Financial Analysis

ACQUISITIONS, DIVESTITURES, AND DISCONTINUED OPERATIONS ACQUISITIONS Johnson Matthey's Catalyst Technologies Business On May 22, 2025, the Company announced its agreement to acquire Johnson Matthey's Catalyst Technologies business segment in an all-cash transaction for 1.8 billion. The transaction is subject to customary closing conditions, including receipt of certain regulatory approvals. The business will be included within the Process Automation and Technology reportable business segment. Sundyne On June 6, 2025, the Company acquired 100% of the outstanding equity interests of Sundyne, a leader in the design manufacturing, and aftermarket support of highly-engineered pumps and gas compressors for process industries, for total consideration of $2,160 million, net of cash acquired. The business is part of the Energy and Sustainability Solutions reportable business segment. The following table summarizes the determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of December 31, 2025: Current assets $ 274 Intangible assets 990 Other noncurrent assets 92 Current liabilities (103) Noncurrent liabilities (224) Net assets acquired 1,029 Goodwill 1,241 Purchase price $ 2,270 The Sundyne identifiable intangible assets primarily include customer relationships, technology, and trademarks which will amortize over their estimated useful lives ranging from one to 15 years using straight-line and acce …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

COMMITMENTS AND CONTINGENCIES ENVIRONMENTAL MATTERS The Company is subject to various federal, state, local, and foreign government requirements relating to the protection of the environment. The Company believes that, as a general matter, the Company's policies, practices, and procedures are properly designed to prevent unreasonable risk of environmental damage and personal injury and that the handling, manufacture, use, and disposal of hazardous substances are in accordance with environmental and safety laws and regulations. However, mainly because of past operations and operations of predecessor companies, the Company, like other companies engaged in similar businesses, incurred remedial response and voluntary cleanup costs for site contamination and is a party to lawsuits and claims associated with environmental and safety matters, including past production of products containing hazardous substances. Additional lawsuits, claims, and costs involving environmental matters are likely to continue to arise in the future. With respect to environmental matters involving site contamination, the Company continually conducts studies, individually or jointly with other potentially responsible parties, to determine the feasibility of various remedial techniques. It is the Company's policy to record liabilities for environmental matters when remedial efforts or damage claim payments are probable and the costs can be reasonably estimated. Such liabilities are based on the Company's be …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

DEBT AND CREDIT AGREEMENTS December 31, 2025 2024 1.35% notes due 2025 1,250 2.50% notes due 2026 1,500 1,500 1.10% notes due 2027 1,000 1,000 3.50% euro notes due 2027 763 675 4.65% notes due 2027 1,150 1,150 4.95% notes due 2028 500 500 2.25% euro notes due 2028 881 779 4.25% notes due 2029 750 750 2.70% notes due 2029 750 750 4.875% notes due 2029 500 500 4.70% notes due 2030 1,000 1,000 3.375% euro notes due 2030 881 779 1.95% notes due 2030 949 1,000 4.95% notes due 2031 500 500 1.75% notes due 2031 1,496 1,500 4.75% notes due 2032 650 650 0.75% euro notes due 2032 587 519 3.75% euro notes due 2032 587 519 5.00% notes due 2033 1,100 1,100 4.50% notes due 2034 1,000 1,000 4.125% euro notes due 2034 1,174 1,039 5.00% notes due 2035 1,450 1,450 3.75% euro notes due 2036 881 779 5.70% notes due 2036 441 441 5.70% notes due 2037 462 462 5.375% notes due 2041 417 417 3.812% notes due 2047 442 442 2.80% notes due 2050 701 750 5.25% notes due 2054 1,750 1,750 5.35% notes due 2064 650 650 4.37% term loan due 2027 1,000 1,000 One month term SOFR plus 0.875% term loan due 2027 2,750 6.625% debentures due 2028 201 201 9.065% debentures due 2033 51 51 Industrial development bond obligations, floating rate maturing at various dates through 2037 22 22 Other (including finance leases), 2.5% weighted average interest rate maturing at various dates through 2040 110 329 Fair value of hedging instruments (79) (136) Debt issuance costs (280) (303) Total Long-term debt and current related mat …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

