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Moog Inc. – ‘10-Q’ for 12/28/19 – ‘EX-18’

On:  Friday, 1/24/20, at 3:22pm ET   ·   For:  12/28/19   ·   Accession #:  67887-20-11   ·   File #:  1-05129

Previous ‘10-Q’:  ‘10-Q’ on 7/26/19 for 6/29/19   ·   Next:  ‘10-Q’ on 4/24/20 for 3/28/20   ·   Latest:  ‘10-Q’ on 4/26/24 for 3/30/24

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  As Of               Filer                 Filing    For·On·As Docs:Size

 1/24/20  Moog Inc.                         10-Q       12/28/19  104:9M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.03M 
 2: EX-18       Letter re: Change in Accounting Principles          HTML     31K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     36K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     36K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     31K 
54: R1          Document and Entity Information - DEI Document      HTML     87K 
90: R2          Consolidated Condensed Statements of Earnings       HTML     83K 
81: R3          Consolidated Condensed Statements of Comprehensive  HTML     51K 
                Income (Loss)                                                    
18: R4          Consolidated Condensed Balance Sheets               HTML    139K 
53: R5          Consolidated Condensed Statements of Shareholders'  HTML    119K 
                Equity Statement                                                 
89: R6          Consolidated Condensed Statements of Shareholders'  HTML     32K 
                Equity (Parenthetical)                                           
80: R7          Consolidated Condensed Statements Of Cash Flows     HTML    130K 
17: R8          Basis Of Presentation                               HTML    166K 
55: R9          Revenue from Contracts with Customers               HTML     62K 
61: R10         Acquisitions, Divestitures and Equity Method        HTML     33K 
                Investments                                                      
94: R11         Receivables                                         HTML     46K 
34: R12         Inventories                                         HTML     40K 
22: R13         Property, Plant and Equipment                       HTML     45K 
63: R14         Leases                                              HTML     80K 
95: R15         Goodwill And Intangible Assets                      HTML     85K 
35: R16         Indebtedness                                        HTML     58K 
23: R17         Other Accrued Liabilities                           HTML     58K 
64: R18         Derivative Financial Instruments                    HTML     70K 
93: R19         Fair Value                                          HTML     54K 
57: R20         Employee Benefit Plans                              HTML     65K 
19: R21         Restructuring                                       HTML     42K 
78: R22         Income Taxes                                        HTML     32K 
87: R23         Accumulated Other Comprehensive Income (Loss)       HTML     96K 
58: R24         Stock Employee Compensation Trust and Supplemental  HTML     31K 
                Retirement Plan Trust                                            
20: R25         Earnings Per Share and Dividends                    HTML     40K 
79: R26         Segment Information                                 HTML    107K 
88: R27         Related Party Transactions                          HTML     33K 
56: R28         Commitments and Contingencies                       HTML     36K 
21: R29         Subsequent Event                                    HTML     31K 
26: R30         Basis Of Presentation (Policies)                    HTML     50K 
37: R31         Basis Of Presentation Basis Of Presentation         HTML    148K 
                (Tables)                                                         
92: R32         Revenue from Contracts with Customers (Tables)      HTML     39K 
60: R33         Receivables (Tables)                                HTML     46K 
25: R34         Inventories (Tables)                                HTML     41K 
36: R35         Property, Plant and Equipment (Tables)              HTML     45K 
91: R36         Leases (Tables)                                     HTML     82K 
59: R37         Goodwill and Intangible Assets (Tables)             HTML     91K 
24: R38         Indebtedness (Tables)                               HTML     53K 
38: R39         Other Accrued Liabilities (Tables)                  HTML     60K 
13: R40         Derivative Financial Instruments (Tables)           HTML     66K 
49: R41         Fair Value (Tables)                                 HTML     51K 
86: R42         Employee Benefit Plans (Tables)                     HTML     68K 
77: R43         Restructuring (Tables)                              HTML     43K 
12: R44         Accumulated Other Comprehensive Income (Loss)       HTML     99K 
                (Tables)                                                         
48: R45         Earnings Per Share and Dividends (Tables)           HTML     38K 
85: R46         Segment Information (Tables)                        HTML    109K 
76: R47         Basis Of Presentation Basis of Presentation         HTML     78K 
                (Impact of Change in Accounting Principle on                     
                Consolidated Condensed Statement of Earnings)                    
                (Details)                                                        
11: R48         Basis Of Presentation Basis of Presentation         HTML     51K 
                (Impact on Change in Accounting Principle on                     
                Consolidated Condensed Balance Sheets) (Details)                 
50: R49         Revenue from Contracts with Customers Revenue from  HTML     56K 
                Contracts with Customers (Narrative) (Details)                   
40: R50         Revenue from Contracts with Customers (Contract     HTML     37K 
                Assets and Liabilities) (Details)                                
27: R51         Acquisitions, Divestitures and Equity Investments   HTML     43K 
                (Narrative) (Details)                                            
71: R52         Receivables (Schedule of Receivables) (Details)     HTML     48K 
103: R53         Inventories (Schedule of Inventory) (Details)       HTML     41K  
41: R54         Property, Plant and Equipment (Schedule of          HTML     48K 
