Coca Cola 2004 Annual Report Download - page 106
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Coca-Cola Company and Subsidiaries
NOTE 14: PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Continued)
Defined Contribution Plans
Our Company sponsors a qualified defined contribution plan covering substantially all U.S. employees. Under
this plan, we match 100 percent of participants’ contributions up to a maximum of 3 percent of compensation.
Company contributions to the U.S. plan were $18 million, $20 million and $20 million in 2004, 2003 and 2002,
respectively. We also sponsor defined contribution plans in certain locations outside the United States. Company
contributions to these plans were $8 million, $7 million and $6 million in 2004, 2003 and 2002, respectively.
NOTE 15: INCOME TAXES
Income before income taxes and cumulative effect of accounting change consists of the following
(in millions):
Year Ended December 31, 2004 2003 2002
United States $ 2,535 $ 2,029 $ 2,062
International 3,687 3,466 3,437
$ 6,222 $ 5,495 $ 5,499
Income tax expense (benefit) consists of the following (in millions):
United State and
Year Ended December 31, States Local International Total
2004
Current $ 350 $ 64 $ 799 $ 1,213
Deferred 209 29 (76) 162
2003
Current $ 426 $ 84 $ 826 $ 1,336
Deferred (145) (11) (32) (188)
2002
Current $ 455 $ 55 $ 973 $ 1,483
Deferred 2 23 15 40
We made income tax payments of approximately $1,500 million, $1,325 million and $1,508 million in 2004,
2003 and 2002, respectively.
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