Honeywell 2006 Annual Report Download - page 61

HONEYWELL INTERNATIONAL INC.
CONSOLIDATED BALANCE SHEET
December 31,
2006 2005
(Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents $ 1,224 $ 1,234
Accounts, notes and other receivables 5,740 5,017
Inventories 3,588 3,401
Deferred income taxes 1,215 1,243
Other current assets 470 542
Assets held for disposal 67 525
Total current assets 12,304 11,962
Investments and long-term receivables 382 370
Property, plant and equipment—net 4,797 4,658
Goodwill 8,403 7,660
Other intangible assets—net 1,247 1,173
Insurance recoveries for asbestos related liabilities 1,100 1,302
Deferred income taxes 1,075 730
Prepaid pension benefit cost 695 2,716
Other assets 938 1,062
Total assets $30,941 $31,633
LIABILITIES
Current liabilities:
Accounts payable $ 3,518 $ 2,886
Short-term borrowings 62 275
Commercial paper 669 754
Current maturities of long-term debt 423 995
Accrued liabilities 5,455 5,359
Liabilities related to assets held for disposal 8 161
Total current liabilities 10,135 10,430
Long-term debt 3,909 3,082
Deferred income taxes 352 334
Postretirement benefit obligations other than pensions 2,090 1,786
Asbestos related liabilities 1,262 1,549
Other liabilities 3,473 3,690
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 3,845 3,626
Common stock held in treasury, at cost:
2006—157,008,412 shares; 2005—128,116,854 shares (6,339) (5,027)
Accumulated other comprehensive income (loss) (1,307) (25)
Retained earnings 12,563 11,230
Total shareowners' equity 9,720 10,762
Total liabilities and shareowners' equity $30,941 $31,633
The Notes to Financial Statements are an integral part of this statement.
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