Honeywell International (HON) 10-K risk factor changes: FY2024 vs FY2023

For the fiscal year ended December 31, [removed: 2023][added: 2024]

[removed: ][added: ]

| [removed: 0.000%] [added: 3.375%] Senior Notes due [removed: 2024] [added: 2030] | | | | | | HON [removed: 24A] [added: 30] | | | | | | The Nasdaq Stock Market LLC | | |

The aggregate market value of the common stock held by non-affiliates of the Registrant was approximately [removed: $137.8] [added: $138.7] billion at June 30, [removed: 2023.][added: 2024.]

There were [removed: 652,181,812] [added: 649,918,551] shares of Common Stock outstanding at January [removed: 26, 2024.][added: 24, 2025.]

See [removed: Form] [added: [Form] 10-K Cross-Reference [removed: Index] [added: Index](#iee3c62a35f1d4be7883283b8e2976aec_343)] for a cross-reference to the traditional SEC Form 10-K format.

| [removed: [1](#id8648796b37f4ae0989dd5999567488c_19)] [added: [1](#iee3c62a35f1d4be7883283b8e2976aec_19)] | | | [Cautionary Statement about Forward-Looking [removed: Statements](#id8648796b37f4ae0989dd5999567488c_19)] [added: Statements](#iee3c62a35f1d4be7883283b8e2976aec_19)] | | |

| [removed: [2](#id8648796b37f4ae0989dd5999567488c_25)] [added: [2](#iee3c62a35f1d4be7883283b8e2976aec_25)] | | | [About [removed: Honeywell](#id8648796b37f4ae0989dd5999567488c_25)] [added: Honeywell](#iee3c62a35f1d4be7883283b8e2976aec_25)] | | |

| [removed: [17](#id8648796b37f4ae0989dd5999567488c_67)] [added: [15](#iee3c62a35f1d4be7883283b8e2976aec_70)] | | | [Management’s Discussion and Analysis of Financial Condition and Results of [removed: Operations](#id8648796b37f4ae0989dd5999567488c_67)] [added: Operations](#iee3c62a35f1d4be7883283b8e2976aec_70)] | | |

| [removed: [25](#id8648796b37f4ae0989dd5999567488c_85)] [added: [22](#iee3c62a35f1d4be7883283b8e2976aec_91)] | | | [Review of Business [removed: Segments](#id8648796b37f4ae0989dd5999567488c_85)] [added: Segments](#iee3c62a35f1d4be7883283b8e2976aec_91)] | | |

| [removed: [38](#id8648796b37f4ae0989dd5999567488c_130)] [added: [37](#iee3c62a35f1d4be7883283b8e2976aec_139)] | | | [Quantitative and Qualitative Disclosures about Market [removed: Risks](#id8648796b37f4ae0989dd5999567488c_130)] [added: Risks](#iee3c62a35f1d4be7883283b8e2976aec_139)] | | |

| [removed: [38](#id8648796b37f4ae0989dd5999567488c_133)] [added: [37](#iee3c62a35f1d4be7883283b8e2976aec_142)] | | | [Liquidity and Capital [removed: Resources](#id8648796b37f4ae0989dd5999567488c_133)] [added: Resources](#iee3c62a35f1d4be7883283b8e2976aec_142)] | | |

| [removed: [44](#id8648796b37f4ae0989dd5999567488c_136)] [added: [42](#iee3c62a35f1d4be7883283b8e2976aec_160)] | | | [Critical Accounting [removed: Estimates](#id8648796b37f4ae0989dd5999567488c_136)] [added: Estimates](#iee3c62a35f1d4be7883283b8e2976aec_160)] | | |

| [removed: [48](#id8648796b37f4ae0989dd5999567488c_145)] [added: [46](#iee3c62a35f1d4be7883283b8e2976aec_169)] | | | [Information about Our Executive [removed: Officers](#id8648796b37f4ae0989dd5999567488c_145)] [added: Officers](#iee3c62a35f1d4be7883283b8e2976aec_169)] | | |

| [removed: [49](#id8648796b37f4ae0989dd5999567488c_148)] [added: [47](#iee3c62a35f1d4be7883283b8e2976aec_172)] | | | [Unresolved Staff [removed: Comments](#id8648796b37f4ae0989dd5999567488c_148)] [added: Comments](#iee3c62a35f1d4be7883283b8e2976aec_172)] | | |

