HSY » Topics » Other Long-term Liabilities

This excerpt taken from the HSY 10-K filed Feb 19, 2010.

Other Long-term Liabilities

Other long-term liabilities were as follows:

 

December 31,

   2009    2008
In thousands of dollars          

Accrued post-retirement benefits

   $ 293,273    $ 285,001

Other

     208,061      219,962
             

Total other long-term liabilities

   $ 501,334    $ 504,963
             

 

19. SEGMENT INFORMATION

We operate as a single reportable segment in manufacturing, marketing, selling and distributing various package types of chocolate and confectionery products, pantry items and gum and mint refreshment products under more than 80 brand names. Our five operating segments comprise geographic regions including the United States, Canada, Mexico, Brazil and other international locations, such as India, Korea, Japan, the Middle East, China and the Philippines. We market confectionery products in approximately 50 countries worldwide.

For segment reporting purposes, we aggregate our operations in the Americas, which comprise the United States, Canada, Mexico and Brazil. We base this aggregation on similar economic characteristics, products and services; production processes; types or classes of customers; distribution methods; and the similar nature of the regulatory environment in each location. We aggregate our other international operations with the Americas to form one reportable segment. When combined, our other international operations share most of the aggregation criteria and represent less than 10% of consolidated revenues, operating profits and assets.

The percentage of total consolidated net sales for businesses outside of the United States was 14.3% for 2009, 14.4% for 2008 and 13.8% for 2007. The percentage of total consolidated assets outside of the United States as of December 31, 2009 was 17.5%, and 16.0% as of December 31, 2008.

Sales to McLane Company, Inc., one of the largest wholesale distributors in the United States to convenience stores, drug stores, wholesale clubs and mass merchandisers, exceeded 10% of total net sales in each of the last three years, totaling $1.4 billion in 2009, $1.3 billion in 2008 and $1.3 billion in 2007. McLane Company, Inc. is the primary distributor of our products to Wal-Mart Stores, Inc.

 

96


THE HERSHEY COMPANY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

These excerpts taken from the HSY 10-K filed Feb 20, 2009.

Other Long-term Liabilities

Other long-term liabilities were as follows:

 

December 31,

   2008    2007
In thousands of dollars          

Accrued post-retirement benefits

   $ 285,001    $ 330,708

Other

     219,962      213,308
             

Total other long-term liabilities

   $ 504,963    $ 544,016
             

Other Long-term Liabilities

FACE="Times New Roman" SIZE="2">Other long-term liabilities were as follows:

 




































































December 31,

  2008  2007
In thousands of dollars      

Accrued post-retirement benefits

  $285,001  $330,708

Other

   219,962   213,308
        

Total other long-term liabilities

  $504,963  $544,016
        
These excerpts taken from the HSY 10-K filed Feb 19, 2008.

Other Long-term Liabilities

Other long-term liabilities were as follows:

 

December 31,

   2007    2006
In thousands of dollars          

Accrued post-retirement benefits

   $ 330,708    $ 316,455

Other

     213,308      170,018
             

Total other long-term liabilities

   $ 544,016    $ 486,473
             

Other Long-term Liabilities

FACE="Times New Roman" SIZE="2">Other long-term liabilities were as follows:

 




































































December 31,

  2007  2006
In thousands of dollars      

Accrued post-retirement benefits

  $330,708  $316,455

Other

   213,308   170,018
        

Total other long-term liabilities

  $544,016  $486,473
        
This excerpt taken from the HSY 10-K filed Feb 23, 2007.

Other Long-term Liabilities

Other long-term liabilities were as follows:

 

December 31,

   2006    2005
In thousands of dollars          

Accrued post-retirement benefits

   $ 316,455    $ 246,896

Other

     170,018      166,033
             

Total other long-term liabilities

   $ 486,473    $ 412,929
             

"Other Long-term Liabilities" elsewhere:

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