Emerson 2010 Annual Report Download - page 55

Download and view the complete annual report

Please find page 55 of the 2010 Emerson annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 64

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64

2010 Annual Report
53
depreciation and
intersegment sales amortization expense capital expenditures
2008 2009 2010 2008 2009 2010 2008 2009 2010
Process Management $ 5 2 3 148 166 183 144 100 105
Industrial Automation 570 499 570 135 143 150 144 99 114
Network Power 15 16 31 149 155 205 127 100 103
Climate Technologies 53 43 46 139 138 148 128 83 104
Tools and Storage 29 23 6 115 96 95 92 64 57
Corporate and other 21 29 35 79 85 41
Total $672 583 656 707 727 816 714 531 524
GEOGRAPHIC
sales By destination property, plant and eQuipment
2008 2009 2010 2008 2009 2010
United States $10,444 8,686 9,101 2,032 2,010 1,839
Europe 5,652 4,341 4,309 670 717 683
Asia 4,450 4,312 4,858 516 525 505
Latin America 1,180 1,004 1,065 229 227 229
Other regions 2,025 1,759 1,706 60 21 31
Total $23,751 20,102 21,039 3,507 3,500 3,287
Asia includes sales in China of $2,692, $2,306 and $2,229 for 2010, 2009 and 2008, respectively.
(17) Other Financial Data
Items reported in earnings during the years ended September 30 include the following:
2008 2009 2010
Depreciation $557 543 562
Research and development expense $458 460 473
Rent expense $337 363 353
The Company leases facilities, transportation and office equipment and various other items under operating lease
agreements. The minimum annual rentals under noncancellable long-term leases, exclusive of maintenance, taxes,
insurance and other operating costs, will approximate $223 in 2011, $159 in 2012, $108 in 2013, $74 in 2014 and $54
in 2015.
Items reported in accrued expenses include the following:
2009 2010
Employee compensation $536 683
Customer advanced payments $315 385
Product warranty $199 224