associated with foreign currency hedges. The higher level of cash generated from working capital in 2009, as compared to 2008, was
primarily due to lower inventory levels.
As part of its capital management, the Corporation reviews certain working capital metrics. For example, the Corporation evaluates its
trade receivables and
30
Source: BLACK & DECKER CORP, 10-K, February 19, 2010 Powered by Morningstar
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