SEC XBRL Public Education Seminar

8/9/2019 SEC XBRL Public Education Seminar

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XBRLPublicEducationSeminar

RuleHighlightsandStaffObservations

March23,

2010

Joel K. Levine,AssistantDirector,OfficeofInteractiveDisclosure

Mark Green,SeniorSpecialCounsel,DivisionofCorporationFinance

Tony Mealey,SeniorAccountant,OfficeofInteractiveDisclosure

Susan Yount,

Senior

Accountant,

Office

of

Interactive

DisclosureWalter Hamscher,Manager,TechnologyandTaxonomies,OfficeofInteractiveDisclosure


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The Securities and Exchange

Commission disclaims responsibilityfor any private publication or statementof any SEC employee or Commissioner.

This presentation expresses theauthor's views and does notnecessarily reflect those of the

Commission or other members of thestaff.

Disclaimer


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StaffObservationsonRendering

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Overallcommentsonrendering

No requirement that the Interactive data appearidentical

format

to

the

traditional

format

financial

statements.(C&DI130.08)

No

requirement

that

tabular

footnote

informationtaggedatLevelIVrendertoappearlikethetablesinthe

traditionalformatfinancialstatements.(FAQ37)

Element

labels

must

include

parenthetical

data

so

they conform to the traditional format financial

statements. (Regulation ST Rule 405(c)(1)(iii)(A) and

EdgarFiler

Manual

(EFM)

6.11.1

StaffObservationsRendering

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PresentationGroupguidance

EFM6.7.12requiresthatthetaggedinformationbepresentedinthefollowingorder:

LevelI,LevelII,LevelIIIandLevelIV.

Labeling conventions for the presentation

groupsare

as

follows:


5

ff b


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PresentationGroupguidanceLevelI(FAQ41)

Footnotelabelssameastraditionalformat


Document and Entity Information

Condensed Consolidated Balance Sheets

Condensed Consolidated Balance Sheets (Parenthetical)

Condensed Consolidated Statements of Income

Condensed Consolidated Statements of Cash Flows

Significant Accounting Policies

Cash and Cash Equivalents

Goodwill

Accrued Expenses

Segments

6

ff b i


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PresentationGroupguidanceLevelII(FAQ41)

Traditionalformatlabel+(Policies)


Significant Accounting Policies (Policies)

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S ff Ob i


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PresentationGroupguidanceLevelIII(FAQ41)

Traditionalformatlabel+(Tables)


Cash and Cash Equivalents (Tables)

Goodwill (Tables)

Accrued Expenses (Tables)

Segments (Tables)

8

S ff Ob i


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PresentationGroupguidanceforLevelIV

Traditionalformatlabel+(Details)


Cash and Cash Equivalents (Details)

Goodwill (Details)

Accrued Expenses (Details)

Segments (Details)

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S ff Ob i


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PresentationGroupSummary


Document and Entity Information

Condensed Consolidated Balance Sheets

Condensed Consolidated Balance Sheets (Parenthetical)

Condensed Consolidated Statements of Income

Condensed Consolidated Statements of Cash Flows

Significant Accounting Policies

Cash and Cash Equivalents

Goodwill

Significant Accounting Policies (Policies)

Cash and Cash Equivalents (Tables)

Goodwill (Tables)Accrued Expenses (Tables)

Segments (Tables)

Cash and Cash Equivalents (Details)

Goodwill (Details)

Accrued Expenses (Details)

Segments (Details)

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S ff Ob i


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Elementlabelsshouldmatchlineitemcaption(EFM6.11.1)

Parentheticalsshould

be

included

in

label

(EFM

6.11.2)


11


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St ff Ob ti


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ForCommitmentsandContingenciesandotherlineitemsappearingasablankoradashunder

all columns: Follow guidance in EFM 6.6.15;

i.e., set nil attribute to true and dont tag the

elementwith

any

information.

For line items appearing as a blank or a dashunder some but not all columns: For those

columns,donottagelement.

Alternatively,ifafilerwantstotagoneormore

line

items

that

appear

as

an

empty

field

or

a

dash with a zero value because thats what

managementbelieves the item representsand

they think the distinction is useful, they can

choosetodoso.

This

applies

to

all

the

financial

statements,

including the statement of shareholders

equity, the financial statement schedules, as

wellastofootnotedatataggedatLevelIV.

