WESTERN DIGITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (Continued)
Stock Reserved for Issuance
The following table summarizes all shares of common stock reserved for issuance at June 29, 2012 (in millions):
Number
of Shares
Maximum shares issuable in connection with:
Outstanding awards and shares available for award grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25.7
ESPP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.0
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27.7
Note 9.
Income Taxes
Pre-tax Income
The domestic and foreign components of income before income taxes were as follows for the three years ended
June 29, 2012 (in millions):
2012
2011
2010
Foreign . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,559
$660
$1,418
Domestic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
198
120
102
Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,757
$780
$1,520
Income Tax Provision
The components of the provision for income taxes were as follows for the three years ended June 29, 2012 (in
millions):
2012
2011
2010
Current:
Foreign . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 12
$ 12
$
9
Domestic-federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
98
21
101
Domestic-state . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1
1
Deferred:
Foreign . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
--
--
Domestic-federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
30
37
Domestic-state . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(9)
(10)
(10)
Income tax provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$145
$ 54
$138
Remaining net undistributed earnings from foreign subsidiaries at June 29, 2012 on which no U.S. tax has been
provided amounted to $6.3 billion. The net undistributed earnings are intended to finance local operating require-
ments and capital investments. Accordingly, an additional U.S. tax provision has not been made on these earnings.
The tax liability for these earnings would be $2.1 billion if the Company repatriated the $6.3 billion in undistributed
earnings from the foreign subsidiaries.
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