Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Honeywell International Inc., adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	23,502)	24,982)	25,372)	28,175)	24,303)
Adjustments
Add: Allowances	323)	326)	177)	202)	146)
Add: LIFO reserve¹	—)	—)	—)	—)	45)
After Adjustment
Adjusted current assets	23,825)	25,308)	25,549)	28,377)	24,494)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ LIFO reserve. See details »

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Honeywell International Inc., adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	61,525)	62,275)	64,470)	64,586)	58,679)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowances	323)	326)	177)	202)	146)
Add: LIFO reserve²	—)	—)	—)	—)	45)
Less: Deferred tax assets³	392)	421)	489)	760)	86)
After Adjustment
Adjusted total assets	61,456)	62,180)	64,158)	64,028)	58,784)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² LIFO reserve. See details »

³ Deferred tax assets. See details »

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Honeywell International Inc., adjusted current liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current liabilities	18,539)	19,938)	19,508)	19,197)	18,098)
Adjustments
Less: Current customer advances and deferred income	3,499)	3,555)	3,163)	2,932)	2,490)
Less: Current obligations for product warranties and product performance guarantees	182)	175)	180)	183)	213)
Less: Current repositioning reserves	279)	309)	411)	601)	640)
After Adjustment
Adjusted current liabilities	14,579)	15,899)	15,754)	15,481)	14,755)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Honeywell International Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	45,084)	44,949)	45,221)	46,789)	39,966)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities²	2,094)	2,093)	2,364)	2,113)	1,670)
Less: Customer advances and deferred income	4,670)	4,889)	4,487)	4,288)	3,800)
Less: Obligations for product warranties and product performance guarantees	219)	213)	223)	243)	269)
Less: Repositioning reserves	279)	309)	411)	601)	651)
After Adjustment
Adjusted total liabilities	37,822)	37,445)	37,736)	39,544)	33,576)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Honeywell International Inc., adjusted total Honeywell shareowners’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total Honeywell shareowners’ equity	15,856)	16,697)	18,569)	17,549)	18,494)
Adjustments
Less: Net deferred tax asset (liability)¹	(1,702)	(1,672)	(1,874)	(1,353)	(1,584)
Add: Allowances	323)	326)	177)	202)	146)
Add: LIFO reserve²	—)	—)	—)	—)	45)
Add: Customer advances and deferred income	4,670)	4,889)	4,487)	4,288)	3,800)
Add: Obligations for product warranties and product performance guarantees	219)	213)	223)	243)	269)
Add: Repositioning reserves	279)	309)	411)	601)	651)
Add: Redeemable noncontrolling interest	7)	7)	7)	7)	7)
Add: Noncontrolling interest	578)	622)	673)	241)	212)
After Adjustment
Adjusted total shareowners’ equity	23,634)	24,735)	26,421)	24,484)	25,208)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Net deferred tax asset (liability). See details »

² LIFO reserve. See details »

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Honeywell International Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Commercial paper and other short-term borrowings	2,085)	2,717)	3,542)	3,597)	3,516)
Current maturities of long-term debt	1,796)	1,730)	1,803)	2,445)	1,376)
Long-term debt, excluding current maturities	16,562)	15,123)	14,254)	16,342)	11,110)
Total reported debt	20,443)	19,570)	19,599)	22,384)	16,002)
Total Honeywell shareowners’ equity	15,856)	16,697)	18,569)	17,549)	18,494)
Total reported capital	36,299)	36,267)	38,168)	39,933)	34,496)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current operating lease liabilities²	196)	192)	185)	187)	171)
Add: Non-current operating lease liabilities³	897)	775)	847)	641)	534)
Adjusted total debt	21,536)	20,537)	20,631)	23,212)	16,707)
Adjustments to Equity
Less: Net deferred tax asset (liability)⁴	(1,702)	(1,672)	(1,874)	(1,353)	(1,584)
Add: Allowances	323)	326)	177)	202)	146)
Add: LIFO reserve⁵	—)	—)	—)	—)	45)
Add: Customer advances and deferred income	4,670)	4,889)	4,487)	4,288)	3,800)
Add: Obligations for product warranties and product performance guarantees	219)	213)	223)	243)	269)
Add: Repositioning reserves	279)	309)	411)	601)	651)
Add: Redeemable noncontrolling interest	7)	7)	7)	7)	7)
Add: Noncontrolling interest	578)	622)	673)	241)	212)
Adjusted total shareowners’ equity	23,634)	24,735)	26,421)	24,484)	25,208)
After Adjustment
Adjusted total capital	45,170)	45,272)	47,052)	47,696)	41,915)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Non-current operating lease liabilities. See details »

⁴ Net deferred tax asset (liability). See details »

⁵ LIFO reserve. See details »

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Honeywell International Inc., adjusted net sales

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net sales	36,662)	35,466)	34,392)	32,637)	36,709)
Adjustment
Add: Increase (decrease) in customer advances and deferred income	(219)	402)	199)	488)	133)
After Adjustment
Adjusted net sales	36,443)	35,868)	34,591)	33,125)	36,842)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Honeywell International Inc., adjusted net income attributable to Honeywell

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income attributable to Honeywell	5,658)	4,966)	5,542)	4,779)	6,143)
Adjustments
Add: Deferred income tax expense (benefit)¹	153)	(180)	178)	(175)	179)
Add: Increase (decrease) in allowances	(3)	149)	(25)	56)	(51)
Add: Increase (decrease) in LIFO reserve²	—)	—)	—)	(45)	6)
Add: Increase (decrease) in customer advances and deferred income	(219)	402)	199)	488)	133)
Add: Increase (decrease) in obligations for product warranties and product performance guarantees	6)	(10)	(20)	(26)	(41)
Add: Increase (decrease) in repositioning reserves	(30)	(102)	(190)	(50)	85)
Add: Other comprehensive income (loss), net of tax	(665)	(598)	482)	(177)	240)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	9)	(17)	64)	89)	82)
After Adjustment
Adjusted net income	4,909)	4,610)	6,230)	4,939)	6,776)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Deferred income tax expense (benefit). See details »

² Increase (decrease) in LIFO reserve. See details »

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Honeywell International Inc. (NASDAQ:HON)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income