Tyson Foods 2010 Annual Report Download - page 73

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73
Estimated Future Benefit Payments
The following benefit payments are expected to be paid:
in millions
Pension Benefits Other Postretirement
Qualified Non-Qualified Benefits
2011 $9 $2 $7
2012 8 2 6
2013 7 2 4
2014 7 2 4
2015 7 3 4
2016-2020 29 18 17
The above benefit payments for other postretirement benefit plans are not expected to be offset by Medicare Part D subsidies in 2011
or thereafter.
NOTE 16: SUPPLEMENTAL CASH FLOW INFORMATION
The following table summarizes cash payments for interest and income taxes:
in millions
2010 2009 2008
Interest $302 $333 $211
Income taxes, net of refunds 470 35 51
NOTE 17: TRANSACTIONS WITH RELATED PARTIES
We have operating leases for farms, equipment and other facilities with Don Tyson, a director of the Company, John Tyson, Chairman
of the Company, certain members of their families and the Randal W. Tyson Testamentary Trust. Total payments of $2 million in
fiscal 2010, $3 million in fiscal 2009 and $3 million in fiscal 2008, were paid to entities in which these parties had an ownership
interest.
In 2008, a lawsuit captioned In re Tyson Foods, Inc. Consolidated Shareholder’s Litigation was settled. Pursuant to the settlement,
Don Tyson and the Tyson Limited Partnership paid us $4.5 million.
NOTE 18: INCOME TAXES
Detail of the provision for income taxes from continuing operations consists of the following:
in millions
2010 2009 2008
Federal $374 $7 $56
State 44 (4) 8
Foreign 20 4 4
$438 $7 $68
Current $420 $40 $33
Deferred 18 (33) 35
$438 $7 $68