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MDLZ > SEC Filings for MDLZ > Form 8-K on 29-Oct-2012All Recent SEC Filings




Costs Associated with Exit or Disposal Activities

Item 2.05. Costs Associated with Exit or Disposal Activities

As previously reported on March 14, 2012, the Kraft Foods Inc. Board of Directors approved a restructuring and implementation program for optimizing operations, including the supply chain, for our business and for businesses that are now part of Kraft Foods Group, Inc. On October 23, 2012, the Mondelez International Board of Directors approved a $400 million increase to those costs, bringing our restructuring and implementation program costs to a total of $925 million. The program is expected to be completed by year-end 2014.

This Item 2.05 contains forward-looking statements. Words, and variations of words, such as "expect," "will" and similar expressions are intended to identify our forward-looking statements, including but not limited to, those related to completion of the restructuring and implementation program. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to, increased competition, risks from operating internationally, continued consumer weakness and tax law changes. Please also see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Mondelez International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this Item 2.05, except as required by applicable law or regulation.

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