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Income Taxes (Tables)

12 Months Ended

Dec. 28, 2012

Schedule of breakdown of income tax expense between current and deferred

The breakdown of income tax expense between current and deferred is as follows:



(Dollars in Millions)	Fiscal Years
Current:	2012		2011			2010
Federal	$	447	$	353		$	451
State	66		104			58
Subtotal Current	513		457			509

Deferred:
Federal	530		614			372
State	62		(5		)	102
Subtotal Deferred	592		609			474
Total	$	1,105	$	1,066		$	983

Schedule of income tax expense reconciled to tax computed at statutory rates



	Fiscal Years
(Dollars In Millions)	2012					2011					2010
Federal Income Taxes	$	1,037		35.0	%	$	1,011		35.0	%	$	891		35.0	%
State Income Taxes	80			2.7	%	63			2.2	%	85			3.4	%
Corporate Reorganization	—			—	%	—			—	%	16			0.6	%
Other	(12		)	(0.4	)%	(8		)	(0.3	)%	(9		)	(0.4	)%
Income Tax Expense/Rate	$	1,105		37.3	%	$	1,066		36.9	%	$	983		38.6	%

Schedule of significant components of deferred income tax assets and liabilities

The significant components of deferred income tax assets and liabilities include:



	2012				2011
(Dollars in Millions)	Assets		Liabilities		Assets		Liabilities
Pension Plans	$	249	$	—	$	300	$	—
Other Employee Benefit Plans	292		—		309		—
Accelerated Depreciation	—		8,544		—		8,148
Other	278		252		354		234
Total	$	819	$	8,796	$	963	$	8,382
Net Deferred Income Tax Liabilities			$	7,977			$	7,419

Schedule of change to total gross unrecognized tax benefits

The change to the total gross unrecognized tax benefits and prior year audit resolutions of the Company during the fiscal year ended December 2012 is reconciled as follows:



Uncertain Tax Positions:	Fiscal Year
(Dollars in Millions)	2012			2011			2010
Balance at beginning of the year	$	22		$	20		$	50
Additions based on tax positions related to current year	6			1			3
Additions based on tax positions related to prior years	3			10			17
Reductions based on tax positions related to prior years	(1		)	(3		)	(41		)
Settlements with taxing authorities	—			(5		)	—
Lapse of statute of limitations	(6		)	(1		)	(9		)
Balance at end of the year	$	24		$	22		$	20

- 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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