Honeywell 2008 Annual Report Download - page 105

HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
Note 14—Long-term Debt and Credit Agreements
December 31,
2008 2007
6.20% notes due 2008 $ — $ 200
71/8% notes due 2008 — 200
Floating rate notes due 2009 300 300
Floating rate notes due 2009 500 500
Zero coupon bonds and money multiplier notes,
13.0%—14.26%, due 2009 100 100
Floating rate notes due 2009-2011 193 220
7.50% notes due 2010 1,000 1,000
61/8% notes due 2011 500 500
5.625% notes due 2012 400 400
4.25% notes due 2013 600 —
5.40% notes due 2016 400 400
5.30% notes due 2017 400 400
5.30% notes due 2018 900 —
Industrial development bond obligations, floating rate
maturing at various dates through 2037 60 60
65/8% debentures due 2028 216 216
9.065% debentures due 2033 51 51
5.70% notes due 2036 550 550
5.70% notes due 2037 600 600
Other (including capitalized leases), 1.54%—11.24%,
maturing at various dates through 2020 118 140
6,888 5,837
Less—current portion (1,023) (418)
$ 5,865 $ 5,419
The schedule of principal payments on long-term debt is as follows:
At December 31,
2008
2009 1,023
2010 1,106
2011 536
2012 401
2013 605
Thereafter 3,217
6,888
Less—current portion (1,023)
$ 5,865
We maintain $3.8 billion of committed bank revolving credit facilities, including a $2.8 billion five year
revolving credit facility with a group of banks, arranged by Citigroup Global Markets Inc. and J.P.Morgan
Securities Inc. which is in place through mid-May 2012. This credit facility contains a $700 million sub- limit for
the issuance of letters of credit. The $2.8 billion credit facility is maintained for general corporate purposes,