Honeywell International Inc

Company facts

Industry

Aircraft Engines & Engine Parts

Headquarters

Charlotte, North Carolina

Most recent report

10-Q, filed Oct 22, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 773840

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 2 positive, 20 notable, and 2 negative flags.

• Part I

  Major restructuring: Aerospace spin-off, Quantinuum deconsolidation, debt tender, segment realignment. Core financials transformed.
  Positive

  • Gain on deconsolidation of Quantinuum was $6,629 million in Q2 2026, boosting net income.
  Notable

  • Aerospace Spin-Off completed June 29, 2026: $21.9B assets and $24.9B liabilities transferred out.
  • Supply chain financing programs: $433M in accounts payable at Sep 2026, down from $620M at Dec 2025.
  • Trademark license agreement with Honeywell Aerospace: $1.125B over ~5 years, $18.75M monthly payments.
  • Debt tender offers and redemptions of $7.5B and $4.0B in Q1 2026; $241M loss on debt extinguishment.
  • SEC investigation ongoing into financial reporting at former Performance Materials and Technologies segment.

• Management's Discussion (Item 2)

  Major spin-off, acquisitions, divestitures, and debt restructuring reshape the company.
  Positive

  • Gross margin up 440 bps to 40.4% in Q3 2026 vs 36.0% in Q3 2025.
  Notable

  • Quantinuum IPO completed June 4, 2026; Honeywell retains 48% stake, accounted for as equity method.
  • Aerospace Spin-Off completed June 29, 2026; Honeywell now has three segments.
  • Acquired Johnson Matthey's Catalyst Technologies for $1,743M net of cash on July 17, 2026.
  • One-for-two reverse stock split effective June 29, 2026; authorized shares reduced to 1 billion.
  • Gain on deconsolidation of Quantinuum of $6,629M recognized in YTD 2026.
  • Gain on sale of WWS and PSS businesses of approximately $0.4B in YTD 2026.
  • Backlog increased 1% to $18.8B as of September 30, 2026.
  • Building Automation segment sales up 8% in Q3 2026, with 8% organic growth; segment profit up 9%.
  • Process Automation and Technology segment sales up 16% in Q3 2026, with 8% organic growth and 8% from acquisitions.
  • Industrial Automation segment sales fell 23% in Q3 2026 due to divestitures; organic sales grew 4%.
  • Net cash from operations fell to $743M from $5,204M, largely due to discontinued ops and Resideo payment.
  • Repurchased $1.0B of common stock in nine months ended September 30, 2026.
  • Divested WWS and PSS businesses on July 27 and Aug 3, 2026 for $1,527M net of cash.
  • Credit ratings: S&P and Fitch outlook negative/stable; all long-term ratings at A/A2.

• Risk Factors (Item 1A)

  New risk from Aerospace Spin-Off integration and indemnification exposure.
  Notable

  • New risk factor added post-Aerospace Spin-Off on June 29, 2026, covering integration and divestiture indemnification.
  Negative

  • Company may be exposed to liabilities from divestitures if indemnities from counterparties are insufficient.
  • Third parties could hold Honeywell liable for liabilities that a counterparty agreed to assume, even if temporary.

What changed: Sep 2026 vs. Jun 2026

About 14% of HON's Sep 2026 10-Q is new information. 72 paragraphs were added, 189 changed, and 139 removed. Below are the most important lines SECSift identified.

• Item 2 83
• Part I 76
• Item 1A 2
• Item 3 1
• Item 5 1
• Item 6 1