Windstream 2010 Annual Report Download - page 167

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
11. Comprehensive Income:
Comprehensive income was as follows for the years ended December 31:
(Millions) 2010 2009 2008
Net income $ 310.7 $ 334.5 $ 412.7
Other comprehensive income (loss):
Defined benefit pension plans:
Prior service cost arising during the period - - (0.2)
Net actuarial gain (loss) arising during the period (39.6) 44.5 (394.9)
Amounts included in net periodic benefit cost:
Amortization of net actuarial loss 45.8 71.1 6.1
Amortization of prior service credit (0.1) (0.2) (0.1)
Income tax benefit (expense) (3.3) (44.3) 148.0
Change in pension plan 2.8 71.1 (241.1)
Postretirement plan:
Transition asset arising during the period - - 3.5
Prior service credit arising during the period 1.5 54.8 48.6
Net actuarial gain (loss) arising during the period (13.0) 11.0 8.8
Amounts included in net periodic benefit cost:
Amortization of transition obligation - - 0.5
Amortization of net actuarial loss 0.6 - 1.1
Amortization of prior service cost (8.3) (3.2) 0.2
Income tax expense 2.9 (25.8) (16.1)
Change in postretirement plan (16.3) 36.8 46.6
Change in employee benefit plans (13.5) 107.9 (194.5)
Interest rate swaps:
Unrealized holding gain (loss) on designated interest rate swaps 3.1 33.6 (63.8)
Amortization and reclassification of losses included in earnings
on dedesignated swap instruments 4.9 - -
Income tax (expense) benefit (3.1) (13.2) 24.7
Unrealized holding gains (losses) on interest rate swaps 4.9 20.4 (39.1)
Comprehensive income $ 302.1 $ 462.8 $ 179.1
Accumulated other comprehensive loss balances, net of tax, were as follows for the years ended
December 31:
(Millions) 2010 2009 2008
Pension and postretirement plans $ (153.9) $ (140.4) $ (248.3)
Unrealized holding losses on interest rate swaps
Designated portion 3.5 (66.5) (86.9)
Undesignated portion (66.5) (1.4) (1.4)
Accumulated other comprehensive loss $ (216.9) $ (208.3) $ (336.6)
F-67