{
  "ticker": "HON",
  "company": "Honeywell International Inc.",
  "filing_type": "10-K",
  "year_current": "2026",
  "year_prior": "2025",
  "summary": {
    "added": 57,
    "removed": 21,
    "modified": 103,
    "unchanged": 70,
    "total_current": 230,
    "total_prior": 194
  },
  "source": "SEC EDGAR",
  "url": "https://riskdiff.com/hon/2026-vs-2025/",
  "markdown_url": "https://riskdiff.com/hon/2026-vs-2025/index.md",
  "json_url": "https://riskdiff.com/hon/2026-vs-2025/index.json",
  "generated": "2026-06-01",
  "ai_summary": null,
  "risks": [
    {
      "status": "ADDED",
      "current_title": "Year ended December 31, 2025",
      "prior_title": null,
      "current_body": "Net cash provided by operating activities from continuing operations driven by Net income, adjusted for $1,388 million of depreciation and amortization, and receipt of the Resideo indemnification and reimbursement agreement termination payment of $1,590 million, partially offset by the Asbestos liabilities divestiture payment of $1,428 million. Net cash used for investing activities from continuing operations driven by $2,211 million of cash paid for acquisitions, $986 million of capital expenditures, and $399 million of net payments for settlements of derivative contracts, partially offset by $1,157 million proceeds from the sale of the PPE business. Net cash used for financing activities driven by $3,804 million of repurchases of common stock, $2,976 million of cash dividends paid, and $2,909 million of payments of long-term debt, partially offset by $4,035 million of long-term debt proceeds, $1,962 million of pre-separation funding related to the spin-off of the Advanced Materials business, and $1,482 million of net proceeds from commercial paper."
    },
    {
      "status": "ADDED",
      "current_title": "2025 compared with 2024",
      "prior_title": null,
      "current_body": "Net cash provided by operating activities from continuing operations increased by $963 million, driven by the receipt of the Resideo indemnification and reimbursement agreement termination payment of $1,590 million and $771 million increase in other operating activities, primarily due to a favorable impact of customer advances and deferred revenue, partially offset by the asbestos liabilities divestiture payment of $1,428 million. Net cash used for investing activities from continuing operations decreased by $7,422 million, driven by a $6,669 million decrease in cash paid for acquisitions and $1,157 million proceeds from the sale of the PPE business. Net cash used for financing activities increased by $8,792 million, driven by $6,373 million decrease in long-term debt proceeds, $2,149 million increase in repurchases of common stock, and $1,097 million increase in payments of long-term debt, partially offset by $1,962 million of pre-separation funding related to the spin-off of the Advanced Materials business. See Note 9 Debt and Credit Agreements of Notes to the Consolidated Financial Statement for additional information on pre-separation funding related to the spin-off of the Advanced Materials business and Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements for additional information on the Resideo indemnification and reimbursement agreement termination payment and the Asbestos liabilities divestiture payment."
    },
    {
      "status": "ADDED",
      "current_title": "Vimal Kapur, 60",
      "prior_title": null,
      "current_body": "2018 Pete Lau, 46 2025 President and Chief Executive Officer, Industrial Automation since October 2025. President and Chief Executive Officer of FARO Technologies from July 2023 to October 2025. Chief Executive Officer of Catalyst Nutraceuticals from October 2022 to July 2023. President of the Electrical Segment at Hubbell Incorporated from August 2020 to September 2022 where he led strategic, operational, and financial operations. President of Honeywell's Fire Detection and Control business from April 2019 to August 2020 and President of Honeywell's Global Security business from January 2018 to April 2019. Su Ping Lu, 50 2025 Senior Vice President, General Counsel and Corporate Secretary since May 2025. Vice President and Corporate Secretary from January 2024 to May 2025. Vice President, Deputy Corporate Secretary, and General Counsel for ESG, Investigations, and International from August 2021 to December 2023. Assistant General Counsel for Corporate Governance and Finance from October 2016 to August 2021. Jim Masso, 41 2025 President and Chief Executive Officer, Process Automation since January 2026. President and Chief Executive Officer, Honeywell Process Solutions from July 2025 to December 2025. President and Chief Executive Officer, Allied Power Group from November 2019 to June 2025."
    },
    {
      "status": "ADDED",
      "current_title": "Michal Stepniak, 48",
      "prior_title": null,
      "current_body": "2025 Senior Vice President and Chief Financial Officer since February 2025. Vice President, Corporate Finance from October 2024 to February 2025. Vice President and Chief Financial Officer of Aerospace Technologies from January 2023 to October 2024. Vice President and Chief Financial Officer of Honeywell Building Technologies from March 2020 to January 2023. Ken West, 48 2024 President and Chief Executive Officer, Energy and Sustainability Solutions since January 2024. President of UOP from July 2023 to December 2023, President of Advanced Materials from January 2022 to July 2023, Vice President and General Manager of the Fluorine Products business from April 2021 to January 2022, Vice President and General Manager of the Life Sciences, Protective, and Industrial Products business from June 2020 to April 2021, and Vice President and General Manager of the Packaging and Composites business from October 2018 to June 2020. 49 Honeywell International Inc. 49 Honeywell International Inc. 49 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS"
    },
    {
      "status": "ADDED",
      "current_title": "CONSOLIDATED STATEMENT OF OPERATIONS",
      "prior_title": null,
      "current_body": "Years Ended December 31,202520242023(Dollars in millions,except per share amounts)Product sales$24,515 $22,841 $22,345 Service sales12,927 11,876 10,664 Net sales37,442 34,717 33,009 Costs, expenses and otherCost of products sold16,153 15,017 14,836 Cost of services sold7,460 6,343 5,801 Total Cost of products and services sold23,613 21,360 20,637 Research and development expenses1,812 1,454 1,375 Selling, general and administrative expenses5,450 5,235 4,887 Impairment of goodwill724 — — Impairment of assets held for sale270 219 — Other (income) expense(1,247)(843)(830)Interest and other financial charges1,344 1,048 749 Total costs, expenses and other31,966 28,473 26,818 Income from continuing operations before taxes5,476 6,244 6,191 Tax expense1,008 1,249 1,262 Net income from continuing operations4,468 4,995 4,929 Net income from discontinued operations304 745 743 Net income4,772 5,740 5,672 Less: Net income attributable to noncontrolling interest43 35 14 Net income attributable to Honeywell$4,729 $5,705 $5,658 Earnings per share of common stock—basic:Earnings per share of common stock from continuing operations—basic$6.98 $7.63 $7.41 Earnings per share of common stock from discontinued operations—basic$0.42 $1.13 $1.12 Total earnings per share of common stock—basic$7.40 $8.76 $8.53 Earnings per share of common stock—assuming dilution:Earnings per share of common stock from continuing operations—assuming dilution$6.94 $7.58 $7.36 Earnings per share of common stock from discontinued operations—assuming dilution$0.42 $1.13 $1.11 Total earnings per share of common stock—assuming dilution$7.36 $8.71 $8.47 Impairment of goodwill"
    },
    {
      "status": "ADDED",
      "current_title": "Earnings per share of common stock—basic:",
      "prior_title": null,
      "current_body": "Earnings per share of common stock from continuing operations—basic Earnings per share of common stock from discontinued operations—basic"
    },
    {
      "status": "ADDED",
      "current_title": "Earnings per share of common stock—assuming dilution:",
      "prior_title": null,
      "current_body": "Earnings per share of common stock from continuing operations—assuming dilution Earnings per share of common stock from discontinued operations—assuming dilution"
    },
    {
      "status": "ADDED",
      "current_title": "Total earnings per share of common stock—assuming dilution",
      "prior_title": null,
      "current_body": "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"
    },
    {
      "status": "ADDED",
      "current_title": "HONEYWELL INTERNATIONAL INC.",
      "prior_title": null,
      "current_body": "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"
    },
    {
      "status": "ADDED",
      "current_title": "Net income from continuing operations",
      "prior_title": null,
      "current_body": "Adjustments to reconcile net income from continuing operations to net cash provided by operating activities Impairment of goodwill Repositioning and other (gains) charges Income taxes (Payments) receipts from settlements of derivative contracts"
    },
    {
      "status": "ADDED",
      "current_title": "RECLASSIFICATIONS",
      "prior_title": null,
      "current_body": "Certain prior year amounts are reclassified to conform to the current year presentation. This includes the separate disclosure of changes in Income taxes within operating activities on the Consolidated Statement of Cash Flows and the reclassification of Insurance recoveries for asbestos-related liabilities into Other assets on the Consolidated Balance Sheet. On October 30, 2025, the Company completed the spin-off of its Advanced Materials business into an independent, publicly traded company named Solstice Advanced Materials, Inc. (Solstice). Results of operations, financial position, and cash flows for the Advanced Materials business are reported as discontinued operations for all periods presented. Unless otherwise noted, information in these notes to consolidated financial statements relates to continuing operations."
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Johnson Matthey's Catalyst Technologies Business",
      "prior_title": null,
      "current_body": "On May 22, 2025, the Company announced its agreement to acquire Johnson Matthey's Catalyst Technologies business segment in an all-cash transaction for £1.8 billion. The transaction is subject to customary closing conditions, including receipt of certain regulatory approvals. The business will be included within the Process Automation and Technology reportable business segment. 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"
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Productivity Solutions and Services and Warehouse and Workflow Solutions Businesses",
      "prior_title": null,
      "current_body": "During the fourth quarter of 2025, the Company concluded the assets and liabilities of each of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, which are part of the Productivity goodwill reporting unit within the Industrial Automation reportable business segment, met the held for sale criteria; therefore, the Company presented the associated assets and liabilities of each business as held for sale as of December 31, 2025. The disposal groups, consisting of the associated assets and liabilities, are measured at the lower of carrying value or fair value, less costs to sell. The carrying amount of any assets, including goodwill, that are part of the disposal groups, but not in the scope of ASC 360-10, Property, Plant, and Equipment, are tested for impairment under the relevant guidance prior to measuring the disposal groups at fair value, less costs to sell. The fair value is based on the use of estimates and is subject to change based on future developments and actual amounts realized upon sale may vary from those recorded as of December 31, 2025. The Company performed an evaluation as of December 31, 2025 to assess the recoverability of the carrying value of the assets held for sale. The Company recognized a goodwill impairment of $724 million and a valuation allowance of $255 million during the year ended December 31, 2025, to write down the disposal groups to fair value, less costs to sell, as applicable. Gains resulting from the fair value, less costs to sell, exceeding the carrying value of the disposal groups are not recognized until realized at the completion of the sale. The transactions are expected to be completed in the second half of 2026 and are subject to customary closing conditions."
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Advanced Materials Business",
      "prior_title": null,
      "current_body": "On October 30, 2025, the Company completed the spin-off of its Advanced Materials business into an independent, publicly traded company named Solstice Advanced Materials, Inc. (Solstice). The assets, liabilities, and equity associated with the Advanced Materials business of approximately $5.1 billion, $3.7 billion, and $0.2 billion, respectively, have been removed through Retained earnings from the Company's Consolidated Balance Sheet as of the effective date of the spin. Honeywell shareowners of record as of the close of business on October 17, 2025 received one share of Solstice common stock for every four shares of Honeywell common stock. Immediately prior to the effective date of the spin-off, Solstice incurred debt of $2.0 billion to make a $1.5 billion cash distribution to the Company, to pay fees, costs, and expenses related to the debt, and for other general corporate purposes. The Advanced Materials business was previously included within the Energy and Sustainability Solutions reportable segment. We have continuing involvement with Solstice primarily through a transition services agreement, through which Honeywell and Solstice continue to provide certain services to each other for a period of time following the separation, a tax matters agreement, an employee matters agreement, an intellectual property cross-license agreement, a trademark licensing agreement, and Accelerator license agreement. In connection with the spin-off of the Advanced Materials business into Solstice, the results of operations, financial position, and cash flows for Advanced Materials are reported as discontinued operations for all periods presented in the consolidated financial statements. 69 Honeywell International Inc. 69 Honeywell International Inc. 69 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"
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Total Cost of products and services sold",
      "prior_title": null,
      "current_body": "Research and development expenses Selling, general and administrative expenses Interest and other financial charges Other (income) expense"
    },
    {
      "status": "ADDED",
      "current_title": "Net income from discontinued operations",
      "prior_title": null,
      "current_body": "The following table summarizes major classes of assets and liabilities of discontinued operations: December 31, 2024ASSETSCash and cash equivalents$661 Accounts receivable572 Inventories558 Other current assets70 Current assets of discontinued operations1,861 Investments and long-term receivables164 Property, plant and equipment—net1,737 Goodwill806 Other intangible assets—net35 Other assets428 Total assets of discontinued operations$5,031 LIABILITIESAccounts Payable771 Current maturities of long-term debt22 Accrued liabilities293 Current liabilities of discontinued operations1,086 Long-term debt39 Deferred income taxes206 Other liabilities495 Total liabilities of discontinued operations$1,826"
    },
    {
      "status": "ADDED",
      "current_title": "December 31, 2024",
      "prior_title": null,
      "current_body": "Cash and cash equivalents Accounts receivable Inventories Other current assets"
    },
    {
      "status": "ADDED",
      "current_title": "Current assets of discontinued operations",
      "prior_title": null,
      "current_body": "Investments and long-term receivables Property, plant and equipment—net Goodwill Other intangible assets—net Other assets"
    },
    {
      "status": "ADDED",
      "current_title": "LIABILITIES",
      "prior_title": null,
      "current_body": "Accounts Payable Current maturities of long-term debt Accrued liabilities"
    },
    {
      "status": "ADDED",
      "current_title": "Total liabilities of discontinued operations",
      "prior_title": null,
      "current_body": "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"
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Total net repositioning and other (gains) charges",
      "prior_title": null,
      "current_body": "1 Refer to Note 19 Commitments and Contingencies for further discussion of the 2025 asbestos liabilities divestiture transaction and gain related to the Resideo indemnification and reimbursement agreement termination. The following table summarizes the pre-tax distribution of total net repositioning and other (gains) charges by classification in the Consolidated Statement of Operations: Years Ended December 31,202520242023Cost of products and services sold$513 $109 $680 Selling, general and administrative expenses122 113 163 Other (income) expense(802)17 1 Total net repositioning and other (gains) charges$(167)$239 $844"
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Carryforwards and Other Attributes",
      "prior_title": null,
      "current_body": "Total 79 Honeywell International Inc. 79 Honeywell International Inc. 79 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"
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "December 31, 2025",
      "prior_title": null,
      "current_body": "NOTE 6. INVENTORIES December 31,20252024Raw materials$1,638 $1,447 Work in process1,203 1,153 Finished products3,321 3,284 Total Inventories1$6,162 $5,884 1As 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."
    },
    {
      "status": "ADDED",
      "current_title": "Commercial Paper and Other Short-Term Borrowings",
      "prior_title": null,
      "current_body": "As of December 31, 2025, and 2024, the Company had $5.9 billion and $4.3 billion of Commercial paper and other short-term borrowings outstanding at a weighted average interest rate of 3.68% and 4.22%, respectively."
    },
    {
      "status": "ADDED",
      "current_title": "Term Loan Agreements",
      "prior_title": null,
      "current_body": "On July 1, 2025, the Company repaid its €196 million ($230 million) Euro Term Loan Credit Agreement due 2026. On May 7, 2025, the Company entered into a Delayed Draw Term Loan Agreement (the Term Loan Agreement). The Term Loan Agreement provides for a delayed draw term loan facility of an aggregate principal amount of up to $6.0 billion comprised of two tranches: (i) commitments to provide loans in an aggregate principal amount of up to $4.0 billion (Tranche A-1) and (ii) commitments to provide loans in an aggregate amount of up to $2.0 billion (Tranche A-2), which expired on December 19, 2025. On May 30, 2025, the Company borrowed $4.0 billion under Tranche A-1, of which $2.75 billion remained outstanding as of December 31, 2025. Interest rates on the term loans under each tranche will be based on prevailing market rates, plus a margin, in addition to a commitment fee on unused amounts. 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. The Term Loan Agreement is maintained for general corporate purposes and provides financial flexibility as the Company manages the separation of Honeywell from Honeywell Aerospace, into two independent public companies. 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"
    },
    {
      "status": "ADDED",
      "current_title": "Pre-Separation Funding",
      "prior_title": null,
      "current_body": "In connection with the spin-off of the Advanced Materials business, Solstice issued 5.625% Senior Notes due September 30, 2033 in an aggregate principal amount of $1.0 billion (the Notes) pursuant to an indenture, dated as of September 30, 2025. The proceeds from the Notes offering were held in escrow until satisfaction of the conditions precedent to the spin-off and certain other escrow release conditions. The Notes are senior unsecured obligations of Solstice, guaranteed on a senior unsecured basis by certain of its domestic subsidiaries and, from and after the escrow release date, are guaranteed on a senior unsecured basis by each of Solstice's existing and future domestic subsidiaries that guarantees Solstice's senior credit facilities. On October 29, 2025, the proceeds from the Notes offering were released from escrow. On October 29, 2025, Solstice entered into a credit agreement which provides for (i) a seven-year senior secured first-lien term B loan facility in an aggregate principal amount of $1.0 billion and (ii) a five-year senior secured first-lien revolving credit facility with aggregate commitments of $1.0 billion. Solstice borrowed $1.0 billion under the term B loan on October 29, 2025. Solstice used the net proceeds from the sale of the Notes and the borrowings under the term B loan facility to make a distribution to Honeywell of $1.5 billion upon completion of the spin-off on October 30, 2025. As a result of the spin-off, these borrowings are not an obligation of Honeywell. 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. 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. 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"
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Total Other liabilities1",
      "prior_title": null,
      "current_body": "1 As 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. 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"
    },
    {
      "status": "ADDED",
      "current_title": "Non-vested at December 31, 2025",
      "prior_title": null,
      "current_body": "As of December 31, 2025, there was approximately $264 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 1.77 years. The following table summarizes the impact to the Consolidated Statement of Operations from RSUs: Years Ended December 31,202520242023Compensation expense$156 $142 $154 Future income tax benefit recognized28 30 32 96 Honeywell International Inc. 96 Honeywell International Inc. 96 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"
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Earnings per share of common stock—basic",
      "prior_title": null,
      "current_body": "Assuming DilutionYears Ended December 31,202520242023Net income from continuing operations attributable to Honeywell4,461 4,968 4,913 Net income from discontinued operations attributable to Honeywell268 737 745 Net income attributable to Honeywell$4,729 $5,705 $5,658 Average sharesWeighted average shares outstanding639.0 650.9 663.0 Dilutive securities issuable—stock plans3.8 4.4 5.2 Total weighted average diluted shares outstanding642.8 655.3 668.2 Earnings per share of common stock from continuing operations—assuming dilution$6.94 $7.58 $7.36 Earnings per share of common stock from discontinued operations—assuming dilution0.42 1.13 1.11 Earnings per share of common stock—assuming dilution$7.36 $8.71 $8.47 Net income from continuing operations attributable to Honeywell Net income from discontinued operations attributable to Honeywell Earnings per share of common stock from continuing operations—assuming dilution"
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Liability Divestiture Transaction",
      "prior_title": null,
      "current_body": "On September 29, 2025, the Company permanently divested all of its legacy Bendix asbestos liabilities and certain non-Bendix asbestos liabilities, contributing cash and transferring asbestos liabilities to a third party entity. As part of the agreement, the Company will be indemnified from future asbestos claims. Under the terms of the agreement, the Company contributed $1,428 million in cash and derecognized $1,526 million of asbestos liabilities and $98 million of related insurance assets. Included in the Company's 2025 results is a pre-tax loss on settlement of the divestiture of $148 million, which was recorded in Cost of products and services sold in the Consolidated Statement of Operations. SEC MATTER The Company is cooperating with a formal investigation by the SEC which is focused on certain financial reporting matters, including with respect to the Company's former Performance Materials and Technologies segment. At this time, the Company does not expect the outcome of this matter to have a material adverse effect on the Company's consolidated results of operations, cash flows, or financial position. 104 Honeywell International Inc. 104 Honeywell International Inc. 104 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"
    },
    {
      "status": "ADDED",
      "current_title": "Flexjet v. Honeywell International Inc.",
      "prior_title": null,
      "current_body": "Flexjet, LLC (Flexjet) provides private jet services to customers. Honeywell maintains aircraft engine maintenance service contracts with Flexjet. During the COVID-19 pandemic, a customer dispute arose over delayed engine deliveries and specified engine enrollments under these maintenance service contracts. In 2021, the Company notified Flexjet that it was invoking force majeure provisions in response to the pandemic. On March 1, 2023, Flexjet brought suit against the Company, alleging breach of the parties’ aircraft engine maintenance service agreement (the MSA), seeking liquidated damages for delayed engine repairs, and claiming that its liquidated damages continue to accrue related to engines awaiting repair. Additionally, two third-party aircraft repair and services companies, Duncan Aviation, Inc. (Duncan) and StandardAero Business Aviation Services, LLC (StandardAero) each sued Flexjet for amounts allegedly owed for services provided, and Flexjet filed third-party complaints in those cases on January 10, 2025 and June 10, 2025, respectively, purporting to join the Company as a third-party defendant. The Company recorded accruals in accordance with ASC 450, Contingencies, with respect to the Flexjet-related matters. In December 2025, the Company announced it was in ongoing settlement negotiations with Flexjet and the other parties to the litigation matters. Based on negotiations as of December 22, 2025, the Company increased the accrual for this matter by approximately $370 million in the fourth quarter of 2025, which resulted in a reduction to sales and operating income by approximately $310 million and $370 million, respectively. On January 16, 2026, the Company completed a comprehensive settlement relating to its lawsuit with Flexjet. As part of this comprehensive settlement, the Company entered into settlement agreements with Duncan, StandardAero, and Flexjet. As of January 21, 2026, each of these cases have been dismissed. These settlements resolve all legal disputes among the parties arising out of the alleged breach of the MSA. In connection with these settlements, the Company paid $59 million in December 2025 associated with the Duncan and StandardAero settlements. The Company paid $375 million in the first quarter of 2026 associated with a settlement payment to Flexjet. Contemporaneous with the Company’s entry into the settlement agreement with Flexjet, Flexjet and Honeywell amended the MSA to extend the term through 2035."
