Mondelez 2014 Annual Report Download - page 27

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Table of Contents
Disc ussion and Analysis of Historical Results
Items Affecting Comparability of Financial Results
The following table includes significant income or (expense) items that affected the comparability of our pre-
tax results of operations
and our effective tax rates. Please refer to the notes to the consolidated financial statements indicated below for more information.
Refer also to the Consolidated Results of Operations – Net Earnings and Earnings per Share Attributable to Mondelēz International
table for the per share impacts of these items.
24
For the Years Ended December 31,
See Note
2014
2013
2012
(in millions of U.S. dollars)
Planned coffee business transactions:
Note 2
Incremental costs for readying the businesses
$
(77
)
$
–
$
–
Unrealized gain on currency hedge
628
–
–
2014
-
2018 Restructuring Program:
Note 6
Restructuring charges
(274
)
–
–
Implementation charges
(107
)
–
–
2012
-
2014 Restructuring Program:
Note 6
Restructuring charges
(360
)
(267
)
(102
)
Implementation charges
(99
)
(63
)
(8
)
Remeasurement of Venezuelan net monetary
assets:
Note 1
March 31, 2013: 4.30 to 6.30 bolivars
to U.S. dollar –
(
54
)
–
March 31, 2014: 6.30 to 10.70 bolivars
to U.S. dollar
(142
)
–
–
SICAD I remeasurements through
December 31, 2014
(25
)
–
–
Loss on debt extinguishment and
related expenses
Note 8
(495
)
(612
)
–
Benefit from indemnification resolution
Note 11 –
385
–
Acquisitions, divestitures and sales of property:
Note 2
Gain on Morocco acquisition –
22
–
Acquisition-related costs
(2
)
(7
)
–
Other acquisition integration costs
(4
)
(4
)
–
Gains on divestitures
–
8
107
Gains on sales of properties
7
68
77
Spin
-
Off Costs
Note 2
(35
)
(62
)
(1,053
)
Gain on resolution of
Starbucks arbitration
Note 2
–
2,522
–
Cadbury Integration Program
Note 7
8
(216
)
(185
)
Effective tax rate
Note 15
13.8%
2.5%
9.5%