089		982		904		6,975
Grocery		3,088		334		579		4,001
Convenient Meals		4,595		244		122		4,961

Total net revenues	$	23,966	$	11,628	$	13,613	$	49,207


	For the Year Ended December 31, 2009
	Kraft Foods North America		Kraft Foods Europe		Kraft Foods Developing Markets		Total
	(in millions)

Biscuits	$	5,628	$	2,330	$	2,446	$	10,404
Confectionery		301		2,446		1,891		4,638
Beverages		3,545		2,390		2,094		8,029
Cheese		4,980		972		844		6,796
Grocery		3,136		369		566		4,071
Convenient Meals		4,440		261		115		4,816

Total net revenues	$	22,030	$	8,768	$	7,956	$	38,754

(1)

Within the above sector revenues disclosures, we reclassified certain net revenues to conform to the current year presentation.

Net Revenues By Geographic Segment


	For the Years Ended December 31,
	2011		2010		2009
	(in millions)

Net revenues:
United States	$	21,938	$	20,934	$	19,713
Europe		17,237		15,733		11,471
Other		15,190		12,540		7,570

Total net revenues	$	54,365	$	49,207	$	38,754

Long-Lived Assets And Total Assets By Geographic Segment


	As of December 31,
	2011		2010		2009
	(in millions)

Long-lived assets:
United States	$	35,093	$	35,200	$	31,773
Europe		25,401		25,333		16,077
Other		17,141		18,535		6,410

Total long-lived assets	$	77,635	$	79,068	$	54,260


Total assets:
United States	$	39,398	$	40,085	$	35,816
Europe		32,177		31,811		21,915
Other		22,262		23,393		8,983

Total assets	$	93,837	$	95,289	$	66,714

Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2011

Quarterly Financial Data [Abstract]

Quarterly Statement Of Income


2011 Quarters
	First		Second		Third		Fourth
	(in millions, except per share data)

Net revenues	$	12,573	$	13,878	$	13,226	$	14,688
Gross profit	$	4,636	$	4,871	$	4,615	$	4,893
Earnings from continuing operations	$	802	$	976	$	927	$	842


Net earnings		802		976		927		842
Noncontrolling interest		3		–		5		12

Net earnings attributable to Kraft Foods	$	799	$	976	$	922	$	830


Weighted-average shares for diluted EPS		1,760		1,771		1,777		1,779

Per share data:
Basic EPS attributable to Kraft Foods:
Continuing operations	$	0.46	$	0.55	$	0.52	$	0.47
Discontinued operations		–		–		–		–

Net earnings attributable to Kraft Foods	$	0.46	$	0.55	$	0.52	$	0.47


Diluted EPS attributable to Kraft Foods:
Continuing operations	$	0.45	$	0.55	$	0.52	$	0.47
Discontinued operations		–		–		–		–

Net earnings attributable to Kraft Foods	$	0.45	$	0.55	$	0.52	$	0.47


Dividends declared	$	0.29	$	0.29	$	0.29	$	0.29

Market price–high	$	32.20	$	35.47	$	36.30	$	37.93
–low	$	30.21	$	31.35	$	32.63	$	31.88

2010 Quarters
	First		Second		Third		Fourth
	(in millions, except per share data)

Net revenues	$	11,318	$	12,253	$	11,863	$	13,773
Gross profit	$	4,089	$	4,694	$	4,321	$	4,798
Earnings from continuing operations	$	249	$	939	$	760	$	547

Earnings and gain from discontinued operations, net of income taxes		1,644		–		–		–

Net earnings		1,893		939		760		547
Noncontrolling interest		10		2		6		7

Net earnings attributable to Kraft Foods	$	1,883	$	937	$	754	$	540

Weighted-average shares for diluted EPS		1,620		1,752		1,754		1,757

Per share data:
Basic EPS attributable to Kraft Foods:
Continuing operations	$	0.15	$	0.54	$	0.43	$	0.31
Discontinued operations		1.02		–		–		–

Net earnings attributable to Kraft Foods	$	1.17	$	0.54	$	0.43	$	0.31


Diluted EPS attributable to Kraft Foods:
Continuing operations	$	0.15	$	0.53	$	0.43	$	0.31
Discontinued operations		1.01		–		–		–

Net earnings attributable to Kraft Foods	$	1.16	$	0.53	$	0.43	$	0.31

Dividends declared	$	0.29	$	0.29	$	0.29	$	0.29

Market price – high	$	30.98	$	31.09	$	31.98	$	32.67
– low	$	27.09	$	27.49	$	27.59	$	29.80

Pre-Tax Charges / (Gains) In Earnings From Continuing Operations

		00,000,000		00,000,000		00,000,000			00,000,000
	2011 Quarters
	First		Second		Third			Fourth
	(in millions)

Asset impairment and exit costs	$	–	$	–	$	(7	)	$	–
(Gains) / losses on divestitures, net		–		–		–			–

	$	–	$	–	$	(7	)	$	–

During 2010, we recorded the following pre-tax charges / (gains) in earnings from continuing operations:

		00,000,000		00,000,000		00,000,000			00,000,000
	2010 Quarters
	First		Second		Third			Fourth
	(in millions)

Asset impairment and exit costs	$	–	$	–	$	(9	)	$	27
(Gains) / losses on divestitures, net		–		–		–			6

	$	–	$	–	$	(9	)	$	33

Summary Of Significant Accounting Policies (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Summary Of Significant Accounting Policies [Line Items]
Number of countries in which entity operates	170
Change in accounting policy effect of change on net revenue	$ 920	$ 200
Change in accounting policy effect of change on operating results	150
Foreign currency impacts relating to highly inflationary accounting	10	115
Impact of translation of cash		(34)
Advertising expense	2,396	2,270	1,581
Research and development expense	702	583	466
Projected benefit obligation decreased		23
Active actions subsidiaries are involved in	68
Buildings And Building Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Maximum useful life, in years	40
Machinery And Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Minimum useful life, in years	3
Maximum useful life, in years	20
Software [Member]
Summary Of Significant Accounting Policies [Line Items]
Maximum useful life, in years	7
U.S. Pension Plans [Member]
Summary Of Significant Accounting Policies [Line Items]
Projected benefit obligation decreased			168
Curtailment charge			$ 5

Acquisitions And Divestitures (Narrative) (Details)	0 Months Ended		3 Months Ended							12 Months Ended						11 Months Ended	12 Months Ended					12 Months Ended
Acquisitions And Divestitures (Narrative) (Details)	Jun. 01, 2010 USD ($)	Mar. 01, 2010 USD ($)	Dec. 31, 2011 USD ($)	Sep. 30, 2011 USD ($)	Jun. 30, 2011 USD ($)	Mar. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Jun. 30, 2010 USD ($)	Mar. 31, 2010 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Feb. 02, 2010 USD ($)	Feb. 02, 2010 GBP (£)	Feb. 03, 2010 Cadbury Ordinary Share [Member] GBP (£)	Feb. 02, 2010 Cadbury ADS [Member] GBP (£)	Dec. 31, 2010 Cadbury [Member] USD ($)	Dec. 31, 2010 Cadbury [Member] USD ($)	Dec. 31, 2009 Cadbury [Member] USD ($)	Jun. 02, 2010 Cadbury [Member]	Jun. 01, 2010 Cadbury [Member] USD ($)	Feb. 02, 2010 Cadbury [Member] USD ($)	Dec. 31, 2009 Balance Bar [Member] USD ($)
Acquisitions And Divestitures [Line Items]
Cash paid per share in acquisition														£ 5	£ 20
Kraft Shares issued per Cadbury Share														0.1874	0.7496
Cadbury value												$ 18,500,000,000	£ 11,600,000,000								$ 18,547,000,000
Business acquisition cost of acquired entity purchase price excluding noncontrolling interest																					13,100,000,000
Kraft Foods common stock average price per share												$ 28.36
U.S. dollars at foreign currency exchange rate for one pound sterling												1.595	1.595
Transaction related fees																	218,000,000	40,000,000
Acquisition financing fees										96,000,000
Cadbury net revenues																9,143,000,000
Cadbury net earnings																530,000,000
Percentage of Cadbury shares acquired												71.73%	71.73%						100.00%	28.27%	71.73%
Value of Cadbury acquisition attributable to noncontrolling interest																					5,400,000,000
Business acquisition cost remaining shares	5,400,000,000
Gain on noncontrolling interest acquired																				38,000,000
Cadbury acquisition value, net of cash and cash equivalents																					17,503,000,000
Sale of Frozen Pizza		3,700,000,000															342,000,000
Allocated overheads excluded from earnings before income taxes										25,000,000	108,000,000
Tax expense related to gain from discontinued operations										1,200,000,000
Proceeds from divestiture of businesses		3,700,000,000															342,000,000
Proceeds from sale of operations																						41,000,000
Pre-tax gains/losses							(6,000,000)			(6,000,000)	(6,000,000)											6,000,000
After-tax gain on divestitures																						$ 58,000,000

Acquisitions And Divestitures (Pro Forma Summary) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2009
Acquisitions And Divestitures [Abstract]
Net revenues	$ 49,770	$ 47,852
Net earnings attributable to Kraft Foods	$ 3,938	$ 2,586

Acquisitions And Divestitures (Assets And Liabilities Acquired) (Details) (USD $)

0 Months Ended

Dec. 31, 2010

Feb. 02, 2010

Customer Relationships [Member]

years

Feb. 02, 2010

Technology [Member]

years

Dec. 31, 2010

Kraft Foods Developing Markets [Member]

Feb. 02, 2010

Cadbury Acquisition Related [Member]

Business Acquisition [Line Items]

Receivables

$ 1,333,000,000

^[1]

Inventories

1,298,000,000

Other current assets

660,000,000

Property, plant and equipment

3,293,000,000

Goodwill

9,530,000,000

^[2]

Intangible assets

12,905,000,000

^[3]

Other assets

593,000,000

Short-term borrowings

(1,206,000,000)

Accounts payable

(1,605,000,000)

Other current liabilities

(1,866,000,000)

^[4]

Long-term debt

(2,437,000,000)

Deferred income taxes

(3,218,000,000)

Accrued pension costs

(817,000,000)

Other liabilities

(927,000,000)

Noncontrolling interest

(33,000,000)

Gross amount of acquired receivables

1,474,000,000

Intangible assets acquired, indefinite lived

10,300,000,000

Uncollectable receivables acquired

141,000,000

Amortizable intangible assets acquired

2,600,000,000

Amortizable intangible assets acquired, useful life, in years

Cumulative exposure

$ 150,000,000

$ 70,000,000

[1]	The gross amount of acquired receivables was $1,474 million, of which $141 million was reserved as uncollectable.
[2]	Goodwill will not be deductible for statutory tax purposes and is attributable to Cadbury's workforce and the significant synergies we expect from the acquisition.
[3]	We acquired $10.3 billion of indefinitely lived intangible assets, primarily trademarks, and $2.6 billion of amortizable intangible assets, primarily customer relationships and technology. Customer relationships will be amortized over approximately 13 years and technology will be amortized over approximately 12 years.
[4]	Within other current liabilities, a reserve for exposures related to taxes of approximately $70 million was established within our Developing Markets segment. The cumulative exposure was approximately $150 million at December 31, 2010.

