Honeywell 2011 Annual Report Download - page 72

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summarize by segment, expected, incurred and remaining exit and disposal costs related to 2011 and 2010 repositioning actions which we were not able to
recognize at the time the actions were initiated.
2011 Repositioning Actions Aerospace Automation and
Control Solutions Transportation
Systems Total
Expected exit and disposal costs $ 15 $ 15 $ 7 $ 37
Costs incurred year ended December 31, 2011 (1) — — (1)
Remaining exit and disposal costs at December 31, 2011 $ 14 $ 15 $ 7 $ 36
2010 Repositioning Actions Aerospace Automation and
Control Solutions Transportation
Systems Total
Expected exit and disposal costs $ 11 $ 10 $ 2 $ 23
Costs incurred year ended December 31, 2011 (2) (3) (1) (6)
Costs incurred year ended December 31, 2010 — — — —
Remaining exit and disposal costs at December 31, 2011 $ 9 $ 7 $ 1 $ 17
In 2011, we recognized a charge of $240 million for environmental liabilities deemed probable and reasonably estimable during the year. We
recognized asbestos related litigation charges, net of insurance, of $149 million. Environmental and Asbestos matters are discussed in detail in Note 21,
Commitments and Contingencies.
In 2010, we recognized a charge of $212 million for environmental liabilities deemed probable and reasonably estimable during the year. We
recognized asbestos related litigation charges, net of insurance, of $175 million. We also recognized other charges of $62 million in connection with the
evaluation of potential resolution of certain legal matters.
In 2009, we recognized a charge of $145 million for environmental liabilities deemed probable and reasonably estimable during the year. We
recognized asbestos related litigation charges, net of insurance, of $155 million.
Note 4. Other (income) expense
Years Ended
December 31,
2011 2010 2009
Equity (income)/loss of affiliated companies $ (51) $ (28) $ (26)
Gain on sale of non-strategic businesses and assets (61) — (87)
Interest income (58) (39) (33)
Foreign exchange 50 12 45
Other, net 36 (42) 47
$ (84) $ (97) $ (54)
Gain on sale of non-strategic businesses and assets for 2011 includes a $50 million pre-tax gain, $31 million net of tax, related to the divestiture of the
automotive on-board sensor products business within our Automation and Control Solutions segment.
Other, net in 2011 includes a loss of $29 million resulting from early redemption of debt in the first quarter of 2011. See Note 14 Long-term Debt and
Credit Agreements for further details.
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