                Property, Plant and Equipment) (Details)                         
28: R55         Leases (Components of Lease Expense) (Details)      HTML     38K 
72: R56         Leases (Supplemental Cash Flow Lease Information)   HTML     41K 
                (Details)                                                        
104: R57         Leases (Supplemental Balance Sheet Lease            HTML     60K  
                Information) (Details)                                           
39: R58         Leases Leases (Schedule of Maturities of Lease      HTML     67K 
                Liabilities) (Details)                                           
29: R59         Goodwill And Intangible Assets (Changes In          HTML     48K 
                Carrying Amount Of Goodwill) (Details)                           
73: R60         Goodwill And Intangible Assets (Goodwill            HTML     34K 
                Narrative) (Details)                                             
83: R61         Goodwill And Intangible Assets (Components Of       HTML     50K 
                Intangible Assets) (Details)                                     
51: R62         Goodwill And Intangible Assets Amortization of      HTML     32K 
                Acquired Intangibles (Details)                                   
15: R63         Goodwill And Intangible Assets Estimated Future     HTML     41K 
                Amortization of Acquired Intangibles (Details)                   
74: R64         Indebtedness (Components of Long-term debt)         HTML     58K 
                (Details)                                                        
84: R65         Indebtedness (Narrative) (Details)                  HTML     81K 
52: R66         Other Accrued Liabilities (Schedule of Other        HTML     47K 
                Accrued Liabilities) (Details)                                   
16: R67         Other Accrued Liabilities (Narrative) (Details)     HTML     34K 
75: R68         Other Accrued Liabilities (Summary of Activity in   HTML     43K 
                Warranty Accrual) (Details)                                      
82: R69         Derivative Financial Instruments (Narrative)        HTML     43K 
                (Details)                                                        
98: R70         Derivative Financial Instruments (Gains And Losses  HTML     33K 
                On Foreign Currency Forwards Included In Other                   
                Income Or Expense) (Details)                                     
69: R71         Derivative Financial Instruments (Fair Value And    HTML     57K 
                Classification Of Derivatives On The Consolidated                
                Balance Sheets) (Details)                                        
32: R72         Fair Value (Fair Values And Classification Of       HTML     52K 
                Financial Assets And Liabilities Measured On A                   
                Recurring Basis) (Details)                                       
44: R73         Fair Value Fair Value (Narrative) (Details)         HTML     34K 
97: R74         Employee Benefit Plans (Net Periodic Benefit        HTML     54K 
                Costs) (Details)                                                 
68: R75         Employee Benefit Plans (Defined Contribution        HTML     37K 
                Expense) (Details)                                               
31: R76         Restructuring (Schedule of Restructuring Reserve    HTML     49K 
                Activity) (Details)                                              
43: R77         Restructuring Restructuring (Narrative) (Details)   HTML     37K 
100: R78         Income Taxes (Narrative) (Details)                  HTML     35K  
65: R79         Accumulated Other Comprehensive Income (Loss)       HTML     57K 
                (Changes in AOCI by Component) (Details)                         
99: R80         Accumulated Other Comprehensive Income (Loss)       HTML     70K 
                (Reclassification from AOCI) (Details)                           
70: R81         Accumulated Other Comprehensive Income (Loss)       HTML     44K 
                (Activity and Classification of Derivative                       
                Deferral in AOCI) (Details)                                      
33: R82         Earnings Per Share and Dividends (Basic And         HTML     37K 
                Diluted Weighted-Average Shares Outstanding)                     
                (Details)                                                        
46: R83         Earnings Per Share and Dividends (Narrative)        HTML     35K 
                (Details)                                                        
96: R84         Segment Information (Segment Sales By Market Type)  HTML     55K 
                (Details)                                                        
67: R85         Segment Information (Segment Sales by Customer)     HTML     54K 
                (Details)                                                        
30: R86         Segment Information (Operating Profit By Segment    HTML     54K 
                And Reconciliation Of Segment Operating Profit To                
                Earnings Before Income Taxes) (Details)                          
42: R87         Related Party Transactions (Narrative) (Details)    HTML     41K 
102: R88         Commitments and Contingencies (Narrative)           HTML     52K  
                (Details)                                                        
66: R89         Subsequent Events (Narrative) (Details)             HTML     32K 
62: XML         IDEA XML File -- Filing Summary                      XML    198K 
45: XML         XBRL Instance -- a10-qdocumentxfy20xq1_htm           XML   2.34M 
101: EXCEL       IDEA Workbook of Financial Reports                  XLSX     94K  
 7: EX-101.CAL  XBRL Calculations -- mog-20191228_cal                XML    236K 
 8: EX-101.DEF  XBRL Definitions -- mog-20191228_def                 XML    710K 
 9: EX-101.LAB  XBRL Labels -- mog-20191228_lab                      XML   1.64M 
10: EX-101.PRE  XBRL Presentations -- mog-20191228_pre               XML   1.04M 
 6: EX-101.SCH  XBRL Schema -- mog-20191228                          XSD    167K 
47: JSON        XBRL Instance as JSON Data -- MetaLinks              393±   583K 
14: ZIP         XBRL Zipped Folder -- 0000067887-20-000011-xbrl      Zip    271K 


