Kroger 2010 Annual Report Download - page 126

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A-46
NO T E S T O CO N S O L I D A T E D FI N A N C I A L ST A T E M E N T S , CO N T I N U E D
4. TA X E S BA S E D O N IN C O M E
The provision for taxes based on income consists of:
2010 2009 2008
Federal
Current .......................................... $ 697 $193 $304
Deferred ......................................... (136) 275 331
561 468 635
State and local
Current .......................................... 95 41 46
Deferred ......................................... (55) 23 36
40 64 82
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 601 $532 $717
A reconciliation of the statutory federal rate and the effective rate follows:
2010 2009 2008
Statutory rate ....................................... 35.0% 35.0% 35.0%
State income taxes, net of federal tax benefit . . . . . . . . . . . . . 1.5% 7.1% 2.7%
Credits ............................................ (1.3)% (3.4)% (1.0)%
Favorable resolution of issues .......................... (.8)% (2.5 )% —
Goodwill impairment ................................ — 53.9% —
Other changes, net .................................. 0.3% 0.3% (0.2)%
34.7% 90.4% 36.5%