AT&T to book $2.2 billion gain related to pensions, postemployment plans

AT&T Inc. said late Friday it expects to book a $2.2 billion non-cash gain before taxes related to its pension and postemployment benefit plans. “The gain was generated from an increase in our assumed discount rates used to measure our pension obligation to 4.6% and to 4.5% for our postretirement obligation; updates to other assumptions, including mortality; and demographic changes,” the telecom said in a Friday filing with the Securities and Exchange Commission. AT&T is scheduled to report quarterly results on Tuesday.

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