Stock Analysis on Net
Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Paying user area

Try for free

Honeywell International Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Honeywell International Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Accounts payable
Commercial paper and other short-term borrowings
Current maturities of long-term debt
Customer advances and deferred income
Compensation, benefit and other employee related
Income taxes
Accrued interest
Other taxes
Product warranties and performance guarantees
Environmental costs
Derivative liabilities
Current operating lease liabilities
Repositioning
Insurance
Asbestos-related liabilities
NARCO Buyout accrual
Other, primarily operating expenses
Accrued liabilities
Liabilities held for sale
Current liabilities
Long-term debt, excluding current maturities
Deferred income taxes
Postretirement benefit obligations other than pensions
Asbestos-related liabilities
Income taxes
Pension and other employee related
Deferred income
Non-current operating lease liabilities
Derivative liabilities
Environmental costs
Insurance
Product warranties and performance guarantees
Asset retirement obligations
Other
Other liabilities
Non-current liabilities
Total liabilities
Redeemable noncontrolling interest
Common stock issued
Additional paid-in capital
Common stock held in treasury, at cost
Accumulated other comprehensive loss
Retained earnings
Total Honeywell shareowners’ equity
Noncontrolling interest
Total shareowners’ equity
Total liabilities, redeemable noncontrolling interest and shareowners’ equity

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).

Overall, the liabilities of the company demonstrate a generally increasing trend from 2021 to 2025, with a significant jump between 2023 and 2024. Shareowners’ equity, conversely, exhibits more volatility, decreasing over the period, particularly in the later years. This suggests a growing reliance on debt financing and potentially decreasing retained earnings or shareholder returns.

Current Liabilities
Current liabilities increased substantially from US$19,508 million in 2021 to US$23,414 million in 2025. This growth was not linear, with a decrease observed between 2021 and 2023 before a marked increase in 2024 and 2025. Accounts payable remained relatively stable, fluctuating between US$6,329 million and US$6,880 million. However, commercial paper and other short-term borrowings experienced significant volatility, rising from US$2,717 million in 2022 to US$5,893 million in 2025. A notable increase in liabilities held for sale is observed in 2024 and 2025, reaching US$1,198 million. Accrued liabilities also increased over the period, though with some fluctuation.
Non-Current Liabilities
Non-current liabilities also showed an increasing trend, rising from US$25,713 million in 2021 to US$35,237 million in 2025. Long-term debt, excluding current maturities, contributed significantly to this increase, nearly doubling from US$14,254 million to US$27,141 million. Deferred income taxes decreased over the period, while other liabilities remained relatively stable. Environmental costs and derivative liabilities saw increases towards the end of the period.
Total Liabilities
Total liabilities increased from US$45,221 million in 2021 to US$58,651 million in 2025. The most substantial increase occurred between 2023 and 2024, jumping from US$45,084 million to US$56,035 million. This increase is attributable to both current and non-current liability components.
Shareowners’ Equity
Total shareowners’ equity decreased from US$19,242 million in 2021 to US$15,030 million in 2025. Common stock issued remained constant, while additional paid-in capital increased over the period. However, this was offset by a substantial increase in treasury stock, which moved from -US$30,462 million to -US$43,029 million, and an increase in accumulated other comprehensive loss. Retained earnings showed an initial increase, peaking in 2023, but then decreased slightly in 2024 and 2025. The redeemable noncontrolling interest remained relatively stable.
Specific Liability Items
Several specific liability items exhibited notable changes. Income taxes payable increased significantly between 2021 and 2024, before decreasing in 2025. Accrued interest also increased substantially over the period. The NARCO Buyout accrual appeared in 2022 and then disappeared. Asbestos-related liabilities decreased initially, then increased, and finally showed no value in 2025. Repositioning liabilities decreased steadily throughout the period.

In conclusion, the company experienced a growing debt burden alongside a decrease in shareowners’ equity. This shift in the capital structure warrants further investigation to understand the underlying drivers and potential implications for financial stability and future performance.