Black & Decker CYCLONE BLC12600BUC Manuel d'utilisateur télécharger pdf (Page 76)

Balance at December 31 $ 260.3 $ 231.5 $ 317.4

The liabilities for unrecognized tax benefits at December 31, 2009 and 2008, include $39.1 million and $38.0 million, respectively, for

which the disallowance of such items would not affect the annual effective tax rate. However, the timing of the realization of the tax

benefits is uncertain. Such uncertainty would not impact tax expense but could affect the timing of tax payments to taxing authorities.

The Corporation recognizes interest and penalties relating to its liabilities for unrecognized tax benefits as an element of tax expense.

During the years ended December 31, 2009, 2008 and 2007, the Corporation recognized $7.3 million, $13.4 million and $20.7 million,

respectively, in interest as a component of tax expense. Penalties were not significant.

The Corporation conducts business globally and, as a result, the Corporation and/or one or more of its subsidiaries file income tax

returns in the federal and various state jurisdictions in the U.S. as well as in various jurisdictions outside of the U.S. In certain

jurisdictions, the Corporation is either currently in the process of a tax examination or the statute of limitations has not yet expired.

The Corporation generally remains subject to examination of its U.S. federal income tax returns for 2006 and later years, except as

disclosed below. In the U.S., the Corporation generally remains subject to examination of its various state income tax returns for a

period of four to five years from the date the return was filed. The state impact of any federal changes remains subject to examination

by various states for a period up to

Source: BLACK & DECKER CORP, 10-K, February 19, 2010 Powered by Morningstar

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Black & Decker CYCLONE BLC12600BUC Manuel d'utilisateur Page 76