Question: How is Honeywell International Inc.’s Gross Profit Margin for Q1 2024 calculated?

The Gross Profit Margin for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
Gross Profit Margin = (Gross Profit / Net Sales) * 100
Gross Profit = Net Sales - Total Cost of Products and Services Sold
Gross Profit = $9,105 million - $5,583 million = $3,522 million
Gross Profit Margin = (3,522 / 9,105) * 100 = 38.67%

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 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.


Question: What is the Operating Profit Margin for Honeywell International Inc. for Q1 2024?

 The Operating Profit Margin for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
Operating Profit Margin = (Operating Profit / Net Sales) * 100
Operating Profit = Income before taxes + Interest and other financial charges - Other (income) expense
Operating Profit = $1,871 million + $220 million - $231 million = $1,860 million
Operating Profit Margin = (1,860 / 9,105) * 100 = 20.42%

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 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.


Question: Could you provide the EBITDA Margin for Honeywell International Inc. for the three-month period ending March 31, 2024?

The EBITDA Margin for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
EBITDA Margin = (EBITDA / Net Sales) * 100
EBITDA = Operating Profit + Depreciation + Amortization
Operating Profit = $1,860 million
Depreciation = $166 million
Amortization = $125 million
EBITDA = $1,860 million + $166 million + $125 million = $2,151 million
EBITDA Margin = (2,151 / 9,105) * 100 = 23.62%

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 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 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 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 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: What was Honeywell International Inc.’s Debt to Equity Ratio as of March 31, 2024?

The Debt to Equity Ratio for Honeywell International Inc. as of March 31, 2024, is calculated as follows:
Debt to Equity Ratio = Total Debt / Shareholders' Equity
Total Debt = Long-term Debt + Current Maturities of Long-term Debt + Commercial Paper and other Short-term Borrowings
Total Debt = $22,183 million + $1,254 million + $1,819 million = $25,256 million
Shareholders' Equity = $17,045 million
Debt to Equity Ratio = 25,256 / 17,045 = 1.48

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: How is Honeywell International Inc.’s Interest Coverage Ratio for Q1 2024 determined?

The Interest Coverage Ratio for Honeywell International Inc. for the three months ended March 31, 2024, is calculated as follows:
Interest Coverage Ratio = EBIT / Interest Expenses
EBIT = Income before taxes + Interest and other financial charges - Other (income) expense
EBIT = $1,871 million + $220 million - $231 million = $1,860 million
Interest Expenses = $220 million
Interest Coverage Ratio = 1,860 / 220 = 8.45

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 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.


Question: How was the Long-term Debt to Capitalization Ratio for Honeywell International Inc. as of March 31, 2024, calculated?

The Long-term Debt to Capitalization Ratio for Honeywell International Inc. as of March 31, 2024, is determined as follows:
Long-term Debt to Capitalization Ratio = Long-term Debt / (Long-term Debt + Shareholders' Equity)
Long-term Debt = $22,183 million
Shareholders' Equity = $17,045 million
Long-term Debt to Capitalization Ratio = 22,183 / (22,183 + 17,045) = 0.57 or 57%

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.