Impairment and Other Charges (Credits), Net


In millions, except per share data	*2011*			2010			2009
Europe	$	0.3		$	1.6		$	4.3
APMEA		(4.2	)		48.5			(0.2	)
Other Countries & Corporate					(21.0	)		(65.2	)
Total	$	(3.9	)	$	29.1		$	(61.1	)
After tax⁽¹⁾	$	17.1		$	24.6		$	(91.4	)
Earnings per common share-diluted	$	0.01		$	0.02		$	(0.08	)

(1)

Certain items were not tax effected.

In 2010, the Company recorded after tax charges of $39.3 million related to its share of restaurant closing costs in McDonald’s Japan (a 50%-owned affiliate) in conjunction with the strategic review of the market’s restaurant portfolio. These actions were designed to enhance the brand image, overall profitability and returns of the market. The Company also recorded pretax income of $21.0 million related to the resolution of certain liabilities retained in connection with the 2007 Latin America developmental license transaction.

In 2009, the Company recorded pretax income of $65.2 million related primarily to the resolution of certain liabilities retained in connection with the 2007 Latin America developmental license transaction. The Company also recognized a tax benefit in 2009 in connection with this income, mainly related to the release of a tax valuation allowance.