Honeywell International Inc. Files 2023 Annual Report on Form 10-K

Ticker: HON · Form: 10-K · Filed: Feb 16, 2024 · CIK: 773840

Honeywell International INC 10-K Filing Summary
FieldDetail
CompanyHoneywell International INC (HON)
Form Type10-K
Filed DateFeb 16, 2024
Risk Levelmedium
Pages14
Reading Time17 min
Key Dollar Amounts$1, $36.7 b, $8.3 billion, $31.8 billion, $36.7 BILLION
Sentimentneutral

Sentiment: neutral

Topics: Honeywell, 10-K, Annual Report, Aerospace, Industrial

TL;DR

<b>Honeywell International Inc. has filed its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

HONEYWELL INTERNATIONAL INC (HON) filed a Annual Report (10-K) with the SEC on February 16, 2024. Honeywell International Inc. filed its 2023 Form 10-K on February 16, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business is Aircraft Engines & Engine Parts. Honeywell International Inc. is incorporated in Delaware. The company's principal executive offices are located in Charlotte, NC.

Why It Matters

For investors and stakeholders tracking HONEYWELL INTERNATIONAL INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Honeywell's financial health, operational segments, and strategic direction for investors and stakeholders. The detailed financial statements and risk factors within the report are crucial for understanding the company's performance and outlook in the aerospace and industrial sectors.

Risk Assessment

Risk Level: medium — HONEYWELL INTERNATIONAL INC shows moderate risk based on this filing. The company operates in the Aircraft Engines & Engine Parts industry, which is subject to cyclical demand, technological advancements, and regulatory scrutiny, posing medium-term risks.

Analyst Insight

Review the detailed segment performance and forward-looking statements in the 10-K to assess Honeywell's growth prospects and potential challenges.

Key Numbers

Key Players & Entities

FAQ

When did HONEYWELL INTERNATIONAL INC file this 10-K?

HONEYWELL INTERNATIONAL INC filed this Annual Report (10-K) with the SEC on February 16, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by HONEYWELL INTERNATIONAL INC (HON).

Where can I read the original 10-K filing from HONEYWELL INTERNATIONAL INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by HONEYWELL INTERNATIONAL INC.

What are the key takeaways from HONEYWELL INTERNATIONAL INC's 10-K?

HONEYWELL INTERNATIONAL INC filed this 10-K on February 16, 2024. Key takeaways: Honeywell International Inc. filed its 2023 Form 10-K on February 16, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal business is Aircraft Engines & Engine Parts..

Is HONEYWELL INTERNATIONAL INC a risky investment based on this filing?

Based on this 10-K, HONEYWELL INTERNATIONAL INC presents a moderate-risk profile. The company operates in the Aircraft Engines & Engine Parts industry, which is subject to cyclical demand, technological advancements, and regulatory scrutiny, posing medium-term risks.

What should investors do after reading HONEYWELL INTERNATIONAL INC's 10-K?

Review the detailed segment performance and forward-looking statements in the 10-K to assess Honeywell's growth prospects and potential challenges. The overall sentiment from this filing is neutral.

How does HONEYWELL INTERNATIONAL INC compare to its industry peers?

Honeywell operates in the aerospace and industrial sectors, which are subject to global economic conditions, technological innovation, and regulatory frameworks.

Are there regulatory concerns for HONEYWELL INTERNATIONAL INC?

The company is subject to SEC regulations governing financial reporting and disclosure, as well as industry-specific regulations related to aerospace and environmental standards.

Industry Context

Honeywell operates in the aerospace and industrial sectors, which are subject to global economic conditions, technological innovation, and regulatory frameworks.

Regulatory Implications

The company is subject to SEC regulations governing financial reporting and disclosure, as well as industry-specific regulations related to aerospace and environmental standards.

What Investors Should Do

  1. Analyze Honeywell's revenue breakdown by segment and geographical region.
  2. Review the management's discussion and analysis (MD&A) for insights into financial condition and results of operations.
  3. Examine the risk factors section for potential threats to the company's business and financial performance.

Key Dates

Year-Over-Year Comparison

This is the initial filing of the 2023 Form 10-K, providing the latest annual financial data and operational overview.

Filing Stats: 4,268 words · 17 min read · ~14 pages · Grade level 16.2 · Accepted 2024-02-16 13:40:36

Key Financial Figures

Filing Documents

: Proxy Statement for Annual Meeting of Shareowners to be held May 14, 2024

Part III: Proxy Statement for Annual Meeting of Shareowners to be held May 14, 2024 TABLE OF CONTENTS ORGANIZATION OF OUR ANNUAL REPORT ON FORM 10-K The order and presentation of content in our Annual Report on Form 10-K (Form 10-K) differs from the traditional U.S. Securities and Exchange Commission (SEC) Form 10-K format. We believe that our format improves readability and better presents how we organize and manage our business. See Form 10-K Cross-Reference Index for a cross-reference to the traditional SEC Form 10-K format. 1 Cautionary Statement about Forward-Looking Statements 2 About Honeywell 17

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Review of Business Segments 30

Quantitative and Qualitative Disclosures about Market Risks

Quantitative and Qualitative Disclosures about Market Risks 38 Liquidity and Capital Resources 44 Critical Accounting Estimates 47 Other Matters 48 Information about Our Executive Officers 49 Unresolved Staff Comments 49 Cybersecurity 50

Legal Proceedings

Legal Proceedings 50 Mine Safety Disclosures 51 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 53

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 115 Report of Independent Registered Public Accounting Firm 117 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 117

Controls and Procedures

Controls and Procedures 117 Management's Report on Internal Control over Financial Reporting 118 Other Information 118 Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 118 Directors, Executive Officers, and Corporate Governance 118

Executive Compensation

Executive Compensation 119

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 120 Certain Relationships and Related Transactions, and Director Independence 120 Principal Accounting Fees and Services 120 Exhibits and Financial Statement Schedules 120 Form 10-K Summary 121 Exhibit Index 125

Signatures

Signatures 127 Form 10-K Cross-Reference Index TABLE OF CONTENTS CAUTIONARY STATEMENT ABOUT

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS We describe many of the trends and other factors that drive our business and future results in the section titled Management's Discussion and Analysis of Financial Condition and Results of Operations and in other parts of this report (including under the section titled Risk Factors). Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this Form 10-K can or will be achieved. These forward-looking statements should be considered in light of the information included in this Form 10-K, including, in particular, the factors discussed within the section titled Risk Factors. Such factors may be revised or supplemented in subsequent reports on Forms

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