Time Magazine 2010 Annual Report Download - page 114

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Long-lived hard assets located outside the United States, which represent approximately 1% of total assets at
December 31, 2010, are not material. Revenues in different geographical areas are as follows:
2010 2009 2008
Years Ended December 31,
(millions)
Revenues
(a)
United States ................................... $ 19,007 $ 18,113 $ 18,894
United Kingdom ................................. 1,387 1,495 1,809
Canada ........................................ 731 646 597
Germany . . . ................................... 656 643 564
France ........................................ 519 580 540
Japan ......................................... 509 471 440
Other international ............................... 4,079 3,440 3,590
Total revenues .................................. $ 26,888 $ 25,388 $ 26,434
(a)
Revenues are attributed to countries based on location of customer.
16. COMMITMENTS AND CONTINGENCIES
Commitments
Time Warner’s total net rent expense from continuing operations amounted to $398 million in 2010,
$408 million in 2009 and $412 million in 2008. Included in such amounts was sublease income of $46 million
for 2010, $52 million for 2009 and $59 million for 2008. The Company has long-term noncancelable lease
commitments for office space, studio facilities and operating equipment in various locations around the world. The
minimum rental commitments under noncancelable long-term operating leases during the next five years and
thereafter are as follows (millions):
2011 ............................................................... $ 401
2012 ............................................................... 372
2013 ............................................................... 357
2014 ............................................................... 333
2015 ............................................................... 297
Thereafter ........................................................... 728
Total ............................................................... $ 2,488
Additionally, as of December 31, 2010, the Company has future sublease income arrangements of $278 million,
which are not included in the table above.
102
TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)