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These excerpts taken from the DD 10-K filed Feb 17, 2010. Asset Retirement Obligations The company records asset retirement obligations at fair value at the time the liability is incurred. Accretion expense is recognized as an operating expense using the credit-adjusted risk-free interest rate in effect when the liability was recognized. The associated asset retirement obligations are capitalized as part of the carrying amount of the long-lived asset and depreciated over the estimated remaining useful life of the asset, generally for periods ranging from 1 to 20 years. Asset Retirement Obligations The company has recorded asset retirement obligations primarily associated with closure, reclamation and removal costs for mining operations related to the production of titanium dioxide in Performance Chemicals. The company's asset retirement obligation liabilities were $56 and $60 at December 31, 2009 and 2008, respectively. These excerpts taken from the DD 10-K filed Feb 12, 2009. Asset Retirement
Obligations
The company records asset retirement obligations at fair value
at the time the liability is incurred. Accretion expense is
recognized as an operating expense using the credit-adjusted
risk-free interest rate in effect when the liability was
recognized. The associated asset retirement obligations are
capitalized as part of the carrying amount of the long-lived
asset and depreciated over the estimated remaining useful life
of the asset, generally for periods ranging from 1 to
20 years.
Asset Retirement
Obligations
The company has recorded asset retirement obligations primarily
associated with closure, reclamation and removal costs for
mining operations related to the production of titanium dioxide
in Coatings & Color Technologies. The company’s
asset retirement obligation liabilities were $60 and $62 at
December 31, 2008 and 2007, respectively.
This excerpt taken from the DD 10-K filed Feb 19, 2008. Asset Retirement
Obligations
The company has recorded asset retirement obligations primarily
associated with closure, reclamation and removal costs for
mining operations related to the production of titanium dioxide
in Coatings & Color Technologies. The company’s
asset retirement obligation liabilities were $62 at
December 31, 2007 and 2006.
This excerpt taken from the DD 10-K filed Feb 23, 2007. Asset
Retirement Obligations
The company records asset retirement obligations at fair value
at the time the liability is incurred. Accretion expense is
recognized as an operating expense using the credit-adjusted
risk-free interest rate in effect when the liability was
recognized. The associated asset retirement obligations are
capitalized as part of the carrying amount of the long-lived
asset and depreciated over the estimated remaining useful life
of the asset, generally for periods ranging from 1 to
20 years.
This excerpt taken from the DD 10-K filed Feb 28, 2006. Asset Retirement Obligations The company has recorded asset retirement obligations primarily associated with closure, reclamation, and removal costs for mining operations related to the production of titanium dioxide in Coatings & Color Technologies. F-30 Set forth below is a reconciliation of the company's estimated asset retirement obligation:
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