Condensed Consolidated Balance Sheets (USD $) In Millions	Jun. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 2,267	$ 2,481
Receivables (less allowances of $169 in 2011 and $246 in 2010)	6,830	6,539
Inventories, net	6,414	5,310
Deferred income taxes	919	898
Other current assets	1,066	993
Total current assets	17,496	16,221
Property, plant and equipment, net	14,216	13,792
Goodwill	39,063	37,856
Intangible assets, net	26,509	25,963
Prepaid pension assets	153	86
Other assets	1,590	1,371
TOTAL ASSETS	99,027	95,289
LIABILITIES
Short-term borrowings	1,242	750
Current portion of long-term debt	4,918	1,115
Accounts payable	5,308	5,409
Accrued marketing	2,738	2,515
Accrued employment costs	1,215	1,292
Other current liabilities	4,859	4,812
Total current liabilities	20,280	15,893
Long-term debt	23,420	26,859
Deferred income taxes	7,993	7,984
Accrued pension costs	1,836	2,382
Accrued postretirement health care costs	3,001	3,046
Other liabilities	3,386	3,183
TOTAL LIABILITIES	59,916	59,347
Commitments and Contingencies (Note 12)
EQUITY
Common Stock, no par value (1,996,537,778 shares issued in 2011 and 2010)
Additional paid-in capital	31,240	31,231
Retained earnings	17,300	16,619
Accumulated other comprehensive losses	(2,004)	(3,890)
Treasury stock, at cost	(7,545)	(8,126)
Total Kraft Foods Shareholders' Equity	38,991	35,834
Noncontrolling interest	120	108
TOTAL EQUITY	39,111	35,942
TOTAL LIABILITIES AND EQUITY	$ 99,027	$ 95,289