Starbucks 2013 Annual Report Download - page 77

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69
Deferred Stock Plan
Our 1997 Deferred Stock Plan for certain key-employees enabled participants in the plan to defer receipt of ownership of
common shares from the exercise of nonqualified stock options. Pursuant to this plan, our chairman, president and ceo elected
to defer receipt of approximately 3.4 million shares of common stock (as adjusted for stock splits since 1997). In November
2006, he re-deferred receipt of the shares until December 21, 2012 (or earlier if his employment with Starbucks terminated
before such date). On December 21, 2012, the deferral period ended and pursuant to the terms of the plan, we issued
approximately 2.2 million shares of common stock to him and withheld approximately 1.2 million shares to satisfy tax
withholdings. As of September 29, 2013 there were no remaining deferrals under the terms of this plan and no new deferrals are
permitted.
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 $54.7 million, $59.8 million, and $45.5 million in fiscal years
2013, 2012, and 2011, respectively.
Note 13: Income Taxes
The components of earnings/(loss) before income taxes were as follows (in millions):
Fiscal Year Ended Sep 29, 2013 Sep 30, 2012 Oct 2, 2011
Total
Litigation
charge All Other
United States $(674.0) $ (2,784.1) $ 2,110.1 $ 1,679.6 $ 1,523.4
Foreign 444.1 — 444.1 379.5 287.7
Total earnings/(loss) before income taxes $(229.9) $ (2,784.1) $ 2,554.2 $ 2,059.1 $ 1,811.1
Provision/(benefit) for income taxes (in millions):
Fiscal Year Ended Sep 29, 2013
Sep 30, 2012 Oct 2, 2011
Total
Litigation
charge All Other
Current taxes:
US federal $ 616.6 $ — $ 616.6 $ 466.0 $ 344.7
US state and local 93.8 — 93.8 79.9 61.2
Foreign 95.9 — 95.9 76.8 37.3
Total current taxes 806.3 — 806.3 622.7 443.2
Deferred taxes:
US federal (898.8)(922.3) 23.5 49.2 111.6
US state and local (144.0)(148.7) 4.7 (0.7) 8.3
Foreign (2.2) — (2.2) 3.2 —
Total deferred taxes (1,045.0)(1,071.0) 26.0 51.7 119.9
Total provision/(benefit) for income taxes $(238.7) $ (1,071.0) $ 832.3 $ 674.4 $ 563.1
2013 10-K
Starbucks Corporation Form