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This excerpt taken from the DD 10-K filed Feb 12, 2009. Foreign Currency
Translation
The U.S. dollar (USD) is the functional currency of most of
the company’s worldwide operations. For subsidiaries where
the USD is the functional currency, all foreign currency asset
and liability amounts are remeasured into USD at end-of-period
exchange rates, except for inventories, prepaid expenses,
property, plant and equipment, goodwill and other intangible
assets, which are remeasured at historical rates. Foreign
currency income and expenses are remeasured at average exchange
rates in effect during the year, except for expenses related to
balance sheet amounts remeasured at historical exchange rates.
Exchange gains and losses arising from remeasurement of foreign
currency-denominated monetary assets and liabilities are
included in income in the period in which they occur.
Table of Contents
E. I. du Pont de
Nemours and Company
Notes to the Consolidated Financial Statements (continued) (Dollars in millions, except per share)
For subsidiaries where the local currency is the functional
currency, assets and liabilities denominated in local currencies
are translated into USD at end-of-period exchange rates and the
resultant translation adjustments are reported, net of their
related tax effects, as a component of accumulated other
comprehensive income (loss) in stockholders’ equity. Assets
and liabilities denominated in other than the local currency are
remeasured into the local currency prior to translation into USD
and the resultant exchange gains or losses are included in
income in the period in which they occur. Income and expenses
are translated into USD at average exchange rates in effect
during the period.
This excerpt taken from the DD 10-K filed Feb 19, 2008. Foreign Currency
Translation
The U.S. dollar (USD) is the functional currency of most of
the company’s worldwide operations. For subsidiaries where
the USD is the functional currency, all foreign currency asset
and liability amounts are remeasured into USD at end-of-period
exchange rates, except for inventories, prepaid expenses,
property, plant and equipment, goodwill and other intangible
assets, which are remeasured at historical rates. Foreign
currency income and expenses are remeasured at average exchange
rates in effect during the year, except for expenses related to
balance sheet amounts remeasured at historical exchange rates.
Exchange gains and losses arising from remeasurement of foreign
currency-denominated monetary assets and liabilities are
included in income in the period in which they occur.
For subsidiaries where the local currency is the functional
currency, assets and liabilities denominated in local currencies
are translated into USD, at end-of-period exchange rates and the
resultant translation adjustments are reported, net of their
related tax effects, as a component of Accumulated other
comprehensive income (loss) in stockholders’ equity. Assets
and liabilities denominated in other than the local currency are
remeasured into the local currency prior to translation into USD
and the resultant exchange gains or losses are included in
income in the period in which they occur. Income and expenses
are translated into USD at average exchange rates in effect
during the period.
This excerpt taken from the DD 10-K filed Feb 23, 2007. Foreign
Currency Translation
The U.S. dollar (USD) is the functional currency of most of
the company’s worldwide operations. For subsidiaries where
the USD is the functional currency, all foreign currency asset
and liability amounts are remeasured into USD at
end-of-period
exchange rates, except for inventories, prepaid expenses,
property, plant and equipment, goodwill and other intangible
assets, which are remeasured at historical rates. Foreign
currency income and expenses are remeasured at average exchange
rates in effect during the year, except for expenses related to
balance sheet amounts remeasured at historical exchange rates.
Exchange gains and losses arising from remeasurement of foreign
currency-denominated monetary assets and liabilities are
included in income in the period in which they occur.
For subsidiaries where the local currency is the functional
currency, assets and liabilities denominated in local currencies
are translated into USD, at
end-of-period
exchange rates and the resultant translation adjustments are
reported, net of their related tax effects, as a component of
Accumulated other comprehensive income (loss) in
stockholders’ equity. Assets and liabilities denominated in
other than the local currency are remeasured into the local
currency prior to translation into USD and the resultant
exchange gains or losses are included in income in the period in
which they occur. Income and expenses are translated into USD at
average exchange rates in effect during the period.
This excerpt taken from the DD 10-K filed Feb 28, 2006. Foreign Currency Translation The U.S. dollar (USD) is the functional currency of most of the company's worldwide operations. For subsidiaries where the USD is the functional currency, all foreign currency asset and liability amounts are remeasured into USD at end-of-period exchange rates, except for inventories, prepaid expenses, property, plant and equipment, goodwill and other intangible assets, which are remeasured at historical rates. Foreign currency income and expenses are remeasured at average exchange rates in effect during the year, except for expenses related to balance sheet amounts remeasured at historical exchange rates. Exchange gains and losses arising from remeasurement of foreign currency-denominated monetary assets and liabilities are included in income in the period in which they occur. For subsidiaries where the local currency is the functional currency, assets and liabilities denominated in local currencies are translated into USD, at end-of-period exchange rates, and the resultant translation adjustments are reported, net of their related tax effects, as a component of Accumulated other comprehensive income (loss) in stockholders' equity. Assets and liabilities denominated in other than the local currency are remeasured into the local currency prior to translation into USD, and the resultant exchange gains or losses are included in income in the period in which they occur. Income and expenses are translated into USD at average exchange rates in effect during the period. | EXCERPTS ON THIS PAGE:
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