Emerson 2009 Annual Report Download - page 47
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Annual Report 45
Items reported in earnings during the years ended September 30 include the following:
2007 2008 2009
Depreciation $525 557 543
Research and development expense $397 458 460
Rent expense $300 337 363
The Company leases facilities, transportation and ofce equipment and various other items under operating lease
agreements. The minimum annual rentals under noncancelable long-term leases, exclusive of maintenance, taxes,
insurance and other operating costs, will approximate $227 in 2010, $166 in 2011, $109 in 2012, $69 in 2013 and $47
in 2014.
Other assets, other are summarized as follows:
2008 2009
Intellectual property and customer relationships $ 627 930
Capitalized software 192 214
Pension plans 436 3
Other 385 385
Total $1,640 1,532
The pension asset decreased and the pension liability increased due to the decrease in funded status (see Note 10).
Items reported in accrued expenses include the following:
2008 2009
Employee compensation $609 536
Customer advanced payments $314 315
Product warranty $204 199
Other liabilities are summarized as follows:
2008 2009
Pension plans $ 325 613
Postretirement plans, excluding current portion 417 460
Deferred income taxes 533 406
Minority interest 188 151
Other 594 624
Total $2,057 2,254