McCORMICK & COMPANY
 2008 ANNUAL REPORT

 
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        BUSINESS SEGMENT RESULTS

within the segments, products are not sold from one segment to another but rather inventory is transferred at cost. Intersegment sales are not material. Corporate assets include cash, deferred taxes, certain investments and fixed assets.
      A reconciliation of operating income excluding impairment and restructuring charges (which we use to measure segment profitability) to operating income is as follows:

 

Geographic Areas
We have net sales and long-lived assets in the following geographic areas:

Long-lived assets include property, plant and equipment, goodwill and intangible assets, net of accumulated depreciation and amortization.

 
 
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