Cover
Introduction
Business Description / Financial Highlights
Letter to Shareholders
A Discussion With Bob Lawless
We Know Flavor Inside Out
McCormick At-a-Glance
Leadership at McCormick
Financial Information
Management’s Discussion and Analysis
Executive Summary
Results of Operations 2005 compared to 2004
Results of Operations 2004 compared to 2003
Financial Condition
Acquisitions
B2K
Special Charges
Discontinued Operations
Market Risk Sensitivity
Contractual Obligations and Commercial Commitments
Off-Balance Sheet Arrangements
Recently Issued Accounting Pronouncements
Critical Accounting Estimates and Assumptions
Forward-Looking Information
Report of Management
Reports of Independent Registered Public Accounting Firm
Consolidated Financial Statements
Consolidated Statement of Income
Consolidated Balance Sheet
Consolidated Statement of Cash Flows
Consolidated Statement of Shareholders' Equity
Notes to Consolidated Financial Statements
Historical Financial Summary
Investor Information
Back Cover
Financial Information
Management’s Discussion and Analysis
Executive Summary
Results of Operations - 2005 compared to 2004
Results of Operations - 2004 compared to 2003
Financial Condition
Acquisitions
B2K
Special Charges
Discontinued Operations
Market Risk Sensitivity
Contractual Obligations and Commercial Commitments
Off-Balance Sheet Arrangements
Recently Issued Accounting Pronouncements
Critical Accounting Estimates and Assumptions
Forward-Looking Information
Report of Management
Reports of Independent Registered Public Accounting Firm
Consolidated Financial Statements
Consolidated Statement of Income
Consolidated Balance Sheet
Consolidated Statement of Cash Flows
Consolidated Statement of Shareholders' Equity
Notes to Consolidated Financial Statements
Summary of Significant Accounting Policies
Acquisitions
Discontinued Operations
Special Charges
Goodwill and Intangible Assets
Investments in Affiliates
Financing Arrangements
Financial Instruments
Pension and 401 (k) Retirement Plans
Postretirement Benefits Other than Pensions
Income Taxes
Stock-Based Compensation Plans
Earnings Per Share
Capital Stocks
Commitments and Contingencies
Business Segments and Geographic Areas
Supplemental Financial Statement Data
Selected Quarterly Data (Unaudited)
Historical Financial Summary
McCORMICK & COMPANY 2005 ANNUAL REPORT