Honeywell 2011 Annual Report Download - page 27

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HONEYWELL INTERNATIONAL INC.
The Consumer Products Group (CPG) automotive aftermarket business had historically been part of the Transportation Systems reportable segment. In
accordance with generally accepted accounting principles, CPG is presented as discontinued operations in all periods presented. See Note 2 Acquisitions and
Divestitures for further details. This selected financial data should be read in conjunction with Honeywell's Consolidated Financial Statements and related
Notes included elsewhere in this Annual Report as well as the section of this Annual Report titled Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations.
Item 6. Selected Financial Data
Years Ended December 31,
2011 2010 2009 2008 2007
(Dollars in millions, except per share amounts)
Results of Operations
Net sales $ 36,529 $ 32,350 $ 29,951 $ 35,520 $ 33,462
Amounts attributable to Honeywell:
Income from continuing operations less net income attributable to the noncontrolling interest 1,858 1,944 1,492 789 2,535
Income from discontinued operations(1) 209 78 56 17 59
Net income attributable to Honeywell(2) 2,067 2,022 1,548 806 2,594
Earnings Per Common Share
Basic:
Income from continuing operations 2.38 2.51 1.99 1.07 3.31
Income from discontinued operations 0.27 0.10 0.07 0.02 0.08
Net income attributable to Honeywell 2.65 2.61 2.06 1.09 3.39
Assuming dilution:
Income from continuing operations 2.35 2.49 1.98 1.06 3.27
Income from discontinued operations 0.26 0.10 0.07 0.02 0.08
Net income attributable to Honeywell 2.61 2.59 2.05 1.08 3.35
Dividends per share 1.37 1.21 1.21 1.10 1.00
Financial Position at Year-End
Property, plant and equipment—net 4,804 4,724 4,847 4,934 4,985
Total assets 39,808 37,834 35,993 35,570 33,805
Short-term debt 674 889 1,361 2,510 2,238
Long-term debt 6,881 5,755 6,246 5,865 5,419
Total debt 7,555 6,644 7,607 8,375 7,657
Shareowners' equity 10,902 10,787 8,971 7,140 9,293
(1) For the year ended December 31, 2011, Income from discontinued operations includes a $178 million, net of tax gain, resulting from the sale of the
CPG business which funded a portion of the 2011 repositioning actions.
(2) For the year ended December 31, 2008, Net income attributable to Honeywell includes a $417 million, net of tax gain, resulting from the sale of our
Consumables Solutions business as well as a charge of $465 million for environmental liabilities deemed probable and reasonably estimable during
2008. 24