MTW » Topics » Other

This excerpt taken from the MTW 10-K filed Feb 28, 2006.
Other The company’s foreign operations are exposed to foreign currency translation risk.  The company’s Euro-denominated 175 million Senior Subordinated Notes due 2011 naturally hedges a significant amount of the translation risk with the company’s operations in Europe.  The currency effects of this foreign-denominated debt obligation is reflected in the accumulated other comprehensive income account within stockholders’ equity, where it offsets the translation impact of an equal amount of similarly foreign-denominated net assets of the European operations.

 

This excerpt taken from the MTW 10-K filed Mar 16, 2005.
Other The company’s foreign operations are exposed to foreign currency translation risk.  The company’s Euro-denominated 175 million Senior Subordinated Notes due 2011 naturally hedges a significant amount of the translation risk with the company’s operations in Europe.  The currency effects of this foreign-denominated debt obligation is reflected in the accumulated other comprehensive income (loss) account within stockholders’ equity, where it offsets the translation impact of an equal amount of similarly foreign-denominated net assets of the European operations.

 

This excerpt taken from the MTW 10-K filed Mar 14, 2005.
Other The company’s foreign operations are exposed to foreign currency translation risk.  The company’s Euro-denominated 175 million Senior Subordinated Notes due 2011 naturally hedges a significant amount of the translation risk with the company’s operations in Europe.  In addition, a large amount of the translation risk with the company’s Chinese operations are naturally hedged with locally denominated debt.  The currency effects of these foreign-denominated debt obligations are reflected in the accumulated other comprehensive income (loss) account within stockholders’ equity, where they offset the translation impact of an equal amount of similarly foreign-denominated net assets of the European and Chinese operations.

 

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