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HON

HONEYWELL INTERNATIONAL INCIndustrials
10-K for period ending 2025-12-31filed 2026-02-17accession 0000773840-26-000013filing on sec.gov ↗

answer key

fieldSEC valueXBRL conceptprinted on
Total revenue$37.4BRevenueFromContractWithCustomerExcludingAssessedTaxNet sales
Operating income$8.1BOperatingIncomeLossnot printed on the statement, not scored
Net income attributable to the company$4.7BNetIncomeLossNet income attributable to Honeywell
Diluted EPS$7.36EarningsPerShareDilutedEarnings per share of common stock from continuing operations-assuming dilution · Total earnings per share of common stock-assuming dilution
Cash and cash equivalents$12.5BCashAndCashEquivalentsAtCarryingValueCash and cash equivalents
Total assets$73.7BAssetsTotal assets · Total liabilities, redeemable noncontrolling interest and shareowners’ equity
Total liabilities-not reportednot in this filing's XBRL
Total shareholders' equity attributable to the company$13.9BStockholdersEquityTotal Honeywell shareowners’ equity
Net cash from operating activities$6.4BNetCashProvidedByUsedInOperatingActivitiesNet cash provided by operating activities
Net cash from investing activities-$2.7BNetCashProvidedByUsedInInvestingActivitiesNet cash used for investing activities
Net cash from financing activities-$2.0BNetCashProvidedByUsedInFinancingActivitiesNet cash (used for) provided by financing activities

Income statement

table #113 · score 51.8 vs 33 runner-up · in millions
Years Ended December 31,
202520242023
(Dollars in millions,except per share amounts)
Product sales24,51522,84122,345
Service sales12,92711,87610,664
Net sales37,44234,71733,009
Costs, expenses and other
Cost of products sold16,15315,01714,836
Cost of services sold7,4606,3435,801
Total Cost of products and services sold23,61321,36020,637
Research and development expenses1,8121,4541,375
Selling, general and administrative expenses5,4505,2354,887
Impairment of goodwill724--
Impairment of assets held for sale270219-
Other (income) expense(1,247)(843)(830)
Interest and other financial charges1,3441,048749
Total costs, expenses and other31,96628,47326,818
Income from continuing operations before taxes5,4766,2446,191
Tax expense1,0081,2491,262
Net income from continuing operations4,4684,9954,929
Net income from discontinued operations304745743
Net income4,7725,7405,672
Less: Net income attributable to noncontrolling interest433514
Net income attributable to Honeywell4,7295,7055,658
Earnings per share of common stock-basic:
Earnings per share of common stock from continuing operations-basic6.987.637.41
Earnings per share of common stock from discontinued operations-basic0.421.131.12
Total earnings per share of common stock-basic7.408.768.53
Earnings per share of common stock-assuming dilution:
Earnings per share of common stock from continuing operations-assuming dilution6.947.587.36
Earnings per share of common stock from discontinued operations-assuming dilution0.421.131.11
Total earnings per share of common stock-assuming dilution7.368.718.47

