Context:
Financial Statements:
| Column 1                                                                      | Column 2              | Column 3   | Column 4          | Column 5   | Column 6   | Column 7   | Column 8   |
|:------------------------------------------------------------------------------|:----------------------|:-----------|:------------------|:-----------|:-----------|:-----------|:-----------|
|                                                                               |                       |            |                   |            |            |            |            |
|                                                                               |                       |            |                   |            |            |            |            |
|                                                                               | March 31, 2020        |            | December 31, 2019 |            |            |            |            |
|                                                                               | (Dollars in millions) |            |                   |            |            |            |            |
| ASSETS                                                                        |                       |            |                   |            |            |            |            |
| Current assets:                                                               |                       |            |                   |            |            |            |            |
| Cash and cash equivalents                                                     | $                     | 7,721      |                   |            | $          | 9,067      |            |
| Short-term investments                                                        | 1,070                 |            |                   | 1,349      |            |            |            |
| Accounts receivable - net                                                     | 7,452                 |            |                   | 7,493      |            |            |            |
| Inventories                                                                   | 4,584                 |            |                   | 4,421      |            |            |            |
| Other current assets                                                          | 1,786                 |            |                   | 1,973      |            |            |            |
| Total current assets                                                          | 22,613                |            |                   | 24,303     |            |            |            |
| Investments and long-term receivables                                         | 613                   |            |                   | 588        |            |            |            |
| Property, plant and equipment - net                                           | 5,214                 |            |                   | 5,325      |            |            |            |
| Goodwill                                                                      | 15,282                |            |                   | 15,563     |            |            |            |
| Other intangible assets - net                                                 | 3,580                 |            |                   | 3,734      |            |            |            |
| Insurance recoveries for asbestos related liabilities                         | 383                   |            |                   | 392        |            |            |            |
| Deferred income taxes                                                         | 71                    |            |                   | 86         |            |            |            |
| Other assets                                                                  | 9,666                 |            |                   | 8,688      |            |            |            |
| Total assets                                                                  | $                     | 57,422     |                   |            | $          | 58,679     |            |
| LIABILITIES                                                                   |                       |            |                   |            |            |            |            |
| Current liabilities:                                                          |                       |            |                   |            |            |            |            |
| Accounts payable                                                              | $                     | 5,676      |                   |            | $          | 5,730      |            |
| Commercial paper and other short-term borrowings                              | 3,528                 |            |                   | 3,516      |            |            |            |
| Current maturities of long-term debt                                          | 1,042                 |            |                   | 1,376      |            |            |            |
| Accrued liabilities                                                           | 7,131                 |            |                   | 7,476      |            |            |            |
| Total current liabilities                                                     | 17,377                |            |                   | 18,098     |            |            |            |
| Long-term debt                                                                | 11,542                |            |                   | 11,110     |            |            |            |
| Deferred income taxes                                                         | 1,670                 |            |                   | 1,670      |            |            |            |
| Postretirement benefit obligations other than pensions                        | 314                   |            |                   | 326        |            |            |            |
| Asbestos related liabilities                                                  | 1,948                 |            |                   | 1,996      |            |            |            |
| Other liabilities                                                             | 6,699                 |            |                   | 6,766      |            |            |            |
| Redeemable noncontrolling interest                                            | 7                     |            |                   | 7          |            |            |            |
| SHAREOWNERS’ EQUITY                                                           |                       |            |                   |            |            |            |            |
| Capital - common stock issued                                                 | 958                   |            |                   | 958        |            |            |            |
| - additional paid-in capital                                                  | 7,047                 |            |                   | 6,876      |            |            |            |
| Common stock held in treasury, at cost                                        | (25,643               | )          |                   | (23,836    | )          |            |            |
| Accumulated other comprehensive loss                                          | (3,353                | )          |                   | (3,197     | )          |            |            |
| Retained earnings                                                             | 38,635                |            |                   | 37,693     |            |            |            |
| Total Honeywell shareowners’ equity                                           | 17,644                |            |                   | 18,494     |            |            |            |
| Noncontrolling interest                                                       | 221                   |            |                   | 212        |            |            |            |
| Total shareowners’ equity                                                     | 17,865                |            |                   | 18,706     |            |            |            |
| Total liabilities, redeemable noncontrolling interest and shareowners’ equity | $                     | 57,422     |                   |            | $          | 58,679     |            |

