Внимание:
выполненные переводы направляются на наш электронный адрес info@optp.ru
с указанием темы "тестовый перевод". Кроме того, просим указать в письме ваше
имя и контактную информацию. Наиболее удобный формат предоставления тестового
перевода: две колонки в Microsoft Word. Здесь вы
можете скачать готовую форму: скачать.
__________________
The decrease in 2003 interest expense
reflects a reduction in average debt outstanding throughout the year and a
reduction in interest rates on the unhedged portion of long-term debt during the
first half of the year, offset by an increase in interest rates with the sale of
$200 million of 8.25% Senior Subordinated Notes, priced to yield 8.5
percent, at the end of the second quarter of 2003.
Income Taxes
The effective tax rate was a 56.1 percent benefit in 2003 versus a 36.5 percent
provision in 2002. The effective tax rate was a 38.4 percent provision in 2001.
Our effective tax rate benefit for the year 2003 was driven primarily by the tax
impact of foreign
operations conducted in jurisdictions with tax rates lower than the U.S.
statutory rate, the benefit of jurisdictional tax credits, and the on-going
implementation of tax efficient business initiatives.
