<SUBMISSION>
<ACCESSION-NUMBER>0000012355-06-000217
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20061215
<ITEMS>7.01
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20061215
<DATE-OF-FILING-DATE-CHANGE>20061215
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>BLACK & DECKER CORP
<CIK>0000012355
<ASSIGNED-SIC>3540
<IRS-NUMBER>520248090
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>1205
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>333-03593
<FILM-NUMBER>061278757
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>701 E JOPPA RD
<CITY>TOWSON
<STATE>MD
<ZIP>21286
<PHONE>4107163900
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>701 EAST JOPPA ROAD
<STREET2>MAIL STOP TW 290
<CITY>TOWSON
<STATE>MD
<ZIP>21286
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>BLACK & DECKER MANUFACTURING CO
<DATE-CHANGED>19850206
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k12152006a.htm
<DESCRIPTION>FORM 8-K FILED DECEMBER 15, 2006
<TEXT>
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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>UNITED STATES<BR>SECURITIES AND
EXCHANGE COMMISSION<BR>Washington, D.C. 20549 </FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 8-K </FONT></H1>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>CURRENT REPORT<BR>Pursuant to Section 13
or 15(d) of<BR>The Securities
Exchange Act of 1934 </FONT></H1>
<BR><BR>
<P ALIGN="Center"><FONT FACE="Times New Roman" SIZE="2"><B>Date of Report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;December 15, 2006
<BR><BR><BR><BR>
THE BLACK &amp; DECKER CORPORATION<BR>(Exact name of registrant as specified in its charter)</B></FONT></P>
<BR><BR>


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     <TH ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE="2"></FONT></TH>
     <TH ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE="2"></FONT></TH>
     <TH ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" WIDTH="37%"><FONT FACE="Times New Roman" SIZE="2"><B>Maryland <BR>
(State or other jurisdiction<BR>
&nbsp;&nbsp;of incorporation)
</B></FONT></TD>
     <TD ALIGN="CENTER" WIDTH="26%"><FONT FACE="Times New Roman" SIZE="2"><B>1-1553       <BR>
(Commission File Number)</B>
</FONT></TD>
     <TD ALIGN="CENTER" WIDTH="37%"><FONT FACE="Times New Roman" SIZE="2"><B>52-0248090     <BR>
(IRS Employer<BR>
&nbsp;Identification No.)</B>
</FONT></TD></TR>
</TABLE>
<BR><BR>

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<TR VALIGN="BOTTOM">
     <TH ALIGN="CENTER"></TH>
     <TH ALIGN="CENTER"></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="50%" ALIGN="CENTER">&nbsp;&nbsp;<FONT FACE="Times New Roman" SIZE="2"><B>701 East Joppa Road, Towson, Maryland   <BR>
(Address of principal executive offices)</B></FONT>
</TD>
     <TD WIDTH="50%" ALIGN="Center">&nbsp;&nbsp;<FONT FACE="Times New Roman" SIZE="2"><B>21286   <BR>
(Zip Code)</B></FONT>
</TD></TR>
</TABLE>

<BR><BR>
<P ALIGN="Center"><FONT FACE="Times New Roman" SIZE="2"><B>Registrant's telephone number, including area code&nbsp;&nbsp;&nbsp;410-716-3900</B></FONT></P>
<BR>
<P ALIGN="Center"><FONT FACE="Times New Roman" SIZE="2"><B>Not Applicable<BR>(Former name or former address, if changed since last report.)</B></FONT></P>



<P><FONT FACE="Times" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to  simultaneously  satisfy the filing  obligation
of the registrant under any of the following provisions:</FONT></P>

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     <TD WIDTH="3%"><FONT FACE="Times New Roman" SIZE="2">[ ]<BR>
[ ]<BR>
[ ]<BR>
[ ]
</FONT></TD>
     <TD WIDTH="97%"><FONT FACE="Times New Roman" SIZE="2">&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR>
&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
&nbsp;(17 CFR 240.14d-2(b))<BR>
&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
&nbsp;&nbsp;(17 CFR 240.13e-4(c))
</FONT></TD></TR>
</TABLE>

