Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The income tax provision relating to continuing operations consists of the following: 

	Three Months Ended March 31,
	2013			2012
(millions)
Current	$	36		$	44
Deferred	50			42
Total Income Tax Provision	$	86		$	86
Effective Tax Rate	27.1		%	25.8		%

Our effective tax rate for the first three months of 2013 increased as compared with the first three months of 2012. This increase is primarily due to a tax contingency recognized during the first quarter of 2013.

In our major tax jurisdictions, the earliest years remaining open to examination are as follows: US – 2008, Equatorial Guinea – 2007, Israel – 2008 and China –2010.

See Note 3. Divestitures for income taxes related to discontinued operations.