Honeywell International Inc.: 10-K Risk Factor Changes

ForeignExchangeTranslationAdjustmentPensionand OtherPostretirement BenefitAdjustmentsChanges in Fair Valueof Available for Sale InvestmentsChanges inFair Value ofCash FlowHedgesTotalBalance at December 31, 2022$(2,832)$(648)$(7)$12 $(3,475)Other comprehensive income (loss) before reclassifications(269)(477)5 60 (681)Amounts reclassified from accumulated other comprehensive loss— 70 — (49)21 Net current period other comprehensive income (loss)(269)(407)5 11 (660)Balance at December 31, 2023(3,101)(1,055)(2)23 (4,135)Other comprehensive income (loss) before reclassifications229 343 1 17 590 Amounts reclassified from accumulated other comprehensive loss— 70 — (16)54 Net current period other comprehensive income (loss)229 413 1 1 644 Balance at December 31, 2024(2,872)(642)(1)24 (3,491)Other comprehensive income (loss) before reclassifications(1,201)(769)6 (26)(1,990)Amounts reclassified from accumulated other comprehensive loss180 22 — (2)200 Spin-off114 11 — 10 135 Net current period other comprehensive income (loss)(907)(736)6 (18)(1,655)Balance at December 31, 2025$(3,779)$(1,378)$5 $6 $(5,146) Spin-off

ForeignExchangeTranslationAdjustmentPensionand OtherPostretirement BenefitAdjustmentsChanges in Fair Valueof Available for Sale InvestmentsChanges inFair Value ofCash FlowHedgesTotalBalance at December 31, 2021$(2,478)$(415)$1 $(3)$(2,895)Other comprehensive income (loss) before reclassifications(344)(623)(8)71 (904)Amounts reclassified from accumulated other comprehensive loss(10)390 — (56)324 Net current period other comprehensive income (loss)(354)(233)(8)15 (580)Balance at December 31, 2022(2,832)(648)(7)12 (3,475)Other comprehensive income (loss) before reclassifications(269)(477)5 60 (681)Amounts reclassified from accumulated other comprehensive loss— 70 — (49)21 Net current period other comprehensive income (loss)(269)(407)5 11 (660)Balance at December 31, 2023(3,101)(1,055)(2)23 (4,135)Other comprehensive income (loss) before reclassifications229 343 1 17 590 Amounts reclassified from accumulated other comprehensive loss— 70 — (16)54 Net current period other comprehensive income (loss)229 413 1 1 644 Balance at December 31, 2024$(2,872)$(642)$(1)$24 $(3,491)

The Company recognizes goodwill and indefinite-lived intangible asset balances in conjunction with business combinations, with amounts being recorded at their respective fair values upon the closing of a transaction. Subsequent to the closing of a business combination, the Company evaluates and books adjustments, as applicable, to the preliminary amounts recorded over the relevant measurement period, which is not to exceed one year from the acquisition date. Goodwill and indefinite-lived intangible assets are subject to impairment testing annually as of the first day of the fourth quarter, or if a triggering event occurs or changes in circumstances indicate that the carrying amount may not be fully recoverable. This testing compares carrying values to fair values and, when appropriate, the carrying value of these assets is reduced to fair value, not to exceed the carrying value of goodwill. The Company completed its annual goodwill impairment test as of the first day of the fourth quarter and determined there was no goodwill impairment and an indefinite-lived intangible impairment of $44 million as of that date. As described in Note 2 Acquisitions, Divestitures, and Discontinued Operations, the Company performed an additional evaluation as of December 31, 2025 upon the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses classification to assets held for sale which resulted in a goodwill impairment of $724 million.

The Company recognizes goodwill and indefinite-lived intangible asset balances in conjunction with business combinations, with amounts being recorded at their respective fair values upon the closing of a transaction. Subsequent to the closing of a business combination, the Company evaluates and books adjustments, as applicable, to the preliminary amounts recorded over the relevant measurement period, which is not to exceed one year from the acquisition date. Goodwill and indefinite-lived intangible assets are subject to impairment testing annually as of the first day of the fourth quarter, or if a triggering event occurs or changes in circumstances indicate that the carrying amount may not be fully recoverable. This testing compares carrying values to fair values and, when appropriate, the carrying value of these assets is reduced to fair value, not to exceed the carrying value of goodwill. The Company completed its annual goodwill impairment test as of the first day of the fourth quarter and determined there was no impairment as of that date. The Company is not aware of any additional triggering events.

The U.S. federal statutory income tax rate is reconciled to the effective income tax rate as follows: Years Ended December 31,20242023U.S. federal statutory income tax rate21.0 %21.0 %Taxes on non-U.S. earnings1,2,3(0.7)(2.4)U.S. state income taxes10.6 0.2 Reserves for tax contingencies1.6 3.9 Employee stock compensation(0.7)(0.3)Restructuring4(0.3)— U.S. federal tax credits(2.2)(1.7)U.S. valuation allowance41.0 (0.1)All other items—net(0.3)(0.2)Effective income tax rate20.0 %20.4 %1Net of changes in valuation allowance.2Includes U.S. taxes on non-U.S. earnings, net of foreign tax credits.32023 includes (4.2)% deferred tax benefit resulting from a non-U.S. legislative change, offset by 4.2% deferred tax expense resulting from a full valuation allowance.42024 includes (1.0)% deferred tax benefit resulting from an outside basis difference in assets held for sale, offset by 1.0% deferred tax expense resulting from a full valuation allowance. Taxes on non-U.S. earnings1,2,3 U.S. state income taxes1 Restructuring4 U.S. federal tax credits U.S. valuation allowance4 Net of changes in valuation allowance. Includes U.S. taxes on non-U.S. earnings, net of foreign tax credits. 2023 includes (4.2)% deferred tax benefit resulting from a non-U.S. legislative change, offset by 4.2% deferred tax expense resulting from a full valuation allowance. 2024 includes (1.0)% deferred tax benefit resulting from an outside basis difference in assets held for sale, offset by 1.0% deferred tax expense resulting from a full valuation allowance. The effective tax rate decreased by 1.6 percentage points in 2025 compared to 2024, largely driven by an increase in benefit for U.S. federal tax credits. The Company’s 2025 non-U.S. effective tax rate was 19.1%, a decrease of 0.6 percentage points compared to 2024. The decrease in the non-U.S. effective tax rate was primarily attributable to changes in accruals on foreign tax matters partially offset by other foreign discrete adjustments. The effective tax rate decreased by 0.4 percentage points in 2024 compared to 2023. The decrease was primarily attributable to a reduced benefit from taxes on non-U.S. earnings, offset by a decrease in accruals on various foreign tax matters. The Company’s 2024 non-U.S. effective tax rate was 19.7%, a decrease of 5.6 percentage points compared to 2023. The decrease in the non-U.S. effective tax rate was primarily attributable to changes in accruals on foreign tax matters and other foreign discrete adjustments, partially offset by increased expense on global minimum taxes. 78 Honeywell International Inc. 78 Honeywell International Inc. 78 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The U.S. federal statutory income tax rate is reconciled to the effective income tax rate as follows: Years Ended December 31,202420232022U.S. federal statutory income tax rate21.0 %21.0 %21.0 %Taxes on non-U.S. earnings1,2,3(0.5)(2.0)(0.4)U.S. state income taxes10.9 0.5 1.4 Reserves for tax contingencies1.4 3.4 1.1 Employee stock compensation(0.7)(0.3)(0.9)Restructuring4(0.3)— 0.7 U.S. federal tax credits(2.0)(1.6)(0.9)U.S. valuation allowance40.9 (0.1)(0.2)All other items—net(0.3)(0.1)0.3 Effective income tax rate20.4 %20.8 %22.1 %1Net of changes in valuation allowance.2Includes U.S. taxes on non-U.S. earnings, net of foreign tax credits.32023 includes (3.6)% deferred tax benefit resulting from a non-U.S. legislative change, offset by 3.6% deferred tax expense resulting from a full valuation allowance.42024 includes (0.9)% deferred tax benefit resulting from an outside basis difference in assets held for sale, offset by 0.9% deferred tax expense resulting from a full valuation allowance. Taxes on non-U.S. earnings1,2,3 U.S. state income taxes1 Restructuring4 U.S. federal tax credits U.S. valuation allowance4 Net of changes in valuation allowance. Includes U.S. taxes on non-U.S. earnings, net of foreign tax credits. 2023 includes (3.6)% deferred tax benefit resulting from a non-U.S. legislative change, offset by 3.6% deferred tax expense resulting from a full valuation allowance. 2024 includes (0.9)% deferred tax benefit resulting from an outside basis difference in assets held for sale, offset by 0.9% deferred tax expense resulting from a full valuation allowance. The effective tax rate decreased by 0.4 percentage points in 2024 compared to 2023. The decrease was primarily attributable to a reduced benefit from taxes on non-U.S. earnings, offset by a decrease in accruals on various foreign tax matters. The Company’s 2024 non-U.S. effective tax rate was 20.0%, a decrease of 5.3 percentage points compared to 2023. The decrease in the non-U.S. effective tax rate was primarily attributable to changes in accruals on foreign tax matters and other foreign discrete adjustments, partially offset by increased expense on global minimum taxes. The effective tax rate decreased by 1.3 percentage points in 2023 compared to 2022. The decrease was primarily attributable to the increased benefit of taxes on non-U.S. earnings and lower expense related to unremitted withholding taxes on non-U.S. earnings, partially offset by incremental tax expense for reserves. The Company’s 2023 non-U.S. effective tax rate was 25.3%, a decrease of 2.2 percentage points compared to 2022. The decrease in the non-U.S. effective tax rate was primarily attributable to increased benefit of taxes on non-U.S. earnings and lower expense related to unremitted withholding taxes on non-U.S. earnings, partially offset by incremental tax expense for reserves. 73 Honeywell International Inc. 73 Honeywell International Inc. 73 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Honeywell management is responsible for establishing and maintaining adequate internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Honeywell’s internal control over financial reporting is a process designed to provide reasonable assurance to our management and Board of Directors regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Management assessed the effectiveness of Honeywell’s internal control over financial reporting as of December 31, 2025. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control—Integrated Framework (2013). Based on this assessment, management determined that Honeywell maintained effective internal control over financial reporting as of December 31, 2025. In accordance with guidance issued by the Securities and Exchange Commission, companies are allowed to exclude acquisitions from their assessment of internal control over financial reporting during the first year in which the acquisition occurred. Management’s assessment of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2025 excluded Sundyne, which was acquired by the Company on June 6, 2025. The total revenues and net income of Sundyne represent less than 1% each of the related consolidated financial amounts as of December 31, 2025, and net and total assets of Sundyne represent 12% and 3%, respectively, of the related consolidated financial amounts as of December 31, 2025. The effectiveness of Honeywell’s internal control over financial reporting as of December 31, 2025, has been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report which is included in the section titled Financial Statements and Supplementary Data. 123 Honeywell International Inc. 123 Honeywell International Inc. 123 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

Honeywell management is responsible for establishing and maintaining adequate internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). Honeywell’s internal control over financial reporting is a process designed to provide reasonable assurance to our management and Board of Directors regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Management assessed the effectiveness of Honeywell’s internal control over financial reporting as of December 31, 2024. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control—Integrated Framework (2013). Based on this assessment, management determined that Honeywell maintained effective internal control over financial reporting as of December 31, 2024. In accordance with guidance issued by the Securities and Exchange Commission, companies are allowed to exclude acquisitions from their assessment of internal control over financial reporting during the first year in which the acquisition occurred. Management’s assessment of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2024, excluded Air Products' liquefied natural gas process technology and equipment business, CAES Systems Holdings LLC, and Carrier Global Corporation's Global Access Solutions business (collectively, the "excluded acquisitions"), which were acquired by the Company on September 30, 2024, August 30, 2024, and June 3, 2024, respectively. The excluded acquisitions represent less than 4% of both net income and net assets, less than 3% of total revenues, and less than 2% of total assets of the consolidated financial amounts as of December 31, 2024. The effectiveness of Honeywell’s internal control over financial reporting as of December 31, 2024, has been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report which is included in the section titled Financial Statements and Supplementary Data. 116 Honeywell International Inc. 116 Honeywell International Inc. 116 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

NOTE 17. ACCUMULATED OTHER COMPREHENSIVE LOSS The changes in Accumulated other comprehensive loss are provided in the tables below. Comprehensive income (loss) attributable to noncontrolling interest consists predominantly of net income. Pre-taxTaxAfter-TaxYear Ended December 31, 2023Foreign exchange translation adjustment$(269)$— $(269)Pension and other postretirement benefit adjustments(538)131 (407)Changes in fair value of available for sale investments5 — 5 Changes in fair value of cash flow hedges17 (6)11 Total net current period other comprehensive income (loss)$(785)$125 $(660)Year Ended December 31, 2024Foreign exchange translation adjustment$229 $— $229 Pension and other postretirement benefit adjustments542 (129)413 Changes in fair value of available for sale investments1 — 1 Changes in fair value of cash flow hedges(8)9 1 Total net current period other comprehensive income (loss)$764 $(120)$644 Year Ended December 31, 2025 Foreign exchange translation adjustment$(907)$— $(907)Pension and other postretirement benefit adjustments(944)208 (736)Changes in fair value of available for sale investments6 — 6 Changes in fair value of cash flow hedges(20)2 (18)Total net current period other comprehensive income (loss)$(1,865)$210 $(1,655)

NOTE 17. ACCUMULATED OTHER COMPREHENSIVE LOSS The changes in Accumulated other comprehensive loss are provided in the tables below. Comprehensive income (loss) attributable to noncontrolling interest consists predominantly of net income. Pre-taxTaxAfter-TaxYear Ended December 31, 2022Foreign exchange translation adjustment$(354)$— $(354)Pension and other postretirement benefit adjustments(280)47 (233)Changes in fair value of available for sale investments(8)— (8)Changes in fair value of cash flow hedges9 6 15 Total net current period other comprehensive income (loss)$(633)$53 $(580)Year Ended December 31, 2023Foreign exchange translation adjustment$(269)$— $(269)Pension and other postretirement benefit adjustments(538)131 (407)Changes in fair value of available for sale investments5 — 5 Changes in fair value of cash flow hedges17 (6)11 Total net current period other comprehensive income (loss)$(785)$125 $(660)Year Ended December 31, 2024 Foreign exchange translation adjustment$229 $— $229 Pension and other postretirement benefit adjustments542 (129)413 Changes in fair value of available for sale investments1 — 1 Changes in fair value of cash flow hedges(8)9 1 Total net current period other comprehensive income (loss)$764 $(120)$644

The exercise price, term, and other conditions applicable to each option granted under the Company's stock plans are generally determined by the Management Development and Compensation Committee of the Board. The exercise price of stock options is set on the grant date and may not be less than the fair market value per share of the Company's stock on that date. The fair value is recognized as an expense over the employee’s requisite service period (generally the vesting period of the award). Options generally vest over a four-year period and expire after 10 years. The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model. Expected volatility is based on implied volatilities from traded options on our common stock and historical volatility of the Company's common stock. The Company used a Monte Carlo simulation model to derive an expected term which represents an estimate of the time options are expected to remain outstanding. Such model uses historical data to estimate option exercise activity and post-vest termination behavior. The risk-free rate for periods within the contractual life of the option is based on the U.S. treasury yield curve in effect at the time of grant. The following table summarizes the impact to the Consolidated Statement of Operations from stock options: Years Ended December 31,202520242023Compensation expense$50 $52 $48 Future income tax benefit recognized10 12 11 The following table sets forth fair value per share information, including related weighted average assumptions, used to determine compensation cost: Years Ended December 31,202520242023Weighted average fair value per share of options granted during the year1$43.69 $37.88 $38.84 AssumptionsExpected annual dividend yield2.55 %2.60 %2.50 %Expected volatility23.21 %21.45 %22.42 %Risk-free rate of return4.03 %4.08 %3.94 %Expected option term (years)4.924.874.861Estimated on date of grant using Black-Scholes option-pricing model. Weighted average fair value per share of options granted during the year1 94 Honeywell International Inc. 94 Honeywell International Inc. 94 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The exercise price, term, and other conditions applicable to each option granted under the Company's stock plans are generally determined by the Management Development and Compensation Committee of the Board. The exercise price of stock options is set on the grant date and may not be less than the fair market value per share of the Company's stock on that date. The fair value is recognized as an expense over the employee’s requisite service period (generally the vesting period of the award). Options generally vest over a four-year period and expire after 10 years. The fair value of each option award is estimated on the date of grant using the Black-Scholes option-pricing model. Expected volatility is based on implied volatilities from traded options on our common stock and historical volatility of the Company's common stock. The Company used a Monte Carlo simulation model to derive an expected term which represents an estimate of the time options are expected to remain outstanding. Such model uses historical data to estimate option exercise activity and post-vest termination behavior. The risk-free rate for periods within the contractual life of the option is based on the U.S. treasury yield curve in effect at the time of grant. The following table summarizes the impact to the Consolidated Statement of Operations from stock options: Years Ended December 31,202420232022Compensation expense$52 $48 $45 Future income tax benefit recognized12 11 10 The following table sets forth fair value per share information, including related weighted average assumptions, used to determine compensation cost: Years Ended December 31,202420232022Weighted average fair value per share of options granted during the year1$37.88 $38.84 $31.22 AssumptionsExpected annual dividend yield2.60 %2.50 %2.58 %Expected volatility21.45 %22.42 %23.05 %Risk-free rate of return4.08 %3.94 %1.97 %Expected option term (years)4.874.864.741Estimated on date of grant using Black-Scholes option-pricing model. Weighted average fair value per share of options granted during the year1 88 Honeywell International Inc. 88 Honeywell International Inc. 88 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Our common stock is listed on The Nasdaq Stock Market LLC (Nasdaq) under the ticker symbol “HON.” We increased our quarterly dividend rate by 5% to $1.19 per share of common stock effective with the fourth quarter 2025 dividend. We intend to continue to pay quarterly dividends in 2026. The number of record holders of our common stock as of December 31, 2025, was 30,150. Information regarding securities authorized for issuance under equity compensation plans is included in the section titled Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters under the caption “Equity Compensation Plans.” On April 24, 2023, the Board authorized the repurchase of up to $10.0 billion of Honeywell common stock, including approximately $2.1 billion of remaining availability under the previously announced $10 billion share repurchase authorization. The repurchase authorization does not have an expiration date and may be amended or terminated by the Board at any time without prior notice. Repurchases may be made through a variety of methods, which could include open market purchases, accelerated share repurchase transactions, negotiated block transactions, 10b5-1 plans, other transactions that may be structured through investment banking institutions or privately negotiated, or a combination of the foregoing. Honeywell presently expects to repurchase outstanding shares from time to time (i) to offset the dilutive impact of employee stock-based compensation plans, including option exercises, restricted unit vesting, and matching contributions under our savings plans, and (ii) to reduce share count via share repurchases as and when attractive opportunities arise. The amount and timing of future repurchases may vary depending on market conditions and the level of operating, financing, and other investing activities. During the quarter ended December 31, 2025, Honeywell purchased 0.5 million shares of its common stock, par value $1 per share. As of December 31, 2025, $1.7 billion remained available under the share repurchase authorization for additional share repurchases. The following table summarizes our purchases of Honeywell's common stock for the quarter ended December 31, 2025: Issuer Purchases of Equity SecuritiesPeriodTotalNumber ofSharesPurchasedAveragePrice Paidper Share1Total Numberof SharesPurchased asPart of PubliclyAnnouncedPlansor ProgramsApproximate DollarValue of Shares thatMay Yet be PurchasedUnder the Plans orPrograms(Dollars in millions)1September 28, 2025 - October 25, 2025— $— — $1,779 October 26, 2025 - November 22, 2025416,785 $191.95 416,785 $1,699 November 23, 2025 - December 31, 2025105,447 $189.67 105,447 $1,679 1Excludes excise tax on net share repurchases. Average Price Paid

Our common stock is listed on The Nasdaq Stock Market LLC (Nasdaq) under the ticker symbol “HON.” We increased our quarterly dividend rate by 5% to $1.13 per share of common stock effective with the fourth quarter 2024 dividend. We intend to continue to pay quarterly dividends in 2025. The number of record holders of our common stock as of December 31, 2024, was 31,568. Information regarding securities authorized for issuance under equity compensation plans is included in the section titled Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters under the caption “Equity Compensation Plans.” On April 24, 2023, the Board authorized the repurchase of up to $10.0 billion of Honeywell common stock. The repurchase authorization does not have an expiration date and may be amended or terminated by the Board at any time without prior notice. Repurchases may be made through a variety of methods, which could include open market purchases, accelerated share repurchase transactions, negotiated block transactions, 10b5-1 plans, other transactions that may be structured through investment banking institutions or privately negotiated, or a combination of the foregoing. Honeywell presently expects to repurchase outstanding shares from time to time (i) to offset the dilutive impact of employee stock-based compensation plans, including option exercises, restricted unit vesting, and matching contributions under our savings plans, and (ii) to reduce share count via share repurchases as and when attractive opportunities arise. The amount and timing of future repurchases may vary depending on market conditions and the level of operating, financing, and other investing activities. During the quarter ended December 31, 2024, Honeywell purchased 1.9 million shares of its common stock, par value $1 per share. As of December 31, 2024, $5.5 billion remained available under the share repurchase authorization for additional share repurchases. The following table summarizes our purchases of Honeywell's common stock for the quarter ended December 31, 2024: Issuer Purchases of Equity SecuritiesPeriodTotalNumber ofSharesPurchasedAveragePrice Paidper Share1Total Numberof SharesPurchased asPart of PubliclyAnnouncedPlansor ProgramsApproximate DollarValue of Shares thatMay Yet be PurchasedUnder the Plans orPrograms(Dollars in millions)1September 29, 2024 - October 26, 2024— $— — $5,904 October 27, 2024 - November 23, 2024803,546 $211.55 803,546 $5,734 November 24, 2024 - December 31, 20241,112,186 $229.26 1,112,186 $5,479 1Excludes excise tax on net share repurchases. Average Price Paid

The Company's operations subject the Company to risk related to the price volatility of certain commodities. To mitigate the commodity price risk associated with the Company's operations, the Company may enter into commodity derivative instruments. In both 2025 and 2024, the Company entered into various contracts to mitigate commodity price volatility. The Company elected to apply hedge accounting to these contracts. 88 Honeywell International Inc. 88 Honeywell International Inc. 88 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The Company's operations subject the Company to risk related to the price volatility of certain commodities. To mitigate the commodity price risk associated with the Company's operations, the Company may enter into commodity derivative instruments. In both 2024 and 2023, the Company entered into various contracts to mitigate commodity price volatility. The Company elected to apply hedge accounting to these contracts.

The Company recognizes definite-lived intangible asset balances in conjunction with business combinations, with amounts being recorded at their respective fair values upon the closing of a transaction. Subsequent to the closing of a business combination, the Company evaluates and books adjustments, as applicable, to the preliminary amounts recorded over the relevant measurement period, which is not to exceed one year from the acquisition date. Definite-lived intangible assets consist of customer relationships, patents and technology, trademarks, and other intangibles and are amortized over their estimated useful lives, ranging from one to 20 years. one 61 Honeywell International Inc. 61 Honeywell International Inc. 61 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The Company recognizes definite-lived intangible asset balances in conjunction with business combinations, with amounts being recorded at their respective fair values upon the closing of a transaction. Subsequent to the closing of a business combination, the Company evaluates and books adjustments, as applicable, to the preliminary amounts recorded over the relevant measurement period, which is not to exceed one year from the acquisition date. Definite-lived intangible assets consist of customer relationships, patents and technology, trademarks, and other intangibles and are amortized over their estimated useful lives, ranging from two to 20 years. two 58 Honeywell International Inc. 58 Honeywell International Inc. 58 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

One of our wholly-owned subsidiaries has a placer claim for and operates a chabazite ore surface mine in Arizona. Information concerning mine safety and other regulatory matters associated with this mine is required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K and is included in Exhibit 95 to this Form 10-K. 51 Honeywell International Inc. 51 Honeywell International Inc. 51 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

One of our wholly-owned subsidiaries has a placer claim for and operates a chabazite ore surface mine in Arizona. Information concerning mine safety and other regulatory matters associated with this mine is required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K and is included in Exhibit 95 to this Form 10-K. 48 Honeywell International Inc. 48 Honeywell International Inc. 48 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

Net cash provided by operating activities from continuing operations largely driven by Net income. Net cash used for investing activities from continuing operations driven by $8,880 million of cash paid for acquisitions and $871 million of capital expenditures. Net cash provided by financing activities driven by $10,408 million of long-term debt proceeds and $2,260 million of net proceeds of commercial paper, partially offset by $2,902 million of cash dividends paid, $1,812 million of repayments of long-term debt, and $1,655 million of repurchases of common stock.

Net cash provided by operating activities was largely driven by Net income. Net cash used for investing activities was driven by $8,880 million of cash paid for acquisitions and $1,164 million of capital expenditures. Net cash provided by financing activities was driven by $10,408 million of long-term debt proceeds and $2,260 million of net proceeds of commercial paper, partially offset by $2,902 million of cash dividends paid, $1,812 million of repayments of long-term debt, and $1,655 million of repurchases of common stock.

The Company tracks progress on satisfying performance obligations under contracts with customers. The related billings and cash collections are recorded in the Consolidated Balance Sheet in Accounts receivable—net and Other assets (unbilled receivables (contract assets) and billed receivables), and Accrued liabilities and Other liabilities (customer advances and deposits (contract liabilities)). Unbilled receivables arise when the timing of cash collected from customers differs from the timing of revenue recognition, such as when contract provisions require specific milestones to be met before a customer can be billed. Contract assets are recognized when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Contract liabilities are recorded when customers remit contractual cash payments in advance of the Company satisfying performance obligations under contractual arrangements, including those with performance obligations to be satisfied over a period of time. Contract liabilities are derecognized when revenue is recorded. Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period. 72 Honeywell International Inc. 72 Honeywell International Inc. 72 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The Company tracks progress on satisfying performance obligations under contracts with customers. The related billings and cash collections are recorded in the Consolidated Balance Sheet in Accounts receivable—net and Other assets (unbilled receivables (contract assets) and billed receivables), and Accrued liabilities and Other liabilities (customer advances and deposits (contract liabilities)). Unbilled receivables arise when the timing of cash collected from customers differs from the timing of revenue recognition, such as when contract provisions require specific milestones to be met before a customer can be billed. Contract assets are recognized when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Contract liabilities are recorded when customers remit contractual cash payments in advance of the Company satisfying performance obligations under contractual arrangements, including those with performance obligations to be satisfied over a period of time. Contract liabilities are derecognized when revenue is recorded, either when a milestone is met triggering the contractual right to bill or when the performance obligation is satisfied. 67 Honeywell International Inc. 67 Honeywell International Inc. 67 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

September 28, 2025 - October 25, 2025 October 26, 2025 - November 22, 2025 November 23, 2025 - December 31, 2025 52 Honeywell International Inc. 52 Honeywell International Inc. 52 Honeywell International Inc. TABLE OF CONTENTSMARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES TABLE OF CONTENTSMARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES TABLE OF CONTENTS PERFORMANCE GRAPH The following graph compares the five-year cumulative total return on our common stock to the total returns on the Standard & Poor's (S&P) 500 Stock Index, composite of S&P’s Industrial Conglomerates and Aerospace and Defense indices, on a 45%/55% weighted basis (the Composite Index) and Nasdaq Industrial Select Sector (XLI Index). The weighting of the components of the Composite Index are based on our segments’ relative contribution to total segment profit. The selection of the Industrial Conglomerates component of the Composite Index reflects the diverse and distinct range of non-aerospace businesses conducted by Honeywell. The annual changes for the five-year period shown in the graph are based on the assumption that $100 was invested in Honeywell stock and each index on December 31, 2020, and that all dividends were reinvested.

49 Honeywell International Inc. 49 Honeywell International Inc. 49 Honeywell International Inc. TABLE OF CONTENTSMARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES TABLE OF CONTENTSMARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES TABLE OF CONTENTS PERFORMANCE GRAPH The following graph compares the five-year cumulative total return on our common stock to the total returns on the Standard & Poor's (S&P) 500 Stock Index, composite of S&P’s Industrial Conglomerates and Aerospace and Defense indices, on a 55%/45% weighted basis (the Composite Index) and Nasdaq Industrial Select Sector (XLI Index). The weighting of the components of the Composite Index are based on our segments’ relative contribution to total segment profit. The selection of the Industrial Conglomerates component of the Composite Index reflects the diverse and distinct range of non-aerospace businesses conducted by Honeywell. The annual changes for the five-year period shown in the graph are based on the assumption that $100 was invested in Honeywell stock and each index on December 31, 2019, and that all dividends were reinvested.

