Microsoft 2014 Annual Report Download - page 66

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65
The notes in this table are senior unsecured obligations and rank equally with our other senior unsecured debt
outstanding. Interest on these notes is paid semi-annually, except for the euro-denominated debt securities on which
interest is paid annually. Cash paid for interest on our debt for fiscal years 2014, 2013, and 2012 was $509 million, $371
million, and $344 million, respectively. As of June 30, 2014 and 2013, the aggregate unamortized discount for our long-
term debt, including the current portion, was $100 million and $65 million, respectively.
Debt Service
Maturities of our long-term debt for each of the next five years and thereafter are as follows:
(In millions)
Y
ear Ending June 30,
2015 $ 0
2016 2,500
2017 0
2018 1,050
2019 2,250
Thereafter 14,945
Total $ 20,745
NOTE 13 — INCOME TAXES
The components of the provision for income taxes were as follows:
(In millions)
Y
ear Ended June 30, 2014 2013 2012
Current Taxes
U.S. federal $ 3,738 $ 3,131 $ 2,235
U.S. state and local 266 332 153
Foreign 2,073 1,745 1,947
Current taxes 6,077 5,208 4,335
Deferred Taxes
Deferred taxes (331) (19) 954
Provision for income taxes $ 5,746 $ 5,189 $ 5,289
U.S. and foreign components of income before income taxes were as follows:
(In millions)
Y
ear Ended June 30, 2014 2013 2012
U.S. $ 7,127 $ 6,674 $ 1,600
Foreign 20,693 20,378 20,667
Income before income taxes $ 27,820 $ 27,052 $ 22,267