SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 15, 2004
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THE BLACK & DECKER CORPORATION
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(Exact name of registrant as specified in its charter)
Maryland 1-1553 52-0248090
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(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification Number)
701 East Joppa Road, Towson, Maryland 21286
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 410-716-3900
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
As more fully described in Note 17 of Notes to Consolidated Financial Statements
included in Item 8 of the Corporation's Annual Report on Form 10-K for the year
ended December 31, 2003 ("Note 17"), the Corporation assesses the performance of
its reportable business segments based upon a number of factors, including
segment profit. For segment reporting purposes, segment assets and elements of
segment profit are translated using budgeted rates of exchange. Budgeted rates
of exchange are established annually and, once established, all prior period
segment data is restated to reflect the translation of segment assets and
elements of segment profit at the current year's budgeted rates of exchange.
Amounts included in the first table of Note 17 under the captions "Reportable
Business Segments", and "Corporate, Adjustments, & Eliminations" are reflected
at the Corporation's budgeted rates of exchange for 2003. The amounts included
in that table under the caption "Currency Translation Adjustments" represent the
difference between consolidated amounts determined using the budgeted rates of
exchange for 2003 and those determined based upon the rates of exchange
applicable under accounting principles generally accepted in the United States.
The Corporation has established budgeted rates of exchange for 2004 and,
accordingly, segment data for prior periods has been updated to reflect the
translation of segment assets, elements of segment profit, and certain other
segment data at the budgeted rates of exchange for 2004.
For informational purposes, the Corporation has included as Exhibit 99.0 to this
Current Report on Form 8-K selected unaudited supplemental information about its
business segments for 2003, 2002, and 2001 updated to reflect the translation of
elements of segment profit and certain other segment data at the budgeted rates
of exchange for 2004.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99.0 Selected unaudited supplemental information about the
Corporation's business segments for each of the three years in
the period ended December 31, 2003, and for each of the quarters
in the years ended December 31, 2003 and 2002.
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THE BLACK & DECKER CORPORATION
S I G N A T U R E S
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE BLACK & DECKER CORPORATION
By /s/ CHRISTINA M. MCMULLEN
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Christina M. McMullen
Vice President and Controller
Date: April 15, 2004