['The', 'World’s', 'Best', 'Brands:', 'Cheese', 'We', 'are', 'growing', 'through', 'innovation', 'in', 'product', 'nutri-', 'tion', 'and', 'use,', 'and', 'by', 'satisfying', 'local', 'and', 'regional', 'tastes.', 'Although', 'our', 'cheese', 'business', 'is', 'among', 'the', 'largest', 'in', 'the', 'world,', 'generat-', 'ing', 'more', 'than', '$4', 'billion', 'in', 'revenues,', 'we', 'account', 'for', 'less', 'than', 'one-sixth', 'of', 'worldwide', 'cheese', 'sales—', 'iving', 'us', 'additional', 'growth', 'opportunities.', 'a', 'Weare', '#1', 'in', 'the', 'processed', 'cheese', 'segment', 'worldwide,', 'building', 'on', 'the', 'broadiappeal', 'of', 'Kraft', 'cheese', 'products.', 'a', 'Philadelphia', 'Brand', 'cream', 'cheese', 'is', 'the', '#1', 'cream', 'cheese.', 'in', '15', 'countries', 'around', 'the', 'world.', 'a', 'In', 'Italy,', 'in', 'the', 'growing', 'natural', 'cheese', 'segment,', 'our', 'Mozary', 'mozzarella,', 'Gim', 'gorgonzola;', 'Osella', 'robiola', "and'the", 'company’s', 'Jnvernizzi', 'crescenza', 'cheeses', 'are', '#1', 'or', '#2,', 'in', 'their', 'product', 'classes.', '   ', '    ', ' ', 'United', 'States', '-.', 'Canada::', ' ', 'Germany', 'Philadelphia,', 'Kraft', 'UK/Ireland»', 'Philadelphia,', 'Dairylea;', 'Kraft', 'Spain:', '|', 'Philadelphia,', 'Kraft,', "El'Caserio", 'Italy', '-', 'Philadelphia,', 'Kraft,', 'Invernizzi', '   ', 'Total', 'Europe', 'Philadelphia,', 'Kraft', 'Philadelphia,', 'Kraft', '  ', ' ', 'Australia', '«', ' ', 'Brand', 'strength:', 'we', 'rank', '#1', 'in.', 'both', 'the', 'cream', 'cheese', 'and', 'processed', 'cheese', 'slices.', 'segments', 'in', 'the', 'above', 'markets.', 'We', 'maintain', 'segment', 'shares', 'of', 'more', 'than', '40%', 'in', 'both', 'cream', 'cheese', 'and', 'processed', 'clicese', 'in', 'the', 'above', 'markets.', ' ', '  ', '  ', '  ', '  ', '  ', ' ', '   ', '    ', '   ', '  ', '  ', ' ', '  ', ' ', ' ', 'by', 'inverniZZi', '|', ' ', 'a', 'In', 'North', 'America,', 'Velveeta', 'cheese', 'loaf', 'is‘a', 'leader', 'in', 'its', 'segment.', 'Similarly,', 'Cheez', 'Whiz', 'spread', 'is', 'the', 'leading', 'cheese', 'spread', 'in', 'both', 'the', 'U.S.', 'andiCanada.', 'a', 'Inthe', 'U.S.,', 'our', 'Polly-O', 'string', 'mozzarella', 'and', 'Athenos', 'feta', 'are', "#l'in", 'their', 'growing', 'specialty', 'segments.', ' ', ' ', ' ', 'E9L080P202', 'a', 'With', 'Kraft', 'Singles', 'and', 'other', 'cheese', 'products,', 'we', 'are', 'a', 'lead-', 'tag', 'cheese', 'compaayinside', 'and', 'outside', 'the', 'U.S.', ' ', ' ']