Coca Cola 2011 Annual Report Download - page 149

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America, $23 million for Bottling Investments and $47 million for Corporate, primarily due to the Company’s ongoing
productivity, integration and restructuring initiatives as well as costs associated with the merger of Arca and Contal. Refer
to Note 17 and Note 18.
• A net gain of $417 million for Corporate, primarily due to the merger of Arca and Contal. Refer to Note 16 and Note 17.
• Charge of $38 million for Corporate due to the impairment of an investment in an entity accounted for under the equity
method of accounting. Refer to Note 16 and Note 17.
• Charge of $4 million for Pacific due to the earthquake and tsunami that devastated northern and eastern Japan on
March 11, 2011. Refer to Note 17.
• A net gain of $1 million for Corporate related to the repurchase of certain long-term debt we assumed in connection with
our acquisition of CCE’s North American business. Refer to Note 10.
• A net tax charge of $16 million related to amounts required to be recorded for changes to our uncertain tax positions,
including interest and penalties. Refer to Note 14.
In the third quarter of 2011, the Company recorded the following transactions which impacted results:
• Charges of $2 million for Europe, $2 million for Latin America, $52 million for North America, $2 million for Pacific,
$14 million for Bottling Investments and $26 million for Corporate, due to the Company’s ongoing productivity, integration
and restructuring initiatives as well as costs associated with the merger of Arca and Contal. Refer to Note 17 and Note 18.
• Charge of $36 million for Bottling Investments, primarily attributable to the Company’s proportionate share of asset
impairments and restructuring charges recorded by certain of our equity method investees. Refer to Note 17.
• A net charge of $5 million for Corporate due to the repurchase and/or exchange of certain long-term debt assumed in
connection with our acquisition of CCE’s North American business. Refer to Note 10.
• Charge of $5 million for Corporate due to the finalization of working capital adjustments related to the sale of all our
ownership interests in our Norwegian and Swedish bottling operations to New CCE. Refer to Note 17.
• Charge of $3 million for Corporate due to the impairment of an investment in an entity accounted for under the equity
method of accounting. Refer to Note 16 and Note 17.
• A net charge of $1 million associated with the earthquake and tsunami that devastated northern and eastern Japan on
March 11, 2011. This net charge included a charge of $2 million for North America and a benefit of $1 million for Pacific.
Refer to Note 17.
• A net tax benefit of $4 million related to amounts required to be recorded for changes to our uncertain tax positions,
including interest and penalties. Refer to Note 14.
The Company’s fourth quarter 2011 results were impacted by one additional shipping day compared to the fourth quarter of 2010.
Furthermore, the Company recorded the following transactions which impacted results:
• Charges of $3 million for Eurasia and Africa, $20 million for Europe, $1 million for Latin America, $145 million for North
America, $1 million for Pacific, $31 million for Bottling Investments and $64 million for Corporate, primarily due to the
Company’s ongoing productivity, integration and restructuring initiatives. Refer to Note 17 and Note 18.
• A net gain of $122 million for Corporate, primarily due to gains the Company recognized as a result of an equity method
investee issuing additional shares of its own stock during the period at per share amounts greater than the carrying value of
the Company’s per share investment. These gains were partially offset by charges associated with certain of the Company’s
equity method investments in Japan. Refer to Note 17.
• Charge of $17 million for Corporate due to other-than-temporary impairments of certain available-for-sale securities. Refer
to Note 16 and Note 17.
• Charge of $13 million for Bottling Investments, primarily attributable to the Company’s proportionate share of asset
impairments and restructuring charges recorded by certain of our equity method investees. Refer to Note 17.
• Charge of $10 million for Corporate due to the floods in Thailand that impacted the Company’s supply chain operations in
the region. Refer to Note 17.
• Charge of $1 million for Corporate due to the early extinguishment of certain long-term debt. This debt existed prior to the
Company’s acquisition of CCE’s North American business. Refer to Note 10.
• A net tax benefit of $22 million related to amounts required to be recorded for changes to our uncertain tax positions,
including interest and penalties. Refer to Note 14.
147