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The earnings per share amounts are the same for common stock and Class B common stock because the
holders of each class are legally entitled to equal per share distributions whether through dividends or in
liquidation.
NOTE 14 — Restructuring Charges
In conjunction with the reorganization of our business around our global brands, and the resulting
centralization of locations and brand management, marketing and administrative personnel as well as certain
customer operations centers, we recognized $34 million in restructuring charges during the year ended
December 31, 2009. Restructuring charges related to our brand reorganization were completed by the end of
2009.
The following table summarizes the restructuring activity for the years ended December 31, 2009, 2010 and
2011:
Employee
Severance and
Benefits Other Total
(In thousands)
Accrued liability as of January 1, 2009 $ — $ — $ —
Charges 31,018 3,150 34,168
Payments (11,859) (1,203) (13,062)
Non-cash items (103) (629) (732)
Accrued liability as of December 31, 2009 19,056 1,318 20,374
Payments (17,346) (849) (18,195)
Accrued liability as of December 31, 2010 1,710 469 2,179
Payments (775) — (775)
Non-cash items (685) (469) (1,154)
Accrued liability as of December 31, 2011 $ 250 $ — $ 250
NOTE 15 — Other Income (Expense)
Other, net
The following table presents the components of other, net:
For the Year Ended December 31,
2011 2010 2009
(In thousands)
Foreign exchange rate losses, net $(8,465) $(16,159) $(29,475)
Noncontrolling investment basis adjustment — — (5,158)
Other(1) 1,428 587 (71)
Total $(7,037) $(15,572) $(34,704)
(1) Other primarily includes equity gains (losses) on unconsolidated affiliates and other miscellaneous gains
and losses.
In 2009, in conjunction with the acquisition of additional interest in one of our equity method investments,
we remeasured our previously held equity interest to fair value and recognized the resulting loss of $5 million.
F-34