Honeywell 2002 Annual Report Download - page 271

during the year ......................... 158 216 197
Adjustment of pre-existing
warranties/guarantees ................... (18) (3) (3)
Settlement of warranty/guarantee
claims .................................. (140) (194) (183)
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End of year $217 $217 $198
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Product warranties and product performance guarantees are included in the
following balance sheet accounts:
December 31,
------------
2002 2001
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Accrued liabilities ... $179 $178
Other liabilities ..... 38 39
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$217 $217
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Other Matters
We are subject to a number of other lawsuits, investigations and claims (some of
which involve substantial amounts) arising out of the conduct of our business.
With respect to all these other matters, including those relating to commercial
transactions, government contracts, product liability and non-environmental
health and safety matters, while the ultimate results of these lawsuits,
investigations and claims cannot be determined, we do not expect that these
matters will have a material adverse effect on our consolidated results of
operations or financial position.
NOTE 22. PENSION AND OTHER POSTRETIREMENT BENEFITS
We maintain pension plans covering the majority of our employees and retirees,
and postretirement benefit plans for
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