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Emerson Electric Co. shares how it is changing its accounting for pension plans.

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Emerson changed how it records pension gains and losses, which raises reported profit slightly. The change does not affect cash, pension funding, or the company’s business.

EMR · Emerson Electric Co.

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This changes when pension gains and losses appear in Emerson’s reports, giving readers a more current view. It does not change the company’s cash or pension funding. A past adjustment raised reported profit by $6 million after tax, but the expected fourth-quarter gain is less than $5 million before tax. Emerson will leave these yearly changes out of its adjusted profit-per-share measure because they can vary with markets and estimates.

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