Honeywell 2005 Annual Report Download - page 61

HONEYWELL INTERNATIONAL INC.
CONSOLIDATED BALANCE SHEET
December 31,
2005 2004
(Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents $ 1,234 $ 3,586
Accounts, notes and other receivables 5,017 4,243
Inventories 3,401 3,160
Deferred income taxes 1,243 1,289
Other current assets 542 542
Assets held for disposal 525 —
Total current assets 11,962 12,820
Investments and long-term receivables 370 542
Property, plant and equipment—net 4,658 4,331
Goodwill 7,660 6,013
Other intangible assets—net 1,976 1,241
Insurance recoveries for asbestos related liabilities 1,302 1,412
Deferred income taxes 588 613
Prepaid pension benefit cost 2,716 2,985
Other assets 1,062 1,105
Total assets $32,294 $31,062
LIABILITIES
Current liabilities:
Accounts payable $ 2,886 $ 2,564
Short-term borrowings 275 28
Commercial paper 754 220
Current maturities of long-term debt 995 956
Accrued liabilities 5,359 4,971
Liabilities related to assets held for disposal 161 —
Total current liabilities 10,430 8,739
Long-term debt 3,082 4,069
Deferred income taxes 503 397
Postretirement benefit obligations other than pensions 1,786 1,713
Asbestos related liabilities 1,549 2,006
Other liabilities 3,690 2,886
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 3,626 3,574
Common stock held in treasury, at cost:
2005—128,116,854 shares; 2004—107,586,616 shares (5,027) (4,185)
Accumulated other nonowner changes (25) 138
Retained earnings 11,722 10,767
Total shareowners' equity 11,254 11,252
Total liabilities and shareowners' equity $32,294 $31,062
The Notes to Financial Statements are an integral part of this statement.
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