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| Column 1                                                                                                    | Column 2                     | Column 3   | Column 4   | Column 5   | Column 6   | Column 7   | Column 8   |
|:------------------------------------------------------------------------------------------------------------|:-----------------------------|:-----------|:-----------|:-----------|:-----------|:-----------|:-----------|
|                                                                                                             |                              |            |            |            |            |            |            |
|                                                                                                             |                              |            |            |            |            |            |            |
|                                                                                                             | Three Months Ended March 31, |            |            |            |            |            |            |
|                                                                                                             | 2020                         |            | 2019       |            |            |            |            |
|                                                                                                             | (Dollars in millions)        |            |            |            |            |            |            |
| Cash flows from operating activities:                                                                       |                              |            |            |            |            |            |            |
| Net income                                                                                                  | $                            | 1,606      |            |            | $          | 1,436      |            |
| Less: Net income attributable to the noncontrolling interest                                                | 25                           |            |            | 20         |            |            |            |
| Net income attributable to Honeywell                                                                        | 1,581                        |            |            | 1,416      |            |            |            |
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: |                              |            |            |            |            |            |            |
| Depreciation                                                                                                | 153                          |            |            | 163        |            |            |            |
| Amortization                                                                                                | 90                           |            |            | 98         |            |            |            |
| Repositioning and other charges                                                                             | 62                           |            |            | 84         |            |            |            |
| Net payments for repositioning and other charges                                                            | (111                         | )          |            | (34        | )          |            |            |
| Pension and other postretirement income                                                                     | (212                         | )          |            | (163       | )          |            |            |
| Pension and other postretirement benefit payments                                                           | (14                          | )          |            | (30        | )          |            |            |
| Stock compensation expense                                                                                  | 44                           |            |            | 41         |            |            |            |
| Deferred income taxes                                                                                       | (58                          | )          |            | 80         |            |            |            |
| Other                                                                                                       | (179                         | )          |            | (4         | )          |            |            |
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures:                     |                              |            |            |            |            |            |            |
| Accounts receivable                                                                                         | 41                           |            |            | 198        |            |            |            |
| Inventories                                                                                                 | (163                         | )          |            | (221       | )          |            |            |
| Other current assets                                                                                        | 166                          |            |            | (217       | )          |            |            |
| Accounts payable                                                                                            | (54                          | )          |            | (29        | )          |            |            |
| Accrued liabilities                                                                                         | (407                         | )          |            | (248       | )          |            |            |
| Net cash provided by (used for) operating activities                                                        | 939                          |            |            | 1,134      |            |            |            |
| Cash flows from investing activities:                                                                       |                              |            |            |            |            |            |            |
| Expenditures for property, plant and equipment                                                              | (139                         | )          |            | (141       | )          |            |            |
| Proceeds from disposals of property, plant and equipment                                                    | 7                            |            |            | 2          |            |            |            |
| Increase in investments                                                                                     | (648                         | )          |            | (1,226     | )          |            |            |
| Decrease in investments                                                                                     | 843                          |            |            | 796        |            |            |            |
| Receipts (payments) from settlements of derivative contracts                                                | 287                          |            |            | (40        | )          |            |            |
| Net cash provided by (used for) investing activities                                                        | 350                          |            |            | (609       | )          |            |            |
| Cash flows from financing activities:                                                                       |                              |            |            |            |            |            |            |
| Proceeds from issuance of commercial paper and other short-term borrowings                                  | 3,455                        |            |            | 3,318      |            |            |            |
| Payments of commercial paper and other short-term borrowings                                                | (3,373                       | )          |            | (3,319     | )          |            |            |
| Proceeds from issuance of common stock                                                                      | 66                           |            |            | 145        |            |            |            |
| Proceeds from issuance of long-term debt                                                                    | 1,127                        |            |            | 20         |            |            |            |
| Payments of long-term debt                                                                                  | (1,125                       | )          |            | (13        | )          |            |            |
| Repurchases of common stock                                                                                 | (1,923                       | )          |            | (750       | )          |            |            |
| Cash dividends paid                                                                                         | (635                         | )          |            | (606       | )          |            |            |
| Other                                                                                                       | (38                          | )          |            | (30        | )          |            |            |
| Net cash provided by (used for) financing activities                                                        | (2,446                       | )          |            | (1,235     | )          |            |            |
| Effect of foreign exchange rate changes on cash and cash equivalents                                        | (189                         | )          |            | 48         |            |            |            |
| Net increase (decrease) in cash and cash equivalents                                                        | (1,346                       | )          |            | (662       | )          |            |            |
| Cash and cash equivalents at beginning of period                                                            | 9,067                        |            |            | 9,287      |            |            |            |
| Cash and cash equivalents at end of period                                                                  | $                            | 7,721      |            |            | $          | 8,625      |            |

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| Column 1                                                     | Column 2                                        | Column 3   | Column 4   | Column 5   | Column 6   | Column 7   | Column 8   |
|:-------------------------------------------------------------|:------------------------------------------------|:-----------|:-----------|:-----------|:-----------|:-----------|:-----------|
|                                                              |                                                 |            |            |            |            |            |            |
|                                                              |                                                 |            |            |            |            |            |            |
|                                                              | Three Months Ended March 31,                    |            |            |            |            |            |            |
|                                                              | 2020                                            |            | 2019       |            |            |            |            |
|                                                              | (Dollars in millions, except per share amounts) |            |            |            |            |            |            |
| Product sales                                                | $                                               | 6,305      |            |            | $          | 6,713      |            |
| Service sales                                                | 2,158                                           |            |            | 2,171      |            |            |            |
| Net sales                                                    | 8,463                                           |            |            | 8,884      |            |            |            |
| Costs, expenses and other                                    |                                                 |            |            |            |            |            |            |
| Cost of products sold                                        | 4,374                                           |            |            | 4,622      |            |            |            |
| Cost of services sold                                        | 1,160                                           |            |            | 1,257      |            |            |            |
|                                                              | 5,534                                           |            |            | 5,879      |            |            |            |
| Selling, general and administrative expenses                 | 1,238                                           |            |            | 1,363      |            |            |            |
| Other (income) expense                                       | (317                                            | )          |            | (285       | )          |            |            |
| Interest and other financial charges                         | 73                                              |            |            | 85         |            |            |            |
|                                                              | 6,528                                           |            |            | 7,042      |            |            |            |
| Income before taxes                                          | 1,935                                           |            |            | 1,842      |            |            |            |
| Tax expense (benefit)                                        | 329                                             |            |            | 406        |            |            |            |
| Net income                                                   | 1,606                                           |            |            | 1,436      |            |            |            |
| Less: Net income attributable to the noncontrolling interest | 25                                              |            |            | 20         |            |            |            |
| Net income attributable to Honeywell                         | $                                               | 1,581      |            |            | $          | 1,416      |            |
| Earnings per share of common stock - basic                   | $                                               | 2.23       |            |            | $          | 1.94       |            |
| Earnings per share of common stock - assuming dilution       | $                                               | 2.21       |            |            | $          | 1.92       |            |

