Honeywell International Inc. (HON) | Analysis of Debt

Total Debt Disclosure

You have visited 10 password protected pages for free. Others contain data covered by .

Honeywell International Inc., Statement of Financial Position, Debt

USD $ in millions

		Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
	Short-term borrowings
	Current maturities of long-term debt
	Commercial paper
	Long-term debt
	Total debt

Source: Based on data from Honeywell International Inc., Annual Reports

Item	Description	The company
Total debt	Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations.	Honeywell International Inc.'s total debt declined from 2009 to 2010 but then increased from 2010 to 2011 not reaching 2009 level.

You have visited 10 password protected pages for free. Others contain data covered by .

Honeywell International Inc.

USD $ in millions

	12 months ended	Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
	Interest and other financial charges
	Capitalized interest
	Interest and other financial charges incurred

Source: Based on data from Honeywell International Inc., Annual Reports

Item	Description	The company
Interest and other financial charges	Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings.	Honeywell International Inc.'s interest and other financial charges declined from 2009 to 2010 and from 2010 to 2011.
Capitalized interest	The amount of interest that was capitalized during the period.	Honeywell International Inc.'s capitalized interest increased from 2009 to 2010 but then declined significantly from 2010 to 2011.
Interest and other financial charges incurred	Total interest costs incurred during the period and either capitalized or charged against earnings.	Honeywell International Inc.'s interest and other financial charges incurred declined from 2009 to 2010 and from 2010 to 2011.

You have visited 10 password protected pages for free. Others contain data covered by .

		Dec 31, 2011	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
	Selected Financial Data (USD $ in millions)
	Net income attributable to Honeywell
	Add: Net income attributable to the noncontrolling interest
	Add: Interest and other financial charges
	Add: Income tax expense (benefit)
	Earnings before interest and tax (EBIT)

	Interest and other financial charges incurred
	Ratio With and Without Capitalized Interest
	Interest coverage ratio (excluding capitalized interest)¹
	Adjusted interest coverage ratio (including capitalized interest)²

2011 Calculations

¹ Interest coverage ratio (excluding capitalized interest) = EBIT ÷ Interest and other financial charges
= ÷ =

² Adjusted interest coverage ratio (including capitalized interest) = EBIT ÷ Interest and other financial charges incurred
= ÷ =

Ratio	Description	The company
Adjusted interest coverage ratio	A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest).	Honeywell International Inc.'s adjusted interest coverage ratio improved from 2009 to 2010 but then slightly deteriorated from 2010 to 2011 not reaching 2009 level.