Coca Cola 2014 Annual Report Download - page 143

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141
• Net charge of $30 million for Bottling Investments due to the Company’s proportionate share of unusual or infrequent items
recorded by certain of our equity method investees. Refer to Note 17.
In the second quarter of 2013, the Company recorded the following transactions which impacted results:
• Charges of $6 million for Europe, $55 million for North America, $6 million for Asia Pacific, $20 million for Bottling
Investments and $46 million for Corporate due to the Company’s productivity and reinvestment program as well as other
restructuring initiatives. Refer to Note 17 and Note 18.
• Charge of $144 million for Corporate due to a loss related to the then pending merger of four of the Company’s Japanese
bottling partners. Refer to Note 17.
• Benefit of $139 million for Corporate due to a gain the Company recognized as a result of Coca-Cola FEMSA issuing
additional shares of its own stock during the period at a per share amount greater than the carrying value of the Company’s per
share investment. Refer to Note 17.
• Charge of $23 million for Corporate due to the early extinguishment of certain long-term debt. Refer to Note 10.
In the third quarter of 2013, the Company recorded the following transactions which impacted results:
• Charges of $1 million for Europe, $53 million for North America, $2 million for Asia Pacific, $45 million for Bottling
Investments and $41 million for Corporate due to the Company’s productivity and reinvestment program as well as other
restructuring initiatives. Refer to Note 17 and Note 18.
• Charge of $190 million for Corporate due to impairment charges recorded on certain of the Company’s intangible assets. Refer
to Note 16 and Note 17.
• Benefit of $615 million for Corporate due to a gain the Company recognized on the deconsolidation of our Brazilian bottling
operations as a result of their combination with an independent bottling partner. Refer to Note 2 and Note 17.
• Benefit of $30 million for Corporate due to a gain recognized on the merger of four of the Company’s Japanese bottling
partners in which we held equity method investments prior to their merger. Refer to Note 16 and Note 17.
• Charge of $11 million for Asia Pacific due to certain of the Company’s fixed assets. Refer to Note 7 and Note 17.
• Net benefit of $8 million for Bottling Investments due to the Company’s proportionate share of unusual or infrequent items
recorded by certain of our equity method investees. Refer to Note 17.
• Net tax benefit of $20 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 2013 results were impacted by one additional shipping day compared to the fourth quarter of 2012.
Furthermore, the Company recorded the following transactions which impacted results:
• Charges of $50 million for Europe, $92 million for North America, $10 million for Asia Pacific, $108 million for Bottling
Investments and $24 million for Corporate due to charges related to the Company’s productivity and reinvestment program as
well as other restructuring initiatives. Refer to Note 17 and Note 18.
• Charge of $5 million for Corporate due to impairment charges recorded on certain of the Company’s intangible assets. Refer to
Note 16 and Note 17.
• Charge of $11 million for Asia Pacific due to charges associated with certain of the Company’s fixed assets. Refer to Note 7 and
Note 17.
• Net charge of $134 million for Bottling Investments due to the Company’s proportionate share of unusual or infrequent items
recorded by certain of our equity method investees. Refer to Note 17.
• Charge of $27 million for Corporate due to the early extinguishment of certain long-term debt. Refer to Note 10.
• Net tax benefit of $15 million related to amounts required to be recorded for changes to our uncertain tax positions, including
interest and penalties. Refer to Note 14.