Taxes on income from continuing operations

3 Months Ended

Mar. 31, 2013

Taxes on income from continuing operations

Note 11 — Taxes on income from continuing operations

	Three Months Ended
	March 31, 2013		April 1, 2012
Effective income tax rate		21.7%		1.4%

The effective income tax rate for the three months ended March 31, 2013 was 21.7% compared to 1.4% for the three months ended April 1, 2012. The effective tax rate for the three months ended March 31, 2013 was impacted by a discrete tax benefit related to the extension of the research and development tax credit under the American Taxpayer Relief Act of 2012 and a shift in the mix of taxable income to foreign jurisdictions at lower statutory rates. The effective tax rate for the three months ended April 1, 2012, was impacted by a $332 million goodwill impairment charge recorded in the first quarter of 2012, for which only $45 million was tax deductible.