This excerpt taken from the MCD 10-K filed Feb 25, 2009.
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This excerpt taken from the MCD 10-K filed Feb 25, 2008.
OTHER MATTERSSTYLE="margin-top:6px;margin-bottom:0px">Critical accounting policies and estimates
The Company reviews its financial reporting and disclosure practices and accounting policies quarterly to
The fair value of each stock option granted
SIZE="2">Long-lived assets (including goodwill) are reviewed for impairment annually in the fourth quarter and whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. In assessing the
When the Company sells an existing business to a developmental licensee, it determines when these
An alternative accounting
substantially consistent with market rates for similar license arrangements. The Company does not believe it would be appropriate to recognize an asset for the right to receive market-based fees in future periods, particularly given the continuing
support and services provided to the licensees. Therefore, the Company believes that the recognition of an impairment charge based on the net cash sales price reflects the substance of the sale transaction. STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">
From time to time,
The Company records a
In addition, the Company operates within multiple taxing
FACE="Times New Roman" SIZE="2">Deferred U.S. income taxes have not been recorded for temporary differences totaling $6.7 billion related to investments in certain foreign subsidiaries and corporate joint ventures. The temporary differences consist
The Company has demonstrated