Cisco Systems reports the following footnote disclosure to its \(10-\mathrm{K}\) report ( \(\$\) millions).

a. What amount of income tax expense does Cisco report in its income statement for 2008?

b. How much of Cisco's income tax expense is current (as opposed to deferred)?

c. Why do deferred tax assets and liabilities arise? How do they impact the tax expense that Cisco reports in its 2008 income statement?

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Year Ended Federal Current July 26, 2008 $2,384 Deferred (693) 1,691 State Current..... 173 Deferred (62) 111 Foreign Current... 418 Deferred (17) 401 Total $2,203