This excerpt taken from the PBI 10-K filed Feb 26, 2009.
Accumulated Other Comprehensive (Loss) Income
The components of accumulated other comprehensive (loss) income are as follow:
(1) Includes net deferred translation gains of $41.7 million and $47.6 million for the years ended December 31, 2008 and 2007, respectively. These amounts are associated with inter-company loans denominated in a foreign currency that have been designated as a hedge of net investment.
(2) Includes a charge of $297.2 million for the initial adoption of FAS 158 in 2006.