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Goodyear Tire & Rubber Company (GT)
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GT » Topics » Use of Estimates

This excerpt taken from the GT 10-K filed Feb 18, 2009.
Use of Estimates
 
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related notes to financial statements. Actual results could differ from those estimates. On an ongoing basis, management reviews its estimates, including those related to:
 
  •  recoverability of intangibles and other long-lived assets,
 
  •  deferred tax asset valuation allowances and uncertain income tax positions,
 
  •  workers’ compensation,
 
  •  general and product liabilities and other litigation,
 
  •  pension and other postretirement benefits, and
 
  •  various other operating allowances and accruals, based on currently available information.
 
Changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.
 
This excerpt taken from the GT 10-K filed Feb 14, 2008.
Use of Estimates
 
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related notes to financial statements. Actual results could differ from those estimates. On an ongoing basis, management reviews its estimates, including those related to:
 
  •  recoverability of intangibles and other long-lived assets,
 
  •  deferred tax asset valuation allowances and uncertain income tax positions,
 
  •  workers’ compensation,
 
  •  general and product liabilities and other litigation,
 
  •  pension and other postretirement benefits, and
 
  •  various other operating allowances and accruals, based on currently available information.
 
Changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.
 
This excerpt taken from the GT 10-K filed Feb 16, 2007.
Use of Estimates
 
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and related notes to financial statements. Actual results could differ from those estimates. On an ongoing basis, management reviews its estimates, including those related to:
 
  •  recoverability of intangibles and other long-lived assets,
 
  •  deferred tax asset valuation allowances and uncertain income tax positions,
 
  •  workers’ compensation,
 
  •  general and product liabilities and other litigations,
 
  •  pension and other postretirement benefits, and
 
  •  various other operating allowances and accruals, based on currently available information.
 
Changes in facts and circumstances may alter such estimates and affect results of operations and financial position in future periods.
 

EXCERPTS ON THIS PAGE:

10-K
Feb 18, 2009
10-K
Feb 14, 2008
10-K
Feb 16, 2007

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