Cincinnati Bell 2014 Annual Report Download - page 107
Download and view the complete annual report
Please find page 107 of the 2014 Cincinnati Bell annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
 |
 |
Table of Contents
Form 10-K Part II
Cincinnati Bell Inc.
For the year ended December 31, 2014, the changes in accumulated other comprehensive loss by component were as follows:
Balance as of December 31, 2013 $ (133.1)
$ (0.2)
$ (133.3)
Foreign currency loss —
(0.1)
(0.1)
Remeasurement of benefit obligations (45.4)
—
(45.4)
Reclassifications, net 4.9 (a) —
4.9
Balance as of December 31, 2014 $ (173.6)
$ (0.3)
$ (173.9)
(a) These reclassifications are included in the components of net period pension and postretirement benefit costs (see Note 11 for additional details).
The components of net period pension and postretirement benefit cost are reported within "Cost of services", "Cost of products sold", and
"Selling, general and administrative" expenses on the Consolidated Statements of Operations.
Income tax expense consisted of the following:
Current:
Federal $ 8.0
$ —
$ 1.8
State and local 1.6
—
1.6
Total current 9.6
—
3.4
Investment tax credits (0.2)
(0.2)
(0.3)
Deferred:
Federal 48.4
(13.0)
21.8
State and local 0.7
(3.7)
2.0
Foreign —
0.3
(0.5)
Total deferred 49.1
(16.4)
23.3
Valuation allowance (1.1)
14.1
(1.7)
Total $ 57.4
$ (2.5)
$ 24.7
106