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Funded status of plans - continuing operations",
      "prior_title": null,
      "current_body": "Assets (liabilities) recognized in the Consolidated Balance Sheet consist of Prepaid pension benefit cost2 Accrued pension liabilities—current3 Accrued pension liabilities—noncurrent4"
    },
    {
      "status": "ADDED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": null,
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "ADDED",
      "current_title": "Net income (loss) attributable to Honeywell",
      "prior_title": null,
      "current_body": "Earnings (loss) per common share from continuing operations—basic1 Earnings (loss) per common share from discontinued operations—basic1"
    },
    {
      "status": "ADDED",
      "current_title": "Earnings (loss) per common share—basic",
      "prior_title": null,
      "current_body": "Earnings (loss) per common share from continuing operations—assuming dilution1 Earnings (loss) per common share from discontinued operations—assuming dilution1"
    },
    {
      "status": "ADDED",
      "current_title": "Earnings (loss) per common share—assuming dilution1",
      "prior_title": null,
      "current_body": "2024March 31June 30September 30December 31Net sales$8,157 $8,572 $8,819 $9,169 Gross profit3,222 3,351 3,419 3,365 Net income from continuing operations1,290 1,336 1,226 1,143 Net income from discontinued operations185 224 189 147 Net income attributable to Honeywell$1,462 $1,545 $1,413 $1,285 Earnings per common share from continuing operations—basic1$1.96 $2.04 $1.87 $1.76 Earnings per common share from discontinued operations—basic10.28 0.33 0.30 0.22 Earnings per common share—basic1$2.24 $2.37 $2.17 $1.98 Earnings per common share from continuing operations—assuming dilution1$1.95 $2.03 $1.86 $1.74 Earnings per common share from discontinued operations—assuming dilution10.28 0.33 0.30 0.22 Earnings per common share—assuming dilution1$2.23 $2.36 $2.16 $1.96 Cash dividends per common share$1.08 $1.08 $1.08 $1.13 1Total for the full year may differ from the sum of the individual quarters due to the requirement to use weighted average shares each quarter, which may fluctuate with share repurchases and share issuances, and due to the impact of losses in a quarter. Net income from continuing operations Net income from discontinued operations"
    },
    {
      "status": "ADDED",
      "current_title": "Net income attributable to Honeywell",
      "prior_title": null,
      "current_body": "Earnings per common share from continuing operations—basic1 Earnings per common share from discontinued operations—basic1"
    },
    {
      "status": "ADDED",
      "current_title": "Earnings per common share—basic1",
      "prior_title": null,
      "current_body": "Earnings per common share from continuing operations—assuming dilution1 Earnings per common share from discontinued operations—assuming dilution1"
    },
    {
      "status": "ADDED",
      "current_title": "Earnings per common share—assuming dilution1",
      "prior_title": null,
      "current_body": "Total for the full year may differ from the sum of the individual quarters due to the requirement to use weighted average shares each quarter, which may fluctuate with share repurchases and share issuances, and due to the impact of losses in a quarter. 120 Honeywell International Inc. 120 Honeywell International Inc. 120 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS"
    },
    {
      "status": "ADDED",
      "current_title": "Rule 10b5-1",
      "prior_title": null,
      "current_body": "21,097 stock options and associated sale of shares to cover option exercise costs and tax obligations."
    },
    {
      "status": "ADDED",
      "current_title": "Board Member",
      "prior_title": null,
      "current_body": "7,777 stock options and associated sale of shares to cover option exercise costs and tax obligations. Ken West"
    },
    {
      "status": "ADDED",
      "current_title": "President and Chief Executive Officer, ESS",
      "prior_title": null,
      "current_body": "3,264 restricted stock units and associated sale of shares to cover tax obligations. During the three months ended December 31, 2025, none of our executive officers or directors terminated a \"Rule 10b5-1 trading arrangement,\" or adopted, terminated, or modified any \"non-Rule 10b5-1 trading arrangement\" (each as defined in Item 408(c) of Regulation S-K). OTHER INFORMATION Adjustment of certain items in our unaudited consolidated financial statements as of and for the year ended December 31, 2025 included within our earnings release for the fourth quarter and full year 2025. In connection with the ongoing sale process of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, the Company continually evaluates information relevant to the financial analysis associated with the sale as it becomes available. Subsequent to the Company's fourth quarter earnings release on January 29, 2026 (the Earnings Release), the Company received incremental information that resulted in additional impairments to goodwill of $436 million and assets held for sale of $35 million, with an offsetting tax benefit of $61 million, in its consolidated financial statements for the year ended December 31, 2025. Therefore, Honeywell’s full-year reported earnings per share from continuing operations was revised to $6.94, net income from continuing operations was revised to $4,468 million, operating income was revised to $5,573 million, and operating margin was revised to 14.9%. The information set forth below is included for the purpose of providing disclosure under Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers of Form 8-K. On February 13, 2026, the Board of Directors of Honeywell International Inc. (the Company) approved the appointment of James Currier, age 59, as President and Chief Executive Officer of Honeywell Aerospace Inc., which will become an independent, publicly traded company following its planned spin-off (the Spin-Off) from the Company expected to be completed in the third quarter of 2026. In connection with this appointment, Mr. Currier entered into an offer letter (the Offer Letter) with the Company on February 17, 2026. Effective upon completion of the Spin-Off, Mr. Currier will resign from his position as President and Chief Executive Officer for the Aerospace Technologies segment of the Company to assume his role as President and Chief Executive Officer of Honeywell Aerospace Inc. and will thereafter cease to be an executive officer of the Company. Mr. Currier has served as the President and CEO of the Company’s Aerospace Technologies business since 2023. Previously, he spent nearly two decades in senior roles across the globe at the Company, including as President of the Electronic Solutions business, President of the Company’s Aftermarket organization across Europe, Middle East, Africa and India, and Vice President of Airlines, North America. Mr. Currier holds a Bachelor of Science degree in Mechanical Engineering from the University of Miami. 124 Honeywell International Inc. 124 Honeywell International Inc. 124 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS Under the terms of the Offer Letter, effective upon completion of the Spin-Off, Mr. Currier’s base salary will be adjusted to $1,400,000; his target annual incentive compensation opportunity will be 175% of base salary applied to his earnings after the Spin-Off; and he will be eligible for annual long-term incentive awards with a target grant date value of $13,000,000, which in 2026 will entitle him to receive the difference between this target amount and the value of any long-term incentives granted to him by the Company prior to the completion of the Spin-Off. The description of the offer letter contained herein is subject to and qualified in its entirety by reference to Exhibit 10.66 to this Annual Report on Form 10-K and is incorporated herein by reference."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "Karen Mattimore, 58",
      "prior_body": "2020 Ken West, 47 2024 46 Honeywell International Inc. 46 Honeywell International Inc. 46 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS"
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "CONSOLIDATED STATEMENT OF OPERATIONS",
      "prior_body": "Years Ended December 31,202420232022(Dollars in millions,except per share amounts)Product sales$26,279 $25,773 $25,960 Service sales12,219 10,889 9,506 Net sales38,498 36,662 35,466 Costs, expenses and otherCost of products sold17,227 16,977 16,955 Cost of services sold6,609 6,018 5,392 Total Cost of products and services sold23,836 22,995 22,347 Research and development expenses1,536 1,456 1,478 Selling, general and administrative expenses5,466 5,127 5,214 Impairment of assets held for sale219 — — Other (income) expense(830)(840)(366)Interest and other financial charges1,058 765 414 Total costs, expenses and other31,285 29,503 29,087 Income before taxes7,213 7,159 6,379 Tax expense1,473 1,487 1,412 Net income5,740 5,672 4,967 Less: Net income attributable to noncontrolling interest35 14 1 Net income attributable to Honeywell$5,705 $5,658 $4,966 Earnings per share of common stock—basic$8.76 $8.53 $7.33 Earnings per share of common stock—assuming dilution$8.71 $8.47 $7.27 The Notes to Consolidated Financial Statements are an integral part of this statement.52 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.52 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 52 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS"
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "RECLASSIFICATIONS",
      "prior_body": "Certain prior year amounts are reclassified to conform to the current year presentation. During the first quarter of 2024, the Company realigned certain of its business units as reflected in Note 22 Segment Financial Data, which impacted the composition of its reportable segments. The Company recast historical periods to reflect this change in segment presentation."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "US Digital Designs, Inc.",
      "prior_body": "On January 18, 2022, the Company acquired 100% of the issued and outstanding shares of US Digital Designs, Inc., a leading provider of technologies for first responders, for total consideration of $186 million. The business is included within the Building Automation reportable business segment. The Company finalized the evaluation for the fair value of all the assets and liabilities acquired with US Digital Designs, Inc. during the first quarter of 2023. Management recorded intangible assets of $53 million and allocated $129 million to goodwill, which is deductible for tax purposes."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "DIVESTITURES",
      "prior_body": "During 2024 and 2023, there were no significant divestitures individually or in the aggregate. On February 6, 2025, the Company announced its intention to pursue a separation of its Automation and Aerospace Technologies businesses into independent, U.S. publicly traded companies, which is targeted to be completed in the second half 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, finalization of the financial statements of the Automation and Aerospace Technologies businesses, the filing and effectiveness of applicable filings (including a Form 10 registration statement) 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. On October 8, 2024, the Company announced its intention to spin off its 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. The planned spin-off is intended to be a tax-free spin to Honeywell shareowners for U.S. federal income tax purposes. The spin-off will be subject to the satisfaction of a number of customary conditions, including, among others, finalization of the financial statements of the Advanced Materials business, the filing and effectiveness of applicable filings (including a Form 10 registration statement) with the SEC, assurance that the spin-off of the Advanced Materials business will be tax-free to Honeywell’s shareowners, receipt of applicable regulatory approvals, and final approval by Honeywell’s Board of Directors. The proposed spin-off is complex in nature, and may be affected by unanticipated developments, credit and equity markets, or changes in market conditions. In conjunction with the wind down of the Company's businesses and operations in Russia, during 2022 the Company completed the sale of three entities domiciled in Russia in exchange for gross cash consideration of less than $1 million. The Company recognized a pre-tax gain of $22 million, which was recorded in Other (income) expense in the Consolidated Statement of Operations, driven by favorable foreign currency cumulative translation adjustment positions in the entities at the time of sale. The financial results of the entities were previously included in the historical Performance Materials and Technologies, Honeywell Building Technologies, and Safety and Productivity Solutions reportable business segments. 64 Honeywell International Inc. 64 Honeywell International Inc. 64 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"
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "OTHER CHARGES",
      "prior_body": "In 2022, the Company recognized $295 million of Other charges related to the initial suspension and the wind down of the Company's business and operations in Russia. These costs impacted all reportable business segments, with the most significant impact within the Industrial Automation and Energy and Sustainability Solutions reportable business segments. These charges include costs recorded in Cost of products and services sold, Selling, general and administrative expenses, or Other (income) expense in the Consolidated Statement of Operations. Cost of products and services sold includes $65 million primarily related to inventory reserves and the write-down of other assets, Selling, general and administrative includes $185 million primarily related to reserves against outstanding accounts receivable and contract assets, impairment of intangible assets, the write-down of other assets, and employee severance, and Other (income) expense includes $45 million related to foreign exchange revaluation on an intercompany loan with a Russian affiliate, impairment of property, plant and equipment, and expenses for called guarantees. Directly attributable to the Company's wind down of businesses and operations in Russia, but excluded from Other charges, is a $2 million tax valuation allowance recorded to Tax expense in the Consolidated Statement of Operations. During the twelve months ended December 31, 2024, the Company recognized Other charges of $17 million related to the settlement of a contractual dispute with a Russian entity associated with the Company's suspension and wind down activities in Russia. The charges were recorded in Other (income) expense in the Consolidated Statement of Operations. Given the uncertainty inherent in the Company's remaining obligations related to contracts with Russian counterparties, the Company does not believe it is possible to develop estimates of reasonably possible loss in excess of current accruals for these matters (other than as specifically set forth above). Based on available information to date, the Company’s estimate of potential future losses or other contingencies related to suspension and wind down activities, including any guarantee payments or any litigation costs or as otherwise related to the Company's wind down in Russia, could adversely affect the Company's consolidated results of operations in the periods recognized but would not be material with respect to the Company's consolidated financial position. See Note 19 Commitments and Contingencies for a discussion of the recognition and measurement of estimate for contingencies. 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"
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "FOREIGN CURRENCY RISK MANAGEMENT",
      "prior_body": "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. 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"
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "INSURANCE RECOVERIES FOR ASBESTOS-RELATED LIABILITIES",
      "prior_body": "Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022BendixNARCOTotalBendixNARCOTotalBendixNARCOTotalBeginning of year$123 $88 $211 $130 $135 $265 $142 $221 $363 Probable insurance recoveries related to estimated liability3 — 3 11 — 11 5 2 7 Insurance receipts for asbestos-related liabilities(16)(8)(24)(18)(21)(39)(17)(20)(37)Insurance receivables settlements and write-offs— — — — (26)(26)— (68)(68)End of year$110 $80 $190 $123 $88 $211 $130 $135 $265 96 Honeywell International Inc. 96 Honeywell International Inc. 96 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"
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "Years Ended December 31,20242023Claims unresolved at the beginning of year5,517 5,608 Claims filed1,617 1,803 Claims resolved(2,184)(1,894)Claims unresolved at the end of year4,950 5,517",
      "prior_body": "Disease Distribution of Unresolved ClaimsYears Ended December 31,20242023Mesothelioma and other cancer claims2,923 3,244 Nonmalignant claims2,027 2,273 Total claims4,950 5,517 Honeywell has experienced average resolution values per claim excluding legal costs as follows: Years Ended December 31,20242023202220212020 (in whole dollars)Mesothelioma and other cancer claims$79,900 $66,200 $59,200 $56,000 $61,500 Nonmalignant claims1,100 1,730 520 400 550 The Consolidated Financial Statements reflect an estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims, which exclude the Company’s ongoing legal fees to defend such asbestos claims which will continue to be expensed as they are incurred. The Company reflects 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 is 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 historically valued Bendix asserted and unasserted claims using a five-year look-back period. The Company reviews the valuation assumptions and average resolution values used to estimate the cost of Bendix asserted and unasserted claims during the fourth quarter each year. 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"
    },
    {
      "status": "REMOVED",
      "current_title": null,
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT",
      "prior_title": "CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT",
      "similarity_score": 0.92,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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 $(5,146) Spin-off\""
      ],
      "current_body": "ForeignExchangeTranslationAdjustmentPensionand OtherPostretirement BenefitAdjustmentsChanges in Fair Valueof Available for Sale InvestmentsChanges inFair Value ofCash FlowHedgesTotalBalance at December 31, 2022$(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 $(5,146) Spin-off",
      "prior_body": "ForeignExchangeTranslationAdjustmentPensionand OtherPostretirement BenefitAdjustmentsChanges in Fair Valueof Available for Sale InvestmentsChanges inFair Value ofCash FlowHedgesTotalBalance at December 31, 2021$(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)"
    },
    {
      "status": "MODIFIED",
      "current_title": "GOODWILL AND INDEFINITE-LIVED INTANGIBLE ASSETS",
      "prior_title": "GOODWILL AND INDEFINITE-LIVED INTANGIBLE ASSETS",
      "similarity_score": 0.918,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.917,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"federal statutory income tax rate is reconciled to the effective income tax rate as follows: Years Ended December 31,20242023U.S.\"",
        "Reworded sentence: \"2023 includes (4.2)% deferred tax benefit resulting from a non-U.S.\"",
        "Reworded sentence: \"effective tax rate was 19.7%, a decrease of 5.6 percentage points compared to 2023.\"",
        "Reworded sentence: \"78 Honeywell International Inc.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING",
      "prior_title": "MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING",
      "similarity_score": 0.911,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"Management assessed the effectiveness of Honeywell’s internal control over financial reporting as of December 31, 2025.\"",
        "Reworded sentence: \"Based on this assessment, management determined that Honeywell maintained effective internal control over financial reporting as of December 31, 2025.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.911,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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)\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "STOCK OPTIONS",
      "prior_title": "STOCK OPTIONS",
      "similarity_score": 0.907,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES",
      "prior_title": "MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES",
      "similarity_score": 0.898,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"During the quarter ended December 31, 2025, Honeywell purchased 0.5 million shares of its common stock, par value $1 per share.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "COMMODITY PRICE RISK MANAGEMENT",
      "prior_title": "COMMODITY PRICE RISK MANAGEMENT",
      "similarity_score": 0.894,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"In both 2025 and 2024, the Company entered into various contracts to mitigate commodity price volatility.\"",
        "Added sentence: \"88 Honeywell International Inc.\"",
        "Added sentence: \"88 Honeywell International Inc.\"",
        "Added sentence: \"88 Honeywell International Inc.\"",
        "Added sentence: \"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\""
      ],
      "current_body": "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",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "DEFINITE-LIVED INTANGIBLE ASSETS",
      "prior_title": "DEFINITE-LIVED INTANGIBLE ASSETS",
      "similarity_score": 0.893,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "MINE SAFETY DISCLOSURES",
      "prior_title": "MINE SAFETY DISCLOSURES",
      "similarity_score": 0.89,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"51 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Year ended December 31, 2024",
      "prior_title": "Year ended December 31, 2024",
      "similarity_score": 0.885,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"Net cash provided by operating activities from continuing operations largely driven by Net income.\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "CONTRACT BALANCES",
      "prior_title": "CONTRACT BALANCES",
      "similarity_score": 0.885,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"Contract liabilities are derecognized when revenue is recorded.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in millions)1",
      "prior_title": "(Dollars in millions)1",
      "similarity_score": 0.884,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"September 28, 2025 - October 25, 2025 October 26, 2025 - November 22, 2025 November 23, 2025 - December 31, 2025 52 Honeywell International Inc.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "NET REPOSITIONING CHARGES",
      "prior_title": "NET REPOSITIONING CHARGES",
      "similarity_score": 0.877,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "2024 compared with 2023",
      "prior_title": "2024 compared with 2023",
      "similarity_score": 0.874,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"•Mergers and acquisitions—in addition to the intended separation of Honeywell from Honeywell Aerospace, into independent, U.S.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"On February 6, 2025, we announced our intention to separate Honeywell from Honeywell Aerospace, into independent, U.S.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Billal Hammoud, 53",
      "prior_title": "Billal M. Hammoud, 52",
      "similarity_score": 0.868,
      "confidence": "high",
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "2029 - 2030",
      "prior_title": "2028 - 2029",
      "similarity_score": 0.863,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"For additional information regarding the divestiture of asbestos liabilities and NARCO Buyout, see Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements.\"",
        "Reworded sentence: \"44 Honeywell International Inc.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "PERFORMANCE OBLIGATIONS",
      "prior_title": "PERFORMANCE OBLIGATIONS",
      "similarity_score": 0.855,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"The Company's remaining performance obligations as of December 31, 2025, are $37,475 million.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Financial Charges",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.85,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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\""
      ],
      "current_body": "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",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.848,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "ASBESTOS-RELATED LIABILITIES AND INSURANCE RECOVERIES",
      "prior_title": "ASBESTOS-RELATED LIABILITIES AND INSURANCE RECOVERIES",
      "similarity_score": 0.841,
      "confidence": "high",
      "key_changes": [
        "Added sentence: \"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.\"",
        "Added sentence: \"As part of the agreement, the Company will be indemnified from future asbestos claims.\"",
        "Reworded sentence: \"ACQUISITIONS, DIVESTITURES, AND DISCONTINUED OPERATIONS\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Income (Expense)",
      "prior_title": "(Income) Expense",
      "similarity_score": 0.837,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Net deferred tax liability1",
      "prior_title": "Net deferred tax liability1",
      "similarity_score": 0.833,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"As of December 31, 2025, the Company's net operating loss, capital loss, tax credit carryforwards, and other attributes were as follows:\""
      ],
      "current_body": "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:",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.829,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "FOREIGN CURRENCY RISK MANAGEMENT",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.829,
      "confidence": "high",
      "key_changes": [
        "Added sentence: \"The Company operates a global business in a wide variety of foreign currencies.\"",
        "Added sentence: \"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.\"",
        "Added sentence: \"The Company's objective is to preserve the U.S.\"",
        "Added sentence: \"dollar value of foreign currency denominated cash flows and earnings.\"",
        "Added sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Net amount recognized - discontinued operations",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.826,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"The actuarial losses incurred in 2025 related to the Company's U.S.\"",
        "Removed sentence: \"Actuarial losses incurred in 2023 related to the Company's U.S.\"",
        "Removed sentence: \"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.\"",
        "Removed sentence: \"Actuarial losses incurred in 2023 related to the Company's non-U.S.\"",
        "Removed sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "RESTRICTED STOCK UNITS",
      "prior_title": "RESTRICTED STOCK UNITS",
      "similarity_score": 0.824,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"RSU awards entitle the holder to receive one share of common stock for each unit when the units vest.\"",
        "Reworded sentence: \"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\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Civitanavi Systems S.p.A.",
      "prior_title": "Civitanavi Systems S.p.A.",
      "similarity_score": 0.817,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"The business is part of the Aerospace Technologies reportable business segment.\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "OTHER MATTERS",
      "prior_title": "OTHER MATTERS",
      "similarity_score": 0.817,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"48 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "ENVIRONMENTAL MATTERS",
      "prior_title": "ENVIRONMENTAL MATTERS",
      "similarity_score": 0.814,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "INSURANCE RECOVERIES FOR ASBESTOS-RELATED LIABILITIES",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.812,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Removed sentence: \"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.\"",
        "Removed sentence: \"The operating rules per the TDP define criteria claimants must meet for a claim to be considered valid and paid.\"",
        "Removed sentence: \"Once operational in 2014, the Trust began to receive, process, and pay claims.\"",
        "Removed sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "CAES Systems Holdings LLC",
      "prior_title": "CAES Systems Holdings LLC",
      "similarity_score": 0.81,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Removed sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.808,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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 %\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "DERIVATIVE AND HEDGING INSTRUMENTS",
      "prior_title": "DERIVATIVE AND HEDGING INSTRUMENTS",
      "similarity_score": 0.805,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"The following table sets forth the amounts recorded in the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges:\""
      ],
      "current_body": "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:",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Air Products' Liquefied Natural Gas Process Technology and Equipment Business",
      "prior_title": "Air Products' Liquefied Natural Gas Process Technology and Equipment Business",
      "similarity_score": 0.805,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"three 66 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "EXECUTIVE COMPENSATION",
      "prior_title": "EXECUTIVE COMPENSATION",
      "similarity_score": 0.804,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"125 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "We may be unable to successfully execute or effectively integrate acquisitions, and divestitures may not occur as planned.",
      "prior_title": "We may be unable to successfully execute or effectively integrate acquisitions, and divestitures may not occur as planned.",
      "similarity_score": 0.8,
      "confidence": "high",
      "key_changes": [
        "Added sentence: \"We have divested a number of businesses, including as part of spin-offs.\"",
        "Added sentence: \"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.\"",
        "Added sentence: \"Even without ongoing contractual indemnification obligations, we could be exposed to liabilities arising out of such divestitures.\"",
        "Added sentence: \"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.\"",
        "Added sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "OTHER POSTRETIREMENT BENEFITS",
      "prior_title": "OTHER POSTRETIREMENT BENEFITS",
      "similarity_score": 0.797,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "RECENT ACCOUNTING PRONOUNCEMENTS",
      "prior_title": "RECENT ACCOUNTING PRONOUNCEMENTS",
      "similarity_score": 0.788,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Revolving Credit Agreements",
      "prior_title": "Revolving Credit Agreements",
      "similarity_score": 0.787,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"On March 17, 2025, the Company entered into a $3.0 billion 364-day credit agreement (the 364-Day Credit Agreement).\"",
        "Reworded sentence: \"As of December 31, 2025, there were no outstanding borrowings under the 364-Day Credit Agreement or the Five-Year Credit Agreement.\""
      ],
      "current_body": "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.",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Opinions on the Financial Statements and Internal Control over Financial Reporting",
      "prior_title": "Opinions on the Financial Statements and Internal Control over Financial Reporting",
      "similarity_score": 0.784,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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\").\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "OTHER MATTERS",
      "prior_title": "OTHER MATTERS",
      "similarity_score": 0.784,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"105 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.779,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Carrier Global Corporation's Global Access Solutions Business",
      "prior_title": "Carrier Global Corporation's Global Access Solutions Business",
      "similarity_score": 0.778,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"The business is part of the Building Automation reportable business segment.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.776,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Total operating lease liabilities2",
      "prior_title": "Total operating lease liabilities2",
      "similarity_score": 0.773,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"Refer to Note 2 Acquisitions, Divestitures, and Discontinued Operations.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions)",
      "prior_title": "(Dollars in tables in millions)",
