Text Block Summary for Disclosure

#	1
Entity Registrant Name	3M CO

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Components of Deferred Tax Assets and Liabilities

(Millions)			2013		2012
Deferred tax assets:
	Accruals not currently deductible
		Employee benefit costs	$	140	$	115
		Product and other claims		155		161
		Miscellaneous accruals		130		137
	Pension costs			447		969
	Stock-based compensation			322		415
	Net operating/capital loss carryforwards			225		304
	Foreign tax credits			316		285
	Inventory			221		189
	Other - net			―		18
Gross deferred tax assets				1,956		2,593
Valuation allowance				(23)		(29)
Total deferred tax assets			$	1,933	$	2,564

Deferred tax liabilities:
	Product and other insurance receivables		$	(46)	$	(60)
	Accelerated depreciation			(813)		(858)
	Intangible amortization			(780)		(808)
	Other			(7)		―
Total deferred tax liabilities			$	(1,646)	$	(1,726)

Net deferred tax assets			$	287	$	838

#	2
Entity Registrant Name	ABBOTT LABORATORIES

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

(in millions)	2013			2012

Deferred tax assets:
Compensation and employee benefits	$	862		$	1,936
Other, primarily reserves not currently deductible, and NOL's and credit carryforwards		2,908			3,278
Trade receivable reserves		155			557
Inventory reserves		137			211
Deferred intercompany profit		274			1,095
State income taxes		196			197


Total deferred tax assets		4,532			7,274


Deferred tax liabilities:
Depreciation		(72	)		(75	)
Other, primarily the excess of book basis over tax basis of intangible assets		(1,774	)		(2,447	)


Total deferred tax liabilities		(1,846	)		(2,522	)


Total net deferred tax assets	$	2,686		$	4,752

#	3
Entity Registrant Name	AETNA INC /PA/

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The significant components of our net deferred tax assets at December 31, 2013 and 2012 were as follows:



(Millions)	2013			2012
Deferred tax assets:
Reserve for anticipated future losses on discontinued products	$	225.2		$	157.4
Employee and postretirement benefits	130.9			474.1
Investments, net	76.0			79.2
Deferred policy acquisition costs	21.9			28.5
Insurance reserves	237.4			166.8
Debt fair value adjustments	62.0			—
Net operating losses	176.2			134.8
Severance and facilities	30.1			20.4
Litigation-related settlement	43.5			43.0
Other	106.3			77.6
Gross deferred tax assets	1,109.5			1,181.8
Less: Valuation allowance	139.3			134.4
Deferred tax assets, net of valuation allowance	970.2			1,047.4
Deferred tax liabilities:
Unrealized gains on investment securities	192.8			458.9
Goodwill and other acquired intangible assets	861.9			400.9
Cumulative depreciation and amortization	258.2			234.6
Total gross deferred tax liabilities	1,312.9			1,094.4
Net deferred tax assets ⁽¹⁾	$	(342.7	)	$	(47.0	)


⁽¹⁾	Includes $521.5 million and $426.5 million classified as current assets at December 31, 2013 and 2012, respectively. Includes $864.2 million and $473.5 million classified as long-term liabilities at December 31, 2013 and 2012, respectively.

#	4
Entity Registrant Name	Allstate Corp

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($ in millions)	2013			2012

Deferred assets
Unearned premium reserves	$	722		$	666
Discount on loss reserves		238			280
Accrued compensation		226			212
Difference in tax bases of invested assets		223			353
Sale of subsidiary		196			27
Other postretirement benefits		105			218
Pension		—			278
Alternative minimum tax credit carryforward		—			165
Other assets		96			92


Total deferred assets		1,806			2,291
Deferred liabilities
DAC		(1,077	)		(917	)
Unrealized net capital gains		(849	)		(1,527	)
Life and annuity reserves		(206	)		(130	)
Pension		(136	)		—
Other liabilities		(324	)		(314	)


Total deferred liabilities		(2,592	)		(2,888	)
Net deferred liability before classification as held for sale		(786	)		(597	)
Deferred taxes classified as held for sale		(151	)		—


Net deferred liability	$	(635	)	$	(597	)

#	5
Entity Registrant Name	AMAZON COM INC

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Deferred income tax assets and liabilities are as follows (in millions):



	December 31,
	2013			2012
Deferred tax assets:
Net operating losses U.S. - Federal/States (1)	$	53		$	47
Net operating losses foreign (2)	427			289
Accrued liabilities, reserves, & other expenses	590			482
Stock-based compensation	396			281
Deferred revenue	249			129
Assets held for investment	164			129
Other items	177			133
Tax credits (3)	107			12
Total gross deferred tax assets	2,163			1,502
Less valuation allowance (4)	(698		)	(415		)
Deferred tax assets, net of valuation allowance	1,465			1,087
Deferred tax liabilities:
Depreciation & amortization	(1,021		)	(698		)
Acquisition related intangible assets	(201		)	(274		)
Other items	(16		)	(29		)
Net deferred tax assets, net of valuation allowance	$	227		$	86

___________________


(1)	Excluding $81 million and $9 million of deferred tax assets as of December 31, 2013 and 2012, related to net operating losses that result from excess stock-based compensation and for which any benefit realized will be recorded to stockholders’ equity.


(2)	Excluding $2 million and $2 million of deferred tax assets as of December 31, 2013 and 2012, related to net operating losses that result from excess stock-based compensation and for which any benefit realized will be recorded to stockholders’ equity.


(3)	Excluding $227 million and $146 million of deferred tax assets as of December 31, 2013 and 2012, related to tax credits that result from excess stock-based compensation and for which any benefit realized will be recorded to stockholders’ equity.


(4)	Relates primarily to deferred tax assets that would only be realizable upon the generation of net income in certain foreign taxing jurisdictions and future capital gains.

#	6
Entity Registrant Name	AMERICAN AIRLINES INC

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The components of the Company's deferred tax assets and liabilities were (in millions):



	December 31,
	2012			2011
Deferred tax assets:
Postretirement benefits other than pensions	$	442		$	1,075
Rent expense	60			257
Alternative minimum tax credit carryforwards	493			493
Operating loss carryforwards	2,296			2,271
Pensions	2,455			2,337
Frequent flyer obligation	657			680
Gains from lease transactions	5			26
Reorganization items	863			—
Other	963			885
Total deferred tax assets	8,234			8,024
Valuation allowance	(5,084		)	(4,802		)
Net deferred tax assets	3,150			3,222
Deferred tax liabilities:
Accelerated depreciation and amortization	(2,960		)	(3,045		)
Other	(190		)	(177		)
Total deferred tax liabilities	(3,150		)	(3,222		)
Net deferred tax asset	$	—		$	—

#	7
Entity Registrant Name	AMERICAN EXPRESS CO

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The significant components of deferred tax assets and liabilities as of December 31 are reflected in the following table:

(Millions)				2013		2012
Deferred tax assets:
	Reserves not yet deducted for tax purposes		$	3,813	$	3,828
	Employee compensation and benefits			721		761
	Other			546		537
		Gross deferred tax assets		5,080		5,126
		Valuation allowance		(121)		(162)
		Deferred tax assets after valuation allowance		4,959		4,964
Deferred tax liabilities:
	Intangibles and fixed assets			1,325		1,346
	Deferred revenue			453		403
	Deferred interest			363		378
	Asset Securitization			130		73
	Other			245		306
		Gross deferred tax liabilities		2,516		2,506
Net deferred tax assets			$	2,443	$	2,458

#	8
Entity Registrant Name	AMERICAN INTERNATIONAL GROUP INC

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December 31, (in millions)	2013			2012



Deferred tax assets:
Losses and tax credit carryforwards	$	20,825		$	25,359
Unrealized loss on investments		4,843			3,365
Accruals not currently deductible, and other		2,935			4,499
Investments in foreign subsidiaries and joint ventures		1,035			1,435
Loss reserve discount		1,164			1,235
Loan loss and other reserves		888			547
Unearned premium reserve reduction		1,451			1,145
Employee benefits		1,217			1,483

Total deferred tax assets		34,358			39,068

Deferred tax liabilities:
Adjustment to life policy reserves		445			(1,817	)
Deferred policy acquisition costs		(3,396	)		(2,816	)
Flight equipment, fixed assets and intangible assets		(2,354	)		(2,015	)
Unrealized gains related to available for sale debt securities		(3,693	)		(7,464	)
Other		(571	)		(225	)

Total deferred tax liabilities		(9,569	)		(14,337	)

Net deferred tax assets before valuation allowance		24,789			24,731
Valuation allowance		(3,596	)		(8,036	)

Net deferred tax assets (liabilities)	$	21,193		$	16,695

#	9
Entity Registrant Name	AMERISOURCEBERGEN CORP

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	September 30,
	2014	2013
Merchandise inventories	$ 1,146,695	$ 1,016,522
Property and equipment	111,525	128,289
Goodwill and other intangible assets	273,147	260,357
Other	988	1,322
Gross deferred tax liabilities	1,532,355	1,406,490
Net operating loss and tax credit carryforwards	(59,404)	(61,726)
Capital loss carryforwards	(61,886)	(297,806)
Allowance for doubtful accounts	(33,915)	(30,073)
Accrued expenses	(23,857)	(16,731)
Employee and retiree benefits	(6,534)	(4,884)
Stock options	(35,845)	(29,356)
Warrants	(25,426)	(8,897)
Other	(54,213)	(57,640)
Gross deferred tax assets	(301,080)	(507,113)
Valuation allowance for deferred tax assets	105,393	327,546
Deferred tax assets, net of valuation allowance	(195,687)	(179,567)
Net deferred tax liabilities	$ 1,336,668	$ 1,226,923

#	10
Entity Registrant Name	APPLE INC

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As of September 27, 2014 and September 28, 2013, the significant components of the Company’s deferred tax assets and liabilities were (in millions):


	2014			2013
Deferred tax assets:
Accrued liabilities and other reserves	$	2,761		$	1,892
Deferred revenue		1,787			1,475
Basis of capital assets and investments		898			1,020
Share-based compensation		454			458
Other		644			1,029

Total deferred tax assets		6,544			5,874
Less valuation allowance		0			0

Deferred tax assets, net of valuation allowance		6,544			5,874

Deferred tax liabilities:
Unremitted earnings of foreign subsidiaries		21,544			18,044
Other		120			112

Total deferred tax liabilities		21,664			18,156

Net deferred tax liabilities	$	(15,120	)	$	(12,282	)

#	11
Entity Registrant Name	ARCHER DANIELS MIDLAND CO

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	December 31, 2013			December 31, 2012
	(In millions)
Deferred tax liabilities
Property, plant, and equipment	$	1,286		$	1,163
Equity in earnings of affiliates	323			329
Debt exchange	123			140
Inventories	132			89
Other	119			141
	$	1,983		$	1,862
Deferred tax assets
Pension and postretirement benefits	$	267		$	373
Stock compensation	60			67
Foreign tax credit carryforwards	26			32
Foreign tax loss carryforwards	329			344
Capital loss carryforwards	24			25
State tax attributes	74			79
Other	205			105
Gross deferred tax assets	985			1,025
Valuation allowances	(329		)	(173		)
Net deferred tax assets	$	656		$	852

Net deferred tax liabilities	$	1,327		$	1,010

The net deferred tax liabilities are classified as follows:
Current assets	$	—		$	36
Current assets (foreign)	17			—
Current liabilities	(8		)	—
Current liabilities (foreign)	(22		)	(97		)
Noncurrent assets (foreign)	134			318
Noncurrent liabilities	(1,404		)	(1,267		)
Noncurrent liabilities (foreign)	(44		)	—
	$	(1,327	)	$	(1,010	)

#	12
Entity Registrant Name	AT&T Inc.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

		2013		2012
Depreciation and amortization	$	43,623	$	41,411
Intangibles (nonamortizable)		1,874		1,874
Employee benefits		(9,072)		(13,350)
Net operating loss and other carryforwards		(2,272)		(2,167)
Other – net		29		(1,199)
Subtotal		34,182		26,569
Deferred tax assets valuation allowance		927		886
Net deferred tax liabilities	$	35,109	$	27,455

Net long-term deferred tax liabilities	$	36,308	$	28,491
Less: Net current deferred tax assets		(1,199)		(1,036)
Net deferred tax liabilities	$	35,109	$	27,455

#	13
Entity Registrant Name	BANK OF AMERICA CORP /DE/

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Significant components of the Corporation’s net deferred tax assets and liabilities at December 31, 2013 and 2012 are presented in the table below.




