This excerpt taken from the CEG 10-K filed Feb 27, 2007.
Defined Benefit Obligations
We expect to contribute $125 million to our pension plans in 2007.
At December 31, 2006, we recorded a net after-tax charge to Accumulated other comprehensive income of $93.9 million. This net after-tax charge was a result of the following:
¨ reducing our additional minimum pension liability, which resulted in an increase to Accumulated other comprehensive income of $75.6 million, and
¨ the adoption of SFAS No. 158, Employers Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of FASB Statements No. 87, 106 and 132(R), which resulted in a decrease to Accumulated other comprehensive income of $169.5 million.
SFAS No. 158, discussed in Note 1, creates the potential for additional volatility in accumulated other comprehensive income. We discuss our defined benefit obligations in more detail in Note 7.