2009 2008

Commitments and

Contingencies

- -

Commitments andContingencies

Notes Receivable X,XXX -

Preferred Stock (1,000shares authorized, none

Issued)

- -

Preferred Stock (1,000shares authorized, noneIssued)

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Staff Observations

Element Selection

15


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St ff Ob ti


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StaffObservationsElementSelection

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Staff Obser ations


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Staff Observations


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ElementSelectionisgovernedbyRule405(c)(1)(iii)ofRegulationST:c. 1. iii Each data element contained in the Interactive Data File is matched with an

appropriate

tag

from

the

most

recent

version

of

the

standard

list

of

tags

specified

by

the

EDGARFilerManual.Atagisappropriateonlywhenitsstandarddefinition,standardlabeland

otherattributesasandtotheextentidentifiedinthelistoftagsmatchtheinformationtobe

tagged

TheEDGARFilerManualSections6.6.23to6.6.29establishesa5 step

hierarchyforchoosingthemostappropriateelementforfacts


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Staff Observations


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Considerationhierarchyindeciding betweentwo

ormore

elements

in

the

USGAAP

Taxonomy

are:

Periodtype,

ItemType,

Documentationstring

(Definition),

Standardlabelstring(Label),and

References.Note:Theitemsshouldbeconsideredinthis

order.EFM6.6.29


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Staff Observations


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EFM6.6.23:Anelementusedinnumericfactsrepresentingamounts

must have an xbrli:periodType

attribute that is the same as the

amounts

reported.

Letsapplythisrule:

1.

Determine from the traditional format financial statements

whether

the

fact

is

an

instant

or

durationIfthefactrepresentedismeasuredatapointintime,itisinstant.

Allotherfactsareduration.

Look at the choice of elements available for the line item in the

traditional

format

financial

statement

and

screen

the

choicesavailablebasedonbeinginstant

orduration.Ifthefactyouare

looking for is an instant only, consider those elements in the

USGAAPtaxonomywithaninstant

periodtype.


1.Periodtype,

2.ItemType, 3.Definition, 4.Standardlabel,and 5.References.

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Staff Observations


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EFM 6.6.27: If there is a choice among different elements

whosetypeattributeisconsistentwithasetoffactsinone

or more periods, use the element with the most specific

typeattribute.

ItemsTypesinclude:Monetary,Percent,Integer,Shares,Per

share,

Text

block

and

String

Look at the choice of elements available and screen them

basedonbeinginstant

or duration

then determine the

mostspecific typeattribute. If, forexample, the fact in the

traditional

format

financial

statement

is

an

instant

and

monetary only, consider those elements in the USGAAP

taxonomy.


1.Periodtype,

2.ItemType, 3.Definition, 4.Standardlabel,and 5.References.

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Staff Observations


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EFM 6.6.24: Scope of the definition must include the amountsreportedforthatlineiteminthecorrespondingofficialHTML/ASCIIdocumentEFM6.6.25:Scopeofthedefinitionmustnotexplicitlyexcludeone

or

more

of

the

amounts

in

the

corresponding

official

HTML/ASCII

document

EFM6.6.26:Whenthere isachoiceamongdifferentelementsthat

have definitions consistent with a set of facts in one or more

periods,usetheelementwiththenarrowestdefinition.

Letsapplytheserulestothreeprinciples:

1. Definitionmustcapture

allconceptstobetagged,

2. Definitionmustnot

excludeanyconceptstobetagged,

3. Usethe

element

with

the

narrowest

definition.

Lookatthechoiceofelementsavailableandscreenthembasedon

beinginstant

orduration.Thendeterminethemostspecifictype

attribute.

Then

look

at

the

definition

and

determine

that

it

includesallfactsinthatlineitem,anddoesnot

exclude

anyfacts inthe line

item.Finally, if there isachoicebetween elements in theUSGAAP

taxonomy,usetheelementwiththenarrowestdefinition.


1.Periodtype,

2.ItemType,

3.Definition, 4.Standardlabel,and, 5.References.

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Staff Observations


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Exampleswhereasingleconceptinthetraditionalformat

financialstatement

is

represented

by

acombination

concept

elementintheUSGAAPTaxonomy:

Depreciation:Maybeabletousetheelement

Depreciation,

Depletion

and

Amortization.FilerhasaseparatefootnoteforOrganization

andonefor

BasisofPresentation:Donotusestandardelement

Organization,Consolidation,andPresentationofFinancial

Statements.

Filermustcreatecustomelementsforboth.


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Staff Observations


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1.Periodtype,

2.ItemType,

3.Definition, 4.Standardlabel,and 5.References.Look at the choice of element available and screen them

basedon

being

instant

or

duration.

