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Income Taxes
3 Months Ended
Jul. 03, 2015
Income Taxes [Abstract]  
Income Taxes
Income Taxes

The Company's effective tax rate from continuing operations (ETR) was 28.1% and 25.7% for the first quarter ended July 3, 2015 and July 4, 2014, respectively. The primary driver of the ETR for the quarter ended July 3, 2015 was the global mix of income. The primary driver of the ETR for the quarter ended July 4, 2014 was the global mix of income and the change in valuation allowance in a non-U.S. jurisdiction, which decreased the ETR by 7.5%. For the tax impact of discontinued operations, see Note 4.

There were no material changes to uncertain tax positions in the first quarter of fiscal 2016 compared to the fiscal 2015 year-end.

The Internal Revenue Service (IRS) is examining the Company's federal income tax returns for fiscal years 2008 through 2013. The IRS examined several issues for the fiscal years 2008 through 2010 that resulted in audit adjustments to the Company’s federal income tax return. The Company does not agree with many of the proposed adjustments and has filed an Appeals brief. Therefore, the Company now expects to reach a resolution for fiscal years 2008 through 2010 no earlier than fiscal year 2017. The significant items subject to examination primarily relate to foreign exchange losses and other US international tax issues. The IRS has not proposed any adjustments for the fiscal years 2011 through 2013. In addition, the Company may settle certain other tax examinations, have lapses in statutes limitations, or voluntarily settle income tax positions in negotiated settlements for different amounts than the Company has accrued as uncertain tax positions. The Company may need to accrue and ultimately pay additional amounts for tax positions that previously met a more likely than not standard if such positions are not upheld. Conversely, the Company could settle positions with the tax authorities for amounts lower than those that have been accrued or extinguish a position though payment. The Company believes the outcomes which are reasonably possible within the next twelve months may result in a reduction in liability for uncertain tax positions of up to $103 million, excluding interest, penalties, and tax carryforwards.