Coca Cola 2008 Annual Report Download - page 127

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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, 2008 2007 2006
United States $ 5301$ 2,545 $ 2,126
International 6,909 5,328 4,452
$ 7,439 $ 7,873 $ 6,578
1The decrease in 2008 was primarily attributable to impairment charges recorded by CCE during 2008,
of which our Company’s proportionate share was approximately $1.6 billion.
Income tax expense (benefit) consisted of the following for the years ended December 31, 2008, 2007 and
2006 (in millions):
United State and
States Local International Total
2008
Current $ 691 $ 70 $ 1,232 $ 1,993
Deferred (321) (65) 25 (361)
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)
We made income tax payments of approximately $1,942 million, $1,596 million and $1,601 million in 2008,
2007 and 2006, respectively.
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