|
(for the year ended December 31, in millions) |
2013 | 2012 | 2011 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Composition of income tax expense (benefit) included in the consolidated statement of income |
||||||||||
|
Current expense (benefit): |
||||||||||
|
Federal |
$ | 1,059 | $ | 406 | $ | (176 | ) | |||
|
Foreign |
30 | 45 | 34 | |||||||
|
State |
6 | 3 | 3 | |||||||
|
Total current tax expense (benefit) |
1,095 | 454 | (139 | ) | ||||||
|
Deferred expense: |
||||||||||
|
Federal |
167 | 223 | 63 | |||||||
|
Foreign |
10 | 16 | 2 | |||||||
|
Total deferred tax expense |
177 | 239 | 65 | |||||||
|
Total income tax expense (benefit) included in the consolidated statement of income |
1,272 | 693 | (74 | ) | ||||||
|
Composition of income tax included in shareholders' equity |
||||||||||
|
Expense (benefit) relating to stock-based compensation, and the expense (benefit) related to the changes in unrealized gain on investments, unrealized loss on foreign exchange and other comprehensive income |
(822 | ) | 57 | 399 | ||||||
|
Total income tax expense included in the consolidated financial statements |
$ | 450 | $ | 750 | $ | 325 | ||||