AMD 2003 Annual Report Download - page 22

Table of Contents
To address anticipated future remediation costs under the orders, we have computed and recorded an estimated environmental liability of approximately
$3.3 million in accordance with applicable accounting rules and have not recorded any potential insurance recoveries in determining the estimated costs of the
cleanup. The progress of future remediation efforts cannot be predicted with certainty, and these costs may change. Environmental charges to earnings have not
been material during any of the last three fiscal years. We believe that the potential liability, if any, in excess of amounts already accrued, will not have a material
adverse effect on our financial condition or results of operation.
In 1998, the U.S. Environmental Protection Agency (EPA) identified us as one of hundreds of Superfund “potentially responsible parties” as a result of
disposal of waste at a regulated landfill in Santa Barbara County, California that was later abandoned by its owners and designated as a Superfund site by the
EPA. We have reached a settlement with EPA and completed payment. However, the public notification, judicial review and issuance of a consent decree remain
pending. The amount of the settlement did not have a material adverse effect on our financial condition or results of operations.
Other Matters
We are a defendant or plaintiff in various other actions that arose in the normal course of business. In the opinion of management, the ultimate disposition
of these matters will not have a material adverse effect on our financial condition or results of operations.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of security holders during the fourth quarter of the fiscal year covered by this report.
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Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004