Honeywell 2002 Annual Report Download - page 233

CONSOLIDATED BALANCE SHEET
Honeywell International Inc.
December 31,
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(Dollars in Millions) 2002 2001
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ASSETS
Current assets:
Cash and cash equivalents ................................. $ 2,021 $ 1,393
Accounts, notes and other receivables ..................... 3,264 3,440
Inventories ............................................... 2,953 3,355
Deferred income taxes ..................................... 1,296 972
Other current assets ...................................... 661 734
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Total current assets ................................... 10,195 9,894
Investments and long-term receivables ........................ 624 466
Property, plant and equipment -- net ......................... 4,055 4,933
Goodwill -- net .............................................. 5,698 5,441
Other intangible assets -- net ............................... 1,074 915
Insurance recoveries for asbestos related liabilities ........ 1,636 --
Deferred income taxes ........................................ 533 145
Prepaid pension benefit cost ................................. 2,675 1,643
Other assets ................................................. 1,069 789
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Total assets ........................................... $27,559 $24,226
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LIABILITIES
Current liabilities:
Accounts payable .......................................... $ 1,912 $ 1,862
Short-term borrowings ..................................... 60 120
Commercial paper .......................................... 201 3
Current maturities of long-term debt ...................... 109 416
Accrued liabilities ....................................... 4,292 3,819
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Total current liabilities .............................. 6,574 6,220
Long-term debt ............................................... 4,719 4,731
Deferred income taxes ........................................ 419 875
Postretirement benefit obligations other than pensions ....... 1,684 1,845
Asbestos related liabilities ................................. 2,700 --
Other liabilities ............................................ 2,538 1,385
CONTINGENCIES
SHAREOWNERS' EQUITY
Capital -- common stock -- Authorized 2,000,000,000 shares
(par value $1 per share):
-- issued 957,599,900 shares .............................. 958 958
-- additional paid-in capital ............................. 3,409 3,015
Common stock held in treasury, at cost:
2002 -- 103,106,750 shares; 2001 -- 142,633,419 shares .... (3,783) (4,252)
Accumulated other nonowner changes ........................... (1,109) (835)
Retained earnings ............................................ 9,450 10,284
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Total shareowners' equity .............................. 8,925 9,170
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Total liabilities and shareowners' equity .............. $27,559 $24,226
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The Notes to Financial Statements are an integral part of this statement.
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