Tyson Foods 2012 Annual Report Download - page 53

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53
As of September 29, 2012, we are subject to income tax examinations for U.S. federal income taxes for fiscal years 2003 through
2011. We are also subject to income tax examinations by major state and foreign jurisdictions for fiscal years 2001 through 2011.
During fiscal 2013, tax audit resolutions could potentially change our unrecognized tax benefits by approximately $20 million because
tax positions are sustained on audit.
NOTE 9: OTHER INCOME AND CHARGES
During fiscal 2012, we recorded $16 million of equity earnings in joint ventures and $4 million in net foreign currency exchange
gains, which were recorded in the Consolidated Statements of Income in Other, net.
During fiscal 2011, we recorded an $11 million gain related to a sale of interests in an equity method investment. This gain was
recorded in the Consolidated Statements of Income in Other, net.
During fiscal 2010, we recognized $38 million of insurance proceeds received related to losses incurred from Hurricane Katrina in
2005. These proceeds are reflected in the Chicken segment’s Operating Income and included in the Consolidated Statements of
Income in Cost of Sales. Also in fiscal 2010, we recorded a $12 million impairment charge related to an equity method investment.
This charge is included in the Consolidated Statements of Income in Other, net.