Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name Chrysler Group LLC
CIK 0001513153
Accession number 0001193125-14-086806
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1513153/000119312514086806/chlr-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The table below summarizes the significant components of deferred tax assets and liabilities as of December 31(in millions of dollars):

 

     2013      2012  

Deferred Tax Assets

      

Accrued expenses

    $ 535        $ 542   

Postretirement health care and life insurance benefits

      416         452   

Property, plant and equipment

      6         5   

Pension liabilities and assets

      41         222   

Foreign NOL carryforwards

      111         101    

State and local taxes, including state NOL

      107          103    

Tax credit carryforwards

      32         92   

Other

      61         73   
  

 

 

     

 

 

  

Total Gross Deferred Tax Assets

      1,309         1,590   

Less: valuation allowance

      (151)        (1,164)   
  

 

 

     

 

 

  

Total Net Deferred Tax Assets

      1,158          426   

Deferred Tax Liabilities

      

Property, plant and equipment

      315         333    

State and local taxes, including state NOL

      63          20    

Lease transactions

      1         3   

Other

      133          161   
  

 

 

     

 

 

  

Total Deferred Tax Liabilities

      512          517   
  

 

 

     

 

 

  

Net Deferred Tax Assets/(Liabilities)

    $ 646        $ (91)   
  

 

 

     

 

 

  

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 1,309,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -151,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 1,158,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -512,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 646,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 484,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 342,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current -43,000,000 us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent -137,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 646,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 1,158,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -512,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 646,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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