Honeywell 2007 Annual Report Download - page 102

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
Note 14—Long-term Debt and Credit Agreements
December 31,
2007 2006
7.0% notes due 2007 $ — 350
71/8% notes due 2008 200 200
6.20% notes due 2008 200 200
Floating rate notes due 2009 500 —
Floating rate notes due 2009 300 300
Zero coupon bonds and money multiplier notes,
13.0%–14.26%, due 2009 100 100
Floating rate notes due 2009-2011 220 239
7.50% notes due 2010 1,000 1,000
61/8% notes due 2011 500 500
5.625% notes due 2012 400 —
5.40% notes due 2016 400 400
5.30% notes due 2017 400 —
Industrial development bond obligations, floating rate
maturing at various dates through 2037 60 65
65/8% debentures due 2028 216 216
9.065% debentures due 2033 51 51
5.70% notes due 2036 550 550
5.70% notes due 2037 600 —
Other (including capitalized leases), 1.54%–15.50%,
maturing at various dates through 2017 140 161
5,837 4,332
Less—current portion (418) (423)
$ 5,419 $ 3,909
The schedule of principal payments on long-term debt is as follows:
At December 31,
2007
2008 $ 418
2009 1,024
2010 1,121
2011 533
2012 401
Thereafter 2,340
5,837
Less—current portion (418)
$ 5,419
We maintain a $2.8 billion five year revolving credit facility with a group of banks, arranged by Citigroup
Global Markets Inc. and J.P.Morgan Securities Inc. This credit facility contains a $700 million sub-limit for the
issuance of letters of credit. The $2.8 billion credit facility is maintained for general corporate purposes, including
support for the issuance of commercial paper. We had no borrowings outstanding or letters of credit issued under
the credit facility at December 31, 2007.