Honeywell 2014 Annual Report Download - page 63

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Note 16. 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 $5 billion of
Honeywell common stock, $4.1 billion and $5 billion remained available as of December 31, 2014 and
December 31, 2013 for additional share repurchases, respectively.
We purchased approximately 10.0 million and 13.5 million shares of our common stock in 2014
and 2013, for $924 million and $1,073 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, 2014, there was no preferred stock outstanding.
Note 17. 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, 2014
Foreign exchange translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,044) $ — $(1,044)
Pensions and other postretirement benefit adjustments . . . . . . . . . . . . (1,707) 624 (1,083)
Changes in fair value of available for sale investments . . . . . . . . . . . . (246) 76 (170)
Changes in fair value of effective cash flow hedges . . . . . . . . . . . . . . . 24 (4) 20
$(2,973) $ 696 $(2,277)
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
54
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)