Question: What is Honeywell International Inc.’s Debt Service Coverage Ratio (DSCR) for Q1 2024?

The Debt Service Coverage Ratio (DSCR) for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
DSCR = Net Operating Income / Debt Service
Net Operating Income = Net Income + Interest and other financial charges + Depreciation + Amortization
Net Income = $1,463 million
Interest and other financial charges = $220 million
Depreciation = $166 million
Amortization = $125 million
Net Operating Income = $1,463 million + $220 million + $166 million + $125 million = $1,974 million
Debt Service = Current Maturities of Long-term Debt + Interest Expenses
Current Maturities of Long-term Debt = $1,254 million
Interest Expenses = $220 million
Debt Service = $1,254 million + $220 million = $1,474 million
DSCR = 1,974 / 1,474 = 1.34

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 3:
TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)
|    |                                                          |                              |      |                                                 |       |       |    |       |
|---:|:---------------------------------------------------------|:-----------------------------|:-----|:------------------------------------------------|:------|:------|:---|:------|
|  1 |                                                          | Three Months Ended March 31, |      |                                                 |       |       |    |       |
|  2 |                                                          |                              | 2024 |                                                 | 2023  |       |    |       |
|  3 |                                                          |                              |      | (Dollars in millions, except per share amounts) |       |       |    |       |
|  4 | Product sales                                            |                              |      | $                                               | 6,263 |       | $  | 6,310 |
|  5 | Service sales                                            |                              |      | 2,842                                           |       | 2,554 |    |       |
|  6 | Net sales                                                |                              |      | 9,105                                           |       | 8,864 |    |       |
|  7 | Costs, expenses and other                                |                              |      |                                                 |       |       |    |       |
|  8 | Cost of products sold                                    |                              |      | 4,035                                           |       | 4,068 |    |       |
|  9 | Cost of services sold                                    |                              |      | 1,548                                           |       | 1,430 |    |       |
| 10 | Total Cost of products and services sold                 |                              |      | 5,583                                           |       | 5,498 |    |       |
| 11 | Research and development expenses                        |                              |      | 360                                             |       | 357   |    |       |
| 12 | Selling, general and administrative expenses             |                              |      | 1,302                                           |       | 1,317 |    |       |
| 13 | Other (income) expense                                   |                              |      | (231)                                           |       | (260) |    |       |
| 14 | Interest and other financial charges                     |                              |      | 220                                             |       | 170   |    |       |
| 15 | Total costs, expenses and other                          |                              |      | 7,234                                           |       | 7,082 |    |       |
| 16 | Income before taxes                                      |                              |      | 1,871                                           |       | 1,782 |    |       |
| 17 | Tax expense                                              |                              |      | 396                                             |       | 374   |    |       |
| 18 | Net income                                               |                              |      | 1,475                                           |       | 1,408 |    |       |
| 19 | Less: Net income attributable to noncontrolling interest |                              |      | 12                                              |       | 14    |    |       |
| 20 | Net income attributable to Honeywell                     |                              |      | $                                               | 1,463 |       | $  | 1,394 |
| 21 | Earnings per share of common stock-basic                 |                              |      | $                                               | 2.24  |       | $  | 2.09  |
| 22 | Earnings per share of common stock-assuming dilution     |                              |      | $                                               | 2.23  |       | $  | 2.07  |

