HONEYWELL INTERNATIONAL INC
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
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Repositioning and Other (Gains) Charges
| TABLE OF CONTENTS | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
|---|
NOTE 4. 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 reimbursements1 | 214 | 61 | 534 |
| Probable and reasonably estimable environmental liabilities, net of reimbursements | 268 | 37 | 35 |
| Gain on Resideo indemnification and reimbursement agreement termination1 | (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 segment profit as described in Note 22 Segment Financial Data:
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 · 2024 · 2023 | |||
| Aerospace Technologies | $(3) | $(3) | $23 |
| Industrial Automation | 77 | 60 | 139 |
| Building Automation | 41 | 25 | 58 |
| Energy and Sustainability Solutions | 8 | 18 | 7 |
| Corporate and All Other | (290) | 139 | 617 |
| Total net repositioning and other (gains) charges | $(167) | $239 | $844 |
NET REPOSITIONING CHARGES
In 2025, the Company recognized gross repositioning charges totaling $210 million, including severance costs of $138 million related to workforce reductions of 3,425 manufacturing and administrative positions primarily in the Company's Industrial Automation and Building Automation reportable business segments. The workforce reductions related to productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $11 million related to the write-down of certain assets primarily within the Company's Industrial Automation reportable business segment and corporate function. The repositioning charges included exit costs of $61 million related to current period costs incurred for closure obligations associated with site transitions in the Company's Industrial Automation reportable business segment and corporate function. Also, $57 million of previously established reserves, primarily for severance, were returned to income due to higher-than-expected voluntary exits and adjustments to the scope of previously announced repositioning actions.
74 Honeywell International Inc.
| TABLE OF CONTENTS | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
|---|
In 2024, the Company recognized gross repositioning charges totaling $221 million, including severance costs of $136 million related to workforce reductions of 3,486 manufacturing and administrative positions mainly in the Company's Industrial Automation reportable business segment and corporate function. The workforce reductions related to productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $22 million related to the write-down of certain assets primarily within the Company's Building Automation reportable business segment. The repositioning charges included exit costs of $63 million related to current period costs incurred for closure obligations associated with site transitions in the Company's Industrial Automation reportable business segment. Also, $97 million of previously established reserves, primarily for severance, were returned to income due to higher-than-expected voluntary exits and adjustments to the scope of previously announced repositioning actions.
In 2023, the Company recognized gross repositioning charges totaling $335 million, including severance costs of $162 million related to workforce reductions of 5,854 manufacturing and administrative positions mainly in the Company's Industrial Automation and Building Automation reportable business segments. The workforce reductions related to productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $41 million related to the write-down of certain assets within the Company's Industrial Automation reportable business segment and corporate function. The repositioning charges included exit costs of $132 million related to current period costs incurred for closure obligations associated with site transitions in the Company's Industrial Automation reportable business segment. Also, $56 million of previously established reserves, primarily for severance, were returned to income due to higher-than-expected voluntary exits and adjustments to the scope of previously announced repositioning actions.
The following table summarizes the status of the Company's repositioning reserves, excluding amounts that are included in Liabilities held for sale in the Consolidated Balance Sheet:
| SeveranceCosts | AssetImpairments | ExitCosts | Total | |
|---|---|---|---|---|
| Balance at December 31, 2022 | $229 | $— | $74 | $303 |
| Charges | 162 | 41 | 132 | 335 |
| Usage—cash | (170) | — | (110) | (280) |
| Usage—noncash | — | (36) | — | (36) |
| Divestitures | — | (4) | (5) | (9) |
| Adjustments | (42) | (1) | (13) | (56) |
| Foreign currency translation | 6 | — | 13 | 19 |
| Balance at December 31, 2023 | 185 | — | 91 | 276 |
| Charges | 136 | 22 | 63 | 221 |
| Usage—cash | (92) | — | (97) | (189) |
| Usage—noncash | — | (6) | — | (6) |
| Adjustments | (41) | (16) | (40) | (97) |
| Foreign currency translation | — | — | (2) | (2) |
| Reclassifications to Liabilities held for sale | (14) | — | (8) | (22) |
| Balance at December 31, 2024 | 174 | — | 7 | 181 |
| Charges | 138 | 11 | 61 | 210 |
| Usage—cash | (90) | — | (63) | (153) |
| Usage—noncash | — | (10) | — | (10) |
| Adjustments | (52) | (1) | (3) | (56) |
| Foreign currency translation | 6 | — | — | 6 |
| Reclassifications to Liabilities held for sale | (6) | — | — | (6) |
| Balance at December 31, 2025 | $170 | $— | $2 | $172 |
Certain repositioning projects will recognize exit costs in future periods when the actual liability is incurred. Such exit costs incurred in 2025, 2024, and 2023 were $60 million, $57 million, and $53 million, respectively.
75 Honeywell International Inc.
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