Black & Decker 2012 Annual Report Download - page 54

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40
not describe the actual state of affairs as of the date they were made or at any other time and should not be relied on by any
person other than the parties thereto in accordance with their terms. Additional information about the Company may be found
in this Annual Report on Form 10-K and the Company's other public filings, which are available without charge through the
SEC's website at http://www.sec.gov.
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
The Company incorporates by reference the material captioned “Market Risk” in Item 7 and in Note I, Derivative Financial
Instruments, of the Notes to Consolidated Financial Statements in Item 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
See Item 15 for an index to Financial Statements and Financial Statement Schedules. Such Financial Statements and Financial
Statement Schedules are incorporated herein by reference.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURE
None.
ITEM 9A. CONTROLS AND PROCEDURES
The management of Stanley Black & Decker (the “Company”) is responsible for establishing and maintaining adequate internal
control over financial reporting. Internal control over financial reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in
accordance with accounting principles generally accepted in the United States of America. Because of its inherent limitations,
internal control over financial reporting may not prevent or detect misstatements.
Management has assessed the effectiveness of the Company’s internal control over financial reporting as of December 29,
2012. In making its assessment, management has utilized the criteria set forth by the Committee of Sponsoring Organizations
(“COSO”) of the Treadway Commission in Internal Control — Integrated Framework. Management concluded that based on
its assessment, the Company’s internal control over financial reporting was effective as of December 29, 2012. Ernst & Young
LLP, the auditor of the financial statements included in this annual report, has issued an attestation report on the registrant’s
internal control over financial reporting, a copy of which appears on page 51.
Under the supervision and with the participation of management, including the Company’s Chief Executive Officer and its
Senior Vice President and Chief Financial Officer, the Company has, pursuant to Rule 13a-15(b) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), evaluated the effectiveness of the design and operation of its disclosure
controls and procedures (as defined under Rule 13a-15(e) of the Exchange Act). Based upon that evaluation, the Company’s
Chief Executive Officer and its Senior Vice President and Chief Financial Officer have concluded that, as of December 29,
2012, the Company’s disclosure controls and procedures are effective. There has been no change in the Company’s internal
control over financial reporting that occurred during the fiscal year ended December 29, 2012 that has materially affected, or is
reasonably likely to materially affect, the Company’s internal control over financial reporting.
ITEM 9B. OTHER INFORMATION
None