Coca Cola 2007 Annual Report Download - page 114
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THE COCA-COLA COMPANY AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 17: INCOME TAXES
Income before income taxes consisted of the following (in millions):
Year Ended December 31, 2007 2006 2005
United States $ 2,545 $ 2,126 $ 2,268
International 5,328 4,452 4,422
$ 7,873 $ 6,578 $ 6,690
Income tax expense (benefit) consisted of the following for the years ended December 31, 2007, 2006 and 2005
(in millions):
United
States State and
Local International Total
2007
Current $ 664 $ 75 $ 1,044 $ 1,783
Deferred 98 (13) 24 109
2006
Current $ 608 $ 47 $ 878 $ 1,533
Deferred (20) (22) 7 (35)
2005
Current $ 873 $ 188 $ 845 $ 1,906
Deferred (72) (25) 9 (88)
We made income tax payments of approximately $1,596 million, $1,601 million and $1,676 million in 2007, 2006
and 2005, respectively.
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