Lockheed, Boeing, others see health reform charges
Lockheed Martin Corp
The federal government pays subsidies to large companies, including AT&T Inc
The U.S. healthcare overhaul signed into law last week by President Barack Obama would eliminate tax deductions that have been available to companies that provide such benefits.
Some corporate leaders have complained that the change amounts to a tax increase. White House officials have countered that it essentially closes a tax loophole.
Although the change does not take effect until 2013, accounting rules require that the charges be recorded in the period the legislation was enacted.
On Wednesday, the list of corporations expecting to take charges related to healthcare reform grew.
Lockheed Martin, the world's largest defense contractor, said it expected to record a $96 million, or about 25 cents a share, after-tax charge in the first quarter.
Boeing said it would take a charge of around $150 million, or 20 cents per share, against first-quarter results.
Aircraft parts supplier Goodrich expected the charge to be about $10 million, or 8 cents per share, in the first quarter, while air compressor and cooling systems maker Ingersoll-Rand forecast a charge of $41 million, or 12 cents per share.
Conversely, General Electric Co
(Reporting by Lisa Baertlein)
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