Jan. 22 (Bloomberg) -- AT&T Inc., thebiggest U.S. phone company, said its fourth-quarter results willinclude a non-cash gain of about $7.6 billion to account forchanges in its pension fund and retiree benefit plans.The increase is due to an adjustment in thecarrier’s assumptions on interest rates and a better-than-expectedreturn on assets, Dallas-based AT&T said in a filing. Updatedestimates for mortality and other demographic changes offset someof the gains, the company said.AT&T is scheduled to report itsquarterly earnings on Jan. 28. Leaving out one-time items such asthe pension benefit, profit will be 51 cents a share, up from 44cents a year earlier, on sales of $33.1 billion, according to theaverage of analysts’ estimates compiled by Bloomberg.The company said today it’s also taking a$500 million charge in the quarter for a voluntary retirementpackage accepted by 4,200 employees. It didn’t provide furtherinformation about its results for the period.
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