2013 | 2012 | ||||||
Payroll and related taxes | $ | 133,395 | $ | 132,024 | |||
Customer advances | 47,457 | 47,583 | |||||
Benefits | 16,091 | 19,594 | |||||
Interest payable | 8,024 | 20,441 | |||||
Environmental remediation (a) | 2,986 | 2,631 | |||||
Deferred income taxes (d) | 1,718 | 1,052 | |||||
Other | 103,158 | 157,141 | |||||
$ | 312,829 | $ | 380,466 | ||||
2013 | 2012 | ||||||
Retirement benefits (b) | $ | 231,200 | $ | 279,610 | |||
Interest payable – non-current (d) | 6,524 | 7,861 | |||||
Deferred revenue (c) | 3,051 | 5,205 | |||||
Environmental remediation (a) | 15,340 | 9,737 | |||||
Other | 32,011 | 22,046 | |||||
$ | 288,126 | $ | 324,459 | ||||
(a) | For further discussion regarding environmental remediation liabilities refer to Note 14, Contingencies and Commitments. |
(b) | For discussion regarding retirement benefits refer to Note 13, Pension and Profit Sharing Plans and Arrangements. |
(c) | On December 16, 2005, the Company sold the rights to its Americas commercial aerospace aftermarket distribution channel for the Company’s products for a ten-year period to Satair. The proceeds received for the distribution rights were recorded as deferred revenue and are being amortized as an increase to sales over the life of the distribution agreement. |
(d) | See Note 11, Income Taxes, for further discussion. |