DIRECTV 2005 Annual Report Download - page 98

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THE DIRECTV GROUP, INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS —(continued)
Note 8: Accrued Liabilities and Deferred Credits
Accrued Liabilities and Other
December 31,
2005 2004
(Dollars in Millions)
Payroll and other compensation .................................... $155.3 $217.4
Current portion of provision for above-market programming contracts ......... 86.1 76.7
Third party commissions .......................................... 142.9 154.1
Interest payable ................................................ 28.4 36.5
Other ....................................................... 522.1 397.0
Total ..................................................... $934.8 $881.7
Other Liabilities and Deferred Credits
December 31,
2005 2004
(Dollars in Millions)
NRTC transaction obligations ....................................... $ 359.1 $ 410.0
Programming costs and provision for above-market programming contracts ...... 321.3 368.7
Deferred credits ................................................ 268.8 314.8
Accrued income taxes ............................................ 183.7 247.2
Pension and other postretirement benefits .............................. 107.3 131.3
Obligation under capital lease ...................................... 50.3 80.3
Other ........................................................ 117.1 113.1
Total ..................................................... $1,407.6 $1,665.4
Note 9: Short-Term Borrowings and Long-Term Debt
Short-Term Borrowings and Current Portion of Long-Term Debt
December 31,
Interest Rates at
December 31, 2005 2005 2004
(Dollars in
Millions)
Short-term borrowings .................................... — $— $ 8.4
Current portion of long-term debt ........................... 5.813%-10.14% 9.7 11.4
Total short-term borrowings and current portion of long-term debt $9.7 $19.8
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