Energizer 2013 Annual Report Download - page 77

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ENERGIZER HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share)
(6) Income Taxes
The provisions for income taxes consisted of the following for the years ended September 30:
2013 2012 2011
Currently payable:
United States - Federal $ 45.1 $ 72.8 $ 34.0
State 6.4 6.5 4.6
Foreign 66.1 80.1 79.8
Total current 117.6 159.4 118.4
Deferred:
United States - Federal 37.0 (2.9) 36.4
State 2.4 (0.2) 2.4
Foreign 3.9 0.2 (12.4)
Total deferred 43.3 (2.9) 26.4
Provision for income taxes $ 160.9 $ 156.5 $ 144.8
The source of pre-tax earnings was:
2013 2012 2011
United States $ 247.3 $ 178.3 $ 191.6
Foreign 320.6 387.1 214.4
Pre-tax earnings $ 567.9 $ 565.4 $ 406.0
A reconciliation of income taxes with the amounts computed at the statutory federal income tax rate follows:
2013 2012 2011
Computed tax at federal statutory rate $ 198.8 35.0 % $ 197.9 35.0% $ 142.1 35.0%
State income taxes, net of federal tax benefit 5.5 1.0 4.1 0.7 4.5 1.1
Foreign tax less than the federal rate (47.1) (8.3) (55.6) (9.8) (15.9) (3.9)
Adjustments to prior years' tax accruals (8.3) (1.5) (7.0) (1.2) (1.7) (0.4)
Other taxes including repatriation of foreign earnings 17.4 3.1 16.2 2.9 15.3 3.8
Nontaxable share option (5.4) (1.0) (2.0) (0.4) 0.2 —
Other, net —— 2.9 0.5 0.3 0.1
Total $ 160.9 28.3% $ 156.5 27.7% $ 144.8 35.7%
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