MIRA INFORM REPORT
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Report Date : |
25.10.2011 |
IDENTIFICATION DETAILS
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Name : |
HONEYWELL INTERNATIONAL INC. |
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Registered Office : |
Fortune 1000
Rank: 81, 101 Columbia Road, Po Box 4000, Morristown, Nj 07962 |
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Country : |
United States |
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Financials (as on) : |
31.12.2010 |
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Year of Establishment : |
1985 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Aerospace Industries |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
$100,000 (USD) |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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United States |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Honeywell International Inc.
Fortune 1000 Rank: 81
101 Columbia Road
PO BOX 4000
MORRISTOWN, NJ 07962
United States
Tel: 973-455-2000
Fax: 973-455-4807
Synthesis
Employees: 130,000
Company Type: Public Parent
Corporate Family: 802
Companies
Traded: New York Stock Exchange HON
Incorporation Date: 1985
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: US
Dollar
Annual Sales: 33,370.0 1
Net Income: 2,022.0
Total Assets: 37,834.0 2
Market Value: 34,356.3
(30-Sep-2011)
Business Description
Honeywell
International Inc. (Honeywell) is a diversified technology and manufacturing
company, serving customers worldwide with aerospace products and services,
control, sensing and security technologies for buildings, homes and industry,
turbochargers, automotive products, specialty chemicals, electronic and
advanced materials, process technology for refining and petrochemicals, and
energy efficient products and solutions for homes, business and transportation.
The Company operates in four business segments: Aerospace, Automation and
Control Solutions, Specialty Materials and Transportation Systems. In May 2010,
the Company acquired Akuacom, an automated demand response technology and
services for the smart grid. In June 2010, Honeywell International Inc.
acquired Matrikon Inc. On July 21, 2010, the Company acquired E-Mon, LLC. In
October 2010, the Company acquired Sperian Protection (Sperian). For the three
months ended 31 March 2011, Honeywell International Inc.'s revenues increased
15% to $8.91B. Net income increased 44% to $705M. Revenues reflect an increase
in Automation & Control Solutions, a rise in income from Specialty
Materials, higher revenue from Transportation Systems and increased revenue
from Aerospace Systems segment. Net income also reflects and decrease in
interest & other financial charges.
Industry
Industry Auto and Truck Parts
ANZSIC 2006: 231 - Motor
Vehicle and Motor Vehicle Part Manufacturing
NACE 2002: 3410 - Manufacture
of motor vehicles
NAICS 2002: 336412 - Aircraft
Engine and Engine Parts Manufacturing
UK SIC 2003: 3410 - Manufacture
of motor vehicles
US SIC 1987: 3714 - Motor
Vehicle Parts and Accessories
Key Executives
(Emails Available)
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Name |
Title |
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David M. Cote |
Chairman of the Board, Chief Executive Officer |
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David J. Anderson |
Chief Financial Officer, Senior Vice President |
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Rhonda Germany |
Vice President of Strategy and Business Development |
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Adriane M. Brown |
Senior Vice President - Energy Strategy |
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Mike Lang |
Vice President and Chief Information Officer |
Significant Developments
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Topic |
#* |
Most Recent Headline |
Date |
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Litigation |
3 |
BorgWarner Inc. Announces Resolution of Patent Lawsuit Against
Honeywell International Inc. |
16-May-2011 |
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Mergers & Acquisitions |
7 |
EMS Technologies, Inc. Announces Voluntary Delisting from NASDAQ
Global Select Market Following Acquisition By Honeywell International Inc.'s
Egret Acquisition Corp |
22-Aug-2011 |
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Divestitures / Spin-offs |
2 |
Sensata Technologies Holding N.V. Completes Acquisition Of Honeywell
International Inc.'s 'Automotive On Board' Sensors Business |
31-Jan-2011 |
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Negative Earnings Pre-Announcement |
1 |
Honeywell International Inc. Issues FY 2011 Outlook; EPS Outlook Below
Analysts' Estimates; Reiterates FY 2010 Outlook |
15-Dec-2010 |
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Strategic Combinations |
8 |
Honeywell International Inc. and Sinochem Announce Formation of Joint
Venture in China |
10-Oct-2011 |
* number of significant developments within the last 12 months
News
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Title |
Date |
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Contract
Notice: Defense Logistics Agency (Michigan) Issues Solicitation for
"Honeywell 4800isr Handheld Barcode Readers" |
25-Oct-2011 |
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OCADO SOARS
ON SHOCK 'BUY' NOTE |
22-Oct-2011 |
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Wall St
extends gains on bets on EU success |
22-Oct-2011 |
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Markets
sparkle on Friday |
21-Oct-2011 |
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Nightly
Business Report |
21-Oct-2011 |
Financial Summary
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Stock Snapshot |
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Key IDSM Number: 43863379
ABI Number: 007501232
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
101 Columbia Road
PO BOX 4000
MORRISTOWN, NJ, 07962
Morris County
United States
Tel: 973-455-2000
Fax: 973-455-4807
Quote Symbol - Exchange
HON - New York
Stock Exchange
Sales USD(mil): 33,370.0
Assets USD(mil): 37,834.0
Employees: 130,000
Fiscal Year End: 31-Dec-2010
Industry: Auto and Truck Parts
Incorporation Date: 1985
Company Type: Public Parent
Quoted Status: Quoted
Chairman of the Board,
Chief Executive Officer: David M.
Cote
Company Web Links
· Company Contact/E-mail
· Corporate History/Profile
· Employment Opportunities
· Executives
· Financial Information
· Home Page
· Investor Relations
· News Releases
· Products/Services
Contents
· Industry Codes
· Business Description
· Product Codes
· Brand/Trade Names
· Financial Data
· Market Data
· Key Corporate Relationships
· Additional Information
Industry Codes
ANZSIC 2006 Codes:
2419 - Other Professional and Scientific Equipment Manufacturing
2394 - Aircraft Manufacturing and Repair Services
1821 - Synthetic Resin and Synthetic Rubber Manufacturing
1829 - Other Basic Polymer Manufacturing
231 - Motor Vehicle and Motor Vehicle Part Manufacturing
NACE 2002 Codes:
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
2470 - Manufacture of man-made fibres
3410 - Manufacture of motor vehicles
3530 - Manufacture of aircraft and spacecraft
2416 - Manufacture of plastics in primary forms
NAICS 2002 Codes:
325222 - Noncellulosic Organic Fiber Manufacturing
325211 - Plastics Material and Resin Manufacturing
336412 - Aircraft Engine and Engine Parts Manufacturing
336413 - Other Aircraft Part and Auxiliary Equipment Manufacturing
334512 - Automatic Environmental Control Manufacturing for
Residential, Commercial, and Appliance Use
US SIC 1987:
3822 - Automatic Controls for Regulating Residential and
Commercial Environments and Appliances
3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere
Classified
3724 - Aircraft Engines and Engine Parts
2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable
Elastomers
2824 - Manmade Organic Fibers, Except Cellulosic
3714 - Motor Vehicle Parts and Accessories
UK SIC 2003:
3410 - Manufacture of motor vehicles
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
2470 - Manufacture of man-made fibres
2416 - Manufacture of plastics in primary forms
3530 - Manufacture of aircraft and spacecraft
Business Description
Honeywell
International Inc. (Honeywell), incorporated in 1985, is a diversified
technology and manufacturing company, serving customers worldwide with
aerospace products and services, control, sensing and security technologies for
buildings, homes and industry, turbochargers, automotive products, specialty
chemicals, electronic and advanced materials, process technology for refining
and petrochemicals, and energy efficient products and solutions for homes,
business and transportation. The Company operates in four business segments:
Aerospace, Automation and Control Solutions, Specialty Materials and
Transportation Systems. In May 2010, the Company acquired Akuacom, an automated
demand response technology and services for the smart grid. The Akuacom Demand
Response Automation Server provides utilities and independent system operators
(ISOs) two way communication with energy management systems at commercial and
industrial sites. In June 2010, Honeywell acquired Matrikon Inc. On July 21,
2010, the Company acquired E-Mon, LLC, a portfolio company of Branford Castle,
Inc. In October 2010, the Company acquired Sperian Protection (Sperian).
Aerospace
The Company’s
Aerospace segment is a global provider of integrated avionics, engines, systems
and service solutions for aircraft manufacturers, airlines, business and
general aviation, military, and space and airport operations. The
products/services classes manufactured by the Company include turbine
propulsion engines, auxiliary power units (APUs), environmental control
systems, electric power systems, engine systems accessories, avionics systems,
aircraft lighting, inertial sensor, control products, space products and sub
systems, management and technical services, and landing systems.
The Company
competes with United Technologies, Rolls Royce/Allison, Turbomeca, Williams,
Auxilec, Barber Colman, Dukes, Eaton-Vickers, General Electric, Goodrich, Liebherr,
Pacific Scientific, Parker Hannifin, TAT, Safran, BAE, Boeing/Jeppesen, Garmin,
Kaiser, L3, Lockheed Martin, Northrop Grumman, Rockwell Collins, Thales,
Trimble/Terra, Universal Avionics, Universal Weather, Bruce, Hella, LSI,
Luminator, Siemens, Whelen, Astronautics-Kearfott, Ball, GEC, L3 Com, KVH,
Rockwell, Rosemount, Solarton, Ithaco, Raytheon, Bechtel, Boeing, Computer
Sciences, Dyncorp, ITT, SAIC, The Washington Group, United Space Alliance,
Dunlop Standard Aerospace, K&F Industries, Messier-Bugatti and NASCO.
Automation and Control Solutions
The Automation and
Control Solutions segment is a global provider of environmental and combustion
controls, sensing controls, security and life safety products and services,
scanning and mobility devices and process automation and building solutions and
services for homes, buildings and industrial facilities. Approximately 2% of
total 2010 sales of Automation and Control Solutions products and services were
exports of United States manufactured products.
The Company
competes with Bosch, Cherry, Danfoss, Eaton, Emerson, Endress & Hauser,
Holmes, Invensys, Johnson Controls, Motorola Solution, Schneider, Siemens,
United Technologies, Yamatake, Draeger, GE, Hubbell Inc, Mine Safety
Appliances, Pelco, Phillips, Riken Keiki, Siemens Tyco, 3M, Datalogic, Intermec
Technologies, ABB, AspenTech, Emerson, Freescale Semiconductor, Omron,
Yokogawa, Ameresco, GroupMac, Ingersoll Rand, Johnson Controls, Safegate, Trane
and Thorn.
Specialty Materials
The Company’s
Specialty Materials segment is engaged in providing customers with specialty
materials, including hydrocarbon processing technologies, catalysts,
adsorbents, equipment and services, fluorine products, specialty films and
additives, advanced fibers and composites, intermediates, specialty chemicals,
electronic materials and chemicals. The products/services classes of the
Company in this segment include resins and chemicals, hydrofluoric acid (HF),
fluorocarbons, fluorine specialties, nuclear services, research and fine
chemicals, performance chemicals, imaging chemicals, chemicals processing
sealants, advanced fibers and composites, specialty films, specialty additives,
electronic chemicals, semiconductor materials and services, catalysts, adsorbents
and specialties, process technology and equipment, and renewable fuels and
chemicals.
The Company
competes with BASF, DSM, UBE, Sinopec, Mexichem Flour, Solvay, Arkema, Dupont,
Ineos, Air Products, Asahi Glass, LiMing, Comeco, Comurhex, Rosatom, Avecia,
Degussa, E. Merck, Thermo Fisher Scientific, Lonza, Sigma-Aldrich, Atotech,
Teijin, American Biaxis, CFP, Daikin, Kolon, Unitika, Clairant, Eastman, KMG,
WR Grace, Haldor, General Chemical, Nikko, Praxair, Tosch, Brewer, Kyocera,
Shinko, Axens, BP/Amoco, Exxon-Mobil, Chevron Lummus Global, Chicago Bridge
& Iron, Koch Glitsch, Linde AG, Natco, Shaw Group, Shell/SGS, Neste Oy,
Lurgi, Syntroleum and Dynamotive.
Transportation Systems
The Transportation
Systems segment is engaged in the manufacturing of engine boosting systems for
the passenger cars and commercial vehicles. The Company is also a provider of
automotive care and braking products. The products/service classes of the
segment of the Company include charge-air systems, thermal systems, aftermarket
filters, spark plugs, electronic components, car care products, brake hard
parts, and other friction materials.
The Company
competes with Borg-Warner, Holset, IHI, MHI, Behr, Modine, Valeo, AC Delco,
Bosch, Champion, Mann & Hummel, NGK, Peak/Old World Industries, Purolator,
STP/ArmorAll, Turtle Wax, Zerex/Volvoline, Advics, Akebono, Continental,
Federal-Mogul, ITT Corp, JBI, Nisshinbo, TRW and TMD Friction.
More Business Descriptions
Honeywell
International Inc. (Honeywell) is a diversified technology and manufacturing
company, serving customers worldwide with aerospace products and services,
control, sensing and security technologies for buildings, homes and industry,
turbochargers, automotive products, specialty chemicals, electronic and
advanced materials, process technology for refining and petrochemicals, and
energy efficient products and solutions for homes, business and transportation.
The Company operates in four business segments: Aerospace, Automation and
Control Solutions, Specialty Materials and Transportation Systems. In May 2010,
the Company acquired Akuacom, an automated demand response technology and
services for the smart grid. In June 2010, Honeywell International Inc.
acquired Matrikon Inc. On July 21, 2010, the Company acquired E-Mon, LLC. In
October 2010, the Company acquired Sperian Protection (Sperian). For the three
months ended 31 March 2011, Honeywell International Inc.'s revenues increased
15% to $8.91B. Net income increased 44% to $705M. Revenues reflect an increase
in Automation & Control Solutions, a rise in income from Specialty
Materials, higher revenue from Transportation Systems and increased revenue
from Aerospace Systems segment. Net income also reflects and decrease in
interest & other financial charges.
Establishments
primarily engaged in manufacturing search, detection, navigation, guidance,
aeronautical, and nautical systems and instruments. Important products of this
industry are radar systems and equipment; sonar systems and equipment;
navigation systems and equipment; countermeasures equipment; aircraft and
missile control systems and equipment; flight and navigation sensors,
transmitters, and displays; gyroscopes; airframe equipment instruments; and
speed, pitch, and roll navigational instruments and systems.
Honeywell
International (USA) is a diversified technology and manufacturing leader. The
company serves customers worldwide with aerospace products and services;
control technologies for buildings, homes and industry; automotive products;
turbochargers; speciality chemicals; fibres and electronic and advanced
materials. Honeywell (SBE/SBU) is part of Honeywell's Automation and Control
Solutions group, a global leader in providing product and service solutions
that improve efficiency and profitability, support regulatory compliance and
maintain safe, comfortable environments in homes, buildings and industry.
Whether flying on
a plane, driving a car, furnishing an apartment, taking medication, or heating
or cooling a home, Honeywell products touch a significant number of lives
everyday. Honeywell International is a $28 billion diversified technology and
manufacturing company. It serves customers worldwide with aerospace products
and services; control technologies for buildings, homes and industry;
automotive products; turbochargers; and specialty materials. Based in
Morristown, N.J., Honeywell's shares are traded on the New York, London,
Chicago and Pacific Stock Exchanges. David M. Cote has been the chief executive
officer of Honeywell for more than four years. He has been with the
conglomerate for over four years. Cote earned a BBA degree from the University
of New Hampshire. Honeywell International is one of the 30 stocks that make up
the Dow Jones Industrial Average and is also a component of the Standard &
Poor's 500 Index.
Parent/holding company with high-tech operating units involved in
aerospace, defense, automotive, home and building, industrial automation and
control systems, engineered materials, electronics, chemicals and other
industries. Products are sold to multiple industries.
Product Codes
Product Code Product Description
ZZZ-HC Parent/Holding company
Brand/Trade Names
Chronotherm Iii - Thermostats
Duracam - Cameras - video
Nav100 - Navigational instruments
Rapidbalance - Computers
Rapidlink - Computers
Securus - Fibers - synthetic
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The Strategic Initiatives report is created using technology to extract
meaningful insights from analyst reports about a company's strategic projects
and investments. More about Strategic Initiatives
Strategic
Initiatives
Key Organizational
Changes
In
anticipation of this growth, the company strengthened its global footprint
significantly in engineering, research and manufacturing in the US, France, the
UK, Japan and China, besides operating manufacturing plants in France, Italy, the UK, Romania,
Mexico, Brazil, Korea, Japan and China. The company could take advantage of its
ability to leverage synergies across diverse operations including Aerospace,
Automation and Control Solutions and UOP.Strategic AcquisitionsThe company aims
to become the premier technology and manufacturing company worldwide with a
better positioned portfolio. In 2010, the company completed the acquisition of
Sperian Protection, a provider of personal protective equipment (PPE) for $1.4
billion. The acquisition of Sperian offers a full range of complementary
products with focus on head protection, body protection, fall protection,
including the fire service and electrical safety segments. It also acquired
E-Mon, LLC, a leading manufacturer of electric submetering products and systems
such as solid-state electronic kilowatt-hour submeters, automatic meter reading
& billing software and other energy management products.
The acquisition of
Sperian offers a full range of complementary products with focus on head
protection, body protection, fall protection, including the fire service and
electrical safety segments. It also acquired E-Mon, LLC, a leading manufacturer
of electric submetering products and systems such as solid-state electronic
kilowatt-hour submeters, automatic meter reading & billing software and
other energy management products. The company completed the acquisition of
Matrikon Inc., strengthening the company’s position in the high-growth oil
and gas and power value chains and to increase its global footprint in key
regions. The acquisition enables the company to provide a more comprehensive
energy efficiency portfolio to a broader customer base and strengthens its
offerings in support of the smart grid.Intense CompetitionThe industrial goods
and equipment industry is intensely competitive, which could reduce the sales
volume of the company. The company operates in Aerospace, Automation and
Control Solutions, Specialty Materials and Transportation Systems businesses,
which are highly competitive.
The company could
take advantage of its ability to leverage synergies across diverse operations
including Aerospace, Automation and Control Solutions and UOP.Strategic
AcquisitionsThe company aims to become the premier technology and manufacturing
company worldwide with a better positioned portfolio. In 2010, the company
completed the acquisition of Sperian Protection, a provider of personal
protective equipment (PPE) for $1.4 billion. The acquisition of Sperian offers
a full range of complementary products with focus on head protection, body
protection, fall protection, including the fire service and electrical safety
segments. It also acquired E-Mon, LLC, a leading manufacturer of electric
submetering products and systems such as solid-state electronic kilowatt-hour
submeters, automatic meter reading & billing software and other energy
management products. The company completed the acquisition of Matrikon Inc.,
strengthening the company’s position in the high-growth oil and gas and power
value chains and to increase its global footprint in key regions.
Partnerships
Honeywell entered
into a contract agreement with Commercial Aircraft Corporation of China Ltd to
provide four substantial systems for the new C919 airliner. The value of the
contract was estimated to be $11.9billion. This collaboration with COMAC in
this vital program will strengthen China’s strategic intent to compete
globally. The company’s CPG division was acquired by the Rank Group, a
private investment company. The total deal was valued at approximately
$950m.GlobalData uses a range of research techniques to gather and verify its
information and analysis.
We are working
with engine companies and other innovators, such as Honeywell, to ensure we can
meet these initiatives. We are very proud to participate in this historic
demonstration."Jun 13, 2011Honeywell Estimates Smart Buildings And Homes
To Meet 20% Of Electricity Demand By 2020Honeywell International Inc.
(Honeywell) said that within the next decade, more than 20% of electrical
demand in the US is expected to be met by building operators and homeowners
more effectively optimizing their energy consumption and resources in
collaboration with their utilities.This shift will put energy users at the
center of efforts to make the utility grid smarter and more stable.
Accomplishing the transformation will include measures such as permanent
reductions in energy use, temporary consumption reductions when demand spikes
and strains the grid, and increased onsite generation and storage. The key
driver in all cases is the continued innovation and deployment of applications
that connect homeowners and building-owners to utilities, and allow users to
automate their response to changes in energy reliability and prices, according
to the company.
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Overview
Honeywell
International Inc. (Honeywell) is a diversified technology and manufacturing
company operating through four business segments. The company’s strong
operational performance and its diversified business lines are its major
strengths. However, declining market share and legal claims remains a major
concern for the company. The company’s exposure to competition, rising
manpower costs, and government regulations may impact its performance.
Nevertheless, the company could capitalize on its strategic acquisitions, long
term growth outlook for turbo technologies and increase in defense spending in
the US, which could present new growth opportunities.
Strengths
Diversified Business Portfolio
The company’s
various diversification strategies strengthen its potential for sustainable
earnings growth in each of its business lines. Honeywell is a diversified
technology and manufacturing company. The company operates through four
segments namely: Aerospace, Automation and Control Solutions, Specialty Materials,
and Transportation Systems. The company’s Aerospace segment is a leading
provider of integrated avionics, engines, systems and service solutions for
aircraft manufacturers, airlines, business and general aviation, military,
space and airport operations. Its Automation and Control Solutions segment is
one of the leading providers of environmental and combustion controls, sensing
controls, security and life safety products and services and process automation
and building solutions and services. The company’s Specialty Materials
segment is a global leader in providing high-performance specialty materials,
including hydrocarbon processing technologies, catalysts, adsorbents, equipment
and services, fluorine products, specialty films and additives, advanced fibers
and composites, intermediates, specialty chemicals, electronic materials and
chemicals. During fiscal year 2010, the company recorded 41.2% of its revenue
from Automation and Control Solutions, followed by 32.02% from Aerospace, 14.2%
from Specialty Materials, and 12.6% from Transportation Systems. Leading position
in and across several industries reduces the overall risk to the company’s
business. Lower sensitivity to industry fluctuations gives the company the
advantage of pricing freedom and stability in its operations.
Focus on Research and Development Efforts
The company
invests substantially in research and development (R&D) activities, which
help in the discovery and development of new products, technologies and
processes. It also helps the company in finding new applications for existing
products. The company has R&D bases in China, the US, India and Europe. The
company made investments in the areas of design and development of additional
products in the Automation and Control Solutions, development of products for
new aircraft platforms and development of turbo-charging systems for new
platforms. The company introduced several new products in the fiscal 2010; the
Automation and Control Solutions introduced 400 new products in 2010. These
innovative products in response to market requirements will keep the
organization in business and it could help the company capitalize on wider
market segments. The company invested $1,466m, $1,330m, $1,543m and $1,459m in
2010, 2009, 2008 and 2007 respectively on R&D. The U.S. Government
sponsored $874m, $852m, $903m and $881m in 2010, 2009, 2008 and 2007 for the
company's R&D activities. The company also won a $27m contract to develop
new technologies to reduce fuel burn and emissions from jet engines. Thus, the
company’s major focus on its R&D activities strengthens its innovative
capabilities and provides a source of future revenues.
Geographical Market Mix
The company has
geographically diversified operations, which help Honeywell mitigate the
various risks associated with operations in limited regions. The company
provides aerospace products and services, control technologies for buildings,
homes and industry, automotive products, power generation systems, specialty
chemicals; fibers, plastics and advanced materials through its subsidiaries
across the world. It operates in all the major markets such as Europe, North
America, Latin America and Asia. The company categorizes its geographical
operations into three areas, namely, the US, Europe and Other International. In
the fiscal year 2010, the company generated revenue of $19,636m from its US
operations, contributing 58.8% to the company’s total revenue. The
company’s Europe region accounted for 25.2% and Other International regions
contributed 15.9% to the company’s total revenue. Thus, a wide geographical presence
helps the company diversify the various risks associated with any economic,
political and climatic developments of a country. Diversified presence also
offers new growth avenues to the company.
Weaknesses
Impact of Legal Claims
The company is
subject to various complaints, investigations and legal actions, which could
significantly impact its operational performance. These claims were related to
product liabilities (including asbestos), contractual matters, and
environmental, health and safety matters. Honeywell is a defendant in numerous
asbestos lawsuits, mainly in connection with the operations of its former
subsidiary, North American Refractories Company (NARCO). The company currently
estimates its potential liability from asbestos litigation at $1.1 billion. In
2010, 2009 and 2008, the remedial response and voluntary cleanup payments were
$285m, $318m, $320m. Honeywell International has been involved in numerous
environmental controversies, many of them related to chemical facilities that
had been owned by AlliedSignal and its predecessor companies. In May 2010,
residents in New Jersey filed a lawsuit against Honeywell International of New
Jersey and PPG Industries of Pennsylvania that alleges the companies dumped and
failed to clean up hexavalent chromium waste in Jersey city limits. In December
2009, the recorded liabilities for environmental matters were $779m. Honeywell
has two other pending lawsuits against dozens of panel display manufacturers
alleging infringement of another LCD patent, No. 5,280,371. Consequences of
legal proceedings could mar the company’s reputation. It will also increase
legal expenses and may lead to high penalties.
Weak Performance
The company's
compound annual growth rate (CAGR) in revenue was 1.56% during 2006-2010. This
was below the S&P 500 companies’ average of 12.74%. In addition, the
company's current ratio was 1.28 at the end of fiscal year 2010. This was below
the S&P 500 companies’ average of 1.46. A lower than S&P 500
companies average current ratio indicates that the company is in a weaker
financial position than other companies in the S&P 500 index. Such weak
liquidity and a lower than industry average revenue CAGR indicate that the
company underperformed the industry and lost market share over the last four
years and it could affect the investors’ confidence and gives negative future
outlook.
Opportunities
Long Term Growth Outlook for Turbo Technologies
Honeywell Turbo
Technologies is recognized as one of the leading manufacturers of engine boosting
systems for passenger cars and commercial vehicles around the world.
Turbocharging is emerging as a mainstream technology due to the tightening of
emissions standards and the upward movement of fuel price across the world.
Honeywell is strongly positioned to ride this growth wave with a portfolio that
covers every car segment and every engine size. In 2010, the company launched
its modern gas turbocharger on the newly introduced Chevrolet Cruze engine. The
company is scheduled to launch more than 200 gasoline engine turbo applications
in Europe, the US, Asia and South America. The company expects that sale of
turbo gasoline cars will increase from under 3 million currently to over 9
million by 2013. According to industry forecasts, approximately 70% of all new
light vehicles, whether diesel, gasoline or hybrid, will be turbocharged by
2020. In anticipation of this growth, the company strengthened its global
footprint significantly in engineering, research and manufacturing in the US,
France, the UK, Japan and China, besides operating manufacturing plants in
France, Italy, the UK, Romania, Mexico, Brazil, Korea, Japan and China. The
company could take advantage of its ability to leverage synergies across
diverse operations including Aerospace, Automation and Control Solutions and
UOP.
Increased US
Defense Spending
The growing
defense expenditure in the US offers a strong growth potential for the company.
The US government has been substantially increasing its budget for defense
activities, principally for its War on Terror. Since the terrorist attacks of
2001, the US defense budget has grown about 35% in real terms. Much of the rise
can be attributed to the wars in Iraq and Afghanistan. For fiscal year 2010,
the Defense Department of the US asked for $533.8 billion to fund base defense
programs and $130 billion to support overseas contingency operations. Those
amounts together represent the highest level of military spending since the end
of World War II (adjusted for inflation). Currently, the defense spending
hovers around 4.7% of the gross domestic product (GDP). The US is responsible
for about 47% of the world’s total military expenditure. Since Honeywell is
the supplier of defense and space-related products and services to the US
government, it has the opportunity to increase its sales in this segment.
Strategic Acquisitions
The company aims
to become the premier technology and manufacturing company worldwide with a
better positioned portfolio. In 2010, the company completed the acquisition of
Sperian Protection, a provider of personal protective equipment (PPE) for $1.4
billion. The acquisition of Sperian offers a full range of complementary
products with focus on head protection, body protection, fall protection,
including the fire service and electrical safety segments. It also acquired
E-Mon, LLC, a leading manufacturer of electric submetering products and systems
such as solid-state electronic kilowatt-hour submeters, automatic meter reading
& billing software and other energy management products. The company
completed the acquisition of Matrikon Inc., strengthening the company’s
position in the high-growth oil and gas and power value chains and to increase
its global footprint in key regions. The acquisition enables the company to
provide a more comprehensive energy efficiency portfolio to a broader customer
base and strengthens its offerings in support of the smart grid.
Threats
Intense Competition
The industrial
goods and equipment industry is intensely competitive, which could reduce the
sales volume of the company. The company operates in Aerospace, Automation and
Control Solutions, Specialty Materials and Transportation Systems businesses,
which are highly competitive. The company competes with a range of global
companies which might have greater sales, assets and financial resources. The
competitive factors in the industry include technological innovation, price,
quality, reliability, and service. The company competes principally with
Johnson Controls, Inc, The Boeing Company, ITT Corporation, Siemens AG, Robert
Bosch GmbH, Motorola, Inc, Air Products & Chemicals, Inc, General Electric
Company, and Federal-Mogul Corporation. Such highly competitive market could
affect the company’s profitability, financial position and cash flow adversely
if the company fails to retain existing customers and attract new clients.
Government
Regulations
The company’s
operations are subject to environmental laws in each jurisdiction in which it
conducts business and changes in regulations could impact its operational cost.
The company could be subject to liability if it does not comply with these
regulations. Safety and performance regulations, including mandates of the
Federal Aviation Administration and other similar international regulatory
bodies requiring the installation of equipment on aircraft, product
certification requirements and government procurement practices can impact
sales, research and development expenditures, operating costs and profitability
in Aerospace segment. The cost of providing Automation and Control Solution
products and services could be impacted by fire, security, safety, healthcare,
environmental and energy efficiency standards and regulations. Specialty
Materials results of operations can be affected by environmental, safety and
energy efficiency standards and regulations, while emissions and energy
efficiency standards and regulations can impact the demand for turbochargers in
the Transportation Systems segment.
Rising Manpower
Costs
Rise in labor
costs across the world, especially in the US and the UK, could be a cause for
deep concern to the company. According to the Fair Labor Standards Act (FLSA)
by the United States Department of Labor, workers are entitled to a minimum
wage of not less than $7.25 per hour effective July 24, 2009. Effective October
2008, the UK government raised the labor rates from €5.73 to €5.80 per hour
for adults. Out of the company's total employees of about 122,000, around
58,000 were located in the US. Honeywell may come under regulatory pressure to
revise wages for such substantial number of employees. If it fails to comply
with future price hikes, it may face labor strike that might result in huge
losses.
Credit Report as of 02/01/2011
|
Location |
|
|
101 Columbia Rd |
|
|
|
|
|
County: |
Morris |
|
MSA: |
New York, NY |
|
|
|
|
Phone: |
973-455-2000 |
|
Fax: |
973-455-4807 |
|
URL: |
|
|
|
|
|
ABI©: |
007501232 |
|
|
|
|
Annual Sales: |
$33,370,000,000 (USD) |
|
Employees: |
130,000 |
|
|
|
|
Facility Size(ft2): |
40,000+ |
|
|
|
|
Business Type: |
Public |
|
Location Type: |
Headquarter |
|
|
|
|
Ticker: |
|
|
Exchange: |
NYSE |
|
|
|
|
Recommended
Credit Limit * |
|
|
$100,000 (USD) |
|
|
|
|
|
Primary Line Of
Business: |
|
|
SIC: |
3812-01 - Aerospace Industries (Mfrs) |
|
NAICS: |
334511 - Search, Detection, & Navigation Instruments |
|
Secondary Lines
Of Business: |
|
|
NAICS: |
334513 - Industrial Process Variable Instruments |
|
|
339112 - Surgical & Medical Instrument Mfg |
|
|
335313 - Switchgear & Switchboard Apparatus Mfg |
|
|
424690 - Other Chemical Merchant Whols |
|
|
541613 - Marketing Consulting Svcs |
|
|
339999 - All Other Misc Mfg |
|
|
336399 - All Other Motor Vehicle Parts Mfg |
|
SICs: |
3613-03 - Control Panels (Mfrs) |
|
|
3714-01 - Automobile Parts & Supplies-Mfrs |
|
|
3823-04 - Combustion Controls (Mfrs) |
|
|
3841-04 - Physicians & Surgeons Equip & Supls-Mfrs |
|
|
3999-03 - Manufacturers |
|
|
5169-16 - Chemicals (Whls) |
|
|
8742-13 - Marketing Programs & Services |
Table of Contents
Profile Links
Similar Businesses in the Area
Closest Neighbors
External Links
Stock Quote (HON)
Similar Businesses in the Area *
Gec-Marconi
Aerospace Inc
110 Algonquin Pkwy
Whippany, NJ 07981-1602
General Dynamics
Ordnance
3008 Main Rd
Dover, NJ 07801-5712
Honeywell
812 Buckland Ct
Denville, NJ 07834-3442
General Reliance
Corp
5 Eastmans Rd
Parsippany, NJ 07054-3702
Agusta Aerospace
4 Apollo Dr
Whippany, NJ 07981-1423
Applied Resources
105 W Dewey Ave Ste: 11
Wharton, NJ 07885-1642
GEC-Marconi
Aerospace Inc
1420 Chestnut Ave
Hillside, NJ 07205
Global Aerospace
1 Sylvan Way Ste: 2
Parsippany, NJ 07054-3879
Marotta Controls
Inc
78 Boonton Ave
Montville, NJ 07045
* Similar Businesses are
defined as the closest businesses sharing the same six-digit primary SIC code (
3812-01 - Aerospace Industries (Mfrs)) regardless of size.
