The following table illustrates the tax expense (benefit) associated with unusual and/or infrequent items for the interim periods presented (in millions):
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Three Months Ended |
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March 29,
2013 |
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March 30,
2012 |
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|
Productivity and reinvestment program |
$ |
(40 |
) |
1 |
$ |
(24 |
) |
5 |
Other productivity, integration and restructuring initiatives |
— |
|
2 |
— |
|
|
Certain tax matters |
1 |
|
3 |
(8 |
) |
6 |
Other — net |
4 |
|
4 |
(7 |
) |
7 |
|
|
1 |
Related to charges of $102 million due to the Company's productivity and reinvestment program. Refer to Note 10 and Note 11.
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|
2 |
Related to charges of $21 million due to the Company's other integration and restructuring initiatives. These initiatives were outside the scope of the Company's productivity and reinvestment program. Refer to Note 10 and Note 11.
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3 |
Related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties. The components of the net change in uncertain tax positions were individually insignificant.
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4 |
Related to charges of $176 million that primarily consisted of $149 million due to the devaluation of the Venezuelan bolivar and $30 million due to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees. Refer to Note 10.
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5 |
Related to charges of $64 million due to the Company's productivity and reinvestment program. Refer to Note 10 and Note 11.
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6 |
Related to a net tax benefit primarily associated with the reversal of a valuation allowance in one of the Company's foreign jurisdictions, partially offset by amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties.
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7 |
Related to a net gain of $15 million. This net gain is primarily due to a net gain of $44 million related to our proportionate share of unusual or infrequent items recorded by certain of our equity method investees, partially offset by charges of $20 million associated with changes in the Company's ready-to-drink tea strategy in the United States, charges of $3 million associated with changes in the structure of BPW, and charges of $6 million associated with the Company's orange juice supply in the United States. Refer to Note 10.
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