Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Provision for Income Taxes

Our provision (benefit) for income taxes consists of (table in thousands):

	2012			2011			2010
Federal:
Current	$	792,148		$	488,031		$	518,309
Deferred	(79,943		)	14,333			4,170
	712,205			502,364			522,479
State:
Current	74,064			70,676			49,488
Deferred	(12,308		)	(45,272		)	(20,419		)
	61,756			25,404			29,069
Foreign:
Current	168,959			101,101			120,287
Deferred	(25,322		)	11,516			(33,538		)
	143,637			112,617			86,749
Total provision for income taxes	$	917,598		$	640,385		$	638,297

Reconciliation of Income Tax Provision to Statutory Federal Tax Rate

A reconciliation of our income tax provision to the statutory federal tax rate is as follows:

	2012		2011		2010
Statutory federal tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal taxes	1.3	%	0.7	%	1.0	%
Resolution of uncertain tax positions	(0.5	)%	(1.7	)%	(0.6	)%
Tax rate differential for international jurisdictions and other international related tax items	(13.6	)%	(14.4	)%	(12.2	)%
U.S. tax credits	(0.2	)%	(2.8	)%	(3.3	)%
Changes in valuation allowance	—	%	—	%	(0.6	)%
International reorganization of acquired companies	0.3	%	—	%	3.2	%
Permanent items	1.5	%	2.5	%	2.5	%
Other	0.3	%	0.4	%	(0.5	)%
	24.1	%	19.7	%	24.5	%

Components of Current and Noncurrent Deferred Tax Assets and Liabilities

The components of the current and non-current deferred tax assets and liabilities are as follows (table in thousands):

	December 31, 2012						December 31, 2011
	Deferred Tax Asset			Deferred Tax Liability			Deferred Tax Asset			Deferred Tax Liability
Current:
Accounts and notes receivable	$	67,798		$	—		$	86,400		$	—
Inventory	64,452			—			91,374			—
Accrued expenses	291,358			—			281,071			—
Deferred revenue	386,021			—			274,463			—
Equity	98,383			—			75,782			—
Credit carryforwards	4,860			—			8,363			—
Net operating losses	28,903			—			35,395			—
Total current	941,775			—			852,848			—
Property, plant and equipment, net	—			(286,061		)	—			(246,377		)
Intangible and other assets, net	—			(662,665		)	—			(609,813		)
Equity	143,784			—			238,184			—
Deferred revenue	71,509			—			—			(10,992		)
Other non-current liabilities	—			(53,758		)	—			(55,938		)
Credit carryforward	63,275			—			64,569			—
Net operating losses	98,859			—			121,146			—
Other comprehensive loss	119,526			—			134,157			—
Total non-current	496,953			(1,002,484		)	558,056			(923,120		)
Gross deferred tax assets and liabilities	1,438,728			(1,002,484		)	1,410,904			(923,120		)
Valuation allowance	(4,350		)	—			(5,293		)	—
Total deferred tax assets and liabilities	$	1,434,378		$	(1,002,484	)	$	1,405,611		$	(923,120	)

Rollforward of Gross Consolidated Liability for Unrecognized Income Tax Benefits

The following is a rollforward of our gross consolidated liability for unrecognized income tax benefits for the three years ended December 31:

	2012			2011			2010
Unrecognized tax benefits, beginning of year	$	196.8		$	230.3		$	197.1
Tax positions related to current year:
Additions	24.7			42.0			47.6
Reductions	(1.1		)	(1.8		)	—
Tax positions related to prior years:
Additions	64.4			14.0			23.7
Reductions	(3.9		)	(71.0		)	(20.2		)
Settlements	(0.3		)	(3.3		)	(5.0		)
Lapses in statutes of limitations	(10.7		)	(13.4		)	(12.9		)
Unrecognized tax benefits, end of year	$	269.9		$	196.8		$	230.3