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Honeywell 2003 Annual Report Download - page 390

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At December 31,

(Dollars in Millions) 2003

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2004 ......................................................... $ 47

2005 ......................................................... 928

2006 ......................................................... 955

2007 ......................................................... 357

2008 ......................................................... 401

Thereafter ................................................... 2,320

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5,008

Less--current portion ........................................ (47)

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$4,961

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We maintain $2.3 billion of bank revolving credit facilities with a group of

banks, arranged by Citigroup Global Markets Inc. and J.P. Morgan Securities

Inc., comprised of: (a) a $1.3 billion Five-Year Credit Agreement, with a $300

million letter of credit sub-limit and (b) a $1 billion 364-Day Credit

Agreement. The credit agreements are maintained for general corporate purposes,

including support for the issuance of commercial paper. The Five-Year Credit

Agreement was increased in November 2003 from $1 billion to $1.3 billion with

the addition of a $300 million sub-limit for the potential issuance of letters

of credit.

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