Sign In Sign Up Ask an AI advisor
nathanphelps2468
nathanphelps2468
26.03.2021 • 
Business

Analyzing and Interpreting Income Tax Disclosures The income tax footnote to the 2018 financial statements for Boeing follows. The components of income before tax were: Years ended December 31 ($ millions) 2018 2017 2016 U.S. $11,166 $9,660 $5,386 Non-U.S. 438 447 397 Total $11,604 $10,107 $5,783 Income tax expense/(benefit) consisted of the following: Years ended December 31 ($ millions) 2018 2017 2016 Current tax expense U.S. federal $1,873 $1,276 $1,193 Non-U.S. $169 $149 $133 U.S. State 97 23 15 Total current $2,139 $1,448 $1,341 Deferred tax expense U.S. federal $(996) $204 $(544) Non-U.S. $(4) $3 $(4) U.S. State 5 (6) (44) Total deferred $(995) $201 $(592) a. What is the amount of income tax expense reported by Boeing each year

Solved
Show answers

Ask an AI advisor a question

I want advice