DuPont 2014 Annual Report Download - page 72
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E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
F-19
The company and/or its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various states and non-U.S.
jurisdictions. With few exceptions, the company is no longer subject to U.S. federal, state and local, or non-U.S. income tax
examinations by tax authorities for years before 2004. A reconciliation of the beginning and ending amounts of unrecognized tax
benefits is as follows:
2014 2013 2012
Total unrecognized tax benefits as of January 1 $ 901 $ 805 $ 800
Gross amounts of decreases in unrecognized tax benefits as a result of tax positions
taken during the prior period (50)(28)(94)
Gross amounts of increases in unrecognized tax benefits as a result of tax positions
taken during the prior period 84 76 73
Gross amounts of increases in unrecognized tax benefits as a result of tax positions
taken during the current period 92 92 78
Amount of decreases in the unrecognized tax benefits relating to settlements with taxing
authorities (15)(19)(29)
Reduction to unrecognized tax benefits as a result of a lapse of the applicable statute of
limitations (3)(6)(10)
Exchange gain (23)(19)(13)
Total unrecognized tax benefits as of December 31 $ 986 $ 901 $ 805
Total unrecognized tax benefits that, if recognized, would impact the effective tax rate $ 818 $ 778 $ 693
Total amount of interest and penalties recognized in the Consolidated Income Statements $ 5 $ 16 $ 4
Total amount of interest and penalties recognized in the Consolidated Balance Sheets $ 117 $ 122 $ 116