HONEYWELL INTERNATIONAL INC Form 10-K Annual Report Filed
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SECURITIES AND EXCHANGE COMMISSION FORM 10-K Annual report pursuant to section 13 and 15(d) Filing Date: 2012-02-17 | Period of Report: 2011-12-31 SEC Accession No. 0000930413-12-000976 (HTML Version on secdatabase.com) FILER HONEYWELL INTERNATIONAL INC Mailing Address Business Address 101 COLUMBIA RD P O BOX 101 COLUMBIA RD CIK:773840| IRS No.: 222640650 | State of Incorp.:DE | Fiscal Year End: 1231 4000 PO BOX 4000 Type: 10-K | Act: 34 | File No.: 001-08974 | Film No.: 12622057 101 COLUMBIA RD P O BOX MORRISTOWN NJ 07962 SIC: 3714 Motor vehicle parts & accessories 4000 9734552000 MORRISTOWN NJ 07962 Copyright © 2014 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2011 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8974 Honeywell International Inc. (Exact name of registrant as specified in its charter) Delaware 22-2640650 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 101 Columbia Road Morris Township, New Jersey 07962 (Address of principal executive offices) (Zip Code) Registrants telephone number, including area code (973) 455-2000 Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange Title of Each Class on Which Registered Common Stock, par value $1 per share* New York Stock Exchange Chicago Stock Exchange 9½% Debentures due June 1, 2016 New York Stock Exchange * The common stock is also listed on the London Stock Exchange. Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No o Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes o No x Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of accelerated filer, large accelerated filer, and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check One): Large accelerated filer x Accelerated filer o Non-accelerated filer o Smaller reporting company o Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No x The aggregate market value of the voting stock held by nonaffiliates of the Registrant was approximately $47.1 billion at June 30, 2011. There were 775,363,731 shares of Common Stock outstanding at January 31, 2012. Documents Incorporated by Reference Part III: Proxy Statement for Annual Meeting of Shareowners to be held April 23, 2012. TABLE OF CONTENTS Item Page Part I 1 Business 1 1A Risk Factors 13 1B Unresolved Staff Comments 19 2 Properties 19 3 Legal Proceedings 20 Executive Officers of the Registrant 21 Market for Registrants Common Equity, Related Stockholder Matters and Issuer Part II. 5 22 Purchases of Equity Securities 6 Selected Financial Data 24 7 Managements Discussion and Analysis of Financial Condition and Results of Operations 25 7A Quantitative and Qualitative Disclosures About Market Risk 55 8 Financial Statements and Supplementary Data 56 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 113 9A Controls and Procedures 113 9B Other Information 114 Part III. 10 Directors and Executive Officers of the Registrant 114 11 Executive Compensation 114 Security Ownership of Certain Beneficial Owners and Management and Related 12 114 Stockholder Matters 13 Certain Relationships and Related Transactions 117 14 Principal Accounting Fees and Services 117 Part IV. 15 Exhibits and Financial Statement Schedules 118 Signatures 119 PART I. Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document I tem 1. Business Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was incorporated in Delaware in 1985. We maintain an internet website at http://www.honeywell.com. Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and any amendments to those reports, are available free of charge on our website under the heading Investor Relations (see SEC Filings & Reports) immediately after they are filed with, or furnished to, the Securities and Exchange Commission (SEC). In addition, in this Form 10-K, the Company incorporates by reference certain information from parts of its proxy statement for the 2012 Annual Meeting of Stockholders, which we expect to file with the SEC on or about March 8, 2012, and which will also be available free of charge on our website. Information relating to corporate governance at Honeywell, including Honeywells Code of Business Conduct, Corporate Governance Guidelines and Charters of the Committees of the Board of Directors are also available, free of charge, on our website under the heading Investor Relations (see Corporate Governance), or by writing to Honeywell, 101 Columbia Road, Morris Township, New Jersey 07962, c/o Vice President and Corporate Secretary. Honeywells Code of Business Conduct applies to all Honeywell directors, officers (including the Chief Executive Officer, Chief Financial Officer and Controller) and employees. Major Businesses We globally manage our business operations through four businesses that are reported as operating segments: Aerospace, Automation and Control Solutions, Performance Materials and Technologies (formerly Specialty Materials), and Transportation Systems. Financial information related to our operating segments is included in Note 23 of Notes to Financial Statements in Item 8. Financial Statements and Supplementary Data. The major products/services, customers/uses and key competitors of each of our operating segments follows: Aerospace Our Aerospace segment is a leading global provider of integrated avionics, engines, systems and service solutions for aircraft manufacturers, airlines, business and general aviation, military, space and airport operations. Product/Service Classes Major Products/Services Major Customers/Uses Key Competitors TFE731 turbofan TFE1042 turbofan ATF3 turbofan F125 turbofan F124 turbofan ALF502 turbofan LF507 turbofan Business, regional, and general CFE738 turbofan aviation Rolls Royce/Allison HTF 7000 turbofan Commercial helicopters Turbomeca Turbine propulsion engines T53 turboshaft Military vehicles United Technologies T55 turboshaft Military helicopters Williams CTS800 turboshaft Military trainer HTS900 turboshaft LT101 turboshaft TPE 331 turboprop AGT1500 turboshaft Repair, overhaul and spare parts Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document 1 Product/Service Classes Major Products/Services Major Customers/Uses Key Competitors Airborne auxiliary power units Jet fuel starters Commercial, regional, business Auxiliary power units Secondary power systems and military aircraft United Technologies (APUS) Ground power units Ground power Repair, overhaul and spare parts Auxilec Air management systems: Barber Colman Air conditioning Dukes Bleed air Commercial, regional and Eaton-Vickers Cabin pressure control general aviation aircraft General Electric Environmental control Air purification and treatment Military aircraft Goodrich systems Gas Processing Ground vehicles Liebherr Heat Exchangers Spacecraft Pacific Scientific Repair, overhaul and spare Parker Hannifin parts TAT United Technologies Generators Commercial, regional, business General Electric Power distribution & control and military aircraft Goodrich Electric power systems Power conditioning