Unum 2006 Annual Report Download - page 147
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
Unum Group and Subsidiaries
129
Note 8 - Income Tax
Total income tax expense (benefit) was allocated as follows:
2006 2005 2004
$ 61.8 $ 189.9 $ (74.3)
5.8 6.1 (29.6)
Net Unrealized Gain on Securities (273.1) (147.9) 130.8
Net Gain on Cash Flow Hed
g
es (39.8) 19.7 42.6
Forei
g
n Currenc
y
Translation Ad
j
ustment (0.3) (0.2) (3.3)
Minimum Pension Liabilit
y
Ad
j
ustment 11.3 (6.7) (18.3)
Ad
j
ustment to Ado
p
t SFAS 158 (40.3) - -
- (4.5) (0.1)
(274.6)$ 56.4$ 47.8$ Total Income Tax Expense (Benefit)
Stockholders' Equity - Additional Paid-in Capital
Stock Option Compensation
Year Ended December 31
Income (Loss) from Continuing Operations
Income (Loss) from Discontinued Operations
Stockholders' Equity - Accumulated Other Comprehensive
Income (Loss)
(in millions of dollars)
A reconciliation of the income tax expense (benefit) attributable to income (loss) from continuing operations before
income tax, computed at U.S. federal statutory tax rates, to the income tax expense (benefit) as included in the
consolidated statements of operations, is as follows.
2006 2005 2004
35.0 %35.0 %35.0 %
- - (26.3)
(2.1) (6.6) 15.0
- - 2.1
0.2 0.5 (2.0)
(1.6) (0.8) 1.6
(17.9) (0.2) 3.2
(0.3) (0.5) (1.7)
13.3 %27.4 %26.9 %
Year Ended December 31
Goodwill Impairment
Tax Basis on Sale of Foreign Subsidiaries
Other Items, Net
Effective Tax
Statutory Income Tax
Prior Year Tax Settlements
Fines and Penalties
Foreign Net Operating Losses
Tax-exempt Investment Income