Item 6. Selected Financial Data


	2008		2007		2006		2005			2004

Summary of Operations:
Net revenues	$	41,932	$	35,858	$	33,018	$	32,779		$	30,859
Cost of sales		28,088		23,656		21,190		21,115			19,474
Operating income		3,843		4,176		4,158		4,373			4,327
Operating margin		9.2%		11.6%		12.6%		13.3%			14.0%
Interest and other expense, net		1,240		604		510		635			666

Earnings from continuing operations before income taxes		2,603		3,572		3,648		3,738			3,661
Provision for income taxes		755		1,080		816		1,066			1,165
Earnings / (loss) from discontinued operations, net of income taxes		1,045		232		233		(33	)		219

Net earnings		2,893		2,724		3,065		2,639			2,715
Noncontrolling interest		9		3		5		3			3

Net earnings attributable to Kraft Foods		2,884		2,721		3,060		2,636			2,712

Basic EPS attributable to Kraft Foods:
Continuing operations		1.22		1.56		1.70		1.57			1.45
Discontinued operations		0.70		0.15		0.14		(0.02	)		0.13

Net earnings attributable to Kraft Foods		1.92		1.71		1.84		1.55			1.58
Diluted EPS attributable to Kraft Foods:
Continuing operations		1.21		1.56		1.70		1.57			1.45
Discontinued operations		0.69		0.14		0.14		(0.02	)		0.13

Net earnings attributable to Kraft Foods		1.90		1.70		1.84		1.55			1.58
Dividends declared per share		1.12		1.04		0.96		0.87			0.77
Dividends declared as a % of Basic EPS		58.3%		60.8%		52.2%		56.1%			48.7%
Dividends declared as a % of Diluted EPS		58.9%		61.2%		52.2%		56.1%			48.7%
Weighted-average shares – Basic		1,505		1,591		1,659		1,699			1,720
Weighted-average shares – Diluted		1,515		1,600		1,661		1,699			1,720
Net cash provided by operating activities		4,141		3,571		3,720		3,464			4,008
Capital expenditures		1,367		1,241		1,169		1,171			1,006
Depreciation		963		873		884		869			868
Property, plant and equipment, net		9,917		10,778		9,693		9,817			9,985
Inventories, net		3,881		4,238		3,436		3,272			3,365
Total assets		63,173		68,132		55,548		57,597			59,905
Long-term debt		18,589		12,902		7,081		8,475			9,723
Total debt		20,251		21,009		10,821		11,200			12,518
Total long-term liabilities		29,773		23,574		16,520		19,285			20,903
Total Kraft Foods Shareholders’ Equity		22,295		27,407		28,536		29,574			29,888

Total Equity		22,356		27,445		28,562		29,600			29,924
Book value per common share outstanding		15.18		17.87		17.44		17.71			17.53
Market price per Common Stock share – high / low		34.97–24.75		37.20–29.95		36.67–27.44		35.65–27.88			36.06–29.45
Closing price of Common Stock at year end		26.85		32.63		35.70		28.17			35.61
Price / earnings ratio at year end – Basic		14		19		19		18			23
Price / earnings ratio at year end – Diluted		14		19		19		18			23
Number of common shares outstanding at year end		1,469		1,534		1,636		1,670			1,705
Number of employees		98,000		103,000		90,000		94,000			98,000


Item 6. Selected Financial Data.		EXHIBIT 99.1