The additional interest adjustment
is attributable to interest expense incurred on escrowed borrowings used to fund the construction of three articulated tug barges ("ATBs").
Non-recurring items that are not included in organic growth in 2007 include a $57 million gain at Carrier from the sale of Fincoil, a $36 million charge at Carrier on the settlement of litigation related to a furnace warranty matter, a $28 million pretax interest adjustment
related to the completion of the IRS examination of tax years 2000 through 2003, an $84 million gain at Otis from the sale of land (See Note 3 below), a $40 million gain at Pratt & Whitney from a contract termination, and $151 million from the sale of marketable securities.
1 Convertible note interest adjustment
is included to reconcile the previously reported financial amounts to GAAP amounts, following the Company's adoption of a new accounting standard in the first quarter of fiscal 2009 which required the Company to retroactively recognize additional non-cash interest expense based on the market rate for similar debt instruments without the conversion feature.
Interest expense, net: Favorable pre-tax interest adjustment
of approximately $24 million associated with the resolution of an uncertain temporary tax item in the quarter.
Spin-Off related adjustments include; (a) pension adjustment defined as the estimated benefit plan expense associated with certain benefit plan obligations transferred to Kraft Foods Group in the Spin-Off; and (b) interest adjustment
defined as the interest expense associated with the assumed reduction of the $6 billion of our debt on January 1, 2012, from the utilization of funds received from Kraft Foods Group in 2012 in connection with our Spin-Off capitalization plan.
Recognized an upward working interest adjustment
to a number of wells in the Mary field in Appalachia.
Some factors considered by the willing buyer in arriving at a fractional interest adjustment
military sales -38 Valuation adjustments -38 Statistical adjustments Income 2,253 -3,593 Direct investment -94 -491 Valuation adjustments -94 -491 Reclassification of dividends to "other" income Adjustment of interest income to a net basis Statistical adjustments Other investment 2,347 -3,102 Interest adjustment
for coverage of U.
The statute of limitations for pre-enactment periods should only have to be open on the year for which the interest adjustment
is being requested.
If that dollar earned a prevailing interest adjustment
, compounded annually, your family's debt in today's dollars now would be nearly $20,000.
Early withdrawal of part or whole of the deposit is subject to an administration fee of pounds 250 and an interest adjustment
of 180 days at the two-year-rate deposit rate or 90 days at the one-year-deposit rate.
Interest Expense, Net: Approximately $23 million of favorable pre-tax interest adjustments
, primarily related to the resolution of disputes with the Appeals Division of the IRS for the Company's 2006 - 2008 tax years.