Honeywell 2008 Annual Report Download - page 69

HONEYWELL INTERNATIONAL INC.
CONSOLIDATED BALANCE SHEET
December 31,
2008 2007
(Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents $ 2,065 $ 1,829
Accounts, notes and other receivables 6,129 6,387
Inventories 3,848 3,861
Deferred income taxes 922 1,241
Other current assets 299 367
Total current assets 13,263 13,685
Investments and long-term receivables 670 500
Property, plant and equipment—net 4,934 4,985
Goodwill 10,185 9,175
Other intangible assets—net 2,267 1,498
Insurance recoveries for asbestos related liabilities 1,029 1,086
Deferred income taxes 2,135 637
Prepaid pension benefit cost 62 1,256
Other assets 945 983
Total assets $ 35,490 $ 33,805
LIABILITIES
Current liabilities:
Accounts payable $ 3,773 $ 3,962
Short-term borrowings 56 64
Commercial paper 1,431 1,756
Current maturities of long-term debt 1,023 418
Accrued liabilities 6,006 5,741
Total current liabilities 12,289 11,941
Long-term debt 5,865 5,419
Deferred income taxes 698 734
Postretirement benefit obligations other than pensions 1,799 2,025
Asbestos related liabilities 1,538 1,405
Other liabilities 6,114 3,059
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 3,994 4,014
Common stock held in treasury, at cost:
2008—223,013,668 shares; 2007—211,046,037 shares (10,206) (9,479)
Accumulated other comprehensive income (loss) (3,809) (544)
Retained earnings 16,250 14,273
Total shareowners' equity 7,187 9,222
Total liabilities and shareowners' equity $ 35,490 $ 33,805
The Notes to Financial Statements are an integral part of this statement.