Nortel Networks Corporation says that, as of March 31, 2011, the accruals on the unaudited condensed consolidated balance sheet for environmental matters were US$9 million.
Based on information available as of March 31, 2011, management believes that the existing accruals are…
Raytheon Company’s total discounted environmental remediation costs were US$160 million as of April 3, 2011, compared with US$152 million as of Dec. 31, 2010.
The Company is involved in various stages of investigation and cleanup related to remediation of various environmental…
Nortel Networks Corporation says that, as of Dec. 31, 2010, the accruals on the consolidated balance sheet for environmental matters were US$9 million.
The Company has remedial activities under way at five sites that are either currently or previously owned.
Nortel Networks…
Tyco Electronics Ltd., as of Dec. 24, 2010, concluded that the best estimate for environmental remediation costs is US$15 million, of which US$6 million is included in accrued and other current liabilities and US$9 million is included in other liabilities…
Tyco Electronics Ltd., as of June 25, 2010, estimated environmental remediation costs of US$14 million, of which US$3 million is included in accrued and other current liabilities and US$11 million is included in other liabilities on the Condensed Consolidated Balance…
AT&T Inc. says that AT&T Corp. and the City of Philadelphia, in July 2009, settled a matter on alleged environmental breaches at an AT&T Corp. facility.
The matter was settled on terms that included civil penalties of less than US$100,000.
The City…
Tyco Electronics Ltd., as of December 26, 2008, concluded that it was probable that it would incur remedial costs in the range of approximately $12 million to $24 million for environmental remediation matters at a number of sites.
The Company said…
Nortel Networks Corporation, as of Sept. 30, 2008, had US$18 million accrued for environmental matters, compared with US$26 million as of Dec. 31, 2007.
The Company is exposed to liabilities and compliance costs arising from its past generation, management and disposal…
Raytheon Company’s estimate of total environmental remediation costs is US$159 million at Sept. 28, 2008.
Discounted at weighted-average risk-free rate of 5.7%, Raytheon estimates the liability at US$111 million before U.S. Government recovery and had the amount accrued at Sept. 28,…
WHX Corporation’s subsidiary, Handy & Harman Co. (H&H) is continuing to comply with a 1987 consent order from the Massachusetts Department of Environmental Protection (MADEP) to investigate and remediate the soil and groundwater conditions at a commercial/industrial property in Massachusetts…