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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS
—(Continued)
(Dollars in millions, except per share amounts)
The following table summarizes information about RSU activity for the three years ended December 31, 2015:
As of December 31, 2015, there was approximately $185 million of total unrecognized compensation cost related to non-
vested RSUs granted under our stock plans which is expected to be recognized over a weighted-average period of 3.37
years.
The following table summarizes information about income statement impact from RSUs for the three years ended
December 31, 2015:
Note 19. Commitments and Contingencies
Environmental Matters
We are subject to various federal, state, local and foreign government requirements relating to the protection of the
environment. We believe that, as a general matter, our policies, practices and procedures are properly designed to prevent
unreasonable risk of environmental damage and personal injury and that our handling, manufacture, use and disposal of
hazardous substances are in accordance with environmental and safety laws and regulations. However, mainly because of
past operations and operations of predecessor companies, we, like other companies engaged in similar businesses, have
incurred remedial response and voluntary cleanup costs for site contamination and are a party to lawsuits and claims
associated with environmental and safety matters, including past production of products containing hazardous substances.
Additional lawsuits, claims and costs involving environmental matters are likely to continue to arise in the future.
With respect to environmental matters involving site contamination, we continually conduct studies, individually or jointly
with other potentially responsible parties, to determine the feasibility of various remedial techniques. It is our policy to record
appropriate liabilities for environmental matters when remedial efforts or damage claim payments are probable and the costs
can be reasonably estimated. Such liabilities are based on our best estimate of the undiscounted future costs required to
complete the remedial work. The recorded liabilities are adjusted periodically as remediation efforts
59
Number of
Restricted
Stock Units
Weighted
Average
Grant Date
Fair Value
Per Share
Non
-vested at December 31, 2012
8,095,739
$
49.91
Granted
1,904,504
75.73
Vested
(2,995,553
)
42.17
Forfeited
(312,470
)
56.58
Non
-vested at December 31, 2013
6,692,220
60.04
Granted
1,455,209
94.88
Vested
(1,787,894
)
53.63
Forfeited
(460,341
)
63.54
Non
-vested at December 31, 2014
5,899,194
70.32
Granted
1,190,406
103.04
Vested
(1,681,342
)
56.38
Forfeited
(426,670
)
77.73
Non
-vested at December 31, 2015
4,981,588
$
82.18
Years Ended December 31,
2015
2014
2013
Compensation expense
$
97
$
102
$
100
Future income tax benefit recognized
29
37
35