Honeywell 2013 Annual Report Download - page 105

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Note 18. Capital Stock
We are authorized to issue up to 2,000,000,000 shares of common stock, with a par value of $1.
Common shareowners are entitled to receive such dividends as may be declared by the Board, are
entitled to one vote per share, and are entitled, in the event of liquidation, to share ratably in all the
assets of Honeywell which are available for distribution to the common shareowners. Common
shareowners do not have preemptive or conversion rights. Shares of common stock issued and
outstanding or held in the treasury are not liable to further calls or assessments. There are no
restrictions on us relative to dividends or the repurchase or redemption of common stock.
In December 2013 the Board of Directors authorized the repurchase of up to a total of $5 billion of
Honeywell common stock, $5 billion remained available as of December 31, 2013 for additional share
repurchases.
We purchased a total of approximately 13.5 million and 5 million shares of our common stock in
2013 and 2012, for $1,073 and $317 million, respectively.
We are authorized to issue up to 40,000,000 shares of preferred stock, without par value, and can
determine the number of shares of each series, and the rights, preferences and limitations of each
series. At December 31, 2013, there was no preferred stock outstanding.
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, 2013
Foreign exchange translation adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . $ (52) $ — $ (52)
Pensions and other postretirement benefit adjustments . . . . . . . . . . . . . 3,514 (1,311) 2,203
Changes in fair value of available for sale investments . . . . . . . . . . . . . 30 (17) 13
Changes in fair value of effective cash flow hedges . . . . . . . . . . . . . . . . (14) 7 (7)
$3,478 $(1,321) $2,157
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)
93
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)