UNITED TECHNOLOGIES CORP /DE/ | 2013 | FY | 3


(dollars in millions)
2013
 
2012
Future income tax benefits:
 
 
 
Insurance and employee benefits
$
747

 
$
1,168

Other asset basis differences
365

 
119

Other liability basis differences
1,187

 
1,052

Tax loss carryforwards
386

 
382

Tax credit carryforwards
1,184

 
1,107

Valuation allowances
(669
)
 
(618
)
 
$
3,200

 
$
3,210

Future income taxes payable:
 
 
 
Insurance and employee benefits
$
(992
)
 
$
(2,238
)
Other asset basis differences
4,649

 
4,440

Other items, net
(178
)
 
(195
)
Tax loss carryforwards
(346
)
 
(409
)
Tax credit carryforwards
(68
)
 
(80
)
Valuation allowances
273

 
286

 
$
3,338

 
$
1,804


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