OTHER NEWS - Dec. 4, 1992 - Los Angeles Times
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TRW Inc. May Take $700-Million Charge: The Cleveland-based conglomerate said it expects to announce a charge of close to $700 million early next year to reflect a new accounting rule for
retiree health benefit costs. A TRW spokesman said the company also has not decided whether it will take a one-time charge or spread the charge over up to a 20-year period. Financial
Accounting Standards Board Rule 106 requires companies to set funds aside for retirees’ future health benefits and put estimated costs on their balance sheets rather than pay as the claims
are filed. TRW’s shares lost $1 to $54 on the New York Stock Exchange after news of the charge. MORE TO READ