Equifax 2007 Annual Report Download - page 58

Download and view the complete annual report

Please find page 58 of the 2007 Equifax 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.

Page out of 100

  • 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

56 EQUIFAX | 2007 ANNUAL REPORT
Accumulated Other Comprehensive Loss consists of the following components:
December 31,
(In millions) 2007 2006 2005
Foreign currency translation $ (60.1) $(113.2) $(140.1)
Unrecognized actuarial losses and prior service cost related
to our pension and other postretirement benefi t plans,
net of accumulated tax of $61.3 at December 31, 2007 (106.5)
– –
Minimum pension liability, net of accumulated tax of $4.5,
and $10.0 in 2006 and 2005, respectively – (7.7) (16.7)
Adjustment to initially apply SFAS 158 in 2006,
net of accumulated tax of $63.8 (see Note 9) – (110.7)
–
Cash fl ow hedging transactions, net of tax of $2.2, $0.4
and $0.6 in 2007, 2006 and 2005, respectively (3.9) (0.6) (1.0)
Accumulated other comprehensive loss $(170.5) $(232.2) $(157.8)
Comprehensive Income is as follows:
Twelve Months Ended
December 31,
(In millions) 2007 2006 2005
Net income $272.7 $274.5 $246.5
Other comprehensive income:
Foreign currency translation adjustment 53.1 26.9 8.1
Recognition of prior service cost and actuarial losses related to our pension
and other postretirement benefi t plans 11.9 9.0 100.3
Change in cumulative loss from cash fl ow hedging transactions (3.3) 0.4 0.8
Comprehensive income $334.4 $310.8 $355.7
See Notes to Consolidated Financial Statements.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME (CONTINUED)