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<A NAME=A010></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-2-</FONT></P>

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<A NAME=A001></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 7.01 REGULATION FD
DISCLOSURE;<BR>ITEM 8.01 OTHER EVENTS. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On December 15,&nbsp;2006, the
Corporation announced that it was decreasing its earnings per share guidance for the quarter
and year ended December 31, 2006 due to lower-than-expected sales. Attached to this Current Report on Form 8-K as Exhibit
99 is a copy of the Corporation&#146;s related press release dated December 15,&nbsp;2006. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The information furnished under Items 7.01 and
8.01 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act
of 1934, nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth by specific reference in a
filing. </FONT></P>

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<A NAME=A002></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NON-GAAP FINANCIAL
MEASURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The press release attached as Exhibit
99 contains a non-GAAP financial measure within the meaning of Regulation G promulgated by
the Securities and Exchange Commission. The Corporation believes that this non-GAAP
financial measure provides information that is useful to the users of its financial
information regarding the Corporation&#146;s financial condition and results of
operations. Additionally, the Corporation uses this non-GAAP measure to evaluate its past
performance and prospects for future performance. The Corporation believes it is
appropriate to present this non-GAAP financial information for the following reasons: </FONT></P>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>o </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
In addition to measuring its cash flow generation and usage based upon operating,
investing, and financing activities classifications established under accounting
principles generally accepted in the United States, the Corporation also measures its free
cash flow. Free cash flow is a measure commonly employed by credit providers, and the
Corporation believes free cash flow provides supplemental information about the
Corporation&#146;s ability to fund its working capital needs and capital expenditures, and
to pay interest and service debt. The Corporation defines free cash flow as cash flow from
operating activities, less capital expenditures, plus proceeds from the disposal of assets
(excluding any proceeds from business sales). </FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>While the Corporation believes that
this non-GAAP financial measure is useful in evaluating the Corporation, this information
should be considered as supplemental in nature and not as a substitute for or superior to
the related financial information prepared in accordance with GAAP. Further, this non-GAAP
financial measure may differ from similar measures presented by other companies. </FONT></P>




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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-3-</FONT></P>


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<A NAME=A003></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 9.01 FINANCIAL
STATEMENTS AND EXHIBITS. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99 Press Release of the
Corporation dated December 15,&nbsp;2006. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99 shall not be deemed filed
for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, except as shall
be expressly set forth by specific reference in a filing. </FONT></P>




<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A004></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORWARD-LOOKING
STATEMENTS </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This Current Report on Form 8-K
contains &#147;forward-looking statements&#148; within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are
intended to come within the safe harbor protection provided by those statutes. By their
nature, all forward-looking statements involve risks and uncertainties, and actual results
may differ materially from those contemplated by the forward-looking statements. Several
factors that could materially affect the Corporation&#146;s actual results are identified
in Item 1A of Part I of the Corporation&#146;s Annual Report on Form 10-K for the year
ended December 31, 2005. </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-4-</FONT></P>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>THE BLACK &amp; DECKER
CORPORATION </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<A NAME=A006></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>S I G N A T U R E S </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized. </FONT></P>


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     <TD WIDTH="50%"><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
     <TD WIDTH="50%"><FONT FACE="Times New Roman" SIZE="2">THE BLACK &amp; DECKER CORPORATION<BR>
<BR>
<BR>
By:<U> /s/ CHRISTINA M. MCMULLEN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Christina M. McMullen<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and Controller<BR>

</FONT></TD></TR>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date: December 15, 2006 </FONT></P>

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<TYPE>EX-99
<SEQUENCE>2
<FILENAME>form8k12152006b.htm
<DESCRIPTION>EXHIBIT 99 FILED DECEMBER 15, 2006
<TEXT>
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<TR VALIGN="TOP">
     <TD WIDTH="55%" ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Contact:</FONT></TD>
     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Mark M. Rothleitner<BR>
Vice President<BR>
Investor Relations and Treasurer<BR>
410-716-3979<BR>
<BR>
Roger A. Young<BR>
Vice President<BR>
Investor and Media Relations<BR>
410-716-3979
</FONT></TD></TR>
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<A NAME=A001></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FOR IMMEDIATE RELEASE:
Friday, December 15, 2006</FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Subject:&nbsp;&nbsp;&nbsp;&nbsp;
Black &amp; Decker Decreases EPS Guidance for Fourth Quarter and Full Year 2006</FONT></P>