See the following disaggregated revenue table and related discussions by reportable business segment for details: Years Ended December 31, 2025 2024 2023 Aerospace Technologies Commercial Aviation Original Equipment $ 2,513 $ 2,223 $ 2,397 Commercial Aviation Aftermarket 7,777 7,144 6,241 Defense and Space 7,220 6,091 4,986 Net Aerospace Technologies sales 17,510 15,458 13,624 Industrial Automation Sensing and Safety Technologies 1,171 1,824 1,983 Productivity Solutions and Services 1,132 1,202 1,313 Process Solutions 6,165 6,111 6,017 Warehouse and Workflow Solutions 933 914 1,443 Net Industrial Automation sales 9,401 10,051 10,756 Building Automation Products 4,480 3,868 3,583 Building Solutions 2,887 2,672 2,448 Net Building Automation sales 7,367 6,540 6,031 Energy and Sustainability Solutions UOP 3,134 2,644 2,586 Net Energy and Sustainability Solutions sales 3,134 2,644 2,586 Corporate and All Other 30 24 12 Net sales $ 37,442 $ 34,717 $ 33,009 The disaggregation of the Company's revenue based on timing of recognition is as follows: Years Ended December 31, 2025 2024 2023 Products, transferred point in time 52 % 53 % 54 % Products, transferred over time 13 13 14 Net product sales 65 66 68 Services, transferred point in time 5 4 11 Services, transferred over time 30 30 21 Net service sales 35 34 32 Net sales 100 % 100 % 100 %

DisaggregationOfRevenueTableTextBlock

STOCK-BASED COMPENSATION PLANS The 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (2016 Plan) and 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (2016 Directors Plan) were both approved by the shareowners at the Annual Meeting of Shareowners effective on April 25, 2016. As of December 31, 2025, there were 25.3 million and 0.8 million shares of Honeywell common stock available for future grants under terms of the 2016 Plan and 2016 Directors Plan, respectively. In connection with the spin-off of the Advanced Materials business as described in Note 2 Acquisitions, Divestitures, and Discontinued Operations , all outstanding equity awards were equitably converted to preserve the pre-spin-off value, as required by the 2016 Plan and the 2016 Directors Plan. For vested and unexercised stock options, as well as unvested stock options and restricted stock unit (RSU) awards associated with Honeywell employees, the exercise price and number of shares were adjusted as applicable. The terms of the outstanding awards, including remaining vesting periods of unvested awards, remain the same after conversion. For all unvested stock options and RSU awards associated with Solstice employees, the awards were equitably converted into Solstice awards and are no longer outstanding under the Companys plans. The adjustments did not result in additional compensation expense. The information disclosed in this note includes the results of both co …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

GOODWILL AND OTHER INTANGIBLE ASSETSNET The following table summarizes the change in the carrying amount of goodwill for the years ended December 31, 2025, and 2024, by reportable business segment: Aerospace Technologies Industrial Automation Building Automation Energy and Sustainability Solutions Corporate and All Other Total Goodwill December 31, 2023 $ 2,386 $ 9,650 $ 3,380 $ 916 $ 906 $ 17,238 Acquisitions 660 2,827 876 4,363 Currency translation adjustment (18) (75) (71) (7) (171) Reclassified to Assets held for sale (411) (411) December 31, 2024 3,028 9,164 6,136 1,792 899 21,019 Acquisitions (28) 122 1,259 1,353 Currency translation adjustment 25 312 181 1 50 569 Impairment (724) (724) Reclassified to Assets held for sale (1,138) (1,138) December 31, 2025 $ 3,025 $ 7,614 $ 6,439 $ 3,052 $ 949 $ 21,079 Other intangible assets are comprised of: December 31, 2025 December 31, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-life intangibles Patents and technology $ 3,354 $ (1,714) $ 1,640 $ 3,506 $ (1,845) $ 1,661 Customer relationships 6,325 (2,008) 4,317 6,378 (2,224) 4,154 Trademarks 297 (232) 65 398 (296) 102 Other 592 (272) 320 558 (268) 290 Total definite-life intangiblesnet 10,568 (4,226) 6,342 10,840 (4,633) 6,207 Indefinite-life intangibles Trademarks 1 394 394 414 414 Total Other intangible assetsnet 2 $ 10,962 $ (4,226) $ 6,736 $ 11,254 $ (4,633) $ 6,621 1 An impa …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

