含羞草传媒. Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

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听	听	听	听	听	听	听	听	听
听	听	Years听ended听December听31,						听
听	听听听听	2014		听听听听	2013	听听听听	2012	听
听	听	amounts听in听millions						听
Computed expected tax benefit (expense)	听	$	(293)	听	(258)	听	(309)	听
State and local income taxes, net of federal income taxes	听	听	(7)	听	(15)	听	听鈥�	听
Foreign taxes, net of foreign tax credits	听	听	(2)	听	(7)	听	5听	听
Sale of consolidated subsidiary	听	听	14听	听	听鈥�	听	听鈥�	听
Impairment of intangible assets not deductible for tax purposes	听	听	(3)	听	(2)	听	(16)	听
Dividends received deductions	听	听	10听	听	9听	听	13听	听
Alternative energy tax credits	听	听	58听	听	54听	听	48听	听
Change in valuation allowance affecting tax expense	听	听	(2)	听	(27)	听	(8)	听
Impact of change in state rate on deferred taxes	听	听	(28)	听	66听	听	鈥�	听
Other, net	听	听	(5)	听	(3)	听	(11)	听
Income tax benefit (expense)	听	$	(258)	听	(183)	听	(278)	听

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听	听	听	听	听	听	听
听	听	December听31,				听
听	听听听听	2014		听听听听	2013	听
听	听	amounts听in听millions				听
Deferred tax assets:	听	听	听	听	听	听
Net operating and capital loss carryforwards	听	$	90听	听	74听	听
Foreign tax credit carryforwards	听	听	88听	听	129听	听
Accrued stock compensation	听	听	41听	听	27听	听
Other accrued liabilities	听	听	143听	听	85听	听
Other future deductible amounts	听	听	134听	听	119听	听
Deferred tax assets	听	听	496听	听	434听	听
Valuation allowance	听	听	(54)	听	(52)	听
Net deferred tax assets	听	听	442听	听	382听	听
听	听	听	听	听	听	听
Deferred tax liabilities:	听	听	听	听	听	听
Investments	听	听	703听	听	569听	听
Intangible assets	听	听	1,284听	听	1,416听	听
Discount on exchangeable debentures	听	听	1,009听	听	958听	听
Deferred gain on debt retirements	听	听	257听	听	313听	听
Other	听	听	10听	听	52听	听
Deferred tax liabilities	听	听	3,263听	听	3,308听	听
Net deferred tax liabilities	听	$	2,821听	听	2,926听	听

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The Company's deferred tax assets and liabilities are reported in the accompanying consolidated balance sheets as follows:

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听	听	听	听	听	听	听
听	听	December听31,				听
听	听听听听	2014		听听听听	2013	听
听	听	amounts听in听millions				听
Current deferred tax liabilities	听	$	972听	听	925听	听
Long-term deferred tax liabilities	听	听	1,849听	听	2,001听	听
Net deferred tax liabilities	听	$	2,821听	听	2,926听	听

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听	听	听	听	听	听	听
听	听	Years听ended听December听31,				听
听	听听听听	2014		听听听听	2013	听
听	听	amounts听in听millions				听
Balance at beginning of year	听	$	124听	听	122听	听
Additions based on tax positions related to the current year	听	听	16听	听	19听	听
Additions for tax positions of prior years	听	听	20听	听	1听	听
Reductions for tax positions of prior years	听	听	(3)	听	(3)	听
Lapse of statute and settlements	听	听	(21)	听	(15)	听
Balance at end of year	听	$	136听	听	124听	听

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