Honeywell 2007 Annual Report Download - page 140

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
A reconciliation of segment profit to consolidated income from continuing operations before taxes is as
follows:
Years Ended December 31,
2007 2006 2005
Segment profit $ 4,654 $ 4,080 $ 3,382
Other income (expense) 53 111 231
Interest and other financial charges (456) (374) (356)
Stock option expense(1) (65) (77) —
Pension and other postretirement benefits (expense)(1) (322) (459) (561)
Repositioning and other charges(1) (543) (483) (400)
Income from continuing operations before taxes $ 3,321 $ 2,798 $ 2,296
(1) Amounts included in cost of products and services sold and selling, general and administrative expenses.
Note 24—Geographic Areas—Financial Data
Net Sales(1) Long-lived Assets(2)
Years Ended December 31, Years Ended December 31,
2007 2006 2005 2007 2006 2005
United States $ 21,101 $ 19,821 $ 17,956 $ 11,916 $ 11,438 $ 10,842
Europe 9,104 7,781 6,552 2,706 2,161 1,958
Other International 4,384 3,765 3,144 1,036 848 691
$ 34,589 $ 31,367 $ 27,652 $ 15,658 $ 14,447 $ 13,491
(1) Sales between geographic areas approximate market and are not significant. Net sales are classified
according to their country of origin. Included in United States net sales are export sales of $3,427, $3,493 and
$2,780 million in 2007, 2006 and 2005, respectively.
(2)
Long-lived assets are comprised of property, plant and equipment, goodwill and other intangible assets.
Note 25—Supplemental Cash Flow Information
Years Ended December 31,