Honeywell 2007 Annual Report Download - page 24

could effect the valuation of our deferred tax assets. Our future results could be adversely affected by changes in
the effective tax rate as a result of a change in the mix of earnings in countries with differing statutory tax rates,
changes in the overall profitability of the Company, changes in tax legislation, changes in the valuation of
deferred tax assets and liabilities, and continuing assessments of our tax exposures.
Volatility of credit markets or macro-economic factors may increase our cost of financing
Changes in U.S. and global financial and equity markets, including market disruptions, limited liquidity and
interest rate fluctuations, may increase the cost of financing. In addition, our borrowing costs can be affected by
short and long-term ratings assigned by independent rating agencies. A decrease in these ratings could increase
our cost of borrowing.
Item 1B. Unresolved Staff Comments
Not Applicable
Item 2. Properties
We have approximately 1,400 locations consisting of plants, research laboratories, sales offices and other
facilities. Our headquarters and administrative complex is located at Morris Township, New Jersey. Our plants
are generally located to serve large marketing areas and to provide accessibility to raw materials and labor pools.
Our properties are generally maintained in good operating condition. Utilization of these plants may vary with
sales to customers and other business conditions; however, no major operating facility is significantly idle. We
own or lease warehouses, railroad cars, barges, automobiles, trucks, airplanes and materials handling and data
processing equipment. We also lease space for administrative and sales staffs. Our properties and equipment
are in good operating condition and are adequate for our present needs. We do not anticipate difficulty in
renewing existing leases as they expire or in finding alternative facilities.
Our principal plants, which are owned in fee unless otherwise indicated, are as follows:
Aerospace
Anniston, AL (leased)
Glendale, AZ (leased)
Phoenix, AZ
Tempe, AZ
Tucson, AZ
Torrance, CA
Clearwater, FL
South Bend, IN
Olathe, KS
Minneapolis, MN
Plymouth, MN
Rocky Mount, NC
Albuquerque, NM
Urbana, OH
Greer, SC
Redmond, WA (leased)
Toronto, Canada
Raunheim, Germany
Singapore (leased)
Yeovil, UK (leased)
Automation and Control Solutions
Phoenix, AZ (leased)
San Diego, CA (leased)
Northford, CT
Freeport, IL
Golden Valley, MN
Skaneateles Falls, NY (leased)
Mosbach, Germany
Neuss, Germany
Schonaich, Germany
Chihuahua, Mexico
Juarez, Mexico
(partially leased)
Tijuana, Mexico
(leased)
Emmen, Netherlands
Newhouse, Scotland
Specialty Materials
Mobile, AL
Des Plaines, IL
Metropolis, IL
Baton Rouge, LA
Geismar, LA
Shreveport, LA
Pottsville, PA
Orange, TX
Chesterfield, VA
Colonial Heights, VA
Hopewell, VA
Spokane, WA
Seelze, Germany
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