1、PERFORMANCEFOCUSED ONHONEYWELL ANNUAL REPORT 2001(Dollars and Shares in Millions,Except Per Share Amounts)200120001999Sales$23,652$25,023$23,735Net Income(Loss)1$(99)$1,659$1,541Diluted Earnings(Loss)Per Common Share1$(0.12)$2.05$1.90Cash Dividends Per Common Share$0.75$0.75$0.68Book Value Per Commo
2、n Share$11.25$12.03$10.82Total Assets$24,226$25,175$23,527Common Shares Outstanding at Year-end815807795Employees at Year-end115,000125,000120,0001 In 2001,includes repositioning and other charges resulting in a net after-tax charge of$1,771 million,or$2.18 per share.In 2000,includes repositioning a
3、nd other charges and a gain on the sale of the former Honeywell Inc.TCAS product line resulting in a net after-tax charge of$634 million,or$0.78 per share.In 1999,includes merger,repositioning and other charges,a gain on the sale of our Laminate Systems business and a gain on thesale of our investme
4、ntin AMP Incorporated common stock resulting in a net after-tax charge of$624 million,or$0.78 per share.Statements contained in this report concerning the companys goals,strategies and expectations for business and financial results are“forward-looking statements”based on current expectations.No ass
5、urances can be given that the results in any forward-looking statements will be achievedand actual results could differ materially.Please review the section of this report captioned“Managements Discussion and Analysis”as well asreports the company files periodically with the Securities and Exchange
6、Commission for information concerning factors which could affect thecompanys businesses.LETTER TO SHAREOWNERS1FROM OUR NEW CEO5FOCUSED ON CUSTOMERS6FOCUSED ON PRODUCTIVITY10FOCUSED ON PEOPLE14AEROSPACE18AUTOMATION&CONTROL SOLUTIONS20SPECIALTY MATERIALS21TRANSPORTATION&POWER SYSTEMS22SELECTED FINANCI