Emerson 2014 Annual Report Download - page 57

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2014 Emerson > 53
(18) Other Financial Data
Items reported in earnings during the years ended September 30 include the following:
2012 2013 2014
Research and development expense $547 576 541
Depreciation expense $505 521 518
Rent expense $395 414 411
The Company leases certain facilities, transportation and office equipment, and various other items under operating
lease agreements. Minimum annual rentals under noncancelable long-term leases, exclusive of maintenance, taxes,
insurance and other operating costs, will approximate $270 in 2015, $193 in 2016, $131 in 2017, $82 in 2018 and
$52 in 2019.
At September 30, 2014 and 2013, other assets included $377 and $438 of pension assets, respectively. Artesyn assets
classified as held-for-sale at September 30, 2013 were $408 in other current assets and $190 in noncurrent assets.
Items reported in accrued expenses include the following:
2013 2014
Employee compensation $650 705
Customer advanced payments $402 455
Product warranty $183 193
Other liabilities are summarized as follows:
2013 2014
Pension plans $ 539 564
Deferred income taxes 823 572
Postretirement plans, excluding current portion 263 233
Other 688 628
Total $2,313 1,997
Other operating cash flow is comprised of the following:
2012 2013 2014
Pension expense $173 228 153
Stock compensation expense 100 221 143
Deferred income taxes and other (92) (63) (111)
Total $181 386 185