we continued our balanced long-term focus on enhancing shareowner value without sacrificing growth investment , including maintaining r & d spending at 5 % of sales , new product introductions aligned with global macroeconomic trends in energy , safety , security , productivity and global urbanization , over $ 300 million of new repositioning investments to improve our operations and increased investment in high growth regions . we also continued to enhance our software capabilities through the creation of a software center in the united states to staff more than 730 full-time product software engineers , who are in addition to the more than 11,000 software engineers already part of honeywell . 16 in 2016 we deployed capital of over $ 7.5 billion , including the following : · mergers and acquisitions— we deployed over $ 2.5 billion during 2016 , acquiring businesses that will be integrated into each of our four operating segments . these acquisitions all share a software and technology focus and increase our existing deep alignment with enduring macro trends such as energy efficiency , clean energy generation , safety , security , productivity and global urbanization . · dividend —after a 15 % dividend rate increase in 2015 , we increased our annual dividend rate by 12 % in 2016 , as we seek to continue to grow the dividend faster than earnings , marking the 12 th dividend increase in the past 11 years . · share repurchases —we continue to opportunistically repurchase our shares with the goal of generally keeping share count flat and seeking to offset the dilutive impact of employee stock based compensation and savings plans . in 2016 , we repurchased 19.3 million shares for $ 2.1 billion . · capital investment in facilities —we invested over $ 1 billion in capital expenditures focused on high return investments such as the expansion of facilities to manufacture our solstice® low global-warming potential refrigerant products and building new production facilities to make uop catalyst and absorbent products . honeywell also completed refinancing of long-term debt through the issuance of 4,000 million senior notes in february and an additional $ 4,500 million senior notes in october . the proceeds from the offerings of senior notes were used to repurchase $ 2,200 million of senior notes outstanding , as well as repay outstanding commercial paper . we expect these refinancing activities will reduce our ongoing annual interest expense . consolidated results of operations net sales replace_table_token_4_th the change in net sales is attributable to the following : replace_table_token_5_th a discussion of net sales by segment can be found in the review of business segments section of this md & a . the foreign currency translation impact in 2016 compared with 2015 is principally driven by the weakening of the british pound , chinese renminbi and canadian dollar , partially offset by the strengthening of the japanese yen against the u.s. dollar . the foreign currency translation impact in 2015 compared with 2014 is principally driven by the weakening of the euro and canadian dollar against the u.s. dollar . 17 cost of products and services sold replace_table_token_6_th cost of products and services sold increased in 2016 compared with 2015 principally due to increased direct material costs of approximately $ 380 million ( driven primarily by acquisitions , net of divestitures , partially offset by the favorable impact of productivity , net of inflation , and foreign currency translation ) , higher depreciation and amortization attributable to acquisitions of approximately $ 135 million and increased pension mark-to-market expense allocated to cost of products and services sold of $ 70 million , partially offset by higher pension and other postretirement benefits income allocated to cost of products and services sold of $ 200 million . gross margin percentage increased in 2016 compared with 2015 principally due to higher gross margin in performance materials and technologies ( approximately 0.6 percentage point impact ) and higher pension and other postretirement benefits income allocated to cost of products and services sold ( approximately 0.5 percentage point impact ) , partially offset by lower gross margin in aerospace , home and building solutions and safety and productivity solutions ( approximately 0.7 percentage point impact collectively ) and increased pension mark-to-market expense allocated to cost of products and services sold ( approximately 0.2 percentage point impact ) . cost of products and services sold decreased in 2015 compared with 2014 principally due to a decrease in direct and indirect material costs of approximately $ 1,460 million ( driven primarily by the favorable impact of foreign currency translation , productivity , lower raw materials pass-through pricing and the absence of the friction materials business , partially offset by higher sales volume ) , a decrease in labor costs of approximately $ 450 million and higher pension income allocated to cost of products and services sold of approximately $ 230 million . gross margin percentage increased in 2015 compared with 2014 principally