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Income Taxes (Tables)
12 Months Ended
Mar. 28, 2014
Income Taxes [Abstract]  
Components Of The Provision For Income Taxes

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

March 28,

 

March 29,

 

March 30,

 

 

2014

 

2013

 

2012

 

 

 

(Dollars in millions)

Current:

 

 

 

 

 

 

 

 

 

Federal

 

$

111 

 

$

104 

 

$

123 

State

 

 

23 

 

 

23 

 

 

30 

International

 

 

78 

 

 

87 

 

 

121 

 

 

 

212 

 

 

214 

 

 

274 

Deferred:

 

 

 

 

 

 

 

 

 

Federal

 

 

36 

 

 

27 

 

 

40 

State

 

 

17 

 

 

 

 

(8)

International

 

 

(7)

 

 

 

 

 

 

 

46 

 

 

37 

 

 

34 

Total provision of income taxes

 

$

258 

 

$

251 

 

$

308 

 

Schedule Of Difference Between Effective Income Tax And Federal Statutory Income Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

March 28,

 

March 29,

 

March 30,

 

 

2014

 

2013

 

2012

 

 

 

(Dollars in millions)

Expected Federal statutory tax

 

$

405 

 

$

351 

 

$

525 

State taxes, net of federal benefit

 

 

26 

 

 

25 

 

 

12 

Foreign earnings taxed at less than the federal rate

 

 

(131)

 

 

(96)

 

 

(160)

Domestic production activities deduction

 

 

(14)

 

 

(12)

 

 

(20)

Federal research and development credit

 

 

(6)

 

 

(10)

 

 

(12)

Valuation allowance (decrease) increase

 

 

(3)

 

 

 -

 

 

Benefit of losses from joint venture

 

 

 -

 

 

 -

 

 

(1)

Tax positions (including valuation allowance release)

 

 

(26)

 

 

(9)

 

 

(52)

Other, net

 

 

 

 

 

 

11 

 

 

$

258 

 

$

251 

 

$

308 

 

Principal Components Of Deferred Tax Assets

 

 

 

 

 

 

 

 

 

 

 

 

March 28,

 

March 29,

 

 

2014

 

2013

 

 

 

(Dollars in millions)

Deferred tax assets:

 

 

 

 

 

 

Tax credit carryforwards

 

$

38 

 

$

54 

Net operating loss carryforwards of acquired companies

 

 

79 

 

 

102 

Other accruals and reserves not currently tax deductible

 

 

128 

 

 

144 

Deferred revenue

 

 

92 

 

 

97 

Loss on investments not currently tax deductible

 

 

16 

 

 

10 

State income taxes

 

 

19 

 

 

29 

Stock-based compensation

 

 

31 

 

 

36 

 

 

 

403 

 

 

472 

Valuation allowance

 

 

(56)

 

 

(66)

Total deferred tax assets

 

$

347 

 

$

406 

Deferred tax liabilities:

 

 

 

 

 

 

Tax over book depreciation

 

 

(76)

 

 

(73)

Goodwill

 

 

(29)

 

 

(19)

Intangible assets

 

 

(48)

 

 

(102)

Unremitted earnings of foreign subsidiaries

 

 

(399)

 

 

(377)

Prepaids and deferred expenses

 

 

(30)

 

 

(42)

Other

 

 

(7)

 

 

(2)

Total deferred tax liabilities

 

$

(589)

 

$

(615)

Net deferred tax assets

 

$

(242)

 

$

(209)

 

Schedule Of Changes In Unrecognized Tax Benefits

 

 

 

 

Balance as of April 1, 2011

 

$

527 

Settlements and effective settlements with tax authorities and related remeasurements

 

 

(62)

Lapse of statute of limitations

 

 

(12)

Increases in balances related to tax positions taken during prior years

 

 

78 

Decreases in balances related to tax positions taken during prior years

 

 

(30)

Increases in balances related to tax positions taken during current year

 

 

118 

Balance as of March 30, 2012

 

$

619 

Settlements and effective settlements with tax authorities and related remeasurements

 

 

(114)

Lapse of statute of limitations

 

 

(122)

Increases in balances related to tax positions taken during prior years

 

 

11 

Decreases in balances related to tax positions taken during prior years

 

 

(20)

Increases in balances related to tax positions taken during current year

 

 

14 

Balance as of March 29, 2013

 

$

388 

Settlements and effective settlements with tax authorities and related remeasurements

 

 

(122)

Lapse of statute of limitations

 

 

(11)

Increases in balances related to tax positions taken during prior years

 

 

27 

Decreases in balances related to tax positions taken during prior years

 

 

(50)

Increases in balances related to tax positions taken during current year

 

 

26 

Balance as of March 28, 2014

 

$

282