Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Honeywell International Inc., adjusted current assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Current assets	27,908)	23,502)	24,982)	25,372)	28,175)
Adjustments
Add: Allowances	314)	323)	326)	177)	202)
After Adjustment
Adjusted current assets	28,222)	23,825)	25,308)	25,549)	28,377)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Download chart

Honeywell International Inc., adjusted total assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total assets	75,196)	61,525)	62,275)	64,470)	64,586)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowances	314)	323)	326)	177)	202)
Less: Deferred tax assets²	238)	392)	421)	489)	760)
After Adjustment
Adjusted total assets	75,272)	61,456)	62,180)	64,158)	64,028)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

Download chart

Honeywell International Inc., adjusted current liabilities

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Current liabilities	21,256)	18,539)	19,938)	19,508)	19,197)
Adjustments
Less: Current customer advances and deferred income	3,506)	3,499)	3,555)	3,163)	2,932)
Less: Current obligations for product warranties and product performance guarantees	202)	182)	175)	180)	183)
Less: Current repositioning reserves	185)	279)	309)	411)	601)
After Adjustment
Adjusted current liabilities	17,363)	14,579)	15,899)	15,754)	15,481)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Download chart

Honeywell International Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total liabilities	56,035)	45,084)	44,949)	45,221)	46,789)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities²	1,787)	2,094)	2,093)	2,364)	2,113)
Less: Customer advances and deferred income	4,696)	4,670)	4,889)	4,487)	4,288)
Less: Obligations for product warranties and product performance guarantees	237)	219)	213)	223)	243)
Less: Repositioning reserves	185)	279)	309)	411)	601)
After Adjustment
Adjusted total liabilities	49,130)	37,822)	37,445)	37,736)	39,544)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

Download chart

Honeywell International Inc., adjusted total Honeywell shareowners’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total Honeywell shareowners’ equity	18,619)	15,856)	16,697)	18,569)	17,549)
Adjustments
Less: Net deferred tax asset (liability)¹	(1,549)	(1,702)	(1,672)	(1,874)	(1,353)
Add: Allowances	314)	323)	326)	177)	202)
Add: Customer advances and deferred income	4,696)	4,670)	4,889)	4,487)	4,288)
Add: Obligations for product warranties and product performance guarantees	237)	219)	213)	223)	243)
Add: Repositioning reserves	185)	279)	309)	411)	601)
Add: Redeemable noncontrolling interest	7)	7)	7)	7)	7)
Add: Noncontrolling interest	535)	578)	622)	673)	241)
After Adjustment
Adjusted total shareowners’ equity	26,142)	23,634)	24,735)	26,421)	24,484)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Net deferred tax asset (liability). See details »

Download chart

Honeywell International Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Commercial paper and other short-term borrowings	4,273)	2,085)	2,717)	3,542)	3,597)
Current maturities of long-term debt	1,347)	1,796)	1,730)	1,803)	2,445)
Long-term debt, excluding current maturities	25,479)	16,562)	15,123)	14,254)	16,342)
Total reported debt	31,099)	20,443)	19,570)	19,599)	22,384)
Total Honeywell shareowners’ equity	18,619)	15,856)	16,697)	18,569)	17,549)
Total reported capital	49,718)	36,299)	36,267)	38,168)	39,933)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current operating lease liabilities²	199)	196)	192)	185)	187)
Add: Non-current operating lease liabilities³	927)	897)	775)	847)	641)
Adjusted total debt	32,225)	21,536)	20,537)	20,631)	23,212)
Adjustments to Equity
Less: Net deferred tax asset (liability)⁴	(1,549)	(1,702)	(1,672)	(1,874)	(1,353)
Add: Allowances	314)	323)	326)	177)	202)
Add: Customer advances and deferred income	4,696)	4,670)	4,889)	4,487)	4,288)
Add: Obligations for product warranties and product performance guarantees	237)	219)	213)	223)	243)
Add: Repositioning reserves	185)	279)	309)	411)	601)
Add: Redeemable noncontrolling interest	7)	7)	7)	7)	7)
Add: Noncontrolling interest	535)	578)	622)	673)	241)
Adjusted total shareowners’ equity	26,142)	23,634)	24,735)	26,421)	24,484)
After Adjustment
Adjusted total capital	58,367)	45,170)	45,272)	47,052)	47,696)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Non-current operating lease liabilities. See details »

⁴ Net deferred tax asset (liability). See details »

Download chart

Honeywell International Inc., adjusted net sales

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Net sales	38,498)	36,662)	35,466)	34,392)	32,637)
Adjustment
Add: Increase (decrease) in customer advances and deferred income	26)	(219)	402)	199)	488)
After Adjustment
Adjusted net sales	38,524)	36,443)	35,868)	34,591)	33,125)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Download chart

Honeywell International Inc., adjusted net income attributable to Honeywell

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Net income attributable to Honeywell	5,705)	5,658)	4,966)	5,542)	4,779)
Adjustments
Add: Deferred income tax expense (benefit)¹	(233)	153)	(180)	178)	(175)
Add: Increase (decrease) in allowances	(9)	(3)	149)	(25)	56)
Add: Increase (decrease) in customer advances and deferred income	26)	(219)	402)	199)	488)
Add: Increase (decrease) in obligations for product warranties and product performance guarantees	18)	6)	(10)	(20)	(26)
Add: Increase (decrease) in repositioning reserves	(94)	(30)	(102)	(190)	(50)
Add: Other comprehensive income (loss), net of tax	615)	(665)	(598)	482)	(177)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	6)	9)	(17)	64)	89)
After Adjustment
Adjusted net income	6,034)	4,909)	4,610)	6,230)	4,984)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Deferred income tax expense (benefit). See details »

Download chart

Honeywell International Inc. (NASDAQ:HON)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income