Visa 2013 Annual Report Download - page 118
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VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2013
Income tax provision by fiscal year consisted of the following:
2013 2012 2011
(in millions)
Current:
U.S. federal ............................................. $ 568 $ 1,376 $ 1,365
State and local ........................................... (58) 165 311
Non-U.S. ................................................. 239 214 168
Total current taxes .......................................... 749 1,755 1,844
Deferred:
U.S. federal ............................................. 1,401 (1,276) 160
State and local ........................................... 114 (415) (2)
Non-U.S. ................................................ 13 18
Total deferred taxes ........................................ 1,528 (1,690) 166
Total income tax provision ................................... $ 2,277 $ 65 $ 2,010
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