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Supplementary Information | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Supplementary Information | 18. Supplementary Information Cash paid for interest and income taxes was as follows:
(Stated in millions) |
| 2024 |  |  | 2023 |  |  | 2022 |
Interest | $ | 510 |  |  | $ | 503 |  |  | $ | 562 |
Income taxes | $ | 1,140 |  |  | $ | 1,064 |  |  | $ | 716 |
Interest and other income, net includes the following:
(Stated in millions) |
| 2024 |  |  | 2023 |  |  | 2022 |
Earnings of equity method investments | $ | 182 |  |  | $ | 206 |  |  | $ | 164 |
Interest income |  | 174 |  |  |  | 100 |  |  |  | 99 |
Gain on sale of investment * |  | 24 |  |  |  | - |  |  |  | - |
Gain on sale of Liberty shares * |  | - |  |  |  | 36 |  |  |  | 325 |
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 |
| $ | 380 |  |  | $ | 342 |  |  | $ | 610 |
* See Note 3 – Charges and Credits The components of depreciation and amortization expense were as follows:
(Stated in millions)
| 2024 |  | 2023 |  | 2022
Depreciation of fixed assets | $1,551 |  | $1,445 |  | $1,368
Amortization of APS investments | 481 |  | 410 |  | 368
Amortization of intangible assets | 334 |  | 314 |  | 301
Amortization of exploration data costs | 153 |  | 143 |  | 110
| $2,519 |  | $2,312 |  | $2,147
The change in Allowance for doubtful accounts was as follows:
(Stated in millions) |
| 2024 |  |  | 2023 |  |  | 2022 |
Balance at beginning of year | $ | 337 |  |  | $ | 340 |  |  | $ | 319 |
Additions |  | 6 |  |  |  | 18 |  |  |  | 54 |
Amounts written off |  | (18 | ) |  |  | (21 | ) |  |  | (33 | )
Balance at end of year | $ | 325 |  |  | $ | 337 |  |  | $ | 340 |
Revenue in excess of billings related to contracts where revenue is recognized over time was $0.5 billion at December 31, 2024 and $0.4 billion at December 31, 2023. 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) |
| 2024 |  |  | 2023 |
Investments in APS projects | $ | 2,083 |  |  | $ | 2,111 |
Pension and other postretirement plan assets |  | 472 |  |  |  | 629 |
Operating lease assets |  | 702 |  |  |  | 718 |
Exploration data costs capitalized |  | 196 |  |  |  | 151 |
Fair value of hedge contracts |  | 14 |  |  |  | 65 |
Other |  | 299 |  |  |  | 378 |
| $ | 3,766 |  |  | $ | 4,052 |
Accounts payable and accrued liabilities consist of the following:
(Stated in millions) |
| 2024 |  |  | 2023 |
Trade | $ | 4,230 |  |  | $ | 4,613 |
Payroll, vacation, and employee benefits |  | 1,475 |  |  |  | 1,625 |
Billings and cash collections in excess of revenue |  | 2,007 |  |  |  | 1,996 |
Other |  | 2,663 |  |  |  | 2,670 |
| $ | 10,375 |  |  | $ | 10,904 |

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