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PART II
ITEM8.Notes to Consolidated Financial Statements
ThefollowingtablesummarizestheactivitiesforourunvestedRSUsfortheyearendedDecember31,2013:
Unvested Restricted Stock Units
Number
of Shares
Weighted-Average
Grant-Date
Fair Value
Unvested at December 31, 2012 10,994,927 $566.32
Granted 5,713,847 $888.05
Vested (5,104,216) $593.19
Forfeited/canceled (627,578) $623.62
UnvestedatDecember31,2013 10,976,980 $718.39
ExpectedtovestafterDecember31,2013(1) 9,626,811 $718.39
(1) RSUsexpectedtovestreflectanestimatedforfeiturerate.
AsofDecember31,2013,therewas$6.2billionofunrecognizedcompensationcostrelatedtounvestedemployeeRSUs.This
amountisexpectedtoberecognizedoveraweighted-averageperiodof2.7years.Totheextenttheactualforfeiturerateis
dierentfromwhatwehaveestimated,stock-basedcompensationrelatedtotheseawardswillbedierentfromourexpectations.
Wehavetwo401(k)SavingsPlans(401(k)Plans)thatqualifyasdeferredsalaryarrangementsunderSection401(k)oftheInternal
RevenueCode.Underthese401(k)Plans,matchingcontributionsarebasedupontheamountoftheemployees’contributions
subjecttocertainlimitations.Wecontributedapproximately$136million,$180million,and$216millionfortheyearsended
December31,2011,2012,and2013.
Income Taxes
Incomefromcontinuingoperationsbeforeincometaxesincludedincomefromdomesticoperationsof$4,693million,$5,311million,
and$5,828millionfortheyearsendedDecember31,2011,2012,and2013,andincomefromforeignoperationsof$7,633million,
$8,075million,and$8,668millionfortheyearsendedDecember31,2011,2012,and2013.
Theprovisionforincometaxesconsistsofthefollowing(inmillions):
Year Ended December31,
2011 2012 2013
Current:
Federal $1,724 $2,342 $1,853
State 274 171 111
Foreign 248 358 771
Total 2,246 2,871 2,735
Deferred:
Federal 452 (328) (439)
State (109) (19) 14
Foreign 0 74 (28)
Total 343 (273) (453)
Provisionforincometaxes $2,589 $2,598 $2,282
Thereconciliationoffederalstatutoryincometaxratetooureectiveincometaxrateisasfollows(inmillions):
Year ended December31,
2011 2012 2013
Expectedprovisionatfederalstatutorytaxrate(35%) $ 4,314 $ 4,685 $ 5,076
Statetaxes,netoffederalbenet 122 99 89
Change in valuation allowance 27 1,921 (598)
Foreignratedierential (2,001) (2,200) (2,494)
Federal research credit (140) 0 (453)
BasisdierenceininvestmentofArris 0 (1,960) 644
Otheradjustments 267 53 18
Provisionforincometaxes $2,589 $ 2,598 $ 2,282
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