XML 64 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Sep. 30, 2013
Commitments And Contingencies [Abstract]  
Loss Contingency
  December 31, 2012$ 654    
  Accruals for environmental matters deemed      
   probable and reasonably estimable  161    
  Environmental liability payments  (183)    
  Other  20    
  September 30, 2013$ 652    
         
Environmental liabilities are included in the following balance sheet accounts:
         
 Environmental liabilities are included in the following balance sheet accounts: 
         
    September 30,  December 31, 
    2013  2012 
  Accrued liabilities$304 $304 
  Other liabilities 348  350 
   $652 $654 
Asbestos Related Liabilities
 Asbestos Related Liabilities       
   Bendix NARCO Total
        
 December 31, 2012$ 653$ 1,119$ 1,772
  Accrual for update to estimated liability  152  4  156
  Asbestos related liability payments  (125)  (138)  (263)
        
 September 30, 2013$ 680$ 985$ 1,665
        
        
Insurance Recoveries for Asbestos Related Liabilities
 Insurance Recoveries for Asbestos Related Liabilities       
   Bendix NARCO Total
        
 December 31, 2012$ 138$ 569$ 707
  Probable insurance recoveries related to       
  estimated liability  21  -  21
  Insurance receivables settlements  -  2  2
  Insurance receipts for asbestos related liabilities  (11)  (26)  (37)
  Other  -  4  4
        
 September 30, 2013$ 148$ 549$ 697
        
NARCO and Bendix asbestos related balances are included in the following balance sheet accounts
 NARCO and Bendix asbestos related balances are included in the following balance sheet accounts:
         
   September 30,  December 31,  
   2013  2012  
         
 Other current assets$ 44 $ 44  
 Insurance recoveries for asbestos related liabilities   653   663  
         
  $ 697 $ 707  
         
 Accrued liabilities$ 576 $ 480  
 Asbestos related liabilities  1,089   1,292  
         
  $ 1,665 $ 1,772  
         
    
The following tables present information regarding Bendix related asbestos claims activity
 Nine Months EndedYear Ended 
 September 30,December 31, 
Claims Activity 2013 2012 2011 
        
Claims Unresolved at the beginning of period 23,141 22,571 22,480 
Claims Filed during the period  3,204 3,920 3,592 
Claims Resolved during the period(a) (7,279) (3,350) (3,501) 
        
Claims Unresolved at the end of period 19,066 23,141 22,571 
        
(a) The number of claims resolved during the nine months ended September 30, 2013 includes significantly aged (i.e., pending for more than six years) claims. The number of claims resolved in 2012 includes approximately 288 claims previously classified as inactive (85% non-malignant and accrued liability of approximately $1.3 million) which were activated during 2012. The number of claims resolved in 2011 includes approximately 351 claims previously classified as inactive (82% non-malignant and accrued liability of approximately $1.7 million) which were activated during 2011.
 
        
Disease distribution of claims
     
Disease Distribution of Unresolved Claims September 30,  December 31,
  2013 2012 2011
       
Mesothelioma and Other Cancer Claims  5,978  5,367  4,943
Nonmalignant Claims  13,088  17,774  17,628
       
Total Claims  19,066  23,141  22,571
       
Average resolution values per asbestos claim
 Honeywell has experienced average resolution values per claim excluding legal costs as follows:  
            
        Year Ended December 31,       
   2012 2011 2010 2009 2008
            
   (in whole dollars)  
Malignant claims$ 49,000$ 48,000$ 54,000$ 50,000$ 65,000
Nonmalignant claims$ 1,400$ 1,000$ 1,300$ 200$ 1,500