Symantec 2015 Annual Report Download - page 162

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Note 11. Income Taxes
The components of the provision for income taxes are as follows:
Year Ended
April 3,
2015
March 28,
2014
March 29,
2013
(Dollars in millions)
Current:
Federal $ 72 $ 111 $ 104
State 13 23 23
International 115 78 87
200 212 214
Deferred:
Federal 20 36 27
State (3) 17 5
International (2) (7) 5
15 46 37
Provision for income taxes $ 215 $ 258 $ 251
Pretax income from international operations was $617 million, $612 million, and $652 million for fiscal
2015, 2014, and 2013, respectively.
The difference between our effective income tax and the federal statutory income tax is as follows:
Year Ended
April 3,
2015
March 28,
2014
March 29,
2013
(Dollars in millions)
Federal statutory tax $ 382 $ 405 $ 351
State taxes, net of federal benefit 20 26 25
Foreign earnings taxed at less than the federal rate (127) (131) (96)
Domestic production activities deduction (12) (14) (12)
Federal research and development credit (11) (6) (10)
Valuation allowance (decrease) increase 4 (3) —
Nondeductible separation costs 11 — —
Change in uncertain tax positions (57) (26) (9)
Other, net 5 7 2
Provision for income taxes $ 215 $ 258 $ 251
84