Initial Letter Date |
Form filed |
Market Capitalization |
12/11/2013 |
10-K |
$ 25,120 M |
We note the disclosure in your Form 10-Q for the quarter ended September 30, 2013 stating that approximately $[xx] billion of unremitted foreign earnings was deemed to be indefinitely reinvested into your Canadian business. Please tell us how the repatriation in the fiscal quarter ended June 30, 2013 impacted your ability to estimate the amount of the unrecognized deferred tax liability related to such earnings. With your response, please also address the deferred tax liability recognized for unremitted foreign earnings not deemed to be indefinitely reinvested. |