Honeywell 2010 Annual Report Download - page 59

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Honeywell International Inc.
Consolidated Statement of Shareowners Equity
Years Ended December 31,
2010 2009 2008
Shares $ Shares $ Shares $
(in millions)
Common stock, par value 957.6 958 957.6 958 957.6 958
Additional paid-in capital
Beginning balance 3,823 3,994 4,014
Issued for employee savings and option plans (35) (99) (56)
Contributed to pension plans 32 (190) (90)
Stock-based compensation expense 157 118 128
Other owner changes — — (2)
Ending balance 3,977 3,823 3,994
Treasury stock
Beginning balance (193.4) (8,995) (223.0) (10,206) (211.0) (9,479)
Reacquired stock or repurchases of common stock — — — — (27.4) (1,459)
Issued for employee savings and option plans 8.9 328 6.6 281 9.0 427
Contributed to pension plans 9.9 368 23.0 930 6.1 290
Other owner changes — — — — 0.3 15
Ending balance (174.6) (8,299) (193.4) (8,995) (223.0) (10,206)
Retained earnings
Beginning balance 14,023 13,391 13,400
Net income attributable to Honeywell 2,022 1,548 806
Dividends paid on common stock (948) (916) (815)
Ending balance 15,097 14,023 13,391
Accumulated other comprehensive income (loss)
Beginning balance (948) (1,078) 329
Foreign exchange translation adjustment (249) 259 (614)
Pensions and other post retirement benefit adjustments 44 (271) (718)
Changes in fair value of available for sale investments 90 112 (51)
Changes in fair value of effective cash flow hedges (4) 30 (24)
Ending balance (1,067) (948) (1,078)
Non controlling interest
Beginning balance 110 82 71
Acquisitions 2 5 4
Interest sold (bought) 4 — (3)
Net income attributable to non controlling interest 13 36 20
Foreign exchange translation adjustment 2 (1) (2)
Dividends paid (10) (9) (7)
Other owner changes — (3) (1)
Ending balance 121 110 82
Total shareowners equity 783.0 10,787 764.2 8,971 734.6 7,141
Comprehensive income
Net income 2,035 1,584 826
Foreign exchange translation adjustment (249) 259 (614)
Pensions and other post retirement benefit adjustments 44 (271) (718)
Changes in fair value of available for sale investments 90 112 (51)
Changes in fair value of effective cash flow hedges (4) 30 (24)
Total comprehensive income 1,916 1,714 (581)
Comprehensive income attributable to non controlling interest (15) (36) (20)
Comprehensive income (loss) attributable to Honeywell 1,901 1,678 (601)
The Notes to Financial Statements are integral part of this statement.
56