PBI » Topics » Accumulated Other Comprehensive (Loss) Income

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

2008

 

2007

 

2006

 

 

 


 


 


 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments (1)

 

$

35,800

 

$

341,252

 

$

176,524

 

Net unrealized loss on derivatives

 

 

(18,952

)

 

(282

)

 

(3,083

)

Net unrealized gain on investment securities

 

 

932

 

 

352

 

 

 

Amortization of pension and postretirement costs

 

 

36,261

 

 

22,172

 

 

 

Net unamortized loss on pension and postretirement plans (2)

 

 

(650,382

)

 

(274,838

)

 

(305,185

)

 

 



 



 



 

Accumulated other comprehensive (loss) income

 

$

(596,341

)

$

88,656

 

$

(131,744

)

 

 



 



 



 

(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.

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