Honeywell 2009 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2009 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.

Page out of 180

  • 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

HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
Note 13—Accrued Liabilities
December 31,
2009 2008
Compensation, benefit and other employee related $ 1,183 $ 1,478
Customer advances and deferred income 1,270 1,159
Income taxes 455 456
Environmental costs 314 343
Asbestos related liabilities 654 171
Product warranties and performance guarantees 382 385
Repositioning 340 401
Other taxes (payroll, sales, VAT etc.) 158 139
Insurance 118 120
Accrued interest 145 162
Other (primarily operating expenses) 1,134 1,192
$ 6,153 $ 6,006
Note 14—Long-term Debt and Credit Agreements
December 31,
2009 2008
Floating rate notes due 2009 $ $ 300
Floating rate notes due 2009 500
Zero coupon bonds and money multiplier notes, 13.0%—14.26%, due 2009 100
Floating rate notes due 2009-2011 193
7.50% notes due 2010 1,000 1,000
6.125% notes due 2011 500 500
5.625% notes due 2012 400 400
4.25% notes due 2013 600 600
3.875% notes due 2014 600
5.40% notes due 2016 400 400
5.30% notes due 2017 400 400
5.30% notes due 2018 900 900
5.00% notes due 2019 900
Industrial development bond obligations, floating rate maturing at various dates
through 2037 47 60
6.625 % 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), 0.62%—15.5%, maturing at various dates
through 2017 100 118
7,264 6,888
Less—current portion (1,018) (1,023)
$ 6,246 $ 5,865
73