What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to formally report and provide access to Kraft Foods Inc.'s (now Mondelez International) earnings press release for the first quarter ended March 31, 2009. It serves to make the detailed financial results publicly available as part of regulatory requirements.

What non-GAAP financial measures does Kraft Foods highlight?

Kraft Foods highlights 'organic net revenues' as a key non-GAAP measure. This metric is used to provide a clearer view of revenue performance by excluding the effects of acquisitions, divestitures, and currency fluctuations, which are considered less indicative of ongoing operational trends.

How does Kraft Foods define and use 'segment operating income'?

Kraft Foods uses 'segment operating income' to evaluate the performance of its business segments and to guide resource allocation. The company clarifies that this measure excludes certain items like unrealized hedging gains/losses and specific components of U.S. pension plan costs to offer enhanced transparency into the underlying profitability of each segment.

Where can I find detailed financial data related to this report?

Detailed financial data, including supplemental information and reconciliations of non-GAAP measures to GAAP financial measures, can be found within the press release dated May 5, 2009, which is furnished as Exhibit 99.1 to this Form 8-K.

MDLZ 8-K: Earnings & Results

Summary

Mondelez International, Inc. (formerly Kraft Foods Inc. as of this filing date) filed an 8-K on May 5, 2009, to report its first-quarter 2009 earnings results. The filing primarily serves to furnish the accompanying earnings press release, which details the company's financial performance for the quarter ended March 31, 2009. Investors should note that this report does not contain new material events but rather provides access to the company's operational and financial condition updates as presented in their quarterly earnings announcement. The company emphasizes its use of non-GAAP financial measures, specifically "organic net revenues," which excludes the impact of acquisitions, divestitures, and currency fluctuations. This metric is highlighted as a preferred measure for assessing ongoing business performance and comparability. Additionally, the report clarifies the company's approach to "segment operating income," explaining exclusions such as unrealized hedging gains/losses and certain pension plan costs to offer greater transparency into segment profitability.

Key Highlights

1Kraft Foods Inc. (now Mondelez International) filed an 8-K on May 5, 2009, to report Q1 2009 earnings.
2The report includes a press release detailing financial results for the quarter ended March 31, 2009.
3The company utilizes 'organic net revenues' as a key performance indicator, excluding acquisitions, divestitures, and currency impacts.
4Management uses 'segment operating income' to assess segment performance and resource allocation.
5Specific adjustments are made to segment operating income, including exclusion of unrealized hedging gains/losses and certain pension plan costs for transparency.
6The filing references supplemental financial data and reconciliations to GAAP measures within the furnished press release.

Mondelez International, Inc. 8-K Report, Financial Results (May 5, 2009)

Summary

Key Highlights

Frequently Asked Questions