---

English News:
"Honeywell Delivers Margin Expansion Of Over 140 Basis Points And Earnings Per Share Of $2.21, Up 15% - CHARLOTTE, N.C., May1, 2020 /PRNewswire/ --Honeywell (NYSE: HON) today announced strong earnings growth for the first quarter of 2020 despite significant impacts from the COVID-19 pandemic. The company reported first-quarter earnings per share of $2.21, above guidance, operating profit growth of 3%, segment profit growth of 2%, and segment margin expansion of 140 basis points, all of which were at or above first-quarter guidance, with sales down 5%, or 4% organically. \"Honeywell delivered on our original earnings commitment for the first quarter, with EPS growth of 15% despite the substantial challenges we faced due to the COVID-19 pandemic. We remain focused on the strong operational excellence principles that underlie everything we do, and that discipline enabled us to achieve earnings growth in a challenging first quarter,\" said Darius Adamczyk, chairman and chief executive officer of Honeywell. \"As the COVID-19 pandemic rapidly escalated and the global economy deteriorated, we faced headwinds across our businesses, including rapid changes in our supply chain, constraints at customer sites, and significant impacts on the commercial aerospace and oil and gas end markets. These challenges drove an organic sales decline in the quarter. However, we acted quickly to mitigate the impacts and we continued to serve our customers, including those involved in the COVID-19 response efforts, while ensuring the safety of our employees.\" \"The safety of our employees is our top priority,\" Adamczyk said. \"We have announced that Honeywell will pay for COVID-19 testing costs that are not covered by our employees' insurance and will pay out-of-pocket treatment costs for those enrolled in the Honeywell medical plan. We have also provided a full year of paid sick time up-front to U.S. non-exempt employees and have announced a $10 million relief fund to help employees that are in financial distress. In addition, Honeywell is playing a critical role in keeping medical professionals safe. We have announced two new manufacturing sites for N95 respiratory masks in the United States. Between these two locations, we will produce 20 million respiratory masks per month and create about 1,000 new jobs. We are also quickly ramping up production of other personal protective equipment, including safety eyewear and face shields. Our medical sensors are widely used in ventilators, and we have significantly increased our sensor production to address demand. In addition, we are shifting manufacturing operations at two facilities to produce and donate hand sanitizer to government agencies. Within the United States, our donation will go to the Federal Emergency Management Agency (FEMA).\" Adamczyk continued, \"We are well-prepared to manage the downturn with a strong balance sheet and execution rigor focused on cost control and cash generation. We have nearly $9 billion of cash and short-term investments on hand and, in March, we further enhanced our financial flexibility by entering into a $6 billion two-year term loan and refinanced 1 billion of bonds at attractive rates. Our pension plan remains overfunded, requiring no additional contributions for the foreseeable future.\" Adamczyk concluded, \"I am proud of Honeywell's longstanding ability to adapt to and deliver in any type of economic environment, and I am confident in our ability to execute in these uncertain times.Our businesses serve a diverse set of end markets and we continue to invest in innovation for long-term growth, including quantum computing, the Honeywell Forge enterprise performance management software platform, and sustainable next-generation products. Honeywell is actively managing through the downturn and is well-positioned for the economic recovery to come.\" Due to the evolving nature of the COVID-19 pandemic and related supply chain and market disruptions, Honeywell announced that it has temporarily suspended its full-year financial guidance until the economic impact of COVID-19 stabilizes. The company expects ongoing top-line challenges due to the current market conditions, particularly in the aerospace and oil and gas sectors. First-Quarter Performance Honeywellsales for the first quarter were down 5% on a reported basis and down 4% on an organic basis. The difference between reported and organic sales primarily relates to the impact of foreign currency translation. The first-quarter financial results can be found in Tables 1 and 2. Aerospacesales for the first quarter were up 1% on an organic basis driven by continued strength in the Defense and Space business and growth in air transport commercial aftermarket, partially offset by lower air transport original equipment demand.Segment margin expanded 280 basis points to 27.9%, primarily driven by favorable sales mix and commercial excellence. Honeywell Building Technologiessales for the first quarter were down 6% on an organic basis as flat sales in commercial fire were offset by softness in building solutions projects and volume declines in security and building management products. Segment margin expanded 100 basis points to 20.5%, primarily driven by commercial and operational excellence. Performance Materials and Technologies sales for the first quarter were down 5% on an organic basis driven by supply chain disruptions and decreased products demand in Process Solutions; headwinds related to the continued illegal imports of hydrofluorocarbons (HFCs) into Europe, and lower automotive refrigerant volumes in Advanced Materials; and lower gas processing volumes in UOP, partially offset by higher demand for equipment. Segment margin contracted 50 basis points to 21.4%, primarily driven by unfavorable sales mix related to higher equipment demand, partially offset by commercial excellence. Safety and Productivity Solutionssales for the first quarter were down 9% on an organic basis driven by lower sales volumes in sensing and IoT, the impact of major systems project timing in Intelligrated, and lower demand for gas sensing products, more than offsetting increased demand for respiratory personal protective equipment. SPS orders were up double-digits in the first quarter, led by demand for PPE and strong Intelligrated bookings, resulting in backlog that is up over 30% year-over-year.Segment margin contracted 90 basis points to 12.5%, primarily driven by lower sales volumes, partially offset by productivity, net of