Income Taxes

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



	Three Months Ended June 30,						Six Months Ended June 30,
(millions)	2015			2014			2015			2014
Current	$	99		$	34		$	109		$	94
Deferred	(283		)	7			(312		)	24
Total Income Tax (Benefit) Provision	$	(184	)	$	41		$	(203	)	$	118
Effective Tax Rate	62.8		%	17.6		%	60.8		%	23.1		%

Our effective tax rate (ETR) for the six months ended June 30, 2015 increased as compared with the six months ended June 30, 2014 primarily as a result of a tax benefit divided by a pre-tax loss. In the case of a pre-tax loss, our favorable permanent differences, such as income from equity method investees and increased earnings in our foreign jurisdictions with rates that vary from the US statutory rate, have the effect of increasing the tax benefit which, in turn, increases the ETR.

In our major tax jurisdictions, the earliest years remaining open to examination are as follows: US – 2011, Equatorial Guinea – 2010 and Israel – 2010.