Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Honeywell International Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	6,849)	6,329)	6,484)	5,750)	5,730)
Commercial paper and other short-term borrowings	2,085)	2,717)	3,542)	3,597)	3,516)
Current maturities of long-term debt	1,796)	1,730)	1,803)	2,445)	1,376)
Customer advances and deferred income	3,499)	3,555)	3,163)	2,932)	2,490)
Compensation, benefit and other employee related	1,322)	1,218)	1,273)	1,244)	1,551)
Repositioning	279)	309)	411)	601)	640)
Asbestos-related liabilities	154)	110)	261)	300)	361)
Income taxes	680)	549)	393)	307)	253)
Other taxes	176)	174)	269)	281)	239)
Environmental costs	227)	222)	225)	225)	222)
Current operating lease liabilities	196)	192)	185)	187)	171)
Product warranties and performance guarantees	182)	175)	180)	183)	213)
Insurance	69)	68)	101)	140)	143)
Accrued interest	217)	122)	100)	102)	91)
NARCO Buyout accrual	—)	1,325)	—)	—)	—)
Other, primarily operating expenses	808)	1,143)	1,118)	903)	1,102)
Accrued liabilities	7,809)	9,162)	7,679)	7,405)	7,476)
Current liabilities	18,539)	19,938)	19,508)	19,197)	18,098)
Long-term debt, excluding current maturities	16,562)	15,123)	14,254)	16,342)	11,110)
Deferred income taxes	2,094)	2,093)	2,364)	2,113)	1,670)
Postretirement benefit obligations other than pensions	134)	146)	208)	242)	326)
Asbestos-related liabilities	1,490)	1,180)	1,800)	1,920)	1,996)
Income taxes	1,742)	1,939)	2,152)	2,009)	2,115)
Pension and other employee related	1,342)	1,306)	1,672)	1,923)	1,873)
Deferred income	1,171)	1,334)	1,324)	1,356)	1,310)
Non-current operating lease liabilities	897)	775)	847)	641)	534)
Environmental costs	414)	393)	393)	435)	487)
Insurance	248)	289)	299)	280)	247)
Product warranties and performance guarantees	37)	38)	43)	60)	56)
Asset retirement obligations	17)	24)	26)	31)	61)
Other	397)	371)	331)	240)	83)
Other liabilities	6,265)	6,469)	7,087)	6,975)	6,766)
Non-current liabilities	26,545)	25,011)	25,713)	27,592)	21,868)
Total liabilities	45,084)	44,949)	45,221)	46,789)	39,966)
Redeemable noncontrolling interest	7)	7)	7)	7)	7)
Common stock issued	958)	958)	958)	958)	958)
Additional paid-in capital	9,062)	8,564)	8,141)	7,292)	6,876)
Common stock held in treasury, at cost	(38,008)	(34,443)	(30,462)	(27,229)	(23,836)
Accumulated other comprehensive loss	(4,135)	(3,475)	(2,895)	(3,377)	(3,197)
Retained earnings	47,979)	45,093)	42,827)	39,905)	37,693)
Total Honeywell shareowners’ equity	15,856)	16,697)	18,569)	17,549)	18,494)
Noncontrolling interest	578)	622)	673)	241)	212)
Total shareowners’ equity	16,434)	17,319)	19,242)	17,790)	18,706)
Total liabilities, redeemable noncontrolling interest and shareowners’ equity	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).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Honeywell International Inc. current liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Honeywell International Inc. non-current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Honeywell International Inc. total liabilities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Total Honeywell shareowners’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Honeywell International Inc. total Honeywell shareowners’ equity decreased from 2021 to 2022 and from 2022 to 2023.

Honeywell International Inc. (NASDAQ:HON)

Balance Sheet: Liabilities and Stockholders’ Equity