Sprint - Nextel 2006 Annual Report Download - page 127
Download and view the complete annual report
Please find page 127 of the 2006 Sprint - Nextel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138
-
139
-
140
 |
 |
Income tax expense (benefit) allocated to other items was as follows:
2006 2005 2004
Year Ended December 31,
(in millions)
Discontinued operations ............................................... $234 $635 $647
Cumulative effect of change in accounting principle .......................... — (10) —
Unrecognized net periodic pension and postretirement benefit cost
(1)
.............. (4) (39) (17)
Unrealized (losses) gains on securities
(1)
................................... (48) 27 2
Unrealized (losses) gains on qualifying cash flow hedges
(1)
..................... 5 7 1
Stock ownership, purchase and option arrangements
(2)
........................ (1) (38) (25)
Cumulative effect of adoption of SAB No. 108 — leases
(3)
..................... (31) — —
Goodwill, reduction of valuation allowance on acquired assets .................. (68) (18) —
(1) These amounts have been recorded directly to shareholders’ equity — accumulated other comprehensive
loss on the consolidated balance sheets.
(2) These amounts have been recorded directly to shareholders’ equity — paid-in capital on the consolidated
balance sheets.
(3) This amount has been recorded directly to shareholders’ equity — retained earnings on the consolidated
balance sheet.
We recognize deferred income taxes for the temporary differences between the carrying amounts of our assets
and liabilities for financial statement purposes and their tax bases. Deferred tax assets are also recorded for
operating loss, capital loss and tax credit carryforwards. The sources of the differences that give rise to the
F-50
SPRINT NEXTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)