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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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))
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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.
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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
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Thomas F. Larkins
Vice President, Corporate Secretary and
Deputy General Counsel
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