CORRECT: List Of Companies Posting Charges Related To Health-Care Law

Date : 04/29/2010 @ 2:28PM
Source : Dow Jones News
Stock : Empire District Electric Company (The) (EDE)
Quote : 34.09  0.0 (0.00%) @ 2:05AM

CORRECT: List Of Companies Posting Charges Related To Health-Care Law

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("List of Companies Posting Charges Related To Health-Care Law," published at 1630 GMT, misspelled the corporate name of PPG Industries Inc. (PPG) and included a duplicate charge for Caterpillar Inc. The correct version follows:)

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. Search the subject code N/HCC for the latest news on this topic.

Exxon Mobil Corp. (XOM) -- 4 cents a share in 1Q

Brinks Co. (BCO) -- 28 cents a share in 1Q

American Electric Power Co. (AEP) -- $21 million in 1Q

Clearwater Paper Corp. (CLW) -- 37 cents a share in 1Q

Empire District Electric Co. (EDE) -- $2.1 million in 1Q

Allegheny Technologies Inc. (ATI) -- $5.3 million in 1Q

Potlach Corp. (PCH) -- $3 million, or 7 cents a share, in 1Q

Norfolk Southern Corp. (NSC) -- $27 million, or 7 cents a share, in 1Q

Ecolab Inc. (ECL) -- $5 million in 1Q

3M Co. (MMM) -- 11 cents a share in 1Q

Caterpillar Inc. (CAT) -- $90 million in 1Q

Humana Inc. (HUM) -- 4 cents a share in 1Q

Merck & Co. (MRK) -- $150 million in 1Q

Schlumberger Ltd. (SLB) -- $40 million in 1Q

Chubb Corp. (CB) -- 7 cents a share in 1Q

Deluxe Corp. (DLX) -- 7 cents a share in 1Q

PepsiCo Inc. (PEP) -- $40 million in 1H

Reynolds American Inc. (RAI) -- 9 cents a share in 1Q

Altria Inc. Group Inc. (MO) -- 1 cent a share in 1Q

Deluxe Corp. (DLX) -- 7 cents a share in 1Q

Sherwin-Williams Co. (SHW) -- 10 cents a share in 1Q

Baxter International Inc. (BAX) -- 7 cents a share in 1Q

Boeing Co. (BA) -- $150 million in 1Q; cut 2010 view by 20 cents a share

Johnson & Johnson (JNJ) -- sees 2010 earnings cut by 10 cents a share

Hormel Foods Corp. (HRL) -- 5 cents a share in 2Q

Eli Lilly & Co. (LLY) -- 12 cents a share in 1Q

Gannett Co. (GCI) -- $2.2 million in 1Q

MetLife Inc. (MET) -- $75 million in 1Q

PPG Industries (PPG) -- $85 million in 1Q

United States Steel Corp. (X) -- $27 million in 1Q

CNH Global NV (CNH) -- $20 million in 1Q

AT&T Inc. (T) -- $1 billion 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 or 25 cents a share in 1Q

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

Deere & Co. (DE) -- $150 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

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

 
 
 
 

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