date:Feb 16, 2013
es segment to $2,734 million.
In addition to the release of its financials, Kraft unveiled a new, comprehensive strategy for post-employment benefits designed to improve transparency, simplify accounting, and reduce funding volatility.
Tim McLevish, executive vice-president and chief financial officer, elaborated on the strategy during the conference call. First, the company will move to mark-to-market accounting for post-employment benefit obligations, a move he said will lower Krafts ongoing