| |
12 months ended |
Dec 31, 2012 |
Dec 31, 2011 |
Dec 31, 2010 |
Dec 31, 2009 |
Dec 31, 2008 |
|
Net income attributable to Honeywell |
2,926 |
2,067 |
2,022 |
2,153 |
2,792 |
|
Depreciation and amortization |
926 |
957 |
987 |
957 |
903 |
|
Gain on sale of non-strategic businesses and assets |
(5) |
(362) |
– |
(87) |
(635) |
|
Repositioning and other charges |
443 |
743 |
600 |
478 |
1,012 |
|
Net payments for repositioning and other charges |
(503) |
(468) |
(439) |
(658) |
(446) |
|
Pension and other postretirement expense |
1,065 |
1,823 |
689 |
93 |
113 |
|
Pension and other postretirement benefit payments |
(1,183) |
(1,788) |
(787) |
(189) |
(214) |
|
Stock compensation expense |
170 |
168 |
164 |
118 |
128 |
|
Deferred income taxes |
84 |
(331) |
878 |
371 |
115 |
|
Excess tax benefits from share based payment arrangements |
(56) |
(42) |
(13) |
(1) |
(21) |
|
Other |
108 |
194 |
(24) |
261 |
81 |
|
Accounts, notes and other receivables |
(119) |
(316) |
(718) |
344 |
392 |
|
Inventories |
25 |
(310) |
(310) |
479 |
(161) |
|
Other current assets |
(78) |
25 |
14 |
(31) |
25 |
|
Accounts payable |
(13) |
527 |
625 |
(167) |
(152) |
|
Accrued liabilities |
(273) |
(54) |
515 |
(175) |
(141) |
|
Changes in assets and liabilities, net of the effects of acquisitions and divestitures |
(458) |
(128) |
126 |
450 |
(37) |
|
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities |
591 |
766 |
2,181 |
1,793 |
999 |
|
Net cash provided by operating activities |
3,517 |
2,833 |
4,203 |
3,946 |
3,791 |
|
Expenditures for property, plant and equipment |
(884) |
(798) |
(651) |
(609) |
(884) |
|
Proceeds from disposals of property, plant and equipment |
5 |
6 |
14 |
31 |
53 |
|
Increase in investments |
(702) |
(380) |
(453) |
(24) |
(6) |
|
Decrease in investments |
559 |
354 |
112 |
1 |
18 |
|
Cash paid for acquisitions, net of cash acquired |
(438) |
(973) |
(1,303) |
(468) |
(2,181) |
|
Proceeds from sales of businesses, net of fees paid |
21 |
1,156 |
7 |
1 |
909 |
|
Other |
11 |
24 |
5 |
(65) |
68 |
|
Net cash used for investing activities |
(1,428) |
(611) |
(2,269) |
(1,133) |
(2,023) |
|
Net increase (decrease) in commercial paper |
(199) |
300 |
1 |
(1,133) |
(325) |
|
Net increase (decrease) in short-term borrowings |
22 |
(2) |
20 |
(521) |
(1) |
|
Payment of debt assumed with acquisitions |
– |
(33) |
(326) |
– |
– |
|
Proceeds from issuance of common stock |
342 |
304 |
195 |
37 |
146 |
|
Proceeds from issuance of long-term debt |
102 |
1,390 |
– |
1,488 |
1,487 |
|
Payments of long-term debt |
(1) |
(939) |
(1,006) |
(1,106) |
(428) |
|
Excess tax benefits from share based payment arrangements |
56 |
42 |
13 |
1 |
21 |
|
Repurchases of common stock |
(317) |
(1,085) |
– |
– |
(1,459) |
|
Cash dividends paid |
(1,211) |
(1,091) |
(944) |
(918) |
(811) |
|
Net cash used for financing activities |
(1,206) |
(1,114) |
(2,047) |
(2,152) |
(1,370) |
|
Effect of foreign exchange rate changes on cash and cash equivalents |
53 |
(60) |
(38) |
75 |
(162) |
|
Net increase (decrease) in cash and cash equivalents |
936 |
1,048 |
(151) |
736 |
236 |
|
Cash and cash equivalents at beginning of period |
3,698 |
2,650 |
2,801 |
2,065 |
1,829 |
|
Cash and cash equivalents at end of period |
4,634 |
3,698 |
2,650 |
2,801 |
2,065 |
