This excerpt taken from the HBI 10-Q filed Nov 13, 2006.
Measurement Date and Assumptions
Historically, a March 31 measurement date was used to value plan assets and obligations for the Companys defined benefit pension plans. In connection with the spin off on September 5, 2006, a measurement date of September 5, 2006 was used to value plan assets and obligations reported for the postretirement healthcare and life insurance plans. The weighted average actuarial assumptions used in measuring the net periodic benefit cost and plan obligations for these plans at the measurement date were as follows: discount rate of 5.82% for plan obligations and net periodic benefit cost; and long term rate of return on plan assets of 3.70%.