List Of Companies Posting Charges Related To Health-Care Law

Date : 04/06/2010 @ 1:07PM
Source : Dow Jones News
Stock : Babcock & Wilcox Enterprises, Inc. (BW)
Quote : 10.68  -0.02 (-0.19%) @ 10:12AM

List Of Companies Posting Charges Related To Health-Care Law

AT&T Inc. (NYSE:T)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more AT&T Inc. Charts.

Starting in 2013, companies that provide prescription-drug benefits for retirees under Medicare can no longer deduct this subsidy from their taxes, due to the federal health-care overhaul signed into law on March 23.

Since companies had created an asset based on these expected deductions, they will now need to take a charge to reflect the fall in the asset's value. The following companies have announced the amount of their health-care-related charges:

AT&T Inc. (T) -- $1 billion in 1Q

3M Co. (MMM) -- $85 million to $90 million in 1Q

Exelon Corp.(EXC) -- $65 million in 1Q

Verizon Communications Inc.(VZ) -- $970 million in 1Q

Carpenter Technology Corp.(CRS) -- 13 cents a share in 3Q

Ingersoll-Rand Co. Ltd. (IR) -- $41 million in 1Q

Lockheed Martin Corp. (LMT) -- $96 million in 1Q

Valero Energy Corp. (VLO) -- $15 million to $20 million in 1Q

Deere & Co. (DE) -- $150 million in 1Q

Boeing Co. (BA) -- $150 million in 1Q

Caterpillar Inc. (CAT) -- $100 million in 1Q

Prudential Financial (PRU) -- $100 million in 1Q

Xcel Energy Inc. (XEL) -- $17 million in 1Q

Goodrich Corp. (GR) -- $10 million in 1Q

AK Steel Holding Corp. (AKS) $31 million in 1Q

Honeywell International Inc. (HON) -- $13 million in 1Q

Allegheny Technologies Inc. (ATI) -- $5 million in 1Q

Kroger Co. (KR) -- $1.5 million to $2 million in 2010

Illinois Tool Works INc. (ITW) -- $22 million in 1Q

CMS Energy Corp. (CMS) -- $17 million in 1Q

Eaton Corp. (ETN)-- $25 million in 1Q

Exelon Corp. (EXC) -- $65 million in 1Q

Hartford Financial Services Group Inc. (HIG) -- $20 million in 1Q

Brush Engineered Materials Inc. (BW) -- 7 cents a share in 1Q

-0-

Latest BW Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.