Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Analysis of Debt
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Honeywell International Inc., consolidated balance sheet: assets
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Total assets experienced fluctuations over the five-year period, beginning at US$64.47 billion in 2021, decreasing to US$61.525 billion in 2023, and then increasing significantly to US$75.196 billion in 2024 before settling at US$73.681 billion in 2025. This pattern suggests potential strategic shifts in asset allocation or significant acquisitions/divestitures during the period.
- Current Assets
- Current assets demonstrated a generally decreasing trend from 2021 to 2023, falling from US$25.372 billion to US$23.502 billion. However, a substantial increase occurred in 2024, reaching US$27.908 billion, and continued to rise in 2025 to US$30.387 billion. This increase is likely driven by increases in cash, assets held for sale, and overall current asset composition. Within current assets, cash and cash equivalents exhibited volatility, decreasing from US$10.959 billion in 2021 to US$7.925 billion in 2023, then rebounding to US$12.487 billion in 2025. Accounts receivable remained relatively stable, fluctuating between US$6.830 billion and US$7.819 billion. Inventories showed a consistent increase from US$5.138 billion in 2021 to US$6.442 billion in 2024, before decreasing slightly to US$6.162 billion in 2025. The emergence of 'Assets held for sale' in 2024, growing from US$1.365 billion to US$2.492 billion in 2025, indicates potential divestiture activity.
- Non-Current Assets
- Non-current assets followed a similar pattern to total assets, decreasing from US$39.098 billion in 2021 to US$37.293 billion in 2023, then increasing to US$47.288 billion in 2024 and decreasing to US$43.294 billion in 2025. Goodwill represents a significant portion of non-current assets, increasing from US$17.756 billion in 2021 to US$21.825 billion in 2024, before decreasing to US$21.079 billion in 2025. This suggests potential acquisitions contributing to goodwill increases, followed by possible impairment or adjustments. Other intangible assets also experienced a notable increase, rising from US$3.613 billion in 2021 to US$6.656 billion in 2024, and then to US$6.736 billion in 2025. Property, plant, and equipment net decreased from US$5.562 billion in 2021 to US$4.629 billion in 2025, potentially indicating depreciation outpacing new investments or asset disposals. Other assets remained relatively stable, fluctuating around US$10 billion throughout the period.
The combined effect of these trends suggests a dynamic asset strategy, potentially involving acquisitions, divestitures, and shifts in investment priorities. The significant increases in both current and non-current assets in 2024, followed by a slight decrease in total assets in 2025, warrant further investigation to understand the underlying drivers and their implications for the company’s financial position.