Honeywell 2015 Annual Report Download - page 54

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS
—(Continued)
(Dollars in millions, except per share amounts)
Note 12. Long-term Debt and Credit Agreements
The schedule of principal payments on long-term debt is as follows:
On July 10, 2015, the Company entered into a $4 billion Amended and Restated Five Year Credit Agreement (Credit
Agreement) with a syndicate of banks. Commitments under the Credit Agreement can be increased pursuant to the terms of
the Credit Agreement to an aggregate amount not to exceed $4.5 billion. The Credit Agreement amends and restates the
previous $4 billion five year credit agreement with substantially the same material terms and conditions. A full description of
the Credit Agreement can be found in the Company
’
s Current Report on Form 8-K, dated July 10, 2015.
On September 30, 2015, the Company entered into a $3 billion 364-Day Credit Agreement (364-Day Credit Agreement)
with a syndicate of banks. The 364-Day Credit Agreement is maintained for general corporate purposes including the Elster
acquisition. A full description of the 364-Day Credit Agreement can be found in the Company
’
s Current Report on Form 8-K,
dated October 1, 2015.
50
December 31,
2015
2014
Floating rate notes due 2015
$
—
$
700
5.40% notes due 2016
400
400
5.30% notes due 2017
400
400
5.30% notes due 2018
900
900
5.00% notes due 2019
900
900
4.25% notes due 2021
800
800
3.35% notes due 2023
300
300
5.70% notes due 2036
550
550
5.70% notes due 2037
600
600
5.375% notes due 2041
600
600
Industrial development bond obligations, floating rate maturing at various dates
through 2037
30
30
6.625% debentures due 2028
216
216
9.065% debentures due 2033
51
51
Other (including capitalized leases and debt issuance costs), 0.6%-9.5%
maturing at various dates through 2023
384
538
6,131
6,985
Less: current portion
(577
)
(939
)
$
5,554
$
6,046
December 31,
2015
2016
$
577
2017
490
2018
910
2019
902
2020
2
Thereafter
3,250
6,131
Less-current portion
(577
)
$
5,554