Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Analysis of Revenues
- Analysis of Debt
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Honeywell International Inc., consolidated statement of comprehensive income
US$ in millions
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).
- Net Income
- Net income shows an overall increasing trend from 2020 to 2024, starting at 4865 million USD in 2020 and rising to 5740 million USD in 2024. There was a dip in 2022 to 4967 million USD, but the figure recovered and increased subsequently.
- Foreign Exchange Translation Adjustment
- This item is volatile, with fluctuations shifting from negative in 2020 (-211 million USD) to positive in 2021 (302 million USD), then back to negative values in 2022 and 2023, before moving positive again in 2024 (200 million USD). Such variability suggests significant foreign currency impacts on the results.
- Actuarial Gains (Losses) Recognized
- Actuarial gains/losses show fluctuations, beginning with gains in 2020 (91 million USD) and 2021 (256 million USD), followed by substantial losses in 2022 and 2023 (-452 million and -468 million USD respectively), and returning to gains in 2024 (350 million USD). This indicates volatility in pension and other actuarial assumptions or experience.
- Prior Service Credit Recognized and During Year
- The prior service credit recognized is minimal and inconsistent, with some missing data from 2022 to 2023 and a negative value in 2024 (-10 million USD). The prior service credit recognized during the year consistently reflects negative amounts, decreasing in absolute terms from -82 million USD in 2020 to -17 million USD in 2024, indicating a diminishing impact from prior service credits over time.
- Actuarial (Gains) Losses Recognized During Year
- These values indicate a sharp rise in losses in 2022 (454 million USD), which is markedly higher than in other years, while 2020 and 2021 show relatively low amounts. The amounts reduce again in 2023 and 2024, showing some normalization or stabilization of actuarial impacts.
- Foreign Exchange Translation and Other
- This item demonstrates inconsistency with negative values in 2020 and 2022, near zero values in 2021, 2023, and 2024. This pattern suggests intermittent impacts from foreign exchange and other related adjustments.
- Pensions and Other Postretirement Benefit Adjustments
- There is a shift from positive adjustments in 2020 and 2021 (74 million and 186 million USD respectively) to substantial negative adjustments in 2022 and 2023 (-233 million and -407 million USD), followed by a strong positive adjustment in 2024 (413 million USD). This showcases significant volatility in pension-related expenses or gains.
- Changes in Fair Value of Available for Sale Investments
- These changes are generally small and negative from 2020 to 2022 (-8 to -3 million USD), improving to small positive values in 2023 and 2024 (5 and 1 million USD), indicating slight improving trends in investment valuation.
- Cash Flow Hedges Recognized in Other Comprehensive Income
- This item shows growth from 10 million USD in 2020 to a peak in 2022 (71 million USD), with decreases in the following years down to 17 million USD by 2024. This may indicate fluctuating hedge activities or market conditions affecting hedging effectiveness.
- Reclassification Adjustment for (Gains) Losses Included in Net Income
- Consistently negative, this adjustment decreases in magnitude from -54 million USD in 2020 to -16 million USD in 2024, suggesting a declining reclassification impact on net income over the period.
- Changes in Fair Value of Cash Flow Hedges
- This amount is negative in 2020 and 2021 (-44 million and -3 million USD), turning positive from 2022 to 2024, though at very low levels (1 million USD in 2024). This indicates a shift in hedge valuation effects over time.
- Other Comprehensive Income (Loss), Net of Tax
- The item fluctuates significantly between positive and negative values. After a small negative amount in 2020 (-177 million USD), it rises strongly to 482 million USD in 2021, then turns markedly negative in 2022 and 2023 (-598 million and -665 million USD), and sharply positive again in 2024 (615 million USD). This volatility reflects combined influences of foreign exchange, actuarial gains/losses, pensions, and other comprehensive income components.
- Comprehensive Income
- Comprehensive income mirrors net income trends but shows more volatility due to other comprehensive income factors. It increased from 4688 million USD in 2020 to 6355 million USD in 2024, with a notable dip in 2022 (4369 million USD) and a partial recovery in 2023 (5007 million USD).
- Comprehensive (Income) Loss Attributable to Noncontrolling Interest
- Values are relatively small and mostly negative from 2020 to 2024, with a slight positive value in 2022 (17 million USD), indicating minimal but fluctuating noncontrolling interests' contribution to comprehensive income.
- Comprehensive Income Attributable to Honeywell
- This closely follows overall comprehensive income and ranges from 4599 million USD in 2020 to 6349 million USD in 2024, showing growth with some fluctuations, particularly a dip in 2022 and recovery thereafter, highlighting the core earnings attributable to the company shareholders after considering all comprehensive income.