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. repositioning charges 74 Honeywell International Inc. 74 Honeywell International Inc. 74 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

In 2024, the Company recognized gross repositioning charges totaling $226 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 $68 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, $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. repositioning charges In 2023, the Company recognized gross repositioning charges totaling $342 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 $139 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. repositioning charges In 2022, the Company recognized gross repositioning charges totaling $420 million, including severance costs of $122 million related to workforce reductions of 4,345 manufacturing and administrative positions mainly in the Company's Industrial Automation reportable business segment. The workforce reductions related to productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $176 million related to the write-down of certain manufacturing and other equipment, primarily related to closing and relocating the production of certain respiratory manufacturing from a U.S.-based facility to a non-U.S. facility in the Company's Industrial Automation reportable business segment. The repositioning charges included exit costs of $122 million related to current period costs incurred for closure obligations associated with site transitions in the Company's Energy and Sustainability Solutions, Aerospace Technologies, and Industrial Automation reportable business segments. 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. repositioning charges 70 Honeywell International Inc. 70 Honeywell International Inc. 70 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Net cash provided by operating activities from continuing operations increased by $653 million, primarily due to the $1,325 million payment made by the Company pursuant to the NARCO Amended Buyout Agreement in 2023, partially offset by $727 million decrease of noncash adjustments, driven by $605 million decline in repositioning and other charges. Net cash used for investing activities from continuing operations increased by $8,869 million, driven by a $8,162 million increase in cash paid for acquisitions and $618 million net increase in cash paid for investments. Net cash provided by financing activities increased by $12,602 million, driven by $7,422 million increase in long-term debt proceeds, primarily to fund our recent acquisitions, $2,932 million increase in net proceeds of commercial paper, and $2,060 million decrease in repurchases of common stock. 41 Honeywell International Inc. 41 Honeywell International Inc. 41 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional information on the NARCO Amended Buyout Agreement. ASSESSMENT OF CURRENT LIQUIDITY AND CASH REQUIREMENTS Based on past performance and current expectations, we believe that our operating cash flows will be sufficient to meet our future operating cash needs for at least the next twelve months. If necessary, our available cash, committed credit lines, and access to the public debt and equity markets provide additional sources of short-term and long-term liquidity to fund current operations, debt maturities, and future investment opportunities. See Note 9 Debt and Credit Agreements of Notes to Consolidated Financial Statements for additional discussion of items impacting our liquidity. In addition to our normal operating cash requirements, we expect our primary cash requirements in 2026 to be as follows: •Capital expenditures—we expect to spend approximately $1.3 billion for capital expenditures in 2026 primarily for growth, production and capacity expansion, implementation of cost reduction measures, maintenance, and replacement. •Share repurchases—under our share repurchase program, $1.7 billion was available as of December 31, 2025, for additional share repurchases as authorized by the Board on April 24, 2023. We expect to repurchase outstanding shares from time to time to offset the dilutive impact of employee stock-based compensation plans, including option exercises, restricted unit vesting and matching contributions under our savings plans. Additionally, we seek to reduce share count via share repurchases as and when attractive opportunities arise. The amount and timing of future repurchases may vary depending on market conditions and our level of operating, financing, and other investing activities. •Mergers and acquisitions—in addition to the intended separation of Honeywell from Honeywell Aerospace, into independent, U.S. publicly traded companies, we expect to evaluate and undertake actions to optimize our portfolio, including executing on strategic bolt-on acquisitions over the course of 2026. •Dividends—we increased our quarterly dividend rate by 5% to $1.19 per share of common stock effective with the fourth quarter 2025 dividend. We intend to continue to pay quarterly dividends in 2026. We sell trade receivables to unaffiliated financial institutions with limited or no recourse. We account for trade receivable sales as sales and, accordingly, receivables sold are excluded from Accounts receivable—net in the Consolidated Balance Sheet and are reflected in Cash flows from operating activities in the Consolidated Statement of Cash Flows. The difference between the carrying amount of the trade receivables sold and the cash received is recorded in Cost of products and services sold in the Consolidated Statement of Operations. The impact of this program is not material to our overall liquidity. We continually assess the relative strength of each business in our portfolio as to strategic fit, market position, profit, and cash flow contribution in order to identify target investment and acquisition opportunities in order to upgrade our combined portfolio. We seek to identify acquisition candidates that will further our strategic plan and strengthen our existing core businesses. In the second quarter of 2025, we acquired Sundyne for total consideration of $2.2 billion, net of cash acquired, as well as announced our agreement to acquire Johnson Matthey's Catalyst Technologies business segment for £1.8 billion. We also identify businesses that do not fit into our long-term strategic plan based on their market position, relative profitability, or growth potential. These businesses are considered for potential divestiture, restructuring, or other repositioning actions, subject to regulatory constraints. On February 6, 2025, we announced our intention to separate Honeywell from Honeywell Aerospace, into independent, U.S. publicly traded companies, which is expected to be completed in the third quarter of 2026. On May 21, 2025, we completed the sale of our PPE business for $1.2 billion, net of cash transferred. On July 8, 2025, we announced our intent to strategically evaluate alternatives for our Productivity Solutions and Services and Warehouse and Workflow Solutions businesses within the Industrial Automation reportable business segment and classified the assets and liabilities of the businesses as held for sale during the fourth quarter. On September 29, 2025, we permanently divested our legacy Bendix asbestos liabilities and certain non-Bendix asbestos liabilities that had been previously allocated to a separate, wholly owned entity as part of our liability management reorganization on June 23, 2025. Under the terms of the divestiture agreement, we contributed $1.4 billion in cash, as well as certain insurance assets related to these legacy asbestos liabilities, to a third party entity. On October 30, 2025, we completed the spin-off of the Advanced Materials business into Solstice Advanced Materials Inc., an independent, U.S. publicly traded company. See Note 2 Acquisitions, Divestitures, and Discontinued Operations and Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional discussion. 42 Honeywell International Inc. 42 Honeywell International Inc. 42 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS BORROWINGS We leverage a variety of debt instruments to manage our overall borrowing costs. As of December 31, 2025, and 2024, our total borrowings were $34.6 billion and $31.0 billion, respectively. December 31,20252024Fixed rate notes$25,164 $25,853 Commercial paper5,892 4,271 Term loans3,750 1,000 Variable rate notes22 22 Other111 331 Fair value of hedging instruments(79)(136)Debt issuance costs(280)(303)Total borrowings$34,580 $31,038 A key source of liquidity is our ability to access the corporate bond markets. Through these markets, we issue a variety of long-term fixed rate notes to manage our overall funding costs. Another key source of liquidity is our ability to access the commercial paper market. Commercial paper notes are sold at a discount or premium and have a maturity of not more than 365 days from date of issuance. Borrowings under the commercial paper program are available for general corporate purposes as well as for financing acquisitions. We also have the following loan and revolving credit agreements: •A $6.0 billion Delayed Draw Term Loan Agreement (the Term Loan Agreement), dated as of May 7, 2025. The Term Loan Agreement is comprised of two tranches: (i) commitments to provide loans in an aggregate principal amount of up to $4.0 billion, which was fully drawn effective May 30, 2025, and (ii) commitments to provide loans in an aggregate amount of up to $2.0 billion, which expired on December 19, 2025. Amounts borrowed under the Term Loan Agreement are required to be paid no later than May 7, 2027, unless the Term Loan Agreement is terminated earlier pursuant to its terms. As of December 31, 2025, there were $2.75 billion of borrowings outstanding on the Term Loan Agreement. •A $3.0 billion 364-day credit agreement (the 364-Day Credit Agreement) with a syndicate of banks, dated as of March 17, 2025. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 16, 2026, unless (i) we elect to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on March 16, 2027, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 364-Day Credit Agreement replaced the previously reported $1.5 billion 364-day credit agreement dated as of March 18, 2024, which was terminated in accordance with its terms effective March 17, 2025. As of December 31, 2025, there were no outstanding borrowings under our 364-Day Credit Agreement. •A $1.0 billion Fixed Rate Term Loan Credit Agreement (the Fixed Rate Term Loan Credit Agreement), dated as of August 12, 2024. Amounts borrowed under the Fixed Rate Term Loan Credit Agreement are required to be repaid no later than August 12, 2027, unless the Fixed Rate Term Loan Credit Agreement is terminated earlier pursuant to its terms. As of December 31, 2025, there were $1.0 billion of borrowings outstanding under the Fixed Rate Term Loan Credit Agreement. •A $4.0 billion five-year credit agreement (the Five-Year Credit Agreement) with a syndicate of banks, dated as of March 18, 2024. Commitments under the Five-Year Credit Agreement can be increased pursuant to the terms of the Five-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. As of December 31, 2025, there were no outstanding borrowings under our Five-Year Credit Agreement. See Note 9 Debt and Credit Agreements of Notes to Consolidated Financial Statements for additional information regarding our debt instruments. We also maintain a current shelf registration statement filed with the SEC under which we may issue additional debt securities, common stock, and preferred stock that may be offered in one or more offerings on terms to be determined at the time of the offering. We anticipate that net proceeds of any offering would be used for general corporate purposes, including repayment of existing indebtedness, share repurchases, capital expenditures, and acquisitions. 43 Honeywell International Inc. 43 Honeywell International Inc. 43 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS CREDIT RATINGS Our ability to access the global debt capital markets and the related cost of these borrowings is affected by the strength of our credit rating and market conditions. Our credit ratings are periodically reviewed by the major independent debt-rating agencies. As of December 31, 2025, S&P Global Inc. (S&P), Fitch Ratings Inc. (Fitch), and Moody’s Investor Service (Moody's) have ratings on our debt set forth in the table below: S&PFitchMoody'sOutlookWatch NegativeWatch NegativeStableShort-termA-1F1P1Long-termAAA2 CONTRACTUAL OBLIGATIONS Following is a summary of our significant contractual obligations and probable liability payments as of December 31, 2025: Payments by PeriodTotal420262027 - 20282029 - 2030ThereafterLong-term debt, including finance leases1$29,046 $1,546 $8,319 $4,832 $14,349 Interest payments on long-term debt, including finance leases10,105 1,140 1,823 1,427 5,715 Operating lease liabilities1,263 224 380 248 411 Purchase obligations22,143 1,229 789 73 52 Estimated environmental liability payments3894 180 312 189 213 Total contractual obligations$43,451 $4,319 $11,623 $6,769 $20,740 1Assumes all long-term debt is outstanding until scheduled maturity.2Purchase obligations are entered into with various vendors in the normal course of business and are consistent with our expected requirements.3The payment amounts in the table only reflect the environmental liabilities which are probable and reasonably estimable as of December 31, 2025.4The table excludes tax liability payments, including those for unrecognized tax benefits. See Note 5 Income Taxes of Notes to Consolidated Financial Statements for additional information. Total4

Net cash provided by operating activities increased by $757 million, primarily due to the $1,325 million payment made by the Company pursuant to the NARCO Amended Buyout Agreement in 2023, partially offset by $697 million decrease of noncash adjustments, driven by $616 million decline in repositioning and other charges. Net cash used for investing activities increased by $8,864 million, driven by a $8,162 million increase in cash paid for acquisitions. Net cash provided by (used for) financing activities increased by $12,602 million, driven by $7,422 million increase in long-term debt proceeds, primarily to fund our recent acquisitions, $2,932 million increase in net proceeds of commercial paper, and $2,060 million decrease in repurchases of common stock. See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional information on the NARCO Amended Buyout Agreement. CASH REQUIREMENTS AND ASSESSMENT OF CURRENT LIQUIDITY In addition to our normal operating cash requirements, we expect our primary cash requirements in 2025 to be as follows: •Capital expenditures—we expect to spend approximately $1.3 billion for capital expenditures in 2025 primarily for growth, production and capacity expansion, implementation of cost reduction measures, maintenance, and replacement. •Share repurchases—under our share repurchase program, $5.5 billion was available as of December 31, 2024, for additional share repurchases as authorized by the Board on April 24, 2023. We expect to repurchase outstanding shares from time to time to offset the dilutive impact of employee stock-based compensation plans, including option exercises, restricted unit vesting and matching contributions under our savings plans. Additionally, we seek to reduce share count via share repurchases as and when attractive opportunities arise. The amount and timing of future repurchases may vary depending on market conditions and our level of operating, financing, and other investing activities. •Mergers and acquisitions—in addition to the proposed spin-off of the Advanced Materials business and intended separation of the Automation and Aerospace Technologies businesses into three stand-alone, publicly traded companies and the sale of the PPE business, we expect to evaluate and undertake actions to optimize our portfolio, including executing on strategic bolt-on acquisitions over the course of 2025. •Dividends—we increased our quarterly dividend rate by 5% to $1.13 per share of common stock effective with the fourth quarter 2024 dividend. We intend to continue to pay quarterly dividends in 2025. We sell trade receivables to unaffiliated financial institutions with limited or no recourse. We account for trade receivable sales as sales and, accordingly, receivables sold are excluded from Accounts receivable—net in the Consolidated Balance Sheet and are reflected in Cash flows from operating activities in the Consolidated Statement of Cash Flows. The difference between the carrying amount of the trade receivables sold and the cash received is recorded in Cost of products and services sold in the Consolidated Statement of Operations. The impact of this program is not material to our overall liquidity. Additionally, we continue to assess the relative strength of each business in our portfolio as to strategic fit, market position, profit, and cash flow contribution in order to identify target investment and acquisition opportunities in order to upgrade our combined portfolio. We identify acquisition candidates that will further our strategic plan and strengthen our existing core businesses. During the year ended December 31, 2024, we acquired Access Solutions for total consideration of $4.9 billion, net of cash acquired, CAES for total consideration of $1.9 billion, net of cash acquired, LNG for $1.8 billion, net of cash acquired, and Civitanavi Systems S.p.A. for total consideration of $200 million, net of cash acquired. We also identify businesses that do not fit into our long-term strategic plan based on their market position, relative profitability, or growth potential. These businesses are considered for potential divestiture, restructuring, or other repositioning actions, subject to regulatory constraints. On October 8, 2024, we announced our intention to spin off the Advanced Materials business into an independent, U.S. publicly traded company, which is targeted to be completed by the end of 2025 or early 2026. In addition, on November 22, 2024, we announced an agreement to sell our personal protective equipment business for $1.3 billion, with the assets and liabilities of the business classified as held for sale until the closing date of a sale. On February 6, 2025, the Company announced its intention to separate its Automation and Aerospace Technologies businesses into independent, U.S. publicly traded companies. See Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale of Notes to Consolidated Financial Statements for additional discussion. 38 Honeywell International Inc. 38 Honeywell International Inc. 38 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS Based on past performance and current expectations, we believe that our operating cash flows will be sufficient to meet our future operating cash needs for at least the next twelve months. Our available cash, committed credit lines, and access to the public debt and equity markets provide additional sources of short-term and long-term liquidity to fund current operations, debt maturities, and future investment opportunities. During the twelve months ended December 31, 2024, our net cash provided by financing activities included proceeds of $10.4 billion from the issuance of long-term debt primarily to fund the Access Solutions, CAES, LNG, and Civitanavi Systems S.p.A. acquisitions. See Note 9 Long-term Debt and Credit Agreements of Notes to Consolidated Financial Statements for additional discussion of items impacting our liquidity. BORROWINGS We leverage a variety of debt instruments to manage our overall borrowing costs. As of December 31, 2024, and 2023, our total borrowings were $31.1 billion and $20.4 billion, respectively. December 31,20242023Fixed rate notes$25,853 $18,530 Commercial paper4,271 2,083 Term loan1,000 — Variable rate notes22 22 Other392 219 Fair value of hedging instruments(136)(166)Debt issuance costs(303)(245)Total borrowings$31,099 $20,443 A key source of liquidity is our ability to access the corporate bond markets. Through these markets, we issue a variety of long-term fixed rate notes to manage our overall funding costs. Another key source of liquidity is our ability to access the commercial paper market. Commercial paper notes are sold at a discount or premium and have a maturity of not more than 365 days from date of issuance. Borrowings under the commercial paper program are available for general corporate purposes as well as for financing acquisitions. The weighted average interest rate on commercial paper and other short-term borrowings outstanding was 4.22% and 4.29% as of December 31, 2024, and 2023, respectively. We also have the following loan and revolving credit agreements: •A $1.0 billion Fixed Rate Term Loan Credit Agreement (the Fixed Rate Term Loan Credit Agreement), dated as of August 12, 2024. Amounts borrowed under the Fixed Rate Term Loan Credit Agreement are required to be repaid no later than August 12, 2027, unless the Fixed Rate Term Loan Credit Agreement is terminated earlier pursuant to its terms. As of December 31, 2024, there were $1.0 billion of borrowings outstanding under the Fixed Rate Term Loan Credit Agreement. •A $1.5 billion 364-day credit agreement (the 364-Day Credit Agreement) with a syndicate of banks, dated as of March 18, 2024. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 17, 2025, unless (i) we elect to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on March 17, 2026, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 364-Day Credit Agreement replaced the previously reported $1.5 billion 364-day credit agreement dated as of March 20, 2023, which was terminated in accordance with its terms effective March 18, 2024. As of December 31, 2024, there were no outstanding borrowings under our 364-Day Credit Agreement. •A $4.0 billion five-year credit agreement (the Five-Year Credit Agreement) with a syndicate of banks, dated as of March 18, 2024. Commitments under the Five-Year Credit Agreement can be increased pursuant to the terms of the Five-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. The Five-Year Credit Agreement amended and restated the previously reported $4.0 billion amended and restated five-year credit agreement dated as of March 20, 2023. As of December 31, 2024, there were no outstanding borrowings under our Five-Year Credit Agreement. We also have a current shelf registration statement filed with the SEC under which we may issue additional debt securities, common stock, and preferred stock that may be offered in one or more offerings on terms to be determined at the time of the offering. We anticipate that net proceeds of any offering would be used for general corporate purposes, including repayment of existing indebtedness, share repurchases, capital expenditures, and acquisitions. See Note 9 Long-Term Debt and Credit Agreements of Notes to Consolidated Financial Statements for additional information regarding our debt instruments. 39 Honeywell International Inc. 39 Honeywell International Inc. 39 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS CREDIT RATINGS Our ability to access the global debt capital markets and the related cost of these borrowings is affected by the strength of our credit rating and market conditions. Our credit ratings are periodically reviewed by the major independent debt-rating agencies. As of December 31, 2024, S&P Global Inc. (S&P), Fitch Ratings Inc. (Fitch), and Moody’s Investor Service (Moody's) have ratings on our debt set forth in the table below: S&PFitchMoody'sOutlookStableStablePositiveShort-termA-1F1P1Long-termAAA2 CONTRACTUAL OBLIGATIONS Following is a summary of our significant contractual obligations and probable liability payments as of December 31, 2024: Payments by PeriodTotal6,720252026 - 20272028 - 2029ThereafterLong-term debt, including finance leases1$27,265 $1,347 $5,809 $3,500 $16,609 Interest payments on long-term debt, including finance leases10,833 1,010 1,933 1,546 6,344 Operating lease liabilities1,302 235 384 261 422 Purchase obligations23,580 1,907 1,377 275 21 Estimated environmental liability payments3678 244 204 143 87 Asbestos-related liability payments41,482 157 255 217 853 Asbestos insurance recoveries5(110)(14)(22)(16)(58) Total contractual obligations$45,030 $4,886 $9,940 $5,926 $24,278 1Assumes all long-term debt is outstanding until scheduled maturity.2Purchase obligations are entered into with various vendors in the normal course of business and are consistent with our expected requirements.3The payment amounts in the table only reflect the environmental liabilities which are probable and reasonably estimable as of December 31, 2024.4These amounts are estimates of asbestos-related cash payments for Bendix Friction Materials (Bendix) based on our asbestos-related liabilities which are probable and reasonably estimable as of December 31, 2024. See Asbestos Matters in Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional information.5These amounts represent our insurance recoveries that are deemed probable for the Bendix asbestos-related liabilities as of December 31, 2024. See Asbestos Matters in Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional information.6The table excludes tax liability payments, including those for unrecognized tax benefits. See Note 5 Income Taxes of Notes to Consolidated Financial Statements for additional information.7The table excludes expected proceeds from the indemnification and reimbursement agreements entered into with Resideo Technologies, Inc. (Resideo). See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional information. Total6,7

2023 President and Chief Executive Officer, Building Automation since January 2024. President and Chief Executive Officer, Honeywell Building Technologies from April 2023 to December 2023. President of Smart Energy and Thermal Solutions in Performance Materials and Technologies from November 2021 to March 2023. From April 2017 to November 2021, Mr. Hammoud served as President of ESAB Americas and Global Fabrication Solutions at Colfax where he led strategy, business operations, and financial performance.

2023 President and Chief Executive Officer, Building Automation since January 2024. President and Chief Executive Officer, Honeywell Building Technologies from April 2023 to December 2023. President of Smart Energy and Thermal Solutions in Performance Materials and Technologies from November 2021 to March 2023. From April 2017 to November 2021, Mr. Hammoud served as President of ESAB Americas and Global Fabrication Solutions at Colfax where he led strategy, business operations, and financial performance.

Long-term debt, including finance leases1 Purchase obligations2 Estimated environmental liability payments3 The payment amounts in the table only reflect the environmental liabilities which are probable and reasonably estimable as of December 31, 2025. The table excludes tax liability payments, including those for unrecognized tax benefits. See Note 5 Income Taxes of Notes to Consolidated Financial Statements for additional information. ASBESTOS MATTERS Payments, net of insurance recoveries, related to known asbestos matters were $155 million, $209 million, and $109 million for the years ended December 31, 2025, 2024, and 2023, respectively. On September 29, 2025, the Company permanently divested all of its legacy Bendix asbestos liabilities and certain non-Bendix asbestos liabilities, contributing $1.4 billion in cash and transferring asbestos liabilities to a third party entity. As part of the agreement, the Company will be indemnified from future asbestos claims. In early 2023, we made payments of approximately $1.3 billion in connection with the NARCO Buyout. For additional information regarding the divestiture of asbestos liabilities and NARCO Buyout, see Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements. ENVIRONMENTAL MATTERS Accruals for environmental matters deemed probable and reasonably estimable were $443 million, $261 million, and $213 million for the years ended December 31, 2025, 2024, and 2023, respectively. In addition, for the years ended December 31, 2025, 2024, and 2023, we incurred operating costs for ongoing businesses of approximately $32 million, $39 million, and $35 million, respectively, relating to compliance with environmental regulations. Payments related to known environmental matters were $175 million, $221 million, and $196 million for the years ended December 31, 2025, 2024, and 2023, respectively, and are estimated to be approximately $180 million in 2026. We expect to make payments associated with these environmental matters from operating cash flows. The timing of these payments depends on several factors, including the timing of litigation and settlements of remediation liability, personal injury and property damage claims, regulatory approval of cleanup projects, execution timeframe of projects, remedial techniques to be utilized, and agreement with other parties. 44 Honeywell International Inc. 44 Honeywell International Inc. 44 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS Reimbursements from Resideo for payments related to environmental matters at certain sites, as defined in the indemnification and reimbursement agreement, were $105 million in 2025. In 2025, the Company and Resideo entered into a termination agreement for the accelerated monetization of the indemnification and reimbursement agreement. Upon closing of the transactions contemplated pursuant to the termination agreement, the Company received a one-time cash payment of $1,590 million in lieu of all future payments to which the Company was entitled pursuant to the indemnification and reimbursement agreement. As a result of the termination agreement, Resideo no longer has any obligation to make cash payments to Honeywell in respect of Honeywell's net spending for environmental matters. See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for further discussion of our environmental matters and the indemnification and reimbursement agreement and termination agreement entered into with Resideo. FINANCIAL INSTRUMENTS The Company uses derivative financial instruments to reduce risks from interest and foreign currency exchange rate fluctuations. Derivative financial instruments are not used for trading or other speculative purposes, and we do not use leveraged derivative financial instruments. The following table illustrates the potential change in fair value for interest rate sensitive instruments based on a hypothetical immediate one percentage point increase in interest rates across all maturities and the potential change in fair value for foreign exchange rate sensitive instruments based on a 10% weakening of the U.S. dollar versus local currency exchange rates across all maturities as of December 31, 2025, and 2024: Carrying Value orNotionalAmountCarryingValue1FairValue1EstimatedIncrease(Decrease)in FairValue2December 31, 2025 Interest rate sensitive instruments Long-term debt (including current maturities)$28,688 $(28,688)$(28,144)$(1,341)Interest rate swap agreements4,068 (79)(79)(95)Total$32,756 $(28,767)$(28,223)$(1,436)Foreign exchange rate sensitive instrumentsForeign currency exchange contracts3$10,191 $(7)$(7)$(189)Cross currency swap agreements6,139 (801)(801)(771)Total$16,330 $(808)$(808)$(960)December 31, 2024Interest rate sensitive instrumentsLong-term debt (including current maturities)$26,826 $(26,826)$(25,503)$(1,452)Interest rate swap agreements3,899 (136)(136)(120)Total$30,725 $(26,962)$(25,639)$(1,572)Foreign exchange rate sensitive instrumentsForeign currency exchange contracts3$9,155 $(1)$(1)$(305)Cross currency swap agreements7,214 68 68 (786)Total$16,369 $67 $67 $(1,091)1Asset or (liability).2A potential change in fair value of interest rate sensitive instruments based on a hypothetical immediate one percentage point decrease in interest rates across all maturities and a potential change in fair value of foreign exchange rate sensitive instruments based on a 10% strengthening of the U.S. dollar versus local currency exchange rates across all maturities will result in a change in fair value approximately equal to the inverse of the amount disclosed in the table.3Changes in the fair value of foreign currency exchange contracts are offset by changes in the fair value, cash flows, or net investments of underlying hedged foreign currency transactions or foreign operations. Carrying Value1 Fair Value1 Estimated Increase (Decrease) in Fair Value2 Foreign currency exchange contracts3 Foreign currency exchange contracts3 Asset or (liability). A potential change in fair value of interest rate sensitive instruments based on a hypothetical immediate one percentage point decrease in interest rates across all maturities and a potential change in fair value of foreign exchange rate sensitive instruments based on a 10% strengthening of the U.S. dollar versus local currency exchange rates across all maturities will result in a change in fair value approximately equal to the inverse of the amount disclosed in the table. Changes in the fair value of foreign currency exchange contracts are offset by changes in the fair value, cash flows, or net investments of underlying hedged foreign currency transactions or foreign operations. See Note 11 Derivative Instruments and Hedging Transactions of Notes to Consolidated Financial Statements for further discussion. 45 Honeywell International Inc. 45 Honeywell International Inc. 45 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

Long-term debt, including finance leases1 Purchase obligations2 Estimated environmental liability payments3 Asbestos-related liability payments4 Asbestos insurance recoveries5 The payment amounts in the table only reflect the environmental liabilities which are probable and reasonably estimable as of December 31, 2024. These amounts are estimates of asbestos-related cash payments for Bendix Friction Materials (Bendix) based on our asbestos-related liabilities which are probable and reasonably estimable as of December 31, 2024. See Asbestos Matters in Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional information. These amounts represent our insurance recoveries that are deemed probable for the Bendix asbestos-related liabilities as of December 31, 2024. See Asbestos Matters in Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional information. The table excludes tax liability payments, including those for unrecognized tax benefits. See Note 5 Income Taxes of Notes to Consolidated Financial Statements for additional information. The table excludes expected proceeds from the indemnification and reimbursement agreements entered into with Resideo Technologies, Inc. (Resideo). See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional information. ASBESTOS MATTERS Payments, net of insurance recoveries, related to known asbestos matters were $209 million, $109 million, and $166 million for the years ended December 31, 2024, 2023, and 2022, respectively, and are estimated to be approximately $157 million in 2025. We expect to make payments associated with these asbestos matters from operating cash flows. The timing of these payments depends on several factors, including the timing of litigation and settlements of liability claims. In early 2023, we made payments of approximately $1.3 billion in connection with the NARCO Buyout. For additional information regarding the NARCO Buyout, see Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements. 40 Honeywell International Inc. 40 Honeywell International Inc. 40 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS ENVIRONMENTAL MATTERS Accruals for environmental matters deemed probable and reasonably estimable were $261 million, $222 million, and $186 million for the years ended December 31, 2024, 2023, and 2022, respectively. In addition, for the years ended December 31, 2024, 2023, and 2022, we incurred operating costs for ongoing businesses of approximately $124 million, $110 million, and $71 million, respectively, relating to compliance with environmental regulations. Payments related to known environmental matters were $224 million, $196 million, and $211 million for the years ended December 31, 2024, 2023, and 2022, respectively, and are estimated to be approximately $244 million in 2025. We expect to make payments associated with these environmental matters from operating cash flows. The timing of these payments depends on several factors, including the timing of litigation and settlements of remediation liability, personal injury and property damage claims, regulatory approval of cleanup projects, execution timeframe of projects, remedial techniques to be utilized, and agreement with other parties. Reimbursements from Resideo for payments related to environmental matters at certain sites, as defined in the indemnification and reimbursement agreement, were $140 million in 2024 and are expected to be $140 million in 2025. See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for further discussion of our environmental matters and the indemnification and reimbursement agreement entered into with Resideo. FINANCIAL INSTRUMENTS The Company uses derivative financial instruments to reduce risks from interest and foreign currency exchange rate fluctuations. Derivative financial instruments are not used for trading or other speculative purposes, and we do not use leveraged derivative financial instruments. The following table illustrates the potential change in fair value for interest rate sensitive instruments based on a hypothetical immediate one percentage point increase in interest rates across all maturities and the potential change in fair value for foreign exchange rate sensitive instruments based on a 10% weakening of the U.S. dollar versus local currency exchange rates across all maturities as of December 31, 2024, and 2023: Carrying Value orNotionalAmountCarryingValue1FairValue1EstimatedIncrease(Decrease)in FairValue2December 31, 2024 Interest rate sensitive instruments Long-term debt (including current maturities)$26,826 $(26,826)$(25,503)$(1,452)Interest rate swap agreements3,899 (136)(136)(120)Total$30,725 $(26,962)$(25,639)$(1,572)Foreign exchange rate sensitive instrumentsForeign currency exchange contracts3$10,008 $18 $18 $(350)Cross currency swap agreements7,214 68 68 (786)Total$17,222 $86 $86 $(1,136)December 31, 2023Interest rate sensitive instrumentsLong-term debt (including current maturities)$18,358 $(18,358)$(17,706)$(1,530)Interest rate swap agreements4,717 (166)(166)(160)Total$23,075 $(18,524)$(17,872)$(1,690)Foreign exchange rate sensitive instrumentsForeign currency exchange contracts3$8,910 $26 $26 $(319)Cross currency swap agreements4,264 (145)(145)(234)Total$13,174 $(119)$(119)$(553)1Asset or (liability).2A potential change in fair value of interest rate sensitive instruments based on a hypothetical immediate one percentage point decrease in interest rates across all maturities and a potential change in fair value of foreign exchange rate sensitive instruments based on a 10% strengthening of the U.S. dollar versus local currency exchange rates across all maturities will result in a change in fair value approximately equal to the inverse of the amount disclosed in the table.3Changes in the fair value of foreign currency exchange contracts are offset by changes in the fair value, cash flows, or net investments of underlying hedged foreign currency transactions or foreign operations. Carrying Value1 Fair Value1 Estimated Increase (Decrease) in Fair Value2 Foreign currency exchange contracts3 Foreign currency exchange contracts3 Asset or (liability). A potential change in fair value of interest rate sensitive instruments based on a hypothetical immediate one percentage point decrease in interest rates across all maturities and a potential change in fair value of foreign exchange rate sensitive instruments based on a 10% strengthening of the U.S. dollar versus local currency exchange rates across all maturities will result in a change in fair value approximately equal to the inverse of the amount disclosed in the table. Changes in the fair value of foreign currency exchange contracts are offset by changes in the fair value, cash flows, or net investments of underlying hedged foreign currency transactions or foreign operations. See Note 11 Derivative Instruments and Hedging Transactions of Notes to Consolidated Financial Statements for further discussion. 41 Honeywell International Inc. 41 Honeywell International Inc. 41 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is defined as the unit of account. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. When contracts with customers require highly complex integration or manufacturing services that are not separately identifiable from other promises in the contracts and, therefore, not distinct, then the entire contract is accounted for as a single performance obligation. In situations when the Company's contracts include distinct goods or services that are substantially the same and have the same pattern of transfer to the customer over time, they are recognized as a series of distinct goods or services. For any contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the estimated relative stand-alone selling price of each distinct good or service in the contract. For product sales, each product sold to a customer typically represents a distinct performance obligation. In such cases, the observable stand-alone sales are used to determine the stand-alone selling price. Performance obligations are satisfied as of a point in time or over time. Performance obligations are supported by contracts with customers, providing a framework for the nature of the distinct goods, services, or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. The Company's remaining performance obligations as of December 31, 2025, are $37,475 million. Performance obligations recognized as of December 31, 2025, will be satisfied over the course of future periods. The Company's disclosure of the timing for satisfying the performance obligation is based on the requirements of contracts with customers. However, from time to time, these contracts may be subject to modifications, impacting the timing of satisfying the performance obligations. Performance obligations expected to be satisfied within one year and greater than one year are 57% and 43%, respectively. The timing of satisfaction of the Company's performance obligations does not significantly vary from the typical timing of payment. Typical payment terms of the Company's fixed price over time contracts include progress payments based on specified events or milestones or based on project progress. For some contracts, the Company may be entitled to receive an advance payment. The Company applied the practical expedient for certain revenue streams to exclude the value of remaining performance obligations for contracts for which the Company recognizes revenue in proportion to the amount the Company has the right to invoice for services performed. 73 Honeywell International Inc. 73 Honeywell International Inc. 73 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is defined as the unit of account. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. When the Company's contracts with customers require highly complex integration or manufacturing services that are not separately identifiable from other promises in the contracts and, therefore, not distinct, then the entire contract is accounted for as a single performance obligation. In situations when the Company's contracts include distinct goods or services that are substantially the same and have the same pattern of transfer to the customer over time, they are recognized as a series of distinct goods or services. For any contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the estimated relative stand-alone selling price of each distinct good or service in the contract. For product sales, each product sold to a customer typically represents a distinct performance obligation. In such cases, the observable stand-alone sales are used to determine the stand-alone selling price. Performance obligations are satisfied as of a point in time or over time. Performance obligations are supported by contracts with customers, providing a framework for the nature of the distinct goods, services or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. 68 Honeywell International Inc. 68 Honeywell International Inc. 68 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Year Ended December 31, 2023Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and Other Financial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $141 $— $141 Prior service (credit) recognized— — — — (63)— (63)Losses (gains) on cash flow hedges(15)(28)(10)(10)— — (63)Total before tax$(15)$(28)$(10)$(10)$78 $— $15 Tax expense (benefit)6 Total reclassifications for the period, net of tax$21 Cost of

Year Ended December 31, 2023Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $141 $— $141 Prior service (credit) recognized— — — — (63)— (63)Losses (gains) on cash flow hedges(15)(28)(10)(10)— — (63)Total before tax$(15)$(28)$(10)$(10)$78 $— $15 Tax expense (benefit)6 Total reclassifications for the period, net of tax$21 Cost of

The following table summarizes the Company's contract assets and liabilities balances: 20252024Contract assets—January 1$2,155 $2,013 Contract assets—December 3112,403 2,155 Change in contract assets—increase (decrease)248 142 Contract liabilities—January 1(4,120)(4,214)Contract liabilities—December 312(3,839)(4,120)Change in contract liabilities—decrease (increase)281 94 Net change$529 $236 1As of December 31, 2025 and 2024, contract assets excludes $68 million and $3 million, respectively, that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.2As of December 31, 2025 and 2024, contract liabilities excludes $379 million and $21 million, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. Contract assets—December 311 Contract liabilities—December 312 1 As of December 31, 2025 and 2024, contract assets excludes $68 million and $3 million, respectively, that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. 2 As of December 31, 2025 and 2024, contract liabilities excludes $379 million and $21 million, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. For the years ended December 31, 2025, and 2024, the Company recognized revenue of $1,964 million and $2,101 million, respectively, that was previously included in the beginning balance of contract liabilities. Contract assets included $2,424 million and $2,102 million of unbilled balances under long-term contracts as of December 31, 2025, and 2024, respectively. These amounts are billed in accordance with the terms of customer contracts to which they relate. When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations. Contract modifications for goods or services and not distinct from the existing contract, due to the significant integration with the original good or service provided, are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price and the Company's measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at relative stand-alone selling price, they are accounted for as a new contract and performance obligation, which are recognized prospectively.

Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period. The following table summarizes the Company's contract assets and liabilities balances: 20242023Contract assets—January 1$2,013 $2,294 Contract assets—December 3112,207 2,013 Change in contract assets—increase (decrease)194 (281)Contract liabilities—January 1(4,326)(4,583)Contract liabilities—December 312(4,220)(4,326)Change in contract liabilities—decrease (increase)106 257 Net change$300 $(24)1As of December 31, 2024, contract assets excludes $3 million that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.2As of December 31, 2024, contract liabilities excludes $21 million that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. Contract assets—December 311 Contract liabilities—December 312 1 As of December 31, 2024, contract assets excludes $3 million that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. 2 As of December 31, 2024, contract liabilities excludes $21 million that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. For the years ended December 31, 2024, and 2023, the Company recognized revenue of $2,140 million and $2,070 million, respectively, that was previously included in the beginning balance of contract liabilities. Contract assets included $2,139 million and $1,949 million of unbilled balances under long-term contracts as of December 31, 2024, and 2023, respectively. These amounts are billed in accordance with the terms of customer contracts to which they relate. When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations. Contract modifications for goods or services and not distinct from the existing contract, due to the significant integration with the original good or service provided, are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price and the Company's measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at relative stand-alone selling price, they are accounted for as a new contract and performance obligation, which are recognized prospectively.

The Company recognizes a liability for any asbestos-related contingency that is probable of occurrence and reasonably estimable. In connection with the recognition of liabilities for asbestos-related matters, the Company records asbestos-related insurance recoveries that are deemed probable. In 2025, the Company permanently divested all of its legacy Bendix asbestos liabilities and certain non-Bendix asbestos liabilities, contributing $1,428 million in cash and transferring asbestos liabilities to a third party entity. As part of the agreement, the Company will be indemnified from future asbestos claims. See Note 19 Commitments and Contingencies for additional information. NOTE 2. ACQUISITIONS, DIVESTITURES, AND DISCONTINUED OPERATIONS

The Company recognizes a liability for any asbestos-related contingency that is probable of occurrence and reasonably estimable. In connection with the recognition of liabilities for asbestos-related matters, the Company records asbestos-related insurance recoveries that are deemed probable. See Note 19 Commitments and Contingencies for additional information. NOTE 2. ACQUISITIONS, DIVESTITURES, AND ASSETS AND LIABILITIES HELD FOR SALE

As of December 31, 2025, the Company estimates that approximately $6 million of net derivative losses related to its cash flow hedges included in Accumulated other comprehensive loss will be reclassified into earnings within the next 12 months. The following table summarizes the amount of gain or (loss) on net investment hedges recognized in Accumulated other comprehensive loss: Years Ended December 31,20252024Euro-denominated long-term debt$(664)$249 Euro-denominated commercial paper(139)72 Cross currency swap agreements(868)190 NOTE 12. FAIR VALUE MEASUREMENTS The accounting guidance for fair value measurements and disclosures establishes a three-level fair value hierarchy: •Level 1 - Inputs are based on quoted prices in active markets for identical assets and liabilities. •Level 2 - Inputs are based on observable inputs other than quoted prices in active markets for identical or similar assets and liabilities. •Level 3 - One or more inputs are unobservable and significant. The Company classifies financial and nonfinancial assets and liabilities in their entirety based on the lowest level of input that is significant to the fair value measurement. 91 Honeywell International Inc. 91 Honeywell International Inc. 91 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

As of December 31, 2024, the Company estimates that approximately $20 million of net derivative gains related to its cash flow hedges included in Accumulated other comprehensive loss will be reclassified into earnings within the next 12 months. The following table summarizes the amount of pre-tax gain or (loss) on net investment hedges recognized in Accumulated other comprehensive loss: Years Ended December 31,20242023Euro-denominated long-term debt$249 $(84)Euro-denominated commercial paper72 (42)Cross currency swap agreements190 (193) NOTE 12. FAIR VALUE MEASUREMENTS The accounting guidance for fair value measurements and disclosures establishes a three-level fair value hierarchy: •Level 1 - Inputs are based on quoted prices in active markets for identical assets and liabilities. •Level 2 - Inputs are based on observable inputs other than quoted prices in active markets for identical or similar assets and liabilities. •Level 3 - One or more inputs are unobservable and significant. Financial and nonfinancial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. 85 Honeywell International Inc. 85 Honeywell International Inc. 85 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

As of December 31, 2025, Net deferred tax liability excludes $136 million of deferred tax assets that are included in Assets held for sale in the Consolidated Balance Sheet. As of December 31, 2024, Net deferred tax liability excludes $124 million of deferred tax liabilities that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. The Company's gross deferred tax assets include $1,258 million related to non-U.S. operations comprised primarily of net operating losses and other tax attribute carryforwards in Germany, Luxembourg, Switzerland, and the United Kingdom. The Company maintains a valuation allowance of $1,058 million against a portion of the non-U.S. gross deferred tax assets and a valuation allowance of $316 million against the U.S. gross deferred tax asset, primarily related to capital loss and other credit carryforwards. The change in the valuation allowance resulted in an increase of $88 million, a decrease of $13 million, and an increase of $458 million to income tax expense in 2025, 2024, and 2023, respectively. If the Company determines that the likelihood of realization of existing deferred tax assets changes, a corresponding increase or decrease to valuation allowances will be recognized as an increase or reduction to income tax expense in the period that determination is made. As of December 31, 2025, the Company's net operating loss, capital loss, tax credit carryforwards, and other attributes were as follows:

1 As of December 31, 2024, Net deferred tax liability excludes $124 million that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. The Company's gross deferred tax assets include $1,360 million related to non-U.S. operations comprised primarily of net operating losses and other tax attribute carryforwards in France, Germany, Luxembourg, Switzerland, and the United Kingdom. The Company maintains a valuation allowance of $1,066 million against a portion of the non-U.S. gross deferred tax assets and a valuation allowance of $187 million against the U.S. gross deferred tax asset, primarily related to capital loss carryovers. The change in the valuation allowance resulted in a decrease of $13 million, an increase of $458 million, and a decrease of $8 million to income tax expense in 2024, 2023, and 2022, respectively. If the Company determines that the likelihood of realization of existing deferred tax assets changes, a corresponding increase or decrease to valuation allowances will be recognized as an increase or reduction to income tax expense in the period that determination is made. As of December 31, 2024, the Company recorded a $516 million deferred tax liability on all unremitted foreign earnings based on estimated earnings and profits of approximately $18.3 billion as of the balance sheet date. 74 Honeywell International Inc. 74 Honeywell International Inc. 74 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The following table summarizes information about stock option activity for the three years ended December 31, 2025: Number ofOptions (in millions)Weighted AverageExercise PriceOutstanding at December 31, 202214.1 $147.14 Granted1.6 195.27 Exercised(1.7)123.12 Lapsed or canceled(0.6)192.22 Outstanding at December 31, 202313.4 153.86 Granted1.6 198.20 Exercised(4.2)125.30 Lapsed or canceled(0.4)195.71 Outstanding at December 31, 202410.4 170.29 Awards transferred to Solstice at spin-off(0.2)147.23 Adjustment to awards related to spin-off of Solstice0.6 N/AGranted1.6 212.23 Exercised(1.8)130.42 Lapsed or canceled(0.4)178.87 Outstanding at December 31, 202510.2 $172.62 Vested and expected to vest at December 31, 202519.4 $172.06 Exercisable at December 31, 20256.9 $163.04 1Represents the sum of vested options of 6.9 million and expected to vest options of 2.5 million. Expected to vest options are derived by applying the pre-vesting forfeiture rate assumption to total outstanding unvested options of 3.3 million.

The following table summarizes information about stock option activity for the three years ended December 31, 2024: Number ofOptions (in millions)Weighted AverageExercise PriceOutstanding at December 31, 202115.9 $135.31 Granted2.1 189.53 Exercised(3.0)103.89 Lapsed or canceled(0.9)186.35 Outstanding at December 31, 202214.1 147.14 Granted1.6 195.27 Exercised(1.7)123.12 Lapsed or canceled(0.6)192.22 Outstanding at December 31, 202313.4 153.86 Granted1.6 198.20 Exercised(4.2)125.30 Lapsed or canceled(0.4)195.71 Outstanding at December 31, 202410.4 $170.29 Vested and expected to vest at December 31, 202419.5 $168.07 Exercisable at December 31, 20246.9 $157.58 1Represents the sum of vested options of 6.9 million and expected to vest options of 2.6 million. Expected to vest options are derived by applying the pre-vesting forfeiture rate assumption to total outstanding unvested options of 3.4 million.

The Company operates a global business in a wide variety of foreign currencies. The Company's exposure to market risk for changes in foreign currency exchange rates arises from international financing activities between subsidiaries, foreign currency denominated monetary assets and liabilities, and transactions arising from international trade. The Company's objective is to preserve the U.S. dollar value of foreign currency denominated cash flows and earnings. The Company monitors its collective foreign currency exposure and enters into foreign currency exchange forward and option contracts (foreign currency exchange contracts) with third parties, when necessary, to minimize the impact of changes in foreign currency exchange rates. The Company has monetary assets and liabilities denominated in non-functional currencies. Prior to conversion into U.S. dollars, these assets and liabilities are remeasured at spot exchange rates as of the balance sheet date. The Company recognizes effects of changes in spot rates in Other (income) expense. The Company uses foreign currency exchange contracts to hedge foreign currency exposure. These contracts are marked-to-market in net income and offset gains and losses on the non-functional currency denominated monetary assets and liabilities being hedged. The Company also uses foreign currency contracts to hedge forecasted sales and purchases, which are denominated in non-functional currencies. Changes in the forecasted non-functional currency cash flows due to movements in exchange rates are substantially offset by changes in the fair value of these foreign currency exchange contracts designated as hedges. Market value gains and losses on these contracts are recognized in earnings when the hedged transaction is recognized. As of December 31, 2025, and 2024, the Company held contracts with notional amounts of $10,191 million and $9,155 million, respectively, to exchange foreign currencies, principally the U.S. dollar, euro, Canadian dollar, British pound, Mexican peso, Chinese renminbi, and Indian rupee. The Company also designates certain foreign currency debt and derivative contracts as hedges against portions of its net investment in foreign operations. Gains or losses of the foreign currency debt and derivative contracts designated as net investment hedges are recorded in the same manner as foreign currency translation adjustments.

The Company uses foreign currency exchange contracts to hedge foreign currency exposure. These contracts are marked-to-market in net income and offset gains and losses on the non-functional currency denominated monetary assets and liabilities being hedged. The Company also uses foreign currency contracts to hedge forecasted sales and purchases, which are denominated in non-functional currencies. Changes in the forecasted non-functional currency cash flows due to movements in exchange rates are substantially offset by changes in the fair value of these foreign currency exchange contracts designated as hedges. Market value gains and losses on these contracts are recognized in earnings when the hedged transaction is recognized. As of December 31, 2024, and 2023, the Company held contracts with notional amounts of $10,008 million and $8,910 million, respectively, to exchange foreign currencies, principally the U.S. dollar, euro, Canadian dollar, British pound, Mexican peso, Chinese renminbi, and Indian rupee. The Company also designates certain foreign currency debt and derivative contracts as hedges against portions of its net investment in foreign operations. Gains or losses of the foreign currency debt and derivative contracts designated as net investment hedges are recorded in the same manner as foreign currency translation adjustments.

The actuarial losses incurred in 2025 related to the Company's U.S. plans are primarily the result of a decrease in the discount rate assumption, as well as changes in the lump sum calculation basis and experience losses used to estimate the benefit obligations as of December 31, 2025, compared to December 31, 2024. Actuarial losses incurred in 2025 related to the Company's non-U.S. plans are primarily the result of the Netherlands plan settlement, as well as experience losses and changes in demographic assumptions, partially offset by an increase in discount rate assumption and inflation related assumptions used to estimate the benefit obligations as of December 31, 2025, compared to December 31, 2024. Actuarial gains incurred in 2024 related to the Company's U.S. plans are primarily the result of an increase in the discount rate assumption, as well as changes in demographic assumptions, partially offset by changes in demographic experience used to estimate the benefit obligations as of December 31, 2024, compared to December 31, 2023. Actuarial gains incurred in 2024 related to the Company's non-U.S. plans are primarily the result of an increase in the discount rate assumption, as well as changes in demographic assumptions, partially offset by inflation related assumptions and changes in demographic experience used to estimate the benefit obligations as of December 31, 2024, compared to December 31, 2023. Included in Other assets in the Consolidated Balance Sheet. Included in Accrued liabilities in the Consolidated Balance Sheet. 107 Honeywell International Inc. 107 Honeywell International Inc. 107 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The following tables summarize the balance sheet impact, including the benefit obligations, assets, and funded status associated with the Company's significant pension and other postretirement benefit plans: Pension BenefitsU.S. PlansNon-U.S. Plans2024202320242023Change in benefit obligation Benefit obligation at beginning of year$12,792 $13,290 $4,718 $4,400 Service cost28 29 12 11 Interest cost599 645 191 200 Plan amendments— — 14 — Actuarial (gains) losses1(579)337 (393)191 Benefits paid(1,069)(1,509)(262)(250)Settlements and curtailments— — (14)— Foreign currency translation— — (106)165 Other1 — 1 1 Benefit obligation at end of year11,772 12,792 4,161 4,718 Change in plan assetsFair value of plan assets at beginning of year16,594 17,005 5,549 5,304 Actual return on plan assets1,008 1,070 (111)267 Company contributions31 28 29 22 Benefits paid(1,069)(1,509)(262)(250)Foreign currency translation— — (101)205 Other1 1 1 Fair value of plan assets at end of year16,565 16,594 5,105 5,549 Funded status of plans$4,793 $3,802 $944 $831 Amounts recognized in the Consolidated Balance Sheet consist ofPrepaid pension benefit cost2$5,029 $4,052 $1,431 $1,335 Accrued pension liabilities—current3(28)(26)(15)(15)Accrued pension liabilities—noncurrent4(208)(224)(472)(489)Net amount recognized$4,793 $3,802 $944 $831 1The actuarial gains incurred in 2024 related to the Company's U.S. plans are primarily the result of an increase in the discount rate assumption, as well as changes in demographic assumptions, partially offset by changes in demographic experience used to estimate the benefit obligations as of December 31, 2024, compared to December 31, 2023. Actuarial gains incurred in 2024 related to the Company's non-U.S. plans are primarily the result of an increase in the discount rate assumption, as well as changes in demographic assumptions, partially offset by inflation related assumptions and changes in demographic experience used to estimate the benefit obligations as of December 31, 2024, compared to December 31, 2023. Actuarial losses incurred in 2023 related to the Company's U.S. plans are primarily the result of a decrease in the discount rate assumption, as well as changes in demographic experience and demographic assumptions used to estimate the benefit obligations as of December 31, 2023, compared to December 31, 2022. Actuarial losses incurred in 2023 related to the Company's non-U.S. plans are primarily the result of a decrease in the discount rate assumption, partially offset by inflation related assumptions used to estimate the benefit obligations as of December 31, 2023, compared to December 31, 2022.2Included in Other assets in the Consolidated Balance Sheet.3Included in Accrued liabilities in the Consolidated Balance Sheet.4Included in Other liabilities in the Consolidated Balance Sheet. Actuarial (gains) losses1 Prepaid pension benefit cost2 Accrued pension liabilities—current3 Accrued pension liabilities—noncurrent4 The actuarial gains incurred in 2024 related to the Company's U.S. plans are primarily the result of an increase in the discount rate assumption, as well as changes in demographic assumptions, partially offset by changes in demographic experience used to estimate the benefit obligations as of December 31, 2024, compared to December 31, 2023. Actuarial gains incurred in 2024 related to the Company's non-U.S. plans are primarily the result of an increase in the discount rate assumption, as well as changes in demographic assumptions, partially offset by inflation related assumptions and changes in demographic experience used to estimate the benefit obligations as of December 31, 2024, compared to December 31, 2023. Actuarial losses incurred in 2023 related to the Company's U.S. plans are primarily the result of a decrease in the discount rate assumption, as well as changes in demographic experience and demographic assumptions used to estimate the benefit obligations as of December 31, 2023, compared to December 31, 2022. Actuarial losses incurred in 2023 related to the Company's non-U.S. plans are primarily the result of a decrease in the discount rate assumption, partially offset by inflation related assumptions used to estimate the benefit obligations as of December 31, 2023, compared to December 31, 2022. Included in Other assets in the Consolidated Balance Sheet. Included in Accrued liabilities in the Consolidated Balance Sheet. 101 Honeywell International Inc. 101 Honeywell International Inc. 101 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

RSU awards entitle the holder to receive one share of common stock for each unit when the units vest. RSUs are issued to certain key employees and directors as compensation at fair market value at the date of grant. RSUs generally become fully vested over periods ranging from three to six years and are payable in Honeywell common stock upon vesting. Certain RSU awards are performance-based and awarded to eligible employees which entitle the grantee to receive shares of common stock if specified Company performance goals are achieved during the performance period and if the grantee remains employed through the vesting period. three The following table summarizes information about RSU activity for the three years ended December 31, 2025: Number ofRestrictedStock Units(in millions)WeightedAverageGrant DateFair ValuePer ShareNon-vested at December 31, 20222.7 $181.10 Granted1.1 194.81 Vested(0.9)171.92 Forfeited(0.3)187.13 Non-vested at December 31, 20232.6 189.18 Granted1.0 200.44 Vested(0.8)185.70 Forfeited(0.3)191.68 Non-vested at December 31, 20242.5 194.85 Awards transferred to Solstice at spin-off(0.1)204.06 Adjustment to awards related to spin-off of Solstice0.1 N/AGranted1.3 206.97 Vested(0.8)191.73 Forfeited(0.3)198.18 Non-vested at December 31, 20252.7 $191.35

Restricted stock unit (RSU) awards entitle the holder to receive one share of common stock for each unit when the units vest. RSUs are issued to certain key employees and directors as compensation at fair market value at the date of grant. RSUs generally become fully vested over periods ranging from three to six years and are payable in Honeywell common stock upon vesting. Certain RSU awards are performance-based and awarded to eligible employees which entitle the grantee to receive shares of common stock if specified Company performance goals are achieved during the performance period and if the grantee remains employed through the vesting period. three The following table summarizes information about RSU activity for the three years ended December 31, 2024: Number ofRestrictedStock Units(in millions)WeightedAverageGrant DateFair ValuePer ShareNon-vested at December 31, 20213.0 $171.73 Granted1.0 186.48 Vested(0.9)157.21 Forfeited(0.4)177.38 Non-vested at December 31, 20222.7 181.10 Granted1.1 194.81 Vested(0.9)171.92 Forfeited(0.3)187.13 Non-vested at December 31, 20232.6 189.18 Granted1.0 200.44 Vested(0.8)185.70 Forfeited(0.3)191.68 Non-vested at December 31, 20242.5 $194.85 As of December 31, 2024, there was approximately $236 million of total unrecognized compensation cost related to non-vested RSUs granted under the Company's stock plans which is expected to be recognized over a weighted average period of 1.88 years. The following table summarizes the impact to the Consolidated Statement of Operations from RSUs: Years Ended December 31,202420232022Compensation expense$142 $154 $143 Future income tax benefit recognized30 32 29 90 Honeywell International Inc. 90 Honeywell International Inc. 90 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

On August 19, 2024, the Company completed the acquisition of Civitanavi Systems S.p.A., a leader in position navigation and timing technology for the aerospace, defense, and industrial markets, for total consideration of $200 million, net of cash acquired. The business is part of the Aerospace Technologies reportable business segment. The assets acquired and liabilities assumed with Civitanavi Systems S.p.A. included $75 million of intangible assets and $107 million of goodwill, which is not deductible for tax purposes. The Company finalized the evaluation for the fair value of all the assets acquired and liabilities assumed with Civitanavi Systems S.p.A. during the third quarter of 2025.

On August 19, 2024, the Company completed the acquisition of Civitanavi Systems S.p.A., a leader in position navigation and timing technology for the aerospace, defense, and industrial markets, for total consideration of $200 million, net of cash acquired. The business is included within the Aerospace Technologies reportable business segment. The assets and liabilities acquired with Civitanavi Systems S.p.A. are included in the Consolidated Balance Sheet as of December 31, 2024, including $75 million of intangible assets and $107 million of goodwill, which is not deductible for tax purposes. As of December 31, 2024, the purchase accounting is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, and tax balances.

LITIGATION See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for a discussion of environmental, asbestos, and other litigation matters. RECENT ACCOUNTING PRONOUNCEMENTS See Note 1 Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements for a discussion of recent accounting pronouncements. 48 Honeywell International Inc. 48 Honeywell International Inc. 48 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

LITIGATION See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for a discussion of environmental, asbestos, and other litigation matters. RECENT ACCOUNTING PRONOUNCEMENTS See Note 1 Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements for a discussion of recent accounting pronouncements. 45 Honeywell International Inc. 45 Honeywell International Inc. 45 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

The Company is subject to various federal, state, local, and foreign government requirements relating to the protection of the environment. The Company believes that, as a general matter, the Company's policies, practices, and procedures are properly designed to prevent unreasonable risk of environmental damage and personal injury and that the handling, manufacture, use, and disposal of hazardous substances are in accordance with environmental and safety laws and regulations. However, mainly because of past operations and operations of predecessor companies, the Company, like other companies engaged in similar businesses, incurred remedial response and voluntary cleanup costs for site contamination and is a party to lawsuits and claims associated with environmental and safety matters, including past production of products containing hazardous substances. Additional lawsuits, claims, and costs involving environmental matters are likely to continue to arise in the future. With respect to environmental matters involving site contamination, the Company continually conducts studies, individually or jointly with other potentially responsible parties, to determine the feasibility of various remedial techniques. It is the Company's policy to record liabilities for environmental matters when remedial efforts or damage claim payments are probable and the costs can be reasonably estimated. Such liabilities are based on the Company's best estimate of the undiscounted future costs required to complete the remedial work. The recorded liabilities are adjusted periodically as remediation efforts progress or as additional technical, regulatory, or legal information becomes available. Given the uncertainties regarding the status of laws, regulations, enforcement policies, the impact of other potentially responsible parties, technology, and information related to individual sites, the Company does not believe it is possible to develop an estimate of the range of reasonably possible environmental loss in excess of the Company's recorded liabilities. The Company expects to fund expenditures for these matters from operating cash flows. The timing of cash expenditures depends on a number of factors, including the timing of remedial investigations and feasibility studies, the timing of litigation and settlements of remediation liability, personal injury and property damage claims, regulatory approval of cleanup projects, remedial techniques to be utilized, and agreements with other parties. The following table summarizes information concerning the Company's recorded liabilities for environmental costs: Years Ended December 31,202520242023Beginning of year$626 $586 $569 Accruals for environmental matters deemed probable and reasonably estimable443 261 213 Environmental liability payments(175)(221)(196)End of year$894 $626 $586 Accruals for environmental matters deemed probable and reasonably estimable Accruals for environmental matters deemed probable and reasonably estimable Accruals for environmental matters deemed probable and reasonably estimable Environmental liabilities are included in the following balance sheet accounts: December 31,20252024Accrued liabilities$180 $237 Other liabilities714 389 Total environmental liabilities$894 $626 Accrued liabilities Accrued liabilities Other liabilities Other liabilities In conjunction with the Resideo spin-off, the Company entered into an indemnification and reimbursement agreement with a Resideo subsidiary, pursuant to which Resideo’s subsidiary had an ongoing obligation to make cash payments to Honeywell in amounts equal to 90% of Honeywell’s annual net spending for environmental matters at certain sites as defined in the agreement. As the Company incurred costs for environmental matters deemed probable and reasonably estimable related to the sites covered by the indemnification and reimbursement agreement, a corresponding receivable from Resideo for 90% of such costs was also recorded. The receivable amount recorded in 2024 was $202 million. As of December 31, 2024, Other current assets and Other assets included $140 million and $583 million, respectively, for the short-term and long-term portion of the receivable amount due from Resideo under the indemnification and reimbursement agreement. The amount payable to Honeywell in any given year was subject to a cap of $140 million, and the payment obligation was to continue until the earlier of December 31, 2043, or December 31 of the third consecutive year during which the annual payment obligation is less than $25 million. Reimbursements associated with this agreement were collected from Resideo quarterly and were $105 million and $140 million, respectively, in 2025 and 2024 and offset operating cash outflows incurred by the Company. 101 Honeywell International Inc. 101 Honeywell International Inc. 101 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The Company is subject to various federal, state, local, and foreign government requirements relating to the protection of the environment. The Company believes that, as a general matter, the Company's policies, practices, and procedures are properly designed to prevent unreasonable risk of environmental damage and personal injury and that the handling, manufacture, use, and disposal of hazardous substances are in accordance with environmental and safety laws and regulations. However, mainly because of past operations and operations of predecessor companies, the Company, like other companies engaged in similar businesses, incurred remedial response and voluntary cleanup costs for site contamination and is a party to lawsuits and claims associated with environmental and safety matters, including past production of products containing hazardous substances. Additional lawsuits, claims, and costs involving environmental matters are likely to continue to arise in the future. With respect to environmental matters involving site contamination, the Company continually conducts studies, individually or jointly with other potentially responsible parties, to determine the feasibility of various remedial techniques. It is the Company's policy to record appropriate liabilities for environmental matters when remedial efforts or damage claim payments are probable and the costs can be reasonably estimated. Such liabilities are based on the Company's best estimate of the undiscounted future costs required to complete the remedial work. The recorded liabilities are adjusted periodically as remediation efforts progress or as additional technical, regulatory, or legal information becomes available. Given the uncertainties regarding the status of laws, regulations, enforcement policies, the impact of other potentially responsible parties, technology, and information related to individual sites, the Company does not believe it is possible to develop an estimate of the range of reasonably possible environmental loss in excess of the Company's recorded liabilities. The Company expects to fund expenditures for these matters from operating cash flows. The timing of cash expenditures depends on a number of factors, including the timing of remedial investigations and feasibility studies, the timing of litigation and settlements of remediation liability, personal injury and property damage claims, regulatory approval of cleanup projects, remedial techniques to be utilized, and agreements with other parties. The following table summarizes information concerning the Company's recorded liabilities for environmental costs: Years Ended December 31,202420232022Beginning of year$641 $615 $618 Accruals for environmental matters deemed probable and reasonably estimable261 222 186 Environmental liability payments(224)(196)(211)Other— — 22 End of year$678 $641 $615 Accruals for environmental matters deemed probable and reasonably estimable Accruals for environmental matters deemed probable and reasonably estimable Accruals for environmental matters deemed probable and reasonably estimable Environmental liabilities are included in the following balance sheet accounts: December 31,20242023Accrued liabilities$244 $227 Other liabilities434 414 Total environmental liabilities$678 $641 Accrued liabilities Accrued liabilities Other liabilities Other liabilities The Company does not currently possess sufficient information to reasonably estimate the amounts of environmental liabilities to be recorded upon future completion of studies, litigation, or settlements, and neither the timing nor the amount of the ultimate costs associated with environmental matters can be determined, although they could be material to the Company's consolidated results of operations and operating cash flows in the periods recognized or paid. However, considering the Company's past experience and existing reserves, the Company does not expect that environmental matters will have a material adverse effect on its consolidated financial position. 95 Honeywell International Inc. 95 Honeywell International Inc. 95 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Year Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023BendixNARCOTotalBendixNARCOTotalBendixNARCOTotalBeginning of year$110 $80 $190 $123 $88 $211 $130 $135 $265 Probable insurance recoveries related to estimated liability— — — 3 — 3 11 — 11 Insurance receipts for asbestos-related liabilities(12)(5)(17)(16)(8)(24)(18)(21)(39)Insurance receivables settlements and write-offs— — — — — — — (26)(26)Liability divestiture transaction(98)— (98)— — — — — — End of year$— $75 $75 $110 $80 $190 $123 $88 $211 Liability divestiture transaction NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts: December 31,20252024Other current assets$5 $19 Other assets70 171 Total insurance recoveries for asbestos-related liabilities$75 $190 Accrued liabilities$— $157 Asbestos-related liabilities— 1,325 Total asbestos-related liabilities$— $1,482 Other assets NARCO Products – NARCO manufactured high-grade, heat-resistant, refractory products for various industries. Honeywell’s predecessor, Allied Corporation, owned NARCO from 1979 to 1986. Allied Corporation sold the NARCO business in 1986 and entered into a cross-indemnity agreement which included an obligation to indemnify the purchaser for asbestos claims, arising primarily from alleged occupational exposure to asbestos-containing refractory brick and mortar for high-temperature applications. NARCO ceased manufacturing these products in 1980 and filed for bankruptcy in January 2002, at which point in time all then current and future NARCO asbestos claims were stayed against both NARCO and Honeywell pending the reorganization of NARCO. The Company established its initial liability for NARCO asbestos claims in 2002. NARCO emerged from bankruptcy in April 2013, at which time a federally authorized 524(g) trust was established to evaluate and resolve all existing NARCO asbestos claims (the Trust). Both Honeywell and NARCO are protected by a permanent channeling injunction barring all present and future individual actions in state or federal courts and requiring all asbestos-related claims based on exposure to NARCO asbestos-containing products to be made against the Trust (Channeling Injunction). On November 18, 2022, Honeywell entered into a definitive agreement (Buyout Agreement) with the Trust, and on November 20, 2022, in exchange for the NARCO Trust Advisory Committee (TAC) and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (FCR), becoming parties to the Buyout Agreement, Honeywell, the Trust, the TAC, and the FCR entered into an Amended and Restated Buyout Agreement (Amended Buyout Agreement). Pursuant to the terms of the Amended Buyout Agreement, Honeywell agreed to make a one-time, lump sum payment in the amount of $1.325 billion to the Trust (Buyout Amount), subject to certain deductions as described in the Amended Buyout Agreement and in exchange for the release by the Trust of Honeywell from all further and future obligations of any kind related to the Trust and/or any claimants who were exposed to asbestos-containing products manufactured, sold, or distributed by NARCO or its predecessors, including Honeywell’s ongoing evergreen obligation to fund (i) claims against the Trust, which comprise Honeywell’s NARCO asbestos-related claims liability, and (ii) the Trust’s annual operating expenses, which are expensed as incurred, including its legal fees (which operating expenses, for reference, were approximately $30 million in 2022) (such evergreen obligations referred to in (i) and (ii), Honeywell Obligations) (the NARCO Buyout). On December 8, 2022, the Bankruptcy Court issued an order that (A) approved the Amended Buyout Agreement, and (B) declared that the NARCO Channeling Injunction (which bars all past, present, and future individual actions in state or federal courts based on exposure to NARCO asbestos-containing products and requires all such claims to be made against the Trust) will remain in full force and effect without modification, dissolution, or termination (Order). 103 Honeywell International Inc. 103 Honeywell International Inc. 103 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts: December 31,20242023Other current assets$19 $41 Insurance recoveries for asbestos-related liabilities171 170 Total insurance recoveries for asbestos-related liabilities$190 $211 Accrued liabilities$157 $154 Asbestos-related liabilities1,325 1,490 Total asbestos-related liabilities$1,482 $1,644 NARCO Products – NARCO manufactured high-grade, heat-resistant, refractory products for various industries. Honeywell’s predecessor, Allied Corporation, owned NARCO from 1979 to 1986. Allied Corporation sold the NARCO business in 1986 and entered into a cross-indemnity agreement which included an obligation to indemnify the purchaser for asbestos claims, arising primarily from alleged occupational exposure to asbestos-containing refractory brick and mortar for high-temperature applications. NARCO ceased manufacturing these products in 1980 and filed for bankruptcy in January 2002, at which point in time all then current and future NARCO asbestos claims were stayed against both NARCO and Honeywell pending the reorganization of NARCO. The Company established its initial liability for NARCO asbestos claims in 2002. NARCO emerged from bankruptcy in April 2013, at which time a federally authorized 524(g) trust was established to evaluate and resolve all existing NARCO asbestos claims (the Trust). Both Honeywell and NARCO are protected by a permanent channeling injunction barring all present and future individual actions in state or federal courts and requiring all asbestos-related claims based on exposure to NARCO asbestos-containing products to be made against the Trust (Channeling Injunction). The NARCO Trust Agreement (TA) and the NARCO Trust Distribution Procedures (TDP) set forth the structure and operating rules of the Trust, and established Honeywell’s evergreen funding obligations. The operating rules per the TDP define criteria claimants must meet for a claim to be considered valid and paid. Once operational in 2014, the Trust began to receive, process, and pay claims. In September 2021, Honeywell filed suit against the Trust in the United States Bankruptcy Court for the Western District of Pennsylvania (Bankruptcy Court) alleging that the Trust breached its duties in managing the Trust, including breaches of certain provisions of the TA and TDP. Honeywell's lawsuit sought appropriate relief preventing the Trust from continuing these practices. The Trust also filed suit against Honeywell, alleging Honeywell breached its obligations under the Trust's governing documents. Honeywell moved to dismiss the Trust’s suit, and on December 15, 2021, the Bankruptcy Court granted Honeywell’s motion to dismiss subject to granting the Trust leave to file an amended complaint. On December 28, 2021, the Trust filed an answer with counterclaims in response to Honeywell’s complaint and in lieu of filing an amended complaint. The Bankruptcy Court conducted a trial on these matters during May 2022; following the trial, the Company and the Trust began discussing a potential settlement of Honeywell’s remaining obligations to the Trust. On November 18, 2022, Honeywell entered into a definitive agreement (Buyout Agreement) with the Trust, and on November 20, 2022, in exchange for the NARCO Trust Advisory Committee (TAC) and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (FCR), becoming parties to the Buyout Agreement, Honeywell, the Trust, the TAC, and the FCR entered into an Amended and Restated Buyout Agreement (Amended Buyout Agreement). Pursuant to the terms of the Amended Buyout Agreement, Honeywell agreed to make a one-time, lump sum payment in the amount of $1.325 billion to the Trust (Buyout Amount), subject to certain deductions as described in the Amended Buyout Agreement and in exchange for the release by the Trust of Honeywell from all further and future obligations of any kind related to the Trust and/or any claimants who were exposed to asbestos-containing products manufactured, sold, or distributed by NARCO or its predecessors, including Honeywell’s ongoing evergreen obligation to fund (i) claims against the Trust, which comprise Honeywell’s NARCO asbestos-related claims liability, and (ii) the Trust’s annual operating expenses, which are expensed as incurred, including its legal fees (which operating expenses, for reference, were approximately $30 million in 2022) (such evergreen obligations referred to in (i) and (ii), Honeywell Obligations) (the NARCO Buyout). On December 8, 2022, the Bankruptcy Court issued an order that (A) approved the Amended Buyout Agreement, and (B) declared that the NARCO Channeling Injunction (which bars all past, present, and future individual actions in state or federal courts based on exposure to NARCO asbestos-containing products and requires all such claims to be made against the Trust) will remain in full force and effect without modification, dissolution, or termination (Order). On December 14, 2022, HWI, the reorganized and renamed entity that emerged from the NARCO bankruptcy, entered into a definitive agreement (Sale Agreement) pursuant to which an affiliate of Platinum Equity, LLC agreed to acquire HWI (HWI Sale) subject to the terms set forth in the Sale Agreement, including customary conditions to closing set forth therein. In accordance with the Amended Buyout Agreement, the economic rights of the Trust in respect of the net proceeds from the HWI Sale inure to the benefit of Honeywell. 97 Honeywell International Inc. 97 Honeywell International Inc. 97 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

