Honeywell 2004 Annual Report Download - page 59

HONEYWELL INTERNATIONAL INC.
CONSOLIDATED BALANCE SHEET
December 31,
2004 2003
(Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents $ 3,586 $ 2,950
Accounts, notes and other receivables 4,243 3,643
Inventories 3,160 3,040
Deferred income taxes 1,289 1,526
Other current assets 542 465
Total current assets 12,820 11,624
Investments and long-term receivables 542 569
Property, plant and equipment—net 4,331 4,295
Goodwill 6,013 5,789
Other intangible assets—net 1,241 1,098
Insurance recoveries for asbestos related liabilities 1,412 1,317
Deferred income taxes 613 342
Prepaid pension benefit cost 2,985 3,173
Other assets 1,105 1,107
Total assets $31,062 $29,314
LIABILITIES
Current liabilities:
Accounts payable $ 2,564 $ 2,240
Short-term borrowings 28 152
Commercial paper 220 —
Current maturities of long-term debt 956 47
Accrued liabilities 4,971 4,314
Total current liabilities 8,739 6,753
Long-term debt 4,069 4,961
Deferred income taxes 397 316
Postretirement benefit obligations other than pensions 1,713 1,683
Asbestos related liabilities 2,006 2,279
Other liabilities 2,886 2,593
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 3,574 3,486
Common stock held in treasury, at cost:
2004—107,586,616 shares; 2003—95,269,642 shares (4,185) (3,655)
Accumulated other nonowner changes 138 (189)
Retained earnings 10,767 10,129
Total shareowners' equity 11,252 10,729
Total liabilities and shareowners' equity $31,062 $29,314
The Notes to Financial Statements are an integral part of this statement.
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