Ford 2012 Annual Report Download - page 142

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140 Ford Motor Company | 2012 Annual Report
FORD MOTOR COMPANY AND SUBSIDIARIES
NOTES TO THE FINANCIAL STATEMENTS
NOTE 24. INCOME TAXES (Continued)
Other
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years listed
(in millions):
2012 2011
Beginning balance $ 1,721 $966
Increase – tax positions in prior periods 84 1,045
Increase – tax positions in current period 19 59
Decrease – tax positions in prior periods (246) (134)
Settlements (31) (186)
Lapse of statute of limitations (14)(21)
Foreign currency translation adjustment 14 (8)
Ending balance $ 1,547 $ 1,721
The amount of unrecognized tax benefits at December 31, 2012 and 2011 that would affect the effective tax rate if
recognized was $1.2 billion and $1.2 billion, respectively.
Examinations by tax authorities have been completed through 2004 in Germany, and through 2007 in Canada, the
United States, and the United Kingdom. Although examinations have been completed in these jurisdictions, limited
transfer pricing disputes exist for years dating back to 1996.
We recorded in our consolidated income statement approximately $9 million, $77 million, and $45 million in tax-
related interest income for the years ended December 31, 2012, 2011, and 2010. As of December 31, 2012 and 2011, we
had recorded a net payable of $120 million and $171 million, respectively, for tax-related interest.