Honeywell 2006 Annual Report Download - page 65

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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
Comprehensive
Income
(Loss)
Retained
Earnings
Total
Shareowners'
Equity
(In millions, except per share amounts)
Balance at December 31, 2003 957.6 $ 958 $ 3,486 (95.3) $(3,655) $ (189) $ 9,689 $ 10,289
Net income 1,246 1,246
Foreign exchange translation adjustments 351 351
Minimum pension liability adjustment (15) (15)
Change in fair value of effective cash flow hedges (9) (9)
Other Comprehensive Income (Loss) 1,573
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 10,292 10,777
Net income 1,638 1,638
Foreign exchange translation adjustments (147) (147)
Minimum pension liability adjustment (16) (16)
Other Comprehensive Income (Loss) 1,475
Common stock issued for employee
savings and option plans (including
related tax benefits of $17)
50
9.7
283
333
Repurchases of common stock (30.6) (1,133) (1,133)
Cash dividends on common stock
($0.825 per share)
(700)
(700)
Other owner changes 2 .4 8 10
Balance at December 31, 2005 957.6 958 3,626 (128.1) (5,027) (25) 11,230 10,762
Net income 2,083 2,083
Foreign exchange translation adjustments 233 233
Change in fair value of effective cash flow hedges (3) (3)
Minimum pension liability adjustment 196 196
Other Comprehensive Income (Loss) 2,509
Pension and other postretirement benefits (including
related tax benefits of $912)
(1,708)
(1,708)
Common stock issued for employee savings and
option plans (including related tax benefits of
$31)
29
16.2
573
602
Stock based compensation expense 77 77
Reclassification to equity of obligations settled in
stock
112
112
Repurchases of common stock (45.4) (1,896) (1,896)
Dividends on common stock
($0.9075 per share)
(750)
(750)
Other owner changes 1 .3 11 12
Balance at December 31, 2006 957.6 $ 958 $ 3,845 (157.0) $(6,339) $ (1,307) $ 12,563 $ 9,720