Closest Neighbors
Allied Signal
Corporation
Libr Services
101 Columbia Rd
Morristown, NJ 07960-4640
Morristown Federal
Credit
101 Columbia Rd
Morristown, NJ 07960-4640
Arlington Cleaners
Inc
101 Columbia Rd
Morristown, NJ 07960-4640
Honeywell
Specialty Materials
101 Columbia Rd
Morristown, NJ 07960-4640
National Car
Rental
101 Columbia Rd
Morristown, NJ 07960-4640
Sterling
Horticultural Services Inc
101 Columbia Rd
Morristown, NJ 07960-4640
|
Corporate
Family |
Corporate
Structure News: |
|
|
|
|
Total Corporate Family Members: 802 |
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
MORRISTOWN, NJ |
United States |
Auto and Truck Parts |
33,370.0 |
130,000 |
|
|
|
Pending acquisition of EMS Technologies,
Inc..See corporate
structure news on
Honeywell International Inc. for details |
|||||||
|
Division |
Morristown, NJ |
United States |
Miscellaneous Fabricated Products |
|
12,000 |
|
|
|
Subsidiary |
Haryana |
India |
Miscellaneous Capital Goods |
150.0 |
7,500 |
|
|
|
Division |
Phoenix, AZ |
United States |
Aerospace and Defense |
10,763.0 |
3,300 |
|
|
|
Subsidiary |
Kansas City, MO |
United States |
Electronic Instruments and Controls |
175.0 |
2,300 |
|
|
|
Branch |
Minneapolis, MN |
United States |
Scientific and Technical Instruments |
600.6 |
2,200 |
|
|
|
Branch |
Urbana, OH |
United States |
Aerospace and Defense |
394.8 |
1,200 |
|
|
|
Branch |
Albuquerque, NM |
United States |
Aerospace and Defense |
176.4 |
1,150 |
|
|
|
Branch |
Redmond, WA |
United States |
Aerospace and Defense |
102.9 |
1,100 |
|
|
|
Branch |
South Bend, IN |
United States |
Aerospace and Defense |
273.0 |
1,000 |
|
|
|
Branch |
Clearwater, FL |
United States |
Aerospace and Defense |
17.4 |
1,000 |
|
|
|
Branch |
Tucson, AZ |
United States |
Aerospace and Defense |
230.3 |
700 |
|
|
|
Branch |
Coon Rapids, MN |
United States |
Aerospace and Defense |
190.8 |
600 |
|
|
|
Branch |
Torrance, CA |
United States |
Aerospace and Defense |
164.5 |
500 |
|
|
|
Subsidiary |
Raunheim, Hessen |
Germany |
Miscellaneous Capital Goods |
255.9 |
490 |
|
|
|
Subsidiary |
Columbia, MD |
United States |
Engineering Consultants |
625.0 |
400 |
|
|
|
Branch |
Goose Creek, SC |
United States |
Engineering Consultants |
93.2 |
450 |
|
|
|
Branch |
Lexington Park, MD |
United States |
Engineering Consultants |
15.5 |
75 |
|
|
|
Branch |
Anniston, AL |
United States |
Aerospace and Defense |
98.7 |
300 |
|
|
|
Branch |
Wichita, KS |
United States |
Miscellaneous Transportation |
151.0 |
200 |
|
|
|
Branch |
Urbana, OH |
United States |
Retail (Specialty) |
52.1 |
120 |
|
|
|
Branch |
Kingman, AZ |
United States |
Airlines |
11.9 |
67 |
|
|
|
Branch |
Poway, CA |
United States |
Electric Utilities |
36.2 |
40 |
|
|
|
Branch |
Tempe, AZ |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Tulsa, OK |
United States |
Aerospace and Defense |
8.3 |
26 |
|
|
|
Subsidiary |
Gennevilliers |
France |
Aerospace and Defense |
75.0 |
|
|
|
|
Subsidiary |
Oak Brook, IL |
United States |
Miscellaneous Fabricated Products |
608.9 |
3,055 |
|
|
|
Subsidiary |
Dublin |
Ireland |
Miscellaneous Capital Goods |
684.7 |
2,562 |
|
|
|
Subsidiary |
Golden Valley, MN |
United States |
Miscellaneous Fabricated Products |
12,611.0 |
2,000 |
|
|
|
Branch |
Freeport, IL |
United States |
Miscellaneous Capital Goods |
490.0 |
2,000 |
|
|
|
Subsidiary |
Skaneateles Fls, NY |
United States |
Miscellaneous Fabricated Products |
|
600 |
|
|
|
Branch |
Blackwood, NJ |
United States |
Office Equipment |
210.5 |
620 |
|
|
|
Subsidiary |
Puchheim, Bayern |
Germany |
Office Equipment |
80.1 |
35 |
|
|
|
Subsidiary |
Milano, Milano (Milan) |
Italy |
Miscellaneous Capital Goods |
0.3 |
1 |
|
|
|
Subsidiary |
São Paulo |
Brazil |
Electronic Instruments and Controls |
|
21 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
1.0 |
9 |
|
|
|
Subsidiary |
Cleveland, OH |
United States |
Scientific and Technical Instruments |
|
320 |
|
|
|
Subsidiary |
Albstadt |
Germany |
Communications Equipment |
287.9 |
810 |
|
|
|
Subsidiary |
Lüdenscheid, Nordrhein-Westfalen |
Germany |
Electronic Instruments and Controls |
|
350 |
|
|
|
Subsidiary |
Arnhem, Gelderland |
Netherlands |
Electronic Instruments and Controls |
|
11 |
|
|
|
Subsidiary |
Neuenrade, Nordrhein-Westfalen |
Germany |
Electronic Instruments and Controls |
|
70 |
|
|
|
Branch |
Murfreesboro, TN |
United States |
Scientific and Technical Instruments |
16.3 |
60 |
|
|
|
Branch |
Bentonville, AR |
United States |
Electronic Instruments and Controls |
21.4 |
28 |
|
|
|
Branch |
Columbus, OH |
United States |
Electronic Instruments and Controls |
61.2 |
300 |
|
|
|
Branch |
Lincolnshire, IL |
United States |
Medical Equipment and Supplies |
51.5 |
160 |
|
|
|
Branch |
York, PA |
United States |
Electronic Instruments and Controls |
99.2 |
130 |
|
|
|
Subsidiary |
Acton, MA |
United States |
Miscellaneous Fabricated Products |
20.0 |
90 |
|
|
|
Subsidiary |
Redmond, WA |
United States |
Miscellaneous Capital Goods |
45.8 |
60 |
|
|
|
Subsidiary |
Burwood, VIC |
Australia |
Business Services |
3.3 |
24 |
|
|
|
Subsidiary |
Northford, CT |
United States |
Miscellaneous Fabricated Products |
|
|
|
|
|
Subsidiary |
St Charles, IL |
United States |
Public Sector and Government |
122.9 |
450 |
|
|
|
Subsidiary |
Mississauga, ON |
Canada |
Electronic Instruments and Controls |
7.8 |
20 |
|
|
|
Branch |
Westwood, MA |
United States |
Business Services |
138.4 |
400 |
|
|
|
Subsidiary |
Cranston, RI |
United States |
Apparel and Accessories |
|
400 |
|
|
|
Branch |
Dayton, OH |
United States |
Miscellaneous Capital Goods |
110.3 |
450 |
|
|
|
Branch |
Rock Island, IL |
United States |
Fabricated Plastic and Rubber |
44.0 |
400 |
|
|
|
Branch |
Dayton, OH |
United States |
Textiles - Non Apparel |
24.1 |
300 |
|
|
|
Branch |
Charleston, SC |
United States |
Business Services |
46.0 |
200 |
|
|
|
Branch |
Ohatchee, AL |
United States |
Textiles - Non Apparel |
19.5 |
110 |
|
|
|
Subsidiary |
Anjou, QC |
Canada |
Miscellaneous Fabricated Products |
|
100 |
|
|
|
Branch |
Etobicoke, ON |
Canada |
Medical Equipment and Supplies |
21.9 |
50 |
|
|
|
Branch |
Edmonton, AB |
Canada |
Construction and Agriculture Machinery |
20.7 |
20 |
|
|
|
Branch |
Chicago, IL |
United States |
Fabricated Plastic and Rubber |
21.0 |
99 |
|
|
|
Branch |
Brookfield, WI |
United States |
Retail (Specialty) |
12.5 |
60 |
|
|
|
Branch |
Bloomington, MN |
United States |
Electronic Instruments and Controls |
25.9 |
34 |
|
|
|
Subsidiary |
Des Plaines, IL |
United States |
Oil Well Services and Equipment |
927.0 |
2,000 |
|
|
|
Branch |
Mobile, AL |
United States |
Chemical Manufacturing |
251.3 |
515 |
|
|
|
Branch |
Shreveport, LA |
United States |
Chemical Manufacturing |
114.2 |
208 |
|
|
|
Subsidiary |
Shanghai, Shanghai |
China |
Chemical Manufacturing |
41.0 |
200 |
|
|
|
Subsidiary |
Baton Rouge, LA |
United States |
Chemical Manufacturing |
45.0 |
82 |
|
|
|
Branch |
Tonawanda, NY |
United States |
Chemical Manufacturing |
50.1 |
50 |
|
|
|
Branch |
Houston, TX |
United States |
Engineering Consultants |
10.4 |
50 |
|
|
|
Branch |
Anaheim, CA |
United States |
Chemical Manufacturing |
12.6 |
40 |
|
|
|
Subsidiary |
Guildford |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
|
|
|
|
|
|
Subsidiary |
|
|
|
|
|
|
|
|
Subsidiary |
Jeddah, Makkah |
Saudi Arabia |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
North Ryde, NSW |
Australia |
Electronic Instruments and Controls |
435.8 |
1,500 |
|
|
|
Division |
Sunnyvale, CA |
United States |
Chemical Manufacturing |
|
1,494 |
|
|
|
Subsidiary |
Offenbach |
Germany |
Scientific and Technical Instruments |
289.1 |
1,420 |
|
|
|
Subsidiary |
Offenbach Am Main, Hessen |
Germany |
Business Services |
108.0 |
280 |
|
|
|
Subsidiary |
Maintal, Hessen |
Germany |
Scientific and Technical Instruments |
44.5 |
200 |
|
|
|
Subsidiary |
Wien |
Austria |
Scientific and Technical Instruments |
50.3 |
165 |
|
|
|
Honeywell
Airport Systems Gesellschaft mit beschränkter Haftung |
Subsidiary |
Hamburg, Hamburg |
Germany |
Construction - Supplies and Fixtures |
24.0 |
50 |
|
|
Subsidiary |
Offenbach Am Main, Hessen |
Germany |
Investment Services |
|
2 |
|
|
|
Subsidiary |
Pune |
India |
Security Systems and Services |
298.3 |
1,355 |
|
|
|
Subsidiary |
Perth, WA |
Australia |
Computer Hardware |
|
1,300 |
|
|
|
Subsidiary |
Morristown, NJ |
United States |
Chemical Manufacturing |
4,144.0 |
1,200 |
|
|
|
Branch |
Hopewell, VA |
United States |
Chemical Manufacturing |
549.5 |
1,001 |
|
|
|
Subsidiary |
Conway, SC |
United States |
Construction - Supplies and Fixtures |
47.7 |
180 |
|
|
|
Branch |
Baton Rouge, LA |
United States |
Chemical Manufacturing |
175.2 |
175 |
|
|
|
Branch |
Fort Worth, TX |
United States |
Chemical Manufacturing |
55.1 |
55 |
|
|
|
Branch |
Chester, VA |
United States |
Chemicals - Plastics and Rubber |
32.3 |
30 |
|
|
|
Branch |
Lexington, SC |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
|
Branch |
Standish, ME |
United States |
Electronic Instruments and Controls |
387.6 |
1,200 |
|
|
|
Division |
Olathe, KS |
United States |
Aerospace and Defense |
381.6 |
1,200 |
|
|
|
Subsidiary |
North Ryde, NSW |
Australia |
Business Services |
275.0 |
1,200 |
|
|
|
Subsidiary |
Baulkham Hills, NSW |
Australia |
Public Sector and Government |
3.3 |
40 |
|
|
|
Subsidiary |
Glinde |
Germany |
Auto and Truck Parts |
240.6 |
1,100 |
|
|
|
Subsidiary |
Kassel |
Germany |
Miscellaneous Fabricated Products |
71.0 |
1,100 |
|
|
|
Subsidiary |
Butzbach, Hessen |
Germany |
Scientific and Technical Instruments |
48.1 |
165 |
|
|
|
Subsidiary |
Fürstenwalde/Spree, Brandenburg |
Germany |
Appliance and Tool |
18.1 |
145 |
|
|
|
Subsidiary |
Kassel, Hessen |
Germany |
Miscellaneous Capital Goods |
28.2 |
35 |
|
|
|
Subsidiary |
Pu Dong District, Shanghai |
China |
Office Equipment |
750.0 |
1,000 |
|
|
|
Subsidiary |
Mexicali, Baja California |
Mexico |
Miscellaneous Capital Goods |
4.0 |
1,000 |
|
|
|
Division |
Mississauga, ON |
Canada |
Retail (Specialty) |
|
1,000 |
|
|
|
Branch |
Calgary, AB |
Canada |
Construction Services |
25.4 |
100 |
|
|
|
Branch |
Quebec, QC |
Canada |
Construction Services |
22.0 |
85 |
|
|
|
Branch |
Burnaby, BC |
Canada |
Construction Services |
21.0 |
80 |
|
|
|
Branch |
Brossard, QC |
Canada |
Construction Services |
7.5 |
35 |
|
|
|
Branch |
Winnipeg, MB |
Canada |
Electronic Instruments and Controls |
10.3 |
25 |
|
|
|
Branch |
St. John's, NL |
Canada |
Construction Services |
6.5 |
25 |
|
|
|
Branch |
St. John's, NL |
Canada |
Construction Services |
6.1 |
24 |
|
|
|
Subsidiary |
Mississauga, ON |
Canada |
Miscellaneous Capital Goods |
|
1,000 |
|
|
|
Subsidiary |
Surrey, BC |
Canada |
Audio and Video Equipment |
10.0 |
40 |
|
|
|
Division |
Urbana, OH |
United States |
Computer Hardware |
|
1,000 |
|
|
|
Subsidiary |
Melville, NY |
United States |
Scientific and Technical Instruments |
|
1,000 |
|
|
|
Subsidiary |
Melville, NY |
United States |
Electronic Instruments and Controls |
|
250 |
|
|
|
Branch |
Elk Grove Vlg, IL |
United States |
Electronic Instruments and Controls |
30.3 |
30 |
|
|
|
Branch |
Houston, TX |
United States |
Electronic Instruments and Controls |
14.8 |
20 |
|
|
|
Branch |
Oak Creek, WI |
United States |
Computer Services |
22.1 |
100 |
|
|
|
Division |
Westwood, MA |
United States |
Construction - Supplies and Fixtures |
|
100 |
|
|
|
Branch |
Medley, FL |
United States |
Electronic Instruments and Controls |
22.9 |
30 |
|
|
|
Subsidiary |
Thaon Les Vosges |
France |
Miscellaneous Capital Goods |
175.0 |
749 |
|
|
|
Subsidiary |
Thaon Les Vosges |
France |
Business Services |
|
|
|
|
|
Subsidiary |
Dublin |
Ireland |
Miscellaneous Capital Goods |
161.9 |
724 |
|
|
|
Subsidiary |
Dublin |
Ireland |
Miscellaneous Capital Goods |
70.7 |
407 |
|
|
|
Subsidiary |
Dublin |
Ireland |
Aerospace and Defense |
18.6 |
105 |
|
|
|
Subsidiary |
Dublin |
Ireland |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Dublin |
Ireland |
Miscellaneous Capital Goods |
6.6 |
15 |
|
|
|
Subsidiary |
Dublin |
Ireland |
Miscellaneous Capital Goods |
|
18 |
|
|
|
Subsidiary |
Waterford |
Ireland |
Miscellaneous Fabricated Products |
161.5 |
724 |
|
|
|
Branch |
Colorado Springs, CO |
United States |
Aerospace and Defense |
236.9 |
720 |
|
|
|
Subsidiary |
Greer, SC |
United States |
Aerospace and Defense |
190.8 |
600 |
|
|
|
Branch |
Fostoria, OH |
United States |
Business Services |
64.8 |
600 |
|
|
|
Subsidiary |
Edmonton, AB |
Canada |
Software and Programming |
64.7 |
523 |
|
|
|
Branch |
Calgary, AB |
Canada |
Computer Services |
6.0 |
29 |
|
|
|
Branch |
Etobicoke, ON |
Canada |
Computer Services |
4.2 |
20 |
|
|
|
Subsidiary |
Barcelona |
Spain |
Construction - Supplies and Fixtures |
76.4 |
507 |
|
|
|
Subsidiary |
St Aubin |
France |
Electronic Instruments and Controls |
147.7 |
500 |
|
|
|
Subsidiary |
Toulouse |
France |
Business Services |
65.5 |
224 |
|
|
|
Subsidiary |
St Aubin |
France |
Appliance and Tool |
8.2 |
34 |
|
|
|
Division |
Northford, CT |
United States |
Communications Equipment |
57.3 |
500 |
|
|
|
Subsidiary |
Bangalore |
India |
Software and Programming |
1.0 |
500 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Transportation |
256.6 |
469 |
|
|
|
Branch |
Saint-Laurent, QC |
Canada |
Aerospace and Defense |
|
400 |
|
|
|
Subsidiary |
Milano, MI |
Italy |
Scientific and Technical Instruments |
220.5 |
393 |
|
|
|
Subsidiary |
Kuopio |
Finland |
Electronic Instruments and Controls |
63.7 |
375 |
|
|
|
Subsidiary |
Tampere |
Finland |
Miscellaneous Capital Goods |
4.2 |
13 |
|
|
|
Subsidiary |
Trieste, Trieste |
Italy |
Audio and Video Equipment |
77.3 |
360 |
|
|
|
Subsidiary |
Rocky Mount, NC |
United States |
Scientific and Technical Instruments |
98.0 |
359 |
|
|
|
Subsidiary |
Conde Sur Noireau |
France |
Miscellaneous Capital Goods |
6.8 |
355 |
|
|
|
Branch |
San Diego, CA |
United States |
Electronic Instruments and Controls |
267.1 |
350 |
|
|
|
Subsidiary |
Guangzhou, Guang Dong |
China |
Miscellaneous Capital Goods |
0.0 |
350 |
|
|
|
Subsidiary |
Hyderabad, Andhra Pradesh |
India |
Computer Peripherals |
|
350 |
|
|
|
Subsidiary |
Hong Kong, Hong Kong |
Hong Kong |
Scientific and Technical Instruments |
|
350 |
|
|
|
Subsidiary |
Moscow |
Russian Federation |
Miscellaneous Capital Goods |
30.0 |
340 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Scientific and Technical Instruments |
91.0 |
335 |
|
|
|
Division |
Springfield, IL |
United States |
Electronic Instruments and Controls |
81.1 |
325 |
|
|
|
Subsidiary |
Madrid |
Spain |
Scientific and Technical Instruments |
116.0 |
305 |
|
|
|
Subsidiary |
Diegem |
Belgium |
Electronic Instruments and Controls |
129.5 |
301 |
|
|
|
Subsidiary |
Steenokkerzeel |
Belgium |
Food Processing |
0.0 |
3 |
|
|
|
Subsidiary |
Bruxelles |
Belgium |
Retail (Specialty) |
0.3 |
|
|
|
|
Subsidiary |
Tulsa, OK |
United States |
Miscellaneous Fabricated Products |
75.0 |
275 |
|
|
|
Branch |
Greer, SC |
United States |
Airlines |
49.0 |
275 |
|
|
|
Honeywell
Automation and Control Solutions South Africa (Pty) Ltd |
Subsidiary |
Midrand |
South Africa |
Electronic Instruments and Controls |
60.0 |
260 |
|
|
Subsidiary |
Gyeonggi-Do |
Korea, Republic of |
Miscellaneous Capital Goods |
61.0 |
255 |
|
|
|
Subsidiary |
Muncie, IN |
United States |
Miscellaneous Capital Goods |
75.0 |
250 |
|
|
|
Subsidiary |
Essen, Nordrhein-Westfalen |
Germany |
Miscellaneous Capital Goods |
|
20 |
|
|
|
Subsidiary |
Cergy-Pontoise Cedex |
France |
Miscellaneous Capital Goods |
|
15 |
|
|
|
Subsidiary |
Kernen |
Germany |
Natural Gas Utilities |
|
7 |
|
|
|
Subsidiary |
North Vancouver, BC |
Canada |
Engineering Consultants |
68.0 |
250 |
|
|
|
Branch |
Duncan, SC |
United States |
Auto and Truck Parts |
74.8 |
200 |
|
|
|
Branch |
Lanham, MD |
United States |
Aerospace and Defense |
65.8 |
200 |
|
|
|
Subsidiary |
Abu Dhabi |
United Arab Emirates |
Construction Services |
60.0 |
200 |
|
|
|
Joint Venture |
Safat |
Kuwait |
Miscellaneous Transportation |
48.0 |
200 |
|
|
|
Subsidiary |
North Point, Hong Kong Island |
Hong Kong |
Construction Services |
48.0 |
200 |
|
|
|
Division |
Pottsville, PA |
United States |
Fabricated Plastic and Rubber |
45.4 |
200 |
|
|
|
Branch |
Springfield, IL |
United States |
Auto and Truck Parts |
45.0 |
200 |
|
|
|
Subsidiary |
Los Cortijos de Lourdes, Caracas |
Venezuela |
Electric Utilities |
41.0 |
200 |
|
|
|
Subsidiary |
Icerenkoy, Istanbul |
Turkey |
Office Equipment |
38.0 |
200 |
|
|
|
Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Construction Services |
21.7 |
200 |
|
|
|
Subsidiary |
Calgary, AB |
Canada |
Aerospace and Defense |
|
200 |
|
|
|
Subsidiary |
Poole |
United Kingdom |
Scientific and Technical Instruments |
15.3 |
175 |
|
|
|
Subsidiary |
Poole |
United Kingdom |
Business Services |
|
8 |
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Dorset. |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Division |
Tulsa, OK |
United States |
Miscellaneous Capital Goods |
|
175 |
|
|
|
Subsidiary |
Uster, Zurich |
Switzerland |
Business Services |
|
175 |
|
|
|
Subsidiary |
Rolle, Vaud |
Switzerland |
Aerospace and Defense |
|
175 |
|
|
|
Honeywell
Video Systems/ Silent Witness Enterprises Division |
Division |
Surrey, BC |
Canada |
Miscellaneous Capital Goods |
|
165 |
|
|
Division |
Boyne City, MI |
United States |
Aerospace and Defense |
52.6 |
160 |
|
|
|
Subsidiary |
Oak Creek, WI |
United States |
Computer Peripherals |
|
160 |
|
|
|
Subsidiary |
México, D.F. |
Mexico |
Electronic Instruments and Controls |
200.0 |
150 |
|
|
|
Subsidiary |
Tijuana |
Mexico |
Miscellaneous Fabricated Products |
250.0 |
|
|
|
|
Joint Venture |
Dammam |
Saudi Arabia |
Engineering Consultants |
|
150 |
|
|
|
Subsidiary |
Lier, Buskerud |
Norway |
Electronic Instruments and Controls |
47.3 |
143 |
|
|
|
Subsidiary |
Buffalo, NY |
United States |
Apparel and Accessories |
20.3 |
140 |
|
|
|
Division |
Maple Grove, MN |
United States |
Electronic Instruments and Controls |
99.2 |
130 |
|
|
|
Subsidiary |
Smethport, PA |
United States |
Chemical Manufacturing |
60.0 |
130 |
|
|
|
Subsidiary |
Fombell, PA |
United States |
Metal Mining |
58.6 |
130 |
|
|
|
Branch |
Renton, WA |
United States |
Business Services |
14.8 |
125 |
|
|
|
Subsidiary |
Irving, TX |
United States |
Airlines |
22.1 |
124 |
|
|
|
Subsidiary |
Oggiono, LC |
Italy |
Scientific and Technical Instruments |
|
122 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Aerospace and Defense |
41.7 |
120 |
|
|
|
Branch |
Linden, NJ |
United States |
Fabricated Plastic and Rubber |
25.0 |
120 |
|
|
|
Subsidiary |
Slemon Park, PE |
Canada |
Airlines |
26.1 |
115 |
|
|
|
Subsidiary |
Stockholm-Globen |
Sweden |
Scientific and Technical Instruments |
31.7 |
111 |
|
|
|
Division |
Muskegon, MI |
United States |
Chemical Manufacturing |
108.1 |
108 |
|
|
|
Branch |
Alexandria, VA |
United States |
Business Services |
24.1 |
101 |
|
|
|
Subsidiary |
Arlington, VA |
United States |
Software and Programming |
|
148 |
|
|
|
Subsidiary |
Alexandria, VA |
United States |
Engineering Consultants |
|
120 |
|
|
|
Branch |
Annapolis, MD |
United States |
Engineering Consultants |
4.1 |
20 |
|
|
|
Subsidiary |
Washington, DC |
United States |
Public Sector and Government |
63.9 |
|
|
|
|
Subsidiary |
Cincinnati, OH |
United States |
Scientific and Technical Instruments |
101.0 |
100 |
|
|
|
Branch |
Miramar, FL |
United States |
Electronic Instruments and Controls |
76.3 |
100 |
|
|
|
Subsidiary |
London, ON |
Canada |
Construction Services |
26.0 |
100 |
|
|
|
Subsidiary |
Auckland |
New Zealand |
Miscellaneous Capital Goods |
24.5 |
100 |
|
|
|
Subsidiary |
La Palma, CA |
United States |
Miscellaneous Capital Goods |
24.5 |
100 |
|
|
|
Subsidiary |
Warsaw |
Poland |
Miscellaneous Capital Goods |
22.0 |
100 |
|
|
|
Branch |
Galena, IL |
United States |
Electronic Instruments and Controls |
20.4 |
100 |
|
|
|
Branch |
Indianapolis, IN |
United States |
Security Systems and Services |
15.8 |
100 |
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Capital Goods |
|
100 |
|
|
|
Branch |
Westbrook, ME |
United States |
Construction Services |
18.6 |
99 |
|
|
|
Branch |
Orange, TX |
United States |
Chemicals - Plastics and Rubber |
104.5 |
97 |
|
|
|
Subsidiary |
Diegem |
Belgium |
Scientific and Technical Instruments |
46.8 |
96 |
|
|
|
Subsidiary |
Amsterdam ZO |
Netherlands |
Scientific and Technical Instruments |
350.0 |
|
|
|
|
Subsidiary |
Raamsdonksveer, Noord-Brabant |
Netherlands |
Electronic Instruments and Controls |
|
74 |
|
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Electronic Instruments and Controls |
1.3 |
7 |
|
|
|
Subsidiary |
Purmerend, Noord-Holland |
Netherlands |
Miscellaneous Capital Goods |
|
|
|
|
|
Branch |
Ã…rhus N |
Denmark |
Construction - Supplies and Fixtures |
56.5 |
95 |
|
|
|
Branch |
Claymont, DE |
United States |
Chemical Manufacturing |
51.6 |
94 |
|
|
|
Subsidiary |
Coslada, Madrid |
Spain |
Communications Services |
31.5 |
93 |
|
|
|
Branch |
Hayward, CA |
United States |
Miscellaneous Capital Goods |
51.3 |
90 |
|
|
|
Branch |
Perrysburg, OH |
United States |
Auto and Truck Parts |
33.7 |
90 |
|
|
|
Subsidiary |
Fyshwick , ACT |
Australia |
Electronic Instruments and Controls |
12.5 |
90 |
|
|
|
Subsidiary |
New Territories, New Territories |
Hong Kong |
Miscellaneous Capital Goods |
|
90 |
|
|
|
Subsidiary |
Hellerup |
Denmark |
Electronic Instruments and Controls |
71.0 |
85 |
|
|
|
Subsidiary |
Phoenix, AZ |
United States |
Communications Services |
36.5 |
85 |
|
|
|
Subsidiary |
San Donato Milanese, MI |
Italy |
Communications Equipment |
54.7 |
84 |
|
|
|
Branch |
Richardson, TX |
United States |
Electronic Instruments and Controls |
80.8 |
80 |
|
|
|
Branch |
Freehold, NJ |
United States |
Auto and Truck Parts |
29.9 |
80 |
|
|
|
Subsidiary |
Sarasota, FL |
United States |
Aerospace and Defense |
26.3 |
80 |
|
|
|
Branch |
Allentown, PA |
United States |
Airlines |
14.2 |
80 |
|
|
|
Branch |
Bethlehem, PA |
United States |
Electronic Instruments and Controls |
58.0 |
76 |
|
|
|
Branch |
Fernley, NV |
United States |
Auto and Truck Parts |
28.4 |
76 |
|
|
|
Subsidiary |
Torrance, CA |
United States |
Miscellaneous Capital Goods |
3,389.0 |
75 |
|
|
|
Branch |
Clearfield, UT |
United States |
Miscellaneous Capital Goods |
80.9 |
330 |
|
|
|
Branch |
Torrance, CA |
United States |
Miscellaneous Capital Goods |
345.9 |
300 |
|
|
|
Branch |
Danbury, CT |
United States |
Chemical Manufacturing |
54.9 |
100 |
|
|
|
Branch |
Alsip, IL |
United States |
Chemical Manufacturing |
41.2 |
75 |
|
|
|
Branch |
Cleveland, OH |
United States |
Retail (Specialty) |
32.6 |
75 |
|
|
|
Subsidiary |
Dublin |
Ireland |
Computer Hardware |
50.6 |
72 |
|
|
|
Subsidiary |
Amherstburg, ON |
Canada |
Chemical Manufacturing |
49.7 |
70 |
|
|
|
Subsidiary |
Ratingen, Nordrhein-Westfalen |
Germany |
Electronic Instruments and Controls |
24.9 |
70 |
|
|
|
Branch |
Houston, TX |
United States |
Airlines |
12.5 |
70 |
|
|
|
Branch |
Woonsocket, RI |
United States |
Scientific and Technical Instruments |
12.4 |
70 |
|
|
|
Subsidiary |
Dielsdorf |
Switzerland |
Miscellaneous Capital Goods |
|
70 |
|
|
|
Subsidiary |
Dielsdorf |
Switzerland |
Miscellaneous Capital Goods |
|
350 |
|
|
|
Subsidiary |
Ciudad De Buenos Aires, Ciudad De Buenos Aires |
Argentina |
Miscellaneous Capital Goods |
|
66 |
|
|
|
Subsidiary |
North Charleston, SC |
United States |
Engineering Consultants |
13.5 |
65 |
|
|
|
Subsidiary |
Poole |
United Kingdom |
Miscellaneous Capital Goods |
6.7 |
65 |
|
|
|
Subsidiary |
Fyshwick , ACT |
Australia |
Aerospace and Defense |
6.7 |
65 |
|
|
|
Branch |
Sun Valley, CA |
United States |
Business Services |
5.9 |
65 |
|
|
|
Honeywell
International Inc./ New England Instrument Division |
Division |
Woonsocket, RI |
United States |
Miscellaneous Capital Goods |
|
65 |
|
|
Division |
Northford, CT |
United States |
Communications Equipment |
10.0 |
62 |
|
|
|
Subsidiary |
Buccinasco, MI |
Italy |
Communications Equipment |
1.0 |
61 |
|
|
|
Branch |
San Antonio, TX |
United States |
Electronic Instruments and Controls |
60.6 |
60 |
|
|
|
Subsidiary |
Badalona, Barcelona |
Spain |
Communications Equipment |
|
56 |
|
|
|
Subsidiary |
Asker, Akershus |
Norway |
Electronic Instruments and Controls |
19.4 |
55 |
|
|
|
Subsidiary |
Carnaxide |
Portugal |
Miscellaneous Capital Goods |
18.2 |
52 |
|
|
|
Subsidiary |
Lisboa |
Portugal |
Construction Services |
7.0 |
37 |
|
|
|
Branch |
Plymouth, MI |
United States |
Electronic Instruments and Controls |
38.2 |
50 |
|
|
|
Branch |
Richmond, VA |
United States |
Electronic Instruments and Controls |
38.2 |
50 |
|
|
|
Branch |
Cleveland, OH |
United States |
Office Equipment |
20.4 |
50 |
|
|
|
Branch |
Plainview, NY |
United States |
Business Services |
8.5 |
50 |
|
|
|
Branch |
Marlton, NJ |
United States |
Business Services |
6.1 |
50 |
|
|
|
Subsidiary |
Athens |
Greece |
Miscellaneous Capital Goods |
2.0 |
50 |
|
|
|
Subsidiary |
Shanghai |
China |
Security Systems and Services |
|
50 |
|
|
|
Subsidiary |
North Ryde, NSW |
Australia |
Security Systems and Services |
|
35 |
|
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Security Systems and Services |
1.0 |
|
|
|
|
Branch |
Manchester, NH |
United States |
Electronic Instruments and Controls |
47.5 |
47 |
|
|
|
Subsidiary |
Heverlee |
Belgium |
Chemical Manufacturing |
81.6 |
45 |
|
|
|
Subsidiary |
Sharjah |
United Arab Emirates |
Computer Hardware |
48.0 |
45 |
|
|
|
Subsidiary |
Austin, TX |
United States |
Communications Equipment |
14.8 |
45 |
|
|
|
Subsidiary |
Chupei City, Hsinchu Hsien |
Taiwan |
Electronic Instruments and Controls |
|
44 |
|
|
|
Subsidiary |
Heverlee |
Belgium |
Textiles - Non Apparel |
111.0 |
42 |
|
|
|
Branch |
Danville, IL |
United States |
Miscellaneous Capital Goods |
37.8 |
40 |
|
|
|
Branch |
Troy, MI |
United States |
Business Services |
9.2 |
40 |
|
|
|
Division |
Herndon, VA |
United States |
Software and Programming |
29.4 |
125 |
|
|
|
Subsidiary |
Ciudad Juarez, Chihuahua |
Mexico |
Miscellaneous Capital Goods |
0.8 |
38 |
|
|
|
Branch |
Columbia, MO |
United States |
Chemical Manufacturing |
20.0 |
37 |
|
|
|
Branch |
Houston, TX |
United States |
Aerospace and Defense |
12.2 |
37 |
|
|
|
Branch |
Pleasant Prairie, WI |
United States |
Miscellaneous Fabricated Products |
11.6 |
36 |
|
|
|
Branch |
Anniston, AL |
United States |
Miscellaneous Capital Goods |
8.8 |
36 |
|
|
|
Branch |
Birmingham, AL |
United States |
Computer Hardware |
41.0 |
35 |
|
|
|
Subsidiary |
Metropolis, IL |
United States |
Chemical Manufacturing |
35.0 |
35 |
|
|
|
Branch |
Salt Lake City, UT |
United States |
Electronic Instruments and Controls |
26.7 |
35 |
|
|
|
Branch |
East Syracuse, NY |
United States |
Retail (Home Improvement) |
9.0 |
35 |
|
|
|
Branch |
Lakewood, CO |
United States |
Engineering Consultants |
7.2 |
35 |
|
|
|
Branch |
Fort Bragg, NC |
United States |
Miscellaneous Capital Goods |
21.7 |
33 |
|
|
|
Branch |
Mesquite, TX |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Bellevue, WA |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
South Berwick, ME |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Cedar Park, TX |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Cumming, GA |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Cary, NC |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Subsidiary |
Willoughby, OH |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
South Boston, MA |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Newton, MA |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Denville, NJ |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Keller, TX |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Santa Ana, CA |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Dallas, TX |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Highlands Ranch, CO |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Chesterfield, VA |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Sarasota, FL |
United States |
Aerospace and Defense |
10.5 |
32 |
|
|
|
Branch |
Lewis Mcchord, WA |
United States |
Business Services |
7.6 |
32 |
|
|
|
Subsidiary |
Madrid |
Spain |
Security Systems and Services |
6.9 |
31 |
|
|
|
Branch |
Las Vegas, NV |
United States |
Electronic Instruments and Controls |
22.9 |
30 |
|
|
|
Subsidiary |
Houston, TX |
United States |
Business Services |
9.5 |
30 |
|
|
|
Branch |
St Louis, MO |
United States |
Electronic Instruments and Controls |
22.1 |
29 |
|
|
|
Subsidiary |
Barcelona |
Spain |
Auto and Truck Parts |
12.0 |
28 |
|
|
|
Branch |
Nashville, TN |
United States |
Business Services |
4.8 |
28 |
|
|
|
Subsidiary |
Fairborn, OH |
United States |
Electronic Instruments and Controls |
19.1 |
25 |
|
|
|
Subsidiary |
Providencia, Santiago |
Chile |
Miscellaneous Capital Goods |
5.0 |
25 |
|
|
|
Branch |
Albany, NY |
United States |
Construction Services |
4.7 |
25 |
|
|
|
Subsidiary |
Louisville, KY |
United States |
Business Services |
4.3 |
25 |
|
|
|
Subsidiary |
Saint-Jean-Sur-Richelieu, QC |
Canada |
Construction - Supplies and Fixtures |
10.8 |
24 |
|
|
|
Branch |
Fort Collins, CO |
United States |
Retail (Technology) |
7.9 |
23 |
|
|
|
Branch |
Toledo, OH |
United States |
Electronic Instruments and Controls |
15.3 |
20 |
|
|
|
Branch |
Columbia, SC |
United States |
Retail (Home Improvement) |
5.2 |
20 |
|
|
|
Branch |
Greenville, OH |
United States |
Miscellaneous Capital Goods |
4.9 |
20 |
|
|
|
Branch |
Sioux Falls, SD |
United States |
Construction Services |
4.0 |
20 |
|
|
|
Honeywell
International Inc./ Clarostat Sensors and Controls Division |
Division |
El Paso, TX |
United States |
Scientific and Technical Instruments |
|
20 |
|
|
Subsidiary |
Villepinte |
France |
Medical Equipment and Supplies |
42.5 |
14 |
|
|
|
Subsidiary |
Hof, Bayern |
Germany |
Miscellaneous Fabricated Products |
|
150 |
|
|
|
Subsidiary |
Villepinte |
France |
Apparel and Accessories |
228.0 |
149 |
|
|
|
Subsidiary |
Villepinte |
France |
Medical Equipment and Supplies |
41.4 |
149 |
|
|
|
Subsidiary |
Vierzon |
France |
Auto and Truck Parts |
34.9 |
149 |
|
|
|
Subsidiary |
Laguepie |
France |
Footwear |
29.7 |
80 |
|
|
|
Subsidiary |
Laguepie |
France |
Footwear |
29.7 |
78 |
|
|
|
Subsidiary |
St Forgeot |
France |
Fabricated Plastic and Rubber |
5.5 |
74 |
|
|
|
Subsidiary |
Sevrey |
France |
Miscellaneous Transportation |
|
74 |
|
|
|
Subsidiary |
Villepinte |
France |
Apparel and Accessories |
92.1 |
60 |
|
|
|
Subsidiary |
Dorno, Pavia |
Italy |
Apparel and Accessories |
4.4 |
25 |
|
|
|
Subsidiary |
Villepinte |
France |
Miscellaneous Capital Goods |
9.8 |
34 |
|
|
|
Subsidiary |
Givors |
France |
Footwear |
3.1 |
34 |
|
|
|
Subsidiary |
Valence |
France |
Footwear |
25.3 |
14 |
|
|
|
Subsidiary |
Bagnols Sur Ceze |
France |
Apparel and Accessories |
18.9 |
14 |
|
|
|
Subsidiary |
Villepinte |
France |
Personal and Household Products |
|
4 |
|
|
|
Subsidiary |
Plancher Bas |
France |
Personal and Household Products |
|
149 |
|
|
|
Subsidiary |
's-Gravenhage, Zuid-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
|
Subsidiary |
Plaintel |
France |
Paper and Paper Products |
66.3 |
149 |
|
|
|
Subsidiary |
Lübeck, Schleswig-Holstein |
Germany |
Medical Equipment and Supplies |
|
33 |
|
|
|
Subsidiary |
Östersund, Jämtland |
Sweden |
Construction - Supplies and Fixtures |
15.3 |
28 |
|
|
|
Subsidiary |
Helsingborg |
Sweden |
Miscellaneous Capital Goods |
17.3 |
19 |
|
|
|
Subsidiary |
Smithfield, RI |
United States |
Miscellaneous Fabricated Products |
546.3 |
12 |
|
|
|
Branch |
Smithfield, RI |
United States |
Medical Equipment and Supplies |
80.0 |
301 |
|
|
|
Branch |
Santa Ana, CA |
United States |
Medical Equipment and Supplies |
76.3 |
225 |
|
|
|
Branch |
Grove City, OH |
United States |
Construction and Agriculture Machinery |
81.5 |
100 |
|
|
|
Branch |
Middletown, CT |
United States |
Medical Equipment and Supplies |
33.9 |
100 |
|
|
|
Branch |
Chester, VA |
United States |
Medical Equipment and Supplies |
25.0 |
22 |
|
|
|
Subsidiary |
Dorno, Pavia |
Italy |
Apparel and Accessories |
2.8 |
3 |
|
|
|
Subsidiary |
Alleur |
Belgium |
Retail (Home Improvement) |
17.9 |
14 |
|
|
|
Subsidiary |
Ciudad Juarez, Chihuahua |
Mexico |
Miscellaneous Fabricated Products |
0.4 |
13 |
|
|
|
Subsidiary |
Offenbach Am Main, Hessen |
Germany |
Commercial Banks |
|
12 |
|
|
|
Subsidiary |
Offenbach Am Main, Hessen |
Germany |
Commercial Banks |
|
40 |
|
|
|
Subsidiary |
Seelze |
Germany |
Chemical Manufacturing |
192.9 |
1,100 |
|
|
|
Subsidiary |
Neunkirchen, Saarland |
Germany |
Retail (Specialty) |
69.1 |
80 |
|
|
|
Subsidiary |
Glinde, Schleswig-Holstein |
Germany |
Miscellaneous Financial Services |
12.8 |
50 |
|
|
|
Subsidiary |
Neunkirchen, Saarland |
Germany |
Auto and Truck Parts |
|
11 |
|
|
|
Subsidiary |
Seelze, Niedersachsen |
Germany |
Commercial Banks |
|
1 |
|
|
|
Subsidiary |
Monza, Milano (Milan) |
Italy |
Miscellaneous Capital Goods |
2.4 |
10 |
|
|
|
Subsidiary |
Aartselaar |
Belgium |
Miscellaneous Capital Goods |
1.6 |
10 |
|
|
|
Subsidiary |
Marietta, GA |
United States |
Electronic Instruments and Controls |
6.9 |
9 |
|
|
|
Subsidiary |
Thaon Les Vosges |
France |
Commercial Banks |
|
4 |
|
|
|
Subsidiary |
Neuilly Sur Marne |
France |
Miscellaneous Capital Goods |
40.0 |
149 |
|
|
|
Subsidiary |
Ivry Sur Seine |
France |
Miscellaneous Capital Goods |
17.2 |
34 |
|
|
|
Subsidiary |
Seoul |
Korea, Republic of |
Miscellaneous Capital Goods |
159.1 |
|
|
|
|
Subsidiary |
Sao Paulo |
Brazil |
Scientific and Technical Instruments |
75.0 |
|
|
|
|
Subsidiary |
Weybridge |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Miscellaneous Fabricated Products |
|
89 |
|
|
|
Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
14.7 |
37 |
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
3.8 |
15 |
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Appliance and Tool |
212.0 |
844 |
|
|
|
Subsidiary |
Stockport |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Business Services |
104.7 |
427 |
|
|
|
Subsidiary |
Essex |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Security Systems and Services |
|
5 |
|
|
|
Subsidiary |
Waltham Abbey |
United Kingdom |
Security Systems and Services |
|
|
|
|
|
Subsidiary |
Horsham |
United Kingdom |
Electronic Instruments and Controls |
82.7 |
345 |
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Construction Services |
0.0 |
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
|
United Kingdom |
Electronic Instruments and Controls |
|
|
|
|
|
Subsidiary |
Rickmansworth |
United Kingdom |
Personal Services |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
St Helens |
United Kingdom |
Nonclassifiable Industries |
|
45 |
|
|
|
Subsidiary |
St Helens |
United Kingdom |
Electronic Instruments and Controls |
|
25 |
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Ware |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Weybridge |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Weybridge |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Farnborough |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Calgary, AB |
Canada |
Communications Equipment |
63.4 |
325 |
|
|
|
Subsidiary |
Pantego, TX |
United States |
Electronic Instruments and Controls |
20.2 |
20 |
|
|
|
Subsidiary |
Hampshire |
United Kingdom |
Scientific and Technical Instruments |
|
273 |
|
|
|
Subsidiary |
Hampshire |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Portsmouth |
United Kingdom |
Miscellaneous Fabricated Products |
16.1 |
263 |
|
|
|
Subsidiary |
Ascot |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Didcot |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Santo Domingo |
Dominican Republic |
Miscellaneous Fabricated Products |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Aberdeen |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Motherwell |
United Kingdom |
Electronic Instruments and Controls |
537.9 |
2,033 |
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Electronic Instruments and Controls |
0.2 |
132 |
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Electronic Instruments and Controls |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Construction Services |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Liverpool |
United Kingdom |
Miscellaneous Fabricated Products |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Weybridge |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Surrey |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Surrey |
United Kingdom |
Personal Services |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Thaon Les Vosges |
France |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Gennevilliers |
France |
Aerospace and Defense |
61.1 |
374 |
|
|
|
Subsidiary |
St Quentin Fallavier |
France |
Retail (Specialty) |
67.7 |
149 |
|
|
|
Subsidiary |
Beauvais |
France |
Retail (Specialty) |
|
111 |
|
|
|
Subsidiary |
Levallois Perret |
France |
Miscellaneous Financial Services |
93.4 |
74 |
|
|
|
Subsidiary |
Malemort Sur Correze |
France |
Miscellaneous Capital Goods |
13.2 |
71 |
|
|
|
Subsidiary |
Torino, Torino (Turin) |
Italy |
Construction and Agriculture Machinery |
9.6 |
7 |
|
|
|
Subsidiary |
Atessa, CH |
Italy |
Auto and Truck Parts |
46.4 |
511 |
|
|
|
Subsidiary |
Levallois Perret |
France |
Chemicals - Plastics and Rubber |
|
|
|
|
|
Subsidiary |
Levallois Perret |
France |
Business Services |
|
|
|
|
|
Subsidiary |
Levallois Perret |
France |
Retail (Specialty) |
|
|
|
|
|
Division |
Freeport, IL |
United States |
Electronic Instruments and Controls |
|
|
|
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
|
|
|
|
|
Subsidiary |
Amsterdam Zuidoost, Noord-Holland |
Netherlands |
Miscellaneous Financial Services |
843.7 |
|
|
|
|
Subsidiary |
Taipei Hsien |
Taiwan |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
|
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Miscellaneous Capital Goods |
0.3 |
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Aerospace and Defense |
1.1 |
698 |
|
|
|
Subsidiary |
Yeovil |
United Kingdom |
Aerospace and Defense |
|
|
|
|
|
Subsidiary |
Christchurch |
United Kingdom |
Miscellaneous Fabricated Products |
37.7 |
193 |
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Business Services |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Investment Services |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Redditch |
United Kingdom |
Commercial Banks |
|
100 |
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Redditch |
United Kingdom |
Recreational Products |
11.6 |
95 |
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Chichester |
United Kingdom |
Nonclassifiable Industries |
3.4 |
23 |
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Stockport |
United Kingdom |
Oil and Gas Operations |
49.3 |
138 |
|
|
|
Subsidiary |
Stockport |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Stockport |
United Kingdom |
Nonclassifiable Industries |
|
50 |
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Mina Al-Fahal |
Oman |
Construction Services |
|
|
|
|
|
Subsidiary |
's-Hertogenbosch, Noord-Brabant |
Netherlands |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Bucharest |
Romania |
Miscellaneous Capital Goods |
|
|
|
|
|
Subsidiary |
Kyiv |
Ukraine |
Office Equipment |
|
|
|
|
|
Subsidiary |
Barueri, Sao Paulo |
Brazil |
Scientific and Technical Instruments |
|
|
|
|
|
Subsidiary |
Dubai |
United Arab Emirates |
Communications Equipment |
|
|
|
|
|
Subsidiary |
Evere |
Belgium |
Chemical Manufacturing |
|
|
|
|
|
Subsidiary |
Xiamen |
China |
Business Services |
|
|
|
|
|
Subsidiary |
Suzhou |
China |
Business Services |
|
|
|
|
|
Subsidiary |
Guaynabo |
Puerto Rico |
Office Equipment |
|
|
|
|
|
Joint Venture |
Riyadh, Ar Riyad |
Saudi Arabia |
Miscellaneous Capital Goods |
|
|
|
|
|
Pittway Corp |
Subsidiary |
|
|
|
|
|
|
|
Subsidiary |
Bracknell |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Burgess Hill |
United Kingdom |
Miscellaneous Fabricated Products |
91.5 |
192 |
|
|
|
Subsidiary |
Newbury |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
|
Subsidiary |
Burgess Hill |
United Kingdom |
Communications Equipment |
29.9 |
67 |
|
|
|
Subsidiary |
Redditch |
United Kingdom |
Electronic Instruments and Controls |
28.7 |
128 |
|
|
Competitors
Report
|
CompanyName |
Location |
Employees |
Ownership |
|
3M Company |
St. Paul, Minnesota, United States |
80,057 |
Public |
|
ABB Ltd. |
Zurich, Switzerland |
116,500 |
Public |
|
Air Products & Chemicals, Inc. |
Allentown, Pennsylvania, United States |
18,300 |
Public |
|
AKEBONO BRAKE INDUSTRY CO., LTD. |
Chuo-ku, Japan |
7,659 |
Public |
|
Ameresco Inc |
FRAMINGHAM, Massachusetts, United States |
735 |
Public |
|
Arkema SA |
Colombes, France |
14,000 |
Public |
|
Asahi Glass Company, Limited |
Chiyoda-ku, Japan |
50,523 |
