Income Taxes	3 Months Ended
Mar. 31, 2013
Income Taxes
Income Taxes	(4) The effective tax rate, based on the company’s operating results for the three months ended March 31, 2013 and 2012, was 30.4 percent and 26.4 percent, respectively. The effective tax rate was higher for the three month period ending March 31, 2013 as the prior year quarter included the recognition of a deferred tax benefit of $16 million primarily attributable to foreign taxes previously paid on certain unremitted foreign earnings in South Africa. The company conducts business globally and, as a result, the company or one or more of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. In the normal course of business, the company is subject to examination by taxing authorities throughout the world, including such major jurisdictions as Australia, Canada, the Netherlands, South Africa, the United Kingdom and the United States. Although the company believes its reserves for its tax positions are reasonable, the final outcome of tax audits could be materially different, both favorably and unfavorably. With few exceptions, the company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations for years before 2003.

Income Taxes

3 Months Ended

Mar. 31, 2013

(4) The effective tax rate, based on the company’s operating results for the three months ended March 31, 2013 and 2012, was 30.4 percent and 26.4 percent, respectively. The effective tax rate was higher for the three month period ending March 31, 2013 as the prior year quarter included the recognition of a deferred tax benefit of $16 million primarily attributable to foreign taxes previously paid on certain unremitted foreign earnings in South Africa.

The company conducts business globally and, as a result, the company or one or more of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. In the normal course of business, the company is subject to examination by taxing authorities throughout the world, including such major jurisdictions as Australia, Canada, the Netherlands, South Africa, the United Kingdom and the United States. Although the company believes its reserves for its tax positions are reasonable, the final outcome of tax audits could be materially different, both favorably and unfavorably. With few exceptions, the company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations for years before 2003.