INCOME TAXES INCOME BEFORE TAXES Years Ended December 31, 2025 2024 2023 U.S. $ 373 $ 1,442 $ 1,652 Non-U.S. 5,103 4,802 4,539 Total Income before taxes $ 5,476 $ 6,244 $ 6,191 TAX EXPENSE Tax expense consists of: Years Ended December 31, 2025 2024 2023 Current U.S. Federal $ 49 $ 478 $ 13 U.S. State 27 57 22 Non-U.S. 914 943 1,038 Total current tax expense 990 1,478 1,073 Deferred U.S. Federal 10 (209) 58 U.S. State (54) (23) 17 Non-U.S. 62 3 114 Total deferred tax expense (benefit) 18 (229) 189 Total Tax expense $ 1,008 $ 1,249 $ 1,262 The U.S. federal statutory income tax rate is reconciled to the effective income tax rate as follows: December 31, 2025 Amount Percent U.S. federal statutory income tax rate 1,150 21.0 State and local income taxes, net of federal income tax effect 1 (45) (0.8) Foreign tax effects Puerto Rico Statutory tax rate difference between Puerto Rico and United States 124 2.3 Preferential tax rate (252) (4.6) Other 54 1.0 Switzerland Statutory tax rate difference between Switzerland and United States (278) (5.1) Subnational tax effects 144 2.6 Other (23) (0.4) Other foreign jurisdictions 265 4.9 Effect of cross-border tax laws Global intangible low-taxed income 153 2.8 Other (82) (1.5) Tax credits Research and development tax credits (214) (3.9) Other (3) (0.1) Changes in valuation allowance 129 2.4 Nontaxable or nondeductible items Impairment losses 164 3.0 Indemnification termination gain (168) (3.1) Other 4 0.1 Changes in unrecognized tax benefits ( …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

LEASES A significant portion of the Company's operating and finance lease portfolio includes corporate offices, research and development facilities, manufacturing sites, IT equipment, and automobiles. The majority of the Company's leases have remaining lease terms of one year to 20 years, some of which include options to extend the leases for five years or more. Operating lease ROU assets are included in Other assets. The current portion of operating lease liabilities are included in Accrued liabilities, and the non-current portion of operating lease liabilities are included in Other liabilities in the Consolidated Balance Sheet. Finance lease ROU assets are included in Property, plant and equipmentnet. The current portion of finance lease liabilities are included in Current maturities of long-term debt, and the non-current portion of finance lease liabilities are included in Long-term debt in the Consolidated Balance Sheet. A portion of the Company's real estate leases are generally subject to annual changes in the Consumer Price Index (CPI). The changes to the CPI are treated as variable lease payments and recognized in the period in which the obligation for those payments was incurred. In addition, a subset of the Company's automobile leases are considered variable. The variable lease payments for such automobile leases are based on actual mileage incurred at the stated contractual rate and recognized in the period in which the obligation for those payments are incurred. Y …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

RECENT ACCOUNTING PRONOUNCEMENTS The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's Consolidated Financial Statements. In September 2025, the FASB issued ASU 2025-06, IntangiblesGoodwill and OtherInternal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software , which modernizes the accounting for internal-use software costs by removing all references to prescriptive and sequential software development stages. The new standard requires entities to consider whether significant development uncertainty has been resolved before starting to capitalize software costs and aligns disclosure requirements with Accounting Standard Codification (ASC) 360, Property, Plant, and Equipment . The ASU is effective for annual and interim reporting periods beginning after December 15, 2027, and can be applied prospectively, retrospectively, or using a modified transition method, with early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company's Consolidated Financial Statements. In November 2024, the FASB issued ASU 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses , which re …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"PENSION AND OTHER POSTRETIREMENT BENEFITS The Company sponsors a number of both funded and unfunded U.S. and non-U.S. defined benefit pension plans. Pension benefits for many of the Company's U.S. employees are provided through non-contributory, qualified, and non-qualified defined benefit plans. All non-union hourly and salaried employees joining Honeywell for the first time after December 31, 2012, are not eligible to participate in Honeywells U.S. defined benefit pension plans. The Company also sponsors defined benefit pension plans which cover non-U.S. employees who are not U.S. citizens, in certain jurisdictions, principally the UK, Germany, and Canada. Other pension plans outside of the U.S. are not material to the Company either individually or in the aggregate. The Company sponsors postretirement benefit plans that provide health care benefits and life insurance coverage mainly to U.S. eligible retirees. None of Honeywells U.S. employees are eligible for a retiree medical subsidy from the Company. In addition, the vast majority of Honeywells U.S. retirees either have no Company subsidy or have a fixed-dollar subsidy amount. This significantly limits the Company's exposure to the impact of future health care cost increases. The retiree medical and life insurance plans are not funded. Claims and expenses are paid from the Company's cash flows from operations. In connection with the completion of the October 30, 2025 spin-off of the Advanced Materials business, approxim …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

