HONEYWELL INTERNATIONAL INC

For the period ended Dec 31, 2025. Filed Feb 17, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 17, 2026

HON$229.00+4.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statement of Cash Flows

TABLE OF CONTENTS	FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

	Years Ended December 31,
2025 · 2024 · 2023
(Dollars in millions)
Cash flows from operating activities
Net income	$4,772	$5,740	$5,672
Less: Net income from discontinued operations	304	745	743
Net income from continuing operations	4,468	4,995	4,929
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities
Depreciation	546	493	490
Amortization	842	659	514
Loss (gain) on sale of non-strategic businesses and assets	18	1	(5)
Impairment of goodwill	724	—	—
Impairment of assets held for sale	270	219	—
Repositioning and other (gains) charges	(167)	239	844
Net payments for repositioning and other charges	(378)	(470)	(445)
NARCO Buyout payment	—	—	(1,325)
Resideo indemnification and reimbursement agreement termination payment	1,590	—	—
Asbestos liabilities divestiture payment	(1,428)	—	—
Pension and other postretirement income	(396)	(477)	(408)
Pension and other postretirement benefit payments	(20)	(32)	(35)
Stock compensation expense	196	189	197
Deferred income taxes	18	(229)	189
Other	144	(191)	(534)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures
Accounts receivable	(825)	(129)	67
Inventories	(636)	(286)	(549)
Other current assets	(233)	(111)	224
Accounts payable	724	78	444
Accrued liabilities	1,325	233	270
Income taxes	(707)	(69)	(408)
Net cash provided by operating activities from continuing operations	6,075	5,112	4,459
Net cash provided by operating activities from discontinued operations	333	985	881
Net cash provided by operating activities	6,408	6,097	5,340
Cash flows from investing activities
Capital expenditures	(986)	(871)	(741)
Proceeds from disposals of property, plant and equipment	31	—	43
Increase in investments	(1,503)	(1,077)	(560)
Decrease in investments	1,469	870	971
(Payments) receipts from settlements of derivative contracts	(399)	94	6
Cash paid for acquisitions, net of cash acquired	(2,211)	(8,880)	(718)
Proceeds from sales of businesses, net of fees paid	1,157	—	4
Net cash used for investing activities from continuing operations	(2,442)	(9,864)	(995)
Net cash used for investing activities from discontinued operations	(269)	(293)	(298)
Net cash used for investing activities	(2,711)	(10,157)	(1,293)

	Years Ended December 31,
	2025	2024	2023
(Dollars in millions)
Cash flows from financing activities
Proceeds from issuance of commercial paper and other short-term borrowings	24,297	13,838	12,991
Payments of commercial paper and other short-term borrowings	(22,815)	(11,578)	(13,663)
Proceeds from issuance of common stock	237	537	196
Proceeds from issuance of long-term debt	4,035	10,408	2,986
Payments of long-term debt	(2,909)	(1,812)	(1,731)
Repurchases of common stock	(3,804)	(1,655)	(3,715)
Cash dividends paid	(2,976)	(2,902)	(2,855)
Pre-separation funding	1,962	—	—
Spin-off cash	(449)	—	—
Other	469	3	28
Net cash (used for) provided by financing activities	(1,953)	6,839	(5,763)
Effect of foreign exchange rate changes on cash and cash equivalents	176	(137)	14
Net increase (decrease) in cash and cash equivalents	1,920	2,642	(1,702)
Cash and cash equivalents at beginning of period	10,567	7,925	9,627
Cash and cash equivalents at end of period	$12,487	$10,567	$7,925

58 Honeywell International Inc.

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