| [removed: [50](#id8648796b37f4ae0989dd5999567488c_157)] [added: [48](#iee3c62a35f1d4be7883283b8e2976aec_184)] | | | [Mine Safety [removed: Disclosures](#id8648796b37f4ae0989dd5999567488c_157)] [added: Disclosures](#iee3c62a35f1d4be7883283b8e2976aec_184)] | | |

| [removed: [51](#id8648796b37f4ae0989dd5999567488c_163)] [added: [49](#iee3c62a35f1d4be7883283b8e2976aec_190)] | | | [Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity [removed: Securities](#id8648796b37f4ae0989dd5999567488c_163)] [added: Securities](#iee3c62a35f1d4be7883283b8e2976aec_190)] | | |

| [removed: [53](#id8648796b37f4ae0989dd5999567488c_166)] [added: [51](#iee3c62a35f1d4be7883283b8e2976aec_193)] | | | [Financial Statements and Supplementary [removed: Data](#id8648796b37f4ae0989dd5999567488c_166)] [added: Data](#iee3c62a35f1d4be7883283b8e2976aec_193)] | | |

| [removed: [115](#id8648796b37f4ae0989dd5999567488c_274)] [added: [114](#iee3c62a35f1d4be7883283b8e2976aec_295)] | | | [Report of Independent Registered Public Accounting [removed: Firm](#id8648796b37f4ae0989dd5999567488c_274)] [added: Firm](#iee3c62a35f1d4be7883283b8e2976aec_295)] | | |

| [removed: [117](#id8648796b37f4ae0989dd5999567488c_277)] [added: [116](#iee3c62a35f1d4be7883283b8e2976aec_298)] | | | [Changes in and Disagreements with Accountants on Accounting and Financial [removed: Disclosure](#id8648796b37f4ae0989dd5999567488c_277)] [added: Disclosure](#iee3c62a35f1d4be7883283b8e2976aec_298)] | | |

| [removed: [117](#id8648796b37f4ae0989dd5999567488c_283)] [added: [116](#iee3c62a35f1d4be7883283b8e2976aec_304)] | | | [Management's Report on Internal Control over Financial [removed: Reporting](#id8648796b37f4ae0989dd5999567488c_283)] [added: Reporting](#iee3c62a35f1d4be7883283b8e2976aec_304)] | | |

| [removed: [118](#id8648796b37f4ae0989dd5999567488c_289)] [added: [117](#iee3c62a35f1d4be7883283b8e2976aec_313)] | | | [Disclosure Regarding Foreign Jurisdictions that Prevent [removed: Inspections](#id8648796b37f4ae0989dd5999567488c_289)] [added: Inspections](#iee3c62a35f1d4be7883283b8e2976aec_313)] | | |

| [removed: [118](#id8648796b37f4ae0989dd5999567488c_292)] [added: [117](#iee3c62a35f1d4be7883283b8e2976aec_316)] | | | [Directors, Executive Officers, and Corporate [removed: Governance](#id8648796b37f4ae0989dd5999567488c_292)] [added: Governance](#iee3c62a35f1d4be7883283b8e2976aec_316)] | | |

| [removed: [119](#id8648796b37f4ae0989dd5999567488c_298)] [added: [118](#iee3c62a35f1d4be7883283b8e2976aec_322)] | | | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#id8648796b37f4ae0989dd5999567488c_298)] [added: Matters](#iee3c62a35f1d4be7883283b8e2976aec_322)] | | |

| [removed: [120](#id8648796b37f4ae0989dd5999567488c_301)] [added: [119](#iee3c62a35f1d4be7883283b8e2976aec_325)] | | | [Certain Relationships and Related Transactions, and Director [removed: Independence](#id8648796b37f4ae0989dd5999567488c_301)] [added: Independence](#iee3c62a35f1d4be7883283b8e2976aec_325)] | | |

| [removed: [120](#id8648796b37f4ae0989dd5999567488c_304)] [added: [119](#iee3c62a35f1d4be7883283b8e2976aec_328)] | | | [Principal Accounting Fees and [removed: Services](#id8648796b37f4ae0989dd5999567488c_304)] [added: Services](#iee3c62a35f1d4be7883283b8e2976aec_328)] | | |

| [removed: [120](#id8648796b37f4ae0989dd5999567488c_307)] [added: [119](#iee3c62a35f1d4be7883283b8e2976aec_331)] | | | [Exhibits and Financial Statement [removed: Schedules](#id8648796b37f4ae0989dd5999567488c_307)] [added: Schedules](#iee3c62a35f1d4be7883283b8e2976aec_331)] | | |

| [removed: [127](#id8648796b37f4ae0989dd5999567488c_319)] [added: [126](#iee3c62a35f1d4be7883283b8e2976aec_343)] | | | [Form 10-K Cross-Reference [removed: Index](#id8648796b37f4ae0989dd5999567488c_319)] [added: Index](#iee3c62a35f1d4be7883283b8e2976aec_343)] | | |

| [TABLE OF [removed: CONTENTS](#id8648796b37f4ae0989dd5999567488c_16)] [added: CONTENTS](#iee3c62a35f1d4be7883283b8e2976aec_16)] | | | | | |