Acquisitions And Divestitures (Summary Results Of Operations) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2010	Dec. 31, 2010	Dec. 31, 2009
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on discontinued operations, net of income taxes		$ 1,596
Earnings and gain from discontinued operations, net of income taxes	1,644	1,644	218
Frozen Pizza [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues		335	1,632
Earnings before income taxes		73	341
Provision for income taxes		(25)	(123)
Gain on discontinued operations, net of income taxes		1,596
Earnings and gain from discontinued operations, net of income taxes		$ 1,644	$ 218

Gain (loss) after tax expense or benefit, not previously recognized and resulting from the sale of a business component, which is recognized at the date of sale. A gain (loss) reflects the amount by which the consideration received exceeds (is exceeded by) the net carrying amount (reflecting previous provisions for loss on disposal, if any) of the disposal group.

+ References+ Details

Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

+ References+ Details

Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 144

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-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 47

-Subparagraph c

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 46

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-Name Accounting Standards Codification

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-Paragraph 1

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+ Details

This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 47

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 29

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 15

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-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 13

-Article 7

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-Name Accounting Standards Codification

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-Paragraph 1

-Subparagraph (SX 210.7-04.12)

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-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.14)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

+ Details

Acquisitions And Divestitures (Assets Included In Divestiture) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2010
Acquisitions And Divestitures [Abstract]
Inventories, net	$ 102
Property, plant and equipment, net	317
Goodwill	475
Divested assets of the Frozen Pizza business	$ 894

For the disposal group, including a component of the entity (discontinued operation), carrying value (net of accumulated depreciation and any write-downs) of tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details

Inventories (Components Of Inventories) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Inventories [Abstract]
Raw materials	$ 1,800	$ 1,743
Finished product	3,906	3,567
Inventories, net	$ 5,706	$ 5,310

Property, Plant And Equipment (Details) (USD $) In Millions, unless otherwise specified											12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011 Land And Land Improvements [Member]	Dec. 31, 2010 Land And Land Improvements [Member]	Dec. 31, 2011 Buildings And Building Equipment [Member]	Dec. 31, 2010 Buildings And Building Equipment [Member]	Dec. 31, 2011 Machinery And Equipment [Member]	Dec. 31, 2010 Machinery And Equipment [Member]	Dec. 31, 2011 Construction In Progress [Member]	Dec. 31, 2010 Construction In Progress [Member]	Dec. 31, 2010 Biscuit Plant and Related Property, Plant and Equipment in France [Member]	Dec. 31, 2009 Norway [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 23,932	$ 23,030	$ 768	$ 795	$ 4,997	$ 4,934	$ 16,934	$ 16,147	$ 1,233	$ 1,154
Accumulated depreciation	(10,119)	(9,238)
Property, plant and equipment, net	13,813	13,792
Asset impairment charges											$ 12	$ 9

The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement.

+ References+ Details

The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

+ References+ Details

Gross amount, at the balance sheet date, of long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details

Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details

Goodwill And Intangible Assets (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 years	Dec. 31, 2010	Dec. 31, 2009
Goodwill And Intangible Assets [Line Items]
Weighted-average life of our amortizable intangible assets (in years)	13.2
Acquisitions, goodwill		$ 9,530
Acquisitions, intangible assets, at cost		12,907
Write-off associated goodwill		475
Amortization expense	225	211	26
Estimated amortization expense for each of the next five years	215
Impairment of intangible assets		43
Goodwill	37,297	37,856	28,764
U.S. Salty Snacks [Member]
Goodwill And Intangible Assets [Line Items]
Goodwill	1,170
Percent of excess fair value over carrying value	19.00%	12.00%
U.S. Snacks [Member]
Goodwill And Intangible Assets [Line Items]
Acquisitions, goodwill		2,177
Goodwill	9,125	9,125
Canada & N.A. Foodservice [Member]
Goodwill And Intangible Assets [Line Items]
Acquisitions, goodwill		937
Goodwill	3,385	3,430
Kraft Foods Europe [Member]
Goodwill And Intangible Assets [Line Items]
Acquisitions, goodwill		2,671
Goodwill	9,003	9,023
Kraft Foods Developing Markets [Member]
Goodwill And Intangible Assets [Line Items]
Acquisitions, goodwill		3,745
Goodwill	7,463	7,957
Netherlands [Member]
Goodwill And Intangible Assets [Line Items]
Impairment of intangible assets	13
China [Member]
Goodwill And Intangible Assets [Line Items]
Impairment of intangible assets	30
Cadbury [Member]
Goodwill And Intangible Assets [Line Items]
Acquisitions, goodwill		9,530
Acquisitions, intangible assets, at cost		12,907
Frozen Pizza [Member]
Goodwill And Intangible Assets [Line Items]
Write-off associated goodwill		$ 475

Goodwill And Intangible Assets (Schedule Of Goodwill By Reportable Segment) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Segment Reporting Information [Line Items]
Goodwill	$ 37,297	$ 37,856	$ 28,764
U.S. Beverages [Member]
Segment Reporting Information [Line Items]
Goodwill	1,290	1,290
U.S. Cheese [Member]
Segment Reporting Information [Line Items]
Goodwill	3,000	3,000
U.S. Convenient Meals [Member]
Segment Reporting Information [Line Items]
Goodwill	985	985
U.S. Grocery [Member]
Segment Reporting Information [Line Items]
Goodwill	3,046	3,046
U.S. Snacks [Member]
Segment Reporting Information [Line Items]
Goodwill	9,125	9,125
Canada & N.A. Foodservice [Member]
Segment Reporting Information [Line Items]
Goodwill	3,385	3,430
Kraft Foods Europe [Member]
Segment Reporting Information [Line Items]
Goodwill	9,003	9,023
Kraft Foods Developing Markets [Member]
Segment Reporting Information [Line Items]
Goodwill	$ 7,463	$ 7,957

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

-Subparagraph e

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 43

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 68

-Subparagraph l

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

-Section 45

-Paragraph 1

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-Name Statement of Financial Accounting Standard (FAS)

-Number 142

-Paragraph 45

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-Clause 1

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 34

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Goodwill And Intangible Assets (Intangible Assets Disclosure) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Goodwill And Intangible Assets [Abstract]
Non-amortizable intangible assets	$ 22,859	$ 23,351
Amortizable intangible assets	2,853	2,928
Total intangible assets, gross	25,712	26,279	13,540
Accumulated amortization	(526)	(316)
Intangible assets, net	$ 25,186	$ 25,963

Goodwill And Intangible Assets (Schedule Of Movements In Goodwill And Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Goodwill And Intangible Assets [Abstract]
Balance at January 1, Goodwill	$ 37,856	$ 28,764
Foreign currency, Goodwill	(559)	37
Acquisitions, Goodwill		9,530
Divestitures, Goodwill		(475)
Balance at December 31, Goodwill	37,297	37,856
Balance at January 1, Intangible Assets, at cost	26,279	13,540
Foreign currency, Intangible Assets, at Cost	(567)	48
Acquisitions, Intangible Assets, at cost		12,907
Divestitures, Intangible Assets, at cost		(168)
Asset impairments, Intangible Assets, at cost		(43)
Other, Intangible Assets, at cost		(5)
Balance at December 31,Intangible Assets, at cost	$ 25,712	$ 26,279

Integration Program And Cost Savings Initiatives (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Restructuring Cost and Reserve [Line Items]
Charges incurred	$ (37,000,000)
Integration Program [Member]
Restructuring Cost and Reserve [Line Items]
Expected cost savings to be recognized	800,000,000	750,000,000
Restructuring and related cost, expected cost	1,500,000,000
Charges incurred	521,000,000	657,000,000
Restructuring and related cost, costs incurred to date	1,200,000,000
Cost Savings Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred	$ 64,000,000	$ 170,000,000	$ 318,000,000

Amount of costs incurred to date for the specified type of restructuring cost.

+ References+ Details

Amount expected to be charged against earnings in the current and future periods for the specified restructuring cost.

+ References+ Details

Integration Program And Cost Savings Initiatives (Schedule Of Changes In The Integration Program Liability) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Restructuring Cost and Reserve [Line Items]
Charges	$ (37)
Integration Program [Member]
Restructuring Cost and Reserve [Line Items]
Balance at January 1	406
Liability assumed upon acquisition		228
Charges	521	657
Cash spent	(554)	(463)
Asset impairments		(13)
Currency / other	(27)	(3)
Balance at December 31	$ 346	$ 406

The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

+ References+ Details

Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring cost.

+ References+ Details

Debt And Borrowing Arrangements (Short-Term Borrowings) (Narrative) (Details)			0 Months Ended		3 Months Ended
	Dec. 31, 2011 International Subsidiaries [Member] USD ($)	Dec. 31, 2010 International Subsidiaries [Member] USD ($)	Apr. 02, 2010 Revolving Credit Facility [Member] USD ($)	Dec. 31, 2011 Revolving Credit Facility [Member] USD ($)	Mar. 31, 2010 Bridge Loan [Member] USD ($)	Mar. 31, 2010 Bridge Loan [Member] GBP (£)
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 2,300,000,000	$ 2,400,000,000	$ 4,500,000,000
Line of credit facility expiration date			April 2015
Revolving credit facility debt covenant			28,600,000,000
Total shareholders' equity, excluding accumulated other comprehensive earnings / (losses)				41,900,000,000
Amounts drawn on facility	182,000,000	267,000,000
Cadbury Bridge Facility, amount borrowed						807,000,000
Repayments of bridge loan, under Cadbury Bridge Facility					$ 1,205,000,000

The cash outflow attributable to repayments of borrowings not otherwise defined in the taxonomy (having initial terms of repayment within one year or the normal operating cycle, if longer).