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)
|    |                                                                               |                       |        |                   |          |    |        |
|---:|:------------------------------------------------------------------------------|:----------------------|:-------|:------------------|:---------|:---|:-------|
|  1 |                                                                               | March 31, 2024        |        | December 31, 2023 |          |    |        |
|  2 |                                                                               | (Dollars in millions) |        |                   |          |    |        |
|  3 | ASSETS                                                                        |                       |        |                   |          |    |        |
|  4 | Current assets                                                                |                       |        |                   |          |    |        |
|  5 | Cash and cash equivalents                                                     | $                     | 11,756 |                   |          | $  | 7,925  |
|  6 | Short-term investments                                                        | 249                   |        |                   | 170      |    |        |
|  7 | Accounts receivable, less allowances of $324 and $323, respectively           | 7,476                 |        |                   | 7,530    |    |        |
|  8 | Inventories                                                                   | 6,318                 |        |                   | 6,178    |    |        |
|  9 | Other current assets                                                          | 1,635                 |        |                   | 1,699    |    |        |
| 10 | Total current assets                                                          | 27,434                |        |                   | 23,502   |    |        |
| 11 | Investments and long-term receivables                                         | 975                   |        |                   | 939      |    |        |
| 12 | Property, plant and equipment-net                                             | 5,698                 |        |                   | 5,660    |    |        |
| 13 | Goodwill                                                                      | 17,985                |        |                   | 18,049   |    |        |
| 14 | Other intangible assets-net                                                   | 3,136                 |        |                   | 3,231    |    |        |
| 15 | Insurance recoveries for asbestos-related liabilities                         | 164                   |        |                   | 170      |    |        |
| 16 | Deferred income taxes                                                         | 374                   |        |                   | 392      |    |        |
| 17 | Other assets                                                                  | 9,879                 |        |                   | 9,582    |    |        |
| 18 | Total assets                                                                  | $                     | 65,645 |                   |          | $  | 61,525 |
| 19 | LIABILITIES                                                                   |                       |        |                   |          |    |        |
| 20 | Current liabilities                                                           |                       |        |                   |          |    |        |
| 21 | Accounts payable                                                              | $                     | 6,468  |                   |          | $  | 6,849  |
| 22 | Commercial paper and other short-term borrowings                              | 1,819                 |        |                   | 2,085    |    |        |
| 23 | Current maturities of long-term debt                                          | 1,254                 |        |                   | 1,796    |    |        |
| 24 | Accrued liabilities                                                           | 6,947                 |        |                   | 7,809    |    |        |
| 25 | Total current liabilities                                                     | 16,488                |        |                   | 18,539   |    |        |
| 26 | Long-term debt                                                                | 22,183                |        |                   | 16,562   |    |        |
| 27 | Deferred income taxes                                                         | 2,063                 |        |                   | 2,094    |    |        |
| 28 | Postretirement benefit obligations other than pensions                        | 129                   |        |                   | 134      |    |        |
| 29 | Asbestos-related liabilities                                                  | 1,467                 |        |                   | 1,490    |    |        |
| 30 | Other liabilities                                                             | 6,263                 |        |                   | 6,265    |    |        |
| 31 | Redeemable noncontrolling interest                                            | 7                     |        |                   | 7        |    |        |
| 32 | SHAREOWNERS' EQUITY                                                           |                       |        |                   |          |    |        |
| 33 | Capital-common stock issued                                                   | 958                   |        |                   | 958      |    |        |
| 34 | -additional paid-in capital                                                   | 9,353                 |        |                   | 9,062    |    |        |
| 35 | Common stock held in treasury, at cost                                        | (38,544)              |        |                   | (38,008) |    |        |
| 36 | Accumulated other comprehensive income (loss)                                 | (4,048)               |        |                   | (4,135)  |    |        |
| 37 | Retained earnings                                                             | 48,735                |        |                   | 47,979   |    |        |
| 38 | Total Honeywell shareowners' equity                                           | 16,454                |        |                   | 15,856   |    |        |
| 39 | Noncontrolling interest                                                       | 591                   |        |                   | 578      |    |        |
| 40 | Total shareowners' equity                                                     | 17,045                |        |                   | 16,434   |    |        |
| 41 | Total liabilities, redeemable noncontrolling interest and shareowners' equity | $                     | 65,645 |                   |          | $  | 61,525 |

