Honeywell 2010 Annual Report Download - page 79

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)
Note 13—Accrued Liabilities
December 31,
2010 2009
Compensation, benefit and other employee related $ 1,376 $ 1,183
Customer advances and deferred income 1,703 1,432
Income taxes 466 455
Environmental costs 328 314
Asbestos related liabilities 162 654
Product warranties and performance guarantees 380 382
Repositioning 310 340
Other taxes (payroll, sales, VAT etc.) 249 158
Insurance 179 118
Accrued interest 116 145
Other (primarily operating expenses) 1,215 972
$ 6,484 $ 6,153
Note 14—Long-term Debt and Credit Agreements
December 31,
2010 2009
7.50% notes due 2010 $ — $ 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 600 600
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 900 900
Industrial development bond obligations, floating rate maturing at various dates through 2037 46 47
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), 0.6%-15.5% maturing at various dates through 2023 115 100
6,278 7,264
Less current portion (523) (1,018)
$ 5,755 $ 6,246
The schedule of principal payments on long term debt is as follows:
December 31,
2010
2011 $ 523
2012 412
2013 610
2014 607
2015 1
Thereafter 4,125
6,278
Less-current portion (523)
$ 5,755
76