Motorola 2014 Annual Report Download - page 69
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67
Tax carryforwards are as follows:
December 31, 2014 Gross
Tax Loss Tax
Effected Expiration
Period
United States:
U.S. tax losses 76 $ 26 2021-2033
Foreign tax credits — 686 2018-2023
General business credits — 174 2025-2034
Minimum tax credits — 100 Unlimited
State tax losses 1,502 41 2015-2031
State tax credits — 27 2018-2026
Non-U.S. Subsidiaries:
China tax losses 212 53 2015-2016
Japan tax losses 93 33 2017-2021
Germany tax losses 108 31 Unlimited
United Kingdom tax losses 102 21 Unlimited
Singapore tax losses 50 8 Unlimited
Other subsidiaries tax losses 70 18 Various
Spain tax credits — 27 2017-2021
Other subsidiaries tax credits — 1 Various
$ 1,246
The Company had unrecognized tax benefits of $96 million and $147 million at December 31, 2014 and December 31,
2013, respectively, of which approximately $76 million and $125 million, respectively, if recognized, would affect the effective tax
rate, net of resulting changes to valuation allowances.
A roll-forward of unrecognized tax benefits is as follows:
2014 2013
Balance at January 1 $ 147 $ 157
Additions based on tax positions related to current year 413
Additions for tax positions of prior years 21 70
Reductions for tax positions of prior years (55) (10)
Settlements and agreements (19) (82)
Lapse of statute of limitations (2) (1)
Balance at December 31 $ 96 $ 147