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LTD » Topics » Resolution of Income Tax Matters

This excerpt taken from the LTD 8-K filed Mar 1, 2007.

Resolution of Income Tax Matters

The Company’s results for the fourth quarter of 2005 include the impact of the following income tax matters:

 

  ·  

A favorable one-time tax benefit of $77 million ($0.19 per share) related to the repatriation of foreign earnings under the provisions of the American Jobs Creation Act. This repatriation was enabled by the settlement of the tax matter previously disclosed in the Company’s 2005 annual report on Form 10-K.

 

  ·  

In conjunction with this settlement, the Company recorded pretax interest income of $40 million ($0.06 per share).

This excerpt taken from the LTD 10-K filed Mar 31, 2006.

Resolution of Income Tax Matters

The Company’s results for the fourth quarter of 2005 included the impact of the following income tax matters:

 

  •   A favorable one-time tax benefit of $77 million ($0.19 per share) related to the repatriation of foreign earnings under the provisions of the American Jobs Creation Act; and

 

  •   In conjunction with a tax settlement, the Company recorded pretax interest income of $40 million ($0.06 per share).

See Note 8 to the Consolidated Financial Statements in Item 8. Financial Statements and Supplementary Data.

This excerpt taken from the LTD 8-K filed Feb 23, 2006.

Resolution of Income Tax Matters

The Company’s results for the fourth quarter of 2005 include the impact of the following income tax matters:

 

•   A favorable one-time tax benefit of $77 million ($0.19 per share) related to the repatriation of foreign earnings under the provisions of the American Jobs Creation Act. This repatriation was enabled by the settlement of the tax matter previously disclosed in the Company’s 2005 third quarter Form 10-Q.

 

•   In conjunction with this settlement, the Company recorded pretax interest income of $40 million ($0.06 per share).

EXCERPTS ON THIS PAGE:

8-K
Mar 1, 2007
10-K
Mar 31, 2006
8-K
Feb 23, 2006

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