      "similarity_score": 0.767,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"Each of our businesses focuses on increasing operating cash flows through revenue growth, margin expansion, and improved working capital turnover.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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 $(1,702) Change 2024 vs. 2023 Change 2023 vs. 2022 37 Honeywell International Inc. 37 Honeywell International Inc. 37 Honeywell International Inc. TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTSLIQUIDITY AND CAPITAL RESOURCES TABLE OF CONTENTS"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.762,
      "confidence": "high",
      "key_changes": [
        "Reworded sentence: \"The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis: December 31, 2025December 31, 2024Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalAssets Foreign currency exchange contracts$— $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.\"",
        "Reworded sentence: \"These investments are classified within level 2.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.757,
      "confidence": "high",
      "key_changes": [
        "Added sentence: \"PlansDecember 31, 2025TotalLevel 1Level 2Level 3EquitiesHoneywell common stock$2,400 $2,400 $— $— U.S.\"",
        "Added sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Price Per Share",
      "prior_title": "Price Per Share",
      "similarity_score": 0.749,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"$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.\""
      ],
      "current_body": "$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",
      "prior_body": "$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 $49 million, respectively. 89 Honeywell International Inc. 89 Honeywell International Inc. 89 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS"
    },
    {
      "status": "MODIFIED",
      "current_title": "RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS",
      "prior_title": "RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE LOSS",
      "similarity_score": 0.747,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"Year Ended December 31, 2025Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $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$200 Cost of\""
      ],
      "current_body": "Year Ended December 31, 2025Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $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$200 Cost of",
      "prior_body": "Year Ended December 31, 2024Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $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"
    },
    {
      "status": "MODIFIED",
      "current_title": "REIMBURSEMENT RECEIVABLES",
      "prior_title": "REIMBURSEMENT RECEIVABLES",
      "similarity_score": 0.744,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"(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.\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME",
      "prior_title": "CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME",
      "similarity_score": 0.741,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"56 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "The Company is subject to risks related to its plan to separate Honeywell from Honeywell Aerospace, into standalone, publicly traded companies.",
      "prior_title": "The Company is subject to risks related to its plans to separate Automation and Aerospace Technologies and to spin off its Advanced Materials business into standalone, publicly traded companies.",
      "similarity_score": 0.739,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.738,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"118 Honeywell International Inc.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.735,
      "confidence": "medium",
      "key_changes": [
        "Added sentence: \"PlansDecember 31, 2025TotalLevel 1Level 2Level 3EquitiesNon-U.S.\"",
        "Added sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Total Property, plant and equipment—net1",
      "prior_title": "Total Property, plant and equipment—net1",
      "similarity_score": 0.734,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "DEFERRED TAX ASSETS (LIABILITIES)",
      "prior_title": "DEFERRED TAX ASSETS (LIABILITIES)",
      "similarity_score": 0.726,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "December 31,20252024Accrued liabilities$180 $202 Other liabilities40 35 Total obligations for product warranties and product performance guarantees$220 $237",
      "prior_title": "December 31,20242023Accrued liabilities$202 $182 Other liabilities35 37 Total obligations for product warranties and product performance guarantees$237 $219",
      "similarity_score": 0.722,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"citizens, in certain jurisdictions, principally the UK, Germany, and Canada.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "CONSOLIDATED STATEMENT OF SHAREOWNERS’ EQUITY",
      "prior_title": "CONSOLIDATED STATEMENT OF SHAREOWNERS’ EQUITY",
      "similarity_score": 0.721,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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 $4.17 Impact of Quantinuum contribution Other The Notes to Consolidated Financial Statements are an integral part of this statement.59 Honeywell International Inc.\"",
        "Reworded sentence: \"59 Honeywell International Inc.\""
      ],
      "current_body": "Years Ended December 31,202520242023Shares$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 $4.17 Impact of Quantinuum contribution Other The Notes to Consolidated Financial Statements are an integral part of this statement.59 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.59 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 59 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS",
      "prior_body": "Years Ended December 31,202420232022Shares$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"
    },
    {
      "status": "MODIFIED",
      "current_title": "/S/ DELOITTE & TOUCHE LLP",
      "prior_title": "/S/ DELOITTE & TOUCHE LLP",
      "similarity_score": 0.719,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"Charlotte, North Carolina February 17, 2026 We have served as the Company's auditor since 2014.\""
      ],
      "current_body": "Charlotte, North Carolina February 17, 2026 We have served as the Company's auditor since 2014. 122 Honeywell International Inc. 122 Honeywell International Inc. 122 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Concentrations of credit, counterparty, and market risk, and limitations in our ability to access the capital markets may adversely affect our results of operations and financial condition.",
      "prior_title": "Concentrations of credit, counterparty, and market risk may adversely affect our results of operations and financial condition.",
      "similarity_score": 0.718,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "Carryforwards and Other Attributes",
      "similarity_score": 0.714,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"Many jurisdictions impose limitations on the timing and utilization of net operating loss and tax credit carryforwards.\"",
        "Reworded sentence: \"The remaining net operating loss, capital loss and credit carryforwards, and other tax attributes have expiration periods through 2045.\"",
        "Reworded sentence: \"Unrecognized tax benefits for examinations in progress were $874 million, $787 million, and $803 million as of December 31, 2025, 2024, and 2023, respectively.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.703,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"plan of $24 million and $25 million as of December 31, 2025, and 2024, respectively.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS",
      "prior_title": "COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS",
      "similarity_score": 0.703,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"December 31,20252024Cumulative foreign exchange translation adjustment$(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)$(3,491) 98 Honeywell International Inc.\""
      ],
      "current_body": "December 31,20252024Cumulative foreign exchange translation adjustment$(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)$(3,491) 98 Honeywell International Inc. 98 Honeywell International Inc. 98 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS",
      "prior_body": "December 31,20242023Cumulative foreign exchange translation adjustment$(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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.698,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"During the year ended December 31, 2024, the Company completed no repurchases of outstanding Honeywell shares of common stock from the Honeywell U.S.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.696,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Personal Protective Equipment Business",
      "prior_title": "ASSETS AND LIABILITIES HELD FOR SALE",
      "similarity_score": 0.691,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS",
      "prior_title": "INDEX TO THE CONSOLIDATED FINANCIAL STATEMENTS",
      "similarity_score": 0.688,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"55Consolidated Statement of Operations56Consolidated Statement of Comprehensive Income57Consolidated Balance Sheet58Consolidated Statement of Cash Flows59Consolidated Statement of Shareowners' Equity60Note 1.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Ongoing Expense",
      "prior_title": "Ongoing Expense",
      "similarity_score": 0.685,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "Income (Expense)",
      "prior_title": "(Income) Expense",
      "similarity_score": 0.682,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "INCOME BEFORE TAXES",
      "prior_title": "INCOME BEFORE TAXES",
      "similarity_score": 0.681,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"Years Ended December 31,202520242023U.S.$373 $1,442 $1,652 Non-U.S.5,103 4,802 4,539 Total Income before taxes$5,476 $6,244 $6,191\""
      ],
      "current_body": "Years Ended December 31,202520242023U.S.$373 $1,442 $1,652 Non-U.S.5,103 4,802 4,539 Total Income before taxes$5,476 $6,244 $6,191",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.676,
      "confidence": "medium",
      "key_changes": [
        "Added sentence: \"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.\"",
        "Added sentence: \"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.\"",
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "The development of technology products and services presents security and safety risks.",
      "prior_title": "The development of technology products and services presents security and safety risks.",
      "similarity_score": 0.674,
      "confidence": "medium",
      "key_changes": [
        "Added sentence: \"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.\"",
        "Added sentence: \"35 Honeywell International Inc.\"",
        "Added sentence: \"35 Honeywell International Inc.\"",
        "Added sentence: \"35 Honeywell International Inc.\"",
        "Added sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "Long-lived Assets2",
      "prior_title": "Long-lived Assets2",
      "similarity_score": 0.672,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Reacquired stock or repurchases of common stock1",
      "prior_title": "Reacquired stock or repurchases of common stock1",
      "similarity_score": 0.664,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Aerospace Technologies Business",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.66,
      "confidence": "medium",
      "key_changes": [
        "Added sentence: \"On February 6, 2025, the Company announced its intention to pursue a separation of Honeywell from Honeywell Aerospace, into independent, U.S.\"",
        "Added sentence: \"publicly traded companies, which is expected to be completed in the third quarter of 2026.\"",
        "Added sentence: \"The planned separation is intended to be a tax-free separation to Honeywell shareowners for U.S.\"",
        "Added sentence: \"federal income tax purposes.\"",
        "Added sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.65,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Total Inventories1",
      "prior_title": "Total Inventories1",
      "similarity_score": 0.649,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "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."
    },
    {
      "status": "MODIFIED",
      "current_title": "Earnings per share of common stock—assuming dilution",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.649,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Total Tax expense",
      "prior_title": "Total Tax expense",
      "similarity_score": 0.648,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"76 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Total Other intangible assets—net2",
      "prior_title": "Total Other intangible assets—net1",
      "similarity_score": 0.638,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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$484 2026495 2027504 2028495 2029481 77 Honeywell International Inc. 77 Honeywell International Inc. 77 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATAHONEYWELL INTERNATIONAL INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)(Dollars in tables in millions, except per share amounts) TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.635,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"OTHER (INCOME) EXPENSE Years Ended December 31,202520242023Interest income$(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.\"",
        "Removed sentence: \"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.\"",
        "Removed sentence: \"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.\"",
        "Removed sentence: \"Energy and Sustainability Solutions includes UOP and Advanced Materials, previously included in Performance Materials and Technologies.\"",
        "Removed sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.635,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.631,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.63,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "ASBESTOS-RELATED LIABILITIES",
      "prior_title": "ASBESTOS-RELATED LIABILITIES",
      "similarity_score": 0.623,
      "confidence": "medium",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Financial Charges",
      "prior_title": "Financial Charges",
      "similarity_score": 0.588,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"99 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.573,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Carrying Amountof Hedged ItemCumulative Amount ofFair Value Hedging AdjustmentIncluded in the CarryingAmount of Hedged ItemDecember 31, 2025December 31, 2024December 31, 2025December 31, 2024Long-term debt$3,989 $3,763 $(79)$(136)",
      "prior_title": "Carrying Amountof Hedged ItemCumulative Amount ofFair Value Hedging AdjustmentIncluded in the CarryingAmount of Hedged ItemDecember 31, 2024December 31, 2023December 31, 2024December 31, 2023Long-term debt$3,763 $4,551 $(136)$(166)",
      "similarity_score": 0.572,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"Long-term debt Long-term debt 89 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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 —"
    },
    {
      "status": "MODIFIED",
      "current_title": "Income (Expense)",
      "prior_title": "(Income) Expense",
      "similarity_score": 0.562,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"90 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "OTHER INFORMATION",
      "prior_title": "OTHER INFORMATION",
      "similarity_score": 0.556,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "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)."
    },
    {
      "status": "MODIFIED",
      "current_title": "CONSOLIDATED STATEMENT OF CASH FLOWS—(Continued)",
      "prior_title": "HONEYWELL INTERNATIONAL INC.",
      "similarity_score": 0.555,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"58 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Comparison of Cumulative Five-Year Total Return",
      "prior_title": "Comparison of Cumulative Five-Year Total Return",
      "similarity_score": 0.546,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.542,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Exercisable at December 31, 2025",
      "prior_title": "Vested and expected to vest at December 31, 20241",
      "similarity_score": 0.536,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"Represents the sum of vested options of 6.9 million and expected to vest options of 2.5 million.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Total Liabilities held for sale",
      "prior_title": "Total Liabilities held for sale",
      "similarity_score": 0.511,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"During 2024 and 2023, there were no significant divestitures individually or in the aggregate.\""
      ],
      "current_body": "During 2024 and 2023, there were no significant divestitures individually or in the aggregate.",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "Total Accrued liabilities1",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.474,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"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.\""
      ],
      "current_body": "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.",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "Operating Leases",
      "prior_title": "Operating Leases",
      "similarity_score": 0.474,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"87 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "NOTE 11. DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS"
    },
    {
      "status": "MODIFIED",
      "current_title": "Total net repositioning and other (gains) charges",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "similarity_score": 0.471,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"The following table summarizes the pre-tax amount of total net repositioning and other (gains) charges by reportable business segment.\""
      ],
      "current_body": "1 Refer to Note 19 Commitments and Contingencies for further discussion of the 2025 asbestos liabilities divestiture transaction and gain related to the Resideo indemnification and reimbursement agreement termination. The following table summarizes the pre-tax distribution of total net repositioning and other (gains) charges by classification in the Consolidated Statement of Operations: Years Ended December 31,202520242023Cost of products and services sold$513 $109 $680 Selling, general and administrative expenses122 113 163 Other (income) expense(802)17 1 Total net repositioning and other (gains) charges$(167)$239 $844",
      "prior_body": "In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU was effective on January 1, 2023, except for the rollforward, which was effective on January 1, 2024. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "MODIFIED",
      "current_title": "TAX EXPENSE",
      "prior_title": "TAX EXPENSE",
      "similarity_score": 0.46,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"Tax expense consists of: Years Ended December 31,202520242023Current U.S.\""
      ],
      "current_body": "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",
      "prior_body": "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"
    },
    {
      "status": "MODIFIED",
      "current_title": "HONEYWELL INTERNATIONAL INC.",
      "prior_title": "CONSOLIDATED BALANCE SHEET",
      "similarity_score": 0.456,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"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.\"",
        "Reworded sentence: \"57 Honeywell International Inc.\""
      ],
      "current_body": "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",
      "prior_body": "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 $323, respectively The Notes to Consolidated Financial Statements are an integral part of this statement.54 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement.54 Honeywell International Inc. The Notes to Consolidated Financial Statements are an integral part of this statement. 54 Honeywell International Inc. TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTSFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS"
    },
    {
      "status": "MODIFIED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "Financial Charges",
      "similarity_score": 0.45,
      "confidence": "low",
      "key_changes": [
        "Reworded sentence: \"Year Ended December 31, 2024Affected Line in the Consolidated Statement of OperationsNet SalesCost ofProducts SoldCost ofServices SoldSelling, General andAdministrative ExpensesOther(Income) ExpenseInterest and OtherFinancial ChargesTotalAmortization of pension and other postretirement benefit items Actuarial losses recognized$— $— $— $— $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\""
      ],
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.",
      "prior_body": "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"
    },
    {
      "status": "UNCHANGED",
      "current_title": "INTEREST RATE RISK MANAGEMENT",
      "prior_title": "INTEREST RATE RISK MANAGEMENT",
      "current_body": "Financial instruments, including derivatives, expose the Company to market risk related to changes in interest rates. The Company uses a combination of financial instruments, including long-term, medium-term, and short-term financing, variable-rate commercial paper, and interest rate swaps to convert the interest rate mix of the Company's total debt portfolio and related overall cost of borrowing."
    },
    {
      "status": "UNCHANGED",
      "current_title": "PRINCIPAL ACCOUNTING FEES AND SERVICES",
      "prior_title": "PRINCIPAL ACCOUNTING FEES AND SERVICES",
      "current_body": "Information relating to fees paid to and services performed by Deloitte & Touche LLP and our Audit Committee’s pre-approval policies and procedures with respect to non-audit services will be contained in the Proxy Statement, and such information is incorporated herein by reference."
    },
    {
      "status": "UNCHANGED",
      "current_title": "DERIVATIVES AND HEDGING ACTIVITIES",
      "prior_title": "DERIVATIVES AND HEDGING ACTIVITIES",
      "current_body": "The Company uses derivative financial instruments to manage its risks related to interest rates, foreign currency exchange rates, and commodity prices. Derivative financial instruments are not used for trading or other speculative purposes."
    },
    {
      "status": "UNCHANGED",
      "current_title": "ENVIRONMENTAL",
      "prior_title": "ENVIRONMENTAL",
      "current_body": "The Company accrues costs related to environmental matters when it is probable that it has incurred a liability related to a contaminated site and the amount can be reasonably estimated. See Note 19 Commitments and Contingencies for additional information."
    },
    {
      "status": "UNCHANGED",
      "current_title": "USE OF ESTIMATES",
      "prior_title": "USE OF ESTIMATES",
      "current_body": "In preparation of the consolidated financial statements in accordance with generally accepted accounting principles, the Company makes certain estimates and assumptions in determining the amounts reflected in the financial statements and the related notes. Actual results could differ from those estimates."
    },
    {
      "status": "UNCHANGED",
      "current_title": "CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE",
      "prior_title": "CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE",
      "current_body": "Information relating to certain relationships and related transactions and director independence will be contained in the Proxy Statement, and such information is incorporated herein by reference."
    },
    {
      "status": "UNCHANGED",
      "current_title": "REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM",
      "prior_title": "REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM",
      "current_body": "To the shareowners and the Board of Directors of Honeywell International Inc."
    },
    {
      "status": "UNCHANGED",
      "current_title": "CREDIT RISK MANAGEMENT",
      "prior_title": "CREDIT RISK MANAGEMENT",
      "current_body": "The Company continues to monitor the creditworthiness of its counterparties to mitigate the risk of nonperformance. Financial instruments, including derivatives, expose the Company to counterparty credit risk. In addition, the Company grants credit terms to its customers in the normal course of business. The terms and conditions of the Company's credit sales are designed to mitigate or eliminate concentrations of credit risk with any single customer. The Company's sales are not materially dependent on a single customer or a small group of customers."
    },
    {
      "status": "UNCHANGED",
      "current_title": "Other assets1",
      "prior_title": "Other assets1",
      "current_body": "Other assets 1 Accrued liabilities Accrued liabilities Other liabilities Other liabilities"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Liabilities held for sale",
      "prior_title": "Liabilities held for sale",
      "current_body": "Accounts payable Accrued liabilities Deferred income taxes Other liabilities"
    },
    {
      "status": "UNCHANGED",
      "current_title": "STOCK-BASED COMPENSATION PLANS",
      "prior_title": "STOCK-BASED COMPENSATION PLANS",
      "current_body": "The principal awards issued under the Company's stock-based compensation plans, which are described in Note 15 Stock-Based Compensation Plans, are non-qualified stock options and restricted stock units. The cost for such awards is measured at the grant date based on the fair value of the award. The value of the portion of the award that is ultimately expected to vest is recognized as expense over the requisite service periods (generally the vesting period of the equity award) and is included in Selling, general and administrative expenses. Forfeitures are estimated at the time of grant to recognize expense for those awards expected to vest and are based on the Company's historical forfeiture rates."
    },
    {
      "status": "UNCHANGED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "UNCHANGED",
      "current_title": "PROPERTY, PLANT AND EQUIPMENT",
      "prior_title": "PROPERTY, PLANT AND EQUIPMENT",
      "current_body": "Property, plant and equipment are recorded at cost, including any asset retirement obligations, less accumulated depreciation. For financial reporting, the straight-line method of depreciation is used over the estimated useful lives of 10 to 50 years for buildings and improvements and three to 16 years for machinery and equipment. Recognition of the fair value of obligations associated with the retirement of tangible long-lived assets is required when there is a legal obligation to incur such costs. Upon initial recognition of a liability, the cost is capitalized as part of the related long-lived asset and depreciated over the corresponding asset’s useful life. three"
    },
    {
      "status": "UNCHANGED",
      "current_title": "PRINCIPLES OF CONSOLIDATION",
      "prior_title": "PRINCIPLES OF CONSOLIDATION",
      "current_body": "The Consolidated Financial Statements include the accounts of Honeywell International Inc. and all of its subsidiaries and entities in which a controlling interest is maintained. The Company's consolidation policy requires equity investments that the Company exercises significant influence over, but does not control the investee and are not the primary beneficiary of the investee’s activities, to be accounted for using the equity method. Investments through which the Company is not able to exercise significant influence over the investee and which the Company does not have readily determinable fair values are accounted for under the cost method. All intercompany transactions and balances are eliminated in consolidation."
    },
    {
      "status": "UNCHANGED",
      "current_title": "ACCOUNTING PRINCIPLES",
      "prior_title": "ACCOUNTING PRINCIPLES",
      "current_body": "The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America. The following is a description of Honeywell’s significant accounting policies."
    },
    {
      "status": "UNCHANGED",
      "current_title": "QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS",
      "prior_title": "QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISKS",
      "current_body": "Information relating to market risks is included within Liquidity and Capital Resources of our Form 10-K under the caption “Financial Instruments.”"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Critical Audit Matter",
      "prior_title": "Critical Audit Matter",
      "current_body": "The critical audit matter communicated below is a matter arising from the current-period audit of the financial statements that was communicated or required to be communicated to the audit committee and that (1) relates to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing a separate opinion on the critical audit matter or on the accounts or disclosures to which it relates."
    },
    {
      "status": "UNCHANGED",
      "current_title": "CASH AND CASH EQUIVALENTS",
      "prior_title": "CASH AND CASH EQUIVALENTS",
      "current_body": "Cash and cash equivalents include cash on hand and highly liquid investments having an original maturity of three months or less."
    },
    {
      "status": "UNCHANGED",
      "current_title": "RESEARCH AND DEVELOPMENT",
      "prior_title": "RESEARCH AND DEVELOPMENT",
      "current_body": "Research and development costs for projects are expensed as incurred, unless these costs relate to contracts with customers where the Company receives reimbursements. Costs related to contracts with customers for customer-sponsored research and development projects are included as a contract cost and included in Cost of products and services sold when revenue from such contracts is recognized, consistent with the Company's sales recognition policies."
    },
    {
      "status": "UNCHANGED",
      "current_title": "EARNINGS PER SHARE",
      "prior_title": "EARNINGS PER SHARE",
      "current_body": "Basic earnings per share is based on the weighted average number of common shares outstanding. Diluted earnings per share is based on the weighted average number of common shares outstanding and all dilutive potential common shares outstanding."
    },
    {
      "status": "UNCHANGED",
      "current_title": "How the Critical Audit Matter Was Addressed in the Audit",
      "prior_title": "How the Critical Audit Matter Was Addressed in the Audit",
      "current_body": "Our audit procedures related to long-term contracts included the following, among others: •We tested the effectiveness of internal controls over the recognition of revenue and the determination of estimated contract costs including controls over the review of management’s assumptions and key inputs used to recognize revenue and costs on long-term contracts using the cost-to-cost input method. •We evaluated the appropriateness and consistency of management’s methods and assumptions used to recognize revenue and costs on long-term contracts using the cost-to-cost input method to recognize revenue over time. •We tested recorded revenue using a combination of analytical procedures and detailed contract testing."
    },
    {
      "status": "UNCHANGED",
      "current_title": "PENSION BENEFITS",
      "prior_title": "PENSION BENEFITS",
      "current_body": "The Company presents net periodic pension costs by disaggregating the service cost component of such costs and reports those costs in the same line item or items in the Consolidated Statement of Operations as other compensation costs arising from services rendered by the pertinent employees during the period. The other non-service components of such costs are required to be presented separately from the service cost component. The Company records the service cost component of Pension ongoing (income) expense in Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses. The remaining components of costs within Pension ongoing (income) expense, primarily interest costs and assumed return on plan assets, are recorded in Other (income) expense. The Company recognizes net actuarial gains or losses in excess of 10% of the greater of the fair value of plan assets or the plan's projected benefit obligation (the corridor) annually in the fourth quarter each year (MTM Adjustment). The MTM Adjustment is also reported in Other (income) expense."
    },
    {
      "status": "UNCHANGED",
      "current_title": "ASBESTOS MATTERS",
      "prior_title": "ASBESTOS MATTERS",
      "current_body": "Honeywell is named in asbestos-related personal injury claims related to North American Refractories Company (NARCO), which was sold in 1986, and the Bendix Friction Materials (Bendix) business, which was sold in 2014. The following tables summarize information concerning NARCO and Bendix asbestos-related balances:"
    },
    {
      "status": "UNCHANGED",
      "current_title": "LEGAL PROCEEDINGS",
      "prior_title": "LEGAL PROCEEDINGS",
      "current_body": "We are subject to a number of lawsuits, investigations, and claims (some of which involve substantial amounts) arising out of the conduct of our business. See a discussion of environmental, asbestos, and other litigation matters in Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements. There were no matters requiring disclosure pursuant to the requirement to disclose certain environmental matters involving potential monetary sanctions in excess of $300,000."