Deferred Tax Assets and Liabilities

	December 31
(Dollars in millions)	2013			2012
Deferred tax assets
Net operating loss carryforwards	$	10,967		$	13,863
Tax credit carryforwards	9,689			9,529
Accrued expenses	6,749			8,099
Allowance for credit losses	6,100			8,463
Security, loan and debt valuations	4,264			2,712
Employee compensation and retirement benefits	2,729			4,612
State income taxes	2,643			2,766
Available-for-sale securities	1,918			—
Other	722			725
Gross deferred tax assets	45,781			50,769
Valuation allowance	(1,940		)	(2,211		)
Total deferred tax assets, net of valuation allowance	43,841			48,558

Deferred tax liabilities
Equipment lease financing	3,106			3,371
Long-term borrowings	3,033			3,215
Mortgage servicing rights	1,547			1,986
Intangibles	1,529			1,708
Fee income	798			901
Available-for-sale securities	—			2,877
Other	1,472			1,462
Gross deferred tax liabilities	11,485			15,520
Net deferred tax assets	$	32,356		$	33,038

#	14
Entity Registrant Name	BEST BUY CO INC

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Deferred taxes are the result of differences between the bases of assets and liabilities for financial reporting and income tax purposes. Deferred tax assets and liabilities were comprised of the following ($ in millions):



	February 1, 2014			February 2, 2013
Accrued property expenses	$	162		$	194
Other accrued expenses	133			119
Deferred revenue	81			153
Compensation and benefits	114			95
Stock-based compensation	110			137
Loss and credit carryforwards	176			266
Other	103			125
Total deferred tax assets	879			1,089
Valuation allowance	(158		)	(228		)
Total deferred tax assets after valuation allowance	721			861
Property and equipment	(286		)	(343		)
Goodwill and intangibles	(75		)	(127		)
Inventory	(60		)	(90		)
Other	(16		)	(22		)
Total deferred tax liabilities	(437		)	(582		)
Net deferred tax assets	$	284		$	279

#	15
Entity Registrant Name	BOEING CO

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Net deferred tax (liabilities)/assets at December 31 were as follows:



	2013			2012
Deferred tax assets		$12,486			$16,580
Deferred tax liabilities	(15,664		)	(14,046		)
Valuation allowance	(125		)	(121		)
Net deferred tax (liabilities)/assets		($3,303	)		$2,413

#	16
Entity Registrant Name	CARDINAL HEALTH INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The following table presents the components of the deferred income tax assets and liabilities at June 30:



(in millions)	2014			2013
Deferred income tax assets:
Receivable basis difference	$	59		$	50
Accrued liabilities	111			115
Share-based compensation	51			66
Loss and tax credit carryforwards	191			158
Deferred tax assets related to uncertain tax positions	84			127
Other	42			82
Total deferred income tax assets	538			598
Valuation allowance for deferred income tax assets	(94		)	(88		)
Net deferred income tax assets	$	444		$	510

Deferred income tax liabilities:
Inventory basis differences	$	(1,164	)	$	(1,160	)
Property-related	(142		)	(173		)
Goodwill and other intangibles	(340		)	(299		)
Other	(7		)	(6		)
Total deferred income tax liabilities	(1,653		)	(1,638		)
Net deferred income tax liability	$	(1,209	)	$	(1,128	)

#	17
Entity Registrant Name	CATERPILLAR INC

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The amount of deferred income taxes at December 31, included on the following lines in Statement 3, are as follows:



	December 31,
(Millions of dollars)	2013		2012		2011
Assets:
Deferred and refundable income taxes	$	877	$	979	$	1,044
Noncurrent deferred and refundable income taxes	456		1,863		2,005
	1,333		2,842		3,049
Liabilities:
Other current liabilities	86		66		69
Other liabilities	447		484		559
Deferred income taxes—net	$	800	$	2,292	$	2,421



Deferred income tax assets and liabilities:
	December 31,
(Millions of dollars)	2013			2012			2011
Deferred income tax assets:
Pension	$	903		$	2,100		$	2,130
Postemployment benefits other than pensions	1,435			1,678			1,622
Tax carryforwards	760			663			821
Warranty reserves	313			358			338
Stock-based compensation	320			281			232
Inventory	112			195			148
Allowance for credit losses	184			170			131
Post sale discounts	146			141			141
Deferred compensation	126			110			102
Other—net	524			491			537
	4,823			6,187			6,202

Deferred income tax liabilities:
Capital and intangible assets	(2,815		)	(2,759		)	(2,866		)
Bond discount	(240		)	(249		)	(37		)
Translation	(133		)	(173		)	(193		)
Undistributed profits of non-U.S. subsidiaries	(90		)	(128		)	(215		)
	(3,278		)	(3,309		)	(3,311		)
Valuation allowance for deferred tax assets	(745		)	(586		)	(470		)
Deferred income taxes—net	$	800		$	2,292		$	2,421

#	18
Entity Registrant Name	CHEVRON CORP

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The reported deferred tax balances are composed of the following:



	At December 31
	2013			2012
Deferred tax liabilities
Properties, plant and equipment	$	25,936		$	24,295
Investments and other	2,272			2,276
Total deferred tax liabilities	28,208			26,571
Deferred tax assets
Foreign tax credits	(11,572		)	(10,817		)
Abandonment/environmental reserves	(6,279		)	(5,728		)
Employee benefits	(3,825		)	(5,100		)
Deferred credits	(2,768		)	(2,891		)
Tax loss carryforwards	(1,016		)	(738		)
Other accrued liabilities	(533		)	(381		)
Inventory	(358		)	(281		)
Miscellaneous	(1,439		)	(1,835		)
Total deferred tax assets	(27,790		)	(27,771		)
Deferred tax assets valuation allowance	17,171			15,443
Total deferred taxes, net	$	17,589		$	14,243

#	19
Entity Registrant Name	Chrysler Group LLC

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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)

#	20
Entity Registrant Name	CHS Inc.

#	21
Entity Registrant Name	CIGNA Corporation

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

(In millions)	2013		2012
Deferred tax assets
Employee and retiree benefit plans	$	422	$	765
Investments, net		25		84
Other insurance and contractholder liabilities		407		486
Deferred gain on sale of businesses		39		39
Policy acquisition expenses		142		147

Other accrued liabilities		157		164
Bad debt expense		24		21
Other		40		42
Deferred tax assets before valuation allowance		1,256		1,748
Valuation allowance for deferred tax assets		(49)		(42)
Deferred tax assets, net of valuation allowance		1,207		1,706
Deferred tax liabilities
Depreciation and amortization		700		704
Foreign operations, net		162		147
Unrealized appreciation on investments and foreign currency translation		253		481
Total deferred tax liabilities		1,115		1,332
Net deferred income tax assets	$	92	$	374

#	22
Entity Registrant Name	CISCO SYSTEMS, INC.

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The following table presents the breakdown between current and noncurrent net deferred tax assets (in millions):



	July 26, 2014			July 27, 2013
Deferred tax assets—current	$	2,808		$	2,616
Deferred tax liabilities—current	(134		)	(114		)
Deferred tax assets—noncurrent	1,700			1,539
Deferred tax liabilities—noncurrent	(369		)	(399		)
Total net deferred tax assets	$	4,005		$	3,642

The components of the deferred tax assets and liabilities are as follows (in millions):



	July 26, 2014			July 27, 2013
ASSETS
Allowance for doubtful accounts and returns	$	464		$	390
Sales-type and direct-financing leases	231			167
Inventory write-downs and capitalization	307			216
Investment provisions	212			214
IPR&D, goodwill, and purchased intangible assets	135			123
Deferred revenue	1,689			1,624
Credits and net operating loss carryforwards	796			681
Share-based compensation expense	661			783
Accrued compensation	496			486
Other	676			560
Gross deferred tax assets	5,667			5,244
Valuation allowance	(114		)	(98		)
Total deferred tax assets	5,553			5,146
LIABILITIES
Purchased intangible assets	(1,229		)	(1,101		)
Depreciation	(48		)	(169		)
Unrealized gains on investments	(245		)	(211		)
Other	(26		)	(23		)
Total deferred tax liabilities	(1,548		)	(1,504		)
Total net deferred tax assets	$	4,005		$	3,642

#	23
Entity Registrant Name	COCA COLA CO

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The tax effects of temporary differences and carryforwards that give rise to deferred tax assets and liabilities consist of the following (in millions):



December 31,	2013			2012
Deferred tax assets:
Property, plant and equipment	$	102		$	89
Trademarks and other intangible assets	63			77
Equity method investments (including foreign currency translation adjustment)	243			209
Derivative financial instruments	50			116
Other liabilities	1,102			1,178
Benefit plans	1,237			1,808
Net operating/capital loss carryforwards	790			782
Other	225			320
Gross deferred tax assets	$	3,812		$	4,579
Valuation allowances	(586		)	(487		)
Total deferred tax assets^1,2	$	3,226		$	4,092
Deferred tax liabilities:
Property, plant and equipment	$	(2,417	)	$	(2,204	)
Trademarks and other intangible assets	(4,192		)	(4,133		)
Equity method investments (including foreign currency translation adjustment)	(1,070		)	(712		)
Derivative financial instruments	(147		)	(140		)
Other liabilities	(69		)	(144		)
Benefit plans	(473		)	(495		)
Other	(810		)	(929		)
Total deferred tax liabilities³	$	(9,178	)	$	(8,757	)
Net deferred tax liabilities	$	(5,952	)	$	(4,665	)


¹	Noncurrent deferred tax assets of $328 million and $403 million were included in the line item other assets in our consolidated balance sheets as of December 31, 2013 and 2012, respectively.


²	Current deferred tax assets of $211 million and $244 million were included in the line item prepaid expenses and other assets in our consolidated balance sheets as of December 31, 2013 and 2012, respectively.


³	Current deferred tax liabilities of $339 million and $331 million were included in the line item accounts payable and accrued expenses in our consolidated balance sheets as of December 31, 2013 and 2012, respectively.

