Quarterly report pursuant to Section 13 or 15(d)

Globalfoundries (Policy)

v2.3.0.15
Globalfoundries (Policy)
9 Months Ended
Oct. 01, 2011
Globalfoundries [Abstract]  
Cost Method Investments

Under the cost method of accounting, the Company no longer recognizes any share of GF's net income or loss in its condensed consolidated statement of operations. In addition, the Company reviews the carrying value of its investment in GF for impairment at each reporting period. Impairment indicators, among other factors, include significant deterioration in GF's earnings performance or business prospects, significant change in market conditions in which GF operates, and GF's ability to continue as a going concern. An impairment charge will be recorded if the carrying value of the investment exceeds its fair value, and such impairment is determined to be "other than temporary."