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FedEx to take $2.2 billion charge on pension accounting change
2015-06-12 17:34:17| Air Courier - Topix.net
The move to mark-to-market accounting will have no effect on employees' pension benefits or the funding requirements for any pension plans or cash flows, FedEx said on Friday. "Adopting the mark-to-market approach will align our accounting to provide greater transparency by removing certain legacy pension costs from segment operating results and recognizing them in a year-end adjustment," Chief Financial Officer Alan Graf said in a statement.
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Category:Transportation and Logistics