Then

determine

the

most specific type attribute. Then look at the definition and

determinethatitcaptures

allfactsinthatlineitemanddoes

not

exclude

allfactsinthelineitem.Then,ifthereisachoice

betweenelementsintheUSGAAPtaxonomy,usetheelement

withthe

narrowest

definition.

Finally,

ifthere

is

still

achoice

between elements, use the standard label to differentiate

betweentheelements.

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Staff Observations


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1.Periodtype,

2.ItemType,3.Definition, 4.Standardlabel,and 5.References.

EFM

6.6.28

When

there

is

a

choice

among

different

elements having distinct link:reference

elements in a

standardtaxonomy,usetheelementwiththemostspecific

reference.

Look at the choice of elements available and screen them

basedonbeinginstant

orduration.Thendeterminethe

mostspecifictypeattribute.Thenlookatthedefinitionand

determine

that

itcaptures

all

facts

in

that

line

item

and

does not

exclude

any facts in the line item. If there is a

choicebetweenelementsintheUSGAAPtaxonomyusethe

element with the narrowest

definition. Then look to the

standard label, and finally look to the references to

differentiatethe

elements

using

the

most

specific

reference.

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Staff Observations


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Standardelementwithanarrowerdefinitionappearsmoreappropriate Example:PaidinCapital

whenPaidinCapital,CommonStock

maybemore

appropriate

Standardelementwithabroaderdefinitionappearsmoreappropriate ExampleLongtermdebt

TextBlockwhereDebtdisclosure

elementmaybe

moreappropriateasLongandShortTermdebtismentionedinthe

note.

Newelementcreated,butastandardelementappearsappropriate ExampleistheextensionSalarieswagesandbenefits

whenstandardelement

LaborandRelatedExpenses

maybemoreappropriate.

Standardelement

used,

but

anew

element

should

have

been

created

ForexampleusingthetagPrepaidexpenses

forthelineitemPrepaid

expensesandothercurrentassets


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StaffObservationsonExtensions

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Staff Observations


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Periodtype,

ItemType,

Documentationstring

(Definition),

Standardlabelstring(Label),and

References.

StaffObservationsExtensions

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Staff Observations


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Custom Element for Interest and OtherIncome, Net

Period type: Duration

Item type: Monetary

Balance type: CreditDefinition: Interest and other income, net ofother expenses.

Standard Label: Interest and Other Income,Net

Element Name: InterestAndOtherIncomeNetReference: Prohibited 30

StaffObservationsExtensions


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StaffObservationsonNegative

Valuesand

Negated

Labels

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Staff Observations


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Doyoureallymeantoenteranegativevalue?

First,

decide

whether

to

tag

an

element

with

a

positive

or negative value based on the elements standard

definitionandbalanceattribute.

StandardTaxonomy

is

designed

so

that

most

elements

willbetaggedwithpositivevalues.

Treasury stock on balance sheet has debit balanceattribute

while

other

stockholders

equity

accounts

have

creditbalanceattributes.

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StaffObservationsNegativeItems

Staff Observations


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Do you really mean to negate the label?Negate the label (reverse the sign) only to change

whether an amount is rendered within brackets.

Default position in Standard Label Link Base is setto positive.

A positive value will render without brackets unlesslabel is negated.

A negative value will render within brackets unlesslabel is negated.

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StaffObservationsNegatedItems


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Staff Observations


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Guiding principles:

1. Often, there will be more than one reasonable way to tagsignificant accounting policies

2. The best tagging approach will depend on the filers

particular facts and circumstances3. A filers headings and subheadings included in thefootnote may be useful guides in determining how to tag theinformation

4. Each paragraph in the significant accounting policies

footnote does not necessarily need to be separately tagged


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Staff Observations


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Significantaccountingpolicies A.RevenueRecognition:10paragraphs 6describeproductrevenues, 3franchisefees,and, 1shippingandhandling. B.CashandCashEquivalentsandShortTerm

Investments Comingleddiscussionofclassificationissuesrelatingtocashandcashequivalents andshort

term

investments.


