beatandraise : SEC Filings Research with AI

beatandraise.com

1.0.0.3 false Income Taxes false 1 $ false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USD_Per_Share Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Income Taxes [Abstract] 0 f_IncomeTaxesAbstract f false na duration string No definition available. false false false false false true false false false 1 false false 0 0 false false No definition available. false 3 INCOME TAXES 1 us-gaap_IncomeTaxDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false 1 false false 0 0 <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">NOTE 23.  INCOME TAXES</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">Income Taxes</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">According to U.S. GAAP, we have elected to recognize accrued interest related to unrecognized tax benefits and tax-related penalties in the Provision for/(Benefit from) income taxes on our consolidated statement of operations.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">Valuation of Deferred Tax Assets and Liabilities</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">Deferred tax assets and liabilities are recognized based on the future tax consequences attributable to temporary differences that exist between the financial statement carrying value of assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards on a taxing jurisdiction basis.  We measure deferred tax assets and liabilities using enacted tax rates that will apply in the years in which we expect the temporary differences to be recovered or paid.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="justify" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">Our accounting for deferred tax consequences represents our best estimate of the likely future tax consequences of events that have been recognized in our financial statements or tax returns and their future probability.  In assessing the need for a valuation allowance, we consider both positive and negative evidence related to the likelihood of realization of the deferred tax assets.  If, based on the weight of available evidence, it is more likely than not the deferred tax assets will not be realized, we record a valuation allowance.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">Components of Income Taxes</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">Components of income taxes excluding discontinued operations, cumulative effects of changes in accounting principles, other comprehensive income, and equity in net results of affiliated companies accounted for after-tax, are as follows:</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left"> <table width="100%" cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr> <td style="PADDING-BOTTOM: 2px" valign="bottom">  </td> <td style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div align="center" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">2009</div></div></td> <td nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div align="center" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">2008</div></div></td> <td nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div align="center" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">2007</div></div></td> <td nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr> <td align="left" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Income/(Loss) before income taxes, excluding equity in net results of affiliated</div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">companies accounted for after-tax (in millions)</div></td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">U.S.</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1,869</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(16,122</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(6,373</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="white"> <td width="64%" align="left" style="PADDING-BOTTOM: 2px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Non-U.S.</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">1,147</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">1,448</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">2,113</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 4px; MARGIN-LEFT: 9pt" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Total</div></td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">3,016</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">(14,674</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">(4,260</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="white"> <td width="64%" valign="bottom">  </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Provision for/(Benefit from) income taxes (in millions)</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Current</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Federal</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(274</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(117</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(39</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="white"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Non-U.S.</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">293</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">458</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">313</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" style="PADDING-BOTTOM: 2px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">State and local</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">7</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">36</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">1</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="64%" align="left" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Total current</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">26</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">377</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">275</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Deferred</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Federal</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">—</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">95</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(1,749</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Non-U.S.</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">102</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(350</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">410</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="64%" align="left" style="PADDING-BOTTOM: 2px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">State and local</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(59</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(59</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(269</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 2px; MARGIN-LEFT: 9pt" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Total deferred</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">43</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(314</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(1,608</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="white"> <td width="64%" align="left" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 4px; MARGIN-LEFT: 9pt" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Total</div></td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">69</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">63</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">(1,333</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="#cceeff"> <td width="64%" valign="bottom">  </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Reconciliation of effective tax rate</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">U.S. tax at statutory rate</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">35.0</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">%</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">35.0</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">%</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">35.0</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">%</td></tr> <tr bgcolor="white"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Non-U.S. income taxes</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(1.6</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1.2</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1.3</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">State