The key word here is "or." Unusual or infrequent items are unusual or infrequent, but NOT both. These items are reported (as a separate line item) as a component of net income from continuing operations.

Examples of unusual or infrequent items include:

• Gains or losses from the disposal of a business segment (employee separation costs, plant shutdown costs, etc.)
• Gains or losses from the sale of assets or investments in subsidiaries
• Provisions for environmental remediation
• Impairments, write-offs, write-downs, and restructuring costs
• Integration expenses associated with businesses that have been recently acquired.