Timken TKR Process Industries — Tangible Asset Impairment Charges
Discontinued — last reported Q4 '17
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Where this comes from
Reported directly by Timken in its filing.
Tagged under the XBRL concept us-gaap:TangibleAssetImpairmentCharges.
The official record: Timken’s 10-K, filed February 15, 2018, on SEC EDGAR. View the filing →
Questions, answered.
- What does process industries — tangible asset impairment charges mean?
- This metric captures non-cash charges recognized when the carrying amount of tangible long-lived assets, such as machinery or facilities, within the Process Industries segment exceeds their recoverable value. It indicates a reduction in the expected future economic benefit of the segment's physical asset base. High charges often signal technological obsolescence or underutilization of manufacturing capacity.