HONEYWELL INTERNATIONAL INC
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
HON$229.00+4.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statement of Cash Flows
| TABLE OF CONTENTS | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
|---|
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 · 2022 · 2021 | |||
| (Dollars in millions) | |||
| Cash flows from operating activities | |||
| Net income | $5,672 | $4,967 | $5,610 |
| Less: Net income attributable to noncontrolling interest | 14 | 1 | 68 |
| Net income attributable to Honeywell | 5,658 | 4,966 | 5,542 |
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities | |||
| Depreciation | 659 | 657 | 674 |
| Amortization | 517 | 547 | 549 |
| Gain on sale of non-strategic businesses and assets | (5) | (22) | (102) |
| Repositioning and other charges | 860 | 1,266 | 569 |
| Net payments for repositioning and other charges | (459) | (512) | (692) |
| NARCO Buyout payment | (1,325) | — | — |
| Pension and other postretirement income | (406) | (510) | (1,114) |
| Pension and other postretirement benefit payments | (38) | (23) | (43) |
| Stock compensation expense | 202 | 188 | 217 |
| Deferred income taxes | 153 | (180) | 178 |
| Other | (837) | (358) | (28) |
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures | |||
| Accounts receivable | (42) | (739) | (8) |
| Inventories | (626) | (440) | (685) |
| Other current assets | 17 | 232 | (276) |
| Accounts payable | 518 | (155) | 744 |
| Accrued liabilities | 494 | 357 | 513 |
| Net cash provided by operating activities | 5,340 | 5,274 | 6,038 |
| Cash flows from investing activities | |||
| Capital expenditures | (1,039) | (766) | (895) |
| Proceeds from disposals of property, plant and equipment | 43 | 29 | 27 |
| Increase in investments | (560) | (1,211) | (2,373) |
| Decrease in investments | 971 | 1,255 | 2,525 |
| Receipts from Garrett Motion Inc. | — | 409 | 586 |
| Receipts (payments) from settlements of derivative contracts | 6 | 369 | 192 |
| Cash paid for acquisitions, net of cash acquired | (718) | (178) | (1,326) |
| Proceeds from sales of businesses, net of fees paid | 4 | — | 203 |
| Net cash used for investing activities | (1,293) | (93) | (1,061) |
| Cash flows from financing activities | |||
| Proceeds from issuance of commercial paper and other short-term borrowings | 12,991 | 7,661 | 5,194 |
| Payments of commercial paper and other short-term borrowings | (13,663) | (8,447) | (5,190) |
| Proceeds from issuance of common stock | 196 | 320 | 229 |
| Proceeds from issuance of long-term debt | 2,986 | 2,953 | 2,517 |
| Payments of long-term debt | (1,731) | (1,850) | (4,917) |
| Repurchases of common stock | (3,715) | (4,200) | (3,380) |
| Cash dividends paid | (2,855) | (2,719) | (2,626) |
| Other | 28 | (48) | (81) |
| Net cash used for financing activities | (5,763) | (6,330) | (8,254) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 14 | (183) | (39) |
| Net decrease in cash and cash equivalents | (1,702) | (1,332) | (3,316) |
| Cash and cash equivalents at beginning of period | 9,627 | 10,959 | 14,275 |
| Cash and cash equivalents at end of period | $7,925 | $9,627 | $10,959 |
57 Honeywell International Inc.
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