inflation. Conference Call Details Honeywell will discuss its first-quarter results and second-quarter outlook during an investor conference call starting at 8:30 a.m. Eastern Daylight Time today. To participate on the conference call, please dial (866) 548-4713 (domestic) or (323) 794-2093 (international) approximately ten minutes before the 8:30 a.m. EDT start.Please mention to the operator that you are dialing in for Honeywell's first-quarter 2020 earnings call or provide the conference code HON1Q20. The live webcast of the investor call as well as related presentation materials will be available through the Investor Relations section of the company's website (www.honeywell.com/investor). Investors can hear a replay of the conference call from 12:30 p.m. EDT, May 1, until 12:30 p.m. EDT, May 8, by dialing (888) 203-1112 (domestic) or (719) 457-0820 (international). The access code is 4293414. TABLE 1: SUMMARY OF HONEYWELL FINANCIAL RESULTS 1Q 2020 1Q 2019 Change Sales 8,463 8,884 (5%) Organic Growth (4%) Segment Margin 21.8% 20.4% 140 bps Operating Income Margin 20.0% 18.5% 150 bps Earnings Per Share $2.21 $1.92 15% Cash Flow from Operations 939 1,134 (17%) Free Cash Flow 800 993 (19%) Adjusted Free Cash Flow1 800 1,158 (31%) TABLE 2: SUMMARY OF SEGMENT FINANCIAL RESULTS AEROSPACE 1Q 2020 1Q 2019 Change Sales 3,361 3,341 1% Organic Growth 1% Segment Profit 937 838 12% Segment Margin 27.9% 25.1% 280 bps HONEYWELL BUILDING TECHNOLOGIES Sales 1,281 1,389 (8%) Organic Growth (6%) Segment Profit 262 271 (3%) Segment Margin 20.5% 19.5% 100 bps PERFORMANCE MATERIALS AND TECHNOLOGIES Sales 2,397 2,572 (7%) Organic Growth (5%) Segment Profit 512 564 (9%) Segment Margin 21.4% 21.9% -50 bps SAFETY AND PRODUCTIVITY SOLUTIONS Sales 1,424 1,582 (10%) Organic Growth (9%) Segment Profit 178 212 (16%) Segment Margin 12.5% 13.4% -90 bps 1Adjusted free cash flow and adjusted free cash flow V% exclude impacts from separation costs related to the spin-offs of $165M in 1Q19 Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom. This release contains certain statements that may be deemed \"forward-looking statements\" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, technological, and COVID-19 public health factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, and other developments, including the potential impact of the COVID-19 pandemic, and business decisions may differ from those envisaged by such forward-looking statements. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission. This release contains financial measures presented on a non-GAAP basis. Honeywell's non-GAAP financial measures used in this release are as follows: segment profit, on an overall Honeywell basis, a measure by which we assess operating performance, which we define as operating income adjusted for certain items as presented in the Appendix; segment margin, on an overall Honeywell basis, which we define as segment profit divided by sales; organic sales growth, which we define as sales growth less the impacts from foreign currency translation, and acquisitions and divestitures for the first 12 months following transaction date; free cash flow, which we define as cash flow from operations less capital expenditures; and adjusted free cash flow, which we define as cash flow from operations less capital expenditures and which we adjust to exclude the impact of separation costs related to the spin-offs of Resideo and Garrett, if and as noted in the release.Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These metrics should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures. Honeywell International Inc. Consolidated Statement of Operations (Unaudited) (Dollars in millions, except per share amounts) Three Months Ended March 31, 2020 2019 Product sales $ 6,305 $ 6,713 Service sales 2,158 2,171 Net sales 8,463 8,884 Costs, expenses and other Cost of products sold (1) 4,374 4,622 Cost of services sold (1) 1,160 1,257 5,534 5,879 Selling, general and administrative expenses (1) 1,238 1,363 Other (income) expense (317) (285) Interest and other financial charges 73 85 6,528 7,042 Income before taxes 1,935 1,842 Tax expense (benefit) 329 406 Net income 1,606 1,436 Less: Net income attributable to the noncontrolling interest 25 20 Net income attributable to Honeywell $ 1,581 $ 1,416 Earnings per share of common stock - basic $ 2.23 $ 1.94 Earnings per share of common stock - assuming dilution $ 2.21 $ 1.92 Weighted average number of shares outstanding - basic 709.6 729.7 Weighted average number of shares outstanding - assuming dilution 717.0 738.8 (1) Cost of products and services sold and selling, general and administrative expenses include amounts for repositioning and other charges, the service cost component of pension and other postretirement (income) expense, and stock compensation expense. Honeywell International Inc. Segment Data (Unaudited) (Dollars in millions) Three Months Ended March 31, Net Sales 2020 2019 Aerospace $ 3,361 $ 3,341 Honeywell Building Technologies 1,281 1,389 Performance Materials and Technologies 2,397 2,572 Safety and Productivity Solutions 1,424 1,582 Total $ 8,463 $ 8,884 Reconciliation of Segment Profit to Income Before Taxes Three Months Ended March 31, Segment Profit 2020 2019 Aerospace $ 937 $ 838 Honeywell Building Technologies 262 271 Performance Materials and Technologies 512 564 Safety and Productivity Solutions 178 212 Corporate (41) (76) Total segment profit 1,848 1,809 Interest and other financial charges (73) (85) Stock compensation expense (1) (44) (41) Pension ongoing income (2) 198 151 Other postretirement income (2) 13 12 Repositioning and other charges (3,4) (62) (84) Other (5) 55 80 Income before taxes $ 1,935 $ 1,842 (1) Amounts included in Selling, general and administrative expenses. (2) Amounts included in Cost of products and services sold and Selling, general and administrative expenses (service costs) and Other income/expense (non-service cost components). (3) Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other income/expense. (4) Includes repositioning, asbestos, and environmental expenses. (5) Amounts include the other components of Other income/expense not included within other categories in this reconciliation. Equity income (loss) of affiliated companies is included in segment profit. Honeywell International Inc. Consolidated Balance Sheet (Unaudited) (Dollars in millions) March 31, 2020 December 31, 2019 ASSETS Current assets: Cash and cash equivalents $ 7,721 $ 9,067 Short-term investments 