We describe many of the trends and other factors that drive our business and future results in the section titled [removed: Management’s] [added: [Management’s] Discussion and Analysis of Financial Condition and Results of [removed: Operations] [added: Operations](#iee3c62a35f1d4be7883283b8e2976aec_70)] and in other parts of this report (including under the section titled [removed: Risk Factors).][added: [Risk Factors](#iee3c62a35f1d4be7883283b8e2976aec_136)).]

Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the [removed: future.][added: future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company and the proposed separation of Automation and Aerospace.]

Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, [added: supply chain disruptions,] capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term.

These forward-looking statements should be considered in light of the information included in this Form 10-K, including, in particular, the factors discussed within the section titled [removed: Risk Factors.][added: [Risk Factors](#iee3c62a35f1d4be7883283b8e2976aec_136).]

Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any amendments to those reports, are available free of charge on our Investor Relations website (investor.honeywell.com) under the heading Financials (see SEC Filings) immediately after they are filed with, or furnished to, the [removed: Securities and Exchange Commission.][added: SEC.]

Honeywell uses our Investor Relations website, along with press releases on our primary Honeywell website (honeywell.com) under the heading [removed: News,] [added: News & Media,] as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD.

In addition, in this Form 10-K, the Company incorporates by reference certain information from its definitive Proxy Statement for the [removed: 2024] [added: 2025] Annual Meeting of Stockholders (the Proxy Statement), which we expect to file with the SEC [removed: on or about April 2,] [added: not later than 120 days after December 31,] 2024, and which will also be available free of charge on our website.

| [TABLE OF [removed: CONTENTS](#id8648796b37f4ae0989dd5999567488c_16)] [added: CONTENTS](#iee3c62a35f1d4be7883283b8e2976aec_16)] | | | ABOUT HONEYWELL | | |

Leveraging our Honeywell Accelerator operating model, we [removed: delivered strong performance in 2023,] [added: demonstrated our commitment to portfolio transformation, growth, and operational execution while] remaining focused on creating long-term [removed: shareholder] [added: shareowner] value.

During the year, we deployed [removed: $8.3] [added: $14.6] billion to capital expenditures, dividends, share repurchases, and mergers and acquisitions.

We opportunistically repurchased shares to maintain our commitment to reduce share count by at least 1% per [removed: year,] [added: year] and increased our dividend for the [removed: fourteenth] [added: fifteenth] time in the last [removed: thirteen] [added: fourteen] years.

| 3.750% Senior Notes due 2036 | | | | | | HON 36 | | | | | | The Nasdaq Stock Market LLC | | |

Certain information required by Part III is incorporated by reference from the Registrant's definitive proxy statement for the Annual Meeting of Shareowners, or an amendment to this Form 10-K, which the Registrant intends to file with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.

| [28](#iee3c62a35f1d4be7883283b8e2976aec_136) | | | [Risk Factors](#iee3c62a35f1d4be7883283b8e2976aec_136) | | |

| [45](#iee3c62a35f1d4be7883283b8e2976aec_163) | | | [Other Matters](#iee3c62a35f1d4be7883283b8e2976aec_163) | | |

| [47](#iee3c62a35f1d4be7883283b8e2976aec_175) | | | [Cybersecurity](#iee3c62a35f1d4be7883283b8e2976aec_175) | | |

| [48](#iee3c62a35f1d4be7883283b8e2976aec_178) | | | [Properties](#iee3c62a35f1d4be7883283b8e2976aec_178) | | |

| [48](#iee3c62a35f1d4be7883283b8e2976aec_181) | | | [Legal Proceedings](#iee3c62a35f1d4be7883283b8e2976aec_181) | | |

| [116](#iee3c62a35f1d4be7883283b8e2976aec_301) | | | [Controls and Procedures](#iee3c62a35f1d4be7883283b8e2976aec_301) | | |