#	24
Entity Registrant Name	COMCAST CORP

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Components of Net Deferred Tax Liability
December 31 (in millions)			2013		2012
Deferred Tax Assets:
	Net operating loss carryforwards	$	495	$	491
	Differences between book and tax basis of long-term debt		117		109
	Nondeductible accruals and other		3,588		1,771
	Less: Valuation allowance		405		355
			3,795		2,016
Deferred Tax Liabilities:
	Differences between book and tax basis of property and equipment and intangible assets		34,044		29,185
	Differences between book and tax basis of investments		473		848
	Differences between book and tax basis of indexed debt securities		610		587
	Differences between book and tax basis of foreign subsidiaries and undistributed foreign earnings		367		-
	Differences between book and tax outside basis of NBCUniversal		-		1,413
			35,494		32,033
Net deferred tax liability		$	31,699	$	30,017

#	25
Entity Registrant Name	CONOCOPHILLIPS

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Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of
assets and liabilities for financial reporting purposes and the amounts used for tax purposes. Major
components of deferred tax liabilities and assets at December 31 were:

	Millions of Dollars
	2013		2012
Deferred Tax Liabilities
PP&E and intangibles	$	20,079	18,826
Investment in joint ventures		943	872
Inventory		86	76
Partnership income deferral		168	343
Other		724	793
Total deferred tax liabilities		22,000	20,910

Deferred Tax Assets
Benefit plan accruals		1,274	1,760
Asset retirement obligations and accrued environmental costs		4,483	3,954
Deferred state income tax		49	77
Other financial accruals and deferrals		297	544
Loss and credit carryforwards		1,487	2,062
Other		267	398
Total deferred tax assets		7,857	8,795
Less: valuation allowance		(969)	(1,345)
Net deferred tax assets		6,888	7,450
Net deferred tax liabilities	$	15,112	13,460

#	26
Entity Registrant Name	CORNING INC /NY

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	December 31,
	2013		2012

Loss and tax credit carryforwards	$	1,788	$	1,923
Other Assets		63		72
Asset impairments and restructuring reserves		172		168
Postretirement medical and life benefits		290		357
Fixed assets		85		89
Other accrued liabilities		320		268
Other employee benefits		387		486
Gross deferred tax assets		3,105		3,363
Valuation allowance		(286)		(210)
Total deferred tax assets		2,819		3,153
Intangible and other assets		(321)		(246)
Total deferred tax liabilities		(321)		(246)
Net deferred tax assets	$	2,498	$	2,907

#	27
Entity Registrant Name	COSTCO WHOLESALE CORP /NEW

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The components of the deferred tax assets (liabilities) are as follows:



	2014			2013
Equity compensation	$	85		$	80
Deferred income/membership fees	98			130
Accrued liabilities and reserves	607			530
Other	19			42
Property and equipment	(529		)	(558		)
Merchandise inventories	(193		)	(190		)
Net deferred tax assets	$	87		$	34

#	28
Entity Registrant Name	CVS CAREMARK CORP

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The following table is a summary of the significant components of the Company’s deferred tax assets and liabilities as of December 31:



In millions	2013			2012
Deferred tax assets:
Lease and rents	$	344		$	336
Inventories	—			141
Employee benefits	213			202
Allowance for doubtful accounts	79			137
Retirement benefits	172			115
Net operating losses	10			5
Depreciation	192			—
Other	598			430
Valuation allowance	(3		)	—
Total deferred tax assets	1,605			1,366
Deferred tax liabilities:
Inventories	(69		)	—
Depreciation and amortization	(4,512		)	(4,457		)
Total deferred tax liabilities	(4,581		)	(4,457		)
Net deferred tax liabilities	$	(2,976	)	$	(3,091	)

#	29
Entity Registrant Name	DELTA AIR LINES INC /DE/

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The following table shows significant components of our deferred tax assets and liabilities:



	December 31,
(in millions)	2013			2012
Deferred tax assets:
Net operating loss carryforwards	$	6,024		$	6,414
Pension, postretirement and other benefits	4,982			6,415
AMT credit carryforward	378			402
Deferred revenue	1,965			2,133
Other	698			881
Valuation allowance	(177		)	(10,963		)
Total deferred tax assets	$	13,870		$	5,282
Deferred tax liabilities:
Depreciation	$	4,799		$	4,851
Intangible assets	1,704			1,730
Other	639			285
Total deferred tax liabilities	$	7,142		$	6,866

The following table shows the current and noncurrent deferred tax assets (liabilities):



	December 31,
(in millions)	2013		2012
Current deferred tax assets, net	$	1,736	$	463
Noncurrent deferred tax assets (liabilities), net	4,992		(2,047		)
Total deferred tax assets (liabilities), net	$	6,728	$	(1,584	)

#	30
Entity Registrant Name	DOW CHEMICAL CO /DE/

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Deferred Tax Balances at December 31	2013					2012
In millions	Deferred Tax Assets (1)			Deferred Tax Liabilities		Deferred Tax Assets (1)			Deferred Tax Liabilities
Property	$	62		$	2,165	$	58		$	2,128
Tax loss and credit carryforwards	2,012			—		1,954			—
Postretirement benefit obligations	3,619			1,150		4,900			1,291
Other accruals and reserves	1,901			392		2,167			329
Intangibles	113			827		218			994
Inventory	217			197		240			179
Long-term debt	—			600		—			599
Investments	137			111		317			183
Other – net	1,143			794		1,168			642
Subtotal	$	9,204		$	6,236	$	11,022		$	6,345
Valuation allowances	(1,112		)	—		(1,399		)	—
Total	$	8,092		$	6,236	$	9,623		$	6,345


(1)	Included in current deferred tax assets are prepaid tax assets totaling $205 million in 2013 and $218 million in 2012.

#	31
Entity Registrant Name	DUPONT E I DE NEMOURS & CO

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	2013					2012
	Asset			Liability		Asset			Liability
Depreciation	$	—		$	1,707	$	—		$	1,696
Accrued employee benefits	3,754			512		5,198			167
Other accrued expenses	818			87		723			65
Inventories	275			151		231			105
Unrealized exchange gains/losses	65			—		—			37
Tax loss/tax credit carryforwards/backs	2,615			—		2,733			—
Investment in subsidiaries and affiliates	189			245		78			92
Amortization of intangibles	109			1,372		58			1,335
Other	316			159		244			265
Valuation allowance	(1,764		)	—		(1,914		)	—
	$	6,377		$	4,233	$	7,351		$	3,762
Net deferred tax asset	$	2,144				$	3,589

#	32
Entity Registrant Name	Express Scripts Holding Co.

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Our income tax provision from discontinued operations was $28.7 million, and $7.5 million for 2013 and 2012, respectively.

The deferred tax assets and deferred tax liabilities recorded in our consolidated balance sheet are as follows:



	December 31,
(in millions)	2013			2012
Deferred tax assets:
Allowance for doubtful accounts	$	70.9		$	61.6
Note premium	81.6			101.7
Tax attributes	85.9			62.7
Deferred compensation	6.4			12.2
Equity compensation	268.7			359.5
Accrued expenses	406.0			329.9
Federal benefit of uncertain tax positions	181.8			164.9
Investment in foreign subsidiaries	—			15.6
Other	16.4			19.0
Gross deferred tax assets	1,117.7			1,127.1
Less valuation allowance	(66.9		)	(34.7		)
Net deferred tax assets	1,050.8			1,092.4
Deferred tax liabilities:
Depreciation and property differences	(434.3		)	(444.6		)
Goodwill and intangible assets	(5,585.9		)	(6,164.7		)
Prepaids	(4.0		)	(7.7		)
Other	(11.8		)	(11.3		)
Gross deferred tax liabilities	(6,036.0		)	(6,628.3		)
Net deferred tax liabilities	$	(4,985.2	)	$	(5,535.9	)

#	33
Entity Registrant Name	EXXON MOBIL CORP

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Tax effects of temporary differences for:		2013	2012
		(millions of dollars)

Property, plant and equipment		50,884	48,720
Other liabilities		3,474	3,680
	Total deferred tax liabilities	54,358	52,400

Pension and other postretirement benefits		(6,573)	(8,041)
Asset retirement obligations		(6,083)	(5,826)
Tax loss carryforwards		(3,393)	(2,989)
Other assets		(6,246)	(6,135)
	Total deferred tax assets	(22,295)	(22,991)

Asset valuation allowances		2,491	1,615
	Net deferred tax liabilities	34,554	31,024

#	34
Entity Registrant Name	Federal Express Corporation

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		2014				2013
		Deferred Tax Assets		Deferred Tax Liabilities		Deferred Tax Assets		Deferred Tax Liabilities
Property, equipment,
	leases and intangibles	$	117	$	2,884	$	154	$	2,795
Employee benefits			578		10		566		10
Self-insurance accruals			343		-		338		-
Other			200		1,140		165		983
Net operating loss/credit
	carryforwards		275		-		252		-
Valuation allowances			(194)		-		(161)		-
		$	1,319	$	4,034	$	1,314	$	3,788

#	35
Entity Registrant Name	FEDERAL HOME LOAN MORTGAGE CORP

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Table 12.3 — Deferred Tax Assets and Liabilities



	2013			2012
	(in millions)
Deferred tax assets:
Deferred fees	$	5,035		$	4,330
Basis differences related to derivative instruments	6,946			10,294
Credit related items and allowance for loan losses	3,648			6,785
Unrealized (gains) losses related to available-for-sale securities	—			778
LIHTC and AMT credit carryforward	3,997			3,408
Net operating loss carryforward	3,978			11,479
Other items, net	40			146
Total deferred tax assets	23,644			37,220
Deferred tax liabilities:
Basis differences related to assets held for investment⁽¹⁾	(375		)	(4,609		)
Unrealized (gains) losses related to available-for-sale securities	(518		)	—
Basis differences related to debt	(35		)	(149		)
Total deferred tax liabilities	(928		)	(4,758		)
Valuation allowance	—			(31,684		)
Deferred tax assets (liabilities), net	$	22,716		$	778


(1)	The deferred tax liability balance for basis differences related to assets held for investment includes a basis adjustment on seriously delinquent loans. This deferred tax liability offsets a portion of the deferred tax asset for credit related items and the allowance for loan losses.

#	36
Entity Registrant Name	FORD MOTOR CO

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The components of deferred tax assets and liabilities were as follows (in millions):



	December 31, 2013			December 31, 2012
Deferred tax assets
Employee benefit plans	$	4,907		$	8,079
Net operating loss carryforwards	2,364			2,417
Tax credit carryforwards	5,675			4,973
Research expenditures	2,236			2,321
Dealer and dealers’ customer allowances and claims	2,106			1,820
Other foreign deferred tax assets	1,567			1,790
Allowance for credit losses	143			146
All other	2,736			1,176
Total gross deferred tax assets	21,734			22,722
Less: valuation allowances	(1,633		)	(1,923		)
Total net deferred tax assets	20,101			20,799
Deferred tax liabilities
Leasing transactions	1,138			1,145
Deferred income	2,075			2,094
Depreciation and amortization (excluding leasing transactions)	2,430			1,561
Finance receivables	723			616
Other foreign deferred tax liabilities	311			379
All other	707			289
Total deferred tax liabilities	7,384			6,084
Net deferred tax assets/(liabilities)	$	12,717		$	14,715

#	37
Entity Registrant Name	GENERAL DYNAMICS CORPORATION

#	38
Entity Registrant Name	General Electric Company

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December 31 (In millions)		2013		2012

GE
Provision for expenses(a)	$	5,934	$	6,503
Principal pension plans		3,436		6,567
Retiree insurance plans		3,154		3,800
Non-U.S. loss carryforwards(b)		874		942
Contract costs and estimated earnings		(3,550)		(3,087)
Intangible assets		(2,268)		(2,269)
Depreciation		(1,079)		(698)
Investment in global subsidiaries		(1,077)		(921)
Investment in NBCU LLC		-		(4,937)
Other – net		(363)		46
		5,061		5,946
GECC
Operating leases		(6,284)		(6,141)
Financing leases		(4,075)		(4,506)
Intangible assets		(1,943)		(1,666)
Cash flow hedges		(163)		(115)
Net unrealized gains (losses) on securities		(145)		(314)
Non-U.S. loss carryforwards(b)		3,791		3,049
Allowance for losses		2,640		1,975
Investment in global subsidiaries		1,883		1,689
Other – net		(490)		29
		(4,786)		(6,000)
Net deferred income tax asset (liability)	$	275	$	(54)

(a) Represented the tax effects of temporary differences related to expense accruals for a wide variety of items, such as employee compensation and benefits, other pension plan liabilities, interest on tax liabilities, product warranties and other sundry items that are not currently deductible.

(b) Net of valuation allowances of $2,089 million and $1,712 million for GE and $862 million and $628 million for GECC, for 2013 and 2012, respectively. Of the net deferred tax asset as of December 31, 2013, of $4,665 million, $30 million relates to net operating loss carryforwards that expire in various years ending from December 31, 2014, through December 31, 2016; $478 million relates to net operating losses that expire in various years ending from December 31, 2017 through December 31, 2030 and $4,157 million relates to net operating loss carryforwards that may be carried forward indefinitely.

