Seagate 2014 Annual Report Download - page 89
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TableofContents
SEAGATETECHNOLOGYPLC
NOTESTOCONSOLIDATEDFINANCIALSTATEMENTS—(Continued)
7.IncomeTaxes
Theprovisionfor(benefitfrom)incometaxesconsistedofthefollowing:
Incomebeforeincometaxesconsistedofthefollowing:
TheCompanyrecorded$2million,$0.3millionand$1millionofexcesstaxbenefitsassociatedwithstockoptiondeductionsinfiscalyears2015,2014and
2013,respectively.
86
FiscalYearsEnded
(Dollarsinmillions)
July3,
2015
June27,
2014
June28,
2013
Currentincometaxexpense(benefit):
U.S.Federal $ — $ (12) $ 3
U.S.State 4 3 10
Non-U.S. 222 62 50
TotalCurrent 226 53 63
Deferredincometaxexpense(benefit):
U.S.Federal (6) (43) (49)
U.S.State (2) 2 (1)
Non-U.S. 10 (26) (20)
TotalDeferred 2 (67) (70)
Provisionfor(benefitfrom)incometaxes $ 228 $ (14) $ (7)
FiscalYearsEnded
(Dollarsinmillions)
July3,
2015
June27,
2014
June28,
2013
U.S. $ 101 $ 149 $ 175
Non-U.S 1,869 1,407 1,656
$ 1,970 $ 1,556 $ 1,831