REPOSITIONING AND OTHER (GAINS) CHARGES A summary of net repositioning and other (gains) charges follows: Years Ended December 31, 2025 2024 2023 Severance $ 138 $ 136 $ 162 Asset impairments 11 22 41 Exit costs 61 63 132 Reserve adjustments (57) (97) (56) Total net repositioning charges 153 124 279 Asbestos-related charges and loss on asbestos liabilities divestiture, net of insurance and reimbursements 1 214 61 534 Probable and reasonably estimable environmental liabilities, net of reimbursements 268 37 35 Gain on Resideo indemnification and reimbursement agreement termination 1 (802) Other charges 17 (4) Total net repositioning and other (gains) charges $ (167) $ 239 $ 844 1 Refer to Note 19 Commitments and Contingencies for further discussion of the 2025 asbestos liabilities divestiture transaction and gain related to the Resideo indemnification and reimbursement agreement termination. The following table summarizes the pre-tax distribution of total net repositioning and other (gains) charges by classification in the Consolidated Statement of Operations: Years Ended December 31, 2025 2024 2023 Cost of products and services sold $ 513 $ 109 $ 680 Selling, general and administrative expenses 122 113 163 Other (income) expense (802) 17 1 Total net repositioning and other (gains) charges $ (167) $ 239 $ 844 The following table summarizes the pre-tax amount of total net repositioning and other (gains) charges by reportable business segment. These amounts are excluded from segm …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS The Company has a comprehensive offering of products and services, including software and technologies, that are sold to a variety of customers in multiple end markets. See the following disaggregated revenue table and related discussions by reportable business segment for details: Years Ended December 31, 2025 2024 2023 Aerospace Technologies Commercial Aviation Original Equipment $ 2,513 $ 2,223 $ 2,397 Commercial Aviation Aftermarket 7,777 7,144 6,241 Defense and Space 7,220 6,091 4,986 Net Aerospace Technologies sales 17,510 15,458 13,624 Industrial Automation Sensing and Safety Technologies 1,171 1,824 1,983 Productivity Solutions and Services 1,132 1,202 1,313 Process Solutions 6,165 6,111 6,017 Warehouse and Workflow Solutions 933 914 1,443 Net Industrial Automation sales 9,401 10,051 10,756 Building Automation Products 4,480 3,868 3,583 Building Solutions 2,887 2,672 2,448 Net Building Automation sales 7,367 6,540 6,031 Energy and Sustainability Solutions UOP 3,134 2,644 2,586 Net Energy and Sustainability Solutions sales 3,134 2,644 2,586 Corporate and All Other 30 24 12 Net sales $ 37,442 $ 34,717 $ 33,009 Aerospace Technologies A global supplier of products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets including commercial air transport, business aviation, airlines, aircraft operators, and defense and space primes and U.S. …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