due to higher gross margin in all of our business segments ( approximately 2.0 percentage point impact collectively ) and increased pension income allocated to cost of products and services sold ( approximately 0.5 percentage point impact ) . selling , general and administrative expenses replace_table_token_7_th selling , general and administrative expenses ( sg & a ) increased in 2016 compared with 2015 primarily due to increased labor costs ( driven primarily by acquisitions , net of divestitures , investment for growth and merit increases ) , increased pension mark-to-market expense allocated to sg & a and higher repositioning charges , partially offset by the favorable impact from foreign currency translation and increased pension income allocated to sg & a . story_separator_special_tag story_separator_special_tag justify ; text-indent : 36pt `` > we also have a current shelf registration statement filed with the securities and exchange commission under which we may issue additional debt securities , common stock and preferred stock that may be offered in one or more offerings on terms to be determined at the time of the offering . net proceeds of any offering would be used for general corporate purposes , including repayment of existing indebtedness , share repurchases , capital expenditures and acquisitions . see note 2 acquisitions and divestitures and note 12 long-term debt and credit agreements of notes to financial statements for additional discussion of items impacting our liquidity . in 2016 , the company repurchased $ 2,079 million of outstanding shares to offset the dilutive impact of employee stock based compensation plans , including option exercises , restricted unit vesting and matching contributions under our savings plans . in april 2016 , the board of directors authorized the repurchase of up to a total of $ 5 billion of honeywell common stock , of which $ 4.1 billion remained available as of december 31 , 2016 for additional share repurchases . honeywell presently expects to repurchase outstanding shares from time to time to generally offset the dilutive impact of employee stock based compensation plans , including option exercises , restricted unit vesting and matching contributions under our savings plans . in addition to our normal operating cash requirements , our principal future cash requirements will be to fund capital expenditures , dividends , strategic acquisitions , share repurchases , employee benefit obligations , environmental remediation costs , asbestos claims , severance and exit costs related to repositioning actions and debt repayments . specifically , we expect our primary cash requirements in 2017 to be as follows : § capital expenditures—we expect to spend approximately $ 1.1 billion for capital expenditures in 2017 primarily for growth , production and capacity expansion , cost reduction , maintenance , and replacement . § share repurchases— under the company 's share repurchase program , $ 4.1 billion is available as of december 31 , 2016 for additional share repurchases . honeywell presently expects to repurchase outstanding shares from time to time to generally offset the dilutive impact of employee stock-based compensation plans , including option exercises , restricted unit vesting and matching contributions under our savings plans . the amount and timing of future repurchases may vary depending on market conditions and our level of operating , financing and other investing activities . § dividends—we increased our quarterly dividend rate by 12 % to $ .6650 per share of common stock effective with the fourth quarter 2016 dividend . the company intends to continue to pay quarterly dividends in 2017 . § asbestos claims—we expect our cash spending for asbestos claims and our cash receipts for related insurance recoveries to be approximately $ 546 million and $ 23 million in 2017 . § pension contributions—in 2017 , we are not required to make contributions to our u.s. pension plans . we plan to make contributions of cash and or marketable securities of approximately $ 130 million ( $ 89 million of marketable securities were contributed in january 2017 ) to our non-u.s. plans to 27 satisfy regulatory funding standards . the timing and amount of contributions to both our u.s. and non-u.s. plans may be impacted by a number of factors , including the funded status of the plans . § repositioning actions—we expect that cash spending for severance and other exit costs necessary to execute repositioning actions will approximate $ 225 million in 2017 . § environmental remediation costs—we expect to spend approximately $ 250 million in 2017 for remedial response and voluntary clean-up costs . we continuously assess the relative strength of each business in our portfolio as to strategic fit , market position , profit and cash flow contribution in order to upgrade our combined portfolio and identify business units that will most benefit from increased investment . we identify acquisition candidates that will further our strategic plan and strengthen our existing core businesses . we also identify businesses that do not fit into our long-term strategic plan based on their