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PBG » Topics » SFAS No. 158

These excerpts taken from the PBG 10-K filed Feb 27, 2008.
SFAS No. 158
In September 2006, the FASB issued SFAS No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans” (“SFAS 158”). Effective December 30, 2006, the Company adopted the balance sheet recognition provision of this standard and accordingly recognized the funded status of each of the pension, postretirement plans, and other similar plans we sponsor. Effective for fiscal year ending 2008, the standard also requires the measurement date for PBG sponsored plan assets and liabilities to coincide with our fiscal year-end. SFAS 158 provides two transition alternatives related to the change in measurement date provisions. We will adopt the measurement date provisions of SFAS 158 on the first day of fiscal year 2008 and will use the “two-measurement” approach. We are currently evaluating the impact of the

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measurement date provision of the standard on our Consolidated Financial Statements.
 
SFAS No. 158





In September 2006, the FASB issued SFAS No. 158,
“Employers’ Accounting for Defined Benefit Pension and
Other Postretirement Plans” (“SFAS 158”).
Effective December 30, 2006, the Company adopted the
balance sheet recognition provision of this standard and
accordingly recognized the funded status of each of the pension,
postretirement plans, and other similar plans we sponsor.
Effective for fiscal year ending 2008, the standard also
requires the measurement date for PBG sponsored plan assets and
liabilities to coincide with our fiscal year-end. SFAS 158
provides two transition alternatives related to the change in
measurement date provisions. We will adopt the measurement date
provisions of SFAS 158 on the first day of fiscal year 2008
and will use the “two-measurement” approach. We are
currently evaluating the impact of the




40





Table of Contents












measurement date provision of the standard on our Consolidated
Financial Statements.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2008

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