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1
In 2007, we adopted new accounting guidance that clarified the accounting for uncertainty in income taxes recognized in an
enterprise’s financial statements. This guidance prescribes a recognition threshold and measurement attribute for the financial
statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance
on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
2
The American Jobs Creation Act of 2004 was enacted in October 2004. Among other things, the Jobs Creation Act included a
temporary incentive for U.S. multinationals to repatriate foreign earnings at an approximate 5.25 percent effective tax rate. During
2005, the Company repatriated approximately $6.1 billion in previously unremitted foreign earnings, with an associated tax liability
of approximately $315 million.
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