Public |
|
Aspen Technology, Inc. |
Burlington, Massachusetts, United States |
1,269 |
Public |
|
BAE Systems |
London, United Kingdom |
107,000 |
Public |
|
Ball Corporation |
Broomfield, Colorado, United States |
14,500 |
Public |
|
BASF SE |
Ludwigshafen, Germany |
110,289 |
Public |
|
BorgWarner Inc. |
Auburn Hills, Michigan, United States |
17,500 |
Public |
|
BP plc |
LONDON, United Kingdom |
79,700 |
Public |
|
Cameco Corporation |
Saskatoon, Saskatchewan, Canada |
3,000 |
Public |
|
Champion Parts, Inc. |
Hope, Arkansas, United States |
291 |
Public |
|
Chicago Bridge & Iron Company N.V. |
Amsterdam, Netherlands |
12,600 |
Public |
|
Clariant AG |
Muttenz, Switzerland |
22,166 |
Public |
|
Computer Sciences Corporation |
Falls Church, Virginia, United States |
93,000 |
Public |
|
Continental AG |
Hanover, Germany |
159,116 |
Public |
|
Daikin Industries, Ltd. |
Osaka-shi, Japan |
41,569 |
Public |
|
DataLogic International, Inc. |
San Juan Capistrano, California, United
States |
150 |
Public |
|
DynaMotive Energy Systems |
Vancouver, British Columbia, Canada |
32 |
Public |
|
E.I. du Pont de Nemours & Company |
WILMINGTON, Delaware, United States |
60,000 |
Public |
|
Eastman Chemical Company |
Kingsport, Tennessee, United States |
10,000 |
Public |
|
Eaton Corporation |
Cleveland, Ohio, United States |
73,000 |
Public |
|
Emerson Electric Co. |
Saint Louis, Missouri, United States |
127,700 |
Public |
|
Exxon Mobil Corporation |
IRVING, Texas, United States |
83,600 |
Public |
|
Federal-Mogul Corporation |
Southfield, Michigan, United States |
42,700 |
Public |
|
Garmin Ltd. |
George Town, , Cayman Islands |
8,897 |
Public |
|
General Chemical Group |
East Hanover, New Jersey, United States |
704 |
Public |
|
General Electric Company |
Fairfield, Connecticut, United States |
300,000 |
Public |
|
Goodrich Corporation |
Charlotte, North Carolina, United States |
25,600 |
Public |
|
Hubbell Incorporated |
Orange, Connecticut, United States |
13,000 |
Public |
|
IHI Corporation |
Koto-ku, Japan |
26,035 |
Public |
|
Ineos ABS (India) Limited |
Vadodara, India |
84,230 |
Public |
|
Ingersoll-Rand PLC |
Dublin, Ireland |
59,000 |
Public |
|
Intermec Inc. |
Everett, Washington, United States |
1,745 |
Public |
|
Invensys plc |
London, United Kingdom |
20,664 |
Public |
|
ITT Corporation |
White Plains, New York, United States |
40,000 |
Public |
|
JBI, Inc. |
Cambridge, Massachusetts, United States |
65 |
Public |
|
Johnson Controls, Inc. |
Milwaukee, Wisconsin, United States |
142,000 |
Public |
|
K&F Industries, Inc. |
White Plain, New York, United States |
1,431 |
Private |
|
Kaiser Group Holdings |
Fairfax, Virginia, United States |
4 |
Public |
|
KMG Chemicals, Inc. |
Houston, Texas, United States |
318 |
Public |
|
KOLON CORPORATION |
Koachon-Si, Kyeonggi-Do, Korea, Republic
of |
48 |
Public |
|
Koninklijke Philips Electronics NV |
Amsterdam, Netherlands |
123,857 |
Public |
|
KVH Industries, Inc. |
Middletown, Rhode Island, United States |
390 |
Public |
|
KYOCERA CORPORATION |
Fushimi-ku,, Japan |
66,608 |
Public |
|
Linde AG |
Munich, Germany |
49,075 |
Public |
|
Lockheed Martin Corporation |
Bethesda, Maryland, United States |
126,000 |
Public |
|
Lonza Group AG |
Basel, Switzerland |
8,306 |
Public |
|
LSI Corporation |
Milpitas, California, United States |
5,718 |
Public |
|
Mine Safety Appliances |
Pittsburgh, Pennsylvania, United States |
5,200 |
Public |
|
Modine Manufacturing Co. |
Racine, Wisconsin, United States |
6,700 |
Public |
|
Motorola Solutions Inc |
Schaumburg, Illinois, United States |
32,000 |
Public |
|
Natco Pharma Ltd. |
Hyderabad, India |
1,400 |
Public |
|
NGK SPARK PLUG CO., LTD. |
Nagoya, Japan |
11,767 |
Public |
|
NIKKO CO., LTD. |
Akashi-shi, Japan |
792 |
Public |
|
Nikko Company |
Hakusan-shi, Japan |
985 |
Public |
|
Nisshinbo Holdings Inc. |
Chuo-ku, Japan |
18,292 |
Public |
|
Northrop Grumman Corporation |
Falls Church , Virginia, United States |
117,100 |
Public |
|
OMRON Corporation |
Kyoto-shi, Japan |
35,684 |
Public |
|
Parker-Hannifin Corporation |
Cleveland, Ohio, United States |
58,400 |
Public |
|
Praxair, Inc. |
Danbury, Connecticut, United States |
25,678 |
Public |
|
Raytheon Company |
Waltham, Massachusetts, United States |
72,000 |
Public |
|
RIKEN KEIKI CO., LTD. |
Itabashi-ku, Japan |
927 |
Public |
|
Rockwell Collins, Inc. |
Cedar Rapids, Iowa, United States |
20,000 |
Public |
|
Rolls-Royce Group plc |
London, United Kingdom |
40,300 |
Public |
|
Royal Dutch Shell plc |
The Hague, Netherlands |
97,000 |
Public |
|
Safran SA |
Paris, France |
55,437 |
Public |
|
SAIC, Inc. |
McLean, Virginia, United States |
41,000 |
Public |
|
Schneider Technologies AG |
Turkheim/Unterallgau, Germany |
659 |
Public |
|
SHINKO ELECTRIC INDUSTRIES CO., LTD. |
Nagano-shi, Japan |
5,028 |
Public |
|
Siemens AG |
Munich, Germany |
353,000 |
Public |
|
Sigma-Aldrich Corporation |
St. Louis, Missouri, United States |
8,300 |
Public |
|
Solvay S.A. |
Bruxelles, Belgium |
14,800 |
Public |
|
Syntroleum Corp |
Tulsa, Oklahoma, United States |
17 |
Public |
|
T.A.T. Technologies Ltd. |
Gedera, Israel |
584 |
Public |
|
TEIJIN LIMITED |
Chiyoda-ku, Japan |
17,542 |
Public |
|
Thales SA |
Neuilly-sur-Seine, France |
63,734 |
Public |
|
The Boeing Company |
CHICAGO, Illinois, United States |
160,500 |
Public |
|
The Shaw Group Inc. |
Baton Rouge, Louisiana, United States |
27,000 |
Public |
|
Thermo Fisher Scientific Inc. |
Waltham, Massachusetts, United States |
37,000 |
Public |
|
Thorn Group Ltd |
Regents Park, New South Wales, Australia |
415 |
Public |
|
Trimble Navigation Limited |
Sunnyvale, California, United States |
4,166 |
Public |
|
TRW Automotive Holdings Corp. |
Livonia, Michigan, United States |
61,300 |
Public |
|
Turbomecanica SA |
Bucharest |
447 |
Public |
|
Tyco International Ltd. |
Schaffhausen, Switzerland |
100,000 |
Public |
|
Ube Industries, Ltd. |
Minato-ku, Japan |
11,026 |
Public |
|
United Technologies Corporation |
Hartford, Connecticut, United States |
208,200 |
Public |
|
UNITIKA LTD. |
Osaka-shi, Japan |
4,845 |
Public |
|
URS Corporation |
San Francisco, California, United States |
46,000 |
Public |
|
Valeo SA |
Paris, France |
61,400 |
Public |
|
W.R. Grace & Co. |
Columbia, Maryland, United States |
6,000 |
Public |
|
Yamatake Corporation |
Chiyoda-ku, Japan |
8,215 |
Public |
|
Yokogawa Electric Corporation |
Musashino-shi, Japan |
19,334 |
Public |
Executive report
|
Board of
Directors |
|
|
|
|
||||||
|
Chairman of the Board, Chief Executive Officer |
Chairman |
|
||||||
|
|||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Independent Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Director |
Director/Board Member |
|
|
|||||
|
Director |
Director/Board Member |
|
|
|||||
|
Executives |
|
|
|
|
||||||
|
Chairman of the Board, Chief Executive Officer |
Chief Executive Officer |
|
||||||
|
|||||||||
|
President and Chief Executive Officer - Automation and Control
Solutions |
Division Head Executive |
|
|
|||||
|
|||||||||
|
President and Chief Executive Officer - Transportation Systems |
Division Head Executive |
|
|
|||||
|
|||||||||
|
Vice President General Manager |
Division Head Executive |
|
|
|||||
|
Vice President and General Manager, Performance Products, Specialty
Matreria |
Division Head Executive |
|
|
|||||
|
Managing Director |
Managing Director |
|
|
|||||
|
Director of Human Resources, Technology & Operations |
Operations Executive |
|
|
|||||
|
Network Operations Manager, Aerospace |
Operations Executive |
|
|
|||||
|
Network Operations Manager, Aerospace |
Operations Executive |
|
|
|||||
|
Senior Vice President - Engineering and Operations |
Operations Executive |
|
|
|||||
|
|||||||||
|
Director Experion Operations |
Operations Executive |
|
|
|||||
|
Sales and Marketing Operations |
Operations Executive |
|
|
|||||
|
Director, Human Resources Operations |
Operations Executive |
|
|
|||||
|
Safety Manager |
Environment/Safety Executive |
|
|
|||||
|
General Counsel, Environmental and
Combustion Controls |
Environment/Safety Executive |
|
|
|||||
|
Manager of Marketing For Safety Systems |
Environment/Safety Executive |
|
|
|||||
|
Vice President Sales |
Environment/Safety Executive |
|
|
|||||
|
Sales Manager Fire & Security
Solutions |
Environment/Safety Executive |
|
|
|||||
|
Vice President of Technology and
Environmental Engineering |
Environment/Safety Executive |
|
|
|||||
|
Oracle Database Administrator |
Administration Executive |
|
|
|||||
|
Db2 Database Administrator |
Administration Executive |
|
|
|||||
|
Distributed Database Administrator |
Administration Executive |
|
|
|||||
|
Lead Database Administrator, Aerospace |
Administration Executive |
|
|
|||||
|
E-Business Manager |
Administration Executive |
|
|
|||||
|
Security Engineer |
Security |
|
|
|||||
|
Security Architecture Manager |
Security |
|
|
|||||
|
Director of Security Solutions |
Security |
|
|
|||||
|
Information Systems Security Analyst |
Security |
|
|
|||||
|
Information System Security Analyst, Specialty Materials |
Security |
|
|
|||||
|
Vice President, Strategy and Marketing, Security |
Security |
|
|
|||||
|
Global Security Architect |
Security |
|
|
|||||
|
Vice President, Corporate Secretary & Deputy General Counsel |
Company Secretary |
|
|
|||||
|
Chief Financial Officer, Senior Vice President |
Finance Executive |
|
|
|||||
|
|||||||||
|
Director of Corporate Financial Systems |
Finance Executive |
|
|
|||||
|
Financial, Pricing Analyst |
Finance Executive |
|
|
|||||
|
Finance and Controllers Organization |
Finance Executive |
|
|
|||||
|
Director, Financial Reporting, Systems |
Finance Executive |
|
|
|||||
|
Director of Finance Systems, Automation and Control Solutions |
Finance Executive |
|
|
|||||
|
Director, Finance Systems |
Finance Executive |
|
|
|||||
|
Finance Liaison, Hipi |
Finance Executive |
|
|
|||||
|
Director-Finance Systems |
Finance Executive |
|
|
|||||
|
Director Finance Controller |
Finance Executive |
|
|
|||||
|
Vice President Finance |
Finance Executive |
|
|
|||||
|
Financial Analyst |
Finance Executive |
|
|
|||||
|
Pgm Manager Information Technology Audit and Compliance |
Accounting Executive |
|
|
|||||
|
National Account Sales and Marketing Manager |
Accounting Executive |
|
|
|||||
|
Director Corporate IT Audit |
Accounting Executive |
|
|
|||||
|
Vice President & Controller |
Accounting Executive |
|
|
|||||
|
Vice President-Investments |
Investment Executive |
|
|
|||||
|
Vice President-Investor Relations |
Investment Executive |
|
|
|||||
|
Vice President & Treasurer |
Treasurer |
|
|
|||||
|
Sales & Marketing Manager |
Controller |
|
|
|||||
|
Assistant Controller |
Controller |
|
|
|||||
|
Director Compensation Benefits |
Benefits & Compensation Executive |
|
|
|||||
|
Director Benefits |
Benefits & Compensation Executive |
|
|
|||||
|
Human Resources Manager |
Human Resources Executive |
|
|
|||||
|
Human Resources Services |
Human Resources Executive |
|
|
|||||
|
Human Resources Director |
Human Resources Executive |
|
|
|||||
|
Vice President - Human Resources |
Human Resources Executive |
|
|
|||||
|
Specialty Materials Human Resources Manager |
Human Resources Executive |
|
|
|||||
|
Human Resources Director, Transportation Systems |
Human Resources Executive |
|
|
|||||
|
Senior Vice President - Human Resources and Communications |
Human Resources Executive |
|
|
|||||
|
|||||||||
|
Human Resources Manager |
Human Resources Executive |
|
|
|||||
|
Vice President Human Resources |
Human Resources Executive |
|
|
|||||
|
Human Resources Coordinator |
Human Resources Executive |
|
|
|||||
|
Business Adviser Ex Human Resources Director For The International
Business |
Human Resources Executive |
|
|
|||||
|
Human Resources Manager |
Human Resources Executive |
|
|
|||||
|
Human Resources Manager |
Human Resources Executive |
|
|
|||||
|
Vice President, Human Resources and Communications, Acs |
Human Resources Executive |
|
|
|||||
|
Director, Human Resources-Law, Government Relations and Communications |
Human Resources Executive |
|
|
|||||
|
Director Human Resources - Honeywell International |
Human Resources Executive |
|
|
|||||
|
Human Resources Manager |
Human Resources Executive |
|
|
|||||
|
Recruiting Manager |
Human Resources Executive |
|
|
|||||
|
Director of Global Training Development |
Training Executive |
|
|
|||||
|
Training Director |
Training Executive |
|
|
|||||
|
Training Planner |
Training Executive |
|
|
|||||
|
Director Customer and Product Support |
Customer Service Executive |
|
|
|||||
|
Director Customer and Product Support |
Customer Service Executive |
|
|
|||||
|
Vice President Customer and Product Support |
Customer Service Executive |
|
|
|||||
|
Vice President Customer Care |
Customer Service Executive |
|
|
|||||
|
Vice President Sales |
Sales Executive |
|
|
|||||
|
Vice President Sales & Marketing |
Sales Executive |
|
|
|||||
|
Vice President Sales |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Director Sales |
Sales Executive |
|
|
|||||
|
Vice President Sales Marketing |
Sales Executive |
|
|
|||||
|
Vice President, Sales |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Sales Manager |
Sales Executive |
|
|
|||||
|
Sales Manager |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Vice President of System Sales |
Sales Executive |
|
|
|||||
|
Sales Manager |
Sales Executive |
|
|
|||||
|
Senior Vice President Sales |
Sales Executive |
|
|
|||||
|
Manager Sales |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Regional Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Manager Sales |
Sales Executive |
|
|
|||||
|
Infrastructure Manager, Aerospace |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Manager Sales |
Sales Executive |
|
|
|||||
|
Sales Manager |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Information Technology Program Manager Aerospace |
Sales Executive |
|
|
|||||
|
Director Sales |
Sales Executive |
|
|
|||||
|
Regional Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Director Sales |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Director Sales |
Sales Executive |
|
|
|||||
|
Sales and Marketing Specialist |
Sales Executive |
|
|
|||||
|
Sales Manager |
Sales Executive |
|
|
|||||
|
Manager, Service Sales |
Sales Executive |
|
|
|||||
|
Sales Vice President |
Sales Executive |
|
|
|||||
|
Director - Sales |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Manager Sales |
Sales Executive |
|
|
|||||
|
Account Executive |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Sales and Marketing |
Sales Executive |
|
|
|||||
|
Director Sales |
Sales Executive |
|
|
|||||
|
Regional Sales Manager & Marketing |
Sales Executive |
|
|
|||||
|
Sales Vice President |
Sales Executive |
|
|
|||||
|
Director Sales |
Sales Executive |
|
|
|||||
|
Managing Pre-Sales Activities |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Vice President Sales and Business Development |
Sales Executive |
|
|
|||||
|
Regional Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Vice President Sales |
Sales Executive |
|
|
|||||
|
Director Sales |
Sales Executive |
|
|
|||||
|
Sales Manager |
Sales Executive |
|
|
|||||
|
Regional Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Sales & Marketing Manager |
Sales Executive |
|
|
|||||
|
Director Sales |
Sales Executive |
|
|
|||||
|
Director Sales |
Sales Executive |
|
|
|||||
|
Director of System Sales |
Sales Executive |
|
|
|||||
|
Global Data Manager |
International Executive |
|
|
|||||
|
International Trade Compliance Coordinator |
International Executive |
|
|
|||||
|
Director Global Logistics |
International Executive |
|
|
|||||
|
Vice President of Global Marketing Communications |
International Executive |
|
|
|||||
|
Director Alliances Business Development Global Services |
International Executive |
|
|
|||||
|
Vice President, Strategy and Global Marketing |
International Executive |
|
|
|||||
|
Manager, Information Technology Program, Honeywell International |
International Executive |
|
|
|||||
|
Global Learning Leader |
International Executive |
|
|
|||||
|
Manager, Information Technology, Honeywell International |
International Executive |
|
|
|||||
|
Director, Strategy & Marketing |
Marketing Executive |
|
|
|||||
|
Manager Marketing, Strategy and Bd |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Director of Marketing |
Marketing Executive |
|
|
|||||
|
Business Development Director |
Marketing Executive |
|
|
|||||
|
Senior Marketing Vice President |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Product Manager For Unisim Design Suite |
Marketing Executive |
|
|
|||||
|
Vice President Strategy & Marketing |
Marketing Executive |
|
|
|||||
|
Marketing Manager-Honeywell Specialty Materials |
Marketing Executive |
|
|
|||||
|
Director-Marketing |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Director of Marketing |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Vice President Marketing S&C |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Manager Product Marketing Specialty Additives |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Vice President of Marketing |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Senior Marketing Manager |
Marketing Executive |
|
|
|||||
|
Vice President Infrastructure Automation & Controls |
Marketing Executive |
|
|
|||||
|
Director, Online Retail Marketing |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Director, Marketing |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Vice President Marketing |
Marketing Executive |
|
|
|||||
|
Manager - Strategic Marketing, South Asia |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Vice President Marketing |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Senior Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Vice President, Strategic Planning and Marketing, Aerospace |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Vice President of Marketing |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Vice President, Marketing |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Marketing Manager |
Marketing Executive |
|
|
|||||
|
Vice President-Corporate Communications |
Corporate Communications Executive |
|
|
|||||
|
Director-Media Relations |
Corporate Communications Executive |
|
|
|||||
|
Vice President Communications |
Corporate Communications Executive |
|
|
|||||
|
Vice President of External Communications |
Public Relations Executive |
|
|
|||||
|
Aes Sap Program Manager Aerospace Electronic Systems |
Information Executive |
|
|
|||||
|
Manager, Systems Engineering |
Information Executive |
|
|
|||||
|
Project Manager, Information Technology |
Information Executive |
|
|
|||||
|
Information Technology Manager |
Information Executive |
|
|
|||||
|
Information Technology Director |
Information Executive |
|
|
|||||
|
Manager-Telecommunications |
Information Executive |
|
|
|||||
|
Information Technology Manager |
Information Executive |
|
|
|||||
|
Manager, Information Technology |
Information Executive |
|
|
|||||
|
Information Technology Director |
Information Executive |
|
|
|||||
|
Information Technology Project Manager |
Information Executive |
|
|
|||||
|
Information Technology Manager |
Information Executive |
|
|
|||||
|
Director, Information Technology |
Information Executive |
|
|
|||||
|
Manager It |
Information Executive |
|
|
|||||
|
Manager, Information Technology |
Information Executive |
|
|
|||||
|
Information Technology Manager |
Information Executive |
|
|
|||||
|
Information Technology Security Analyst |
Information Executive |
|
|
|||||
|
Information Technology Manager |
Information Executive |
|
|
|||||
|
Director Information Technology |
Information Executive |
|
|
|||||
|
Acs Information Technology Manager Eastern Europe and Africa |
Information Executive |
|
|
|||||
|
Vice President and Chief Information Officer |
Information Executive |
|
|
|||||
|
|||||||||
|
Chief Information Officer |
Information Executive |
|
|
|||||
|
Information Security Analyst, Aerospace |
Information Executive |
|
|
|||||
|
Data Center Manager |
Information Executive |
|
|
|||||
|
Information Technology Program Manager |
Information Executive |
|
|
|||||
|
Future Combat Systems Program Manager |
Information Executive |
|
|
|||||
|
Branch Manager |
Information Executive |
|
|
|||||
|
Latin America Information Technology Manager |
Information Executive |
|
|
|||||
|
Technical Manager |
Information Executive |
|
|
|||||
|
Information Technology Program Manager Aerospace |
Information Executive |
|
|
|||||
|
Director, Information Technology, Aerospace |
Information Executive |
|
|
|||||
|
Information Security Analyst, Aerospace |
Information Executive |
|
|
|||||
|
Information Technology Program Manager Aerospace |
Information Executive |
|
|
|||||
|
Vice President of IT Strategy |
Information Executive |
|
|
|||||
|
Information Technology Director-Program Management At Honeywell |
Information Executive |
|
|
|||||
|
Information Technology Program Manager |
Information Executive |
|
|
|||||
|
Director of IT |
Information Executive |
|
|
|||||
|
Project Manager Information Technology |
Information Executive |
|
|
|||||
|
Web Developer |
Information Executive |
|
|
|||||
|
Project Manager |
Information Executive |
|
|
|||||
|
Information Technology Project Manager |
Information Executive |
|
|
|||||
|
Information Technology Support Analyst, Specialty Materials |
Information Executive |
|
|
|||||
|
Vice President Information Technology |
Information Executive |
|
|
|||||
|
Management Information Technology Project Manager |
Information Executive |
|
|
|||||
|
Information Technology, Procurement Manager |
Information Executive |
|
|
|||||
|
Data Infrastructure |
Information Executive |
|
|
|||||
|
Hps Director, Information Technology |
Information Executive |
|
|
|||||
|
Data Center Manager |
Information Executive |
|
|
|||||
|
It Manager |
Information Executive |
|
|
|||||
|
Manager, IT Architecture, Transportation Systems |
Information Executive |
|
|
|||||
|
Supply Chain Director, Transportation Systems |
Information Executive |
|
|
|||||
|
Functional Leader - Information Technology & Engineering |
Information Executive |
|
|
|||||
|
Corporate Director of Engineering Information Technology |
Information Executive |
|
|
|||||
|
Information Systems Manager |
Network Management Executive |
|
|
|||||
|
Network Enterprise Architect |
Network Management Executive |
|
|
|||||
|
Information Systems Manager |
Network Management Executive |
|
|
|||||
|
Vice President - Information Technology |
Engineering/Technical Executive |
|
|
|||||
|
Director, Software Development |
Engineering/Technical Executive |
|
|
|||||
|
Vice President and Chief Technology Officer, Turbo Technologies |
Engineering/Technical Executive |
|
|
|||||
|
Technical Director, Aerospace |
Engineering/Technical Executive |
|
|
|||||
|
Vice President Engineering |
Engineering/Technical Executive |
|
|
|||||
|
Director, Advanced Technology, Aerospace |
Engineering/Technical Executive |
|
|
|||||
|
Software Development Engineer |
Engineering/Technical Executive |
|
|
|||||
|
Director, Engineering, Specialty Materials |
Engineering/Technical Executive |
|
|
|||||
|
Engineering Manager |
Engineering/Technical Executive |
|
|
|||||
|
Director Engineering and Technology, Aerospace |
Engineering/Technical Executive |
|
|
|||||
|
Director of Learning Technologies |
Engineering/Technical Executive |
|
|
|||||
|
Manager, Engineered Material |
Engineering/Technical Executive |
|
|
|||||
|
Technical Manager, Specialty Materials |
Engineering/Technical Executive |
|
|
|||||
|
Software Architect |
Engineering/Technical Executive |
|
|
|||||
|
Programmer, Developer |
Engineering/Technical Executive |
|
|
|||||
|
Engineer |
Engineering/Technical Executive |
|
|
|||||
|
Manager, Aftermarket Engineering |
Engineering/Technical Executive |
|
|
|||||
|
Senior Software Engineer |
Engineering/Technical Executive |
|
|
|||||
|
Director, Technology Services |
Engineering/Technical Executive |
|
|
|||||
|
Technical Manager, Specialty Materials |
Engineering/Technical Executive |
|
|
|||||
|
Sap Technical Architect |
Engineering/Technical Executive |
|
|
|||||
|
Manager Software Development |
Engineering/Technical Executive |
|
|
|||||
|
Vice President, Advanced Technology |
Engineering/Technical Executive |
|
|
|||||
|
Software Product Manager |
Engineering/Technical Executive |
|
|
|||||
|
Application Engineering Manager |
Engineering/Technical Executive |
|
|
|||||
|
Personal Care Technologist |
Engineering/Technical Executive |
|
|
|||||
|
Recorder Product Manager |
Product Management Executive |
|
|
|||||
|
Product Marketing Manager |
Product Management Executive |
|
|
|||||
|
Product Manager |
Product Management Executive |
|
|
|||||
|
Contact Honeywell Employee Club Store Manager, Products and Pricing |
Product Management Executive |
|
|
|||||
|
Product Marketing Manager |
Product Management Executive |
|
|
|||||
|
Director, Product and Services Marketing |
Product Management Executive |
|
|
|||||
|
Product Manager |
Product Management Executive |
|
|
|||||
|
Product Marketing Manager |
Product Management Executive |
|
|
|||||
|
Finance Manager |
Product Management Executive |
|
|
|||||
|
Product Manager |
Product Management Executive |
|
|
|||||
|
Director Product Line Manager |
Product Management Executive |
|
|
|||||
|
New Product Development |
Product Management Executive |
|
|
|||||
|
Director Business Development |
Business Development Executive |
|
|
|||||
|
Vice President, Business Development, Acs |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Director Strategy and Business Development |
Business Development Executive |
|
|
|||||
|
Senior Manager Business Development (M&A) |
Business Development Executive |
|
|
|||||
|
Vice President of Strategy and Business Development |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Business Development Manager |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Director Strategy & Business Development |
Business Development Executive |
|
|
|||||
|
Manager of Strategy and Business Development |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Business Developement Director |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Director, Business Development |
Business Development Executive |
|
|
|||||
|
Business Development Director |
Business Development Executive |
|
|
|||||
|
Business Development Manager |
Business Development Executive |
|
|
|||||
|
Director of Commercial Excellence |
Commercial Executive |
|
|
|||||
|
Senior Vice President - Energy Strategy |
Planning Executive |
|
|
|||||
|
Senior Vice President and General Counsel |
Legal Executive |
|
|
|||||
|
|||||||||
|
Intellectual Property Counsel |
Legal Executive |
|
|
|||||
|
Compliance Manager |
Legal Executive |
|
|
|||||
|
Senior Vice President & General Counsel |
Legal Executive |
|
|
|||||
|
General Counsel and Intellectual Property Counsel |
Legal Executive |
|
|
|||||
|
Compliance Director |
Legal Executive |
|
|
|||||
|
Manager, Transportation and Logistics |
Logistics Executive |
|
|
|||||
|
Director-Logistics |
Logistics Executive |
|
|
|||||
|
Director, Integrated Supply Chain, Emeai Distribution |
Logistics Executive |
|
|
|||||
|
Vice President of Supply Chain |
Purchasing Executive |
|
|
|||||
|
Director Supply Chain |
Purchasing Executive |
|
|
|||||
|
Purchasing Manager |
Purchasing Executive |
|
|
|||||
|
Applications Manager-Supply Chain |
Purchasing Executive |
|
|
|||||
|
Director, It, Specialty Materials |
Purchasing Executive |
|
|
|||||
|
Senior Contracts Manager, Hipi |
Purchasing Executive |
|
|
|||||
|
Vice President of Risk Management |
Insurance Executive |
|
|
|||||
|
Honeywells Vice President For Health Management |
Medical Specialist |
|
|
|||||
|
Event Planner |
Meeting/Travel Planner |
|
|
|||||
|
Event Planner |
Meeting/Travel Planner |
|
|
|||||
|
Consultant |
Other |
|
|
|||||
|
Vice President of Global Business Transformation |
Other |
|
|
|||||
|
Cad Designer |
Other |
|
|
|||||
|
Vice President Talent and Learning |
Other |
|
|
|||||
|
Manager Pricing |
Other |
|
|
|||||
|
Vice President, Critical Infrastructure Protection |
Other |
|
|
|||||
|
Director |
Other |
|
|
|||||
|
Bi Coe Leader |
Other |
|
|
|||||
|
Vice President, Licensing, Hipi |
Other |
|
|
|||||
|
Manager |
Other |
|
|
|||||
|
Project Manager |
Other |
|
|
|||||
|
Director |
Other |
|
|
|||||
|
Team Leader |
Other |
|
|
|||||
|
Director, Strategic Sourcing, Acs |
Other |
|
|
|||||
|
Program Manager |
Other |
|
|
|||||
|
Team Leader |
Other |
|
|
|||||
|
Erp Deployment Director, Aerospace |
Other |
|
|
|||||
|
Director, Corporate Learning |
Other |
|
|
|||||
|
Senior Market Manager |
Other |
|
|
|||||
|
Director Service |
Other |
|
|
|||||
|
User Experience Manager |
Other |
|
|
|||||
|
Vice President-Enterprises |
Other |
|
|
|||||
|
Desktop Publishing Specialist |
Other |
|
|
|||||
|
Director IT Effectiveness |
Other |
|
|
|||||
|
Regional Manager |
Other |
|
|
|||||
|
Infrastructure Manager |
Other |
|
|
|||||
|
Director Learning, Functional Excellence |
Other |
|
|
|||||
|
Vice President-Mergers & Aquisitions |
Other |
|
|
|||||
|
Manager, Application Hosting, Intel Server Architecture |
Other |
|
|
|||||
|
Market Manager, Energy Services |
Other |
|
|
|||||
|
Solutions Leader, Business Intelligence |
Other |
|
|
|||||
|
Titlecode.Executive |
Other |
|
|
|||||
|
Project Manager |
Other |
|
|
|||||
|
Program Manager |
Other |
|
|
|||||
|
Reglsales Manager |
Other |
|
|
|||||
|
Managercommunications |
Other |
|
|
|||||
|
Program Manager |
Other |
|
|
|||||
|
Sap Project Manager |
Other |
|
|
|||||
|
Voting Member |
Other |
|
|
|||||
|
Vice President, Licensing, Hipi |
Other |
|
|
|||||
|
Operations Coordinator |
Other |
|
|
|||||
|
Program Manager |
Other |
|
|
|||||
|
Emea Enterprise Computing Service Manager |
Other |
|
|
|||||
|
Vice President, Erp Center of Expertise |
Other |
|
|
|||||
|
Project Manager |
Other |
|
|
|||||
|
Manager, Sap Project |
Other |
|
|
|||||
|
Director of Behavioral Learning Programs |
Other |
|
|
|||||
|
Program Manager |
Other |
|
|
|||||
Honeywell International Inc.
Significant
Developments
Honeywell
International Inc to Build New Friction Materials Plant in Romania-Benzinga.com
Oct 19, 2011
Benzinga.com
reported that Honeywell International Inc is considering a new
auto-motive-brake pad manufacturing facility near Ploiesti, Romania. The new
site could begin production by the end of 2012 and focus on leading edge,
environmental-friendly brake pad technology for European passenger vehicles.
Further details were not disclosed.
Honeywell
International Inc. Introduces New Ultra-High Barrier Film For Pharmaceutical
Packaging Oct 17, 2011
Honeywell
International Inc. announced it has introduced a new pharmaceutical packaging
film that provides the highest moisture barrier of any film of its type. Part
of the Aclar family of films, the new product, Aclar UltRx 6000, is effective
at protecting moisture-sensitive medicines in all climates, even the hottest
and most humid locations. This allows pharmaceutical companies to standardize
their product packaging with one solution that will work in all regions of the
world. Aclar UltRx 6000 is a 6 mil, 152 micron thermoformable film that
provides an extremely low water/moisture vapor transmission rate (WVTR/MVTR).
Honeywell
International Inc.'s UOP LLC Secures Contract To Provide Technology For
Petrochemicals Production In China Oct 13, 2011
UOP LLC, Honeywell
International Inc. announced that it has been selected by Yantai Wanhua
Polyurethanes Co., Ltd. to provide technology to produce key petrochemicals to
meet growing demand in China. Yantai Wanhua will use Honeywell's UOP process
technology, catalysts and adsorbents to produce propylene, a building block for
films and packaging, and isobutane, a raw material used in the polyurethane
production process, at its facility in Yantai, China.
Honeywell
International Inc. and Sinochem Announce Formation of Joint Venture in China Oct
10, 2011
Honeywell
International Inc. and Sinochem Group announced that they have signed an
agreement to form a 50/50 joint venture to produce and sell blowing agents for
energy efficient foam insulation in China to meet growing demand in the Asia
region for more energy efficient and environmentally friendlier materials. The
formation of the joint venture is subject to Chinese government approval. The
joint venture, to be located in Taicang, Jiangsu Province, will produce
HFC-245fa, a non-ozone-depleting rigid foam blowing agent used in insulation
for appliances, construction, transportation and other applications where
maximum energy efficiency is required. The venture is expected to begin
production in late 2013. Honeywell's newly launched next generation HFO
lower-global-warming-potential blowing agent - Solstice Liquid Blowing Agent --
may also be produced by the joint venture. The new joint venture will have
exclusive rights to sell HFC-245fa in the Asia region.
Honeywell
International Inc. Reaffirms FY 2011 Guidance; Issues Q3 2011 Guidance In Line
With Analysts' Estimates Sep 22, 2011
Honeywell
International Inc. reaffirmed its financial 2011 guidance and expects sales
between $36.1-$36.7 billion, excludes the divested Consumer Products Group
business (CPG),treated as discontinued operations and earnings per share of
$3.85-$4.00 which includes discontinued operations of approximately $0.25 and
excludes any mark to market pension adjustments. For the third quarter of 2011,
it expects sales in the range of $9.1-$9.4 billion and expects earnings per
share near high end of $0.96-$1.01 range. According to I/B/E/S Estimates,
analysts were expecting the Company to report revenues of $36.7 billion and EPS
of $3.97 for fiscal 2011; revenues of $9.3 billion and EPS of $0.99 for the
third quarter of 2011.
Honeywell
International Inc. And Opower Develop Next-Generation Tools To Reduce Energy
Use And Costs In Homes Sep 13, 2011
Honeywell
International Inc. and Opower announced plans to jointly develop energy
management tools to help consumers cut their energy use and expenses. The
companies will combine Honeywell's expertise in residential automation and
control systems with Opower's energy data analytics and customer engagement
techniques to create intuitive, reliable and cost-effective technology that
will provide energy savings in the home and across the entire electrical grid.
Honeywell and Opower will initially launch a platform that includes a
Web-connected programmable thermostat to help utilities boost energy efficiency
programs, driving deeper savings in the home and maximizing return on
investment. The technology will measure, analyze and report homeowners'
electricity use, including detailed information from the thermostat, which
controls heating and cooling systems equipment that accounts for almost 50% of
all residential energy consumption. The companies plan to pilot the new product
with select utility partners over the next few months. The platform may
eventually support utilities' efficiency programs for light commercial
customers, as well as demand response programs, which help temporarily reduce
electricity consumption when energy use spikes and strains the grid. Honeywell
also plans to sell similar products through residential contractors and
retailers.
Honeywell International Inc.'s UOP LLC Selected To Provide Technology
For Petrochemical Production In China Sep 08, 2011
UOP LLC, a
Honeywell International Inc. company, announced that Fujian Meide Petrochemical
Co. Ltd. selected it to provide key technology to help meet the growing Chinese
demand for propylene, a petrochemical used in plastics production. The new
propane dehydrogenation unit at the facility will use UOP's C3 Oleflex
technology to produce propylene, a material used in the production of materials
such as films and packaging. UOP will provide engineering design, technology
licensing, catalysts, adsorbents, equipment, staff training and technical
service for the project at Fujian Meide's facility in Fujian City, Fujian
Province, China. The unit, expected to start up in 2014, will produce 660,000
metric tons of propylene annually. It will be the largest propane
dehydrogenation unit in the world to date.
Honeywell
International Inc. Wins $450 Million Contract For NASA Goddard Space Flight
Center Ground Systems and Mission Operations Sep 07, 2011
Honeywell
International Inc. announced that it has won a five-year, $450 million contract
with NASA's Goddard Space Flight Center (GSFC) to provide Ground Systems and
Mission Operations (GSMO) services for the agency's fleet of scientific
research satellites. The NASA research satellite program is focused on gaining
a better understanding on key issues such as planetary exploration, natural
disaster characterization, climate change, ground topography mapping,
agricultural efficiency, and electromagnetic effects on the earth. Honeywell
will work with GSFC to help extend the life of existing research satellites and
increase optimization for new satellites that will support greater scientific
space research activities in the future. As part of the contract, Honeywell will
also develop concepts of operations, provide systems engineering, and integrate
and test new satellite ground systems from launch to orbit operations. The
contract will continue through October 2016.
Honeywell
International Inc.'s UOP LLC Selected To Provide Technology For Petrochemicals
Production In China Aug 25, 2011
UOP LLC, a
Honeywell International Inc. company, announced that it has been selected by
Jiangsu Haili Chemical Industry Co., Ltd. to provide key technologies to
produce propylene, cumene and phenol at its facility in Dafeng City, Jiangsu
Province, China. The facility will use UOP C3 Oleflex process technology to
convert propane to propylene, a substance used in the production of materials
such as films and packaging. Additionally, the UOP Q-Max and UOP Phenol process
technologies will be integrated to convert cumene to phenol, a building block
for materials such as plastic and nylon. The new units, expected to start up in
2014, will produce 510,000 metric tons of propylene, 473,000 metric tons of
cumene and 360,000 metric tons of phenol annually. UOP will provide engineering
design, technology licensing, catalysts, adsorbents, equipment, staff training
and technical service for the project.
EMS Technologies,
Inc. Announces Voluntary Delisting from NASDAQ Global Select Market Following
Acquisition By Honeywell International Inc.'s Egret Acquisition Corp Aug 22,
2011
EMS Technologies,
Inc. announced that it has notified the NASDAQ Stock Market of its intent to
delist its common stock from the NASDAQ Global Select Market following the
completion of the tender offer by and merger with Egret Acquisition Corp, a
wholly-owned subsidiary of Honeywell International Inc. The Company has
requested that NADA file with the SEC a Form 25 relating to the delisting of
its common stock from NASDAQ. Trading of the Company common stock on the NASDAQ
Global Select Market will be suspended as of the opening of trading on August
23, 2011.
Honeywell
International Inc.'s Egret Acquisition Corp. Announces Successful Completion of
Tender Offer for EMS Technologies, Inc.
Aug 22, 2011
Honeywell
International Inc. announced that its wholly-owned subsidiary Egret Acquisition
Corp. successfully completed the tender offer for all shares of common stock of
EMS Technologies, Inc., including the associated common stock purchase rights,
at a price of $33.00 per share, without interest and net of applicable
withholding taxes. The tender offer expired on August 19, 2011. The Depositary
for the tender offer advised that, as of the tender offer's expiration,
shareholders of EMS had validly tendered and not withdrawn 14,255,726 shares of
EMS common stock, including 564,632 shares tendered through notices of
guaranteed delivery. The shares tendered represent approximately 91.6% of the
outstanding shares of EMS (or approximately 85.5% calculated on a fully diluted
basis).
Honeywell
International Inc.'s UOP LLC Secures Contract Aug 09, 2011
UOP LLC, a
Honeywell International Inc. company, announced that Oman Oil Refineries and Petroleum
Industries (Orpic) has selected UOP/Foster Wheeler technology to help process
heavy oil and expand fuel and petrochemicals production at a refinery in Sohar,
Oman. Orpic will use the UOP/Foster Wheeler Solvent Deasphalting (SDA) process
technology to convert heavy crude to low-contaminant deasphalted oil, a product
that is further processed in refineries to produce liquefied petroleum gas
(LPG), gasoline, jet fuel, diesel and propylene. Honeywell's UOP and Foster
Wheeler in collaboration will provide the technology license and basic
engineering package for the new unit, which is expected to start up in 2015.