Balance sheet

table #117 · score 55 vs 24.8 runner-up · in millions
December 31,
20252024
(Dollars in millions)
ASSETS
Current assets
Cash and cash equivalents12,4879,906
Short-term investments443386
Accounts receivable, less allowances of $202 and $307, respectively7,6217,247
Inventories6,1625,884
Assets held for sale2,4921,365
Other current assets1,1821,259
Current assets of discontinued operations-1,861
Total current assets30,38727,908
Investments and long-term receivables1,4041,230
Property, plant and equipment-net4,6294,457
Goodwill21,07921,019
Other intangible assets-net6,7366,621
Deferred income taxes199235
Other assets9,24710,556
Assets of discontinued operations-3,170
Total assets73,68175,196
LIABILITIES
Current liabilities
Accounts payable6,3156,109
Commercial paper and other short-term borrowings5,8934,273
Current maturities of long-term debt1,5461,325
Accrued liabilities8,4628,055
Current liabilities of discontinued operations-1,086
Liabilities held for sale1,198408
Total current liabilities23,41421,256
Long-term debt27,14125,440
Deferred income taxes1,5771,581
Postretirement benefit obligations other than pensions111112
Asbestos-related liabilities-1,325
Other liabilities6,4085,581
Liabilities of discontinued operations-740
Redeemable noncontrolling interest-7
SHAREOWNERS’ EQUITY
Capital-common stock issued958958
-additional paid-in capital10,1579,695
Common stock held in treasury, at cost(43,029)(39,378)
Accumulated other comprehensive loss(5,146)(3,491)
Retained earnings50,96450,835
Total Honeywell shareowners’ equity13,90418,619
Noncontrolling interest1,126535
Total shareowners’ equity15,03019,154
Total liabilities, redeemable noncontrolling interest and shareowners’ equity73,68175,196

Cash flow statement

table #119 · score 55 vs 10 runner-up · in millions
Years Ended December 31,
202520242023
(Dollars in millions)
Cash flows from operating activities
Net income4,7725,7405,672
Less: Net income from discontinued operations304745743
Net income from continuing operations4,4684,9954,929
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities
Depreciation546493490
Amortization842659514
Loss (gain) on sale of non-strategic businesses and assets181(5)
Impairment of goodwill724--
Impairment of assets held for sale270219-
Repositioning and other (gains) charges(167)239844
Net payments for repositioning and other charges(378)(470)(445)
NARCO Buyout payment--(1,325)
Resideo indemnification and reimbursement agreement termination payment1,590--
Asbestos liabilities divestiture payment(1,428)--
Pension and other postretirement income(396)(477)(408)
Pension and other postretirement benefit payments(20)(32)(35)
Stock compensation expense196189197
Deferred income taxes18(229)189
Other144(191)(534)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures
Accounts receivable(825)(129)67
Inventories(636)(286)(549)
Other current assets(233)(111)224
Accounts payable72478444
Accrued liabilities1,325233270
Income taxes(707)(69)(408)
Net cash provided by operating activities from continuing operations6,0755,1124,459
Net cash provided by operating activities from discontinued operations333985881
Net cash provided by operating activities6,4086,0975,340
Cash flows from investing activities
Capital expenditures(986)(871)(741)
Proceeds from disposals of property, plant and equipment31-43
Increase in investments(1,503)(1,077)(560)
Decrease in investments1,469870971
(Payments) receipts from settlements of derivative contracts(399)946
Cash paid for acquisitions, net of cash acquired(2,211)(8,880)(718)
Proceeds from sales of businesses, net of fees paid1,157-4
Net cash used for investing activities from continuing operations(2,442)(9,864)(995)
Net cash used for investing activities from discontinued operations(269)(293)(298)
Net cash used for investing activities(2,711)(10,157)(1,293)
Years Ended December 31,
202520242023
(Dollars in millions)
Cash flows from financing activities
Proceeds from issuance of commercial paper and other short-term borrowings24,29713,83812,991
Payments of commercial paper and other short-term borrowings(22,815)(11,578)(13,663)
Proceeds from issuance of common stock237537196
Proceeds from issuance of long-term debt4,03510,4082,986
Payments of long-term debt(2,909)(1,812)(1,731)
Repurchases of common stock(3,804)(1,655)(3,715)
Cash dividends paid(2,976)(2,902)(2,855)
Pre-separation funding1,962--
Spin-off cash(449)--
Other469328
Net cash (used for) provided by financing activities(1,953)6,839(5,763)
Effect of foreign exchange rate changes on cash and cash equivalents176(137)14
Net increase (decrease) in cash and cash equivalents1,9202,642(1,702)
Cash and cash equivalents at beginning of period10,5677,9259,627
Cash and cash equivalents at end of period12,48710,5677,925