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Settlement costs totaled $470 million.
The potential hit to revenue, not settlement costs, is the real fear.
Since 2003, it has barred companies from deducting settlement costs as a business expense.
Many claims also involve court litigation, which greatly magnifies settlement costs.
Recently, the number of suits has declined slightly, but the settlement costs have risen.
Settlement costs include the payment of points, transfer tax and lawyer fees.
Tobacco producers have transferred those settlement costs to smokers through higher prices.
The automaker will take a one-time $1.1 billion charge to its earnings cover the settlement costs.
It will book an after-tax charge of approximately $1 billion for the settlement costs in the second quarter.
Similar(2)
Philip Morris led three industrywide price increases in 2000, which helped cigarette makers pay tobacco-settlement costs and increase profit.
Rationale For the Practice of Home Sellers Paying Settlement Costs.
Related(20)
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regulation costs
housing costs
colony costs
resettlement costs
solution costs
referred costs
rules costs
regulations costs
settling costs
solutions costs
addressing costs
tackling costs
settlement discussions
settlement companies
settlement patterns
settlement dates
settlement talks
settlement deals
settlement changes
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