Real world financials: the income tax disclosure note accompanying the January 31 2016 financial statements of walmart is reproduced below:

# in millions	2016	2015	2014
current
US Federal	5562	6165	6377
US state and local	622	810	719
International	1400	1529	1523
Total Current	7584	8504	8619
Deferred
US Federal	(704)	(387)	(72)
US state and local	(106)	(55)	37
International	(216)	(77)	(479)
Total Deferred Tax Expense	(1026)	(519)	(514)
Total provisionn for income tax	6558	7985	8105
Significant comonents of the companys deferred tax account balances are as follows
# in millions
Deferred tax assets
Loss and tax credity carryforwards	3313	3255
accrued liabilities	3763	3395
share based compensation	192	184
other	1390	1119
Total Deferred tax assets	8658	7953
valuation allowances	(1456)	(1504)
Deferred tax assets net of valuation allowance	7202	6449
Deferred tax liabilities
property and equipment	5813	5972
inventories	1790	1825
other	1452	1618
total deferred tax liabilities	9055	9415
net deferred tax liabilities	1853	2966

Required:

Focusing on only the first part of Note 9, relating current, deferred, and total provision for income taxes, prepare a summary journal entry that records Walmarts 2016 tax expense associated with income from continuing operations.

Compare the change in deferred taxes you recorded in your summary journal entry to the actual change in Walmarts net deferred tax liability for fiscal 2016. Do they reconcile? What besides continuing operations might affect deferred taxes?