Stock Analysis on Net
Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Honeywell International Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Accounts payable 8.57 9.04 9.07 8.95 9.15 9.03 9.33 9.85 11.13 10.49 10.34 10.76 10.16 10.15 10.03 9.92 10.06 9.53 9.60 9.11
Commercial paper and other short-term borrowings 8.00 8.49 8.00 7.65 5.68 4.27 6.56 2.77 3.39 3.15 4.54 5.94 4.36 5.70 5.60 5.57 5.49 5.54 5.59 5.61
Current maturities of long-term debt 2.10 0.09 0.09 1.77 1.79 2.39 3.63 1.91 2.92 2.72 1.52 1.56 2.78 2.18 4.98 5.06 2.80 5.21 2.57 2.57
Accrued liabilities 11.48 10.36 10.41 10.44 11.10 10.29 10.83 10.58 12.69 11.74 11.16 11.62 14.71 12.01 11.43 11.06 11.91 11.20 10.61 10.94
Liabilities held for sale 1.63 0.00 0.00 0.53 0.54 0.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current liabilities 31.78% 27.98% 27.57% 29.34% 28.27% 26.58% 30.35% 25.12% 30.13% 28.10% 27.55% 29.88% 32.02% 30.04% 32.04% 31.61% 30.26% 31.48% 28.37% 28.24%
Long-term debt, excluding current maturities 36.84 37.19 38.47 34.23 33.88 35.29 30.10 33.79 26.92 27.22 28.23 24.50 24.28 20.30 20.06 19.95 22.11 22.35 25.24 25.37
Deferred income taxes 2.14 2.35 2.42 2.33 2.38 2.83 3.08 3.14 3.40 3.63 3.63 3.85 3.36 3.99 3.89 3.77 3.67 3.70 3.60 3.63
Postretirement benefit obligations other than pensions 0.15 0.13 0.14 0.15 0.15 0.17 0.18 0.20 0.22 0.21 0.21 0.23 0.23 0.34 0.34 0.35 0.32 0.35 0.35 0.37
Asbestos-related liabilities 0.00 1.69 1.59 1.71 1.76 1.93 2.08 2.23 2.42 1.80 1.81 1.93 1.89 2.81 2.86 2.85 2.79 2.75 2.84 2.95
Other liabilities 8.70 8.72 8.59 8.28 8.08 8.74 8.94 9.54 10.18 10.03 9.85 10.36 10.39 12.11 11.58 11.39 10.99 11.15 11.12 10.72
Noncurrent liabilities 47.82% 50.08% 51.19% 46.69% 46.25% 48.95% 44.38% 48.91% 43.15% 42.89% 43.73% 40.85% 40.16% 39.55% 38.73% 38.31% 39.88% 40.29% 43.15% 43.03%
Total liabilities 79.60% 78.06% 78.76% 76.03% 74.52% 75.53% 74.73% 74.02% 73.28% 70.99% 71.28% 70.74% 72.18% 69.58% 70.77% 69.92% 70.14% 71.77% 71.52% 71.27%
Redeemable noncontrolling interest 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Common stock issued 1.30 1.18 1.22 1.27 1.27 1.30 1.38 1.46 1.56 1.56 1.54 1.60 1.54 1.59 1.54 1.51 1.49 1.49 1.50 1.51
Additional paid-in capital 13.79 12.29 12.81 13.22 12.89 13.00 13.70 14.25 14.73 14.53 14.22 14.65 13.75 14.03 13.49 13.14 12.63 11.86 11.83 11.81
Common stock held in treasury, at cost -58.40 -53.12 -54.70 -54.77 -52.37 -53.05 -56.26 -58.72 -61.78 -59.56 -56.96 -58.57 -55.31 -55.04 -52.71 -49.60 -47.25 -46.13 -45.32 -44.01
Accumulated other comprehensive loss -6.98 -5.73 -5.63 -5.04 -4.64 -5.99 -5.88 -6.17 -6.72 -5.79 -5.79 -5.91 -5.58 -5.47 -4.63 -4.40 -4.49 -4.97 -4.81 -5.01
Retained earnings 69.17 66.12 66.82 68.53 67.60 68.43 71.51 74.24 77.98 77.37 74.75 76.48 72.41 74.26 70.49 68.33 66.43 65.55 64.85 64.00
Total Honeywell shareowners’ equity 18.87% 20.74% 20.52% 23.22% 24.76% 23.68% 24.44% 25.07% 25.77% 28.11% 27.75% 28.25% 26.81% 29.37% 28.17% 28.99% 28.80% 27.80% 28.05% 28.30%
Noncontrolling interest 1.53 1.19 0.70 0.75 0.71 0.77 0.81 0.90 0.94 0.89 0.95 1.00 1.00 1.03 1.04 1.08 1.04 0.42 0.41 0.42
Total shareowners’ equity 20.40% 21.93% 21.23% 23.96% 25.47% 24.46% 25.26% 25.97% 26.71% 29.00% 28.71% 29.25% 27.81% 30.40% 29.22% 30.07% 29.85% 28.22% 28.47% 28.72%
Total liabilities, redeemable noncontrolling interest and shareowners’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The composition of liabilities and shareowners’ equity at the company exhibits several notable trends over the observed period from March 2021 to December 2025. Overall, total liabilities generally represent a significant portion of the company’s capital structure, consistently ranging between 70% and 80% of the total. Shareowners’ equity fluctuates between approximately 20% and 30% of the total.

