Question: What is the Inventory Turnover for Honeywell International Inc. for the three months ending March 31, 2024?

The Inventory Turnover for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
Inventory Turnover = Cost of Goods Sold / Average Inventory
Cost of Goods Sold = $5,583 million
Average Inventory = (Inventory at the beginning of the period + Inventory at the end of the period) / 2
Average Inventory = ($6,178 million + $6,318 million) / 2 = $6,248 million
Inventory Turnover = 5,583 / 6,248 = 0.89

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.

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.

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.

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.


Question: How is Honeywell International Inc.’s Days Sales of Inventory (DSI) for Q1 2024 calculated?

The Days Sales of Inventory (DSI) for Honeywell International Inc. for the three months ended March 31, 2024, is determined as follows:
DSI = (Average Inventory / Cost of Goods Sold) * Number of Days
Average Inventory = $6,248 million
Cost of Goods Sold = $5,583 million
Number of Days = 90 (assuming a 3-month period)
DSI = (6,248 / 5,583) * 90 = 100.7 days

HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 7:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF SHAREOWNERS' EQUITY

(Unaudited)

 			Three Months Ended March 31,

				2024		2023

								Shares		$		Shares		$

 			(In millions, except per share amounts)

Common stock, par value									957.6 			958 			957.6 			958

Additional paid-in capital

Beginning balance											9,062 					8,564

Issued for employee savings and option plans											202 					151

Stock compensation expense 											53 					59

Impact of Quantinuum contribution											36 					-

Ending balance											9,353 					8,774

Treasury stock

Beginning balance									(305.8)			(38,008)			(290.0)			(34,443)

Reacquired stock or repurchases of common stock									(3.4)			(671)			(3.5)			(699)

Issued for employee savings and option plans									2.8 			135 			1.6 			70

Ending balance									(306.4)			(38,544)			(291.9)			(35,072)

Retained earnings

Beginning balance											47,979 					45,093

Net income attributable to Honeywell											1,463 					1,394

Dividends on common stock											(707)					(690)

Ending balance											48,735 					45,797

Accumulated other comprehensive income (loss)

Beginning balance											(4,135)					(3,475)

Foreign exchange translation adjustment											78 					(59)

Pension and other postretirement benefit adjustments											(5)					(12)

Changes in fair value of available for sale investments											- 					(6)

Changes in fair value of cash flow hedges											14 					14

Ending balance											(4,048)					(3,538)

Noncontrolling interest

Beginning balance											578 					622

Net income attributable to noncontrolling interest											12 					14

Foreign exchange translation adjustment											(24)					1

Dividends paid											(4)					(41)

Contributions from noncontrolling interest holders											29 					-

Ending balance											591 					596

Total shareowners' equity									651.2 			17,045 			665.7 			17,515

Cash dividends per share of common stock											$	1.08 					$	1.03

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

7    Honeywell International Inc.

, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 9:
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)
(Dollars in tables in millions, except per share amounts)

In September 2022, the FASB issued ASU 2022-04, Liabilities-Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU is effective on January 1, 2023, except for the rollforward, which is effective on January 1, 2024, for annual disclosures. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company's Consolidated Financial Statements.
In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, to expand the scope of this guidance to include derivatives. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which extends the period of time entities can utilize the reference rate reform relief guidance under ASU 2020-04 from December 31, 2022, to December 31, 2024. The Company will apply the guidance to impacted transactions during the transition period. The adoption of this standard does not have a material impact on the Company's Consolidated Financial Statements.

NOTE 3. ACQUISITIONS AND DIVESTITURES

ACQUISITIONS

On March 27, 2024, the Company announced its intention to acquire Civitanavi Systems S.p.A. in an all-cash transaction for approximately €200 million. The transaction is not subject to any financing condition but is subject to regulatory review and approval, the tender into the offer of at least 95% of Civitanavi Systems S.p.A.'s outstanding shares, and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024 and the business will be reported within the Aerospace Technologies reportable business segment.
On December 8, 2023, the Company agreed to acquire Carrier Global Corporation's Global Access Solutions business in an all-cash transaction for $5.0 billion. The transaction is subject to regulatory review and approval and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024, and the business will be reported within the Building Automation reportable business segment.
On August 25, 2023, the Company acquired 100% of the outstanding equity interests of SCADAfence, a provider of operational technology and Internet of Things cybersecurity solutions for monitoring large scale networks, for total consideration of $52 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with SCADAfence are included in the Consolidated Balance Sheet as of March 31, 2024, including $17 million of intangible assets and $42 million of goodwill, which is not deductible for tax purposes. The purchase accounting is subject to final adjustment, primarily for the value of intangible assets, amounts allocated to goodwill, and tax balances.
On June 30, 2023, the Company acquired 100% of the outstanding equity interests of Compressor Controls Corporation, a turbomachinery services and controls company based in the United States, for total cash consideration of $673 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with Compressor Controls Corporation are included in the Consolidated Balance Sheet as of March 31, 2024, including $282 million of intangible assets and $350 million allocated to goodwill, which is deductible for tax purposes. The identifiable intangible assets primarily include customer relationships amortized over an estimated life of 15 years using an excess earnings amortization method. The purchase accounting is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, and tax balances.