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 6:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)
|    |                                                                                |                              |        |      |         |    |       |
|---:|:----------------------------------------------------------------------------------------------------------------------|:-----------------------------|:-------|:-----|:--------|:---|:------|
|  1 |                                                                                | Three Months Ended March 31, |        |      |         |    |       |
|  2 |                                                                                | 2024                         |        | 2023 |         |    |       |
|  3 |                                                                                | (Dollars in millions)        |        |      |         |    |       |
|  4 | Cash flows from operating activities                                                                                |                              |        |      |         |    |       |
|  5 | Net income                                                                                | $                            | 1,475  |      |         | $  | 1,408 |
|  6 | Less: Net income attributable to noncontrolling interest                                                              | 12                           |        |      | 14      |    |       |
|  7 | Net income attributable to Honeywell                                                                                | 1,463                        |        |      | 1,394   |    |       |
|  8 | Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities |                              |        |      |         |    |       |
|  9 | Depreciation                                                                                | 166                          |        |      | 161     |    |       |
| 10 | Amortization                                                                                | 125                          |        |      | 122     |    |       |
| 12 | Repositioning and other charges                                                                                | 93                           |        |      | 141     |    |       |
| 13 | Net payments for repositioning and other charges                                                                      | (124)                        |        |      | (41)    |    |       |
| 14 | NARCO Buyout payment                                                                                | -                            |        |      | (1,325) |    |       |
| 15 | Pension and other postretirement income                                                                               | (151)                        |        |      | (136)   |    |       |
| 16 | Pension and other postretirement benefit payments                                                                     | (8)                          |        |      | (15)    |    |       |
| 17 | Stock compensation expense                                                                                | 53                           |        |      | 59      |    |       |
| 18 | Deferred income taxes                                                                                | 3                            |        |      | 225     |    |       |
| 20 | Other                                                                                | (163)                        |        |      | (350)   |    |       |
| 21 | Changes in assets and liabilities, net of the effects of acquisitions and divestitures                                |                              |        |      |         |    |       |
| 22 | Accounts receivable                                                                                | 53                           |        |      | (422)   |    |       |
| 23 | Inventories                                                                                | (140)                        |        |      | (238)   |    |       |
| 24 | Other current assets                                                                                | 64                           |        |      | 110     |    |       |
| 25 | Accounts payable                                                                                | (381)                        |        |      | 114     |    |       |
| 26 | Accrued liabilities                                                                                | (605)                        |        |      | (583)   |    |       |
| 27 | Net cash provided by (used for) operating activities                                                                  | 448                          |        |      | (784)   |    |       |
| 28 | Cash flows from investing activities                                                                                |                              |        |      |         |    |       |
| 29 | Capital expenditures                                                                                | (233)                        |        |      | (193)   |    |       |
| 30 | Proceeds from disposals of property, plant and equipment                                                              | -                            |        |      | 11      |    |       |
| 31 | Increase in investments                                                                                | (238)                        |        |      | (226)   |    |       |
| 32 | Decrease in investments                                                                                | 155                          |        |      | 386     |    |       |
| 34 | Receipts (payments) from settlements of derivative contracts                                                          | 43                           |        |      | (7)     |    |       |
| 37 | Net cash used for investing activities                                                                                | (273)                        |        |      | (29)    |    |       |
| 38 | Cash flows from financing activities                                                                                |                              |        |      |         |    |       |
| 39 | Proceeds from issuance of commercial paper and other short-term borrowings                                            | 2,223                        |        |      | 4,105   |    |       |
| 40 | Payments of commercial paper and other short-term borrowings                                                          | (2,470)                      |        |      | (3,294) |    |       |
| 41 | Proceeds from issuance of common stock                                                                                | 144                          |        |      | 37      |    |       |
| 42 | Proceeds from issuance of long-term debt                                                                              | 5,710                        |        |      | -       |    |       |
| 43 | Payments of long-term debt                                                                                | (573)                        |        |      | (1,363) |    |       |
| 44 | Repurchases of common stock                                                                                | (671)                        |        |      | (699)   |    |       |
| 45 | Cash dividends paid                                                                                | (703)                        |        |      | (725)   |    |       |
| 46 | Other                                                                                | 36                           |        |      | (34)    |    |       |
| 47 | Net cash provided by (used for) financing activities                                                                  | 3,696                        |        |      | (1,973) |    |       |
| 48 | Effect of foreign exchange rate changes on cash and cash equivalents                                                  | (40)                         |        |      | 28      |    |       |
| 49 | Net increase (decrease) in cash and cash equivalents                                                                  | 3,831                        |        |      | (2,758) |    |       |
| 50 | Cash and cash equivalents at beginning of period                                                                      | 7,925                        |        |      | 9,627   |    |       |
| 51 | Cash and cash equivalents at end of period                                                                            | $                            | 11,756 |      |         | $  | 6,869 |

The Notes to Consolidated Financial Statements are an integral part of this statement.

6    Honeywell International Inc.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)
|    |                                                          |                              |      |                                                 |       |       |    |       |
|---:|:---------------------------------------------------------|:-----------------------------|:-----|:------------------------------------------------|:------|:------|:---|:------|
|  1 |                                                          | Three Months Ended March 31, |      |                                                 |       |       |    |       |
|  2 |                                                          |                              | 2024 |                                                 | 2023  |       |    |       |
|  3 |                                                          |                              |      | (Dollars in millions, except per share amounts) |       |       |    |       |
|  4 | Product sales                                            |                              |      | $                                               | 6,263 |       | $  | 6,310 |
|  5 | Service sales                                            |                              |      | 2,842                                           |       | 2,554 |    |       |
|  6 | Net sales                                                |                              |      | 9,105                                           |       | 8,864 |    |       |
|  7 | Costs, expenses and other                                |                              |      |                                                 |       |       |    |       |
|  8 | Cost of products sold                                    |                              |      | 4,035                                           |       | 4,068 |    |       |
|  9 | Cost of services sold                                    |                              |      | 1,548                                           |       | 1,430 |    |       |
| 10 | Total Cost of products and services sold                 |                              |      | 5,583                                           |       | 5,498 |    |       |
| 11 | Research and development expenses                        |                              |      | 360                                             |       | 357   |    |       |
| 12 | Selling, general and administrative expenses             |                              |      | 1,302                                           |       | 1,317 |    |       |
| 13 | Other (income) expense                                   |                              |      | (231)                                           |       | (260) |    |       |
| 14 | Interest and other financial charges                     |                              |      | 220                                             |       | 170   |    |       |
| 15 | Total costs, expenses and other                          |                              |      | 7,234                                           |       | 7,082 |    |       |
| 16 | Income before taxes                                      |                              |      | 1,871                                           |       | 1,782 |    |       |
| 17 | Tax expense                                              |                              |      | 396                                             |       | 374   |    |       |
| 18 | Net income                                               |                              |      | 1,475                                           |       | 1,408 |    |       |
| 19 | Less: Net income attributable to noncontrolling interest |                              |      | 12                                              |       | 14    |    |       |
| 20 | Net income attributable to Honeywell                     |                              |      | $                                               | 1,463 |       | $  | 1,394 |
| 21 | Earnings per share of common stock-basic                 |                              |      | $                                               | 2.24  |       | $  | 2.09  |
| 22 | Earnings per share of common stock-assuming dilution     |                              |      | $                                               | 2.23  |       | $  | 2.07  |