#	39
Entity Registrant Name	GENERAL MOTORS COMPANY

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The following table summarizes the components of temporary differences and carryforwards that give rise to deferred tax assets and liabilities (dollars in millions):



	December 31, 2013			December 31, 2012
Deferred tax assets
Postretirement benefits other than pensions	$	2,902		$	3,494
Pension and other employee benefit plans	5,469			8,536
Warranties, dealer and customer allowances, claims and discounts	4,282			4,277
Property, plants and equipment	2,464			2,225
Capitalized research expenditures	7,179			6,106
Operating loss and tax credit carryforwards(a)	19,342			20,220
Miscellaneous	1,663			3,443
Total deferred tax assets before valuation allowances	43,301			48,301
Less: valuation allowances	(10,823		)	(10,991		)
Total deferred tax assets	32,478			37,310
Deferred tax liabilities
Intangible assets	397			724
Net deferred tax assets	$	32,081		$	36,586

_________


(a)	Includes operating loss and tax credit carryforwards of $16.3 billion expiring through 2033 and $3.0 billion that may be carried forward indefinitely at December 31, 2013.

#	40
Entity Registrant Name	Google Inc.

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Significant components of our deferred tax assets and liabilities are as follows (in millions):



	As of December 31,
	2012			2013
Deferred tax assets:
Stock-based compensation expense	$	311		$	283
State taxes	184			204
Capital loss carryforward	236			215
Settlement with the Authors Guild and AAP	28			45
Vacation accruals	67			94
Deferred rent	50			59
Accrued employee benefits	323			383
Accruals and reserves not currently deductible	365			390
Unrealized gain/loss on investments and others	0			57
Net operating losses	505			279
Tax credit	274			394
Basis difference in investment of Arris	2,043			1,372
Inventory write down	0			63
Other	128			128
Total deferred tax assets	4,514			3,966
Valuation allowance	(2,629		)	(1,899		)
Total deferred tax assets net of valuation allowance	1,885			2,067
Deferred tax liabilities:
Depreciation and amortization	(761		)	(537		)
Identified intangibles	(1,496		)	(1,479		)
Unrealized gains on investments and other	(105		)	0
Other prepaids	(118		)	(125		)
Other	(133		)	(283		)
Total deferred tax liabilities	(2,613		)	(2,424		)
Net deferred tax liabilities	$	(728	)	$	(357	)

#	41
Entity Registrant Name	Halliburton Company

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The primary components of our deferred tax assets and liabilities were as follows:



	December 31
Millions of dollars	2013			2012
Gross deferred tax assets:
Net operating loss carryforwards	$	481		$	474
Accrued liabilities	600			329
Employee compensation and benefits	351			375
Other	162			160
Total gross deferred tax assets	1,594			1,338
Gross deferred tax liabilities:
Depreciation and amortization	1,185			859
Other	81			137
Total gross deferred tax liabilities	1,266			996
Valuation allowances – net operating loss carryforwards	374			395
Net deferred income tax asset (liability)	$	(46	)	$	(53	)

#	42
Entity Registrant Name	HCA HOLDINGS, INC.

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A summary of the items comprising the deferred tax assets and liabilities at December 31 follows (dollars in millions):


	2013				2012
	Assets		Liabilities		Assets		Liabilities
Depreciation and fixed asset basis differences	$	—	$	229	$	—	$	292
Allowances for professional liability and other risks		365		—		355		—
Accounts receivable		423		—		405		—
Compensation		240		—		237		—
Other		638		698		744		595

	$	1,666	$	927	$	1,741	$	887

#	43
Entity Registrant Name	HESS CORP

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The components of deferred tax liabilities and deferred tax assets at December 31 were as follows:


	2013			2012
	(In millions)
Deferred tax liabilities
Property, plant and equipment	$	(5,581	)	$	(5,345	)
Other		(155	)		(105	)

Total deferred tax liabilities		(5,736	)		(5,450	)

Deferred tax assets
Net operating loss carryforwards		2,726			1,985
Tax credit carryforwards		161			373
Property, plant and equipment and investments		2,643			2,796
Accrued compensation, deferred credits and other liabilities		982			976
Asset retirement obligations		1,516			1,340
Other		216			313

Total deferred tax assets		8,244			7,783
Valuation allowances		(1,519	)		(1,282	)

Total deferred tax assets, net of valuation allowances		6,725			6,501

Net deferred tax assets	$	989		$	1,051

#	44
Entity Registrant Name	HEWLETT PACKARD CO

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	2013					2012
	Deferred Tax Assets			Deferred Tax Liabilities		Deferred Tax Assets			Deferred Tax Liabilities
	In millions
Loss carryforwards	$	9,807		$	—	$	9,142		$	—
Credit carryforwards		4,261			—		3,884			—
Unremitted earnings of foreign subsidiaries		—			7,469		—			7,559
Inventory valuation		128			13		185			12
Intercompany transactions—profit in inventory		125			—		463			—
Intercompany transactions—excluding inventory		1,923			—		881			—
Fixed assets		289			72		349			65
Warranty		622			—		663			—
Employee and retiree benefits		2,350			11		3,264			16
Accounts receivable allowance		185			1		161			2
Intangible assets		224			886		264			1,111
Restructuring		340			—		225			—
Deferred revenue		1,119			19		969			16
Other		1,443			759		1,107			367

Gross deferred tax assets and liabilities		22,816			9,230		21,557			9,148
Valuation allowance		(11,390	)		—		(10,223	)		—

Net deferred tax assets and liabilities	$	11,426		$	9,230	$	11,334		$	9,148

#	45
Entity Registrant Name	HOME DEPOT INC

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The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of February 2, 2014 and February 3, 2013 were as follows (amounts in millions):



	February 2, 2014			February 3, 2013
Assets:
Deferred compensation	$	252		$	265
Accrued self-insurance liabilities	447			459
State income taxes	117			97
Non-deductible reserves	275			285
Capital loss carryover	104			104
Net operating losses	66			71
Impairment of investment	120			120
Other	281			174
Total Deferred Tax Assets	1,662			1,575
Valuation Allowance	(26		)	(27		)
Total Deferred Tax Assets after Valuation Allowance	1,636			1,548

Liabilities:
Inventory	(97		)	(92		)
Property and equipment	(1,236		)	(1,194		)
Goodwill and other intangibles	(150		)	(112		)
Other	(138		)	(128		)
Total Deferred Tax Liabilities	(1,621		)	(1,526		)
Net Deferred Tax Assets	$	15		$	22

#	46
Entity Registrant Name	Honeywell International Inc

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	December 31,
Deferred tax assets:	2013		2012
Pension	$	32	$	1,362
Postretirement benefits other than pensions		499		657
Asbestos and environmental		437		535
Employee compensation and benefits		382		402
Other accruals and reserves		702		504
Net operating and capital losses		838		820
Tax credit carryforwards		266		333
Gross deferred tax assets		3,156		4,613
Valuation allowance		(614)		(598)
Total deferred tax assets	$	2,542	$	4,015

Deferred tax liabilities:
Property, plant and equipment	$	(654)	$	(668)
Intangibles		(1,126)		(1,106)
Other asset basis differences		(350)		(327)
Other		(22)		(39)
Total deferred tax liabilities		(2,152)		(2,140)
Net deferred taxes	$	390	$	1,875

#	47
Entity Registrant Name	HUMANA INC

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Principal components of our net deferred tax balances at December 31, 2013 and 2012 were as follows:


	Assets (Liabilities)
	2013			2012
	(in millions)
Future policy benefits payable	$	303		$	246
Compensation and other accrued expenses		185			174
Benefits payable		111			91
Net operating loss carryforward		49			203
Deferred acquisition costs		46			37
Unearned premiums		10			11
Capital loss carryforward		0			13
Other		12			9

Total deferred income tax assets		716			784

Valuation allowance		(28	)		(28	)

Total deferred income tax assets, net of valuation allowance		688			756

Depreciable property and intangible assets		(453	)		(465	)
Investment securities		(78	)		(265	)
Prepaid expenses		(83	)		(59	)

Total deferred income tax liabilities		(614	)		(789	)

Total net deferred income tax assets (liabilities)	$	74		$	(33	)

Amounts recognized in the consolidated balance sheets:
Other current assets	$	60		$	0
Other long-term assets		14			12
Trade accounts payable and accrued expenses		0			(45	)

Total net deferred income tax assets (liabilities)	$	74		$	(33	)

#	48
Entity Registrant Name	INGRAM MICRO INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Significant components of our net deferred tax assets and liabilities are as follows:



	Fiscal Year End
	2013			2012
Deferred tax assets:
Net operating loss carryforwards	$	293,514		$	223,790
Tax credit carryforwards	134,573			94,732
Employee benefits, including stock-based compensation	51,764			60,292
Reorganization and restructuring reserves	3,138			4,410
Inventory	32,627			31,999
Depreciation and amortization	38,899			69,264
Allowance on trade accounts receivable	12,991			13,476
Reserves and accruals not currently deductible for income tax purposes	27,545			26,478
Other	33,308			17,700
Total deferred tax assets	628,359			542,141
Valuation allowance	(315,312		)	(241,095		)
Subtotal	313,047			301,046
Deferred tax liabilities:	—
Depreciation and amortization	(154,079		)	(166,239		)
Outside basis difference on earnings of foreign subsidiaries	(60,345		)	(61,560		)
Other	(15,250		)	(17,272		)
Total deferred tax liabilities	(229,674		)	(245,071		)
Net deferred tax assets	$	83,373		$	55,975

#	49
Entity Registrant Name	Intel Corporation

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts for income tax purposes. Significant components of our deferred tax assets and liabilities at the end of each period were as follows:



(In Millions)	Dec 28, 2013			Dec 29, 2012
Deferred tax assets:
Accrued compensation and other benefits	$	1,047		$	1,125
Share-based compensation	564			638
Deferred income	672			637
Inventory	733			506
Unrealized losses on investments and derivatives	—			36
State credits and net operating losses	378			297
Other, net	654			654
Gross deferred tax assets	4,048			3,893
Valuation allowance	(456		)	(389		)
Total deferred tax assets	$	3,592		$	3,504
Deferred tax liabilities:
Property, plant and equipment	$	(2,023	)	$	(2,325	)
Licenses and intangibles	(687		)	(778		)
Convertible debt	(911		)	(856		)
Unrealized gains on investments and derivatives	(815		)	—
Investment in non-U.S. subsidiaries	(244		)	(213		)
Other, net	(281		)	(269		)
Total deferred tax liabilities	$	(4,961	)	$	(4,441	)
Net deferred tax assets (liabilities)	$	(1,369	)	$	(937	)

Reported as:
Current deferred tax assets	$	2,594		$	2,117
Non-current deferred tax assets	434			358
Non-current deferred tax liabilities	(4,397		)	(3,412		)
Net deferred tax assets (liabilities)	$	(1,369	)	$	(937	)

#	50
Entity Registrant Name	INTERNATIONAL BUSINESS MACHINES CORP

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Deferred Tax Assets

($ in millions)

At December 31:	2013		2012*
Retirement benefits	$	3,704	$	5,870
Share-based and other compensation		1,262		1,666
Domestic tax loss/credit carryforwards		982		954
Deferred income		964		1,018
Foreign tax loss/credit carryforwards		651		681
Bad debt, inventory and warranty reserves		592		586
Depreciation		382		456
Other		1,774		1,659
Gross deferred tax assets		10,311		12,890
Less: valuation allowance		734		1,187
Net deferred tax assets	$	9,577	$	11,703

* Reclassified to conform with 2013 presentation.

Deferred Tax Liabilities

($ in millions)

At December 31:	2013		2012*
Depreciation	$	1,346	$	1,378
Retirement benefits		1,219		257
Goodwill and intangible assets		1,173		957
Leases		1,119		2,216
Software development costs		558		542
Deferred transition costs		424		440
Other		841		993
Gross deferred tax liabilities	$	6,680	$	6,783

* Reclassified to conform with 2013 presentation.

