Consolidated Financial Statements
Consolidated Statements of Comprehensive Income (Loss)
| |
|
Years Ended December 31, |
| (In millions) |
|
2003 |
2002 |
2001 |
|
Net Income |
$ |
29.4 |
26.1 |
16.6 |
Other comprehensive income (loss) |
|
|
|
|
| Minimum pension liability adjustments: |
|
|
|
|
| Adjustments to minimum pension liability |
|
27.1 |
(210.8) |
(9.9) |
| Tax benefit (expense) related to minimum pension
liability adjustment |
|
(12.0) |
80.1 |
3.4 |
| Minimum pension liability adjustments, net of tax |
|
15.1 |
(130.7) |
(6.5) |
Foreign currency: |
|
|
|
|
| Translation adjustments |
|
47.0 |
8.1 |
(28.4) |
| Reclassification adjustment for losses included
in net income |
|
0.9 |
- |
0.5 |
| Foreign currency translation adjustments |
|
47.9 |
8.1 |
(27.9) |
Cash flow hedges: |
|
|
|
|
| Unrealized net gains (losses) on cash flow hedges |
|
2.4 |
(4.2) |
2.4 |
| Tax benefit (expense) related to unrealized net
gains (losses) on cash flow hedges |
|
(0.7) |
1.3 |
(1.0) |
| Reclassification adjustment for net losses realized
in net income |
|
5.2 |
3.5 |
3.9 |
| Tax benefit related to net losses realized in net income |
|
(1.6) |
(1.1) |
(1.4) |
| Unrealized net gains (losses) on cash flow hedges,
net of tax |
|
5.3 |
(0.5) |
3.9 |
Marketable securities: |
|
|
|
|
| Unrealized net gains on marketable securities |
|
4.4 |
0.6 |
3.5 |
| Tax expense related to unrealized net gains on marketable securities |
|
(1.5) |
(0.2) |
(1.2) |
| Reclassification adjustments for net losses (gains) realized in net income |
|
0.2 |
(0.8) |
(4.0) |
| Tax expense (benefit) related to net losses (gains)
realized in net income |
|
(0.1) |
0.2 |
1.4 |
| Unrealized net gains (losses) on marketable securities,
net of tax |
|
3.0 |
(0.2) |
(0.3) |
Other comprehensive income (loss)
|
|
71.3 |
(123.3) |
(30.8) |
Comprehensive income (loss)
|
$ |
100.7 |
(97.2) |
(14.2) |
See accompanying notes to consolidated financial statements.
|
