Question-and-Answer Session
Thank you. We will now begin the question-and-answer session. [Operator Instructions]. Our first question comes from Eric Katzman with Deutsche Bank. Please go ahead.
Eric Katzman - Deutsche Bank
Hi. Good morning everybody?
L. M. (Theo) de Kool - Executive Vice President and Chief Financial and Administrative Officer
Good morning Eric.
Eric Katzman - Deutsche Bank
I guess I want to kind of focus on cash flow for a minute. I know that '07... fiscal '07 and fiscal '08 are somewhat muted. Theo, are you expecting any significant cash flow restructuring charges or other items to kind of flow through over the next year or so?
L. M. (Theo) de Kool - Executive Vice President and Chief Financial and Administrative Officer
For the full year Eric, I think, we have said that we expect something like $130 million to flow through the cash flow that's baked into our guidance of $350 million to $450 million. So it's the fresh [ph] versus normal still, and the other element that I mentioned during the 'Meet the Management' in September last year is substantial tax charge because we repatriated money in the first quarter of fiscal '08 and we took that from an accrual that we made already in '06. But the cash flow will be impacted and that impact is somewhat like I would say $400 million.
Eric Katzman - Deutsche Bank
Great, but that's an... a fiscal '08 number?
L. M. (Theo) de Kool - Executive Vice President and Chief Financial and Administrative Officer
That's a fiscal '08 number that's all baked into the guidance of fourth quarter.
Eric Katzman - Deutsche Bank
But in terms of the '09, I know it's pulling out a little bit, but it seems like most of the restructuring actives is kind of ending and so that cash flow impact should come close to end and then the repatriation issue should also kind of end.
L. M. (Theo) de Kool - Executive Vice President and Chief Financial and Administrative Officer
I can only repeat what I said during 'Meet the Management' in September and that is by and large that's true what you are saying. There will be still some cash coming out of accruals from restructuring going through '09 but substantially less than in '08. And secondly there will be only let's say the normal repatriation tax charge for the currency, and nothing in relation to previous years any more.
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