XML 25 R33.htm IDEA: XBRL DOCUMENT

Taxes (Tables)

12 Months Ended

Jan. 31, 2013

Components Of Income From Continuing Operations Before Income Taxes

The components of income from continuing operations before income taxes are as follows:



	Fiscal Years Ended January 31,
(Amounts in millions)	2013		2012		2011
U.S.	$	19,352	$	18,685	$	18,398
Non-U.S.	6,385		5,713		5,140
Total income from continuing operations before income taxes	$	25,737	$	24,398	$	23,538

Summary Of Provision For Income Taxes

A summary of the provision for income taxes is as follows:



	Fiscal Years Ended January 31,
(Amounts in millions)	2013			2012			2011
Current:
U.S. federal	$	5,611		$	4,596		$	4,600
U.S. state and local	622			743			637
International	1,766			1,403			1,466
Total current tax provision	7,999			6,742			6,703
Deferred:
U.S. federal	38			1,444			818
U.S. state and local	(8		)	57			39
International	(48		)	(299		)	19
Total deferred tax expense (benefit)	(18		)	1,202			876
Total provision for income taxes	$	7,981		$	7,944		$	7,579

Reconciliation Of Income Tax Rate And Federal Statutory Rate On Pretax Income

A reconciliation of the significant differences between the U.S. statutory tax rate and the effective income tax rate on pretax income from continuing operations is as follows:



	Fiscal Years Ended January 31,
	2013		2012		2011
U.S. statutory tax rate	35.0	%	35.0	%	35.0	%
U.S. state income taxes, net of federal income tax benefit	1.7	%	2.0	%	1.9	%
Income taxed outside the U.S.	(2.6	)%	(2.8	)%	(2.2	)%
Net impact of repatriated international earnings	(2.5	)%	(0.3	)%	(1.5	)%
Other, net	(0.6	)%	(1.3	)%	(1.0	)%
Effective income tax rate	31.0	%	32.6	%	32.2	%

Significant Components Of Deferred Tax Account Balances

The significant components of the Company's deferred tax account balances are as follows:



	January 31,
(Amounts in millions)	2013			2012
Deferred tax assets:
Loss and tax credit carryforwards	$	3,525		$	2,996
Accrued liabilities	2,683			2,949
Share-based compensation	204			376
Other	1,500			1,029
Total deferred tax assets	7,912			7,350
Valuation allowance	(2,225		)	(2,528		)
Deferred tax assets, net of valuation allowance	5,687			4,822
Deferred tax liabilities:
Property and equipment	5,830			5,891
Inventories	1,912			1,627
Other	1,157			409
Total deferred tax liabilities	8,899			7,927
Net deferred tax liabilities	$	3,212		$	3,105

Deferred Taxes Classification In Consolidated Balance Sheets

The deferred taxes are classified as follows in the Company's Consolidated Balance Sheets:



	January 31,
(Amounts in millions)	2013		2012
Balance Sheet classification:
Assets:
Prepaid expenses and other	$	520	$	815
Other assets and deferred charges	757		738
Asset subtotals	1,277		1,553
Liabilities:
Accrued liabilities	116		41
Deferred income taxes and other	4,373		4,617
Liability subtotals	4,489		4,658
Net deferred tax liabilities	$	3,212	$	3,105

Reconciliation Of Unrecognized Tax Benefits From Continuing Operations

A reconciliation of unrecognized tax benefits from continuing operations is as follows:



	Fiscal Years Ended January 31,
(Amounts in millions)	2013			2012			2011
Unrecognized tax benefits, beginning of year	$	611		$	795		$	1,019
Increases related to prior year tax positions	88			87			101
Decreases related to prior year tax positions	(232		)	(162		)	(61		)
Increases related to current year tax positions	431			56			199
Settlements during the period	(80		)	(161		)	(453		)
Lapse in statutes of limitations	—			(4		)	(10		)
Unrecognized tax benefits, end of year	$	818		$	611		$	795

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details