| [117](#iee3c62a35f1d4be7883283b8e2976aec_307) | | | [Other Information](#iee3c62a35f1d4be7883283b8e2976aec_307) | | |

| [117](#iee3c62a35f1d4be7883283b8e2976aec_319) | | | [Executive Compensation](#iee3c62a35f1d4be7883283b8e2976aec_319) | | |

| [119](#iee3c62a35f1d4be7883283b8e2976aec_334) | | | [Form 10-K Summary](#iee3c62a35f1d4be7883283b8e2976aec_334) | | |

| [120](#iee3c62a35f1d4be7883283b8e2976aec_337) | | | [Exhibit Index](#iee3c62a35f1d4be7883283b8e2976aec_337) | | |

| [124](#iee3c62a35f1d4be7883283b8e2976aec_340) | | | [Signatures](#iee3c62a35f1d4be7883283b8e2976aec_340) | | |

Our business is aligned with three powerful megatrends – automation, the future of aviation, and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge Internet of Things (IoT) platform.

Our portfolio of solutions is uniquely positioned to blend physical products with software to serve customers worldwide.

As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions business segments that help make the world smarter and safer, as well as more secure and sustainable.

In 2024, we delivered sales growth of 5%, achieving sales of $38.5 billion, with increases in three of our four reportable business segments, led by double-digit growth in our Aerospace Technologies business segment.

In 2024, we continued our portfolio realignment to three powerful megatrends (automation, the future of aviation, and the energy transition), and deployed $9 billion of capital across four acquisitions: Carrier Global Corporation's Global Access Solutions business (Access Solutions), CAES Systems Holdings LLC (CAES), Air Products' liquefied natural gas process technology and equipment business (LNG), and Civitanavi Systems S.p.A.

We also committed to two strategic divestitures of non-core businesses announced in 2024, including the sale of our personal protection equipment (PPE) business and our intent to spin off our Advanced Materials business into an independent, U.S. publicly traded company.

Additionally, we announced in February 2025 our intent to pursue the separation of our Automation and Aerospace Technologies businesses into independent, U.S. publicly traded companies, forming three industry-leading public companies in Automation, Aerospace Technologies, and Advanced Materials.

Refer to the section titled [Management's Discussion and Analysis of Financial Condition and](#iee3c62a35f1d4be7883283b8e2976aec_70) [R](#iee3c62a35f1d4be7883283b8e2976aec_70)[esults of Operations](#iee3c62a35f1d4be7883283b8e2976aec_70) for further information.

Also in 2024, we announced Honeywell Connected Enterprise (HCE) 3.0, advancing our software strategy by integrating HCE into each strategic business group, while maintaining our robust software development expertise at the center.

We expect this strategy to deliver improved outcomes for our customers and drive sustained, accretive software growth across the portfolio.

We further progressed Accelerator, deploying best practices by business model consistently across the portfolio and scaling our capabilities across business models to drive growth.

We also leveraged Accelerator to support the integration of each of our acquisitions.

| | | | $38.5 BILLION | | | | | | | | | $35.3 BILLION | | | | | | | | | $6.1 BILLION | | | | | |

| [TABLE OF CONTENTS](#iee3c62a35f1d4be7883283b8e2976aec_16) | | | ABOUT HONEYWELL | | |

| [TABLE OF CONTENTS](#iee3c62a35f1d4be7883283b8e2976aec_16) | | | ABOUT HONEYWELL | | |

| 1 | | | | | | On February 6, 2025, the Company announced its intention to separate its Automation and Aerospace Technologies businesses into independent, U.S. publicly traded companies. | | | | | |

| $2,223 million | | | $7,144 million | | | $6,091 million | | |

| INDUSTRIAL AUTOMATION Industrial Automation is a global provider of industrial automation solutions that deliver intelligent, sustainable, and secure operations for customers in refining/petrochemicals, life sciences, utilities, and warehouse and logistics segments. With millions of installed assets, Industrial Automation deploys outcome-based solutions to increase asset utilization; improve operational efficiency and labor productivity; reduce carbon emissions with less energy consumption; and enhance cyber security for critical infrastructure and operational assets. Industrial Automation offerings include automation control and instrumentation products and services; smart energy products; sensing technologies with an array of custom-engineered sensors and services; gas detection technologies and personal protective equipment1; and system design, advanced automation equipment, software and analytics for manufacturing, distribution, and fulfillment operations. These products and services are combined with proprietary machine learning and artificial intelligence algorithms in products and projects which are digitally enabled through our industry leading industrial IoT platform, Honeywell Forge. | | | | | | | | |  | | |

