9. Procter & Gamble
Untaxed foreign profit: $30 billion
From Tide detergent to Crest toothpaste, Procter & Gamble brands are a part of consumers' lives in 180 countries. Approximately 127,000 employees work in about 80 countries worldwide helping the company to expand in foreign markets, which account for 58% of its sales.
Last year, Fortune traveled to China with P&G to find out how the company manages to sell $2 products in places where people earn $2 a day. "Our innovation strategy is not just diluting the top-tier product for the lower-end consumer," says Robert McDonald, P&G's CEO and chairman. "You have to discretely innovate for every one of those consumers on that economic curve, and if you don't do that, you'll fail."
NEXT: Microsoft
Last updated April 14 2011: 3:59 PM ET