On August 30, 2024, the Company acquired 100% of the outstanding equity interests of CAES Systems Holdings LLC (CAES), enhancing the Company's defense and space portfolio with high-reliability radio frequency technologies, for total consideration of $1,935 million, net of cash acquired. The business is part of the Aerospace Technologies reportable business segment. The Company finalized the evaluation for the fair value of all the assets acquired and liabilities assumed with CAES during the third quarter of 2025. The following table summarizes the fair value of identifiable assets acquired and liabilities assumed: Current assets$314 Intangible assets1,155 Other noncurrent assets226 Current liabilities(123)Noncurrent liabilities (119)Net assets acquired1,453 Goodwill525 Purchase price$1,978 The CAES identifiable intangible assets primarily include customer relationships and trademarks which will amortize over their estimated useful lives ranging from two to 15 years using straight line and accelerated amortization methods. The goodwill is not deductible for tax purposes. two

On August 30, 2024, the Company acquired 100% of the outstanding equity interests of CAES Systems Holdings LLC (CAES), enhancing the Company's defense and space portfolio with high-reliability radio frequency technologies, for total consideration of $1,930 million, net of cash acquired. The business is included within the Aerospace Technologies reportable business segment. The following table summarizes the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of December 31, 2024: Current assets$324 Intangible assets1,205 Other noncurrent assets182 Current liabilities(124)Noncurrent liabilities (167)Net assets acquired1,420 Goodwill553 Purchase price$1,973 The CAES identifiable intangible assets primarily include customer relationships and trademarks which will amortize over their estimated useful lives ranging from two to 15 years using straight line and accelerated amortization methods. The goodwill is not deductible for tax purposes. As of December 31, 2024, the purchase accounting for CAES is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, working capital adjustments, and tax balances. two

Industrial Automation – A global provider of industrial automation solutions that deliver intelligent, sustainable, and secure operations for customers in refining/petrochemicals, life sciences, utilities, and warehouse and logistics segments. With millions of installed assets, Industrial Automation deploys outcome-based solutions to increase asset utilization; improve operational efficiency and labor productivity; reduce carbon emissions with less energy consumption; and enhance cyber security for critical infrastructure and operational assets. Industrial Automation offerings include automation control and instrumentation products and services; smart energy products; sensing technologies with an array of custom-engineered sensors and services; gas detection technologies; and system design, advanced automation equipment, software and analytics for manufacturing, distribution, and fulfillment operations. Industrial Automation combines these products and services with proprietary machine learning and artificial intelligence algorithms in products and projects which are digitally enabled through the Company's industry leading industrial IoT platform, Honeywell Forge. Building Automation – A global provider of products, software, solutions, and technologies that enable building owners and occupants to ensure their facilities are safe, energy efficient, sustainable, and productive. Building Automation products and services include advanced software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and upgrades of systems. Honeywell Forge solutions enable customers to digitally manage buildings, connecting data from different assets to enable smart maintenance, improve building performance, and even protect from incoming security threats. Energy and Sustainability Solutions – A global provider of energy security for customers through a century of domain expertise and innovation to provide efficient and responsible energy expansion through digitally optimized operations. The business segment is comprised of five end-market focused verticals: Refining, Petrochemicals, Low Carbon Energy, Gas & LNG, and Industrial Solutions. The reportable business segment is comprised of the UOP business unit. The UOP business delivers licensed process technology, equipment, engineering, catalysts, adsorbents, and services through end-to-end solutions to its customers enabled by the convergence of its domain expertise and vast installed base, combined with the Honeywell Forge platform. Forge provides connectivity, data integration, and software solutions powered by deep expertise across ESS which serve customer asset productivity and efficiency needs. Corporate and All Other – Corporate and All Other includes revenue from Honeywell's majority-owned investment in Quantinuum. Through Quantinuum, Honeywell provides a wide range of service offerings of fully integrated quantum computing hardware and software solutions. See Note 22 Segment Financial Data for a summary by disaggregated product and services sales for each reportable business segment. The Company recognizes revenue arising from performance obligations outlined in contracts with its customers that are satisfied at a point in time and over time. The disaggregation of the Company's revenue based on timing of recognition is as follows: Years Ended December 31, 202520242023Products, transferred point in time52 %53 %54 %Products, transferred over time13 13 14 Net product sales65 66 68 Services, transferred point in time5 4 11 Services, transferred over time30 30 21 Net service sales35 34 32 Net sales100 %100 %100 %

Industrial Automation – A global provider of industrial automation solutions that deliver intelligent, sustainable, and secure operations for customers in refining/petrochemicals, life sciences, utilities, and warehouse and logistics segments. With millions of installed assets, Industrial Automation deploys outcome-based solutions to increase asset utilization; improve operational efficiency and labor productivity; reduce carbon emissions with less energy consumption; and enhance cyber security for critical infrastructure and operational assets. Industrial Automation offerings include automation control and instrumentation products and services; smart energy products; sensing technologies with an array of custom-engineered sensors and services; gas detection technologies and personal protective equipment; and system design, advanced automation equipment, software and analytics for manufacturing, distribution, and fulfillment operations. These products and services are combined with proprietary machine learning and artificial intelligence algorithms in products and projects which are digitally enabled through the Company's industry leading industrial IoT platform, Honeywell Forge. Building Automation – A global provider of products, software, solutions, and technologies that enable building owners and occupants to ensure their facilities are safe, energy efficient, sustainable, and productive. Building Automation products and services include advanced software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and upgrades of systems. Honeywell Forge solutions enable customers to digitally manage buildings, connecting data from different assets to enable smart maintenance, improve building performance, and even protect from incoming security threats. Energy and Sustainability Solutions – A global provider of industry leading technology, processing, and licensing capabilities combined with material science capabilities and innovative chemistry to offer focused solutions integral to facilitating the world's energy transition. The reportable business segment is comprised of UOP and Advanced Materials business units. The UOP business provides sustainable aviation fuels, petrochemical, refining, and natural gas liquefaction technologies, and carbon management solutions across multiple sectors through process technology solutions, products, including catalysts and adsorbents, equipment and aftermarket services. The Advanced Materials business provides customers with its Solstice lower global warming potential refrigeration and heating solutions, Spectra fibers for high end protective armor and medical applications, and leading-edge semiconductor materials. Honeywell Forge solutions serve customer asset productivity and efficiency needs by providing connectivity, data integration, and software solutions to generate a holistic view of their operations. Corporate and All Other – Corporate and All Other includes revenue from Honeywell's majority-owned investment in Quantinuum. Through Quantinuum, Honeywell provides a wide range of service offerings of fully integrated quantum computing hardware and software solutions. See Note 22 Segment Financial Data for a summary by disaggregated product and services sales for each reportable business segment. The Company recognizes revenue arising from performance obligations outlined in contracts with its customers that are satisfied at a point in time and over time. The disaggregation of the Company's revenue based off timing of recognition is as follows: Years Ended December 31, 202420232022Products, transferred point in time57 %58 %59 %Products, transferred over time11 12 14 Net product sales68 70 73 Services, transferred point in time4 10 8 Services, transferred over time28 20 19 Net service sales32 30 27 Net sales100 %100 %100 %

The following table summarizes the notional amounts and fair values of the Company’s outstanding derivatives by risk category and instrument type within the Consolidated Balance Sheet: NotionalFair Value AssetFair Value (Liability)December 31, 2025December 31, 2024December 31, 2025December 31, 2024December 31, 2025December 31, 2024Derivatives in fair value hedging relationships Interest rate swap agreements$4,068 $3,899 $14 $3 $(93)$(139)Derivatives in cash flow hedging relationshipsForeign currency exchange contracts509 802 — 11 (6)(10)Commodity contracts— 1 — — — — Derivatives in net investment hedging relationshipsCross currency swap agreements6,139 7,214 — 124 (801)(56)Total derivatives designated as hedging instruments10,716 11,916 14 138 (900)(205)Derivatives not designated as hedging instrumentsForeign currency exchange contracts9,682 8,353 4 3 (5)(5)Total derivatives at fair value$20,398 $20,269 $18 $141 $(905)$(210) All derivative assets are presented in Other current assets or Other assets. All derivative liabilities are presented in Accrued liabilities or Other liabilities. In addition to the foreign currency derivative contracts designated as net investment hedges, certain of the Company's foreign currency denominated debt instruments are designated as net investment hedges. The carrying value of those debt instruments designated as net investment hedges, which includes the adjustment for the foreign currency transaction gain or loss on those instruments, was $6,962 million and $6,158 million as of December 31, 2025, and 2024, respectively. Interest rate swap agreements are designated as hedge relationships with gains or losses on the derivative recognized in Interest and other financial charges offsetting the gains and losses on the underlying debt being hedged. Gains and losses on interest rate swap agreements recognized in earnings were $57 million of income, $30 million of expense, and $121 million of income for the years ended December 31, 2025, 2024, and 2023, respectively. Gains and losses are fully offset by losses and gains on the underlying debt being hedged. The following table sets forth the amounts recorded in the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges:

The following table summarizes the notional amounts and fair values of the Company’s outstanding derivatives by risk category and instrument type within the Consolidated Balance Sheet: NotionalFair Value AssetFair Value (Liability)December 31, 2024December 31, 2023December 31, 2024December 31, 2023December 31, 2024December 31, 2023Derivatives in fair value hedging relationships Interest rate swap agreements$3,899 $4,717 $3 $18 $(139)$(184)Derivatives in cash flow hedging relationshipsForeign currency exchange contracts1,235 712 30 28 (10)(4)Commodity contracts1 6 — — — (1)Derivatives in net investment hedging relationshipsCross currency swap agreements7,214 4,264 124 — (56)(145)Total derivatives designated as hedging instruments12,349 9,699 157 46 (205)(334)Derivatives not designated as hedging instrumentsForeign currency exchange contracts8,773 8,198 3 7 (5)(5)Total derivatives at fair value$21,122 $17,897 $160 $53 $(210)$(339) All Derivative assets are presented in Other current assets or Other assets. All Derivative liabilities are presented in Accrued liabilities or Other liabilities. In addition to the foreign currency derivative contracts designated as net investment hedges, certain of the Company's foreign currency denominated debt instruments are designated as net investment hedges. The carrying value of those debt instruments designated as net investment hedges, which includes the adjustment for the foreign currency transaction gain or loss on those instruments, was $6,158 million and $6,099 million as of December 31, 2024, and 2023, respectively. Interest rate swap agreements are designated as hedge relationships with gains or losses on the derivative recognized in Interest and other financial charges offsetting the gains and losses on the underlying debt being hedged. Gains and losses on interest rate swap agreements recognized in earnings were $30 million of expense, $121 million of income, and $347 million of expense for the years ended December 31, 2024, 2023, and 2022, respectively. Gains and losses are fully offset by losses and gains on the underlying debt being hedged. 83 Honeywell International Inc. 83 Honeywell International Inc. 83 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

On September 30, 2024, the Company acquired 100% of the outstanding equity interests of Air Products' liquefied natural gas process technology and equipment business (LNG), strengthening the Company's energy transition portfolio, for total consideration of $1,843 million, net of cash acquired. The business is part of the Energy and Sustainability Solutions reportable business segment. The Company finalized the evaluation for the fair value of all the assets acquired and liabilities assumed with LNG during the third quarter of 2025. The following table summarizes the fair value of identifiable assets acquired and liabilities assumed: Current assets$73 Intangible assets894 Other noncurrent assets82 Current liabilities(100)Noncurrent liabilities (2)Net assets acquired947 Goodwill896 Purchase price$1,843 The LNG identifiable intangible assets primarily include customer relationships and technology which will amortize over their estimated useful lives ranging from three to 20 years using accelerated amortization methods. The goodwill is deductible for tax purposes. three 66 Honeywell International Inc. 66 Honeywell International Inc. 66 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

On September 30, 2024, the Company acquired 100% of the outstanding equity interests of Air Products' liquefied natural gas process technology and equipment business (LNG), strengthening the Company's energy transition portfolio, for total consideration of $1,837 million, net of cash acquired. The business is included within the Energy and Sustainability Solutions reportable business segment. The following table summarizes the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of December 31, 2024: Current assets$79 Intangible assets931 Other noncurrent assets53 Current liabilities(100)Noncurrent liabilities (2)Net assets acquired961 Goodwill876 Purchase price$1,837 The LNG identifiable intangible assets primarily include customer relationships and technology which will amortize over their estimated useful lives ranging from four to 20 years using accelerated amortization methods. The goodwill is deductible for tax purposes. As of December 31, 2024, the purchase accounting is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, working capital adjustments, and tax balances. four 62 Honeywell International Inc. 62 Honeywell International Inc. 62 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Information relating to executive compensation, including the Management Development and Compensation Committee Report and disclosures regarding compensation committee interlocks and insider participation will be contained in the Proxy Statement, and such information is incorporated herein by reference. 125 Honeywell International Inc. 125 Honeywell International Inc. 125 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

Information relating to executive compensation, including the Management Development and Compensation Committee Report and disclosures regarding compensation committee interlocks and insider participation will be contained in the Proxy Statement, and such information is incorporated herein by reference. 117 Honeywell International Inc. 117 Honeywell International Inc. 117 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

We regularly review our portfolio of businesses and pursue growth through acquisitions and seek to divest non-core businesses. We may not be able to complete transactions on favorable terms, on a timely basis, or at all. In addition, our results of operations and cash flows may be adversely impacted by (i) the failure of acquired businesses to meet or exceed expected returns, including risk of impairment; (ii) the failure to integrate multiple acquired businesses into Honeywell simultaneously and on schedule and/or to achieve expected synergies; (iii) the inability to dispose of non-core assets and businesses on satisfactory terms and conditions; and (iv) the discovery of unanticipated liabilities, labor relations difficulties, cybersecurity concerns, compliance issues, or other problems in acquired businesses for which we lack contractual protections, insurance or indemnities, or, with regard to divested businesses, claims by purchasers to whom we have provided contractual indemnification. We have divested a number of businesses, including as part of spin-offs. With respect to some of these former businesses, we have contractually agreed to indemnify the counterparties against, or otherwise retain, certain liabilities, including, certain lawsuits, product liability claims, and environmental matters. Even without ongoing contractual indemnification obligations, we could be exposed to liabilities arising out of such divestitures. In addition, the counterparties to those divestitures or spun-off businesses may have agreed to indemnify us or assume certain liabilities relating to those divestitures. However, there can be no assurance that the indemnity or assumption of liability by the counterparties will be sufficient to protect us against the full amount of these liabilities, or that a counterparty will be able to fully satisfy its obligations. Third parties also could seek to hold us responsible for any of the liabilities that a counterparty agreed to assume. Even if we ultimately succeed in recovering any amounts for which we were initially held liable, we may be temporarily required to bear these losses ourselves. 32 Honeywell International Inc. 32 Honeywell International Inc. 32 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS

We regularly review our portfolio of businesses and pursue growth through acquisitions and seek to divest non-core businesses. We may not be able to complete transactions on favorable terms, on a timely basis, or at all. In addition, our results of operations and cash flows may be adversely impacted by (i) the failure of acquired businesses to meet or exceed expected returns, including risk of impairment; (ii) the failure to integrate multiple acquired businesses into Honeywell simultaneously and on schedule and/or to achieve expected synergies; (iii) the inability to dispose of non-core assets and businesses on satisfactory terms and conditions; and (iv) the discovery of unanticipated liabilities, labor relations difficulties, cybersecurity concerns, compliance issues, or other problems in acquired businesses for which we lack contractual protections, insurance or indemnities, or, with regard to divested businesses, claims by purchasers to whom we have provided contractual indemnification.

December 31,20252024Assumed health care cost trend rateHealth care cost trend rate assumed for next year6.50 %6.50 %Rate that the cost trend rate gradually declines to5.00 %5.00 %Year that the rate reaches the rate it is assumed to remain at2031 2031 Benefit payments reflecting expected future service, as appropriate, are expected to be paid as follows: Without Impact ofMedicare SubsidyNet ofMedicare Subsidy2026$11 $11 202711 10 202810 10 202910 9 20309 9 2031-203539 37 115 Honeywell International Inc. 115 Honeywell International Inc. 115 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

December 31,20242023Assumed health care cost trend rateHealth care cost trend rate assumed for next year6.50 %7.00 %Rate that the cost trend rate gradually declines to5.00 %5.00 %Year that the rate reaches the rate it is assumed to remain at2031 2031 Benefit payments reflecting expected future service, as appropriate, are expected to be paid as follows: Without Impact ofMedicare SubsidyNet ofMedicare Subsidy2025$12 $11 202611 11 202711 10 202810 10 202910 9 2030-203440 38 109 Honeywell International Inc. 109 Honeywell International Inc. 109 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's Consolidated Financial Statements. In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the accounting for internal-use software costs by removing all references to prescriptive and sequential software development stages. The new standard requires entities to consider whether significant development uncertainty has been resolved before starting to capitalize software costs and aligns disclosure requirements with Accounting Standard Codification (ASC) 360, Property, Plant, and Equipment. The ASU is effective for annual and interim reporting periods beginning after December 15, 2027, and can be applied prospectively, retrospectively, or using a modified transition method, with early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company's Consolidated Financial Statements. In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires companies to disclose additional information about the types of expenses in commonly presented expense captions. The new standard requires tabular disclosure of specified natural expenses in certain expense captions, a qualitative description of amounts that are not separately disaggregated, and disclosure of the Company's definition and total amount of selling expenses. The ASU should be applied prospectively for annual reporting periods beginning after December 15, 2026, with retrospective application and early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company's Consolidated Financial Statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures, which requires greater disaggregation of income tax disclosures. The new standard requires additional information to be disclosed annually with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU should be 60 Honeywell International Inc. 60 Honeywell International Inc. 60 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's Consolidated Statement of Operations, Balance Sheet, and Cash Flows (Consolidated Financial Statements). In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires companies to disclose additional information about the types of expenses in commonly presented expense captions. The new standard requires tabular disclosure of specified natural expenses in certain expense captions, a qualitative description of amounts that are not separately disaggregated, and disclosure of the Company's definition and total amount of selling expenses. The ASU should be applied prospectively for annual reporting periods beginning after December 15, 2026, with retrospective application and early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company's Consolidated Financial Statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures, which requires greater disaggregation of income tax disclosures. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU should be applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires companies to enhance the disclosures about segment expenses. The new standard requires the disclosure of the Company’s Chief Operating Decision Maker (CODM), expanded incremental line-item disclosures of significant segment expenses used by the CODM for decision-making, and the inclusion of previous annual only segment disclosure requirements on a quarterly basis. This ASU should be applied retrospectively for fiscal years beginning after December 15, 2023, and early adoption is permitted. The Company adopted this guidance for annual disclosures for the year ended December 31, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements. 57 Honeywell International Inc. 57 Honeywell International Inc. 57 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

On March 17, 2025, the Company entered into a $3.0 billion 364-day credit agreement (the 364-Day Credit Agreement). The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of March 18, 2024, which was terminated in accordance with its terms effective March 17, 2025. Amounts borrowed under the 364-Day Credit Agreement are due no later than March 16, 2026, unless (i) Honeywell elects to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on March 16, 2027, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 364-Day Credit Agreement is maintained for general corporate purposes. The Company also maintains a $4.0 billion amended and restated five-year credit agreement dated as of March 18, 2024 (the Five-Year Credit Agreement) for general corporate purposes. Commitments under the Five-Year Credit Agreement can be increased pursuant to the terms of the Five-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. As of December 31, 2025, there were no outstanding borrowings under the 364-Day Credit Agreement or the Five-Year Credit Agreement.

On July 2, 2024, the Company entered into a $1.5 billion second 364-day credit agreement (the Second 364-day Credit Agreement). On August 12, 2024, the Company terminated the commitments under its Second 364-day Credit Agreement. The Second 364-Day Credit Agreement was maintained for general corporate purposes and was provided on terms that are essentially identical to those of the Company's existing 364-day credit agreement. There were no borrowings under the Second 364-day Credit Agreement prior to its termination. On March 18, 2024, the Company entered into a $1.5 billion 364-day credit agreement (the 364-Day Credit Agreement) and a $4.0 billion amended and restated five-year credit agreement (the Five-Year Credit Agreement). The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of March 20, 2023, which was terminated in accordance with its terms effective March 18, 2024. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 17, 2025, unless (i) Honeywell elects to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on March 17, 2026, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The Five-Year Credit Agreement amended and restated the previously reported $4.0 billion amended and restated five-year credit agreement dated as of March 20, 2023. Commitments under the Five-Year Credit Agreement can be increased pursuant to the terms of the Five-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. The 364-Day Credit Agreement and Five-Year Credit Agreement are maintained for general corporate purposes. As of December 31, 2024, there were no outstanding borrowings under the 364-Day Credit Agreement or Five-Year Credit Agreement. NOTE 10. LEASES A significant portion of the Company's operating and finance lease portfolio includes corporate offices, research and development facilities, manufacturing sites, IT equipment, and automobiles. The majority of the Company's leases have remaining lease terms of one year to 20 years, some of which include options to extend the leases for five years or more. Operating lease ROU assets are included in Other assets. The current portion of operating lease liabilities are included in Accrued liabilities, and the non-current portion of operating lease liabilities are included in Other liabilities in the Consolidated Balance Sheet. Finance lease ROU assets are included in Property, plant and equipment—net. The current portion of finance lease liabilities are included in Current maturities of long-term debt, and the non-current portion of finance lease liabilities are included in Long-term debt in the Consolidated Balance Sheet. one five A portion of the Company's real estate leases are generally subject to annual changes in the Consumer Price Index (CPI). The changes to the CPI are treated as variable lease payments and recognized in the period in which the obligation for those payments was incurred. In addition, a subset of the Company's automobile leases are considered variable. The variable lease payments for such automobile leases are based on actual mileage incurred at the stated contractual rate and recognized in the period in which the obligation for those payments are incurred. Years Ended December 31, 202420232022Operating lease cost$267 $239 $224 Variable lease cost7 4 8 Short-term lease cost2 13 18 Finance lease costAmortization of right-of-use assets93 74 72 Interest on lease liability15 19 21 Total finance lease cost108 93 93 Total lease cost$384 $349 $343 80 Honeywell International Inc. 80 Honeywell International Inc. 80 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

We have audited the accompanying consolidated balance sheets of Honeywell International Inc. and subsidiaries (the "Company" or “Honeywell”) as of December 31, 2025 and 2024, and the related consolidated statements of operations, comprehensive income, shareowners’ equity, and cash flows, for each of the three years in the period ended December 31, 2025, and the related notes (collectively referred to as the "financial statements"). We also have audited the Company’s internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). As described in Management’s Report on Internal Control Over Financial Reporting, management excluded from its assessment the internal control over financial reporting at Sundyne, which was acquired on June 6, 2025. The total revenues and net income of Sundyne represent less than 1% each of the related consolidated financial statement amounts as of December 31, 2025, and net and total assets of Sundyne represent 12% and 3%, respectively, of the related consolidated financial statement amounts as of December 31, 2025. Accordingly, our audit did not include the internal control over financial reporting at Sundyne. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America (“generally accepted accounting principles”). Also, in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control — Integrated Framework (2013) issued by COSO.

We have audited the accompanying consolidated balance sheets of Honeywell International Inc. and subsidiaries (the "Company" or “Honeywell”) as of December 31, 2024 and 2023, and the related consolidated statements of operations, comprehensive income, shareowners’ equity, and cash flows, for each of the three years in the period ended December 31, 2024, and the related notes (collectively referred to as the "financial statements"). We also have audited the Company’s internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). As described in Management’s Report on Internal Control Over Financial Reporting, management excluded from its assessment the internal control over financial reporting at Air Products’ Liquefied Natural Gas Process Technology and Equipment Business, CAES Systems Holdings LLC, and Carrier Global Corporation’s Global Access Solutions Business, which were acquired on September 30, 2024, August 30, 2024, and June 3, 2024, respectively. The Air Products’ Liquefied Natural Gas Process Technology and Equipment Business, CAES Systems Holdings LLC, and Carrier Global Corporation’s Global Access Solutions Business acquisitions represent less than 4% of both net income and net assets, less than 3% of total revenues, and less than 2% of total assets of the consolidated financial statement amounts as of and for the year ended December 31, 2024. Accordingly, our audit did not include the internal control over financial reporting at Air Products’ Liquefied Natural Gas Process Technology and Equipment Business, CAES Systems Holdings LLC, and Carrier Global Corporation’s Global Access Solutions Business. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America (“generally accepted accounting principles”). Also, in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control — Integrated Framework (2013) issued by COSO.

