|
3. Other Financial Data
Consolidated Statements of Income Information
Other Income
Other income consists of the following (in millions):
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31
|
|
2011
|
|
2010
|
|
2009
|
|
| |
|
|
Equity earnings |
|
$ |
7 |
|
$ |
18 |
|
$ |
18 |
|
|
Realized gain (loss) on sale of investments |
|
|
18 |
|
|
(2 |
) |
|
(1 |
) |
|
(Loss) gain on disposal of businesses |
|
|
— |
|
|
(4 |
) |
|
13 |
|
|
(Loss) gain on extinguishment of debt |
|
|
(19 |
) |
|
(8 |
) |
|
5 |
|
|
Other |
|
|
(1 |
) |
|
(4 |
) |
|
(1 |
) |
| |
|
|
|
|
$ |
5 |
|
$ |
— |
|
$ |
34 |
|
| |
|
Consolidated Statements of Financial Position Information
Fixed Assets, net
The components of Fixed assets, net are as follows (in millions):
|
|
|
|
|
|
|
|
As of December 31
|
|
2011
|
|
2010
|
|
| |
|
|
Software |
|
$ |
730 |
|
$ |
662 |
|
|
Leasehold improvements |
|
|
407 |
|
|
436 |
|
|
Furniture, fixtures and equipment |
|
|
326 |
|
|
342 |
|
|
Computer equipment |
|
|
274 |
|
|
245 |
|
|
Land and buildings |
|
|
108 |
|
|
108 |
|
|
Automobiles |
|
|
39 |
|
|
39 |
|
|
Construction in progress |
|
|
87 |
|
|
45 |
|
| |
|
|
|
|
|
1,971 |
|
|
1,877 |
|
|
Less: Accumulated depreciation |
|
|
1,188 |
|
|
1,096 |
|
| |
|
|
Fixed assets, net |
|
$ |
783 |
|
$ |
781 |
|
| |
|
Depreciation expense, which includes software amortization, was $220 million, $151 million, and $149 million for the years ended December 31, 2011, 2010, and 2009, respectively. |