BEC » Topics » Postemployment Benefits

This excerpt taken from the BEC 10-K filed Feb 23, 2009.

Postemployment Benefits

Pursuant to SFAS 112 “Employers’ Accounting for Postemployment Benefits,” we recognize an obligation for certain benefits awarded to individuals after employment but before retirement. During 2008, 2007 and 2006, we recorded charges of $1.6 million,

 

 

72   BEC 2008 FORM 10-K


Table of Contents

Notes to Consolidated Financial Statements (Continued)

(tabular dollar amounts in millions, except amounts per share)

 

$3.7 million and $2.7 million, respectively, associated with our postemployment obligations. Excluded from these amounts are obligations arising from our restructuring activities. See Note 5 “Restructuring Activities and Asset Impairment Charges” for further details.

This excerpt taken from the BEC 10-K filed Feb 29, 2008.

Postemployment Benefits

Pursuant to SFAS 112 “Employers’ Accounting for Postemployment Benefits,” we recognize an obligation for certain benefits awarded to individuals after employment but before retirement. During 2007, 2006 and 2005, we recorded charges of $3.7 million, $2.7 million and $7.8 million, respectively, associated with our postemployment obligations. Excluded from these amounts are obligations arising from our restructuring activities. See Note 4 “Restructuring Activities and Asset Impairment Charges” for further details.

 

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Table of Contents

Notes to Consolidated Financial Statements (Continued)

(tabular dollar amounts in millions, except amounts per share)

 

This excerpt taken from the BEC 10-K filed Feb 26, 2007.

Postemployment Benefits

Pursuant to SFAS No. 112 “Employers Accounting for Post Employment Benefits,” the Company recognizes an obligation for certain benefits awarded to individuals after employment but before retirement. During 2006, 2005 and 2004, the Company recorded charges of $2.7 million, $7.8 million and $4.5 million, respectively, associated with its post employment obligations. Excluded from these amounts are obligations arising from restructuring activities. See Note 4 “Restructuring Activities and Asset Impairment Charges” for a discussion of the $10.5 million and $34.8 million restructure charges recorded in 2006 and 2005, respectively.

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