E-Z-GO 2010 Annual Report Download - page 79

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67
Accumulated Other Comprehensive Loss
The after-tax components of accumulated other comprehensive loss are presented below:
(In millions)
Foreign
Currency
Translation
Adjustment
Pension
and
Postretirement
Benefits
Adjustments
Deferred
Gains (Losses)
on Hedge
Contracts
Total
Balance at December 29, 2007
$ 182
$ (625)
$ 43
$ (400)
Other comprehensive loss
(195)
(803)
(73)
(1,071)
Reclassification due to sale of Fluid & Power
2
33
—
35
Other reclassification adjustments
—
31
(17)
14
Balance at January 3, 2009
(11)
(1,364)
(47)
(1,422)
Other comprehensive income (loss)
23
(25)
67
65
Pension curtailment
—
15
—
15
Reclassification adjustments
(2)
20
3
21
Balance at January 2, 2010
10
(1,354)
23
(1,321)
Other comprehensive income (loss)
(2)
(112)
14
(100)
Recognition of foreign currency translation loss (see Note 11)
74
—
—
74
Other reclassification adjustments
—
41
(10)
31
Balance at January 1, 2011
$ 82
$ (1,425)
$ 27
$ (1,316)
Note 11. Special Charges
Special charges included restructuring charges of $99 million, $237 million and $64 million in 2010, 2009 and 2008, respectively. In
2010, special charges also included a $91 million non-cash pre-tax charge to reclassify a foreign exchange loss from equity to the
income statement as a result of substantially liquidating a Canadian Finance entity. In 2009, special charges also included a goodwill
impairment charge of $80 million in the Industrial segment. In 2008, special charges also included an initial mark-to-market
adjustment of $293 million that was made when we classified certain finance receivables from held for investment to held for sale in
connection with our decision to sell the non-captive portion of our Finance business, along with a goodwill impairment charge of
$169 million in the Finance segment.
Special charges by segment are as follows:
Restructuring Program
(In millions)
Severance
Costs
Curtailment
Charges, Net
Asset
Impairments
Contract
Terminations
Total
Restructuring
Other
Charges
Total
2010
Cessna
$ 34
$ —
$ 6
$ 3
$ 43
$ —
$ 43
Finance
7
—
1
3
11
91
102
Corporate
1
—
—
—
1
—
1
Industrial
5
—
9
1
15
—
15
Bell
10
—
—
—
10
—
10
Textron Systems
19
—
—
—
19
—
19
$ 76
$ —
$ 16
$ 7
$ 99
$ 91
$ 190
2009
Cessna
$ 80
$ 26
$ 54
$ 7
$ 167
$ —
$ 167
Finance
11
1
—
1
13
—
13
Corporate
34
—
—
1
35
—
35
Industrial
6
(4)
—
3
5
80
85
Bell
9
—
—
—
9
—
9
Textron Systems
5
2
—
1
8
—
8
$ 145
$ 25
$ 54
$ 13
$ 237
$ 80
$ 317
2008
Cessna
$ 5
$ —
$ —
$ —
$ 5
$ —
$ 5
Finance
15
—
11
1
27
462
489
Corporate
6
—
—
—
6
—
6
Industrial
16
—
9
—
25
—
25
Textron Systems
1
—
—
—
1
—
1
$ 43
$ —
$ 20
$ 1
$ 64
$ 462
$ 526