Taxes on income from continuing operations

9 Months Ended

Sep. 29, 2013

Taxes on income from continuing operations

Note 12 — Taxes on income from continuing operations

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
Effective income tax rate		10.2	%		22.8	%		14.0	%		(1.4	)%

The effective income tax rate for the three months and nine months ended September 29, 2013 was 10.2% and 14.0%, respectively, compared to 22.8% and (1.4)% for the three months and nine months ended September 30, 2012, respectively. The effective tax rate for the three months ended September 29, 2013 was impacted by the realization of net tax benefits resulting from the expiration of statutes of limitation for a U.S. matter and tax benefits associated with U.S. and foreign tax return filings. In addition to the aforementioned items, the nine months ended September 29, 2013 was impacted by the realization of net tax benefits resulting from the resolution of a foreign tax matter and the expiration of statutes of limitation for a U.S. state matter. The effective income tax rate for the nine months ended September 30, 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.