Honeywell 2004 Annual Report Download - page 48

Specialty Materials
2004 2003 2002
(Dollars in millions)
Net repositioning charge $ 36 $ 16 $ 167
Other probable and reasonably estimable legal and environmental liabilities 9 — 23
Business impairment charges 42 — 763
Customer claims and settlements of contract liabilities — — 11
Write-offs of receivables, inventories and other assets 3 2 12
Investment impairment charges — 2 —
$ 90 $ 20 $ 976
Transportation Systems
2004 2003 2002
(Dollars in millions)
Net repositioning charge $ 26 $ 5 $ 26
Asbestos related litigation charges, net of insurance 120 — 167
Other probable and reasonably estimable legal and environmental liabilities — 11 —
Business impairment charges — — 92
Write-offs of receivables, inventories and other assets 1 — 10
$ 147 $ 16 $ 295
Corporate
2004 2003 2002
(Dollars in millions)
Net repositioning charge $ 6 $ 4 $ 38
Asbestos related litigation charges, net of insurance (44) — 1,381
Other probable and reasonably estimable legal and environmental liabilities 543 250 7
Write-offs of receivables, inventories and other assets 10 — —
Investment impairment charges — — 4
$ 515 $ 254 $ 1,430
LIQUIDITY AND CAPITAL RESOURCES
Cash Flow Summary
Our cash flows from operating, investing and financing activities, as reflected in the Consolidated Statement of Cash Flows, are
summarized as follows:
2004 2003 2002
(Dollars in millions)
Cash provided by (used for):
Operating activities $ 2,253 $ 2,199 $ 2,380
Investing activities (584) (680) (870)
Financing activities (1,223) (895) (932)
Effect of exchange rate changes on cash 190 305 50
Net increase in cash and cash equivalents $ 636 $ 929 $ 628