Honeywell 2015 Annual Report Download - page 47

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS
—(Continued)
(Dollars in millions, except per share amounts)
Note 4. Other (income) expense
Note 5. Income Taxes
Income from continuing operations before taxes
Tax expense (benefit)
43
Years Ended December 31,
2015
2014
2013
Equity (income) loss of affiliated companies
$
(30
)
$
(36
)
$
(36
)
Gain on sale of available for sale investments
—
(221
)
(195
)
Loss on sale of non-strategic businesses and assets
1
11
20
Interest income
(104
)
(102
)
(69
)
Foreign exchange
43
34
34
Other, net
22
9
8
$
(68
)
$
(305
)
$
(238
)
Years Ended December 31,
2015
2014
2013
U.S.
$
3,361
$
3,340
$
3,002
Non
-
U.S.
3,225
2,478
2,410
$
6,586
$
5,818
$
5,412
Years Ended December 31,
2015
2014
2013
Tax expense (benefit) consists of
Current:
U.S. Federal
$
786
$
746
$
663
U.S. State
78
39
97
Non
-
U.S.
560
572
428
$
1,424
$
1,357
$
1,188
Deferred:
U.S. Federal
$
196
$
114
$
160
U.S. State
49
63
72
Non
-
U.S.
70
(45
)
30
315
132
262
$
1,739
$
1,489
$
1,450