market position , relative profitability or growth potential . these businesses are considered for potential divestiture , restructuring or other repositioning actions subject to regulatory constraints . in 2016 and 2015 , we realized $ 565 million and $ 1 million in cash proceeds from sales and a spin-off of non-strategic businesses . based on past performance and current expectations , we believe that our operating cash flows will be sufficient to meet our future operating cash needs . our available cash , committed credit lines and access to the public debt and equity markets , provide additional sources of short-term and long-term liquidity to fund current operations , debt maturities , and future investment opportunities . contractual obligations and probable liability payments following is a summary of our significant contractual obligations and probable liability payments at december 31 , 2016 : replace_table_token_20_th ( 1 ) assumes all long-term debt is outstanding until scheduled maturity . ( 2 ) purchase obligations are entered into with various vendors in the normal course of business and are consistent with our expected requirements . ( 3 ) the payment amounts in the table only reflect the environmental liabilities which are probable and reasonably estimable as of december 31 , 2016 . ( 4 ) these amounts are estimates of asbestos related cash payments for narco and bendix based on our asbestos related liabilities which are probable and reasonably estimable as of december 31 , 2016. see asbestos matters in note 19 commitments and contingencies of notes to financial statements for additional information . ( 5 ) these amounts represent our insurance recoveries that are deemed probable for asbestos related liabilities as of december 31 , 2016. see asbestos matters in note 19 commitments and contingencies of notes to financial

cash flow summary our cash flows from operating , investing and financing activities , as reflected in the consolidated statement of cash flows , are summarized as follows : 25 replace_table_token_19_th 2016 compared with 2015 cash provided by operating activities decreased by $ 21 million primarily due to a $ 958 million unfavorable impact from working capital , partially offset by ( i ) a $ 395 million improvement in customer advances and deferred income , ( ii ) a $ 171 million increase in net income before the non-cash pension mark-to-market adjustment , ( iii ) the absence of $ 151 million in oem incentive payments and ( iv ) lower cash tax payments of $ 50 million . cash used for investing activities decreased by $ 3,172 million primarily due to ( i ) a decrease in cash paid for acquisitions of $ 2,655 million , most significantly elster in 2015 , ( ii ) an increase in proceeds from the sales of businesses of $ 295 million ( most significantly honeywell technology solutions inc. ) and ( iii ) a $ 384 million favorable change in settlements of foreign currency exchange contracts used as economic hedges on certain non-functional currency denominated monetary assets and liabilities . the decreases were partially offset by a net $ 146 million increase in investments , primarily short-term marketable securities . cash provided by financing activities increased by $ 309 million primarily due to an increase in the net proceeds from debt issuances of $ 497 million , partially offset by an increase in cash dividends paid of $ 189 million including amounts paid to the former uop russell llc noncontrolling shareholder .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flow summary our cash flows from operating , investing and financing activities , as reflected in the consolidated statement of cash flows , are summarized as follows : 25 replace_table_token_19_th 2016 compared with 2015 cash provided by operating activities decreased by $ 21 million primarily due to a $ 958 million unfavorable impact from working capital , partially offset by ( i ) a $ 395 million improvement in customer advances and deferred income , ( ii ) a $ 171 million increase in net income before the non-cash pension mark-to-market adjustment , ( iii ) the absence of $ 151 million in oem incentive payments and ( iv ) lower cash tax payments of $ 50 million . cash used for investing activities decreased by $ 3,172 million primarily due to ( i ) a decrease in cash paid for acquisitions of $ 2,655 million , most significantly elster in 2015 , ( ii ) an increase in proceeds from the sales of businesses of $ 295 million ( most significantly honeywell technology solutions inc. ) and ( iii ) a $ 384 million favorable change in settlements of foreign currency exchange contracts used as economic hedges on certain non-functional currency denominated monetary assets and liabilities . the decreases were partially offset by a net $ 146 million increase in investments , primarily short-term marketable securities . cash provided by financing activities increased by $ 309 million primarily due to an increase in the net proceeds from debt issuances of $ 497 million , partially offset by an increase in cash dividends paid of $ 189 million including amounts paid to the former uop russell llc noncontrolling shareholder .
