tax notes international - Tuck School of Business - Dartmouth College

HIGHLIGHTS
Reported Accumulated Foreign Profits and Jobs Act Repatriations of 40 U.S. Multinational Corporations,
1996-2008 (millions of dollars)
Jobs Act
Repatria-
Company Company Fiscal Year
tion
Amount
2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
1,200 General Electric - 62,000 47,000 36,000 29,000 21,000 15,000 * * * * * *
37,000 Pfizer - 60,000 41,000 27,000 51,600 38,000 29,000 18,000 14,000 8,200 6,500 4,500 3,900
- Exxon Mobil - 56,000 47,000 41,000 25,000 22,000 17,000 17,000 14,000 11,100 8,400 6,600 6,200
- American
International
Group
- 21,200 17,600 13,800 7,000 6,500 5,100 4,500 3,500 3,100 3,300 2,900 3,100
3,200 Citigroup - 21,100 14,700 10,600 10,000 5,800 3,200 2,000 1,500 1,300 1,300 1,300 *
- ChevronTexaco - 20,557 21,035 14,317 10,000 10,541 10,108 9,003 8,544 8,002 7,958 7,900 7,420
9,500 IBM - 18,800 14,200 10,100 19,644 18,120 16,631 16,851 15,472 14,900 13,165 12,511 12,111
15,900 Merck - 17,200 12,500 8,300 20,100 18,000 15,000 12,400 9,700 7,500 5,800 6,600 5,400
7,200 Procter &
Gamble
21,000 17,000 16,000 10,300 16,750 14,021 10,698 9,231 8,828 7,764 6,739 6,108 5,078
1,200 Cisco Systems 21,900 16,300 11,100 6,800 4,300 2,500 1,200 707 411 133 * * *
7,500 PepsiCo - 14,700 10,800 7,500 11,900 8,800 7,500 * * * * * 4,000
9,000 Bristol-Myers-
Squibb
- 14,100 11,300 8,400 16,900 12,600 9,000 8,800 6,000 4,400 3,200 2,600 2,506
1,800 Merrill Lynch - 13,000 9,800 7,700 8,100 5,900 4,300 4,800 3,700 3,300 2,230 1,645 1,206
4,300 Abbott
Laboratories
- 12,330 7,320 5,800 7,900 5,194 4,304 4,681 2,432 1,980 1,818 1,549 1,312
2,700 Wyeth - 12,060 9,420 7,480 8,790 6,435 6,000 * * * * * *
6,100 Coca-Cola - 11,900 7,700 5,100 9,800 8,200 6,100 5,900 3,700 3,400 3,600 1,917 542
5,500 Altria Group - 11,000 11,000 9,300 11,800 8,600 7,100 5,600 4,700 5,800 3,400 3,000 4,200
9,100 DuPont - 9,644 7,866 7,031 13,865 13,464 10,320 9,106 8,865 6,666 5,996 7,007 5,928
8,000 Eli Lilly - 8,790 5,700 4,100 2,800 9,500 8,000 6,400 5,200 2,610 1,010 115 1,833
- Alcoa - 8,753 8,470 7,562 7,248 6,154 5,893 4,399 3,861 1,838 1,528 1,389 1,115
- Walmart Stores 10,700 8,700 6,800 5,300 4,000 2,141 1,000 722 * * * * *
4,100 Dell 10,800 7,900 5,700 2,900 5,100 4,100 711 492 541 263 127 97 70
14,500 Hewlett-Packard 12,900 7,700 3,100 1,200 15,000 14,400 14,500 13,200 11,500 9,000 7,100 5,200 3,800
- Xerox - 7,500 7,000 3,900 6,000 5,000 5,000 3,400 5,000 4,900 4,700 4,500 3,900
6,200 Intel - 6,300 4,900 3,700 7,900 7,000 6,300 5,500 4,200 2,200 2,200 1,505 992
780 Microsoft 7,500 6,100 n.a. 4,100 2,300 1,640 780 * * * * * *
9,400 Schering-Plough - 5,800 4,200 3,100 2,200 11,100 9,400 7,600 6,400 5,020 3,475 2,850 2,119
4,000 Morgan Stanley - 5,800 4,400 3,900 5,800 4,900 4,000 4,700 4,300 3,100 2,600 2,200 *
- Goldman Sachs
Group
- 4,970 2,900 2,400 1,650 1,100 209 * * * * * *
- American
Express
- 4,900 3,900 3,200 2,700 2,900 2,400 2,100 1,900 1,600 1,200 873 677
- Conoco Phillips - 4,381 3,597 2,773 2,091 2,046 2,171 1,687 1,661 Merger
2,700 Honeywell
International
- 4,100 2,900 2,100 3,900 3,300 2,200 2,000 2,100 1,600 552 355 326
4,600 Motorola - 4,100 4,000 2,800 5,600 6,100 7,600 7,100 7,900 * * * *
2,100 International
Paper
- 3,700 2,700 2,400 2,700 3,300 2,500 1,800 1,800 1,200 1,100 555 361
1,900 J.P. Morgan
Chase Co.
- 3,400 1,900 1,500 2,600 2,300 1,900 1,667 1,404 1,054 764 *
755 Apple 3,800 2,400 823 1,200 972 822 755 755 755 520 437 395 395
1,290 Texas
Instruments
- 1,620 1,290 1,010 2,034 1,604 1,293 * * * 620 870 760
- Viacom - 939 457 351 155 2,000 1,900 1,600 1,600 1,400 1,500 1,500 1,300
2,200 Verizon - 900 3,000 3,000 5,100 3,400 4,500 4,000 3,600 Merger
1,100 Weyerhaeuser - 357 828 1,300 1,700 1,300 1,100 972 1,259 993 789 827 792
Note: * indicates information not available.
Source: Company annual reports.
TAX NOTES INTERNATIONAL FEBRUARY 2, 2009 • 379
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