California and Foreign — Valuation allowance amount

How to read this metric

An increase in the valuation allowance suggests management has become less confident in the ability to utilize tax assets in these regions, potentially due to projected losses or limited taxable income. A decrease suggests improved profitability expectations or a more favorable tax outlook in those specific jurisdictions.

Detailed definition

Peer comparison

This is a standard component of deferred tax accounting found in the tax footnote of most multinational corporations, though the geographic breakdown is specific to the company's tax reporting structure.