Stock Analysis on Net

Honeywell International Inc. (NASDAQ:HON)

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.

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

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 6,849 6,329 6,484 5,750 5,730
Commercial paper and other short-term borrowings 2,085 2,717 3,542 3,597 3,516
Current maturities of long-term debt 1,796 1,730 1,803 2,445 1,376
Customer advances and deferred income 3,499 3,555 3,163 2,932 2,490
Compensation, benefit and other employee related 1,322 1,218 1,273 1,244 1,551
Repositioning 279 309 411 601 640
Asbestos-related liabilities 154 110 261 300 361
Income taxes 680 549 393 307 253
Other taxes 176 174 269 281 239
Environmental costs 227 222 225 225 222
Current operating lease liabilities 196 192 185 187 171
Product warranties and performance guarantees 182 175 180 183 213
Insurance 69 68 101 140 143
Accrued interest 217 122 100 102 91
NARCO Buyout accrual 1,325
Other, primarily operating expenses 808 1,143 1,118 903 1,102
Accrued liabilities 7,809 9,162 7,679 7,405 7,476
Current liabilities 18,539 19,938 19,508 19,197 18,098
Long-term debt, excluding current maturities 16,562 15,123 14,254 16,342 11,110
Deferred income taxes 2,094 2,093 2,364 2,113 1,670
Postretirement benefit obligations other than pensions 134 146 208 242 326
Asbestos-related liabilities 1,490 1,180 1,800 1,920 1,996
Income taxes 1,742 1,939 2,152 2,009 2,115
Pension and other employee related 1,342 1,306 1,672 1,923 1,873
Deferred income 1,171 1,334 1,324 1,356 1,310
Non-current operating lease liabilities 897 775 847 641 534
Environmental costs 414 393 393 435 487
Insurance 248 289 299 280 247
Product warranties and performance guarantees 37 38 43 60 56
Asset retirement obligations 17 24 26 31 61
Other 397 371 331 240 83
Other liabilities 6,265 6,469 7,087 6,975 6,766
Non-current liabilities 26,545 25,011 25,713 27,592 21,868
Total liabilities 45,084 44,949 45,221 46,789 39,966
Redeemable noncontrolling interest 7 7 7 7 7
Common stock issued 958 958 958 958 958
Additional paid-in capital 9,062 8,564 8,141 7,292 6,876
Common stock held in treasury, at cost (38,008) (34,443) (30,462) (27,229) (23,836)
Accumulated other comprehensive loss (4,135) (3,475) (2,895) (3,377) (3,197)
Retained earnings 47,979 45,093 42,827 39,905 37,693
Total Honeywell shareowners’ equity 15,856 16,697 18,569 17,549 18,494
Noncontrolling interest 578 622 673 241 212
Total shareowners’ equity 16,434 17,319 19,242 17,790 18,706
Total liabilities, redeemable noncontrolling interest and shareowners’ equity 61,525 62,275 64,470 64,586 58,679

Based on: 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), 10-K (reporting date: 2019-12-31).

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. current liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Honeywell International Inc. non-current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 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. total liabilities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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 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. total Honeywell shareowners’ equity decreased from 2021 to 2022 and from 2022 to 2023.