Lucent Technologies Inc., Murray Hill, N.J., will adjust its balance sheet to account for an error that will increase reported pension liabilities by an estimated $80 million, according to its 8-K filing today. The company on Oct. 26 had announced results for its fiscal fourth quarter and year ended Sept. 30 in a press release and cited $1.3 billion in pension liabilities.
Company officials expect a final actuarial report to be completed "in early November," when Lucent will announce the amount of the adjustment, according to today's 8-K.
The adjustment will not affect Lucent's operating results for the fiscal year or fourth quarter, according to the filing.
