Xerox 2015 Annual Report Download - page 131
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Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plans. A
one-percentage-point change in assumed health care cost trend rates would have the following effects:
1% increase 1% decrease
Effect on total service and interest cost components $ 4$(4)
Effect on post-retirement benefit obligation 62 (54)
Defined Contribution Plans
We have post-retirement savings and investment plans in several countries, including the U.S., U.K. and Canada. In
many instances, employees from those defined benefit pension plans that have been amended to freeze future service
accruals (see "Plan Amendments" for additional information) were transitioned to an enhanced defined contribution
plan. In these plans employees are allowed to contribute a portion of their salaries and bonuses to the plans, and we
match a portion of the employee contributions. We recorded charges related to our defined contribution plans of $100
in 2015, $102 in 2014 and $89 in 2013.
Note 17 - Income and Other Taxes
Income before income taxes (pre-tax income) was as follows:
Year Ended December 31,
2015 2014 2013
Domestic income $ 5 $ 675 $905
Foreign income 407 531 338
Income Before Income Taxes $412 $1,206 $1,243
(Benefit) provision for income taxes were as follows:
Year Ended December 31,
2015 2014 2013
Federal Income Taxes
Current $(155)$ (3)$ 17
Deferred 11 79 66
Foreign Income Taxes
Current 100 115 82
Deferred 14 (16)36
State Income Taxes
Current —34 37
Deferred 7615
Total (Benefit) Provision $(23)$ 215 $253
Xerox 2015 Annual Report 114