Portuguese - ADM

Archer Daniels Midland CompanyNotes to Consolidated Financial Statements (Continued)Note 10.Other Income – Net2007 2006 2005(In millions)Interest expense $ 434 $ 365 $ 326Investment income (257) (204) (135)Loss on extinguishment of debt 46 4 –Net gain on marketablesecurities transactions (393) (40) (113)Gain on exchange ofunconsolidated affiliates (440) – –Net (gain) loss on sales of businesses (209) 12 (1)Equity in earnings ofunconsolidated affiliates (294) (174) (229)Other – net 1 (45) (14)$(1,112) $ (82) $ (166)Interest expense is net of interest capitalized of $24 million, $11 million, and $11 million in 2007, 2006, and 2005,respectively. The Company made interest payments of $425 million, $365 million, and $326 million in 2007,2006, and 2005, respectively. Realized gains on sales of available-for-sale marketable securities totaled $394million, $41 million, and $114 million in 2007, 2006, and 2005, respectively. Realized losses totaled $1 million ineach year 2007, 2006, and 2005.Note 11.Income TaxesFor financial reporting purposes, earnings before income taxes include the following components.2007 2006 2005(In millions)United States $1,902 $1,321 $ 978Foreign 1,252 534 538$3,154 $1,855 $1,516Significant components of income taxes are as follows:2007 2006 2005(In millions)CurrentFederal $ 691 $ 490 $ 188State 68 33 40Foreign 124 121 2DeferredFederal (24) (105) 136State (16) 1 6Foreign 149 3 100$ 992 $ 543 $ 47259