+ References+ Details

Debt And Borrowing Arrangements (Long-Term Debt) (Narrative) (Details)	0 Months Ended				1 Months Ended	12 Months Ended				0 Months Ended
	Nov. 01, 2011 USD ($)	Dec. 20, 2010 USD ($)	Dec. 20, 2010 GBP (£)	Aug. 11, 2010 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2011 Floating Rate Notes Due 2013 [Member] USD ($)	Dec. 29, 2010 6.25% Notes Due 2012 [Member] USD ($)	Dec. 29, 2010 5.625% Notes Due 2011 [Member] USD ($)
Debt Instrument [Line Items]
Debt instrument, issuance date									January 10, 2012
Floating rate notes issued									$ 800,000,000
Maturity date									2013	2012	2011
Interest rate, percentage added to three-month London Inter-Bank Offered Rate									0.875%
Net proceeds from the issuance									798,800,000
Repurchase of notes										600,000,000	900,000,000
Long-term debt repaid	1,100,000,000	119,000,000	77,000,000	500,000,000		1,114,000,000	2,134,000,000	968,000,000
Aggregate consideration paid for repurchase of notes					$ 1,596,000,000

Including current and noncurrent portions, aggregate carrying amount of long-term borrowings as of the balance sheet date before deducting unamortized discount or premiums (if any). May include notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, which had initial maturities beyond one year or beyond the normal operating cycle, if longer.

+ References+ Details

The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.

+ References+ Details

Debt And Borrowing Arrangements (Senior Unsecured Note Terms) (Narrative) (Details) (Cadbury [Member], USD $)	0 Months Ended
	Feb. 08, 2010
Debt Instrument [Line Items]
Price percentage to the aggregate principal amount, purchase offer	101.00%
$9.5 Billion 5.364% Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	February 8, 2010
Senior unsecured notes issued	$ 9,500,000,000
Weighted-average effective rate	5.364%
Proceeds from issuance of unsecured debt	9,379,000,000
5.375% Notes Due February 10, 2020 [Member]
Debt Instrument [Line Items]
Senior unsecured notes issued	3,750,000,000
Debt Instrument, Maturity Date	Feb. 10, 2020
Debt instrument, interest rate, stated percentage	5.375%
Date of first semi-annual payment	August 10, 2010
6.500% Notes Due February 9, 2040 [Member]
Debt Instrument [Line Items]
Senior unsecured notes issued	3,000,000,000
Debt Instrument, Maturity Date	Feb. 09, 2040
Debt instrument, interest rate, stated percentage	6.50%
Date of first semi-annual payment	August 9, 2010
4.125% Notes Due February 9, 2016 [Member]
Debt Instrument [Line Items]
Senior unsecured notes issued	1,750,000,000
Debt Instrument, Maturity Date	Feb. 09, 2016
Debt instrument, interest rate, stated percentage	4.125%
Date of first semi-annual payment	August 9, 2010
2.625% Notes Due May 8, 2013 [Member]
Debt Instrument [Line Items]
Senior unsecured notes issued	$ 1,000,000,000
Debt Instrument, Maturity Date	May 08, 2013
Debt instrument, interest rate, stated percentage	2.625%
Date of first semi-annual payment	November 8, 2010

The cash inflow from the issuance of long-term debt that is not secured by collateral. Excludes proceeds from tax exempt unsecured debt.

+ References+ Details

Debt And Borrowing Arrangements (Debt Acquired From Cadbury Acquisition) (Narrative) (Details) In Millions, unless otherwise specified		0 Months Ended					0 Months Ended				0 Months Ended
	Feb. 02, 2010 Cadbury [Member] USD ($)	Feb. 02, 2010 4.875% Notes Due December 20, 2010 [Member] Cadbury [Member] USD ($)	Feb. 02, 2010 4.875% Notes Due December 20, 2010 [Member] Cadbury [Member] GBP (£)	Feb. 02, 2010 C$150 Million Canadian Bank Loan Agreement Expiring August 30, 2012 [Member] Cadbury [Member] USD ($)	Feb. 02, 2010 C$150 Million Canadian Bank Loan Agreement Expiring August 30, 2012 [Member] Cadbury [Member] CAD	Dec. 31, 2011 C$150 Million Canadian Bank Loan Agreement Expiring August 30, 2012 [Member] Cadbury [Member]	Feb. 02, 2010 5.125% Notes Due October 1, 2013 [Member] Cadbury [Member]	Feb. 02, 2010 5.375% Notes Due December 11, 2014 [Member] Cadbury [Member] USD ($)	Feb. 02, 2010 5.375% Notes Due December 11, 2014 [Member] Cadbury [Member] GBP (£)	Dec. 29, 2010 6.25% Notes Due 2012 [Member] USD ($)	Feb. 02, 2010 7.250% Notes Due July 18, 2018 [Member] Cadbury [Member] USD ($)	Feb. 02, 2010 7.250% Notes Due July 18, 2018 [Member] Cadbury [Member] GBP (£)
Debt Instrument [Line Items]
Debt acquired in acquisition	$ 2,437	$ 123	£ 77	$ 140	150			$ 499	£ 300	$ 600	$ 626	£ 350
Debt maturity date		Dec. 20, 2010	Dec. 20, 2010	Aug. 30, 2012	Aug. 30, 2012		Oct. 01, 2013	Dec. 11, 2014	Dec. 11, 2014		Jul. 18, 2018	Jul. 18, 2018
Debt instrument, interest rate, stated percentage		4.875%	4.875%			1.507%	5.125%	5.375%	5.375%		7.25%	7.25%

+ References+ Details

Debt And Borrowing Arrangements (Short-Term Borrowings) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Short-term Debt [Line Items]
Amount Outstanding	$ 182	$ 750
Average Year-End Rate
Commercial Paper [Member]
Short-term Debt [Line Items]
Amount Outstanding		483
Average Year-End Rate		0.50%
Bank Loans [Member]
Short-term Debt [Line Items]
Amount Outstanding	$ 182	$ 267
Average Year-End Rate	10.70%	6.30%

Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.

+ References+ Details

Debt And Borrowing Arrangements (Long-Term Debt) (Details) (USD $) In Millions, unless otherwise specified			12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2011 Euro Notes [Member]	Dec. 31, 2011 Pound Sterling Notes [Member]
Debt Instrument [Line Items]
Notes	$ 21,766	$ 22,872
Euro notes	3,690	3,808
Sterling notes	1,074	1,091
Other foreign currency obligations	178	158
Capital lease and other	41	45
Total	26,749	27,974
Less current portion of long-term debt	(3,654)	(1,115)
Long-term debt	$ 23,095	$ 26,859
Debt instrument, interest rate, effective percentage rate range, minimum			2.63%	5.75%	5.38%
Debt instrument, interest rate, effective percentage rate range, maximum			7.55%	6.25%	7.25%
Debt instrument, interest rate, effective percentage rate range, average			5.87%	5.98%	4.94%
Maturity date			2040	2015	2018

Debt And Borrowing Arrangements (Aggregate Maturities Of Long-Term Debt) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011
Debt And Borrowing Arrangements [Abstract]
2012	$ 3,654
2013	3,563
2014	971
2015	1,506
2016	1,773
Thereafter	$ 15,308

Debt And Borrowing Arrangements (Interest And Other Expense, Net) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Debt And Borrowing Arrangements [Abstract]
Interest expense, debt	$ 1,645	$ 1,790	$ 1,260
Acquisition-related financing fees		251
Other expense / (income), net	240	(17)	(23)
Total interest and other expense, net	1,885	2,024	1,237
Other expense related to interest rate swaps	$ 157

Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet.

+ References+ Details

Capital Stock (Narrative) (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2011 Common Class B [Member]	Dec. 31, 2010 Common Class B [Member]	Dec. 31, 2009 Common Class B [Member]
Class of Stock [Line Items]
Common Stock, shares authorized		5,000,000,000
Preferred Stock, shares authorized		500,000,000
Common Stock, shares issued	1,996,537,778	1,996,537,778	0	0	0
Common Stock, shares outstanding			0	0	0
Common stock reserved for stock option and other stock awards		115,094,789
Class A Common Stock, shares issued, Cadbury Acquisition	262,000,000
Fair value of Class A common stock issued in Cadbury Acquisition	$ 7,457

Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.

+ References+ Details

Number of shares of stock issued during the period pursuant to acquisitions.

+ References+ Details

Value of stock issued pursuant to acquisitions during the period.

+ References+ Details

Capital Stock (Authorized Common Stock Repurchase Programs) (Details)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Class of Stock [Line Items]
Common Stock, Shares Issued, Ending Balance	1,996,537,778	1,996,537,778
Common Class A [Member]
Class of Stock [Line Items]
Common Stock, Shares Issued, Beginning Balance	1,996,537,778	1,735,000,000	1,735,000,000
Common Stock, Treasury Shares, Beginning Balance	(248,471,229)	(257,115,097)	(265,698,560)
Common Stock, Shares Outstanding, Beginning Balance	1,748,066,549	1,477,884,903	1,469,301,440
Exercise Of Stock Options And Issuance Of Other Stock Awards
Exercise of stock options and issuance of other stock awards, Treasury Shares	19,830,140	8,643,868	8,583,463
Shares issued		261,537,778
Exercise of stock options and issuance of other stock awards, Shares Outstanding	19,830,140	8,643,868	8,583,463
Shares issued, Shares Outstanding		261,537,778
Common Stock, Shares Issued, Ending Balance	1,996,537,778	1,996,537,778	1,735,000,000
Common Stock, Treasury Shares, Ending Balance	(228,641,089)	(248,471,229)	(257,115,097)
Common Stock, Shares Outstanding, Ending Balance	1,767,896,689	1,748,066,549	1,477,884,903

+ References+ Details

Number of new stock issued during the period.