Honeywell
International Inc.'s UOP LLC And Exxon Mobil Corporation's ExxonMobil Research
& Engineering Company Announces Licensing Alliance Aug 03, 2011
Honeywell
International Inc.'s UOP LLC announced that it has formed a licensing alliance
with ExxonMobil Research & Engineering Company (EMRE) to offer integrated
solutions for the production of lubricant oils and high-quality fuels. The
agreement between Honeywell UOP and EMRE will provide a one-stop solution for
refiners to maximize production levels of both lubricant oils and diesel fuel.
The alliance brings together EMRE technology, used to produce lube base oils
for use in motor oil, with UOP hydroprocessing solutions, which produce the
high-quality feedstocks needed for lubricant production.
Honeywell
International Inc.'s UOP LLC Secures Contract Aug 02, 2011
UOP LLC, a
Honeywell company, announced that it has been selected by Zhejiang Julong
Petrochemical Co. Ltd (ZJLPC) to provide key technology for a new unit to
produce propylene at its facility in Pinghu City, Zhejiang Province, China.
Honeywell's UOP will provide engineering design, technology licensing,
catalysts, adsorbents, equipment, staff training and technical service for the
project.
Honeywell
International Inc. Announces Early Termination Of Hart-Scott Rodino Act Waiting
Period Relating To Egret Acquisition Corp. Tender Offer For All Outstanding
Shares Of EMS Technologies, Inc.
Aug 02, 2011
Honeywell
International Inc. announced that it has received early termination of the
waiting period under the Hart-Scott Rodino Antitrust Improvements Act of 1976,
as amended (HSR Act), in connection with the previously-announced cash tender
offer made by Egret Acquisition Corp., a wholly-owned subsidiary of Honeywell,
to purchase all of the outstanding shares of common stock of EMS Technologies,
Inc. including the associated common stock purchase rights, at a price of
$33.00 per share, without interest and net of applicable withholding taxes.
Honeywell also has received the required foreign antitrust approval in Austria
in connection with the tender offer. The early termination of the waiting
period under the HSR Act satisfies one of the conditions for consummation of
the tender offer. The tender offer continues to be subject to the satisfaction
of other conditions, including the receipt of Canadian antitrust approval and
Federal Communications Commission approvals. As previously announced, the
tender offer is scheduled to expire at 5:30 p.m., New York City time, on August
19, 2011. The tender offer may be extended pursuant to the procedures described
in the Offer to Purchase with respect to the tender offer.
Honeywell
International Inc. Declares Quarterly Dividend Jul 29, 2011
Honeywell
International Inc. announced that its Board of Directors has declared a regular
quarterly dividend of $0.3325 per share on the Company's outstanding common
stock. The dividend is payable on September 9, 2011 to shareowners of record at
the close of business on August 19, 2011.
Honeywell
International Inc.'s Egret Acquisition Corp. Extends Tender Offer For All
Outstanding Shares Of EMS Technologies, Inc. Jul 26, 2011
Honeywell
International Inc. announced that its wholly owned subsidiary, Egret
Acquisition Corp., is extending until August 19, 2011, its previously announced
cash tender offer for all of the outstanding shares of common stock of EMS
Technologies, Inc., including the associated common stock purchase rights, at a
price of $33.00 per share, without interest and net of applicable withholding
taxes. The tender offer is subject to the satisfaction of conditions, including
the receipt of antitrust and Federal Communications Commission approvals. The
Depositary for the tender offer has advised Honeywell that as of July 25, 2011,
stockholders of EMS had validly tendered and not withdrawn 13,593,226 shares of
EMS common stock, including 1,390,810 shares tendered through notices of
guaranteed delivery. The shares tendered represent approximately 87.4% of the
outstanding shares of EMS (or approximately 81.6% calculated on a fully diluted
basis). The tender offer was previously set to expire on July 25, 2011, and may
be further extended as described in the Offer to Purchase with respect to the
tender offer.
Honeywell
International Inc. Raises FY 2011 Guidance Jul 22, 2011
Honeywell
International Inc. announced that for fiscal 2011, it expects revenue to be in
the range of $36.1-$36.7 billion and earnings in the range of $3.85-4.00 per
share (EPS) (including discontinued operations) versus a previous estimate of
$3.80-3.95 per share, an increase of 28-33% over 2010 proforma EPS of $3.00 (in
each case, this excludes any mark-to-market pension adjustments). According to
I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.98
for fiscal 2011.
Honeywell
International Inc.'s UOP LLC Secures Contract Jul 05, 2011
Honeywell
International Inc. announced that UOP LLC, a Honeywell company, announced that
China's Wison (Nanjing) Clean Energy Company Ltd. has selected UOP technology
to convert methanol into building blocks for chemical products at an existing
coal chemical complex in China. The project will be the first commercial-scale
installation of Honeywell UOP's advanced MTO methanol-to-olefins solution,
which allows petrochemical producers to use methanol from natural gas or coal,
instead of petroleum, to produce high yields of high-value plastics and
petrochemicals. This solution, which combines the UOP/Hydro MTO process and the
Total Petrochemicals/UOP Olefin Cracking Process, allows producers in countries
with limited supplies of crude oil, but plentiful quantities of coal or natural
gas, to produce high-value petrochemicals. Honeywell UOP will provide
technology licenses, basic engineering, catalysts, adsorbents, specialty
equipment and technical services for the plant, which is expected to start up
in 2013.
Honeywell International Inc.'s Subsidiary Commences Tender Offer For All
Outstanding Shares Of EMS Technologies, Inc. Jun 27, 2011
Honeywell
International Inc. announced that its wholly-owned subsidiary, Egret
Acquisition Corp., is commencing its previously-announced cash tender offer for
all of the outstanding shares of common stock of EMS Technologies, Inc.,
including the associated common stock purchase rights, at a price of $33 per
share, without interest and net of applicable withholding taxes. Following the
successful completion of the tender offer, and subject to the satisfaction of
certain conditions, Egret Acquisition Corp. will complete a second-step merger
in which remaining EMS shares will be converted into the right to receive the
same per share price paid in the tender offer and EMS will become a
wholly-owned subsidiary of Honeywell. The completion of the tender offer is
subject to certain conditions, including, among others, the valid tendering
without withdrawal of EMS shares representing at least a majority of the
outstanding shares of EMS common stock on a fully-diluted basis and the receipt
of regulatory approvals.
Adu Dhabi Oil
Refining Company Selects Honeywell International Inc.'s UOP LLC To Provide
Technology For Expanded Petrochemical Production Jun 23, 2011
Honeywell
International Inc.'s UOP LLC announced that it has been selected by the Abu
Dhabi Oil Refining Co. (Takreer) to provide key technology for a new
petrochemical production unit in the United Arab Emirates. The new propane
dehydrogenation (PDH) unit will use UOP's C3 Oleflex technology to convert propane
to propylene, a material used in the production of materials such as films and
packaging. The unit is expected to produce 500,000 metric tons of propylene per
year. UOP will provide engineering design, technology licensing, catalysts,
adsorbents and equipment for the project, which is expected to start up by the
end of 2013.
Honeywell
International Inc. Secures Contract From U.S. Army to Provide Advanced
Ballistic Materials for Combat Helmets Jun 22, 2011
Honeywell
International Inc. announced that it has been awarded a three-year contract
from the U.S. Army to provide advanced ballistic materials that will improve
the performance and reduce the weight of combat helmets. Under the contract,
Honeywell will deliver helmets made with Spectra Shield and Gold Shield
ballistic materials to the Army for testing and evaluation. Honeywell's goal is
to reduce the weight of the Army's current helmet design by 16% to 24%, and
also help to improve both the ballistic and non ballistic performance of
helmets beyond what is currently available.
Honeywell
International Inc. and Safran SA to Create Joint Venture to Launch New Green
Aircraft Taxiing System
Jun 19, 2011
Honeywell
International Inc. and Safran SA announced that they have signed a memorandum
of understanding to create a joint venture company to deliver an new electric
green taxiing system for new and existing aircraft. Honeywell and Safran expect
it to be installed on new aircraft and retrofitted on to existing planes,
beginning in 2016. The new taxiing system will significantly improve airline
operational efficiency and provide environmental benefits by slashing the
carbon and other emissions created during runway taxi operations. Honeywell and
Safran will leverage the plane's Auxiliary Power Unit (APU) generator to power
electrical motors in the aircraft's main wheels without using main engines
during aircraft ground operations, thereby cutting costs, emissions and
reliance on fossil fuels.
Honeywell
International Inc. To Acquire EMS Technologies, Inc. For $491 Million Jun 13,
2011
Honeywell
International Inc. announced that it has signed a definitive agreement to
acquire EMS Technologies, Inc., for $33 per share in cash, or an aggregate
purchase price of approximately $491 million, net of cash acquired. The
purchase price translates to approximately 13 times EMS's 2010 earnings before
interest, taxes, depreciation and amortization (EBITDA), or approximately 9
times 2010 EBITDA excluding certain corporate costs. The agreement provides for
a subsidiary of Honeywell to commence a tender offer within 10 business days to
purchase all outstanding shares of EMS. Honeywell has been informed that all
directors and officers of EMS intend to tender all of their respective shares
in the Offer. The Offer will be subject to the tender of a majority of EMS's
shares and customary closing conditions, including regulatory approvals. The
transaction is expected to close in the third quarter of 2011. The tender offer
described in this news release has not been commenced.
Honeywell
International Inc. Secures 96 Million Contract For Safety And Mission Assurance
Services At NASA
Jun 06, 2011
Honeywell
International Inc. announced that it has won a five year $96 million contract
with NASA's Safety Center (NSC) to provide audits, assessments, and assurance
services across the agency's centers and suppliers. Under the terms of the
contract HTSI, a wholly-owned subsidiary of Honeywell, will provide critical
safety and mission assurance support worldwide under direction of the NASA Safety
Center (NSC). This support is provided to NASA headquarters, field centers,
programs and projects, and suppliers.
Honeywell
International Inc. Announces Selection To Expand Iraqi Transportation Fuel
Production May 25, 2011
Honeywell
International Inc. announced that its technology has been selected for a new
transportation fuel refinery to be built in Iraq. The State Company for Oil
Projects (SCOP), under the Ministry of Oil for Iraq, has selected Honeywell's
UOP to provide key technologies to process 300,000 barrels per day (bpd) of
domestic crude oil into gasoline and diesel fuel at the new facility in
Nassiriya, Iraq.
Sunoco, Inc. To
Sell Phenol Manufacturing Facility To Honeywell International Inc. May 18, 2011
Sunoco, Inc.
announced that it has reached a definitive agreement to sell its one billion
pounds per year phenol and acetone manufacturing facility in Philadelphia, Pa.
to Honeywell. Sunoco will sell the facility and the estimated value of the
product inventory attributable to the facility for a combined purchase price of
approximately $85 million. The product inventory will be valued at market
prices at closing. The company is expected to incur pretax charges, which are
primarily non-cash, of approximately $125-$150 million related to the sale
primarily in the second quarter of 2011. The transaction is subject to
regulatory approval and customary closing conditions and is expected to be
completed in the third quarter of 2011.
BorgWarner Inc.
Announces Resolution of Patent Lawsuit Against Honeywell International Inc.
May 16, 2011
BorgWarner Inc.
and Honeywell International Inc. announced that they have settled their lawsuit
resolving BorgWarner's patent infringement claims in the U.S. District Court
for the Western District of North Carolina. Under the terms of their agreement,
Honeywell has agreed to pay $32.5 million for a paid up license to use the
asserted BorgWarner patents. All other terms of the settlement are
confidential. The lawsuit involved three BorgWarner patents relating to the
design and manufacture of cast titanium compressor wheels, used in
turbochargers. Cast titanium compressor wheels are preferred for commercial
vehicle engine applications with high cyclical loads and higher charging
pressures. BorgWarner's patents were the result of a special development
program to find a cost-effective solution for these applications.
Honeywell
International Inc.'s Honeywell Turbo Technologies Settles Lawsuit With
BorgWarner May 16, 2011
Honeywell
International Inc.'s Honeywell Turbo Technologies announced that it has reached
an agreement with BorgWarner Turbo Technologies to settle a four-year-old
patent dispute relating to cast titanium compressor wheels used in select
commercial vehicle applications. Under the terms of the settlement Honeywell
will receive a paid-up license to BorgWarner's asserted patents in exchange for
a one-time payment of $32.5 million. Other terms of the settlement are
confidential. Honeywell was prepared to defend its position at trial in the
District Court for the Western District of North Carolina but felt the
settlement resolving the dispute at a fraction of BorgWarner's claim was the
solution for Honeywell and its customers. BorgWarner had sought damages of more
than $100 million and asserted the award should be tripled for willful
infringement. The U.S. Patent Office has reopened examination of the three
BorgWarner patents in dispute and has preliminarily found them invalid.
Honeywell
International Inc. Wins New Contract To Modernize HNA Group's Growing Fleet May
14, 2011
Honeywell
International Inc. announced that it has significantly extended its partnership
with HNA Group to provide Honeywell 131-9 series Auxiliary Power Units (APU)
together with an APU maintenance solution for the Chinese air transport
company's rapidly expanding fleet. The value of the agreement was not
disclosed. The new contract includes the installation and aftermarket servicing
of Honeywell 131-9 series APUs in 42 new A320 aircraft. The APUs will be
delivered over three years, beginning in 2012. Honeywell also will provide
repair and overhaul services of APUs on other existing aircraft.
Honeywell
International Inc.'s Honeywell Technology Solutions Inc. Wins $38 Million FAA
Contract
May 04, 2011
Honeywell
International Inc. announced that it has won a 5-year, $38 million contract
with the Federal Aviation Administration (FAA) to maintain security systems at
more than 1,000 locations in the agency's Air Traffic Organization (ATO) Air
Traffic Systems Branch. Honeywell Technology Solutions Inc. (HTSI), the
wholly-owned subsidiary of Honeywell which will execute the contract with the
FAA. HTSI will provide corrective maintenance for security systems at essential
FAA locations across the country, including air traffic control facilities and
national airspace navigation, surveillance and communication sites. The
Corrective Maintenance contract includes security equipment such as video
surveillance, physical access control equipment, intrusion detection and
barrier arms. In addition, the HTSI team will operate a logistics facility
using the HEARTS (Honeywell Enterprise Asset Resource Tracking System) solution
to optimize functionality and leverage the Honeywell Global Service Response
Center (GSRC) to provide service 24 hours a day, 365 days a year.
Samsung
Electronics Co., Ltd.'s And Samsung SDI Co., Ltd.'s Joint Venture, Samsung
Mobile Display Confirms Win Against Honeywell International Inc. In Patent
Infringement Case May 04, 2011
Samsung Mobile
Display (SMD) announced that District Court for the District of Delaware has
been upheld by the U.S. Court of Appeals for the Federal Circuit. SMD won the
final round in this seven year patent battle initiated by Honeywell in 2004.
The LCD patent-in-suit, U.S. Patent No. 5,280,371, involves polarizer
technology which enables a more vivid image by eliminating outside reflected
light. In November 2010, the U.S. Court of Appeals for the Federal Circuit
upheld Judge Joseph J. Farnan's district court decision invalidating the
Honeywell patent and, subsequently, denied Honeywell's request for a re-hearing
en banc (i.e., a re-hearing before all the judges on the Federal Circuit).
After Honeywell failed to timely petition the U.S. Supreme Court for further
review, the decision on the merits invalidating the patent was made final. The
litigation began in 2004 when Honeywell filed patent infringement claims in the
U.S. against 34 LCD manufacturers from around the world [and over 100 of their
customers. The 'customer' lawsuit was stayed pending resolution of the
'manufacturer' lawsuit]. Samsung Mobile Display Co., Ltd (SMD) was established
in January 2009 as a joint venture between Samsung Electronics Co., Ltd. and
Samsung SDI Co., Ltd.
Honeywell
International Inc. Launches New Ultra-Thin Fiber For High-Performance Fishing
Line May 03, 2011
Honeywell
International Inc. announced that it has introduced a new ultra-thin Spectra
fiber for high-performance fishing line, offering all the high strength and
stretch resistance of Spectra fiber in a slimmer profile that enables smoother
casting and better line sensitivity to fish bites. The new product, which is
25% thinner than previous Spectra fibers, will allow manufacturers to develop
new, high-performance fishing lines that offer serious anglers more capability
than lines made with thicker fibers. The thinner fiber will allow fishing line
manufacturers to braid more fibers into a single round line, resulting in a
product that glides more quietly and easily during casts, and helps anglers
improve their ability to detect fish on the line.
Honeywell
International Inc. Declares Quarterly Dividend Apr 25, 2011
Honeywell
International Inc. announced that the Board of Directors of declared a regular
quarterly dividend of $0.3325 per share on the company's outstanding common
stock. The dividend is payable on June 10, 2011 to shareowners of record at the
close of business on May 20, 2011.
Honeywell
International Inc. Raises FY 2011 Guidance; Issues Q2 2011 Guidance; Revenue
Guidance Above Analysts' Estimates-Conference Call Apr 21, 2011
Honeywell
International Inc. raised its fiscal 2011 sales guidance to be in the range of
$36-$36.6 billion. This excludes the impact of a potential discontinued
operations accounting treatment for CPG that the Company anticipate later in
the year and expects earnings per share (EPS) to be up $0.20 on the low end and
up $0.15 on the high end to the new range of $3.80 to $3.95 per share. For the
second quarter of 2011, it expects sales to be in the range of $9.1-$9.4
billion and EPS to be in the range of $0.94-$0.98. According to Reuters
Estimates, analysts were expecting the Company to report EPS of $3.84 on
revenues of $36.1 billion for fiscal 2011; EPS of $0.94 on revenues of $8.9
billion for the second quarter of 2011.
Honeywell International
Inc. Teams With The Boeing Company To Develop New System To Secure Airports,
Shopping Malls, Campuses, Industrial Facilities Apr 07, 2011
Honeywell
International Inc. announced that it is teaming with The Boeing Co. to create
an integrated security and building management platform to help improve safety
and operations at large facilities. The system provides a comprehensive view of
alarm-triggering events using three-dimensional high-definition models and
video surveillance, delivering real-time, detailed visual information so
security personnel can effectively deploy a more accurate response. The
solution will combine Honeywell's extensive security and building management
portfolios - including its range of security sensors, video surveillance,
access control, and intrusion-detection systems - to feed information into
Boeing's Visual Security Operations Console (VSOC). Used by the U.S. Department
of State and large commercial installations in markets like industrial
manufacturing, retail, entertainment and transportation, VSOC provides 3-D
views of facilities to help security personnel rapidly assess and respond to
incidents and, work more effectively with law enforcement to reduce criminal
activity. The integrated platform is expected to be commercially available in
the third quarter of 2011.
Honeywell
International Inc. To Build New Turbocharger Plant in Slovakia Mar 31, 2011
Honeywell
International Inc. announced that it will invest in a new turbocharger
manufacturing facility in Presov, Slovakia. The new plant will initially
produce turbochargers for light vehicle and light vehicle commercial vehicle
applications and is expected to be operational by 2012.
Honeywell
International Inc.'s UOP LLC Announces Selection To Provide Technology Mar 22,
2011
Honeywell
International Inc.'s UOP LLC announced that its technology has been selected by
Great Orient Chemical for a new petrochemicals complex in China that will
produce the key ingredient for biodegradable household laundry detergents.
Basic engineering of the unit, which will include the UOP Pacol, UOP DeFine and
UOP Detergent Alkylation processes, is under way, and the project is expected
to come on-stream in the second quarter of 2012.
Honeywell
International Inc. Receives $213 Million Contract To Expand Energy
Infrastructure At FDA Headquarters Mar 16, 2011
Honeywell
International Inc. announced $213 million contract with the U.S. General
Services Administration (GSA) to support the continued development of on-site
utilities and energy infrastructure at the Food and Drug Administration (FDA)
headquarters - the White Oak Federal Research Center in Silver Spring, Md. The
new 20-year agreement will be funded from the downstream energy and operational
savings the work produces. The centerpiece of the project is the construction
of a central utility plant that will meet the heating, cooling and energy
requirements of a 1.2-million-square-foot expansion for the FDA's Center for
Biological Evaluation and Research. Honeywell will integrate the new central
plant with the existing plant at White Oak, optimizing the efficient delivery
of utilities to the entire campus, and strengthening energy security by
reducing reliance on the traditional electrical grid. The new central plant
will include two 7.5 megawatt (MW) dual-fuel turbine generators, a 4.5 MW
natural gas turbine generator, two 2.25 MW diesel standby generators and a 5 MW
steam turbine generator. It will also include three 2,500-ton chillers and a
2-million gallon thermal energy storage tank, which can act as a backup for the
campus if municipal water services are temporarily lost. In total, the plant
will be capable of producing up to 250,000 MW-hours of electricity each year -
enough energy to power more than 23,000 homes.
Honeywell International
Inc.'s Envergent Technologies LLC Secures Contract From Premium Renewable
Energy (Malaysia) Sdn. Bhd Mar 10, 2011
Envergent
Technologies LLC, a Honeywell International Inc. company, announced that it has
been selected by Premium Renewable Energy (Malaysia) Sdn. Bhd. to perform the
engineering design for a project that will use Envergent's RTP Rapid Thermal
Processing technology to convert palm biomass to renewable heat and
electricity. The initial Premium RTP facility, to be initiated in late 2011 and
completed in early 2013, will be Malaysia's first plant to use RTP for the
production of a clean-burning liquid biofuel derived from biomass. The RTP
liquid fuels will be used to generate renewable electricity and heat. Premium
expects that the first facility will be followed by additional RTP units to be
built by 2020.
Honeywell
International Inc. Plans to Build EUR 38 Million Turbocharger Plant in
Slovakia-ADPnews Slovakia Mar 10, 2011
ADPnews Slovakia
reported that Honeywell International Inc. plans to build a EUR 38 million (USD
53 million) car-turbocharger factory in Presov, eastern Slovakia. The plant's
production is projected to rise from 300,000 turbochargers in 2011 to 1.5
million in 2015. The factory is expected to create 446 jobs by 2016. Earlier in
March 2011, Honeywell International Inc. set up a unit in Bratislava.
Honeywell
International Inc. Issues Q1 2011 Guidance Line With Analysts' Estimates;
Reaffirms FY 2011 Guidance Mar 08, 2011
Honeywell
International Inc. announced that for the first quarter of 2011, it expects
sales of approximately $8.7 billion and earnings per share (EPS) of
approximately $0.80. The Company also re-affirmed its fiscal 2011 earnings
guidance of $3.60-3.80 per share, excluding any mark-to-market pension adjustment,
and its sales guidance of $35.0-36.0 billion (excluding the impact of the
anticipated Discontinued Operations accounting treatment of CPG). According to
Reuters Estimates, analysts were expecting the Company to report revenues of
$8.6 billion, EPS of $0.81 for the first quarter of 2011; revenues of $36
billion for fiscal 2011.
Honeywell
International Inc. To Implement China's First Smart Grid Project For Managing
Energy Use In Buildings
Feb 28, 2011
Honeywell
International Inc. announced that it was selected to develop and implement
China's first smart grid pilot project and feasibility study for managing
energy use in commercial buildings, also known as demand-side management. The
project is part of a grant agreement signed between the U.S. Trade and
Development Agency (USTDA) and State Grid Electric Power Research Institute
(SGEPRI), sponsor of the project and a subsidiary of State Grid Corp. of China.
The pilot will center on Honeywell's smart grid technology and expertise,
including automated demand response, advanced energy management and
submetering. The Company will help connect State Grid and its customers to
manage energy supply and demand, automatically adjusting electricity
consumption and reducing strain on China's utility infrastructure.
Honeywell
International Inc. To Provide Maintenance Services To Jet Airways, SriLankan
Airlines-DJ Feb 16, 2011
Dow Jones reported
that Jet Airways (India) Ltd. and SriLankan Airlines Ltd. have both chosen
Honeywell International Inc. to provide maintenance services for their
aircraft. Honeywell will maintain the auxiliary power units fitted on Jet's
Boeing 737 Next Generation planes as well its Airbus A330s until 2018.
Honeywell
International Inc. Announces Public Offering of Senior Notes
Feb 14, 2011
Honeywell
International Inc. announced the commencement of the public offering of its
$800 million 4.250% Senior Notes due 2021 and its $600 million 5.375% Senior
Notes due 2041 (Notes). Honeywell intends to use the proceeds of the offering
to repay outstanding indebtedness, including the repurchase of up to $400
million of senior notes due 2012, to repay commercial paper, and for general
corporate purposes. The Notes will be senior unsecured and unsubordinated
obligations of Honeywell and will rank equally with all of Honeywell's existing
and future senior unsecured debt and senior to all of Honeywell's subordinated
debt. BofA Merrill Lynch, Barclays Capital, and Citi are acting as the joint
book-running managers for the public offering of the Notes.
Honeywell
International Inc. Helps Yonkers Housing Authority Improve Facilities And
Resident Comfort, Trim Utility Bills Feb 08, 2011
Honeywell
International Inc. announced an $18.8-million energy conservation and building
modernization program with the Municipal Housing Authority for the City of
Yonkers (MHACY) in New York. The stimulus-supported program will help the
housing authority improve its facilities, energy efficiency and resident
comfort while reducing emissions and saving an estimated $1.4 million in annual
utility costs. It will also create opportunities for local subcontractors,
giving the city's job market a boost. Backed by three 15-year performance
contracts with Honeywell, the program features a mix of conservation measures
and equipment upgrades - including a new geothermal heating, ventilation and
air-conditioning system - that will impact 19 developments and more than 2,000
apartments throughout Yonkers. The resulting savings, which are guaranteed by
Honeywell, will pay for most of the improvements. Honeywell will install the
geothermal system, which takes advantage of the natural heating and cooling of
the earth's surface, at the housing authority's John E. Flynn Manor. This
renewable energy technology will cool the facility in the summer by dispersing
heat into the ground and heat the facility in the winter by using the naturally
stored energy in the earth's crust. It will allow MHACY to replace an oil-fired
boiler that is 40 years old and inefficient.
Honeywell
International Inc. Receives Two Year Extension To Contract With CPS Energy Feb
01, 2011
Honeywell
International Inc. announced that it received a two-year extension to its
contract with CPS Energy, managing installation and support services for the
utility's Peak Saver demand response program. The program - available to
residential, multi-family, and small commercial customers in the San Antonio,
Texas, area - helps decrease electricity use when demand on the grid and
production costs are at their highest. In addition, participating homeowners
receive a Honeywell UtilityPRO touchscreen programmable thermostat, which can
cut day-to-day energy costs up to 10% or more. The contract builds on
Honeywell's expertise in demand response.
Honeywell
International Inc.'s UOP LLC And Saudi Arabia's King Fahd University Petroleum
& Minerals To Collaborate On Petrochemical Technology Development Feb 01,
2011
UOP LLC, a
Honeywell company announced that it will collaborate with the King Fahd
University of Petroleum and Minerals (KFUPM) in Dhahran, Saudi Arabia, for the
development of catalytic processes for petrochemicals production. Honeywell's
UOP and the KFUPM have signed a five-year agreement that will allow university
professors and researchers to collaborate with company scientists on catalyst
development and processes for aromatics production. Aromatics are a critical
raw material used in the production of petrochemicals such as plastics and
detergents. Sensata Technologies Holding
N.V. Completes Acquisition Of Honeywell International Inc.'s 'Automotive On
Board' Sensors Business
Jan 31, 2011
Sensata
Technologies Holding N.V. announced that various of its operating subsidiaries
closed the previously announced acquisition of Honeywell International Inc.'s
Automotive on Board sensors business on January 28, 2011. The Automotive on
Board products include cam and crankshaft, transmission, vane and turbo linear
position sensors as well as wheel speed sensors that are produced and sold
directly to automotive OEMs and tier 1 manufacturers around the world. The
Company will refer to this as the Magnetic Speed and Position product family,
or MSP, in all future communications.
Honeywell
International Inc. Raises FY 2011 EPS Guidance; Reaffirms FY 2011 Revenue
Guidance; Announces Sale of Consumer Products Group Business Jan 28, 2011
Honeywell
International Inc. raised its fiscal 2011 earnings guidance to a range of
$3.60-$3.80 per share (EPS), up from $3.50-3.70 per share, excluding any
mark-to-market pension adjustment. The Company also reaffirmed its fiscal 2011
sales guidance of $35.0-$36.0 billion (excluding the impact of the anticipated
Discontinued Operations accounting treatment of CPG). According to Reuters
Estimates, analysts were expecting the Company to report revenues of $36
billion and EPS of $3.76 for fiscal 2011. The Company also announced the sale
of its Consumer Products Group (CPG) business to Rank Group, a private
investment company, in a cash transaction valued at approximately $950 million.
Honeywell
International Inc. And Haier Sign Memorandum of Understanding For Global
Strategic Cooperation Jan 21, 2011
Honeywell
International Inc. and Haier Group announced the signing of a memorandum of
understanding (MOU) for global strategic cooperation to collaborate on the
development and promotion of low-emission, high energy-efficiency products and
solutions. The MOU was signed during the U.S.- China Trade and Economic
Cooperation Forum, contributing to the bilateral economic and trade results of
President Hu Jintao State visit to the U.S. Under terms of the MOU, Honeywell
and Haier will work collaboratively on new technology that will make household
appliances, intelligent home systems, residential heating, building automation,
and mass transit more efficient and cleaner. The companies also plan to jointly
develop air conditioners, refrigerators and solar-power water heater solutions
based on Honeywell's low-global-warming-potential refrigerants and blowing
agents.
Honeywell
International Inc. Grows Spectra Shield Portfolio With New Ballistic Materials Jan
18, 2011
Honeywell
International Inc. announced that it has added new ballistic materials to its
Spectra Shield II line that offer further weight reduction, greater ballistic
performance, and improved safety in soft armor applications, including military
and law enforcement vests. The new product, Spectra Shield II SA 4144, offers a
25% improvement in ballistic performance compared with the first generation of
Spectra Shield products, helping keep military and law enforcement personnel safer
against a variety of threats, including military-grade pistol rounds and
fragments. The material can also reduce the weight of personal armor systems by
as much as 30%, allowing frontline personnel greater mobility in dangerous
situations.
Honeywell
International Inc. Issues FY 2011 Outlook; EPS Outlook Below Analysts'
Estimates; Reiterates FY 2010 Outlook Dec 15, 2010
Honeywell
International Inc. announced that for fiscal 2011, it expects sales of $35-$36
billion, up 6 to 9% versus 2010, and earnings per share (EPS) of $3.50-$3.70 up
17 to 24% compared to fiscal 2010 proforma earnings. The Company also
reaffirmed its fiscal 2010 guidance of approximately $33 billion in sales, EPS
of $2.98. Earnings per share estimates for fiscal 2010 and fiscal 2011 include
ongoing pension expense and exclude the estimated mark-to-market adjustment in
fiscal 2010. According to Reuters Estimates, analysts were expecting the
Company to report revenues of $36 billion and EPS of $3.82 for fiscal 2011;
revenues of $33 billion for fiscal 2010.
Honeywell
International Inc. To Increase Dividend By 10% Dec 10, 2010
Honeywell
International Inc. announced that its Board of Directors has approved a 10%
increase, or $0.12 per common share, in the Company's regular annual cash dividend
rate to $1.33 from $1.21 per common share, effective with the first quarter
2011 dividend payment. The actual declaration of any future dividends and the
establishment of the record dates related thereto remains subject to further
action by Honeywell's Board.
Honeywell
International Inc. Receives USD100 Million Retrofit Package To Provide Avionics
And Fuel-Efficient Auxiliary Power Unit To Vietnam Airlines Nov 16, 2010
Honeywell
International Inc. (Honeywell) announced that Vietnam Airlines has awarded a
USD100 million avionics and auxiliary power unit (APU) contract to Honeywell
for its fleet of 36 new and 22 existing Airbus A321 aircraft. Honeywell also
will work with the airline to help establish an in-house APU repair and
overhaul capability. Honeywell's avionics for Vietnam Airlines include the
Flight Management System (FMS), Multifunction Control Display Unit, the
industry's first Enhanced Ground Proximity Warning System (EGPWS), Air Data
Inertial Reference Unit (ADIRU), and Air Data Module (ADM). The Honeywell
avionics solutions selected by Vietnam Airlines will provide critical real-
time information to the pilots to help keep the aircraft on course, clear of
terrain, and optimize the navigation and routing.
Honeywell
International Inc. Issues Q4, FY 2010 EPS Guidance; Reaffirms FY 2010 Revenue
Guidance Nov 16, 2010
Honeywell
International Inc. announced the adoption of the new pension accounting policy
impacts Honeywell's financial guidance for the fourth quarter of 2010 and full
year. For fourth quarter of 2010, it expects earnings per share (EPS) including
the mark-to-market accounting adjustment to be a loss of approximately $0.25
per share on a reported basis versus the company's prior estimate of
approximately $0.78 per share. For fiscal 2010, EPS are now expected to be
approximately $1.86 per share including both elements of pension expense under
MTM accounting, versus the prior estimate of approximately $2.52. The Company's
EPS estimate includes an anticipated fourth quarter mark-to-market accounting
adjustment of $1.12 per share. Excluding the impact of the accounting change
announced today, the revised guidance for both the full year and fourth quarter
of 2010 is the same as the company's prior earnings estimates. Fiscal 2010 guidance
for sales of approximately $33 billion is unchanged. According to Reuters
Estimates, analysts on an average are expecting the Company to report revenue
of $33 billion for fiscal 2010
Honeywell
International Inc.'s UOP Technology Selected By Petrobras For Two New
Refineries To Expand Diesel Production Nov 10, 2010
UOP LLC, a
Honeywell International Inc. company, announced that Petroleo Brasileiro S.A.
(Petrobras) has selected UOP to provide all of the process technologies for two
new maximum diesel refineries to be built in Brazil. UOP hydrocracking and
hydrotreating technologies will be used to produce high-quality diesel fuel
from Brazilian national crude oils at two new refineries. Petrobras plans to
construct a two-train 600,000 barrel per day (bpd) facility in Maranhao,
Brazil, to be known as Premium I, and a single-train 300,000 bpd facility in
Ceara, Brazil, to be known as Premium II. Basic engineering for the refineries
is currently under way. Commissioning of the first train at the Premium I facility
is planned in 2014 and the Premium II facility in 2017.
Honeywell
International Inc. Declares Quarterly Dividend Oct 29, 2010
Honeywell
International Inc. announced that it has declared a regular quarterly dividend
of $0.3025 per share on the Company's outstanding common stock. The dividend is
payable on December 10, 2010 to shareowners of record at the close of business
on November 19, 2010.
High North
BioResources Ltd Selects Honeywell International Inc.'s Envergent Technologies
LLC For Renewable Energy Project Oct 28, 2010
Envergent
Technologies LLC, a Honeywell company, announced that it has been selected by
High North BioResources Ltd. Partnership to perform detailed engineering for a
project to convert wood residuals to renewable heat and electricity.
Sensata
Technologies Holding N.V. Announces Agreement To Acquire Honeywell's Automotive
On Board Sensors Business
Oct 28, 2010
Sensata
Technologies Holding N.V. announced that it has reached a definitive agreement
to acquire the Automotive on Board sensors business of Honeywell International
for $140 million in cash. Sensata expects to fund the purchase from available
cash resources and anticipates that this transaction will be neutral to 2010
earnings, excluding transaction costs in the range of $3-4 million that will be
incurred in quarter four 2010. The transaction is expected to close in early
2011. It is expected that the acquisition will contribute to both revenue and
Adjusted Net Income growth in 2011 and beyond. The Automotive on Board sensors
business has annual sales of approximately $130 million.
Honeywell
International Inc. Wins $34 Million Contract Extension From U.S. Navy Oct 25,
2010
Honeywell
International Inc. announced t it has been awarded a one-year contract
extension valued at $34 million with the U.S. Navy for Performance-Based
Logistics (PBL) supply support for auxiliary power units (APUs). The contract
is an extension of Naval Aviation's first major successful PBL that included a
public-private partnership (PPP), and is a model program for PBL and PPP.
Honeywell will provide PBL support for the F/A-18, P-3 and C-2 aircraft. PBL
encompasses provisioning stock, repair, store and ship ready for issues (RFI)
equipment directly to users upon demand, while meeting and maintaining
performance requirements for availability and reliability.
Honeywell
International Inc. Wins Largest Share of U.S. Army's Integrated Logistics
Support Service Program Oct 25, 2010
Honeywell
International Inc. announced that The U.S. Army Sustainment Command has awarded
Honeywell, logistics contracts worth more than $230 million to manage global
inventory, maintenance and operations for three Army Field Support Brigades.
Honeywell
International Inc. Raises FY 2010 Guidance Oct 22, 2010
Honeywell International
Inc. announced that for fiscal 2010, it now expect sales of approximately $33.0
billion and earnings per share (EPS) approximately to be $2.52 on a reported
basis ($3.26, excluding non-cash pension expense), both now above the high end
of the previous guidance range. According to Reuters Estimates, analysts on an
average are expecting the Company to report revenue of $32.8 billion and EPS of
$2.53 for fiscal 2010.
Press clippings
Honeywell International Inc Files Patent
Application for Method for Producing Fluorinated Olefins
Indian Patent News
19 October 2011
[What follows is the full text of the article.]
New Delhi, Oct. 19
-- USA based Honeywell International Inc filed patent application for method
for producing fluorinated olefins. The inventors are Steven Phillips, Kim
Fleming, Rajesh Dubey, Cheryl Bortz and Sudip Mukhopadhyay.
Honeywell
International Inc filed the patent application on Feb. 18, 2008. The patent
application number is 1109/DELNP/2010 A. The international classification
number is C07C 21/18.
According to the
Controller General of Patents, Designs & Trade Marks, "A method for
producing fluorinated organic compounds, including hydrofluoropropenes, which
preferably com-prises converting at least one compound of formula (I): to at
least one compound of formula (II): where X1 is C1, Br or I, each X2 is
independently selected from the group consisting of H, C1, F, Br or I, and n is
0, 1, or 2."
About the Company
Honeywell
International, Inc. (NYSE: HON) is a conglomerate company that produces a
variety of consumer products, engineering services, and aerospace systems for a
wide variety of customers, from private consumers to major corporations and
governments. The current "Honeywell International Inc." is the product
of a merger in which Honeywell Inc. was acquired by the much larger
AlliedSignal in 1999.
UNITED STATES : Honeywell set to enlarge
operations, generate new employments
TendersInfo News
18 October 2011
[What follows is the full text of the article.]
Honeywell is
enlarging its Greenville County business to generate 30 new recruitments in the
coming five years.
Gov. Nikki Haley
revealed that Honeywell International Inc. was spending $25 million in its
Greer centre. Officials stated that the firm will set up better systems at the
plant for consuming less power, and such systems will also repair and enhance
propulsion engines for aerospace clients.
Officials stated
that the enlargement is anticipated to be completed in 2016.
Honeywell produces
aircraft systems, specialty chemicals and other items. Its security items unit
produces a host of safeguarding and security gloves for fire service, utility
and general industrial staff.
In 2009, the firm
stated that it would enlarge a centre in Clover, generating 80 new recruitments
in five years.
Eastern Illinois University and Honeywell Unveil
New Renewable Energy Center
Manufacturing Close-Up
16 October 2011
[What follows is the full text of the article.]
Eastern Illinois
University and Honeywell have unveiled the school's Renewable Energy Center, a
biomass installation, as part of a grand opening ceremony held on campus for
students, faculty and the Charleston community.
According to a
release, the Renewable Energy Center is a 19,000-square-foot steam plant that will
provide heat for buildings and classrooms across the university grounds. It is
driven by two large biomass gasifiers that use wood chips from forest residue
for fuel. By switching to a renewable energy source, Eastern Illinois
University will reduce annual carbon dioxide emissions by an estimated 20,000
metric tons, which is equivalent to removing more than 3,600 cars from the
road, according to figures from the U.S. Environmental Protection Agency.
Officials noted
that the product of collaboration between Eastern Illinois and Honeywell, the
program is expected to cut energy use on campus in half and carbon dioxide
emissions by 80 percent. The facility will more than pay for itself through the
projected $140 million in energy savings over the next two decades.
"This
facility is a symbol of Eastern Illinois University's commitment to our campus
and environment, and demonstrates our willingness to take a progressive step
toward sustainability," said Bill Perry, president of Eastern Illinois
University. "Operating our campus with a renewable resource allows us to
show that cleaner energy options are both practical and fiscally responsible.
This will not only impact our operations, but permeate into our curriculum as
well."
To heat the
campus, a material-handling system at the plant delivers wood chips to the
biomass gasifiers where they are broken down in a heated, oxygen-deprived
chamber, creating a synthetic gas that burns similar to natural gas. The gas is
then used to fire high-efficiency boilers, which results in more complete
combustion and lower emissions, and gives the university a carbon-neutral
solution for heating its facilities.
The gasifiers will
consume an estimated 27,000 tons of wood per year, replacing the more than
10,000 tons of coal burned annually by EIU's existing plant, which will be
decommissioned and repurposed for other university needs.
The REC also
features a back-pressure turbine that is powered by superheated steam from one
of the boilers to generate electricity, as well as two ground-mounted solar
arrays. The turbine and arrays will provide other sources of renewable energy
for the university and generate almost 3 million kilowatt-hours of electricity
per year.
