Item 2.06 Material Impairments

On November 25, 2008, the management of McCormick & Company, Incorporated (the "Company"), following discussions with its Board of Directors and its auditors, concluded that the Company will record an impairment charge representing a reduction in the value of its Silvo brand in the fourth quarter of fiscal 2008.

The financial results of the Silvo business, which was acquired by the Company in 2004, have been affected by a reduction in retail distribution driven by changing market conditions. The Company has been pursuing an aggressive plan to build sales and profit for the Silvo brand; however, execution of the plan has been below original expectations. As a result of the Company's annual impairment testing, and in accordance with the Financial Accounting Standards Board's Statement No. 142, "Goodwill and Other Intangible Assets," the Company will record a non-cash impairment charge of $28 to $32 million in the fourth quarter of fiscal 2008. The final amount of the charge will be announced in January with the Company's fiscal year-end financial results.

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