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Income Taxes (Tables)
12 Months Ended
Mar. 29, 2013
Income Taxes [Abstract]  
Components Of The Provision For Income Taxes

 

 

 

 

 

 

 

 

Year Ended

 

 

March 29, 2013

 

March 30, 2012

 

April 1, 2011

 

 

(In millions)

 

Current:

 

 

 

 

 

 

Federal

$                   104

 

$                   123

 

$                     17

 

State

23 

 

30 

 

18 

 

International

87 

 

121 

 

70 

 

 

214 

 

274 

 

105 

 

Deferred:

 

 

 

 

 

 

Federal

32 

 

32 

 

26 

 

State

 

(9)

 

 

International

 

 

(29)

 

 

44 

 

24 

 

 

Total provision of income taxes

$                   258

 

$                   298

 

$                   105

 

 

 

 

 

 

 

 

 

Schedule Of Difference Between Effective Income Tax And Federal Statutory Income Tax

 

 

 

 

 

 

 

 

Year Ended

 

 

March 29, 2013

 

March 30, 2012

 

April 1, 2011

 

 

(In millions)

 

Expected Federal statutory tax

$                358

 

$                515

 

$                255

 

State taxes, net of federal benefit

25 

 

12 

 

12 

 

Foreign earnings taxed at less than the federal rate

(96)

 

(160)

 

(84)

 

Domestic production activities deduction

(12)

 

(20)

 

(9)

 

Federal research and development credit

(10)

 

(12)

 

(10)

 

Valuation allowance increase (decrease) 

 

 

(15)

 

Benefit of losses from joint venture

 

(1)

 

(2)

 

VERITAS tax positions (including valuation allowance release)

(9)

 

(52)

 

(49)

 

Other, net

 

11 

 

 

 

$                258

 

$                298

 

$                105

 

 

 

 

 

 

 

 

 

Principal Components Of Deferred Tax Assets

 

 

 

 

 

 

As of

 

 

March 29, 2013

 

March 30, 2012

 

 

(In millions)

 

Deferred tax assets:

 

 

 

 

Tax credit carryforwards

$                    54

 

$                    43

 

Net operating loss carryforwards of acquired companies

102 

 

137 

 

Other accruals and reserves not currently tax deductible

144 

 

152 

 

Deferred revenue

93 

 

95 

 

Loss on investments not currently tax deductible

10 

 

23 

 

State income taxes

29 

 

33 

 

Goodwill

 

36 

 

Stock-based compensation

36 

 

60 

 

Other

 

 

 

468 

 

583 

 

Valuation allowance

(66)

 

(55)

 

Total deferred tax assets

$                  402

 

$                  528

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

Tax over book depreciation

$                   (73)

 

$                   (41)

 

Goodwill

(19)

 

 

Intangible assets

(102)

 

(208)

 

Unremitted earnings of foreign subsidiaries

(372)

 

(329)

 

Other

(3)

 

 

Total deferred tax liabilities

$                 (569)

 

$                 (578)

 

 

 

 

 

 

Net deferred tax assets

$                 (167)

 

$                   (50)

 

 

 

 

 

 

 

Schedule Of Changes In Unrecognized Tax Benefits

 

 

Balance as of April 2, 2010

$                   543

Settlements and effective settlements with tax authorities and related remeasurements

(6)

Lapse of statute of limitations

(27)

Increases in balances related to tax positions taken during prior years

13 

Decreases in balances related to tax positions taken during prior years

(36)

Increases in balances related to tax positions taken during current year

40 

Balance as of April 1, 2011

$                   527

Settlements and effective settlements with tax authorities and related remeasurements

(62)

Lapse of statute of limitations

(12)

Increases in balances related to tax positions taken during prior years

78 

Decreases in balances related to tax positions taken during prior years

(30)

Increases in balances related to tax positions taken during current year

118 

Balance as of March 30, 2012

$                   619

Settlements and effective settlements with tax authorities and related remeasurements

(114)

Lapse of statute of limitations

(98)

Increases in balances related to tax positions taken during prior years

11 

Decreases in balances related to tax positions taken during prior years

(20)

Increases in balances related to tax positions taken during current year

14 

Balance as of March 29, 2013

$                   412