Honeywell 2009 Annual Report Download - page 31

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HONEYWELL INTERNATIONAL INC.
Item 6. Selected Financial Data
Years Ended December 31,
2009 2008 2007 2006 2005
(Dollars in millions, except per share amounts)
Results of Operations
Net sales $ 30,908 $ 36,556 $ 34,589 $ 31,367 $ 27,652
Net income attributable to Honeywell 2,153 2,792 2,444 2,078 1,564
Per Common Share
Earnings from continuing operations:
Basic 2.86 3.79 3.20 2.53 1.85
Assuming dilution 2.85 3.76 3.16 2.51 1.84
Dividends 1.21 1.10 1.00 0.9075 0.825
Financial Position at Year-End
Property, plant and equipment—net 4,847 4,934 4,985 4,797 4,658
Total assets 36,004 35,490 33,805 30,941 31,633
Short-term debt 1,361 2,510 2,238 1,154 2,024
Long-term debt 6,246 5,865 5,419 3,909 3,082
Total debt 7,607 8,375 7,657 5,063 5,106
Shareowners' equity(1) 8,954 7,269 9,293 9,777 10,806
(1) For the year ended December 31, 2006 shareowners' equity includes a reduction of $1,512 related to the
adoption of revised accounting guidance for "Employers' Accounting for Defined Benefit Pension and Other
Postretirement Plans".
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
The following Management's Discussion and Analysis of Financial Condition and Results of Operations
("MD&A") is intended to help the reader understand the results of operations and financial condition of Honeywell
International Inc. ("Honeywell") for the three years ended December 31, 2009. All references to Notes relate to
Notes to the Financial Statements in "Item 8—Financial Statements and Supplementary Data".
CONSOLIDATED RESULTS OF OPERATIONS
Net Sales
2009 2008 2007
(Dollars in millions)
Net sales $ 30,908 $ 36,556 $ 34,589
% change compared with prior year (15)% 6%
The change in net sales in 2009 and 2008 is attributable to the following:
2009
Versus
2008
2008
Versus
2007