    },
    {
      "status": "UNCHANGED",
      "current_title": "INVENTORIES",
      "prior_title": "INVENTORIES",
      "current_body": "Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Carrying value adjustments for inventory obsolescence is equal to the difference between the cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Items capable of being sold, including as spare parts, are classified as finished goods."
    },
    {
      "status": "UNCHANGED",
      "current_title": "FOREIGN CURRENCY TRANSLATION",
      "prior_title": "FOREIGN CURRENCY TRANSLATION",
      "current_body": "Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than the U.S. dollar are translated into U.S. dollars using year-end exchange rates. Sales, costs, and expenses are translated at the average exchange rates in effect during the year. Foreign currency translation gains and losses are included as a component of Accumulated other comprehensive loss. For subsidiaries operating in highly inflationary environments, inventories and property, plant and equipment, including related expenses, are remeasured at the exchange rate in effect on the date the assets were acquired, while monetary assets and liabilities are remeasured at year-end exchange rates. Remeasurement adjustments for these subsidiaries are included in earnings."
    },
    {
      "status": "UNCHANGED",
      "current_title": "Basis for Opinions",
      "prior_title": "Basis for Opinions",
      "current_body": "The Company’s management is responsible for these financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Report on Internal Control Over Financial Reporting. Our responsibility is to express an opinion on these financial statements and an opinion on the Company’s internal control over financial reporting based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was maintained in all material respects. Our audits of the financial statements included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures to respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions."
    },
    {
      "status": "UNCHANGED",
      "current_title": "CAPITALIZED SOFTWARE",
      "prior_title": "CAPITALIZED SOFTWARE",
      "current_body": "The Company capitalizes costs of software developed or obtained for internal use during the application development stage of a project and amortizes those costs using the straight-line method over the expected useful life of the software, not to exceed seven years. Costs incurred during the preliminary and post-implementation stages are expensed as incurred. Development costs for software held for sale are capitalized once a project has reached the point of technological feasibility. Completed projects are amortized after reaching the point of general availability using the straight-line method based on the expected useful life, not to exceed seven years. At each balance sheet date, or earlier if an indicator of an impairment exists, the Company evaluates the recoverability of unamortized capitalized software costs based on estimated future undiscounted revenues net of estimated related costs over the remaining amortization period. Capitalized software held for internal use and held for sale is included in Other assets in the Consolidated Balance Sheet."
    },
    {
      "status": "UNCHANGED",
      "current_title": "Financial Charges",
      "prior_title": "Financial Charges",
      "current_body": "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"
    },
    {
      "status": "UNCHANGED",
      "current_title": "DERIVATIVE FINANCIAL INSTRUMENTS",
      "prior_title": "DERIVATIVE FINANCIAL INSTRUMENTS",
      "current_body": "All derivative financial instruments are recorded on the balance sheet as assets or liabilities and measured at fair value. For derivatives designated as hedges of the fair value of assets or liabilities, the changes in fair values of both the derivatives and the hedged items are recorded in current earnings. For derivatives designated as cash flow hedges, the changes in fair value of the derivatives are recorded in Accumulated other comprehensive loss and subsequently recognized in earnings when the hedged items impact earnings. Derivative financial instruments designated as hedges must be designated and effective as a hedge of the identified risk exposure at the inception of the contract. Changes in fair value of the derivative contract must be highly correlated with changes in fair value of the underlying hedged item at inception and over the life of the hedge contract. Cash flows of such derivative financial instruments are classified consistent with the underlying hedged item. The Company elected to exclude the time value of the derivatives (i.e., the forward points) from the assessment of hedge effectiveness and to recognize the initial value of the excluded component in earnings using the amortization approach. For derivative instruments that are designated and qualify as a net investment hedge, the gain or loss is reported as a component of Other comprehensive income (loss) and recorded in Accumulated other comprehensive loss. The gain or loss will be subsequently reclassified into earnings when the hedged net investment is either sold or substantially liquidated. LEASES At the inception of a contract, the Company assesses whether the contract is, or contains, a lease. The assessment is based on (i) whether the contract involves the use of a distinct identified asset, (ii) whether the Company obtains the right to substantially all the economic benefit from the use of the asset throughout the period, and (iii) whether the Company has the right to direct the use of the asset. All significant lease arrangements are generally recognized at lease commencement. Operating lease right-of-use (ROU) assets and lease liabilities are recognized at commencement. An ROU asset and corresponding lease liability are not recorded for leases with an initial term of 12 months or less (short-term leases); however, lease expense for these leases is recognized as incurred over the lease term. ROU assets represent the Company's right to use an underlying asset during the reasonably certain lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. The Company's lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Lease payments may be fixed or variable, however, only fixed payments or in-substance fixed payments are included in determining the lease liability. Variable lease payments are recognized in operating expenses in the period in which the obligation for those payments are incurred. The operating lease ROU asset also includes any lease payments related to initial direct costs and prepayments and excludes lease incentives. Lease expense is recognized on a straight-line basis over the lease term. The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. 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"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Critical Audit Matter Description",
      "prior_title": "Critical Audit Matter Description",
      "current_body": "The Company has several businesses which enter into long-term contracts whereby revenue is recognized over the contract term (“over time”) as the work progresses and control of the goods and services are continuously transferred to the customer. Revenue for these contracts is recognized based on the extent of progress towards completion, generally measured by using a cost-to-cost input method. Accounting for long-term contracts requires management’s judgment in estimating total contract costs. Contract costs, which can be incurred over several years, are largely determined based on negotiated or estimated purchase contract terms and consider factors such as historical performance trends, inflationary trends, technical and schedule risk, internal and subcontractor performance trends, business volume assumptions, asset utilization and anticipated labor agreements. Given the significance of the judgments necessary to estimate costs associated with these long-term contracts (which vary upon the length of the contract), auditing long-term contracts requires a high degree of auditor judgment."
    },
    {
      "status": "UNCHANGED",
      "current_title": "SALES RECOGNITION",
      "prior_title": "SALES RECOGNITION",
      "current_body": "Product and service sales are recognized when or as the Company transfers control of the promised products or services to its customers. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. Service sales, principally representing repair, maintenance, and engineering activities, are recognized over the contractual period or as services are rendered. Sales under long-term contracts with performance obligations satisfied over time are recognized using either an input or output method. The Company recognizes revenue over time as the Company performs on these contracts because of the continuous transfer of control to the customer. With control transferring over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. The Company generally uses the cost-to-cost input method of progress for contracts because it best depicts the transfer of control to the customer that occurs as the Company incurs costs. Under the cost-to-cost input method, the extent of progress towards completion is measured based on the proportion of costs incurred to date to the total estimated costs at completion of the performance obligation. The Company reviews its cost estimates on significant contracts on a periodic basis, or when circumstances change and warrant a modification to a previous estimate. Cost estimates are largely based on negotiated or estimated purchase contract terms, historical performance trends, and other economic projections. Significant factors that influence these estimates include inflationary trends, technical and schedule risks, internal and subcontractor performance trends, business volume assumptions, asset utilization, and anticipated labor agreements. Provisions for anticipated losses on long-term contracts are recorded in full when such losses become evident, to the extent required. The customer funding for costs incurred for nonrecurring engineering and development activities of the Company's products under agreements with commercial customers is deferred and subsequently recognized as revenue as products are delivered to the customers. Additionally, expenses incurred, up to the customer agreed funded amount, are deferred as an asset and recognized as cost of sales when products are delivered to the customer. The deferred customer funding and costs result in recognition of deferred costs (asset) within Other assets and deferred revenue (liability) within Accrued liabilities and Other liabilities in the Consolidated Balance Sheet. Deferred contract fulfillment costs were $1,193 million and $1,156 million as of December 31, 2025, and 2024, respectively. The amounts recognized as Cost of products and services sold were $116 million, $188 million, and $148 million for the years ended December 31, 2025, 2024, and 2023, respectively. Revenues for the Company's mechanical service programs are recognized as performance obligations that are satisfied over time, with recognition reflecting a series of distinct services using the output method. The terms of a contract or the historical business practice can give rise to variable consideration due to, but not limited to, cash-based incentives, rebates, performance awards, or credits. The Company estimates variable consideration at the most likely amount the Company will receive from customers. The Company includes estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized for such transaction will not occur, or when the uncertainty associated with the variable consideration is resolved. The Company's estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of the Company's anticipated performance and all information (historical, current and forecasted) that is reasonably available to the Company."
    },
    {
      "status": "UNCHANGED",
      "current_title": "Data privacy, data protection, and information security may require significant resources and present certain risks.",
      "prior_title": "Data privacy, data protection, and information security may require significant resources and present certain risks.",
      "current_body": "We collect, store, have access to, and otherwise process certain confidential or sensitive data, including proprietary business information, personal data, or other information that is subject to data privacy and security laws, regulations, and/or contractual obligations with third parties. Despite our efforts to protect such data, we may be vulnerable to material security breaches, theft, misplaced or lost data, artificial intelligence-related data leaks, programming errors, or human errors that could potentially lead to the compromise of such data, improper use of our products, systems, software solutions, or networks, unauthorized access, use, disclosure, modification, or destruction of data, defective products, production downtimes, and operational disruptions. A significant actual or perceived risk of theft, loss, fraudulent use or misuse of customer, employee, or other data, including misuse of artificial intelligence features, whether by us, our suppliers, channel partners, customers, or other third parties, as a result of employee error or malfeasance, or as a result of the imaging, software, security, and other products we incorporate into our products, as well as non-compliance with applicable industry standards or our contractual or other legal obligations or privacy and information security policies regarding such data, could result in costs, fines, litigation, or regulatory actions, or could lead customers to select the products and services of our competitors. In addition, we operate in an environment in which there are different and potentially conflicting laws in effect in the U.S. and foreign jurisdictions in which we operate, and we must understand and comply with each law and standard in these jurisdictions while also ensuring the data is secure. Many of these laws impose stringent requirements as to how we collect, store, maintain, transfer, and otherwise process personal data and provide significant or material penalties for noncompliance. Many jurisdictions have passed or are considering laws that require personal data relating to their residents or citizens to be maintained or replicated on local servers or impose specific obligations related to extraterritorial data transfers. Government enforcement actions can be costly and interrupt the regular operation of our business, and actual or alleged violations of such laws, including in relation to the Company’s processing of personal data or adoption of emerging technologies such as artificial intelligence and machine learning, can result in fines, reputational damage, and civil lawsuits, any of which may adversely affect our business, reputation, and financial statements."
    },
    {
      "status": "UNCHANGED",
      "current_title": "EXHIBITS AND FINANCIAL STATEMENT SCHEDULES",
      "prior_title": "EXHIBITS AND FINANCIAL STATEMENT SCHEDULES",
      "current_body": "Page Numberin Form 10-K(a)(1.)Consolidated Financial Statements: Consolidated Statement of Operations for the years ended December 31, 2025, 2024, and 202355Consolidated Statement of Comprehensive Income for the years ended December 31, 2025, 2024, and 202356Consolidated Balance Sheet at December 31, 2025, and 202457Consolidated Statement of Cash Flows for the years ended December 31, 2025, 2024, and 202358Consolidated Statement of Shareowners’ Equity for the years ended December 31, 2025, 2024, and 202359Notes to Consolidated Financial Statements60Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34)121 Consolidated Statement of Operations for the years ended December 31, 2025, 2024, and 2023 55 Consolidated Statement of Comprehensive Income for the years ended December 31, 2025, 2024, and 2023 56 Consolidated Balance Sheet at December 31, 2025, and 2024 57 Consolidated Statement of Cash Flows for the years ended December 31, 2025, 2024, and 2023 58 Consolidated Statement of Shareowners’ Equity for the years ended December 31, 2025, 2024, and 2023 59 60 Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34) 121 Page Numberin Form 10-K(a)(3.)Exhibits See the Exhibit Index of this Annual Report on Form 10-K128 128 FORM 10-K SUMMARY None. 127 Honeywell International Inc. 127 Honeywell International Inc. 127 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS EXHIBIT INDEX Exhibit No.Description3.1Amended and Restated Certificate of Incorporation of Honeywell International Inc., dated June 23, 2025 (incorporated by reference to Exhibit 3.1 to Honeywell's Form 8-K filed June 24, 2025)3.2Amended and Restated By-laws of Honeywell International Inc., dated July 25, 2025 (incorporated by reference to Exhibit 3(i) to Honeywell's Form 8-K filed July 30, 2025)4.1Honeywell International Inc. is a party to several long-term debt instruments under which, in each case, the total amount of securities authorized does not exceed 10% of the total assets of Honeywell and its subsidiaries on a consolidated basis. Pursuant to paragraph 4(iii)(A) of Item 601(b) of Regulation S-K, Honeywell agrees to furnish a copy of such instruments to the Securities and Exchange Commission upon request.4.2Description of Honeywell International Inc. Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (incorporated by reference to Exhibit 4.2 to Honeywell's Form 10-K for the year ended December 31, 2024)10.1*Deferred Compensation Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.2 to Honeywell’s Form 10-Q for the quarter ended June 30, 2003)10.2*Amendment to Deferred Compensation Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 8-K filed December 21, 2004)10.3*Amendment to Deferred Compensation Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.2 to Honeywell’s Form 10-K for the year ended December 31, 2005)10.4*Omnibus Amendment to Deferred Compensation Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.5*Honeywell International Inc. Incentive Compensation Plan for Executive Employees, as amended and restated (incorporated by reference to Exhibit 10.4 to Honeywell’s Form 10-K for the year ended December 31, 2018)10.6*Amendment to Honeywell International Inc. Incentive Compensation Plan for Executive Employees, as amended and restated (incorporated by reference to Exhibit 10.69 to Honeywell’s Form 10-K for the year ended December 31, 2020)10.7*Omnibus Amendment to Honeywell International Inc. Incentive Compensation Plan for Executive Employees, as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.8*Honeywell Excess Benefit Plan and Honeywell Supplemental Savings Plan, as amended and restated (incorporated by reference to Exhibit 10.5 to Honeywell’s Form 10-K for the year ended December 31, 2020)10.9*Omnibus Amendment to Honeywell Excess Benefit Plan and Honeywell Supplemental Savings Plan, as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.10*Honeywell International Inc. Severance Plan for Designated Officers, as amended and restated (incorporated by reference to Exhibit 10.10 to Honeywell's Form 10-K for the year ended December 31, 2022)10.11*Honeywell Deferred Incentive Compensation Plan, as amended and restated (incorporated by reference to Exhibit 10.7 to Honeywell's Form 10-K for the year ended December 31, 2020) 10.12*Omnibus Amendment to Honeywell Deferred Incentive Compensation Plan, as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.13*Honeywell International Inc. Supplemental Pension Plan, as amended and restated (incorporated by reference to Exhibit 10.10 to Honeywell’s Form 10-K for the year ended December 31, 2008)10.14*Amendment to Honeywell International Inc. Supplemental Pension Plan, as amended and restated (incorporated by reference to Exhibit 10.10 to Honeywell’s Form 10-K for the year ended December 31, 2009)10.15*Amendment to Honeywell International Inc. Supplemental Pension Plan, as amended and restated (incorporated by reference to Exhibit 10.7 to Honeywell’s Form 10-K for the year ended December 31, 2015)10.16*Honeywell International Inc. Supplemental Executive Retirement Plan for Executives in Career Band 6 and Above, as amended and restated (incorporated by reference to Exhibit 10.12 to Honeywell’s Form 10-K for the year ended December 31, 2008)10.17*Amendment to Honeywell International Inc. Supplemental Executive Retirement Plan for Executives in Career Band 6 and Above, as amended and restated (incorporated by reference to Exhibit 10.12 to Honeywell’s Form 10-K for the year ended December 31, 2009)10.18*Amendment to Honeywell International Inc. Supplemental Executive Retirement Plan for Executives in Career Band 6 and Above, as amended and restated (incorporated by reference to Exhibit 10.9 to Honeywell’s Form 10-K for the year ended December 31, 2013)10.19*Amendment to Honeywell International Inc. Supplemental Executive Retirement Plan for Executives in Career Band 6 and Above, as amended and restated (incorporated by reference to Exhibit 10.8 to Honeywell’s Form 10-K for the year ended December 31, 2015)10.20*Honeywell Supplemental Defined Benefit Retirement Plan, as amended and restated (incorporated by reference to Exhibit 10.13 to Honeywell’s Form 10-K for the year ended December 31, 2008)10.21*Amendment to Honeywell Supplemental Defined Benefit Retirement Plan, as amended and restated (incorporated by reference to Exhibit 10.13 to Honeywell’s Form 10-K for the year ended December 31, 2009) 3.1 Amended and Restated Certificate of Incorporation of Honeywell International Inc., dated June 23, 2025 (incorporated by reference to Exhibit 3.1 to Honeywell's Form 8-K filed June 24, 2025) 3.2 Amended and Restated By-laws of Honeywell International Inc., dated July 25, 2025 (incorporated by reference to Exhibit 3(i) to Honeywell's Form 8-K filed July 30, 2025) Description of Honeywell International Inc. Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (incorporated by reference to Exhibit 4.2 to Honeywell's Form 10-K for the year ended December 31, 2024) Deferred Compensation Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.2 to Honeywell’s Form 10-Q for the quarter ended June 30, 2003) Amendment to Deferred Compensation Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 8-K filed December 21, 2004) Amendment to Deferred Compensation Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.2 to Honeywell’s Form 10-K for the year ended December 31, 2005) Omnibus Amendment to Deferred Compensation Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) Honeywell International Inc. Incentive Compensation Plan for Executive Employees, as amended and restated (incorporated by reference to Exhibit 10.4 to Honeywell’s Form 10-K for the year ended December 31, 2018) Amendment to Honeywell International Inc. Incentive Compensation Plan for Executive Employees, as amended and restated (incorporated by reference to Exhibit 10.69 to Honeywell’s Form 10-K for the year ended December 31, 2020) Omnibus Amendment to Honeywell International Inc. Incentive Compensation Plan for Executive Employees, as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) Honeywell Excess Benefit Plan and Honeywell Supplemental Savings Plan, as amended and restated (incorporated by reference to Exhibit 10.5 to Honeywell’s Form 10-K for the year ended December 31, 2020) Omnibus Amendment to Honeywell Excess Benefit Plan and Honeywell Supplemental Savings Plan, as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) Honeywell International Inc. Severance Plan for Designated Officers, as amended and restated (incorporated by reference to Exhibit 10.10 to Honeywell's Form 10-K for the year ended December 31, 2022) Honeywell Deferred Incentive Compensation Plan, as amended and restated (incorporated by reference to Exhibit 10.7 to Honeywell's Form 10-K for the year ended December 31, 2020) Omnibus Amendment to Honeywell Deferred Incentive Compensation Plan, as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) Honeywell International Inc. Supplemental Pension Plan, as amended and restated (incorporated by reference to Exhibit 10.10 to Honeywell’s Form 10-K for the year ended December 31, 2008) Amendment to Honeywell International Inc. Supplemental Pension Plan, as amended and restated (incorporated by reference to Exhibit 10.10 to Honeywell’s Form 10-K for the year ended December 31, 2009) Amendment to Honeywell International Inc. Supplemental Pension Plan, as amended and restated (incorporated by reference to Exhibit 10.7 to Honeywell’s Form 10-K for the year ended December 31, 2015) Honeywell International Inc. Supplemental Executive Retirement Plan for Executives in Career Band 6 and Above, as amended and restated (incorporated by reference to Exhibit 10.12 to Honeywell’s Form 10-K for the year ended December 31, 2008) Amendment to Honeywell International Inc. Supplemental Executive Retirement Plan for Executives in Career Band 6 and Above, as amended and restated (incorporated by reference to Exhibit 10.12 to Honeywell’s Form 10-K for the year ended December 31, 2009) Amendment to Honeywell International Inc. Supplemental Executive Retirement Plan for Executives in Career Band 6 and Above, as amended and restated (incorporated by reference to Exhibit 10.9 to Honeywell’s Form 10-K for the year ended December 31, 2013) Amendment to Honeywell International Inc. Supplemental Executive Retirement Plan for Executives in Career Band 6 and Above, as amended and restated (incorporated by reference to Exhibit 10.8 to Honeywell’s Form 10-K for the year ended December 31, 2015) Honeywell Supplemental Defined Benefit Retirement Plan, as amended and restated (incorporated by reference to Exhibit 10.13 to Honeywell’s Form 10-K for the year ended December 31, 2008) Amendment to Honeywell Supplemental Defined Benefit Retirement Plan, as amended and restated (incorporated by reference to Exhibit 10.13 to Honeywell’s Form 10-K for the year ended December 31, 2009) 128 Honeywell International Inc. 128 Honeywell International Inc. 128 Honeywell International Inc. TABLE OF CONTENTSEXHIBIT INDEX TABLE OF CONTENTSEXHIBIT INDEX TABLE OF CONTENTS Exhibit No.Description10.22*Amendment to Honeywell Supplemental Defined Benefit Retirement Plan, as amended and restated (incorporated by reference to Exhibit 10.9 to Honeywell’s Form 10-K for the year ended December 31, 2015)10.23*Honeywell International Inc. Severance Plan for Corporate Staff Employees (Involuntary Termination Following a Change in Control), as amended and restated (incorporated by reference to Exhibit 10.12 to Honeywell’s Form 10-K for the year ended December 31, 2013)10.24*Honeywell Supplemental Retirement Plan (incorporated by reference to Exhibit 10.24 to Honeywell’s Form 10-K for the year ended December 31, 2006)10.25*2006 Stock Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.31 to Honeywell’s Form 10-K for the year ended December 31, 2008)10.26*Amendment to 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.27 to Honeywell’s Form 10-K for the year ended December 31, 2011)10.27*Amendment to 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.24 to Honeywell’s Form 10-K for the year ended December 31, 2014)10.28*Omnibus Amendment to 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.29*2006 Stock Plan for Non-Employee Directors of Honeywell International Inc.