Honeywell 2002 Annual Report Download - page 232
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CONSOLIDATED STATEMENT OF OPERATIONS
Honeywell International Inc.
Years Ended December 31,
---------------------------
(Dollars in Millions, Except Per Share Amounts) 2002 2001 2000
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Net sales ...................................................... $22,274 $23,652 $25,023
----------------------------------------------------------------------------------------------
Costs, expenses and other
Cost of goods sold .......................................... 17,615 20,125 18,673
Selling, general and administrative expenses ................ 2,757 3,064 3,134
(Gain) loss on sale of non-strategic businesses ............. 124 -- (112)
Asbestos related litigation charges, net of insurance ....... 1,548 159 7
Business impairment charges ................................. 877 145 410
Equity in (income) loss of affiliated companies ............. (42) 193 89
Other (income) expense ...................................... (4) (17) (57)
Interest and other financial charges ........................ 344 405 481
----------------------------------------------------------------------------------------------
23,219 24,074 22,625
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Income (loss) before taxes ..................................... (945) (422) 2,398
Tax expense (benefit) .......................................... (725) (323) 739
----------------------------------------------------------------------------------------------
Net income (loss) .............................................. $ (220) $ (99) $ 1,659
==============================================================================================
Earnings (loss) per share of common stock--basic ............... $ (0.27) $ (0.12) $ 2.07
==============================================================================================
Earnings (loss) per share of common stock--assuming dilution ... $ (0.27) $ (0.12) $ 2.05
==============================================================================================
The Notes to Financial Statements are an integral part of this statement.
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