48 of 93 adjustment to net income during the first quarter of 2003 of approximately $ 2 million . this adjustment represents cumulative depreciation and accretion that would have been recognized through the date of adoption of sfas no . 143 had the statement been applied to the company 2019s existing asset retirement obligations at the time they were initially incurred . the following table reconciles changes in the company 2019s asset retirement liability for fiscal 2003 ( in millions ) : .