Coca Cola 2005 Annual Report Download - page 109

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THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 15: 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 approximately $21 million, $18 million and
$20 million in 2005, 2004 and 2003, respectively. We also sponsor defined contribution plans in certain locations
outside the United States. Company contributions to those plans were approximately $14 million, $8 million and
$7 million in 2005, 2004 and 2003, respectively.
NOTE 16: INCOME TAXES
Income before income taxes consisted of the following (in millions):
Year Ended December 31, 2005 2004 2003
United States $ 2,268 $ 2,535 $ 2,029
International 4,422 3,687 3,466
$ 6,690 $ 6,222 $ 5,495
Income tax expense (benefit) consisted of the following for the years ended December 31, 2005, 2004 and
2003 (in millions):
United State and
States Local International Total
2005
Current $ 873 $ 188 $ 845 $ 1,906
Deferred (72) (25) 9 (88)
2004
Current $ 350 $ 64 $ 799 $ 1,213
Deferred 209 29 (76) 162
2003
Current $ 426 $ 84 $ 826 $ 1,336
Deferred (145) (11) (32) (188)
We made income tax payments of approximately $1,676 million, $1,500 million and $1,325 million in 2005,
2004 and 2003, respectively.
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