SEC Filing | Honeywell Technologies

View:

Download DOC

Download PDF

Download XLS

Download XBRL

hon-20260630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q/A

__________________

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026

☐ 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

https://cdn.kscope.io/d6ed580fd193306dfe28d70cd8ab0d14-ht_logo_prim_rgb_red300_pos.jpg

Honeywell International Inc.

(Exact name of registrant as specified in its charter)


Delaware		22-2640650
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

855 South Mint Street		28202
Charlotte,	North Carolina
(Address of principal executive offices)		(Zip Code)


			(704)			627-6200
			(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $1 per share

HON

The Nasdaq Stock Market LLC

3.375% Senior Notes due 2030

HON 30

The Nasdaq Stock Market LLC

0.750% Senior Notes due 2032

HON 32

The Nasdaq Stock Market LLC

3.750% Senior Notes due 2032

HON 32A

The Nasdaq Stock Market LLC

4.125% Senior Notes due 2034

HON 34

The Nasdaq Stock Market LLC

3.750% Senior Notes due 2036

HON 36

The Nasdaq Stock Market LLC

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes x No ☐

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.


Large accelerated filer	x	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No x

There were 316,940,010 shares of Common Stock outstanding at June 30, 2026.

EXPLANATORY NOTE

Honeywell International Inc. (we, us, our, Honeywell Technologies, or the Company) is filing this Amendment No. 1 (this Amendment) to its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, previously filed with the Securities and Exchange Commission (SEC) on July 23, 2026 (the Original Filing), solely for the purpose of correcting typographical errors in the presentation of backlog by business segment in Item 2 of Part I, the Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A). Specifically, the backlog amounts reflected for each of the Industrial Automation, Building Automation and Process Automation and Technology segments were misaligned with the amounts corresponding to such segment. The backlog amounts for the Aerospace Technologies segment and the Company were properly aligned with the corresponding segment and remain unchanged. The revised MD&A disclosure is included in Item 2 of Part I of this Amendment.

Except as described above, this Amendment does not amend, update or change any other items or disclosures contained in the Original Filing. This Amendment does not reflect or purport to reflect any information or events occurring after the date of the Original Filing nor does it modify or update the disclosures contained in the Original Filing that may be affected by subsequent events. Accordingly, this Amendment should be read in conjunction with the Original Filing and the Company’s other filings made with the SEC subsequent to the filing of the Original Filing.


	Q2 2026 vs. Q2 2025	Year to Date
Volume	— %	(1 %)
Price	4 %	4 %
Foreign currency translation	1 %	1 %
Acquisitions	1 %	1 %
Divestitures	(2 %)	(2 %)
Other	— %	— %
Total % change in Net sales	4 %	3 %


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Company funded research and development expenses	$	524	$	459	$	1,016	$	875



Customer-sponsored research and development1	304		260		570		527
Total research and development costs	$	828	$	719	$	1,586	$	1,402



1			Includes deferred customer funded nonrecurring engineering and development activities and expenditures on customer programs with a significant engineering performance obligation, included in Cost of products and services sold in the Consolidated Statement of Operations.


	June 30, 2026
Aerospace Technologies	$	18,435

Building Automation	9,258
Process Automation and Technology	7,640
Industrial Automation	2,675

Total backlog	$	38,008


	Three Months Ended June 30,						Six Months Ended June 30,
	2026		2025		% Change		2026		2025		% Change
Net sales	$	4,532	$	4,307	5	%	$	8,854	$	8,479	4	%
Cost of products and services sold	2,889		2,718				5,564		5,310

Selling, general and administrative and other expenses	517		491				1,020		972
Segment profit	$	1,126	$	1,098	2	%	$	2,270	$	2,197	3	%


	2026 vs. 2025
	Three Months Ended June 30,				Six Months Ended June 30,
Factors Contributing to Year-Over-Year Change	Net Sales		Segment Profit		Net Sales		Segment Profit
Reported percent change	5	%	2	%	4	%	3	%
Less: Impact of divestitures to the prior period	—	%	—	%	—	%	—	%
Reported percent change, adjusted for impact of divestitures	5	%	2	%	4	%	3	%
Less: Foreign currency translation	—	%	—	%	—	%	—	%
Less: Acquisitions	—	%	—	%	—	%	—	%
Less: Other	—	%	—	%	—	%	—	%
Organic percent change1	5	%	2	%	4	%	3	%


1						Organic sales % change, presented for all of our reportable business segments, is defined as the change in Net sales, adjusted for the impact of divestitures to the prior period, and excluding the impact on sales from foreign currency translation, acquisitions for the first 12 months following the transaction date, and certain other items that are unusual or non-recurring in nature. We believe this non-GAAP measure is useful to investors and management in understanding the ongoing operations and analysis of ongoing operating trends.


	June 30, 2026		December 31, 2025
Fixed rate notes	$	28,577	$	25,164
Commercial paper	2,477		5,892
Term loans	2,750		3,750
Variable rate notes	512		22
Other	94		111
Fair value of hedging instruments	(75)		(79)
Debt issuance costs	(347)		(280)
Total borrowings	$	33,988	$	34,580


Exhibit No.						Description





31.1						Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
31.2						Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)



101.INS						Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH						Inline XBRL Taxonomy Extension Schema (filed herewith)
101.CAL						Inline XBRL Taxonomy Extension Calculation Linkbase (filed herewith)
101.DEF						Inline XBRL Taxonomy Extension Definition Linkbase (filed herewith)
101.LAB						Inline XBRL Taxonomy Extension Label Linkbase (filed herewith)
101.PRE						Inline XBRL Taxonomy Extension Presentation Linkbase (filed herewith)
104						Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)


	HONEYWELL INTERNATIONAL INC.

Date: July 23, 2026	By:	/s/ Robert D. Mailloux
		Robert D. Mailloux Vice President and Controller (on behalf of the Registrant and as the Registrant’s Principal Accounting Officer)


	Six Months Ended June 30,
	2026		2025		Variance
Cash and cash equivalents at beginning of period	$	12,487	$	10,567	$	1,920

Operating activities
Net income from continuing operations	6,481		2,679		3,802
Noncash adjustments	(4,281)		628		(4,909)
Changes in working capital	(863)		(1,179)		316

Other operating activities	(711)		(686)		(25)
Net cash provided by operating activities from discontinued operations	—		474		(474)
Net cash provided by operating activities	626		1,916		(1,290)
Net cash used for investing activities from continuing operations	(1,048)		(1,765)		717
Net cash used for investing activities from discontinued operations	—		(115)		115
Net cash used for financing activities	(3,246)		(421)		(2,825)
Effect of foreign exchange rate changes on cash and cash equivalents	(68)		167		(235)
Net decrease in cash and cash equivalents	(3,736)		(218)		(3,518)
Cash and cash equivalents at end of period	$	8,751	$	10,349	$	(1,598)


1.	I have reviewed this Quarterly Report on Form 10-Q/A of Honeywell International Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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;

	c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


1.	I have reviewed this Quarterly Report on Form 10-Q/A of Honeywell International Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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;

	c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting;

5.	The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	a)	all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b)	any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


Date: July 23, 2026	By:	/s/ Vimal Kapur
		Vimal Kapur
		Chairman and Chief Executive Officer


Date: July 23, 2026	By:	/s/ Michal Stepniak
		Michal Stepniak
		Senior Vice President and Chief Financial Officer