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

,
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)
|    |                                                                               |                       |        |                   |          |    |        |
|---:|:------------------------------------------------------------------------------|:----------------------|:-------|:------------------|:---------|:---|:-------|
|  1 |                                                                               | March 31, 2024        |        | December 31, 2023 |          |    |        |
|  2 |                                                                               | (Dollars in millions) |        |                   |          |    |        |
|  3 | ASSETS                                                                        |                       |        |                   |          |    |        |
|  4 | Current assets                                                                |                       |        |                   |          |    |        |
|  5 | Cash and cash equivalents                                                     | $                     | 11,756 |                   |          | $  | 7,925  |
|  6 | Short-term investments                                                        | 249                   |        |                   | 170      |    |        |
|  7 | Accounts receivable, less allowances of $324 and $323, respectively           | 7,476                 |        |                   | 7,530    |    |        |
|  8 | Inventories                                                                   | 6,318                 |        |                   | 6,178    |    |        |
|  9 | Other current assets                                                          | 1,635                 |        |                   | 1,699    |    |        |
| 10 | Total current assets                                                          | 27,434                |        |                   | 23,502   |    |        |
| 11 | Investments and long-term receivables                                         | 975                   |        |                   | 939      |    |        |
| 12 | Property, plant and equipment-net                                             | 5,698                 |        |                   | 5,660    |    |        |
| 13 | Goodwill                                                                      | 17,985                |        |                   | 18,049   |    |        |
| 14 | Other intangible assets-net                                                   | 3,136                 |        |                   | 3,231    |    |        |
| 15 | Insurance recoveries for asbestos-related liabilities                         | 164                   |        |                   | 170      |    |        |
| 16 | Deferred income taxes                                                         | 374                   |        |                   | 392      |    |        |
| 17 | Other assets                                                                  | 9,879                 |        |                   | 9,582    |    |        |
| 18 | Total assets                                                                  | $                     | 65,645 |                   |          | $  | 61,525 |
| 19 | LIABILITIES                                                                   |                       |        |                   |          |    |        |
| 20 | Current liabilities                                                           |                       |        |                   |          |    |        |
| 21 | Accounts payable                                                              | $                     | 6,468  |                   |          | $  | 6,849  |
| 22 | Commercial paper and other short-term borrowings                              | 1,819                 |        |                   | 2,085    |    |        |
| 23 | Current maturities of long-term debt                                          | 1,254                 |        |                   | 1,796    |    |        |
| 24 | Accrued liabilities                                                           | 6,947                 |        |                   | 7,809    |    |        |
| 25 | Total current liabilities                                                     | 16,488                |        |                   | 18,539   |    |        |
| 26 | Long-term debt                                                                | 22,183                |        |                   | 16,562   |    |        |
| 27 | Deferred income taxes                                                         | 2,063                 |        |                   | 2,094    |    |        |
| 28 | Postretirement benefit obligations other than pensions                        | 129                   |        |                   | 134      |    |        |
| 29 | Asbestos-related liabilities                                                  | 1,467                 |        |                   | 1,490    |    |        |
| 30 | Other liabilities                                                             | 6,263                 |        |                   | 6,265    |    |        |
| 31 | Redeemable noncontrolling interest                                            | 7                     |        |                   | 7        |    |        |
| 32 | SHAREOWNERS' EQUITY                                                           |                       |        |                   |          |    |        |
| 33 | Capital-common stock issued                                                   | 958                   |        |                   | 958      |    |        |
| 34 | -additional paid-in capital                                                   | 9,353                 |        |                   | 9,062    |    |        |
| 35 | Common stock held in treasury, at cost                                        | (38,544)              |        |                   | (38,008) |    |        |
| 36 | Accumulated other comprehensive income (loss)                                 | (4,048)               |        |                   | (4,135)  |    |        |
| 37 | Retained earnings                                                             | 48,735                |        |                   | 47,979   |    |        |
| 38 | Total Honeywell shareowners' equity                                           | 16,454                |        |                   | 15,856   |    |        |
| 39 | Noncontrolling interest                                                       | 591                   |        |                   | 578      |    |        |
| 40 | Total shareowners' equity                                                     | 17,045                |        |                   | 16,434   |    |        |
| 41 | Total liabilities, redeemable noncontrolling interest and shareowners' equity | $                     | 65,645 |                   |          | $  | 61,525 |

