HP 2010 Annual Report Download - page 129

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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 14: Taxes on Earnings
The domestic and foreign components of earnings were as follows for the following fiscal years
ended October 31:
2010 2009 2008
In millions
U.S. ................................................... $ 4,027 $2,569 $ 2,232
Non-U.S. ............................................... 6,947 6,846 8,241
$10,974 $9,415 $10,473
The provision for (benefit from) taxes on earnings was as follows for the following fiscal years
ended October 31:
2010 2009 2008
In millions
U.S. federal taxes:
Current ................................................. $ 484 $ 47 $ 405
Deferred ................................................ 231 956 686
Non-U.S. taxes:
Current ................................................. 1,345 1,156 922
Deferred ................................................ 21 (356) (85)
State taxes:
Current ................................................. 187 173 44
Deferred ................................................ (55) (221) 172
$2,213 $1,755 $2,144
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