Honeywell 2009 Annual Report Download - page 125
Download and view the complete annual report
Please find page 125 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.-
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)
Refractory and Friction Products—The following tables summarize information concerning NARCO and
Bendix asbestos related balances:
Asbestos Related Liabilities
Year Ended December 31, 2009 Year Ended December 31, 2008 Year Ended December 31, 2007
Bendix NARCO Total Bendix NARCO Total Bendix NARCO
Beginning of year $ 578 $ 1,131 $ 1,709 $ 517 $ 1,138 $ 1,655 $ 528 $ 1,291
Accrual for pending claims and
defense costs incurred 127 5 132 153 — 153 122 —
Change in estimated cost of future
claims 11 — 11 43 — 43 (8 ) —
Asbestos related liability payments (148) (8) (156) (140) (7) (147) (115) (153)
Update of expected resolution values
for pending claims (2) — (2 ) 5 — 5 (10 ) —
End of year $ 566 $ 1,128 $ 1,694 $ 578 $ 1,131 $ 1,709 $ 517 $ 1,138
Insurance Recoveries for Asbestos Related Liabilities
Year Ended December 31, 2009 Year Ended December 31, 2008 Year Ended December 31, 2007
Bendix NARCO Total Bendix NARCO Total Bendix NARCO
Beginning of year $ 156 $ 877 $ 1,033 $ 197 $ 939 $ 1,136 $ 302 $ 955 $
Probable insurance recoveries related
to pending claims and change in
estimated cost of future claims 24 — 24 40 — 40 2 —
Insurance receipts for asbestos related
liabilities (8) (8) (16) (116) (62) (178) (107) (16)
Insurance receivables settlements and
write-offs — (38 ) (38 ) 36 — 36 — —
Other — — — (1 ) — (1 ) — —
End of year $ 172 $ 831 $ 1,003 $ 156 $ 877 $ 1,033 $ 197 $ 939 $
90