SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (date of earliest event reported)
DECEMBER 11, 2001
Halliburton Company
(Exact name of registrant as specified in its charter)
State or other Commission IRS Employer
jurisdiction File Number Identification
of incorporation Number
Delaware 1-3492 No. 75-2677995
3600 Lincoln Plaza
500 North Akard Street
Dallas, Texas 75201-3391
(Address of principal executive offices)
Registrant's telephone number,
including area code - 214/978-2600
Page 1 of 6 Pages
The Exhibit Index Appears on Page 4
INFORMATION TO BE INCLUDED IN REPORT
Item 5. Other Events
The registrant may, at its option, report under this item any events, with
respect to which information is not otherwise called for by this form, that the
registrant deems of importance to security holders.
On December 11, 2001 registrant issued a press release entitled
"Halliburton Maintains Standard & Poor's Investment Grade Rating".
The following summarizes that press release:
Registrant announced that Standard and Poor's reduced its long-term credit
rating to A- from A+ and registrant's commercial paper rating from A1 to A2. The
ratings continue at investment grade levels. Highlights of registrant's December
10, 2001 telephone conference call to discuss its asbestos litigation strategy
and balance sheet and liquidity included:
o Registrant currently has approximately $250 million in cash. The cash
balance alone is enough to satisfy 16 percent of registrant's debt.
o In addition to cash, as of October 31, 2001, registrant had $2.7
billion in other positive working capital, another significant source
of liquidity.
o Registrant currently has $700 million in committed credit lines on bank
revolving credit agreements, under which there are no outstandings.
o During the first ten months of 2001 registrant has reduced its debt
from 40 percent of capitalization to 25 percent.
Item 7. Financial Statements and Exhibits
List below the financial statements, pro forma financial information and
exhibits, if any, filed as part of this report.
(c) Exhibits.
Exhibit 20 - Press release dated December 11, 2001.
Page 2 of 6 Pages
The Exhibit Index Appears on Page 4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
HALLIBURTON COMPANY
Date: December 12, 2001 By: /s/ Susan S. Keith
----------------------------------------
Susan S. Keith
Vice President and Secretary
Page 3 of 6 Pages
The Exhibit Index Appears on Page 4
EXHIBIT INDEX
Exhibit Description
20 Press Release Dated December 11, 2001
Incorporated by Reference
Page 4 of 6 Pages
The Exhibit Index Appears on Page 4