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

,
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)
|    |                                                                                |                              |        |      |         |    |       |
|---:|:----------------------------------------------------------------------------------------------------------------------|:-----------------------------|:-------|:-----|:--------|:---|:------|
|  1 |                                                                                | Three Months Ended March 31, |        |      |         |    |       |
|  2 |                                                                                | 2024                         |        | 2023 |         |    |       |
|  3 |                                                                                | (Dollars in millions)        |        |      |         |    |       |
|  4 | Cash flows from operating activities                                                                                |                              |        |      |         |    |       |
|  5 | Net income                                                                                | $                            | 1,475  |      |         | $  | 1,408 |
|  6 | Less: Net income attributable to noncontrolling interest                                                              | 12                           |        |      | 14      |    |       |
|  7 | Net income attributable to Honeywell                                                                                | 1,463                        |        |      | 1,394   |    |       |
|  8 | Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities |                              |        |      |         |    |       |
|  9 | Depreciation                                                                                | 166                          |        |      | 161     |    |       |
| 10 | Amortization                                                                                | 125                          |        |      | 122     |    |       |
| 12 | Repositioning and other charges                                                                                | 93                           |        |      | 141     |    |       |
| 13 | Net payments for repositioning and other charges                                                                      | (124)                        |        |      | (41)    |    |       |
| 14 | NARCO Buyout payment                                                                                | -                            |        |      | (1,325) |    |       |
| 15 | Pension and other postretirement income                                                                               | (151)                        |        |      | (136)   |    |       |
| 16 | Pension and other postretirement benefit payments                                                                     | (8)                          |        |      | (15)    |    |       |
| 17 | Stock compensation expense                                                                                | 53                           |        |      | 59      |    |       |
| 18 | Deferred income taxes                                                                                | 3                            |        |      | 225     |    |       |
| 20 | Other                                                                                | (163)                        |        |      | (350)   |    |       |
| 21 | Changes in assets and liabilities, net of the effects of acquisitions and divestitures                                |                              |        |      |         |    |       |
| 22 | Accounts receivable                                                                                | 53                           |        |      | (422)   |    |       |
| 23 | Inventories                                                                                | (140)                        |        |      | (238)   |    |       |
| 24 | Other current assets                                                                                | 64                           |        |      | 110     |    |       |
| 25 | Accounts payable                                                                                | (381)                        |        |      | 114     |    |       |
| 26 | Accrued liabilities                                                                                | (605)                        |        |      | (583)   |    |       |
| 27 | Net cash provided by (used for) operating activities                                                                  | 448                          |        |      | (784)   |    |       |
| 28 | Cash flows from investing activities                                                                                |                              |        |      |         |    |       |
| 29 | Capital expenditures                                                                                | (233)                        |        |      | (193)   |    |       |
| 30 | Proceeds from disposals of property, plant and equipment                                                              | -                            |        |      | 11      |    |       |
| 31 | Increase in investments                                                                                | (238)                        |        |      | (226)   |    |       |
| 32 | Decrease in investments                                                                                | 155                          |        |      | 386     |    |       |
| 34 | Receipts (payments) from settlements of derivative contracts                                                          | 43                           |        |      | (7)     |    |       |
| 37 | Net cash used for investing activities                                                                                | (273)                        |        |      | (29)    |    |       |
| 38 | Cash flows from financing activities                                                                                |                              |        |      |         |    |       |
| 39 | Proceeds from issuance of commercial paper and other short-term borrowings                                            | 2,223                        |        |      | 4,105   |    |       |
| 40 | Payments of commercial paper and other short-term borrowings                                                          | (2,470)                      |        |      | (3,294) |    |       |
| 41 | Proceeds from issuance of common stock                                                                                | 144                          |        |      | 37      |    |       |
| 42 | Proceeds from issuance of long-term debt                                                                              | 5,710                        |        |      | -       |    |       |
| 43 | Payments of long-term debt                                                                                | (573)                        |        |      | (1,363) |    |       |
| 44 | Repurchases of common stock                                                                                | (671)                        |        |      | (699)   |    |       |
| 45 | Cash dividends paid                                                                                | (703)                        |        |      | (725)   |    |       |
| 46 | Other                                                                                | 36                           |        |      | (34)    |    |       |
| 47 | Net cash provided by (used for) financing activities                                                                  | 3,696                        |        |      | (1,973) |    |       |
| 48 | Effect of foreign exchange rate changes on cash and cash equivalents                                                  | (40)                         |        |      | 28      |    |       |
| 49 | Net increase (decrease) in cash and cash equivalents                                                                  | 3,831                        |        |      | (2,758) |    |       |
| 50 | Cash and cash equivalents at beginning of period                                                                      | 7,925                        |        |      | 9,627   |    |       |
| 51 | Cash and cash equivalents at end of period                                                                            | $                            | 11,756 |      |         | $  | 6,869 |

The Notes to Consolidated Financial Statements are an integral part of this statement.