#	51
Entity Registrant Name	INTERNATIONAL PAPER CO /NEW/

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The tax effects of significant temporary differences, representing deferred income tax assets and liabilities at December 31, 2013 and 2012, were as follows:



In millions	2013			2012
Deferred income tax assets:
Postretirement benefit accruals	$	193		$	229
Pension obligations	725			1,620
Alternative minimum and other tax credits	515			752
Net operating loss carryforwards	610			579
Compensation reserves	281			242
Other	284			406
Gross deferred income tax assets	2,608			3,828
Less: valuation allowance	(413		)	(400		)
Net deferred income tax asset	$	2,195		$	3,428
Deferred income tax liabilities:
Intangibles	$	(304	)	$	(378	)
Plants, properties and equipment	(2,919		)	(3,126		)
Forestlands and related installment sales	(2,307		)	(2,511		)
Gross deferred income tax liabilities	$	(5,530	)	$	(6,015	)
Net deferred income tax liability	$	(3,335	)	$	(2,587	)

#	52
Entity Registrant Name	JOHNSON & JOHNSON

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Temporary differences and carryforwards for 2013 and 2012 were as follows:



	2013 Deferred Tax				2012 Deferred Tax
(Dollars in Millions)	Asset		Liability		Asset	Liability
Employee related obligations	$	1,908			3,343
Stock based compensation	1,121				1,199
Depreciation			(772	)		(933	)
Non-deductible intangibles			(6,250	)		(6,261	)
International R&D capitalized for tax	1,656				1,599
Reserves & liabilities	1,587				1,908
Income reported for tax purposes	1,043				726
Net operating loss carryforward international	1,090				1,117
Miscellaneous international ⁽¹⁾	1,508		(361	)	1,291	(371	)
Miscellaneous U.S.	927				915
Total deferred income taxes	$	10,840	(7,383	)	12,098	(7,565	)

⁽¹⁾The $1,508 million is net of a valuation allowance related to Belgium of $187 million.

#	53
Entity Registrant Name	JOHNSON CONTROLS INC

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Temporary differences and carryforwards which gave rise to deferred tax assets and liabilities included (in millions):



	September 30,
	2014			2013
Deferred tax assets
Accrued expenses and reserves	$	197		$	439
Employee and retiree benefits	243			173
Net operating loss and other credit carryforwards	3,233			2,752
Research and development	118			146
	3,791			3,510
Valuation allowances	(1,285		)	(1,172		)
	2,506			2,338
Deferred tax liabilities
Property, plant and equipment	128			128
Intangible assets	275			196
Other	189			160
	592			484

Net deferred tax asset	$	1,914		$	1,854

#	54
Entity Registrant Name	JPMORGAN CHASE & CO

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The significant components of deferred tax assets and liabilities are reflected in the following table as of December 31, 2013 and 2012.



Deferred taxes
December 31, (in millions)	2013			2012
Deferred tax assets
Allowance for loan losses	$	6,593		$	8,712
Employee benefits	4,468			4,308
Accrued expenses and other	9,179			12,393
Non-U.S. operations	5,493			3,537
Tax attribute carryforwards	748			1,062
Gross deferred tax assets	26,481			30,012
Valuation allowance	(724		)	(689		)
Deferred tax assets, net of valuation allowance	$	25,757		$	29,323
Deferred tax liabilities
Depreciation and amortization	$	3,196		$	2,563
Mortgage servicing rights, net of hedges	5,882			5,336
Leasing transactions	2,352			2,242
Non-U.S. operations	4,705			3,582
Other, net	3,459			4,340
Gross deferred tax liabilities	19,594			18,063
Net deferred tax assets	$	6,163		$	11,260

#	55
Entity Registrant Name	KROGER CO

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	2013			2012
Current deferred tax assets:
Net operating loss and credit carryforwards	$	4		$	4
Compensation related costs	103			79
Other	15			¾

Subtotal	122			83
Valuation allowance	(9		)	(4		)

Total current deferred tax assets	113			79

Current deferred tax liabilities:
Insurance related costs	(96		)	(116		)
Inventory related costs	(265		)	(234		)
Other	¾			(17		)

Total current deferred tax liabilities	(361		)	(367		)

Current deferred taxes	$	(248	)	$	(288	)

Long-term deferred tax assets:
Compensation related costs	$	464		$	564
Lease accounting	115			87
Closed store reserves	54			56
Insurance related costs	66			77
Net operating loss and credit carryforwards	103			82
Other	¾			2

Subtotal	802			868
Valuation allowance	(38		)	(28		)

Total long-term deferred tax assets	764			840
Long-term deferred tax liabilities:
Depreciation	(2,128		)	(1,636		)
Other	(17		)	¾

Total long-term deferred tax liabilities	(2,145		)	(1,636		)

Long-term deferred taxes	$	(1,381	)	$	(796	)

#	56
Entity Registrant Name	LOCKHEED MARTIN CORP

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The primary components of our federal and foreign deferred income tax assets and liabilities at December 31 were as follows (in millions):


	2013			2012
Deferred tax assets related to:
Accrued compensation and benefits	$	918		$	909
Pensions ^(a)		3,198			5,117
Other postretirement benefit obligations		316			433
Contract accounting methods		721			853
Foreign company operating losses and credits		52			34
Other		223			284
Valuation allowance ^(b)		(8	)		(8)
Deferred tax assets, net		5,420			7,622
Deferred tax liabilities related to:
Goodwill and purchased intangibles		410			402
Property, plant, and equipment		575			604
Exchanged debt securities and other ^(c)		502			544
Deferred tax liabilities		1,487			1,550
Net deferred tax assets ^(d)	$	3,933		$	6,072

^(a)	The decrease in 2013 was primarily due to using a higher discount rate for the annual measurement adjustment related to our postretirement benefit plans (Note 10).

^(b)	A valuation allowance has been provided against certain foreign company deferred tax assets arising from carryforwards of unused tax benefits.

^(c)	Includes deferred taxes associated with the exchange of debt securities in 2012 (Note 9) and prior years.

^(d)	Includes net foreign current deferred tax liabilities, which are included on the Balance Sheets in other current liabilities.

#	57
Entity Registrant Name	LOWES COMPANIES INC

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The tax effects of cumulative temporary differences that gave rise to the deferred tax assets and liabilities were as follows:



(In millions)	January 31, 2014			February 1, 2013
Deferred tax assets:
Self-insurance	$	384		$	375
Share-based payment expense	70			73
Deferred rent	80			80
Net operating losses	148			131
Other, net	138			113
Total deferred tax assets	820			772
Valuation allowance	(164		)	(142		)
Net deferred tax assets	656			630

Deferred tax liabilities:
Property	(646		)	(783		)
Other, net	(49		)	(85		)
Total deferred tax liabilities	(695		)	(868		)

Net deferred tax liability	$	(39	)	$	(238	)

#	58
Entity Registrant Name	Macy's, Inc.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:



	February 1, 2014			February 2, 2013
	(millions)
Deferred tax assets
Post employment and postretirement benefits	$	392		$	476
Accrued liabilities accounted for on a cash basis for tax purposes	289			237
Long-term debt	90			96
Unrecognized state tax benefits and accrued interest	84			71
State operating loss and credit carryforwards	79			60
Other	160			177
Valuation allowance	(23		)	(39		)
Total deferred tax assets	1,071			1,078
Deferred tax liabilities
Excess of book basis over tax basis of property and equipment	(1,569		)	(1,665		)
Merchandise inventories	(587		)	(577		)
Intangible assets	(263		)	(230		)
Post employment benefits	(28		)	—
Other	(297		)	(251		)
Total deferred tax liabilities	(2,744		)	(2,723		)
Net deferred tax liability	$	(1,673	)	$	(1,645	)

#	59
Entity Registrant Name	Marathon Petroleum Corp

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Deferred tax assets and liabilities resulted from the following:



	December 31,
(In millions)	2013		2012
Deferred tax assets:
Employee benefits	$	483	$	585
Environmental	37		35
Other	49		55
Total deferred tax assets	569		675
Deferred tax liabilities:
Property, plant and equipment	2,290		2,225
Inventories	614		610
Investments in subsidiaries and affiliates	267		307
Other	70		29
Total deferred tax liabilities	3,241		3,171
Net deferred tax liabilities	$	2,672	$	2,496

#	60
Entity Registrant Name	MCDONALDS CORP

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Net deferred tax liabilities consisted of:



In millions	December 31, 2013				2012
Property and equipment		$	1,812.4		$	1,713.9
Other		639.8			636.4
Total deferred tax liabilities		2,452.2			2,350.3
Property and equipment		(407.9		)	(403.6		)
Employee benefit plans		(388.9		)	(362.9		)
Intangible assets		(210.1		)	(258.0		)
Deferred foreign tax credits		(192.3		)	(179.5		)
Operating loss carryforwards		(154.0		)	(92.4		)
Other		(347.6		)	(319.4		)
Total deferred tax assets before valuation allowance		(1,700.8		)	(1,615.8		)
Valuation allowance		172.8			127.0
Net deferred tax liabilities		$	924.2		$	861.5
Balance sheet presentation:
Deferred income taxes		$	1,647.7		$	1,531.1
Other assets-miscellaneous		(621.4		)	(603.6		)
Current assets-prepaid expenses and other current assets		(102.1		)	(66.0		)
Net deferred tax liabilities		$	924.2		$	861.5

#	61
Entity Registrant Name	McKESSON CORPORATION

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock



	March 31,
(In millions)	2014			2013
Assets
Receivable allowances	$	106		$	84
Deferred revenue	136			106
Compensation and benefit related accruals	641			553
Net operating loss and credit carryforwards	430			341
Other	289			281
Subtotal	1,602			1,365
Less: valuation allowance	(270		)	(118		)
Total assets	1,332			1,247
Liabilities
Inventory valuation and other assets	(2,163		)	(2,089		)
Fixed assets and systems development costs	(321		)	(267		)
Intangibles	(1,531		)	(734		)
Other	(118		)	(24		)
Total liabilities	(4,133		)	(3,114		)
Net deferred tax liability	$	(2,801	)	$	(1,867	)

Current net deferred tax asset	$	51		$	16
Current net deferred tax liability	(1,588		)	(1,626		)
Long-term deferred tax asset	19			21
Long-term deferred tax liability	(1,283		)	(278		)
Net deferred tax liability	$	(2,801	)	$	(1,867	)

#	62
Entity Registrant Name	Merck & Co. Inc.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Deferred income taxes at December 31 consisted of:



	2013					2012
	Assets			Liabilities		Assets			Liabilities
Intangibles	$	—		$	3,772	$	—		$	4,584
Inventory related	49			604		79			488
Accelerated depreciation	125			1,215		129			1,348
Unremitted foreign earnings	—			2,361		—			2,435
Equity investments	—			539		—			451
Pensions and other postretirement benefits	162			543		1,098			109
Compensation related	600			—		748			—
Unrecognized tax benefits	497			—		706			—
Net operating losses and other tax credit carryforwards	225			—		425			—
Other	1,605			71		1,798			91
Subtotal	3,263			9,105		4,983			9,506
Valuation allowance	(205		)			(107		)
Total deferred taxes	$	3,058		$	9,105	$	4,876		$	9,506
Net deferred income taxes				$	6,047				$	4,630
Recognized as:
Deferred income taxes and other current assets	$	572				$	624
Other assets	381					527
Income taxes payable				$	224				$	41
Deferred income taxes				6,776					5,740

#	63
Entity Registrant Name	METLIFE INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Deferred income tax represents the tax effect of the differences between the book and tax basis of assets and liabilities. Net deferred income tax assets and liabilities consisted of the following at:



