Honeywell 2002 Annual Report Download - page 257
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commitments under the lease agreements will have a material adverse effect on
our consolidated results of operations, financial position or liquidity.
Rent expense was $274, $321 and $306 million in 2002, 2001 and 2000,
respectively.
NOTE 17. FINANCIAL INSTRUMENTS
As a result of our global operating and financing activities, we are exposed to
market risks from changes in interest and foreign currency exchange rates and
commodity prices, which may adversely affect our operating results and financial
position. We minimize our risks from interest and foreign currency exchange rate
and commodity price fluctuations
54