SEGMENT FINANCIAL DATA Honeywell globally manages its business operations through four reportable business segments. Segment information is consistent with how the Chairman and Chief Executive Officer, who is the Company's chief operating decision maker, and management reviews the businesses, makes investing and resource allocation decisions, and assesses operating performance. Honeywells senior management evaluates segment performance based on segment profit. Each segments profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, interest and other financial charges, interest income, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs, impairment of goodwill, impairment of assets held for sale, stock compensation expense, pension and other postretirement income (expense), repositioning and other (gains) charges, and other items within Other (income) expense. In October 2025, the Company announced a planned realignment, expected to be effective in the first quarter of 2026, of its business units comprising its Industrial Automation and Energy and Sustainability Solutions reportable business segments. This realignment will form a new reportable business segment, Process Automation and Technology, and result in a new composition of its Industrial Automation reportable business segment. Process Automation and Technology will be comprised of UOP, which is currently in Energy and Sustai …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ACCOUNTING PRINCIPLES The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America. The following is a description of Honeywells significant accounting policies. PRINCIPLES OF CONSOLIDATION The Consolidated Financial Statements include the accounts of Honeywell International Inc. and all of its subsidiaries and entities in which a controlling interest is maintained. The Company's consolidation policy requires equity investments that the Company exercises significant influence over, but does not control the investee and are not the primary beneficiary of the investees activities, to be accounted for using the equity method. Investments through which the Company is not able to exercise significant influence over the investee and which the Company does not have readily determinable fair values are accounted for under the cost method. All intercompany transactions and balances are eliminated in consolidation. USE OF ESTIMATES In preparation of the consolidated financial statements in accordance with generally accepted accounting principles, the Company makes certain estimates and assumptions in determining the amounts reflected in the financial statements and the related notes. Actual results could differ from those estimates. RECLASSIFICATIONS Certain prior year amounts are reclassified to conform to the current year presentation. This includes t …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

CAPITAL STOCK The Company is authorized to issue up to 2.0 billion shares of common stock, with a par value of $1 per share. Common shareowners are entitled to receive such dividends as may be declared by the Board, are entitled to one vote per share, and are entitled, in the event of liquidation, to share ratably in all the assets of the Company which are available for distribution to the common shareowners. Common shareowners do not have preemptive or conversion rights. Shares of common stock issued and outstanding or held in treasury are not liable to further calls or assessments. There are no restrictions on the Company relative to dividends or the repurchase or redemption of common stock. On April 24, 2023, the Board authorized the repurchase of up to a total of $10.0 billion of Honeywell common stock. Approximately $1.7 billion remained available as of December 31, 2025, for additional share repurchases. Total following table summarizes the Company's repurchases of common stock: Years Ended December 31, 2025 2024 2023 Shares (in millions) $ Shares (in millions) $ Shares (in millions) $ Reacquired stock or repurchases of common stock 1 18.1 3,819 8.0 1,672 19.2 3,715 1 Includes excise tax on net share repurchases. The Company is authorized to issue up to 40.0 million shares of preferred stock, without par value, and can determine the number of shares of each series, and the rights, preferences, and limitations of each series. At December 31, 2025, there was no preferred …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

COMMITMENTS AND CONTINGENCIES ENVIRONMENTAL MATTERS The Company is subject to various federal, state, local, and foreign government requirements relating to the protection of the environment. With respect to environmental matters involving site contamination, the Company continually conducts studies, individually or jointly with other potentially responsible parties, to determine the feasibility of various remedial techniques. It is the Companys policy to record liabilities for environmental matters when remedial efforts or damage claim payments are probable and the costs can be reasonably estimated. Such liabilities are based on the Companys best estimate of the undiscounted future costs required to complete the remedial work. The recorded liabilities are adjusted periodically as remediation efforts progress or as additional technical, regulatory, or legal information becomes available. Honeywell Technologies environmental matters are further described in Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements in the Companys 2025 Annual Report on Form 10-K. The following table summarizes information concerning the Companys recorded liabilities for environmental costs: Balance at December 31, 2025 $ 894 Accruals for environmental matters deemed probable and reasonably estimable 50 Environmental liability payments (52) Balance at June 30, 2026 $ 892 Environmental liabilities are included in the following balance sheet accounts: June 30, 2026 Decemb …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

