operating income in Latin America increased in 2012, reflecting solid volume growth and favorable pricing across the group, partially offset by continued investments in the business, including some initial investments related to the 2014 FIFA World CupTM. 

North America's operating income for the years ended December 31, 2012 and 2011 was$2,597 million and $2,319 million, respectively. Operating income in 2012 was minimally impacted by fluctuations in foreign currency exchange rates and increased primarily due to volume growth and favorable pricing. The effects of these favorable impacts on operating income were partially offset by higher commodity costs and ongoing investment in marketplace executional capabilities. Additionally, operating income in 2012 was reduced by $221 million due to charges related to the Company’s productivity and reinvestment program as well as other restructuring initiatives, as compared to $358 million of restructuring charges related to the integration of CCE's former North America business in 2011. 

Operating income in Pacific for the years ended December 31, 2012 and 2011 was$2,516 million and $2,239 million, respectively. In 2012, operating income was favorably impacted by fluctuations in foreign currency exchange rates by 2 percent. Operating income also benefited from operating leverage as a result of productivity initiatives, as well as positive geographic mix, partially offset by shifts in product and channel mix. 

Our Bottling Investments segment's operating income for the years ended December 31, 2012 and 2011 was$140 million and $224 million, respectively. Operating income in 2012 was unfavorably impacted by fluctuations in foreign currency exchange rates by 19 percent. Operating income in 2012 was also reduced by $164 million due to charges related to the Company’s productivity and reinvestment program as well as other restructuring initiatives, as compared to $89 million of similar charges in 2011. 

The Corporate segment's operating loss for the years ended December 31, 2012 and 2011 was$1,391 million and $1,517 million, respectively. The 2012 loss was unfavorably impacted by fluctuations in foreign currency exchange rates by 1 percent. The 2012 operating loss was favorably impacted by charges of $33 million in 2012 related to the Company’s productivity and reinvestment program as well as other restructuring initiatives, as compared to $122 million of similar charges in 2011. 

Interest Income 

Year Ended December 31, 2013, versus Year Ended December 31, 2012 

Interest income was $534 million in 2013, compared to $471 million in 2012, an increase of $63 million, or 13 percent. The increase primarily reflects higher cash balances and an increased return on investments in certain of our international locations as well as additional investments in debt securities and money market funds in connection with the Company's overall cash management strategy. 

Year Ended December 31, 2012, versus Year Ended December 31, 2011 

Interest income was $471 million in 2012, compared to $483 million in 2011, a decrease of $12 million, or 2 percent. The decrease was primarily due to the impact of lower average