1,070 1,349 Accounts receivable - net 7,452 7,493 Inventories 4,584 4,421 Other current assets 1,786 1,973 Total current assets 22,613 24,303 Investments and long-term receivables 613 588 Property, plant and equipment - net 5,214 5,325 Goodwill 15,282 15,563 Other intangible assets - net 3,580 3,734 Insurance recoveries for asbestos related liabilities 383 392 Deferred income taxes 71 86 Other assets 9,666 8,688 Total assets $ 57,422 $ 58,679 LIABILITIES Current liabilities: Accounts payable $ 5,676 $ 5,730 Commercial paper and other short-term borrowings 3,528 3,516 Current maturities of long-term debt 1,042 1,376 Accrued liabilities 7,131 7,476 Total current liabilities 17,377 18,098 Long-term debt 11,542 11,110 Deferred income taxes 1,670 1,670 Postretirement benefit obligations other than pensions 314 326 Asbestos related liabilities 1,948 1,996 Other liabilities 6,699 6,766 Redeemable noncontrolling interest 7 7 Shareowners' equity 17,865 18,706 Total liabilities, redeemable noncontrolling interest and shareowners' equity $ 57,422 $ 58,679 Honeywell International Inc. Consolidated Statement of Cash Flows (Unaudited) (Dollars in millions) Three Months Ended March 31, 2020 2019 Cash flows from operating activities: Net income $ 1,606 $ 1,436 Less: Net income attributable to the noncontrolling interest 25 20 Net income attributable to Honeywell 1,581 1,416 Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: Depreciation 153 163 Amortization 90 98 Repositioning and other charges 62 84 Net payments for repositioning and other charges (111) (34) Pension and other postretirement income (212) (163) Pension and other postretirement benefit payments (14) (30) Stock compensation expense 44 41 Deferred income taxes (58) 80 Other (179) (4) Changes in assets and liabilities, net of the effects of acquisitions and divestitures: Accounts receivable 41 198 Inventories (163) (221) Other current assets 166 (217) Accounts payable (54) (29) Accrued liabilities (407) (248) Net cash provided by (used for) operating activities 939 1,134 Cash flows from investing activities: Expenditures for property, plant and equipment (139) (141) Proceeds from disposals of property, plant and equipment 7 2 Increase in investments (648) (1,226) Decrease in investments 843 796 Receipts (payments) from settlements of derivative contracts 287 (40) Net cash provided by (used for) investing activities 350 (609) Cash flows from financing activities: Proceeds from issuance of commercial paper and other short-term borrowings 3,455 3,318 Payments of commercial paper and other short-term borrowings (3,373) (3,319) Proceeds from issuance of common stock 66 145 Proceeds from issuance of long-term debt 1,127 20 Payments of long-term debt (1,125) (13) Repurchases of common stock (1,923) (750) Cash dividends paid (635) (606) Other (38) (30) Net cash provided by (used for) financing activities (2,446) (1,235) Effect of foreign exchange rate changes on cash and cash equivalents (189) 48 Net increase (decrease) in cash and cash equivalents (1,346) (662) Cash and cash equivalents at beginning of period 9,067 9,287 Cash and cash equivalents at end of period $ 7,721 $ 8,625 Honeywell International Inc. Reconciliation of Organic Sales % Change (Unaudited) Three Months Ended March 31, 2020 Honeywell Reported sales % change (5)% Less: Foreign currency translation (1)% Less: Acquisitions, divestitures and other, net % Organic sales % change (4)% Aerospace Reported sales % change 1% Less: Foreign currency translation % Less: Acquisitions, divestitures and other, net % Organic sales % change 1% Honeywell Building Technologies Reported sales % change (8)% Less: Foreign currency translation (2)% Less: Acquisitions, divestitures and other, net % Organic sales % change (6)% Performance Materials and Technologies Reported sales % change (7)% Less: Foreign currency translation (2)% Less: Acquisitions, divestitures and other, net % Organic sales % change (5)% Safety and Productivity Solutions Reported sales % change (10)% Less: Foreign currency translation (1)% Less: Acquisitions, divestitures and other, net % Organic sales % change (9)% We define organic sales percent as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. Honeywell International Inc. Reconciliation of Segment Profit to Operating Income and Calculation of Segment Profit and Operating Income Margins (Unaudited) (Dollars in millions) Three Months Ended March 31, 2020 2019 Segment profit $ 1,848 $ 1,809 Stock compensation expense (1) (44) (41) Repositioning, Other (2,3) (74) (93) Pension and other postretirement service costs (4) (39) (33) Operating income $ 1,691 $ 1,642 Segment profit $ 1,848 $ 1,809 Net sales $ 8,463 $ 8,884 Segment profit margin % 21.8 % 20.4 % Operating income $ 1,691 $ 1,642 Net sales $ 8,463 $ 8,884 Operating income margin % 20.0 % 18.5 % (1) Included in Selling, general and administrative expenses. (2) Includes repositioning, asbestos, environmental expenses and equity income adjustment. (3) Included in Cost of products and services sold, Selling, general and administrative expenses and Other income/expense. (4) Included in Cost of products and services sold and Selling, general and administrative expenses. We define segment profit as operating income, excluding stock compensation expense, pension and other postretirement service costs, and repositioning and other charges. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. Honeywell International Inc. Reconciliation of Cash Provided by Operating Activities to Adjusted Free Cash Flow (Unaudited) (Dollars in millions) Three Months EndedMarch 31, 2020 Three Months EndedMarch 31, 2019 Cash provided by operating activities $ 939 $ 1,134 Expenditures for property, plant and equipment (139) (141) Free cash flow 800 993 Separation cost payments 165 Adjusted free cash flow $ 800 $ 1,158 We define free cash flow as cash provided by operating activities less cash expenditures for property, plant and equipment. We believe that this metric is useful to investors and management as a measure of cash generated by business operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock or repay debt obligations prior to their maturities. This metric can also be used to evaluate our ability to generate cash flow from business operations and the impact that this cash flow has on our liquidity. Contacts: Media Investor Relations Nina Krauss Mark Bendza (704) 627-6035 (704) 627-6200 [emailprotected] [emailprotected] SOURCE Honeywell Related Links http://www.honeywell.com"

