Motorola 2012 Annual Report Download - page 79
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71
Tax carryforwards are as follows:
December 31, 2012
Gross
Tax Loss
Tax
Effected
Expiration
Period
United States:
U.S. tax losses $ 94 $ 33 2018-2032
Foreign tax credits n/a 400 2017-2019
General business credits n/a 214 2024-2032
Minimum tax credits n/a 104 Unlimited
State tax losses 2,245 54 2013-2031
State tax credits n/a 27 2013-2026
Non-U.S. Subsidiaries:
Canada tax losses 35 9 Unlimited
China tax losses 429 107 2013-2017
Japan tax losses 128 47 2017-2021
United Kingdom tax losses 93 21 Unlimited
Germany tax losses 177 53 Unlimited
Singapore tax losses 80 14 Unlimited
Other subsidiaries tax losses 62 15 Various
Canada tax credits n/a 23 2024-2032
Spain tax credits n/a 29 2017-2021
Other subsidiaries tax credits n/a 5 Various
$ 1,155
The Company had unrecognized tax benefits of $161 million and $191 million at December 31, 2012 and December 31,
2011, respectively, of which approximately $138 million and $150 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:
2012 2011
Balance at January 1 $ 191 $ 198
Additions based on tax positions related to current year 11 45
Additions for tax positions of prior years 11 38
Reductions for tax positions of prior years (24)(63)
Settlements and agreements (24)(22)
Lapse of statute of limitations (4)(5)
Balance at December 31 $ 161 $ 191
During 2012, the Company reduced its prior year unrecognized tax benefits by $24 million and increased its prior year
unrecognized tax benefits by $11 million for facts that indicate the extent to which certain tax positions are more-likely-than-
not of being sustained. The net reduction resulted in the recording of an income tax benefit of $13 million. Additionally, the
Company reduced its unrecognized tax benefits by $24 million for settlements and agreements with tax authorities, the majority
of which reduced tax carryforwards and prepaid tax assets.