Honeywell 2013 Annual Report Download - page 131

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2013 2012 2011
December 31,
Total Assets
Aerospace . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,160 $ 8,977 $ 9,109
Automation and Control Solutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,382 18,754 19,127
Performance Materials and Technologies . . . . . . . . . . . . . . . . . . . . . . . 6,827 6,396 5,402
Transportation Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,219 2,047 1,991
Corporate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,847 5,679 4,179
$45,435 $41,853 $39,808
A reconciliation of segment profit to consolidated income from continuing operations before taxes
are as follows:
2013 2012 2011
Years Ended December 31,
Segment Profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,351 $5,879 $ 5,357
Other income (expense)(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202 25 33
Interest and other financial charges . . . . . . . . . . . . . . . . . . . . . . . . . . (327) (351) (376)
Stock compensation expense(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (170) (170) (168)
Pension ongoing income (expense)(2) . . . . . . . . . . . . . . . . . . . . . . . 90 (36) (105)
Pension mark-to-market expense(2). . . . . . . . . . . . . . . . . . . . . . . . . . (51) (957) (1,802)
Other postretirement income (expense)(2). . . . . . . . . . . . . . . . . . . . (20) (72) 86
Repositioning and other charges(2) . . . . . . . . . . . . . . . . . . . . . . . . . . (663) (443) (743)
Income from continuing operations before taxes . . . . . . . . . . . . . . $5,412 $3,875 $ 2,282
(1) Equity income (loss) of affiliated companies is included in Segment Profit.
(2) Amounts included in cost of products and services sold and selling, general and administrative
expenses.
Note 25. Geographic Areas—Financial Data
Years Ended December 31, December 31,
Net Sales(1) Long-lived Assets(2)
2013 2012 2011 2013 2012 2011
United States . . . . . . . . . . . . . . . . . $22,978 $22,379 $21,005 $3,393 $3,118 $2,956
Europe . . . . . . . . . . . . . . . . . . . . . . . . 9,804 9,118 9,604 905 932 919
Other International . . . . . . . . . . . . . 6,273 6,168 5,920 980 951 929
$39,055 $37,665 $36,529 $5,278 $5,001 $4,804
(1) Sales between geographic areas approximate market and are not significant. Net sales are
classified according to their country of origin. Included in United Statstes net sales are export sales
of $5,431, $5,126 and $4,549 million in 2013, 2012 and 2011, respectively.
(2) Long-lived assets are comprised of property, plant and equipment—net.
119
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)