Foot Locker 2014 Annual Report Download - page 77
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FOOT LOCKER, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
16. Accumulated Other Comprehensive Loss − (continued)
Reclassifications from accumulated other comprehensive loss for the period ended January 31, 2015 were as
follows:
(in millions)
Amortization of actuarial (gain) loss:
Pension benefits − amortization of actuarial loss $15
Postretirement benefits − amortization of actuarial gain (3)
Net periodic benefit cost (see Note 20) 12
Income tax expense 4
Net of tax $8
17. Income Taxes
Following are the domestic and international components of pre-tax income:
2014 2013 2012
(in millions)
Domestic $654 $558 $508
International 155 105 99
Total pre-tax income $809 $663 $607
The income tax provision consists of the following:
2014 2013 2012
(in millions)
Current:
Federal $195 $164 $152
State and local 34 26 22
International 40 25 16
Total current tax provision 269 215 190
Deferred:
Federal 16 13 13
State and local 355
International 112
Total deferred tax provision 20 19 20
Total income tax provision $289 $234 $210
Provision has been made in the accompanying Consolidated Statements of Operations for additional income
taxes applicable to dividends received or expected to be received, if any, from international subsidiaries. The
amount of unremitted earnings of international subsidiaries for which no such tax is provided and which is
considered to be permanently reinvested in the subsidiaries totaled $999 million and $890 million at January 31,
2015 and February 1, 2014, respectively. The determination of the amount of the deferred tax liability related to
permanently reinvested earnings is not practicable.
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