Honeywell 2012 Annual Report Download - page 99

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Note 19—Accumulated Other Comprehensive Income (Loss)
Total accumulated other comprehensive income (loss) is included in the Consolidated Statement
of Shareowners’ Equity. Comprehensive Income (Loss) attributable to noncontrolling interest consisted
predominantly of net income. The changes in Accumulated Other Comprehensive Income (Loss) are
as follows:
Pretax Tax After Tax
Year Ended December 31, 2012
Foreign exchange translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 282 $ — $ 282
Pensions and other postretirement benefit adjustments . . . . . . . . . . . . . . . . (285) 87 (198)
Changes in fair value of available for sale investments. . . . . . . . . . . . . . . . . 54 (60) (6)
Changes in fair value of effective cash flow hedges . . . . . . . . . . . . . . . . . . . 35 (8) 27
$ 86 $ 19 $ 105
Year Ended December 31, 2011
Foreign exchange translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(146) $ — $(146)
Pensions and other postretirement benefit adjustments . . . . . . . . . . . . . . . . (317) 108 (209)
Changes in fair value of available for sale investments. . . . . . . . . . . . . . . . . 12 — 12
Changes in fair value of effective cash flow hedges . . . . . . . . . . . . . . . . . . . (41) 7 (34)
$(492) $115 $(377)
Year Ended December 31, 2010
Foreign exchange translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(249) $ — $(249)
Pensions and other postretirement benefit adjustments . . . . . . . . . . . . . . . . 26 18 44
Changes in fair value of available for sale investments. . . . . . . . . . . . . . . . . 90 — 90
Changes in fair value of effective cash flow hedges . . . . . . . . . . . . . . . . . . . (6) 2 (4)
$(139) $ 20 $(119)
Components of Accumulated Other Comprehensive Income (Loss)
2012 2011
December 31,
Cumulative foreign exchange translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . $ 356 $ 74
Pensions and other postretirement benefit adjustments . . . . . . . . . . . . . . . . . . . . . . (1,848) (1,650)
Change in fair value of available for sale investments . . . . . . . . . . . . . . . . . . . . . . . 157 163
Change in fair value of effective cash flow hedges . . . . . . . . . . . . . . . . . . . . . . . . . . (4) (31)
$(1,339) $(1,444)
Note 20—Stock-Based Compensation Plans
We have stock-based compensation plans available to grant non-qualified stock options, incentive
stock options, stock appreciation rights, restricted units and restricted stock to key employees. The
2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (the Plan) was approved by
the shareowners at the Annual Meeting of Shareowners effective on April 26, 2011. Following approval
of the Plan on April 26, 2011 we have not and will not grant any new awards to key employees under
any previously existing stock-based compensation plans. There were 32,796,373 shares available for
future grants under the terms of the Plan at December 31, 2012. Additionally, under the 2006 Stock
Plan for Non-Employee Directors of Honeywell International Inc. (the Directors Plan) there were
186,933 shares of Honeywell common stock available for future grant as of December 31, 2012.
Stock Options—The exercise price, term and other conditions applicable to each option granted
under our stock plans are generally determined by the Management Development and Compensation
90
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)