Black & Decker CYCLONE BLC12600BUC Manuel d'utilisateur télécharger pdf (Page 8)

POWERBOLT KEYLESS ACCESS SYSTEM; WEISERBOLT; ENTRYSETS; BEVERLY; FAIRFAX; CORSAIR; DANE;

GALIANO; KIM COLUMBIA; FASHION; HERITAGE; COVE; and HOME CONNECT TECHNOLOGY. Plumbing products are

marketed under a variety of trademarks and trade names, including, without limitation, PRICE PFISTER; PFIRST SERIES BY

PRICE PFISTER; PRICE PFISTER PROFESSIONAL SERIES; AMHERST; AVALON; ASHFIELD; BEDFORD; BIXBY;

BRISTOL; BROOKWOOD; CARMEL; CATALINA; CLAIRMONT; CONTEMPRA; FALSETTO; GENESIS; GEORGETOWN;

HANOVER; HARBOR; KENZO; LANGSTON; MARIELLE; PASADENA; PARISA; PICARDY; PORTLAND; PORTOLA;

REMBRANDT; SANTIAGO; SAVANNAH; SAXTON; SEDONA; SHELDON; SKYE; TREVISO; UNISON; VEGA; and

VIRTUE.

The composition of the Corporation’s sales by product groups for 2009, 2008, and 2007 is included in Note 17 of Notes to

Consolidated Financial Statements included in Item 8 of Part II of this report. Within each product group shown, there existed no

individual product that accounted for greater than 10% of the Corporation’s consolidated sales for 2009, 2008, or 2007.

The Corporation’s product offerings in the Hardware and Home Improvement segment are sold primarily to retailers, wholesalers,

distributors, and jobbers. Certain security hardware products are sold to commercial, institutional, and industrial customers. Sales to

two of the segment’s customers, The Home Depot and Lowe’s Companies, Inc., accounted for greater than 10% of the Corporation’s

consolidated sales for 2009, 2008, and 2007. For additional information regarding sales to The Home Depot and Lowe’s Companies,

Inc., see Note 17 of Notes to Consolidated Financial Statements included in Item 8 of Part II of this report.

Most of the Corporation’s security hardware products sold in the United States carry a warranty, pursuant to which the consumer can

return defective product during the warranty term in exchange for a replacement product at no cost to the consumer. Warranty terms

vary by product and carry a lifetime warranty with respect to mechanical operations and range from a 5-year to a lifetime warranty

with respect to finish. Products sold outside of the United States for residential use generally have similar warranty arrangements.

Such arrangements vary, however, depending upon local market conditions and laws and regulations. Most of the Corporation’s

plumbing products sold in the United States carry a lifetime warranty with respect to function and finish, pursuant to which the

consumer can return defective product in exchange for a replacement product or repair at no cost to the consumer.

The principal materials used in the manufacturing of products in the Hardware and Home Improvement segment are zamak, brass,

zinc, steel, and copper. The materials used in the various manufacturing processes are purchased on the open market, and the majority

are available through multiple sources and are in adequate supply. The Corporation has experienced no significant work stoppages to

date as a result of shortages of materials.

The Corporation has certain long-term commitments for the purchase of various finished goods, component parts, and raw materials.

Since the onset of the global economic crisis in 2008, certain of the Corporation’s suppliers have experienced financial difficulties and

the Corporation believes it is possible that a limited number of suppliers may either cease operations or require additional financial

assistance from the Corporation in order to fulfill their obligations. However, alternate sources of supply at competitive prices are

available for most items for which long-term commitments exist. Because the Corporation is a leading producer of residential security

hardware and faucets, in a limited number of instances, the magnitude of the Corporation’s purchases of certain items is of such

significance that a change in the Corporation’s established supply relationship may cause disruption in the marketplace and/or a

temporary price imbalance. While the Corporation believes that the termination of any of these commitments would not have a

material adverse effect on the operating results of the Hardware and Home Improvement segment over the long term, the termination

of a limited number of these commitments would have an adverse effect over the short term. In this regard, the Corporation defines

long term as a period of time in excess of 12 months and short term as a period of time under 12 months.

From time to time, the Corporation enters into commodity hedges on certain raw materials used in the manufacturing process to

reduce the risk of market price fluctuations. Additional information with respect to the Corporation’s commodity hedge program,

utilizing derivative financial instruments, is included in Notes 1 and 10 of Notes to Consolidated Financial Statements included in

Item 8 of Part II of this report.

Principal manufacturing and assembly facilities of the Hardware and Home Improvement segment in the United States are located in

Denison, Texas; and Reading, Pennsylvania. The principal distribution facilities in the United States, other than those located at the

manufacturing and assembly facilities listed above, are located in Mira Loma, California; and Charlotte, North Carolina.

Principal manufacturing and assembly facilities of the Hardware and Home Improvement segment outside of the United States are

located in Mexicali and Nogales, Mexico; and Xiamen, China.

For additional information with respect to these and other properties owned or leased by the Corporation, see Item 2, “Properties.”

The Corporation holds various patents and licenses on many of its products and processes in the Hardware and Home Improvement

segment. Although these patents and licenses are important, the Corporation is not materially dependent on such patents or licenses

with respect to its operations.

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

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