Travelers 2006 Annual Report Download - page 224

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
212
12. PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS (Continued)
The incremental effects of applying FAS 158 on individual line items of the Company’s balance sheet
at December 31, 2006 were as follows:
(in millions)
Before
Application of
FAS 158 Adjustments
After
Application of
FAS 158
Deferred tax asset........................................ $ 1,493 $ 43 $1,536
Other assets............................................. 2,742 (155 ) 2,587
Total assets............................................. 113,873 (112 ) 113,761
Other liabilities.......................................... 6,674 (32 ) 6,642
Total liabilities.......................................... 88,658 (32 ) 88,626
Accumulated other changes in equity from nonowner sources .532 (80 ) 452
Total shareholders’equity................................ 25,215 (80 ) 25,135
Obligations and Funded Status
The following tables summarize thefundedstatus, obligations and amounts recognized in the
consolidated balance sheet for the Company’s benefit plans. The Company uses a December 31
measurement date for its pension andpostretirement benefit plans.