—Form of Option Agreement (incorporated by reference to Exhibit 10.3 to Honeywell’s Form 10-Q for the quarter ended March 31, 2012)10.30*Omnibus Amendment to 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc.—Form of Option Agreement (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.31*2007 Honeywell Global Employee Stock Plan (incorporated by reference to Exhibit A of Honeywell’s Proxy Statement, dated March 12, 2007, filed pursuant to Rule 14a-6 of the Securities Exchange Act of 1934)10.32*Omnibus Amendment to 2007 Honeywell Global Employee Stock Plan (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.33*2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit A of Honeywell’s Proxy Statement, dated March 10, 2011, filed pursuant to Rule 14a-6 of the Securities Exchange Act of 1934)10.34*Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.36 to Honeywell’s Form 10-K for the year ended December 31, 2012)10.35*Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended March 31, 2014)10.36*Omnibus Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.37*2011 Stock Incentive Plan of Honeywell International Inc. and Its Affiliates—Form of Stock Option Award Agreement (incorporated by reference to Exhibit 10.4 to Honeywell’s Form 10-Q for the quarter ended March 31, 2014)10.38*Omnibus Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Stock Option Award Agreement (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.39*2011 Stock Incentive Plan of Honeywell International Inc. and Its Affiliates—Form of Stock Option Award Agreement, Form 2 (incorporated by reference to Exhibit 10.39 to Honeywell’s Form 10-K for the year ended December 31, 2014)10.40*Omnibus Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Stock Option Award Agreement, Form 2 (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.41*2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit A of Honeywell’s Proxy Statement, dated March 10, 2016, filed pursuant to Rule 14a-6 of the Securities Exchange Act of 1934)10.42*Amendment to the 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.2 to Honeywell’s Form 10-Q for the quarter ended September 30, 2020)10.43*Omnibus Amendment to 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.44*2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Restricted Stock Unit Agreement, Form 1 (filed herewith)10.45*2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Restricted Stock Unit Agreement, Form 2 (filed herewith)10.46*2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Stock Option Award Agreement (filed herewith)10.47*2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Performance Plan Grant Agreement (incorporated by reference to Exhibit 10.47 to Honeywell's Form 10-K for the year ended December 31, 2024)10.48*2016 Stock Plan for Non-Employee Directors (incorporated by reference to Exhibit B of Honeywell’s Proxy Statement, dated March 10, 2016, filed pursuant to Rule 14a-6 of the Securities Exchange Act of 1934)10.49*Amendment to the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (incorporated by reference to Exhibit 99.2 to Honeywell's Form 8-K filed October 8, 2019)10.50*Amendment to the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2020)10.51*Omnibus Amendment to 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) Amendment to Honeywell Supplemental Defined Benefit Retirement Plan, as amended and restated (incorporated by reference to Exhibit 10.9 to Honeywell’s Form 10-K for the year ended December 31, 2015) Honeywell International Inc. Severance Plan for Corporate Staff Employees (Involuntary Termination Following a Change in Control), as amended and restated (incorporated by reference to Exhibit 10.12 to Honeywell’s Form 10-K for the year ended December 31, 2013) Honeywell Supplemental Retirement Plan (incorporated by reference to Exhibit 10.24 to Honeywell’s Form 10-K for the year ended December 31, 2006) 10.25* 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.31 to Honeywell’s Form 10-K for the year ended December 31, 2008) 10.26* Amendment to 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.27 to Honeywell’s Form 10-K for the year ended December 31, 2011) 10.27* Amendment to 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.24 to Honeywell’s Form 10-K for the year ended December 31, 2014) 10.28* Omnibus Amendment to 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc., as amended and restated (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 10.29* 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc.—Form of Option Agreement (incorporated by reference to Exhibit 10.3 to Honeywell’s Form 10-Q for the quarter ended March 31, 2012) 10.30* Omnibus Amendment to 2006 Stock Plan for Non-Employee Directors of Honeywell International Inc.—Form of Option Agreement (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 10.31* 2007 Honeywell Global Employee Stock Plan (incorporated by reference to Exhibit A of Honeywell’s Proxy Statement, dated March 12, 2007, filed pursuant to Rule 14a-6 of the Securities Exchange Act of 1934) 10.32* Omnibus Amendment to 2007 Honeywell Global Employee Stock Plan (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 10.33* 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit A of Honeywell’s Proxy Statement, dated March 10, 2011, filed pursuant to Rule 14a-6 of the Securities Exchange Act of 1934) 10.34* Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.36 to Honeywell’s Form 10-K for the year ended December 31, 2012) 10.35* Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended March 31, 2014) 10.36* Omnibus Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 10.37* 2011 Stock Incentive Plan of Honeywell International Inc. and Its Affiliates—Form of Stock Option Award Agreement (incorporated by reference to Exhibit 10.4 to Honeywell’s Form 10-Q for the quarter ended March 31, 2014) 10.38* Omnibus Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Stock Option Award Agreement (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 10.39* 2011 Stock Incentive Plan of Honeywell International Inc. and Its Affiliates—Form of Stock Option Award Agreement, Form 2 (incorporated by reference to Exhibit 10.39 to Honeywell’s Form 10-K for the year ended December 31, 2014) 10.40* Omnibus Amendment to 2011 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Stock Option Award Agreement, Form 2 (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 10.41* 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit A of Honeywell’s Proxy Statement, dated March 10, 2016, filed pursuant to Rule 14a-6 of the Securities Exchange Act of 1934) 10.42* Amendment to the 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.2 to Honeywell’s Form 10-Q for the quarter ended September 30, 2020) 10.43* Omnibus Amendment to 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 10.44* 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Restricted Stock Unit Agreement, Form 1 (filed herewith) 10.45* 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Restricted Stock Unit Agreement, Form 2 (filed herewith) 10.46* 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Stock Option Award Agreement (filed herewith) 10.47* 2016 Stock Incentive Plan of Honeywell International Inc. and its Affiliates—Form of Performance Plan Grant Agreement (incorporated by reference to Exhibit 10.47 to Honeywell's Form 10-K for the year ended December 31, 2024) 10.48* 2016 Stock Plan for Non-Employee Directors (incorporated by reference to Exhibit B of Honeywell’s Proxy Statement, dated March 10, 2016, filed pursuant to Rule 14a-6 of the Securities Exchange Act of 1934) 10.49* Amendment to the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (incorporated by reference to Exhibit 99.2 to Honeywell's Form 8-K filed October 8, 2019) Amendment to the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2020) Omnibus Amendment to 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 129 Honeywell International Inc. 129 Honeywell International Inc. 129 Honeywell International Inc. TABLE OF CONTENTSEXHIBIT INDEX TABLE OF CONTENTSEXHIBIT INDEX TABLE OF CONTENTS Exhibit No.Description10.52*2016 Stock Plan for Non-Employee Directors of Honeywell International Inc.—Form of Stock Option Award Agreement (incorporated by reference to Exhibit 10.6 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.53*2016 Stock Plan for Non-Employee Directors of Honeywell International Inc.—Form of Restricted Stock Unit Agreement (incorporated by reference to Exhibit 10.7 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021)10.54*Amendment to the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (incorporated by reference to Exhibit 10.5 to Honeywell's Form 10-K for the year ended December 31, 2023)10.55*Form of Honeywell International Inc. Noncompete Agreement for Senior Executives (incorporated by reference to Exhibit 10.61 to Honeywell’s Form 10-K for the year ended December 31, 2021)10.56*Letter Agreement dated October 2, 2017 between Honeywell International Inc. and Anne Madden (incorporated by reference to Exhibit 10.70 to Honeywell’s Form 10-K for the year ended December 31, 2020)10.57*Offer Letter dated April 4, 2025 from Honeywell International Inc. to Anne Madden (incorporated by reference to Exhibit 99.1 to Honeywell's Form 8-K filed April 8, 2025)10.58*Offer Letter dated February 12, 2025 from Honeywell International Inc. to Greg Lewis (incorporated by reference to Exhibit 10.2 to Honeywell's Form 8-K filed February 18, 2025)10.59*Offer Letter dated March 13, 2023 from Honeywell International Inc. to Vimal Kapur (incorporated by reference to Exhibit 10.2 to Honeywell's Form 8-K filed March 14, 2023)10.60*Offer Letter dated July 26, 2022 from Honeywell International Inc. to Vimal Kapur (incorporated by reference to Exhibit 10.1 to Honeywell's Form 10-Q for the quarter ended September 30, 2022, and Honeywell's Form 8-K filed July 28, 2022)10.61*Offer Letter dated October 6, 2023 between Honeywell International Inc. and Lucian Boldea (incorporated by reference to Exhibit 10.65 to Honeywell's Form 10-K for the year ended December 31, 2023)10.62*Offer Letter dated June 12, 2023 between Honeywell International Inc. and James Currier (incorporated by reference to Exhibit 10.66 to Honeywell's Form 10-K for the year ended December 31, 2023)10.63*Offer Letter dated February 7, 2025 from Honeywell International Inc. to Michal Stepniak (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed February 18, 2025)10.64*Offer Letter dated May 5, 2025 from Honeywell International Inc. to James Masso (filed herewith)10.65*Offer Letter dated March 2, 2023 from Honeywell International Inc. to Billal Hammoud (filed herewith)10.66*Offer Letter dated February 17, 2026 from Honeywell International Inc. to James Currier (filed herewith)10.67Cooperation Agreement, by and among Elliott Investment Management L.P., Elliott Associates , L.P., Elliott International, L.P. and Honeywell International Inc., dated as of May 28, 2025 (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed May 28, 2025)10.68364-Day Credit Agreement, dated as of March 17, 2025, among Honeywell International Inc., the banks, financial institutions and other institutional lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents, and the documentation agents named therein (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed March 17, 2025)10.69Delayed Draw Term Loan Agreement, dated as of May 7, 2025, among Honeywell International Inc., Bank of America, N.A., as administrative agent, and the syndication agents and documentation agents named therein in such capacity and as the initial lenders (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed May 8, 2025)10.70Amended and Restated Five-Year Credit Agreement, dated as of March 18, 2024, among Honeywell International Inc., the banks, financial institutions, and other institutional lenders parties thereto, Bank of America, N.A., as administrative agent, Bank of America, N.A., as swing line agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents (incorporated by reference to Exhibit 10.2 to Honeywell's Form 8-K filed March 19, 2024)10.71Fixed Rate Term Loan Credit Agreement, dated as of August 12, 2024, among Honeywell International Inc., the banks, financial institutions, and other institutional lenders parties thereto and Bank of America, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed August 12, 2024)10.72Amended and Restated Buyout Agreement, dated November 20, 2022, between Honeywell International Inc., the North American Refractories Asbestos Personal Injury Settlement Trust, the NARCO Trust Advisory Committee, and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 8-K filed November 21, 2022)19Honeywell International Inc. Insider Trading Policy (incorporated by reference to Exhibit 19 to Honeywell's Form 10-K for the year ended December 31, 2024)21Subsidiaries of the Registrant (filed herewith)23.1Consent of Deloitte & Touche LLP (filed herewith)24Powers of Attorney (filed herewith)31.1Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)31.2Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)32.1Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)32.2Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)95Mine Safety Disclosures (filed herewith) 10.52* 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc.—Form of Stock Option Award Agreement (incorporated by reference to Exhibit 10.6 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 10.53* 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc.—Form of Restricted Stock Unit Agreement (incorporated by reference to Exhibit 10.7 to Honeywell’s Form 10-Q for the quarter ended June 30, 2021) 10.54* Amendment to the 2016 Stock Plan for Non-Employee Directors of Honeywell International Inc. (incorporated by reference to Exhibit 10.5 to Honeywell's Form 10-K for the year ended December 31, 2023) 10.55* Form of Honeywell International Inc. Noncompete Agreement for Senior Executives (incorporated by reference to Exhibit 10.61 to Honeywell’s Form 10-K for the year ended December 31, 2021) 10.56* Letter Agreement dated October 2, 2017 between Honeywell International Inc. and Anne Madden (incorporated by reference to Exhibit 10.70 to Honeywell’s Form 10-K for the year ended December 31, 2020) 10.57* Offer Letter dated April 4, 2025 from Honeywell International Inc. to Anne Madden (incorporated by reference to Exhibit 99.1 to Honeywell's Form 8-K filed April 8, 2025) 10.58* Offer Letter dated February 12, 2025 from Honeywell International Inc. to Greg Lewis (incorporated by reference to Exhibit 10.2 to Honeywell's Form 8-K filed February 18, 2025) 10.59* Offer Letter dated March 13, 2023 from Honeywell International Inc. to Vimal Kapur (incorporated by reference to Exhibit 10.2 to Honeywell's Form 8-K filed March 14, 2023) 10.60* Offer Letter dated July 26, 2022 from Honeywell International Inc. to Vimal Kapur (incorporated by reference to Exhibit 10.1 to Honeywell's Form 10-Q for the quarter ended September 30, 2022, and Honeywell's Form 8-K filed July 28, 2022) 10.61* Offer Letter dated October 6, 2023 between Honeywell International Inc. and Lucian Boldea (incorporated by reference to Exhibit 10.65 to Honeywell's Form 10-K for the year ended December 31, 2023) 10.62* Offer Letter dated June 12, 2023 between Honeywell International Inc. and James Currier (incorporated by reference to Exhibit 10.66 to Honeywell's Form 10-K for the year ended December 31, 2023) 10.63* Offer Letter dated February 7, 2025 from Honeywell International Inc. to Michal Stepniak (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed February 18, 2025) 10.64* Offer Letter dated May 5, 2025 from Honeywell International Inc. to James Masso (filed herewith) 10.65* Offer Letter dated March 2, 2023 from Honeywell International Inc. to Billal Hammoud (filed herewith) Offer Letter dated February 17, 2026 from Honeywell International Inc. to James Currier (filed herewith) Cooperation Agreement, by and among Elliott Investment Management L.P., Elliott Associates , L.P., Elliott International, L.P. and Honeywell International Inc., dated as of May 28, 2025 (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed May 28, 2025) 10.68 364-Day Credit Agreement, dated as of March 17, 2025, among Honeywell International Inc., the banks, financial institutions and other institutional lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents, and the documentation agents named therein (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed March 17, 2025) 10.69 Delayed Draw Term Loan Agreement, dated as of May 7, 2025, among Honeywell International Inc., Bank of America, N.A., as administrative agent, and the syndication agents and documentation agents named therein in such capacity and as the initial lenders (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed May 8, 2025) 10.70 Amended and Restated Five-Year Credit Agreement, dated as of March 18, 2024, among Honeywell International Inc., the banks, financial institutions, and other institutional lenders parties thereto, Bank of America, N.A., as administrative agent, Bank of America, N.A., as swing line agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents (incorporated by reference to Exhibit 10.2 to Honeywell's Form 8-K filed March 19, 2024) 10.71 Fixed Rate Term Loan Credit Agreement, dated as of August 12, 2024, among Honeywell International Inc., the banks, financial institutions, and other institutional lenders parties thereto and Bank of America, N.A., as administrative agent (incorporated by reference to Exhibit 10.1 to Honeywell's Form 8-K filed August 12, 2024) 10.72 Amended and Restated Buyout Agreement, dated November 20, 2022, between Honeywell International Inc., the North American Refractories Asbestos Personal Injury Settlement Trust, the NARCO Trust Advisory Committee, and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (incorporated by reference to Exhibit 10.1 to Honeywell’s Form 8-K filed November 21, 2022) Honeywell International Inc. Insider Trading Policy (incorporated by reference to Exhibit 19 to Honeywell's Form 10-K for the year ended December 31, 2024) Subsidiaries of the Registrant (filed herewith) Consent of Deloitte & Touche LLP (filed herewith) Powers of Attorney (filed herewith) Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith) Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith) Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith) Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith) Mine Safety Disclosures (filed herewith) 130 Honeywell International Inc. 130 Honeywell International Inc. 130 Honeywell International Inc. TABLE OF CONTENTSEXHIBIT INDEX TABLE OF CONTENTSEXHIBIT INDEX TABLE OF CONTENTS Exhibit No.Description97Honeywell International Inc. Clawback Policy dated December 1, 2023 (incorporated by reference to Exhibit 97 to Honeywell's Form 10-K for the year ended December 31, 2023)101.INSThe following financial statements from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL: (i) Consolidated Statements of Operations, (ii) Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheet, (iv) Consolidated Statements of Cash Flows, (v) Consolidated Statements of Shareowners' Equity and (vi) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags (filed herewith)101.SCHiXBRL Taxonomy Extension Schema (filed herewith)101.CALiXBRL Taxonomy Extension Calculation Linkbase (filed herewith)101.DEFiXBRL Taxonomy Extension Definition Linkbase (filed herewith)101.LABiXBRL Taxonomy Extension Label Linkbase (filed herewith)101.PREiXBRL Taxonomy Extension Presentation Linkbase (filed herewith)104Cover page from the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL (and contained in Exhibit 101) (filed herewith) Honeywell International Inc. Clawback Policy dated December 1, 2023 (incorporated by reference to Exhibit 97 to Honeywell's Form 10-K for the year ended December 31, 2023) The following financial statements from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL: (i) Consolidated Statements of Operations, (ii) Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheet, (iv) Consolidated Statements of Cash Flows, (v) Consolidated Statements of Shareowners' Equity and (vi) Notes to Consolidated Financial Statements, tagged as blocks of text and including detailed tags (filed herewith) Cover page from the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, formatted in Inline XBRL (and contained in Exhibit 101) (filed herewith) The Exhibits identified above with an asterisk (*) are management contracts or compensatory plans or arrangements. 131 Honeywell International Inc. 131 Honeywell International Inc. 131 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. HONEYWELL INTERNATIONAL INC. Date: February 17, 2026 By: /s/ Robert D. Mailloux Robert D. MaillouxVice President and Controller(on behalf of the Registrantand as the Registrant’sPrincipal Accounting Officer) 132 Honeywell International Inc. 132 Honeywell International Inc. 132 Honeywell International Inc. TABLE OF CONTENTSSIGNATURES TABLE OF CONTENTSSIGNATURES TABLE OF CONTENTS Pursuant to the requirements of the Securities Exchange Act of 1934, this annual report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the date indicated: Name Name /s/ Vimal Kapur *Vimal KapurChairman and Chief Executive Officer(Principal Executive Officer) Michael W. LamachDirector **Duncan B. AngoveDirectorCraig ArnoldDirector**William S. AyerDirectorGrace D. LiebleinDirector* *Kevin BurkeDirector Marc SteinbergDirector * *D. Scott DavisDirector Robin WatsonDirector * *Deborah FlintDirector Stephen WilliamsonDirector * Indra K. NooyiDirector /s/ Michal Stepniak /s/ Robert D. MaillouxMichal StepniakSenior Vice President andChief Financial Officer(Principal Financial Officer) Robert D. MaillouxVice President and Controller(Principal Accounting Officer) Craig Arnold Director Marc Steinberg Director Stephen Williamson Director Indra K. Nooyi Director /s/ Michal Stepniak Michal Stepniak Senior Vice President and Chief Financial Officer (Principal Financial Officer) *By: /s/ Michal Stepniak Michal StepniakAttorney-in-fact /s/ Michal Stepniak Michal Stepniak Attorney-in-fact February 17, 2026 133 Honeywell International Inc. 133 Honeywell International Inc. 133 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS FORM 10-K CROSS-REFERENCE INDEX Page(s)PART I2ITEM 1About Honeywell49 Information about Our Executive Officers30ITEM 1A.Risk Factors50ITEM 1B.Unresolved Staff Comments50ITEM 1C.Cybersecurity51ITEM 2Properties51ITEM 3Legal Proceedings51ITEM 4Mine Safety DisclosuresPART II.52ITEM 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity SecuritiesITEM 6[Reserved]15 - 29,40 - 48ITEM 7Management’s Discussion and Analysis of Financial Condition and Results of Operations40ITEM 7A.Quantitative and Qualitative Disclosures about Market Risks54ITEM 8Financial Statements and Supplementary Data123ITEM 9Changes in and Disagreements with Accountants on Accounting and Financial Disclosure123ITEM 9A.Controls and Procedures124ITEM 9B.Other Information125ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent InspectionsPart III.125ITEM 10Directors, Executive Officers, and Corporate Governance125ITEM 11Executive Compensation126ITEM 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters127ITEM 13Certain Relationships and Related Transactions, and Director Independence127ITEM 14Principal Accounting Fees and ServicesPart IV.127ITEM 15Exhibits and Financial Statement Schedules127ITEM 16Form 10-K Summary132Signatures 2 About Honeywell 49 Information about Our Executive Officers 30 Risk Factors 50 Unresolved Staff Comments 50 Cybersecurity 51 Properties 51 Legal Proceedings 51 Mine Safety Disclosures 52 Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 15 - 29, 40 - 48 Management’s Discussion and Analysis of Financial Condition and Results of Operations 40 Quantitative and Qualitative Disclosures about Market Risks 54 Financial Statements and Supplementary Data 123 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 123 Controls and Procedures 124 Other Information 125 ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 125 Directors, Executive Officers, and Corporate Governance 125 Executive Compensation 126 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 127 Certain Relationships and Related Transactions, and Director Independence 127 Principal Accounting Fees and Services 127 Exhibits and Financial Statement Schedules 127 Form 10-K Summary 132 Signatures 134 Honeywell International Inc. 134 Honeywell International Inc. 134 Honeywell International Inc."
