Notes to Consolidated Financial Statements
(Continued)
Note 21.
Subsequent Event:
In January 2006, Kraft announced plans to continue its restructuring efforts beyond those originally contemplated (see Note 3. Asset Impairment and Exit Costs). Additional pre-tax charges are anticipated to be $2.5 billion from 2006 to 2009, of which approximately $1.6 billion are expected to require cash payments. These charges will result in the anticipated closure of up to 20 additional facilities and the elimination of approximately 8,000 additional positions. Initiatives under the expanded program include additional organizational streamlining and facility closures. The entire restructuring program is expected to ultimately result in $3.7 billion in pre-tax charges, the closure of up to 40 facilities and the elimination of approximately 14,000 positions. Approximately $2.3 billion of the $3.7 billion in pre-tax charges are expected to require cash payments.
The principal stock exchange, on which Altria Group, Inc.’s common stock (par value $0.33 1/3 per share) is listed, is the New York Stock Exchange. At January 31, 2006, there were approximately 106,300 holders of record of Altria Group, Inc.’s common stock.
|
|