date:Nov 09, 2012
Mondelez International, formerly known as Kraft Foods Inc., completed the spin-off of its North American grocery business, Kraft Foods Group, Inc. Beginning in the fourth quarter 2012, Kraft Foods Group's historical financial results for periods prior to Oct. 1, 2012, will be reflected in the company's financial statements as a discontinued operation.
Net revenues declined 2.4% to $12.9 billion; Organic Net Revenues increased 2.%
Operating income declined 2.7%; Adjusted Operating Income inc