Basic and diluted earnings per share
(“EPS”) were calculated using the following:
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For the Three Months Ended |
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For the Six Months
Ended |
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June 30, |
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June 30, |
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2012 |
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2011 |
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2012 |
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2011 |
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(in millions, except per share data) |
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Net earnings
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$ |
1,034 |
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$ |
976 |
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$ |
1,853 |
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$ |
1,778 |
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Noncontrolling interest
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5 |
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– |
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11 |
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3 |
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Net earnings attributable to Kraft
Foods
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$ |
1,029 |
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$ |
976 |
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$ |
1,842 |
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$ |
1,775 |
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Weighted-average shares for basic
EPS
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1,777 |
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1,764 |
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1,775 |
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1,759 |
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Plus incremental shares from assumed
conversions of stock options and long-term incentive plan
shares
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9 |
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7 |
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10 |
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7 |
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Weighted-average shares for diluted
EPS
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1,786 |
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1,771 |
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1,785 |
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1,766 |
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Basic earnings per share attributable
to Kraft Foods
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$ |
0.58 |
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$ |
0.55 |
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$ |
1.04 |
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$ |
1.01 |
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Diluted earnings per share
attributable to Kraft Foods
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$ |
0.58 |
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$ |
0.55 |
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$ |
1.03 |
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$ |
1.01 |
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