Income Taxes |
9 Months Ended |
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Sep. 26, 2015 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes [Text Block] |
Note 19: Income Taxes
Our effective income tax rate was 21.2% in the first nine months of 2015 compared to 27.8% in the first nine months of 2014. The effective rate was positively impacted by the settlement of a one-time refund claim involving asset tax basis resulting in the recognition of a $320 million tax benefit and our decision to indefinitely reinvest certain prior years' non-U.S. earnings resulting in the release of $185 million previously accrued U.S. deferred taxes in the second quarter of 2015. In addition, a higher proportion of our income from lower taxed jurisdictions positively impacted our effective income tax rate from the comparable period.
Our ending gross unrecognized tax benefits as of September 26, 2015 was $302 million ($577 million as of December 27, 2014).
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- References No definition available.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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