Emerson 2011 Annual Report Download - page 49

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Annual Report | 47
depreciation and
intersegment sales amortization expense capital expenditures
2009 2010 2011 2009 2010 2011 2009 2010 2011
Process Management $ 2 3 7 166 183 198 100 105 194
Industrial Automation 499 570 640 143 150 148 99 114 138
Network Power 16 31 24 155 205 286 100 103 99
Climate Technologies 43 46 42 138 148 138 83 104 120
Tools and Storage 23 6 2 96 95 57 64 57 35
Corporate and other 29 35 40 85 41 61
Total $583 656 715 727 816 867 531 524 647
GEOGRAPHIC
sales By destination property, plant and eQuipment
2009 2010 2011 2009 2010 2011
United States and Canada $ 9,408 9,823 10,773 2,028 1,858 1,869
Asia 4,312 4,858 5,636 525 505 583
Europe 4,341 4,309 5,271 717 683 714
Latin America 1,004 1,065 1,319 227 229 262
Middle East/Africa 1,037 984 1,223 3 12 9
Total $20,102 21,039 24,222 3,500 3,287 3,437
Sales in the U.S. were $9,900, $9,101 and $8,686 for 2011, 2010 and 2009, respectively, and Asia includes sales in
China of $3,079, $2,692 and $2,306, respectively. U.S.-located fixed assets were $1,853, $1,839 and $2,010.
(17) Other Financial Data
Items reported in earnings during the years ended September 30 include the following:
2009 2010 2011
Depreciation expense $543 562 522
Research and development expense $460 473 555
Rent expense $363 353 372
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 $245 in 2012, $179 in 2013, $118 in 2014, $78 in 2015 and $54
in 2016.
Items reported in accrued expenses include the following:
2010 2011
Employee compensation $683 640
Customer advanced payments $385 385
Product warranty $224 211