This excerpt taken from the C 8-K filed Jan 23, 2009.
(Statement continues on next page)
Statement of Changes in Stockholders Equity (Continued)
(1) The adjustment to opening balance for Retained earnings represents the total of the after-tax gain (loss) amounts for the adoption of the following accounting pronouncements:
· SFAS 157 for $9 million,
· SFAS 159 for $15 million,
· FSP 13-2 for $(142) million, and
· FIN 48 for $22 million.
See Notes 1 and 26 on pages 10 and 69, respectively.
(2) The after-tax adjustment to the opening balance of Accumulated other comprehensive income (loss) represents the reclassification of the unrealized gains (losses) related to several miscellaneous items previously reported in accordance with SFAS 115. The related unrealized gains and losses were reclassified to retained earnings upon the adoption of the fair value option in accordance with SFAS 159. See Notes 1 and 26 on pages 9 and 68 for further discussions.