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1、HONEYWELLINTERNATIONALINC.CONSOLIDATEDBALANCESHEETDecember31,20122011(Dollarsinmillions)ASSETSCurrentassets:Cashandcashequivalents$4,634$3,698Accounts,notesandotherreceivables7,4297,228Inventories4,2354,264Deferredincometaxes669460Investmentsandothercurrentassets631484Totalcurrentassets17,5981
2、6,134Investmentsandlong-termreceivables623494Property,plantandequipment—net5,0014,804Goodwill12,42511,858Otherintangibleassets—net2,4492,477Insurancerecoveriesforasbestosrelatedliabilities663709Deferredincometaxes1,8892,132Otherassets1,2051,200Totalassets$41,853$39,808LIABILITIESCurrentliabili
3、ties:Accountspayable$4,736$4,738Short-termborrowings7660Commercialpaper400599Currentmaturitiesoflong-termdebt62515Accruedliabilities7,2086,863Totalcurrentliabilities13,04512,275Long-termdebt6,3956,881Deferredincometaxes628676Postretirementbenefitobligationsotherthanpensions1,3651,417Asbestosre
4、latedliabilities1,2921,499Otherliabilities5,9136,158Redeemablenoncontrollinginterest150—SHAREOWNERS’EQUITYCapital—commonstockissued958958—additionalpaid-incapital4,3584,157Commonstockheldintreasury,atcost(8,801)(8,948)Accumulatedothercomprehensiveincome(loss)(1,339)(1,444)Retainedearnings17,79
5、916,083TotalHoneywellshareowners’equity12,97510,806Noncontrollinginterest9096Totalshareowners’equity13,06510,902Totalliabilities,redeemablenoncontrollinginterestandshareowners’equity$41,853$39,808TheNotestoFinancialStatementsareanintegralpartofthisstatement.59HONEYWELLINTERNATIONALINC.NOTESTOF
6、INANCIALSTATEMENTS(Dollarsinmillions,exceptpershareamounts)Note1—SummaryofSignificantAccountingPoliciesAccountingPrinciples—ThefinancialstatementsandaccompanyingnotesarepreparedinaccordancewithaccountingprinciplesgenerallyacceptedintheUnitedStatesofAmerica.ThefollowingisadescriptionofHoneywell
7、’ssignificantaccountingpolicies.PrinciplesofConsolidation—TheconsolidatedfinancialstatementsincludetheaccountsofHoneywellInternationalInc.andallofitssubsidiariesandentitiesinwhichacontrollinginterestismaintained.Ourconsolidationpolicyre