The Company is subject to a number of other lawsuits, investigations, and claims (some of which involve substantial dollar amounts) arising out of the conduct of the its business operations or those of previously owned entities, including matters relating to commercial transactions, government contracts, product liability, the integration of emerging technologies (such as, but not limited to, artificial intelligence and machine learning), prior acquisitions and divestitures, employment, employee benefit plans, intellectual property, legal, and environmental, health, and safety matters. The Company recognizes liabilities for any contingency that is probable of occurrence and reasonably estimable. The Company continually assesses the likelihood of adverse judgments or outcomes in such matters, as well as potential ranges of probable losses (taking into consideration any insurance recoveries), based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts. 105 Honeywell International Inc. 105 Honeywell International Inc. 105 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The Company is subject to a number of other lawsuits, investigations, and disputes (some of which involve substantial amounts claimed) arising out of the conduct of the Company's business, including matters relating to commercial transactions, government contracts, product liability, prior acquisitions and divestitures, employee benefit plans, intellectual property, and environmental, health, and safety matters. The Company recognizes liabilities for any contingency that is probable of occurrence and reasonably estimable. The Company continually assesses the likelihood of adverse judgments or outcomes in such matters, as well as potential ranges of probable losses (taking into consideration any insurance recoveries), based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts. 99 Honeywell International Inc. 99 Honeywell International Inc. 99 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Net periodic benefit (income) cost and other amounts recognized in Other comprehensive (income) loss for the Company's significant pension and other postretirement benefit plans include the following components: Pension BenefitsU.S. PlansNon-U.S. Plans202520242023202520242023Service cost$27 $28 $29 $4 $12 $11 Interest cost576 599 645 179 191 200 Expected return on plan assets(1,153)(1,125)(1,111)(279)(301)(274)Amortization of prior service (credit) cost— (7)(42)2 1 — Recognition of actuarial (gains) losses39 — — 124 126 153 Settlements and curtailments— — — 68 (17)— Net periodic benefit (income) cost$(511)$(505)$(479)$98 $12 $90 Net periodic benefit (income) cost - discontinued operations$(4)$(5)$(5)$2 $2 $2 Net periodic benefit (income) cost - continuing operations(507)(500)(474)96 10 88 Net periodic benefit (income) cost - discontinued operations Net periodic benefit (income) cost - continuing operations U.S. PlansNon-U.S. Plans202520242023202520242023Actuarial (gains) losses$935 $(462)$378 $220 $19 $198 Prior service (credit) cost— — — — 14 — Prior service credit recognized during year— 7 42 (2)2 — Actuarial (gains) losses recognized during year(52)— — (199)(126)(153)Foreign currency translation loss (gain)— — — 31 (1)17 Total recognized in Other comprehensive (income) loss$883 $(455)$420 $50 $(92)$62 Total recognized in net periodic benefit (income) cost and Other comprehensive (income) loss$372 $(960)$(59)$148 $(80)$152 Foreign currency translation loss (gain) Other Postretirement BenefitsYears Ended December 31,202520242023Interest cost$5 $5 $6 Amortization of prior service (credit) cost(11)(12)(20)Recognition of actuarial (gains) losses(10)(11)(13)Net periodic benefit (income) cost$(16)$(18)$(27) Years Ended December 31,202520242023Actuarial (gains) losses$9 $(7)$3 Prior service credit recognized during year11 12 20 Actuarial (gains) losses recognized during year10 11 13 Total recognized in other comprehensive (income) loss30 16 36 Total recognized in net periodic benefit (income) cost and Other comprehensive (income) loss$14 $(2)$9 109 Honeywell International Inc. 109 Honeywell International Inc. 109 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Net periodic benefit (income) cost and other amounts recognized in Other comprehensive (income) loss for the Company's significant pension and other postretirement benefit plans include the following components: Pension BenefitsU.S. PlansNon-U.S. Plans202420232022202420232022Service cost$28 $29 $86 $12 $11 $19 Interest cost599 645 380 191 200 103 Expected return on plan assets(1,125)(1,111)(1,281)(301)(274)(278)Amortization of prior service (credit) cost(7)(42)(42)1 — — Recognition of actuarial (gains) losses— — (14)126 153 537 Settlements and curtailments— — (2)(17)— — Net periodic benefit (income) cost$(505)$(479)$(873)$12 $90 $381 U.S. PlansNon-U.S. Plans202420232022202420232022Actuarial (gains) losses$(462)$378 $307 $19 $198 $294 Prior service (credit) cost— — — 14 — — Prior service credit recognized during year7 42 43 2 — (1)Actuarial (gains) losses recognized during year— — 15 (126)(153)(537)Foreign currency translation— — — (1)17 204 Total recognized in Other comprehensive (income) loss$(455)$420 $365 $(92)$62 $(40)Total recognized in net periodic benefit (income) cost and Other comprehensive (income) loss$(960)$(59)$(508)$(80)$152 $341 Other Postretirement BenefitsYears Ended December 31,202420232022Interest cost$5 $6 $5 Amortization of prior service (credit) cost(12)(20)(42)Recognition of actuarial (gains) losses(11)(13)(4)Net periodic benefit (income) cost$(18)$(27)$(41) Years Ended December 31,202420232022Actuarial (gains) losses$(7)$3 $(54)Prior service credit recognized during year12 20 42 Actuarial (gains) losses recognized during year11 13 4 Total recognized in other comprehensive (income) loss16 36 (8)Total recognized in net periodic benefit (income) cost and Other comprehensive (income) loss$(2)$9 $(49) 103 Honeywell International Inc. 103 Honeywell International Inc. 103 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

On June 3, 2024, the Company acquired 100% of the outstanding equity interests of Carrier Global Corporation's Global Access Solutions business (Access Solutions), an innovative global leader in advanced access and security solutions, electronic locking systems, and contactless mobile key solutions, for total consideration of $4,913 million, net of cash acquired. The business is part of the Building Automation reportable business segment. The Company finalized the evaluation for the fair value of all the assets acquired and liabilities assumed with Access Solutions during the second quarter of 2025. The following table summarizes the fair value of identifiable assets acquired and liabilities assumed: Current assets$236 Intangible assets1,959 Other noncurrent assets43 Current liabilities(158)Noncurrent liabilities (6)Net assets acquired2,074 Goodwill2,924 Purchase price$4,998 The Access Solutions identifiable intangible assets primarily include customer relationships, technology, and trademarks which will amortize over their estimated useful lives ranging from 10 to 20 years using straight line and accelerated amortization methods. The majority of the goodwill is deductible for tax purposes. SCADAfence On August 25, 2023, the Company acquired 100% of the outstanding equity interests of SCADAfence, a provider of operational technology and Internet of Things (IoT) cybersecurity solutions for monitoring large scale networks, for total consideration of $52 million, net of cash acquired. The business is part of the Industrial Automation reportable business segment. The Company finalized the evaluation for the fair value of all the assets acquired and liabilities assumed with SCADAfence during the third quarter of 2024. Management recorded intangible assets of $17 million and allocated $42 million to goodwill, which is not deductible for tax purposes. 67 Honeywell International Inc. 67 Honeywell International Inc. 67 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

On June 3, 2024, the Company acquired 100% of the outstanding equity interests of Carrier Global Corporation's Global Access Solutions business (Access Solutions), an innovative global leader in advanced access and security solutions, electronic locking systems, and contactless mobile key solutions, for total consideration of $4,913 million, net of cash acquired. The business is included in the Building Automation reportable business segment. The following table summarizes the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of December 31, 2024: Current assets$247 Intangible assets2,050 Other noncurrent assets20 Current liabilities(140)Noncurrent liabilities (6)Net assets acquired2,171 Goodwill2,827 Purchase price$4,998 The Access Solutions identifiable intangible assets primarily include customer relationships, technology, and trademarks which will amortize over their estimated useful lives ranging from 10 to 20 years using straight line and accelerated amortization methods. The majority of the goodwill is deductible for tax purposes. As of December 31, 2024, the purchase accounting for Access Solutions is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, and tax balances. 63 Honeywell International Inc. 63 Honeywell International Inc. 63 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Year Ended December 31, 2025Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal HoneywellNet salesProducts$9,943 $6,389 $5,357 $2,826 $— $24,515 Services7,567 3,012 2,010 308 30 12,927 Total Net sales17,510 9,401 7,367 3,134 30 37,442 LessCost of products and services sold11,282 5,492 3,832 1,873 Selling, general and administrative expenses737 1,335 1,110 357 Other segment items11,207 831 472 212 Total Segment profit$4,284 $1,743 $1,953 $692 $(545)$8,127 Depreciation and amortization$380 $343 $242 $226 $197 $1,388 Capital expenditures404 201 108 146 127 986 1For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions. Other segment items1 For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions. Year Ended December 31, 2024Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal HoneywellNet salesProducts$8,509 $7,175 $4,800 $2,357 $— $22,841 Services6,949 2,876 1,740 287 24 11,876 Total Net sales15,458 10,051 6,540 2,644 24 34,717 LessCost of products and services sold9,781 5,880 3,482 1,562 Selling, general and administrative expenses645 1,392 954 270 Other segment items1,044 817 423 197 Total Segment profit$3,988 $1,962 $1,681 $615 $(579)$7,667 Depreciation and amortization$299 $362 $198 $104 $190 $1,153 Capital expenditures371 214 78 80 128 871 117 Honeywell International Inc. 117 Honeywell International Inc. 117 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Year Ended December 31, 2024Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal HoneywellNet salesProducts$8,509 $7,175 $4,800 $5,795 $— $26,279 Services6,949 2,876 1,740 630 24 12,219 Total Net sales15,458 10,051 6,540 6,425 24 38,498 LessCost of products and services sold9,781 5,880 3,482 4,030 Selling, general and administrative expenses645 1,392 954 489 Other segment items11,044 817 423 384 Total Segment profit$3,988 $1,962 $1,681 $1,522 $(454)$8,699 Depreciation and amortization$299 $362 $198 $285 $190 $1,334 Capital expenditures371 214 78 373 128 1,164 Total assets16,966 21,035 11,438 10,337 15,420 75,196 1For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions. Other segment items1 For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions. Year Ended December 31, 2023Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal HoneywellNet salesProducts$7,316 $8,176 $4,599 $5,682 $— $25,773 Services6,308 2,580 1,432 557 12 10,889 Total Net sales13,624 10,756 6,031 6,239 12 36,662 LessCost of products and services sold8,362 6,379 3,240 3,950 Selling, general and administrative expenses538 1,361 884 429 Other segment items1964 807 378 373 Total Segment profit$3,760 $2,209 $1,529 $1,487 $(387)$8,598 Depreciation and amortization$267 $386 $107 $253 $163 $1,176 Capital expenditures310 194 79 374 82 1,039 Total assets12,976 22,026 6,723 8,048 11,752 61,525 1For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions. Other segment items1 For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions. 111 Honeywell International Inc. 111 Honeywell International Inc. 111 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Property, plant and equipment—net Property, plant and equipment—net Current maturities of long-term debt Current maturities of long-term debt Long-term debt Long-term debt 1 As of December 31, 2025 2024, Other assets excludes $88 million and $16 million, respectively, of right-of-use assets related to operating leases that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. As of December 31, 2025, Total operating lease liabilities excludes $13 million and $81 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. As of December 31, 2024, Total operating lease liabilities excludes $5 million and $11 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. As of December 31, 2025, maturities of lease liabilities were as follows: Operating LeasesFinance Leases2026$224 $39 2027202 20 2028178 6 2029142 2 2030106 — Thereafter411 — Total lease payments1,263 67 Less: Interest186 3 Less: Lease liabilities held for sale94 — Total maturities of lease liabilities$983 $64

Property, plant and equipment—net Property, plant and equipment—net Current maturities of long-term debt Current maturities of long-term debt Long-term debt Long-term debt 1 As of December 31, 2024, Other assets excludes $16 million of right-of-use assets related to operating leases that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. As of December 31, 2024, Total operating lease liabilities excludes $5 million and $11 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. 81 Honeywell International Inc. 81 Honeywell International Inc. 81 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

We leverage operating cash flows as the primary source of liquidity. Each of our businesses focuses on increasing operating cash flows through revenue growth, margin expansion, and improved working capital turnover. We also maintain other key sources of liquidity, including U.S. cash balances, and the ability to access non-U.S. cash balances, short-term debt from the commercial paper market, long-term borrowings, committed credit lines, and access to the public debt and equity markets. CASH As of December 31, 2025, and 2024, we held $12.9 billion and $10.3 billion, respectively, of cash and cash equivalents, including our short-term investments. We monitor third-party depository institutions that hold our cash and cash equivalents on a daily basis. Our emphasis is primarily safety of principal and secondarily maximizing yield of those funds. We diversify our cash and cash equivalents among counterparties to minimize exposure to any one counterparty. As of December 31, 2025, we held $10.2 billion of the Company’s cash, cash equivalents, and short-term investments in non-U.S. subsidiaries. We do not have material amounts related to any jurisdiction subject to currency control restrictions that impact our ability to access and repatriate such amounts. Under current laws, we do not expect taxes on repatriation or restrictions on amounts held outside of the U.S. to have a material effect on our overall liquidity. CASH FLOW SUMMARY Our cash flows from operating, investing, and financing activities, as reflected in the Consolidated Statement of Cash Flows, are summarized as follows: Years Ended December 31,20252024Change2025vs.20242023Change2024vs.2023Cash and cash equivalents at beginning of period$10,567 $7,925 $2,642 $9,627 $(1,702)Operating activitiesNet income from continuing operations4,468 4,995 (527)4,929 66 Noncash adjustments2,051 1,094 957 1,821 (727)Changes in working capital(737)(337)(400)(38)(299)NARCO Buyout payment— — — (1,325)1,325 Resideo indemnification and reimbursement agreement termination payment1,590 — 1,590 — — Asbestos liabilities divestiture payment(1,428)— (1,428)— — Other operating activities131 (640)771 (928)288 Net cash provided by operating activities from discontinued operations333 985 (652)881 104 Net cash provided by operating activities$6,408 $6,097 $311 $5,340 $757 Change 2025 vs. 2024 Change 2024 vs. 2023 Net income from continuing operations Resideo indemnification and reimbursement agreement termination payment Asbestos liabilities divestiture payment 40 Honeywell International Inc. 40 Honeywell International Inc. 40 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS Years Ended December 31, 20252024Change2025vs.20242023Change2024vs.2023Net cash used for investing activities from continuing operations$(2,442)$(9,864)$7,422 $(995)$(8,869)Net cash used for investing activities from discontinued operations(269)(293)24 (298)5 Net cash (used for) provided by financing activities(1,953)6,839 (8,792)(5,763)12,602 Effect of foreign exchange rate changes on cash and cash equivalents176 (137)313 14 (151)Net increase (decrease) in cash and cash equivalents1,920 2,642 (722)(1,702)4,344 Cash and cash equivalents at end of period$12,487 $10,567 $1,920 $7,925 $2,642 Change 2025 vs. 2024 Change 2024 vs. 2023

We leverage operating cash flows as the primary source of liquidity. Each of our businesses focus on increasing operating cash flows through revenue growth, margin expansion, and improved working capital turnover. We also maintain other key sources of liquidity, including U.S. cash balances, and the ability to access non-U.S. cash balances, short-term debt from the commercial paper market, long-term borrowings, committed credit lines, and access to the public debt and equity markets. CASH As of December 31, 2024, and 2023, we held $11.0 billion and $8.1 billion, respectively, of cash and cash equivalents, including our short-term investments. We monitor third-party depository institutions that hold our cash and cash equivalents on a daily basis. Our emphasis is primarily safety of principal and secondarily maximizing yield of those funds. We diversify our cash and cash equivalents among counterparties to minimize exposure to any one counterparty. As of December 31, 2024, we held $8.0 billion of the Company’s cash, cash equivalents, and short-term investments in non-U.S. subsidiaries. We do not have material amounts related to any jurisdiction subject to currency control restrictions that impact our ability to access and repatriate such amounts. Under current laws, we do not expect taxes on repatriation or restrictions on amounts held outside of the U.S. to have a material effect on our overall liquidity. CASH FLOW SUMMARY Our cash flows from operating, investing, and financing activities, as reflected in the Consolidated Statement of Cash Flows, are summarized as follows: Years Ended December 31,20242023Change2024vs.20232022Change2023vs.2022Cash and cash equivalents at beginning of period$7,925 $9,627 $(1,702)$10,959 $(1,332)Operating activitiesNet income attributable to Honeywell5,705 5,658 47 4,966 692 Noncash adjustments1,283 1,980 (697)1,946 34 Changes in working capital(305)(150)(155)(1,334)1,184 NARCO Buyout payment— (1,325)1,325 — (1,325)Other operating activities(586)(823)237 (304)(519)Net cash provided by operating activities6,097 5,340 757 5,274 66 Net cash used for investing activities(10,157)(1,293)(8,864)(93)(1,200)Net cash provided by (used for) financing activities6,839 (5,763)12,602 (6,330)567 Effect of foreign exchange rate changes on cash and cash equivalents(137)14 (151)(183)197 Net increase (decrease) in cash and cash equivalents2,642 (1,702)4,344 (1,332)(370)Cash and cash equivalents at end of period$10,567 $7,925 $2,642 $9,627 $(1,702) Change 2024 vs. 2023 Change 2023 vs. 2022 37 Honeywell International Inc. 37 Honeywell International Inc. 37 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis: December 31, 2025December 31, 2024Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalAssets Foreign currency exchange contracts$— $4 $— $4 $— $14 $— $14 Available for sale investments50 481 — 531 69 427 — 496 Interest rate swap agreements— 14 — 14 — 3 — 3 Cross currency swap agreements— — — — — 124 — 124 Investments in equity securities3 — — 3 8 — — 8 Right to HWI Net Sale Proceeds— — 4 4 — — 6 6 Total assets$53 $499 $4 $556 $77 $568 $6 $651 LiabilitiesForeign currency exchange contracts$— $11 $— $11 $— $15 $— $15 Interest rate swap agreements— 93 — 93 — 139 — 139 Cross currency swap agreements— 801 — 801 — 56 — 56 Total liabilities$— $905 $— $905 $— $210 $— $210 The Company values foreign currency exchange contracts, interest rate swap agreements, cross currency swap agreements, and commodity contracts using broker quotations, or market transactions in either the listed or over-the-counter markets. These derivative instruments are classified within level 2. The Company also holds investments in commercial paper, certificates of deposits, time deposits, and corporate debt securities that are designated as available for sale. These investments are valued using published prices based on observable market data. These investments are classified within level 2. The Company holds certain available for sale investments in U.S. government securities and investments in equity securities. The Company values these investments utilizing published prices based on quoted market pricing, which are classified within level 1. The carrying value of cash and cash equivalents, trade accounts and notes receivables, payables, commercial paper, and other short-term borrowings contained in the Consolidated Balance Sheet approximates fair value. The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value: December 31, 2025December 31, 2024CarryingValueFairValueCarryingValueFairValueAssets Long-term receivables$992 $961 $708 $652 LiabilitiesLong-term debt and related current maturities$28,688 $28,144 $26,826 $25,503 The Company determined the fair value of the long-term receivables by utilizing transactions in the listed markets for identical or similar assets. As such, the fair value of these receivables is considered level 2. The Company determined the fair value of the long-term debt and related current maturities utilizing transactions in the listed markets for identical or similar liabilities. As such, the fair value of the long-term debt and related current maturities is considered level 2. As of December 31, 2025, the Company measured the disposal group of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses at fair value, less costs to sell. As of December 31, 2024, the Company measured the disposal group of the PPE business at fair value, less costs to sell. The fair value of the disposal groups were determined using significant unobservable inputs based on expected proceeds to be received upon the sales of the businesses, and are considered level 3. See Note 2 Acquisitions, Divestitures, and Discontinued Operations for more information on the disposal groups. 92 Honeywell International Inc. 92 Honeywell International Inc. 92 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis: December 31, 2024December 31, 2023Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalAssets Foreign currency exchange contracts$— $33 $— $33 $— $35 $— $35 Available for sale investments69 427 — 496 63 217 — 280 Interest rate swap agreements— 3 — 3 — 18 — 18 Cross currency swap agreements— 124 — 124 — — — — Investments in equity securities8 — — 8 22 — — 22 Right to HWI Net Sale Proceeds— — 6 6 — — 9 9 Total assets$77 $587 $6 $670 $85 $270 $9 $364 LiabilitiesForeign currency exchange contracts$— $15 $— $15 $— $9 $— $9 Interest rate swap agreements— 139 — 139 — 184 — 184 Commodity contracts— — — — — 1 — 1 Cross currency swap agreements— 56 — 56 — 145 — 145 Total liabilities$— $210 $— $210 $— $339 $— $339 The Company values foreign currency exchange contracts, interest rate swap agreements, cross currency swap agreements, and commodity contracts using broker quotations, or market transactions in either the listed or over-the-counter markets. As such, these derivative instruments are classified within level 2. The Company also holds investments in commercial paper, certificates of deposits, time deposits, and corporate debt securities that are designated as available for sale. These investments are valued using published prices based on observable market data. As such, these investments are classified within level 2. The Company holds certain available for sale investments in U.S. government securities and investments in equity securities. The Company values these investments utilizing published prices based on quoted market pricing, which are classified within level 1. The carrying value of cash and cash equivalents, trade accounts and notes receivables, payables, commercial paper, and other short-term borrowings contained in the Consolidated Balance Sheet approximates fair value. As part of the NARCO Buyout (see Note 19 Commitments and Contingencies for definition), Honeywell holds a right to proceeds from the definitive sale agreement pursuant to which HarbisonWalker International Holdings, Inc. (HWI), the reorganized and renamed entity that emerged from the NARCO Bankruptcy, was acquired by an affiliate of Platinum Equity, LLC (HWI Sale). The right to these proceeds is considered a financial instrument. The significant input for the valuation of this right is unobservable, and as such, is classified within level 3. The HWI Sale closed on February 16, 2023. The balance of the remaining proceeds from the HWI Sale (HWI Net Sale Proceeds) as of December 31, 2024, and 2023, was $6 million and $9 million, respectively, based on the receipt of an additional $3 million in HWI Net Sales Proceeds during the twelve months ended December 31, 2024. The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value: December 31, 2024December 31, 2023CarryingValueFairValueCarryingValueFairValueAssets Long-term receivables$723 $666 $232 $173 LiabilitiesLong-term debt and related current maturities$26,826 $25,503 $18,358 $17,706 The Company determined the fair value of the long-term receivables by utilizing transactions in the listed markets for identical or similar assets. As such, the fair value of these receivables is considered level 2. The Company determined the fair value of the long-term debt and related current maturities utilizing transactions in the listed markets for identical or similar liabilities. As such, the fair value of the long-term debt and related current maturities is considered level 2. 86 Honeywell International Inc. 86 Honeywell International Inc. 86 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The fair values of both the Company's U.S. and non-U.S. pension plans assets by asset category are as follows: U.S. PlansDecember 31, 2025TotalLevel 1Level 2Level 3EquitiesHoneywell common stock$2,400 $2,400 $— $— U.S. equities973 973 — — Fixed incomeShort-term investments871 110 761 — Government securities2,054 — 2,054 — Corporate bonds5,434 383 5,051 — Mortgage/Asset-backed securities722 — 722 — Insurance contracts7 — 7 — Direct investmentsDirect private investments1,478 — — 1,478 Real estate properties1,001 — — 1,001 Total$14,940 $3,866 $8,595 $2,479 Investments measured at NAVPrivate funds1,228 Real estate funds5 Total assets at fair value$16,173 U.S. PlansDecember 31, 2024TotalLevel 1Level 2Level 3EquitiesHoneywell common stock$3,283 $3,283 $— $— U.S. equities819 819 — — Fixed incomeShort-term investments776 83 693 — Government securities2,142 — 2,142 — Corporate bonds5,104 230 4,874 — Mortgage/Asset-backed securities790 — 790 — Insurance contracts7 — 7 — Direct investmentsDirect private investments1,337 — — 1,337 Real estate properties972 — — 972 Total$15,230 $4,415 $8,506 $2,309 Investments measured at NAVPrivate funds1,327 Real estate funds8 Total assets at fair value$16,565 112 Honeywell International Inc. 112 Honeywell International Inc. 112 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The fair values of both the Company's U.S. and non-U.S. pension plans assets by asset category are as follows: U.S. PlansDecember 31, 2024TotalLevel 1Level 2Level 3EquitiesHoneywell common stock$3,283 $3,283 $— $— U.S. equities819 819 — — Fixed incomeShort-term investments776 83 693 — Government securities2,142 — 2,142 — Corporate bonds5,104 230 4,874 — Mortgage/Asset-backed securities790 — 790 — Insurance contracts7 — 7 — Direct investmentsDirect private investments1,337 — — 1,337 Real estate properties972 — — 972 Total$15,230 $4,415 $8,506 $2,309 Investments measured at NAVPrivate funds1,327 Real estate funds8 Total assets at fair value$16,565 U.S. PlansDecember 31, 2023TotalLevel 1Level 2Level 3EquitiesHoneywell common stock$3,049 $3,049 $— $— U.S. equities— — — — Fixed incomeShort-term investments2,942 283 2,659 — Government securities532 — 532 — Corporate bonds5,733 — 5,733 — Mortgage/Asset-backed securities676 — 676 — Insurance contracts7 — 7 — Direct investmentsDirect private investments1,293 — — 1,293 Real estate properties977 — — 977 Total$15,209 $3,332 $9,607 $2,270 Investments measured at NAVPrivate funds1,265 Real estate funds8 Commingled funds112 Total assets at fair value$16,594 106 Honeywell International Inc. 106 Honeywell International Inc. 106 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

$93.56–$99.99 $100.00–$134.99 $135.00–$189.99 $190.00–$224.38 There were 6.9 million and 9.6 million options exercisable at weighted average exercise prices of $157.58 and $138.24 as of December 31, 2024, and 2023, respectively. The following table summarizes the financial statement impact from stock options exercised: Years Ended December 31,202520242023Intrinsic value1$143 $357 $122 Tax benefit realized33 76 27 1Represents the amount by which the stock price exceeded the exercise price of the options on the date of exercise. Intrinsic value1 At December 31, 2025, there was $96 million of total unrecognized compensation cost related to non-vested stock option awards which is expected to be recognized over a weighted average period of 2.42 years. The total fair value of options vested for the years ended December 31, 2025, 2024, and 2023, was $48 million, $49 million, and $48 million, respectively. 95 Honeywell International Inc. 95 Honeywell International Inc. 95 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

$90.00 –$99.99 $100.00 –$134.99 $135.00 –$189.99 $190.00 –$232.60 There were 9.6 million and 9.5 million options exercisable at weighted average exercise prices of $138.24 and $127.99 as of December 31, 2023, and 2022, respectively. The following table summarizes the financial statement impact from stock options exercised: Years Ended December 31,202420232022Intrinsic value1$357 $122 $310 Tax benefit realized76 27 71 1Represents the amount by which the stock price exceeded the exercise price of the options on the date of exercise. Intrinsic value1 At December 31, 2024, there was $91 million of total unrecognized compensation cost related to non-vested stock option awards which is expected to be recognized over a weighted average period of 2.49 years. The total fair value of options vested for the years ended December 31, 2024, 2023, and 2022, was $49 million, $48 million, and $49 million, respectively. 89 Honeywell International Inc. 89 Honeywell International Inc. 89 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Year Ended December 31, 2025Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $154 $— $154 Prior service (credit) recognized— — — — (9)— (9)Settlements and curtailments— — — — (91)(91)Foreign currency translation adjustments— — — — 180 — 180 Total before tax$— $— $— $— $234 $— $234 Tax expense (benefit)(34)Total reclassifications for the period, net of tax$200 Cost of

Year Ended December 31, 2024Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $115 $— $115 Prior service (credit) recognized— — — — (22)— (22)Losses (gains) on cash flow hedges(2)(8)(3)(4)— — (17)Total before tax$(2)$(8)$(3)$(4)$93 $— $76 Tax expense (benefit)(22)Total reclassifications for the period, net of tax$54 Cost of

In conjunction with the Resideo Technologies, Inc. (Resideo) spin-off, the Company entered into a reimbursement agreement under which Honeywell received cash payments as reimbursement primarily related to net spending for environmental matters at certain sites as defined in the reimbursement agreement. Accordingly, the Company recorded receivables based on estimates of the underlying reimbursable Honeywell environmental spend, and the Company monitored the recoverability of such receivables, which were subject to the terms of applicable credit agreements and general ability to pay. In 2025, the Company and Resideo entered into a termination agreement for the accelerated monetization of the indemnification and reimbursement agreement. Upon closing of the transactions contemplated pursuant to the termination agreement, the Company received a one-time cash payment of $1,590 million in lieu of all future payments to which the Company was entitled pursuant to the indemnification and reimbursement agreement. As a result of the termination agreement, Resideo no longer has any obligation to make cash payments to Honeywell in respect of Honeywell's net spending for environmental matters. See Note 19 Commitments and Contingencies for additional information.

In conjunction with the Resideo Technologies, Inc. (Resideo) spin-off, the Company entered into a reimbursement agreement under which Honeywell receives cash payments as reimbursement primarily related to net spending for environmental matters at certain sites as defined in the reimbursement agreement. Accordingly, the Company recorded receivables based on estimates of the underlying reimbursable Honeywell environmental spend, and the Company monitors the recoverability of such receivables, which are subject to the terms of applicable credit agreements and general ability to pay.

Years Ended December 31,202520242023 (Dollars in millions)Net income$4,772 $5,740 $5,672 Other comprehensive income (loss), net of taxForeign exchange translation adjustment(883)200 (274)Actuarial gains (losses) recognized(752)350 (468)Prior service credit recognized— (10)— Prior service credit recognized during year(6)(17)(48)Actuarial losses recognized during year119 87 118 Settlements and curtailments(91)— — Foreign exchange translation and other(6)3 (9)Pension and other postretirement benefit adjustments(736)413 (407)Changes in fair value of available for sale investments6 1 5 Cash flow hedges recognized in other comprehensive income (loss)(16)17 60 Less: Reclassification adjustment for gains included in net income2 16 49 Changes in fair value of cash flow hedges(18)1 11 Other comprehensive income (loss), net of tax(1,631)615 (665)Comprehensive income3,141 6,355 5,007 Less: Comprehensive income attributable to the noncontrolling interest67 6 9 Comprehensive income attributable to Honeywell$3,074 $6,349 $4,998 Less: Comprehensive income attributable to the noncontrolling interest The Notes to Consolidated Financial Statements are an integral part of this statement.56 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.56 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 56 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Years Ended December 31,202420232022 (Dollars in millions)Net income$5,740 $5,672 $4,967 Other comprehensive income (loss), net of taxForeign exchange translation adjustment200 (274)(372)Actuarial gains (losses) recognized350 (468)(452)Prior service credit recognized(10)— — Prior service credit recognized during year(17)(48)(64)Actuarial losses recognized during year87 118 454 Foreign exchange translation and other3 (9)(171)Pension and other postretirement benefit adjustments413 (407)(233)Changes in fair value of available for sale investments1 5 (8)Cash flow hedges recognized in other comprehensive income (loss)17 60 71 Less: Reclassification adjustment for gains included in net income16 49 56 Changes in fair value of cash flow hedges1 11 15 Other comprehensive income (loss), net of tax615 (665)(598)Comprehensive income6,355 5,007 4,369 Less: Comprehensive income (loss) attributable to the noncontrolling interest6 9 (17)Comprehensive income attributable to Honeywell$6,349 $4,998 $4,386 The Notes to Consolidated Financial Statements are an integral part of this statement.53 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.53 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 53 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The Company has previously announced its intent to separate its Aerospace Technologies segment from Honeywell, which will comprise its Industrial Automation, the Building Automation, and the remainder of the Energy and Sustainability Solutions segments (the “Separation”), into standalone, publicly traded companies, in a transaction that is intended to be tax-free for the Company’s shareowners for U.S. federal income tax purposes. The Separation will be subject to the satisfaction of a number of customary conditions, including, among others, finalization of applicable financial statements, the filing and effectiveness of applicable filings (including a Form 10 registration statement) with the SEC, assurance that the transaction will be tax-free to Honeywell’s shareowners, receipt of applicable regulatory and other customary approvals, and final approval by Honeywell’s Board of Directors. The failure to satisfy all of the required conditions for the Separation, as well as additional factors such as conditions in the equity and debt markets and other external conditions, including, but not limited to, a government shutdown or shareowner actions or challenges relating to the Separation or to other aspects of the Company’s business or strategy, many of which are outside of the Company’s control, could delay the completion of the Separation relative to its anticipated timeline or prevent it from occurring. These or other unanticipated developments could also cause the Separation to occur on terms or conditions that are less favorable than anticipated. Furthermore, there is no guarantee that the Separation, if completed, will be successful in meeting its objectives or achieving its intended benefits. Whether or not the Separation is ultimately completed, the Company and our business may face challenges, including as a result of actions or challenges from shareowners, including activist shareowners, that may not be aligned with our business strategies or the interests of our other shareowners, including potential business disruption; the diversion of management’s time; and potential negative impacts on the Company’s relationships with its customers, employees, regulators, and other counterparties. Any of these factors could negatively impact our business, financial condition, results of operations, cash flows, and the price of our common stock, which may exhibit significant fluctuations based on temporary or speculative market perceptions or other factors that do not necessarily reflect the fundamental underlying value of our business or of the standalone, publicly traded companies that would be formed following the planned Separation.

