VERIZON COMMUNICATIONS INC | 2013 | FY | 3


The components of the provision (benefit) for income taxes are as follows:

 

     (dollars in millions)  
Years Ended December 31,    2013     2012     2011  

Current

      

Federal

   $ (197   $     223     $ 193  

Foreign

     (59     (45     25  

State and Local

     201       114       290  
  

 

 

 

Total

     (55     292       508  
  

 

 

 

Deferred

      

Federal

     5,060       (559     270  

Foreign

     8       10       (38

State and Local

     717       (403     (455
  

 

 

 

Total

     5,785       (952     (223
  

 

 

 

Total income tax provision (benefit)

   $   5,730     $ (660   $ 285  
  

 

 

 

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