DEBT AND CREDIT AGREEMENTS June 30, 2026 December 31, 2025 2.50% notes due 2026 $ 1,500 $ 1,500 June 30, 2026 December 31, 2025 1.10% notes due 2027 1,000 1,000 3.50% euro notes due 2027 763 4.65% notes due 2027 1,150 4.95% notes due 2028 500 3.90% notes due 2028 1,250 2.25% euro notes due 2028 881 4.00% notes due 2029 1,250 SOFR plus 0.63% notes due 2029 500 4.25% notes due 2029 750 2.70% notes due 2029 750 750 4.875% notes due 2029 500 4.70% notes due 2030 1,000 3.375% euro notes due 2030 405 881 1.95% notes due 2030 949 949 4.30% notes due 2031 2,000 4.95% notes due 2031 226 500 1.75% notes due 2031 1,496 1,496 4.75% notes due 2032 281 650 0.75% euro notes due 2032 567 587 3.75% euro notes due 2032 202 587 4.60% notes due 2033 1,750 5.00% notes due 2033 460 1,100 4.50% notes due 2034 1,000 1,000 4.125% euro notes due 2034 606 1,174 5.00% notes due 2035 517 1,450 4.95% notes due 2036 3,250 3.75% euro notes due 2036 426 881 5.70% notes due 2036 226 441 5.70% notes due 2037 220 462 5.375% notes due 2041 196 417 5.622% notes due 2046 1,000 3.812% notes due 2047 442 442 2.80% notes due 2050 701 701 5.25% notes due 2054 537 1,750 5.732% notes due 2056 3,500 5.35% notes due 2064 189 650 5.852% notes due 2066 1,500 4.37% term loan due 2027 1,000 One month term SOFR plus 0.875% term loan due 2027 2,750 2,750 6.625% debentures due 2028 141 201 9.065% debentures due 2033 40 51 Industrial development bond obligations, floating rate maturing at various dates through 2037 12 22 Other (i …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

See the following disaggregated revenue table and related discussions by reportable business segment for details: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Aerospace Technologies Commercial Aviation Original Equipment $ 686 $ 586 $ 1,334 $ 1,213 Commercial Aviation Aftermarket 2,048 1,916 4,007 3,815 Defense and Space 1,798 1,805 3,513 3,451 Net Aerospace Technologies sales 4,532 4,307 8,854 8,479 Building Automation Products 1,092 985 2,097 1,890 Solutions 910 841 1,787 1,628 Net Building Automation sales 2,002 1,826 3,884 3,518 Process Automation and Technology Projects 753 667 1,439 1,269 Aftermarket 926 946 1,753 1,789 Net Process Automation and Technology sales 1,679 1,613 3,192 3,058 Industrial Automation Products 1,015 1,138 1,973 2,311 Solutions 486 436 949 860 Net Industrial Automation sales 1,501 1,574 2,922 3,171 Corporate and All Other 5 2 10 21 Total Net sales $ 9,719 $ 9,322 $ 18,862 $ 18,247 The disaggregation of the Companys revenue based on timing of recognition is as follows: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Products, transferred point in time 51 % 52 % 50 % 53 % Products, transferred over time 15 14 15 13 Net product sales 66 66 65 66 Services, transferred point in time 6 5 6 5 Services, transferred over time 28 29 29 29 Net service sales 34 34 35 34 Net sales 100 % 100 % 100 % 100 % …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

GOODWILL AND OTHER INTANGIBLE ASSETSNET As part of the segment realignment discussed in Note 18 Segment Financial Data , the Company performed a reallocation of goodwill on a relative fair value basis as of the first quarter of 2026, with goodwill in prior periods recast on a consistent basis. This resulted in a reallocation of goodwill between the Industrial Automation and Process Automation and Technology reportable business segments. We performed interim impairment tests in the first quarter of 2026 for reporting units impacted and determined there was no goodwill impairment. The following table summarizes the change in the carrying amount of goodwill for the six months ended June 30, 2026, by reportable business segment: December 31, 2025 Acquisitions Divestitures Currency Translation Adjustment June 30, 2026 Aerospace Technologies $ 3,025 $ $ $ (12) $ 3,013 Building Automation 6,439 (44) 6,395 Process Automation and Technology 7,140 (93) (11) 7,036 Industrial Automation 3,526 8 (11) 3,523 Corporate and All Other 949 (949) Total Goodwill $ 21,079 $ (85) $ (949) $ (78) $ 19,967 Other intangible assets are comprised of: June 30, 2026 December 31, 2025 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-life intangibles Patents and technology $ 3,151 $ (1,742) $ 1,409 $ 3,354 $ (1,714) $ 1,640 Customer relationships 6,374 (2,144) 4,230 6,325 (2,008) 4,317 Trademarks 296 (235) 61 297 (2 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

INCOME TAXESThe effective tax rate was higher than the U.S. federal statutory rate of 21% and increased during 2026 compared to 2025 as a result of changes in accruals on foreign tax matters and transaction related tax costs, primarily related to the Quantinuum deconsolidation and Aerospace Spin-Off, partially offset by changes in valuation allowance.

