Household International ( HI) was falling in the premarket after saying it would prune its net income by $386 million over eight years due to a change in an accounting policy. Prospect Heights, Ill.-based Household said the restatement, which involves the way it books credit card proceeds, would reduce its 2002 second-quarter earnings by 1 cent a share, and earnings for the first half by 6 cents a share. Following discussions with its auditor, KPMG, the company decided to revise the accounting treatment of its Mastercard/Visa cobranding and "affinity" credit card relationships, as well as a marketing agreement with a third party. The company also said its CEO and CFO certified the accuracy of its most recent SEC filings. The shares were down 10% to $34 on the Instinet premarket session.