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WESTERN DIGITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Stock Reserved for Issuance
The following table summarizes all shares of common stock reserved for issuance at June 29, 2012 (in millions):
Number
of Shares
Maximum shares issuable in connection with:
Outstanding awards and shares available for award grants ............................. 25.7
ESPP .................................................................... 2.0
Total ..................................................................... 27.7
Note 9. Income Taxes
Pre-tax Income
The domestic and foreign components of income before income taxes were as follows for the three years ended
June 29, 2012 (in millions):
2012 2011 2010
Foreign ...................................................... $1,559 $660 $1,418
Domestic .................................................... 198 120 102
Income before income taxes .................................... $1,757 $780 $1,520
Income Tax Provision
The components of the provision for income taxes were as follows for the three years ended June 29, 2012 (in
millions):
2012 2011 2010
Current:
Foreign ....................................................... $ 12 $12 $ 9
Domestic-federal ................................................ 98 21 101
Domestic-state .................................................. 1 1 1
Deferred:
Foreign ....................................................... 18 — —
Domestic-federal ................................................ 25 30 37
Domestic-state .................................................. (9) (10) (10)
Income tax provision ........................................... $145 $ 54 $138
Remaining net undistributed earnings from foreign subsidiaries at June 29, 2012 on which no U.S. tax has been
provided amounted to $6.3 billion. The net undistributed earnings are intended to finance local operating require-
ments and capital investments. Accordingly, an additional U.S. tax provision has not been made on these earnings.
The tax liability for these earnings would be $2.1 billion if the Company repatriated the $6.3 billion in undistributed
earnings from the foreign subsidiaries.
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