Kimberly-Clark 2015 Annual Report Download - page 58
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Please find page 58 of the 2015 Kimberly-Clark annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Note 14 . Income Taxes
Ananalysisoftheprovisionforincometaxesfollows:
Year Ended December 31
2015
2014
2013
Currentincometaxes
UnitedStates $ 223
$ 350
$ 292
State 56
48
99
Othercountries 394
387
286
Total 673
785
677
Deferredincometaxes
UnitedStates (180)
67
85
State (74)
(16)
14
Othercountries (1)
20
52
Total (255)
71
151
Totalprovisionforincometaxes $ 418
$ 856
$ 828
Incomefromcontinuingoperationsbeforeincometaxesisearnedinthefollowingtaxjurisdictions:
Year Ended December 31
2015
2014
2013
UnitedStates $ 451
$ 1,571
$ 1,557
Othercountries 884
684
1,084
Totalincomebeforeincometaxes $ 1,335
$ 2,255
$ 2,641
Deferredincometaxassetsandliabilitiesarecomposedofthefollowing:
December 31
2015
2014
Deferredtaxassets
Pensionandotherpostretirementbenefits $ 682
$ 883
Taxcreditsandlosscarryforwards 443
538
Other 599
667
1,724
2,088
Valuationallowance (274)
(215)
Totaldeferredtaxassets 1,450
1,873
Deferredtaxliabilities
Pensionandotherpostretirementbenefits 254
260
Property,plantandequipment,net 1,118
1,162
Investmentsinsubsidiaries 186
223
Other 281
339
Totaldeferredtaxliabilities 1,839
1,984
Netdeferredtaxassets(liabilities) $ (389)
$ (111)
54 KIMBERLY-CLARKCORPORATION - 2015 Annual Report