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Income Taxes (Tables)

12 Months Ended

Sep. 28, 2013



	2013		2012		2011
Income Before Income Taxes
Domestic (including U.S. exports)	$	8,972	$	8,105	$	7,330
Foreign subsidiaries	648		1,155		713
	$	9,620	$	9,260	$	8,043

Income Tax Expense / (Benefit)



Income Tax Expense/(Benefit)
Current
Federal	$	2,354		$	1,975		$	1,851
State	98			227			272
Foreign ⁽¹⁾	474			422			521
	2,926			2,624			2,644
Deferred
Federal	29			465			147
State	61			(2		)	(6		)
Foreign	(32		)	—			—
	58			463			141
	$	2,984		$	3,087		$	2,785

⁽¹⁾ Includes foreign withholding taxes

Deferred Tax Assets and Liabilities



	September 28, 2013			September 29, 2012
Components of Deferred Tax Assets and Liabilities
Deferred tax assets
Accrued liabilities	$	(2,019	)	$	(3,034	)
Foreign subsidiaries	(795		)	(579		)
Equity-based compensation	(86		)	(160		)
Noncontrolling interest net operating losses	(632		)	(584		)
Other	(396		)	(361		)
Total deferred tax assets	(3,928		)	(4,718		)
Deferred tax liabilities
Depreciable, amortizable and other property	5,987			4,924
Licensing revenues	325			336
Leveraged leases	22			33
Other	117			100
Total deferred tax liabilities	6,451			5,393
Net deferred tax liability before valuation allowance	2,523			675
Valuation allowance	1,042			811
Net deferred tax liability	$	3,565		$	1,486

Reconciliation of Effective Income Tax Rate to Federal Rate

A reconciliation of the effective income tax rate to the federal rate is as follows:



	2013		2012		2011
Federal income tax rate	35.0	%	35.0	%	35.0	%
State taxes, net of federal benefit	1.8		2.0		2.1
Domestic production activity deduction	(2.5	)	(2.5	)	(2.3	)
Earnings in jurisdictions taxed at rates different from the statutory U.S. federal rate	(1.9	)	(0.5	)	(0.2	)
Other, including tax reserves and related interest	(1.4	)	(0.7	)	—
	31.0	%	33.3	%	34.6	%

Reconciliation of Beginning and Ending Amount of Gross Unrecognized Tax Benefits, Excluding Related Accrual for Interest

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits, excluding the related accrual for interest, is as follows:



	2013			2012			2011
Balance at the beginning of the year	$	668		$	718		$	680
Increases for current year tax positions	222			85			75
Increases for prior year tax positions	365			26			41
Decreases in prior year tax positions	(9		)	(68		)	(17		)
Settlements with taxing authorities	(126		)	(93		)	(61		)
Balance at the end of the year	$	1,120		$	668		$	718

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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