v2.4.0.8
Income Taxes Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2013
Income Taxes [Abstract]  
Income before income taxes
 
Income before income taxes
 
2013
 
2012
 
2011
Ireland
$
184

 
$
—

 
$
—

Foreign
1,700

 
1,251

 
1,553

Total income before income taxes
$
1,884

 
$
1,251

 
$
1,553
Income tax expense (benefit)
 
Income tax expense (benefit)
 
2013
 
2012
 
2011
Current
 
 
 
 
 
Ireland
$
17

 
$
—

 
$
—

United States
 
 
 
 
 
Federal
89

 
1

 
85

State and local
7

 
5

 
2

Foreign - other
244

 
130

 
186

Total current income tax expense
357

 
136

 
273

 
 
 
 
 
 
Deferred
 
 
 
 
 
Ireland
—

 
—

 
—

United States
 
 
 
 
 
Federal
(295
)
 
39

 
(2
)
State and local
(23
)
 
2

 
8

Foreign - other
(28
)
 
(146
)
 
(78
)
Total deferred income tax benefit
(346
)
 
(105
)
 
(72
)
Total income tax expense
$
11

 
$
31

 
$
201
Reconciliations of income taxes from the appropriate statutory rate
Reconciliations of income taxes from the Ireland national statutory rate of 25% in 2013, and the United States federal statutory rate of 35% in 2012 and 2011, to the consolidated effective income tax rate follow:
 
2013
 
2012
 
2011
Income taxes at the applicable statutory rate
25.0
 %
 
35.0
 %
 
35.0
 %
 
 
 
 
 
 
Ireland tax on trading income
(1.4
)%
 
—
 %
 
—
 %
 
 
 
 
 
 
United States operations

 

 

United States income (loss)
(2.8
)%
 
—
 %
 
—
 %
State and local income taxes
(0.5
)%
 
0.6
 %
 
0.2
 %
Deductible dividends
—
 %
 
(0.7
)%
 
(0.5
)%
Deductible interest
(0.3
)%
 
(0.8
)%
 
(0.5
)%
Credit for research activities
(2.0
)%
 
—
 %
 
(1.0
)%
Impact of U.S. Health Care Reform and Education Reconciliation Act
   and pre-funding on taxation associated with Medicare Part D
—
 %
 
—
 %
 
(0.9
)%
Other - net
2.1
 %
 
2.7
 %
 
0.5
 %
 
 
 
 
 
 
Other foreign operations

 

 

United States foreign tax credit
(1.8
)%
 
(12.4
)%
 
(2.3
)%
Other foreign operations (earnings taxed at other than
   the applicable statutory tax rate)
(17.6
)%
 
(14.9
)%
 
(15.5
)%
Other foreign operations - other items
0.2
 %
 
—
 %
 
—
 %
 
 
 
 
 
 
Worldwide operations

 

 

Adjustments to tax liabilities
(1.1
)%
 
(5.7
)%
 
(0.8
)%
Adjustments to valuation allowances
0.8
 %
 
(1.3
)%
 
(1.3
)%
Effective income tax expense rate
0.6
 %
 
2.5
 %
 
12.9
 %
Worldwide income tax payments
Worldwide income tax payments follow:
2013
$
272

2012
254

2011
191
Components of current and long-term deferred income taxes
Components of current and long-term deferred income taxes follow:
 
2013
 
2012
 
Current
assets and
liabilities
 
Long-term
assets and
liabilities
 
Current
assets and
liabilities
 
Long-term
assets and
liabilities
Accruals and other adjustments
 
 
 
 
 
 
 
Employee benefits
$
116

 
$
657

 
$
92

 
$
857

Depreciation and amortization
(2
)
 
(2,294
)
 
(3
)
 
(2,793
)
Other accruals and adjustments
497

 
368

 
495

 
297

Other items
—

 
—

 
—

 
145

United States federal income tax loss carryforwards
—

 
—

 
—

 
6

United States federal income tax credit carryforwards
—

 
161

 
—

 
156

United States state and local tax loss carryforwards and
   tax credit carryforwards
—

 
73

 
—

 
71

Other foreign tax loss carryforwards
—

 
1,708

 
—

 
1,591

Other foreign income tax credit carryforwards
—

 
63

 
—

 
67

Valuation allowance for income tax loss and income tax
   credit carryforwards
—

 
(1,738
)
 
(61
)
 
(1,521
)
Other valuation allowances
(34
)
 
(71
)
 
(7
)
 
(71
)
Total deferred income taxes
$
577

 
$
(1,073
)
 
$
516

 
$
(1,195
)
United States federal income tax loss carryforwards and income tax credit carryforwards and expiration dates
These carryforwards and their expiration dates are summarized below:
 
2014
through
2018
 
2019
through
2023
 
2024
through
2028
 
2029
through
2033
 
Not
subject to
expiration
 
 
Valuation
allowance
United States federal income tax loss carryforwards
$
1

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

United States federal income tax credit carryforwards
3

 
70

 
—

 
69

 
19

 
(51
)
United States state and local tax loss carryforwards and tax credit carryforwards and expiration dates
These carryforwards and their expiration dates are summarized below:
 
2014
through
2018
 
2019
through
2023
 
2024
through
2028
 
2029
through
2033
 
Not
subject to
expiration
 
 
Valuation
allowance
United States state and local assets for income tax
   loss carryforwards - net of federal tax effect
$
4

 
$
15

 
$
13

 
$
5

 
$
—

 
$
(15
)
United States state and local income tax credit
   carryforwards - net of federal tax effect
11

 
9

 
7

 
3

 
6

 
(16
)
Other foreign subsidiaries tax loss carryforwards and income tax credit carryforwards and expiration dates
These carryforwards and their expiration dates are summarized below:
 
2014
through
2018
 
2019
through
2023
 
2024
through
2028
 
2029
through
2033
 
Not
subject to
expiration
 
 
Valuation
allowance
Other foreign income tax loss carryforwards
$
136

 
$
130

 
$
48

 
$
18

 
$
7,654

 
$
—

Other foreign deferred income tax assets for income
   tax loss carryforwards
35

 
32

 
14

 
5

 
1,622

 
(1,646
)
Other foreign income tax credit carryforwards
39

 
13

 
2

 
—

 
9

 
(10
)
Summary of gross unrecognized income tax benefits
A summary of gross unrecognized income tax benefits follows:
 
2013
 
2012
 
2011
Balance at January 1
$
444

 
$
236

 
$
224

Increases and decreases as a result of positions taken during prior years
 
 
 
 
 
Transfers from valuation allowances
13

 
—

 
—

Other increases
7

 
1

 
3

Other decreases, including currency translation
(7
)
 
—

 
(14
)
Balances related to acquired businesses
2

 
177

 
2

Increases as a result of positions taken during the current year
35

 
36

 
31

Decreases relating to settlements with tax authorities
(6
)
 
—

 
(2
)
Decreases as a result of a lapse of the applicable statute of limitations
(9
)
 
(6
)
 
(8
)
Balance at December 31
$
479

 
$
444

 
$
236