6    Honeywell International Inc.

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 3:
TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)

 			Three Months Ended March 31,

				2024		2023

 					(Dollars in millions, except per share amounts)

Product sales					$	6,263 			$	6,310

Service sales					2,842 			2,554

Net sales					9,105 			8,864

Costs, expenses and other

Cost of products sold					4,035 			4,068

Cost of services sold					1,548 			1,430

Total Cost of products and services sold					5,583 			5,498

Research and development expenses					360 			357

Selling, general and administrative expenses					1,302 			1,317

Other (income) expense					(231)			(260)

Interest and other financial charges					220 			170

Total costs, expenses and other					7,234 			7,082

Income before taxes					1,871 			1,782

Tax expense					396 			374

Net income					1,475 			1,408

Less: Net income attributable to noncontrolling interest					12 			14

Net income attributable to Honeywell					$	1,463 			$	1,394

Earnings per share of common stock-basic					$	2.24 			$	2.09

Earnings per share of common stock-assuming dilution					$	2.23 			$	2.07

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 6:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)

 	Three Months Ended March 31,

 	2024		2023

 	(Dollars in millions)

Cash flows from operating activities

Net income	$	1,475 			$	1,408

Less: Net income attributable to noncontrolling interest	12 			14

Net income attributable to Honeywell	1,463 			1,394

Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities

Depreciation	166 			161

Amortization	125 			122

Repositioning and other charges	93 			141

Net payments for repositioning and other charges	(124)			(41)

NARCO Buyout payment	- 			(1,325)

Pension and other postretirement income	(151)			(136)

Pension and other postretirement benefit payments	(8)			(15)

Stock compensation expense	53 			59

Deferred income taxes	3 			225

Other	(163)			(350)

Changes in assets and liabilities, net of the effects of acquisitions and divestitures

Accounts receivable	53 			(422)

Inventories	(140)			(238)

Other current assets	64 			110

Accounts payable	(381)			114

Accrued liabilities	(605)			(583)

Net cash provided by (used for) operating activities	448 			(784)

Cash flows from investing activities

Capital expenditures	(233)			(193)

Proceeds from disposals of property, plant and equipment	- 			11

Increase in investments	(238)			(226)

Decrease in investments	155 			386

Receipts (payments) from settlements of derivative contracts	43 			(7)

Net cash used for investing activities	(273)			(29)

Cash flows from financing activities

Proceeds from issuance of commercial paper and other short-term borrowings	2,223 			4,105

Payments of commercial paper and other short-term borrowings	(2,470)			(3,294)

Proceeds from issuance of common stock	144 			37

Proceeds from issuance of long-term debt	5,710 			-

Payments of long-term debt	(573)			(1,363)

Repurchases of common stock	(671)			(699)

Cash dividends paid	(703)			(725)

Other	36 			(34)

Net cash provided by (used for) financing activities	3,696 			(1,973)

Effect of foreign exchange rate changes on cash and cash equivalents	(40)			28

Net increase (decrease) in cash and cash equivalents	3,831 			(2,758)

Cash and cash equivalents at beginning of period	7,925 			9,627

Cash and cash equivalents at end of period	$	11,756 			$	6,869

The Notes to Consolidated Financial Statements are an integral part of this statement.

6    Honeywell International Inc.

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION

The financial statements and related notes as of March 31, 2024, should be read in conjunction with the financial statements for the year ended December 31, 2023, contained in the Company's 2023 Annual Report on Form 10-K.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF OPERATIONS

(Unaudited)

 			Three Months Ended March 31,

				2024		2023

 					(Dollars in millions, except per share amounts)

Product sales					$	6,263 			$	6,310

Service sales					2,842 			2,554

Net sales					9,105 			8,864

Costs, expenses and other

Cost of products sold					4,035 			4,068

Cost of services sold					1,548 			1,430

Total Cost of products and services sold					5,583 			5,498

Research and development expenses					360 			357

Selling, general and administrative expenses					1,302 			1,317

Other (income) expense					(231)			(260)

Interest and other financial charges					220 			170

Total costs, expenses and other					7,234 			7,082

Income before taxes					1,871 			1,782

Tax expense					396 			374

Net income					1,475 			1,408

Less: Net income attributable to noncontrolling interest					12 			14

Net income attributable to Honeywell					$	1,463 			$	1,394

Earnings per share of common stock-basic					$	2.24 			$	2.09

Earnings per share of common stock-assuming dilution					$	2.23 			$	2.07

The Notes to Consolidated Financial Statements are an integral part of this statement.

