XML 80 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Net income $ 3,354,000,000 $ 2,998,000,000
Less: Net income attributable to the noncontrolling interest 71,000,000 21,000,000
Net income attributable to Honeywell 3,283,000,000 2,977,000,000
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:    
Depreciation and amortization 698,000,000 740,000,000
Loss on sale of non-strategic businesses and assets 11,000,000 0
Gain on sale of available for sale investments (105,000,000) 0
Repositioning and other charges 453,000,000 419,000,000
Net payments for repositioning and other charges (301,000,000) (517,000,000)
Pension and other postretirement income (150,000,000) (61,000,000)
Pension and other postretirement benefit payments (123,000,000) (253,000,000)
Stock compensation expense 143,000,000 129,000,000
Deferred income taxes 255,000,000 257,000,000
Excess tax benefits from share based payment arrangements (71,000,000) (101,000,000)
Other (207,000,000) 35,000,000
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts, notes and other receivables (529,000,000) (382,000,000)
Inventories (279,000,000) (94,000,000)
Other current assets 181,000,000 (28,000,000)
Accounts payable 154,000,000 (32,000,000)
Accrued liabilities (151,000,000) (422,000,000)
Net cash provided by operating activities 3,262,000,000 2,667,000,000
Cash flows from investing activities:    
Expenditures for property, plant and equipment (680,000,000) (547,000,000)
Proceeds from disposals of property, plant and equipment 12,000,000 7,000,000
Increase in investments (3,139,000,000) (703,000,000)
Decrease in investments 2,124,000,000 648,000,000
Cash paid for acquisitions, net of cash acquired (4,000,000) (1,063,000,000)
Proceeds from sales of businesses, net of fees paid 157,000,000 0
Other (109,000,000) 104,000,000
Net cash used for investing activities (1,639,000,000) (1,554,000,000)
Cash flows from financing activities:    
Net increase in commercial paper 550,000,000 1,699,000,000
Net (decrease) increase in short-term borrowings (5,000,000) 18,000,000
Proceeds from issuance of common stock 206,000,000 362,000,000
Proceeds from issuance of long-term debt 79,000,000 27,000,000
Payments of long-term debt (607,000,000) (604,000,000)
Excess tax benefits from share based payment arrangements 71,000,000 101,000,000
Repurchases of common stock (689,000,000) (769,000,000)
Cash dividends paid (1,101,000,000) (995,000,000)
Other (7,000,000) 28,000,000
Net cash used for financing activities (1,503,000,000) (133,000,000)
Effect of foreign exchange rate changes on cash and cash equivalents (114,000,000) (115,000,000)
Net increase in cash and cash equivalents 6,000,000 865,000,000
Cash and cash equivalents at beginning of period 6,422,000,000 4,634,000,000
Cash and cash equivalents at end of period $ 6,428,000,000 $ 5,499,000,000