Honeywell 2014 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2014 Honeywell annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 101

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101

Item 2. Properties
We have approximately 1,250 locations, of which 264 are plants. Our properties and equipment
are in good operating condition and are adequate for our present needs. We do not anticipate difficulty
in renewing existing leases as they expire or in finding alternative facilities.
Item 3. Legal Proceedings
We are subject to a number of lawsuits, investigations and claims (some of which involve
substantial amounts) arising out of the conduct of our business. See a discussion of environmental,
asbestos and other litigation matters in Note 19 Commitments and Contingencies of Notes to Financial
Statements.
Environmental Matters Involving Potential Monetary Sanctions in Excess of $100,000
The Virginia Department of Environmental Quality (“DEQ”) has alleged that Honeywell’s facility in
Hopewell, Virginia failed to comply with certain conditions of its wastewater discharge permit at various
times between August 2013 and February 2014. Honeywell has met with the DEQ about this matter
and negotiations to resolve it are ongoing. We do not believe that it will have a material adverse effect
on our consolidated financial position, results of operations or cash flows.
Item 4. Mine Safety Disclosures
Not applicable.
11