"EIU is now
one of the leading examples of what's possible when an organization takes a
long-term, strategic approach to energy and the environment," said Paul
Orzeske, president of Honeywell Building Solutions. "We worked closely
with the university to define its needs as an institution and tailor a program to
help meet its goals. This is innovation with a clear purpose in mind, and the
entire campus and community benefits as a result."
Honeywell
International is a diversified technology and manufacturing company, serving
customers worldwide with aerospace products and services; control technologies
for buildings, homes and industry; automotive products; turbochargers; and
specialty materials.
Annual
Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Restated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
33,370.0 |
30,908.0 |
36,556.0 |
34,589.0 |
31,367.0 |
|
Revenue |
33,370.0 |
30,908.0 |
36,556.0 |
34,589.0 |
31,367.0 |
|
Total Revenue |
33,370.0 |
30,908.0 |
36,556.0 |
34,589.0 |
31,367.0 |
|
|
|
|
|
|
|
|
Cost of Revenue |
25,519.0 |
24,012.0 |
31,118.0 |
26,300.0 |
23,624.0 |
|
Cost of Revenue, Total |
25,519.0 |
24,012.0 |
31,118.0 |
26,300.0 |
23,624.0 |
|
Gross Profit |
7,851.0 |
6,896.0 |
5,438.0 |
8,289.0 |
7,743.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
4,717.0 |
4,443.0 |
5,130.0 |
4,565.0 |
4,199.0 |
|
Total Selling/General/Administrative Expenses |
4,717.0 |
4,443.0 |
5,130.0 |
4,565.0 |
4,199.0 |
|
Interest Expense -
Operating |
402.0 |
474.0 |
482.0 |
478.0 |
4.0 |
|
Interest Capitalized -
Operating |
-16.0 |
-15.0 |
-26.0 |
-22.0 |
-22.0 |
|
Interest Expense - Net Operating |
386.0 |
459.0 |
456.0 |
456.0 |
-18.0 |
|
Interest Income -
Operating |
-40.0 |
-33.0 |
-102.0 |
-81.0 |
-94.0 |
|
Investment Income -
Operating |
-16.0 |
19.0 |
-11.0 |
24.0 |
5.0 |
|
Interest/Investment Income - Operating |
-56.0 |
-14.0 |
-113.0 |
-57.0 |
-89.0 |
|
Interest Expense (Income) - Net Operating Total |
330.0 |
445.0 |
343.0 |
399.0 |
-107.0 |
|
Litigation |
- |
- |
- |
- |
126.0 |
|
Impairment-Assets Held for Use |
- |
- |
- |
- |
27.0 |
|
Loss (Gain) on Sale of Assets - Operating |
0.0 |
-87.0 |
-635.0 |
-19.0 |
-30.0 |
|
Other Unusual Expense (Income) |
- |
- |
- |
- |
330.0 |
|
Unusual Expense (Income) |
0.0 |
-87.0 |
-635.0 |
-19.0 |
453.0 |
|
Other, Net |
-39.0 |
46.0 |
0.0 |
7.0 |
8.0 |
|
Other Operating Expenses, Total |
-39.0 |
46.0 |
0.0 |
7.0 |
8.0 |
|
Total Operating Expense |
30,527.0 |
28,859.0 |
35,956.0 |
31,252.0 |
28,177.0 |
|
|
|
|
|
|
|
|
Operating Income |
2,843.0 |
2,049.0 |
600.0 |
3,337.0 |
3,190.0 |
|
|
|
|
|
|
|
|
Income Before Tax |
2,843.0 |
2,049.0 |
600.0 |
3,337.0 |
3,190.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Income After Tax |
2,035.0 |
1,584.0 |
826.0 |
2,460.0 |
2,470.0 |
|
|
|
|
|
|
|
|
Minority Interest |
-13.0 |
-36.0 |
-20.0 |
-16.0 |
- |
|
Net Income Before Extraord Items |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,470.0 |
|
Accounting Change |
- |
- |
- |
- |
0.0 |
|
Discontinued Operations |
- |
- |
- |
- |
5.0 |
|
Total Extraord Items |
- |
- |
- |
- |
5.0 |
|
Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,470.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
773.5 |
752.6 |
736.8 |
764.5 |
820.8 |
|
Basic EPS Excl Extraord Items |
2.61 |
2.06 |
1.09 |
3.20 |
3.01 |
|
Basic/Primary EPS Incl Extraord Items |
2.61 |
2.06 |
1.09 |
3.20 |
3.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
Diluted Weighted Average Shares |
780.9 |
755.7 |
743.6 |
774.2 |
826.3 |
|
Diluted EPS Excl Extraord Items |
2.59 |
2.05 |
1.08 |
3.16 |
2.99 |
|
Diluted EPS Incl Extraord Items |
2.59 |
2.05 |
1.08 |
3.16 |
3.00 |
|
Dividends per Share - Common Stock Primary Issue |
1.21 |
1.21 |
1.10 |
1.00 |
0.91 |
|
Gross Dividends - Common Stock |
948.0 |
916.0 |
815.0 |
767.0 |
750.0 |
|
Interest Expense, Supplemental |
386.0 |
459.0 |
456.0 |
456.0 |
374.0 |
|
Interest Capitalized, Supplemental |
-16.0 |
-15.0 |
-26.0 |
-22.0 |
-22.0 |
|
Depreciation, Supplemental |
724.0 |
707.0 |
702.0 |
675.0 |
650.0 |
|
Total Special Items |
600.0 |
391.0 |
377.0 |
524.0 |
453.0 |
|
Normalized Income Before Tax |
3,443.0 |
2,440.0 |
977.0 |
3,861.0 |
3,643.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
170.5 |
88.7 |
132.0 |
137.7 |
102.2 |
|
Inc Tax Ex Impact of Sp Items |
978.5 |
553.7 |
-94.1 |
1,014.7 |
822.2 |
|
Normalized Income After Tax |
2,464.5 |
1,886.3 |
1,071.1 |
2,846.3 |
2,820.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2,451.5 |
1,850.3 |
1,051.1 |
2,830.3 |
2,820.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.17 |
2.46 |
1.43 |
3.70 |
3.44 |
|
Diluted Normalized EPS |
3.14 |
2.45 |
1.41 |
3.66 |
3.41 |
|
Amort of Intangibles, Supplemental |
263.0 |
250.0 |
201.0 |
162.0 |
144.0 |
|
Rental Expenses |
373.0 |
371.0 |
383.0 |
365.0 |
341.0 |
|
Research & Development Exp, Supplemental |
1,466.0 |
1,330.0 |
1,543.0 |
1,459.0 |
1,411.0 |
|
Normalized EBIT |
3,773.0 |
2,885.0 |
1,320.0 |
4,260.0 |
3,536.0 |
|
Normalized EBITDA |
4,760.0 |
3,842.0 |
2,223.0 |
5,097.0 |
4,330.0 |
|
Current Tax - Domestic |
-471.0 |
-27.0 |
493.0 |
249.0 |
-39.0 |
|
Current Tax - Foreign |
393.0 |
424.0 |
331.0 |
232.0 |
283.0 |
|
Current Tax - Local |
8.0 |
21.0 |
70.0 |
64.0 |
26.0 |
|
Current Tax - Total |
-70.0 |
418.0 |
894.0 |
545.0 |
270.0 |
|
Deferred Tax - Domestic |
784.0 |
283.0 |
-939.0 |
225.0 |
376.0 |
|
Deferred Tax - Foreign |
22.0 |
-253.0 |
-36.0 |
103.0 |
25.0 |
|
Deferred Tax - Local |
72.0 |
17.0 |
-145.0 |
4.0 |
49.0 |
|
Deferred Tax - Total |
878.0 |
47.0 |
-1,120.0 |
332.0 |
450.0 |
|
Income Tax - Total |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Domestic Tax |
393.0 |
294.0 |
-521.0 |
542.0 |
412.0 |
|
Foreign Tax |
415.0 |
171.0 |
295.0 |
335.0 |
308.0 |
|
Income Tax by Region - Total |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Interest Cost - Domestic |
768.0 |
785.0 |
765.0 |
960.0 |
908.0 |
|
Service Cost - Domestic |
221.0 |
183.0 |
198.0 |
264.0 |
274.0 |
|
Prior Service Cost - Domestic |
32.0 |
26.0 |
30.0 |
26.0 |
27.0 |
|
Expected Return on Assets - Domestic |
-902.0 |
-767.0 |
-1,140.0 |
-1,347.0 |
-1,251.0 |
|
Actuarial Gains and Losses - Domestic |
182.0 |
447.0 |
3,192.0 |
210.0 |
348.0 |
|
Curtailments & Settlements - Domestic |
0.0 |
0.0 |
0.0 |
35.0 |
-13.0 |
|
Transition Costs - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Domestic Pension Plan Expense |
301.0 |
674.0 |
3,045.0 |
148.0 |
293.0 |
|
Interest Cost - Foreign |
228.0 |
208.0 |
244.0 |
- |
- |
|
Service Cost - Foreign |
51.0 |
41.0 |
57.0 |
- |
- |
|
Prior Service Cost - Foreign |
-1.0 |
-1.0 |
-1.0 |
- |
- |
|
Expected Return on Assets - Foreign |
-248.0 |
-221.0 |
-301.0 |
- |
- |
|
Actuarial Gains and Losses - Foreign |
289.0 |
308.0 |
112.0 |
- |
- |
|
Curtailments & Settlements - Foreign |
4.0 |
0.0 |
18.0 |
- |
- |
|
Transition Costs - Foreign |
1.0 |
1.0 |
1.0 |
- |
- |
|
Foreign Pension Plan Expense |
324.0 |
336.0 |
130.0 |
- |
- |
|
Interest Cost - Post-Retirement |
81.0 |
104.0 |
122.0 |
128.0 |
122.0 |
|
Service Cost - Post-Retirement |
2.0 |
6.0 |
13.0 |
15.0 |
17.0 |
|
Prior Service Cost - Post-Retirement |
-44.0 |
-44.0 |
-43.0 |
-37.0 |
-40.0 |
|
Actuarial Gains and Losses - Post-Retir. |
34.0 |
13.0 |
33.0 |
46.0 |
52.0 |
|
Curtailments & Settlements - Post-Retir. |
-47.0 |
-98.0 |
0.0 |
0.0 |
- |
|
Post-Retirement Plan Expense |
26.0 |
-19.0 |
125.0 |
152.0 |
151.0 |
|
Defined Contribution Expense - Domestic |
105.0 |
158.0 |
220.0 |
199.0 |
179.0 |
|
Total Pension Expense |
756.0 |
1,149.0 |
3,520.0 |
499.0 |
623.0 |
|
Discount Rate - Domestic |
5.75% |
6.95% |
6.50% |
6.00% |
5.75% |
|
Discount Rate - Foreign |
5.71% |
6.21% |
5.68% |
- |
- |
|
Discount Rate - Post-Retirement |
5.25% |
6.00% |
5.90% |
5.70% |
5.50% |
|
Expected Rate of Return - Domestic |
9.00% |
9.00% |
9.00% |
9.00% |
9.00% |
|
Expected Rate of Return - Foreign |
7.51% |
7.52% |
7.65% |
- |
- |
|
Compensation Rate - Domestic |
4.50% |
4.50% |
4.50% |
4.00% |
4.00% |
|
Compensation Rate - Foreign |
3.87% |
3.33% |
3.84% |
- |
- |
|
Total Plan Interest Cost |
1,077.0 |
1,097.0 |
1,131.0 |
1,088.0 |
1,030.0 |
|
Total Plan Service Cost |
274.0 |
230.0 |
268.0 |
279.0 |
291.0 |
|
Total Plan Expected Return |
-1,150.0 |
-988.0 |
-1,441.0 |
-1,347.0 |
-1,251.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2,650.0 |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
|
Short Term Investments |
458.0 |
381.0 |
299.0 |
367.0 |
470.0 |
|
Cash and Short Term Investments |
3,108.0 |
3,182.0 |
2,364.0 |
2,196.0 |
1,694.0 |
|
Accounts Receivable -
Trade, Gross |
6,698.0 |
6,183.0 |
5,893.0 |
6,070.0 |
5,373.0 |
|
Provision for Doubtful
Accounts |
-277.0 |
-235.0 |
-186.0 |
-181.0 |
-217.0 |
|
Trade Accounts Receivable - Net |
6,421.0 |
5,948.0 |
5,707.0 |
5,889.0 |
5,156.0 |
|
Other Receivables |
647.0 |
326.0 |
422.0 |
498.0 |
584.0 |
|
Total Receivables, Net |
7,068.0 |
6,274.0 |
6,129.0 |
6,387.0 |
5,740.0 |
|
Inventories - Finished Goods |
2,144.0 |
1,823.0 |
1,415.0 |
1,501.0 |
1,342.0 |
|
Inventories - Work In Progress |
810.0 |
796.0 |
952.0 |
870.0 |
808.0 |
|
Inventories - Raw Materials |
1,158.0 |
988.0 |
1,644.0 |
1,692.0 |
1,625.0 |
|
Inventories - Other |
-154.0 |
-161.0 |
-163.0 |
-202.0 |
-187.0 |
|
Total Inventory |
3,958.0 |
3,446.0 |
3,848.0 |
3,861.0 |
3,588.0 |
|
Deferred Income Tax - Current Asset |
877.0 |
1,034.0 |
922.0 |
1,241.0 |
1,215.0 |
|
Other Current Assets |
- |
- |
- |
- |
67.0 |
|
Other Current Assets, Total |
877.0 |
1,034.0 |
922.0 |
1,241.0 |
1,282.0 |
|
Total Current Assets |
15,011.0 |
13,936.0 |
13,263.0 |
13,685.0 |
12,304.0 |
|
|
|
|
|
|
|
|
Buildings |
3,194.0 |
3,134.0 |
2,904.0 |
2,653.0 |
2,464.0 |
|
Machinery/Equipment |
10,204.0 |
9,982.0 |
10,075.0 |
10,243.0 |
9,888.0 |
|
Construction in
Progress |
403.0 |
405.0 |
407.0 |
466.0 |
447.0 |
|
Property/Plant/Equipment - Gross |
13,801.0 |
13,521.0 |
13,386.0 |
13,362.0 |
12,799.0 |
|
Accumulated Depreciation |
-8,961.0 |
-8,674.0 |
-8,452.0 |
-8,377.0 |
-8,002.0 |
|
Property/Plant/Equipment - Net |
4,840.0 |
4,847.0 |
4,934.0 |
4,985.0 |
4,797.0 |
|
Goodwill, Net |
11,597.0 |
10,494.0 |
10,185.0 |
9,175.0 |
8,403.0 |
|
Intangibles - Gross |
4,137.0 |
3,519.0 |
3,348.0 |
2,404.0 |
1,983.0 |
|
Accumulated Intangible Amortization |
-1,563.0 |
-1,345.0 |
-1,081.0 |
-906.0 |
-736.0 |
|
Intangibles, Net |
2,574.0 |
2,174.0 |
2,267.0 |
1,498.0 |
1,247.0 |
|
LT Investments - Other |
413.0 |
262.0 |
670.0 |
500.0 |
382.0 |
|
Long Term Investments |
413.0 |
262.0 |
670.0 |
500.0 |
382.0 |
|
Note Receivable - Long Term |
203.0 |
317.0 |
- |
- |
- |
|
Pension Benefits - Overfunded |
- |
- |
62.0 |
1,256.0 |
695.0 |
|
Deferred Income Tax - Long Term Asset |
1,218.0 |
2,006.0 |
2,135.0 |
637.0 |
1,075.0 |
|
Other Long Term Assets |
1,978.0 |
1,957.0 |
1,974.0 |
2,069.0 |
2,038.0 |
|
Other Long Term Assets, Total |
3,196.0 |
3,963.0 |
4,171.0 |
3,962.0 |
3,808.0 |
|
Total Assets |
37,834.0 |
35,993.0 |
35,490.0 |
33,805.0 |
30,941.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
4,344.0 |
3,633.0 |
3,773.0 |
3,962.0 |
3,518.0 |
|
Accrued Expenses |
4,315.0 |
4,266.0 |
4,391.0 |
4,162.0 |
2,770.0 |
|
Notes Payable/Short Term Debt |
366.0 |
343.0 |
1,487.0 |
1,820.0 |
731.0 |
|
Current Portion - Long Term Debt/Capital Leases |
523.0 |
1,018.0 |
1,023.0 |
418.0 |
423.0 |
|
Customer Advances |
1,703.0 |
1,432.0 |
1,159.0 |
1,259.0 |
1,067.0 |
|
Income Taxes Payable |
466.0 |
455.0 |
456.0 |
320.0 |
418.0 |
|
Other Current Liabilities |
- |
- |
- |
- |
1,208.0 |
|
Other Current liabilities, Total |
2,169.0 |
1,887.0 |
1,615.0 |
1,579.0 |
2,693.0 |
|
Total Current Liabilities |
11,717.0 |
11,147.0 |
12,289.0 |
11,941.0 |
10,135.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
5,755.0 |
6,246.0 |
5,865.0 |
5,419.0 |
3,909.0 |
|
Total Long Term Debt |
5,755.0 |
6,246.0 |
5,865.0 |
5,419.0 |
3,909.0 |
|
Total Debt |
6,644.0 |
7,607.0 |
8,375.0 |
7,657.0 |
5,063.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
636.0 |
542.0 |
698.0 |
734.0 |
352.0 |
|
Deferred Income Tax |
636.0 |
542.0 |
698.0 |
734.0 |
352.0 |
|
Minority Interest |
121.0 |
110.0 |
82.0 |
- |
- |
|
Reserves |
86.0 |
85.0 |
90.0 |
93.0 |
92.0 |
|
Pension Benefits - Underfunded |
5,693.0 |
6,408.0 |
6,106.0 |
3,561.0 |
3,838.0 |
|
Other Long Term Liabilities |
3,160.0 |
2,594.0 |
3,173.0 |
2,835.0 |
2,895.0 |
|
Other Liabilities, Total |
8,939.0 |
9,087.0 |
9,369.0 |
6,489.0 |
6,825.0 |
|
Total Liabilities |
27,168.0 |
27,132.0 |
28,303.0 |
24,583.0 |
21,221.0 |
|
|
|
|
|
|
|
|
Common Stock |
958.0 |
958.0 |
958.0 |
958.0 |
958.0 |
|
Common Stock |
958.0 |
958.0 |
958.0 |
958.0 |
958.0 |
|
Additional Paid-In Capital |
3,977.0 |
3,823.0 |
3,994.0 |
4,014.0 |
3,845.0 |
|
Retained Earnings (Accumulated Deficit) |
15,097.0 |
14,023.0 |
16,250.0 |
14,273.0 |
12,563.0 |
|
Treasury Stock - Common |
-8,299.0 |
-8,995.0 |
-10,206.0 |
-9,479.0 |
-6,339.0 |
|
Other Comprehensive Income |
-1,067.0 |
-948.0 |
-3,809.0 |
-544.0 |
-1,307.0 |
|
Other Equity, Total |
-1,067.0 |
-948.0 |
-3,809.0 |
-544.0 |
-1,307.0 |
|
Total Equity |
10,666.0 |
8,861.0 |
7,187.0 |
9,222.0 |
9,720.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
37,834.0 |
35,993.0 |
35,490.0 |
33,805.0 |
30,941.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
783.0 |
764.2 |
734.6 |
746.6 |
800.6 |
|
Total Common Shares Outstanding |
783.0 |
764.2 |
734.6 |
746.6 |
800.6 |
|
Treasury Shares - Common Stock Primary Issue |
174.6 |
193.4 |
223.0 |
211.0 |
157.0 |
|
Employees |
130,000 |
122,000 |
128,000 |
122,000 |
118,000 |
|
Number of Common Shareholders |
61,830 |
64,617 |
66,634 |
69,767 |
74,473 |
|
Accumulated Intangible Amort, Suppl. |
1,563.0 |
1,345.0 |
1,081.0 |
906.0 |
736.0 |
|
Deferred Revenue - Current |
1,703.0 |
1,432.0 |
1,159.0 |
1,259.0 |
1,067.0 |
|
Deferred Revenue - Long Term |
94.0 |
106.0 |
120.0 |
69.0 |
56.0 |
|
Total Long Term Debt, Supplemental |
6,278.0 |
7,264.0 |
6,888.0 |
5,837.0 |
4,332.0 |
|
Long Term Debt Maturing within 1 Year |
523.0 |
1,018.0 |
1,023.0 |
418.0 |
423.0 |
|
Long Term Debt Maturing in Year 2 |
412.0 |
520.0 |
1,106.0 |
1,024.0 |
416.0 |
|
Long Term Debt Maturing in Year 3 |
610.0 |
406.0 |
536.0 |
1,121.0 |
511.0 |
|
Long Term Debt Maturing in Year 4 |
607.0 |
605.0 |
401.0 |
533.0 |
1,130.0 |
|
Long Term Debt Maturing in Year 5 |
1.0 |
606.0 |
605.0 |
401.0 |
526.0 |
|
Long Term Debt Maturing in 2-3 Years |
1,022.0 |
926.0 |
1,642.0 |
2,145.0 |
927.0 |
|
Long Term Debt Maturing in 4-5 Years |
608.0 |
1,211.0 |
1,006.0 |
934.0 |
1,656.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
4,125.0 |
4,109.0 |
3,217.0 |
2,340.0 |
1,326.0 |
|
Total Operating Leases, Supplemental |
1,353.0 |
1,213.0 |
1,292.0 |
1,185.0 |
1,078.0 |
|
Operating Lease Payments Due in Year 1 |
318.0 |
313.0 |
323.0 |
327.0 |
304.0 |
|
Operating Lease Payments Due in Year 2 |
245.0 |
245.0 |
243.0 |
233.0 |
222.0 |
|
Operating Lease Payments Due in Year 3 |
192.0 |
174.0 |
184.0 |
164.0 |
155.0 |
|
Operating Lease Payments Due in Year 4 |
145.0 |
125.0 |
127.0 |
120.0 |
100.0 |
|
Operating Lease Payments Due in Year 5 |
121.0 |
100.0 |
101.0 |
77.0 |
74.0 |
|
Operating Lease Pymts. Due in 2-3 Years |
437.0 |
419.0 |
427.0 |
397.0 |
377.0 |
|
Operating Lease Pymts. Due in 4-5 Years |
266.0 |
225.0 |
228.0 |
197.0 |
174.0 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
332.0 |
256.0 |
314.0 |
264.0 |
223.0 |
|
Pension Obligation - Domestic |
14,990.0 |
13,620.0 |
15,046.0 |
16,770.0 |
17,008.0 |
|
Pension Obligation - Foreign |
4,373.0 |
4,266.0 |
- |
- |
- |
|
Post-Retirement Obligation |
1,628.0 |
1,748.0 |
1,960.0 |
2,192.0 |
2,265.0 |
|
Plan Assets - Domestic |
12,181.0 |
10,306.0 |
11,520.0 |
17,194.0 |
16,578.0 |
|
Plan Assets - Foreign |
3,939.0 |
3,488.0 |
- |
- |
- |
|
Funded Status - Domestic |
-2,809.0 |
-3,314.0 |
-3,526.0 |
424.0 |
-430.0 |
|
Funded Status - Foreign |
-434.0 |
-778.0 |
- |
- |
- |
|
Funded Status - Post-Retirement |
-1,628.0 |
-1,748.0 |
-1,960.0 |
-2,192.0 |
-2,265.0 |
|
Accumulated Obligation - Domestic |
14,260.0 |
12,758.0 |
14,300.0 |
16,000.0 |
16,200.0 |
|
Accumulated Obligation - Foreign |
1,883.0 |
1,883.0 |
- |
- |
- |
|
Accumulated Obligation - Post-Retirement |
-1,628.0 |
-1,748.0 |
1,960.0 |
2,192.0 |
2,265.0 |
|
Total Funded Status |
-4,871.0 |
-5,840.0 |
-5,486.0 |
-1,768.0 |
-2,695.0 |
|
Discount Rate - Domestic |
5.25% |
5.75% |
6.95% |
6.50% |
6.00% |
|
Discount Rate - Post-Retirement |
4.70% |
5.25% |
6.00% |
5.90% |
5.70% |
|
Compensation Rate - Domestic |
4.50% |
4.50% |
4.50% |
4.00% |
4.00% |
|
Prepaid Benefits - Domestic |
135.0 |
58.0 |
62.0 |
1,231.0 |
685.0 |
|
Intangible Assets - Domestic |
- |
- |
- |
- |
0.0 |
|
Accrued Liabilities - Domestic |
-2,809.0 |
-3,314.0 |
-3,588.0 |
-807.0 |
-1,115.0 |
|
Accrued Liabilities - Foreign |
-569.0 |
-836.0 |
- |
- |
- |
|
Accrued Liabilities - Post-Retirement |
-1,628.0 |
-1,748.0 |
-1,960.0 |
-2,192.0 |
-2,265.0 |
|
Other Assets, Net - Domestic |
1,685.0 |
1,459.0 |
6,066.0 |
1,781.0 |
2,532.0 |
|
Other Assets, Net - Foreign |
302.0 |
302.0 |
- |
- |
- |
|
Other Assets, Net - Post-Retirement |
161.0 |
120.0 |
125.0 |
313.0 |
340.0 |
|
Net Assets Recognized on Balance Sheet |
-2,723.0 |
-3,959.0 |
705.0 |
326.0 |
177.0 |
|
Equity % - Domestic |
- |
- |
54.00% |
63.00% |
63.00% |
|
Debt Securities % - Domestic |
- |
- |
25.00% |
26.00% |
29.00% |
|
Real Estate % - Domestic |
- |
- |
9.00% |
6.00% |
5.00% |
|
Other Investments % - Domestic |
- |
- |
12.00% |
5.00% |
3.00% |
|
Total Plan Obligations |
20,991.0 |
19,634.0 |
17,006.0 |
18,962.0 |
19,273.0 |
|
Total Plan Assets |
16,120.0 |
13,794.0 |
11,520.0 |
17,194.0 |
16,578.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,083.0 |
|
Depreciation |
987.0 |
957.0 |
903.0 |
837.0 |
794.0 |
|
Depreciation/Depletion |
987.0 |
957.0 |
903.0 |
837.0 |
794.0 |
|
Deferred Taxes |
878.0 |
47.0 |
-1,120.0 |
332.0 |
450.0 |
|
Accounting Change |
- |
- |
- |
0.0 |
0.0 |
|
Unusual Items |
161.0 |
-267.0 |
-69.0 |
39.0 |
-76.0 |
|
Other Non-Cash Items |
29.0 |
1,211.0 |
3,308.0 |
162.0 |
172.0 |
|
Non-Cash Items |
190.0 |
944.0 |
3,239.0 |
201.0 |
96.0 |
|
Accounts Receivable |
-718.0 |
344.0 |
392.0 |
-467.0 |
-573.0 |
|
Inventories |
-310.0 |
479.0 |
-161.0 |
-183.0 |
-128.0 |
|
Other Assets |
14.0 |
-31.0 |
25.0 |
17.0 |
-11.0 |
|
Accounts Payable |
625.0 |
-167.0 |
-152.0 |
397.0 |
516.0 |
|
Accrued Expenses |
515.0 |
-175.0 |
-141.0 |
333.0 |
-16.0 |
|
Changes in Working Capital |
126.0 |
450.0 |
-37.0 |
97.0 |
-212.0 |
|
Cash from Operating Activities |
4,203.0 |
3,946.0 |
3,791.0 |
3,911.0 |
3,211.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-651.0 |
-609.0 |
-884.0 |
-767.0 |
-733.0 |
|
Capital Expenditures |
-651.0 |
-609.0 |
-884.0 |
-767.0 |
-733.0 |
|
Acquisition of Business |
-1,303.0 |
-468.0 |
-2,181.0 |
-1,150.0 |
-633.0 |
|
Sale of Business |
7.0 |
1.0 |
909.0 |
51.0 |
665.0 |
|
Sale of Fixed Assets |
14.0 |
31.0 |
53.0 |
98.0 |
87.0 |
|
Investment, Net |
112.0 |
1.0 |
18.0 |
6.0 |
0.0 |
|
Purchase of Investments |
-453.0 |
-24.0 |
-6.0 |
-20.0 |
0.0 |
|
Other Investing Cash Flow |
5.0 |
-65.0 |
68.0 |
0.0 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-1,618.0 |
-524.0 |
-1,139.0 |
-1,015.0 |
119.0 |
|
Cash from Investing Activities |
-2,269.0 |
-1,133.0 |
-2,023.0 |
-1,782.0 |
-614.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
13.0 |
1.0 |
21.0 |
86.0 |
31.0 |
|
Financing Cash Flow Items |
13.0 |
1.0 |
21.0 |
86.0 |
31.0 |
|
Cash Dividends Paid - Common |
-944.0 |
-918.0 |
-811.0 |
-767.0 |
-744.0 |
|
Total Cash Dividends Paid |
-944.0 |
-918.0 |
-811.0 |
-767.0 |
-744.0 |
|
Sale/Issuance of
Common |
195.0 |
37.0 |
146.0 |
603.0 |
396.0 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
-1,459.0 |
-3,986.0 |
-1,896.0 |
|
Common Stock, Net |
195.0 |
37.0 |
-1,313.0 |
-3,383.0 |
-1,500.0 |
|
Issuance (Retirement) of Stock, Net |
195.0 |
37.0 |
-1,313.0 |
-3,383.0 |
-1,500.0 |
|
Short Term Debt, Net |
21.0 |
-1,654.0 |
-326.0 |
1,075.0 |
-310.0 |
|
Long Term Debt Issued |
0.0 |
1,488.0 |
1,487.0 |
1,885.0 |
1,239.0 |
|
Long Term Debt
Reduction |
-1,332.0 |
-1,106.0 |
-428.0 |
-470.0 |
-1,365.0 |
|
Long Term Debt, Net |
-1,332.0 |
382.0 |
1,059.0 |
1,415.0 |
-126.0 |
|
Issuance (Retirement) of Debt, Net |
-1,311.0 |
-1,272.0 |
733.0 |
2,490.0 |
-436.0 |
|
Cash from Financing Activities |
-2,047.0 |
-2,152.0 |
-1,370.0 |
-1,574.0 |
-2,649.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-38.0 |
75.0 |
-162.0 |
50.0 |
42.0 |
|
Net Change in Cash |
-151.0 |
736.0 |
236.0 |
605.0 |
-10.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
1,234.0 |
|
Net Cash - Ending Balance |
2,650.0 |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
|
Cash Interest Paid |
410.0 |
469.0 |
415.0 |
444.0 |
361.0 |
|
Cash Taxes Paid |
80.0 |
361.0 |
810.0 |
474.0 |
471.0 |
Annual Income Statement
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Restated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Product Sales |
26,262.0 |
23,914.0 |
29,212.0 |
27,805.0 |
25,165.0 |
|
Service Sales |
7,108.0 |
6,994.0 |
7,344.0 |
6,784.0 |
6,202.0 |
|
Total Revenue |
33,370.0 |
30,908.0 |
36,556.0 |
34,589.0 |
31,367.0 |
|
|
|
|
|
|
|
|
Selling, general and administrative expe |
4,717.0 |
4,443.0 |
5,130.0 |
4,565.0 |
4,199.0 |
|
Other (income) expense |
- |
- |
- |
7.0 |
8.0 |
|
Cost of products sold (A) |
20,701.0 |
19,317.0 |
25,610.0 |
21,629.0 |
19,177.0 |
|
Cost of services sold (A) |
4,818.0 |
4,695.0 |
5,508.0 |
4,671.0 |
4,447.0 |
|
Gain Sale Business |
0.0 |
-87.0 |
-635.0 |
-19.0 |
-30.0 |
|
Interest Income |
-40.0 |
-33.0 |
-102.0 |
-81.0 |
-94.0 |
|
Equity in Affiliate |
-29.0 |
-26.0 |
-63.0 |
-10.0 |
-13.0 |
|
Other, net |
-39.0 |
46.0 |
0.0 |
- |
- |
|
Foreign Exchange Loss |
13.0 |
45.0 |
52.0 |
34.0 |
18.0 |
|
Interest/Charges |
402.0 |
474.0 |
482.0 |
478.0 |
4.0 |
|
Interest Capitalized |
-16.0 |
-15.0 |
-26.0 |
-22.0 |
-22.0 |
|
Severance |
- |
- |
- |
- |
102.0 |
|
Asset Impairements |
- |
- |
- |
- |
15.0 |
|
Exit Costs |
- |
- |
- |
- |
7.0 |
|
Reserve Adjustment |
- |
- |
- |
- |
-22.0 |
|
Asbestos Related Litigation Charges |
- |
- |
- |
- |
126.0 |
|
Probable/Reasonable Estimable Environ. |
- |
- |
- |
- |
210.0 |
|
Business Impairment |
- |
- |
- |
- |
12.0 |
|
Other Unsusal Item |
- |
- |
- |
- |
51.0 |
|
Arbitration Award Related to Phenol |
- |
- |
- |
- |
-18.0 |
|
Total Operating Expense |
30,527.0 |
28,859.0 |
35,956.0 |
31,252.0 |
28,177.0 |
|
|
|
|
|
|
|
|
Net Income Before Taxes |
2,843.0 |
2,049.0 |
600.0 |
3,337.0 |
3,190.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Net Income After Taxes |
2,035.0 |
1,584.0 |
826.0 |
2,460.0 |
2,470.0 |
|
|
|
|
|
|
|
|
Minortiy Interest |
-13.0 |
-36.0 |
-20.0 |
-16.0 |
- |
|
Net Income Before Extra. Items |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,470.0 |
|
Income from Discontinued Operations |
- |
- |
- |
- |
5.0 |
|
Cumulative Effect of Accounting Change |
- |
- |
- |
- |
0.0 |
|
Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,470.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
773.5 |
752.6 |
736.8 |
764.5 |
820.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
2.61 |
2.06 |
1.09 |
3.20 |
3.01 |
|
Basic EPS Including ExtraOrdinary Item |
2.61 |
2.06 |
1.09 |
3.20 |
3.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
Diluted Weighted Average Shares |
780.9 |
755.7 |
743.6 |
774.2 |
826.3 |
|
Diluted EPS Excluding ExtraOrd Items |
2.59 |
2.05 |
1.08 |
3.16 |
2.99 |
|
Diluted EPS Including ExtraOrd Items |
2.59 |
2.05 |
1.08 |
3.16 |
3.00 |
|
DPS-Common Stock |
1.21 |
1.21 |
1.10 |
1.00 |
0.91 |
|
Gross Dividends - Common Stock |
948.0 |
916.0 |
815.0 |
767.0 |
750.0 |
|
Normalized Income Before Taxes |
3,443.0 |
2,440.0 |
977.0 |
3,861.0 |
3,643.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
978.5 |
553.7 |
-94.1 |
1,014.7 |
822.2 |
|
Normalized Income After Taxes |
2,464.5 |
1,886.3 |
1,071.1 |
2,846.3 |
2,820.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2,451.5 |
1,850.3 |
1,051.1 |
2,830.3 |
2,820.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.17 |
2.46 |
1.43 |
3.70 |
3.44 |
|
Diluted Normalized EPS |
3.14 |
2.45 |
1.41 |
3.66 |
3.41 |
|
Depreciation |
724.0 |
707.0 |
702.0 |
675.0 |
650.0 |
|
Research and Development |
1,466.0 |
1,330.0 |
1,543.0 |
1,459.0 |
1,411.0 |
|
Interest Expense |
386.0 |
459.0 |
456.0 |
456.0 |
374.0 |
|
Interest Capitalized |
-16.0 |
-15.0 |
-26.0 |
-22.0 |
-22.0 |
|
Amort of Intangibles |
263.0 |
250.0 |
201.0 |
162.0 |
144.0 |
|
Rental Expense |
373.0 |
371.0 |
383.0 |
365.0 |
341.0 |
|
U.S. |
-471.0 |
-27.0 |
493.0 |
249.0 |
-39.0 |
|
State |
8.0 |
21.0 |
70.0 |
64.0 |
26.0 |
|
Foreign |
393.0 |
424.0 |
331.0 |
232.0 |
283.0 |
|
Current Tax - Total |
-70.0 |
418.0 |
894.0 |
545.0 |
270.0 |
|
U.S. |
784.0 |
283.0 |
-939.0 |
225.0 |
376.0 |
|
State |
72.0 |
17.0 |
-145.0 |
4.0 |
49.0 |
|
Foreign |
22.0 |
-253.0 |
-36.0 |
103.0 |
25.0 |
|
Deferred Tax - Total |
878.0 |
47.0 |
-1,120.0 |
332.0 |
450.0 |
|
Income Tax - Total |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Domestic |
393.0 |
294.0 |
-521.0 |
542.0 |
412.0 |
|
Foreign |
415.0 |
171.0 |
295.0 |
335.0 |
308.0 |
|
Income Tax by Region - Total |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Service Cost - Pension |
221.0 |
183.0 |
198.0 |
264.0 |
274.0 |
|
Interest Cost - Penison |
768.0 |
785.0 |
765.0 |
960.0 |
908.0 |
|
Expected Return on Assets - Pension |
-902.0 |
-767.0 |
-1,140.0 |
-1,347.0 |
-1,251.0 |
|
Amortization of transition asset |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amort. of Prior Service Cost - Pension |
32.0 |
26.0 |
30.0 |
26.0 |
27.0 |
|
Recognized Actuarial Gain/Loss - Pension |
182.0 |
447.0 |
3,192.0 |
210.0 |
348.0 |
|
Curtailments & Settlements - Pension |
0.0 |
0.0 |
0.0 |
35.0 |
-13.0 |
|
Domestic Pension Plan Expense |
301.0 |
674.0 |
3,045.0 |
148.0 |
293.0 |
|
Service cost |
51.0 |
41.0 |
57.0 |
- |
- |
|
Interest cost |
228.0 |
208.0 |
244.0 |
- |
- |
|
Expected return on plan assets |
-248.0 |
-221.0 |
-301.0 |
- |
- |
|
Amortization of transition (asset) oblig |
1.0 |
1.0 |
1.0 |
- |
- |
|
Amortization of prior service cost (cre |
-1.0 |
-1.0 |
-1.0 |
- |
- |
|
Recognition of actuarial losses |
289.0 |
308.0 |
112.0 |
- |
- |
|
Settlements and curtailments |
4.0 |
0.0 |
18.0 |
- |
- |
|
Foreign Pension Plan Expense |
324.0 |
336.0 |
130.0 |
- |
- |
|
Service Cost - Post-Retirement |
2.0 |
6.0 |
13.0 |
15.0 |
17.0 |
|
Interest Cost - Post-Retirement |
81.0 |
104.0 |
122.0 |
128.0 |
122.0 |
|
Amort. of Prior Service Cost - Post-Ret. |
-44.0 |
-44.0 |
-43.0 |
-37.0 |
-40.0 |
|
Recognized Actuarial Gain/Loss - P-Ret. |
34.0 |
13.0 |
33.0 |
46.0 |
52.0 |
|
Curtailments & Settlements - Post-Ret. |
-47.0 |
-98.0 |
0.0 |
0.0 |
- |
|
Post-Retirement Plan Expense |
26.0 |
-19.0 |
125.0 |
152.0 |
151.0 |
|
Employee Savings Plan - U.S. |
105.0 |
158.0 |
220.0 |
199.0 |
179.0 |
|
Total Pension Expense |
756.0 |
1,149.0 |
3,520.0 |
499.0 |
623.0 |
|
Discount Rate - Pension |
5.75% |
6.95% |
6.50% |
6.00% |
5.75% |
|
Expected Rate of Return - Pension |
9.00% |
9.00% |
9.00% |
9.00% |
9.00% |
|
Compensation Rate - Pension |
4.50% |
4.50% |
4.50% |
4.00% |
4.00% |
|
Discount Rate - Foreign |
5.71% |
6.21% |
5.68% |
- |
- |
|
Expected Rate of Return - Foreign |
7.51% |
7.52% |
7.65% |
- |
- |
|
Compensation Rate - Foreign |
3.87% |
3.33% |
3.84% |
- |
- |
|
