Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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Honeywell International Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 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), 10-K (reporting date: 2020-12-31).
- Accounts Payable
- The proportion of accounts payable within the total financial structure displayed an overall increasing trend from 8.9% in 2020 to a peak of 11.13% in 2023, before declining to 9.15% in 2024.
- Commercial Paper and Other Short-Term Borrowings
- This category showed a decrease from 5.57% in 2020 to 3.39% in 2023, followed by a rebound to 5.68% in 2024, indicating some volatility in short-term debt reliance.
- Current Maturities of Long-Term Debt
- There was a gradual decline in the share of current maturities of long-term debt from 3.79% in 2020 to 1.79% in 2024, suggesting a possible reduction in near-term debt obligations.
- Customer Advances and Deferred Income
- This liability increased to 5.71% in 2022 from 4.54% in 2020, then slightly decreased to 4.66% by 2024, reflecting some fluctuations in advance payments or deferred revenue.
- Compensation, Benefit, and Employee-Related Liabilities
- The percentage related to employee benefits remained fairly stable, starting at 1.93% in 2020, peaking small at 2.15% in 2023, then marginally falling to 1.82% in 2024.
- Income Taxes Liabilities
- The percentage of income taxes in current liabilities steadily rose from 0.48% in 2020 to 1.28% in 2024, and in non-current liabilities, it decreased from 3.11% in 2020 to 1.91% in 2024, showing a shift towards more current tax obligations.
- Repositioning Expenses
- The proportion dedicated to repositioning expenses consistently decreased from 0.93% in 2020 to 0.25% in 2024, indicating reduced costs or liabilities related to restructuring activities.
- Environmental Costs
- Environmental liabilities were relatively stable, with minor fluctuations around 0.3% to 0.67%, showing a slight downward trend in both current and non-current categories by 2024.
- Accrued Interest
- There was a noted increase in accrued interest, rising from 0.16% in 2020 to 0.5% in 2024, which suggests growing interest expense or increased debt costs over time.
- Accrued Liabilities
- The share of accrued liabilities rose from 11.47% in 2020 to 14.71% in 2022, then declined to 11.1% in 2024, reflecting some variability in accrued expenses or payable amounts.
- Current Liabilities Total
- Current liabilities as a percentage of total financing peaked at 32.02% in 2022, then decreased to 28.27% in 2024, indicating a reduction in short-term obligations or liabilities.
- Long-Term Debt, Excluding Current Maturities
- Long-term debt showed an increasing trend, growing from 25.3% in 2020 to 33.88% in 2024, suggesting a greater reliance on long-term borrowings or issuance of debt during this period.
- Deferred Income Taxes
- This liability remained mostly steady around 3.3% but dropped notably to 2.38% in 2024, potentially reflecting tax planning or changes in deferred tax assets and liabilities.
- Postretirement Benefit Obligations
- Postretirement benefit liabilities declined from 0.37% in 2020 to 0.15% in 2024, indicating a decrease in recognized obligations for retiree benefits.
- Asbestos-Related Liabilities
- Both current and non-current asbestos liabilities decreased overall, with current asbestos liabilities diminishing from 0.46% in 2020 to 0.21% in 2024, and non-current asbestos liabilities declining from 2.97% to 1.76%, showing ongoing resolution or settlement of these obligations.
- Insurance Liabilities
- Insurance-related liabilities gradually decreased from 0.22% and 0.43% (current and non-current respectively) in 2020 to 0.08% and 0.32% in 2024, indicating reduced exposure or reinsurance arrangements.
- Other Liabilities
- Other liabilities showed a slight decline in percentage terms from 10.8% in 2020 to 8.08% in 2024, suggesting lower miscellaneous obligations or improved management of such liabilities.
- Non-current Liabilities Total
- The share of non-current liabilities moderately increased from 42.72% in 2020 to 46.25% in 2024, supporting the observation of increased long-term debt as a proportion of total financing.
- Total Liabilities
- Total liabilities remained a major component of the financial structure, rising from 72.44% in 2020 to 74.52% in 2024, indicating a continuing dominance of liabilities over equity financing.
- Shareowners’ Equity
- Honeywell’s shareowners' equity as a portion of total financing decreased from 27.17% in 2020 to 24.76% in 2024, showing a reduction in equity relative to liabilities. Total equity (including noncontrolling interest) similarly declined from 27.54% to 25.47%. Retained earnings increased to a peak of 77.98% in 2023 before dropping to 67.6% in 2024, implying dividend payments or other equity-impacting events occurred in the last year.
- Common Stock and Capital
- Additional paid-in capital increased steadily until 2023 before dropping slightly to 12.89% in 2024. Common stock issued remained relatively stable, but the significant negative balance in treasury stock increased in magnitude over the years, reflecting ongoing share repurchases.
- Comprehensive Loss and Treasury Stock
- Accumulated other comprehensive loss showed some volatility but generally declined towards 2024. Treasury stock holdings increased significantly as a negative figure, indicating a consistent repurchase activity that reduced total equity.