and local income taxes</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(1.6</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">0.2</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">4.2</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">General business credits</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(5.0</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1.1</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">5.4</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Dispositions and restructurings</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(3.4</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">15.8</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(6.1</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="white"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Medicare prescription drug benefit</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">—</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">0.6</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">2.1</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Prior year settlements and claims</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">8.3</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(0.6</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1.0</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Tax-related interest</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(1.2</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">0.5</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(1.7</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Other</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">0.9</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(0.1</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">2.5</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="64%" align="left" style="PADDING-BOTTOM: 2px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Valuation allowance</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(29.1</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(54.1</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(12.4</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="#cceeff"> <td width="64%" align="left" style="PADDING-BOTTOM: 4px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Effective rate</div></td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">2.3</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom">%</td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">(0.4</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom">)%</td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">31.3</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom">%</td></tr></table></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">No provision for deferred taxes has been made on $1.3 billion of unremitted earnings that are permanently invested in our non-U.S. operating assets.  Had these earnings not been permanently reinvested in non-U.S. operations, the U.S. tax consequences of their repatriation would have been insignificant since these earnings were subject to foreign taxes that would offset, as foreign tax credits, substantially all U.S. taxes.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">Components of Deferred Tax Assets and Liabilities</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">The components of deferred tax assets and liabilities at December 31 were as follows (in millions):</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left"> <table width="100%" cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr> <td style="PADDING-BOTTOM: 2px" valign="bottom">  </td> <td style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div align="center" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">2009</div></div></td> <td nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div align="center" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">2008</div></div></td> <td nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr> <td align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Deferred tax assets</div></td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom" colspan="2"> </td> <td nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Employee benefit plans</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">8,590</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">9,482</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Net operating loss carryforwards</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1,901</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">7,083</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Tax credit carryforwards</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">2,941</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">2,520</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Research expenditures</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">2,477</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">277</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Dealer and customer allowances and claims</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1,960</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1,873</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Other foreign deferred tax assets</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">5,291</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">3,948</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Allowance for credit losses</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1,771</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1,884</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" style="PADDING-BOTTOM: 2px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">All other</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">2,156</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">1,899</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Total gross deferred tax assets</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">27,087</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">28,966</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" style="PADDING-BOTTOM: 2px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Less: valuation allowance</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(17,451</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(17,268</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Total net deferred tax assets</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">9,636</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">11,698</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Deferred tax liabilities</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom"> </td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Leasing transactions</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">2,245</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">3,206</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Depreciation and amortization (excluding leasing transactions)</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">3,080</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">2,890</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Finance receivables</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">515</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">786</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" style="PADDING-BOTTOM: 2px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">All other</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">2,731</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">3,743</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" style="PADDING-BOTTOM: 2px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Total deferred tax liabilities</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">8,571</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">10,625</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" style="PADDING-LEFT: 0pt; PADDING-BOTTOM: 4px; MARGIN-LEFT: 9pt" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 27pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Net deferred tax assets/(liabilities)</div></td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">1,065</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">1,073</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom"> </td></tr></table></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">Operating loss carryforwards for tax purposes were $5.8 billion at December 31, 2009.  