+ References+ Details

Stock Plans (Narrative) (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended						1 Months Ended										12 Months Ended
	Dec. 31, 2011 years	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2011 Restricted And Deferred Stock [Member] years	Dec. 31, 2010 Restricted And Deferred Stock [Member]	Dec. 31, 2009 Restricted And Deferred Stock [Member]	Jan. 31, 2011 Long-Term Incentive Plan [Member]	Jan. 31, 2010 Long-Term Incentive Plan [Member]	Jan. 31, 2009 Long-Term Incentive Plan [Member]	Feb. 28, 2011 Annual Equity Program [Member]	Feb. 28, 2010 Annual Equity Program [Member]	Feb. 28, 2009 Annual Equity Program [Member]	Dec. 31, 2011 2005 Plan [Member]	Dec. 31, 2011 2005 Plan [Member] Restricted And Deferred Stock [Member]	Dec. 31, 2011 2006 Directors Plan [Member]	Dec. 31, 2011 Maximum [Member] 2006 Directors Plan [Member]	Dec. 31, 2011 Stock Options [Member]	Dec. 31, 2010 Stock Options [Member]	Dec. 31, 2009 Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to be issued under stock option plan													168,000,000
Shares available to be granted													56,752,061	19,886,997	789,603	1,000,000
Exercisable options maximum term, years		10
Compensation expense				$ 132	$ 128	$ 133											$ 49	$ 46	$ 31
Deferred tax benefit related to compensation expense				41	39	44											15	15	11
Unamortized compensation expense related to our stock options	67			164
Stock options granted to eligible employees	16,319,790	18,100,000								15,800,000	15,000,000	16,300,000
Stock options granted to eligible employees, exercise price	$ 31.81	$ 29.24								$ 31.83	$ 29.15	$ 23.64
Intrinsic value of stock options exercised	98	92	72
Cash received from options exercised	486	134	79
Actual tax benefit realized for the tax deductions from the option exercises	40	60	52
Unamortized compensation expense recognition period	2			2
Weighted-average grant date fair value of restricted and deferred stock granted				162	167	143
Vesting date fair value of restricted and deferred stock				$ 135	$ 117	$ 153
Granted shares	5,070,012	5,800,000	5,800,000				1,500,000	1,700,000	1,500,000	2,600,000	2,500,000	4,100,000
Granted shares fair value, per share	$ 31.97	$ 28.82	$ 24.68	$ 31.97	$ 28.82	$ 24.68	$ 31.62	$ 27.33	$ 27.00	$ 31.83	$ 29.15	$ 23.64

Stock Plans (Weighted-Average Black-Scholes Fair Value Assumptions) (Details) (USD $)	12 Months Ended
	Dec. 31, 2011 years	Dec. 31, 2010 years	Dec. 31, 2009 years
Stock Plans [Abstract]
Risk-Free Interest Rate	2.34%	2.82%	2.46%
Expected Life (in years)	6	6	6
Expected Volatility	18.92%	19.86%	21.36%
Expected Dividend Yield	3.72%	4.14%	4.90%
Fair Value at Grant Date	$ 3.84	$ 3.69	$ 2.68

The period of time an equity-based award is expected to be outstanding. An equity-based award's expected term is generally determined based on, among other factors, the instrument's contractual term and the effects of employees' expected exercise and post-vesting employment termination behavior.

+ References+ Details

The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period.

+ References+ Details

Stock Plans (Stock Option Activity) (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Stock Plans [Abstract]
Shares Subject to Option, Beginning balance	54,236,161
Shares Subject to Option, Options granted	16,319,790	18,100,000
Shares Subject to Option, Options exercised	(17,693,101)
Shares Subject to Option, Options cancelled	(3,263,983)
Shares Subject to Option, Ending balance	49,598,867	54,236,161
Shares Subject to Option, Exercisable	18,876,266
Weighted-Average Exercise Price, Beginning balance	$ 27.71
Weighted-Average Exercise Price, Options granted	$ 31.81	$ 29.24
Weighted-Average Exercise Price, Options exercised	$ 28.00
Weighted-Average Exercise Price, Options cancelled	$ 29.27
Weighted-Average Exercise Price, Ending balance	$ 28.87	$ 27.71
Weighted-Average Exercise Price, Exercisable	$ 27.21
Average Remaining Contractual Term, Ending balance	8
Average Remaining Contractual Term, Exercisable	7
Aggregate Intrinsic Value, Ending balance	$ 426
Aggregate Intrinsic Value, Exercisable	$ 189

Stock Plans (Restricted And Deferred Stock Activity) (Details) (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Stock Plans [Abstract]
Number of Shares, Beginning balance	14,221,494
Number of Shares, Granted	5,070,012	5,800,000	5,800,000
Number of Shares, Vested	(4,353,760)
Number of Shares, Forfeited	(1,320,573)
Number of Shares, Ending balance	13,617,173	14,221,494
Weighted-Average Grant Date Fair Value Per Share, Beginning balance	$ 27.84
Weighted-Average Grant Date Fair Value Per Share, Granted	$ 31.97	$ 28.82	$ 24.68
Weighted-Average Grant Date Fair Value Per Share, Vested	$ 30.35
Weighted-Average Grant Date Fair Value Per Share, Forfeited	$ 29.30
Weighted-Average Grant Date Fair Value Per Share, Ending balance	$ 28.43	$ 27.84

The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).

+ References+ Details

The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.

+ References+ Details

The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.

+ References+ Details

The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.

+ References+ Details

Benefit Plans (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Defined Benefit Plan Disclosure [Line Items]
Increase/Decrease in benefit obligation		$ 23
Pension plans resulted in net pension liability	3,624	2,345
Plan assets related to certain insurance contracts	152	155
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Increase/Decrease in benefit obligation			168
Accumulated benefit obligation	6,971	6,208
Settlement losses	105	118	107
Curtailment charge		5
Estimated future employer contributions	55
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation	9,207	8,549
Curtailment and settlement losses	8	11	8
Special termination benefit	6
Allocation on equity securities	40.00%
Allocation on fixed-income securities	46.00%
Allocation on real estate/other	14.00%
Contributions	361
Employees contribution	26
Estimated future employer contributions	425
U.S. And International Investment Grade Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation on fixed-income securities	95.00%
Bakery And Confectionery Union And Industry International Pension Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions	25
Multiemployer pension plans	24	24	23
Individually Insignificant Multiemployer Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Multiemployer pension plans	8	6	6
Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average discount rate	4.29%	5.02%
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated from experience differences	475
Estimated prior service cost	9
Fair value of plan assets	13,277	13,098
Voluntary contributions	495
Multiemployer pension plans	32	30	29
Expense for defined contribution plans	114	104	94
Pension Plans [Member] \| U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation on equity securities	70.00%
Allocation on debt securities	30.00%
Fair value of plan assets	5,829	5,800	5,496
Contributions	538	85
Weighted-average discount rate	4.85%	5.53%
Increase in compensation cost	4.00%	4.00%
Pension Plans [Member] \| Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	7,600	7,453	3,397
Contributions	387	326
Weighted-average discount rate	4.62%	5.11%
Increase in compensation cost	3.58%	3.68%
Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated from experience differences	77
Estimated prior service cost	32
Multiemployer pension plans	36	35	35
Current portion of our accrued postretirement benefit obligation	215	217
Postemployment Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Canadian postemployment plan, net liability	29
Weighted-average discount rate	5.20%	6.30%
Ultimate annual turnover rate	0.50%	0.50%
Increase in compensation cost	4.00%	4.00%
Hedge Funds [Member] \| Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	387
Cash and Cash Equivalents [Member] \| Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 119

Benefit Plans (Funded Status Of Pension Plans) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at December 31	$ 13,277	$ 13,098
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Curtailment gain			5
U.S. Pension Plans [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit obligation at January 1	6,703	6,195
Service cost	146	145	152
Interest cost	364	368	369
Benefits paid	(304)	(322)
Settlements paid	(187)	(244)
Curtailment gain	(3)	(23)
Actuarial losses	744	368
Acquisition		206
Other	9	10
Accrued benefit obligation at December 31	7,472	6,703	6,195
Fair value of plan assets at January 1	5,800	5,496
Actual return on plan assets	(18)	671
Contributions	538	85
Benefits paid	(304)	(322)
Settlements paid	(187)	(244)
Acquisition		114
Fair value of plan assets at December 31	5,829	5,800	5,496
Net pension liability recognized at December 31	(1,643)	(903)
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Contributions	361
Non-U.S. Pension Plans [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit obligation at January 1	8,895	4,401
Service cost	170	162	67
Interest cost	458	419	215
Benefits paid	(470)	(462)
Settlements paid		(49)
Curtailment gain	(1)	(3)
Actuarial losses	588	265
Acquisition		4,375
Currency	(95)	(164)
Other	36	(49)
Accrued benefit obligation at December 31	9,581	8,895	4,401
Fair value of plan assets at January 1	7,453	3,397
Actual return on plan assets	284	624
Contributions	387	326
Benefits paid	(470)	(462)
Settlements paid		(49)
Acquisition		3,702
Currency	(54)	(84)
Other		(1)
Fair value of plan assets at December 31	7,600	7,453	3,397
Net pension liability recognized at December 31	$ (1,981)	$ (1,442)

Benefit Plans (Pension Plans Resulted In Net Pension Liability) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Benefit Plans [Abstract]
Prepaid pension assets	$ 31	$ 86
Other accrued liabilities	(58)	(49)
Accrued pension costs	(3,597)	(2,382)
Total	$ (3,624)	$ (2,345)

This represents the noncurrent liability recognized in the balance sheet that is associated with the defined benefit pension plans.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 6

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.24)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6410544&loc=d3e1703-114919

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2410-114920

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2417-114920

+ Details

This represents the entire assets recognized in the balance sheet that are associated with the defined benefit plans.

+ References+ Details

Benefit Plans (Projected Benefit Obligations, Accumulated Benefit Obligations And Fair Value Of Plan Assets) (Details) (Pension Plans [Member], USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 7,472	$ 5,097
Accumulated benefit obligation	6,971	4,627
Fair value of plan assets	5,829	4,156
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	9,314	7,934
Accumulated benefit obligation	8,962	7,668
Fair value of plan assets	$ 7,313	$ 6,471

If aggregate disclosures are presented, the aggregate pension accumulated benefit obligation for pension plans with accumulated benefit obligations in excess of plan assets as of the measurement date of each statement of financial position presented.

+ References+ Details

If aggregate disclosures are presented, the aggregate fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets as of the measurement date of each statement of financial position presented.

+ References+ Details

If aggregate disclosures are presented, the aggregate projected benefit obligation for pension plans with accumulated benefit obligations in excess of plan assets as of the measurement date of each statement of financial position presented.

