date:Dec 21, 2012
ange, with the past summers drought expected to modestly increase second-half inflation rates.
The companys second-half outlook assumes a higher tax rate than in the first half, reflecting the timing of tax expense for the year. The company also is anticipating possible currency devaluation in Venezuela during the second half of the fiscal year.
As we move into the second half, the global operating environment remains challenging, Powell said. We are working to build on our good performance