Co announces that it has agreed to sell its Fruit2O water and Veryfine juice brands and related assets to Sunny Delight Beverages. These brands had net revenues of approximately $135 mln in 2006. In anticipation of the sale, Kraft will record a one-time, pre-tax asset impairment charge of approximately $125 million in Q3. The after-tax impact to net earnings is a charge of approximately $55 million, equivalent to 3 cents diluted earnings per share. Kraft anticipates no material impact to earnings on an ongoing basis.