1 18 the SITME system. The Company believes that the new of ficial rate of 6.30 bolivars to one USD will be the rate that the Company will be allowed to use to repatriate cash from V enezuela. While the Company continues to evaluate the impact of these actions by the V enezuelan government these actions are expected to result in a one-time char ge in the first quarter of 2013 primarily related to the Company’ s remeasurement of its local balance sheet on the date of the devaluation. The non-recurring pre-tax char ge in the first quarter of 2013 is expected to be in the range of $42 million which will be recorded as other expense. There was no impact to the Company's 2012 results of operations or cash flows. T able of Contents