ANNUAL REPORT 2007

Front Cover Financial Highlights Vision and Mission Letter to Shareowners Global Operations Sustainable Dependable Global Brands Our Nutrition Heritage Our People Environmental Sustainability Corporate Social Responsibility Corporate Officers & Global Team Board of Directors Manufacturing Locations and Brands K Values Form 10-K Corporate and Shareowner Information Proxy Statement for 2008 Annual Meeting

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NOTE 4
OTHER INCOME (EXPENSE), NET

 

 

Other income (expense), net includes non-operating items such as interest income, charitable donations, and gains and losses from foreign currency and commodity derivatives.

 

 

Other expense includes charges for contributions to the Kellogg’s Corporate Citizenship Fund, a private trust established for charitable giving, as follows (in millions): 2007–$12; 2006–$3; 2005–$16. Other expense for 2005 also includes a charge of approximately $7 million to reduce the carrying value of a corporate commercial facility to estimated selling value. This facility was sold in August 2006.