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StaffObservations

onLevel

III

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Staff Observations


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Note12:Inventory

2009 2008

RawMaterials X,XXX X,XXX

WorkinProcess X,XXX X,XXX

FinishedGoods X,XXX X,XXX

Total X,XXX X,XXX

StaffObservationsLevelIII

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Extendforthistextblock

Staff Observations


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Note24:Segments9months 9months 3months 3months

Incomestatement

data 2009 2008 2009 2008

RevenuesDomestic X,XXX X,XXX X,XXX X,XXX

Revenueinternational X,XXX X,XXX X,XXX X,XXX

Net

loss

domestic X,XXX X,XXX X,XXX X,XXXNetlossinternational X,XXX X,XXX X,XXX X,XXX


39MayuseoneortwoTextBlocks

Balancesheetdata 2009 2008

TotalAssets X,XXX X,XXX

Domestic X,XXX X,XXX

International X,XXX X,XXX

Total X,XXX X,XXX

Staff Observations


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Note12:Inventory

2009 2008




Total X,XXX X,XXX


40

2009RawMaterials X,XXX

WorkinProcess X,XXX

FinishedGoods X,XXX

Total X,XXX

2008

RawMaterials X,XXX

Workin

Process X,XXX

FinishedGoods X,XXX

Total X,XXX

Filer1Filer2

SingleTextBlock

Mayuse

one

or

twoTextBlocks

Staff Observations


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41Mayusesingleormultipletextblocks


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StaffObservations

onLevel

IV

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Staff Observations


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Note12:Inventory

2009 2008




Total X,XXX X,XXX

StaffObservationsLevelIV

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Staff Observations and Best Practices


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Use the standard elements and structures even if the table format is differentfrom the traditional format financial statements. (FAQ 38)

Land

[Member]

Buildings

[Member]

Furnitureand

Fixtures[Member]

Construction inProgress[Member]

Total

Property, Plant and Equipment,Gross

Accumulated Depreciation,Depletion and Amortization, PropertyPlant and Equipment

Property, Plant and Equipment, Net,Total

Types of Property, Plant and Equipment [Domain]

Domain Members

Facts

LineItems

44

StaffObservationsandBestPracticesLevelIV

Staff Observations and Best Practices


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Land

[Member]

Buildings

[Member]

Furniture

and

Fixtures

[Member]

Construction

inProgress

[Member]

Property,Plantand

Equipment,Gross

X,XXX X,XXX X,XXX X,XXX

Land X,XXX

Buildings X,XXX

FurnitureandFixtures X,XXX

Construction

in

Progress X,XXX

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StaffObservationsandBestPracticesLevelIV

Extractof

Traditional

format

PP&E

table

Dimensionaltableformat


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Inventory Footnote

This example is not intended to represent a complete footnotedisclosure. Information has been extracted and summarized for thepurpose of illustrating certain mapping and rendering issues.


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Note 7 - Inventory

The components of inventory were as follows:Year ended December 31,

(in millions) 2010 2009Raw materials $200 $400

Work in process 75 50Finished goods 425 450Total $700 $900

Inventory Traditional Format


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Inventory - Level 1


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Inventory - Level 3

l 4


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Inventory - Level 4


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Restructuring Footnote



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Restructuring Traditional Format

NOTE7.RESTRUCTURINGCHARGES

PlanBRestructuringChargesInthefourthquarterof2009,weinitiatedourPlanBrestructuringprogram,consistingofreductionsinworkforceofapproximately600

fulltimepositionsandtheconsolidationoffacilities,inordertoreduceouroperatingcostsandfocusourresourcesonkeystrategicpriorities.In

connectionwiththisrestructuringprogram,werecordedrestructuringchargesinthefourthquarterof2009totaling$32.8millionrelatedto

termination

benefits

for

the

elimination

of

approximately

300

of

the

600

full

time

positions.

As

of

December

31,

2009,

$1.7

million

was

paid.Inthesecondquarterof2010,wediscontinueduseofapproximately70,000squarefeetofresearchanddevelopmentandsales

facilities.

Weaccrued$5.3millionforthefairvalueofourfuturecontractualobligationsundertheseoperatingleasesusingourcreditadjustedrisk

freeinterestrate,estimatedatapproximately6%asofthedate

weceasedtousetheleasedproperties.Thisamountisnetofthefairvalueoffuture

estimatedsubleaseincomeofapproximately$3.3million.Wealso

recordedchargesof$2.4millionforterminationbenefitsfortheeliminationof

approximately125oftheremaining300fulltimepositionsexpectedtobeterminated.

Inthethirdquarterof2010,weaccruedanadditional$0.2millionunderthisprogramforterminationbenefitsrelatedtotheeliminationof

approximately

23

of

the

remaining

175

full

time

positions

expected

to

be

terminated.

