Emerson 2005 Annual Report Download - page 60

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4 8 E M E R S O N 2 0 0 5
Geographic
Sales by Destination Property, Plant and Equipment
2003 2004 2005 2003 2004 2005
United States $ 7,687 8,262 9,126 1,970 1,880 1,919
Europe 3,169 3,649 3,890 502 539 511
Asia 1,712 2,085 2,370 297 307 343
Latin America 487 533 670 124 135 149
Other regions 944 1,086 1,249 69 76 81
Discontinued operations (a) (41) — — — — —
Total $13,958 15,615 17,305 2,962 2,937 3,003
(17) OTHER FINANCIAL DATA
Items reported in earnings during the years ended September 30 include the following:
2003 2004 2005
Depreciation $463 478 472
Intangible asset amortization $ 71 79 90
Research and development $261 280 303
Rent expense $227 233 241
The Company leases computers, transportation equipment and various other property under operating lease agreements. The
minimum annual rentals under noncancelable long-term leases, exclusive of maintenance, taxes, insurance and other operating costs, will
approximate $124 in 2006, $88 in 2007, $63 in 2008, $44 in 2009 and $32 in 2010.
Other assets, other are summarized as follows:
2004 2005
Pension plans $ 883 925
Equity and other investments 223 248
Intellectual property and customer relationships 205 310
Capitalized software 148 157
Leveraged leases 124 116
Other 166 152
Total $1,749 1,908
Items reported in accrued expenses include the following:
2004 2005
Employee compensation $432 445
Product warranty $180 174
Other liabilities are summarized as follows:
2004 2005
Deferred income taxes $ 528 567
Postretirement plans, excluding current portion 306 325
Retirement plans 285 336
Minority interest 126 142
Other 403 398
Total $1,648 1,768