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What is the total change in net balance sheet DTA or DTL? 16. Taxes on Income (continued) The significant components of deferred tax assets and
What is the total change in net balance sheet DTA or DTL?
16. Taxes on Income (continued) The significant components of deferred tax assets and liabilities at December 31 were: (S in millions) 2008 2007 $ Deferred tax assets: Deferred compensation Accrued employee benefits Plant closure costs Accrued pensions Inventory and other reserves Net operating losses Unrealized losses on derivative transactions Other Total deferred tax assets Valuation allowance Net deferred tax assets Deferred tax liabilities: Depreciation Goodwill and other intangible assets LIFO inventory reserves Other Total deferred tax liabilities Net deferred tax asset (liability) 76.0 $ 95.5 33.5 116.5 24.1 36.9 42.7 28.6 453.8 (24.0 429.8 64.2 105.0 32.1 33.4 25.8 45,2 0.7 22.3 328.7 (17.8 310.9 (266.1) (261.6) (85.2) (81.4) (13.5) (19.6) (20.3) 122.9 (385.1) (385.5) 44.7 $ (74.6) At December 31, 2008 and 2007, the net deferred tax asset (liability) was included in the consolidated balance sheets as follows: ($ in millions) 2008 2007 $ 91.1 $ 26.0 Deferred taxes and other current assets Intangibles and other assets, net Income taxes payable Deferred taxes and other liabilities Net deferred tax asset (liability) 48.3 4.3 (1.4) (125.8) (74.6) (72.4) 44.7 $ $Step by Step Solution
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