ManpowerGroup 2006 Annual Report Download - page 62

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Manpower฀2006฀Annual฀Report
58
NOT ES฀TO฀CONSOLID AT ED฀FINA NCIAL ฀S TATEMENT S฀
in฀million s,฀except฀per฀sha re฀data
Notes฀to฀Consolidated฀Financial฀Statements฀
10.
ACC UMULATED฀OTHER ฀C OMPRE HENSIVE฀INCOME฀(LOS S)
The฀components฀of฀Accumulated฀Other฀Comprehensive฀Income฀(Loss),฀net฀of฀tax,฀are฀as฀follows:
December฀31 2006 2005 2004
Foreign฀currency฀translation $฀ 147.6 $฀ 15.8 $฀ 133.6
Unrealized฀gain฀on฀investments 8.9 6.9 4.7
Unrealized฀loss฀on฀derivatives (4.8) (8.4) (11.4)
Defined฀benefit฀pension฀plans฀(Note฀9) (34.0) (23.8) (15.9)
Retiree฀health฀care฀plan฀(Note฀9) 2.9 (1.5) (1.6)
$฀ 120.6 $฀ (11.0) $฀ 109.4
11.
LEA SES
We฀lease฀property฀and฀equipment฀primarily฀under฀operating฀leases.฀Renewal฀options฀exist฀for฀substantially฀all฀leases.฀Future฀
minimum฀payments,฀by฀year฀and฀in฀the฀aggregate,฀under฀noncancelable฀operating฀leases฀with฀any฀remaining฀terms฀consist฀of฀
the฀following฀as฀of฀December฀31,฀2006:
Year
2007 $฀ 180.8
2008 144.7
2009 113.3
2010 78.8
2011 71.9
Thereafter ฀ 137.0
฀ Total฀minimum฀lease฀payments $฀ 726.5
Rental฀expense฀for฀all฀operating฀leases฀was฀$217.5,฀$213.1฀and฀$215.5฀for฀the฀years฀ended฀December฀31,฀2006,฀2005฀and฀
2004,฀respectively.
12.
INT EREST ฀A ND฀OTHE R฀E XPENSE
Interest฀and฀Other฀Expense฀consists฀of฀the฀following:
Year฀Ended฀December฀31 2006 2005 2004
Interest฀expense $฀ 54.1 $฀ 46.7 $฀ 45.3
Interest฀income (18.3) (9.8) (9.4)
Foreign฀exchange฀losses฀(gains)฀ 3.2 — (1.6)
Miscellaneous฀expense฀(income),฀net 11.2 4.9 (8.1)
฀ Interest฀and฀other฀expense $฀ 50.2 $฀ 41.8 $฀ 26.2
Miscellaneous฀Expense฀(Income),฀Net฀in฀2004,฀includes฀non-operating฀gains฀of฀$14.2,฀primarily฀related฀to฀the฀sale฀of฀our฀equity฀
interest฀in฀a฀European฀internet฀job฀board.