Honeywell 2008 Annual Report Download - page 104
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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
Note 13—Accrued Liabilities
December 31,
2008 2007
Compensation, benefit and other employee related $ 1,478 $ 1,472
Customer advances and deferred income 1,159 1,259
Income taxes 456 320
Environmental costs 343 311
Asbestos related liabilities 171 250
Product warranties and performance guarantees 385 380
Restructuring 401 212
Other taxes (payroll, sales, VAT etc.) 139 195
Insurance 120 96
Accrued interest 162 126
Other (primarily operating expenses) 1,192 1,120
$ 6,006 $ 5,741
75