2.0.0.10 false Basis of Interim Financial Statement Preparation and Use of Estimates 0201 - Disclosure - Basis of Interim Financial Statement Preparation and Use of Estimates true false false false 1 usd $ false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Basis of Interim Financial Statement Preparation and Use of Estimates [Abstract] 0 gr_BasisOfInterimFinancialStatementPreparationAndUseOfEstimatesAbstract gr false na duration string Basis of Interim Financial Statement Preparation and Use of Estimates. false false false false false true false false false false false false 1 false false false false 0 0 false false false Basis of Interim Financial Statement Preparation and Use of Estimates. false 3 Basis of Interim Financial Statement Preparation and Use of Estimates 1 gr_BasisOfInterimFinancialStatementPreparationAndUseOfEstimatesTextBlock gr false na duration string Basis of Interim Financial Statement Preparation and Use of Estimates. false false false false false false false false false false false verboselabel false 1 false false false false 0 0    <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 0pt"><b></b> </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 1. Basis of Interim Financial Statement Preparation and Use of Estimates</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">The accompanying unaudited condensed consolidated financial statements of Goodrich Corporation and its subsidiaries have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and notes required by accounting principles generally accepted in the United States for complete financial statements. Unless indicated otherwise or the context requires, the terms “we,” “our,” “us,” “Goodrich” or “Company” refer to Goodrich Corporation and its subsidiaries. The Company believes that all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Certain amounts in prior year financial statements have been reclassified to conform to the current year presentation. Operating results for the three months ended March 31, 2010 are not necessarily indicative of the results that may be achieved for the twelve months ending December 31, 2010. For further information, refer to the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Discontinued Operations. </i></b>Unless otherwise noted, disclosures pertain to the Company’s continuing operations. Net income from discontinued operations for the three months ended March 31, 2010 and 2009 was $1.2 million and $0.5 million, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Use of Estimates. </i></b>The preparation of financial statements requires management to make estimates and assumptions that affect amounts recognized. Estimates and assumptions are reviewed and updated regularly as new information becomes available. During the three months ended March 31, 2010 and 2009, the Company changed its estimates of revenues and costs on certain long-term contracts primarily in its aerostructures and aircraft wheels and brakes businesses. The changes in estimates increased income from continuing operations before income taxes during the three months ended March 31, 2010 and 2009 by $16 million ($10 million after tax or $0.08 per diluted share) and $4.5 million ($2.8 million after tax or $0.02 per diluted share), respectively. These revisions were primarily related to favorable cost and operational performance, changes in volume expectations and to some extent, sales pricing improvements on follow-on contracts. </div> </div>  <!-- Begin Block Tagged Note false false false Basis of Interim Financial Statement Preparation and Use of Estimates. No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true