The Company has previously announced its intent to (i) spin off its Advanced Materials business, which is part of its Energy and Sustainability Solutions reportable business segment (the “AM Spin-off”), and (ii) separate its Aerospace Technologies segment from Automation, which will comprise its Industrial Automation, the Building Automation, and the remainder of the Energy and Sustainability Solutions segments (the “Automation and Aerospace Separation”), into standalone, publicly traded companies, in transactions that are intended to be tax-free for the Company’s shareowners for U.S. federal income tax purposes (together, the “Separations”). The AM Spin-off is expected to continue concurrent with the Automation and Aerospace Separation. Each of the Separations will be subject to the satisfaction of a number of customary conditions, including, among others, finalization of applicable financial statements, the filing and effectiveness of applicable filings (including Form 10 registration statements) with the SEC, assurance that the transactions will be tax-free to Honeywell’s shareowners, receipt of applicable regulatory and other customary approvals, and final approval by Honeywell’s Board of Directors. The failure to satisfy all of the required conditions for either Separation, as well as additional factors such as conditions in the equity and debt markets and other external conditions, including, but not limited to, shareowner actions or challenges relating to either Separation or to other aspects of the Company’s business or strategy, many of which are outside of the Company’s control, could delay the completion of one or both of the Separations relative to their respective anticipated timelines or prevent one or both from occurring. These or other unanticipated developments could also cause one or both of the Separations to occur on terms or conditions that are less favorable than anticipated. Furthermore, there is no guarantee that either of the Separations, if completed, will be successful in meeting its objectives or achieving its intended benefits. Whether or not the Separations are ultimately completed, the Company and our business may face challenges, including as a result of actions or challenges from shareowners, including activist shareowners, that may not be aligned with our business strategies or the interests of our other shareowners, including potential business disruption; the diversion of management’s time; and potential negative impacts on the Company’s relationships with its customers, employees, regulators, and other counterparties. Any of these factors could negatively impact our business, financial condition, results of operations, cash flows, and the price of our common stock, which may exhibit significant fluctuations based on temporary or speculative market perceptions or other factors that do not necessarily reflect the fundamental underlying value of our business or of the standalone, publicly traded companies that would be formed following the planned Separations. 30 Honeywell International Inc. 30 Honeywell International Inc. 30 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS

Year Ended December 31, 2023Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal HoneywellNet salesProducts$7,316 $8,176 $4,599 $2,254 $— $22,345 Services6,308 2,580 1,432 332 12 10,664 Total Net sales13,624 10,756 6,031 2,586 12 33,009 LessCost of products and services sold8,362 6,379 3,240 1,599 Selling, general and administrative expenses538 1,361 884 231 Other segment items964 807 378 187 Total Segment profit$3,760 $2,209 $1,529 $569 $(504)$7,563 Depreciation and amortization$267 $386 $107 $81 $163 $1,004 Capital expenditures310 194 79 76 82 741 December 31, 2025December 31, 2024Aerospace Technologies$17,920 $16,966 Industrial Automation20,351 21,035 Building Automation10,883 11,438 Energy and Sustainability Solutions7,933 5,351 Corporate and All Other16,594 15,375 Total assets$73,681 $70,165 A reconciliation of segment profit to consolidated income before taxes are as follows: Years Ended December 31,202520242023Segment profit$8,127 $7,667 $7,563 Interest and other financial charges(1,344)(1,048)(749)Interest income1369 430 321 Amortization of acquisition-related intangibles2(570)(411)(290)Impairment of goodwill(724)— — Impairment of assets held for sale(270)(219)— Stock compensation expense3(196)(189)(197)Pension ongoing income4544 591 532 Pension mark-to-market expense4(163)(126)(153)Other postretirement income415 11 29 Repositioning and other gains (charges)5167 (239)(844)Other expense6(479)(223)(21)Income before taxes$5,476 $6,244 $6,191 1Amounts included in Other (income) expense.2Amounts included in Cost of products and services sold.3Amounts included in Selling, general and administrative expenses.4Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component).5Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.6Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit. Interest income1 Amortization of acquisition-related intangibles2 Impairment of goodwill Stock compensation expense3 Pension ongoing income4 Pension mark-to-market expense4 Other postretirement income4 Repositioning and other gains (charges)5 Other expense6 Amounts included in Selling, general and administrative expenses. Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component). Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense. Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit. 118 Honeywell International Inc. 118 Honeywell International Inc. 118 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Year Ended December 31, 2022Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal HoneywellNet salesProducts$6,330 $9,439 $4,591 $5,600 $— $25,960 Services5,497 2,199 1,409 396 5 9,506 Total Net sales11,827 11,638 6,000 5,996 5 35,466 LessCost of products and services sold7,183 7,230 3,250 3,673 Selling, general and administrative expenses430 1,417 910 426 Other segment items1967 839 376 342 Total Segment profit$3,247 $2,152 $1,464 $1,555 $(396)$8,022 Depreciation and amortization$285 $422 $92 $247 $158 $1,204 Capital expenditures246 77 74 291 78 766 1For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions. Other segment items1 For each reportable segment, the other segment items category includes research and development expenses, equity income of affiliated companies and certain allocated overhead expenses, which are comprised of salaries and fringe benefits, professional & purchased services, and other indirect spend across core corporate functions such as central IT, corporate finance, human resources, supply chain, legal, government relations, and other corporate functions. A reconciliation of segment profit to consolidated income before taxes are as follows: Years Ended December 31,202420232022Segment profit$8,699 $8,598 $8,022 Interest and other financial charges(1,058)(765)(414)Interest income1426 321 138 Amortization of acquisition-related intangibles2(415)(292)(333)Impairment of assets held for sale(219)— — Stock compensation expense3(194)(202)(188)Pension ongoing income4592 528 993 Pension mark-to-market expense4(126)(153)(523)Other postretirement income411 29 41 Repositioning and other charges5(244)(860)(1,266)Other expense6(259)(45)(91)Income before taxes$7,213 $7,159 $6,379 1Amounts included in Other (income) expense.2Amounts included in Cost of products and services sold.3Amounts included in Selling, general and administrative expenses.4Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component).5Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.6Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit. Interest income1 Amortization of acquisition-related intangibles2 Stock compensation expense3 Pension ongoing income4 Pension mark-to-market expense4 Other postretirement income4 Repositioning and other charges5 Other expense6 Amounts included in Selling, general and administrative expenses. Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component). Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense. Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit. 112 Honeywell International Inc. 112 Honeywell International Inc. 112 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Non-U.S. PlansDecember 31, 2025TotalLevel 1Level 2Level 3EquitiesNon-U.S. equities442 — 442 — Fixed incomeShort-term investments325 51 274 — Government securities986 — 986 — Corporate bonds584 — 584 — Mortgage/Asset-backed securities9 — 9 — Insurance contracts92 — 92 — Insurance buy-in contracts1,976 — — 1,976 Investments in private fundsPrivate funds154 — — 154 Total$4,568 $51 $2,387 $2,130 Investments measured at NAVPrivate funds1 Total assets at fair value$4,569 Non-U.S. PlansDecember 31, 2024TotalLevel 1Level 2Level 3EquitiesU.S. equities$209 $— $209 $— Non-U.S. equities436 — 436 — Fixed incomeShort-term investments385 68 317 — Government securities1,317 — 1,317 — Corporate bonds1,144 — 1,144 — Mortgage/Asset-backed securities18 — 18 — Insurance contracts90 — 90 — Insurance buy-in contracts1,390 — — 1,390 Investments in private fundsPrivate funds112 — 34 78 Real estate funds2 — — 2 Total$5,103 $68 $3,565 $1,470 Investments measured at NAVPrivate funds1 Real estate funds1 Total assets at fair value$5,105 113 Honeywell International Inc. 113 Honeywell International Inc. 113 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Non-U.S. PlansDecember 31, 2024TotalLevel 1Level 2Level 3EquitiesU.S. equities$209 $— $209 $— Non-U.S. equities436 — 436 — Fixed incomeShort-term investments385 68 317 — Government securities1,317 — 1,317 — Corporate bonds1,144 — 1,144 — Mortgage/Asset-backed securities18 — 18 — Insurance contracts90 — 90 — Insurance buy-in contracts1,390 — — 1,390 Investments in private fundsPrivate funds112 — 34 78 Real estate funds2 — — 2 Total$5,103 $68 $3,565 $1,470 Investments measured at NAVPrivate funds1 Real estate funds1 Total assets at fair value$5,105 Non-U.S. PlansDecember 31, 2023TotalLevel 1Level 2Level 3EquitiesU.S. equities$195 $— $195 $— Non-U.S. equities365 — 365 — Fixed incomeShort-term investments387 168 219 — Government securities1,635 — 1,635 — Corporate bonds1,103 — 1,103 — Mortgage/Asset-backed securities10 — 10 — Insurance contracts108 — 108 — Insurance buy-in contracts1,605 — — 1,605 Investments in private fundsPrivate funds115 — 41 74 Real estate funds16 — — 16 Total$5,539 $168 $3,676 $1,695 Investments measured at NAVPrivate funds8 Real estate funds2 Total assets at fair value$5,549 107 Honeywell International Inc. 107 Honeywell International Inc. 107 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

1 As of December 31, 2025 and 2024, Total Property, plant and equipment—net excludes $153 million and $155 million, respectively, that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. Depreciation expense was $546 million, $493 million, and $490 million for the years ended December 31, 2025, 2024, and 2023, respectively. 81 Honeywell International Inc. 81 Honeywell International Inc. 81 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

1 As of December 31, 2024, Total Property, plant and equipment—net excludes $155 million that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. Depreciation expense was $671 million, $659 million, and $657 million for the years ended December 31, 2024, 2023, and 2022, respectively. 76 Honeywell International Inc. 76 Honeywell International Inc. 76 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The tax effects of temporary differences and tax carryforwards which give rise to future income tax benefits and payables are as follows: Deferred tax assetsDecember 31,20252024Postretirement benefits other than pensions$45 $50 Asbestos and environmental189 373 Capitalized research and development917 946 Employee compensation and benefits104 130 Lease liabilities212 228 Other accruals and reserves389 375 Net operating losses650 618 Capital loss carryover and outside basis differences544 467 Tax credit carryforwards and other attributes648 269 Gross deferred tax assets3,698 3,456 Valuation allowance(1,374)(1,253)Total deferred tax assets2,324 2,203 Deferred tax liabilitiesDeferred revenue(175)(244)Pension(1,339)(1,481)Property, plant and equipment(351)(212)Right-of-use asset(198)(198)Intangibles(886)(654)Unremitted earnings of foreign subsidiaries(482)(488)Other asset basis differences(271)(272)Total deferred tax liabilities(3,702)(3,549)Net deferred tax liability1$(1,378)$(1,346)1As of December 31, 2025, Net deferred tax liability excludes $136 million of deferred tax assets that are included in Assets held for sale in the Consolidated Balance Sheet. As of December 31, 2024, Net deferred tax liability excludes $124 million of deferred tax liabilities that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. Property, plant and equipment

The tax effects of temporary differences and tax carryforwards which give rise to future income tax benefits and payables are as follows: Deferred tax assetsDecember 31,20242023Postretirement benefits other than pensions$50 $55 Asbestos and environmental373 405 Capitalized research and development947 582 Employee compensation and benefits143 148 Lease liabilities263 258 Other accruals and reserves396 196 Net operating losses618 687 Capital loss carryover and outside basis differences467 385 Tax credit carryforwards and other attributes269 420 Gross deferred tax assets3,526 3,136 Valuation allowance(1,253)(1,292)Total deferred tax assets2,273 1,844 Deferred tax liabilitiesDeferred revenue(244)— Pension(1,485)(1,132)Property, plant and equipment(371)(441)Right-of-use asset(242)(240)Intangibles(679)(817)Unremitted earnings of foreign subsidiaries(516)(542)Other asset basis differences(285)(369)Other— (5)Total deferred tax liabilities(3,822)(3,546)Net deferred tax liability1$(1,549)$(1,702)1As of December 31, 2024, Net deferred tax liability excludes $124 million that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. Property, plant and equipment

NOTE 20. PENSION AND OTHER POSTRETIREMENT BENEFITS The Company sponsors a number of both funded and unfunded U.S. and non-U.S. defined benefit pension plans. Pension benefits for many of the Company's U.S. employees are provided through non-contributory, qualified, and non-qualified defined benefit plans. All non-union hourly and salaried employees joining Honeywell for the first time after December 31, 2012, are not eligible to participate in Honeywell’s U.S. defined benefit pension plans. The Company also sponsors defined benefit pension plans which cover non-U.S. employees who are not U.S. citizens, in certain jurisdictions, principally the UK, Germany, and Canada. Other pension plans outside of the U.S. are not material to the Company either individually or in the aggregate. The Company sponsors postretirement benefit plans that provide health care benefits and life insurance coverage mainly to U.S. eligible retirees. None of Honeywell’s U.S. employees are eligible for a retiree medical subsidy from the Company. In addition, the vast majority of Honeywell’s U.S. retirees either have no Company subsidy or have a fixed-dollar subsidy amount. This significantly limits the Company's exposure to the impact of future health care cost increases. The retiree medical and life insurance plans are not funded. Claims and expenses are paid from the Company's cash flows from operations. In connection with the completion of the October 30, 2025 spin-off of the Advanced Materials business, approximately $177 million of pension benefit obligations and $150 million of plan assets for certain pension plans were transferred to Solstice, which is treated as a discontinued operation. These are reflected as "Transfers to Solstice" in the table below. 106 Honeywell International Inc. 106 Honeywell International Inc. 106 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

NOTE 20. PENSION AND OTHER POSTRETIREMENT BENEFITS The Company sponsors a number of both funded and unfunded U.S. and non-U.S. defined benefit pension plans. Pension benefits for many of the Company's U.S. employees are provided through non-contributory, qualified, and non-qualified defined benefit plans. All non-union hourly and salaried employees joining Honeywell for the first time after December 31, 2012, are not eligible to participate in Honeywell’s U.S. defined benefit pension plans. The Company also sponsors defined benefit pension plans which cover non-U.S. employees who are not U.S. citizens, in certain jurisdictions, principally the UK, Netherlands, Germany, and Canada. Other pension plans outside of the U.S. are not material to the Company either individually or in the aggregate. The Company sponsors postretirement benefit plans that provide health care benefits and life insurance coverage mainly to U.S. eligible retirees. None of Honeywell’s U.S. employees are eligible for a retiree medical subsidy from the Company. In addition, the vast majority of Honeywell’s U.S. retirees either have no Company subsidy or have a fixed-dollar subsidy amount. This significantly limits the Company's exposure to the impact of future health care cost increases. The retiree medical and life insurance plans are not funded. Claims and expenses are paid from the Company's cash flows from operations. 100 Honeywell International Inc. 100 Honeywell International Inc. 100 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Years Ended December 31,202520242023Shares$Shares$Shares$ (In millions, except per share amounts)Common stock, par value957.6 958 957.6 958 957.6 958 Additional paid-in capitalBeginning balance9,695 9,062 8,564 Issued for employee savings and option plans300 403 214 Stock compensation expense206 194 202 Impact of Quantinuum contribution(44)36 82 Ending balance10,157 9,695 9,062 Treasury stockBeginning balance(307.8)(39,378)(305.8)(38,008)(290.0)(34,443)Reacquired stock or repurchases of common stock(18.1)(3,819)(8.0)(1,672)(19.2)(3,715)Issued for employee savings and option plans3.6 168 6.0 302 3.4 150 Ending balance(322.3)(43,029)(307.8)(39,378)(305.8)(38,008)Retained earningsBeginning balance50,835 47,979 45,093 Net income attributable to Honeywell4,729 5,705 5,658 Dividends on common stock(2,934)(2,849)(2,772)Spin-offs(1,651)— — Other(15)— — Ending balance50,964 50,835 47,979 Accumulated other comprehensive lossBeginning balance(3,491)(4,135)(3,475)Foreign exchange translation adjustment(907)229 (269)Pension and other postretirement benefit adjustments(736)413 (407)Changes in fair value of available for sale investments6 1 5 Changes in fair value of cash flow hedges(18)1 11 Ending balance(5,146)(3,491)(4,135)Noncontrolling interestBeginning balance535 578 622 Acquisitions, divestitures, and other35 — (5)Net income attributable to noncontrolling interest43 35 14 Foreign exchange translation adjustment24 (29)(5)Dividends paid(64)(78)(107)Contributions from noncontrolling interest holders553 29 59 Ending balance1,126 535 578 Total shareowners’ equity635.3 15,030 649.8 19,154 651.8 16,434 Cash dividends per share of common stock$4.58 $4.37 $4.17 Impact of Quantinuum contribution Other The Notes to Consolidated Financial Statements are an integral part of this statement.59 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.59 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 59 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Years Ended December 31,202420232022Shares$Shares$Shares$ (In millions, except per share amounts)Common stock, par value957.6 958 957.6 958 957.6 958 Additional paid-in capitalBeginning balance9,062 8,564 8,141 Issued for employee savings and option plans403 214 235 Stock compensation expense194 202 188 Impact of Quantinuum contribution36 82 — Ending balance9,695 9,062 8,564 Treasury stockBeginning balance(305.8)(38,008)(290.0)(34,443)(272.8)(30,462)Reacquired stock or repurchases of common stock(8.0)(1,672)(19.2)(3,715)(21.9)(4,200)Issued for employee savings and option plans6.0 302 3.4 150 4.7 219 Ending balance(307.8)(39,378)(305.8)(38,008)(290.0)(34,443)Retained earningsBeginning balance47,979 45,093 42,827 Net income attributable to Honeywell5,705 5,658 4,966 Dividends on common stock(2,849)(2,772)(2,700)Ending balance50,835 47,979 45,093 Accumulated other comprehensive lossBeginning balance(4,135)(3,475)(2,895)Foreign exchange translation adjustment229 (269)(354)Pension and other postretirement benefit adjustments413 (407)(233)Changes in fair value of available for sale investments1 5 (8)Changes in fair value of cash flow hedges1 11 15 Ending balance(3,491)(4,135)(3,475)Noncontrolling interestBeginning balance578 622 673 Acquisitions, divestitures, and other— (5)— Net income attributable to noncontrolling interest35 14 1 Foreign exchange translation adjustment(29)(5)(18)Dividends paid(78)(107)(48)Contributions from noncontrolling interest holders29 59 14 Ending balance535 578 622 Total shareowners’ equity649.8 19,154 651.8 16,434 667.6 17,319 Cash dividends per share of common stock$4.37 $4.17 $3.97 Impact of Quantinuum contribution The Notes to Consolidated Financial Statements are an integral part of this statement.56 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.56 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 56 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Charlotte, North Carolina February 14, 2025 We have served as the Company's auditor since 2014. 115 Honeywell International Inc. 115 Honeywell International Inc. 115 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

We maintain long-term contractual relationships with many of our customers, suppliers, and other counterparties. While we monitor the financial health of these counterparties, we are exposed to credit and market risks of such counterparties, including those concentrated in the same or similar industries and geographic regions. Changes in political and economic conditions could also lead to concerns about the creditworthiness of counterparties and their ability to pay in the same or similar industry or geography, impacting our ability to renew our long-term contractual arrangements or collect amounts due under these arrangements. Among other factors, geopolitical events, inflation, high interest rates, banking instability, and changes in economic conditions, including an economic downturn or recession, could also result in the credit deterioration or insolvency of a significant counterparty. Additionally, instability in U.S. and global capital and credit markets, including market disruptions, limited liquidity and interest rate volatility, or reductions in the credit ratings assigned to us by independent rating agencies could reduce our access to capital markets, including in connection with the Separation, or increase the cost of funding our short- and long-term credit requirements. In particular, if we are unable to access capital and credit markets on terms that are acceptable to us, or at all, we may not be able to make certain investments or fully execute our business plans and strategies. If we were to raise funding through the issuance of equity securities, our shareowners would experience dilution of their existing ownership interest. If we were to raise significant additional funds by issuing debt, rating agencies could downgrade our credit ratings or put them on negative watch.

We maintain long-term contractual relationships with many of our customers, suppliers, and other counterparties. While we monitor the financial health of these counterparties, we are exposed to credit and market risks of such counterparties, including those concentrated in the same or similar industries and geographic regions. Changes in political and economic conditions could also lead to concerns about the creditworthiness of counterparties and their ability to pay in the same or similar industry or geography, impacting our ability to renew our long-term contractual arrangements or collect amounts due under these arrangements. Among other factors, geopolitical events, inflation, rising interest rates, banking instability, and changes in economic conditions, including an economic downturn or recession, could also result in the credit deterioration or insolvency of a significant counterparty.

Many jurisdictions impose limitations on the timing and utilization of net operating loss and tax credit carryforwards. Approximately $3,228 million of the non-U.S. net operating loss has no expiration period. The U.S. federal capital loss carryforward of $510 million expires in 2026. The remaining net operating loss, capital loss and credit carryforwards, and other tax attributes have expiration periods through 2045. The table below summarizes the Company's change in unrecognized tax benefits for the years ended December 31, 2025, 2024, and 2023: Years Ended December 31,202520242023Change in unrecognized tax benefits Balance at beginning of year$1,201 $1,215 $1,077 Gross increases related to current period tax positions30 64 89 Gross increases related to prior periods tax positions99 12 181 Gross decreases related to prior periods tax positions(2)(17)— Decrease related to resolutions of audits with tax authorities(91)(31)(132)Expiration of the statute of limitations for the assessment of taxes(44)(9)(3)Foreign currency translation45 (33)3 Balance at end of year$1,238 $1,201 $1,215 As of December 31, 2025, 2024, and 2023, there were $1,238 million, $1,201 million, and $1,215 million, respectively, of unrecognized tax benefits that if recognized would be recorded as a component of tax expense. The following table summarizes tax years that remain subject to examination by major tax jurisdictions as of December 31, 2025: JurisdictionOpen Tax YearsExamination in progressExamination not yet initiatedU.S. Federal2017-20212022-2025U.S. State2013-20242025Canada2018-20212022-2025China2013-20242025Germany2017-20202021-2025India2006-20202021-2025Malaysia2019-20232024-2025Puerto RicoN/A2020-2025SwitzerlandN/A2020-2025United Kingdom2013-20232024-2025 Germany Based on the outcome of these examinations, or as a result of the expiration of statute of limitations for specific jurisdictions, it is reasonably possible that certain unrecognized tax benefits for tax positions taken on previously filed tax returns will materially change from those recorded as liabilities in the Company's financial statements. In addition, the outcome of these examinations may impact the valuation of certain deferred tax assets (such as net operating losses) in future periods. Unrecognized tax benefits for examinations in progress were $874 million, $787 million, and $803 million as of December 31, 2025, 2024, and 2023, respectively. Estimated interest and penalties related to the underpayment of income taxes are classified as a component of Tax expense in the Consolidated Statement of Operations and totaled $55 million, $94 million, and $74 million for the years ended December 31, 2025, 2024, and 2023, respectively. Accrued interest and penalties were $751 million, $707 million, and $612 million as of December 31, 2025, 2024, and 2023, respectively. 80 Honeywell International Inc. 80 Honeywell International Inc. 80 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Total Many jurisdictions impose limitations on the timing and utilization of net operating loss and tax credit carryforwards. Approximately $3,111 million of the non-U.S. net operating loss has no expiration period. The U.S. federal capital loss carryforward of $510 million expires in 2026. The remaining net operating loss, capital loss and credit carryforwards, and other tax attributes have expiration periods through 2044. The table below summarizes the Company's change in unrecognized tax benefits for the years ended December 31, 2024, 2023, and 2022: Years Ended December 31,202420232022Change in unrecognized tax benefits Balance at beginning of year$1,225 $1,086 $1,061 Gross increases related to current period tax positions64 89 64 Gross increases related to prior periods tax positions12 181 31 Gross decreases related to prior periods tax positions(17)— (19)Decrease related to resolutions of audits with tax authorities(31)(132)(3)Expiration of the statute of limitations for the assessment of taxes(9)(3)(8)Foreign currency translation(33)4 (40)Balance at end of year$1,211 $1,225 $1,086 As of December 31, 2024, 2023, and 2022, there were $1,211 million, $1,225 million, and $1,086 million, respectively, of unrecognized tax benefits that if recognized would be recorded as a component of tax expense. The following table summarizes tax years that remain subject to examination by major tax jurisdictions as of December 31, 2024: JurisdictionOpen Tax YearsExamination in progressExamination not yet initiatedU.S. Federal2017-20212022-2024U.S. State2013-20222023-2024Canada2019-20212022-2024China2013-2024N/AGermany2013-20202021-2024India2014-20212022-2024Malaysia2018-20212022-2024Puerto RicoN/A2020-2024Switzerland2019-20222023-2024United Kingdom2014-20222023-2024 Germany Based on the outcome of these examinations, or as a result of the expiration of statute of limitations for specific jurisdictions, it is reasonably possible that certain unrecognized tax benefits for tax positions taken on previously filed tax returns will materially change from those recorded as liabilities in the Company's financial statements. In addition, the outcome of these examinations may impact the valuation of certain deferred tax assets (such as net operating losses) in future periods. 75 Honeywell International Inc. 75 Honeywell International Inc. 75 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

OtherPostretirementBenefits20252024Change in benefit obligationBenefit obligation at beginning of year$98 $116 Interest cost5 5 Actuarial (gains) losses9 (7)Benefits paid(16)(16)Benefit obligation at end of year96 98 Change in plan assetsFair value of plan assets at beginning of year— — Actual return on plan assets— — Company contributions— — Benefits paid— — Fair value of plan assets at end of year— — Funded status of plans$(96)$(98)Amounts recognized in the Consolidated Balance Sheet consist ofAccrued liabilities$(11)$(11)Postretirement benefit obligations other than pensions1(85)(87)Net amount recognized$(96)$(98)1Excludes non-U.S. plan of $24 million and $25 million as of December 31, 2025, and 2024, respectively. Postretirement benefit obligations other than pensions1 Excludes non-U.S. plan of $24 million and $25 million as of December 31, 2025, and 2024, respectively. Amounts recognized in Accumulated other comprehensive loss associated with the Company's significant pension and other postretirement benefit plans at December 31, 2025, and 2024, are as follows: Pension BenefitsU.S. PlansNon-U.S. Plans2025202420252024Prior service (credit) cost$— $— $35 $34 Net actuarial (gain) loss1,613 729 364 315 Net amount recognized$1,613 $729 $399 $349 OtherPostretirementBenefits20252024Prior service (credit) cost$(7)$(18)Net actuarial (gain) loss(46)(64)Net amount recognized$(53)$(82) 108 Honeywell International Inc. 108 Honeywell International Inc. 108 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

OtherPostretirementBenefits20242023Change in benefit obligationBenefit obligation at beginning of year$116 $133 Service cost— — Interest cost5 6 Plan amendments— — Actuarial (gains) losses(7)3 Benefits paid(16)(26)Benefit obligation at end of year98 116 Change in plan assetsFair value of plan assets at beginning of year— — Actual return on plan assets— — Company contributions— — Benefits paid— — Fair value of plan assets at end of year— — Funded status of plans$(98)$(116)Amounts recognized in the Consolidated Balance Sheet consist ofAccrued liabilities$(11)$(12)Postretirement benefit obligations other than pensions1(87)(104)Net amount recognized$(98)$(116)1Excludes non-U.S. plan of $25 million and $30 million as of December 31, 2024, and 2023, respectively. Postretirement benefit obligations other than pensions1 Excludes non-U.S. plan of $25 million and $30 million as of December 31, 2024, and 2023, respectively. Amounts recognized in Accumulated other comprehensive loss associated with the Company's significant pension and other postretirement benefit plans at December 31, 2024, and 2023, are as follows: Pension BenefitsU.S. PlansNon-U.S. Plans2024202320242023Prior service (credit) cost$— $(7)$34 $18 Net actuarial (gain) loss729 1,191 315 422 Net amount recognized$729 $1,184 $349 $440 OtherPostretirementBenefits20242023Prior service (credit) cost$(18)$(30)Net actuarial (gain) loss(64)(68)Net amount recognized$(82)$(98) 102 Honeywell International Inc. 102 Honeywell International Inc. 102 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

December 31,20252024Cumulative foreign exchange translation adjustment$(3,779)$(2,872)Pension and other postretirement benefit adjustments(1,378)(642)Fair value adjustments of available for sale investments5 (1)Fair value adjustments of cash flow hedges6 24 Total Accumulated other comprehensive loss$(5,146)$(3,491) 98 Honeywell International Inc. 98 Honeywell International Inc. 98 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

December 31,20242023Cumulative foreign exchange translation adjustment$(2,872)$(3,101)Pension and other postretirement benefit adjustments(642)(1,055)Fair value adjustments of available for sale investments(1)(2)Fair value adjustments of cash flow hedges24 23 Total Accumulated other comprehensive loss$(3,491)$(4,135) 92 Honeywell International Inc. 92 Honeywell International Inc. 92 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Benefit payments, including amounts to be paid from Company assets, and reflecting expected future service, as appropriate, are expected to be paid as follows: U.S. PlansNon-U.S. Plans2026$1,261 $254 20271,191 262 20281,135 267 20291,085 268 20301,043 269 2031-20354,543 1,373 During the year ended December 31, 2025, the Company repurchased $500 million of outstanding Honeywell shares of common stock from the Honeywell U.S. Pension Plan Master Trust. During the year ended December 31, 2024, the Company completed no repurchases of outstanding Honeywell shares of common stock from the Honeywell U.S. Pension Plan Master Trust.

Benefit payments, including amounts to be paid from Company assets, and reflecting expected future service, as appropriate, are expected to be paid as follows: U.S. PlansNon-U.S. Plans2025$1,276 $233 20261,215 236 20271,163 241 20281,112 245 20291,068 249 2030-20344,649 1,311 During the twelve months ended December 31, 2024, the Company completed no repurchases of outstanding Honeywell shares of common stock from the Honeywell U.S. Pension Plan Master Trust. During the twelve months ended December 31, 2023, the Company repurchased $200 million of outstanding Honeywell shares of common stock from the Honeywell U.S. Pension Plan Master Trust.

NOTE 15. STOCK-BASED COMPENSATION PLANS The 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (2016 Plan) and 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (2016 Directors Plan) were both approved by the shareowners at the Annual Meeting of Shareowners effective on April 25, 2016. As of December 31, 2025, there were 25.3 million and 0.8 million shares of Honeywell common stock available for future grants under terms of the 2016 Plan and 2016 Directors Plan, respectively. In connection with the spin-off of the Advanced Materials business as described in Note 2 Acquisitions, Divestitures, and Discontinued Operations, all outstanding equity awards were equitably converted to preserve the pre-spin-off value, as required by the 2016 Plan and the 2016 Directors Plan. For vested and unexercised stock options, as well as unvested stock options and restricted stock unit (RSU) awards associated with Honeywell employees, the exercise price and number of shares were adjusted as applicable. The terms of the outstanding awards, including remaining vesting periods of unvested awards, remain the same after conversion. For all unvested stock options and RSU awards associated with Solstice employees, the awards were equitably converted into Solstice awards and are no longer outstanding under the Company’s plans. The adjustments did not result in additional compensation expense. The information disclosed in this note includes the results of both continuing and discontinued operations in the aggregate.

NOTE 15. STOCK-BASED COMPENSATION PLANS The 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (2016 Plan) and 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (2016 Directors Plan) were both approved by the shareowners at the Annual Meeting of Shareowners effective on April 25, 2016. As of December 31, 2024, there were 27.1 million and 0.8 million shares of Honeywell common stock available for future grants under terms of the 2016 Plan and 2016 Directors Plan, respectively.

