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Discontinued Operations (Tables)
12 Months Ended
Jun. 28, 2014
Operating Results Of Discontinued Operations
Results of Discontinued Operations
The amounts in the tables below reflect the operating results of the businesses reported as discontinued operations up through the date of disposition, exclusive of any gains or losses related to the disposal of these discontinued operations.
In millions
 
Net Sales
 
Pretax Income (Loss)
 
Income (Loss)
2014
 
 
 
 
 
 
Australian Bakery
 

 
2

 
1

Total
 
$

 
$
2

 
$
1

2013
 
 
 
 
 
 
North American Fresh Bakery
 
$

 
$
1

 
$
1

North American Foodservice Beverage
 

 
3

 
2

International Coffee and Tea
 

 

 
6

European Bakery
 

 

 
(3
)
International Household and Body Care
 

 

 
1

Australian Bakery
 
80

 
3

 
8

Total
 
$
80

 
$
7

 
$
15

2012
 
 
 
 
 
 
North American Fresh Bakery
 
$
724

 
$
29

 
$
163

North American Refrigerated Dough
 
74

 
13

 
9

North American Foodservice Beverage
 
330

 
(15
)
 
(9
)
International Coffee and Tea
 
3,728

 
224

 
662

European Bakery
 
262

 
(384
)
 
(358
)
International Household and Body Care
 
111

 
(5
)
 
(2
)
Australian Bakery
 
136

 
(2
)
 
(2
)
Total
 
$
5,365

 
$
(140
)
 
$
463

Cash Flow Impacts Of Discontinued Operations
Discontinued Operations Cash Flows
The company's discontinued operations impacted the cash flows of the company as follows:
In millions
 
2014
 
2013
 
2012
Discontinued operations impact on
 
 
 
 
 
 
Cash from operating activities
 
$
1

 
$
10

 
$
122

Cash from (used in) investing activities
 

 
86

 
(368
)
Cash used in financing activities
 
(1
)
 
(95
)
 
(1,530
)
Effect of changes in foreign exchange rates on cash
 

 
(1
)
 
(216
)
Net cash impact of discontinued operations
 
$

 
$

 
$
(1,992
)
Cash balance of discontinued operations
 
 
 
 
 
 
At start of period
 
$

 
$

 
$
1,992

At end of period
 

 

 

Increase (decrease) in cash of discontinued operations
 
$

 
$

 
$
(1,992
)
Gain (Loss) On Sale Of Discontinued Operations
Gain (Loss) on the Sale of Discontinued Operations
The gain (loss) on the sale of discontinued operations recognized in 2013 and 2012 are summarized in the following tables. There was no gain (loss) on the sale of discontinued operations recognized during 2014.
 
In millions
Pretax Gain (Loss) on Sale
 
Tax (Expense)/Benefit
 
After Tax Gain (Loss)
2013
 
 
 
 
 
North American Fresh Bakery
$
10

 
$
(4
)
 
$
6

North American Foodservice Beverage
2

 
2

 
4

North American Refrigerated Dough

 
(1
)
 
(1
)
Non-European Insecticides

 
2

 
2

Australian Bakery
56

 
(14
)
 
42

Total
$
68

 
$
(15
)
 
$
53

2012
 
 
 
 
 
North American Fresh Bakery
$
94

 
$
(33
)
 
$
61

North American Foodservice Beverage
222

 
(76
)
 
146

North American Refrigerated Dough
198

 
(156
)
 
42

European Bakery
11

 
(45
)
 
(34
)
Non-European Insecticides
249

 
(59
)
 
190

Air Care Products
(10
)
 
(1
)
 
(11
)
Other Household and Body Care
8

 
3

 
11

Total
$
772

 
$
(367
)
 
$
405