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69
Tax carryforwards are as follows:
December 31, 2015
Gross
Tax Loss
Tax
Effected
Expiration
Period
United States:
U.S. tax losses 66 $ 23 2022-2033
Foreign tax credits — 584 2018-2025
General business credits — 133 2026-2035
Minimum tax credits — 100 Unlimited
State tax losses 1,221 33 2016-2031
State tax credits — 28 2018-2029
Non-U.S. Subsidiaries:
Japan tax losses 91 30 2017-2021
Germany tax losses 86 25 Unlimited
United Kingdom tax losses 95 17 Unlimited
Singapore tax losses 40 7 Unlimited
Other subsidiaries tax losses 47 12 Various
Spain tax credits — 24 Various
Other subsidiaries tax credits — 12 Various
$1,028
The Company had unrecognized tax benefits of $88 million and $96 million at December 31, 2015 and December 31,
2014, respectively, of which approximately $50 million and $76 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:
2015 2014
Balance at January 1 $96$147
Additions based on tax positions related to current year 24
Additions for tax positions of prior years 421
Reductions for tax positions of prior years (9) (55)
Settlements and agreements (3) (19)
Lapse of statute of limitations (2) (2)
Balance at December 31 $88$96
The IRS is currently examining the Company's 2012 and 2013 tax years. The Company also has several state and non-
U.S. audits pending. A summary of open tax years by major jurisdiction is presented below:
Jurisdiction Tax Years
United States 2008-2015
China 2002-2015
France 2010-2015
Germany 2008-2015
India 1997-2015
Israel 2012-2015
Japan 2011-2015
Malaysia 2010-2015
Singapore 2013-2015
United Kingdom 2008-2015
Although the final resolution of the Company’s global tax disputes is uncertain, based on current information, in the opinion
of the Company’s management, the ultimate disposition of these matters will not have a material adverse effect on the
Company’s consolidated financial position, liquidity or results of operations. However, an unfavorable resolution of the