Raytheon 2012 Annual Report Download - page 132

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
124
(4) During the first quarter of 2011, RSL was notified by the U.K. Border Agency that it had given notice that it had presented a demand to draw on the
approximately $80 million of letters of credit provided by RSL. The impact of the adjustment reduced IIS operating income by $80 million.
(5) During the third quarter of 2011, we received final approval from the IRS and the U.S. Congressional Joint Committee on Taxation of the 2011 Tax
Settlement. As a result, our unrecognized tax benefits decreased by approximately $60 million, inclusive of $14 million of interest, all of which increased
our income from continuing operations.