DIVESTITURES

For the three months ended March 31, 2024, there were no significant divestitures that closed individually or in the aggregate.

9    Honeywell International Inc.

TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF SHAREOWNERS' EQUITY

(Unaudited)

 			Three Months Ended March 31,

				2024		2023

								Shares		$		Shares		$

 			(In millions, except per share amounts)

Common stock, par value									957.6 			958 			957.6 			958

Additional paid-in capital

Beginning balance											9,062 					8,564

Issued for employee savings and option plans											202 					151

Stock compensation expense 											53 					59

Impact of Quantinuum contribution											36 					-

Ending balance											9,353 					8,774

Treasury stock

Beginning balance									(305.8)			(38,008)			(290.0)			(34,443)

Reacquired stock or repurchases of common stock									(3.4)			(671)			(3.5)			(699)

Issued for employee savings and option plans									2.8 			135 			1.6 			70

Ending balance									(306.4)			(38,544)			(291.9)			(35,072)

Retained earnings

Beginning balance											47,979 					45,093

Net income attributable to Honeywell											1,463 					1,394

Dividends on common stock											(707)					(690)

Ending balance											48,735 					45,797

Accumulated other comprehensive income (loss)

Beginning balance											(4,135)					(3,475)

Foreign exchange translation adjustment											78 					(59)

Pension and other postretirement benefit adjustments											(5)					(12)

Changes in fair value of available for sale investments											- 					(6)

Changes in fair value of cash flow hedges											14 					14

Ending balance											(4,048)					(3,538)

Noncontrolling interest

Beginning balance											578 					622

Net income attributable to noncontrolling interest											12 					14

Foreign exchange translation adjustment											(24)					1

Dividends paid											(4)					(41)

Contributions from noncontrolling interest holders											29 					-

Ending balance											591 					596

Total shareowners' equity									651.2 			17,045 			665.7 			17,515

Cash dividends per share of common stock											$	1.08 					$	1.03

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

7    Honeywell International Inc.

,
TABLE OF CONTENTS

HONEYWELL INTERNATIONAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)
(Dollars in tables in millions, except per share amounts)

In September 2022, the FASB issued ASU 2022-04, Liabilities-Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU is effective on January 1, 2023, except for the rollforward, which is effective on January 1, 2024, for annual disclosures. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company's Consolidated Financial Statements.
In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, to expand the scope of this guidance to include derivatives. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which extends the period of time entities can utilize the reference rate reform relief guidance under ASU 2020-04 from December 31, 2022, to December 31, 2024. The Company will apply the guidance to impacted transactions during the transition period. The adoption of this standard does not have a material impact on the Company's Consolidated Financial Statements.

NOTE 3. ACQUISITIONS AND DIVESTITURES

ACQUISITIONS

On March 27, 2024, the Company announced its intention to acquire Civitanavi Systems S.p.A. in an all-cash transaction for approximately €200 million. The transaction is not subject to any financing condition but is subject to regulatory review and approval, the tender into the offer of at least 95% of Civitanavi Systems S.p.A.'s outstanding shares, and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024 and the business will be reported within the Aerospace Technologies reportable business segment.
On December 8, 2023, the Company agreed to acquire Carrier Global Corporation's Global Access Solutions business in an all-cash transaction for $5.0 billion. The transaction is subject to regulatory review and approval and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024, and the business will be reported within the Building Automation reportable business segment.
On August 25, 2023, the Company acquired 100% of the outstanding equity interests of SCADAfence, a provider of operational technology and Internet of Things cybersecurity solutions for monitoring large scale networks, for total consideration of $52 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with SCADAfence are included in the Consolidated Balance Sheet as of March 31, 2024, including $17 million of intangible assets and $42 million of goodwill, which is not deductible for tax purposes. The purchase accounting is subject to final adjustment, primarily for the value of intangible assets, amounts allocated to goodwill, and tax balances.
On June 30, 2023, the Company acquired 100% of the outstanding equity interests of Compressor Controls Corporation, a turbomachinery services and controls company based in the United States, for total cash consideration of $673 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with Compressor Controls Corporation are included in the Consolidated Balance Sheet as of March 31, 2024, including $282 million of intangible assets and $350 million allocated to goodwill, which is deductible for tax purposes. The identifiable intangible assets primarily include customer relationships amortized over an estimated life of 15 years using an excess earnings amortization method. The purchase accounting is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, and tax balances.

DIVESTITURES

For the three months ended March 31, 2024, there were no significant divestitures that closed individually or in the aggregate.

9    Honeywell International Inc.


Question: What was Honeywell International Inc.’s Receivables Turnover for Q1 2024?

The Receivables Turnover for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
Net Credit Sales = $9,105 million
Average Accounts Receivable = (Accounts Receivable at the beginning of the period + Accounts Receivable at the end of the period) / 2
Average Accounts Receivable = ($7,530 million + $7,476 million) / 2 = $7,503 million
Receivables Turnover = 9,105 / 7,503 = 1.21

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.

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.

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.

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.