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TEXAS INSTRUMENTS 2006 ANNUAL REPORT
3434
Major Customer
Direct sales to the Nokia group of companies were 11 percent of our revenue in 2006, 2005 and 2004, although if indirect sales
such as to contract manufacturers are included, Nokia accounted for 15 percent, 16 percent and 13 percent of our 2006, 2005
and 2004 revenue.
13. Income Taxes
Income from Continuing Operations before Income Taxes
U.S. Non-U.S. Total
2006 ............................................................................... $ 2,582 $ 1,043 $ 3,625
2005 ............................................................................... 1,770 985 2,755
2004 ............................................................................... 1,373 799 2,172
Provision for Income Taxes
U.S.
Federal
Non-
U.S.
U.S.
State Total
2006
Current ............................................................... $ 885 $ 280 $ 22 $ 1,187
Deferred ............................................................. (218) 31 (13) (200)
Total ................................................................. $667 $311 $ 9 $ 987
2005
Current ............................................................... $ 481 $ 293 $ 2 $ 776
Deferred ............................................................. (176) (12) (6) (194)
Total ................................................................. $ 305 $ 281 $ (4) $ 582
2004
Current ............................................................... $ 194 $ 211 $ 6 $ 411
Deferred ............................................................. 120 (48) (2) 70
Total ................................................................. $ 314 $ 163 $ 4 $ 481
Principal reconciling items from income tax computed at the statutory federal rate follow:
2006 2005 2004
Computed tax at statutory rate ..................................................... $ 1,269 $965 $760
Effect of non-U.S. rates ............................................................ (80) (144) (138)
AJCA repatriation tax ............................................................. —55 —
Research and experimentation tax credits ........................................... (78) (62) (58)
Favorable proposed audit adjustments communicated by tax authorities ................ —(147) —
U.S. tax benefits for manufacturing and foreign sales ................................. (106) (82) (79)
Other ............................................................................ (18) (3) (4)
Total provision for income taxes .................................................... $987 $582 $481