| 1 | | | | | | On November 22, 2024, the Company announced it reached an agreement to sell its personal protective equipment business. | | | | | |

| $1,824 million | | | $1,202 million | | | $6,111 | | | $914 million | | |

| [TABLE OF CONTENTS](#iee3c62a35f1d4be7883283b8e2976aec_16) | | | ABOUT HONEYWELL | | |

| 2024 Full-year revenue by business unit | | | | | |

| $3,868 million | | | $2,672 million | | |

| ENERGY AND SUSTAINABILITY SOLUTIONS Energy and Sustainability Solutions is a leading global provider of industry leading technology, processing, and licensing capabilities combined with material science capabilities and innovative chemistry to offer focused solutions integral to facilitating the world's energy transition. The reportable business segment is comprised of UOP and Advanced Materials1 business units. The UOP business provides sustainable aviation fuels, petrochemical, refining, and natural gas liquefaction technologies, and carbon management solutions across multiple sectors through process technology solutions, products, including catalysts and adsorbents, equipment and aftermarket services. The Advanced Materials business provides customers with its Solstice lower global warming potential refrigeration and heating solutions, Spectra fibers for high end protective armor and medical applications, and leading-edge semiconductor materials. Our Honeywell Forge solutions serve customer asset productivity and efficiency needs by providing connectivity, data integration, and software solutions to generate a holistic view of their operations. | | | | | | | | |  | | |

| 1 | | | | | | On October 8, 2024, the Company announced its intention to spin off its Advanced Materials business into an independent, U.S. publicly traded company. | | | | | |

| 2024 Full-year revenue by business unit | | | | | |

| $2,644 million | | | $3,781 million | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

Part III: Proxy Statement for Annual Meeting of Shareowners to be held May 14, 2024

| | | | | | |

| --- | --- | --- | --- | --- | --- |

| [30](#id8648796b37f4ae0989dd5999567488c_127) | | | [Risk Factors](#id8648796b37f4ae0989dd5999567488c_127) | | |

| [47](#id8648796b37f4ae0989dd5999567488c_139) | | | [Other Matters](#id8648796b37f4ae0989dd5999567488c_139) | | |

| [49](#id8648796b37f4ae0989dd5999567488c_2665) | | | [Cybersecurity](#id8648796b37f4ae0989dd5999567488c_2665) | | |

| [50](#id8648796b37f4ae0989dd5999567488c_151) | | | [Properties](#id8648796b37f4ae0989dd5999567488c_151) | | |

| [50](#id8648796b37f4ae0989dd5999567488c_154) | | | [Legal Proceedings](#id8648796b37f4ae0989dd5999567488c_154) | | |

| [117](#id8648796b37f4ae0989dd5999567488c_280) | | | [Controls and Procedures](#id8648796b37f4ae0989dd5999567488c_280) | | |

| [118](#id8648796b37f4ae0989dd5999567488c_286) | | | [Other Information](#id8648796b37f4ae0989dd5999567488c_286) | | |

| [118](#id8648796b37f4ae0989dd5999567488c_295) | | | [Executive Compensation](#id8648796b37f4ae0989dd5999567488c_295) | | |

| [120](#id8648796b37f4ae0989dd5999567488c_310) | | | [Form 10-K Summary](#id8648796b37f4ae0989dd5999567488c_310) | | |

| [121](#id8648796b37f4ae0989dd5999567488c_313) | | | [Exhibit Index](#id8648796b37f4ae0989dd5999567488c_313) | | |

| [125](#id8648796b37f4ae0989dd5999567488c_316) | | | [Signatures](#id8648796b37f4ae0989dd5999567488c_316) | | |

Our portfolio of solutions is uniquely positioned to blend physical products with software to serve customers worldwide with aerospace products and services, energy efficient products and solutions for businesses, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and productivity, sensing, safety, and security technologies for buildings and industries.

In 2023, we delivered sales growth of 3%, to $36.7 billion, led by strong demand in our Commercial Aviation, Defense and Space, and Process Solutions businesses, and sales growth in three of our four reportable business segments.

In 2023, we announced the next phase of Accelerator, version 3.0 of Honeywell's robust operating system, taking an important step toward standardizing our organization end-to-end across our four main business models - products, aftermarket services, projects, and software - and facilitating knowledge transfer of best practices to drive incremental growth, margin expansion, and cash generation.