Chinese News:
5月6日，霍尼韦尔(纽交所代码： HON)公布2020年第一季度的财务业绩，受到新冠肺炎疫情重大影响，霍尼韦尔个人防护业务大幅增长，但其业务占比过小，无法抵消其他业务受疫情下滑的影响。霍尼韦尔第一季度销售额84.63亿美元，同比下滑5%；每股收益2.21美元；营运利润上涨3%，部门利润上涨2%；营运现金流9亿美元，自由现金流8亿美元。“尽管新冠肺炎疫情给我们带来了巨大的挑战，但霍尼韦尔完成了第一季度的收益承诺，每股收益增长15%。”霍尼韦尔董事长兼首席执行官杜瑞哲说，“随着新冠肺炎疫情迅速蔓延，全球经济恶化，我们业务都面临不利因素，包括我们供应链的急剧变化、客户现场受限以及商用航空、石油和天然气终端市场所受的重大影响。这些挑战导致我们该季度内生 式销售额下降。但我们立即采取行动以减轻新冠肺炎疫情带来的影响，并继续为客户提供服务，这包括响应疫情防控工作的客户，同时确保我们 员工的安全。”受疫情影响，在个人防护设备的需求依旧强劲情况下，霍尼韦尔扩大了产能。杜瑞哲说，“我们已经宣布在美国新设立两个N95口罩生产基地，每月将生产2000万个口罩，并创造约1000个新工作岗位。我们同时还迅速提升包括护目镜、防护面罩在内的其他个人防护设备产量。 我们的医疗传感器已广泛应用于呼吸机中，并且我们已经大大提升了传感器产量，以满足需求。我们还在两家工厂改造生产线，以生产洗手液并 将其捐赠给政府机构。在美国，我们将其捐赠给联邦应急管理局(FEMA)。”“我们已做好充分准备，通过强大的资产负债表、严格执行成本控制以 及现金增值的能力来应对经济衰退。我们手头上有近90亿美元的现金和短期投资，并且在3月份，我们通过签署一项为期两年、价值60亿美元的贷款协议，进一步提升了财务灵活性，并以具有吸引力的利率为10亿欧元债券进行再融资。我们的养老金计划仍然资金充裕，在可预见的将来不需 要额外的供款。”受当前市场状况影响，尤其是航空航天以及石油和天然气行业，霍尼韦尔预期将面临不断的销售业绩挑战。在霍尼韦尔四大业务中，口罩所在的安全与生产力解决方案集团业务部占比是较小的。第一季度内生式销售额下降9%，营收14.24亿美元。尽管个人防护设备需求猛增，但传感和工业物联销售下降，Intelligrated大型系统项目进度控制受影响，气体传感产品需求下降。由于个人防护设备需求上涨以及Intelligrated强劲的预定，该业务集团一季度订单实现两位数增长，导致订单储存同比上涨达到30%。部门利润率下降90个基点至12.5%，主要受销售下降影响，部分被生产率所抵消，不考虑通货膨胀因素。霍尼韦尔营收占比最大的航空航天集团业务在第一季度实现内生式销售额增长1%，营收33.61亿美元。霍尼韦尔方面称这主要归功于防务和航天业务持续的强劲表现，以及空中交通运输商用售后市场的增长，但被商用航空原始设备需求下 降所部分抵消。部门利润率上涨280个基点至27.9%，主要得益于商业运营和有利的销售组合。智能建筑科技集团第一季度内生式销售额下降6%， 营收12.81亿美元。商用消防销售持平，但建筑智能系统项目放缓，安防和建筑管理产品销售下降。特性材料和技术集团第一季度内生式销售额下降5%，营收23.97亿美元。原因在于过程控制部业务受供应链影响以及产品需求下降；高性能材料业务受欧洲市场持续非法进口氢氟烃(HFC)影响 以及汽车制冷剂销售下降；UOP气体处理量下滑，部分被设备需求增长所抵消。部门利润率下降50个基点至21.4%，主要原因在于设备需求上升导 致不利的销售组合。

