(1) Included in Selling, general and administrative expenses. (2) Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges. For the twelve months ended December 31, 2022, other charges include an expense of $250 million related to reserves against outstanding accounts receivables, contract assets, and inventory, as well as the write-down of other assets and employee severance related to the initial suspension and wind down of our businesses and operations in Russ ...

Financial Performance - In 2022, Honeywell achieved a sales growth of 3%, with 6% organic growth and 7% organic growth excluding lost Russian sales, driven by strong demand in Commercial Aviation, Advanced Materials, and Building Products segments [12]. - Honeywell's operating cash flows for the year were $5.3 billion, with a record backlog of $29.6 billion as of December 31, 2022, indicating strong demand in end markets [14]. - The company deployed $7.9 billion to capital expenditures, dividends, share repurchases, and mergers and acquisitions, which was approximately $2.6 billion in excess of operating cash flow for the year [12]. - Net sales increased by 3% in 2022 compared to 2021, driven by a 10% increase in pricing, partially offset by a 4% decline in volume and a 3% unfavorable impact from foreign currency translation [90]. - Organic sales growth, excluding the impact of lost Russian sales, was 7% in 2022, compared to 4% in 2021 [91]. - Gross margin increased by approximately $0.6 billion, with the gross margin percentage rising to 32.8% in 2022 from 32.0% in 2021 [94]. - The effective tax rate for 2022 was higher than the U.S. federal statutory rate of 21%, primarily due to a 320 basis-point increase from restructuring and state taxes [103]. - Net income attributable to Honeywell decreased primarily due to higher repositioning charges impacting earnings per share by $0.86 after tax [105]. Segment Performance - Honeywell Building Technologies generated $6,000 million in revenue for 2022, with $3,638 million from products and $2,362 million from building solutions [22]. - The Performance Materials and Technologies segment reported a full-year revenue of $10,727 million, with $2,404 million from UOP, $4,731 million from Process Solutions, and $3,592 million from Advanced Materials [24]. - Safety and Productivity Solutions achieved a revenue of $6,907 million in 2022, with $2,952 million from Sensing and Safety Technologies, $1,619 million from Productivity Solutions and Services, and $2,336 million from Warehouse and Workflow Solutions [25]. - Aerospace segment net sales increased by $801 million, with organic sales growth of 8% [108]. - Honeywell Building Technologies segment net sales increased by $461 million, with organic sales growth of 14% [113]. - Performance Materials and Technologies segment net sales increased by $714 million, with organic sales growth of 11% [117]. - Safety and Productivity Solutions segment sales decreased by $907 million, primarily due to lower organic sales of 9% [121]. Capital and Investment - The company expects to spend approximately $1.0 billion on capital expenditures in 2023 for growth and capacity expansion [180]. - A quarterly dividend rate increase of 5% to $1.03 per share was effective in Q4 2022, with intentions to continue dividends in 2023 [180]. - Cash used for investing activities decreased by $968 million, mainly due to a reduction in cash paid for acquisitions [175]. - Cash used for financing activities decreased by $1.9 billion, driven by a $3.1 billion reduction in long-term debt payments [176]. - As of December 31, 2022, the company held $10.1 billion in cash and cash equivalents, down from $11.5 billion in 2021 [165]. - Total borrowings as of December 31, 2022, were $19.6 billion, with fixed rate notes comprising $17.1 billion of this total [168]. Strategic Focus and Future Outlook - Honeywell plans to continue deploying capital to high-return opportunities, including software and services and sustainable technologies, to position the business for future growth [13]. - The company expects macroeconomic factors to remain turbulent in 2023 but is well-positioned with a robust backlog for future growth [13]. - Backlog was $29,558 million at December 31, 2022, an increase from $27,682 million in 2021, with an expectation to recognize approximately 62% as revenue in 2023 [27]. - The company is focused on driving profitable growth through innovative products, expanding margins, and executing disciplined portfolio management [16]. - Future growth is dependent on the ability to develop new technologies and products that achieve market acceptance in competitive markets [143]. Sustainability and Corporate Responsibility - Honeywell aims to be carbon neutral by 2035, having implemented over 6,300 sustainability projects since 2010 [43]. - The company has developed a strategy to electrify its global fleet of over 7,500 vehicles by 2035, with the first fully electric light-duty vehicles delivered in 2022 [43]. - Honeywell's Performance Materials and Technologies segment is focused on developing solutions for a lower carbon economy, including renewable fuels and carbon capture [45]. - Honeywell maintains a commitment to uphold environmental, social, and governance principles as part of its corporate citizenship strategy [16]. - Stakeholder interest in environmental, social, and governance (ESG) practices is increasing, prompting the company to enhance its ESG reporting and set new goals [155]. Risks and Challenges - Supply chain constraints for certain raw materials are expected to continue into 2023, but the company believes its mitigation strategies will reduce the impact [33]. - The company faces risks related to foreign exchange fluctuations, which could expose it to financial loss despite hedging activities [135]. - The company may face challenges in executing or integrating acquisitions, which could impact expected returns and operational performance [142]. - Cybersecurity incidents could potentially result in financial loss, reputational damage, and increased costs due to the sophistication of threats [149]. - The company faces risks from climate change that could disrupt operations and increase costs for materials and insurance [157]. - Changes in government regulations can significantly impact the company's sales and margins across its business segments [160]. Employee Engagement and Diversity - Honeywell's commitment to human capital management is reflected in its diverse hiring practices and talent acquisition strategies [53]. - The company has established a Global Inclusion and Diversity Steering Committee to enhance its commitment to diversity, with a diverse Board of Directors and executive leadership team [62]. - The company has implemented a Voice of the Employee feedback survey to improve employee engagement and workplace culture [54]. - Employee well-being initiatives include comprehensive mental health benefits and Employee Assistance Programs available globally [55].

Honeywell International Inc. (NASDAQ:HON) Q4 2022 Earnings Conference Call February 2, 2023 8:30 AM ET Company Participants Sean Meakim - Vice President of Investor Relations Darius Adamczyk - Chairman & Chief Executive Officer Vimal Kapur - President & Chief Operating Officer Greg Lewis - Senior Vice President & Chief Financial Officer Anne Madden - Senior Vice President, General Counsel Conference Call Participants Julian Mitchell - Barclays Steve Tusa - JPMorgan Scott Davis - Melius Research Sheila Kahy ...

| United States | | | --- | --- | | Securities and Exchange Commission | | | Washington, D.C. 20549 | | | Form 10-Q | | | __________________ | | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) | | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the quarterly period ended September 30, 2022 | | | OR | | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) | | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the transition period from ______ to _____ Commission file number 1-8974 | | | Honeywell In ...

Honeywell International Inc. (NASDAQ:HON) Q2 2022 Results Conference Call July 28, 2022 8:30 AM ET Company Participants Sean Meakim - VP, IR Darius Adamczyk - Chairman and CEO Greg Lewis - SVP and CFO Conference Call Participants Steve Tusa - JPMorgan Julian Mitchell - Barclays Scott Davis - Melius Research Sheila Kahyaoglu - Jefferies Andrew Obin - Bank of America Nigel Coe - Wolfe Research Joe Ritchie - Goldman Sachs Andy Kaplowitz - Citigroup Josh Pokrzywinski - Morgan Stanley Deane Dray - RBC Capital Ma ...

| United States | | | --- | --- | | Securities and Exchange Commission | | | Washington, D.C. 20549 | | | Form 10-Q | | | __________________ | | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) | | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the quarterly period ended June 30, 2022 | | | OR | | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) | | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | | For the transition period from ______ to _____ | | | Commission file number 1-8974 | | | Honeywell I ...

| United States | | --- | | Securities and Exchange Commission | | Washington, D.C. 20549 | | Form 10-Q | | __________________ | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the quarterly period ended March 31, 2022 | | OR | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) | | OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the transition period from ______ to _____ | | Commission file number 1-8974 | | Honeywell International Inc. | | (Exact na ...

Honeywell International Inc. (Exact name of registrant as specified in its charter) | Delaware | 22-2640650 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 855 South Mint Street | | | Charlotte, North Carolina | 28202 | | (Address of principal executive offices) | (Zip Code) | Registrant's telephone number, including area code (704) 627-6200 Securities registered pursuant to Section 12(b) of the Act: UNITED STATES SECURITIES A ...

United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q __________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _____ Commission file number 1-8974 Honeywell International Inc. (Exact name of registrant as specified in its charter) Delaware 22-2640 ...

United States Securities and Exchange Commission Washington, D.C. 20549 Form 10-Q __________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Commission file number 1-8974 | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, par value $1 per share* | HON ...