Video| Swings in Income from Continuing Operations Percentage change in adjusted ICO if recorded at fair value. (%) |
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| Company name* | 2006 | 2005 | 2004 | 2003 | 2002 |
| 3M | 10.7 | -2.8 | 6.5 | -15.3 | -77.6 |
| Alcoa | 9.8 | -1.2 | -11.3 | -13.9 | -306.4 |
| Altria Group | 7.4 | -3.5 | -10.9 | -4.0 | -24.0 |
| Boeing | 67.8 | -54.5 | 14.1 | -131.1 | -277.1 |
| Caterpillar | 11.3 | -30.9 | -0.2 | -60.5 | -171.0 |
| Citigroup | 1.7 | 1.1 | -3.5 | -0.9 | -10.0 |
| Dupont EI de Nemours | 30.8 | 11.0 | -18.0 | -34.3 | -124.5 |
| Johnson & Johnson | 1.0 | -1.3 | -4.2 | -6.4 | -18.4 |
| JP Morgan Chase | -0.6 | -0.8 | -3.3 | -0.5 | -57.0 |
| Merck & Co. | 10.6 | 0.9 | 1.5 | -1.2 | -12.9 |
| United Technologies | 19.8 | 0.2 | -2.8 | -7.4 | -74.0 |
| Verizon Communications | 56.3 | 9.1 | 34.2 | -53.8 | -183.0 |
| *Sampling of Dow 30 companies. Source: "The Effects of Enacted and Proposed Pension Accounting Changes on Leverage, Profitability and EArning Volatility," 2008, Georgia Institute of Technology. |
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New Pension Accounting: Volatility City?
(continued)
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Reader CommentsDisplaying 3 of 3
Daniel Moore
Mar 27, 2008 11:04 AM ET
My point about liabilities
Liabilities were included, but apparently under the assumption that there will be no change in how to calculate the … more
Charles Mulford
Mar 27, 2008 8:36 AM ET
Fair Value of Pension Obligations Included
We appreciate the opportunity to clarify how our study on pensions was conducted. We recalculated pension expense … more
Daniel Moore
Mar 27, 2008 7:39 AM ET
Mulford study half-baked
The Mulford study, essentially an update of the 2002 Credit Suisse 'The Magic of Pension Accounting' got some things … more
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