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These excerpts taken from the GT 10-K filed Feb 18, 2009. Investments
Investments in marketable securities are stated at fair value.
Fair value is determined using quoted market prices at the end
of the reporting period and, when appropriate, exchange rates at
that date. Unrealized gains and losses on marketable securities
classified as available-for-sale are recorded in Accumulated
Other Comprehensive Loss
Table of Contents
THE
GOODYEAR TIRE & RUBBER COMPANY AND SUBSIDIARIES
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
(“AOCL”), net of tax. We regularly review our
investments to determine whether a decline in fair value below
the cost basis is other than temporary. If the decline in fair
value is judged to be other than temporary, the cost basis of
the security is written down to fair value and the amount of the
write-down is included in the Consolidated Statements of
Operations. Refer to Notes 8 and 19.
Investments
Where quoted prices are available in an active market,
investments are classified within Level 1 of the valuation
hierarchy. Level 1 securities include highly liquid
government bonds, certain mortgage products and exchange-traded
equities. If quoted market prices are not available, fair values
are estimated using quoted prices of securities with similar
characteristics or inputs other than quoted prices that are
observable for the security, and would be classified within
Level 2 of the valuation hierarchy. In certain cases where
there is limited activity or less transparency around inputs to
the valuation, securities would be classified within
Level 3 of the valuation hierarchy.
This excerpt taken from the GT 10-K filed Feb 14, 2008. Investments
Investments in marketable securities are stated at fair value.
Fair value is determined using quoted market prices at the end
of the reporting period and, when appropriate, exchange rates at
that date. Unrealized gains and losses on marketable securities
classified as available-for-sale are recorded in Accumulated
Other Comprehensive Loss (“AOCL”), net of tax. We
regularly review our investments to determine whether a decline
in fair value below the cost basis is other than temporary. If
the decline in fair value is judged to be other than temporary,
the cost basis of the security is written down to fair value and
the amount of the write-down is included in the Consolidated
Statements of Operations. Refer to Notes 8 and 18.
This excerpt taken from the GT 10-K filed Feb 16, 2007. Investments
Investments in marketable securities are stated at fair value.
Fair value is determined using quoted market prices at the end
of the reporting period and, when appropriate, exchange rates at
that date. Unrealized gains and losses on marketable securities
classified as
available-for-sale
are recorded in Accumulated Other Comprehensive Loss, net of
tax. We regularly review our investments to determine whether a
decline in fair value below the cost basis is other than
temporary. If the decline in fair value is judged to be other
than temporary, the cost basis of the security is written down
to fair value and the amount of the write-down is included in
the Consolidated Statements of Operations. Refer to Notes 8
and 17.
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