Annual Report Home

Financial Highlights
Letter to Shareholders
Responsibility
Busines Review
Financial Review
Board of Directors
Officers
Shareholder Information
Annual Report Index
 
 
Page 43 of 53PreviousNext

Notes to Consolidated Financial Statements

(Continued)


Note 17.
Additional Information:


The amounts shown below are for continuing operations.

(in millions)
For the years ended December 31,
2004  2003  2002 
Research and development expense $    809  $   756  $   680 
Advertising expense $1,763  $1,623  $1,835 
Interest and other debt
  expense, net:
  Interest expense $1,417  $1,367  $1,327 
  Interest income (241) (217) (193)
$1,176  $1,150  $1,134 
Interest expense of financial
  services operations included
  in cost of sales $    106  $   108  $    97 
Rent expense $    798  $   765  $  740 


Minimum rental commitments under non-cancelable operating leases in effect at December 31, 2004, were as follows:

(in millions)
2005 $    544
2006 405
2007 306
2008 208
2009 147
Thereafter 387
$ 1,997

Page 43 of 53PreviousNext