Honeywell 2007 Annual Report Download - page 69
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HONEYWELL INTERNATIONAL INC.
CONSOLIDATED BALANCE SHEET
December 31,
2007 2006
(Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents $ 1,829 $ 1,224
Accounts, notes and other receivables 6,387 5,740
Inventories 3,861 3,588
Deferred income taxes 1,241 1,215
Other current assets 367 537
Total current assets 13,685 12,304
Investments and long-term receivables 500 382
Property, plant and equipment—net 4,985 4,797
Goodwill 9,175 8,403
Other intangible assets—net 1,498 1,247
Insurance recoveries for asbestos related liabilities 1,086 1,100
Deferred income taxes 637 1,075
Prepaid pension benefit cost 1,256 695
Other assets 983 938
Total assets $ 33,805 $ 30,941
LIABILITIES
Current liabilities:
Accounts payable $ 3,962 $ 3,518
Short-term borrowings 64 62
Commercial paper 1,756 669
Current maturities of long-term debt 418 423
Accrued liabilities 5,741 5,463
Total current liabilities 11,941 10,135
Long-term debt 5,419 3,909
Deferred income taxes 734 352
Postretirement benefit obligations other than pensions 2,025 2,090
Asbestos related liabilities 1,405 1,262
Other liabilities 3,059 3,473
CONTINGENCIES
SHAREOWNERS' EQUITY
Capital—common stock—Authorized 2,000,000,000 shares
(par value $1 per share):
—issued 957,599,900 shares 958 958
—additional paid-in capital 4,014 3,845
Common stock held in treasury, at cost:
2007—211,046,037 shares; 2006—157,008,412 shares (9,479) (6,339)
Accumulated other comprehensive income (loss) (544) (1,307)
Retained earnings 14,273 12,563
Total shareowners' equity 9,222 9,720
Total liabilities and shareowners' equity $ 33,805 $ 30,941
The Notes to Financial Statements are an integral part of this statement.