We are completing the buildout of our full suite of information technology (IT) platforms covering all different aspects of the value chain, and implementing digital threads to provide valuable data that will improve our business performance.

Over the last six years, the efforts of the “Great Integration” of Honeywell transformed the organization into an integrated operating company, deploying world-class capabilities and multiple growth enablers that benefit each strategic business group.

We are focused on aligning our businesses with three distinct megatrends (automation, future of aviation, and energy transition), all underpinned by digitization.

Our mergers and acquisition activities focused on key acquisitions to align with our megatrends.

We announced three acquisitions - our acquisitions of Compressor Controls Corporation and SCADAfence, as well as our agreement to acquire Carrier Global Corporation’s Global Access Solutions business.

| | | | $36.7 BILLION | | | | | | | | | $31.8 BILLION | | | | | | | | | $5.3 BILLION | | | | | |

| $2,397 million | | | $6,241 million | | | $4,986 million | | |

| $3,583 million | | | $2,448 million | | |

| PERFORMANCE MATERIALS AND TECHNOLOGIES Performance Materials and Technologies is a leading global provider in developing and manufacturing high-quality performance chemicals and materials, process technologies, and automation solutions. The reportable business segment is comprised of Process Solutions, UOP, and Advanced Materials. Process Solutions provides automation control, instrumentation, advanced software, and related services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, life sciences, and metals, minerals, and mining industries. Our smart energy products enable utilities and distribution companies to deploy advanced capabilities to improve operations, reliability, and environmental sustainability. UOP provides process technology, products, including catalysts and adsorbents, equipment, and consulting services that enable customers to efficiently produce gasoline, diesel, jet fuel, petrochemicals, and renewable fuels for the petroleum refining, gas processing, petrochemical, and other industries. Advanced Materials manufactures a wide variety of high-performance products, including materials used to manufacture end products such as bullet-resistant armor, nylon, computer chips, and pharmaceutical packaging, and provides reduced and low global warming potential materials based on hydrofluoro-olefin technology. In the industrial environment, our Honeywell Forge solutions enable integration and connectivity to provide a holistic view of operations and turn data into clear actions to maximize productivity and efficiency. Our Honeywell Forge's cybersecurity capabilities help identify risks and act on cyber-related incidents, together enabling improved operations and protecting processes, people, and assets. | | |  | | |

| $2,586 million | | | $5,267 million | | | $3,653 million | | |

| SAFETY AND PRODUCTIVITY SOLUTIONS Safety and Productivity Solutions is a leading global provider of products and software that improve productivity, workplace safety, and asset performance to customers around the globe. Sensing and Safety Technologies products include personal protective equipment (PPE), apparel, gear, and footwear; gas detection technology; custom-engineered sensors, switches, and controls for sensing and productivity solutions; and cloud-based notification and emergency messaging. Productivity Solutions and Services products and services include mobile devices and software for computing, data collection, and thermal printing; and software-based data and asset management productivity solutions. Warehouse and Workflow Solutions products and services include system design and simulation, automation solutions, performance optimization software, and lifecycle services to enable accuracy, productivity, and predictability of warehouse operations. Our Honeywell Forge solutions digitally automate processes to improve efficiency while reducing downtime and safety costs. | | |  | | |

| $2,733 million | | | $1,313 million | | | $1,443 million | | |

| PERFORMANCE MATERIALS AND TECHNOLOGIES | | | | | | SAFETY AND PRODUCTIVITY SOLUTIONS | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

ESG OFFERINGS

We are innovating to solve the world’s toughest environmental, social, and governance (ESG) challenges.

- Honeywell Delivers Solutions For Pathways For Emissions Reductions.

Our measurement and reporting technology integrates seamlessly with Software-as-a-Service (SaaS) technology, such as Honeywell Forge Sustainability+ for Industrials | Emissions Management, for near real-time emissions reporting as a consolidated system of record.

- Honeywell Helps Define Pathways To Net Zero.

We can deliver solutions to help drive the energy transition and decarbonization.

We have unique expertise in essential technologies needed to help on the journey to create a net-zero economy, including refrigerants, renewable diesel and aviation fuels, hydrogen production, and carbon capture, utilization, and storage.

- Honeywell Sets The Pace For A More Electric Future. We provide ready-now solutions for more-electric aircraft, electric vehicles, and advanced energy storage systems, including a broad array of sensors for use in battery management systems, electric drive control, energy storage systems, and battery safety applications.