Morgan Stanley 2015 Annual Report Download - page 243

MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
20. Income Taxes.
Provision for (Benefit from) Income Taxes.
Components of Provision for (Benefit from) Income Taxes.
2015 2014 2013
(dollars in millions)
Current:
U.S. federal .................................................. $ 239 $ (604) $ 229
U.S. state and local ............................................ 144 260 164
Non-U.S.:
U.K. .................................................... 247 88 178
Japan ................................................... 19 114 88
Hong Kong .............................................. 24 34 36
Other(1) ................................................. 333 258 301
Total ............................................... $ 1,006 $ 150 $ 996
Deferred:
U.S. federal .................................................. $ 1,031 $ (207) $ (3)
U.S. state and local ............................................ 43 (56) 1
Non-U.S.:
U.K. .................................................... (56) (31) (75)
Japan ................................................... 58 56 262
Hong Kong .............................................. 50 9 (14)
Other(1) ................................................. 68 (11) (265)
Total ............................................... $ 1,194 $ (240) $ (94)
Provision for (benefit from) income taxes from continuing operations ........ $ 2,200 $ (90) $ 902
Provision for (benefit from) income taxes from discontinued operations ...... $ (7) $ (5) $ (29)
(1) For 2015, Non-U.S. other jurisdictions included significant total tax provisions of $68 million, $62 million, $58 million, $45 million and $42 million from
Mexico, Brazil, Netherlands, India and France, respectively. For 2014, Non-U.S. other jurisdictions included significant total tax provisions of $44 million, $38
million and $38 million from Brazil, India and Mexico, respectively. For 2013, Non-U.S. other jurisdictions included significant total tax provisions (benefits) of
$59 million, $54 million and $(156) million from Brazil, India and Luxembourg, respectively.
The Company recorded net income tax provision (benefit) to Additional paid-in capital related to employee stock-based
compensation transactions of $(203) million, $(6) million and $121 million in 2015, 2014 and 2013, respectively.
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