Dell Inc. reports the following footnote disclosure to its 2013 10-K report (\$ millions).

a. What amount of income tax expense does Dell report in its income statement for 2013?

b. How much of Dell'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 Dell reports in its 2013 income statement?

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The provision for income taxes consisted of the following: Fiscal Year Ended Federal Current. Deferred State Current Deferred Foreign Current... Deferred Total .... February 1, 2013 $630 (297) 333 76 (23) 53 191 (108) 83 $469