IncomeTaxDisclosureTextBlock

LEASES The Companys operating and finance lease portfolio is described in Note 10 Leases of Notes to Consolidated Financial Statements in the Companys 2025 Annual Report on Form 10-K. Supplemental cash flow information related to leases was as follows: Six Months Ended June 30, 2026 2025 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 75 $ 123 Finance leases 20 10 Supplemental balance sheet information related to leases was as follows: June 30, 2026 December 31, 2025 Operating leases Other assets $ 862 $ 876 Accrued liabilities $ 176 $ 174 Other liabilities 791 809 Total operating lease liabilities $ 967 $ 983 Finance leases Property, plant and equipment $ 138 $ 171 Accumulated depreciation (84) (110) Property, plant and equipmentnet $ 54 $ 61 Current maturities of long-term debt $ 32 $ 37 Long-term debt 25 27 Total finance lease liabilities $ 57 $ 64 …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

RECENT ACCOUNTING PRONOUNCEMENTS The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Companys Consolidated Financial Statements. In September 2025, the FASB issued ASU 2025-06, IntangiblesGoodwill and OtherInternal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software , which modernizes the accounting for internal-use software costs by removing all references to prescriptive and sequential software development stages. The new standard requires entities to consider whether significant development uncertainty has been resolved before starting to capitalize software costs and aligns disclosure requirements with Accounting Standards Codification (ASC) 360, Property, Plant, and Equipment . This ASU is effective for annual and interim reporting periods beginning after December 15, 2027, and can be applied prospectively, retrospectively, or using a modified transition method, with early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Companys Consolidated Financial Statements. In November 2024, the FASB issued ASU 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses , which re …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

PENSION BENEFITS Net periodic pension benefit (income) cost for the Companys significant pension plans included the following components: U.S. Plans Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Service cost $ 6 $ 7 $ 12 $ 14 Interest cost 131 147 262 294 Expected return on plan assets (282) (289) (564) (578) Net periodic benefit (income) cost $ (145) $ (135) $ (290) $ (270) Net periodic benefit (income) cost - continuing operations $ (145) $ (134) $ (290) $ (268) Net periodic benefit (income) cost - discontinued operations (1) (2) Non-U.S. Plans Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Service cost $ $ 1 $ 1 $ 2 Interest cost 42 45 84 92 Expected return on plan assets (70) (69) (141) (142) Amortization of prior service (credit) 1 Recognition of actuarial (gains) losses 14 Settlements and curtailments 68 68 Net periodic benefit (income) cost $ (28) $ 45 $ (55) $ 34 Net periodic benefit (income) cost - continuing operations $ (28) $ 44 $ (55) $ 33 Net periodic benefit (income) cost - discontinued operations 1 1 The Company completed no repurchases of outstanding Honeywell Technologies shares of common stock from the Honeywell Technologies U.S. Pension Plan Master Trust during the three months ended June 30, 2026. The Company repurchased $100 million of outstanding Honeywell Technologies shares of common stock from the Honeywell Technologies U.S. Pension Plan Master Trust during the six months ended June 30, 2026. The …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

REPOSITIONING AND OTHER CHARGES A summary of net repositioning and other charges follows: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Severance $ 7 $ 3 $ 43 $ 27 Asset impairments 49 1 52 2 Exit costs 15 17 26 28 Reserve adjustments (7) (11) (15) (40) Total net repositioning charges 64 10 106 17 Asbestos-related charges, net of insurance and reimbursements 1 21 2 41 Probable and reasonably estimable environmental liabilities, net of reimbursements 26 8 51 24 Total net repositioning and other charges $ 91 $ 39 $ 159 $ 82 The following table summarizes the pre-tax distribution of total net repositioning and other charges by classification in the Consolidated Statement of Operations: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Cost of products and services sold $ 80 $ 30 $ 128 $ 65 Selling, general and administrative expenses 11 9 31 17 Total net repositioning and other charges $ 91 $ 39 $ 159 $ 82 The following table summarizes the pre-tax amount of total net repositioning and other charges by reportable business segment. These amounts are excluded from segment profit as described in Note 18 Segment Financial Data : Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Aerospace Technologies $ $ 1 $ 1 $ (6) Building Automation 5 1 10 12 Process Automation and Technology 49 (5) 65 (10) Industrial Automation 7 9 10 20 Corporate and All Other 30 33 73 66 Total net repositioning and other charges $ 91 $ …

