-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DhloEt/dVwbT1RqQWGVesH7XXpA/23I+7EGwz/wZSQAmK4S28Jq9oGgE5fyFXUwj nS16J23cyZCgtksae5s40g== 0000950117-05-000671.txt : 20050222 0000950117-05-000671.hdr.sgml : 20050221 20050222075013 ACCESSION NUMBER: 0000950117-05-000671 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050218 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050222 DATE AS OF CHANGE: 20050222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HONEYWELL INTERNATIONAL INC CENTRAL INDEX KEY: 0000773840 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 222640650 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08974 FILM NUMBER: 05629238 BUSINESS ADDRESS: STREET 1: 101 COLUMBIA RD STREET 2: PO BOX 4000 CITY: MORRISTOWN STATE: NJ ZIP: 07962 BUSINESS PHONE: 9734552000 MAIL ADDRESS: STREET 1: 101 COLUMBIA RD P O BOX 4000 STREET 2: 101 COLUMBIA RD P O BOX 4000 CITY: MORRISTOWN STATE: NJ ZIP: 07962 FORMER COMPANY: FORMER CONFORMED NAME: ALLIEDSIGNAL INC DATE OF NAME CHANGE: 19940929 8-K 1 a39291.txt HONEYWELL INTERNATIONAL INC. ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT - February 18, 2005 (Date of earliest event reported) HONEYWELL INTERNATIONAL INC. (Exact name of Registrant as specified in its Charter) DELAWARE 1-8974 22-2640650 (State or other jurisdiction of (Commission File (I.R.S. Employer Identification incorporation) Number) Number)
101 COLUMBIA ROAD, P.O. BOX 4000, MORRISTOWN, NEW JERSEY 07962-2497 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (973) 455-2000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ ITEM 2.02. Results of Operations and Financial Condition. On February 18, 2005, the Third Circuit Court of Appeals denied Honeywell's appeal of a May 2003 decision by the United States District Court for the District of New Jersey in the matter entitled Interfaith Community Organization et al. v. Honeywell International, Inc., et al., ordering Honeywell to conduct the excavation and transport for offsite disposal of approximately one million tons of chromium residue present at a predecessor Honeywell site located in Jersey City, New Jersey. As disclosed in prior SEC filings, Honeywell believed that the District Court-ordered remedy would be remanded, reversed or replaced and, accordingly, provisions previously made in Honeywell's financial statements for remedial costs at this site did not assume excavation and offsite removal of chromium. In light of the Appeals Court decision, Honeywell will record a before tax charge of $278 million in the fourth quarter of 2004, which reflects the incremental cost of implementing the remedy. The charge will reduce Honeywell's reported 2004 earnings per share from the previously announced $1.68 per share to $1.49 per share. Implementation of the excavation and offsite removal remedy is expected to take place over a five-year period, and the cost of implementation is expected to be incurred evenly over that period. Honeywell does not expect implementation of the remedy to have a material adverse effect on its future consolidated results of operations, operating cash flows or consolidated financial position. ITEM 8.01. Other Events On February 18, 2005, Honeywell International Inc. issued a press release announcing the appeal decision. A copy of the press release is attached on this Report as an exhibit. ITEM 9.01. Financial Statements and Exhibits. (c) Exhibits 99.1 Press Release issued February 18, 2005. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: February 22, 2005 Honeywell International Inc. By: /s/ Thomas F. Larkins --------------------- Thomas F. Larkins Vice President, Corporate Secretary and Deputy General Counsel 3 EX-99 2 ex99-1.txt EXHIBIT 99.1 [HONEYWELL LETTERHEAD] NEWS RELEASE Contacts: Media Investor Relations Robert C. Ferris Nicholas Noviello 973-455-3388 973-455-2222 rob.ferris@honeywell.com nicholas.noviello@honeywell.com HONEYWELL'S RESPONSE TO UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT DECISION: INTERFAITH COMMUNITY ORGANIZATION v. HONEYWELL MORRIS TOWNSHIP, NJ, February 18, 2005 -- Honeywell (NYSE: HON) today issued the following statement in response to the denial by the United States Court of Appeals for the Third Circuit of Honeywell's appeal in the matter: Interfaith Community Organization et al. v. Honeywell International, Inc. et al. "In May 2003, the United States District Court for the District of New Jersey ordered the excavation of approximately one million tons of chromium residue at a predecessor company site in Jersey City, New Jersey. "The company appealed the court's decision because it believes that capping the site is a better long-term environmental solution that will allow for productive redevelopment sooner than the court-ordered excavation. "While Honeywell disagrees with today's decision, the company will take a before tax charge of $278 million in the fourth quarter of 2004, reflecting the anticipated incremental costs associated with implementing the district court's order. Estimated complete implementation of the excavation remedy will take about five years. The charge will reduce the company's reported 2004 earnings per share from the previously announced $1.68 per share to $1.49 per share. "The company is maintaining its previously announced guidance for 2005 EPS of $1.95 - $2.05 and cash flow from operations of $2.4 - $2.5 billion (free cash flow of $1.6 - $1.7 billion). Given the expected five-year implementation, the incremental cash costs of the remedy will not significantly affect previous guidance regarding total future cash commitments for pension, environmental, asbestos, and repositioning expenditures." # # # Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit WWW.HONEYWELL.COM The free cash flow estimate referenced above is derived from estimated cash flow from operations less estimated capital expenditures. - ------------------------------------------------------------------------------- This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act. - ------------------------------------------------------------------------------- -----END PRIVACY-ENHANCED MESSAGE-----