Discount Rate - Post-Retirement |
5.25% |
6.00% |
5.90% |
5.70% |
5.50% |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Equivalents |
2,650.0 |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
|
Other |
458.0 |
381.0 |
299.0 |
367.0 |
470.0 |
|
Trade Receivables |
6,698.0 |
6,183.0 |
5,893.0 |
6,070.0 |
5,373.0 |
|
Other Receivables |
647.0 |
326.0 |
422.0 |
498.0 |
584.0 |
|
Allowance for Doubtful Accounts |
-277.0 |
-235.0 |
-186.0 |
-181.0 |
-217.0 |
|
Raw Materials |
1,158.0 |
988.0 |
1,644.0 |
1,692.0 |
1,625.0 |
|
Work in Process |
810.0 |
796.0 |
952.0 |
870.0 |
808.0 |
|
Finished Products |
2,144.0 |
1,823.0 |
1,415.0 |
1,501.0 |
1,342.0 |
|
Progress Payments |
- |
- |
-3.0 |
-3.0 |
-17.0 |
|
Reduction to LIFO Cost Basis |
-154.0 |
-161.0 |
-160.0 |
-199.0 |
-170.0 |
|
Drfd. Income Tax |
877.0 |
1,034.0 |
922.0 |
1,241.0 |
1,215.0 |
|
Assets for Disposal |
- |
- |
- |
- |
67.0 |
|
Total Current Assets |
15,011.0 |
13,936.0 |
13,263.0 |
13,685.0 |
12,304.0 |
|
|
|
|
|
|
|
|
Long-term financing receivables |
120.0 |
142.0 |
- |
- |
- |
|
Long-term trade and other receivables |
83.0 |
175.0 |
- |
- |
- |
|
Investments |
413.0 |
262.0 |
- |
- |
- |
|
Invest./LT Rcvbl |
- |
- |
670.0 |
500.0 |
382.0 |
|
Goodwill |
11,597.0 |
10,494.0 |
10,185.0 |
9,175.0 |
8,403.0 |
|
Other assets |
1,153.0 |
1,016.0 |
945.0 |
983.0 |
938.0 |
|
Land/Improvement |
525.0 |
513.0 |
475.0 |
409.0 |
408.0 |
|
Machine/Equip. |
10,204.0 |
9,982.0 |
10,075.0 |
10,243.0 |
9,888.0 |
|
Buildings |
2,669.0 |
2,621.0 |
2,429.0 |
2,244.0 |
2,056.0 |
|
Construction in Progress |
403.0 |
405.0 |
407.0 |
466.0 |
447.0 |
|
Depreciation |
-8,961.0 |
-8,674.0 |
-8,452.0 |
-8,377.0 |
-8,002.0 |
|
Patents & Technology |
1,101.0 |
1,053.0 |
1,030.0 |
965.0 |
801.0 |
|
Customer Relationships |
1,688.0 |
1,359.0 |
1,250.0 |
682.0 |
462.0 |
|
Trademarks |
186.0 |
164.0 |
164.0 |
192.0 |
101.0 |
|
Other Intangibles |
512.0 |
514.0 |
501.0 |
458.0 |
512.0 |
|
Trademarks with Indefinite Lives |
650.0 |
429.0 |
403.0 |
107.0 |
107.0 |
|
Amortization |
-1,563.0 |
-1,345.0 |
-1,081.0 |
-906.0 |
-736.0 |
|
Insurance Recov. |
825.0 |
941.0 |
1,029.0 |
1,086.0 |
1,100.0 |
|
Deferred income taxes |
1,218.0 |
2,006.0 |
2,135.0 |
637.0 |
1,075.0 |
|
Prepaid pension benefit cost |
- |
- |
62.0 |
1,256.0 |
695.0 |
|
Total Assets |
37,834.0 |
35,993.0 |
35,490.0 |
33,805.0 |
30,941.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
4,344.0 |
3,633.0 |
3,773.0 |
3,962.0 |
3,518.0 |
|
ST Borrowings |
67.0 |
45.0 |
56.0 |
64.0 |
62.0 |
|
Commercial Paper |
299.0 |
298.0 |
1,431.0 |
1,756.0 |
669.0 |
|
Current Portion of LTD |
523.0 |
1,018.0 |
1,023.0 |
418.0 |
423.0 |
|
Accrued liabilities |
4,315.0 |
4,266.0 |
4,391.0 |
4,162.0 |
2,770.0 |
|
Other |
- |
- |
- |
- |
1,200.0 |
|
Customer Advances & Deferred Income |
1,703.0 |
1,432.0 |
1,159.0 |
1,259.0 |
1,067.0 |
|
Income Taxes |
466.0 |
455.0 |
456.0 |
320.0 |
418.0 |
|
Liabilities-Assets for Disposal |
- |
- |
- |
- |
8.0 |
|
Total Current Liabilities |
11,717.0 |
11,147.0 |
12,289.0 |
11,941.0 |
10,135.0 |
|
|
|
|
|
|
|
|
LT Debt |
5,755.0 |
6,246.0 |
5,865.0 |
5,419.0 |
3,909.0 |
|
Total Long Term Debt |
5,755.0 |
6,246.0 |
5,865.0 |
5,419.0 |
3,909.0 |
|
|
|
|
|
|
|
|
Deferred Income Taxes |
636.0 |
542.0 |
698.0 |
734.0 |
352.0 |
|
Postretirement Benefit Obligations |
1,477.0 |
1,594.0 |
1,799.0 |
2,025.0 |
2,090.0 |
|
Other liabilities |
345.0 |
300.0 |
289.0 |
314.0 |
288.0 |
|
Asbestos Related |
1,557.0 |
1,040.0 |
1,538.0 |
1,405.0 |
1,262.0 |
|
Pension and other employee related |
4,216.0 |
4,814.0 |
4,307.0 |
1,536.0 |
1,748.0 |
|
Environmental |
425.0 |
465.0 |
603.0 |
488.0 |
580.0 |
|
Income taxes |
562.0 |
476.0 |
448.0 |
416.0 |
575.0 |
|
Insurance |
177.0 |
207.0 |
175.0 |
143.0 |
134.0 |
|
Asset retirement obligations |
86.0 |
85.0 |
90.0 |
93.0 |
92.0 |
|
Deferred income |
94.0 |
106.0 |
120.0 |
69.0 |
56.0 |
|
Noncontrolling interest |
121.0 |
110.0 |
82.0 |
- |
- |
|
Total Liabilities |
27,168.0 |
27,132.0 |
28,303.0 |
24,583.0 |
21,221.0 |
|
|
|
|
|
|
|
|
Capital - common stock issued |
958.0 |
958.0 |
958.0 |
958.0 |
958.0 |
|
Paid-In Capital |
3,977.0 |
3,823.0 |
3,994.0 |
4,014.0 |
3,845.0 |
|
Treasury Stock |
-8,299.0 |
-8,995.0 |
-10,206.0 |
-9,479.0 |
-6,339.0 |
|
Accumulated Other Comprehensive Income |
-1,067.0 |
-948.0 |
-3,809.0 |
-544.0 |
-1,307.0 |
|
Retained Erngs. |
15,097.0 |
14,023.0 |
16,250.0 |
14,273.0 |
12,563.0 |
|
Total Equity |
10,666.0 |
8,861.0 |
7,187.0 |
9,222.0 |
9,720.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
37,834.0 |
35,993.0 |
35,490.0 |
33,805.0 |
30,941.0 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
783.0 |
764.2 |
734.6 |
746.6 |
800.6 |
|
Total Common Shares Outstanding |
783.0 |
764.2 |
734.6 |
746.6 |
800.6 |
|
T/S-Common Stock |
174.6 |
193.4 |
223.0 |
211.0 |
157.0 |
|
Accumulated Intangible Amortization |
1,563.0 |
1,345.0 |
1,081.0 |
906.0 |
736.0 |
|
Deferred Revenues- Current |
1,703.0 |
1,432.0 |
1,159.0 |
1,259.0 |
1,067.0 |
|
Deferred Income - Long Term |
94.0 |
106.0 |
120.0 |
69.0 |
56.0 |
|
Full-Time Employees |
130,000 |
122,000 |
128,000 |
122,000 |
118,000 |
|
Number of Common Shareholders |
61,830 |
64,617 |
66,634 |
69,767 |
74,473 |
|
Long Term Debt Due Within 1 Year |
523.0 |
1,018.0 |
1,023.0 |
418.0 |
423.0 |
|
Long Term Debt Due Within 2 Years |
412.0 |
520.0 |
1,106.0 |
1,024.0 |
416.0 |
|
Long Term Debt Due Within 3 Years |
610.0 |
406.0 |
536.0 |
1,121.0 |
511.0 |
|
Long Term Debt Due Within 4 Years |
607.0 |
605.0 |
401.0 |
533.0 |
1,130.0 |
|
Long Term Debt Due Within 5 Years |
1.0 |
606.0 |
605.0 |
401.0 |
526.0 |
|
Long Term Debt Due Thereafter |
4,125.0 |
4,109.0 |
3,217.0 |
2,340.0 |
1,326.0 |
|
Total Long Term Debt, Supplemental |
6,278.0 |
7,264.0 |
6,888.0 |
5,837.0 |
4,332.0 |
|
Operating Leases - Within 1 Year |
318.0 |
313.0 |
323.0 |
327.0 |
304.0 |
|
Operating Leases - Within 2 Years |
245.0 |
245.0 |
243.0 |
233.0 |
222.0 |
|
Operating Leases - Within 3 Years |
192.0 |
174.0 |
184.0 |
164.0 |
155.0 |
|
Operating Leases - Within 4 Years |
145.0 |
125.0 |
127.0 |
120.0 |
100.0 |
|
Operating Leases - Within 5 Years |
121.0 |
100.0 |
101.0 |
77.0 |
74.0 |
|
Operating Leases - After 5 Years |
332.0 |
256.0 |
314.0 |
264.0 |
223.0 |
|
Total Operating Leases |
1,353.0 |
1,213.0 |
1,292.0 |
1,185.0 |
1,078.0 |
|
Projected Benefit Obligation - Pension |
14,990.0 |
13,620.0 |
15,046.0 |
16,770.0 |
17,008.0 |
|
Pension Obligation - Foreign |
4,373.0 |
4,266.0 |
- |
- |
- |
|
FV of Plan Assets - Pension |
12,181.0 |
10,306.0 |
11,520.0 |
17,194.0 |
16,578.0 |
|
Plan Assets - Foreign |
3,939.0 |
3,488.0 |
- |
- |
- |
|
Funded Status - Pension |
-2,809.0 |
-3,314.0 |
-3,526.0 |
424.0 |
-430.0 |
|
Funded Status - Foreign |
-434.0 |
-778.0 |
- |
- |
- |
|
Accumulated Benefit Obligation - Pension |
14,260.0 |
12,758.0 |
14,300.0 |
16,000.0 |
16,200.0 |
|
Accumulated Obligation - Foreign |
1,883.0 |
1,883.0 |
- |
- |
- |
|
Projected Benefit Obligation - Post-Ret. |
1,628.0 |
1,748.0 |
1,960.0 |
2,192.0 |
2,265.0 |
|
Funded Status - Post-Retirement |
-1,628.0 |
-1,748.0 |
-1,960.0 |
-2,192.0 |
-2,265.0 |
|
Accumulated Benefit Obligation - Post-Re |
-1,628.0 |
-1,748.0 |
1,960.0 |
2,192.0 |
2,265.0 |
|
Total Funded Status |
-4,871.0 |
-5,840.0 |
-5,486.0 |
-1,768.0 |
-2,695.0 |
|
Discount Rate - Pension |
5.25% |
5.75% |
6.95% |
6.50% |
6.00% |
|
Compensation Rate - Pension |
4.50% |
4.50% |
4.50% |
4.00% |
4.00% |
|
Discount Rate - Post-Retirement |
4.70% |
5.25% |
6.00% |
5.90% |
5.70% |
|
Prepaid Benefit Cost - Pension |
135.0 |
58.0 |
62.0 |
1,231.0 |
685.0 |
|
Intangible Assets - Pension |
- |
- |
- |
- |
0.0 |
|
Accrued Benefit Liability - Pension |
-2,809.0 |
-3,314.0 |
-3,588.0 |
-807.0 |
-1,115.0 |
|
Accrued Liabilities - Foreign |
-569.0 |
-836.0 |
- |
- |
- |
|
Additional Minimum Liability - Pension |
- |
- |
- |
- |
0.0 |
|
Other Comprehensive Inc./Loss - Pension |
- |
- |
- |
- |
0.0 |
|
Accrued Benefit Liability - Post-Ret. |
-197.0 |
-197.0 |
-197.0 |
-197.0 |
-197.0 |
|
Postretirement Benefit Obligations |
-1,431.0 |
-1,551.0 |
-1,763.0 |
-1,995.0 |
-2,068.0 |
|
AOCI-Transition Obligation - Pension |
9.0 |
11.0 |
11.0 |
12.0 |
11.0 |
|
AOCI-Prior Service Cost - Pension |
177.0 |
92.0 |
97.0 |
94.0 |
98.0 |
|
Other Assets, Net - Foreign |
-19.0 |
-19.0 |
- |
- |
- |
|
AOCI-Net Actuarial Loss - Pension |
1,499.0 |
1,356.0 |
5,958.0 |
1,675.0 |
2,423.0 |
|
Other Assets, Net - Foreign |
321.0 |
321.0 |
- |
- |
- |
|
AOCI-Prior Service Cost - Post-Ret. |
-264.0 |
-179.0 |
-140.0 |
-116.0 |
-146.0 |
|
AOCI-Net Actuarial Loss - Post-Ret. |
425.0 |
299.0 |
265.0 |
429.0 |
486.0 |
|
Net Assets Recognized on Balance Sheet |
-2,723.0 |
-3,959.0 |
705.0 |
326.0 |
177.0 |
|
Equity Securities % - Pension |
- |
- |
54.00% |
63.00% |
63.00% |
|
Debt Securities % - Pension |
- |
- |
25.00% |
26.00% |
29.00% |
|
Real Estate % - Pension |
- |
- |
9.00% |
6.00% |
5.00% |
|
Other % - Pension |
- |
- |
12.00% |
5.00% |
3.00% |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,083.0 |
|
Depreciation |
987.0 |
957.0 |
903.0 |
837.0 |
794.0 |
|
Gain on sale of non strategic businesses |
0.0 |
-87.0 |
-635.0 |
- |
- |
|
Repositioning and other charges |
600.0 |
478.0 |
1,012.0 |
543.0 |
483.0 |
|
Payments for Repositioning |
-439.0 |
-658.0 |
-446.0 |
-504.0 |
-559.0 |
|
Pension & Benefits Expense |
689.0 |
1,022.0 |
3,334.0 |
322.0 |
459.0 |
|
Pension & Benefits Payments |
-787.0 |
-189.0 |
-214.0 |
-300.0 |
-353.0 |
|
Stock Option Expense |
164.0 |
118.0 |
128.0 |
65.0 |
77.0 |
|
Excess tax benefits from share based pay |
-13.0 |
-1.0 |
-21.0 |
-86.0 |
-31.0 |
|
Cumulative Effect of Accounting Change |
- |
- |
- |
0.0 |
0.0 |
|
Deferred Taxes |
878.0 |
47.0 |
-1,120.0 |
332.0 |
450.0 |
|
Other |
-24.0 |
261.0 |
81.0 |
161.0 |
20.0 |
|
Accounts Receivables |
-718.0 |
344.0 |
392.0 |
-467.0 |
-573.0 |
|
Inventories |
-310.0 |
479.0 |
-161.0 |
-183.0 |
-128.0 |
|
Other Cur. Assets |
14.0 |
-31.0 |
25.0 |
17.0 |
-11.0 |
|
Accounts Payable |
625.0 |
-167.0 |
-152.0 |
397.0 |
516.0 |
|
Accrued liabilities |
515.0 |
-175.0 |
-141.0 |
333.0 |
-16.0 |
|
Cash from Operating Activities |
4,203.0 |
3,946.0 |
3,791.0 |
3,911.0 |
3,211.0 |
|
|
|
|
|
|
|
|
Capital Expenditures |
-651.0 |
-609.0 |
-884.0 |
-767.0 |
-733.0 |
|
Proceeds from disposals of property, pla |
14.0 |
31.0 |
53.0 |
98.0 |
87.0 |
|
Acquisitions |
-1,303.0 |
-468.0 |
-2,181.0 |
-1,150.0 |
-633.0 |
|
Proceeds from sales of businesses,net of |
7.0 |
1.0 |
909.0 |
51.0 |
665.0 |
|
Other |
5.0 |
-65.0 |
68.0 |
0.0 |
0.0 |
|
Increase in investments |
-453.0 |
-24.0 |
-6.0 |
-20.0 |
0.0 |
|
Decrease in investments |
112.0 |
1.0 |
18.0 |
6.0 |
0.0 |
|
Cash from Investing Activities |
-2,269.0 |
-1,133.0 |
-2,023.0 |
-1,782.0 |
-614.0 |
|
|
|
|
|
|
|
|
Commercial Paper |
1.0 |
-1,133.0 |
-325.0 |
1,078.0 |
-86.0 |
|
ST Borrowings |
20.0 |
-521.0 |
-1.0 |
-3.0 |
-224.0 |
|
Issuance of Common |
195.0 |
37.0 |
146.0 |
603.0 |
396.0 |
|
Issuance LT Debt |
0.0 |
1,488.0 |
1,487.0 |
1,885.0 |
1,239.0 |
|
Payments LT Debt |
-1,006.0 |
-1,106.0 |
-428.0 |
-430.0 |
-1,019.0 |
|
Repurchases of common stock |
0.0 |
0.0 |
-1,459.0 |
-3,986.0 |
-1,896.0 |
|
Dividends Paid |
-944.0 |
-918.0 |
-811.0 |
-767.0 |
-744.0 |
|
Payments of debt assumed with acquisitio |
-326.0 |
0.0 |
0.0 |
-40.0 |
-346.0 |
|
Excess tax benefits from share based pay |
13.0 |
1.0 |
21.0 |
86.0 |
31.0 |
|
Cash from Financing Activities |
-2,047.0 |
-2,152.0 |
-1,370.0 |
-1,574.0 |
-2,649.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-38.0 |
75.0 |
-162.0 |
50.0 |
42.0 |
|
Net Change in Cash |
-151.0 |
736.0 |
236.0 |
605.0 |
-10.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
1,234.0 |
|
Net Cash - Ending Balance |
2,650.0 |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
|
Cash Interest Paid |
410.0 |
469.0 |
415.0 |
444.0 |
361.0 |
|
Cash Taxes Paid |
80.0 |
361.0 |
810.0 |
474.0 |
471.0 |
Financial
Health
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Ratio Comparisons
|
Traded: New York Stock
Exchange: HON |
Financials in:
USD (actual units) |
|
Industry: Aerospace &
Defense |
As of
30-Sep-2011 |
|
Sector: Capital Goods |
|
|
|
Company |
Industry |
Sector |
S&P 500 |
|
Valuation Ratios |
||||
|
P/E Excluding Extraordinary (TTM) |
14.01 |
17.92 |
22.07 |
19.68 |
|
P/E High Excluding Extraordinary - Last 5 Yrs |
30.29 |
26.44 |
37.65 |
32.79 |
|
P/E Low Excluding Extraordinary - Last 5 Yrs |
15.13 |
7.78 |
7.33 |
10.71 |
|
Beta |
1.37 |
1.16 |
1.34 |
1.00 |
|
Price/Revenue (TTM) |
0.97 |
1.41 |
1.52 |
2.57 |
|
Price/Book (MRQ) |
2.85 |
6.50 |
4.76 |
3.67 |
|
Price to Tangible Book (MRQ) |
- |
9.00 |
7.19 |
5.21 |
|
Price to Cash Flow Per Share (TTM) |
9.77 |
12.93 |
15.36 |
14.22 |
|
Price to Free Cash Flow Per Share (TTM) |
26.43 |
34.04 |
32.27 |
26.26 |
|
|
|
|
|
|
|
Dividends |
||||
|
Dividend Yield |
3.03% |
2.35% |
1.88% |
2.26% |
|
Dividend Per Share - 5 Yr Avg |
1.09 |
1.93 |
1.73 |
1.99 |
|
Dividend 5 Yr Growth |
7.96% |
8.65% |
7.09% |
0.08% |
|
Payout Ratio (TTM) |
40.34% |
29.83% |
27.79% |
25.98% |
|
|
|
|
|
|
|
Growth Rates (%) |
||||
|
Revenue (MRQ) vs Qtr 1 Yr Ago |
14.64% |
5.07% |
13.77% |
15.58% |
|
Revenue (TTM) vs TTM 1 Yr Ago |
13.42% |
2.07% |
9.04% |
17.69% |
|
Revenue 5 Yr Growth |
3.83% |
7.46% |
6.24% |
8.97% |
|
EPS (MRQ) vs Qtr 1 Yr Ago |
41.10% |
-3.38% |
8.64% |
19.49% |
|
EPS (TTM) vs TTM 1 Yr Ago |
38.66% |
31.46% |
48.61% |
32.55% |
|
EPS 5 Yr Growth |
7.13% |
14.33% |
11.11% |
9.86% |
|
Capital Spending 5 Yr Growth |
-0.98% |
2.40% |
2.27% |
-2.04% |
|
|
|
|
|
|
|
Financial Strength |
||||
|
Quick Ratio (MRQ) |
1.09 |
0.85 |
1.00 |
1.24 |
|
Current Ratio (MRQ) |
1.44 |
1.68 |
1.91 |
1.79 |
|
LT Debt/Equity (MRQ) |
0.56 |
1.27 |
0.99 |
0.64 |
|
Total Debt/Equity (MRQ) |
0.64 |
1.38 |
1.16 |
0.73 |
|
Interest Coverage (TTM) |
10.37 |
13.62 |
11.79 |
13.80 |
|
|
|
|
|
|
|
Profitability Ratios (%) |
||||
|
Gross Margin (TTM) |
24.40% |
21.13% |
24.70% |
45.21% |
|
Gross Margin - 5 Yr Avg |
21.71% |
23.04% |
24.93% |
44.91% |
|
EBITD Margin (TTM) |
13.65% |
13.37% |
12.97% |
24.43% |
|
EBITD Margin - 5 Yr Avg |
10.74% |
12.71% |
12.28% |
22.84% |
|
Operating Margin (TTM) |
9.65% |
10.62% |
9.82% |
20.63% |
|
Operating Margin - 5 Yr Avg |
7.21% |
10.16% |
9.51% |
18.28% |
|
Pretax Margin (TTM) |
9.65% |
9.75% |
8.95% |
17.95% |
|
Pretax Margin - 5 Yr Avg |
7.21% |
9.41% |
8.79% |
17.10% |
|
Net Profit Margin (TTM) |
6.96% |
6.92% |
6.41% |
13.65% |
|
Net Profit Margin - 5 Yr Avg |
5.62% |
6.58% |
6.01% |
12.10% |
|
Effective Tax Rate (TTM) |
27.87% |
28.22% |
29.26% |
28.45% |
|
Effective Tax rate - 5 Yr Avg |
22.00% |
29.60% |
31.03% |
29.92% |
|
|
|
|
|
|
|
Management Effectiveness (%) |
||||
|
Return on Assets (TTM) |
6.51% |
6.28% |
6.25% |
8.54% |
|
Return on Assets - 5 Yr Avg |
5.48% |
6.78% |
6.69% |
8.40% |
|
Return on Investment (TTM) |
9.36% |
4.67% |
4.72% |
7.90% |
|
Return on Investment - 5 Yr Avg |
8.21% |
5.37% |
5.72% |
8.27% |
|
Return on Equity (TTM) |
23.40% |
24.25% |
18.99% |
19.72% |
|
Return on Equity - 5 Yr Avg |
20.33% |
32.26% |
23.87% |
20.06% |
|
|
|
|
|
|
|
Efficiency |
||||
|
Revenue/Employee (TTM) |
272,507.70 |
317,656.24 |
357,573.83 |
927,613.77 |
|
Net Income/Employee (TTM) |
18,976.92 |
22,109.46 |
23,741.62 |
116,121.92 |
|
Receivables Turnover (TTM) |
5.61 |
7.58 |
8.63 |
13.25 |
|
Inventory Turnover (TTM) |
6.87 |
9.07 |
8.11 |
14.53 |
|
Asset Turnover (TTM) |
0.94 |
0.97 |
1.00 |
0.93 |
Annual Ratios
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
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Stock Report
|
Traded: New York Stock
Exchange: HON |
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|
As of 30-Sep-2011 US Dollars |
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Stock History
|
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Annual Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Restated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate (Period
Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Sales |
33,370.0 |
30,908.0 |
36,556.0 |
34,589.0 |
31,367.0 |
|
Revenue |
33,370.0 |
30,908.0 |
36,556.0 |
34,589.0 |
31,367.0 |
|
Total Revenue |
33,370.0 |
30,908.0 |
36,556.0 |
34,589.0 |
31,367.0 |
|
|
|
|
|
|
|
|
Cost of Revenue |
25,519.0 |
24,012.0 |
31,118.0 |
26,300.0 |
23,624.0 |
|
Cost of Revenue, Total |
25,519.0 |
24,012.0 |
31,118.0 |
26,300.0 |
23,624.0 |
|
Gross Profit |
7,851.0 |
6,896.0 |
5,438.0 |
8,289.0 |
7,743.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
4,717.0 |
4,443.0 |
5,130.0 |
4,565.0 |
4,199.0 |
|
Total Selling/General/Administrative Expenses |
4,717.0 |
4,443.0 |
5,130.0 |
4,565.0 |
4,199.0 |
|
Interest Expense -
Operating |
402.0 |
474.0 |
482.0 |
478.0 |
4.0 |
|
Interest Capitalized -
Operating |
-16.0 |
-15.0 |
-26.0 |
-22.0 |
-22.0 |
|
Interest Expense - Net Operating |
386.0 |
459.0 |
456.0 |
456.0 |
-18.0 |
|
Interest Income -
Operating |
-40.0 |
-33.0 |
-102.0 |
-81.0 |
-94.0 |
|
Investment Income -
Operating |
-16.0 |
19.0 |
-11.0 |
24.0 |
5.0 |
|
Interest/Investment Income - Operating |
-56.0 |
-14.0 |
-113.0 |
-57.0 |
-89.0 |
|
Interest Expense (Income) - Net Operating Total |
330.0 |
445.0 |
343.0 |
399.0 |
-107.0 |
|
Litigation |
- |
- |
- |
- |
126.0 |
|
Impairment-Assets Held for Use |
- |
- |
- |
- |
27.0 |
|
Loss (Gain) on Sale of Assets - Operating |
0.0 |
-87.0 |
-635.0 |
-19.0 |
-30.0 |
|
Other Unusual Expense (Income) |
- |
- |
- |
- |
330.0 |
|
Unusual Expense (Income) |
0.0 |
-87.0 |
-635.0 |
-19.0 |
453.0 |
|
Other, Net |
-39.0 |
46.0 |
0.0 |
7.0 |
8.0 |
|
Other Operating Expenses, Total |
-39.0 |
46.0 |
0.0 |
7.0 |
8.0 |
|
Total Operating Expense |
30,527.0 |
28,859.0 |
35,956.0 |
31,252.0 |
28,177.0 |
|
|
|
|
|
|
|
|
Operating Income |
2,843.0 |
2,049.0 |
600.0 |
3,337.0 |
3,190.0 |
|
|
|
|
|
|
|
|
Income Before Tax |
2,843.0 |
2,049.0 |
600.0 |
3,337.0 |
3,190.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Income After Tax |
2,035.0 |
1,584.0 |
826.0 |
2,460.0 |
2,470.0 |
|
|
|
|
|
|
|
|
Minority Interest |
-13.0 |
-36.0 |
-20.0 |
-16.0 |
- |
|
Net Income Before Extraord Items |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,470.0 |
|
Accounting Change |
- |
- |
- |
- |
0.0 |
|
Discontinued Operations |
- |
- |
- |
- |
5.0 |
|
Total Extraord Items |
- |
- |
- |
- |
5.0 |
|
Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,470.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
773.5 |
752.6 |
736.8 |
764.5 |
820.8 |
|
Basic EPS Excl Extraord Items |
2.61 |
2.06 |
1.09 |
3.20 |
3.01 |
|
Basic/Primary EPS Incl Extraord Items |
2.61 |
2.06 |
1.09 |
3.20 |
3.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
Diluted Weighted Average Shares |
780.9 |
755.7 |
743.6 |
774.2 |
826.3 |
|
Diluted EPS Excl Extraord Items |
2.59 |
2.05 |
1.08 |
3.16 |
2.99 |
|
Diluted EPS Incl Extraord Items |
2.59 |
2.05 |
1.08 |
3.16 |
3.00 |
|
Dividends per Share - Common Stock Primary Issue |
1.21 |
1.21 |
1.10 |
1.00 |
0.91 |
|
Gross Dividends - Common Stock |
948.0 |
916.0 |
815.0 |
767.0 |
750.0 |
|
Interest Expense, Supplemental |
386.0 |
459.0 |
456.0 |
456.0 |
374.0 |
|
Interest Capitalized, Supplemental |
-16.0 |
-15.0 |
-26.0 |
-22.0 |
-22.0 |
|
Depreciation, Supplemental |
724.0 |
707.0 |
702.0 |
675.0 |
650.0 |
|
Total Special Items |
600.0 |
391.0 |
377.0 |
524.0 |
453.0 |
|
Normalized Income Before Tax |
3,443.0 |
2,440.0 |
977.0 |
3,861.0 |
3,643.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
170.5 |
88.7 |
132.0 |
137.7 |
102.2 |
|
Inc Tax Ex Impact of Sp Items |
978.5 |
553.7 |
-94.1 |
1,014.7 |
822.2 |
|
Normalized Income After Tax |
2,464.5 |
1,886.3 |
1,071.1 |
2,846.3 |
2,820.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2,451.5 |
1,850.3 |
1,051.1 |
2,830.3 |
2,820.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.17 |
2.46 |
1.43 |
3.70 |
3.44 |
|
Diluted Normalized EPS |
3.14 |
2.45 |
1.41 |
3.66 |
3.41 |
|
Amort of Intangibles, Supplemental |
263.0 |
250.0 |
201.0 |
162.0 |
144.0 |
|
Rental Expenses |
373.0 |
371.0 |
383.0 |
365.0 |
341.0 |
|
Research & Development Exp, Supplemental |
1,466.0 |
1,330.0 |
1,543.0 |
1,459.0 |
1,411.0 |
|
Normalized EBIT |
3,773.0 |
2,885.0 |
1,320.0 |
4,260.0 |
3,536.0 |
|
Normalized EBITDA |
4,760.0 |
3,842.0 |
2,223.0 |
5,097.0 |
4,330.0 |
|
Current Tax - Domestic |
-471.0 |
-27.0 |
493.0 |
249.0 |
-39.0 |
|
Current Tax - Foreign |
393.0 |
424.0 |
331.0 |
232.0 |
283.0 |
|
Current Tax - Local |
8.0 |
21.0 |
70.0 |
64.0 |
26.0 |
|
Current Tax - Total |
-70.0 |
418.0 |
894.0 |
545.0 |
270.0 |
|
Deferred Tax - Domestic |
784.0 |
283.0 |
-939.0 |
225.0 |
376.0 |
|
Deferred Tax - Foreign |
22.0 |
-253.0 |
-36.0 |
103.0 |
25.0 |
|
Deferred Tax - Local |
72.0 |
17.0 |
-145.0 |
4.0 |
49.0 |
|
Deferred Tax - Total |
878.0 |
47.0 |
-1,120.0 |
332.0 |
450.0 |
|
Income Tax - Total |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Domestic Tax |
393.0 |
294.0 |
-521.0 |
542.0 |
412.0 |
|
Foreign Tax |
415.0 |
171.0 |
295.0 |
335.0 |
308.0 |
|
Income Tax by Region - Total |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Interest Cost - Domestic |
768.0 |
785.0 |
765.0 |
960.0 |
908.0 |
|
Service Cost - Domestic |
221.0 |
183.0 |
198.0 |
264.0 |
274.0 |
|
Prior Service Cost - Domestic |
32.0 |
26.0 |
30.0 |
26.0 |
27.0 |
|
Expected Return on Assets - Domestic |
-902.0 |
-767.0 |
-1,140.0 |
-1,347.0 |
-1,251.0 |
|
Actuarial Gains and Losses - Domestic |
182.0 |
447.0 |
3,192.0 |
210.0 |
348.0 |
|
Curtailments & Settlements - Domestic |
0.0 |
0.0 |
0.0 |
35.0 |
-13.0 |
|
Transition Costs - Domestic |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Domestic Pension Plan Expense |
301.0 |
674.0 |
3,045.0 |
148.0 |
293.0 |
|
Interest Cost - Foreign |
228.0 |
208.0 |
244.0 |
- |
- |
|
Service Cost - Foreign |
51.0 |
41.0 |
57.0 |
- |
- |
|
Prior Service Cost - Foreign |
-1.0 |
-1.0 |
-1.0 |
- |
- |
|
Expected Return on Assets - Foreign |
-248.0 |
-221.0 |
-301.0 |
- |
- |
|
Actuarial Gains and Losses - Foreign |
289.0 |
308.0 |
112.0 |
- |
- |
|
Curtailments & Settlements - Foreign |
4.0 |
0.0 |
18.0 |
- |
- |
|
Transition Costs - Foreign |
1.0 |
1.0 |
1.0 |
- |
- |
|
Foreign Pension Plan Expense |
324.0 |
336.0 |
130.0 |
- |
- |
|
Interest Cost - Post-Retirement |
81.0 |
104.0 |
122.0 |
128.0 |
122.0 |
|
Service Cost - Post-Retirement |
2.0 |
6.0 |
13.0 |
15.0 |
17.0 |
|
Prior Service Cost - Post-Retirement |
-44.0 |
-44.0 |
-43.0 |
-37.0 |
-40.0 |
|
Actuarial Gains and Losses - Post-Retir. |
34.0 |
13.0 |
33.0 |
46.0 |
52.0 |
|
Curtailments & Settlements - Post-Retir. |
-47.0 |
-98.0 |
0.0 |
0.0 |
- |
|
Post-Retirement Plan Expense |
26.0 |
-19.0 |
125.0 |
152.0 |
151.0 |
|
Defined Contribution Expense - Domestic |
105.0 |
158.0 |
220.0 |
199.0 |
179.0 |
|
Total Pension Expense |
756.0 |
1,149.0 |
3,520.0 |
499.0 |
623.0 |
|
Discount Rate - Domestic |
5.75% |
6.95% |
6.50% |
6.00% |
5.75% |
|
Discount Rate - Foreign |
5.71% |
6.21% |
5.68% |
- |
- |
|
Discount Rate - Post-Retirement |
5.25% |
6.00% |
5.90% |
5.70% |
5.50% |
|
Expected Rate of Return - Domestic |
9.00% |
9.00% |
9.00% |
9.00% |
9.00% |
|
Expected Rate of Return - Foreign |
7.51% |
7.52% |
7.65% |
- |
- |
|
Compensation Rate - Domestic |
4.50% |
4.50% |
4.50% |
4.00% |
4.00% |
|
Compensation Rate - Foreign |
3.87% |
3.33% |
3.84% |
- |
- |
|
Total Plan Interest Cost |
1,077.0 |
1,097.0 |
1,131.0 |
1,088.0 |
1,030.0 |
|
Total Plan Service Cost |
274.0 |
230.0 |
268.0 |
279.0 |
291.0 |
|
Total Plan Expected Return |
-1,150.0 |
-988.0 |
-1,441.0 |
-1,347.0 |
-1,251.0 |
Interim Income Statement
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Restated
Calculated |
Updated Normal |
Restated
Calculated |
Restated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
|
|
|
|
|
|
|
Net Sales |
9,086.0 |
8,672.0 |
9,041.0 |
8,627.0 |
7,926.0 |
|
Revenue |
9,086.0 |
8,672.0 |
9,041.0 |
8,627.0 |
7,926.0 |
|
Total Revenue |
9,086.0 |
8,672.0 |
9,041.0 |
8,627.0 |
7,926.0 |
|
|
|
|
|
|
|
|
Cost of Revenue |
6,664.0 |
6,424.0 |
7,143.0 |
6,551.0 |
5,967.0 |
|
Cost of Revenue, Total |
6,664.0 |
6,424.0 |
7,143.0 |
6,551.0 |
5,967.0 |
|
Gross Profit |
2,422.0 |
2,248.0 |
1,898.0 |
2,076.0 |
1,959.0 |
|
|
|
|
|
|
|
|
Selling/General/Administrative Expense |
1,248.0 |
1,232.0 |
1,317.0 |
1,179.0 |
1,110.0 |
|
Total Selling/General/Administrative Expenses |
1,248.0 |
1,232.0 |
1,317.0 |
1,179.0 |
1,110.0 |
|
Interest Expense -
Operating |
96.0 |
99.0 |
92.0 |
96.0 |
91.0 |
|
Interest Expense - Net Operating |
96.0 |
99.0 |
92.0 |
96.0 |
91.0 |
|
Interest Income -
Operating |
-14.0 |
-13.0 |
- |
- |
-7.0 |
|
Investment Income -
Operating |
-4.0 |
-1.0 |
- |
5.0 |
-12.0 |
|
Interest/Investment Income - Operating |
-18.0 |
-14.0 |
- |
5.0 |
-19.0 |
|
Interest Expense (Income) - Net Operating |
- |
- |
- |
9.0 |
- |
|
Interest Expense (Income) - Net Operating Total |
78.0 |
85.0 |
92.0 |
110.0 |
72.0 |
|
Loss (Gain) on Sale of Assets - Operating |
-2.0 |
-44.0 |
- |
0.0 |
0.0 |
|
Unusual Expense (Income) |
-2.0 |
-44.0 |
- |
0.0 |
0.0 |
|
Other, Net |
-2.0 |
29.0 |
-9.0 |
-89.0 |
10.0 |
|
Other Operating Expenses, Total |
-2.0 |
29.0 |
-9.0 |
-89.0 |
10.0 |
|
Total Operating Expense |
7,986.0 |
7,726.0 |
8,543.0 |
7,751.0 |
7,159.0 |
|
|
|
|
|
|
|
|
Operating Income |
1,100.0 |
946.0 |
498.0 |
876.0 |
767.0 |
|
|
|
|
|
|
|
|
Income Before Tax |
1,100.0 |
946.0 |
498.0 |
876.0 |
767.0 |
|
|
|
|
|
|
|
|
Total Income Tax |
304.0 |
256.0 |
129.0 |
264.0 |
209.0 |
|
Income After Tax |
796.0 |
690.0 |
369.0 |
612.0 |
558.0 |
|
|
|
|
|
|
|
|
Minority Interest |
0.0 |
-3.0 |
0.0 |
2.0 |
-8.0 |
|
Net Income Before Extraord Items |
796.0 |
687.0 |
369.0 |
614.0 |
550.0 |
|
Discontinued Operations |
14.0 |
18.0 |
- |
-16.0 |
16.0 |
|
Total Extraord Items |
14.0 |
18.0 |
- |
-16.0 |
16.0 |
|
Net Income |
810.0 |
705.0 |
369.0 |
598.0 |
566.0 |
|
|
|
|
|
|
|
|
Income Available to Common Excl Extraord Items |
796.0 |
687.0 |
369.0 |
614.0 |
550.0 |
|
|
|
|
|
|
|
|
Income Available to Common Incl Extraord Items |
810.0 |
705.0 |
369.0 |
598.0 |
566.0 |
|
|
|
|
|
|
|
|
Basic/Primary Weighted Average Shares |
785.0 |
785.4 |
782.3 |
757.8 |
769.6 |
|
Basic EPS Excl Extraord Items |
1.01 |
0.87 |
0.47 |
0.81 |
0.71 |
|
Basic/Primary EPS Incl Extraord Items |
1.03 |
0.90 |
0.47 |
0.79 |
0.74 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Diluted Net Income |
810.0 |
705.0 |
369.0 |
598.0 |
566.0 |
|
Diluted Weighted Average Shares |
797.3 |
797.7 |
792.0 |
759.3 |
777.3 |
|
Diluted EPS Excl Extraord Items |
1.00 |
0.86 |
0.47 |
0.81 |
0.71 |
|
Diluted EPS Incl Extraord Items |
1.02 |
0.88 |
0.47 |
0.79 |
0.73 |
|
Dividends per Share - Common Stock Primary Issue |
0.33 |
0.33 |
0.30 |
0.30 |
0.30 |
|
Interest Expense, Supplemental |
96.0 |
99.0 |
92.0 |
96.0 |
91.0 |
|
Depreciation, Supplemental |
176.0 |
177.0 |
271.0 |
302.0 |
182.0 |
|
Total Special Items |
92.0 |
89.0 |
118.0 |
337.0 |
127.0 |
|
Normalized Income Before Tax |
1,192.0 |
1,035.0 |
616.0 |
1,213.0 |
894.0 |
|
|
|
|
|
|
|
|
Effect of Special Items on Income Taxes |
25.4 |
24.1 |
30.6 |
101.6 |
34.6 |
|
Inc Tax Ex Impact of Sp Items |
329.4 |
280.1 |
159.6 |
365.6 |
243.6 |
|
Normalized Income After Tax |
862.6 |
754.9 |
456.4 |
847.4 |
650.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
862.6 |
751.9 |
456.4 |
849.4 |
642.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.10 |
0.96 |
0.58 |
1.12 |
0.83 |
|
Diluted Normalized EPS |
1.08 |