During the third quarter of 2024, the Company concluded the assets and liabilities of the Personal Protective Equipment (PPE) business, which was part of the Sensing and Safety Technologies business unit within the Industrial Automation reportable business segment, met the held for sale criteria; therefore, the Company presented the associated assets and liabilities of the business as held for sale beginning September 30, 2024. The disposal group, consisting of the associated assets and liabilities, was measured at the lower of carrying value or fair value less costs to sell. Depreciation and amortization expense was not recorded for the period in which assets were classified as held for sale. The carrying amount of any assets, including goodwill, that were part of the disposal group, but not in the scope of ASC 360-10, Property, Plant, and Equipment, were tested for impairment under the relevant guidance prior to measuring the disposal group at fair value, less costs to sell. The Company performed an evaluation as of December 31, 2024, to assess the recoverability of the carrying value of the assets held for sale. The Company recognized a valuation allowance of $219 million during the year ended December 31, 2024, to write down the disposal group to fair value, less costs to sell. During the first quarter of 2025, the Company recognized a $15 million increase to the valuation allowance to write down the disposal group to fair value, less costs to sell. On May 21, 2025, the Company completed the sale of its PPE business in exchange for total consideration of $1,157 million, net of cash transferred. The Company recognized a pre-tax loss on sale of the PPE business of $30 million for the year ended December 31, 2025, which was recorded in Other (income) expense in the Consolidated Statement of Operations. pre-tax loss on sale of the PPE business 68 Honeywell International Inc. 68 Honeywell International Inc. 68 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

During the third quarter of 2024, the Company concluded the assets and liabilities of the personal protective equipment (PPE) business, which is part of the Sensing and Safety Technologies business unit within the Industrial Automation reportable business segment, met the held for sale criteria; therefore, the Company presented the associated assets and liabilities of the business as held for sale as of September 30, 2024. On November 22, 2024, the Company announced it reached an agreement to sell its PPE business for $1,325 million in an all-cash transaction. The transaction is expected to be completed in the first half of 2025 and is subject to customary closing conditions. The disposal group, consisting of the associated assets and liabilities, is measured at the lower of carrying value or fair value less costs to sell. Depreciation and amortization expense is not recorded for the period in which assets are classified as held for sale. The carrying amount of any assets, including goodwill, that are part of the disposal group, but not in the scope of Accounting Standards Codification (ASC) 360-10, Property, Plant, and Equipment, are tested for impairment under the relevant guidance prior to measuring the disposal group at fair value, less costs to sell. The Company performed an evaluation as of December 31, 2024, to assess the recoverability of the carrying value of the assets held for sale. The Company recognized a valuation allowance of $219 million during the twelve months ended December 31, 2024, to write down the disposal group to fair value, less costs to sell. The carrying value is based on the use of estimates and is subject to change based on future developments leading up to the closing date of a sale, and actual amounts realized upon sale may vary from those recorded as of December 31, 2024. The following table summarizes the assets and liabilities classified as held for sale in the Consolidated Balance Sheet: December 31, 2024Assets held for saleAccounts receivable$174 Inventories197 Other current assets29 Investments and long-term receivables4 Property, plant and equipment—net155 Goodwill411 Other intangible assets—net597 Other assets17 Valuation allowance on assets held for sale(219)Total Assets held for sale$1,365 Liabilities held for saleAccounts payable$152 Accrued liabilities110 Deferred income taxes124 Other liabilities22 Total Liabilities held for sale$408

55Consolidated Statement of Operations56Consolidated Statement of Comprehensive Income57Consolidated Balance Sheet58Consolidated Statement of Cash Flows59Consolidated Statement of Shareowners' Equity60Note 1. Summary of Significant Accounting Policies65Note 2. Acquisitions, Divestitures, and Discontinued Operations71Note 3. Revenue Recognition and Contracts with Customers74Note 4. Repositioning and Other (Gains) Charges76Note 5. Income Taxes81Note 6. Inventories81Note 7. Property, Plant and Equipment—Net82Note 8. Goodwill and Other Intangible Assets—Net83Note 9. Debt and Credit Agreements85Note 10. Leases88Note 11. Derivative Instruments and Hedging Transactions91Note 12. Fair Value Measurements93Note 13. Accrued Liabilities93Note 14. Other Liabilities94Note 15. Stock-Based Compensation Plans97Note 16. Earnings Per Share98Note 17. Accumulated Other Comprehensive Loss100Note 18. Capital Stock101Note 19. Commitments and Contingencies106Note 20. Pension and Other Postretirement Benefits116Note 21. Other (Income) Expense116Note 22. Segment Financial Data119Note 23. Geographic Areas—Financial Data119Note 24. Supplemental Cash Flow Information120Note 25. Unaudited Quarterly Financial Information121Report of Independent Registered Public Accounting Firm 55 Consolidated Statement of Operations 56 Consolidated Statement of Comprehensive Income 57 Consolidated Balance Sheet 58 Consolidated Statement of Cash Flows 59 Consolidated Statement of Shareowners' Equity 60 Note 1. Summary of Significant Accounting Policies 65 Note 2. Acquisitions, Divestitures, and Discontinued Operations 71 Note 3. Revenue Recognition and Contracts with Customers 74 Note 4. Repositioning and Other (Gains) Charges 76 Note 5. Income Taxes 81 Note 6. Inventories 81 Note 7. Property, Plant and Equipment—Net 82 Note 8. Goodwill and Other Intangible Assets—Net 83 Note 9. Debt and Credit Agreements 85 Note 10. Leases 88 Note 11. Derivative Instruments and Hedging Transactions 91 Note 12. Fair Value Measurements 93 Note 13. Accrued Liabilities 93 Note 14. Other Liabilities 94 Note 15. Stock-Based Compensation Plans 97 Note 16. Earnings Per Share 98 Note 17. Accumulated Other Comprehensive Loss 100 Note 18. Capital Stock 101 Note 19. Commitments and Contingencies 106 Note 20. Pension and Other Postretirement Benefits 116 Note 21. Other (Income) Expense 116 Note 22. Segment Financial Data 119 Note 23. Geographic Areas—Financial Data 119 Note 24. Supplemental Cash Flow Information 120 Note 25. Unaudited Quarterly Financial Information 121 Report of Independent Registered Public Accounting Firm 54 Honeywell International Inc. 54 Honeywell International Inc. 54 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

52Consolidated Statement of Operations53Consolidated Statement of Comprehensive Income54Consolidated Balance Sheet55Consolidated Statement of Cash Flows56Consolidated Statement of Shareowners' Equity57Note 1. Summary of Significant Accounting Policies62Note 2. Acquisitions, Divestitures, and Assets and Liabilities Held for Sale66Note 3. Revenue Recognition and Contracts with Customers69Note 4. Repositioning and Other Charges72Note 5. Income Taxes76Note 6. Inventories76Note 7. Property, Plant and Equipment—Net77Note 8. Goodwill and Other Intangible Assets—Net78Note 9. Long-term Debt and Credit Agreements80Note 10. Leases82Note 11. Derivative Instruments and Hedging Transactions85Note 12. Fair Value Measurements87Note 13. Accrued Liabilities87Note 14. Other Liabilities88Note 15. Stock-Based Compensation Plans91Note 16. Earnings Per Share92Note 17. Accumulated Other Comprehensive Loss94Note 18. Capital Stock95Note 19. Commitments and Contingencies100Note 20. Pension and Other Postretirement Benefits110Note 21. Other (Income) Expense110Note 22. Segment Financial Data113Note 23. Geographic Areas—Financial Data113Note 24. Supplemental Cash Flow Information114Report of Independent Registered Public Accounting Firm 52 Consolidated Statement of Operations 53 Consolidated Statement of Comprehensive Income 54 Consolidated Balance Sheet 55 Consolidated Statement of Cash Flows 56 Consolidated Statement of Shareowners' Equity 57 Note 1. Summary of Significant Accounting Policies 62 Note 2. Acquisitions, Divestitures, and Assets and Liabilities Held for Sale 66 Note 3. Revenue Recognition and Contracts with Customers 69 Note 4. Repositioning and Other Charges 72 Note 5. Income Taxes 76 Note 6. Inventories 76 Note 7. Property, Plant and Equipment—Net 77 Note 8. Goodwill and Other Intangible Assets—Net 78 Note 9. Long-term Debt and Credit Agreements 80 Note 10. Leases 82 Note 11. Derivative Instruments and Hedging Transactions 85 Note 12. Fair Value Measurements 87 Note 13. Accrued Liabilities 87 Note 14. Other Liabilities 88 Note 15. Stock-Based Compensation Plans 91 Note 16. Earnings Per Share 92 Note 17. Accumulated Other Comprehensive Loss 94 Note 18. Capital Stock 95 Note 19. Commitments and Contingencies 100 Note 20. Pension and Other Postretirement Benefits 110 Note 21. Other (Income) Expense 110 Note 22. Segment Financial Data 113 Note 23. Geographic Areas—Financial Data 113 Note 24. Supplemental Cash Flow Information 114 Report of Independent Registered Public Accounting Firm 51 Honeywell International Inc. 51 Honeywell International Inc. 51 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Pension ongoing income for our world-wide pension plans is expected to be approximately $665 million in 2026 compared with Pension ongoing income of $544 million in 2025. Also, if required, a MTM Adjustment will be recorded in the fourth quarter of 2026 in accordance with our pension accounting method as previously described. It is difficult to reliably forecast or predict whether there will be a MTM Adjustment in 2026, and if one is required, what the magnitude of such adjustment will be. MTM Adjustments are primarily driven by events and circumstances beyond the control of the Company such as changes in interest rates and the performance of the financial markets. Contingent Liabilities—We are subject to, and in the future may become subject to, a number of lawsuits, investigations, and claims (some of which involve substantial dollar amounts) arising out of the conduct of our business operations or those of previously owned entities, including matters relating to commercial transactions, government contracts, product liability, the integration of emerging technologies (such as, but not limited to, artificial intelligence and machine learning), prior acquisitions and divestitures, employment, employee benefit plans, intellectual property, legal, and environmental, health, and safety matters. We continually assess the likelihood of any adverse judgments or outcomes to our contingencies, as well as potential amounts or ranges of probable losses, and recognize a liability, if any, for these contingencies based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts. Such analysis includes making judgments concerning matters such as the costs associated with environmental matters, the outcome of negotiations, and the impact of evidentiary requirements. Because most contingencies are resolved over long periods of time, liabilities may change in the future due to new developments (including new discovery of facts, changes in legislation, and outcomes of similar cases through the judicial system), changes in assumptions, or changes in our settlement strategy. See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for a discussion of management’s judgment applied in the recognition and measurement of our environmental and asbestos liabilities, which represent our most significant contingencies.

Pension ongoing income for our world-wide pension plans is expected to be approximately $542 million in 2025 compared with Pension ongoing income of $592 million in 2024. Also, if required, a MTM Adjustment will be recorded in the fourth quarter of 2025 in accordance with our pension accounting method as previously described. It is difficult to reliably forecast or predict whether there will be a MTM Adjustment in 2025, and if one is required, what the magnitude of such adjustment will be. MTM Adjustments are primarily driven by events and circumstances beyond the control of the Company such as changes in interest rates and the performance of the financial markets. Asbestos-Related Liabilities and Insurance Recoveries—The recognition of asbestos-related liabilities relates to a predecessor company, Bendix Friction Materials (Bendix). For Bendix asbestos-related claims, we accrue for the estimated value of pending claims using average resolution values over a defined look-back period. We also accrue for the estimated value of future claims related to Bendix over the full term of epidemiological disease projection through 2059 based on historic and anticipated claims filing experience and dismissal rates, disease classifications, and average resolution values in the tort system over a defined look-back period. We review our valuation assumptions and average resolution values used to estimate the cost of Bendix asserted and unasserted claims during the fourth quarter of each year. In connection with the recognition of liabilities for asbestos-related matters, we record asbestos-related insurance recoveries that are deemed probable. In assessing the probability of insurance recovery, we make judgments concerning insurance coverage that we believe are reasonable and consistent with our historical dealings and our knowledge of any pertinent solvency issues surrounding insurers. While the substantial majority of our insurance carriers are solvent, some of our individual carriers are insolvent, which was considered in our analysis of probable recoveries. Projecting future events is subject to various uncertainties that could cause the insurance recovery on asbestos-related liabilities to be higher or lower than that projected and recorded. Given the inherent uncertainty in making future projections, we reevaluate our projections concerning our probable insurance recoveries considering any changes to the projected liability, our recovery experience or other relevant factors that may impact future insurance recoveries. See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for a discussion of management’s judgments applied in the recognition and measurement of our asbestos-related liabilities and related insurance recoveries. 44 Honeywell International Inc. 44 Honeywell International Inc. 44 Honeywell International Inc. TABLE OF CONTENTSCRITICAL ACCOUNTING ESTIMATES TABLE OF CONTENTSCRITICAL ACCOUNTING ESTIMATES TABLE OF CONTENTS Contingent Liabilities—We are subject to a number of lawsuits, investigations, and claims (some of which involve substantial dollar amounts) arising out of the conduct of our business operations or those of previously owned entities, including matters relating to commercial transactions, government contracts, product liability (including asbestos), prior acquisitions and divestitures, employee benefit plans, intellectual property, legal, and environmental, health, and safety matters. We continually assess the likelihood of any adverse judgments or outcomes to our contingencies, as well as potential amounts or ranges of probable losses, and recognize a liability, if any, for these contingencies based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts. Such analysis includes making judgments concerning matters such as the costs associated with environmental matters, the outcome of negotiations, the number and cost of pending and future asbestos claims, and the impact of evidentiary requirements. Because most contingencies are resolved over long periods of time, liabilities may change in the future due to new developments (including new discovery of facts, changes in legislation, and outcomes of similar cases through the judicial system), changes in assumptions, or changes in our settlement strategy. See Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for a discussion of management’s judgment applied in the recognition and measurement of our environmental and asbestos liabilities, which represent our most significant contingencies.

Year Ended December 31, 2024Net SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOtherIncome (Expense)Interest and OtherFinancial Charges$34,717 $15,017 $6,343 $5,235 $843 $1,048 Gain (loss) on cash flow hedgesForeign currency exchange contractsAmount reclassified from accumulated other comprehensive loss into income2 — — 5 — — Gain (loss) on fair value hedgesInterest rate swap agreementsHedged items— — — — — (30)Derivatives designated as hedges— — — — — 30 Gain (loss) on derivatives not designated as hedging instrumentsForeign currency exchange contracts— — — — 147 — Cost of

Year Ended December 31, 2023Net SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial Charges$36,662 $16,977 $6,018 $5,127 $(840)$765 Gain (loss) on cash flow hedgesForeign currency exchange contractsAmount reclassified from accumulated other comprehensive loss into income15 28 10 10 — — Gain (loss) on fair value hedgesInterest rate swap agreementsHedged items— — — — — (121)Derivatives designated as hedges— — — — — 121 Gain (loss) on derivatives not designated as hedging instrumentsForeign currency exchange contracts— — — — (116)— Cost of

Years Ended December 31,202420232022U.S.$2,143 $2,368 $3,305 Non-U.S.5,070 4,791 3,074 Total Income before taxes$7,213 $7,159 $6,379

On December 14, 2022, HWI, the reorganized and renamed entity that emerged from the NARCO bankruptcy, entered into a definitive agreement (Sale Agreement) pursuant to which an affiliate of Platinum Equity, LLC agreed to acquire HWI (HWI Sale) subject to the terms set forth in the Sale Agreement, including customary conditions to closing set forth therein. In accordance with the Amended Buyout Agreement, the economic rights of the Trust in respect of the net proceeds from the HWI Sale inure to the benefit of Honeywell. On January 30, 2023, the Company paid the Buyout Amount to the Trust, the parties closed the transactions contemplated in the Amended Buyout Agreement (Closing), and Honeywell was released from the Honeywell Obligations. Honeywell continues to have the right to collect proceeds in connection with its NARCO asbestos-related insurance policies. With the issuance of the Order, the Company derecognized the NARCO asbestos-related liability of $688 million from the Consolidated Balance Sheet and recognized a charge of $1.325 billion in the Consolidated Statement of Operations and accrued a corresponding liability in the Consolidated Balance Sheet for the Buyout Amount. In addition, the Company recognized a benefit of $295 million in the Consolidated Statement of Operations and corresponding asset in Other current assets in the Consolidated Balance Sheet for Honeywell's rights to the proceeds from the HWI Sale. The benefit of $295 million offset the charge for the Buyout Amount. On February 16, 2023, the HWI Sale closed. Pursuant to the Amended Buyout Agreement, during 2025, 2024 and 2023, Honeywell received $2 million, $3 million and $275 million of proceeds from the HWI sale, respectively. Bendix Products – Bendix manufactured automotive brake linings that contained chrysotile asbestos in an encapsulated form. Claimants consist largely of individuals who allege exposure to asbestos from brakes from either performing or being in the vicinity of individuals who performed brake replacements. As of December 31, 2024, the Consolidated Financial Statements reflected an estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims, which excluded the Company’s ongoing legal fees to defend such asbestos claims which will continue to be expensed as they are incurred. The Company reflected the inclusion of all years of epidemiological disease projection through 2059 when estimating the liability for unasserted Bendix-related asbestos claims. Such liability for unasserted Bendix-related asbestos claims was based on historic and anticipated claims filing experience and dismissal rates, disease classifications, and average resolution values in the tort system over a defined look-back period. The Company valued Bendix asserted and unasserted claims using average resolution values for the previous two years. The Company reviewed the valuation assumptions and average resolution values used to estimate the cost of Bendix asserted and unasserted claims during the fourth quarter each year. In 2023, the Company recognized a $522 million expense and corresponding adjustment to its estimated liability for Bendix asbestos-related claims. This amount included $434 million attributable primarily to shortening the look-back period to the two most recent years, and to a lesser extent to increasing expected resolution values for a subset of asserted claims to adjust for higher claim values in that subset than in the modelled two-year data set. The Company's insurance receivable corresponding to the liability for settlement of asserted and unasserted Bendix asbestos claims reflects coverage which is provided by a large number of insurance policies written by dozens of insurance companies in both the domestic insurance market and the London excess market. Based on the Company's ongoing analysis of the probable insurance recovery, insurance receivables are recorded in the financial statements simultaneous with the recording of the estimated liability for the underlying asbestos claims. This determination is based on the Company's analysis of the underlying insurance policies, historical experience with insurers, ongoing review of the solvency of insurers, judicial determinations relevant to insurance programs, and consideration of the impacts of any settlements reached with the Company's insurers.

On January 30, 2023, the Company paid the Buyout Amount to the Trust, the parties closed the transactions contemplated in the Amended Buyout Agreement (Closing), and Honeywell was released from the Honeywell Obligations. Honeywell continues to have the right to collect proceeds in connection with its NARCO asbestos-related insurance policies. With the issuance of the Order, the Company derecognized the NARCO asbestos-related liability of $688 million from the Consolidated Balance Sheet and recognized a charge of $1.325 billion in the Consolidated Statement of Operations and accrued a corresponding liability in the Consolidated Balance Sheet for the Buyout Amount. In addition, the Company recognized a benefit of $295 million in the Consolidated Statement of Operations and corresponding asset in Other current assets in the Consolidated Balance Sheet for Honeywell's rights to the proceeds from the HWI Sale. The benefit of $295 million offset the charge for the Buyout Amount. On February 16, 2023, the HWI Sale closed. Pursuant to the Amended Buyout Agreement, during 2024 and 2023, Honeywell received $3 million and $275 million of proceeds from the HWI sale, respectively. See Note 12 Fair Value Measurements for further information on the related proceeds and remaining amount under the Amended Buyout Agreement. Bendix Products – Bendix manufactured automotive brake linings that contained chrysotile asbestos in an encapsulated form. Claimants consist largely of individuals who allege exposure to asbestos from brakes from either performing or being in the vicinity of individuals who performed brake replacements. The following tables present information regarding Bendix-related asbestos claims activity:

An increasing number of our products, services, and technologies are delivered with IoT capabilities and the accompanying interconnected device networks, which include sensors, data, and advanced computing capabilities. We have developed product software designs that we believe are less susceptible to cyber-attacks, but despite these efforts, if our products and services that include IoT solutions, inclusive of artificial intelligence and machine learning technologies, do not work as intended or are compromised, the possible consequences include financial loss, reputational damage, exposure to legal claims or enforcement actions, theft of intellectual property, and diminution in the value of our investment in research, development, and engineering, which in turn could adversely affect our competitiveness and results of operations. Additionally, our ability to continue to develop or use certain technologies may depend on our access to technology offered by third-party software and infrastructure providers, including those that provide hardware or artificial intelligence models, and we cannot control the quality, availability, or cost of these offerings. 35 Honeywell International Inc. 35 Honeywell International Inc. 35 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS Emerging cybersecurity regulations (including the EU Cyber Resilience Act) increasingly mandate rigorous cybersecurity standards for our products and services. These mandates may increase our operational costs by requiring additional investment in secure product development, vulnerability management, and product lifecycle management. Adapting our diverse portfolio to meet these requirements may require costly product redesigns, delay market entry for new solutions, or necessitate strategic retirement of legacy offerings. Failure to meet these standards could result in significant financial penalties, restricted market access, and reputational harm that could adversely affect our competitive position and financial results. Moreover, beyond the regulations generally applicable to data collection and use, technologies such as artificial intelligence and machine learning may introduce novel compliance, security, and operational risks due to the rapidly evolving legal and regulatory environment, both in the United States and internationally, surrounding the development, sale and use of these technologies. Governments globally—including through frameworks such as the EU AI Act, the Colorado Artificial Intelligence Act, and the California AI Transparency Act—are adopting rules that impose heightened transparency, risk‑management, monitoring, and human‑oversight obligations. As these frameworks develop, we may be required to modify our practices, contracts, or products. Their ultimate impact is uncertain, and additional jurisdictions may adopt similar requirements. Failure to comply could result in regulatory scrutiny, fines, or reputational harm.

An increasing number of our products, services, and technologies are delivered with IoT capabilities and the accompanying interconnected device networks, which include sensors, data, and advanced computing capabilities. We have developed product software designs that we believe are less susceptible to cyber-attacks, but despite these efforts, if our products and services that include IoT solutions, inclusive of artificial intelligence and machine learning technologies, do not work as intended or are compromised, the possible consequences include financial loss, reputational damage, exposure to legal claims or enforcement actions, theft of intellectual property, and diminution in the value of our investment in research, development, and engineering, which in turn could adversely affect our competitiveness and results of operations.

Total3 Sales between geographic areas approximate market value and are not significant. Net sales are classified according to their country of origin. Included in United States Net sales are export sales of $7,895 million, $4,760 million, and $4,134 million for the years ended December 31, 2025, 2024, and 2023, respectively. Long-lived assets consists of Property, plant and equipment—net. As of December 31, 2025 and 2024, total long-lived assets excludes $153 million and $155 million, respectively, that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. NOTE 24. SUPPLEMENTAL CASH FLOW INFORMATION Years Ended December 31,202520242023Net payments for repositioning and other chargesSeverance and exit cost payments$(153)$(189)$(280)Environmental payments(175)(221)(196)Reimbursement receipts105 140 140 Insurance receipts for asbestos-related liabilities17 24 39 Insurance receivables settlements, write-offs, and other— 9 26 Asbestos-related liability payments(172)(233)(174)Total net payments for repositioning and other charges$(378)$(470)$(445)Interest paid, net of amounts capitalized1$1,300 $869 $649 Income taxes paid, net of refunds11,798 1,689 1,581 Non-cash investing and financing activitiesCommon stock contributed to savings plans1276 225 216 1Amounts include both continuing and discontinued operations. Interest paid, net of amounts capitalized1 Income taxes paid, net of refunds1 Common stock contributed to savings plans1 Amounts include both continuing and discontinued operations. 119 Honeywell International Inc. 119 Honeywell International Inc. 119 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Total3 Sales between geographic areas approximate market value and are not significant. Net sales are classified according to their country of origin. Included in United States Net sales are export sales of $5,441 million, $4,708 million, and $4,187 million for the years ended December 31, 2024, 2023, and 2022, respectively. Long-lived assets consists of Property, plant and equipment—net. As of December 31, 2024, total long-lived assets excludes $155 million that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. NOTE 24. SUPPLEMENTAL CASH FLOW INFORMATION Years Ended December 31,202420232022Net payments for repositioning and other chargesSeverance and exit cost payments$(195)$(294)$(275)Environmental payments(224)(196)(211)Reimbursement receipts140 140 140 Insurance receipts for asbestos-related liabilities24 39 37 Insurance receivables settlements, write-offs, and other9 26 68 Asbestos-related liability payments(233)(174)(271)Total net payments for repositioning and other charges$(479)$(459)$(512)Interest paid, net of amounts capitalized$869 $649 $375 Income taxes paid, net of refunds1,689 1,581 1,324 Non-cash investing and financing activitiesCommon stock contributed to savings plans225 216 196 113 Honeywell International Inc. 113 Honeywell International Inc. 113 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

The Company is authorized to issue up to 40.0 million shares of preferred stock, without par value, and can determine the number of shares of each series, and the rights, preferences, and limitations of each series. At December 31, 2025, there was no preferred stock outstanding. 100 Honeywell International Inc. 100 Honeywell International Inc. 100 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

94 Honeywell International Inc. 94 Honeywell International Inc. 94 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

On February 6, 2025, the Company announced its intention to pursue a separation of Honeywell from Honeywell Aerospace, into independent, U.S. publicly traded companies, which is expected to be completed in the third quarter of 2026. The planned separation is intended to be a tax-free separation to Honeywell shareowners for U.S. federal income tax purposes. The separation will be subject to the satisfaction of a number of customary conditions, including, among others, the filing and effectiveness of applicable filings (including a Form 10 registration statement that includes required financial statements) with the SEC, assurance that the separation of the businesses will be tax-free to Honeywell’s shareowners, receipt of applicable regulatory approvals, and final approval by Honeywell’s Board of Directors. The proposed separation is complex in nature, and may be affected by unanticipated developments, credit and equity markets, or changes in market conditions. NOTE 3. REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS The Company has a comprehensive offering of products and services, including software and technologies, that are sold to a variety of customers in multiple end markets. See the following disaggregated revenue table and related discussions by reportable business segment for details: Years Ended December 31, 202520242023Aerospace Technologies Commercial Aviation Original Equipment$2,513 $2,223 $2,397 Commercial Aviation Aftermarket7,777 7,144 6,241 Defense and Space7,220 6,091 4,986 Net Aerospace Technologies sales17,510 15,458 13,624 Industrial AutomationSensing and Safety Technologies1,171 1,824 1,983 Productivity Solutions and Services1,132 1,202 1,313 Process Solutions6,165 6,111 6,017 Warehouse and Workflow Solutions933 914 1,443 Net Industrial Automation sales9,401 10,051 10,756 Building AutomationProducts4,480 3,868 3,583 Building Solutions2,887 2,672 2,448 Net Building Automation sales7,367 6,540 6,031 Energy and Sustainability SolutionsUOP3,134 2,644 2,586 Net Energy and Sustainability Solutions sales3,134 2,644 2,586 Corporate and All Other30 24 12 Net sales$37,442 $34,717 $33,009 Aerospace Technologies – A global supplier of products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets including commercial air transport, business aviation, airlines, aircraft operators, and defense and space primes and U.S. government. Aerospace Technologies products and services include auxiliary power units, propulsion engines, environmental control systems, integrated avionics, connectivity services, electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, management and technical services, advanced systems and instruments, satellite and space components, aircraft wheels and brakes, and thermal systems. Aerospace Technologies also provides spare parts, repair, overhaul, and maintenance services (principally to aircraft operators), and sells licenses or intellectual property to other parties. Honeywell Forge solutions enable customers to turn data into predictive maintenance and predictive analytics to enable better fleet management and make flight operations more efficient. 71 Honeywell International Inc. 71 Honeywell International Inc. 71 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

NOTE 3. REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS The Company has a comprehensive offering of products and services, including software and technologies, that are sold to a variety of customers in multiple end markets. See the following disaggregated revenue table and related discussions by reportable business segment for details: Years Ended December 31, 202420232022Aerospace Technologies Commercial Aviation Original Equipment$2,223 $2,397 $2,089 Commercial Aviation Aftermarket7,144 6,241 5,108 Defense and Space6,091 4,986 4,630 Net Aerospace Technologies sales15,458 13,624 11,827 Industrial AutomationSensing and Safety Technologies1,824 1,983 2,145 Productivity Solutions and Services1,202 1,313 1,739 Process Solutions6,111 6,017 5,446 Warehouse and Workflow Solutions914 1,443 2,308 Net Industrial Automation sales10,051 10,756 11,638 Building AutomationProducts3,868 3,583 3,638 Building Solutions2,672 2,448 2,362 Net Building Automation sales6,540 6,031 6,000 Energy and Sustainability SolutionsUOP2,644 2,586 2,404 Advanced Materials3,781 3,653 3,592 Net Energy and Sustainability Solutions sales6,425 6,239 5,996 Corporate and All Other24 12 5 Net sales$38,498 $36,662 $35,466 In April 2024, the Company realigned certain business units within the Industrial Automation reportable business segment. The gas detection business moved from the Sensing and Safety Technologies business unit to the Process Solutions business unit to align with the process measurement controls business. The Company recast historical periods to reflect this realignment. Aerospace Technologies – A global supplier of products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, and defense and space contractors. Aerospace Technologies products and services include auxiliary power units, propulsion engines, environmental control systems, integrated avionics, wireless connectivity services, electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, management and technical services, advanced systems and instruments, satellite and space components, aircraft wheels and brakes, and thermal systems. Aerospace Technologies also provides spare parts, repair, overhaul, and maintenance services (principally to aircraft operators), and sells licenses or intellectual property to other parties. Honeywell Forge solutions enable customers to turn data into predictive maintenance and predictive analytics to enable better fleet management and make flight operations more efficient. 66 Honeywell International Inc. 66 Honeywell International Inc. 66 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Year Ended December 31, 2023Net SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOtherIncome (Expense)Interest and OtherFinancial Charges$33,009 $14,836 $5,801 $4,887 $830 $749 Gain (loss) on cash flow hedgesForeign currency exchange contractsAmount reclassified from accumulated other comprehensive loss into income15 26 10 10 — — Gain (loss) on fair value hedgesInterest rate swap agreementsHedged items— — — — — (121)Derivatives designated as hedges— — — — — 121 Gain (loss) on derivatives not designated as hedging instrumentsForeign currency exchange contracts— — — — (110)— Cost of

Year Ended December 31, 2022Net SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial Charges$35,466 $16,955 $5,392 $5,214 $(366)$414 Gain (loss) on cash flow hedgesForeign currency exchange contractsAmount reclassified from accumulated other comprehensive loss into income13 50 14 (3)— — Commodity contractsAmount reclassified from accumulated other comprehensive loss into income— (2)— — — — Gain (loss) on fair value hedgesInterest rate swap agreementsHedged items— — — — — 347 Derivatives designated as hedges— — — — — (347)Gain (loss) on net investment hedgesForeign currency exchange contractsAmount excluded from effectiveness testing recognized in earnings using an amortization approach— — — — — 13 Gain (loss) on derivatives not designated as hedging instrumentsForeign currency exchange contracts— — — — 351 — Cost of

1 As of December 31, 2025 and 2024, Total Inventories excludes $394 million and $197 million, respectively, that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. NOTE 7. PROPERTY, PLANT AND EQUIPMENT—NET December 31,20252024Land and improvements$177 $192 Machinery and equipment8,095 7,724 Buildings and improvements3,024 3,031 Construction in progress764 764 Total Property, plant and equipment12,060 11,711 Less: Accumulated depreciation7,431 7,254 Total Property, plant and equipment—net1$4,629 $4,457 1As of December 31, 2025 and 2024, Total Property, plant and equipment—net excludes $153 million and $155 million, respectively, that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.

1 As of December 31, 2024, Total Inventories excludes $197 million that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. NOTE 7. PROPERTY, PLANT AND EQUIPMENT—NET December 31,20242023Land and improvements$216 $211 Machinery and equipment10,965 10,717 Buildings and improvements3,658 3,528 Construction in progress1,013 878 Total Property, plant and equipment15,852 15,334 Less: Accumulated depreciation9,658 9,674 Total Property, plant and equipment—net1$6,194 $5,660 1As of December 31, 2024, Total Property, plant and equipment—net excludes $155 million that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.

