Apple 2005 Annual Report Download - page 79

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 2—Financial Instruments (Continued)
Non-Current Debt and Equity Investments and Related Gains and Losses
The Company previously held significant investments in ARM Holdings plc (ARM), Akamai Technologies, Inc. (Akamai), and EarthLink
Network, Inc. (EarthLink). T
he Company sold all of the remaining holdings in these non-current investments in 2004 and 2003. Pretax gains
recorded upon the sale of these non-current investments were $4 million and $10 million in 2004 and 2003, respectively.
Note 3—Consolidated Financial Statement Details (in millions)
Other Current Assets
Property, Plant, and Equipment
Other Assets
Accrued Expenses
77
2005
2004
Vendor non
-
trade receivables
$
417
$
276
Other current assets
231
209
Total other current assets
$
648
$
485
2005
2004
Land and buildings
$
361
$
351
Machinery, equipment, and internal
-
use software
494
422
Office furniture and equipment
81
79
Leasehold improvements
545
446
1,481
1,298
Accumulated depreciation and amortization
(664
)
(591
)
Net property, plant, and equipment
$
817
$
707
2005
2004
Non
-
current deferred tax assets
$
183
$
86
Capitalized software development costs, net
38
25
Other assets
117
80
Total other assets
$
338
$
191
2005
2004
Deferred revenue—current
$
501
$
342
Accrued marketing and distribution
221
147
Accrued compensation and employee benefits
167
134
Accrued warranty and related costs
188
105
Other current liabilities
628
472
Total accrued expenses
$
1,705
$
1,200