AT&T to record $1 billion charge after lowering discount rates for pension obligations
AT&T Inc. disclosed Friday that it expects to record a $1 billion fourth-quarter non-cash charge following a remeasurement of its pension and postemployment benefit plans. The telecom giant said a $3 billion loss was generated after it lowered on Dec. 31 the assumed discount rates for pension obligations to 4.4% from 4.6% and for postretirement obligations to 4.3% from 4.5%. The loss was largely offset by gains related to a "better than assumed claims experience," higher-than-expected asset returns and changes in demographics... Читать дальше...