	December 31,
	2013			2012
	(In millions)
Deferred income tax assets:
Policyholder liabilities and receivables	$	1,014		$	6,233
Investments, including derivatives	86			—
Net operating loss carryforwards	1,808			1,408
Employee benefits	737			1,234
Capital loss carryforwards	32			160
Tax credit carryforwards	1,653			545
Litigation-related and government mandated	232			197
Other	471			484
Total gross deferred income tax assets	6,033			10,261
Less: Valuation allowance	357			368
Total net deferred income tax assets	5,676			9,893
Deferred income tax liabilities:
Investments, including derivatives	—			3,149
Intangibles	2,081			2,668
Net unrealized investment gains	4,883			7,854
DAC	5,133			4,775
Other	222			140
Total deferred income tax liabilities	12,319			18,586
Net deferred income tax asset (liability)	$	(6,643	)	$	(8,693	)

#	64
Entity Registrant Name	MICROSOFT CORPORATION

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The components of the deferred income tax assets and liabilities were as follows:


(In millions)


June 30,	2014			2013

Deferred Income Tax Assets

Stock-based compensation expense	$	903		$	888
Other expense items		1,112			917
Unearned revenue		520			445
Impaired investments		209			246
Loss carryforwards		922			715
Other revenue items		64			55

Deferred income tax assets	$	3,730		$	3,266
Less valuation allowance		(903	)		(579	)

Deferred income tax assets, net of valuation allowance	$	2,827		$	2,687


Deferred Income Tax Liabilities

Foreign earnings	$	(1,140	)	$	(1,146	)
Unrealized gain on investments		(1,911	)		(1,012	)
Depreciation and amortization		(470	)		(604	)
Other		(87	)		(2	)

Deferred income tax liabilities	$	(3,608	)	$	(2,764	)

Net deferred income tax assets (liabilities)	$	(781	)	$	(77	)


Reported As

Current deferred income tax assets	$	1,941		$	1,632
Other current liabilities		(125	)		0
Other long-term assets		131			0
Long-term deferred income tax liabilities		(2,728	)		(1,709	)

Net deferred income tax assets (liabilities)	$	(781	)	$	(77	)

#	65
Entity Registrant Name	Mondelez International, Inc.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following at December 31, 2013 and 2012:


	2013			2012
	(in millions)

Deferred income tax assets:
Accrued postretirement and postemployment benefits	$	176		$	157
Accrued pension costs		417			693
Loss carryforwards		553			639
Other		1,189			1,755

Total deferred income tax assets		2,335			3,244

Valuation allowance		(335	)		(426	)

Net deferred income tax assets	$	2,000		$	2,818

Deferred income tax liabilities:
Trade names	$	(5,991	)	$	(6,394	)
Property, plant and equipment		(995	)		(972	)
Other		(590	)		(896	)

Total deferred income tax liabilities		(7,576	)		(8,262	)

Net deferred income tax liabilities	$	(5,576	)	$	(5,444	)

#	66
Entity Registrant Name	MORGAN STANLEY

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

				December 31,		December 31,
				2013		2012

				(dollars in millions)
Gross deferred tax assets:
	Tax credits and loss carryforwards		$	5,130	$	6,193
	Employee compensation and benefit plans			2,417		2,173
	Valuation and liability allowances			1,122		529
	Valuation of inventory, investments and receivables			418		—
	Other			—		158
		Total deferred tax assets		9,087		9,053
		Valuation allowance(1)		38		48
		Deferred tax assets after valuation allowance	$	9,049	$	9,005

Gross deferred tax liabilities:
	Non-U.S. operations		$	1,293	$	1,253
	Fixed assets			275		115
	Valuation of inventory, investments and receivables			—		351
	Other			253		—
		Total deferred tax liabilities	$	1,821	$	1,719
		Net deferred tax assets	$	7,228	$	7,286

(1) The valuation allowance reduces the benefit of certain separate Company federal net operating loss and state capital loss carryforwards to the amount that will more likely than not be realized.

#	67
Entity Registrant Name	NORTHROP GRUMMAN CORP /DE/

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The tax effects of significant temporary differences and carryforwards that gave rise to year-end deferred federal, state and foreign tax balances, as presented in the consolidated statements of financial position, are as follows:



	December 31
$ in millions	2013			2012
Deferred Tax Assets
Retirement benefits		$1,308			$2,710
Provisions for accrued liabilities	646			675
Stock-based compensation	109			146
Other	144			151
Gross deferred tax assets	2,207			3,682
Less valuation allowance	(55		)	(52		)
Net deferred tax assets	2,152			3,630
Deferred Tax Liabilities
Goodwill	806			804
Property, plant, and equipment, net	348			376
Contract accounting differences	134			199
Other	50			135
Gross deferred tax liabilities	1,338			1,514
Total net deferred tax assets		$ 814			$2,116

#	68
Entity Registrant Name	PACCAR INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The tax effects of temporary differences representing deferred tax assets and liabilities are as follows:


At December 31,	2013			2012
Assets:
Accrued expenses	$	188.4		$	179.9
Postretirement benefit plans					64.4
Net operating loss carryforwards		78.2			64.2
Allowance for losses on receivables		47.0			50.4
Other		88.4			83.3

		402.0			442.2
Valuation allowance		(43.9	)		(21.2	)

		358.1			421.0
Liabilities:
Financial Services leasing depreciation		(851.8	)		(775.8	)
Depreciation and amortization		(296.1	)		(241.4	)
Postretirement benefit plans		(51.3	)
Other		(5.4	)		(14.1	)

		(1,204.6	)		(1,031.3	)

Net deferred tax liability	$	(846.5	)	$	(610.3	)

#	69
Entity Registrant Name	PEPSICO INC

#	70
Entity Registrant Name	PFIZER INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock



The components of our deferred tax assets and liabilities, shown before jurisdictional netting, follow:
	2013 Deferred Tax						2012 Deferred Tax
(MILLIONS OF DOLLARS)	Assets			(Liabilities)			Assets			(Liabilities)
Prepaid/deferred items	$	1,668		$	(134	)	$	1,762		$	(113	)
Inventories	277			(216		)	315			(195		)
Intangible assets	1,137			(9,647		)	1,602			(12,585		)
Property, plant and equipment	376			(1,916		)	480			(1,307		)
Employee benefits	3,154			(77		)	4,890			(391		)
Restructurings and other charges	453			(396		)	734			(329		)
Legal and product liability reserves	904			—			1,909			—
Net operating loss/credit carryforwards^(a)	2,043			—			3,664			—
Unremitted earnings^(b)	—			(19,399		)	—			(17,077		)
State and local tax adjustments	297			—			385			—
All other	249			(448		)	722			(496		)
	10,558			(32,233		)	16,463			(32,493		)
Valuation allowances	(1,288		)	—			(1,033		)	—
Total deferred taxes	$	9,270		$	(32,233	)	$	15,430		$	(32,493	)
Net deferred tax liability^{(c), (d)}				$	(22,963	)				$	(17,063	)

^(a)

The amount in 2013 is shown after reduction for unrecognized tax benefits of $2.3 billion, where we have net operating loss carryforwards, similar tax losses, and/or tax credit carryforwards that are available, under the tax law of the applicable jurisdiction, to settle any additional income taxes that would result from the disallowance of a tax position. For additional information, see "Adoption of New Accounting Standard" in Note 5D. Tax Matters: Tax Contingencies.


^(b)	The increase in 2013 reflects additional accruals for certain funds earned outside the U.S. that will not be indefinitely reinvested overseas, virtually all of which were earned in the current year. For additional information, see Note 5A. Tax Matters: Taxes on Income from Continuing Operations.

^(c)

2013 v. 2012––The net deferred tax liability position increased, reflecting an increase in noncurrent deferred tax liabilities related to unremitted earnings, as well as a decrease in deferred tax assets related to net operating loss and credit carryforwards as a result of the adoption of a new accounting standard, a decrease in current deferred tax assets related to product liability reserves due to settlements, and the decrease in noncurrent deferred tax assets related to employee benefits, partially offset by the reduction in noncurrent deferred tax liabilities resulting from the amortization of identifiable intangible assets. For additional information, see Note 5D. Tax Matters: Tax Contingencies.

^(d)

In 2013, included in Current deferred tax assets and other current tax assets ($2.1 billion), Noncurrent deferred tax assets and other noncurrent tax assets ($569 million), Other current liabilities ($52 million) and Noncurrent deferred tax liabilities ($25.6 billion). In 2012, included in Current deferred tax assets and other current tax assets ($3.5 billion), Noncurrent deferred tax assets and other noncurrent tax assets ($611 million) and Noncurrent deferred tax liabilities ($21.2 billion).

#	71
Entity Registrant Name	Philip Morris International Inc.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The tax effects of temporary differences that gave rise to deferred income tax assets and liabilities consisted of the following:



	At December 31,
(in millions)	2013			2012
Deferred income tax assets:
Accrued postretirement and postemployment benefits	$	264		$	279
Accrued pension costs	135			262
Inventory	170			135
Accrued liabilities	139			150
Foreign exchange	146			52
Other	144			139
Total deferred income tax assets	998			1,017
Deferred income tax liabilities:
Trade names	(738		)	(816		)
Property, plant and equipment	(311		)	(320		)
Unremitted earnings	(735		)	(845		)
Total deferred income tax liabilities	(1,784		)	(1,981		)
Net deferred income tax liabilities	$	(786	)	$	(964	)

#	72
Entity Registrant Name	Phillips 66

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Major components of deferred tax liabilities and assets at December 31 were:



	Millions of Dollars
	2013		2012
Deferred Tax Liabilities
Properties, plants and equipment, and intangibles	$	3,747	3,721
Investment in joint ventures	2,696		2,183
Investment in foreign subsidiaries	401		386
Other	—		24
Total deferred tax liabilities	6,844		6,314
Deferred Tax Assets
Benefit plan accruals	499		614
Inventory	51		92
Asset retirement obligations and accrued environmental costs	223		234
Other financial accruals and deferrals	223		166
Loss and credit carryforwards	123		313
Other	18		59
Total deferred tax assets	1,137		1,478
Less: valuation allowance	127		329
Net deferred tax assets	1,010		1,149
Net deferred tax liabilities	$	5,834	5,165

#	73
Entity Registrant Name	PROCTER & GAMBLE CO

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Deferred income tax assets and liabilities were comprised of the following:



June 30	2014			2013
DEFERRED TAX ASSETS
Pension and postretirement benefits	$	2,045		$	1,777
Stock-based compensation	1,060			1,125
Loss and other carryforwards	1,211			1,062
Goodwill and other intangible assets	49			60
Accrued marketing and promotion	258			285
Fixed assets	115			135
Unrealized loss on financial and foreign exchange transactions	352			324
Accrued interest and taxes	66			15
Inventory	35			46
Other	809			879
Valuation allowances	(384		)	(341		)
TOTAL	5,616			5,367

DEFERRED TAX LIABILITIES
Goodwill and other intangible assets	$	11,428		$	11,941
Fixed assets	1,665			1,718
Other	144			315
TOTAL	13,237			13,974

#	74
Entity Registrant Name	PRUDENTIAL FINANCIAL INC

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		2013		2012

		(in millions)
Deferred tax assets
	Insurance reserves	$	2,760	$	3,952
	Policyholders' dividends		1,797		2,433
	Net operating and capital loss carryforwards		358		866
	Employee benefits		477		718
	Investments		1,510		0
	Other		472		343
	Deferred tax assets before valuation allowance		7,374		8,312
	Valuation allowance		(235)		(280)
	Deferred tax assets after valuation allowance		7,139		8,032
Deferred tax liabilities
	Net unrealized investment gains		7,147		8,451
	Deferred policy acquisition costs		4,208		3,559
	Investments		0		1,753
	Unremitted foreign earnings		679		1,216
	Value of business acquired		1,204		1,029
	Deferred tax liabilities		13,238		16,008
Net deferred tax liability		$	(6,099)	$	(7,976)

#	75
Entity Registrant Name	PUBLIX SUPER MARKETS INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and deferred tax liabilities as of December 28, 2013 and December 29, 2012 are as follows:



	2013		2012
	(Amounts are in thousands)
Deferred tax assets:
Self-insurance reserves	$	118,276	116,901
Retirement plan contributions	53,299		49,876
Postretirement benefit cost	41,384		46,688
Lease accounting	22,890		12,489
Inventory capitalization	13,178		11,768
Reserves not currently deductible	11,760		15,986
Other	11,626		10,556
Total deferred tax assets	$	272,413	264,264
Deferred tax liabilities:
Property, plant and equipment, primarily due to depreciation	$	507,308	497,932
Investment valuation	56,358		24,086
Other	9,942		11,706
Total deferred tax liabilities	$	573,608	533,724

#	76
Entity Registrant Name	RAYTHEON CO/

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Deferred income taxes consisted of the following at December 31:



(In millions)	2013			2012
Current deferred tax assets (liabilities)
Accrued employee compensation and benefits	$	240		$	226
Other accrued expenses and reserves	191			181
Contracts in process and inventories	(513		)	(311		)
Deferred income taxes-current	$	(82	)	$	96
Noncurrent deferred tax assets (liabilities)
Pension benefits	$	934		$	2,490
Other retiree benefits	113			118
Net operating loss and tax credit carryforwards	116			148
Depreciation and amortization	(1,346		)	(1,312		)
Other	(74		)	(86		)
Deferred income taxes-noncurrent	$	(257	)	$	1,358

#	77
Entity Registrant Name	RITE AID CORP

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

	2014			2013

Deferred tax assets:
Accounts receivable	$	62,973		$	62,745
Accrued expenses		204,346			214,110
Liability for lease exit costs		116,803			142,456
Pension, retirement and other benefits		174,917			219,515
Long-lived assets		424,290			374,101
Other		1,989			2,079
Credits		60,951			62,121
Net operating losses		1,428,751			1,558,694


Total gross deferred tax assets		2,475,020			2,635,821
Valuation allowance		(2,060,811	)		(2,223,675	)


Total deferred tax assets		414,209			412,146
Deferred tax liabilities:
Inventory		414,209			412,146


Total gross deferred tax liabilities		414,209			412,146


Net deferred tax assets	$	—		$	—

#	78
Entity Registrant Name	SAFEWAY INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Significant components of the Company’s net deferred tax liability at year end are as follows (in millions):



	2013			2012
Deferred tax assets:
Pension liability	$	279.8		$	293.3
Workers’ compensation and other claims	152.0			189.7
Employee benefits	155.7			202.8
Accrued claims and other liabilities	92.4			95.3
Reserves not currently deductible	63.8			37.4
Federal deduction of state taxes	51.2			7.7
Foreign tax credit carryforwards	—			37.9
State tax credit carryforwards	21.3			27.7
Operating loss carryforwards	8.8			1.9
Other assets	9.5			3.1
	834.5			896.8
Valuation Allowance	—			(27.1		)
	$	834.5		$	869.7

	2013			2012
Deferred tax liabilities:
Property	$	(430.0	)	$	(662.4	)
Inventory	(273.3		)	(314.5		)
Investment in Blackhawk	(17.9		)	—
Investments in foreign operations	(6.5		)	(19.4		)
	(727.7		)	(996.3		)
Net deferred tax asset (liability)	$	106.8		$	(126.6	)

Deferred tax assets and liabilities are reported in the balance sheet as follows (in millions):



	2013		2012
Current deferred tax assets ⁽¹⁾	$	51.8	$	1.1
Noncurrent deferred tax assets ⁽²⁾	55.0		81.2
Current deferred tax liability	—		(30.4		)
Noncurrent deferred tax liability	—		(178.5		)
Net deferred tax asset (liability)	$	106.8	$	(126.6	)

⁽¹⁾ Included in Prepaid Expenses and Other Current Assets.

⁽²⁾ Included in Other Assets.

#	79
Entity Registrant Name	SEARS HOLDINGS CORP

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock



millions	February 1, 2014			February 2, 2013
Deferred tax assets and liabilities:
Deferred tax assets:
Federal benefit for state and foreign taxes	$	147		$	151
Accruals and other liabilities	144			179
Capital leases	96			114
NOL carryforwards	1,187			722
Postretirement benefit plans	74			78
Pension	961			1,208
Deferred revenue	171			202
Credit carryforwards	721			605
Other	149			163
Total deferred tax assets	3,650			3,422
Valuation allowance	(3,366		)	(2,743		)
Net deferred tax assets	284			679

Deferred tax liabilities:
Trade names/Intangibles	1,059			1,071
Property and equipment	—			156
Inventory	421			453
Other	126			117
Total deferred tax liabilities	1,606			1,797
Net deferred tax liability	$	(1,322	)	$	(1,118	)

#	80
Entity Registrant Name	SUPERVALU INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The Company’s deferred tax assets and liabilities consisted of the following:


	2014			2013
Deferred tax assets:
Compensation and benefits	$	224		$	367
Self-insurance		24			20
Property, plant and equipment and capitalized lease assets		132			110
Loss on sale of discontinued operations		1,339			1,341
Net operating loss carryforwards		23			22
Other		80			104

Gross deferred tax assets		1,822			1,964
Valuation allowance		(1,356	)		(1,358	)

Total deferred tax assets		466			606

Deferred tax liabilities:
Property, plant and equipment and capitalized lease assets		(147	)		(204	)
Inventories		(40	)		(28	)
Intangible assets		(25	)		(21	)
Other		(16	)		(19	)

Total deferred tax liabilities		(228	)		(272	)

Net deferred tax asset	$	238		$	334

#	81
Entity Registrant Name	SYSCO CORP

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock



	June 28, 2014		June 29, 2013
	(In thousands)
Deferred tax liabilities:
Excess tax depreciation and basis differences of assets	$	416,417	$	455,752
Goodwill and intangible assets		211,434		208,229
Other		15,171		18,127
Total deferred tax liabilities		643,022		682,108
Deferred tax assets:
Net operating tax loss carryforwards		20,123		19,149
Benefit on unrecognized tax benefits		22,170		23,833
Pension		287,046		224,990
Share-based compensation		41,262		39,316
Deferred compensation		33,280		34,951
Self-insured liabilities		65,002		47,538
Receivables		47,688		48,236
Inventory		62,799		63,509
Cash flow hedge		56,826		5,815
Other		26,471		44,760
Total deferred tax assets		662,667		552,097
Total net deferred tax (assets) liabilities	$	(19,645)	$	130,011

#	82
Entity Registrant Name	TARGET CORP

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock



Net Deferred Tax Asset/(Liability) (millions)	February 1, 2014			February 2, 2013
Gross deferred tax assets:
Accrued and deferred compensation	$	509		$	537
Foreign operating loss carryforward	394			189
Accruals and reserves not currently deductible	348			352
Self-insured benefits	231			249
Other	193			123
Allowance for doubtful accounts and lower of cost or fair value adjustment on credit card receivables held for sale	—			67
Total gross deferred tax assets	1,675			1,517
Gross deferred tax liabilities:
Property and equipment	(2,062		)	(1,995		)
Inventory	(270		)	(210		)
Other	(130		)	(133		)
Deferred credit card income	—			(91		)
Total gross deferred tax liabilities	(2,462		)	(2,429		)
Total net deferred tax asset/(liability)	$	(787	)	$	(912	)

#	83
Entity Registrant Name	TECH DATA CORP

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The significant components of the Company’s deferred tax liabilities and assets are as follows:



	January 31,
	2014			2013
	(In thousands)
Deferred tax liabilities:
Depreciation and amortization	$	70,800		$	81,679
Capitalized marketing program costs	4,722			3,456
Goodwill	6,108			4,004
Deferred costs currently deductible	6,094			4,870
Other, net	7,491			5,074
Total deferred tax liabilities	95,215			99,083
Deferred tax assets:
Accrued liabilities	50,665			50,039
Loss carryforwards	125,914			124,536
Amortizable goodwill	11,915			15,253
Depreciation and amortization	7,699			6,706
Disallowed interest expense	38,481			28,069
Other, net	10,149			12,908
	244,823			237,511
Less: valuation allowances	(101,340		)	(142,375		)
Total deferred tax assets	143,483			95,136
Net deferred tax asset (liability)	$	48,268		$	(3,947	)

#	84
Entity Registrant Name	TEXAS INSTRUMENTS INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The deferred income tax assets and liabilities based on tax jurisdictions are presented on the Consolidated balance sheets as follows:



	December 31,
	2013			2012
Current deferred income tax assets	$	393		$	473
Noncurrent deferred income tax assets	207			280
Current deferred income tax liabilities	(1		)	(2		)
Noncurrent deferred income tax liabilities	(548		)	(572		)
Net deferred income tax asset	$	51		$	179

#	85
Entity Registrant Name	TIME WARNER CABLE INC.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Significant components of TWC's deferred income tax liabilities, net, as of December 31, 2013 and 2012 consisted of the following (in millions):

		December 31,
		2013		2012
Cable franchise rights and customer relationships, net^(a)		$	(7,979)	$	(7,675)
Property, plant and equipment			(4,157)		(4,081)
Other			(328)		(17)
	Deferred income tax liabilities		(12,464)		(11,773)
Net operating loss carryforwards^(b)			202		322
Tax credit carryforwards^(b)			32		36
Other			494		470
Valuation allowances^(c)			(28)		(18)
	Deferred income tax assets		700		810
	Deferred income tax liabilities, net^(d)	$	(11,764)	$	(10,963)

——————————

Cable franchise rights and customer relationships, net, includes deferred income tax assets of approximately $170 million as of December 31, 2012 (none as of December 31, 2013) that relate to intangible assets for which the tax basis exceeds the book basis primarily as a result of the impairment recorded in 2008. Such deferred income tax assets are expected to be realized as the Company receives tax deductions from the amortization, for tax purposes, of the intangible assets.
Net operating loss and tax credit carryforwards expire in varying amounts through 2033. Aside from certain state tax credit carryforwards for which a valuation allowance has been established, the Company does not expect these carryforwards to expire unutilized.
The Company's valuation allowance for deferred income tax assets recorded as of December 31, 2013 and 2012, primarily relates to certain state tax credit carryforwards. The valuation allowance is based upon the Company's assessment that it is more likely than not that a portion of the deferred income tax asset will not be realized. The net increase in the valuation allowance of $10 million during 2013 primarily relates to state tax credit carryforwards.
Deferred income tax liabilities, net, includes current deferred income tax assets of $334 million and $317 million as of December 31, 2013 and 2012, respectively.

#	86
Entity Registrant Name	TIME WARNER INC.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Significant components of Time Warner's net deferred tax liabilities are as follows (millions):

	December 31,
	2013		2012
Deferred tax assets:
Tax attribute carryforwards^(a)	$	1,074	$	835
Receivable allowances and return reserves		239		244
Royalties, participations and residuals		453		474
Investments		181		170
Equity-based compensation		243		280
Amortization and depreciation		-		373
Other		750		1,087
Valuation allowances^(a)		(564)		(560)
Total deferred tax assets	$	2,376	$	2,903

Deferred tax liabilities:
Amortization and depreciation	$	45	$	-
Assets acquired in business combinations		3,350		3,521
Unbilled television receivables		941		915
Unremitted earnings of foreign subsidiaries		235		120
Total deferred tax liabilities		4,571		4,556
Net deferred tax liability	$	2,195	$	1,653
_____________

(a) The Company has recorded valuation allowances for certain tax attribute carryforwards and other deferred tax assets due to uncertainty that exists regarding future realizability. The tax attribute carryforwards consist of $610 million of tax credits, $186 million of capital losses and $278 million of net operating losses that expire in varying amounts from 2014 through 2033. If, in the future, the Company believes that it is more likely than not that these deferred tax benefits will be realized, the majority of the valuation allowances will be recognized in the Consolidated Statement of Operations.

