Honeywell International Inc., current enterprise value calculation

Current share price (P)	$211.35
No. shares of common stock outstanding	649,918,551
US$ in millions
Common equity (market value)¹	137,360)
Add: Noncontrolling interest (per books)	535)
Total equity	137,895)
Add: Commercial paper and other short-term borrowings (per books)	4,273)
Add: Current maturities of long-term debt (per books)	1,347)
Add: Long-term debt, excluding current maturities (per books)	25,479)
Total equity and debt	168,994)
Less: Cash and cash equivalents	10,567)
Less: Short-term investments	386)
Enterprise value (EV)	158,041)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 211.35 × 649,918,551

Honeywell International Inc., EV calculation

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$202.75	$197.17	$200.47	$186.99	$203.57
No. shares of common stock outstanding¹	649,918,551	652,181,812	668,140,252	685,818,771	695,501,159
US$ in millions
Common equity (market value)³	131,771)	128,591)	133,942)	128,241)	141,583)
Add: Noncontrolling interest (book value)	535)	578)	622)	673)	241)
Total equity	132,306)	129,169)	134,564)	128,914)	141,824)
Add: Commercial paper and other short-term borrowings (book value)	4,273)	2,085)	2,717)	3,542)	3,597)
Add: Current maturities of long-term debt (book value)	1,347)	1,796)	1,730)	1,803)	2,445)
Add: Long-term debt, excluding current maturities (book value)	25,479)	16,562)	15,123)	14,254)	16,342)
Total equity and debt	163,405)	149,612)	154,134)	148,513)	164,208)
Less: Cash and cash equivalents	10,567)	7,925)	9,627)	10,959)	14,275)
Less: Short-term investments	386)	170)	483)	564)	945)
Enterprise value (EV)	152,452)	141,517)	144,024)	136,990)	148,988)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Honeywell International Inc. Annual Report.

³ 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 202.75 × 649,918,551

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Honeywell International Inc. EV decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Honeywell International Inc. (NASDAQ:HON)

Enterprise Value (EV)