Notes to Consolidated Financial Statements

NOTE 16

ADDITIONAL FINANCIAL INFORMATION

The tables that follow provide additional financial information related to our consolidated financial statements:

Income Statement Information

(dollars in millions)

Years Ended December 31,

2009

 

2008

 

2007

 

Depreciation expense

$

14,562

 

$

13,182

 

$

13,036

 

Interest cost incurred

 

4,029

 

 

2,566

 

 

2,258

 

Capitalized interest

 

(927

)

 

(747

)

 

(429

)

Advertising costs

 

3,020

 

 

2,754

 

 

2,463

 

Balance Sheet Information

(dollars in millions)

Years Ended December 31,

2009

 

2008

 

Accounts Payable and Accrued Liabilities

 

 

 

 

 

 

Accounts payable

$

4,337

 

$

3,856

 

Accrued expenses

 

3,486

 

 

2,299

 

Accrued vacation, salaries and wages

 

5,084

 

 

4,871

 

Interest payable

 

872

 

 

652

 

Taxes payable

 

1,444

 

 

2,136

 

 

$

15,223

 

$

13,814

 

 

 

 

 

 

 

 

Other Current Liabilities

 

 

 

 

 

 

Advance billings and customer deposits

$

2,644

 

$

2,651

 

Dividends payable

 

1,372

 

 

1,334

 

Other

 

2,692

 

 

3,114

 

 

$

6,708

 

$

7,099

 

Cash Flow Information

(dollars in millions)

Years Ended December 31,

2009

 

2008

 

2007

 

Cash Paid

 

 

 

 

 

 

 

 

 

Income taxes, net of amounts refunded

$

158

 

$

1,206

 

$

2,491

 

Interest, net of amounts capitalized

 

2,573

 

 

1,664

 

 

1,682

 

 

 

 

 

 

 

 

 

 

 

Supplemental Investing and Financing Transactions

 

 

 

 

 

 

 

 

 

Cash acquired in business combinations

 

1,044

 

 

397

 

 

17

 

Assets acquired in business combinations

 

35,861

 

 

2,800

 

 

589

 

Liabilities assumed in business combinations

 

6,865

 

 

376

 

 

154

 

Debt assumed in business combinations

 

23,929

 

 

1,505