Here is Ford Motor Companys 2014 inventory disclosure:

Note 8. Inventories

All inventories are stated at the lower of cost or market. Cost for a substantial portion of US inventories is determined on a last-in, first-out (LIFO) basis. LIFO was used for 28% and 20% of total inventories at December 31, 2014 and 2013, respectively. Cost of other inventories is determined by costing methods that approximate a first-in, first-out (FIFO) basis. Inventories at December 31 were as follows (in millions):

2014 2013

Raw materials, work-in-process, and supplies 3,822 3,628

Finished products 5,022 5,081

Total inventories under FIFO 8,844 8,709

LIFO adjustment (978) (1,001)

Total inventories 7,866 7,708

How much US federal income tax has Ford deferred as of the end of 2014 because it uses LIFO for a portion of its US inventory? Assume a 35% US federal tax rate. Note the values in Fords disclosure are in millions of dollars.