Honeywell International Inc. (HON)

Honeywell International Inc., FCFF calculation

USD $ in millions

	12 months ended	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	Net income attributable to Honeywell
	Net income attributable to the noncontrolling interest
	Net noncash charges
	Changes in assets and liabilities, net of the effects of acquisitions and divestitures
	Net cash provided by operating activities
	Interest paid, net of amounts capitalized, net of tax1
	Expenditures for property, plant and equipment
	Proceeds from disposals of property, plant and equipment
	Free cash flow to the firm (FCFF)

Based on: 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), 10-K (filing date: 2015-02-13).

Honeywell International Inc., interest paid, net of tax calculation

USD $ in millions

	12 months ended	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	Effective Income Tax Rate (EITR)
	EITR1
	Interest Paid, Net of Tax
	Interest paid, net of amounts capitalized, before tax
	Less: Interest paid, net of amounts capitalized, tax2
	Interest paid, net of amounts capitalized, net of tax

Based on: 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), 10-K (filing date: 2015-02-13).

Honeywell International Inc., current EV/FCFF calculation, comparison to benchmarks

Selected Financial Data (USD $ in millions)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
3M Co.
Danaher Corp.
General Electric Co.
EV/FCFF, Sector
General Industrials
EV/FCFF, Industry
Industrials

Based on: 10-K (filing date: 2019-02-08).

If company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.

Otherwise, if company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.

Honeywell International Inc., historical EV/FCFF calculation, comparison to benchmarks

		Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
	Selected Financial Data (USD $ in millions)
	Enterprise value (EV)1
	Free cash flow to the firm (FCFF)2
	Ratio
	EV/FCFF3
	Benchmarks
	EV/FCFF, Competitors4
	3M Co.
	Danaher Corp.
	General Electric Co.
	EV/FCFF, Sector
	General Industrials
	EV/FCFF, Industry
	Industrials

Based on: 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), 10-K (filing date: 2015-02-13).