Apple 2006 Annual Report Download - page 99

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 5—Goodwill and Other Intangible Assets (Continued)
Expected annual amortization expense related to acquired technology is as follows (in millions):
Amortization expense related to acquired intangible assets was $12 million, $9 million, and $7 million in 2006, 2005, and 2004, respectively.
Note 6—Restructuring Charges
During 2004, the Company recorded total restructuring charges of approximately $23.0 million, including approximately $14.0 million in
severance costs, $5.5 million in asset impairments, and $3.5 million for lease cancellations. The lease cancellations relate to vacating a leased
sales facility from a European workforce reduction during 2004. Of the $23.0 million charges, $21.3 million had been utilized by the end of
2006, with the remainder consisting of $1.7 million for lease cancellations. These actions have resulted in the termination of 452 positions.
Note 7—Income Taxes
The provision for income taxes consisted of the following (in millions):
(1)
See Note 2, “Restatement of Consolidated Financial Statements.”
The foreign provision for income taxes is based on foreign pretax earnings of approximately $1.5 billion, $922 million, and $384 million in
2006, 2005, and 2004, respectively. As of September 30, 2006,
98
Fiscal Years:
2007
$
24
2008
21
2009
18
2010
14
2011
13
Thereafter
49
Total
$
139
2006
2005
2004
As Restated (1)
As Restated (1)
Federal:
Current
$
619
$
305
$
34
Deferred
56
144
53
675
449
87
State:
Current
56
66
5
Deferred
14
(91
)
(18
)
70
(25
)
(13
)
Foreign:
Current
101
59
46
Deferred
(17
)
(3
)
(16
)
84
56
30
Provision for income taxes
$
829
$
480
$
104