This excerpt taken from the CL 10-K filed Feb 27, 2009.
In addition, net tax benefits of $290.8 in 2008, $49.6 in 2007 and $258.0 in 2006 recorded directly through equity predominantly include tax benefits related to employee equity compensation and benefit plans.
The Company adopted the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income TaxesAn Interpretation of FASB Statement No. 109 (FIN 48), on January 1, 2007. As a result of the implementation of FIN 48, the Company recognized a $4.0 increase in the liability for unrecognized tax benefits which, as required, was accounted for as a reduction to the January 1, 2007 balance of Retained earnings.
Notes to Consolidated Financial Statements(continued)
(Dollars in Millions Except Per Share Amounts)