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These excerpts taken from the WDC 10-K filed Aug 20, 2008. Litigation
and Other Contingencies
We apply SFAS No. 5, “Accounting for
Contingencies,” to determine when and how much to accrue
for and disclose related to legal and other contingencies.
Accordingly, we disclose contingencies deemed to be reasonably
possible and accrue loss contingencies when, in consultation
with our legal advisors, we conclude that a loss is probable and
reasonably estimable (Refer to Part II, Item 8,
Note 5 in the Notes to Consolidated Financial Statements,
included in this Annual Report on
Form 10-K).
The ability to predict the ultimate outcome of such matters
involves judgments, estimates and inherent uncertainties. The
actual outcome of such matters could differ materially from
management’s estimates.
Litigation and Other Contingencies We apply SFAS No. 5, “Accounting for Contingencies,” to determine when and how much to accrue for and disclose related to legal and other contingencies. Accordingly, we disclose contingencies deemed to be reasonably possible and accrue loss contingencies when, in consultation with our legal advisors, we conclude that a loss is probable and reasonably estimable (Refer to Part II, Item 8, Note 5 in the Notes to Consolidated Financial Statements, included in this Annual Report on Form 10-K). The ability to predict the ultimate outcome of such matters involves judgments, estimates and inherent uncertainties. The actual outcome of such matters could differ materially from management’s estimates. This excerpt taken from the WDC 10-K filed Aug 28, 2007. Litigation
and Other Contingencies
We apply SFAS No. 5, “Accounting for
Contingencies,” to determine when and how much to accrue
for and disclose related to legal and other contingencies.
Accordingly, we disclose contingencies deemed to be reasonably
possible and accrue loss contingencies when, in consultation
with our legal advisors, we conclude that a loss is probable and
reasonably estimable (Refer to Part II, Item 8,
Note 5 of the Notes to Consolidated Financial Statements,
included in this Annual Report on
Form 10-K).
The ability to predict the ultimate outcome of such matters
involves judgments, estimates and inherent uncertainties. The
actual outcome of such matters could differ materially from
management’s estimates.
This excerpt taken from the WDC 10-K filed Nov 20, 2006. Litigation
and Other Contingencies
We apply SFAS No. 5, “Accounting for
Contingencies,” to determine when and how much to accrue
for and disclose related to legal and other contingencies.
Accordingly, we disclose contingencies deemed to be reasonably
possible and accrue loss contingencies when, in consultation
with our legal advisors, we conclude that a loss is probable and
reasonably estimable (Refer to Part II, Item 8,
Note 7 of the Notes to Consolidated Financial Statements,
included in this Annual Report on
Form 10-K).
The ability to predict the ultimate outcome of such matters
involves judgments, estimates and inherent uncertainties. The
actual outcome of such matters could differ materially from
management’s estimates.
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