A substantial portion of these losses begin to expire in 2029; the remaining losses will begin to expire in 2018.  Capital loss carryforwards for tax purposes were $465 million at December 31, 2009.  Tax credits available to offset future tax liabilities are $2.9 billion.  A substantial portion of these credits have a remaining carryforward period of 10 years or more.  Tax benefits of operating loss and tax credit carryforwards are evaluated on an ongoing basis, including a review of historical and projected future operating results, the eligible carryforward period, and other circumstances.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="justify" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">Effective September 30, 2006, the balance of deferred taxes primarily at our U.S. entities has changed from a net deferred tax liability position to a net deferred tax asset position.  Due to the cumulative losses we have incurred at these operations and their near-term financial outlook, at December 31, 2009 we have a valuation allowance of $17.5 billion against the net deferred tax asset.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">Tax Benefits Preservation Plan</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">On September 11, 2009, our Board of Directors adopted a tax benefit preservation plan designed to preserve shareholder value and the value of certain tax assets including net operating losses, capital losses, and tax credit carryforwards ("Tax Attributes").  At December 31, 2009, we had Tax Attributes that would offset $17 billion of U.S. taxable income.  Our ability to use these Tax Attributes would be substantially limited if there were an "ownership change" as defined under Section 382 of the Internal Revenue Code.  In general, an ownership change would occur if 5-percent shareholders (as defined under U.S. federal income tax laws) collectively increase their ownership in Ford by more than 50 percentage points over a rolling three-year period.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">In connection with the tax benefit preservation plan, our Board of Directors declared a dividend of one preferred share purchase right for each share of Ford Common Stock and Class B Stock outstanding as of the close of business on September 25, 2009.  In accordance with the Plan, shares held by any person who acquires, without the approval of our Board of Directors, beneficial ownership of 4.99% or more of outstanding Ford Common Stock (including any ownership interest held by that person's affiliates and associates as defined under the tax benefit preservation plan) could be subject to significant dilution.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">Other</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">We adopted the provisions of the accounting standard for uncertainty in income taxes on January 1, 2007.  As a result of its implementation, we recorded an increase of $1.3 billion to Retained earnings.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows for the years listed (in millions):</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left"> <table width="100%" cellspacing="0" cellpadding="0" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr> <td style="PADDING-BOTTOM: 2px" valign="bottom">  </td> <td style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div align="center" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">2009</div></div></td> <td nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td style="BORDER-BOTTOM: black 2px solid" valign="bottom" colspan="2"> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"> <div align="center" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">2008</div></div></td> <td nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; MARGIN-RIGHT: 5.05pt">Balance at January 1</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1,898</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">1,810</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 5.05pt">Increase – tax positions in prior periods</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">282</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">416</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 5.05pt">Increase – tax positions in current period</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">55</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">64</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom"> </td></tr> <tr bgcolor="white"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 5.05pt">Decrease – tax positions in prior periods</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(213</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(38</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 5.05pt">Settlements</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(836</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(235</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="white"> <td width="76%" align="left" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 5.05pt">Lapse of statute of limitations</div></td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(37</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td> <td width="1%" valign="bottom"> </td> <td width="1%" style="TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="TEXT-ALIGN: right" valign="bottom">(23</td> <td width="1%" nowrap="nowrap" style="TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="#cceeff"> <td width="76%" align="left" style="PADDING-BOTTOM: 2px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 5.05pt">Foreign currency translation adjustment</div></td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">24</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 2px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left" valign="bottom"> </td> <td width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right" valign="bottom">(96</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 2px; TEXT-ALIGN: left" valign="bottom">)</td></tr> <tr bgcolor="white"> <td width="76%" align="left" style="PADDING-BOTTOM: 4px" valign="bottom"> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 5.05pt">Balance at December 31</div></td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">1,173</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom"> </td> <td width="1%" style="PADDING-BOTTOM: 4px" valign="bottom"> </td> <td width="1%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left" valign="bottom">$</td> <td width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right" valign="bottom">1,898</td> <td width="1%" nowrap="nowrap" style="PADDING-BOTTOM: 4px; TEXT-ALIGN: left" valign="bottom"> </td></tr></table></div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">The amount of unrecognized tax benefits at December 31, 2009 and 2008 that would affect the effective tax rate if recognized was $745 million and $964 million, respectively.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">The U.S. and Canadian governments have reached agreement on our transfer pricing methodologies.  The agreement covers a number of years and has resulted in a favorable impact to the income tax provision of $196 million in 2009 after the impact of valuation allowances, primarily resulting from the refund of prior Canadian tax payments.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">Examinations by tax authorities have been completed through 1999 in Germany, 2001 in Sweden, 2004 in Canada, 2005 in the United States, and 2006 in the United Kingdom.  Although examinations have been completed in these jurisdictions, various unresolved transfer pricing disputes exist for years dating back to 1994.</div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> </div> <div align="left" style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; MARGIN-RIGHT: 0pt">During 2009 and 2008, we recorded in our consolidated statement of operations approximately $54 million and $69 million in tax related interest income, respectively.  As of December 31, 2009 and 2008, we had recorded a net payable of $38 million, and a net receivable of $177 million, respectively, for tax-related interest.</div> NOTE 23.  INCOME TAXES Income Taxes According to U.S. GAAP, we have elected to recognize accrued interest related to unrecognized tax benefits false false No definition available. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true