+ References+ Details

Benefit Plans (Weighted-Average Assumptions To Determine Our Benefit Obligations) (Details) (Pension Plans [Member])	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.85%	5.53%
Expected rate of return on plan assets	8.00%	7.95%
Rate of compensation increase	4.00%	4.00%
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.62%	5.11%
Expected rate of return on plan assets	6.47%	6.77%
Rate of compensation increase	3.58%	3.68%

Benefit Plans (Components Of Net Pension Cost) (Details) (Pension Plans [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 146	$ 145	$ 152
Interest cost	364	368	369
Expected return on plan assets	(496)	(490)	(486)
Net loss from experience differences	225	170	160
Prior service cost	7	6	6
Other expenses	105	123	112
Net cost	351	322	313
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	170	162	67
Interest cost	458	419	215
Expected return on plan assets	(536)	(467)	(242)
Net loss from experience differences	101	77	23
Prior service cost	2	7	6
Other expenses	14	11	8
Net cost	$ 209	$ 209	$ 77

An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph h

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 106

-Paragraph 518

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 87

-Paragraph 264

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (h)(3)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Expected Return on Plan Assets

-URI http://asc.fasb.org/extlink&oid=6512136

-Topic 715

-SubTopic 30

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Expected Return on Plan Assets

-URI http://asc.fasb.org/extlink&oid=6512171

-Topic 715

-SubTopic 60

+ Details

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

+ References+ Details

The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan.

+ Details

Benefit Plans (Weighted-Average Assumptions To Determine Our Net Pension Cost) (Details) (Pension Plans [Member])	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.53%	5.85%	6.10%
Expected rate of return on plan assets	7.95%	7.99%	8.00%
Rate of compensation increase	4.00%	3.98%	4.00%
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.11%	5.21%	6.41%
Expected rate of return on plan assets	6.77%	6.68%	7.25%
Rate of compensation increase	3.68%	3.59%	3.09%

An assumption as to the rate of return on plan assets reflecting the average rate of earnings expected on the funds invested or to be invested to provide for the benefits included in the benefit obligation.

+ References+ Details

Benefit Plans (Fair Value Of Pension Plan Assets) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	$ 1,411	$ 1,377	$ 5
Non-U.S. Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total			1
Pooled Funds - Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	7
Corporate Bonds And Other Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	758	751	2
Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	255	250
Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	391	376	2
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	13,277	13,098
Pension Plans [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	3,526	3,498
Pension Plans [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	8,340	8,223
Pension Plans [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,411	1,377
Pension Plans [Member] \| U.S. Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	272	280
Pension Plans [Member] \| U.S. Equity Securities [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	266	276
Pension Plans [Member] \| U.S. Equity Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	6	4
Pension Plans [Member] \| Non-U.S. Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,666	1,915
Pension Plans [Member] \| Non-U.S. Equity Securities [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,664	1,912
Pension Plans [Member] \| Non-U.S. Equity Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	2	3
Pension Plans [Member] \| Pooled Funds - Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	4,755	4,971
Pension Plans [Member] \| Pooled Funds - Equity Securities [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	485	281
Pension Plans [Member] \| Pooled Funds - Equity Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	4,270	4,690
Pension Plans [Member] \| Total Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	6,693	7,166
Pension Plans [Member] \| Total Equity Securities [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	2,415	2,469
Pension Plans [Member] \| Total Equity Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	4,278	4,697
Pension Plans [Member] \| Government Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,170	1,405
Pension Plans [Member] \| Government Bonds [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	571	731
Pension Plans [Member] \| Government Bonds [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	599	674
Pension Plans [Member] \| Pooled Funds - Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,515	1,893
Pension Plans [Member] \| Pooled Funds - Fixed Income Securities [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	230	52
Pension Plans [Member] \| Pooled Funds - Fixed Income Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	1,278	1,841
Pension Plans [Member] \| Pooled Funds - Fixed Income Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	7
Pension Plans [Member] \| Corporate Bonds And Other Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	3,019	1,749
Pension Plans [Member] \| Corporate Bonds And Other Fixed Income Securities [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	100	5
Pension Plans [Member] \| Corporate Bonds And Other Fixed Income Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	2,161	993
Pension Plans [Member] \| Corporate Bonds And Other Fixed Income Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	758	751
Pension Plans [Member] \| Total Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	5,704	5,047
Pension Plans [Member] \| Total Fixed Income Securities [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	901	788
Pension Plans [Member] \| Total Fixed Income Securities [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	4,038	3,508
Pension Plans [Member] \| Total Fixed Income Securities [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	765	751
Pension Plans [Member] \| Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	351	343
Pension Plans [Member] \| Real Estate [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	91	86
Pension Plans [Member] \| Real Estate [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	5	7
Pension Plans [Member] \| Real Estate [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	255	250
Pension Plans [Member] \| Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	529	542
Pension Plans [Member] \| Other [Member] \| Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	119	155
Pension Plans [Member] \| Other [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	19	11
Pension Plans [Member] \| Other [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	$ 391	$ 376

Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets.

+ References+ Details

Benefit Plans (Schedule Of Changes In Level 3 Plan Assets) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Pooled Funds - Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Net Transfers Into/(Out of) Level 3	$ 8
Currency Impact	(1)
Fair value of plan assets at December 31	7
Non-U.S. Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1		1
Net Purchases, Issuances and Settlements		(1)
Corporate Bonds And Other Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	751	2
Net Realized and Unrealized Gains/(Losses)	105	23
Net Purchases, Issuances and Settlements	(95)	(44)
Net Transfers Into/(Out of) Level 3	1	789
Currency Impact	(4)	(19)
Fair value of plan assets at December 31	758	751
Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	250
Net Realized and Unrealized Gains/(Losses)	(15)	34
Net Purchases, Issuances and Settlements	19	(1)
Net Transfers Into/(Out of) Level 3		220
Currency Impact	1	(3)
Fair value of plan assets at December 31	255	250
Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	376	2
Net Realized and Unrealized Gains/(Losses)	10	29
Net Purchases, Issuances and Settlements	7	12
Net Transfers Into/(Out of) Level 3		341
Currency Impact	(2)	(8)
Fair value of plan assets at December 31	391	376
Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets at January 1	1,377	5
Net Realized and Unrealized Gains/(Losses)	100	86
Net Purchases, Issuances and Settlements	(69)	(34)
Net Transfers Into/(Out of) Level 3	9	1,350
Currency Impact	(6)	(30)
Fair value of plan assets at December 31	$ 1,411	$ 1,377

The difference between fair value of plan assets at the end of the period and the fair value at the beginning of the period, adjusted for contributions and payments of benefits during the period, and after adjusting for taxes and other expenses, as applicable.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 106

-Paragraph 518

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 87

-Paragraph 264

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Actual Return on Plan Assets (Component of Net Periodic Pension Cost)

-URI http://asc.fasb.org/extlink&oid=6504226

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Actual Return on Plan Assets (Component of Net Periodic Postretirement Benefit Cost)

-URI http://asc.fasb.org/extlink&oid=6504192

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (b)(1)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph d(iv)(b)(i)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

+ References+ Details

Benefit Plans (Percentage Of Fair Value Of Pension Plan Assets) (Details)	Dec. 31, 2011	Dec. 31, 2010
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Equity securities	66.00%	69.00%
Fixed-income securities	33.00%	31.00%
Real estate	1.00%
Total	100.00%	100.00%
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Equity securities	38.00%	41.00%
Fixed-income securities	51.00%	47.00%
Real estate	4.00%	5.00%
Other	7.00%	7.00%
Total	100.00%	100.00%

Benefit Plans (Future Benefit Payments For Pension Plans) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011
U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
2012	$ 467
2013	454
2014	444
2015	462
2016	483
2017-2021	2,797
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
2012	464
2013	469
2014	474
2015	489
2016	505
2017-2021	$ 2,696

Benefit Plans (Benefit Obligation Of Postretirement Benefit Plans) (Details) (Postretirement Benefit Plans [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit obligation at January 1	$ 3,263	$ 3,032
Service cost	36	39	35
Interest cost	165	172	174
Benefits paid	(221)	(213)
Plan amendments	(5)	(7)
Currency	(3)	10
Assumption changes	254	147
Actuarial (gains) / losses	(36)	42
Acquisition		41
Accrued benefit obligation at December 31	$ 3,453	$ 3,263	$ 3,032

Benefit Plans (Weighted-Average Assumptions To Determine Our Postretirement Benefit Obligations) (Details)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.70%	5.30%
Health care cost trend rate assumed for next year	7.00%	7.50%
Ultimate trend rate	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2016	2016
Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.29%	5.02%
Health care cost trend rate assumed for next year	7.42%	8.83%
Ultimate trend rate	5.53%	6.00%
Year that the rate reaches the ultimate trend rate	2016	2017

The assumed health care cost trend rate for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges). This is based upon the annual rate of change in the cost of health care benefits currently provided by the postretirement benefit plan, due to factors other than changes in the composition of the plan population by age and dependency status.

+ References+ Details

Benefit Plans (One-Percentage-Point Change In Assumed Health Care Cost Trend Rates) (Details)	12 Months Ended
	Dec. 31, 2011
Benefit Plans [Abstract]
Effect on total of service and interest cost, Increase	12.80%
Effect on postretirement benefit obligation, Increase	10.70%
Effect on total of service and interest cost, Decrease	(10.50%)
Effect on postretirement benefit obligation, Decrease	(9.00%)

Benefit Plans (Components Of Net Postretirement Health Care Costs) (Details) (Postretirement Benefit Plans [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Postretirement Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 36	$ 39	$ 35
Interest cost	165	172	174
Net loss from experience differences	60	55	44
Prior service cost	(32)	(32)	(32)
Net cost	$ 229	$ 234	$ 221

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

+ References+ Details

+ Details

Benefit Plans (Postretirement Cost) (Details)	12 Months Ended
Benefit Plans (Postretirement Cost) (Details)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.30%	5.70%	6.10%
Health care cost trend rate	7.50%	7.00%	7.00%
Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	5.02%	5.28%	7.60%
Health care cost trend rate	8.83%	8.79%	9.00%

Benefit Plans (Future Benefit Payments For Postretirement Health Care Plans) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011
U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
2012	$ 210
2013	211
2014	212
2015	212
2016	210
2017-2021	1,035
Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
2012	12
2013	12
2014	12
2015	13
2016	13
2017-2021	$ 73

Benefit Plans (Benefit Obligations Of The Plans And Net Amount Accrued) (Details) (Postemployment Benefit Plans [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Postemployment Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued benefit obligation at January 1	$ 140	$ 116
Service cost	11	9	8
Interest cost	9	10	8
Benefits paid	(40)	(24)
Assumption changes	4	(8)
Actuarial losses / (gains)	13	(12)
Acquisition		49
Other / currency	29
Accrued benefit obligation at December 31	$ 166	$ 140	$ 116

The net increase or decrease of changes in the value of either the benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption, or the consequence of a decision to temporarily deviate from the substantive plan.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 106

-Paragraph 518

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 87

-Paragraph 264

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Gain or Loss

-URI http://asc.fasb.org/extlink&oid=6514294

-Topic 715

-SubTopic 30

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (a)(4)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Gain or Loss

-URI http://asc.fasb.org/extlink&oid=6749293

-Topic 715

-SubTopic 60

+ Details

1) For defined benefit pension plans, the benefit obligation is the projected benefit obligation, which is the actuarial present value as of a date of all benefits attributed by the pension benefit formula to employee service rendered prior to that date. 2) For other postretirement defined benefit plans, the benefit obligation is the accumulated postretirement benefit obligation, which is the actuarial present value of benefits attributed to employee service rendered to a particular date.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 6

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph E1

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Projected Benefit Obligation

-URI http://asc.fasb.org/extlink&oid=6522206

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Accumulated Postretirement Benefit Obligation

-URI http://asc.fasb.org/extlink&oid=6503904

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

+ Details

The amount of payments made for which participants are entitled under a pension plan, including pension benefits, death benefits, and benefits due on termination of employment. Also includes payments made under a postretirement benefit plan, including prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. This item represents a periodic decrease to the plan obligations and a decrease to plan assets.