0.94 |
0.58 |
1.12 |
0.83 |
|
Amort of Intangibles, Supplemental |
60.0 |
65.0 |
- |
- |
59.0 |
|
Normalized EBIT |
1,270.0 |
1,120.0 |
708.0 |
1,323.0 |
966.0 |
|
Normalized EBITDA |
1,506.0 |
1,362.0 |
979.0 |
1,625.0 |
1,207.0 |
|
Interest Cost - Domestic |
191.0 |
190.0 |
- |
- |
195.0 |
|
Service Cost - Domestic |
53.0 |
63.0 |
- |
- |
51.0 |
|
Prior Service Cost - Domestic |
9.0 |
8.0 |
- |
- |
11.0 |
|
Expected Return on Assets - Domestic |
-254.0 |
-253.0 |
- |
- |
-226.0 |
|
Curtailments & Settlements - Domestic |
9.0 |
15.0 |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
8.0 |
23.0 |
- |
- |
31.0 |
|
Interest Cost - Foreign |
60.0 |
60.0 |
- |
- |
55.0 |
|
Service Cost - Foreign |
15.0 |
15.0 |
- |
- |
13.0 |
|
Prior Service Cost - Foreign |
-1.0 |
0.0 |
- |
- |
0.0 |
|
Expected Return on Assets - Foreign |
-72.0 |
-71.0 |
- |
- |
-59.0 |
|
Curtailments & Settlements - Foreign |
1.0 |
0.0 |
- |
- |
0.0 |
|
Transition Costs - Foreign |
1.0 |
0.0 |
- |
- |
0.0 |
|
Foreign Pension Plan Expense |
4.0 |
4.0 |
- |
- |
9.0 |
|
Interest Cost - Post-Retirement |
17.0 |
18.0 |
- |
- |
19.0 |
|
Service Cost - Post-Retirement |
0.0 |
1.0 |
- |
- |
0.0 |
|
Prior Service Cost - Post-Retirement |
-9.0 |
-13.0 |
- |
- |
-8.0 |
|
Actuarial Gains and Losses - Post-Retir. |
6.0 |
12.0 |
- |
- |
10.0 |
|
Curtailments & Settlements - Post-Retir. |
-61.0 |
0.0 |
- |
- |
-9.0 |
|
Post-Retirement Plan Expense |
-47.0 |
18.0 |
- |
- |
12.0 |
|
Total Pension Expense |
-35.0 |
45.0 |
- |
- |
52.0 |
|
Total Plan Interest Cost |
268.0 |
268.0 |
- |
- |
269.0 |
|
Total Plan Service Cost |
68.0 |
79.0 |
- |
- |
64.0 |
|
Total Plan Expected Return |
-326.0 |
-324.0 |
- |
- |
-285.0 |
Annual Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash & Equivalents |
2,650.0 |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
|
Short Term Investments |
458.0 |
381.0 |
299.0 |
367.0 |
470.0 |
|
Cash and Short Term Investments |
3,108.0 |
3,182.0 |
2,364.0 |
2,196.0 |
1,694.0 |
|
Accounts Receivable -
Trade, Gross |
6,698.0 |
6,183.0 |
5,893.0 |
6,070.0 |
5,373.0 |
|
Provision for Doubtful
Accounts |
-277.0 |
-235.0 |
-186.0 |
-181.0 |
-217.0 |
|
Trade Accounts Receivable - Net |
6,421.0 |
5,948.0 |
5,707.0 |
5,889.0 |
5,156.0 |
|
Other Receivables |
647.0 |
326.0 |
422.0 |
498.0 |
584.0 |
|
Total Receivables, Net |
7,068.0 |
6,274.0 |
6,129.0 |
6,387.0 |
5,740.0 |
|
Inventories - Finished Goods |
2,144.0 |
1,823.0 |
1,415.0 |
1,501.0 |
1,342.0 |
|
Inventories - Work In Progress |
810.0 |
796.0 |
952.0 |
870.0 |
808.0 |
|
Inventories - Raw Materials |
1,158.0 |
988.0 |
1,644.0 |
1,692.0 |
1,625.0 |
|
Inventories - Other |
-154.0 |
-161.0 |
-163.0 |
-202.0 |
-187.0 |
|
Total Inventory |
3,958.0 |
3,446.0 |
3,848.0 |
3,861.0 |
3,588.0 |
|
Deferred Income Tax - Current Asset |
877.0 |
1,034.0 |
922.0 |
1,241.0 |
1,215.0 |
|
Other Current Assets |
- |
- |
- |
- |
67.0 |
|
Other Current Assets, Total |
877.0 |
1,034.0 |
922.0 |
1,241.0 |
1,282.0 |
|
Total Current Assets |
15,011.0 |
13,936.0 |
13,263.0 |
13,685.0 |
12,304.0 |
|
|
|
|
|
|
|
|
Buildings |
3,194.0 |
3,134.0 |
2,904.0 |
2,653.0 |
2,464.0 |
|
Machinery/Equipment |
10,204.0 |
9,982.0 |
10,075.0 |
10,243.0 |
9,888.0 |
|
Construction in
Progress |
403.0 |
405.0 |
407.0 |
466.0 |
447.0 |
|
Property/Plant/Equipment - Gross |
13,801.0 |
13,521.0 |
13,386.0 |
13,362.0 |
12,799.0 |
|
Accumulated Depreciation |
-8,961.0 |
-8,674.0 |
-8,452.0 |
-8,377.0 |
-8,002.0 |
|
Property/Plant/Equipment - Net |
4,840.0 |
4,847.0 |
4,934.0 |
4,985.0 |
4,797.0 |
|
Goodwill, Net |
11,597.0 |
10,494.0 |
10,185.0 |
9,175.0 |
8,403.0 |
|
Intangibles - Gross |
4,137.0 |
3,519.0 |
3,348.0 |
2,404.0 |
1,983.0 |
|
Accumulated Intangible Amortization |
-1,563.0 |
-1,345.0 |
-1,081.0 |
-906.0 |
-736.0 |
|
Intangibles, Net |
2,574.0 |
2,174.0 |
2,267.0 |
1,498.0 |
1,247.0 |
|
LT Investments - Other |
413.0 |
262.0 |
670.0 |
500.0 |
382.0 |
|
Long Term Investments |
413.0 |
262.0 |
670.0 |
500.0 |
382.0 |
|
Note Receivable - Long Term |
203.0 |
317.0 |
- |
- |
- |
|
Pension Benefits - Overfunded |
- |
- |
62.0 |
1,256.0 |
695.0 |
|
Deferred Income Tax - Long Term Asset |
1,218.0 |
2,006.0 |
2,135.0 |
637.0 |
1,075.0 |
|
Other Long Term Assets |
1,978.0 |
1,957.0 |
1,974.0 |
2,069.0 |
2,038.0 |
|
Other Long Term Assets, Total |
3,196.0 |
3,963.0 |
4,171.0 |
3,962.0 |
3,808.0 |
|
Total Assets |
37,834.0 |
35,993.0 |
35,490.0 |
33,805.0 |
30,941.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
4,344.0 |
3,633.0 |
3,773.0 |
3,962.0 |
3,518.0 |
|
Accrued Expenses |
4,315.0 |
4,266.0 |
4,391.0 |
4,162.0 |
2,770.0 |
|
Notes Payable/Short Term Debt |
366.0 |
343.0 |
1,487.0 |
1,820.0 |
731.0 |
|
Current Portion - Long Term Debt/Capital Leases |
523.0 |
1,018.0 |
1,023.0 |
418.0 |
423.0 |
|
Customer Advances |
1,703.0 |
1,432.0 |
1,159.0 |
1,259.0 |
1,067.0 |
|
Income Taxes Payable |
466.0 |
455.0 |
456.0 |
320.0 |
418.0 |
|
Other Current Liabilities |
- |
- |
- |
- |
1,208.0 |
|
Other Current liabilities, Total |
2,169.0 |
1,887.0 |
1,615.0 |
1,579.0 |
2,693.0 |
|
Total Current Liabilities |
11,717.0 |
11,147.0 |
12,289.0 |
11,941.0 |
10,135.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
5,755.0 |
6,246.0 |
5,865.0 |
5,419.0 |
3,909.0 |
|
Total Long Term Debt |
5,755.0 |
6,246.0 |
5,865.0 |
5,419.0 |
3,909.0 |
|
Total Debt |
6,644.0 |
7,607.0 |
8,375.0 |
7,657.0 |
5,063.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
636.0 |
542.0 |
698.0 |
734.0 |
352.0 |
|
Deferred Income Tax |
636.0 |
542.0 |
698.0 |
734.0 |
352.0 |
|
Minority Interest |
121.0 |
110.0 |
82.0 |
- |
- |
|
Reserves |
86.0 |
85.0 |
90.0 |
93.0 |
92.0 |
|
Pension Benefits - Underfunded |
5,693.0 |
6,408.0 |
6,106.0 |
3,561.0 |
3,838.0 |
|
Other Long Term Liabilities |
3,160.0 |
2,594.0 |
3,173.0 |
2,835.0 |
2,895.0 |
|
Other Liabilities, Total |
8,939.0 |
9,087.0 |
9,369.0 |
6,489.0 |
6,825.0 |
|
Total Liabilities |
27,168.0 |
27,132.0 |
28,303.0 |
24,583.0 |
21,221.0 |
|
|
|
|
|
|
|
|
Common Stock |
958.0 |
958.0 |
958.0 |
958.0 |
958.0 |
|
Common Stock |
958.0 |
958.0 |
958.0 |
958.0 |
958.0 |
|
Additional Paid-In Capital |
3,977.0 |
3,823.0 |
3,994.0 |
4,014.0 |
3,845.0 |
|
Retained Earnings (Accumulated Deficit) |
15,097.0 |
14,023.0 |
16,250.0 |
14,273.0 |
12,563.0 |
|
Treasury Stock - Common |
-8,299.0 |
-8,995.0 |
-10,206.0 |
-9,479.0 |
-6,339.0 |
|
Other Comprehensive Income |
-1,067.0 |
-948.0 |
-3,809.0 |
-544.0 |
-1,307.0 |
|
Other Equity, Total |
-1,067.0 |
-948.0 |
-3,809.0 |
-544.0 |
-1,307.0 |
|
Total Equity |
10,666.0 |
8,861.0 |
7,187.0 |
9,222.0 |
9,720.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
37,834.0 |
35,993.0 |
35,490.0 |
33,805.0 |
30,941.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
783.0 |
764.2 |
734.6 |
746.6 |
800.6 |
|
Total Common Shares Outstanding |
783.0 |
764.2 |
734.6 |
746.6 |
800.6 |
|
Treasury Shares - Common Stock Primary Issue |
174.6 |
193.4 |
223.0 |
211.0 |
157.0 |
|
Employees |
130,000 |
122,000 |
128,000 |
122,000 |
118,000 |
|
Number of Common Shareholders |
61,830 |
64,617 |
66,634 |
69,767 |
74,473 |
|
Accumulated Intangible Amort, Suppl. |
1,563.0 |
1,345.0 |
1,081.0 |
906.0 |
736.0 |
|
Deferred Revenue - Current |
1,703.0 |
1,432.0 |
1,159.0 |
1,259.0 |
1,067.0 |
|
Deferred Revenue - Long Term |
94.0 |
106.0 |
120.0 |
69.0 |
56.0 |
|
Total Long Term Debt, Supplemental |
6,278.0 |
7,264.0 |
6,888.0 |
5,837.0 |
4,332.0 |
|
Long Term Debt Maturing within 1 Year |
523.0 |
1,018.0 |
1,023.0 |
418.0 |
423.0 |
|
Long Term Debt Maturing in Year 2 |
412.0 |
520.0 |
1,106.0 |
1,024.0 |
416.0 |
|
Long Term Debt Maturing in Year 3 |
610.0 |
406.0 |
536.0 |
1,121.0 |
511.0 |
|
Long Term Debt Maturing in Year 4 |
607.0 |
605.0 |
401.0 |
533.0 |
1,130.0 |
|
Long Term Debt Maturing in Year 5 |
1.0 |
606.0 |
605.0 |
401.0 |
526.0 |
|
Long Term Debt Maturing in 2-3 Years |
1,022.0 |
926.0 |
1,642.0 |
2,145.0 |
927.0 |
|
Long Term Debt Maturing in 4-5 Years |
608.0 |
1,211.0 |
1,006.0 |
934.0 |
1,656.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
4,125.0 |
4,109.0 |
3,217.0 |
2,340.0 |
1,326.0 |
|
Total Operating Leases, Supplemental |
1,353.0 |
1,213.0 |
1,292.0 |
1,185.0 |
1,078.0 |
|
Operating Lease Payments Due in Year 1 |
318.0 |
313.0 |
323.0 |
327.0 |
304.0 |
|
Operating Lease Payments Due in Year 2 |
245.0 |
245.0 |
243.0 |
233.0 |
222.0 |
|
Operating Lease Payments Due in Year 3 |
192.0 |
174.0 |
184.0 |
164.0 |
155.0 |
|
Operating Lease Payments Due in Year 4 |
145.0 |
125.0 |
127.0 |
120.0 |
100.0 |
|
Operating Lease Payments Due in Year 5 |
121.0 |
100.0 |
101.0 |
77.0 |
74.0 |
|
Operating Lease Pymts. Due in 2-3 Years |
437.0 |
419.0 |
427.0 |
397.0 |
377.0 |
|
Operating Lease Pymts. Due in 4-5 Years |
266.0 |
225.0 |
228.0 |
197.0 |
174.0 |
|
Oper. Lse. Pymts. Due in Year 6 & Beyond |
332.0 |
256.0 |
314.0 |
264.0 |
223.0 |
|
Pension Obligation - Domestic |
14,990.0 |
13,620.0 |
15,046.0 |
16,770.0 |
17,008.0 |
|
Pension Obligation - Foreign |
4,373.0 |
4,266.0 |
- |
- |
- |
|
Post-Retirement Obligation |
1,628.0 |
1,748.0 |
1,960.0 |
2,192.0 |
2,265.0 |
|
Plan Assets - Domestic |
12,181.0 |
10,306.0 |
11,520.0 |
17,194.0 |
16,578.0 |
|
Plan Assets - Foreign |
3,939.0 |
3,488.0 |
- |
- |
- |
|
Funded Status - Domestic |
-2,809.0 |
-3,314.0 |
-3,526.0 |
424.0 |
-430.0 |
|
Funded Status - Foreign |
-434.0 |
-778.0 |
- |
- |
- |
|
Funded Status - Post-Retirement |
-1,628.0 |
-1,748.0 |
-1,960.0 |
-2,192.0 |
-2,265.0 |
|
Accumulated Obligation - Domestic |
14,260.0 |
12,758.0 |
14,300.0 |
16,000.0 |
16,200.0 |
|
Accumulated Obligation - Foreign |
1,883.0 |
1,883.0 |
- |
- |
- |
|
Accumulated Obligation - Post-Retirement |
-1,628.0 |
-1,748.0 |
1,960.0 |
2,192.0 |
2,265.0 |
|
Total Funded Status |
-4,871.0 |
-5,840.0 |
-5,486.0 |
-1,768.0 |
-2,695.0 |
|
Discount Rate - Domestic |
5.25% |
5.75% |
6.95% |
6.50% |
6.00% |
|
Discount Rate - Post-Retirement |
4.70% |
5.25% |
6.00% |
5.90% |
5.70% |
|
Compensation Rate - Domestic |
4.50% |
4.50% |
4.50% |
4.00% |
4.00% |
|
Prepaid Benefits - Domestic |
135.0 |
58.0 |
62.0 |
1,231.0 |
685.0 |
|
Intangible Assets - Domestic |
- |
- |
- |
- |
0.0 |
|
Accrued Liabilities - Domestic |
-2,809.0 |
-3,314.0 |
-3,588.0 |
-807.0 |
-1,115.0 |
|
Accrued Liabilities - Foreign |
-569.0 |
-836.0 |
- |
- |
- |
|
Accrued Liabilities - Post-Retirement |
-1,628.0 |
-1,748.0 |
-1,960.0 |
-2,192.0 |
-2,265.0 |
|
Other Assets, Net - Domestic |
1,685.0 |
1,459.0 |
6,066.0 |
1,781.0 |
2,532.0 |
|
Other Assets, Net - Foreign |
302.0 |
302.0 |
- |
- |
- |
|
Other Assets, Net - Post-Retirement |
161.0 |
120.0 |
125.0 |
313.0 |
340.0 |
|
Net Assets Recognized on Balance Sheet |
-2,723.0 |
-3,959.0 |
705.0 |
326.0 |
177.0 |
|
Equity % - Domestic |
- |
- |
54.00% |
63.00% |
63.00% |
|
Debt Securities % - Domestic |
- |
- |
25.00% |
26.00% |
29.00% |
|
Real Estate % - Domestic |
- |
- |
9.00% |
6.00% |
5.00% |
|
Other Investments % - Domestic |
- |
- |
12.00% |
5.00% |
3.00% |
|
Total Plan Obligations |
20,991.0 |
19,634.0 |
17,006.0 |
18,962.0 |
19,273.0 |
|
Total Plan Assets |
16,120.0 |
13,794.0 |
11,520.0 |
17,194.0 |
16,578.0 |
Interim Balance Sheet
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
3,548.0 |
3,076.0 |
2,650.0 |
2,640.0 |
2,451.0 |
|
Short Term Investments |
545.0 |
582.0 |
455.0 |
593.0 |
1,460.0 |
|
Cash and Short Term Investments |
4,093.0 |
3,658.0 |
3,105.0 |
3,233.0 |
3,911.0 |
|
Accounts Receivable -
Trade, Gross |
6,961.0 |
6,853.0 |
6,471.0 |
6,546.0 |
6,164.0 |
|
Provision for Doubtful
Accounts |
-262.0 |
-263.0 |
-277.0 |
-276.0 |
-240.0 |
|
Trade Accounts Receivable - Net |
6,699.0 |
6,590.0 |
6,194.0 |
6,270.0 |
5,924.0 |
|
Other Receivables |
645.0 |
611.0 |
647.0 |
646.0 |
571.0 |
|
Total Receivables, Net |
7,344.0 |
7,201.0 |
6,841.0 |
6,916.0 |
6,495.0 |
|
Inventories - Finished Goods |
2,276.0 |
2,298.0 |
2,045.0 |
2,184.0 |
1,909.0 |
|
Inventories - Work In Progress |
861.0 |
858.0 |
792.0 |
852.0 |
807.0 |
|
Inventories - Raw Materials |
1,225.0 |
1,303.0 |
1,139.0 |
1,148.0 |
1,037.0 |
|
Inventories - Other |
-165.0 |
-169.0 |
-154.0 |
-157.0 |
-157.0 |
|
Total Inventory |
4,197.0 |
4,290.0 |
3,822.0 |
4,027.0 |
3,596.0 |
|
Deferred Income Tax - Current Asset |
926.0 |
882.0 |
877.0 |
987.0 |
922.0 |
|
Discontinued Operations - Current Asset |
826.0 |
- |
841.0 |
- |
- |
|
Other Current Assets, Total |
1,752.0 |
882.0 |
1,718.0 |
987.0 |
922.0 |
|
Total Current Assets |
17,386.0 |
16,031.0 |
15,486.0 |
15,163.0 |
14,924.0 |
|
|
|
|
|
|
|
|
Property/Plant/Equipment - Net |
4,718.0 |
4,832.0 |
4,724.0 |
4,738.0 |
4,535.0 |
|
Goodwill, Net |
11,492.0 |
11,805.0 |
11,275.0 |
11,529.0 |
10,315.0 |
|
Intangibles - Gross |
3,755.0 |
3,801.0 |
4,100.0 |
4,199.0 |
3,463.0 |
|
Accumulated Intangible Amortization |
-1,408.0 |
-1,345.0 |
-1,563.0 |
-1,488.0 |
-1,406.0 |
|
Intangibles, Net |
2,347.0 |
2,456.0 |
2,537.0 |
2,711.0 |
2,057.0 |
|
LT Investments - Other |
516.0 |
476.0 |
616.0 |
601.0 |
544.0 |
|
Long Term Investments |
516.0 |
476.0 |
616.0 |
601.0 |
544.0 |
|
Deferred Income Tax - Long Term Asset |
1,115.0 |
1,232.0 |
1,221.0 |
1,411.0 |
1,776.0 |
|
Other Long Term Assets |
2,076.0 |
2,070.0 |
1,975.0 |
1,966.0 |
1,940.0 |
|
Other Long Term Assets, Total |
3,191.0 |
3,302.0 |
3,196.0 |
3,377.0 |
3,716.0 |
|
Total Assets |
39,650.0 |
38,902.0 |
37,834.0 |
38,119.0 |
36,091.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
4,442.0 |
4,308.0 |
4,199.0 |
4,059.0 |
3,751.0 |
|
Accrued Expenses |
6,555.0 |
6,587.0 |
6,446.0 |
6,502.0 |
5,708.0 |
|
Notes Payable/Short Term Debt |
418.0 |
359.0 |
366.0 |
962.0 |
1,205.0 |
|
Current Portion - Long Term Debt/Capital Leases |
514.0 |
516.0 |
523.0 |
23.0 |
23.0 |
|
Discontinued Operations - Current Liability |
182.0 |
- |
190.0 |
- |
- |
|
Other Current liabilities, Total |
182.0 |
- |
190.0 |
- |
- |
|
Total Current Liabilities |
12,111.0 |
11,770.0 |
11,724.0 |
11,546.0 |
10,687.0 |
|
|
|
|
|
|
|
|
Long Term Debt |
6,790.0 |
6,763.0 |
5,755.0 |
6,265.0 |
6,254.0 |
|
Total Long Term Debt |
6,790.0 |
6,763.0 |
5,755.0 |
6,265.0 |
6,254.0 |
|
Total Debt |
7,722.0 |
7,638.0 |
6,644.0 |
7,250.0 |
7,482.0 |
|
|
|
|
|
|
|
|
Deferred Income Tax - LT Liability |
661.0 |
671.0 |
636.0 |
745.0 |
576.0 |
|
Deferred Income Tax |
661.0 |
671.0 |
636.0 |
745.0 |
576.0 |
|
Minority Interest |
112.0 |
120.0 |
121.0 |
136.0 |
120.0 |
|
Pension Benefits - Underfunded |
1,411.0 |
1,461.0 |
1,477.0 |
1,494.0 |
1,551.0 |
|
Other Long Term Liabilities |
6,493.0 |
6,427.0 |
7,455.0 |
7,603.0 |
7,895.0 |
|
Other Liabilities, Total |
7,904.0 |
7,888.0 |
8,932.0 |
9,097.0 |
9,446.0 |
|
Total Liabilities |
27,578.0 |
27,212.0 |
27,168.0 |
27,789.0 |
27,083.0 |
|
|
|
|
|
|
|
|
Common Stock |
958.0 |
958.0 |
958.0 |
958.0 |
958.0 |
|
Common Stock |
958.0 |
958.0 |
958.0 |
958.0 |
958.0 |
|
Additional Paid-In Capital |
4,089.0 |
4,036.0 |
3,977.0 |
3,929.0 |
3,913.0 |
|
Retained Earnings (Accumulated Deficit) |
16,085.0 |
15,538.0 |
15,097.0 |
18,130.0 |
17,867.0 |
|
Treasury Stock - Common |
-8,524.0 |
-8,155.0 |
-8,299.0 |
-8,405.0 |
-8,699.0 |
|
Other Comprehensive Income |
-536.0 |
-687.0 |
-1,067.0 |
-4,282.0 |
-5,031.0 |
|
Other Equity, Total |
-536.0 |
-687.0 |
-1,067.0 |
-4,282.0 |
-5,031.0 |
|
Total Equity |
12,072.0 |
11,690.0 |
10,666.0 |
10,330.0 |
9,008.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders’ Equity |
39,650.0 |
38,902.0 |
37,834.0 |
38,119.0 |
36,091.0 |
|
|
|
|
|
|
|
|
Shares Outstanding - Common Stock Primary
Issue |
782.4 |
787.0 |
783.0 |
780.2 |
772.2 |
|
Total Common Shares Outstanding |
782.4 |
787.0 |
783.0 |
780.2 |
772.2 |
|
Treasury Shares - Common Stock Primary Issue |
174.6 |
174.6 |
174.6 |
- |
- |
|
Accumulated Intangible Amort, Suppl. |
1,408.0 |
1,345.0 |
1,563.0 |
1,488.0 |
1,406.0 |
|
Total Long Term Debt, Supplemental |
7,304.0 |
7,279.0 |
6,278.0 |
6,288.0 |
6,277.0 |
|
Long Term Debt Maturing within 1 Year |
514.0 |
516.0 |
523.0 |
5.0 |
17.0 |
|
Long Term Debt Maturing in Year 2 |
14.0 |
11.0 |
412.0 |
529.0 |
519.0 |
|
Long Term Debt Maturing in Year 3 |
610.0 |
610.0 |
610.0 |
406.0 |
404.0 |
|
Long Term Debt Maturing in Year 4 |
607.0 |
607.0 |
607.0 |
606.0 |
605.0 |
|
Long Term Debt Maturing in Year 5 |
1.0 |
1.0 |
1.0 |
606.0 |
606.0 |
|
Long Term Debt Maturing in 2-3 Years |
624.0 |
621.0 |
1,022.0 |
935.0 |
923.0 |
|
Long Term Debt Maturing in 4-5 Years |
608.0 |
608.0 |
608.0 |
1,212.0 |
1,211.0 |
|
Long Term Debt Matur. in Year 6 & Beyond |
5,558.0 |
5,534.0 |
4,125.0 |
4,136.0 |
4,126.0 |
Annual Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate (Period
Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,083.0 |
|
Depreciation |
987.0 |
957.0 |
903.0 |
837.0 |
794.0 |
|
Depreciation/Depletion |
987.0 |
957.0 |
903.0 |
837.0 |
794.0 |
|
Deferred Taxes |
878.0 |
47.0 |
-1,120.0 |
332.0 |
450.0 |
|
Accounting Change |
- |
- |
- |
0.0 |
0.0 |
|
Unusual Items |
161.0 |
-267.0 |
-69.0 |
39.0 |
-76.0 |
|
Other Non-Cash Items |
29.0 |
1,211.0 |
3,308.0 |
162.0 |
172.0 |
|
Non-Cash Items |
190.0 |
944.0 |
3,239.0 |
201.0 |
96.0 |
|
Accounts Receivable |
-718.0 |
344.0 |
392.0 |
-467.0 |
-573.0 |
|
Inventories |
-310.0 |
479.0 |
-161.0 |
-183.0 |
-128.0 |
|
Other Assets |
14.0 |
-31.0 |
25.0 |
17.0 |
-11.0 |
|
Accounts Payable |
625.0 |
-167.0 |
-152.0 |
397.0 |
516.0 |
|
Accrued Expenses |
515.0 |
-175.0 |
-141.0 |
333.0 |
-16.0 |
|
Changes in Working Capital |
126.0 |
450.0 |
-37.0 |
97.0 |
-212.0 |
|
Cash from Operating Activities |
4,203.0 |
3,946.0 |
3,791.0 |
3,911.0 |
3,211.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-651.0 |
-609.0 |
-884.0 |
-767.0 |
-733.0 |
|
Capital Expenditures |
-651.0 |
-609.0 |
-884.0 |
-767.0 |
-733.0 |
|
Acquisition of Business |
-1,303.0 |
-468.0 |
-2,181.0 |
-1,150.0 |
-633.0 |
|
Sale of Business |
7.0 |
1.0 |
909.0 |
51.0 |
665.0 |
|
Sale of Fixed Assets |
14.0 |
31.0 |
53.0 |
98.0 |
87.0 |
|
Investment, Net |
112.0 |
1.0 |
18.0 |
6.0 |
0.0 |
|
Purchase of Investments |
-453.0 |
-24.0 |
-6.0 |
-20.0 |
0.0 |
|
Other Investing Cash Flow |
5.0 |
-65.0 |
68.0 |
0.0 |
0.0 |
|
Other Investing Cash Flow Items, Total |
-1,618.0 |
-524.0 |
-1,139.0 |
-1,015.0 |
119.0 |
|
Cash from Investing Activities |
-2,269.0 |
-1,133.0 |
-2,023.0 |
-1,782.0 |
-614.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
13.0 |
1.0 |
21.0 |
86.0 |
31.0 |
|
Financing Cash Flow Items |
13.0 |
1.0 |
21.0 |
86.0 |
31.0 |
|
Cash Dividends Paid - Common |
-944.0 |
-918.0 |
-811.0 |
-767.0 |
-744.0 |
|
Total Cash Dividends Paid |
-944.0 |
-918.0 |
-811.0 |
-767.0 |
-744.0 |
|
Sale/Issuance of
Common |
195.0 |
37.0 |
146.0 |
603.0 |
396.0 |
|
Repurchase/Retirement
of Common |
0.0 |
0.0 |
-1,459.0 |
-3,986.0 |
-1,896.0 |
|
Common Stock, Net |
195.0 |
37.0 |
-1,313.0 |
-3,383.0 |
-1,500.0 |
|
Issuance (Retirement) of Stock, Net |
195.0 |
37.0 |
-1,313.0 |
-3,383.0 |
-1,500.0 |
|
Short Term Debt, Net |
21.0 |
-1,654.0 |
-326.0 |
1,075.0 |
-310.0 |
|
Long Term Debt Issued |
0.0 |
1,488.0 |
1,487.0 |
1,885.0 |
1,239.0 |
|
Long Term Debt
Reduction |
-1,332.0 |
-1,106.0 |
-428.0 |
-470.0 |
-1,365.0 |
|
Long Term Debt, Net |
-1,332.0 |
382.0 |
1,059.0 |
1,415.0 |
-126.0 |
|
Issuance (Retirement) of Debt, Net |
-1,311.0 |
-1,272.0 |
733.0 |
2,490.0 |
-436.0 |
|
Cash from Financing Activities |
-2,047.0 |
-2,152.0 |
-1,370.0 |
-1,574.0 |
-2,649.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-38.0 |
75.0 |
-162.0 |
50.0 |
42.0 |
|
Net Change in Cash |
-151.0 |
736.0 |
236.0 |
605.0 |
-10.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
1,234.0 |
|
Net Cash - Ending Balance |
2,650.0 |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
|
Cash Interest Paid |
410.0 |
469.0 |
415.0 |
444.0 |
361.0 |
|
Cash Taxes Paid |
80.0 |
361.0 |
810.0 |
474.0 |
471.0 |
Interim Cash Flows
Standardized
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
|
|
|
|
|
|
|
Net Income/Starting Line |
1,515.0 |
705.0 |
2,022.0 |
1,353.0 |
1,055.0 |
|
Depreciation |
478.0 |
242.0 |
987.0 |
716.0 |
474.0 |
|
Depreciation/Depletion |
478.0 |
242.0 |
987.0 |
716.0 |
474.0 |
|
Deferred Taxes |
158.0 |
68.0 |
878.0 |
549.0 |
487.0 |
|
Unusual Items |
-26.0 |
-20.0 |
161.0 |
253.0 |
49.0 |
|
Other Non-Cash Items |
-849.0 |
-852.0 |
29.0 |
485.0 |
-109.0 |
|
Non-Cash Items |
-875.0 |
-872.0 |
190.0 |
738.0 |
-60.0 |
|
Accounts Receivable |
-537.0 |
-152.0 |
-718.0 |
-591.0 |
-188.0 |
|
Inventories |
-389.0 |
-342.0 |
-310.0 |
-377.0 |
-131.0 |
|
Other Assets |
-23.0 |
-22.0 |
14.0 |
-3.0 |
-3.0 |
|
Accounts Payable |
260.0 |
-19.0 |
625.0 |
354.0 |
97.0 |
|
Accrued Expenses |
108.0 |
-51.0 |
515.0 |
419.0 |
102.0 |
|
Changes in Working Capital |
-581.0 |
-586.0 |
126.0 |
-198.0 |
-123.0 |
|
Cash from Operating Activities |
695.0 |
-443.0 |
4,203.0 |
3,158.0 |
1,833.0 |
|
|
|
|
|
|
|
|
Purchase of Fixed Assets |
-289.0 |
-124.0 |
-651.0 |
-351.0 |
-185.0 |
|
Capital Expenditures |
-289.0 |
-124.0 |
-651.0 |
-351.0 |
-185.0 |
|
Acquisition of Business |
-8.0 |
-7.0 |
-1,303.0 |
-1,318.0 |
-996.0 |
|
Sale of Business |
215.0 |
217.0 |
7.0 |
0.0 |
0.0 |
|
Sale of Fixed Assets |
3.0 |
1.0 |
14.0 |
8.0 |
2.0 |
|
Sale/Maturity of Investment |
176.0 |
62.0 |
112.0 |
94.0 |
10.0 |
|
Purchase of Investments |
-229.0 |
-164.0 |
-453.0 |
-435.0 |
-311.0 |
|
Other Investing Cash Flow |
58.0 |
31.0 |
5.0 |
22.0 |
-12.0 |
|
Other Investing Cash Flow Items, Total |
215.0 |
140.0 |
-1,618.0 |
-1,629.0 |
-1,307.0 |
|
Cash from Investing Activities |
-74.0 |
16.0 |
-2,269.0 |
-1,980.0 |
-1,492.0 |
|
|
|
|
|
|
|
|
Other Financing Cash Flow |
30.0 |
13.0 |
13.0 |
5.0 |
4.0 |
|
Financing Cash Flow Items |
30.0 |
13.0 |
13.0 |
5.0 |
4.0 |
|
Cash Dividends Paid - Common |
-530.0 |
-264.0 |
-944.0 |
-704.0 |
-464.0 |
|
Total Cash Dividends Paid |
-530.0 |
-264.0 |
-944.0 |
-704.0 |
-464.0 |
|
Sale/Issuance of
Common |
200.0 |
101.0 |
195.0 |
111.0 |
55.0 |
|
Repurchase/Retirement
of Common |
-504.0 |
- |
0.0 |
- |
0.0 |
|
Common Stock, Net |
-304.0 |
101.0 |
195.0 |
111.0 |
55.0 |
|
Issuance (Retirement) of Stock, Net |
-304.0 |
101.0 |
195.0 |
111.0 |
55.0 |
|
Short Term Debt
Reduction |
- |
-9.0 |
- |
- |
- |
|
Short Term Debt, Net |
49.0 |
-8.0 |
21.0 |
617.0 |
862.0 |
|
Long Term Debt Issued |
1,384.0 |
1,381.0 |
0.0 |
0.0 |
0.0 |
|
Long Term Debt
Reduction |
-439.0 |
-437.0 |
-1,332.0 |
-1,330.0 |
-1,001.0 |
|
Long Term Debt, Net |
945.0 |
944.0 |
-1,332.0 |
-1,330.0 |
-1,001.0 |
|
Issuance (Retirement) of Debt, Net |
994.0 |
936.0 |
-1,311.0 |
-713.0 |
-139.0 |
|
Cash from Financing Activities |
190.0 |
786.0 |
-2,047.0 |
-1,301.0 |
-544.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
87.0 |
67.0 |
-38.0 |
-38.0 |
-147.0 |
|
Net Change in Cash |
898.0 |
426.0 |
-151.0 |
-161.0 |
-350.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,650.0 |
2,650.0 |
2,801.0 |
2,801.0 |
2,801.0 |
|
Net Cash - Ending Balance |
3,548.0 |
3,076.0 |
2,650.0 |
2,640.0 |
2,451.0 |
|
Cash Interest Paid |
- |
- |
410.0 |
- |
- |
|
Cash Taxes Paid |
- |
- |
80.0 |
- |
- |
Annual Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Restated Normal |
Reclassified
Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Product Sales |
26,262.0 |
23,914.0 |
29,212.0 |
27,805.0 |
25,165.0 |
|
Service Sales |
7,108.0 |
6,994.0 |
7,344.0 |
6,784.0 |
6,202.0 |
|
Total Revenue |
33,370.0 |
30,908.0 |
36,556.0 |
34,589.0 |
31,367.0 |
|
|
|
|
|
|
|
|
Selling, general and administrative expe |
4,717.0 |
4,443.0 |
5,130.0 |
4,565.0 |
4,199.0 |
|
Other (income) expense |
- |
- |
- |
7.0 |
8.0 |
|
Cost of products sold (A) |
20,701.0 |
19,317.0 |
25,610.0 |
21,629.0 |
19,177.0 |
|
Cost of services sold (A) |
4,818.0 |
4,695.0 |
5,508.0 |
4,671.0 |
4,447.0 |
|
Gain Sale Business |
0.0 |
-87.0 |
-635.0 |
-19.0 |
-30.0 |
|
Interest Income |
-40.0 |
-33.0 |
-102.0 |
-81.0 |
-94.0 |
|
Equity in Affiliate |
-29.0 |
-26.0 |
-63.0 |
-10.0 |
-13.0 |
|
Other, net |
-39.0 |
46.0 |
0.0 |
- |
- |
|
Foreign Exchange Loss |
13.0 |
45.0 |
52.0 |
34.0 |
18.0 |
|
Interest/Charges |
402.0 |
474.0 |
482.0 |
478.0 |
4.0 |
|
Interest Capitalized |
-16.0 |
-15.0 |
-26.0 |
-22.0 |
-22.0 |
|
Severance |
- |
- |
- |
- |
102.0 |
|
Asset Impairements |
- |
- |
- |
- |
15.0 |
|
Exit Costs |
- |
- |
- |
- |
7.0 |
|
Reserve Adjustment |
- |
- |
- |
- |
-22.0 |
|
Asbestos Related Litigation Charges |
- |
- |
- |
- |
126.0 |
|
Probable/Reasonable Estimable Environ. |
- |
- |
- |
- |
210.0 |
|
Business Impairment |
- |
- |
- |
- |
12.0 |
|
Other Unsusal Item |
- |
- |
- |
- |
51.0 |
|
Arbitration Award Related to Phenol |
- |
- |
- |
- |
-18.0 |
|
Total Operating Expense |
30,527.0 |
28,859.0 |
35,956.0 |
31,252.0 |
28,177.0 |
|
|
|
|
|
|
|
|
Net Income Before Taxes |
2,843.0 |
2,049.0 |
600.0 |
3,337.0 |
3,190.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Net Income After Taxes |
2,035.0 |
1,584.0 |
826.0 |
2,460.0 |
2,470.0 |
|
|
|
|
|
|
|
|
Minortiy Interest |
-13.0 |
-36.0 |
-20.0 |
-16.0 |
- |
|
Net Income Before Extra. Items |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,470.0 |
|
Income from Discontinued Operations |
- |
- |
- |
- |
5.0 |
|
Cumulative Effect of Accounting Change |
- |
- |
- |
- |
0.0 |
|
Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,470.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
773.5 |
752.6 |
736.8 |
764.5 |
820.8 |
|
Basic EPS Excluding ExtraOrdinary Items |
2.61 |
2.06 |
1.09 |
3.20 |
3.01 |
|
Basic EPS Including ExtraOrdinary Item |
2.61 |
2.06 |
1.09 |
3.20 |
3.02 |
|
Dilution Adjustment |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Diluted Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,475.0 |
|
Diluted Weighted Average Shares |
780.9 |
755.7 |
743.6 |
774.2 |
826.3 |
|
Diluted EPS Excluding ExtraOrd Items |
2.59 |
2.05 |
1.08 |
3.16 |
2.99 |
|
Diluted EPS Including ExtraOrd Items |
2.59 |
2.05 |
1.08 |
3.16 |
3.00 |
|
DPS-Common Stock |
1.21 |
1.21 |
1.10 |
1.00 |
0.91 |
|
Gross Dividends - Common Stock |
948.0 |
916.0 |
815.0 |
767.0 |
750.0 |
|
Normalized Income Before Taxes |
3,443.0 |
2,440.0 |
977.0 |
3,861.0 |
3,643.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
978.5 |
553.7 |
-94.1 |
1,014.7 |
822.2 |
|
Normalized Income After Taxes |
2,464.5 |
1,886.3 |
1,071.1 |
2,846.3 |
2,820.8 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
2,451.5 |
1,850.3 |
1,051.1 |
2,830.3 |
2,820.8 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
3.17 |
2.46 |
1.43 |
3.70 |
3.44 |
|
Diluted Normalized EPS |
3.14 |
2.45 |
1.41 |
3.66 |
3.41 |
|
Depreciation |
724.0 |
707.0 |
702.0 |
675.0 |
650.0 |
|
Research and Development |
1,466.0 |
1,330.0 |
1,543.0 |
1,459.0 |
1,411.0 |
|
Interest Expense |
386.0 |
459.0 |
456.0 |
456.0 |
374.0 |
|
Interest Capitalized |
-16.0 |
-15.0 |
-26.0 |
-22.0 |
-22.0 |
|
Amort of Intangibles |
263.0 |
250.0 |
201.0 |
162.0 |
144.0 |
|
Rental Expense |
373.0 |
371.0 |
383.0 |
365.0 |
341.0 |
|
U.S. |
-471.0 |
-27.0 |
493.0 |
249.0 |
-39.0 |
|
State |
8.0 |
21.0 |
70.0 |
64.0 |
26.0 |
|
Foreign |
393.0 |
424.0 |
331.0 |
232.0 |
283.0 |
|
Current Tax - Total |
-70.0 |
418.0 |
894.0 |
545.0 |
270.0 |
|
U.S. |
784.0 |
283.0 |
-939.0 |
225.0 |
376.0 |
|
State |
72.0 |
17.0 |
-145.0 |
4.0 |
49.0 |
|
Foreign |
22.0 |
-253.0 |
-36.0 |
103.0 |
25.0 |
|
Deferred Tax - Total |
878.0 |
47.0 |
-1,120.0 |
332.0 |
450.0 |
|
Income Tax - Total |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Domestic |
393.0 |
294.0 |
-521.0 |
542.0 |
412.0 |
|
Foreign |
415.0 |
171.0 |
295.0 |
335.0 |
308.0 |
|
Income Tax by Region - Total |
808.0 |
