Honeywell 2008 Annual Report Download - page 62
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that is probable of occurrence and reasonably estimable. We continually assess the likelihood of any adverse
judgments or outcomes to our contingencies, as well as potential amounts or ranges of probable losses, and
recognize a liability, if any, for these contingencies based on a careful analysis of each matter with the assistance
of outside legal counsel and, if applicable, other experts. Such analysis includes making judgments concerning
matters such as
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