Time Magazine 2009 Annual Report Download - page 139

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Other Loss, Net
Other loss, net, consists of (millions):
2009 2008 2007
Years Ended December 31,
(recast) (recast)
Investment gains (losses), net ................................ $ (21) $ (60) $ 75
Amounts related to the separation of TWC ...................... 14 (11) —
Costs related to the separation of AOL ......................... (15) — —
Income (loss) on equity method investees ....................... (63) 18 (24)
Losses on accounts receivable ............................... (11) (35) (56)
Other ................................................. (11) 44 (4)
Total other loss, net ....................................... $ (107) $ (44) $ (9)
Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities consist of (millions):
December 31,
2009
December 31,
2008
(recast)
Accounts payable .......................................... $ 679 $ 749
Accrued expenses.......................................... 2,518 2,482
Participations payable ....................................... 2,652 2,522
Programming costs payable .................................. 736 681
Accrued compensation ...................................... 926 923
Accrued interest ........................................... 257 265
Accrued income taxes ...................................... 129 157
Total accounts payable and accrued liabilities . . ................... $ 7,897 $ 7,779
Other Noncurrent Liabilities
Other noncurrent liabilities consist of (millions):
December 31,
2009
December 31,
2008
(recast)
Noncurrent tax and interest reserves ............................ $ 2,173 $ 2,096
Participations payable ....................................... 766 1,384
Programming costs payable .................................. 1,242 1,145
Noncurrent pension and post retirement liabilities .................. 585 829
Deferred compensation ...................................... 565 549
Other noncurrent liabilities ................................... 684 716
Total other noncurrent liabilities ............................... $ 6,015 $ 6,719
127
TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)