Coca Cola 2011 Annual Report Download - page 125

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Multi-employer plans are generally governed by a board of trustees composed of management and labor representatives and are
funded through employer contributions.
The Company’s expense for U.S. multi-employer pension plans totaled $69 million in 2011, of which $32 million was related to
our withdrawal from certain of these plans. The charges of $32 million were included in the costs related to the Company’s
integration initiatives in North America. Refer to Note 18 for additional information related to these initiatives. The Company’s
expense for U.S. multi-employer pension plans was $9 million in 2010. The plans we currently participate in have contractual
arrangements that extend into 2017. If, in the future, we choose to withdraw from any of the multi-employer pension plans in
which we participate, we would need to record the appropriate withdrawal liabilities at that time.
NOTE 14: INCOME TAXES
Income before income taxes consisted of the following (in millions):
Year Ended December 31, 2011 2010 2009
United States $ 3,010 $ 7,2241$ 2,691
International 8,429 7,019 6,255
$ 11,439 $ 14,243 $ 8,946
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.
Income tax expense consisted of the following for the years ended December 31, 2011, 2010 and 2009 (in millions):
United States State and Local International Total
2011
Current $ 286 $ 66 $ 1,425 $ 1,777
Deferred 891 27 110 1,028
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
We made income tax payments of $1,612 million, $1,766 million and $1,534 million in 2011, 2010 and 2009, respectively.
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