Impairment And Other Charges

6 Months Ended

Dec. 31, 2011

Impairment And Other Charges [Abstract]

5.	Impairment and Other Charges

The company recognized impairment charges of $32 million in the first six months of 2012, all of which related to the writedown of capitalized computer software which were no longer determined to have any future use by the company. Of the total impairment charge, $14 million ($10 million after tax) was recognized in the second quarter of 2012 as part of general corporate expenses. The significant impairments are reported on the "Impairment Charges" line of the Condensed Consolidated Statement of Income. The related tax benefit is determined using the statutory tax rates for the tax jurisdiction in which the impairment occurred.

In 2012, the company incurred property and business interruption losses and other charges associated with a flood at our coffee facility in Thailand. The company incurred $2.5 million of losses in the period which will not be covered by insurance. The majority of these charges were recognized as part of general corporate expense.