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Supplementary Information | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Supplementary Information | 18. Supplementary Information Cash paid for interest and income taxes was as follows:
(Stated in millions) |
| 2023 |  |  | 2022 |  |  | 2021 |
Interest | $ | 503 |  |  | $ | 562 |  |  | $ | 560 |
Income taxes | $ | 1,064 |  |  | $ | 716 |  |  | $ | 591 |
Interest and other income, net includes the following:
(Stated in millions) |
| 2023 |  |  | 2022 |  |  | 2021 |
Earnings of equity method investments | $ | 206 |  |  | $ | 164 |  |  | $ | 40 |
Interest income |  | 100 |  |  |  | 99 |  |  |  | 33 |
Gain on sale of Liberty shares * |  | 36 |  |  |  | 325 |  |  |  | 28 |
Loss on Blue Chip Swap transactions * |  | - |  |  |  | (139 | ) |  |  | - |
Gain on ADC equity investment * |  | - |  |  |  | 107 |  |  |  | - |
Gain on sale of real estate * |  | - |  |  |  | 43 |  |  |  | - |
Gain on repurchase of bonds * |  | - |  |  |  | 11 |  |  |  | - |
Unrealized gain on marketable securities * |  | - |  |  |  | - |  |  |  | 47 |
| $ | 342 |  |  | $ | 610 |  |  | $ | 148 |
* See Note 3 – Charges and Credits The components of depreciation and amortization expense were as follows:
(Stated in millions) |
| 2023 |  |  | 2022 |  |  | 2021 |
Depreciation of fixed assets | $ | 1,445 |  |  | $ | 1,368 |  |  | $ | 1,402 |
Amortization of APS investments |  | 410 |  |  |  | 368 |  |  |  | 305 |
Amortization of intangible assets |  | 314 |  |  |  | 301 |  |  |  | 302 |
Amortization of exploration data costs |  | 143 |  |  |  | 110 |  |  |  | 111 |
| $ | 2,312 |  |  | $ | 2,147 |  |  | $ | 2,120 |
The change in Allowance for doubtful accounts was as follows:
(Stated in millions) |
| 2023 |  |  | 2022 |  |  | 2021 |
Balance at beginning of year | $ | 340 |  |  | $ | 319 |  |  | $ | 301 |
Additions |  | 18 |  |  |  | 54 |  |  |  | 47 |
Amounts written off |  | (21 | ) |  |  | (33 | ) |  |  | (29 | )
Balance at end of year | $ | 337 |  |  | $ | 340 |  |  | $ | 319 |
Revenue in excess of billings related to contracts where revenue is recognized over time was $0.4 billion at December 31, 2023 and $0.3 billion at December 31, 2022. Such amounts are included within Receivables less allowance for doubtful accounts in the Consolidated Balance Sheet. Other Assets consist of the following:
(Stated in millions) |
| 2023 |  |  | 2022 |
Investments in APS projects | $ | 2,111 |  |  | $ | 2,023 |
Pension and other postretirement plan assets |  | 629 |  |  |  | 904 |
Operating lease assets |  | 718 |  |  |  | 538 |
Exploration data costs capitalized |  | 151 |  |  |  | 141 |
Fair value of hedge contracts |  | 65 |  |  |  | 1 |
Other |  | 378 |  |  |  | 363 |
| $ | 4,052 |  |  | $ | 3,970 |
Accounts payable and accrued liabilities consist of the following:
(Stated in millions) |
| 2023 |  |  | 2022 |
Trade | $ | 4,613 |  |  | $ | 3,921 |
Payroll, vacation and employee benefits |  | 1,625 |  |  |  | 1,493 |
Billings and cash collections in excess of revenue |  | 1,996 |  |  |  | 1,157 |
Other |  | 2,670 |  |  |  | 2,550 |
| $ | 10,904 |  |  | $ | 9,121 |

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