Honeywell 2007 Annual Report Download - page 109

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
Note 19—Accumulated Other Comprehensive Income (Loss)
Total accumulated other comprehensive income (loss) is included in the Consolidated Statement of
Shareowners' Equity. The changes in Accumulated Other Comprehensive Income (Loss) are as follows:
Pretax Tax After-
Tax
Year Ended December 31, 2007
Foreign exchange translation adjustments $ 248 $ — $ 248
Change in fair value of effective cash flow hedges (5) 2 (3)
Pension and postretirement benefit adjustment 803 (285) 518
$ 1,046 $ (283) $ 763
Year Ended December 31, 2006
Foreign exchange translation adjustments $ 233 $ — $ 233
Change in fair value of effective cash flow hedges (5) 2 (3)
Minimum pension liability adjustment 268 (72) 196
Pension and postretirement benefit adjustment (2,620) 912 (1,708)
$ (2,124) $ 842 $ (1,282)
Year Ended December 31, 2005
Foreign exchange translation adjustments $ (147) $ — $ (147)
Minimum pension liability adjustment (26) 10 (16)
$ (173) $ 10 $ (163)
The components of Accumulated Other Comprehensive Income (Loss) are as follows:
December 31,
2007 2006
Cumulative foreign exchange translation adjustments $ 823 $ 575
Fair value of effective cash flow hedges 2 5
Pension and postretirement benefit adjustment (1,369) (1,887)
$ (544) $ (1,307)
75