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To: ild who wrote (227177)3/11/2003 12:59:11 PM
From: mishedlo  Respond to of 436258
 
No. Liability is liability and is actual.
It does affect earnings however

M



To: ild who wrote (227177)3/11/2003 12:59:28 PM
From: reaper  Read Replies (1) | Respond to of 436258
 
no. the liability is what it is. and the assets are what they are. the return assumption impacts earnings/charges related to the pension liability (i.e P&L) not the level of the liability/asset (i.e. balance sheet -- though actually due to silly accounting rules its off balance sheet)

Cheers



To: ild who wrote (227177)3/11/2003 8:02:11 PM
From: ild  Read Replies (1) | Respond to of 436258
 
Didn't see this posted.

A must read -- a few pages starting page 14

BERKSHIRE HATHAWAY INC.
2002 ANNUAL REPORT
berkshirehathaway.com