On June 22, 2020, the U.S. Supreme Court denied Altera’s petition for a writ of certiorari from a Ninth Circuit’s opinion reversing a U.S. Tax Court decision. The Ninth Circuit opinion holds that U.S. corporations must allocate to their non-U.S. affiliates a portion of the cost of stock-based compensation of employees whose work benefits the corporations’ non-U.S. affiliates pursuant to what is referred to as “qualified cost sharing arrangements”.