Tyson Foods 2014 Annual Report Download - page 72

The amount of unrecognized tax benefits, if recognized, that would impact our effective tax rate was $241 million and $149 million at
September 27, 2014 , and September 28, 2013 , respectively. We classify interest and penalties on unrecognized tax benefits as income tax
expense. At September 27, 2014 , and September 28, 2013 , before tax benefits, we had $54 million and $63 million , respectively, of accrued
interest and penalties on unrecognized tax benefits.
As of September 27, 2014
, we are subject to income tax examinations for U.S. federal income taxes for fiscal years 2011 through 2013. We are
also subject to income tax examinations by major state and foreign jurisdictions for fiscal years 2005 through 2013 and 2002 through 2013,
respectively. We estimate that during the next twelve months it is reasonably possible that unrecognized tax benefits could decrease by as much
as $30 million primarily due to expiration of statutes in various jurisdictions.
NOTE 10: OTHER INCOME AND CHARGES
During fiscal 2014, we recorded $11 million of equity earnings in joint ventures, $3 million in net foreign currency exchange gains, $6 million
of other than temporary impairment related to an available-for-sale security and $60 million of costs associated with bridge financing facilities
for the Hillshire Brands acquisition, which were recorded in the Consolidated Statements of Income in Other, net.
During fiscal 2013, we recorded a $19 million currency translation adjustment gain recognized in conjunction with the receipt of proceeds
constituting the final resolution of our investment in Canada, which was recorded in the Consolidated Statements of Income in Other, net.
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.
64