Honeywell 2011 Annual Report Download - page 112
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A reconciliation of segment profit to consolidated income from continuing operations before taxes are as follows:
Years Ended December 31,
2011 2010 2009
Segment Profit $ 5,357 $ 4,485 $ 3,991
Other income/ (expense)(1) 33 69 28
Interest and other financial charges (376) (386) (458)
Stock compensation expense(2) (168) (163) (117)
Pension expense-ongoing(2) (105) (185) (287)
Pension mark-to-market adjustment(2) (1,802) (471) (741)
Other postretirement income/(expense)(2) 86 (29) 15
Repositioning and other charges (2) (743) (598) (467)
Income from continuing operations before taxes $ 2,282 $ 2,722 $ 1,964
(1) Equity income/(loss) of affiliated companies is included in Segment Profit.
(2) Amounts included in cost of products and services sold and selling, general and administrative expenses.
Note 24. Geographic Areas - Financial Data
Net Sales(1) Long-lived Assets(2)
Years Ended December 31, Years Ended December 31,
2011 2010 2009 2011 2010 2009
United States $ 21,005 $ 18,858 $ 18,000 $ 12,426 $ 12,267 $ 11,645
Europe 9,604 8,367 7,594 3,991 3,973 3,798
Other International 5,920 5,125 4,357 2,728 2,296 2,072
$ 36,529 $ 32,350 $ 29,951 $ 19,145 $ 18,536 $ 17,515
(1) Sales between geographic areas approximate market and are not significant. Net sales are classified according to their country of origin. Included in United
States net sales are export sales of $4,549, $3,629 and $3,548 million in 2011, 2010 and 2009, respectively.
(2) Long-lived assets are comprised of property, plant and equipment, goodwill and other intangible assets.
Note 25. Supplemental Cash Flow Information
109