Time Magazine 2011 Annual Report Download - page 125
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TIME WARNER INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities consist of (millions):
December 31,
2011
December 31,
2010
Accounts payable ............................................. $ 961 $ 846
Accrued expenses ............................................. 2,037 2,163
Participations payable ......................................... 2,337 2,480
Programming costs payable ..................................... 742 737
Accrued compensation ......................................... 1,049 1,051
Accrued interest .............................................. 342 284
Accrued income taxes ......................................... 347 248
Total accounts payable and accrued liabilities ....................... $ 7,815 $ 7,809
Other Noncurrent Liabilities
Other noncurrent liabilities consist of (millions):
December 31,
2011
December 31,
2010
Noncurrent tax and interest reserves .............................. $ 2,430 $ 2,397
Participations payable ......................................... 927 806
Programming costs payable ..................................... 1,029 1,227
Noncurrent pension and post retirement liabilities ................... 809 565
Deferred compensation ........................................ 574 575
Other noncurrent liabilities ...................................... 565 597
Total other noncurrent liabilities ................................. $ 6,334 $ 6,167
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