Honeywell 2011 Annual Report Download - page 60

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Honeywell International Inc.
Consolidated Balance Sheet
December 31,
2011 2010
(Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents $ 3,698 $ 2,650
Accounts, notes and other receivables 7,228 6,841
Inventories 4,264 3,822
Deferred income taxes 460 877
Investments and other current assets 484 455
Assets held for sale 841
Total current assets 16,134 15,486
Investments and long-term receivables 494 616
Property, plant and equipment - net 4,804 4,724
Goodwill 11,858 11,275
Other intangible assets - net 2,477 2,537
Insurance recoveries for asbestos related liabilities 709 825
Deferred income taxes 2,132 1,221
Other assets 1,200 1,150
Total assets $ 39,808 $ 37,834
LIABILITIES
Current liabilities:
Accounts payable $ 4,738 $ 4,199
Short-term borrowings 60 67
Commercial paper 599 299
Current maturities of long-term debt 15 523
Accrued liabilities 6,863 6,446
Liabilities related to assets held for sale 190
Total current liabilities 12,275 11,724
Long-term debt 6,881 5,755
Deferred income taxes 676 636
Postretirement benefit obligations other than pensions 1,417 1,477
Asbestos related liabilities 1,499 1,557
Other liabilities 6,158 5,898
SHAREOWNERS' EQUITY
Capital - common stock issued 958 958
- additional paid-in capital 4,157 3,977
Common stock held in treasury, at cost (8,948) (8,299)
Accumulated other comprehensive income (loss) (1,444) (1,067)
Retained earnings 16,083 15,097
Total Honeywell shareowners' equity 10,806 10,666
Noncontrolling interest 96 121
Total shareowners' equity 10,902 10,787
Total liabilities and shareowners' equity $ 39,808 $ 37,834
The Notes to Financial Statements are an integral part of this statement.
57