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 Suspicious Activity Report : we continued our balanced long-term focus on enhancing shareowner value without sacrificing growth investment , including maintaining r & d spending at 5 % of sales , new product introductions aligned with global macroeconomic trends in energy , safety , security , productivity and global urbanization , over $ 300 million of new repositioning investments to improve our operations and increased investment in high growth regions . we also continued to enhance our software capabilities through the creation of a software center in the united states to staff more than 730 full-time product software engineers , who are in addition to the more than 11,000 software engineers already part of honeywell . 16 in 2016 we deployed capital of over $ 7.5 billion , including the following : · mergers and acquisitions— we deployed over $ 2.5 billion during 2016 , acquiring businesses that will be integrated into each of our four operating segments . these acquisitions all share a software and technology focus and increase our existing deep alignment with enduring macro trends such as energy efficiency , clean energy generation , safety , security , productivity and global urbanization . · dividend —after a 15 % dividend rate increase in 2015 , we increased our annual dividend rate by 12 % in 2016 , as we seek to continue to grow the dividend faster than earnings , marking the 12 th dividend increase in the past 11 years . · share repurchases —we continue to opportunistically repurchase our shares with the goal of generally keeping share count flat and seeking to offset the dilutive impact of employee stock based compensation and savings plans . in 2016 , we repurchased 19.3 million shares for $ 2.1 billion . · capital investment in facilities —we invested over $ 1 billion in capital expenditures focused on high return investments such as the expansion of facilities to manufacture our solstice® low global-warming potential refrigerant products and building new production facilities to make uop catalyst and absorbent products . honeywell also completed refinancing of long-term debt through the issuance of 4,000 million senior notes in february and an additional $ 4,500 million senior notes in october . the proceeds from the offerings of senior notes were used to repurchase $ 2,200 million of senior notes outstanding , as well as repay outstanding commercial paper . we expect these refinancing activities will reduce our ongoing annual interest expense . consolidated results of operations net sales replace_table_token_4_th the change in net sales is attributable to the following : replace_table_token_5_th a discussion of net sales by segment can be found in the review of business segments section of this md & a . the foreign currency translation impact in 2016 compared with 2015 is principally driven by the weakening of the british pound , chinese renminbi and canadian dollar , partially offset by the strengthening of the japanese yen against the u.s. dollar . the foreign currency translation impact in 2015 compared with 2014 is principally driven by the weakening of the euro and canadian dollar against the u.s. dollar . 17 cost of products and services sold replace_table_token_6_th cost of products and services sold increased in 2016 compared with 2015 principally due to increased direct material costs of approximately $ 380 million ( driven primarily by acquisitions , net of divestitures , partially offset by the favorable impact of productivity , net of inflation , and foreign currency translation ) , higher depreciation and amortization attributable to acquisitions of approximately $ 135 million and increased pension mark-to-market expense allocated to cost of products and services sold of $ 70 million , partially offset by higher pension and other postretirement benefits income allocated to cost of products and services sold of $ 200 million . gross margin percentage increased in 2016 compared with 2015 principally due to higher gross margin in performance materials and technologies ( approximately 0.6 percentage point impact ) and higher pension and other postretirement benefits income allocated to cost of products and services sold ( approximately 0.5 percentage point impact ) , partially offset by lower gross margin in aerospace , home and building solutions and safety and productivity solutions ( approximately 0.7 percentage point impact collectively ) and increased pension mark-to-market expense allocated to cost of products and services sold ( approximately 0.2 percentage point impact ) . cost of products and services sold decreased in 2015 compared with 2014 principally due to a decrease in direct and indirect material costs of approximately $ 1,460 million ( driven primarily by the favorable impact of foreign currency translation , productivity , lower raw materials pass-through pricing and the absence of the friction materials business , partially offset by higher sales volume ) , a decrease in labor costs of approximately $ 450 million and higher pension income allocated to cost of products and services sold of approximately $ 230 million . gross margin percentage increased in 2015 compared with 2014 principally due to higher gross margin in all of our business segments ( approximately 2.0 percentage point impact collectively ) and increased pension income allocated to cost of products and services sold ( approximately 0.5 percentage point impact ) . selling , general and administrative expenses replace_table_token_7_th selling , general and administrative expenses ( sg & a ) increased in 2016 compared with 2015 primarily due to increased labor costs ( driven primarily by acquisitions , net of divestitures , investment for growth and merit increases ) , increased pension mark-to-market expense allocated to sg & a and higher repositioning charges , partially offset by the favorable impact from foreign currency translation and increased pension income allocated to sg & a . story_separator_special_tag story_separator_special_tag justify ; text-indent : 36pt `` > we also have a current shelf