465.0 |
-226.0 |
877.0 |
720.0 |
|
Service Cost - Pension |
221.0 |
183.0 |
198.0 |
264.0 |
274.0 |
|
Interest Cost - Penison |
768.0 |
785.0 |
765.0 |
960.0 |
908.0 |
|
Expected Return on Assets - Pension |
-902.0 |
-767.0 |
-1,140.0 |
-1,347.0 |
-1,251.0 |
|
Amortization of transition asset |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Amort. of Prior Service Cost - Pension |
32.0 |
26.0 |
30.0 |
26.0 |
27.0 |
|
Recognized Actuarial Gain/Loss - Pension |
182.0 |
447.0 |
3,192.0 |
210.0 |
348.0 |
|
Curtailments & Settlements - Pension |
0.0 |
0.0 |
0.0 |
35.0 |
-13.0 |
|
Domestic Pension Plan Expense |
301.0 |
674.0 |
3,045.0 |
148.0 |
293.0 |
|
Service cost |
51.0 |
41.0 |
57.0 |
- |
- |
|
Interest cost |
228.0 |
208.0 |
244.0 |
- |
- |
|
Expected return on plan assets |
-248.0 |
-221.0 |
-301.0 |
- |
- |
|
Amortization of transition (asset) oblig |
1.0 |
1.0 |
1.0 |
- |
- |
|
Amortization of prior service cost (cre |
-1.0 |
-1.0 |
-1.0 |
- |
- |
|
Recognition of actuarial losses |
289.0 |
308.0 |
112.0 |
- |
- |
|
Settlements and curtailments |
4.0 |
0.0 |
18.0 |
- |
- |
|
Foreign Pension Plan Expense |
324.0 |
336.0 |
130.0 |
- |
- |
|
Service Cost - Post-Retirement |
2.0 |
6.0 |
13.0 |
15.0 |
17.0 |
|
Interest Cost - Post-Retirement |
81.0 |
104.0 |
122.0 |
128.0 |
122.0 |
|
Amort. of Prior Service Cost - Post-Ret. |
-44.0 |
-44.0 |
-43.0 |
-37.0 |
-40.0 |
|
Recognized Actuarial Gain/Loss - P-Ret. |
34.0 |
13.0 |
33.0 |
46.0 |
52.0 |
|
Curtailments & Settlements - Post-Ret. |
-47.0 |
-98.0 |
0.0 |
0.0 |
- |
|
Post-Retirement Plan Expense |
26.0 |
-19.0 |
125.0 |
152.0 |
151.0 |
|
Employee Savings Plan - U.S. |
105.0 |
158.0 |
220.0 |
199.0 |
179.0 |
|
Total Pension Expense |
756.0 |
1,149.0 |
3,520.0 |
499.0 |
623.0 |
|
Discount Rate - Pension |
5.75% |
6.95% |
6.50% |
6.00% |
5.75% |
|
Expected Rate of Return - Pension |
9.00% |
9.00% |
9.00% |
9.00% |
9.00% |
|
Compensation Rate - Pension |
4.50% |
4.50% |
4.50% |
4.00% |
4.00% |
|
Discount Rate - Foreign |
5.71% |
6.21% |
5.68% |
- |
- |
|
Expected Rate of Return - Foreign |
7.51% |
7.52% |
7.65% |
- |
- |
|
Compensation Rate - Foreign |
3.87% |
3.33% |
3.84% |
- |
- |
|
Discount Rate - Post-Retirement |
5.25% |
6.00% |
5.90% |
5.70% |
5.50% |
Interim Income Statement
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
3 Months |
3 Months |
3 Months |
3 Months |
3 Months |
|
UpdateType/Date |
Updated Normal |
Restated
Calculated |
Updated Normal |
Restated
Calculated |
Restated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
|
|
|
|
|
|
|
Product Sales |
7,146.0 |
6,813.0 |
7,214.0 |
6,817.0 |
6,184.0 |
|
Service Sales |
1,940.0 |
1,859.0 |
1,827.0 |
1,810.0 |
1,742.0 |
|
Total Revenue |
9,086.0 |
8,672.0 |
9,041.0 |
8,627.0 |
7,926.0 |
|
|
|
|
|
|
|
|
Cost of products sold |
5,425.0 |
5,194.0 |
5,891.0 |
5,340.0 |
4,783.0 |
|
Cost of services sold |
1,239.0 |
1,230.0 |
1,252.0 |
1,211.0 |
1,184.0 |
|
Selling, general and administrative expe |
1,248.0 |
1,232.0 |
1,317.0 |
1,179.0 |
1,110.0 |
|
Other (income) expense |
- |
- |
-9.0 |
-86.0 |
- |
|
Equity (income)/loss of affiliated compa |
-14.0 |
-9.0 |
- |
13.0 |
-9.0 |
|
Gain on sale of non-strategic businesses |
-2.0 |
-44.0 |
- |
0.0 |
0.0 |
|
Interest Income |
-14.0 |
-13.0 |
- |
- |
-7.0 |
|
Foreign Exchange |
10.0 |
8.0 |
- |
-8.0 |
-3.0 |
|
Other, net |
-2.0 |
29.0 |
- |
-3.0 |
10.0 |
|
Interest and other financial charges |
96.0 |
99.0 |
92.0 |
96.0 |
91.0 |
|
Interest Net |
- |
- |
- |
9.0 |
- |
|
Total Operating Expense |
7,986.0 |
7,726.0 |
8,543.0 |
7,751.0 |
7,159.0 |
|
|
|
|
|
|
|
|
Net Income Before Taxes |
1,100.0 |
946.0 |
498.0 |
876.0 |
767.0 |
|
|
|
|
|
|
|
|
Provision for Income Taxes |
304.0 |
256.0 |
129.0 |
264.0 |
209.0 |
|
Net Income After Taxes |
796.0 |
690.0 |
369.0 |
612.0 |
558.0 |
|
|
|
|
|
|
|
|
Less: Net income attributable to the non |
0.0 |
-3.0 |
0.0 |
2.0 |
-8.0 |
|
Net Income Before Extra. Items |
796.0 |
687.0 |
369.0 |
614.0 |
550.0 |
|
Net income from discontinued operations |
14.0 |
18.0 |
- |
-16.0 |
16.0 |
|
Net Income |
810.0 |
705.0 |
369.0 |
598.0 |
566.0 |
|
|
|
|
|
|
|
|
Income Available to Com Excl ExtraOrd |
796.0 |
687.0 |
369.0 |
614.0 |
550.0 |
|
|
|
|
|
|
|
|
Income Available to Com Incl ExtraOrd |
810.0 |
705.0 |
369.0 |
598.0 |
566.0 |
|
|
|
|
|
|
|
|
Basic Weighted Average Shares |
785.0 |
785.4 |
782.3 |
757.8 |
769.6 |
|
Basic EPS Excluding ExtraOrdinary Items |
1.01 |
0.87 |
0.47 |
0.81 |
0.71 |
|
Basic EPS Including ExtraOrdinary Item |
1.03 |
0.90 |
0.47 |
0.79 |
0.74 |
|
Dilution Adjustment |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Diluted Net Income |
810.0 |
705.0 |
369.0 |
598.0 |
566.0 |
|
Diluted Weighted Average Shares |
797.3 |
797.7 |
792.0 |
759.3 |
777.3 |
|
Diluted EPS Excluding ExtraOrd Items |
1.00 |
0.86 |
0.47 |
0.81 |
0.71 |
|
Diluted EPS Including ExtraOrd Items |
1.02 |
0.88 |
0.47 |
0.79 |
0.73 |
|
DPS-Common Stock |
0.33 |
0.33 |
0.30 |
0.30 |
0.30 |
|
Normalized Income Before Taxes |
1,192.0 |
1,035.0 |
616.0 |
1,213.0 |
894.0 |
|
|
|
|
|
|
|
|
Inc Tax Ex Impact of Sp Items |
329.4 |
280.1 |
159.6 |
365.6 |
243.6 |
|
Normalized Income After Taxes |
862.6 |
754.9 |
456.4 |
847.4 |
650.4 |
|
|
|
|
|
|
|
|
Normalized Inc. Avail to Com. |
862.6 |
751.9 |
456.4 |
849.4 |
642.4 |
|
|
|
|
|
|
|
|
Basic Normalized EPS |
1.10 |
0.96 |
0.58 |
1.12 |
0.83 |
|
Diluted Normalized EPS |
1.08 |
0.94 |
0.58 |
1.12 |
0.83 |
|
Depreciation |
176.0 |
177.0 |
271.0 |
302.0 |
182.0 |
|
Amort. of Intangibles |
60.0 |
65.0 |
- |
- |
59.0 |
|
Interest Expense |
96.0 |
99.0 |
92.0 |
96.0 |
91.0 |
|
Service Cost - Pension |
53.0 |
63.0 |
- |
- |
51.0 |
|
Interest Cost - Pension |
191.0 |
190.0 |
- |
- |
195.0 |
|
Expected Return on Assets - Pension |
-254.0 |
-253.0 |
- |
- |
-226.0 |
|
Amort. of Prior Service Cost - Pension |
9.0 |
8.0 |
- |
- |
11.0 |
|
Curtailments & Settlements - Pension |
9.0 |
15.0 |
- |
- |
0.0 |
|
Domestic Pension Plan Expense |
8.0 |
23.0 |
- |
- |
31.0 |
|
Service Cost - Foreign |
15.0 |
15.0 |
- |
- |
13.0 |
|
Interest Cost - Foreign |
60.0 |
60.0 |
- |
- |
55.0 |
|
Expected Return on Assets - Foreign |
-72.0 |
-71.0 |
- |
- |
-59.0 |
|
Transition Costs - Foreign |
1.0 |
0.0 |
- |
- |
0.0 |
|
Prior Service Cost - Foreign |
-1.0 |
0.0 |
- |
- |
0.0 |
|
Curtailments & Settlements - Foreign |
1.0 |
0.0 |
- |
- |
0.0 |
|
Foreign Pension Plan Expense |
4.0 |
4.0 |
- |
- |
9.0 |
|
Service Cost - Post-Retirement |
0.0 |
1.0 |
- |
- |
0.0 |
|
Interest Cost - Post-Retirement |
17.0 |
18.0 |
- |
- |
19.0 |
|
Amort. of Prior Service Cost - Post-Ret. |
-9.0 |
-13.0 |
- |
- |
-8.0 |
|
Recognized Actuarial Gain/Loss - P-Ret. |
6.0 |
12.0 |
- |
- |
10.0 |
|
Curtailments & Settlements - Post - Reti |
-61.0 |
0.0 |
- |
- |
-9.0 |
|
Post-Retirement Plan Expense |
-47.0 |
18.0 |
- |
- |
12.0 |
|
Total Pension Expense |
-35.0 |
45.0 |
- |
- |
52.0 |
Annual Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
UpdateType/Date |
Updated Normal |
Restated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Cash/Equivalents |
2,650.0 |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
|
Other |
458.0 |
381.0 |
299.0 |
367.0 |
470.0 |
|
Trade Receivables |
6,698.0 |
6,183.0 |
5,893.0 |
6,070.0 |
5,373.0 |
|
Other Receivables |
647.0 |
326.0 |
422.0 |
498.0 |
584.0 |
|
Allowance for Doubtful Accounts |
-277.0 |
-235.0 |
-186.0 |
-181.0 |
-217.0 |
|
Raw Materials |
1,158.0 |
988.0 |
1,644.0 |
1,692.0 |
1,625.0 |
|
Work in Process |
810.0 |
796.0 |
952.0 |
870.0 |
808.0 |
|
Finished Products |
2,144.0 |
1,823.0 |
1,415.0 |
1,501.0 |
1,342.0 |
|
Progress Payments |
- |
- |
-3.0 |
-3.0 |
-17.0 |
|
Reduction to LIFO Cost Basis |
-154.0 |
-161.0 |
-160.0 |
-199.0 |
-170.0 |
|
Drfd. Income Tax |
877.0 |
1,034.0 |
922.0 |
1,241.0 |
1,215.0 |
|
Assets for Disposal |
- |
- |
- |
- |
67.0 |
|
Total Current Assets |
15,011.0 |
13,936.0 |
13,263.0 |
13,685.0 |
12,304.0 |
|
|
|
|
|
|
|
|
Long-term financing receivables |
120.0 |
142.0 |
- |
- |
- |
|
Long-term trade and other receivables |
83.0 |
175.0 |
- |
- |
- |
|
Investments |
413.0 |
262.0 |
- |
- |
- |
|
Invest./LT Rcvbl |
- |
- |
670.0 |
500.0 |
382.0 |
|
Goodwill |
11,597.0 |
10,494.0 |
10,185.0 |
9,175.0 |
8,403.0 |
|
Other assets |
1,153.0 |
1,016.0 |
945.0 |
983.0 |
938.0 |
|
Land/Improvement |
525.0 |
513.0 |
475.0 |
409.0 |
408.0 |
|
Machine/Equip. |
10,204.0 |
9,982.0 |
10,075.0 |
10,243.0 |
9,888.0 |
|
Buildings |
2,669.0 |
2,621.0 |
2,429.0 |
2,244.0 |
2,056.0 |
|
Construction in Progress |
403.0 |
405.0 |
407.0 |
466.0 |
447.0 |
|
Depreciation |
-8,961.0 |
-8,674.0 |
-8,452.0 |
-8,377.0 |
-8,002.0 |
|
Patents & Technology |
1,101.0 |
1,053.0 |
1,030.0 |
965.0 |
801.0 |
|
Customer Relationships |
1,688.0 |
1,359.0 |
1,250.0 |
682.0 |
462.0 |
|
Trademarks |
186.0 |
164.0 |
164.0 |
192.0 |
101.0 |
|
Other Intangibles |
512.0 |
514.0 |
501.0 |
458.0 |
512.0 |
|
Trademarks with Indefinite Lives |
650.0 |
429.0 |
403.0 |
107.0 |
107.0 |
|
Amortization |
-1,563.0 |
-1,345.0 |
-1,081.0 |
-906.0 |
-736.0 |
|
Insurance Recov. |
825.0 |
941.0 |
1,029.0 |
1,086.0 |
1,100.0 |
|
Deferred income taxes |
1,218.0 |
2,006.0 |
2,135.0 |
637.0 |
1,075.0 |
|
Prepaid pension benefit cost |
- |
- |
62.0 |
1,256.0 |
695.0 |
|
Total Assets |
37,834.0 |
35,993.0 |
35,490.0 |
33,805.0 |
30,941.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
4,344.0 |
3,633.0 |
3,773.0 |
3,962.0 |
3,518.0 |
|
ST Borrowings |
67.0 |
45.0 |
56.0 |
64.0 |
62.0 |
|
Commercial Paper |
299.0 |
298.0 |
1,431.0 |
1,756.0 |
669.0 |
|
Current Portion of LTD |
523.0 |
1,018.0 |
1,023.0 |
418.0 |
423.0 |
|
Accrued liabilities |
4,315.0 |
4,266.0 |
4,391.0 |
4,162.0 |
2,770.0 |
|
Other |
- |
- |
- |
- |
1,200.0 |
|
Customer Advances & Deferred Income |
1,703.0 |
1,432.0 |
1,159.0 |
1,259.0 |
1,067.0 |
|
Income Taxes |
466.0 |
455.0 |
456.0 |
320.0 |
418.0 |
|
Liabilities-Assets for Disposal |
- |
- |
- |
- |
8.0 |
|
Total Current Liabilities |
11,717.0 |
11,147.0 |
12,289.0 |
11,941.0 |
10,135.0 |
|
|
|
|
|
|
|
|
LT Debt |
5,755.0 |
6,246.0 |
5,865.0 |
5,419.0 |
3,909.0 |
|
Total Long Term Debt |
5,755.0 |
6,246.0 |
5,865.0 |
5,419.0 |
3,909.0 |
|
|
|
|
|
|
|
|
Deferred Income Taxes |
636.0 |
542.0 |
698.0 |
734.0 |
352.0 |
|
Postretirement Benefit Obligations |
1,477.0 |
1,594.0 |
1,799.0 |
2,025.0 |
2,090.0 |
|
Other liabilities |
345.0 |
300.0 |
289.0 |
314.0 |
288.0 |
|
Asbestos Related |
1,557.0 |
1,040.0 |
1,538.0 |
1,405.0 |
1,262.0 |
|
Pension and other employee related |
4,216.0 |
4,814.0 |
4,307.0 |
1,536.0 |
1,748.0 |
|
Environmental |
425.0 |
465.0 |
603.0 |
488.0 |
580.0 |
|
Income taxes |
562.0 |
476.0 |
448.0 |
416.0 |
575.0 |
|
Insurance |
177.0 |
207.0 |
175.0 |
143.0 |
134.0 |
|
Asset retirement obligations |
86.0 |
85.0 |
90.0 |
93.0 |
92.0 |
|
Deferred income |
94.0 |
106.0 |
120.0 |
69.0 |
56.0 |
|
Noncontrolling interest |
121.0 |
110.0 |
82.0 |
- |
- |
|
Total Liabilities |
27,168.0 |
27,132.0 |
28,303.0 |
24,583.0 |
21,221.0 |
|
|
|
|
|
|
|
|
Capital - common stock issued |
958.0 |
958.0 |
958.0 |
958.0 |
958.0 |
|
Paid-In Capital |
3,977.0 |
3,823.0 |
3,994.0 |
4,014.0 |
3,845.0 |
|
Treasury Stock |
-8,299.0 |
-8,995.0 |
-10,206.0 |
-9,479.0 |
-6,339.0 |
|
Accumulated Other Comprehensive Income |
-1,067.0 |
-948.0 |
-3,809.0 |
-544.0 |
-1,307.0 |
|
Retained Erngs. |
15,097.0 |
14,023.0 |
16,250.0 |
14,273.0 |
12,563.0 |
|
Total Equity |
10,666.0 |
8,861.0 |
7,187.0 |
9,222.0 |
9,720.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
37,834.0 |
35,993.0 |
35,490.0 |
33,805.0 |
30,941.0 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
783.0 |
764.2 |
734.6 |
746.6 |
800.6 |
|
Total Common Shares Outstanding |
783.0 |
764.2 |
734.6 |
746.6 |
800.6 |
|
T/S-Common Stock |
174.6 |
193.4 |
223.0 |
211.0 |
157.0 |
|
Accumulated Intangible Amortization |
1,563.0 |
1,345.0 |
1,081.0 |
906.0 |
736.0 |
|
Deferred Revenues- Current |
1,703.0 |
1,432.0 |
1,159.0 |
1,259.0 |
1,067.0 |
|
Deferred Income - Long Term |
94.0 |
106.0 |
120.0 |
69.0 |
56.0 |
|
Full-Time Employees |
130,000 |
122,000 |
128,000 |
122,000 |
118,000 |
|
Number of Common Shareholders |
61,830 |
64,617 |
66,634 |
69,767 |
74,473 |
|
Long Term Debt Due Within 1 Year |
523.0 |
1,018.0 |
1,023.0 |
418.0 |
423.0 |
|
Long Term Debt Due Within 2 Years |
412.0 |
520.0 |
1,106.0 |
1,024.0 |
416.0 |
|
Long Term Debt Due Within 3 Years |
610.0 |
406.0 |
536.0 |
1,121.0 |
511.0 |
|
Long Term Debt Due Within 4 Years |
607.0 |
605.0 |
401.0 |
533.0 |
1,130.0 |
|
Long Term Debt Due Within 5 Years |
1.0 |
606.0 |
605.0 |
401.0 |
526.0 |
|
Long Term Debt Due Thereafter |
4,125.0 |
4,109.0 |
3,217.0 |
2,340.0 |
1,326.0 |
|
Total Long Term Debt, Supplemental |
6,278.0 |
7,264.0 |
6,888.0 |
5,837.0 |
4,332.0 |
|
Operating Leases - Within 1 Year |
318.0 |
313.0 |
323.0 |
327.0 |
304.0 |
|
Operating Leases - Within 2 Years |
245.0 |
245.0 |
243.0 |
233.0 |
222.0 |
|
Operating Leases - Within 3 Years |
192.0 |
174.0 |
184.0 |
164.0 |
155.0 |
|
Operating Leases - Within 4 Years |
145.0 |
125.0 |
127.0 |
120.0 |
100.0 |
|
Operating Leases - Within 5 Years |
121.0 |
100.0 |
101.0 |
77.0 |
74.0 |
|
Operating Leases - After 5 Years |
332.0 |
256.0 |
314.0 |
264.0 |
223.0 |
|
Total Operating Leases |
1,353.0 |
1,213.0 |
1,292.0 |
1,185.0 |
1,078.0 |
|
Projected Benefit Obligation - Pension |
14,990.0 |
13,620.0 |
15,046.0 |
16,770.0 |
17,008.0 |
|
Pension Obligation - Foreign |
4,373.0 |
4,266.0 |
- |
- |
- |
|
FV of Plan Assets - Pension |
12,181.0 |
10,306.0 |
11,520.0 |
17,194.0 |
16,578.0 |
|
Plan Assets - Foreign |
3,939.0 |
3,488.0 |
- |
- |
- |
|
Funded Status - Pension |
-2,809.0 |
-3,314.0 |
-3,526.0 |
424.0 |
-430.0 |
|
Funded Status - Foreign |
-434.0 |
-778.0 |
- |
- |
- |
|
Accumulated Benefit Obligation - Pension |
14,260.0 |
12,758.0 |
14,300.0 |
16,000.0 |
16,200.0 |
|
Accumulated Obligation - Foreign |
1,883.0 |
1,883.0 |
- |
- |
- |
|
Projected Benefit Obligation - Post-Ret. |
1,628.0 |
1,748.0 |
1,960.0 |
2,192.0 |
2,265.0 |
|
Funded Status - Post-Retirement |
-1,628.0 |
-1,748.0 |
-1,960.0 |
-2,192.0 |
-2,265.0 |
|
Accumulated Benefit Obligation - Post-Re |
-1,628.0 |
-1,748.0 |
1,960.0 |
2,192.0 |
2,265.0 |
|
Total Funded Status |
-4,871.0 |
-5,840.0 |
-5,486.0 |
-1,768.0 |
-2,695.0 |
|
Discount Rate - Pension |
5.25% |
5.75% |
6.95% |
6.50% |
6.00% |
|
Compensation Rate - Pension |
4.50% |
4.50% |
4.50% |
4.00% |
4.00% |
|
Discount Rate - Post-Retirement |
4.70% |
5.25% |
6.00% |
5.90% |
5.70% |
|
Prepaid Benefit Cost - Pension |
135.0 |
58.0 |
62.0 |
1,231.0 |
685.0 |
|
Intangible Assets - Pension |
- |
- |
- |
- |
0.0 |
|
Accrued Benefit Liability - Pension |
-2,809.0 |
-3,314.0 |
-3,588.0 |
-807.0 |
-1,115.0 |
|
Accrued Liabilities - Foreign |
-569.0 |
-836.0 |
- |
- |
- |
|
Additional Minimum Liability - Pension |
- |
- |
- |
- |
0.0 |
|
Other Comprehensive Inc./Loss - Pension |
- |
- |
- |
- |
0.0 |
|
Accrued Benefit Liability - Post-Ret. |
-197.0 |
-197.0 |
-197.0 |
-197.0 |
-197.0 |
|
Postretirement Benefit Obligations |
-1,431.0 |
-1,551.0 |
-1,763.0 |
-1,995.0 |
-2,068.0 |
|
AOCI-Transition Obligation - Pension |
9.0 |
11.0 |
11.0 |
12.0 |
11.0 |
|
AOCI-Prior Service Cost - Pension |
177.0 |
92.0 |
97.0 |
94.0 |
98.0 |
|
Other Assets, Net - Foreign |
-19.0 |
-19.0 |
- |
- |
- |
|
AOCI-Net Actuarial Loss - Pension |
1,499.0 |
1,356.0 |
5,958.0 |
1,675.0 |
2,423.0 |
|
Other Assets, Net - Foreign |
321.0 |
321.0 |
- |
- |
- |
|
AOCI-Prior Service Cost - Post-Ret. |
-264.0 |
-179.0 |
-140.0 |
-116.0 |
-146.0 |
|
AOCI-Net Actuarial Loss - Post-Ret. |
425.0 |
299.0 |
265.0 |
429.0 |
486.0 |
|
Net Assets Recognized on Balance Sheet |
-2,723.0 |
-3,959.0 |
705.0 |
326.0 |
177.0 |
|
Equity Securities % - Pension |
- |
- |
54.00% |
63.00% |
63.00% |
|
Debt Securities % - Pension |
- |
- |
25.00% |
26.00% |
29.00% |
|
Real Estate % - Pension |
- |
- |
9.00% |
6.00% |
5.00% |
|
Other % - Pension |
- |
- |
12.00% |
5.00% |
3.00% |
Interim Balance Sheet
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
|
|
|
|
|
|
|
Cash & Equivalents |
3,548.0 |
3,076.0 |
2,650.0 |
2,640.0 |
2,451.0 |
|
Drfd. Income Tax |
926.0 |
882.0 |
877.0 |
987.0 |
922.0 |
|
Investments and Other Current Assets |
545.0 |
582.0 |
455.0 |
593.0 |
1,460.0 |
|
Accounts Receivable Gross |
6,961.0 |
6,853.0 |
6,471.0 |
6,546.0 |
6,164.0 |
|
Other Receivables |
645.0 |
611.0 |
647.0 |
646.0 |
571.0 |
|
Doubtful Accounts |
-262.0 |
-263.0 |
-277.0 |
-276.0 |
-240.0 |
|
Raw Materials |
1,225.0 |
1,303.0 |
1,139.0 |
1,148.0 |
1,037.0 |
|
Work in Process |
861.0 |
858.0 |
792.0 |
852.0 |
807.0 |
|
Finished Products |
2,276.0 |
2,298.0 |
2,045.0 |
2,184.0 |
1,909.0 |
|
Reduction to LIFO Cost Basis |
-165.0 |
-169.0 |
-154.0 |
-157.0 |
-157.0 |
|
Assets held for sale |
826.0 |
- |
841.0 |
- |
- |
|
Total Current Assets |
17,386.0 |
16,031.0 |
15,486.0 |
15,163.0 |
14,924.0 |
|
|
|
|
|
|
|
|
Investments & LT Receivables |
516.0 |
476.0 |
616.0 |
601.0 |
544.0 |
|
Other assets |
1,274.0 |
1,245.0 |
1,150.0 |
1,136.0 |
1,086.0 |
|
Property, Net |
4,718.0 |
4,832.0 |
4,724.0 |
4,738.0 |
4,535.0 |
|
Goodwill |
11,492.0 |
11,805.0 |
11,275.0 |
11,529.0 |
10,315.0 |
|
Patents & Technologies |
1,122.0 |
1,096.0 |
1,101.0 |
1,130.0 |
1,052.0 |
|
Customer Relationships |
1,610.0 |
1,659.0 |
1,688.0 |
1,680.0 |
1,341.0 |
|
Trademarks |
266.0 |
243.0 |
186.0 |
404.0 |
95.0 |
|
Other Intangibles |
203.0 |
212.0 |
512.0 |
538.0 |
528.0 |
|
Trademarks-Indefinite Lives |
554.0 |
591.0 |
613.0 |
447.0 |
447.0 |
|
Accumulated Amortization |
-1,408.0 |
-1,345.0 |
-1,563.0 |
-1,488.0 |
-1,406.0 |
|
Insurance Recoveries |
802.0 |
825.0 |
825.0 |
830.0 |
854.0 |
|
Deferred income taxes |
1,115.0 |
1,232.0 |
1,221.0 |
1,411.0 |
1,776.0 |
|
Total Assets |
39,650.0 |
38,902.0 |
37,834.0 |
38,119.0 |
36,091.0 |
|
|
|
|
|
|
|
|
Accounts Payable |
4,442.0 |
4,308.0 |
4,199.0 |
4,059.0 |
3,751.0 |
|
ST Borrowings |
68.0 |
59.0 |
67.0 |
65.0 |
57.0 |
|
Commercial Paper |
350.0 |
300.0 |
299.0 |
897.0 |
1,148.0 |
|
Curr. Port. LTD |
514.0 |
516.0 |
523.0 |
23.0 |
23.0 |
|
Accrued Liabilities |
6,555.0 |
6,587.0 |
6,446.0 |
6,502.0 |
5,708.0 |
|
Liabilities related to assets held for s |
182.0 |
- |
190.0 |
- |
- |
|
Total Current Liabilities |
12,111.0 |
11,770.0 |
11,724.0 |
11,546.0 |
10,687.0 |
|
|
|
|
|
|
|
|
LT Debt |
6,790.0 |
6,763.0 |
5,755.0 |
6,265.0 |
6,254.0 |
|
Total Long Term Debt |
6,790.0 |
6,763.0 |
5,755.0 |
6,265.0 |
6,254.0 |
|
|
|
|
|
|
|
|
Deferred Income Taxes |
661.0 |
671.0 |
636.0 |
745.0 |
576.0 |
|
Postretirement Benefit Obligations |
1,411.0 |
1,461.0 |
1,477.0 |
1,494.0 |
1,551.0 |
|
Other Liabilities |
4,928.0 |
4,871.0 |
5,898.0 |
6,260.0 |
6,361.0 |
|
Asbestos Related |
1,565.0 |
1,556.0 |
1,557.0 |
1,343.0 |
1,534.0 |
|
Noncontrolling interest |
112.0 |
120.0 |
121.0 |
136.0 |
120.0 |
|
Total Liabilities |
27,578.0 |
27,212.0 |
27,168.0 |
27,789.0 |
27,083.0 |
|
|
|
|
|
|
|
|
Capital - common stock issued |
958.0 |
958.0 |
958.0 |
958.0 |
958.0 |
|
Additional Paid in Capital |
4,089.0 |
4,036.0 |
3,977.0 |
3,929.0 |
3,913.0 |
|
Common stock held in treasury, at cost |
-8,524.0 |
-8,155.0 |
-8,299.0 |
-8,405.0 |
-8,699.0 |
|
Accumulated Other |
-536.0 |
-687.0 |
-1,067.0 |
-4,282.0 |
-5,031.0 |
|
Reatined Earnings |
16,085.0 |
15,538.0 |
15,097.0 |
18,130.0 |
17,867.0 |
|
Total Equity |
12,072.0 |
11,690.0 |
10,666.0 |
10,330.0 |
9,008.0 |
|
|
|
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
39,650.0 |
38,902.0 |
37,834.0 |
38,119.0 |
36,091.0 |
|
|
|
|
|
|
|
|
S/O-Common Stock |
782.4 |
787.0 |
783.0 |
780.2 |
772.2 |
|
Total Common Shares Outstanding |
782.4 |
787.0 |
783.0 |
780.2 |
772.2 |
|
T/S-Common Stock |
174.6 |
174.6 |
174.6 |
- |
- |
|
Accumulated Intangible Amortization |
1,408.0 |
1,345.0 |
1,563.0 |
1,488.0 |
1,406.0 |
|
Long Term Debt-Within 1 Year |
514.0 |
516.0 |
523.0 |
5.0 |
17.0 |
|
Long Term Debt-Within 2 Years |
14.0 |
11.0 |
412.0 |
529.0 |
519.0 |
|
Long Term Debt-Within 3 Years |
610.0 |
610.0 |
610.0 |
406.0 |
404.0 |
|
Long Term Debt-Within 4 Years |
607.0 |
607.0 |
607.0 |
606.0 |
605.0 |
|
Long Term Debt-Within 5 Years |
1.0 |
1.0 |
1.0 |
606.0 |
606.0 |
|
Long Term Debt-Thereafter |
5,558.0 |
5,534.0 |
4,125.0 |
4,136.0 |
4,126.0 |
|
Total Long Term Debt, Supplemental |
7,304.0 |
7,279.0 |
6,278.0 |
6,288.0 |
6,277.0 |
Annual Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
UpdateType/Date |
Updated Normal |
Reclassified
Normal |
Reclassified
Normal |
Updated Normal |
Updated Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Auditor |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
PricewaterhouseCoopers
LLP |
|
Auditor Opinion |
Unqualified with
Explanation |
Unqualified |
Unqualified with
Explanation |
Unqualified |
Unqualified |
|
|
|
|
|
|
|
|
Net Income |
2,022.0 |
1,548.0 |
806.0 |
2,444.0 |
2,083.0 |
|
Depreciation |
987.0 |
957.0 |
903.0 |
837.0 |
794.0 |
|
Gain on sale of non strategic businesses |
0.0 |
-87.0 |
-635.0 |
- |
- |
|
Repositioning and other charges |
600.0 |
478.0 |
1,012.0 |
543.0 |
483.0 |
|
Payments for Repositioning |
-439.0 |
-658.0 |
-446.0 |
-504.0 |
-559.0 |
|
Pension & Benefits Expense |
689.0 |
1,022.0 |
3,334.0 |
322.0 |
459.0 |
|
Pension & Benefits Payments |
-787.0 |
-189.0 |
-214.0 |
-300.0 |
-353.0 |
|
Stock Option Expense |
164.0 |
118.0 |
128.0 |
65.0 |
77.0 |
|
Excess tax benefits from share based pay |
-13.0 |
-1.0 |
-21.0 |
-86.0 |
-31.0 |
|
Cumulative Effect of Accounting Change |
- |
- |
- |
0.0 |
0.0 |
|
Deferred Taxes |
878.0 |
47.0 |
-1,120.0 |
332.0 |
450.0 |
|
Other |
-24.0 |
261.0 |
81.0 |
161.0 |
20.0 |
|
Accounts Receivables |
-718.0 |
344.0 |
392.0 |
-467.0 |
-573.0 |
|
Inventories |
-310.0 |
479.0 |
-161.0 |
-183.0 |
-128.0 |
|
Other Cur. Assets |
14.0 |
-31.0 |
25.0 |
17.0 |
-11.0 |
|
Accounts Payable |
625.0 |
-167.0 |
-152.0 |
397.0 |
516.0 |
|
Accrued liabilities |
515.0 |
-175.0 |
-141.0 |
333.0 |
-16.0 |
|
Cash from Operating Activities |
4,203.0 |
3,946.0 |
3,791.0 |
3,911.0 |
3,211.0 |
|
|
|
|
|
|
|
|
Capital Expenditures |
-651.0 |
-609.0 |
-884.0 |
-767.0 |
-733.0 |
|
Proceeds from disposals of property, pla |
14.0 |
31.0 |
53.0 |
98.0 |
87.0 |
|
Acquisitions |
-1,303.0 |
-468.0 |
-2,181.0 |
-1,150.0 |
-633.0 |
|
Proceeds from sales of businesses,net of |
7.0 |
1.0 |
909.0 |
51.0 |
665.0 |
|
Other |
5.0 |
-65.0 |
68.0 |
0.0 |
0.0 |
|
Increase in investments |
-453.0 |
-24.0 |
-6.0 |
-20.0 |
0.0 |
|
Decrease in investments |
112.0 |
1.0 |
18.0 |
6.0 |
0.0 |
|
Cash from Investing Activities |
-2,269.0 |
-1,133.0 |
-2,023.0 |
-1,782.0 |
-614.0 |
|
|
|
|
|
|
|
|
Commercial Paper |
1.0 |
-1,133.0 |
-325.0 |
1,078.0 |
-86.0 |
|
ST Borrowings |
20.0 |
-521.0 |
-1.0 |
-3.0 |
-224.0 |
|
Issuance of Common |
195.0 |
37.0 |
146.0 |
603.0 |
396.0 |
|
Issuance LT Debt |
0.0 |
1,488.0 |
1,487.0 |
1,885.0 |
1,239.0 |
|
Payments LT Debt |
-1,006.0 |
-1,106.0 |
-428.0 |
-430.0 |
-1,019.0 |
|
Repurchases of common stock |
0.0 |
0.0 |
-1,459.0 |
-3,986.0 |
-1,896.0 |
|
Dividends Paid |
-944.0 |
-918.0 |
-811.0 |
-767.0 |
-744.0 |
|
Payments of debt assumed with acquisitio |
-326.0 |
0.0 |
0.0 |
-40.0 |
-346.0 |
|
Excess tax benefits from share based pay |
13.0 |
1.0 |
21.0 |
86.0 |
31.0 |
|
Cash from Financing Activities |
-2,047.0 |
-2,152.0 |
-1,370.0 |
-1,574.0 |
-2,649.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
-38.0 |
75.0 |
-162.0 |
50.0 |
42.0 |
|
Net Change in Cash |
-151.0 |
736.0 |
236.0 |
605.0 |
-10.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
1,234.0 |
|
Net Cash - Ending Balance |
2,650.0 |
2,801.0 |
2,065.0 |
1,829.0 |
1,224.0 |
|
Cash Interest Paid |
410.0 |
469.0 |
415.0 |
444.0 |
361.0 |
|
Cash Taxes Paid |
80.0 |
361.0 |
810.0 |
474.0 |
471.0 |
|
© 1983-2011
Reuters Research Inc. All Rights Reserved. |
|
|
Published by
OneSource Information Services, Inc., October, 2011. |
|
|
|
|
Interim Cash Flows
As Reported
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Jun-2011 |
31-Mar-2011 |
31-Dec-2010 |
30-Sep-2010 |
30-Jun-2010 |
|
Period Length |
6 Months |
3 Months |
12 Months |
9 Months |
6 Months |
|
UpdateType/Date |
Updated Normal |
Updated Normal |
Updated Normal |
Updated Normal |
Reclassified
Normal |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
|
|
|
|
|
|
|
Net Income |
1,515.0 |
705.0 |
2,022.0 |
1,353.0 |
1,055.0 |
|
Depreciation |
478.0 |
242.0 |
987.0 |
716.0 |
474.0 |
|
Gain on sale of non strategic businesses |
-46.0 |
-44.0 |
0.0 |
0.0 |
0.0 |
|
Repositioning and other charges |
227.0 |
133.0 |
600.0 |
482.0 |
270.0 |
|
Net (payments) receipts for repositionin |
-207.0 |
-109.0 |
-439.0 |
-229.0 |
-221.0 |
|
Pension and other postretirement expense |
32.0 |
54.0 |
689.0 |
600.0 |
92.0 |
|
Pension & Other Postretirement Payment |
-1,047.0 |
-1,037.0 |
-787.0 |
-136.0 |
-89.0 |
|
Stock Option Expense |
91.0 |
49.0 |
164.0 |
123.0 |
86.0 |
|
Deferred Taxes |
158.0 |
68.0 |
878.0 |
549.0 |
487.0 |
|
Excess tax benefits from share based pay |
-30.0 |
-13.0 |
-13.0 |
-5.0 |
-4.0 |
|
Other |
105.0 |
95.0 |
-24.0 |
-97.0 |
-194.0 |
|
Receivables |
-537.0 |
-152.0 |
-718.0 |
-591.0 |
-188.0 |
|
Inventories |
-389.0 |
-342.0 |
-310.0 |
-377.0 |
-131.0 |
|
Other Current Assets |
-23.0 |
-22.0 |
14.0 |
-3.0 |
-3.0 |
|
Accounts Payable |
260.0 |
-19.0 |
625.0 |
354.0 |
97.0 |
|
Accrued liabilities |
108.0 |
-51.0 |
515.0 |
419.0 |
102.0 |
|
Cash from Operating Activities |
695.0 |
-443.0 |
4,203.0 |
3,158.0 |
1,833.0 |
|
|
|
|
|
|
|
|
Capital Expenditures |
-289.0 |
-124.0 |
-651.0 |
-351.0 |
-185.0 |
|
Proceeds from disposals of property, pla |
3.0 |
1.0 |
14.0 |
8.0 |
2.0 |
|
Increase Investments |
-229.0 |
-164.0 |
-453.0 |
-435.0 |
-311.0 |
|
Decrease in investments |
176.0 |
- |
112.0 |
94.0 |
10.0 |
|
Acquisitions |
-8.0 |
-7.0 |
-1,303.0 |
-1,318.0 |
-996.0 |
|
Proceeds from sales of businesses, net o |
215.0 |
217.0 |
7.0 |
0.0 |
0.0 |
|
Other |
58.0 |
31.0 |
5.0 |
22.0 |
-12.0 |
|
Decrease in investments & LT receivables |
- |
62.0 |
- |
- |
- |
|
Cash from Investing Activities |
-74.0 |
16.0 |
-2,269.0 |
-1,980.0 |
-1,492.0 |
|
|
|
|
|
|
|
|
Commercial Paper |
51.0 |
1.0 |
1.0 |
599.0 |
850.0 |
|
Net decrease in short-term borrowings |
- |
-9.0 |
- |
- |
- |
|
Net (decrease)/increase in short-term bo |
-2.0 |
- |
20.0 |
18.0 |
12.0 |
|
Common Issuance |
200.0 |
101.0 |
195.0 |
111.0 |
55.0 |
|
Proceeds from issuance of long-term debt |
1,384.0 |
1,381.0 |
0.0 |
0.0 |
0.0 |
|
LT Debt Payments |
-439.0 |
-437.0 |
-1,006.0 |
-1,004.0 |
-1,001.0 |
|
Excess tax benefits from share based pay |
30.0 |
13.0 |
13.0 |
5.0 |
4.0 |
|
Dividends Paid |
-530.0 |
-264.0 |
-944.0 |
-704.0 |
-464.0 |
|
Repurchases of common stock |
-504.0 |
- |
0.0 |
- |
0.0 |
|
Payment of debt assumed with acquisition |
- |
- |
-326.0 |
-326.0 |
- |
|
Cash from Financing Activities |
190.0 |
786.0 |
-2,047.0 |
-1,301.0 |
-544.0 |
|
|
|
|
|
|
|
|
Foreign Exchange Effects |
87.0 |
67.0 |
-38.0 |
-38.0 |
-147.0 |
|
Net Change in Cash |
898.0 |
426.0 |
-151.0 |
-161.0 |
-350.0 |
|
|
|
|
|
|
|
|
Net Cash - Beginning Balance |
2,650.0 |
2,650.0 |
2,801.0 |
2,801.0 |
2,801.0 |
|
Net Cash - Ending Balance |
3,548.0 |
3,076.0 |
2,650.0 |
2,640.0 |
2,451.0 |
|
Cash Interest Paid |
- |
- |
410.0 |
- |
- |
|
Cash Taxes Paid |
- |
- |
80.0 |
- |
- |
Geographic Segments
Financials in: As Reported (mil)
|
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Business Segments
Financials in: As Reported (mil)
|
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