Black & Decker 2014 Annual Report Download - page 118

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104
During 2014, the Company recognized $54 million ($49 million after tax), or $0.30 per diluted share, in charges on continuing
operations associated with merger and acquisitions-related charges related primarily to integration and consulting costs, as well
as employee-related matters.
The impact of these merger and acquisition-related charges and effect on diluted earnings per share by quarter was as follows:
Merger and Acquisition-Related Charges Diluted EPS Impact
• Q1 2014 — $4 million ($3 million after-tax)............................................................................ $0.02 per diluted share
• Q2 2014 — $4 million ($9 million after-tax)............................................................................ $0.06 per diluted share
• Q3 2014 — $6 million ($6 million after-tax)............................................................................ $0.04 per diluted share
• Q4 2014 — $40 million ($31 million after-tax)........................................................................ $0.19 per diluted share
During 2013, the Company recognized $390 million ($270 million after tax), or $1.70 per diluted share, in charges on
continuing operations associated with merger and acquisitions-related charges related primarily to the Black & Decker merger
and Niscayah and Infastech acquisitions, including facility closure-related charges, employee-related charges and integration
costs, as well as a restructuring reversal due to the termination of a previously approved restructuring action. Other charges
relate to the loss on extinguishment of debt.
Merger and Acquisition-Related Charges Diluted EPS Impact
• Q1 2013 — $106 million ($81 million after-tax)...................................................................... $0.51 per diluted share
• Q2 2013 — $5 million (($4) million after-tax) ......................................................................... ($0.03) per diluted share
• Q3 2013 — $67 million ($51 million after-tax)........................................................................ $0.32 per diluted share
• Q4 2013 — $212 million ($142 million after-tax).................................................................... $0.89 per diluted share