    },
    {
      "status": "UNCHANGED",
      "current_title": "CRITICAL ACCOUNTING ESTIMATES",
      "prior_title": "CRITICAL ACCOUNTING ESTIMATES",
      "current_body": "The preparation of our consolidated financial statements in accordance with generally accepted accounting principles is based on the selection and application of accounting policies that require us to make significant estimates and assumptions about the effects of matters that are inherently uncertain. Many estimates and assumptions involved in the application of accounting principles have a material impact on reported financial condition and operating performance and on the comparability of such reported information over different reporting periods. Critical accounting estimates or assumptions are those where the nature of the estimates or assumptions is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change, and the impact of the estimates and assumptions on financial condition or operating performance is material. We consider the estimates and assumptions discussed below to be critical to the understanding of our financial statements. Actual results could differ from our estimates and assumptions, and any such differences could be material to our consolidated financial statements. Sales Recognition on Long-Term Contracts—We recognize sales for long-term contracts with performance obligations satisfied over time using either an input or output method. We recognize revenue over time as we perform on these contracts based on the continuous transfer of control to the customer. With control transferring over time, revenue is recognized based on the extent of progress towards completion of the performance obligation. We generally use the cost-to-cost input method of progress for our contracts because it best depicts the transfer of control to the customer that occurs as we incur costs. Under the cost-to-cost input method, the extent of progress towards completion is measured based on the proportion of costs incurred to date to the total estimated costs at completion of the performance obligation. Due to the nature of the work required to be performed on many of our performance obligations, the estimation of total revenue and cost at completion requires judgment. Contract revenues are largely determined by negotiated contract prices and quantities, modified by our assumptions regarding contract options, change orders, incentive and award provisions associated with technical performance and price adjustment clauses (such as inflation or index-based clauses). Cost estimates are largely based on negotiated or estimated purchase contract terms, historical performance trends, and other economic projections. Significant factors that influence these estimates include inflationary trends, technical and schedule risks, internal and subcontractor performance trends, business volume assumptions, asset utilization, and anticipated labor agreements. Revenue and cost estimates are regularly monitored and revised based on changes in circumstances. Impacts from changes in estimates of net sales and cost of sales are recognized on a cumulative catch-up basis, which recognizes in the current period the cumulative effect of the changes on current and prior periods based on a performance obligation’s percentage of completion. Anticipated losses on long-term contracts are recognized when such losses become evident. We maintain financial controls over the customer qualification, contract pricing, and estimation processes to reduce the risk of contract losses. Income Taxes—On a recurring basis, we assess the need for a valuation allowance against our deferred tax assets by considering all available positive and negative evidence, such as past operating results, projections of future taxable income, enacted tax law changes, and the feasibility and impact of tax planning initiatives. Our projections of future taxable income include a number of estimates and assumptions regarding our volume, pricing and costs, as well as the timing and amount of reversals of taxable temporary differences. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, including resolution of any related appeals and litigation. We assess our income tax positions based upon our evaluation of the facts, circumstances, and information available at the reporting date. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more likely than not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. See Note 1 Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements for further discussion of additional income tax policies. Goodwill and Indefinite-Lived Intangible Assets—The Company’s business combinations typically result in the recognition of goodwill and intangible assets. The Company generally engages an independent third-party valuation specialist for assistance in the allocation of the purchase price and determination of the fair value of goodwill and intangible assets, which involves the use of accounting estimates and assumptions based on information available at or near the acquisition date. The Company believes the accounting estimates and assumptions are reasonable based on information available at the date of acquisition through historical experience and information obtained from management of the acquired entity; however, there is inherent uncertainty in the accounting estimates as assumptions are forward-looking and could be affected by future economic and market conditions. 46 Honeywell International Inc. 46 Honeywell International Inc. 46 Honeywell International Inc. TABLE OF CONTENTSCRITICAL ACCOUNTING ESTIMATES TABLE OF CONTENTSCRITICAL ACCOUNTING ESTIMATES TABLE OF CONTENTS Goodwill and intangible assets deemed to have indefinite lives are not amortized, but are subject to annual, or more frequent, if necessary, impairment testing. In testing goodwill and indefinite-lived intangible assets, the fair value is estimated primarily utilizing a discounted cash flow approach, including strategic and annual operating plans, adjusted for terminal value assumptions, as well as estimated sales prices for businesses classified as held for sale. These impairment tests involve the use of accounting estimates and assumptions, and changes to those assumptions could materially impact our financial condition or operating performance if actual results differ from such accounting estimates and assumptions. To address this uncertainty, we perform sensitivity analyses on key accounting estimates and assumptions. Once the fair value is determined, if the carrying amount exceeds the fair value, it is impaired. Any impairment is measured as the difference between the carrying amount and its fair value. Definite-Lived Intangible Assets—The Company’s business combinations typically result in the recognition of customer relationships, patents, and trademarks, in addition to other definite-lived intangible assets. The determination of fair value for definite-lived intangible assets, useful lives for amortization purposes, and whether or not intangible assets are impaired involves the use of accounting estimates and assumptions. The assumptions used in developing the accounting estimates may include business growth rates, sales volume, selling prices and costs, cash flows, and the discount rate selected. Changes to those assumptions could materially impact our financial condition or operating performance if actual results differ from such estimates and assumptions. We evaluate the recoverability of the carrying amount of our definite-lived intangible assets whenever events or changes in circumstances indicate that the carrying amount of a definite-lived intangible asset group may not be fully recoverable. The principal factors in considering when to perform an impairment review are as follows: •Significant under-performance (i.e., declines in sales, earnings, or cash flows) of a business or product line in relation to expectations; •Annual operating plans or strategic plan outlook that indicates an unfavorable trend in operating performance of a business or product line; •Significant negative industry or economic trends; or •Significant changes or planned changes in our use of the assets. Once it is determined that an impairment review is necessary, recoverability of assets is measured by comparing the carrying amount of the asset group to the estimated future undiscounted cash flows. If the carrying amount exceeds the estimated future undiscounted cash flows, impairment is then measured as the excess, if any, of the carrying amount of the asset group over its fair value. The fair value estimates are subject to changes in the economic environment, including market interest rates and expected volatility. Management believes the estimates of future cash flows and fair values are reasonable; however, changes in estimates due to variances from assumptions could materially affect the valuations. Defined Benefit Pension Plans—We sponsor both funded and unfunded U.S. and non-U.S. defined benefit pension plans. For financial reporting purposes, net periodic pension (income) expense is calculated annually based upon various actuarial assumptions, including a discount rate for plan obligations and an expected long-term rate of return on plan assets. Changes in the discount rate and expected long-term rate of return on plan assets could materially affect the annual pension (income) expense amount. Annual pension (income) expense is comprised of service and interest cost, assumed return on plan assets, prior service amortization (Pension ongoing (income) expense), and a potential mark-to-market adjustment (MTM Adjustment). The key assumptions used in developing our net periodic pension (income) expense for our U.S. plans included the following: 202520242023Discount rate Projected benefit obligation5.57 %4.97 %5.17 %Service cost5.55 %5.06 %5.26 %Interest cost5.28 %4.89 %5.07 %Assets Expected rate of return7.25 %7.00 %6.75 %Actual rate of return5.33 %6.52 %7.09 %Actual 10-year average annual compounded rate of return7.49 %7.09 %7.26 % The MTM Adjustment represents the recognition of net actuarial gains or losses in excess of 10% of the greater of the fair value of plan assets or the plans’ projected benefit obligation (the corridor). Net actuarial gains or losses occur when the actual experience differs from any of the various assumptions used to value our pension plans or when assumptions change. The primary factors contributing to actuarial gains or losses are changes in the discount rate used to value pension obligations as of the measurement date each year and the difference between expected and actual returns on plan assets. The mark-to-market accounting method results in the potential for volatile and difficult to forecast MTM Adjustments. These adjustments resulted in expenses of $163 million, $126 million, and $153 million for the years ended December 31, 2025, 2024, and 2023, respectively. 47 Honeywell International Inc. 47 Honeywell International Inc. 47 Honeywell International Inc. TABLE OF CONTENTSCRITICAL ACCOUNTING ESTIMATES TABLE OF CONTENTSCRITICAL ACCOUNTING ESTIMATES TABLE OF CONTENTS We determine the expected long-term rate of return on plan assets utilizing historical plan asset returns over varying long-term periods combined with our expectations of future market conditions and asset mix considerations (see Note 20 Pension and Other Postretirement Benefits of Notes to Consolidated Financial Statements for details on the actual various asset classes and targeted asset allocation percentages for our pension plans). We plan to use an expected rate of return on plan assets of 7.25% for 2026, which is the same assumption used for 2025. The discount rate reflects the market rate on December 31 (measurement date) for high-quality fixed income investments with maturities corresponding to our benefit obligations and is subject to change each year. The discount rate can be volatile from year to year as it is determined based upon prevailing interest rates as of the measurement date. We used a 5.25% discount rate to determine benefit obligations as of December 31, 2025, reflecting a decrease in the market interest rate environment since the prior year-end. In addition to the potential for MTM Adjustments, changes in our expected rate of return on plan assets and discount rate resulting from economic events also affect future Pension ongoing (income) expense. The following table highlights the sensitivity of our U.S. pension obligations and ongoing (income) expense to changes in these assumptions, with all other assumptions remaining constant. These estimates exclude any potential MTM Adjustment: Change in AssumptionImpact on 2026 PensionOngoing ExpenseImpact on Projected Benefit Obligation0.25 percentage point decrease in discount rateDecrease $17 millionIncrease $216 million0.25 percentage point increase in discount rateIncrease $16 millionDecrease $209 million0.25 percentage point decrease in expected rate of return on assetsIncrease $39 million—0.25 percentage point increase in expected rate of return on assetsDecrease $39 million—"
    },
    {
      "status": "UNCHANGED",
      "current_title": "We are impacted by stakeholder interest in public company performance, disclosure, and goal-setting with respect to environmental, social, and governance (ESG) matters.",
      "prior_title": "We are impacted by increasing stakeholder interest in public company performance, disclosure, and goal-setting with respect to environmental, social, and governance (ESG) matters.",
      "current_body": "In response to customer, investor, employee, governmental, and other stakeholder interest in our ESG practices, including our procedures, standards, performance metrics, and goals, we have increased reporting of our ESG programs and performance and have established and announced goals and other objectives related to ESG matters. These goal statements reflect our current plans and aspirations and are not guarantees that we will be able to achieve them. Our ability to achieve any goal or objective, including with respect to ESG initiatives, is subject to numerous risks, many of which are outside of our control. Examples of such risks include: (i) the availability and cost of low- or non-carbon-based energy sources and technologies, (ii) evolving regulatory requirements affecting ESG standards or disclosures, (iii) the availability of suppliers that can meet our sustainability and other standards, (iv) our ability to recruit, develop, and retain talent in our labor markets, and (v) the impact of our organic growth and acquisitions or dispositions of businesses or operations. In addition, standards for tracking and reporting on ESG matters have not been harmonized and continue to evolve. Our processes and controls for reporting of ESG matters may not always comply with evolving and disparate standards for identifying, measuring, and reporting ESG metrics, our interpretation of reporting standards may differ from those of others, and such standards may change over time, any of which could result in significant revisions to our performance metrics, goals, or reported progress in achieving such goals. In addition, certain of our products and services, including offerings in our Defense and Space business unit, are unattractive to certain investors and may cause us to be increasingly subject to ESG-driven investment practices that preclude investment in our debt and equity. On the other hand, some investors have a negative response to ESG practices as a result of anti-ESG sentiment and may choose not to invest in us, or divest in their holdings of us, as a result of our ESG practices and initiatives. Furthermore, there is also an increasing number of state-level anti-ESG initiatives in the U.S. that may conflict with other regulatory requirements, resulting in regulatory uncertainty. If our ESG practices or business portfolio do not meet evolving investor or other stakeholder expectations and standards, then our reputation, our ability to attract or retain employees, and our attractiveness as an investment, supplier, business partner, or acquiror could be negatively impacted. Our failure or perceived failure to pursue or fulfill our goals, targets, and objectives or to satisfy various reporting standards within the timelines we announce, or at all, could have similar negative impacts and expose us to government enforcement actions and private litigation."
    },
    {
      "status": "UNCHANGED",
      "current_title": "CONTROLS AND PROCEDURES",
      "prior_title": "CONTROLS AND PROCEDURES",
      "current_body": "Honeywell management maintains disclosure controls and procedures designed to provide reasonable assurance that information required to be disclosed in reports filed under the Exchange Act is recorded, processed, summarized, and reported within the specified time periods and accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. There have been no changes that have materially affected, or are reasonably likely to materially affect, Honeywell’s internal control over financial reporting that have occurred during the quarter ended December 31, 2025. Our management, with the participation of our CEO and CFO, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) promulgated under the Exchange Act) as of December 31, 2025. Based on these evaluations, our CEO and CFO concluded that our disclosure controls and procedures were effective as of December 31, 2025."
    },
    {
      "status": "UNCHANGED",
      "current_title": "Compressor Controls Corporation",
      "prior_title": "Compressor Controls Corporation",
      "current_body": "On June 30, 2023, the Company acquired 100% of the outstanding equity interests of Compressor Controls Corporation, a turbomachinery services and controls company based in the United States, for total cash consideration of $673 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 Compressor Controls Corporation during the second quarter of 2024. Management recorded intangible assets of $282 million and allocated $351 million to goodwill, which is deductible for tax purposes."
    },
    {
      "status": "UNCHANGED",
      "current_title": "Global climate change and related regulations and changes in customer demand could negatively affect our operations and our business.",
      "prior_title": "Global climate change and related regulations and changes in customer demand could negatively affect our operations and our business.",
      "current_body": "The effects of climate change could create financial risks to our business. For example, the effects of physical impacts of climate change could disrupt our operations by impacting the availability and cost of materials needed for manufacturing, exacerbate existing risks to our supply chain, disrupt our operations, and increase insurance and other operating costs. These factors may impact our decisions to construct new facilities or maintain existing facilities in areas most prone to physical climate risks. We could also face indirect financial risks passed through the supply chain and disruptions that could result in increased prices for our products and the resources needed to produce them. 37 Honeywell International Inc. 37 Honeywell International Inc. 37 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS The growing focus on addressing global climate change has resulted in more regulations designed to reduce GHG emissions and more customer demand for products and services that have a lower carbon footprint or that help businesses and consumers reduce carbon emissions throughout their value chains. These regulations tend to be implemented under global, national and sub-national climate objectives or policies, and target the global warming potential of refrigerants, energy efficiency, and the combustion of fossil fuels. Although we offer and continue to invest in developing solutions that help our customers meet their carbon reduction and sustainability goals, many of our products combust fossil fuels, consume energy, and use refrigerants. Regulations and carbon reduction goals which seek to reduce GHG emissions could reduce demand for such products and present a risk to our business. We may be required to further increase research and development and other capital expenditures in order to develop offerings that meet these new regulations, standards, and customer demands. There can be no assurance that our new product development efforts will be successful, that our products will be accepted by the market, or that economic returns will reflect our investments in new product development. LEGAL AND REGULATORY RISKS"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Our business, reputation, and financial performance may be materially impacted by cybersecurity attacks on our IT infrastructure and products.",
      "prior_title": "Our business, reputation, and financial performance may be materially impacted by cybersecurity attacks on our IT infrastructure and products.",
      "current_body": "Cybersecurity is a critical component of the Company’s enterprise risk management program. Global cybersecurity threats and incidents can range from uncoordinated individual attempts to gain unauthorized access to IT, operational technology, and online services infrastructure to sophisticated and targeted measures known as advanced persistent threats, directed at the Company, its products, its customers, and/or its third-party software and service providers, including cloud providers. Our customers, including the U.S. government, are increasingly requiring cybersecurity protections and mandating cybersecurity standards in our products, and we may incur additional costs to comply with such demands. While we have experienced, and expect to continue to experience, these types of threats and incidents, none of them to date have been material to the Company. We seek to deploy comprehensive measures to deter, prevent, detect, respond to, and mitigate these threats, including identity and access controls, data protection, vulnerability assessments, continuous monitoring of our IT networks and systems, and maintenance of backup and protective systems. Despite these efforts, cybersecurity incidents (against us, parties with whom we contract, or software used in our business), including incidents due to human error, third-party action, including actions of foreign actors, which risk may be exacerbated by the current geopolitical conflicts and U.S. and international response, insider attacks, the introduction of computer viruses and/or malicious or destructive code, phishing or denial-of-service attacks, the introduction of computer viruses and/or malicious or destructive code, ransomware or other malware, social engineering, malfeasance, other unauthorized physical or electronic access, or other vulnerabilities, depending on their nature and scope, could potentially result in the misappropriation, destruction, corruption or unavailability of critical data and confidential or proprietary information (our own or that of third parties), theft of funds, and the disruption of business operations. We face an increased level of risk during significant IT infrastructure transitions, such as those we are undertaking in connection with our spin-off of Solstice and announcement to pursue a separation of Honeywell from Honeywell Aerospace, into independent, U.S. publicly traded companies, which is intended to be completed in the third quarter of 2026. In addition, the techniques used to obtain unauthorized access to sensitive data continue to evolve and become more sophisticated and may not be recognized until launched against a target; accordingly, we may be unable to anticipate these techniques or implement adequate preventative measures, and future cybersecurity incidents could go undetected and persist for an extended period of time. Furthermore, to the extent artificial intelligence capabilities continue to improve and are increasingly adopted, they may be used to identify vulnerabilities and craft increasingly sophisticated cybersecurity attacks, including the use of generative artificial intelligence to conduct more sophisticated social engineering attacks on the Company, suppliers, or customers. In addition, vulnerabilities may be introduced from the use of artificial intelligence by us, our financial services providers and other vendors and third-party providers. Our customers, partners (including our suppliers), subcontractors, and other third parties to whom we entrust confidential data, and on whom we rely on to provide products and services, face similar threats and growing requirements. While we aim to perform cybersecurity due diligence on our key vendors and service providers, we do not control such third parties, and our ability to monitor their cybersecurity-related controls, safeguards and processes is limited. Further, we cannot ensure the cybersecurity measures they take will be sufficient to protect any information we share with them or prevent any disruption arising from a technology failure, cyber-attack, or other information or security breach. We depend on such parties to implement adequate controls and safeguards to protect against and report cyber incidents. If such parties fail to deter, detect, or report cybersecurity incidents in a timely manner, we may suffer from financial and other harm, including to our information, operations, performance, employees, and reputation. The potential consequences of a material cybersecurity incident and its effects include financial loss, reputational damage, litigation with third parties, theft of intellectual property, fines levied by the Federal Trade Commission or other government agencies, diminution in the value of our investment in research, development, and engineering, and increased cybersecurity protection and remediation costs due to the increasing sophistication and proliferation of threats, which in turn could have a material impact on our competitiveness, business, financial condition, and results of operations. In addition, cybersecurity laws and regulations continue to evolve, and are increasingly demanding, both in the U.S. and globally, which adds compliance complexity and may increase our costs of compliance and expose us to reputational damage or litigation, monetary damages, regulatory enforcement actions, or fines in one or more jurisdictions. We cannot be certain that our cybersecurity insurance coverage will be adequate for liabilities actually incurred, that insurance will continue to be available to us on economically reasonable terms, or at all, or that any insurer will not deny coverage as to any future claim."
    },
    {
      "status": "UNCHANGED",
      "current_title": "PETROBRAS AND UNAOIL MATTERS",
      "prior_title": "PETROBRAS AND UNAOIL MATTERS",
      "current_body": "On December 19, 2022, the Company reached a comprehensive resolution to the investigations by the U.S. Department of Justice (DOJ), the SEC, and certain Brazilian authorities (Brazilian Authorities) relating to the Company's use of third parties who previously worked for the Company's UOP business in Brazil in relation to a project awarded in 2010 for Petróleo Brasileiro S.A. (Petrobras). The investigations focused on the Company’s compliance with the U.S. Foreign Corrupt Practices Act and similar Brazilian laws (UOP Matters). The comprehensive resolution also resolves DOJ and SEC investigations relating to a matter involving a foreign subsidiary’s prior contract with Unaoil S.A.M. in Algeria executed in 2011 (the Unaoil Matter). In connection with the comprehensive resolution, (i) the Company agreed to pay a total equivalent of $203 million, which payment occurred in January 2023, to the DOJ, the SEC, and the Brazilian Authorities, collectively, in penalties, disgorgement, and prejudgment interest, (ii) the Company’s subsidiary, UOP, LLC (UOP), entered into a three-year Deferred Prosecution Agreement (DPA) with the DOJ for charges related to the UOP Matters, (iii) UOP entered into leniency agreements with the Brazilian Authorities related to the UOP Matter in Brazil, and (iv) the Company entered into an agreement with the SEC that resolves allegations relating to the UOP Matters and the Unaoil Matter. Pursuant to these agreements, the Company agreed to undertake certain compliance measures and compliance reporting obligations. These agreements entirely resolve the Petrobras and Unaoil investigations. In July 2025, the DOJ filed, and the court granted, a motion for early termination of the DPA, and the deferred charges related to the UOP Matters have been dismissed with prejudice."
    },
    {
      "status": "UNCHANGED",
      "current_title": "A material disruption of our operations, particularly at our manufacturing facilities or within our IT infrastructure, could adversely affect our business.",
      "prior_title": "A material disruption of our operations, particularly at our manufacturing facilities or within our IT infrastructure, could adversely affect our business.",
      "current_body": "Our facilities, supply chains, distribution systems, and IT systems are subject to catastrophic loss due to natural disasters or other weather-related disruptions, including hurricanes and floods, which may be exacerbated by the effects of climate change, power outages, fires, explosions, terrorism, equipment failures, sabotage, cyber incidents, any potential effects of climate change and adverse weather conditions, including water scarcity and rising sea levels, labor disputes and shortages, critical supply failure, inaccurate downtime forecast, political disruption and regional conflicts, public health crises, like a regional or global pandemic, and other reasons, which can result in undesirable consequences, including financial losses and damaged relationships with customers. We employ IT systems and networks to support the business and rely on them to process, transmit and store electronic information, and to manage or support a variety of business processes and activities. Although preventative measures may help to mitigate damage, such measures could be costly, and disruptions to our manufacturing facilities or IT infrastructure from system failures, shutdowns, power outages and energy shortages, telecommunication or utility failures, cybersecurity incidents, and other events, including disruptions at our cloud computing, server, systems, and other third party IT service providers, could interfere with our operations, interrupt production and shipments, damage customer and business partner relationships, and negatively impact our reputation. In addition, the insurance we maintain may not be adequate to cover our losses resulting from any business interruption, including those resulting from a natural disaster or other severe weather event, and recurring extreme weather events or other adverse events could reduce the availability or increase the cost of insurance. 36 Honeywell International Inc. 36 Honeywell International Inc. 36 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Our operations and the prior operations of predecessor companies expose us to the risk of material environmental liabilities.",
      "prior_title": "Our operations and the prior operations of predecessor companies expose us to the risk of material environmental liabilities.",
      "current_body": "Mainly because of past operations and operations of predecessor companies, we are subject to potentially material liabilities related to the remediation of environmental hazards and to claims of personal injuries or property damages that may be caused by hazardous substance releases and exposures. We continue to incur remedial response and voluntary clean-up costs for site contamination and are 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. Various federal, state, local, and foreign governments regulate the use of certain materials, the discharge of materials into the environment, and/or communications respecting certain materials in our products, and can impose substantial fines and criminal sanctions for violations, and require injunctive relief measures, including installation of costly equipment, implementation of operational changes to limit emissions and/or decrease the likelihood of accidental hazardous substance releases, or limiting access of our products to markets, among others. In addition, changes in laws, regulations and enforcement of policies, the discovery of previously unknown contamination or new technology or information related to individual sites, the establishment of stricter toxicity standards with respect to certain contaminants, or the imposition of new clean-up requirements or remedial techniques could require us to incur additional costs in the future that would have a negative effect on our financial condition or results of operations. 34 Honeywell International Inc. 34 Honeywell International Inc. 34 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Issuances of Senior Notes",
      "prior_title": "Issuances of Senior Notes",
      "current_body": "On August 1, 2024, the Company issued $1.15 billion 4.65% Senior Notes due 2027, $1.0 billion 4.70% Senior Notes due 2030, $650 million 4.75% Senior Notes due 2032, and $700 million 5.00% Senior Notes due 2035 (collectively, the August 2024 USD Notes). The Company may redeem the August 2024 USD Notes at any time, and from time to time, in whole or in part, at the Company's option at the applicable redemption price. The offering provided gross proceeds of $3.5 billion, offset by $20 million in discount and closing costs related to the offering. On March 1, 2024, the Company issued $500 million 4.875% Senior Notes due 2029, $500 million 4.95% Senior Notes due 2031, $750 million 5.00% Senior Notes due 2035, $1.75 billion 5.25% Senior Notes due 2054, and $650 million 5.35% Senior Notes due 2064 (collectively, the March 2024 USD Notes). The Company may redeem the March 2024 USD Notes at any time, and from time to time, in whole or in part, at the Company's option at the applicable redemption price. The offering provided gross proceeds of $4.2 billion, offset by $44 million in discount and closing costs related to the offering. On March 1, 2024, the Company issued €750 million 3.375% Senior Notes due 2030 and €750 million 3.75% Senior Notes due 2036 (collectively, the 2024 Euro Notes). The Company may redeem the 2024 Euro Notes at any time, and from time to time, in whole or in part, at the Company's option at the applicable redemption price. The offering provided gross proceeds of $1.6 billion, offset by $21 million in discount and closing costs related to the offering. The August 2024 USD Notes, March 2024 USD Notes, and 2024 Euro Notes are senior unsecured and unsubordinated obligations of the Company and rank equally with each other and with all of the Company's existing and future senior unsecured debt and senior to all of the Company's subordinated debt. The Company intends to use the proceeds from the issuances for general corporate purposes, which may include, among other things, the repayment of outstanding debt and financing of possible acquisitions or business expansion."
    },
    {
      "status": "UNCHANGED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "UNCHANGED",
      "current_title": "DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE",
      "prior_title": "DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE",
      "current_body": "Information relating to the Directors of Honeywell, as well as information relating to Honeywell's insider trading policies and practices and compliance with Section 16(a) of the Securities Exchange Act of 1934, will be contained in the Proxy Statement, which will be filed with the SEC pursuant to Regulation 14A not later than 120 days after December 31, 2025, and such information is incorporated herein by reference. Certain information relating to the Executive Officers of Honeywell appears in this Form 10-K in the section titled Information about Our Executive Officers. The members of the Audit Committee of our Board of Directors are: Michael W. Lamach (Chair), William S. Ayer, Kevin Burke, D. Scott Davis, Marc Steinberg, Robin Watson, and Stephen Williamson. The Board has determined that Mr. Davis and Mr. Williamson are Audit Committee financial experts as defined by applicable SEC rules and that each member of the Audit Committee satisfies the financial sophistication criteria established by the Nasdaq. All members of the Audit Committee are independent as that term is defined in applicable SEC rules and Nasdaq listing standards. Honeywell’s corporate governance policies and procedures, including the Code of Business Conduct, Corporate Governance Guidelines, Insider Trading Policy, and Charters of the Committees of the Board are available, free of charge, on our Investor Relations website (investor.honeywell.com) under the heading Governance (see Governance Overview), or by writing to Honeywell, 855 South Mint Street, Charlotte, North Carolina 28202, c/o Senior Vice President, General Counsel and Corporate Secretary. Honeywell’s Code of Business Conduct applies to all Honeywell directors, officers (including the Chief Executive Officer, Chief Financial Officer, and Controller), and employees. Amendments to or waivers of the Code of Business Conduct granted to any of Honeywell’s directors or executive officers will be published on our website within four business days of such amendment or waiver."