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 106

-Paragraph 518

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 87

-Paragraph 264

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS106-2

-Paragraph 22

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph a, b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Postretirement Benefits

-URI http://asc.fasb.org/extlink&oid=6521376

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 60

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39716-114964

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (b)(5)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Benefits

-URI http://asc.fasb.org/extlink&oid=6506267

-Topic 715

-SubTopic 30

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (a)(6)

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Benefits

-URI http://asc.fasb.org/extlink&oid=6506309

-Topic 715

-SubTopic 60

+ Details

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

+ References+ Details

+ Details

Benefit Plans (Components Of Net Postemployment Costs) (Details) (Postemployment Benefit Plans [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Postemployment Benefit Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 11	$ 9	$ 8
Interest cost	9	10	8
Amortization of net (gains) / losses	(2)	(2)	2
Other	33
Net cost	$ 51	$ 17	$ 18

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

+ References+ Details

+ Details

Financial Instruments (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Commodity Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transactions	17 months
Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transactions	31 years 4 months
Recognized loss, related to several interest rate swaps	$ 157
Foreign Exchange Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Hedged forecasted transactions	12 months
Cash Flow Hedges [Member] \| Commodity Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months	(19)
Cash Flow Hedges [Member] \| Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months	(10)
Cash Flow Hedges [Member] \| Foreign Exchange Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Expected transfers of unrealized gains (losses) to earnings, within next 12 months	$ 68

Financial Instruments (Fair Value Of Derivative Instruments) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 583	$ 438
Liability Derivatives	979	316
Derivatives Designated As Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	92	156
Liability Derivatives	551	133
Derivatives Designated As Hedging Instrument [Member] \| Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	76	24
Liability Derivatives	5	115
Derivatives Designated As Hedging Instrument [Member] \| Commodity Contracts [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	14	74
Liability Derivatives	27	5
Derivatives Designated As Hedging Instrument [Member] \| Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	2	58
Liability Derivatives	519	13
Derivatives Not Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	491	282
Liability Derivatives	428	183
Derivatives Not Accounted For As Hedges [Member] \| Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	13	21
Liability Derivatives	5	48
Derivatives Not Accounted For As Hedges [Member] \| Commodity Contracts [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	392	202
Liability Derivatives	372	114
Derivatives Not Accounted For As Hedges [Member] \| Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	86	59
Liability Derivatives	$ 51	$ 21

Fair value of derivative asset, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.

+ References+ Details

Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position.

+ References+ Details

Financial Instruments (Schedule Of Derivative Instruments Fair Values And Measurement Inputs) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Derivative [Line Items]
Total derivatives	$ (396)	$ 122
Foreign Exchange Contracts [Member]
Derivative [Line Items]
Total derivatives	79	(118)
Commodity Contracts [Member]
Derivative [Line Items]
Total derivatives	7	157
Interest Rate Contracts [Member]
Derivative [Line Items]
Total derivatives	(482)	83
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Derivative [Line Items]
Total derivatives	(41)	129
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] \| Commodity Contracts [Member]
Derivative [Line Items]
Total derivatives	(41)	129
Significant Other Observable Inputs (Level 2) [Member]
Derivative [Line Items]
Total derivatives	(355)	(7)
Significant Other Observable Inputs (Level 2) [Member] \| Foreign Exchange Contracts [Member]
Derivative [Line Items]
Total derivatives	79	(118)
Significant Other Observable Inputs (Level 2) [Member] \| Commodity Contracts [Member]
Derivative [Line Items]
Total derivatives	48	28
Significant Other Observable Inputs (Level 2) [Member] \| Interest Rate Contracts [Member]
Derivative [Line Items]
Total derivatives	$ (482)	$ 83

Financial Instruments (Schedule Of Cash Flow Hedges Effect On Accumulated Other Comprehensive Income, Net Of Taxes) (Details) (Cash Flow Hedges [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Cash Flow Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated gain / (loss) at January 1	$ 79	$ 101	$ (23)
Transfer of realized (gains) / losses in fair value to earnings	72	(25)	111
Unrealized gain / (loss) in fair value	(448)	3	13
Accumulated gain / (loss) at December 31	$ (297)	$ 79	$ 101

Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses.

+ References+ Details

The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments.

+ References+ Details

The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period.

+ References+ Details

Financial Instruments (Effects Of Cash Flow Hedges) (Details) (Cash Flow Hedges [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in OCI	$ (448)	$ 3	$ 13
(Gain) / Loss Reclassified from AOCI into Earnings	(72)	25	(111)
Gain / (Loss) on Ineffectiveness Recognized in Earnings	(4)	(6)	12
Gain/(Loss) on Amount Excluded from Effectiveness Testing Recognized in Earnings	(169)	3	1
Foreign Exchange Contracts [Member] \| Intercompany Loans [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in OCI	1	2	(12)
(Gain) / Loss Reclassified from AOCI into Earnings	2	10
Gain / (Loss) on Ineffectiveness Recognized in Earnings
Foreign Exchange Contracts [Member] \| Forecasted Transactions [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in OCI	8	17	(40)
(Gain) / Loss Reclassified from AOCI into Earnings	(44)	1	27
Gain / (Loss) on Ineffectiveness Recognized in Earnings
Commodity Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in OCI	(6)	74	(27)
(Gain) / Loss Reclassified from AOCI into Earnings	71	15	(138)
Gain / (Loss) on Ineffectiveness Recognized in Earnings	(2)	(6)	12
Gain/(Loss) on Amount Excluded from Effectiveness Testing Recognized in Earnings	(13)	3	1
Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in OCI	(451)	(90)	92
(Gain) / Loss Reclassified from AOCI into Earnings	(101)	(1)
Gain / (Loss) on Ineffectiveness Recognized in Earnings	(2)
Gain/(Loss) on Amount Excluded from Effectiveness Testing Recognized in Earnings	$ (156)

The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments.

+ References+ Details

The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period.

+ References+ Details

Financial Instruments (Fair Value Hedges) (Details) (Interest Rate Contracts [Member], Fair Value Hedges [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Interest Rate Contracts [Member] \| Fair Value Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (loss) recognized in income on Derivatives	$ (6)	$ 1	$ 7
Gain / (loss) recognized in income on Borrowings	$ 6	$ (1)	$ (7)

The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments.

+ References+ Details

Financial Instruments (Economic Hedges) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Economic Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	$ 204	$ (265)	$ 17
Interest Expense [Member] \| Economic Hedges [Member] \| Forecasted Transactions [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	3	(17)
Interest Expense [Member] \| Economic Hedges [Member] \| Forecasted Interest Payments [Member] \| Intercompany Loans [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	34	28	(10)
Interest Expense [Member] \| Economic Hedges [Member] \| Cadbury Acquisition Related [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings		(395)
Interest Expense [Member] \| Economic Hedges [Member] \| Interest Rate Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	(3)	4
Cost Of Sales [Member] \| Economic Hedges [Member] \| Forecasted Transactions [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	4	(11)	(10)
Cost Of Sales [Member] \| Economic Hedges [Member] \| Commodity Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in Earnings	166	126	37
Cadbury [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign exchange movement net gains		$ 240

+ References+ Details

Aggregate realized and unrealized gain on foreign currency transactions included in net income. Includes gain on a foreign currency forward exchange contract. Does not include foreign currency transactions designated as hedges of net investment in a foreign entity or intercompany foreign currency transactions that are of a long-term nature. Gross of tax effect.

+ References+ Details

Financial Instruments (Hedges Of Net Investments In Foreign Operations) (Details) (Currency Translation Adjustments [Member], Net Investment Hedges [Member], Foreign Exchange Contracts [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Pound Sterling Notes [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in OCI	$ 3	$ 7
Euro Notes [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain / (Loss) Recognized in OCI	$ 77	$ 170	$ (65)

The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period.

+ References+ Details

Commitments And Contingencies (Narrative) (Details) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 USD ($)	Dec. 31, 2011 EUR (€)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)
Commitments And Contingencies [Abstract]
Fine imposed by FCO	$ 3.0	€ 2.2
Maximum potential payment	22
Rental expenses	$ 452		$ 514	$ 505

Commitments and Contingencies (Minimum Rental Commitments) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011
Commitments And Contingencies [Abstract]
2012	$ 353
2013	287
2014	207
2015	155
2016	129
Thereafter	187
Total	$ 1,318

The total of future contractually required payments on leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within one year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the fifth year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the fourth year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the third year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due within the second year of the balance sheet date relating to leases defined as operating.

+ References+ Details

For leases having an initial or remaining non-cancelable letter-terms in excess of one year, required rental payments due after the fifth year from the balance sheet date on leases defined as operating.

