Mondelez 2012 Annual Report Download - page 98

Table of Contents
The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following at
December 31, 2012 and 2011:
Our significant allowances reside within our operating subsidiaries in Mexico, Ireland, U.K., and U.S.
Note 15. Earnings Per Share
Basic and diluted EPS from continuing and discontinued operations were calculated using the following:
We exclude antidilutive Mondelēz International stock options from our calculation of weighted-average shares for diluted EPS. We
excluded 7.3 million antidilutive options for the year ended December 31, 2012, 9.2 million antidilutive options for the year ended
December 31, 2011 and 28.5 million antidilutive options for the year ended December 31, 2010.
95
2012
2011
(in millions)
Deferred income tax assets:
Accrued postretirement and postemployment benefits
$
157
$
1,276
Accrued pension costs
678
1,007
Other
2,360
3,124
Total deferred income tax assets
3,195
5,407
Valuation allowance
(429
)
(467
)
Net deferred income tax assets
$
2,766
$
4,940
Deferred income tax liabilities:
Trade names
$
(6,422
)
$
(7,565
)
Property, plant and equipment
(976
)
(2,084
)
Other
(967
)
(1,025
)
Total deferred income tax liabilities
(8,365
)
(10,674
)
Net deferred income tax liabilities
$
(5,599
)
$
(5,734
)
For the Years Ended December 31,
2012
2011
2010
(in millions, except per share data)
Earnings from continuing operations
$
1,567
$
1,737
$
672
Earnings from discontinued operations,
net of income taxes
1,488
1,810
3,467
Net earnings
3,055
3,547
4,139
Noncontrolling interest
27
20
25
Net earnings attributable to Mondel
ē
z International
$
3,028
$
3,527
$
4,114
Weighted
-
average shares for basic EPS
1,777
1,765
1,715
Plus incremental shares from assumed conversions of
stock options and long
-
term incentive plan shares
12
7
5
Weighted-average shares for diluted EPS
1,789
1,772
1,720
Basic earnings per share attributable to
Mondel
ē
z International:
Continuing operations
$
0.87
$
0.97
$
0.38
Discontinued operations
0.83
1.03
2.02
Net earnings attributable to Mondelēz International
$
1.70
$
2.00
$
2.40
Diluted earnings per share attributable to
Mondelēz International:
Continuing operations
$
0.86
$
0.97
$
0.38
Discontinued operations
0.83
1.02
2.01
Net earnings attributable to Mondelēz International
$
1.69
$
1.99
$
2.39