1、2003ANNUAL REPORTWE AREBUILDINGThese materials contain certain statements that may be deemed“forward-looking statements”within the meaning of Section 21E of the Securities Exchange Act of 1934.All statements,other than statements of historical fact,that address activities,events or developments that
2、 we or our management intends,expects,projects,believes,or anticipates will or may occur in the future are forward-looking statements.Such statementsare based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends,curren
3、t conditions,expected future developments,and other factors they believe to be appropriate.The forward-looking statements included in these materials are also subject to a number of material risks and uncertainties,including but not limited to economic,competitive,governmental,and technological fact
4、ors affecting our operations,markets,products,services,and prices.Such forward-lookingstatements are not guarantees of future performance,and actual results,developments,and business decisionsmay differ from those envisaged by such forward-looking statements.TABLE OF CONTENTSBuilding a World 1Top-Pe
5、rforming Plants 10 Chairmans Award for Everyday Heroes 11 Letter to Shareowners 12Aerospace 20 Automation and Control Solutions 21Specialty Materials 22 Transportation Systems 23 Honeywell Hometown Solutions 24 Financial Information 25Senior Management Team and Leadership Team 77 Board of Directors
6、78Shareowner Information 79A WORLD(Dollars and Shares in Millions,Except Per Share Amounts)200320022001Sales$23,103$22,274$23,652Net Income(Loss)1$1,324$(220)$(99)Diluted Earnings(Loss)Per Common Share$1.54$(0.27)$(0.12)Cash Dividends Per Common Share$0.75$0.75$0.75Book Value Per Common Share$12.45$