Tyson Foods 2013 Annual Report Download - page 22

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22
Effective Tax Rate
2013 2012 2011
32.6% 36.4% 31.6%
The effective tax rate on continuing operations was impacted by a number of items which result in a difference between our effective
tax rate and the U.S. statutory rate of 35%. The table below reflects significant items impacting the rate as indicated.
2013 –
• Domestic production activity deduction reduced the rate 3.2%.
• General business credits reduced the rate 1.3%.
• State income taxes increased the rate 2.4%.
2012 –
• Domestic production activity deduction reduced the rate 1.8%.
• General business credits reduced the rate 0.7%.
• State income taxes increased the rate 1.5%.
• Foreign rate differences and valuation allowances increased the rate 1.8%.
2011 –
• Domestic production activity deduction reduced the rate 2.3%.
• General business credits reduced the rate 0.9%.
• State income taxes increased the rate 1.6%.
SEGMENT RESULTS
We operate in four segments: Chicken, Beef, Pork and Prepared Foods. The following table is a summary of sales and operating
income (loss), which is how we measure segment income (loss).
in millions
Sales Operating Income (Loss)
2013 2012 2011 2013 2012 2011
Chicken $ 12,296 $ 11,368 $ 10,783 $ 646 $ 484 $ 168
Beef 14,400 13,755 13,549 296 218 468
Pork 5,408 5,510 5,460 332 417 560
Prepared Foods 3,322 3,237 3,215 101 181 117
Other 46 167 127 — (14) (24)
Intersegment Sales (1,098) (982)(1,102) — — —
Total $ 34,374 $ 33,055 $ 32,032 $ 1,375 $ 1,286 $ 1,289