TripAdvisor 2015 Annual Report Download - page 91
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Areconciliationofthebeginningandendingamountofgrossunrecognizedtaxbenefits(excludinginterestandpenalties)isasfollows:
December 31,
2015 2014 2013
(in millions)
Balance,beginningofyear $ 67 $ 36 $ 24
Increasestotaxpositionsrelatedtothecurrentyear 15 13 12
Increasestotaxpositionsrelatedtotheprioryear 7 18 4
Reductionsduetolapsedstatuteoflimitations - - -
Decreasestotaxpositionsrelatedtotheprioryear - - (4)
Settlementsduringcurrentyear - - -
Balance,endofyear $ 89 $ 67 $ 36
AsofDecember31,2015,wehad$89millionofunrecognizedtaxbenefits,netofinterest,whichisclassifiedaslong-termandincludedinotherlong-term
liabilitiesonourconsolidatedbalancesheet.Theamountofunrecognizedtaxbenefits,ifrecognized,wouldreduceincometaxexpenseby$53million,dueto
correlativeadjustmentsinothertaxjurisdictions.Werecognizeinterestandpenaltiesrelatedtounrecognizedtaxbenefitsinincometaxexpenseonour
consolidatedstatementofoperations.AsofDecember31,2015and2014,totalgrossinterestaccruedwas$6millionand$4million,respectively.Wedonot
anticipateanymaterialchangesinthenextyear.
NOTE 10: ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accruedexpensesandothercurrentliabilitiesconsistedofthefollowingfortheperiodspresented:
December 31,
2015
December 31,
2014
(in millions)
Accruedsalary,bonus,andrelatedbenefits $ 47 $ 41
Accruedmarketingcosts 43 24
Accruedcharitablefoundationpayments(1) - 8
Other 33 41
Total $ 123 $ 114
(1) See“Note12—Commitments and Contingencies ”forinformationregardingcostsassociatedwiththeFoundation.
NOTE 11: OTHER LONG-TERM LIABILITIES
Otherlong-termliabilitiesconsistedofthefollowingfortheperiodspresented:
December 31,
2015
December 31,
2014
(in millions)
Unrecognizedtaxbenefits(1) $ 87 $ 68
Financingobligation,netofcurrentportion(2) 84 67
Other(3) 18 19
Total $ 189 $ 154
(1) See“Note9—Income Taxes ”foradditionalinformationonourunrecognizedtaxbenefits.Amountincludesaccruedinterestrelatedtothisliability.
(2) Referto“Note12–Commitments and Contingencies ,”foradditionalinformationonourcorporateheadquarterslease.
(3) Amountsprimarilyconsistoflongtermdeferredrentbalancesrelatedtooperatingleasesforofficespace.
NOTE 12: COMMITMENTS AND CONTINGENCIES
Wehavematerialcommitmentsandobligationsthatincludeofficespaceleasesandexpectedinterestonlong-termdebt,whicharenotaccruedonthe
consolidatedbalancesheetatDecember31,2015butweexpecttorequirefuturecashoutflows.
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