Dow Chemical 2009 Annual Report Download - page 69

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Table of Contents
The following table summarizes the impact of certain items recorded in 2009, 2008 and 2007:
Certain Items Impacting Results Pretax Impact on Net Income (2)
Impact on EPS (3)
In millions, except per share amounts 2009 2008 2007 2009 2008 2007 2009 2008 2007
Cost of sales:
One-time increase in cost of sales related to fair
valuation of Rohm and Haas inventories $ (209) - - $ (132) - - $ (0.13) - -
Impact of Hurricanes Gustav and Ike - $ (181) - - $ (115) - - $ (0.12) -
K-Dow related expenses - (69) - - (44) - - (0.05) -
Goodwill impairment losses (7) (239) - (7) (230) - (0.01) (0.25) -
Restructuring charges (689) (839) $ (578) (466) (628) $ (436) (0.45) (0.68) $ (0.46)
Purchased in-process research and development
charges (7) (44) (57) (5) (44) (50) (0.01) (0.05) (0.05)
Transaction, integration and other acquisition
costs (226) (49) - (170) (43) - (0.16) (0.05) -
Equity in earnings of nonconsolidated affiliates:
Dow Corning restructuring (29) - - (27) - - (0.03) - -
Equipolymers impairment (65) - - (65) - - (0.06) - -
Sundry income - net:
Net gain on sale of TRN (4) 457 - - 321 - - 0.29 - -
Gain on sale of OPTIMAL 339 - - 198 - - 0.18 - -
Loss on early extinguishment of debt (56) - - (36) - - (0.03) - -
Provision for income taxes:
German tax law change - - - - - (362) - - (0.38)
Change in EQUATE legal ownership structure - - - - - 113 - - 0.12
Total $ (492) $ (1,421) $ (635) $ (389) $ (1,104) $ (735) $ (0.41) $ (1.20) $ (0.77)
(1) Impact on “Income from Continuing Operations Before Income Taxes”
(2) Impact on “Net Income from Continuing Operations”
(3) Impact on “Net income from continuing operations available for common stockholders - Earnings per common share - diluted”
(4) Consists of a $513 million gain in “Sundry income – net” and hedging losses of $56 million in “Cost of sales.”
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