| Notes to Consolidated Financial Statements |
Becton, Dickinson and Company
|
11 Other Comprehensive Income (Loss)
The components of Accumulated other comprehensive loss were as follows:
| |
2006 |
2005 |
|
| Foreign currency translation adjustments |
$ |
(13,017 |
) |
$ |
(90,413 |
) |
| Minimum pension liability adjustment |
|
(12,059 |
) |
|
(89,145 |
) |
| Unrealized gains on investments |
|
10,063 |
|
|
8,851 |
|
| Unrealized losses on cash flow hedges |
|
(13,795 |
) |
|
(12,488 |
) |
|
| |
$ |
(28,808 |
) |
$ |
(183,195 |
) |
|
The income tax provision (benefit) recorded in fiscal years 2006 and 2005 for the unrealized gains on investments were $743 and $(631), respectively. The income tax benefit recorded in fiscal years 2006 and 2005 for cash flow hedges were $800 and $426, respectively. The income tax provision recorded in fiscal years 2006 and 2005 for the minimum pension liability adjustment were $47,259 and $2,139, respectively. Income taxes are generally not provided for translation adjustments.
The unrealized losses on cash flow hedges included in other comprehensive income (loss) for 2006 and 2005 are net of reclassification adjustments of $2,645 and $11,880, net of tax, respectively, for realized net hedge losses recorded to revenues. These amounts had been included in Accumulated other comprehensive loss in prior periods. The tax benefits associated with these reclassification adjustments in 2006 and 2005 were $1,621 and $7,282, respectively.
|
