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HONEYWELL INTERNATIONAL INC.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
2013 2012 2011
Years Ended December 31,
(Dollars in millions)
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,962 $2,931 $ 2,074
Other comprehensive income (loss), net of tax
Foreign exchange translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . (52) 282 (146)
Actuarial gains (losses). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,064 (839) (1,317)
Prior service credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 9 10
Prior service cost (credit) recognized during year . . . . . . . . . . . . . . . . . . 5 6 (1)
Actuarial losses recognized during year . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 649 1,171
Transition obligation recognized during year . . . . . . . . . . . . . . . . . . . . . . . 2 2 2
Settlements and curtailments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (26) (2) (107)
Foreign exchange translation and other . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) (23) 33
Pensions and other postretirement benefit adjustments. . . . . . . . . . . . . . . . . 2,203 (198) (209)
Unrealized gains (losses) for the period . . . . . . . . . . . . . . . . . . . . . . . . . . . 140 (6) 12
Less: reclassification adjustment for gains included in net income . . 127 — —
Changes in fair value of available for sale investments. . . . . . . . . . . . . . . . . 13 (6) 12
Effective portion of cash flow hedges recognized in other
comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (30) 14 (48)
Less: reclassification adjustment for losses included in net income . (23) (13) (14)
Changes in fair value of effective cash flow hedges. . . . . . . . . . . . . . . . . . . . (7) 27 (34)
Other comprehensive income (loss), net of tax . . . . . . . . . . . . . . . . . . . . . . . . 2,157 105 (377)
Comprehensive income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,119 3,036 1,697
Less: Comprehensive income attributable to the noncontrolling
interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 5 3
Comprehensive income attributable to Honeywell . . . . . . . . . . . . . . . . . . . . . . $6,083 $3,031 $ 1,694
The Notes to Financial Statements are an integral part of this statement.
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