As of October 31, 2013, HP had recorded deferred tax assets for various tax credit carryforwards as follows:
| |
Carryforward | Valuation Allowance | Initial Year of Expiration |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|
| |
In millions |
|
||||||||
|
U.S. foreign tax credits |
$ | 3,200 | $ | 47 | 2021 | |||||
|
U.S. research and development and other credits |
653 | — | 2018 | |||||||
|
Tax credits in state and foreign jurisdictions |
408 | 239 | 2014 | |||||||
|
Balance at end of year |
$ | 4,261 | $ | 286 | ||||||