July 30, 2010

ASBESTOS UPDATE: Honeywell Has $816M NARCO Receivable at June 30

COMPANIES: Honeywell International Inc
Subscribe

Honeywell International Inc.’s consolidated financial statements reflect an insurance receivable corresponding to the liability for settlement of pending and future NARCO-related asbestos claims of US$816 million as of June 30, 2010 and US$831 million as of Dec. 31, 2009.

The Company…

TO CONTINUE READING,LOGIN or
TOPICS: Aerospace/Defense | Asbestos | Chemicals/Petrochemicals/Plastics | Electronics | General News | Legal Issues, Litigation | Machinery/Misc Manufacturing
LOCATIONS: New Jersey | United States