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Note 10. Other Income – Net Archer Daniels Midland Company Notes to Consolidated Financial Statements (Continued) 2008 2007 2006 (In millions) Interest expense $ 477 $ 434 $ 365 Investment income (269) (257) (204) Loss on extinguishment of debt – 46 4 Net gain on marketable securities transactions (38) (393) (40) Gain on exchange of unconsolidated affiliates (9) (440) – Net (gain) loss on sales of businesses (8) (209) 12 Equity in earnings of unconsolidated affiliates (415) (294) (174) Other – net 61 1 (45) $(201) $(1,112) $ (82) Interest expense is net of interest capitalized of $52 million, $24 million, and $11 million in 2008, 2007, and 2006, respectively. The Company made interest payments of $485 million, $425 million, and $365 million in 2008, 2007, and 2006, respectively. Realized gains on sales of available-for-sale marketable securities totaled $39 million, $394 million, and $41 million in 2008, 2007, and 2006, respectively. Annual realized losses were $1 million in 2008, 2007, and 2006. Note 11. Income Taxes For financial reporting purposes, earnings before income taxes include the following components. 2008 2007 2006 (In millions) United States $1,445 $1,902 $1,321 Foreign 1,179 1,252 534 $2,624 $3,154 $1,855 Significant components of income taxes are as follows: 2008 2007 (In millions) 2006 Current Federal $ 540 $ 691 $ 490 State 46 68 33 Foreign Deferred 364 124 121 Federal (51) (24) (105) State 12 (16) 1 Foreign (89) 149 3 $ 822 $ 992 $ 543 58
Note 11. Income Taxes (Continued) Archer Daniels Midland Company Notes to Consolidated Financial Statements (Continued) Significant components of the Company’s deferred tax liabilities and assets are as follows: 2008 2007 (In millions) Deferred tax liabilities Depreciation $ 549 $ 595 Bond discount amortization 13 16 Unrealized gain on marketable securities 11 26 Equity in earnings of affiliates 272 246 Other 2 54 847 937 Deferred tax assets Pension and postretirement benefits 133 140 Reserves and other accruals 20 23 Purchased call options 98 109 Tax credit carryforwards, net 41 49 Other 82 118 374 439 Net deferred tax liabilities 473 498 Current net deferred tax assets included in other assets – 34 Non-current net deferred tax liabilities $ 473 $ 532 Reconciliation of the statutory federal income tax rate to the Company’s effective tax rate on earnings is as follows: 2008 2007 2006 Statutory rate 35.0% 35.0% 35.0% Export tax incentives – (0.5) (1.8) State income taxes, net of federal tax benefit 1.3 1.4 1.9 Foreign earnings taxed at rates other than the U.S. statutory rate (4.6) (2.9) (4.7) Adjustment of income taxes to filed tax returns 0.2 (0.4) (2.2) Other (0.6) (1.1) 1.1 Effective rate 31.3% 31.5% 29.3% The Company made income tax payments of $859 million, $794 million, and $508 million in 2008, 2007, and 2006, respectively. 59
Page 1 and 2:
Relatório Anual 2008 da Archer Dan
Page 3 and 4:
DESTAQUES FINANCEIROS (em milhões,
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No ano, o lucro líquido atingiu US
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O ELO VITAL: Os negócios da ADM co
Page 9 and 10:
O MUNDO PRECISA DE CONEXÃO. A RESP
Page 11 and 12:
Erik Lightner, da ADM, supervisiona
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A BASE DE ATIVOS GLOBAIS DA ADM EST
Page 15 and 16:
UNITED STATES SECURITIES AND EXCHAN
Page 17 and 18:
Table of Contents Item No. Descript
Page 19 and 20:
Item 1. BUSINESS (Continued) Golden
Page 21 and 22: Item 1. BUSINESS (Continued) Corpor
Page 23 and 24: Item 1. BUSINESS (Continued) The Co
Page 25 and 26: Item 1A. RISK FACTORS (Continued) T
Page 27 and 28: Item 2. PROPERTIES The Company owns
Page 29 and 30: Item 2. PROPERTIES (Continued) Othe
Page 31 and 32: Item 5. MARKET FOR REGISTRANT’S C
Page 33 and 34: Item 6. SELECTED FINANCIAL DATA Sel
Page 35 and 36: Item 7. MANAGEMENT’S DISCUSSION A
Page 49 and 50: Item 7A. QUANTITATIVE AND QUALITATI
Page 51 and 52: Archer Daniels Midland Company Cons
Page 53 and 54: Archer Daniels Midland Company Cons
Page 55 and 56: Archer Daniels Midland Company Note
Page 63 and 64: Note 5. Investments in and Advances
Page 65 and 66: Note 7. Debt and Financing Arrangem
Page 69 and 70: Note 8. Shareholders’ Equity (Con
Page 71: Archer Daniels Midland Company Note
Page 75 and 76: Note 11. Income Taxes (Continued) A
Page 77 and 78: Note 13. Employee Benefit Plans (Co
Page 87 and 88: The Board of Directors and Sharehol
Page 89 and 90: Item 9. CHANGES IN AND DISAGREEMENT
Page 91 and 92: Item 10. DIRECTORS, EXECUTIVE OFFIC
Page 93 and 94: Item 12. SECURITY OWNERSHIP OF CERT
Page 95 and 96: Item 15. EXHIBITS AND FINANCIAL STA
Page 97 and 98: Item 15. EXHIBITS AND FINANCIAL STA
Page 99 and 100: EXHIBIT 21--SUBSIDIARIES OF THE REG
Page 101 and 102: Registration Statement No. 333-4261
Page 103 and 104: ARCHER-DANIELS-MIDLAND COMPANY Powe
Page 113 and 114: d) Disclosed in this report any cha
Page 115 and 116: d) Disclosed in this report any cha
Page 117 and 118: SECTION 1350 CERTIFICATION 103 Exhi
Page 119: NUTRIÇÃO CONEXÃO ENERGIA PROGRES
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Portuguese - ADM

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