Seagate 2011 Annual Report Download - page 90

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Table of Contents
SEAGATE TECHNOLOGY PLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
7. Income Taxes
The provision for (benefit from) income taxes consisted of the following:
Income before income taxes consisted of the following:
The Company recorded an excess tax benefit associated with stock option deductions in fiscal years 2012 and 2011 of $6 million and
$2 million, respectively, and no excess tax benefits in 2010.
84
Fiscal Years Ended
(Dollars in millions)
June 29,
2012
July 1,
2011
July 2,
2010
Current tax expense (benefit):
U.S. Federal
$
—
$
(
6
)
$
(14
)
U.S. State
(2
)
—
1
Non
-
U.S.
50
28
9
Total Current
48
22
(4
)
Deferred tax expense (benefit):
U.S. Federal
(30
)
23
(37
)
U.S. State
2
3
2
Non
-
U.S.
—
20
(1
)
Total Deferred
(28
)
46
(36
)
Provision for (benefit from) income taxes
$
20
$
68
$
(40
)
Fiscal Years Ended
(Dollars in millions)
June 29,
2012
July 1,
2011
July 2,
2010
U.S.
$
137
$
100
$
58
Non
-
U.S
2,745
479
1,511
$
2,882
$
579
$
1,569