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,

2010

 

2009

 

2008

 

Depreciation expense

$

14,593

 

$

14,564

 

$

13,227

 

Interest incurred

 

3,487

 

 

4,029

 

 

2,566

 

Interest capitalized

 

(964

)

 

(927

)

 

(747

)

Advertising expense

 

2,451

 

 

3,020

 

 

2,754

 

Balance Sheet Information

(dollars in millions)

December 31,

2010

 

2009

 

Accounts Payable and Accrued Liabilities

Accounts payable

$

3,936

 

$

4,337

 

Accrued expenses

 

4,110

 

 

3,486

 

Accrued vacation, salaries and wages

 

5,686

 

 

5,084

 

Interest payable

 

813

 

 

872

 

Taxes payable

 

1,157

 

 

1,444

 

 

$

15,702

 

$

15,223

 

 

Other Current Liabilities

Advance billings and customer deposits

$

3,091

 

$

2,644

 

Dividends payable

 

1,402

 

 

1,372

 

Other

 

2,860

 

 

2,692

 

 

$

7,353

 

$

6,708

 

Cash Flow Information

(dollars in millions)

Years Ended December 31,

2010

 

2009

 

2008

 

Cash Paid

Income taxes, net of amounts refunded

$

430

 

$

158

 

$

1,206

 

Interest, net of amounts capitalized

 

2,433

 

 

2,573

 

 

1,664