registration statement filed with the securities and exchange commission under which we may issue additional debt securities , common stock and preferred stock that may be offered in one or more offerings on terms to be determined at the time of the offering . net proceeds of any offering would be used for general corporate purposes , including repayment of existing indebtedness , share repurchases , capital expenditures and acquisitions . see note 2 acquisitions and divestitures and note 12 long-term debt and credit agreements of notes to financial statements for additional discussion of items impacting our liquidity . in 2016 , the company repurchased $ 2,079 million of outstanding shares to offset the dilutive impact of employee stock based compensation plans , including option exercises , restricted unit vesting and matching contributions under our savings plans . in april 2016 , the board of directors authorized the repurchase of up to a total of $ 5 billion of honeywell common stock , of which $ 4.1 billion remained available as of december 31 , 2016 for additional share repurchases . honeywell presently expects to repurchase outstanding shares from time to time to generally offset the dilutive impact of employee stock based compensation plans , including option exercises , restricted unit vesting and matching contributions under our savings plans . in addition to our normal operating cash requirements , our principal future cash requirements will be to fund capital expenditures , dividends , strategic acquisitions , share repurchases , employee benefit obligations , environmental remediation costs , asbestos claims , severance and exit costs related to repositioning actions and debt repayments . specifically , we expect our primary cash requirements in 2017 to be as follows : § capital expenditures—we expect to spend approximately $ 1.1 billion for capital expenditures in 2017 primarily for growth , production and capacity expansion , cost reduction , maintenance , and replacement . § share repurchases— under the company 's share repurchase program , $ 4.1 billion is available as of december 31 , 2016 for additional share repurchases . honeywell presently expects to repurchase outstanding shares from time to time to generally offset the dilutive impact of employee stock-based compensation plans , including option exercises , restricted unit vesting and matching contributions under our savings plans . the amount and timing of future repurchases may vary depending on market conditions and our level of operating , financing and other investing activities . § dividends—we increased our quarterly dividend rate by 12 % to $ .6650 per share of common stock effective with the fourth quarter 2016 dividend . the company intends to continue to pay quarterly dividends in 2017 . § asbestos claims—we expect our cash spending for asbestos claims and our cash receipts for related insurance recoveries to be approximately $ 546 million and $ 23 million in 2017 . § pension contributions—in 2017 , we are not required to make contributions to our u.s. pension plans . we plan to make contributions of cash and or marketable securities of approximately $ 130 million ( $ 89 million of marketable securities were contributed in january 2017 ) to our non-u.s. plans to 27 satisfy regulatory funding standards . the timing and amount of contributions to both our u.s. and non-u.s. plans may be impacted by a number of factors , including the funded status of the plans . § repositioning actions—we expect that cash spending for severance and other exit costs necessary to execute repositioning actions will approximate $ 225 million in 2017 . § environmental remediation costs—we expect to spend approximately $ 250 million in 2017 for remedial response and voluntary clean-up costs . we continuously assess the relative strength of each business in our portfolio as to strategic fit , market position , profit and cash flow contribution in order to upgrade our combined portfolio and identify business units that will most benefit from increased investment . we identify acquisition candidates that will further our strategic plan and strengthen our existing core businesses . we also identify businesses that do not fit into our long-term strategic plan based on their market position , relative profitability or growth potential . these businesses are considered for potential divestiture , restructuring or other repositioning actions subject to regulatory constraints . in 2016 and 2015 , we realized $ 565 million and $ 1 million in cash proceeds from sales and a spin-off of non-strategic businesses . based on past performance and current expectations , we believe that our operating cash flows will be sufficient to meet our future operating cash needs . our available cash , committed credit lines and access to the public debt and equity markets , provide additional sources of short-term and long-term liquidity to fund current operations , debt maturities , and future investment opportunities . contractual obligations and probable liability payments following is a summary of our significant contractual obligations and probable liability payments at december 31 , 2016 : replace_table_token_20_th ( 1 ) assumes all long-term debt is outstanding until scheduled maturity . ( 2 ) purchase obligations are entered into with various vendors in the normal course of business and are consistent with our expected requirements . ( 3 ) the payment amounts in the table only reflect the environmental liabilities which are probable and reasonably estimable as of december 31 , 2016 . ( 4 ) these amounts are estimates of asbestos related cash payments for narco and bendix based on our asbestos related liabilities which are probable and reasonably estimable as of december 31 , 2016. see asbestos matters in note 19 commitments and contingencies of notes to financial statements for additional information . ( 5 ) these amounts represent our insurance recoveries that are deemed probable for asbestos related liabilities as of december 31 , 2016. see asbestos matters in note 19 commitments and contingencies of notes to financial

