I've always as an accountant I've always been a little bothered by the talk of pre funding the health care plan because we really didn't pre fund it. We just really reclassified a long term liability to a short term liability. Correct. It's really just been a balance sheet entry. Correct. There really wasn't any funding going on. We just borrowed more money. (05:23–05:27)
CLAIM
Asserts that a long-term liability was reclassified as a short-term liability.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.