2005 Financial Review

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


Note 10 - Accrued Liabilities

       
  December 31,
(In millions)   2005 2004
Payroll and other employee liabilities $ 103.2 135.9
Taxes   92.4 111.5
Postretirement benefits other than pensions (see note 4)   56.4 52.9
Aircraft lease turnback obligations (a)   - 52.2
Withdrawal obligation for coal related multi-employer pension plan (see note 4)   30.5 36.6
Workers’ compensation and other claims   31.9 37.6
Other   140.2 185.8
Accrued liabilities (b) $ 454.6 612.5
(a)
Aircraft lease turnback obligations represent amounts estimated to be paid related to heavy maintenance upon the expiration of aircraft lease agreements. 
(b)
Includes $167.7 million in 2004 related to BAX Global.