Starbucks 2012 Annual Report Download - page 86

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80
Deferred Stock Plan
We have a deferred stock plan for certain key-employees that enables participants in the plan to defer receipt of
ownership of common shares from the exercise of nonqualified stock options. The minimum deferral period is 5
years. As of September 30, 2012 and October 2, 2011, 3.4 million shares were deferred under the terms of this
plan. The rights to receive these shares, represented by common stock units, are included in the calculation of
basic and diluted earnings per share as common stock equivalents. No new initial deferrals are permitted under
this plan; the plan permits re-deferrals of previously deferred shares.
Defined Contribution Plans
We maintain voluntary defined contribution plans, both qualified and non-qualified, covering eligible employees
as defined in the plan documents. Participating employees may elect to defer and contribute a portion of their
eligible compensation to the plans up to limits stated in the plan documents, not to exceed the dollar amounts set
by applicable laws.
Our matching contributions to all US and non-US plans were $59.8 million, $45.5 million, and $23.5 million in
fiscal years 2012, 2011, and 2010, respectively.
Note 13: Income Taxes
The components of earnings before income taxes were as follows (in millions):
Fiscal Year Ended
United States $ 1,679.6 $ 1,523.4 $ 1,308.9
Foreign 379.5 287.7 128.1
Total earnings before income taxes $ 2,059.1 $ 1,811.1 $ 1,437.0
Provision for income taxes (in millions):
Fiscal Year Ended
Current taxes:
Federal $ 466.0 $ 344.7 $ 457.5
State 79.9 61.2 79.6
Foreign 76.8 37.3 38.3
Total current taxes 622.7 443.2 575.4
Deferred taxes:
Federal 49.2 111.6 (76.0)
State (0.7) 8.3 (9.3)
Foreign 3.2
—
(1.4)
Total deferred taxes 51.7 119.9 (86.7)
Total provision for income taxes $ 674.4 $ 563.1 $ 488.7
Sep 30, 2012 Oct 2, 2011 Oct 3, 2010
Sep 30, 2012 Oct 2, 2011 Oct 3, 2010