|3 Months Ended|
Mar. 30, 2019
|Income Tax Disclosure [Abstract]|
For the three months ended March 30, 2019, the Company recorded an income tax benefit of $13 million associated with a credit to U.S. taxes due to the completion of certain internal tax structuring.
For the three months ended March 31, 2018, the Company recorded an income tax provision of $8 million, consisting primarily of $5 million for U.S. taxes and $3 million of foreign taxes in profitable locations.
As of March 30, 2019, substantially all of the Company’s U.S. and Canadian deferred tax assets, net of deferred tax liabilities, continue to be subject to a valuation allowance. The realization of these assets is dependent on substantial future taxable income which, as of March 30, 2019, in management’s estimate, is not more likely than not to be achieved.
The Company’s total gross unrecognized tax benefits were $50 million as of March 30, 2019. The Company does not believe it is reasonably possible that unrecognized tax benefits will materially change in the next 12 months. However, the settlement, resolution or closure of tax audits are highly uncertain.
No definition available.
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef