Material charges or credits...specifically related to operations of prior periods
• Material charges or credits resulting from unusual sales of assets not acquired for resale and not of the type in which the company usually deals;

 
• Material losses of a type not usually insured against, such as those resulting from wars, riots, earthquakes, and similar calamities or catastrophes except where such losses are a recurrent hazard of the business

 
• The write-off of a material amount of intangibles

 
• The write-off of material amounts of unamortized bond discount or premium and bond issue expenses at the time of retirement or refunding of the debt before maturity

Material gains or losses (or provision for losses) from:

• the sale of a plant or a significant segment of the business

 
• the sale of an investment not acquired for resale

 
• the write-off of goodwill due to unusual events or developments within the period

 
• the condemnation or expropriation of properties

 
• a major devaluation of a foreign currency

 

• write-downs of receivables, inventories and research and development costs

 

• adjustments of accrued contract prices

 

• gains or losses due to fluctuations of foreign exchange

Presumption: gains or losses are ordinary

The following are not to be treated as extraordinary:

• write-down or write-off of receivables, inventories, equipment leased to others, deferred research and development costs, or other intangible assets

 
• gains or losses from exchange or translation of foreign currencies, including those related to major devaluations and revaluations

 
• gains or losses on disposal of a business

 
• other gains or losses from sale or abandonment of property, plant, or equipment used in the business

 
• effects of a strike, including those against competitors and major suppliers

 
• adjustment of accruals on long term contracts.