Sprint - Nextel 2006 Annual Report Download - page 123

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The following table illustrates the effect of applying SFAS No. 158 on individual line items in our
consolidated balance sheet as of December 31, 2006:
Prior to
Adoption of
SFAS No. 158 Adjustments
Post
Adoption of
SFAS No. 158
Prior to
Adoption of
SFAS No. 158 Adjustments
Post
Adoption of
SFAS No. 158
Pension Plan Postretirement Benefit Plan
As of December 31, 2006
(in millions)
Pension and other
postretirement benefit
obligations . . . . . . . . . . $ 119 $ — $ 119
(1)
$ 81 $(6) $75
(1)
Accumulated other
comprehensive income
(loss) before taxes . . . . . $(264) $ — $(264)
(2)
$— $6 $6
(2)
Deferred tax assets
(liabilities) . . . . . . . . . . 100 — 100 — (2) (2)
Accumulated other
comprehensive income
(loss) . . . . . . . . . . . . . . $(164) $ — $(164)
(3)
$— $4 $4
(3)
(1) The pension and other postretirement benefit obligations, coupled with a postemployment obligation of
$50 million (not included in the table above), totals $244 million, which is reflected in our 2006 consoli-
dated balance sheet.
(2) The $(264) million accumulated other comprehensive loss before taxes amount includes $(265) million in
unrecognized net actuarial loss offset by $1 million in unamortized prior service benefit. The $6 million
accumulated other comprehensive income before taxes amount includes $(16) million in unrecognized net
actuarial loss offset by $22 million in unamortized prior service benefit.
(3) The accumulated other comprehensive loss, coupled with a non-qualified benefit plan obligation of $13 mil-
lion (not included in the table above), totals $173 million, which is reflected in note 16.
Amortization expense expected to be recognized during 2007:
Pension Plan
Postretirement
Benefit Plan
(in thousands)
Amortization of prior service benefit.................................. $ (108) $(3)
Amortization of net actuarial loss .................................... 10,402 1
Total amortization expense ......................................... $10,294 $(2)
F-46
SPRINT NEXTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)