Honeywell 2008 Annual Report Download - page 73

HONEYWELL INTERNATIONAL INC.
CONSOLIDATED STATEMENT OF SHAREOWNERS' EQUITY
Common
Stock Issued
Additional
Paid-in Capital
Common Stock
Held in Treasury
Accumulated
Other
Comprehensive
Income
(Loss) Shares Amount Shares Amount
(In millions, except per share amounts)
Balance at December 31, 2005 957.6 $ 958 $ 3,626 (128.1 ) $ (5,027 ) $ (25 )
Net income
Foreign exchange translation adjustments 233
Change in fair value of effective cash
flow hedges (3 )
Minimum pension liability adjustment 196
Other Comprehensive Income (Loss)
Pension and other postretirement
benefits (including related tax
benefits of $912) (1,708 )
Common stock issued for employee
savings and option plans (including
related tax benefits of $31) 29 16.2 573
Stock based compensation expense 77
Reclassification to equity of obligations
settled in stock 112
Repurchases of common stock (45.4 ) (1,896 )
Dividends on common stock ($0.9075
per share)
Other owner changes 1 .3 11
Balance at December 31, 2006 957.6 958 3,845 (157.0 ) (6,339 ) (1,307 )
Net income
Foreign exchange translation
adjustments 248
Pension and other postretirement benefits
(including related tax benefits
of $285) 518
Change in fair value of effective cash
flow hedges (3 )
Other Comprehensive Income (Loss)
Common stock issued for employee
savings and option plans (including
related tax benefits of $101) 101 20.0 837
Stock based compensation expense 65
Repurchases of common stock (74.2 ) (3,987 )
Uncertain tax positions
Dividends on common stock
($1.00 per share)
Other owner changes 3 .2 10
Balance at December 31, 2007 957.6 958 4,014 (211.0 ) (9,479 ) (544 )
Net income
Foreign exchange translation adjustments (614 )
Pension and other postretirement benefits
(including related tax benefits of $1,583) (2,576 )
Change in fair value of effective cash
flow hedges (24 )
Change in fair value of available for sale
investments (51 )