Japanese News:
湖北省武漢市で設けられた米複合企業ハネウェル社の完全子会社であるハネウェル新興市場本部とイノベーションセンターが19日、オープンしました。 新型コロナウイルス感染症の終息後、世界500強企業が、中国に進出するのはこれが初めてです。 ハネウェル社は航空産業向けの製品やサービス、建築、産業用制御技術、特殊材料などの分野におけるハイテクソリューション事業を展開しています。 同社・中国エリアの責任者・張宇峰氏は「武漢を2回訪れた。光谷ソフトウェアパークにあるイノベーション企業が非常に素晴らしい。彼らの革新的な製品、ソリューション、人材の誘致、投資環境は非常に優れている。ここでは新しい製品ラインをたくさん開発できると思う」と述べました。 一方、武漢東湖新技術開発区管理委員会の陳平主任は、 「武漢にとってこの春は大変なひと時であったが、無事に世界500強の企業を迎えた。この会社が新しい完全子会社を率先して感染症終息後の武漢に設立することは、武漢にとって自信を高める非常に重要な措置だ。サービスをさらに改善し、一流のビジネス環境を整え、最も便利なサービスを提供するとともに、外資企業が中国で新たな発展を迎えるために最適なサービスを提供する」と述べました。

Spanish News:
Honeywell (NYSE:HON) presentó el Viernes sus beneficios correspondientes al primer trimestre del año, cifras que superaron las previsiones de los analistas. Los ingresos, por su parte, se situaron por debajo de lo esperado. La compañía presentó un beneficio por acción de $2,21 y una facturación de $8,46B. Los analistas encuestados por Investing.com esperaban un BPA de $1,96 y unos ingresos de $8,6B, en comparación con el BPA de $1,92 y los ingresos de $8,88B que obtuvo en el mismo periodo del año anterior. En el trimestre anterior, la compañía registró un BPA de $2,06 y unos ingresos de $9,5B. En lo que llevamos de año, la acción de Honeywell desciende un 19%, por debajo de lo esperado al S&P 500, lo que representa una caída del 10%. Con sus cifras, Honeywell se une este mes a otras grandes del sector Bienes de capital . El pasado 15 de abril, ASML ADR presentó un BPA para el primer trimestre del año de $0,93 y unos ingresos de $2,44B, frente a la previsión de BPA de $1,47 y de ingresos de $3,17B. Los beneficios de Lockheed Martin superaron las previsiones de los analistas lanzadas el pasado 21 de abril, con un BPA para el primer trimestre de $6,08 y unos ingresos de $15,65B. Los analistas encuestados por Investing.com esperaban un BPA de $5,81 y unos ingresos de $15,08B. Manténgase al día de todas las cifras empresariales visitando nuestro Calendario de Resultados.