#	87
Entity Registrant Name	TRAVELERS COMPANIES, INC.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

(at December 31, in millions)	2013		2012

Deferred tax assets
Claims and claim adjustment expense reserves	$	825	$	888
Unearned premium reserves		693		689
Other		621		741

Total gross deferred tax assets		2,139		2,318

Deferred tax liabilities
Deferred acquisition costs		554		590
Investments		931		1,800
Internally developed software		138		134
Other		213		132

Total gross deferred tax liabilities		1,836		2,656

Total deferred tax asset (liability)	$	303	$	(338	)

#	88
Entity Registrant Name	TWENTY-FIRST CENTURY FOX, INC.

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The following is a summary of the components of the deferred tax accounts:

	As of June 30,
	2014			2013
	(in millions)
Deferred tax assets:
Net operating loss carryforwards	$	284		$	1,109
Capital loss carryforwards		1,360			1,676
Foreign tax credit carryforwards		561			474
Accrued liabilities		733			653
Other		293			231
Total deferred tax assets		3,231			4,143
Deferred tax liabilities:
Basis difference and amortization		(2,898	)		(2,449	)
Revenue recognition		(528	)		(505	)
Sports rights contracts		(135	)		(128	)
Total deferred tax liabilities		(3,561	)		(3,082	)
Net deferred tax (liability) asset before valuation allowance		(330	)		1,061
Less: valuation allowance		(2,338	)		(3,284	)
Total net deferred tax liabilities	$	(2,668	)	$	(2,223	)

#	89
Entity Registrant Name	TYSON FOODS INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The tax effects of major items recorded as deferred tax assets and liabilities as of September 27, 2014, and September 28, 2013, are as follows:



									in millions
	2014					2013
	Deferred Tax					Deferred Tax
	Assets			Liabilities		Assets			Liabilities
Property, plant and equipment	$	—		$	732	$	—		$	525
Suspended taxes from conversion to accrual method	—			66		—			71
Intangible assets	—			2,031		—			29
Inventory	24			121		8			110
Accrued expenses	474			—		209			—
Net operating loss and other carryforwards	96			—		77			—
Insurance reserves	21			—		22			—
Other	80			82		60			98
	$	695		$	3,032	$	376		$	833
Valuation allowance	$	(51	)			$	(77	)
Net deferred tax liability				$	2,388				$	534

#	90
Entity Registrant Name	UNITED PARCEL SERVICE INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Deferred tax liabilities and assets are comprised of the following at December 31 (in millions):



	2013			2012
Property, plant and equipment	$	(3,613	)	$	(3,624	)
Goodwill and intangible assets	(1,116		)	(1,035		)
Other	(651		)	(617		)
Deferred tax liabilities	(5,380		)	(5,276		)
Pension and postretirement benefits	3,086			4,608
Loss and credit carryforwards (non-U.S. and state)	279			258
Insurance reserves	765			737
Vacation pay accrual	224			209
Stock compensation	70			159
Other	709			708
Deferred tax assets	5,133			6,679
Deferred tax assets valuation allowance	(251		)	(220		)
Deferred tax asset (net of valuation allowance)	4,882			6,459
Net deferred tax asset (liability)	$	(498	)	$	1,183

Amounts recognized in the consolidated balance sheets:
Current deferred tax assets	$	684		$	583
Current deferred tax liabilities (included in other current liabilities)	(48		)	(36		)
Non-current deferred tax assets	110			684
Non-current deferred tax liabilities	(1,244		)	(48		)
Net deferred tax asset (liability)	$	(498	)	$	1,183

#	91
Entity Registrant Name	UNITED TECHNOLOGIES CORP /DE/

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock



(dollars in millions)	2013			2012
Future income tax benefits:
Insurance and employee benefits	$	747		$	1,168
Other asset basis differences	365			119
Other liability basis differences	1,187			1,052
Tax loss carryforwards	386			382
Tax credit carryforwards	1,184			1,107
Valuation allowances	(669		)	(618		)
	$	3,200		$	3,210
Future income taxes payable:
Insurance and employee benefits	$	(992	)	$	(2,238	)
Other asset basis differences	4,649			4,440
Other items, net	(178		)	(195		)
Tax loss carryforwards	(346		)	(409		)
Tax credit carryforwards	(68		)	(80		)
Valuation allowances	273			286
	$	3,338		$	1,804

#	92
Entity Registrant Name	UNITEDHEALTH GROUP INC

us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

The components of deferred income tax assets and liabilities as of December 31 are as follows:



(in millions)	2013			2012
Deferred income tax assets:
Accrued expenses and allowances	$	284		$	306
U.S. federal and state net operating loss carryforwards	257			276
Share-based compensation	200			238
Long-term liabilities	170			160
Medical costs payable and other policy liabilities	155			149
Non-U.S. tax loss carryforwards	110			126
Unearned revenues	65			64
Unrecognized tax benefits	38			25
Other-domestic	57			93
Other-non-U.S.	89			142
Subtotal	1,425			1,579
Less: valuation allowances	(207		)	(271		)
Total deferred income tax assets	1,218			1,308
Deferred income tax liabilities:
U.S. federal and state intangible assets	(1,207		)	(1,335		)
Non-U.S. goodwill and intangible assets	(453		)	(640		)
Capitalized software	(481		)	(482		)
Net unrealized gains on investments	(31		)	(296		)
Depreciation and amortization	(268		)	(249		)
Prepaid expenses	(137		)	(113		)
Other-non-U.S.	(7		)	(179		)
Total deferred income tax liabilities	(2,584		)	(3,294		)
Net deferred income tax liabilities	$	(1,366	)	$	(1,986	)

#	93
Entity Registrant Name	VALERO ENERGY CORP/TX

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The tax effects of significant temporary differences representing deferred income tax assets and liabilities were as follows (in millions):



	December 31,
	2013			2012
Deferred income tax assets:
Tax credit carryforwards	$	48		$	61
Net operating losses (NOLs)	338			247
Inventories	264			258
Property, plant, and equipment	8			78
Compensation and employee benefit liabilities	178			383
Environmental liabilities	92			83
Other	187			157
Total deferred income tax assets	1,115			1,267
Less: Valuation allowance	(347		)	(304		)
Net deferred income tax assets	768			963

Deferred income tax liabilities:
Property, plant, and equipment	6,536			6,143
Deferred turnaround costs	331			300
Inventories	310			381
Investments, primarily in VLP and DGD	94			—
Other	81			103
Total deferred income tax liabilities	7,352			6,927
Net deferred income tax liabilities	$	6,584		$	5,964

#	94
Entity Registrant Name	VERIZON COMMUNICATIONS INC

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Significant components of deferred tax assets and liabilities are as follows:


	(dollars in millions)
At December 31,	2013			2012
Employee benefits	$	10,242		$	13,644
Tax loss and credit carry forwards		2,747			4,819
Uncollectible accounts receivable		213			206
Other - assets		959			1,050

		14,161			19,719
Valuation allowances		(1,596	)		(2,041	)

Deferred tax assets		12,565			17,678


Former MCI intercompany accounts receivable basis difference		1,121			1,275
Depreciation		14,030			13,953
Leasing activity		997			1,208
Wireless joint venture including wireless licenses		23,032			22,171
Other - liabilities		1,470			1,320

Deferred tax liabilities		40,650			39,927

Net deferred tax liability	$	28,085		$	22,249

#	95
Entity Registrant Name	WAL MART STORES INC

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The significant components of the Company's deferred tax account balances are as follows:



	January 31,
(Amounts in millions)	2014			2013
Deferred tax assets:
Loss and tax credit carryforwards	$	3,566		$	3,525
Accrued liabilities	2,986			2,683
Share-based compensation	126			204
Other	1,573			1,500
Total deferred tax assets	8,251			7,912
Valuation allowances	(1,801		)	(2,225		)
Deferred tax assets, net of valuation allowance	6,450			5,687
Deferred tax liabilities:
Property and equipment	6,295			5,830
Inventories	1,641			1,912
Other	1,827			1,157
Total deferred tax liabilities	9,763			8,899
Net deferred tax liabilities	$	3,313		$	3,212

#	96
Entity Registrant Name	WALGREEN CO

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The deferred tax assets and liabilities included in the Consolidated Balance Sheets consist of the following (in millions):

	2014		2013
Deferred tax assets -
Postretirement benefits	$	247	$	218
Compensation and benefits		166		136
Insurance		98		121
Accrued rent		166		157
Tax benefits		430		159
Stock compensation		131		159
Other		140		96
Subtotal		1,378		1,046
Less: Valuation allowance		223		19
Total deferred tax assets		1,155		1,027
Deferred tax liabilities -
Accelerated depreciation		1,244		1,369
Inventory		407		396
Intangible assets		64		53
Equity method investment		355		21
Other		208		4
Subtotal		2,278		1,843
Net deferred tax liabilities	$	1,123	$	816

#	97
Entity Registrant Name	WALT DISNEY CO/

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	September 27, 2014			September 28, 2013
Components of Deferred Tax Assets and Liabilities
Deferred tax assets
Accrued liabilities	$	(2,281	)	$	(2,019	)
Foreign subsidiaries	(755		)	(795		)
Noncontrolling interest net operating losses	(657		)	(632		)
Other	(535		)	(482		)
Total deferred tax assets	(4,228		)	(3,928		)
Deferred tax liabilities
Depreciable, amortizable and other property	6,183			5,987
Licensing revenues	351			325
Other	223			139
Total deferred tax liabilities	6,757			6,451
Net deferred tax liability before valuation allowance	2,529			2,523
Valuation allowance	1,045			1,042
Net deferred tax liability	$	3,574		$	3,565

#	98
Entity Registrant Name	WellPoint, Inc.

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The components of deferred income taxes at December 31 are as follows:



	2013			2012
Deferred tax assets relating to:
Retirement benefits	$	287.8		$	405.3
Accrued expenses	342.8			431.2
Insurance reserves	213.1			221.2
Net operating loss carryforwards	17.2			19.2
Bad debt reserves	124.8			108.2
State income tax	32.9			79.3
Deferred compensation	52.0			55.7
Investment basis difference	166.3			138.2
Other	84.0			47.0
Total deferred tax assets	1,320.9			1,505.3
Valuation allowance	(24.1		)	(18.1		)
Total deferred tax assets, net of valuation allowance	1,296.8			1,487.2
Deferred tax liabilities relating to:
Unrealized gains on securities	266.5			431.0
Acquisition related:
Trademarks and other non-amortizable intangible assets	2,200.5			2,200.5
Subscriber base, provider and hospital networks	370.9			447.7
Internally developed software and other amortization differences	703.9			599.3
Retirement benefits	231.5			214.1
Debt discount	186.9			189.7
State deferred tax	55.3			165.9
Depreciation and amortization	33.1			73.9
Other	190.4			151.6
Total deferred tax liabilities	4,239.0			4,473.7
Net deferred tax liability	$	(2,942.2	)	$	(2,986.5	)
Deferred tax asset-current	$	383.0		$	236.4
Deferred tax liability-noncurrent	(3,325.2		)	(3,222.9		)
Net deferred tax liability	$	(2,942.2	)	$	(2,986.5	)

#	99
Entity Registrant Name	WELLS FARGO & COMPANY/MN

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					December 31,
(in millions)						2013	2012
Deferred tax assets
	Allowance for loan losses				$	5,227	6,192
	Deferred compensation
		and employee benefits				4,283	4,701
	Accrued expenses					1,247	1,692
	PCI loans					2,150	2,692
	Basis difference in investments					1,084	1,182
	Net operating loss and tax
		credit carry forwards				773	1,058
	Other					1,720	1,868
			Total deferred tax assets			16,484	19,385
Deferred tax assets valuation allowance						(457)	(579)

Deferred tax liabilities
	Mortgage servicing rights					(6,657)	(7,360)
	Leasing					(4,274)	(4,414)
	Mark to market, net					(5,761)	(2,401)
	Intangible assets					(1,885)	(2,157)
	Net unrealized gains on
		investment securities				(1,155)	(4,135)
	Insurance reserves					(2,068)	(1,707)
	Other					(1,733)	(1,683)
			Total deferred tax liabilities			(23,533)	(23,857)
				Net deferred tax liability (1)	$	(7,506)	(5,051)

(1)	Included in accrued expenses and other liabilities.