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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Towson, MD &#150; The Black &amp;
Decker Corporation (NYSE: BDK) today announced that, due to lower-than-expected sales, net
earnings per diluted share are anticipated to be $1.30-to-$1.35 for the fourth quarter of
2006 and approximately $6.50 for the full year. The Corporation expects to report a sales
decline of approximately 8% for the quarter, primarily because of weak conditions in the
United States. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nolan
D. Archibald, Chairman and Chief Executive Officer, commented, &#147;The demand
environment has weakened compared to recent quarters. In addition, orders from key
retailers have decreased much more sharply than sell-through. Therefore, our U.S. sales
have been significantly lower than we anticipated. We expect that the Power Tools and
Accessories segment will report a double-digit rate of sales decrease for the quarter,
driven by the U.S. business. The Hardware and Home Improvement segment and the Fastening
and Assembly Systems segment will likely report that sales decreased at low-to-mid single
digit rates. Although we have reduced our fixed cost base over the last several years, the
magnitude of the sales shortfall in our higher-margin U.S. businesses will result in EPS
well below our previous guidance. </FONT></P>

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<A NAME=A002></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(more) </FONT></P>

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<A NAME=A003></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page Two </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Looking
ahead, we expect the housing market and weaker demand for discretionary goods will put
pressure on our sales into 2007. While we do not expect that retailers will continue
reducing inventory as they have this quarter, they will likely remain cautious.
Considering this environment, ongoing commodity cost pressure and the strong results we
posted in early 2006, we face significant challenges in the first half of 2007. We will
provide detailed guidance for 2007 when we announce our fourth-quarter results in January. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;We
are disappointed that our end markets have weakened, but believe the execution of our
strategy has positioned the company effectively. The heightened level of new product
innovation that we achieved in 2006 will continue into 2007, and should bear fruit when
demand recovers. Cost reduction efforts will remain a high priority in 2007. As a result
of careful capital spending and inventory management, we expect to report over 100%
conversion of net earnings to free cash flow for 2006. The company will continue its focus
on cash generation. As always, we intend to deploy that cash with discipline and create
value for our shareholders.&#148; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Corporation will hold a conference call today at 10:00 a.m., E.T., to discuss the revised
guidance for the fourth quarter. Investors can listen to the conference call by visiting
http://www.bdk.com and clicking on the icon labeled &#147;Live Webcast.&#148; Listeners
should log-in at least ten minutes prior to the beginning of the event to ensure timely
access. A replay of the call will be available at http://www.bdk.com. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
release includes forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. By their
nature, all forward-looking statements involve risks and uncertainties. For a more
detailed discussion of the risks and uncertainties that may affect Black &amp;
Decker&#146;s operating and financial results and its ability to achieve the financial
objectives discussed in this press release, interested parties should review the
&#147;Risk Factors&#148; sections in Black &amp; Decker&#146;s reports filed with the
Securities and Exchange Commission, including the Annual Report on Form 10-K for the
fiscal year ended December 31, 2005. </FONT></P>

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<A NAME=A004></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(more) </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page Three </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
release contains a forward-looking statement with respect to management&#146;s expectation
that it will convert at least 100% of net earnings to free cash flow for 2006. Free cash
flow is a non-GAAP financial measure within the meaning of Regulation G promulgated by the
Securities and Exchange Commission. Free cash flow is defined by the Corporation as cash
flow from operating activities, less capital expenditures, plus proceeds from the disposal
of assets (excluding proceeds from business sales). The conversion ratio excludes from
free cash flow any tax payments associated with repatriating foreign earnings under the
American Jobs Creation Act of 2004. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Black
&amp; Decker is a leading global manufacturer and marketer of power tools and accessories,
hardware and home improvement products, and technology-based fastening systems. </FONT></P>


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