Burger King 2012 Annual Report Download - page 102
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Table of Contents
The following table provides the amount of income tax expense (benefit) allocated to continuing operations and amounts separately allocated to other
items (in millions):
Income tax expense (benefit) from continuing operations $42.0 $26.6 $(28.2) $15.8 $97.5
Interest rate caps in accumulated other comprehensive income (loss) (2.2) (26.4) 13.9 — —
Interest rate swaps in accumulated other comprehensive income (loss) 0.3 — — 0.9 2.0
Pension liability in accumulated other comprehensive income (loss) (0.8) (5.8) 3.9 3.1 (11.3)
Net investment hedge in accumulated other comprehensive income (loss) (4.2) — — — —
Stock option tax benefit in additional paid-in capital — — — 0.4 (3.5)
Total $35.1 $(5.6) $(10.4) $20.2 $84.7
The significant components of deferred income tax expense (benefit) attributable to income from continuing operations are as follows (in millions):
Deferred income tax expense (exclusive of the effects of components listed below) $17.9 $(11.1) $ 12.2 $8.3 $15.7
Change in valuation allowance (8.3) 4.6 3.3 (3.8) (1.7)
Change in effective state income tax rate 0.8 — — — 0.8
Change in effective foreign income tax rate (1.5) — (1.0) (1.0) 2.1
Total $8.9 $(6.5) $ 14.5 $ 3.5 $16.9
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Source: Burger King Worldwide, Inc., 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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