Stock Analysis on Net
Stock Analysis on Net
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Honeywell International Inc. (NYSE:HON)

Balance Sheet: Liabilities and Stockholders’ Equity

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

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

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Accounts payable 5,730  5,607  6,584  5,690  5,580 
Commercial paper and other short-term borrowings 3,516  3,586  3,958  3,366  5,937 
Current maturities of long-term debt 1,376  2,872  1,351  227  577 
Customer advances and deferred income 2,490  2,403  2,198  2,151  1,863 
Compensation, benefit and other employee related 1,551  1,469  1,420  1,489  1,460 
Repositioning 640  566  508  322  335 
Asbestos related liabilities 361  245  350  546  292 
Income taxes 253  166  134  430  201 
Other taxes 239  234  277  290  266 
Environmental costs 222  175  226  252  253 
Product warranties and performance guarantees 213  243  307  351  355 
Current operating lease liabilities 171  —  —  —  — 
Insurance 143  170  199  172  205 
Accrued interest 91  94  94  97  97 
Other (primarily operating expenses) 1,102  1,094  1,255  948  950 
Accrued liabilities 7,476  6,859  6,968  7,048  6,277 
Current liabilities 18,098  18,924  18,861  16,331  18,371 
Long-term debt, excluding current maturities 11,110  9,756  12,573  12,182  5,554 
Deferred income taxes 1,670  1,713  2,894  486  558 
Postretirement benefit obligations other than pensions 326  344  512  473  526 
Asbestos related liabilities 1,996  2,269  1,173  1,014  1,251 
Income taxes 2,115  2,236  2,898  1,041  1,009 
Pension and other employee related 1,873  1,795  1,986  2,084  2,461 
Deferred income 1,310  1,264  76  81  99 
Non-current operating lease liabilities 534  —  —  —  — 
Environmental 487  580  369  259  265 
Insurance 247  236  233  253  257 
Asset retirement obligations 61  74  82  63  65 
Product warranties and performance guarantees 56  67  101  136  — 
Other 83  150  185  193  192 
Other liabilities 6,766  6,402  5,930  4,110  4,348 
Non-current liabilities 21,868  20,484  23,082  18,265  12,237 
Total liabilities 39,966  39,408  41,943  34,596  30,608 
Redeemable noncontrolling interest 290 
Common stock issued 958  958  958  958  958 
Additional paid-in capital 6,876  6,452  6,212  5,781  5,377 
Common stock held in treasury, at cost (23,836) (19,771) (15,914) (13,366) (11,664)
Accumulated other comprehensive loss (3,197) (3,437) (2,235) (2,714) (2,535)
Retained earnings 37,693  33,978  28,255  28,710  26,147 
Total Honeywell shareowners’ equity 18,494  18,180  17,276  19,369  18,283 
Noncontrolling interest 212  178  163  178  135 
Total shareowners’ equity 18,706  18,358  17,439  19,547  18,418 
Total liabilities, redeemable noncontrolling interest and shareowners’ equity 58,679  57,773  59,387  54,146  49,316 

Based on: 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-09), 10-K (filing date: 2017-02-10), 10-K (filing date: 2016-02-12).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Honeywell International Inc.’s current liabilities increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Honeywell International Inc.’s non-current liabilities decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Honeywell International Inc.’s total liabilities decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.
Total Honeywell shareowners’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Honeywell International Inc.’s total Honeywell shareowners’ equity increased from 2017 to 2018 and from 2018 to 2019.