HP 2015 Annual Report Download - page 132

Table of Contents




The domestic and foreign components of earnings (loss) before taxes were as follows:
The provision for (benefit from) taxes on earnings was as follows:
The differences between the U.S. federal statutory income tax rate and HP's effective tax rate were as follows:
The jurisdictions with favorable tax rates that have the most significant effective tax rate impact in the periods presented include Puerto Rico, Singapore,
China, Malaysia, Ireland and Netherlands. To
130


 
     
   
U.S. $ 373 $ 2,565 $ 2,618
Non-U.S. 4,359 3,992 3,892
$ 4,732 $ 6,557 $ 6,510


 
     
   
U.S. federal taxes:
Current $ (324) $ 381 $ 475
Deferred (1,237) 210 (666)
Non-U.S. taxes:
Current 993 984 1,275
Deferred 678 (42) 89
State taxes:
Current 210 212 57
Deferred (142) (201) 167
$ 178 $ 1,544 $ 1,397


 
     
U.S. federal statutory income tax rate 35.0% 35.0% 35.0%
State income taxes, net of federal tax benefit (4.6)% 0.4% 0.1%
Lower rates in other jurisdictions, net (16.2)% (12.9)% (24.5)%
Valuation allowances (23.4)% 1.7% 3.8%
Uncertain tax positions 10.1% (2.3)% 4.1%
Other, net 2.9% 1.6% 3.0%
3.8% 23.5% 21.5%
Source: HP INC, 10-K, December 16, 2015 Powered by Morningstar® Document Research℠
The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.