
January 27th, 2012 02:00 AM
UPS Announces Change in Pension Accounting Method
Adopts Simpler, More Transparent Mark-to-Market Methodology
UPS (NYSE: UPS) today announced an accounting change relating to expense recognition for company-sponsored pension and postretirement benefit plans. The new method, adopted in the fourth quarter of 2011, will result in simpler, more transparent financial reporting.
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