    },
    {
      "status": "UNCHANGED",
      "current_title": "SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS",
      "prior_title": "SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS",
      "current_body": "Information relating to security ownership of certain beneficial owners and management and related stockholder matters will be contained in the Proxy Statement, and such information is incorporated herein by reference. EQUITY COMPENSATION PLANS As of December 31, 2025, information about our equity compensation plans was as follows: Plan categoryNumber of Securitiesto be IssuedUpon Exercise ofOutstanding Options,Warrants, and RightsWeighted AverageExercise Price ofOutstandingOptions, Warrants,and RightsNumber of SecuritiesRemaining Available forFuture Issuance UnderEquity CompensationPlans (ExcludingSecurities Reflected inColumn (a))(a)(b)(c)Equity compensation plans approved by security holders12,997,866 1$172.59 227,733,434 3Equity compensation plans not approved by security holders143,508 4N/A5N/A6Total13,141,374 $172.59 27,733,434 1Equity compensation plans approved by shareowners which are included in column (a) of the table are the 2016 Stock Incentive Plan and the 2011 Stock Incentive Plan (including 10,057,556 shares of Common Stock to be issued for options, 2,167,360 RSUs subject to continued employment, 443,778 RSUs subject to performance and continued employment; and 170,233 deferred RSUs), and the 2016 Stock Plan for Non-Employee Directors and the 2006 Stock Plan for Non-Employee Directors (including 122,093 shares of Common Stock to be issued for options, 6,456 RSUs subject to continued services, and 3,649 deferred RSUs). RSUs included in column (a) of the table represent the full number of RSUs awarded and outstanding whereas the number of shares of Common Stock to be issued upon vesting will be lower than what is reflected on the table because the value of shares required to meet employee tax withholding requirements are not issued.Because the number of future shares that may be distributed to employees participating in the Honeywell Global Stock Plan is unknown, no shares attributable to that plan are included in column (a) of the table above.2Column (b) relates to stock options and does not include any exercise price for RSUs because an RSU’s value is dependent upon attainment of certain performance goals and/or continued employment or service and they are settled for shares of Common Stock on a one-for-one basis.3The number of shares that may be issued under the 2016 Stock Incentive Plan as of December 31, 2025, is 25,300,077, which includes the following additional shares that may again be available for issuance: shares that are settled for cash, expire, are canceled, or under similar prior plans, are tendered as option exercise price or tax withholding obligations, are reacquired with cash option exercise price or with monies attributable to any tax deduction to Honeywell upon the exercise of an option, or are under any outstanding awards assumed under any equity compensation plan of an entity acquired by Honeywell. No securities are available for future issuance under the 2011 Stock Incentive Plan.The number of shares that may be issued under the Honeywell Global Stock Plan as of December 31, 2025, is 1,664,759. This plan is an umbrella plan for three plans described below maintained solely for eligible employees of participating non-U.S. countries.•The UK Sharebuilder Plan allows an eligible UK employee to invest taxable earnings in Common Stock. The Company matches those shares and dividends paid are used to purchase additional shares of Common Stock. For the year ended December 31, 2025, 25,860 shares were credited to participants’ accounts under the UK Sharebuilder Plan.•The Honeywell Aerospace Ireland Share Participation Plan allows eligible Irish employees to contribute a percentage of base pay and/or bonus that is invested in Common Stock. For the year ended December 31, 2025, 881 shares of Common Stock were credited to participants’ accounts under these plans.•The remaining 768,598 shares included in column (c) are shares remaining under the 2016 Stock Plan for Non-Employee Directors.4Equity compensation plans not approved by shareowners included in the table refer to the Honeywell Excess Benefit Plan and Supplemental Savings Plan.The Honeywell Excess Benefit Plan and Supplemental Savings Plan for certain highly compensated employees is an unfunded, non-tax qualified plan that provides benefits equal to the employee deferrals and Company matching allocations that would have been provided under Honeywell’s U.S. tax-qualified savings plan if the Internal Revenue Code limitations on compensation and contributions did not apply. The Company matching contribution is credited to participants’ accounts in the form of notional shares of Common Stock. The notional shares are distributed in the form of actual shares of Common Stock. The number of shares to be issued under this plan based on the value of the notional shares as of December 31, 2025, is 143,508.5Column (b) does not include any exercise price for notional shares allocated to employees under Honeywell’s equity compensation plans not approved by shareowners because all of these shares are only settled for shares of Common Stock on a one-for-one basis.6The amount of securities available for future issuance under the Honeywell Excess Benefit Plan and Supplemental Savings Plan is not determinable because the number of securities that may be issued under this plan depends upon the amount deferred to the plan by participants in future years. 1 2 3 4 5 6 Equity compensation plans approved by shareowners which are included in column (a) of the table are the 2016 Stock Incentive Plan and the 2011 Stock Incentive Plan (including 10,057,556 shares of Common Stock to be issued for options, 2,167,360 RSUs subject to continued employment, 443,778 RSUs subject to performance and continued employment; and 170,233 deferred RSUs), and the 2016 Stock Plan for Non-Employee Directors and the 2006 Stock Plan for Non-Employee Directors (including 122,093 shares of Common Stock to be issued for options, 6,456 RSUs subject to continued services, and 3,649 deferred RSUs). RSUs included in column (a) of the table represent the full number of RSUs awarded and outstanding whereas the number of shares of Common Stock to be issued upon vesting will be lower than what is reflected on the table because the value of shares required to meet employee tax withholding requirements are not issued. Because the number of future shares that may be distributed to employees participating in the Honeywell Global Stock Plan is unknown, no shares attributable to that plan are included in column (a) of the table above. Column (b) relates to stock options and does not include any exercise price for RSUs because an RSU’s value is dependent upon attainment of certain performance goals and/or continued employment or service and they are settled for shares of Common Stock on a one-for-one basis. The number of shares that may be issued under the 2016 Stock Incentive Plan as of December 31, 2025, is 25,300,077, which includes the following additional shares that may again be available for issuance: shares that are settled for cash, expire, are canceled, or under similar prior plans, are tendered as option exercise price or tax withholding obligations, are reacquired with cash option exercise price or with monies attributable to any tax deduction to Honeywell upon the exercise of an option, or are under any outstanding awards assumed under any equity compensation plan of an entity acquired by Honeywell. No securities are available for future issuance under the 2011 Stock Incentive Plan. The number of shares that may be issued under the Honeywell Global Stock Plan as of December 31, 2025, is 1,664,759. This plan is an umbrella plan for three plans described below maintained solely for eligible employees of participating non-U.S. countries. •The UK Sharebuilder Plan allows an eligible UK employee to invest taxable earnings in Common Stock. The Company matches those shares and dividends paid are used to purchase additional shares of Common Stock. For the year ended December 31, 2025, 25,860 shares were credited to participants’ accounts under the UK Sharebuilder Plan. •The Honeywell Aerospace Ireland Share Participation Plan allows eligible Irish employees to contribute a percentage of base pay and/or bonus that is invested in Common Stock. For the year ended December 31, 2025, 881 shares of Common Stock were credited to participants’ accounts under these plans. •The remaining 768,598 shares included in column (c) are shares remaining under the 2016 Stock Plan for Non-Employee Directors. Equity compensation plans not approved by shareowners included in the table refer to the Honeywell Excess Benefit Plan and Supplemental Savings Plan. The Honeywell Excess Benefit Plan and Supplemental Savings Plan for certain highly compensated employees is an unfunded, non-tax qualified plan that provides benefits equal to the employee deferrals and Company matching allocations that would have been provided under Honeywell’s U.S. tax-qualified savings plan if the Internal Revenue Code limitations on compensation and contributions did not apply. The Company matching contribution is credited to participants’ accounts in the form of notional shares of Common Stock. The notional shares are distributed in the form of actual shares of Common Stock. The number of shares to be issued under this plan based on the value of the notional shares as of December 31, 2025, is 143,508. Column (b) does not include any exercise price for notional shares allocated to employees under Honeywell’s equity compensation plans not approved by shareowners because all of these shares are only settled for shares of Common Stock on a one-for-one basis. The amount of securities available for future issuance under the Honeywell Excess Benefit Plan and Supplemental Savings Plan is not determinable because the number of securities that may be issued under this plan depends upon the amount deferred to the plan by participants in future years. 126 Honeywell International Inc. 126 Honeywell International Inc. 126 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Definition and Limitations of Internal Control over Financial Reporting",
      "prior_title": "Definition and Limitations of Internal Control over Financial Reporting",
      "current_body": "A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. 121 Honeywell International Inc. 121 Honeywell International Inc. 121 Honeywell International Inc. TABLE OF CONTENTSREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM TABLE OF CONTENTSREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM TABLE OF CONTENTS"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Assets held for sale",
      "prior_title": "Assets held for sale",
      "current_body": "Accounts receivable Inventories Other current assets Investments and long-term receivables Property, plant and equipment—net Goodwill Other intangible assets—net Deferred income taxes Other assets Valuation allowance on assets held for sale"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Our U.S. and non-U.S. tax liabilities are dependent, in part, upon the distribution of income among various jurisdictions in which we operate, as well as changes in tax law or regulation.",
      "prior_title": "Our U.S. and non-U.S. tax liabilities are dependent, in part, upon the distribution of income among various jurisdictions in which we operate, as well as changes in tax law or regulation.",
      "current_body": "Our future results of operations could be adversely affected by changes in the effective tax rate as a result of a change in the mix of earnings in countries with differing statutory tax rates, changes in tax laws, regulations and judicial rulings (or changes in the interpretation thereof), potential taxation of digital services, changes in generally accepted accounting principles, changes in the valuation of deferred tax assets and liabilities, changes in the amount of earnings permanently reinvested offshore, the results of audits and examinations of previously filed tax returns and continuing assessments of our tax exposures, and various other governmental enforcement initiatives. Our tax expense includes estimates of tax reserves and reflects other estimates and assumptions, including assessments of our future earnings, which could impact the valuation of our deferred tax assets. In addition, our future effective tax rates could be subject to volatility or adversely affected by changes in tax laws, regulations, accounting principles, or interpretations thereof. The Organisation for Economic Co-operation and Development (OECD)/G20 and other invited countries, developed a global tax framework inclusive of a 15% global minimum tax under the Pillar Two Global Anti-Base Erosion Rules (Pillar Two). On December 15, 2022, the Council of the European Union (EU) formally adopted the OECD’s framework to achieve a coordinated implementation amongst EU Member States consistent with EU law. All aspects of the EU’s Pillar Two Directive were fully effective on January 1, 2025. Other major jurisdictions are actively considering and implementing changes to their tax laws to adopt certain parts of the OECD’s proposals. On January 5. 2026, the OECD announced a new package of administrative guidance under the Pillar Two rules, the “side-by-side” framework allows for additional safe harbors for US multinationals reducing the Pillar Two impact. We have assessed this framework and determined, based upon available guidance, that these changes will not have a material impact to our results of operations. Any future changes in OECD guidance or interpretations, including local country tax legislative changes thereof, could impact our initial assessment; therefore, we will continue to monitor and refine our assessment as further guidance is made available."
    },
    {
      "status": "UNCHANGED",
      "current_title": "CYBERSECURITY",
      "prior_title": "CYBERSECURITY",
      "current_body": "We maintain a cybersecurity risk management program designed to assess, identify, manage, and govern material risks from cybersecurity threats. Our cybersecurity risk management program is a key component of our overall enterprise risk management program. We maintain cybersecurity policies and procedures in accordance with industry standard control frameworks and applicable regulations, laws, and standards. We maintain oversight of our cybersecurity risk management program via a corporate structure that includes a Cybersecurity Disclosure Committee, a Security Governance Council, the Audit Committee, and the Board. We assess and evaluate cybersecurity-related risks on a quarterly basis or as needed, to determine whether any such risks have the potential to materially impact our business operations, revenue, and expenditures and to understand the degree of such risks relative to other risks faced by Honeywell. Our Chief Security Officer served in various roles in IT and information security for over 30 years, including security-related roles in technology deployments, product development, product security, supply chain, and operations. He holds a Bachelor of Science in computer science from the Georgia Institute of Technology. Our Security Governance Council, which meets quarterly or as needed, is led by our Chief Security Officer, and includes members of senior executive leadership. Our Security Governance Council maintains a security program designed to monitor and track key security performance indicators, and provides regular updates to the Audit Committee for review and oversight. Our Chief Security Officer also provides updates directly to the full Board once a year and directly to the Audit Committee at least twice a year or as needed. These updates cover topics related to information security, privacy, cyber risks and risk management processes, including the status of significant cybersecurity incidents, the emerging threat landscape, and the status of projects to strengthen the Company’s information security posture. Honeywell’s Cybersecurity Disclosure Committee receives updates at least quarterly or as needed from Honeywell’s global security organization regarding cybersecurity incidents. The Cybersecurity Disclosure Committee includes Honeywell’s Chief Information Security Officer, Chief Security Officer, and senior representatives from finance, controllership, internal audit, investor relations, tax, and legal. Our governance, risk and compliance team, which is part of Honeywell’s enterprise security team, works in partnership with the Company’s internal audit team to review cybersecurity and IT-related internal controls as part of our overall internal controls process. The Cybersecurity Disclosure Committee informs the Security Governance Council and the Audit Committee of any cybersecurity incidents (if any) that have the potential to materially adversely impact the Company or our information systems. Honeywell’s Board is responsible for cybersecurity risk oversight and delegated such oversight to the Audit Committee. The Audit Committee, a committee comprised of independent Board members, four of whom have notable experience related to the oversight of cybersecurity issues, is responsible for oversight of Honeywell’s IT and cybersecurity risks and regularly reports to the Board on IT and cybersecurity matters. The Audit Committee oversees risk related to the protection of customer and employee data, trade secrets, and other proprietary information, the security of data on the cloud, persistent threats, and cybersecurity risks associated with the Company’s own products and facilities. Our Chief Information Security Officer reports to our Chief Security Officer and oversees the global enterprise security team responsible for leading enterprise-wide information security strategy, architecture, and processes. The global enterprise information security team is responsible for infrastructure defense and security controls, performing vulnerability assessments, security incident management, and defining the parameters and standards of our information security risk management program. Our cybersecurity and information security risk management program includes risk assessment and mitigation through a threat intelligence-driven approach, application controls, and security monitoring. The risk management program leverages recognized industry standards such as International Organization for Standardizations (ISO) 22301 standard for business continuity, ISO 27001 standard for information security management systems, and the National Institute of Standards and Technology (NIST) Cyber Security Framework for measuring overall readiness to respond to cyber threats, and NIST 800-171 on protecting controlled unclassified information. To provide stakeholder assurance and fulfill our regulatory obligations, we subject our information security management system to third-party assessment and certification against recognized industry standards such as ISO 27001 and the U.S. Department of War’s Cybersecurity Maturity Model Certification (CMMC). Our Chief Information Security Officer has more than 20 years of experience in IT and information security, particularly in the engineering and technology industries. Our information security organization has more than 300 members, with expertise in: (i) application security, (ii) governance and compliance, (iii) program and vulnerability management, (iv) security engineering, (v) identity and access management, (vi) security operations security assurance, (vii) threat intelligence and security architecture, and (viii) incident response. 50 Honeywell International Inc. 50 Honeywell International Inc. 50 Honeywell International Inc. TABLE OF CONTENTSCYBERSECURITY TABLE OF CONTENTSCYBERSECURITY TABLE OF CONTENTS We maintain an incident response plan and procedures to identify, assess, respond to, and recover from cybersecurity incidents. When we detect an incident or identify a vulnerability, cross-functional teams coordinate triage, containment, remediation, and recovery activities, and engage external experts, as appropriate. Incidents are escalated based on established criteria to relevant management stakeholders and governance bodies, including, as appropriate, the Cybersecurity Disclosure Committee, Security Governance Council, and the Audit Committee. We rely on third-party service providers for certain critical or key infrastructure, solutions, and services across our operations. Honeywell has a third-party risk management program that assesses risks from vendors and suppliers that provide, amongst other things, key information and supply chain services to Honeywell. In addition, the Company maintains business continuity and disaster recovery plans as well as a cybersecurity insurance policy. Honeywell maintains cybersecurity and information security awareness training programs for employees. Formal training on topics relating to the Company’s cybersecurity, data privacy and information security policies and procedures is mandatory for all employees with access to the Company’s network. Training is administered and tracked through online learning modules. Additionally, Honeywell periodically engages in cyber crisis response table-top simulations to assess our ability to adapt to security-related threats. Improper or illegitimate use of the Company’s information system resources or violation of the Company’s information security policies and procedures may result in disciplinary action. To date, no risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, materially affected or are reasonably likely to materially affect our business, our business strategy, our results of operations or financial condition. Refer to “Our business, reputation, and financial performance may be materially impacted by cybersecurity attacks on our IT infrastructure and products” in the section titled Risk Factors of this Annual Report for further information on our cybersecurity risks. In the event an attack or other intrusion were to be successful, we have a response team of internal and external resources engaged and prepared to respond. PROPERTIES We have approximately 667 locations, of which 142 are manufacturing sites. Our properties and equipment are in good operating condition and are adequate for our present needs. We do not anticipate difficulty in renewing existing leases as they expire or in finding alternative facilities. Our locations by geographic area are as follows: Geographic AreaTotal LocationsManufacturing SitesUnited States220 50 Europe23446Other international21346Total667142 234 46 213 46"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Risks related to our defined benefit pension plans may adversely impact our results of operations and cash flow.",
      "prior_title": "Risks related to our defined benefit pension plans may adversely impact our results of operations and cash flow.",
      "current_body": "Significant changes in actual investment return on pension assets, discount rates, and other factors could adversely affect our results of operations and require cash pension contributions in future periods. Changes in discount rates and actual asset returns different than our anticipated asset returns can result in significant non-cash actuarial gains or losses, which we record in the fourth quarter of each fiscal year, and, if applicable, in any quarter in which an interim remeasurement is triggered. With regard to cash pension contributions, funding requirements for our pension plans are largely dependent upon interest rates, actual investment returns on pension assets, and the impact of legislative or regulatory changes related to pension funding obligations. 31 Honeywell International Inc. 31 Honeywell International Inc. 31 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS OPERATIONAL RISKS"
    },
    {
      "status": "UNCHANGED",
      "current_title": "SUPPLY CHAIN FINANCING",
      "prior_title": "SUPPLY CHAIN FINANCING",
      "current_body": "The Company maintains agreements with third-party financial institutions that offer voluntary supply chain financing (SCF) programs to suppliers. The SCF programs enable suppliers, at their sole discretion, to sell their receivables to third-party financial institutions in order to receive payment on receivables earlier than the negotiated commercial terms between suppliers and the Company. Supplier sale of receivables to third-party financial institutions is on terms negotiated between the supplier and the respective third-party financial institution. The Company agrees on commercial terms for the goods and services procured from suppliers, including prices, quantities, and payment terms, which normally range between 60 and 120 days, regardless of whether the supplier elects to participate in the SCF programs. A supplier's voluntary participation in the SCF programs has no bearing on the Company's payment terms and the Company has no economic interest in a supplier’s decision to participate in the SCF programs. The Company agrees to pay participating third-party financial institutions the stated amounts of confirmed invoices from suppliers on the original maturity dates of the invoices. Amounts outstanding related to SCF programs are included in Accounts payable in the Consolidated Balance Sheet. The impact of these programs is not material to the Company's overall liquidity. The following table summarizes the Company's outstanding obligations confirmed as valid related to the SCF programs for the years ended December 31, 2025, and 2024: SCF programs 20252024Confirmed obligations outstanding at the beginning of the year$1,150 $1,112 Invoices confirmed during the year3,115 3,098 Less: Confirmed invoices paid during the year3,124 3,060 Confirmed obligations outstanding at the end of the year$1,141 $1,150 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"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Increased focus and evolving views of lawmakers on climate change and other ESG issues could have a long-term impact on our business and result of operations.",
      "prior_title": "Increased focus and evolving views of lawmakers on climate change and other ESG issues could have a long-term impact on our business and result of operations.",
      "current_body": "Increased public awareness and concern regarding global climate change and other ESG matters may result in more international, regional, and/or federal regulatory or other stakeholder requirements or expectations that could mandate more restrictive or expansive standards, such as stricter limits on GHG emissions or more prescriptive reporting of ESG metrics, practices, and targets, than the voluntary commitments that the Company has adopted or require such changes on a more accelerated time frame. There continues to be a lack of consistent climate and other ESG legislation, which creates economic and regulatory uncertainty; however, there has been an increasing amount of legislative and regulatory activity, particularly in the European Union, the United Kingdom, and the U.S. In addition, there is also an increasing number of state-level anti-ESG initiatives in the U.S. that may conflict with other regulatory requirements, resulting in regulatory uncertainty. New or revised legal and regulatory requirements could impose significant operational restrictions and compliance requirements upon the Company or its products, and could negatively impact the Company’s business, capital expenditures, results of operations, financial condition, and competitive position."
    },
    {
      "status": "UNCHANGED",
      "current_title": "Failure to increase productivity or enhance operations through sustainable operational improvements, as well as an inability to successfully execute repositioning projects or to effectively manage our workforce, may reduce our profitability or adversely impact our businesses.",
      "prior_title": "Failure to increase productivity through sustainable operational improvements, as well as an inability to successfully execute repositioning projects or to effectively manage our workforce, may reduce our profitability or adversely impact our businesses.",
      "current_body": "Our profitability and margin growth are dependent upon our ability to drive sustainable improvements. We seek productivity and cost savings benefits through repositioning actions and projects, such as consolidation of manufacturing facilities, transitions to cost-competitive regions, and product line rationalizations. Risks associated with these actions include delays in execution, additional unexpected costs, realization of fewer than estimated productivity improvements, and adverse effects on employee morale. We may not realize the full operational or financial benefits we expect, the recognition of these benefits may be delayed, and these actions may potentially disrupt our operations. In addition, organizational changes, increased attrition, failure to create and implement a succession plan for key Company positions, not retaining key talent, inability to attract new employees with unique skills, trends in rising labor costs and labor availability, labor relations difficulties, or workforce stoppage could have a material adverse effect on our business, reputation, financial position, and results of operations. Additionally, certain personnel may be required to receive various immigration visas, clearances and substantial training in order to work in certain geographies on certain programs or perform certain tasks. Necessary visas and security clearances may be delayed, or become increasingly expensive, which may impact our ability to perform on our contracts. We also may not be successful in training or developing qualified personnel with the requisite relevant skills or security clearances."
