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Selected Quarterly Financial Information
Press Releases
November 24, 2008
(a)
In fiscal 2009, the company recorded pre-tax restructuring related costs in cost of products sold of $7 million ($5 million 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 North America Foodservice segment.
(b)
In fiscal 2009, the company recognized $26 million ($16 million 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.
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