|FIRST DATA CORP filed this Form 10-Q on 07/30/2018|
FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
reduced at the same time. The Company believes it is reasonably possible that the liability for unrecognized tax benefits may decrease by up to $34 million over the next twelve months beginning July 1, 2018 as a result of the potential settlements with certain states and foreign countries, the lapse of the statute of limitations in various state and foreign jurisdictions and other events.
Note 8: Redeemable Noncontrolling Interest
One of the Company's noncontrolling interests is redeemable at the option of the holder and is presented outside of equity and carried at its estimated redemption value.
The following table presents a summary of the redeemable noncontrolling interest activity during the six months ended June 30, 2018 and 2017:
Note 9: Other Operating Expenses
The following table details the components of "Other operating expenses" in the unaudited consolidated statements of operations for the three and six months ended June 30, 2018 and 2017:
During the three and six months ended June 30, 2018 and 2017, the Company recorded restructuring charges in connection with ongoing expense management initiatives. The Company has ongoing initiatives, which are expected to result in $10 million in additional restructuring costs over the next twelve months. The Company continues to evaluate operating efficiencies and could incur further restructuring costs beyond these initiatives.
A summary of net pretax charges incurred by segment was as follows for the three and six months ended June 30, 2018 and 2017: