PROCTER & GAMBLE Co | 2013 | FY | 3


A reconciliation of the U.S. federal statutory income tax rate to our actual income tax rate on continuing operations is provided below:
Years ended June 30
2013
 
2012
 
2011
U.S. federal statutory income tax rate
35.0
 %
 
35.0
 %
 
35.0
 %
Country mix impacts of foreign operations
(7.6
)%
 
(8.1
)%
 
(8.2
)%
Changes in uncertain tax positions
(1.8
)%
 
(1.3
)%
 
(3.6
)%
Impairment adjustments
0.6
 %
 
3.7
 %
 
 %
Holding gain on joint venture buy-out
(1.4
)%
 
 %
 
 %
Other
(1.6
)%
 
(2.2
)%
 
(1.2
)%
EFFECTIVE INCOME TAX RATE
23.2
 %
 
27.1
 %
 
22.0
 %

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