Computer Associates 2006 Annual Report Download - page 151
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Note 8 — Income Taxes (Continued)
Income tax benefit consists of the following:
2006 2005 2004
Year Ended March 31,
(restated) (restated)
(in millions)
Current:
Federal .............................................. $108 $ 50 $135
Federal tax cost of repatriation under the American Jobs Creation
Act............................................... 55 — —
State. ............................................... 5 20 19
Foreign.............................................. 137 129 121
$ 305 $ 199 $ 275
Deferred:
Federal .............................................. $(180) $(138) $(225)
Federal tax cost of repatriation under the American Jobs Creation
Act............................................... (55) 55 —
State. ............................................... (32) (27) (29)
Foreign.............................................. (73) (82) (47)
$(340) $(192) $(301)
Total:
Federal .............................................. $ (72) $ (88) $ (90)
Federal tax cost of repatriation under the American Jobs Creation
Act............................................... — 55 —
State. ............................................... (27) (7) (10)
Foreign.............................................. 64 47 74
$ (35) $ 7 $ (26)
The (benefit) provision for income taxes is allocated as follows:
2006 2005 2004
Year Ended March 31,
(restated) (restated)
(in millions)
Continuing operations...................................... $(35) $7 $(26)
Discontinued operations .................................... (10) (1) 36
$(45) $ 6 $ 10
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