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Income Taxes

3 Months Ended

Mar. 31, 2014

The income tax provision relating to continuing operations consists of the following:



	Three Months Ended March 31,
(millions)	2014			2013
Current	$	60		$	36
Deferred	17			50
Total Income Tax Provision	$	77		$	86
Effective Tax Rate	27.6		%	27.1		%

Our effective tax rate (ETR) for the first three months of 2014 remained relatively unchanged as compared with the first three months of 2013.

In our major tax jurisdictions, the earliest years remaining open to examination are as follows: US – 2010, Equatorial Guinea – 2008, Israel – 2009 and China –2010.

See Note 3. Divestitures for income taxes associated with discontinued operations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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