3    Honeywell International Inc.

,
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

,
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)

 	Three Months Ended March 31,

 	2024		2023

 	(Dollars in millions)

Cash flows from operating activities

Net income	$	1,475 			$	1,408

Less: Net income attributable to noncontrolling interest	12 			14

Net income attributable to Honeywell	1,463 			1,394

Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities

Depreciation	166 			161

Amortization	125 			122

Repositioning and other charges	93 			141

Net payments for repositioning and other charges	(124)			(41)

NARCO Buyout payment	- 			(1,325)

Pension and other postretirement income	(151)			(136)

Pension and other postretirement benefit payments	(8)			(15)

Stock compensation expense	53 			59

Deferred income taxes	3 			225

Other	(163)			(350)

Changes in assets and liabilities, net of the effects of acquisitions and divestitures

Accounts receivable	53 			(422)

Inventories	(140)			(238)

Other current assets	64 			110

Accounts payable	(381)			114

Accrued liabilities	(605)			(583)

Net cash provided by (used for) operating activities	448 			(784)

Cash flows from investing activities

Capital expenditures	(233)			(193)

Proceeds from disposals of property, plant and equipment	- 			11

Increase in investments	(238)			(226)

Decrease in investments	155 			386

Receipts (payments) from settlements of derivative contracts	43 			(7)

Net cash used for investing activities	(273)			(29)

Cash flows from financing activities

Proceeds from issuance of commercial paper and other short-term borrowings	2,223 			4,105

Payments of commercial paper and other short-term borrowings	(2,470)			(3,294)

Proceeds from issuance of common stock	144 			37

Proceeds from issuance of long-term debt	5,710 			-

Payments of long-term debt	(573)			(1,363)

Repurchases of common stock	(671)			(699)

Cash dividends paid	(703)			(725)

Other	36 			(34)

Net cash provided by (used for) financing activities	3,696 			(1,973)

Effect of foreign exchange rate changes on cash and cash equivalents	(40)			28

Net increase (decrease) in cash and cash equivalents	3,831 			(2,758)

Cash and cash equivalents at beginning of period	7,925 			9,627

Cash and cash equivalents at end of period	$	11,756 			$	6,869

The Notes to Consolidated Financial Statements are an integral part of this statement.

6    Honeywell International Inc.


Question: How is the Quick Ratio calculated for Honeywell International Inc. as of March 31, 2024?

Method 1: The Quick Ratio for Honeywell International Inc. as of March 31, 2024, is determined as follows:
Quick Ratio = (Current Assets - Inventory) / Current Liabilities
Current Assets = $27,434 million
Inventory = $6,318 million
Current Liabilities = $16,488 million
Quick Ratio = (27,434 - 6,318) / 16,488 = 1.28
Method 2:
The Quick Ratio for Honeywell International Inc. as of March 31, 2024, is determined as follows:
Quick Ratio = (Cash and Cash Equivalents + Short-term Investments + Accounts Receivable) / Current Liabilities

Values:

Cash and Cash Equivalents = $11,756 million
Short-term Investments = $249 million
Accounts Receivable = $7,476 million
Current Liabilities = $16,488 million
Quick Ratio = (11,756 + 249 + 7,476) / 16,488
Quick Ratio = 19,481 / 16,488 ≈ 1.18

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.


Question: Could you explain how the Working Capital for Honeywell International Inc. as of March 31, 2024, is calculated?

The Working Capital for Honeywell International Inc. as of March 31, 2024, is calculated as follows:
Working Capital = Current Assets - Current Liabilities
Current Assets = $27,434 million
Current Liabilities = $16,488 million
Working Capital = 27,434 - 16,488 = $10,946 million

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.


Question: What is Honeywell International Inc.’s Operating Cash Flow Ratio for Q1 2024?

The Operating Cash Flow Ratio for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
Operating Cash Flow Ratio = Operating Cash Flow / Current Liabilities
Operating Cash Flow = $448 million
Current Liabilities = $16,488 million
Operating Cash Flow Ratio = 448 / 16,488 = 0.03

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 5:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 6:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)

 	Three Months Ended March 31,

 	2024		2023

 	(Dollars in millions)

Cash flows from operating activities

Net income	$	1,475 			$	1,408

Less: Net income attributable to noncontrolling interest	12 			14

Net income attributable to Honeywell	1,463 			1,394

Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities

Depreciation	166 			161

Amortization	125 			122

Repositioning and other charges	93 			141

Net payments for repositioning and other charges	(124)			(41)

NARCO Buyout payment	- 			(1,325)

Pension and other postretirement income	(151)			(136)

Pension and other postretirement benefit payments	(8)			(15)

Stock compensation expense	53 			59

Deferred income taxes	3 			225

Other	(163)			(350)

Changes in assets and liabilities, net of the effects of acquisitions and divestitures

Accounts receivable	53 			(422)

Inventories	(140)			(238)

Other current assets	64 			110

Accounts payable	(381)			114

Accrued liabilities	(605)			(583)

Net cash provided by (used for) operating activities	448 			(784)

Cash flows from investing activities

Capital expenditures	(233)			(193)

Proceeds from disposals of property, plant and equipment	- 			11

Increase in investments	(238)			(226)

Decrease in investments	155 			386

Receipts (payments) from settlements of derivative contracts	43 			(7)

Net cash used for investing activities	(273)			(29)

Cash flows from financing activities

Proceeds from issuance of commercial paper and other short-term borrowings	2,223 			4,105

Payments of commercial paper and other short-term borrowings	(2,470)			(3,294)

Proceeds from issuance of common stock	144 			37

Proceeds from issuance of long-term debt	5,710 			-

Payments of long-term debt	(573)			(1,363)

Repurchases of common stock	(671)			(699)

Cash dividends paid	(703)			(725)

Other	36 			(34)

Net cash provided by (used for) financing activities	3,696 			(1,973)

Effect of foreign exchange rate changes on cash and cash equivalents	(40)			28

Net increase (decrease) in cash and cash equivalents	3,831 			(2,758)

Cash and cash equivalents at beginning of period	7,925 			9,627

Cash and cash equivalents at end of period	$	11,756 			$	6,869

The Notes to Consolidated Financial Statements are an integral part of this statement.