    },
    {
      "status": "UNCHANGED",
      "current_title": "INCOME TAXES",
      "prior_title": "INCOME TAXES",
      "current_body": "Significant judgment is required in evaluating tax positions. The Company establishes reserves for income taxes when, despite the belief that tax positions are fully supportable, certain positions remain that do not meet the minimum recognition threshold. The approach for evaluating certain and uncertain tax positions is defined by the authoritative guidance which determines when a tax position is more likely than not to be sustained upon examination by the applicable taxing authority. In the normal course of business, the Company and its subsidiaries are examined by various federal, state, and foreign tax authorities. The Company regularly assesses the potential outcomes of these examinations and any future examinations for the current or prior years in determining the adequacy of the Company's provision for income taxes. The Company continually assesses the likelihood and amount of potential adjustments and adjusts the income tax provision, the current tax liability, and deferred taxes in the period in which the facts that give rise to a change in estimate become known. See Note 5 Income Taxes for additional information. 64 Honeywell International Inc. 64 Honeywell International Inc. 64 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"
    },
    {
      "status": "UNCHANGED",
      "current_title": "Raw material price fluctuations, inflation, the ability of key suppliers to meet quality and delivery requirements, or catastrophic events can increase the cost of our products and services, impact our ability to meet commitments to customers, and cause us to incur significant liabilities.",
      "prior_title": "Raw material price fluctuations, inflation, the ability of key suppliers to meet quality and delivery requirements, or catastrophic events can increase the cost of our products and services, impact our ability to meet commitments to customers, and cause us to incur significant liabilities.",
      "current_body": "The cost of raw materials is a key element in the cost of our products, particularly in Energy and Sustainability Solutions (copper, tungsten salts, aluminum, and molybdenum) and in Aerospace Technologies (nickel, steel, titanium, and other metals). As of December 31, 2025, the majority of the raw materials supply base of Aerospace Technologies and Energy and Sustainability Solutions were under contract. While we have implemented mitigation strategies to reduce the impact of supply chain disruptions, any inability to source necessary materials when and as needed, offset material price or labor inflation through increased prices to customers, formula-driven or long-term fixed price contracts with suppliers, productivity actions, or commodity hedges could adversely affect our results of operations. Many major components, product equipment items, and raw materials, particularly in Aerospace Technologies, are procured or subcontracted on a single or sole-source basis. Although we maintain a qualification and performance surveillance process and we believe that sources of supply for raw materials and components are generally adequate, it is difficult to predict what effects shortages or price increases, in addition to other supply chain disruptions, may have in the future. Our ability to manage inventory and meet delivery requirements may be constrained by our suppliers’ inability to scale production and adjust delivery of long-lead time products during times of volatile demand. In addition, current or future global economic uncertainty, including inflation and high interest rates, supply chain and labor disruptions, tariffs and other trade barriers and restrictions, unemployment rates, banking instability, any U.S. government shutdown, any downgrades in the U.S. government's sovereign credit rating, public health crises, volatile financial markets, geopolitical instability and regional conflicts, and potential recession may affect the financial stability of our key suppliers or their access to financing, which may in turn affect their ability to perform their obligations to us. If one or more of our suppliers experiences financial difficulties, delivery delays, or other performance problems, our resulting inability to fill our supply needs would jeopardize our ability to fulfill obligations under commercial and government contracts, which could, in turn, result in reduced sales and profits, contract penalties or terminations, and damage to customer relationships. In certain of our businesses, our contracts are typically awarded on a competitive basis. Our bids are based upon, among other factors, the cost to timely provide the products and services. To generate an acceptable return, we must accurately estimate our input costs and delivery schedules. If we fail to do so, the profitability of contracts may be adversely affected – including because some of our contracts provide for liquidated damages if we do not perform on time – which could have a material adverse effect on our competitive position, results of operations, cash flows or financial condition. In an effort to reduce the impact of current and future supply chain disruptions, we have implemented short-term and long-term strategies to reduce the impact of such disruptions, including supply chain simplification, continued alignment to local supply sources, digital solutions for identifying and managing shortages, pricing actions and dual source strategies, longer-term planning for constrained materials, supply tracking tools, direct engagement with key suppliers to meet customer demand, new supplier development, and development of new or redesigned products that satisfy our product quality controls and engineering qualifications and/or any applicable regulatory requirements. We cannot provide any assurance that our mitigation strategies will continue to be successful, or that we will be able to alter our strategies or develop new strategies if and as needed."
    },
    {
      "status": "UNCHANGED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "Term Loan Agreements",
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "UNCHANGED",
      "current_title": "A significant percentage of our sales and operations is in non-U.S. jurisdictions and is subject to the economic, political, regulatory, foreign exchange, and other risks of international operations.",
      "prior_title": "A significant percentage of our sales and operations is in non-U.S. jurisdictions and is subject to the economic, political, regulatory, foreign exchange, and other risks of international operations.",
      "current_body": "Our international operations, including U.S. exports, represent more than half of the Company’s sales. Risks related to international operations include exchange control regulations, wage and price controls, fluctuations in foreign currency exchange rates, antitrust regulations, employment regulations, foreign investment laws, import, export, and other trade restrictions and barriers (such as tariffs, sanctions, and embargoes), differing levels of protection of intellectual property, acts of industrial espionage, violations by our employees or business partners of anti-corruption or anti-money-laundering laws (despite our efforts to mitigate such risk), changes in regulations regarding transactions with state-owned enterprises, nationalization of private enterprises, acts of terrorism, acts of war, civil strife, and our ability to hire and maintain qualified staff and maintain the safety of our employees in these regions. Instability and uncertainties arising from the global geopolitical environment and the evolving international and domestic political, 30 Honeywell International Inc. 30 Honeywell International Inc. 30 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS regulatory, and economic landscape, including the potential for changes in global trade policies, such as sanctions and trade barriers, and trends such as populism, economic nationalism, and negative sentiment toward multinational companies, as well as the cost of compliance with increasingly complex and often conflicting regulations worldwide, can impair our flexibility in modifying product, marketing, pricing, or other strategies for growing our businesses, as well as our ability to improve productivity and maintain acceptable operating margins. Existing free trade laws and regulations provide certain beneficial duties and tariffs for qualifying imports and exports. Changes in laws or policies governing the terms of foreign trade, and in particular increased trade restrictions, tariffs, or taxes on imports from countries where we manufacture products or from where we import products or raw materials, either directly or through our suppliers, could have an impact on our competitive position and financial results. The U.S. continues to implement certain trade actions, including imposing tariffs on certain goods imported from China and other countries, which has resulted in retaliatory tariffs by China and other countries. The recent changes in U.S. trade policy involving the application or increase of tariffs and the subsequent retaliatory measures against the U.S. have created a dynamic environment that may have a material adverse impact on our business. While we have deployed strategies to mitigate the impact of these dynamic trade policies, there is no assurance that we will be able to mitigate the full impact of all such tariffs, retaliatory tariffs or other trade policies that have or may develop in this rapidly changing environment. Increasing trade tensions and changes in trade policies have the potential to adversely impact our costs, the demand for our products, our supply chain and the global economy, and could result in fines and penalties or reputational harm if we are found not to be in compliance, which may have an adverse impact on our business, including operating and financial results and conditions. In response to the conflict between Russia and Ukraine, the U.S. and other countries imposed actions including sanctions, export and import controls, and trade restrictions with respect to Russian and Belarusian governments, government-related entities, and other entities and individuals. Further, the Russian government implemented retaliatory actions against the U.S. and other nation members of the North Atlantic Treaty Organization (NATO) as well as certain other nations. Given the uncertainty inherent in our remaining obligations related to our contracts with Russian counterparties, we do not believe it is possible to develop estimates of reasonably possible loss in excess of current accruals for these matters. As the conflict continues to evolve, existing conditions may worsen, or other impacts, including escalation of the conflict in other regions of Europe where there is a material portion of our business, increased tension between Russia and the U.S. and other NATO members and other countries, or other impacts that are unknown at this time, could lead to increased charges and could have a material adverse effect on our consolidated financial position. These impacts may result in increased costs or additional impacts on our operations and may adversely affect our ability to meet contractual and financial obligations, results of operations, and financial condition. To the extent the current conflict between Russia and Ukraine persists, it may also negatively impact other risk factors disclosed in this Form 10-K and further impact our financial results. Such risks include, but are not limited to, adverse effects on macroeconomic conditions, including inflation and consumer spending; cybersecurity incidents and other disruptions to our information technology (IT) infrastructure or that of our customers and suppliers, including disruptions at our cloud computing, server, systems, and other third party IT service providers; adverse changes in international trade policies and relations; our ability to implement and execute our business strategy, particularly in Eastern Europe and surrounding regions; disruptions in global supply chains; energy shortages; terrorist activities targeting U.S. government contractors and/or critical infrastructure; our exposure to foreign currency fluctuations; and constraints, volatility, or disruption in the capital markets. Operating outside of the U.S. also exposes us to foreign exchange risk, which we monitor and seek to reduce through hedging activities. However, foreign exchange hedging activities bear a financial cost and may not always be available to us or be successful in eliminating such volatility. Finally, we generate significant amounts of cash outside of the U.S. that is invested with financial and non-financial counterparties. While we employ comprehensive controls regarding global cash management to guard against cash or investment loss and to ensure our ability to fund our operations and commitments, a material disruption to the counterparties with whom we transact business could expose Honeywell to financial loss. Operating outside the U.S. also exposes us to additional intellectual property risk. The laws and enforcement practices of certain jurisdictions in which we operate may not protect our intellectual property rights to the same extent as in the U.S. and may impose joint venture, technology transfer, local service or other foreign investment requirements, and restrictions that potentially compromise control over our technology and proprietary information. Failure of foreign jurisdictions to protect our intellectual property rights, an inability to effectively enforce such rights in foreign jurisdictions, or the imposition of foreign jurisdiction investment or sourcing restrictions or requirements could result in loss of valuable proprietary information and could impact our competitive position and financial results."
    },
    {
      "status": "UNCHANGED",
      "current_title": "As a supplier to the U.S. government, we are subject to unique risks, such as the right of the U.S. government to terminate contracts for convenience and to conduct audits and investigations of our operations and performance.",
      "prior_title": "As a supplier to the U.S. government, we are subject to unique risks, such as the right of the U.S. government to terminate contracts for convenience and to conduct audits and investigations of our operations and performance.",
      "current_body": "U.S. government contracts are subject to termination by the government, either for the convenience of the government or for our failure to perform consistent with the terms of the applicable contract. Our contracts with the U.S. government are also subject to government audits that may recommend downward price adjustments and other changes. When appropriate and prudent, we made adjustments and paid voluntary refunds in the past and may do so in the future. In addition, U.S. government contracts are subject to congressional funding, which may be unavailable due to changes in priorities or subject to continuing resolution, which may result in funding reductions, eliminations, or other effects that could impact our business. Furthermore, any U.S. federal government shutdown could result in us experiencing delays or decreases in the number of purchase orders issued under our contracts with government agencies or with our prime contractor customers, incurring substantial labor or other costs without reimbursement under our customer contracts, or the suspension of work on contracts in progress or in payment delays. We are also subject to government investigations of business practices and compliance with government procurement and security regulations. If, as a result of any such investigation or other government investigations (including investigation of violations of certain environmental, employment, or export laws), Honeywell or one of its businesses were found to have violated applicable law, then it could be suspended from bidding on or receiving awards of new government contracts, suspended from contract performance pending the completion of legal proceedings, and/or have its export privileges suspended."
    },
    {
      "status": "UNCHANGED",
      "current_title": "Changes in legislation or government regulations or policies can have a significant impact on our results of operations.",
      "prior_title": "Changes in legislation or government regulations or policies can have a significant impact on our results of operations.",
      "current_body": "The sales and margins of each of our reportable business segments are directly impacted by government regulations, including environmental, safety, performance, and product certification regulations. Within Aerospace Technologies, the operating results of Commercial Aviation Original Equipment and Commercial Aviation Aftermarket may be impacted by, among other things, mandates of the Federal Aviation Administration and other similar international regulatory bodies regulating the installation of equipment on aircraft. Our Defense and Space business unit may be affected by changes in government procurement regulations. Within Building Automation and Industrial Automation, the demand for and cost of providing products, services and solutions can be impacted by fire, security, safety, health care, environmental, and energy efficiency standards and regulations. Energy and Sustainability Solutions' results of operations can be impacted by environmental and health standards, regulations, and judicial determinations. Growth in all our businesses within emerging markets may be adversely impacted by the inability to acquire and retain qualified employees where local employment law mandates may be restrictive. Changes in such regulations and government policies could negatively impact us; for instance, noncompliance with legislation and regulations can result in fines and penalties, and compliance with any new regulations or policies may be burdensome and/or require significant expenditures. 38 Honeywell International Inc. 38 Honeywell International Inc. 38 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS"
    },
    {
      "status": "UNCHANGED",
      "current_title": "PENSION BENEFITS",
      "prior_title": "PENSION BENEFITS",
      "current_body": "The Company presents net periodic pension costs by disaggregating the service cost component of such costs and reports those costs in the same line item or items in the Consolidated Statement of Operations as other compensation costs arising from services rendered by the pertinent employees during the period. The other non-service components of such costs are required to be presented separately from the service cost component. The Company records the service cost component of Pension ongoing (income) expense in Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses. The remaining components of costs within Pension ongoing (income) expense, primarily interest costs and assumed return on plan assets, are recorded in Other (income) expense. The Company recognizes net actuarial gains or losses in excess of 10% of the greater of the fair value of plan assets or the plan's projected benefit obligation (the corridor) annually in the fourth quarter each year (MTM Adjustment). The MTM Adjustment is also reported in Other (income) expense."
    },
    {
      "status": "UNCHANGED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "UNCHANGED",
      "current_title": "Our future growth is largely dependent upon our ability to develop new technologies and introduce new products that achieve market acceptance in increasingly competitive markets with acceptable margins.",
      "prior_title": "Our future growth is largely dependent upon our ability to develop new technologies and introduce new products that achieve market acceptance in increasingly competitive markets with acceptable margins.",
      "current_body": "Our future growth rate depends upon a number of factors, including our ability to (i) identify and evolve with emerging technological and broader industry trends, including technologies such as artificial intelligence and machine learning in our target end markets; (ii) develop and maintain competitive products; (iii) defend our market share against an ever-expanding number of competitors, including many new and non-traditional competitors; (iv) enhance our products by adding innovative features that differentiate our products from those of our competitors and prevent commoditization of our products; (v) develop, manufacture, and bring compelling new products to market quickly and cost-effectively; (vi) adequately protect the intellectual property associated with our inventions; (vii) monitor disruptive technologies and business models; (viii) achieve sufficient return on investment for new products introduced based on capital expenditures and research and development spending; (ix) respond to changes in overall trends related to end market demand; and (x) attract, develop, and retain individuals with the requisite technical expertise and understanding of customers’ needs to develop new technologies and introduce new products. Competitors may also develop after-market services and parts for our products which attract customers and adversely affect our return on investment for new products. The failure of our technologies or products to gain market acceptance due to more attractive offerings by our competitors or the failure to address any of the above factors could significantly reduce our revenues and adversely affect our competitive standing and prospects. Emerging technology, such as generative and agentic artificial intelligence, is complex and rapidly evolving, and while we aim to develop and use artificial intelligence responsibly, we may ultimately be unsuccessful in identifying or resolving all problems, and the technologies that we develop or use may ultimately be flawed, which could harm our reputation and expose us to risks related to potential infringement of others' intellectual property, biases, inaccuracies or errors in outputs from these technologies. Furthermore, any integration of third-party artificial intelligence models with our products and solutions relies on certain safeguards implemented by the third-party developers of the models, and there can be no guarantee that those safeguards are adequate to protect against the risks associated with their deployment. 33 Honeywell International Inc. 33 Honeywell International Inc. 33 Honeywell International Inc. TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTSRISK FACTORS TABLE OF CONTENTS"
    },
    {
      "status": "UNCHANGED",
      "current_title": "We cannot predict with certainty the outcome of litigation matters, government proceedings and other contingencies and uncertainties.",
      "prior_title": "We cannot predict with certainty the outcome of litigation matters, government proceedings and other contingencies and uncertainties.",
      "current_body": "We are currently, and may in the future become, subject to lawsuits, fines, investigations, and disputes (some of which involve substantial amounts claimed) arising out of the conduct of our business, 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 benefits plans, intellectual property, antitrust, anti-corruption, accounting, import and export, and environmental, health, and safety matters. Our potential liabilities are subject to change over time due to new developments, changes in settlement strategy or the impact of evidentiary requirements, and we may become subject to or be required to pay damage awards or settlements that could have a material adverse effect on our results of operations, reputation, cash flows, and financial condition. While we maintain insurance for certain risks, the amount of our insurance coverage may not be adequate to cover the total amount of all insured claims and liabilities. The incurrence of significant liabilities for which there is no or insufficient insurance coverage could adversely affect our results of operations, cash flows, liquidity, and financial condition. 39 Honeywell International Inc. 39 Honeywell International Inc. 39 Honeywell International Inc. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS"
    },
    {
      "status": "UNCHANGED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "UNCHANGED",
      "current_title": "INFORMATION ABOUT OUR EXECUTIVE OFFICERS",
      "prior_title": "INFORMATION ABOUT OUR EXECUTIVE OFFICERS",
      "current_body": "The executive officers of Honeywell, listed as follows, are elected annually by the Board. There are no family relationships among them or any of the directors. Name, Age, Year FirstElected an Executive OfficerBusiness ExperienceJim Currier, 592023President and Chief Executive Officer, Aerospace Technologies since January 2024. President and Chief Executive Officer, Aerospace from August 2023 to December 2023. President, Electronic Solutions from June 2021 to August 2023. President, EMAI Aftermarket organization from October 2019 to June 2021. Vice President of Airlines, North America from October 2018 to October 2019.Billal Hammoud, 532023President 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. Vimal Kapur, 602018Chairman of the Board since June 2024 and Chief Executive Officer since June 2023. President and Chief Operating Officer from July 2022 to May 2023. President and Chief Executive Officer, Performance Materials and Technologies from July 2021 to October 2022. President and Chief Executive Officer, Honeywell Building Technologies from June 2018 to June 2021. President of Honeywell Process Solutions from May 2014 to May 2018.Pete Lau, 462025President and Chief Executive Officer, Industrial Automation since October 2025. President and Chief Executive Officer of FARO Technologies from July 2023 to October 2025. Chief Executive Officer of Catalyst Nutraceuticals from October 2022 to July 2023. President of the Electrical Segment at Hubbell Incorporated from August 2020 to September 2022 where he led strategic, operational, and financial operations. President of Honeywell's Fire Detection and Control business from April 2019 to August 2020 and President of Honeywell's Global Security business from January 2018 to April 2019.Su Ping Lu, 502025Senior Vice President, General Counsel and Corporate Secretary since May 2025. Vice President and Corporate Secretary from January 2024 to May 2025. Vice President, Deputy Corporate Secretary, and General Counsel for ESG, Investigations, and International from August 2021 to December 2023. Assistant General Counsel for Corporate Governance and Finance from October 2016 to August 2021.Jim Masso, 412025President and Chief Executive Officer, Process Automation since January 2026. President and Chief Executive Officer, Honeywell Process Solutions from July 2025 to December 2025. President and Chief Executive Officer, Allied Power Group from November 2019 to June 2025.Karen Mattimore, 592020Senior Vice President and Chief Human Resources Officer since June 2020. Vice President, Human Resources and Communications, Aerospace from February 2018 to June 2020. Vice President, Human Resources Services from April 2015 to February 2018. Michal Stepniak, 482025Senior Vice President and Chief Financial Officer since February 2025. Vice President, Corporate Finance from October 2024 to February 2025. Vice President and Chief Financial Officer of Aerospace Technologies from January 2023 to October 2024. Vice President and Chief Financial Officer of Honeywell Building Technologies from March 2020 to January 2023.Ken West, 482024President and Chief Executive Officer, Energy and Sustainability Solutions since January 2024. President of UOP from July 2023 to December 2023, President of Advanced Materials from January 2022 to July 2023, Vice President and General Manager of the Fluorine Products business from April 2021 to January 2022, Vice President and General Manager of the Life Sciences, Protective, and Industrial Products business from June 2020 to April 2021, and Vice President and General Manager of the Packaging and Composites business from October 2018 to June 2020."
    },
    {
      "status": "UNCHANGED",
      "current_title": "WARRANTIES AND GUARANTEES",
      "prior_title": "WARRANTIES AND GUARANTEES",
      "current_body": "In the normal course of business, the Company issues product warranties and product performance guarantees. The Company accrues for the estimated cost of product warranties and performance guarantees based on contract terms and historical experience at the time of sale. Adjustments to initial obligations for warranties and guarantees are made as changes to the obligations become reasonably estimable. The following table summarizes information concerning the Company's recorded obligations for product warranties and product performance guarantees: Years Ended December 31,202520242023Beginning of year$237 $219 $213 Accruals for warranties/guarantees issued during the year144 186 139 Adjustment of pre-existing warranties/guarantees6 3 (27)Settlement of warranty/guarantee claims(148)(171)(106)Reclassifications to Liabilities held for sale(19)— — End of year$220 $237 $219 Product warranties and product performance guarantees are included in the following balance sheet accounts:"
    },
    {
      "status": "UNCHANGED",
      "current_title": "(Dollars in tables in millions, except per share amounts)",
      "prior_title": "(Dollars in tables in millions, except per share amounts)",
      "current_body": "applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company adopted this guidance on a prospective basis for annual disclosures for the year ended December 31, 2025. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements."
    },
    {
      "status": "UNCHANGED",
      "current_title": "The Company and each of our businesses is subject to unique industry and economic conditions that may adversely affect the markets and operating conditions of our customers, which in turn can affect demand for our products and services and our results of operations.",
      "prior_title": "Each of our businesses is subject to unique industry and economic conditions that may adversely affect the markets and operating conditions of our customers, which in turn can affect demand for our products and services and our results of operations.",
      "current_body": "•Aerospace Technologies—Our Aerospace business is impacted by customer buying patterns of aftermarket parts, supplier stability, factory transitions, and global supply chain capacity constraints that may lead to shortages of crucial components. Operating results may be adversely affected by downturns in the global demand for air travel, which may impact new aircraft production or result in the delay or cancellation of new aircraft orders, delays in launch schedules for new aircrafts, the retirement of aircrafts, and reductions in global flying hours, which impacts air transport and regional, business, and general aviation aircraft utilization rates. Operating results may also be adversely affected by any decrease in air travel demand due to regional restrictions or suspension of service for events related to public health, safety, the environment, or regional conflicts. Operating results could also be impacted by changes in overall trends related to end market demand for the product portfolio, as well as new entrants and non-traditional players entering the market. Operating results in our Defense and Space business unit may be affected by the mix of U.S. and foreign government appropriations for defense and space programs and by compliance risks. In addition, delays resulting from a U.S. federal government shutdown may result in us incurring substantial labor or other costs without reimbursement under our customer contracts, delay or decrease the number of purchase orders issued under our contracts with government agencies, or result in the suspension of work on contracts in progress or in payment delays. Results may also be impacted by the potential introduction of counterfeit parts into our global supply chain. •Industrial Automation—Operating results may be adversely impacted by reduced investments in process automation, safety monitoring, industrial plants, utilities and plant capacity utilization initiatives, fluctuations in retail, energy and semiconductor markets, changes in the competitive landscape, including new market entrants and new technologies that may lead to product commoditization, and adverse industry economic conditions, all of which could result in lower market share, reduced selling prices, and lower margins. •Building Automation—Operating results may be adversely impacted by downturns in the level of global buildings and infrastructure construction activity (including retrofits and upgrades), lower capital spending and operating expenditures on projects, changes in the competitive landscape, including new market entrants and new technologies, and fluctuations in inventory levels in distribution channels. •Energy and Sustainability Solutions—Operating results may be adversely impacted by downturns in capacity utilization for chemical, industrial, refining and petrochemical plants, our customers’ availability of capital for refinery construction and expansion, raw material demand and supply, product commoditization, and our ability to maximize our facilities’ production capacity and minimize downtime. Periods of increased volatility in oil and natural gas prices may result in less investment by our customers and therefore, lower demand for our products and services. In addition, the Company and each of its businesses has been, and may continue to be, negatively affected by global macroeconomic conditions, including the impacts of inflation, high interest rates, supply chain and labor disruptions, unemployment rates, geopolitical instability and regional conflicts, the adoption and expansion of, and other changes to, trade restrictions and tariffs, quotas, embargoes, and other related actions, and the occurrence or threat of a trade war or other governmental action related to tariffs or trade agreements or policies. Such factors could adversely impact, demand for our products, our costs, our customers, our suppliers, and the world and U.S. economies. The impact of such factors could have a material adverse effect on our business, operating results, cash flows, and financial condition."
    }
  ]
}