harris corporation

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
As a result of these impairment reviews, we determined that the goodwill, amortizable intangible assets and
capitalized software for Broadcast and New Media Solutions were impaired. Accordingly, during the fourth quarter
of fiscal 2009, our Broadcast and New Media Solutions reporting unit recorded a $255.5 million impairment charge,
consisting of charges of $160.9 million, $70.2 million and $24.4 million for impairment of goodwill, amortizable
intangible assets and capitalized software, respectively.
NOTE 23: INCOME TAXES
The provisions for income taxes are summarized as follows:
2011 2010 2009
(In millions)
Current:
United States .............................................. $229.1 $270.5 $227.3
International. .............................................. 4.9 1.0 1.7
State and local ............................................. 30.0 17.4 20.1
Deferred:
264.0 288.9 249.1
United States .............................................. 31.2 (11.5) (58.3)
International. .............................................. (0.1) (2.4) (4.0)
State and local ............................................. (1.5) 3.7 (13.9)
29.6 (10.2) (76.2)
$293.6 $278.7 $172.9
The components of deferred income tax assets (liabilities) were as follows:
2011 2010
Current Non-Current Current Non-Current
(In millions)
Inventory valuations ............................ $ 30.1 $ — $ 23.8 $ —
Accruals ..................................... 142.1 66.0 126.7 68.4
Depreciation .................................. — (50.6) — (28.4)
Domestic tax loss and credit carryforwards. ........... — 38.3 — 27.2
International tax loss and credit carryforwards .........
International research and development expense
— 39.6 — 41.4
deferrals ................................... — 39.8 — 41.5
Acquired intangibles ............................ — (95.8) — (28.8)
Share-based compensation ........................ — 40.0 — 32.5
Unfunded pension liability ........................ — 15.7 — 16.2
Unrecognized tax benefits ........................ — 9.0 — 6.9
All other — net ................................ 1.7 (10.5) (2.3) 8.2
173.9 91.5 148.2 185.1
Valuation allowance. ............................ (2.9) (85.8) (2.9) (77.4)
$171.0 $ 5.7 $145.3 $107.7
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