Merck & Co. Inc. | 2013 | FY | 3


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


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