+ References+ Details

Income Taxes (Narrative) (Details) (USD $)	12 Months Ended
Income Taxes (Narrative) (Details) (USD $)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Income Taxes [Abstract]
Tax expense related to gain from discontinued operations		$ 1,200,000,000
Unrecognized tax benefits	1,538,000,000	1,281,000,000	829,000,000	807,000,000
Impact on tax provision from unrecognized tax benefits	1,317,000,000	1,062,000,000
Amount unrecognized tax benefits could decrease by, minimum	160,000,000
Unrecognized tax benefits, income tax penalties and interest accrued	286,000,000	246,000,000
Net benefit for interest and penalties	53,000,000
Interest and penalties paid	5,000,000
Accumulated earnings of foreign subsidiaries	10,200,000,000
U.S statutory rate	35.00%	35.00%	35.00%
Settlements with various foreign and state tax authorities	199,000,000	123,000,000	225,000,000
Write-off of deferred tax assets		$ 137,000,000

Income Taxes (Provision For Income Taxes) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Income Taxes [Abstract]
United States		$ 1,146	$ 1,071	$ 2,047
Outside United States		3,626	2,571	1,899
Earnings from continuing operations before income taxes		4,772	3,642	3,946
United States federal current		371	91	335
United States federal deferred		63	322	108
Federal income tax		434	413	443
State and local current		95	47	82
State and local deferred		55	61	(39)
State and local taxes		150	108	43
Total United States		584	521	486
Outside United States current		1,113	763	681
Outside United States deferred		(472)	(137)	(31)
Total outside United States	(85)	641	626	650
Total provision for income taxes		$ 1,225	$ 1,147	$ 1,136

Income Taxes (Changes In Unrecognized Tax Benefits) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Income Taxes [Abstract]
Unrecognized tax benefits	$ 1,281	$ 829	$ 807
Increases from positions taken during prior periods	222	49	90
Decreases from positions taken during prior periods	(147)	(146)	(205)
Increases from positions taken during the current period	253	229	146
Increases from acquisition adjustments		357
Decreases relating to settlements with taxing authorities	(17)	(19)	(26)
Reductions resulting from the lapse of the applicable statute of limitations	(14)	(10)	(14)
Currency / other	(40)	(8)	31
Unrecognized tax benefits	$ 1,538	$ 1,281	$ 829

Income Taxes (Effective Income Tax Rate) (Details)	12 Months Ended
Income Taxes (Effective Income Tax Rate) (Details)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Income Taxes [Abstract]
U.S. federal statutory rate	35.00%	35.00%	35.00%
State and local income taxes, net of federal tax benefit excluding IRS audit impacts	2.20%	1.90%	1.90%
Federal and state tax impacts related to IRS audit settlements	0.70%	(2.30%)	(3.10%)
Reversal of other tax accruals no longer required	(1.30%)	(0.50%)	(0.40%)
U.S. Health Care Legislation		3.80%
Foreign rate differences	(9.50%)	(6.00%)	(2.20%)
Other	(1.40%)	(0.40%)	(2.40%)
Effective tax rate	25.70%	31.50%	28.80%

A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations.

+ References+ Details

The domestic federal statutory tax rate applicable under enacted tax laws to the Company's pretax income from continuing operations for the period. The "statutory" tax rate is the regular tax rate if there are alternative tax systems.

+ References+ Details

Income Taxes (Deferred Tax Assets And Liabilities Temporary Differences) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Income Taxes [Abstract]
Accrued postretirement and postemployment benefits	$ 1,276	$ 1,103
Accrued pension costs	1,007	458
Other	3,124	2,064
Total deferred income tax assets	5,407	3,625
Valuation allowance	(467)	(400)
Net deferred income tax assets	4,940	3,225
Trade names	(7,565)	(7,606)
Property, plant and equipment	(2,084)	(1,845)
Other	(1,025)	(611)
Total deferred income tax liabilities	(10,674)	(10,062)
Net deferred income tax liabilities	$ (5,734)	$ (6,837)

Earnings Per Share (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Earnings Per Share [Abstract]
Earnings from continuing operations	$ 842	$ 927	$ 976	$ 802	$ 547	$ 760	$ 939	$ 249	$ 3,547	$ 2,495	$ 2,810
Earnings and gain from discontinued operations, net of income taxes								1,644		1,644	218
Net earnings	842	927	976	802	547	760	939	1,893	3,547	4,139	3,028
Noncontrolling interest	12	5		3	7	6	2	10	20	25	7
Net earnings attributable to Kraft Foods	$ 830	$ 922	$ 976	$ 799	$ 540	$ 754	$ 937	$ 1,883	$ 3,527	$ 4,114	$ 3,021
Weighted-average shares for basic EPS									1,765	1,715	1,478
Plus incremental shares from assumed conversions of stock options and long-term incentive plan shares									7	5	8
Weighted-average shares for diluted EPS	1,779	1,777	1,771	1,760	1,757	1,754	1,752	1,620	1,772	1,720	1,486
Basic earnings per share attributable to Kraft Foods:
Continuing operations	$ 0.47	$ 0.52	$ 0.55	$ 0.46	$ 0.31	$ 0.43	$ 0.54	$ 0.15	$ 2.00	$ 1.44	$ 1.90
Discontinued operations								$ 1.02		$ 0.96	$ 0.14
Net earnings attributable to Kraft Foods	$ 0.47	$ 0.52	$ 0.55	$ 0.46	$ 0.31	$ 0.43	$ 0.54	$ 1.17	$ 2.00	$ 2.40	$ 2.04
Diluted earnings per share attributable to Kraft Foods:
Continuing operations	$ 0.47	$ 0.52	$ 0.55	$ 0.45	$ 0.31	$ 0.43	$ 0.53	$ 0.15	$ 1.99	$ 1.44	$ 1.89
Discontinued operations								$ 1.01		$ 0.95	$ 0.14
Net earnings attributable to Kraft Foods	$ 0.47	$ 0.52	$ 0.55	$ 0.45	$ 0.31	$ 0.43	$ 0.53	$ 1.16	$ 1.99	$ 2.39	$ 2.03
Antidilutive Kraft Foods stock options excluded from the calculation of diluted EPS									9.2	28.5	23.0

Segment Reporting (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Segment Reporting Information [Line Items]
Largest customer, percentage of net revenues	12.00%	13.00%	16.00%
Charges incurred	$ (37)
Unrealized gains/(losses) on hedging instruments	(100)	67	203
Acquisition costs related to Cadbury's corporate charges		218	40
Charges for legal matters			50
Cost Savings Initiatives [Member]
Segment Reporting Information [Line Items]
Charges incurred	$ 64	$ 170	$ 318

Segment Reporting (Net Revenues By Segment) (Details) (USD $)
In Millions, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Mar. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

$ 14,688

$ 13,226

$ 13,878

$ 12,573

$ 13,773

$ 11,863

$ 12,253

$ 11,318

$ 54,365

$ 49,207

^[1]

$ 38,754

U.S. Beverages [Member]

3,006

3,212

3,057

U.S. Cheese [Member]

3,810

3,528

3,605

U.S. Convenient Meals [Member]

3,328

3,131

3,029

U.S. Grocery [Member]

3,563

3,398

3,453

U.S. Snacks [Member]

6,329

6,001

4,964

Canada & N.A. Foodservice [Member]

5,152

4,696

3,922

Kraft Foods Europe [Member]

13,356

11,628

8,768

Kraft Foods Developing Markets [Member]

$ 15,821

$ 13,613

$ 7,956

[1]	Within the above sector revenues disclosures, we reclassified certain net revenues to conform to the current year presentation.

Segment Reporting (Operating Income By Segment) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Segment Reporting Information [Line Items]
Unrealized gains/(losses) on hedging instruments	$ (100)	$ 67	$ 203
Certain U.S. pension plan costs	(206)	(179)	(165)
General corporate expenses	(438)	(724)	(293)
Amortization of intangibles	(225)	(211)	(26)
Operating income	6,657	5,666	5,183
Interest and other expense, net	(1,885)	(2,024)	(1,237)
Earnings from continuing operations before income taxes	4,772	3,642	3,946
U.S. Beverages [Member]
Segment Reporting Information [Line Items]
Operating income	450	564	511
U.S. Cheese [Member]
Segment Reporting Information [Line Items]
Operating income	629	598	667
U.S. Convenient Meals [Member]
Segment Reporting Information [Line Items]
Operating income	319	268	234
U.S. Grocery [Member]
Segment Reporting Information [Line Items]
Operating income	1,240	1,164	1,146
U.S. Snacks [Member]
Segment Reporting Information [Line Items]
Operating income	847	845	723
Canada & N.A. Foodservice [Member]
Segment Reporting Information [Line Items]
Operating income	682	582	462
Kraft Foods Europe [Member]
Segment Reporting Information [Line Items]
Operating income	1,406	1,115	785
Kraft Foods Developing Markets [Member]
Segment Reporting Information [Line Items]
Operating income	$ 2,053	$ 1,577	$ 936

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

+ References+ Details

Segment Reporting (Gains/Losses On Acquisitions And Divestitures) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended							12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2011 U.S. Beverages [Member]	Dec. 31, 2010 U.S. Beverages [Member]	Dec. 31, 2011 U.S. Cheese [Member]	Dec. 31, 2010 U.S. Cheese [Member]	Dec. 31, 2011 U.S. Convenient Meals [Member]	Dec. 31, 2010 U.S. Convenient Meals [Member]	Dec. 31, 2011 U.S. Grocery [Member]	Dec. 31, 2010 U.S. Grocery [Member]	Dec. 31, 2011 U.S. Snacks [Member]	Dec. 31, 2010 U.S. Snacks [Member]	Dec. 31, 2009 U.S. Snacks [Member]	Dec. 31, 2011 Canada & N.A. Foodservice [Member]	Dec. 31, 2010 Canada & N.A. Foodservice [Member]	Dec. 31, 2011 Kraft Foods Europe [Member]	Dec. 31, 2010 Kraft Foods Europe [Member]	Dec. 31, 2009 Kraft Foods Europe [Member]	Dec. 31, 2011 Kraft Foods Developing Markets [Member]	Dec. 31, 2010 Kraft Foods Developing Markets [Member]
Segment Reporting Information [Line Items]
Pre-tax gains/losses					$ (6.00)			$ (6.00)	$ (6.00)				$ (6.00)							$ 11.00					$ (17.00)

The gain (loss) resulting from the sale of a disposal group that is not a discontinued operation. It is included in income from continuing operations before income taxes in the income statement.

+ References+ Details

Segment Reporting (Total Assets By Segment) (Details) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

$ 93,837

$ 95,289

$ 66,714

U.S. Beverages [Member]

2,837

2,513

2,382

U.S. Cheese [Member]

4,156

4,633

4,589

U.S. Convenient Meals [Member]

2,151

2,064

3,063

U.S. Grocery [Member]

5,142

5,574

5,565

U.S. Snacks [Member]

20,587

20,895

16,418

Canada & N.A. Foodservice [Member]

6,989

7,207

5,051

Kraft Foods Europe [Member]

24,525

24,261

16,073

Kraft Foods Developing Markets [Member]

24,559

25,738

11,087

Unallocated [Member]

$ 2,891

^[1]

$ 2,404

^[1]

$ 2,486

^[1]

[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.

