Coca Cola 2010 Annual Report Download - page 137

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NOTE 14: INCOME TAXES
Income before income taxes consisted of the following (in millions):
Year Ended December 31, 2010 2009 2008
United States $ 7,2241$ 2,691 $ 5192
International 7,019 6,255 6,987
$ 14,243 $ 8,946 $ 7,506
1The increase in 2010 was primarily attributable to a $4,978 million gain due to the remeasurement of our equity investment in CCE
to fair value upon our acquisition of CCE’s North American business. Refer to Note 2.
2The 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, 2010, 2009 and 2008 (in
millions):
United States State and Local International Total
2010
Current $ 470 $ 85 $ 1,212 $ 1,767
Deferred 599 2 16 617
2009
Current $ 509 $ 79 $ 1,099 $ 1,687
Deferred 322 18 13 353
2008
Current $ 690 $ 70 $ 1,232 $ 1,992
Deferred (320) (65) 25 (360)
We made income tax payments of $1,766 million, $1,534 million and $1,942 million in 2010, 2009 and 2008, respectively.
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