The diluted earnings per share calculations exclude the effect of stock options when the cost to exercise an option exceeds the average market price of the common shares during the period. In 2025, 2024, and 2023, the weighted average number of stock options excluded from the computations was 2.9 million, 3.9 million, and 4.5 million, respectively. These stock options were outstanding at the end of each of the respective periods. As of December 31, 2025, and 2024, the total shares outstanding were 635.3 million and 649.8 million, respectively, and as of December 31, 2025, and 2024, total shares issued were 957.6 million. 97 Honeywell International Inc. 97 Honeywell International Inc. 97 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

NOTE 16. EARNINGS PER SHARE The details of the earnings per share calculations for the years ended December 31, 2024, 2023, and 2022, are as follows (shares in millions): BasicYears Ended December 31,202420232022Net income attributable to Honeywell$5,705 $5,658 $4,966 Weighted average shares outstanding650.9 663.0 677.1 Earnings per share of common stock—basic$8.76 $8.53 $7.33 Assuming DilutionYears Ended December 31,202420232022Net income attributable to Honeywell$5,705 $5,658 $4,966 Average sharesWeighted average shares outstanding650.9 663.0 677.1 Dilutive securities issuable—stock plans4.4 5.2 6.0 Total weighted average diluted shares outstanding655.3 668.2 683.1 Earnings per share of common stock—assuming dilution$8.71 $8.47 $7.27 The diluted earnings per share calculations exclude the effect of stock options when the cost to exercise an option exceeds the average market price of the common shares during the period. In 2024, 2023, and 2022, the weighted average number of stock options excluded from the computations was 3.9 million, 4.5 million, and 3.5 million, respectively. These stock options were outstanding at the end of each of the respective periods. As of December 31, 2024, and 2023, the total shares outstanding were 649.8 million and 651.8 million, respectively, and as of December 31, 2024, and 2023, total shares issued were 957.6 million. 91 Honeywell International Inc. 91 Honeywell International Inc. 91 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

76 Honeywell International Inc. 76 Honeywell International Inc. 76 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

72 Honeywell International Inc. 72 Honeywell International Inc. 72 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

An impairment charge of $44 million and $48 million was recorded on indefinite-lived intangible assets related to the Industrial Automation business and personal protective equipment business during the years ended December 31, 2025 and 2024, respectively. As of December 31, 2025 and 2024, Total Other intangible assets—net excludes net carrying amount of $262 million and $597 million, respectively, that is included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. Intangible assets amortization expense includes $570 million, $411 million, and $290 million for the years ended December 31, 2025, 2024, and 2023, respectively. Estimated future intangible asset amortization expense for each of the next five years for intangible assets recorded as of December 31, 2025, is as follows: December 31, 20252026$599 2027598 2028584 2029571 2030549 82 Honeywell International Inc. 82 Honeywell International Inc. 82 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

1 As of December 31, 2024, Total Other intangible assets—net excludes net carrying amount of $116 million of customer relationships and net carrying amount of $481 million of indefinite-life trademarks that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. 2 An impairment charge of $48 million was recorded on indefinite-lived intangible assets related to the personal protective equipment business during year ended December 31, 2024. Intangible assets amortization expense includes $415 million, $292 million, and $333 million for the years ended December 31, 2024, 2023, and 2022, respectively. Estimated future intangible asset amortization expense for each of the next five years for intangible assets recorded as of December 31, 2024, is as follows: December 31, 20242025$484 2026495 2027504 2028495 2029481 77 Honeywell International Inc. 77 Honeywell International Inc. 77 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

NOTE 21. OTHER (INCOME) EXPENSE Years Ended December 31,202520242023Interest income$(369)$(430)$(321)Pension ongoing income—non-service(454)(526)(435)Other postretirement income—non-service(15)(11)(29)Equity income of affiliated companies(44)(47)(82)Gain on Resideo indemnification and reimbursement agreement termination(802)— — Loss (gain) on sale of non-strategic businesses and assets31 1 (5)Foreign exchange (income) loss(48)45 (1)Divestiture-related costs1415 — — Acquisition-related costs43 44 7 Expense (benefit) related to Russia-Ukraine conflict— 17 (3)Net expense related to the NARCO Buyout and HWI Sale— — 11 Other, net(4)64 28 Total Other (income) expense$(1,247)$(843)$(830)1Includes divestiture, spin-off, and separation costs. Foreign exchange (income) loss Divestiture-related costs1 See Note 19 Commitments and Contingencies for more information on the gain related to the Resideo indemnification and reimbursement agreement termination. See Note 4 Repositioning and Other Charges for further discussion of the expense related to the Russia-Ukraine conflict. NOTE 22. SEGMENT FINANCIAL DATA Honeywell globally manages its business operations through four reportable business segments. Segment information is consistent with how the Chairman and Chief Executive Officer, who is the Company's chief operating decision maker, and management reviews the businesses, makes investing and resource allocation decisions, and assesses operating performance. Honeywell’s senior management evaluates segment performance based on segment profit. Each segment’s profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, interest and other financial charges, interest income, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs, impairment of goodwill, impairment of assets held for sale, stock compensation expense, pension and other postretirement income (expense), repositioning and other (gains) charges, and other items within Other (income) expense. In October 2025, the Company announced a planned realignment, expected to be effective in the first quarter of 2026, of its business units comprising its Industrial Automation and Energy and Sustainability Solutions reportable business segments. This realignment will form a new reportable business segment, Process Automation and Technology, and result in a new composition of its Industrial Automation reportable business segment. Process Automation and Technology will be comprised of UOP, which is currently in Energy and Sustainability Solutions, and the core portion of the Process Solutions business, which is currently in Industrial Automation. The new composition of Industrial Automation will continue to include the smart energy, thermal solutions, and process measurement and control businesses, currently included in the Process Solutions business, as well as the Sensing and Safety Technologies, Warehouse and Workflow Solutions, and Productivity Solutions and Services businesses. Following the realignment, the Company’s reportable business segments will be Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. The realignment will not impact the Company’s historical consolidated financial position, results of operations, or cash flows. The Company expects to report its financial performance based on this realignment effective with the first quarter of 2026. 116 Honeywell International Inc. 116 Honeywell International Inc. 116 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

NOTE 21. OTHER (INCOME) EXPENSE Years Ended December 31,202420232022Interest income$(426)$(321)$(138)Pension ongoing income—non-service(531)(441)(602)Other postretirement income—non-service(11)(29)(41)Equity income of affiliated companies(65)(100)(61)Loss (gain) on sale of non-strategic businesses and assets1 (5)(22)Foreign exchange loss56 9 48 Expense related to UOP Matters— — 45 Expense (benefit) related to Russia-Ukraine conflict17 (3)45 Net expense related to the NARCO Buyout and HWI Sale— 11 342 Other, net129 39 18 Total Other (income) expense$(830)$(840)$(366) See Note 19 Commitments and Contingencies for more information on the UOP Matters, NARCO Buyout, and HWI Sale. See Note 4 Repositioning and Other Charges for further discussion of the expense related to the Russia-Ukraine conflict. NOTE 22. SEGMENT FINANCIAL DATA Honeywell globally manages its business operations through four reportable business segments. Segment information is consistent with how the Chairman and Chief Executive Officer, who is the Company's chief operating decision maker, and management reviews the businesses, makes investing and resource allocation decisions, and assesses operating performance. Effective during the first quarter of 2024, the Company realigned certain of its business units comprising its historical Performance Materials and Technologies and Safety and Productivity Solutions reportable business segments by forming two new reportable business segments: Industrial Automation and Energy and Sustainability Solutions. Industrial Automation includes Sensing and Safety Technologies, Productivity Solutions and Services, and Warehouse and Workflow Solutions, previously included in Safety and Productivity Solutions, in addition to Process Solutions, previously included in Performance Materials and Technologies. Energy and Sustainability Solutions includes UOP and Advanced Materials, previously included in Performance Materials and Technologies. Further, as part of the realignment, the Company renamed its historical Aerospace and Honeywell Building Technologies reportable business segments to Aerospace Technologies and Building Automation, respectively. This realignment had no impact on the Company's historical consolidated financial position, results of operations, or cash flows. Prior period amounts have been recast to conform to current period segment presentation. Effective during the second quarter of 2024, the Company updated its calculation of segment profit to exclude the impact of amortization expense for acquisition-related intangible assets and certain acquisition-related costs. The Company recast historical periods to reflect segment profit under this new basis to facilitate comparability. In the third quarter of 2024, the Company clarified its calculation of segment profit to exclude divestiture-related costs and impairments. Honeywell’s senior management evaluates segment performance based on segment profit. Each segment’s profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, interest and other financial charges, interest income, acquisition-related intangibles, impairment of assets held for sale, stock compensation expense, pension and other postretirement income (expense), repositioning and other charges, and other items within Other (income) expense. 110 Honeywell International Inc. 110 Honeywell International Inc. 110 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Supplemental balance sheet information related to leases was as follows:December 31,20252024Operating leasesOther assets1$876 $936 Accrued liabilities$174 $176 Other liabilities809 863 Total operating lease liabilities2$983 $1,039 Finance leasesProperty, plant and equipment$171 $196 Accumulated depreciation(110)(107)Property, plant and equipment—net$61 $89 Current maturities of long-term debt$37 $47 Long-term debt27 46 Total finance lease liabilities$64 $93 Weighted average remaining lease termOperating leases8 years9 yearsFinance leases2 years2 yearsWeighted average discount rateOperating leases4.3 %3.4 %Finance leases4.5 %4.2 %1As of December 31, 2025 2024, Other assets excludes $88 million and $16 million, respectively, of right-of-use assets related to operating leases that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.2As of December 31, 2025, Total operating lease liabilities excludes $13 million and $81 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. As of December 31, 2024, Total operating lease liabilities excludes $5 million and $11 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.

Supplemental cash flow information related to leases was as follows: Years Ended December 31,202420232022Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows for operating leases$257 $237 $225 Operating cash flows for finance leases15 19 21 Financing cash flows for finance leases113 87 79 Right-of-use assets obtained in exchange for lease obligationsOperating leases$232 $339 $251 Finance leases83 42 61 Supplemental balance sheet information related to leases was as follows: December 31,20242023Operating leasesOther assets1$1,025 $1,004 Accrued liabilities$199 $196 Other liabilities927 897 Total operating lease liabilities2$1,126 $1,093 Finance leasesProperty, plant and equipment$396 $402 Accumulated depreciation(211)(204)Property, plant and equipment—net$185 $198 Current maturities of long-term debt$69 $86 Long-term debt85 99 Total finance lease liabilities$154 $185 Weighted average remaining lease termOperating leases8 years9 yearsFinance leases3 years3 yearsWeighted average discount rateOperating leases3.5 %3.0 %Finance leases5.8 %8.5 %1As of December 31, 2024, Other assets excludes $16 million of right-of-use assets related to operating leases that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.2As of December 31, 2024, Total operating lease liabilities excludes $5 million and $11 million of Accrued liabilities and Other liabilities, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.

The schedule of principal payments on long-term debt, excluding fair value of hedging instruments and debt issuance costs, is as follows: December 31, 20252026$1,546 20276,731 20281,588 20292,002 20302,830 Thereafter14,349 Total Long-term debt and current related maturities$29,046

The schedule of principal payments on long-term debt, excluding fair value of hedging instruments and debt issuance costs, is as follows: December 31, 20242025$1,347 20261,954 20273,855 20281,493 20292,007 Thereafter16,609 Total Long-term debt and current related maturities$27,265

NOTE 23. GEOGRAPHIC AREAS—FINANCIAL DATA Net Sales1Long-lived Assets2Years Ended December 31,Years Ended December 31, 202520242023202520242023United States$21,784 $19,531 $18,697 $3,192 $3,139 $2,660 Europe8,112 7,963 7,265 484 415 439 Other international7,546 7,223 7,047 952 903 932 Total3$37,442 $34,717 $33,009 $4,628 $4,457 $4,031 1Sales between geographic areas approximate market value and are not significant. Net sales are classified according to their country of origin. Included in United States Net sales are export sales of $7,895 million, $4,760 million, and $4,134 million for the years ended December 31, 2025, 2024, and 2023, respectively.2Long-lived assets consists of Property, plant and equipment—net.3As of December 31, 2025 and 2024, total long-lived assets excludes $153 million and $155 million, respectively, that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.

NOTE 23. GEOGRAPHIC AREAS—FINANCIAL DATA Net Sales1Long-lived Assets2Years Ended December 31,Years Ended December 31, 202420232022202420232022United States$21,819 $20,907 $21,262 $4,694 $4,107 $3,949 Europe8,760 8,052 6,840 533 555 537 Other international7,919 7,703 7,364 967 998 985 Total3$38,498 $36,662 $35,466 $6,194 $5,660 $5,471 1Sales between geographic areas approximate market value and are not significant. Net sales are classified according to their country of origin. Included in United States Net sales are export sales of $5,441 million, $4,708 million, and $4,187 million for the years ended December 31, 2024, 2023, and 2022, respectively.2Long-lived assets consists of Property, plant and equipment—net.3As of December 31, 2024, total long-lived assets excludes $155 million that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.

Year Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023BendixNARCOTotalBendixNARCOTotalBendixNARCOTotalBeginning of year$1,482 $— $1,482 $1,644 $— $1,644 $1,291 $1,325 $2,616 Accrual for update to estimated liability42 — 42 41 1 42 43 5 48 Change in estimated cost of future claims15 — 15 20 — 20 423 — 423 Update of expected resolution values for pending claims— — — — — — 56 — 56 Asbestos-related liability payments(161)— (161)(223)(1)(224)(169)(5)(174)Loss on asbestos liabilities divestiture148 — 148 — — — — — — Liability divestiture transaction(1,526)— (1,526)— — — — — — NARCO Buyout — — — — — — — (1,325)(1,325)End of year$— $— $— $1,482 $— $1,482 $1,644 $— $1,644 Loss on asbestos liabilities divestiture Liability divestiture transaction 102 Honeywell International Inc. 102 Honeywell International Inc. 102 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022BendixNARCOTotalBendixNARCOTotalBendixNARCOTotalBeginning of year$1,644 $— $1,644 $1,291 $1,325 $2,616 $1,372 $689 $2,061 Accrual for update to estimated liability41 1 42 43 5 48 93 (634)(541)Change in estimated cost of future claims20 — 20 423 — 423 41 — 41 Update of expected resolution values for pending claims— — — 56 — 56 1 — 1 Asbestos-related liability payments(223)(1)(224)(169)(5)(174)(216)(55)(271)NARCO Buyout — — — — (1,325)(1,325)— 1,325 1,325 End of year$1,482 $— $1,482 $1,644 $— $1,644 $1,291 $1,325 $2,616

99 Honeywell International Inc. 99 Honeywell International Inc. 99 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

93 Honeywell International Inc. 93 Honeywell International Inc. 93 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

The following table sets forth the amounts recorded in the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges:

Long-term debt Long-term debt 89 Honeywell International Inc. 89 Honeywell International Inc. 89 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Long-term debt Long-term debt The following tables summarize the location and impact to the Consolidated Statement of Operations related to derivative instruments: Year Ended December 31, 2024Net SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial Charges$38,498 $17,227 $6,609 $5,466 $(830)$1,058 Gain (loss) on cash flow hedgesForeign currency exchange contractsAmount reclassified from accumulated other comprehensive loss into income2 8 3 4 — — Gain (loss) on fair value hedgesInterest rate swap agreementsHedged items— — — — — (30)Derivatives designated as hedges— — — — — 30 Gain (loss) on derivatives not designated as hedging instrumentsForeign currency exchange contracts— — — — 105 —

90 Honeywell International Inc. 90 Honeywell International Inc. 90 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

84 Honeywell International Inc. 84 Honeywell International Inc. 84 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

EQUITY TRADING ARRANGEMENTS ELECTIONS Certain executive officers and directors of the Company may execute purchases and sales of the Company's common stock through Rule 10b5-1 and non-Rule 10b5-1 equity trading arrangements. The following table describes 10b5-1 trading arrangements adopted or modified by our executive officers and directors during the three months ended December 31, 2025: Name and titleActionPlan TypeDate of adoption of Rule 10b5-1 trading planScheduled expiration of Rule 10b5-1 trading planAggregate number of securities to be purchased or soldRobert D. Mailloux Vice President and ControllerModificationRule 10b5-18/26/20258/31/202621,097 stock options and associated sale of shares to cover option exercise costs and tax obligations.Grace LiebleinBoard MemberAdoptionRule 10b5-111/24/20257/7/20267,777 stock options and associated sale of shares to cover option exercise costs and tax obligations.Ken WestPresident and Chief Executive Officer, ESSAdoptionRule 10b5-111/24/20253/31/20273,264 restricted stock units and associated sale of shares to cover tax obligations.

EQUITY TRADING ARRANGEMENTS ELECTIONS Certain executive officers and directors of the Company may execute purchases and sales of the Company's common stock through Rule 10b5-1 and non-Rule 10b5-1 equity trading arrangements. During the three months ended December 31, 2024, none of our executive officers or directors adopted, terminated, or modified a Rule 10b5-1 trading arrangement, or adopted, terminated, or modified any "non-Rule 10b5-1 trading arrangement" (each as defined in Item 408 of Regulation S-K).

Years Ended December 31,202520242023(Dollars in millions)Cash flows from financing activitiesProceeds from issuance of commercial paper and other short-term borrowings24,297 13,838 12,991 Payments of commercial paper and other short-term borrowings(22,815)(11,578)(13,663)Proceeds from issuance of common stock237 537 196 Proceeds from issuance of long-term debt4,035 10,408 2,986 Payments of long-term debt(2,909)(1,812)(1,731)Repurchases of common stock(3,804)(1,655)(3,715)Cash dividends paid(2,976)(2,902)(2,855)Pre-separation funding1,962 — — Spin-off cash(449)— — Other469 3 28 Net cash (used for) provided by financing activities(1,953)6,839 (5,763)Effect of foreign exchange rate changes on cash and cash equivalents176 (137)14 Net increase (decrease) in cash and cash equivalents1,920 2,642 (1,702)Cash and cash equivalents at beginning of period10,567 7,925 9,627 Cash and cash equivalents at end of period$12,487 $10,567 $7,925 The Notes to Consolidated Financial Statements are an integral part of this statement.58 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.58 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 58 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

CONSOLIDATED STATEMENT OF CASH FLOWS Years Ended December 31,202420232022 (Dollars in millions)Cash flows from operating activities Net income$5,740 $5,672 $4,967 Less: Net income attributable to noncontrolling interest35 14 1 Net income attributable to Honeywell5,705 5,658 4,966 Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activitiesDepreciation671 659 657 Amortization663 517 547 Loss (gain) on sale of non-strategic businesses and assets1 (5)(22)Impairment of assets held for sale219 — — Repositioning and other charges244 860 1,266 Net payments for repositioning and other charges(479)(459)(512)NARCO Buyout payment— (1,325)— Pension and other postretirement income(476)(406)(510)Pension and other postretirement benefit payments(32)(38)(23)Stock compensation expense194 202 188 Deferred income taxes(233)153 (180)Other(617)(837)(358)Changes in assets and liabilities, net of the effects of acquisitions and divestituresAccounts receivable(96)(42)(739)Inventories(304)(626)(440)Other current assets371 17 232 Accounts payable95 518 (155)Accrued liabilities171 494 357 Net cash provided by operating activities6,097 5,340 5,274 Cash flows from investing activitiesCapital expenditures(1,164)(1,039)(766)Proceeds from disposals of property, plant and equipment— 43 29 Increase in investments(1,077)(560)(1,211)Decrease in investments870 971 1,255 Receipts from Garrett Motion Inc.— — 409 Receipts from settlements of derivative contracts94 6 369 Cash paid for acquisitions, net of cash acquired(8,880)(718)(178)Proceeds from sales of businesses, net of fees paid— 4 — Net cash used for investing activities(10,157)(1,293)(93)Cash flows from financing activitiesProceeds from issuance of commercial paper and other short-term borrowings13,838 12,991 7,661 Payments of commercial paper and other short-term borrowings(11,578)(13,663)(8,447)Proceeds from issuance of common stock537 196 320 Proceeds from issuance of long-term debt10,408 2,986 2,953 Payments of long-term debt(1,812)(1,731)(1,850)Repurchases of common stock(1,655)(3,715)(4,200)Cash dividends paid(2,902)(2,855)(2,719)Other3 28 (48)Net cash provided by (used for) financing activities6,839 (5,763)(6,330)Effect of foreign exchange rate changes on cash and cash equivalents(137)14 (183)Net increase (decrease) in cash and cash equivalents2,642 (1,702)(1,332)Cash and cash equivalents at beginning of period7,925 9,627 10,959 Cash and cash equivalents at end of period$10,567 $7,925 $9,627 The Notes to Consolidated Financial Statements are an integral part of this statement.55 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.55 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 55 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Dec. 2020Dec. 2021Dec. 2022Dec. 2023Dec. 2024Dec. 2025Honeywell$100.00 $99.71 $104.59 $104.61 $115.09 $107.80 S&P 500 Index100.00 128.71 105.40 133.10 166.40 196.16 Composite Index100.00 109.62 116.46 131.92 163.58 204.18 XLI Index100.00 121.08 114.34 135.07 158.45 189.10 Dec. 2020 Dec. 2021 Dec. 2022 Dec. 2023 Dec. 2024 Dec. 2025 53 Honeywell International Inc. 53 Honeywell International Inc. 53 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

Dec. 2019Dec. 2020Dec. 2021Dec. 2022Dec. 2023Dec. 2024Honeywell$100.00 $122.97 $122.61 $128.62 $128.65 $141.53 S&P 500 Index100.00 118.40 152.39 124.79 157.59 197.02 Composite Index100.00 98.42 107.10 110.52 128.63 163.77 XLI Index100.00 110.91 134.29 126.81 149.80 175.73 50 Honeywell International Inc. 50 Honeywell International Inc. 50 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS

NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS—NET The following table summarizes the change in the carrying amount of goodwill for the years ended December 31, 2025, and 2024, by reportable business segment: Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal GoodwillDecember 31, 2023$2,386 $9,650 $3,380 $916 $906 $17,238 Acquisitions660 — 2,827 876 — 4,363 Currency translation adjustment(18)(75)(71)— (7)(171)Reclassified to Assets held for sale— (411)— — — (411)December 31, 20243,028 9,164 6,136 1,792 899 21,019 Acquisitions(28)— 122 1,259 — 1,353 Currency translation adjustment25 312 181 1 50 569 Impairment— (724)— — — (724)Reclassified to Assets held for sale— (1,138)— — — (1,138)December 31, 2025$3,025 $7,614 $6,439 $3,052 $949 $21,079 Impairment Reclassified to Assets held for sale Other intangible assets are comprised of: December 31, 2025December 31, 2024GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountDefinite-life intangibles Patents and technology$3,354 $(1,714)$1,640 $3,506 $(1,845)$1,661 Customer relationships6,325 (2,008)4,317 6,378 (2,224)4,154 Trademarks297 (232)65 398 (296)102 Other592 (272)320 558 (268)290 Total definite-life intangibles—net10,568 (4,226)6,342 10,840 (4,633)6,207 Indefinite-life intangiblesTrademarks1394 — 394 414 — 414 Total Other intangible assets—net2$10,962 $(4,226)$6,736 $11,254 $(4,633)$6,621 1An impairment charge of $44 million and $48 million was recorded on indefinite-lived intangible assets related to the Industrial Automation business and personal protective equipment business during the years ended December 31, 2025 and 2024, respectively.2As of December 31, 2025 and 2024, Total Other intangible assets—net excludes net carrying amount of $262 million and $597 million, respectively, that is included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.

NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS—NET The following table summarizes the change in the carrying amount of goodwill for the years ended December 31, 2024, and 2023, by reportable business segment: Aerospace TechnologiesIndustrial AutomationBuilding AutomationEnergy and Sustainability SolutionsCorporate and All OtherTotal GoodwillDecember 31, 2022$2,376 $9,183 $3,338 $1,726 $874 $17,497 Acquisitions— 392 — — — 392 Currency translation adjustment10 75 42 1 32 160 December 31, 20232,386 9,650 3,380 1,727 906 18,049 Acquisitions660 — 2,827 876 — 4,363 Currency translation adjustment(18)(75)(71)(5)(7)(176)Reclassified to Assets held for sale— (411)— — — (411)December 31, 2024$3,028 $9,164 $6,136 $2,598 $899 $21,825 Other intangible assets are comprised of: December 31, 2024December 31, 2023GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountDefinite-life intangibles Patents and technology$3,513 $(1,849)$1,664 $2,399 $(1,837)$562 Customer relationships6,411 (2,251)4,160 4,199 (2,601)1,598 Trademarks398 (296)102 362 (284)78 Other561 (270)291 299 (277)22 Total definite-life intangibles—net10,883 (4,666)6,217 7,259 (4,999)2,260 Indefinite-life intangiblesTrademarks2439 — 439 971 — 971 Total Other intangible assets—net1$11,322 $(4,666)$6,656 $8,230 $(4,999)$3,231 1As of December 31, 2024, Total Other intangible assets—net excludes net carrying amount of $116 million of customer relationships and net carrying amount of $481 million of indefinite-life trademarks that are included in Assets held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale.2An impairment charge of $48 million was recorded on indefinite-lived intangible assets related to the personal protective equipment business during year ended December 31, 2024.

Represents the sum of vested options of 6.9 million and expected to vest options of 2.5 million. Expected to vest options are derived by applying the pre-vesting forfeiture rate assumption to total outstanding unvested options of 3.3 million. The following table summarizes information about stock options outstanding and exercisable as of December 31, 2025: Range of Exercise PricesOptions OutstandingOptions ExercisableNumberOutstanding (in millions)WeightedAverage Life1WeightedAverageExercisePrice Per ShareAggregateIntrinsicValueNumberExercisable (in millions)WeightedAverageExercisePrice Per ShareAggregateIntrinsicValue$93.56–$99.990.1 0.15$93.56 $10 0.1 $93.56 $10 $100.00–$134.991.0 1.38114.42 85 1.1 114.42 85 $135.00–$189.996.3 5.29172.50 142 4.5 167.49 136 $190.00–$224.382.8 7.23197.87 3 1.2 194.00 3 10.2 5.36$172.62 $240 6.9 $163.04 $234 1Average remaining contractual life in years. Weighted

Represents the sum of vested options of 6.9 million and expected to vest options of 2.6 million. Expected to vest options are derived by applying the pre-vesting forfeiture rate assumption to total outstanding unvested options of 3.4 million. The following table summarizes information about stock options outstanding and exercisable as of December 31, 2024: Range of Exercise PricesOptions OutstandingOptions ExercisableNumberOutstanding (in millions)WeightedAverage Life1WeightedAverageExercisePrice Per ShareAggregateIntrinsicValueNumberExercisable (in millions)WeightedAverageExercisePrice Per ShareAggregateIntrinsicValue$90.00 –$99.99 0.9 1.13$98.70 $110 0.9 $98.70 $110 $100.00 –$134.99 1.2 2.23120.13 127 1.2 120.13 127 $135.00 –$189.99 4.4 4.94172.11 236 3.7 168.81 227 $190.00 –$232.60 3.9 7.74199.48 103 1.1 202.44 80 10.4 5.36$170.29 $576 6.9 $157.58 $544 1Average remaining contractual life in years. Weighted

65 Honeywell International Inc. 65 Honeywell International Inc. 65 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

1 As of December 31, 2025 and 2024, Total Accrued liabilities excludes $484 million and $110 million, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations. NOTE 14. OTHER LIABILITIES December 31,20252024Income taxes$1,518 $1,423 Pension and other employee related1,147 1,203 Deferred income1,111 1,166 Operating lease liabilities809 863 Derivative liabilities716 195 Environmental costs714 389 Insurance210 244 Product warranties and performance guarantees40 35 Asset retirement obligations18 15 Other125 48 Total Other liabilities1$6,408 $5,581 1As of December 31, 2025 and 2024, Total Other liabilities excludes $182 million and $22 million, respectively, that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.

As of December 31, 2024, the Company measured the disposal group of the personal protective equipment business at fair value, less costs to sell. The fair value of the disposal group was determined using significant unobservable inputs based on expected proceeds to be received upon the sale of the business. See Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale for more information on the disposal group. NOTE 13. ACCRUED LIABILITIES December 31,20242023Customer advances and deferred income$3,506 $3,499 Compensation, benefit and other employee related1,366 1,322 Income taxes961 680 Repositioning185 279 Environmental costs244 227 Accrued interest379 217 Operating lease liabilities199 196 Product warranties and performance guarantees202 182 Other taxes292 176 Asbestos-related liabilities157 154 Insurance60 69 Other (primarily operating expenses)797 808 Total Accrued liabilities$8,348 $7,809 1As of December 31, 2024, Total Accrued liabilities excludes $110 million that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. 1 As of December 31, 2024, Total Accrued liabilities excludes $110 million that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. NOTE 14. OTHER LIABILITIES December 31,20242023Income taxes$1,433 $1,742 Pension and other employee related1,261 1,342 Deferred income1,190 1,171 Operating lease liabilities927 897 Environmental costs434 414 Insurance244 248 Product warranties and performance guarantees35 37 Asset retirement obligations16 17 Other536 397 Total Other liabilities$6,076 $6,265 1As of December 31, 2024, Total Other liabilities excludes $22 million that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. 1 As of December 31, 2024, Total Other liabilities excludes $22 million that are included in Liabilities held for sale in the Consolidated Balance Sheet. Refer to Note 2 Acquisitions, Divestitures, and Assets and Liabilities Held for Sale. 87 Honeywell International Inc. 87 Honeywell International Inc. 87 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

87 Honeywell International Inc. 87 Honeywell International Inc. 87 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

NOTE 11. DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS

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 31,202520242023Aerospace Technologies$(3)$(3)$23 Industrial Automation77 60 139 Building Automation41 25 58 Energy and Sustainability Solutions8 18 7 Corporate and All Other(290)139 617 Total net repositioning and other (gains) charges$(167)$239 $844

The following table summarizes the pre-tax amount of total net repositioning and other charges by reportable business segment. These amounts are excluded from segment profit as described in Note 22 Segment Financial Data: Years Ended December 31,202420232022Aerospace Technologies$(3)$23 $41 Industrial Automation60 139 395 Building Automation25 58 63 Energy and Sustainability Solutions23 23 125 Corporate and All Other139 617 642 Total net repositioning and other charges$244 $860 $1,266

Tax expense consists of: Years Ended December 31,202520242023Current U.S. Federal$49 $478 $13 U.S. State27 57 22 Non-U.S.914 943 1,038 Total current tax expense990 1,478 1,073 DeferredU.S. Federal10 (209)58 U.S. State(54)(23)17 Non-U.S.62 3 114 Total deferred tax expense (benefit)18 (229)189 Total Tax expense$1,008 $1,249 $1,262

Tax expense consists of: Years Ended December 31,202420232022Current U.S. Federal$606 $176 $653 U.S. State88 60 124 Non-U.S.1,012 1,098 815 Total current tax expense1,706 1,334 1,592 DeferredU.S. Federal(210)27 (175)U.S. State(25)11 (36)Non-U.S.2 115 32 Total deferred tax (benefit) expense(233)153 (180)Total Tax expense$1,473 $1,487 $1,412

CONSOLIDATED BALANCE SHEET December 31,20252024 (Dollars in millions)ASSETS Current assets Cash and cash equivalents$12,487 $9,906 Short-term investments443 386 Accounts receivable, less allowances of $202 and $307, respectively7,621 7,247 Inventories6,162 5,884 Assets held for sale2,492 1,365 Other current assets1,182 1,259 Current assets of discontinued operations— 1,861 Total current assets30,387 27,908 Investments and long-term receivables1,404 1,230 Property, plant and equipment—net4,629 4,457 Goodwill21,079 21,019 Other intangible assets—net6,736 6,621 Deferred income taxes199 235 Other assets9,247 10,556 Assets of discontinued operations— 3,170 Total assets$73,681 $75,196 LIABILITIESCurrent liabilitiesAccounts payable$6,315 $6,109 Commercial paper and other short-term borrowings5,893 4,273 Current maturities of long-term debt1,546 1,325 Accrued liabilities8,462 8,055 Current liabilities of discontinued operations— 1,086 Liabilities held for sale1,198 408 Total current liabilities23,414 21,256 Long-term debt27,141 25,440 Deferred income taxes1,577 1,581 Postretirement benefit obligations other than pensions111 112 Asbestos-related liabilities— 1,325 Other liabilities6,408 5,581 Liabilities of discontinued operations— 740 Redeemable noncontrolling interest— 7 SHAREOWNERS’ EQUITYCapital—common stock issued958 958 —additional paid-in capital10,157 9,695 Common stock held in treasury, at cost(43,029)(39,378)Accumulated other comprehensive loss(5,146)(3,491)Retained earnings50,964 50,835 Total Honeywell shareowners’ equity13,904 18,619 Noncontrolling interest1,126 535 Total shareowners’ equity15,030 19,154 Total liabilities, redeemable noncontrolling interest and shareowners’ equity$73,681 $75,196 Accounts receivable, less allowances of $202 and $307, respectively Current assets of discontinued operations Assets of discontinued operations Current liabilities of discontinued operations Liabilities of discontinued operations The Notes to Consolidated Financial Statements are an integral part of this statement.57 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.57 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 57 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

December 31,20242023 (Dollars in millions)ASSETS Current assets Cash and cash equivalents$10,567 $7,925 Short-term investments386 170 Accounts receivable, less allowances of $314 and $323, respectively7,819 7,530 Inventories6,442 6,178 Assets held for sale1,365 — Other current assets1,329 1,699 Total current assets27,908 23,502 Investments and long-term receivables1,394 939 Property, plant and equipment—net6,194 5,660 Goodwill21,825 18,049 Other intangible assets—net6,656 3,231 Insurance recoveries for asbestos-related liabilities171 170 Deferred income taxes238 392 Other assets10,810 9,582 Total assets$75,196 $61,525 LIABILITIESCurrent liabilitiesAccounts payable$6,880 $6,849 Commercial paper and other short-term borrowings4,273 2,085 Current maturities of long-term debt1,347 1,796 Accrued liabilities8,348 7,809 Liabilities held for sale408 — Total current liabilities21,256 18,539 Long-term debt25,479 16,562 Deferred income taxes1,787 2,094 Postretirement benefit obligations other than pensions112 134 Asbestos-related liabilities1,325 1,490 Other liabilities6,076 6,265 Redeemable noncontrolling interest7 7 SHAREOWNERS’ EQUITYCapital—common stock issued958 958 —additional paid-in capital9,695 9,062 Common stock held in treasury, at cost(39,378)(38,008)Accumulated other comprehensive loss(3,491)(4,135)Retained earnings50,835 47,979 Total Honeywell shareowners’ equity18,619 15,856 Noncontrolling interest535 578 Total shareowners’ equity19,154 16,434 Total liabilities, redeemable noncontrolling interest and shareowners’ equity$75,196 $61,525 Accounts receivable, less allowances of $314 and $323, respectively The Notes to Consolidated Financial Statements are an integral part of this statement.54 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.54 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 54 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Year Ended December 31, 2024Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $115 $— $115 Prior service (credit) recognized— — — — (22)— (22)Losses (gains) on cash flow hedges(2)(8)(3)(4)— — (17)Total before tax$(2)$(8)$(3)$(4)$93 $— $76 Tax expense (benefit)(22)Total reclassifications for the period, net of tax$54 Cost of

Year Ended December 31, 2022Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and Other Financial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $516 $— $516 Prior service (credit) recognized— — — — (84)— (84)Losses (gains) on cash flow hedges(13)(48)(14)3 — — (72)Losses (gains) on excluded component of net investment hedges— — — — — (13)(13)Total before tax$(13)$(48)$(14)$3 $432 $(13)$347 Tax expense (benefit)(23)Total reclassifications for the period, net of tax$324 Cost of