Current Liabilities
Current liabilities as a percentage of the total remained relatively stable between approximately 28% and 32% from March 2021 through September 2023. A noticeable increase to 31.78% is observed in September 2023, followed by a decline to 30.13% in December 2023, and then a further decrease to 26.58% in June 2024. This suggests a potential shift in short-term financing strategies or improved working capital management during that period. A subsequent increase to 31.78% in September 2024 is observed.
Long-Term Debt
Long-term debt, excluding current maturities, demonstrated a decreasing trend from 25.37% in March 2021 to 20.06% in June 2022. However, it then increased to 26.92% in September 2022, and continued to rise, peaking at 38.47% in June 2025. This indicates an increasing reliance on long-term financing, potentially for investments or acquisitions. The increase is particularly pronounced in the latter half of the period.
Treasury Stock
Common stock held in treasury consistently represents a substantial negative percentage of total liabilities and equity, indicating significant share repurchase activity. The percentage increased in absolute value from -44.01% in March 2021 to -61.78% in September 2023, before decreasing to -58.40% in December 2025. This suggests the company has been actively reducing its share count, potentially to boost earnings per share or return capital to shareholders.
Retained Earnings
Retained earnings consistently represent the largest component of shareowners’ equity, ranging from approximately 64% to 78% of the total. A general upward trend is observed from 64.00% in March 2021 to 77.37% in September 2023, followed by a decline to 69.17% in December 2025. This reflects the company’s profitability and dividend policy.
Commercial Paper and Other Short-Term Borrowings
Commercial paper and other short-term borrowings fluctuated between approximately 3% and 8% of the total. A significant decrease is observed from 5.94% in March 2022 to 3.15% in September 2022, followed by a substantial increase to 8.00% in June 2025. This suggests a dynamic approach to short-term funding, potentially influenced by market conditions and liquidity needs.
Asbestos-Related Liabilities
Asbestos-related liabilities decreased from 2.95% in March 2021 to 1.59% in June 2025, indicating a potential reduction in associated risks or successful resolution of related claims.

In summary, the company’s capital structure has evolved over the period, with a notable increase in long-term debt and continued share repurchases. Current liabilities experienced fluctuations, while retained earnings remained the dominant component of equity. These changes suggest strategic shifts in financing and capital allocation.

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