Honeywell International (HON) 8-K Consolidated Statement of Operations

Exhibit 99

Honeywell International Inc.

Consolidated Statement of Operations

(Unaudited)

	Year Ended December 31, 2017
	(Dollars in millions, except per share amounts)
	As Reported			Adjustments			As Revised
Product sales	$	32,317		$	-		$	32,317
Service sales		8,217			-			8,217
Net sales		40,534			-			40,534
Costs, expenses and other
Costs of products sold		22,659			517			23,176
Costs of services sold		4,916			52			4,968
		27,575			569			28,144
Selling, general and administrative expenses		5,808			279			6,087
Other (income) expense		(67	)		(896	)		(963	)
Interest and other financial charges		316			-			316
		33,632			(48	)		33,584
Income before taxes		6,902			48			6,950
Tax expense		5,204			158			5,362
Net income		1,698			(110	)		1,588
Less: Net income attributable to noncontrolling interest		43			-			43
Net income attributable to Honeywell	$	1,655		$	(110	)	$	1,545
Earnings per share of common stock-basic	$	2.17		$	(0.14	)	$	2.03
Earnings per share of common stock-assuming dilution	$	2.14		$	(0.14	)	$	2.00

Honeywell International Inc.

Consolidated Statement of Operations

(Unaudited)

	Year Ended December 31, 2016
	(Dollars in millions, except per share amounts)
	As Reported			Adjustments			As Revised
Product sales	$	31,362		$	-		$	31,362
Service sales		7,940			-			7,940
Net sales		39,302			-			39,302
Costs, expenses and other
Costs of products sold		22,170			442			22,612
Costs of services sold		4,980			85			5,065
		27,150			527			27,677
Selling, general and administrative expenses		5,469			105			5,574
Other (income) expense		(102	)		(637	)		(739	)
Interest and other financial charges		338			-			338
		32,855			(5	)		32,850
Income before taxes		6,447			5			6,452
Tax expense		1,601			2			1,603
Net income		4,846			3			4,849
Less: Net income attributable to noncontrolling interest		37			-			37
Net income attributable to Honeywell	$	4,809		$	3		$	4,812
Earnings per share of common stock-basic	$	6.29		$	0.01		$	6.30
Earnings per share of common stock-assuming dilution	$	6.20		$	0.01		$	6.21

2

Honeywell International Inc.

Consolidated Statement of Operations

(Unaudited)

	Year Ended December 31, 2015
	(Dollars in millions, except per share amounts)
	As Reported			Adjustments			As Revised
Product sales	$	30,695		$	-		$	30,695
Service sales		7,886			-			7,886
Net sales		38,581			-			38,581
Costs, expenses and other
Costs of products sold		21,775			354			22,129
Costs of services sold		4,972			68			5,040
		26,747			422			27,169
Selling, general and administrative expenses		5,006			205			5,211
Other (income) expense		(68	)		(634	)		(702	)
Interest and other financial charges		310			-			310
		31,995			(7	)		31,988
Income before taxes		6,586			7			6,593
Tax expense		1,739			4			1,743
Net income		4,847			3			4,850
Less: Net income attributable to noncontrolling interest		79			-			79
Net income attributable to Honeywell	$	4,768		$	3		$	4,771
Earnings per share of common stock-basic	$	6.11		$	0.01		$	6.12
Earnings per share of common stock-assuming dilution	$	6.04		$	-		$	6.04

3

Honeywell International Inc.

Consolidated Balance Sheet

(Unaudited)

		December 31, 2017									December 31, 2016
		(Dollars in millions)
		As Reported			Adjustments			As Revised			As Reported			Adjustments			As Revised
ASSETS
Current assets:
Cash and cash equivalents		$	7,059		$	-		$	7,059		$	7,843		$	-		$	7,843
Short-term investments			3,758			-			3,758			1,520			-			1,520
Accounts receivable - net			8,866			-			8,866			8,177			-			8,177
Inventories			4,613			-			4,613			4,366			-			4,366
Other current assets			1,706			-			1,706			1,152			-			1,152
Total current assets			26,002			-			26,002			23,058			-			23,058
Investments and long-term receivables			667			-			667			587			-			587
Property, plant and equipment - net			5,926			-			5,926			5,793			-			5,793
Goodwill			18,277			-			18,277			17,707			-			17,707
Other intangible assets - net			4,496			-			4,496			4,634			-			4,634
Insurance recoveries for asbestos related liabilities			411			68			479			417			80			497
Deferred income taxes			236			15			251			347			340			687
Other assets			3,372			-			3,372			1,603			-			1,603
Total assets		$	59,387		$	83		$	59,470		$	54,146		$	420		$	54,566
LIABILITIES
Current liabilities:
Accounts payable			6,584			-			6,584			5,690			-			5,690
Commercial paper and other short-term borrowings			3,958			-			3,958			3,366			-			3,366
Current maturities of long-term debt			1,351			-			1,351			227			-			227
Accrued liabilities			6,968			-			6,968			7,048			-			7,048
Total current liabilities			18,861			-			18,861			16,331			-			16,331
Long-term debt			12,573			-			12,573			12,182			-			12,182
Deferred income taxes			2,894			(230	)		2,664			486			(64	)		422
Postretirement benefit obligations other than pensions			512			-			512			473			-			473
Asbestos related liabilities			1,173			1,087			2,260			1,014			1,148			2,162
Other liabilties	��		5,930			-			5,930			4,110			-			4,110
Redeemable noncontrolling interest			5			-			5			3			-			3
SHAREOWNERS' EQUITY
Capital – common stock issued			958			-			958			958			-			958
– additional paid–in capital			6,212			-			6,212			5,781			-			5,781
Common stock held in treasury, at cost			(15,914	)		-			(15,914	)		(13,366	)		-			(13,366	)
Accumulated other comprehensive loss			(2,235	)		-			(2,235	)		(2,714	)		-			(2,714	)
Retained earnings			28,255			(774	)		27,481			28,710			(664	)		28,046
Total Honeywell shareowners’ equity			17,276			(774	)		16,502			19,369			(664	)		18,705
Noncontrolling interest			163			-			163			178			-			178
Total shareowners’ equity			17,439			(774	)		16,665			19,547			(664	)		18,883
Total liabilities, redeemable noncontrolling interest and shareowners' equity		$	59,387		$	83		$	59,470		$	54,146		$	420		$	54,566

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