Equifax 2008 Annual Report Download - page 41

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28FEB200910255904
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME continued
Accumulated Other Comprehensive Loss consists of the following components:
December 31,
(In millions) 2008 2007 2006
Foreign currency translation $ (178.4) $ (60.1) $ (113.2)
Unrecognized actuarial losses and prior service cost related to our
pension and other postretirement benefit plans, net of accumulated tax
of $119.2 and $61.3 in 2008 and 2007, respectively (208.5) (106.5) —
Minimum pension liability, net of accumulated tax of $4.5 in 2006 —— (7.7)
Adjustment to initially apply SFAS 158 in 2006, net of accumulated tax of
$63.8 (see Note 9) —— (110.7)
Cash flow hedging transactions, net of tax of $2.1, $2.2 and $0.4 in
2008, 2007 and 2006, respectively (3.7) (3.9) (0.6)
Accumulated other comprehensive loss $ (390.6) $ (170.5) $ (232.2)
Comprehensive Income is as follows:
Twelve Months Ended
December 31,
(In millions) 2008 2007 2006
Net income $ 272.8 $ 272.7 $ 274.5
Other comprehensive income:
Foreign currency translation adjustment (118.3) 53.1 26.9
Recognition of prior service cost and actuarial (losses) gains related to
our pension and other postretirement benefit plans (102.0) 11.9 9.0
Change in cumulative loss (gain) from cash flow hedging transactions 0.2 (3.3) 0.4
Comprehensive income $ 52.7 $ 334.4 $ 310.8
See Notes to Consolidated Financial Statements.
2008 ANNUAL REPORT 39