6    Honeywell International Inc.

TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED BALANCE SHEET

(Unaudited)

 	March 31, 2024		December 31, 2023

 	(Dollars in millions)

ASSETS

Current assets

Cash and cash equivalents	$	11,756 			$	7,925

Short-term investments	249 			170

Accounts receivable, less allowances of $324 and $323, respectively	7,476 			7,530

Inventories	6,318 			6,178

Other current assets	1,635 			1,699

Total current assets	27,434 			23,502

Investments and long-term receivables	975 			939

Property, plant and equipment-net	5,698 			5,660

Goodwill	17,985 			18,049

Other intangible assets-net	3,136 			3,231

Insurance recoveries for asbestos-related liabilities	164 			170

Deferred income taxes	374 			392

Other assets	9,879 			9,582

Total assets	$	65,645 			$	61,525

LIABILITIES

Current liabilities

Accounts payable	$	6,468 			$	6,849

Commercial paper and other short-term borrowings	1,819 			2,085

Current maturities of long-term debt	1,254 			1,796

Accrued liabilities	6,947 			7,809

Total current liabilities	16,488 			18,539

Long-term debt	22,183 			16,562

Deferred income taxes	2,063 			2,094

Postretirement benefit obligations other than pensions	129 			134

Asbestos-related liabilities	1,467 			1,490

Other liabilities	6,263 			6,265

Redeemable noncontrolling interest	7 			7

SHAREOWNERS' EQUITY

Capital-common stock issued	958 			958

-additional paid-in capital	9,353 			9,062

Common stock held in treasury, at cost	(38,544)			(38,008)

Accumulated other comprehensive income (loss)	(4,048)			(4,135)

Retained earnings	48,735 			47,979

Total Honeywell shareowners' equity	16,454 			15,856

Noncontrolling interest	591 			578

Total shareowners' equity	17,045 			16,434

Total liabilities, redeemable noncontrolling interest and shareowners' equity	$	65,645 			$	61,525

The Notes to Consolidated Financial Statements are an integral part of this statement.

5    Honeywell International Inc.

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TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

(Unaudited)

 	Three Months Ended March 31,

 	2024		2023

 	(Dollars in millions)

Cash flows from operating activities

Net income	$	1,475 			$	1,408

Less: Net income attributable to noncontrolling interest	12 			14

Net income attributable to Honeywell	1,463 			1,394

Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities

Depreciation	166 			161

Amortization	125 			122

Repositioning and other charges	93 			141

Net payments for repositioning and other charges	(124)			(41)

NARCO Buyout payment	- 			(1,325)

Pension and other postretirement income	(151)			(136)

Pension and other postretirement benefit payments	(8)			(15)

Stock compensation expense	53 			59

Deferred income taxes	3 			225

Other	(163)			(350)

Changes in assets and liabilities, net of the effects of acquisitions and divestitures

Accounts receivable	53 			(422)

Inventories	(140)			(238)

Other current assets	64 			110

Accounts payable	(381)			114

Accrued liabilities	(605)			(583)

Net cash provided by (used for) operating activities	448 			(784)

Cash flows from investing activities

Capital expenditures	(233)			(193)

Proceeds from disposals of property, plant and equipment	- 			11

Increase in investments	(238)			(226)

Decrease in investments	155 			386

Receipts (payments) from settlements of derivative contracts	43 			(7)

Net cash used for investing activities	(273)			(29)

Cash flows from financing activities

Proceeds from issuance of commercial paper and other short-term borrowings	2,223 			4,105

Payments of commercial paper and other short-term borrowings	(2,470)			(3,294)

Proceeds from issuance of common stock	144 			37

Proceeds from issuance of long-term debt	5,710 			-

Payments of long-term debt	(573)			(1,363)

Repurchases of common stock	(671)			(699)

Cash dividends paid	(703)			(725)

Other	36 			(34)

Net cash provided by (used for) financing activities	3,696 			(1,973)

Effect of foreign exchange rate changes on cash and cash equivalents	(40)			28

Net increase (decrease) in cash and cash equivalents	3,831 			(2,758)

Cash and cash equivalents at beginning of period	7,925 			9,627

Cash and cash equivalents at end of period	$	11,756 			$	6,869

The Notes to Consolidated Financial Statements are an integral part of this statement.

6    Honeywell International Inc.