Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Honeywell International Inc., consolidated balance sheet: assets

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 7,925 9,627 10,959 14,275 9,067
Short-term investments 170 483 564 945 1,349
Accounts receivable, less allowances 7,530 7,440 6,830 6,827 7,493
Inventories 6,178 5,538 5,138 4,489 4,421
Other current assets 1,699 1,894 1,881 1,639 1,973
Current assets 23,502 24,982 25,372 28,175 24,303
Investments and long-term receivables 939 945 1,222 685 588
Property, plant and equipment, net 5,660 5,471 5,562 5,570 5,325
Goodwill 18,049 17,497 17,756 16,058 15,563
Other intangible assets, net 3,231 3,222 3,613 3,560 3,734
Insurance recoveries for asbestos-related liabilities 170 224 322 366 392
Deferred income taxes 392 421 489 760 86
Other assets 9,582 9,513 10,134 9,412 8,688
Non-current assets 38,023 37,293 39,098 36,411 34,376
Total assets 61,525 62,275 64,470 64,586 58,679

Based on: 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), 10-K (reporting date: 2019-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Honeywell International Inc. current assets decreased from 2021 to 2022 and from 2022 to 2023.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Honeywell International Inc. property, plant and equipment, net decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Honeywell International Inc. non-current assets decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Honeywell International Inc. total assets decreased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Honeywell International Inc. cash and cash equivalents decreased from 2021 to 2022 and from 2022 to 2023.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Honeywell International Inc. short-term investments decreased from 2021 to 2022 and from 2022 to 2023.
Accounts receivable, less allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Honeywell International Inc. accounts receivable, less allowances increased from 2021 to 2022 and from 2022 to 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Honeywell International Inc. inventories increased from 2021 to 2022 and from 2022 to 2023.