Rendering
Component: (Network and Table) |
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Network | 2315301 - Disclosure - Income Taxes (Tables) (http://www.ca.com/role/IncomeTaxesTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0000356028 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
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2015-04-01 - 2016-03-31 |
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Income Tax Disclosure [Abstract] | |
Income from continuing operations before income taxes attributable to domestic and foreign operations | The amounts of income from continuing operations before income taxes attributable to domestic and foreign operations were as follows: | | | | | | | | | | | | | | Year Ended March 31, | (in millions) | 2016 | | 2015 | | 2014 | Domestic | $ | 729 |
| | $ | 737 |
| | $ | 683 |
| Foreign | 355 |
| | 378 |
| | 333 |
| Income from continuing operations before income taxes | $ | 1,084 |
| | $ | 1,115 |
| | $ | 1,016 |
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Income tax expense (benefit) from continuing operations | Income tax expense (benefit) from continuing operations consisted of the following: | | | | | | | | | | | | | | Year Ended March 31, | (in millions) | 2016 | | 2015 | | 2014 | Current: | | | | | | Federal | $ | 285 |
| | $ | 284 |
| | $ | 184 |
| State | 50 |
| | 37 |
| | 33 |
| Foreign | 95 |
| | 56 |
| | (19 | ) | Total current | $ | 430 |
| | $ | 377 |
| | $ | 198 |
| Deferred: | | | | | | Federal | $ | (86 | ) | | $ | (74 | ) | | $ | (82 | ) | State | (20 | ) | | (12 | ) | | (12 | ) | Foreign | (9 | ) | | 14 |
| | 25 |
| Total deferred | $ | (115 | ) | | $ | (72 | ) | | $ | (69 | ) | Total: | | | | | | Federal | $ | 199 |
| | $ | 210 |
| | $ | 102 |
| State | 30 |
| | 25 |
| | 21 |
| Foreign | 86 |
| | 70 |
| | 6 |
| Total income tax expense from continuing operations | $ | 315 |
| | $ | 305 |
| | $ | 129 |
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Schedule of effective income tax rate reconciliation | The income tax expense from continuing operations was reconciled to the tax expense computed at the U.S. federal statutory tax rate as follows: | | | | | | | | | | | | | | Year Ended March 31, | (in millions) | 2016 | | 2015 | | 2014 | Tax expense at U.S. federal statutory tax rate | $ | 379 |
| | $ | 390 |
| | $ | 356 |
| Effect of international operations | (77 | ) | | (91 | ) | | (147 | ) | U.S. federal and state tax contingencies | 8 |
| | 1 |
| | (123 | ) | Domestic manufacturing deduction | (27 | ) | | (23 | ) | | (24 | ) | State taxes, net of U.S. federal tax benefit | 16 |
| | 15 |
| | 19 |
| Valuation allowance | 3 |
| | 8 |
| | 23 |
| Other, net | 13 |
| | 5 |
| | 25 |
| Income tax expense from continuing operations | $ | 315 |
| | $ | 305 |
| | $ | 129 |
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Schedule of deferred tax assets and liabilities | The tax effects of the temporary differences from continuing operations were as follows: | | | | | | | | | | At March 31, | (in millions) | 2016 | | 2015 | Deferred tax assets: | | | | Modified accrual basis accounting for revenue | $ | 391 |
| | $ | 349 |
| Share-based compensation | 36 |
| | 31 |
| Accrued expenses | 42 |
| | 36 |
| Net operating losses | 135 |
| | 96 |
| Intangible assets amortizable for tax purposes | 2 |
| | 3 |
| Deductible state tax and interest benefits | 17 |
| | 20 |
| Other | 73 |
| | 69 |
| Total deferred tax assets | $ | 696 |
| | $ | 604 |
| Valuation allowances | (96 | ) | | (85 | ) | Total deferred tax assets, net of valuation allowance | $ | 600 |
| | $ | 519 |
| Deferred tax liabilities: | | | | Purchased software | $ | 100 |
| | $ | 48 |
| Depreciation | 4 |
| | 3 |
| Other intangible assets | 39 |
| | 17 |
| Internally developed software | 53 |
| | 93 |
| Total deferred tax liabilities | $ | 196 |
| | $ | 161 |
| Net deferred tax asset | $ | 404 |
| | $ | 358 |
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Roll-forward of uncertain tax positions | A roll-forward of the Company’s uncertain tax positions for all U.S. federal, state and foreign tax jurisdictions was as follows: | | | | | | | | | | At March 31, | (in millions) | 2016 | | 2015 | Balance at beginning of year | $ | 134 |
| | $ | 170 |
| Additions for tax positions related to the current year | 22 |
| | 16 |
| Additions for tax positions from prior years | 20 |
| | 23 |
| Reductions for tax positions from prior years | (14 | ) | | (43 | ) | Settlement payments | (16 | ) | | (5 | ) | Statute of limitations expiration | (5 | ) | | (13 | ) | Translation and other | 2 |
| | (14 | ) | Balance at end of year | $ | 143 |
| | $ | 134 |
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