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GIS » Topics » Environmental

These excerpts taken from the GIS 10-K filed Jul 11, 2008.
Environmental Environmental costs relating to existing conditions caused by past operations that do not contribute to current or future revenues are expensed. Reserves for liabilities for anticipated remediation costs are recorded on an undiscounted basis when they are probable and reasonably estimable, generally no later than the completion of feasibility studies or our commitment to a plan of action.
 
Environmental Environmental
costs relating to existing conditions caused by past operations
that do not contribute to current or future revenues are
expensed. Reserves for liabilities for anticipated remediation
costs are recorded on an undiscounted basis when they are
probable and reasonably estimable, generally no later than the
completion of feasibility studies or our commitment to a plan of
action.


 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Jul 11, 2008

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