Honeywell 2012 Annual Report Download - page 67

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HONEYWELL INTERNATIONAL INC.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
2012 2011 2010
Years Ended December 31,
(Dollars in millions)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,931 $ 2,074 $2,035
Other comprehensive income (loss), net of tax
Foreign exchange translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . 282 (146) (249)
Actuarial gains (losses). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (839) (1,317) (291)
Prior service credit (cost). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 10 36
Prior service cost (credit) recognized during year . . . . . . . . . . . . . . . . . . 6 (1) (7)
Actuarial losses recognized during year . . . . . . . . . . . . . . . . . . . . . . . . . . . 649 1,171 345
Settlements and curtailments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) (107) (26)
Foreign exchange translation and other . . . . . . . . . . . . . . . . . . . . . . . . . . . (21) 35 (13)
Pensions and other postretirement benefit adjustments. . . . . . . . . . . . . . . . . (198) (209) 44
Unrealized gains (losses) for the period . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) 12 90
Changes in fair value of available for sale investments. . . . . . . . . . . . . . . . . (6) 12 90
Effective portion of cash flow hedges recognized in other
comprehensive income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 (48) (4)
Less: reclassification adjustment for losses included in net income . (13) (14) —
Changes in fair value of effective cash flow hedges. . . . . . . . . . . . . . . . . . . . 27 (34) (4)
Other comprehensive income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 (377) (119)
Comprehensive income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,036 1,697 1,916
Less: Comprehensive income attributable to noncontrolling interest . 5 3 15
Comprehensive income (loss) attributable to Honeywell . . . . . . . . . . . . . . . . $3,031 $ 1,694 $1,901
The Notes to Financial Statements are an integral part of this statement.
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