jvid视频. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

听

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Income tax benefit (expense) differs from the amounts computed by applying the U.S. federal income tax rate of 35% as a result of the following:



听	Years ended December 31,
听	2011			听	2010		听	2009
听	amounts in millions
Computed expected tax benefit (expense)	$	(329	)	听	(339	)	听	29
Nontaxable exchange of investments for subsidiary	鈥�			听	112		听	鈥�
State and local income taxes, net of federal income taxes	(22		)	听	18		听	(7	)
Foreign taxes, net of foreign tax credits	(3		)	听	48		听	(4	)
Change in valuation allowance affecting tax expense	(15		)	听	鈥�		听	鈥�
Nontaxable gains (losses) related to the Company's common stock	8			听	27		听	20
Other, net	9			听	6		听	7
Income tax benefit (expense)	$	(352	)	听	(128	)	听	45

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The tax effects of temporary differences that give rise to significant portions of the deferred income tax assets and deferred income tax liabilities are presented below:



听	December 31,
听	2011			听	2010
听	amounts in millions
Deferred tax assets:	听			听	听
Net operating and capital loss carryforwards	$	70		听	40
Accrued stock compensation	44			听	33
Other accrued liabilities	69			听	154
Deferred revenue	5			听	9
Other future deductible amounts	144			听	92
Deferred tax assets	332			听	328
Valuation allowance	(16		)	听	(1	)
Net deferred tax assets	316			听	327
听	听			听	听
Deferred tax liabilities:	听			听	听
Investments	190			听	115
Intangible assets	1,661			听	1,718
Discount on exchangeable debentures	978			听	947
Deferred gain on debt retirements	321			听	313
Other	63			听	95
Deferred tax liabilities	3,213			听	3,188
Net deferred tax liabilities	$	2,897		听	2,861

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



听	December 31,
听	2011		听	2010
听	amounts in millions
Current deferred tax liabilities	$	851	听	152
Long-term deferred tax liabilities	2,046		听	2,709
Net deferred tax liabilities	$	2,897	听	2,861

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of unrecognized tax benefits is as follows:



听	Years ended December 31,
听	2011			听	2010
听	amounts in millions
Balance at beginning of year	$	123		听	160
Additions based on tax positions related to the current year	13			听	11
Additions for tax positions of prior years	3			听	3
Reductions for tax positions of prior years	(5		)	听	(23	)
Lapse of statute and settlements	(11		)	听	(28	)
Balance at end of year	$	123		听	123

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income tax benefit (expense) consists of:



听	Years ended December 31,
听	2011			听	2010		听	2009
听	amounts in millions
Current:	听			听	听		听	听
Federal	$	(156	)	听	(85	)	听	(119	)
State and local	(32		)	听	6		听	(49	)
Foreign	(120		)	听	(111	)	听	(85	)
听	$	(308	)	听	(190	)	听	(253	)
Deferred:	听			听	听		听	听
Federal	$	(42	)	听	27		听	249
State and local	(6		)	听	21		听	46
Foreign	4			听	14		听	3
听	(44		)	听	62		听	298
Income tax benefit (expense)	$	(352	)	听	(128	)	听	45

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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