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REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS The Company has a comprehensive offering of products and services, including software and technologies, that are sold to a variety of customers in multiple end markets. Beginning in 2026, the disaggregation of revenue within its Building Automation, Process Automation and Technology, and Industrial Automation segments is reported based on business model. See the following disaggregated revenue table and related discussions by reportable business segment for details: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Aerospace Technologies Commercial Aviation Original Equipment $ 686 $ 586 $ 1,334 $ 1,213 Commercial Aviation Aftermarket 2,048 1,916 4,007 3,815 Defense and Space 1,798 1,805 3,513 3,451 Net Aerospace Technologies sales 4,532 4,307 8,854 8,479 Building Automation Products 1,092 985 2,097 1,890 Solutions 910 841 1,787 1,628 Net Building Automation sales 2,002 1,826 3,884 3,518 Process Automation and Technology Projects 753 667 1,439 1,269 Aftermarket 926 946 1,753 1,789 Net Process Automation and Technology sales 1,679 1,613 3,192 3,058 Industrial Automation Products 1,015 1,138 1,973 2,311 Solutions 486 436 949 860 Net Industrial Automation sales 1,501 1,574 2,922 3,171 Corporate and All Other 5 2 10 21 Total Net sales $ 9,719 $ 9,322 $ 18,862 $ 18,247 Aerospace Technologies A global supplier of products, software, and services for aircrafts that it sells to original equipment manufacturers ( …

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SEGMENT FINANCIAL DATA Through June 29, 2026, the date of the Aerospace Spin-Off, Honeywell Technologies globally managed its business operations through four reportable business segments. Segment information is consistent with how the Chairman and Chief Executive Officer, who is the Companys chief operating decision maker, and management reviews the businesses, makes investing and resource allocation decisions, and assesses operating performance. Honeywell Technologies senior management evaluates segment performance based on segment profit. Each segments profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, interest and other financial charges, interest income, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs, impairment of goodwill, impairment of assets held for sale, stock compensation expense, pension and other postretirement income (expense), repositioning and other (gains) charges, loss on debt extinguishment, gain on deconsolidation of subsidiary, and other items within Other (income) expense. Effective during the first quarter of 2026, the Company realigned certain of its business units comprising the Industrial Automation and Energy and Sustainability Solutions reportable business segments. This realignment formed a new reportable business segment, Process Automation and Technology, and resulted in a new composition of the Industrial Automation reportable business s …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of the Company are set forth in Note 1 Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements in the Companys 2025 Annual Report on Form 10-K. The Company includes herein certain updates to those policies. RECLASSIFICATIONS Certain prior year amounts are reclassified to conform to the current year presentation. On October 30, 2025, the Company completed the spin-off of its Advanced Materials business into an independent, publicly traded company named Solstice Advanced Materials Inc. (Solstice). Results of operations, financial position, and cash flows for the Advanced Materials business are reported as discontinued operations for all periods presented. Unless otherwise noted, information in these notes to consolidated financial statements relates to continuing operations. Effective beginning in the first quarter of 2026, the Company realigned certain of its business units as reflected in Note 18 Segment Financial Data , which impacted the composition of its reportable segments. The Company recast historical periods to reflect this change in segment presentation, including the reallocation of goodwill on a relative fair value basis as discussed in Note 8 Goodwill and Other Intangible AssetsNet . SUPPLY CHAIN FINANCING Amounts outstanding related to supply chain financing programs are included in Accounts payable in the Consolidated Balance Sheet. Accounts payable included appro …

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SUBSEQUENT EVENTS In the third quarter on June 29, 2026, the Company completed the Aerospace Spin-Off. See Note 3 Acquisitions, Divestitures, and Discontinued Operations for more information. On June 29, 2026, following the Aerospace Spin-Off, the Reverse Stock Split became effective. See Note 1 Basis of Presentation for more information. On July 17, 2026, the Company acquired Johnson Mattheys Catalyst Technologies business segment for total consideration of $1,750 million, net of cash acquired. See Note 3 Acquisitions, Divestitures, and Discontinued Operations for more information. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing