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Selected Quarterly Financial Information




(a) In the second quarter of fiscal 2009, the company recorded pre-tax restructuring related costs in cost of products sold of $8 ($5 after tax or $.01 per share) related to the initiatives announced in April 2008 to improve operational efficiency. The restructuring related costs were recognized in the following segments: $6 in North America Foodservice and $2 in Baking and Snacking.


On a year-to-date basis, the company recorded pre-tax restructuring related costs in cost of products sold of $15 ($10 after tax or $.03 per share) related to the initiatives announced in April 2008 to improve operational efficiency. The restructuring related costs were recognized in the following segments: $13 in North America Foodservice and $2 in Baking and Snacking.


(b) In fiscal 2009, the company recognized $26 ($16 after tax or $.04 per share) in cost of products sold related to unrealized losses on the fair value of open commodity futures contracts. The losses are included in Unallocated corporate expenses.


(c) In the second quarter of fiscal 2008, the company recognized a $13 million (or $0.3 per share) tax benefit related to the favorable resolution of a state tax contingency.