ELN » Topics » Other significant net charges

This excerpt taken from the ELN 20-F filed Mar 30, 2006.
Other significant net charges
 
The principal items classified as other significant net charges/(gains) include asset impairments, purchase of royalty rights, severance, relocation and exit costs, and costs incurred from litigation or regulatory actions, including shareholder class action litigation and the SEC investigation. These items have been treated consistently from period to period. Our management believes that disclosure of other charges is meaningful because it provides additional information in relation to these material, infrequent and often non-recurring items.
 
                 
    2004     2003  
    (In millions)  
 
(A) Shareholder litigation and SEC investigation
  $ 56.0     $ 10.7  
(B) Severance, relocation and exit costs
    3.0       29.7  
(C) Purchase of royalty rights
          297.6  
(D) Asset impairments
          32.6  
(E) EPIL II/EPIL III waiver fee
          16.8  
Other
    0.8       15.8  
                 
Total other charges
  $ 59.8     $ 403.2  
                 
 
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