Seagate 2013 Annual Report Download - page 93

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Table of Contents
SEAGATE TECHNOLOGY PLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
7. Income Taxes
The (benefit from) provision for income taxes consisted of the following:
Income before income taxes consisted of the following:
The Company recorded $0.3 million, $1 million and $6 million of excess tax benefits associated with stock option deductions in fiscal years
2014, 2013 and 2012, respectively.
87
Fiscal Years Ended
(Dollars in millions)
June 27,
2014
June 28,
2013
June 29,
2012
Current tax expense (benefit):
U.S. Federal
$
(12
)
$
$
—
U.S. State
10
(2
)
Non
-
U.S.
62
50
50
1
1
1
1
1
1
1
1
Total Current
53
63
48
Deferred tax expense (benefit):
U.S. Federal
(43
)
(49
)
(30
)
U.S. State
(1
)
Non
-
U.S.
(26
)
(20
)
—
Total Deferred
(67
)
(70
)
(28
)
1
1
1
1
1
1
1
1
(Benefit from) provision for income taxes
$
(14
)
$
(7
)
$
20
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
Fiscal Years Ended
(Dollars in millions)
June 27,
2014
June 28,
2013
June 29,
2012
U.S.
$
149
$
175
$
137
Non
-
U.S
1,407
1,656
2,745
1
1
1
1
1
1
1
1
$
1,556
$
1,831
$
2,882
1
1
1
1
1
1
1
1