Energizer 2012 Annual Report Download - page 74

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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share and percentage data)
(5) Income Taxes
The provisions for income taxes consisted of the following for the years ended September 30:
2012 2011 2010
Currently payable:
United States - Federal $ 72.8 $ 34.0 $ 67.0
State 6.5 4.6 8.4
Foreign 80.1 79.8 66.3
Total current 159.4 118.4 141.7
Deferred:
United States - Federal (2.9)36.4 (7.8)
State (0.2)2.4 (0.3)
Foreign 0.2 (12.4) 6.8
Total deferred (2.9)26.4 (1.3)
Provision for income taxes $ 156.5 $ 144.8 $ 140.4
The source of pre-tax earnings was:
2012 2011 2010
United States $ 178.3 $ 191.6 $ 225.5
Foreign 387.1 214.4 317.9
Pre-tax earnings $ 565.4 $ 406.0 $ 543.4
A reconciliation of income taxes with the amounts computed at the statutory federal income tax rate follows:
2012 2011 2010
Computed tax at federal statutory rate $ 197.9 35.0 % $ 142.1 35.0% $ 190.2 35.0%
State income taxes, net of federal tax benefit 4.1 0.7 4.5 1.1 5.3 1.0
Foreign tax less than the federal rate (55.6) (9.8) (15.9) (3.9) (38.9) (7.2)
Tax benefits - special foreign dividend —— — — (23.5) (4.3)
Adjustments to prior years' tax accruals (7.0) (1.2) (1.7) (0.4) (6.1) (1.1)
Other taxes including repatriation of foreign earnings 16.2 2.9 15.3 3.8 11.0 2.0
Nontaxable share option (2.0) (0.4) 0.2 — (0.2) (0.1)
Other, net 2.9 0.5 0.3 0.1 2.6 0.5
Total $ 156.5 27.7% $ 144.8 35.7% $ 140.4 25.8%
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