Honeywell 2008 Annual Report Download - page 144
Download and view the complete annual report
Please find page 144 of the 2008 Honeywell annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
-
279
-
280
-
281
-
282
-
283
-
284
-
285
-
286
-
287
-
288
-
289
-
290
-
291
-
292
-
293
-
294
-
295
-
296
-
297
-
298
-
299
-
300
-
301
-
302
-
303
-
304
-
305
-
306
-
307
-
308
-
309
-
310
-
311
-
312
-
313
-
314
-
315
-
316
-
317
-
318
-
319
-
320
-
321
-
322
-
323
-
324
-
325
-
326
-
327
-
328
-
329
-
330
-
331
-
332
-
333
-
334
-
335
-
336
-
337
-
338
-
339
-
340
-
341
-
342
-
343
-
344
-
345
-
346
-
347
-
348
-
349
-
350
-
351
-
352
 |
 |
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
Note 25—Supplemental Cash Flow Information
Years Ended December 31,
2008 2007 2006
Payments for repositioning and other charges:
Severance and exit cost payments $ (157) $ (92) $ (142)
Environmental payments (320) (267) (264)
Proceeds from sale of insurance receivable 82 97 100
Insurance receipts for asbestos related liabilities 96 26 166
Asbestos related liability payments (147) (268) (419)
$ (446) $ (504) $ (559)
Interest paid, net of amounts capitalized $ 415 $ 444 $ 361
Income taxes paid, net of refunds 810 474 471
Non-cash investing and financing activities:
Common stock contributed to savings plans 220 199 179
Common stock contributed to U.S. pension plans 200 — —
Note 26—Unaudited Quarterly Financial Information
2008 2007
Mar. 31 June 30 Sept. 30 Dec. 31 Year Mar. 31 June 30 Sept. 30 Dec. 31
Net sales $ 8,895 $ 9,674 $ 9,275 $ 8,712 $ 36,556 $ 8,041 $ 8,538 $ 8,735 $ 9,275
Gross profit 2,223 2,351 1,799 2,189 8,562 1,891 2,047 2,089 2,262
Net income 643 723 719 707 2,792 526 611 618
Earnings per share—
basic:
Net income .87 .97 .98 .97 3.79 .66 .79 .83
Earnings per share—
assuming dilution:
Net income .85 .96 .97 .97 3.76 .66 .78 .81
Dividends paid .275 .275 .275 .275 1.10 .25 .25 .25
Market price(1)
High 60.48 62.25 50.93 39.68 62.25 48.31 58.87 61.45 61.77
Low 53.95 49.14 40.37 23.67 23.67 44.13 46.15 54.12 53.19
(1) From composite tape-stock is primarily traded on the New York Stock Exchange.
104