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References+ Details

Segment Reporting (Depreciation Expense) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Segment Reporting Information [Line Items]
Total depreciation expense	$ 1,260	$ 1,229	$ 905
U.S. Beverages [Member]
Segment Reporting Information [Line Items]
Total depreciation expense	66	73	69
U.S. Cheese [Member]
Segment Reporting Information [Line Items]
Total depreciation expense	80	67	66
U.S. Convenient Meals [Member]
Segment Reporting Information [Line Items]
Total depreciation expense	83	61	67
U.S. Grocery [Member]
Segment Reporting Information [Line Items]
Total depreciation expense	86	88	82
U.S. Snacks [Member]
Segment Reporting Information [Line Items]
Total depreciation expense	126	139	127
Canada & N.A. Foodservice [Member]
Segment Reporting Information [Line Items]
Total depreciation expense	128	110	83
Kraft Foods Europe [Member]
Segment Reporting Information [Line Items]
Total depreciation expense	354	355	237
Kraft Foods Developing Markets [Member]
Segment Reporting Information [Line Items]
Total depreciation expense	337	320	157
Segment, Continuing Operations [Member]
Segment Reporting Information [Line Items]
Total depreciation expense	1,260	1,213	888
Segment, Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Total depreciation expense		$ 16	$ 17

The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.

+ References+ Details

Segment Reporting (Capital Expenditures) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Segment Reporting Information [Line Items]
Capital expenditures	$ 1,771	$ 1,661	$ 1,330
U.S. Beverages [Member]
Segment Reporting Information [Line Items]
Capital expenditures	121	88	82
U.S. Cheese [Member]
Segment Reporting Information [Line Items]
Capital expenditures	72	88	72
U.S. Convenient Meals [Member]
Segment Reporting Information [Line Items]
Capital expenditures	88	109	135
U.S. Grocery [Member]
Segment Reporting Information [Line Items]
Capital expenditures	74	76	85
U.S. Snacks [Member]
Segment Reporting Information [Line Items]
Capital expenditures	235	245	190
Canada & N.A. Foodservice [Member]
Segment Reporting Information [Line Items]
Capital expenditures	90	112	94
Kraft Foods Europe [Member]
Segment Reporting Information [Line Items]
Capital expenditures	378	334	292
Kraft Foods Developing Markets [Member]
Segment Reporting Information [Line Items]
Capital expenditures	713	607	319
Segment, Continuing Operations [Member]
Segment Reporting Information [Line Items]
Capital expenditures	1,771	1,659	1,269
Segment, Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Capital expenditures		$ 2	$ 61

The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.

+ References+ Details

Segment Reporting (Net Revenues By Consumer Sector) (Details) (USD $)
In Millions, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Mar. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

$ 14,688

$ 13,226

$ 13,878

$ 12,573

$ 13,773

$ 11,863

$ 12,253

$ 11,318

$ 54,365

$ 49,207

^[1]

$ 38,754

Biscuits [Member]

12,010

10,775

^[1]

10,404

Confectionery [Member]

15,475

13,707

^[1]

4,638

Beverages [Member]

9,673

8,788

^[1]

8,029

Cheese [Member]

7,712

6,975

^[1]

6,796

Grocery [Member]

4,193

4,001

^[1]

4,071

Convenient Meals [Member]

5,302

4,961

^[1]

4,816

Kraft Foods North America [Member]

25,188

23,966

^[1]

22,030

Kraft Foods North America [Member] | Biscuits [Member]

6,046

5,646

^[1]

5,628

Kraft Foods North America [Member] | Confectionery [Member]

1,916

1,807

^[1]

301

Kraft Foods North America [Member] | Beverages [Member]

3,598

3,741

^[1]

3,545

Kraft Foods North America [Member] | Cheese [Member]

5,535

5,089

^[1]

4,980

Kraft Foods North America [Member] | Grocery [Member]

3,188

3,088

^[1]

3,136

Kraft Foods North America [Member] | Convenient Meals [Member]

4,905

4,595

^[1]

4,440

Kraft Foods Europe [Member]

13,356

11,628

^[1]

8,768

Kraft Foods Europe [Member] | Biscuits [Member]

2,598

2,323

^[1]

2,330

Kraft Foods Europe [Member] | Confectionery [Member]

5,785

5,234

^[1]

2,446

Kraft Foods Europe [Member] | Beverages [Member]

3,158

2,511

^[1]

2,390

Kraft Foods Europe [Member] | Cheese [Member]

1,182

982

^[1]

972

Kraft Foods Europe [Member] | Grocery [Member]

363

334

^[1]

369

Kraft Foods Europe [Member] | Convenient Meals [Member]

270

244

^[1]

261

Kraft Foods Developing Markets [Member]

15,821

13,613

^[1]

7,956

Kraft Foods Developing Markets [Member] | Biscuits [Member]

3,366

2,806

^[1]

2,446

Kraft Foods Developing Markets [Member] | Confectionery [Member]

7,774

6,666

^[1]

1,891

Kraft Foods Developing Markets [Member] | Beverages [Member]

2,917

2,536

^[1]

2,094

Kraft Foods Developing Markets [Member] | Cheese [Member]

995

904

^[1]

844

Kraft Foods Developing Markets [Member] | Grocery [Member]

642

579

^[1]

566

Kraft Foods Developing Markets [Member] | Convenient Meals [Member]

$ 127

$ 122

^[1]

$ 115

[1]	Within the above sector revenues disclosures, we reclassified certain net revenues to conform to the current year presentation.

Segment Reporting (Net Revenues By Geographic Segment) (Details) (USD $)
In Millions, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Mar. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

$ 14,688

$ 13,226

$ 13,878

$ 12,573

$ 13,773

$ 11,863

$ 12,253

$ 11,318

$ 54,365

$ 49,207

^[1]

$ 38,754

United States [Member]

21,938

20,934

19,713

Europe [Member]

17,237

15,733

11,471

Other Foreign [Member]

$ 15,190

$ 12,540

$ 7,570

[1]	Within the above sector revenues disclosures, we reclassified certain net revenues to conform to the current year presentation.

Segment Reporting (Long Lived Assets And Total Assets By Geographic Segment) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Segment Reporting Information [Line Items]
Total long-lived assets	$ 77,635	$ 79,068	$ 54,260
Total assets	93,837	95,289	66,714
United States [Member]
Segment Reporting Information [Line Items]
Total long-lived assets	35,093	35,200	31,773
Total assets	39,398	40,085	35,816
Europe [Member]
Segment Reporting Information [Line Items]
Total long-lived assets	25,401	25,333	16,077
Total assets	32,177	31,811	21,915
Other Foreign [Member]
Segment Reporting Information [Line Items]
Total long-lived assets	17,141	18,535	6,410
Total assets	$ 22,262	$ 23,393	$ 8,983

+ References+ Details

Quarterly Financial Data (Quarterly Statement Of Income) (Details) (USD $)
In Millions, except Per Share data, unless otherwise specified

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Mar. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Quarterly Financial Data [Abstract]

Earnings from continuing operations

$ 14,688

$ 13,226

$ 13,878

$ 12,573

$ 13,773

$ 11,863

$ 12,253

$ 11,318

$ 54,365

$ 49,207

^[1]

$ 38,754

Gross profit

4,893

4,615

4,871

4,636

4,798

4,321

4,694

4,089

19,015

17,902

13,935

842

927

976

802

547

760

939

249

3,547

2,495

2,810

Earnings and gain from discontinued operations, net of income taxes

1,644

218

Net earnings

842

927

976

802

547

760

939

1,893

3,547

4,139

3,028

Noncontrolling interest

Weighted-average shares for diluted EPS

830

922

976

799

540

754

937

1,883

3,527

4,114

3,021

1,779

1,777

1,771

1,760

1,757

1,754

1,752

1,620

1,772

1,720

1,486

$ 0.47

$ 0.52

$ 0.55

$ 0.46

$ 0.31

$ 0.43

$ 0.54

$ 0.15

$ 2.00

$ 1.44

$ 1.90

$ 1.02

$ 0.96

$ 0.14

$ 0.47

$ 0.52

$ 0.55

$ 0.46

$ 0.31

$ 0.43

$ 0.54

$ 1.17

$ 2.00

$ 2.40

$ 2.04

$ 0.47

$ 0.52

$ 0.55

$ 0.45

$ 0.31

$ 0.43

$ 0.53

$ 0.15

$ 1.99

$ 1.44

$ 1.89

$ 1.01

$ 0.95

$ 0.14

Foreign Income Tax Expense (Benefit), Continuing Operations

$ 0.47

$ 0.52

$ 0.55

$ 0.45

$ 0.31

$ 0.43

$ 0.53

$ 1.16

$ 1.99

$ 2.39

$ 2.03

Dividends declared

$ 0.29

$ 1.16

Market price, high

$ 37.93

$ 36.30

$ 35.47

$ 32.20

$ 32.67

$ 31.98

$ 31.09

$ 30.98

Market price, low

$ 31.88

$ 32.63

$ 31.35

$ 30.21

$ 29.80

$ 27.59

$ 27.49

$ 27.09

$ 85

$ (641)

$ (626)

$ (650)

[1]	Within the above sector revenues disclosures, we reclassified certain net revenues to conform to the current year presentation.

Quarterly Financial Data (Pre-Tax Charges/(Gains) In Earnings From Continuing Operations) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Quarterly Financial Data [Abstract]
Asset impairment and exit costs		$ (7.00)			$ 27.00	$ (9.00)			$ (7.00)	$ 18.00	$ (64.00)
(Gains) / losses on divestitures, net					6.00					6.00	6.00
Pre-tax charges / (gains) in earnings from continuing operations		$ (7.00)			$ 33.00	$ (9.00)

Valuation and Qualifying Accounts Disclosure [Line Items]

The gain (loss) resulting from the sale of a disposal group that is not a discontinued operation. It is included in income from continuing operations before income taxes in the income statement.

+ References+ Details

Valuation And Qualifying Accounts (Details) (USD $)
In Millions, unless otherwise specified

12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

$ 688

$ 243

$ 240

238

168

(17)

^[1]

388

^[1]

240

^[2]

111

^[2]

113

^[2]

Valuation and Qualifying Accounts Disclosure [Line Items]

669

688

243

Allowance For Discounts [Member]

^[1]

^[2]

Valuation and Qualifying Accounts Disclosure [Line Items]

Allowance For Doubtful Accounts [Member]

277

138

128

(1)

^[1]

^[2]

Valuation and Qualifying Accounts Disclosure [Line Items]

197

277

138

Allowance For Deferred Taxes [Member]

400

205

(17)

^[1]

305

^[1]

121

^[2]