Honeywell 2015 Annual Report Download - page 7

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damage is, however, inherent in some of our operations and products, as it is with other companies engaged in similar
businesses.
We are and have been engaged in the handling, manufacture, use and disposal of many substances classified as
hazardous by one or more regulatory agencies. 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 these substances are in accord with environmental and safety laws and regulations. It is
also possible that future knowledge or other developments, such as improved capability to detect substances in the
environment or increasingly strict environmental laws and standards and enforcement policies, could bring into question our
current or past handling, manufacture, use or disposal of these substances.
Among other environmental requirements, we are subject to the federal Superfund and similar state and foreign laws
and regulations, under which we have been designated as a potentially responsible party that may be liable for cleanup
costs associated with current and former operating sites and various hazardous waste sites, some of which are on the U.S.
Environmental Protection Agency
’
s National Priority List. Although there is a possibility that a responsible party might have
to bear more than its proportional share of the cleanup costs if it is unable to obtain appropriate contribution from other
responsible parties, to date we have not had to bear significantly more than our proportional share in multi-party situations
taken as a whole.
We do not believe that existing or pending climate change legislation, regulation, or international treaties or accords are
reasonably likely to have a material effect in the foreseeable future on the Company
’
s business or markets that it serves,
nor on its results of operations, capital expenditures or financial position. We will continue to monitor emerging
developments in this area.
Employees
We have approximately 129,000 employees at December 31, 2015, of whom approximately 49,000 are located in the
United States.
4