In

the

fourth

quarter

of

2010,

we

accrued

an

additional

$0.7

millionunderthisprogramforterminationbenefitsrelatedtotheeliminationofsubstantiallyalloftheremainingfulltimepositionsexpectedtobe

terminated.Includedintheotheradjustmentscolumnareforeign

currencytranslationadjustmentsof$0.4millionandsmallchangestoprevious

estimates.

ThefollowingtablesetsforthasummaryofrestructuringactivitiesduringtheyearendedDecember31,2010:

December 31,2009

CostsIncurred

CashPayments Other Adj

December 31,2010

Total Costs

Incurred toDate

Total Costs

Expected to beIncurred

Termination benefits $31.1 $3.3 $(34.1) $0.7 $1.0 $36.8 $36.9

Cost of closingfacilities - 5.3 (2.1) - 3.2 5.3 5.3

Total $31.1 $8.6 $(36.2) $0.7 $4.2 $42.1 $42.2


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Restructuring Level 1

R t t i L l 3


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Fair Value Footnote


Fair Value Traditional Format


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Fair Value Traditional Format

Fair Value Traditional Format cont


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Fair Value Traditional Format cont

F i V l L l 1


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Fair Value Level 1


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Fair Value Level 1 cont

Fair Value Level 3


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Fair Value Level 3

Fair Value Level 4


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Fair Value Level 4



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Fair Value Level 4 cont.



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Fair Value Level 4 con t.


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Draft Changes to the EDGAR FilerManual version 14

f h i GA il l


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Draft changes in EDGAR Filer Manual

6.5.26 added to accommodate filers havingmultiple classes of shares outstanding(and 6.5.21 correspondingly relaxed)

6.5.21 dei:DocumentFiscalYearFocus anddei:DocumentFiscalPeriodFocus now

required for 10-K, 10-Q, 20-F, 40-F, 6-K, N-Q, N-CSR, and N-CSRS filings

6.5.31 Removed; footnotes do not require

the order attribute.

6.16.2 Removed; dimension-default arcs

need only conform to XBRL 2.1 and XBRLDimensions 1.0 constraints.



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Fiscal Year and Period Focusdei:DocumentFiscalYearFocus

Value format is CCYY, e.g. 2010

dei:DocumentFiscalPeriodFocus

Value is one of: FY, Q1, Q2, Q3, Q4, H1, H2, M9,

T1, T2, T3, M8, CY.

WRN: XBRL WARNING MESSAGE

MSG: Warning: [im-0521-doctype-missing-document-fiscal-year-focus] The instance

document has dei:DocumentType of 10-K but does not have a value for the

fiscal year focus.

LOC: LINE NUMBER: 0

WRN: XBRL WARNING MESSAGE

MSG: Warning: [im-0521-doctype-missing-document-fiscal-period-focus] The instancedocument has dei:DocumentType of 10-K but does not have a value for the

fiscal period focus.

LOC: LINE NUMBER: 0

f g

D f h i EDGAR Fil M l


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6.5.26 An instance with dei:DocumentType of 10-K, 10-Q,

20-F, or 40-F must have at least one

dei:EntityCommonStockSharesOutstanding fact for each

class of stock outstanding.

IfanentityrepresentedintheRequiredContexthasonlyoneclassofcommonstock

outstanding,thennomatterwhattheshareclassisnamed,theinstancerequiresonly

onedei:EntityCommonStockSharesOutstanding fact,andthecontextofthatfactwillhaveanxbrli:instant

equaltothemeasurementdate,andthatcontextwillhaveno

xbrli:segment

element.

IftheentityrepresentedintheRequiredContexthasmultipleclassesofcommon

sharesoutstanding,

then

the

instance

must

not

have

any

dei:EntityCommonStockSharesOutstanding

factinanycontextwithoutan

xbrli:segment.Instead,theinstancemusthaveadistinctcontextfor

eachclassofcommonstockoutstanding,andeachcontextwillhavexbrli:instant

equaltothemeasurementdate,anxbrli:segment with

an

explicit

member

of

the

us

gaap:StatementClassOfStockAxis foreachclassofstock,andadei:EntityCommonStockSharesOutstanding factineachsuchcontext.



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Using EDGAR Test Filings to CheckValidation and Using the Previewer


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Using EDGAR Test Filings to CheckValidation


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Using the Previewer


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Contact the SEC


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XBRL.SEC.GOV

[email protected]

202-551-4144

Office of Interactive Disclosure

Mail Stop 6561 D100 F Street, N.E.Washington, DC 20549

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