Coca Cola 2011 Annual Report Download - page 150

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In the first quarter of 2010, the Company recorded the following transactions which impacted results:
• Charges of $1 million for Eurasia and Africa, $28 million for Europe, $4 million for North America, $33 million for
Bottling Investments and $30 million for Corporate, primarily due to the Company’s ongoing productivity initiatives,
restructuring charges and transaction costs. Refer to Note 17 and Note 18.
• Charge of $103 million for Corporate due to the remeasurement of our Venezuelan subsidiary’s net assets. Refer to
Note 17.
• Charge of $29 million for Bottling Investments, primarily attributable to the Company’s proportionate share of asset
impairment charges and restructuring costs recorded by equity method investees. Refer to Note 17.
• Charges of $23 million for Bottling Investments and $3 million for Corporate, primarily due to other-than-temporary
impairments of available-for-sale securities. Refer to Note 17.
• A tax charge of $14 million related to new legislation that changed the tax treatment of Medicare Part D subsidies. Refer
to Note 14.
• A net tax benefit of $1 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 second quarter of 2010, the Company recorded the following transactions which impacted results:
• Charges of $2 million for Eurasia and Africa, $2 million for Europe, $6 million for North America, $5 million for Pacific,
$11 million for Bottling Investments and $52 million for Corporate, primarily due to the Company’s ongoing productivity,
integration and restructuring initiatives and transaction costs. Refer to Note 17 and Note 18.
• Charge of $16 million for Bottling Investments, primarily attributable to the Company’s proportionate share of unusual tax
charges and transaction costs recorded by equity method investees. Refer to Note 17.
• 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 2010, the Company recorded the following transactions which impacted results:
• Charges of $1 million for Eurasia and Africa, $13 million for Europe, $8 million for Pacific, $12 million for Bottling
Investments and $68 million for Corporate, primarily due to the Company’s ongoing productivity, integration and
restructuring initiatives and transaction costs incurred in connection with our acquisition of CCE’s North American business
and the sale of our Norwegian and Swedish bottling operations to New CCE. These charges were partially offset by a
$2 million benefit for North America due to the refinement of previously established restructuring accruals. Refer to
Note 17 and Note 18.
• Charge of $10 million for Bottling Investments. This net charge was primarily attributable to the Company’s proportionate
share of transaction costs recorded by CCE, which was partially offset by our proportionate share of a foreign currency
remeasurement gain recorded by an equity method investee. The components of the net charge were individually
insignificant. Refer to Note 17.
• Gain of $23 million for Corporate due to the sale of 50 percent of our investment in Le˜
ao Junior. Refer to Note 2 and
Note 17.
• A net tax charge of $13 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 fourth quarter of 2010, the Company recorded the following transactions which impacted results:
• Charges of $3 million for Eurasia and Africa, $7 million for Europe, $125 million for North America, $9 million for Pacific,
$66 million for Bottling Investments and $335 million for Corporate, primarily due to the Company’s productivity,
integration and restructuring initiatives, charitable donations, transaction costs incurred in connection with our acquisition
of CCE’s North American business and the sale of our Norwegian and Swedish bottling operations to New CCE and other
charges related to bottling activities in Eurasia. Refer to Note 17 and Note 18.
• Benefit of $4,978 million for Corporate due to the remeasurement of our equity investment in CCE to fair value upon the
close of the transaction. Refer to Note 2 and Note 17.
• Gain of $597 million for Corporate due to the sale of our Norwegian and Swedish bottling operations to New CCE. Refer
to Note 2 and Note 17.
• Charge of $342 million for Corporate related to the premiums paid to repurchase certain long-term debt and the costs
associated with the settlement of treasury rate locks issued in connection with the debt tender offer. Refer to Note 10.
148