| Note 12. Comprehensive Income/(Loss) | | | | | | | | | | | | | | | | | | | | | | Comprehensive income/(loss) consists of the following: | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | Nine Months Ended | | | | September 30, | | | September 30, | | | | 2011 | | 2010 | | | 2011 | | 2010 | | | | | | | | | | | | | Net income | $ | 863 | $ | 596 | | $ | 2,381 | $ | 1,666 | | | | | | | | | | | | | Foreign exchange translation adjustments | | (440) | | 599 | | | 67 | | (106) | | Pension and postretirement benefit adjustments | | (77) | | 32 | | | (70) | | (96) | | Change in fair value of effective cash flow hedges | | (33) | | - | | | (24) | | 1 | | Change in unrealized gains on available for sale | | | | | | | | | | | investments(a) | | (36) | | 19 | | | (28) | | 47 | | | | 277 | | 1,246 | | | 2,326 | | 1,512 | | Less: Comprehensive Income/(Loss) attributable to | | | | | | | | | | | noncontrolling interest(b) | | - | | (1) | | | 3 | | 15 | | | | | | | | | | | | | Comprehensive Income/(Loss) attributable to | | | | | | | | | | | Honeywell | $ | 277 | $ | 1,247 | | $ | 2,323 | $ | 1,497 | | | | | | | | | | | | | (a) Includes reclassification adjustment for losses included in net income. | | | | | | | | | | | | | (b) Comprehensive Income/(Loss) attributable to noncontrolling interest consisted predominately of net income. |
| | | | | | | | | | | | | | | | Changes in Noncontrolling Interest for the nine months ended September 30 consist of the following: | | | | | | | | | | | | | | | | 2011 | | 2010 | | | | | | | | | | Balance beginning of period | | 121 | | 110 | | | Comprehensive Income/(Loss) | | | | | | | attributable to noncontrolling interest | | 3 | | 15 | | | Acquisitions | | - | | 18 | | | Dividends paid | | (14) | | (7) | | | Other owner changes | | (5) | | - | | | | | | | | | | Balance end of period, September 30 | | 105 | | 136 |
In the nine months ended September 30, 2011 there was a $2 million decrease to Honeywell additional paid in capital for purchases of existing noncontrolling interests. In the nine months ended September 30, 2010 there were no increases or decreases to Honeywell additional paid in capital for purchases and sales of existing noncontrolling interests. |