|
|
![]() | ![]() | ![]() | ![]() |
These excerpts taken from the GIS 10-K filed Jul 11, 2008. Investments in Joint
Ventures Our investments in companies over
which we have the ability to exercise significant influence are
stated at cost plus our share of undistributed earnings or
losses. We receive royalty income from certain joint ventures,
incur various expenses (primarily research and development), and
record the tax impact of certain joint venture operations that
are structured as partnerships. In addition, we make advances to
our joint ventures in the form of loans or capital investments.
We also sell certain raw materials, semi-finished goods, and
finished goods to the joint ventures, generally at market prices.
Investments in Joint Ventures Our investments in companies over which we have the ability to exercise significant influence are stated at cost plus our share of undistributed earnings or losses. We receive royalty income from certain joint ventures, incur various expenses (primarily research and development), and record the tax impact of certain joint venture operations that are structured as partnerships. In addition, we make advances to our joint ventures in the form of loans or capital investments. We also sell certain raw materials, semi-finished goods, and finished goods to the joint ventures, generally at market prices. | EXCERPTS ON THIS PAGE:
RELATED TOPICS for GIS: |
| |||||||