First Data 2007 Annual Report Download - page 214

Chase Paymentech
NOTES TO COMBINED FINANCIAL STATEMENTS – CONTINUED
For the years ended December 31, 2007 and 2006 and
the year ended December 31, 2005 (unaudited)
LLC's
All of the Company's LLCs are governed by Limited Liability Company Agreements, by and among their respective owner(s) (the Members). All
membership interests in the LLCs are of a single class and have the same rights and privileges. Certain of the Members of Chase Paymentech Solutions, LLC
have the right to elect the LLC's managers.
Partnership
JPMorgan Chase and FDC partnership interests in Chase Paymentech Solutions are of a single class and have the same rights and privileges.
Other Comprehensive Income
The cumulative balance of each component of other comprehensive income, and associated income tax effects, are as follows (in thousands):
Beginning
balance
Pretax
gain (loss)
amount
Tax benefit
(expense)
Ending
balance
December 31, 2005
Net unrealized gains (losses) on investments $ (1,944) $ 1,123 $ 10 $ (811)
Cash flow hedges (26) 31 — 5
Foreign currency translation adjustment 25,360 3,037 — 28,397
Minimum pension liability adjustment (2,032) (432) 152 (2,312)
$ 21,358 $ 3,759 $ 162 $ 25,279
December 31, 2006
Net unrealized gains (losses) on investments $ (811) $ 224 $ (15) $ (602)
Cash flow hedges 5 (5) — —
Foreign currency translation adjustment 28,397 (1,826) — 26,571
Minimum pension liability adjustment (2,312) 194 (89) (2,207)
Adjustment to initially apply SFAS 158 — (28) 10 (18)
$ 25,279 $ (1,441) $ (94) $ 23,744
December 31, 2007
Net unrealized gains (losses) on investments $ (602) $ 1,082 $ (18) $ 462
Foreign currency translation adjustment 26,571 38,184 — 64,755
Pension and SERP liability adjustments (2,225) (250) 126 (2,349)
$ 23,744 $ 39,016 $ 108 $ 62,868
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