1. Tax Systems Workshop March 8, 2011

2. Linking Strategy to Systems A A DB Start ? Rep ort End State Transition Execution … the hard part … Alignment: Establish End-State Vision Link Strategy to Requirements 3/3/20112

3. Existing data / process problems: Multiple maintenance points supported by manual intervention Outdated and unsupported applications requiring upgrade / replacement Inability to provide timely data required to meet closing schedule Duplicated and overlapping processes performed by segregated groups Extensive data cleansing activities required to produce accurate information 1 2 3 4 5 Current State 3/3/20113 Monthly Data Loading 3,756 touch points (eMails, servers, data files, decisions, etc.) Across 6 different groups Touching 12 different individuals Does NOT include: –Quarterly Processing –Annual Processing –Daily data loads form TIS to CorpTax

4. Linking Tax Strategy to System Features 3/3/20114

5. Tax Systems Scenarios 3/3/20115

6. Tax Systems Scenarios Recommendation Key: BestWorst 3/3/20116

7. Resource Allocation 3/3/20117

8. Resource Allocation – Theoretical -5 3/3/20118

9. End-State SEC IRS 3/3/20119

10. Timeline – Example Q2Q3Q4Q1Q2Q3Q4Q1 2012 2011 Vision Alignment Vendor Sel. Proj. Plan Domestic Provision Foreign Provision Core Chgs Statutory Provision / Reporting Eliminate Tax Data Warehouse 3/3/201110

11. Meeting with Joe Must Have: – Direction on TTG – Timing – Communication Nice to Have: – Joe’s expectations (thoughts) on 3/11 meeting – Insights into Department Changes Does he have expectations about re-org? – Budget goals – What does “good” look like 2011 2012 – Thoughts about End-State I want to involve staff in setting end-state vision guided by Tax Strategy Does Joe just want us to come out of the closet with answer (CorpTax) – Joe’s expectations on Tax Systems Implementation Speed/Timing – how hard is he going to push the organization – Dom & For Provision in 2011? Sequence (Dom Prov 1 st ) What I want Joe to say: – Understands Issue – Will find permanent home by Y/E – Will talk to TTG before 3/11 3/3/201111