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A reconciliation of the beginning and ending balance of the investments measured at fair value using significant unob- servable inputs (Level 3) is as follows: 

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The Company has commitments totaling $85.0 million for the private equity investments within the pension plans, of which $30.3 million and $42.1 million remain unfunded at fiscal year end 2014 and 2013, respectively. These commitments include $17.7 million and $12.6 million for domestic and foreign equity investments, respectively, for fiscal year end 2014 compared to the $27.1 million and $15.0 million for domestic and foreign equity investments, respectively, for fiscal year end 2013. Funding for future private equity capital calls will come from existing pension plan asset investments and not from addi- tional cash contributions into the Company’s pension plans. 

## Note J 

## Income Taxes 

The components of the provision for income taxes are as follows: 

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Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The Company believes that, based upon its lengthy and consistent history of profitable 

operations, it is more likely than not the net deferred tax assets of $62.9 million will be realized on future tax returns, primarily from the generation of future taxable income. Significant components of the deferred income tax liabilities and assets are as follows: 

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Reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows: 

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No provision has been made for U.S. federal income taxes on certain undistributed earnings of foreign subsidiaries and joint ventures that we intend to permanently invest or that may be remitted substantially tax-free. The total of undistributed earnings that would be subject to federal income tax if remit- ted under existing law is approximately $88.3 million as of October 26, 2014. Determination of the unrecognized deferred tax liability related to these earnings is not practicable because of the complexities with its hypothetical calculation. Upon distribution of these earnings, we will be subject to U.S. taxes and withholding taxes payable to various foreign governments. A credit for foreign taxes already paid would be available to reduce the U.S. tax liability. 

Total income taxes paid during fiscal 2014, 2013, and 2012 were $285.8 million, $226.2 million, and $226.7 million, respectively. 

