Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Net Provision For Income Taxes For Continuing Operations

The following is a summary of our net provision for income taxes for continuing operations:

Year Ended December 31	2011			2012			2013
Current:
U.S. federal	$	951		$	892		$	857
State	20			(9		)	28
International	181			138			132
Total current	1,152			1,021			1,017
Deferred:
U.S. federal	87			(172		)	108
State	—			(5		)	1
International	(73		)	29			(5		)
Total deferred	14			(148		)	104
Provision for income taxes, net	$	1,166		$	873		$	1,121
Net income tax payments	$	1,083		$	1,155		$	888

State and local income taxes allocable to U.S. government contracts are included in operating costs and expenses in the Consolidated Statements of Earnings (Loss) and, therefore, not included in the provision above.

Reconciliation From Statutory Federal Income Tax Rate To Effective Income Tax Rate

The reconciliation from the statutory federal income tax rate to our effective income tax rate follows:

Year Ended December 31	2011		2012		2013
Statutory federal income tax rate	35.0	%	35.0	%	35.0	%
State tax on commercial operations, net of federal benefits	0.4		(1.6	)	0.7
Impact of international operations	(1.0	)	53.8		—
Domestic production deduction	(1.8	)	(11.2	)	(2.2	)
Domestic tax credits	(0.6	)	(1.4	)	(0.8	)
Goodwill impairment	—		92.1		—
Other, net	(0.6	)	(5.3	)	(1.6	)
Effective income tax rate	31.4	%	161.4	%	31.1	%

Tax Effects Of Temporary Differences Between Reported Earnings And Taxable Earnings

Deferred Tax Assets. The tax effects of temporary differences between reported earnings and taxable earnings consisted of the following:

December 31	2012			2013
Retirement benefits	$	1,746		$	783
Tax loss and credit carryforwards	561			581
Salaries and wages	261			249
Workers’ compensation	260			272
A-12 contract termination	94			163
Other	331			311
Deferred assets	3,253			2,359
Valuation allowance	(335		)	(383		)
Net deferred assets	$	2,918		$	1,976
Intangible assets	$	(950	)	$	(995	)
Contract accounting methods	(367		)	(322		)
Property, plant and equipment (PP&E)	(231		)	(269		)
Capital Construction Fund	(239		)	(240		)
Other	(153		)	(133		)
Deferred liabilities	$	(1,940	)	$	(1,959	)
Net deferred tax asset	$	978		$	17

Net Deferred Tax Asset (Liability)

Our net deferred tax asset was included on the Consolidated Balance Sheets in other assets and liabilities as follows:

December 31	2012			2013
Current deferred tax asset	$	44		$	36
Current deferred tax liability	(173		)	(298		)
Noncurrent deferred tax asset	1,251			416
Noncurrent deferred tax liability	(144		)	(137		)
Net deferred tax asset	$	978		$	17