Honeywell 2004 Annual Report Download - page 63

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HONEYWELL INTERNATIONAL INC.
CONSOLIDATED STATEMENT OF SHAREOWNERS' EQUITY
Common
Stock Issued Common Stock
Held in Treasury
Shares
Amount
Additional
Paid-in
Capital
Shares
Amount
Accumulated
Other Non-
owner
Changes
Retained
Earnings
Total
Shareowners'
Equity
(In millions, except per share amounts)
Balance at December 31, 2001 957.6 $ 958 $ 3,015 (142.6) $(4,252) $ (835) $10,284 $ 9,170
Net loss (220) (220)
Foreign exchange translation adjustments 310 310
Minimum pension liability adjustment (606) (606)
Change in fair value of effective cash flow hedges 22 22
Nonowner changes in shareowners' equity (494)
Common stock issued for employee savings and option
plans (including related tax expense of $28) 138 7.7 54 192
Common stock contributed to pension plans 286 31.5 414 700
Cash dividends on common stock
($0.75 per share) (614) (614)
Other owner changes (30) .3 1 (29)
Balance at December 31, 2002 957.6 958 3,409 (103.1) (3,783) (1,109) 9,450 8,925
Net income 1,324 1,324
Foreign exchange translation adjustments 551 551
Minimum pension liability adjustment 369 369
Change in fair value of effective cash flow hedges — —
Nonowner changes in shareowners' equity 2,244
Common stock issued for employee savings and option
plans (including related tax benefits of $19) 75 9.3 182 257
Repurchases of common stock (1.9) (62) (62)
Cash dividends on common stock
($0.75 per share) (645) (645)
Other owner changes 2 .4 8 10
Balance at December 31, 2003 957.6 958 3,486 (95.3) (3,655) (189) 10,129 10,729
Net income 1,281 1,281
Foreign exchange translation adjustments 351 351
Minimum pension liability adjustment (15) (15)
Change in fair value of effective cash flow hedges (9) (9)
Nonowner changes in shareowners' equity 1,608
Common stock issued for employee
savings and option plans (including
related tax benefits of $19)
79
7.5
162
241
Repurchases of common stock (20.1) (699) (699)
Cash dividends on common stock
($0.75 per share) (643) (643)
Other owner changes 9 .3 7 16
Balance at December 31, 2004 957.6 $ 958 $ 3,574 (107.6) $(4,185) $ 138 $10,767 $ 11,252
The Notes to Financial Statements are an integral part of this statement.
46