<SEC-DOCUMENT>0000000000-21-006729.txt : 20220302
<SEC-HEADER>0000000000-21-006729.hdr.sgml : 20220302
<ACCEPTANCE-DATETIME>20210528113006
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-21-006729
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20210528

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STANLEY BLACK & DECKER, INC.
		CENTRAL INDEX KEY:			0000093556
		STANDARD INDUSTRIAL CLASSIFICATION:	CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420]
		IRS NUMBER:				060548860
		STATE OF INCORPORATION:			CT
		FISCAL YEAR END:			0101

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		1000 STANLEY DR
		STREET 2:		P O BOX 7000
		CITY:			NEW BRITAIN
		STATE:			CT
		ZIP:			06053
		BUSINESS PHONE:		8602255111

	MAIL ADDRESS:	
		STREET 1:		1000 STANLEY DR
		CITY:			NEW BRITAIN
		STATE:			CT
		ZIP:			06053

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STANLEY WORKS
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
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<TEXT>
United States securities and exchange commission logo





                             May 28, 2021

       Donald Allan, Jr.
       Chief Financial Officer
       Stanley Black & Decker, Inc.
       1000 Stanley Drive
       New Britain, Connecticut 06053

                                                        Re: Stanley Black &
Decker, Inc.
                                                            Form 10-K for the
Fiscal Year Ended January 2, 2021
                                                            Filed February 18,
2021
                                                            File No. 001-05224

       Dear Mr. Allan, Jr.:

               We have reviewed your May 6, 2021 response to our comment letter
and have the
       following comment. In our comment, we may ask you to provide us with
information so we may
       better understand your disclosure.

              Please respond to this comment within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comment applies to your facts and circumstances, please tell us why in
your response.

              After reviewing your response to this comment, we may have
additional
       comments. Unless we note otherwise, our references to the prior comment
are to the comment in
       our April 26, 2021 letter.

       Form 10-K for the Fiscal Year ended January 2, 2021

       Financial Statements
       Notes to Consolidated Financial Statements
       J. Capital Stock, page 93

   1.                                                   We note your response
to our prior comment where you indicated that you evaluated the
                                                        settlement provisions
and concluded that, at inception, it was probable that your share
                                                        price would be at our
below the reference price, which would result in the issuance of a
                                                        fixed number of shares
upon settlement. Based on our analysis of your share price at the
                                                        time of issuance of
both the 2017 and 2019 equity units, and the reference prices
                                                        contained in both of
those equity unit agreements, it appears this conclusion is based on
                                                        the fact that you
believe it was probable at inception that your share price would remain
                                                        the same or decline
upon settlement three years later. Please provide the following
 Donald Allan, Jr.
Stanley Black & Decker, Inc.
May 28, 2021
Page 2
         information about the assumptions and the related outputs obtained
from the analysis you
         performed for both the 2017 and 2019 equity unit issuances:
             Tell us why an equity growth assumption was not used in your
baseline analyses and
             why you believe this assumption is reasonable.
             Explain how the equity growth assumption was incorporated in your
sensitivity
             analyses and how the sensitivity and baseline analyses interact to
arrive at your
             overall conclusion. For example, explain whether and how the
baseline and
             sensitivity analyses are weighted.
             The output from the model and assumptions utilized, including the
illustrative
             probability distribution, and the actual probability that your
share price will be less
             than or equal to the reference price in each of the contracts.
             Tell us whether you performed an overall analysis to evaluate the
output from the
             model. For example, tell us how you evaluated whether it was a
reasonable
             conclusion that it was probable that your share price would remain
the same or
             decline three years later in both 2017 and 2019 at the time of the
equity unit
             issuances. Explain if this outcome was consistent with other
internal projections you
             were making about your share price, such as for compensation or
other related
             projections or valuations.
         We may have further comment upon receipt of your response.
       You may contact Heather Clark at 202-551-3624 or Melissa Gilmore at
202-551-3777
with any questions.



FirstName LastNameDonald Allan, Jr.                            Sincerely,
Comapany NameStanley Black & Decker, Inc.
                                                               Division of
Corporation Finance
May 28, 2021 Page 2                                            Office of
Manufacturing
FirstName LastName
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