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Interest Expense Including Real Estate and interest expense reported in discontinued operations, our interest expense incurred for the last three years was: • $649 million in 2007; • $670 million in 2006; and • $794 million in 2005. The decrease in our interest expense incurred is primarily due to reductions in our amount of outstanding debt of approximately: • $846 million in 2007; • $401 million in 2006; and • $2.0 billion in 2005. Our interest expense incurred included the following pretax charges for the early retirement of debt: • $45 million in 2007; and • $32 million in 2005. Excluding these charges, our interest expense incurred decreased: • $66 million in 2007; • $88 million in 2006; and • $108 million in 2005. |