Greek News:
Η εταιρία κολοσσός Honeywell εστιάζει σε καινοτόμες τεχνολογίες καυσίμων και μεταφορών, εντείνοντας τις προσπάθειες της για βιωσιμότητα. Χρησιμοποιώντας μη βιώσιμα φυτά όπως τα φύκη και η γιατρόφα αλλά και απορρίματα, παράγει πράσινα καύσιμα και πετυχαίνει σημαντικές μειώσεις στις εκπομπές αερίων του θερμοκηπίου. Συγκεκριμένα, τα πράσινα αεροπορικά καύσιμα που αναπτύσσει προσφέρουν έως και 85% χαμηλότερες εκπομπές καθ' όλο τον κύκλο ζωής τους, ενώ παρόμοια ποσοστά επιτυγχάνονται και στα καύσιμα για οδικές και θαλάσσιες μεταφορές. Αυτές οι λύσεις συμβάλλουν ουσιαστικά στην απαθρακοποίηση του ευρύτερου τομέα των μεταφορών. Επίσης στον κλάδο της αεροπορίας, η εταιρία αναπτύσσει τεχνολογίες οι οποίες επιδιώκουν την παράλληλη αύξηση της χωρητικότητας και τη μείωση των εκπομπών. Το λογισμικό Honeywell Forge επιτρέπει τις λειτουργίες των πτήσεων να είναι πιο αποδοτικές, οδηγώντας έτσι σε μείωση της κατανάλωσης ενέργειας έως και 5% ανά διαδρομή. Επιπλέον, τα ηλεκτρικά και υβριδικά-ηλεκτρικά συστήματα πτήσης που αναπτύσσει η εταιρία στοχεύουν στον περιορισμό των εκπομπών σε κρίσιμες φάσεις, όπως η απογείωση και η προσγείωση, βελτιώνοντας τις περιβαλλοντικές επιδόσεις σε αστικά περιβάλλοντα. Παράλληλα με τα παραπάνω μέτρα, που έχουν ώς κύριο τους μέρισμα το περιβαλλοντικό αντίκτυπο της εταιρίας, η Honeywell ενισχύει την στρατηγική της παρουσία και στον αμυντικό τομέα. Συγκεκριμένα, εξασφάλισε συμβόλαιο $99,1 εκατομμυρίων με την Πολεμική Αεροπορία των ΗΠΑ. Το έργο αφορά τον εκσυγχρονισμό του συστήματος πλοήγησης EGI-M, το οποίο αποτελεί τεχνολογική πλατφόρμα για στρατιωτικά αεροσκάφη. Η ικανότητα του να λειτουργεί χωρίς εξάρτηση από GPS το καθιστά κρίσιμο για επιχειρήσεις σε περιβάλλοντα υψηλού κινδύνου, ενώ η υλοποίηση του έργου στη πόλη Clearwater της Florida, αναμένεται να ολοκληρωθεί μέχρι τα μέσα του 2024.

Question:
What trends can be observed in the company’s revenue amount over the past few years? Please quote the piece(s) of news aligned with the finding(s), if any.

Answer:

Question: What trends can be observed in the company’s revenue amount over the past few years? Please quote the piece(s) of news aligned with the finding(s), if any.

Answer: Honeywell’s total revenue for Q1 FY2020 was $8.5B, a slight decrease of 4.7% from $8.9B in Q1 FY2019. The decline was driven by both lower service sales from $2.17B to $2.16B and a lower product sales from $6.7B to $6.3B.
News Evidence: Spanish_news: "La compañía presentó un beneficio por acción de $2,21 y una facturación de $8,46B. Los analistas encuestados por Investing.com esperaban un BPA de $1,96 y unos ingresos de $8,6B, en comparación con el BPA de $1,92 y los ingresos de $8,88B que obtuvo en el mismo periodo del año anterior." Chinese_news: "霍尼韦尔第一季度销售额84.63亿美元，同比下滑5%" English_news: “The company reported first-quarter earnings per share of $2.21, above guidance, operating profit growth of 3%, segment profit growth of 2%, and segment margin expansion of 140 basis points, all of which were at or above first-quarter guidance, with sales down 5%, or 4% organically.”

Question: How does the company’s balance sheet reflect its financial health in terms of total amount of current assets and the ratio of total liability divided by total equity? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.

Answer: Honeywell’s current assets totaled $22.6B as of Q1 FY2020, down from $24.3B at the end of FY2019. Total liabilities were $37.2B, and total equity was $17.9B, resulting in a total-liability-to-equity ratio of 2.2 as of Q1 FY2020, slightly up from 2.1 at the end of FY2019, indicating slightly increased leverage.
News Evidence: Chinese_news: “我们手头上有近90亿美元的现金和短期投资，并且在3月份，我们通过签署一项为期两年、价值60亿美元的贷款协议，进一步提升了财务灵活性。”

Question: Are there any significant changes or irregularities in the amount of operating, investing and financing cash flow? Please quote the piece(s) of news aligned with the finding(s), if any.

Answer: In Q1 FY2020, Honeywell reported $939M in operating cash flow, down from $1.13B in Q1 FY2019. Investing cash outflow was $350M, down from $609M, while financing cash outflow increased sharply to $2.4B from $1.2B, reflecting higher debt repayments and share repurchases.
News Evidence: English_news: “TABLE 1: SUMMARY OF HONEYWELL FINANCIAL RESULTS 1Q 2020 1Q 2019 Change Sales 8,463 8,884 (5%) Organic Growth (4%) Segment Margin 21.8% 20.4% 140 bps Operating Income Margin 20.0% 18.5% 150 bps Earnings Per Share $2.21 $1.92 15% Cash Flow from Operations 939 1,134 (17%) Free Cash Flow 800 993 (19%) Adjusted Free Cash Flow1 800 1,158 (31%) ”

Question: What is the company's R&D ratio (R&D divided by revenue)? Please provide only the final result(s); do not include any calculation steps. Please quote the piece(s) of news aligned with the finding(s), if any.

Answer: None.
News Evidence: None.