‘EX-18’   —   Letter re: Change in Accounting Principles


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  Exhibit  
Exhibit 18

January 24, 2020

Board of Directors
Moog Inc.
East Aurora, New York 14052

Ladies and Gentlemen:
Note 1 of the Notes to the Consolidated Condensed Financial Statements of Moog Inc. (the Company) included in its Quarterly Report on Form 10-Q for the three-month period ended December 28, 2019, describes the voluntary change in the Company’s method of accounting for determining the expected return for the fixed income assets held within the plan assets of the qualified U.S. defined benefit plan. The change in the method of computing expected returns on plan assets is from a method that utilizes a calculated value of plan assets that includes changes in the fair values of the plan assets over a period of five years to a method that includes the actual changes in the fair values of plan assets in the year they occur. There are no authoritative criteria for determining a “preferable” method of accounting for calculating the expected returns on plan assets based on the particular circumstances; however, we conclude that such a change in method of accounting is to an acceptable alternative method which, based on your business judgment to make this change and for the stated reason, is preferable in your circumstances. We have not conducted an audit in accordance with the standards of the Public Company Accounting Oversight Board (United States) of any financial statements of the Company as of any date or for any period subsequent to September 28, 2019, and therefore we do not express any opinion on any financial Statements of the Company subsequent to that date.

Very truly yours,

/s/ Ernst & Young LLP
Buffalo, New York







Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:1/24/208-K
For Period end:12/28/19
9/28/1910-K,  5,  DEF 14A
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Filing Submission 0000067887-20-000011   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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