HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 7: 
TABLE OF CONTENTS



HONEYWELL INTERNATIONAL INC.


CONSOLIDATED STATEMENT OF SHAREOWNERS' EQUITY

(Unaudited)
|    |                                                         |                                         |      |      |        |         |    |         |          |    |         |         |    |          |
|---:|:--------------------------------------------------------|:----------------------------------------|:-----|:-----|:-------|:--------|:---|:--------|:---------|:---|:--------|:--------|:---|:---------|
|  1 |                                                         | Three Months Ended March 31,            |      |      |        |         |    |         |          |    |         |         |    |          |
|  2 |                                                         |                                         | 2024 | 2023 |        |         |    |         |          |    |         |         |    |          |
|  3 |                                                         |                                         |      |      | Shares |         | $  |         | Shares   | $  |         |         |    |          |
|  4 |                                                         | (In millions, except per share amounts) |      |      |        |         |    |         |          |    |         |         |    |          |
|  5 | Common stock, par value                                 |                                         |      |      |        | 957.6   |    |         | 958      |    | 957.6   |         |    | 958      |
|  6 | Additional paid-in capital                              |                                         |      |      |        |         |    |         |          |    |         |         |    |          |
|  7 | Beginning balance                                       |                                         |      |      |        |         |    | 9,062   |          |    |         | 8,564   |    |          |
|  8 | Issued for employee savings and option plans            |                                         |      |      |        |         |    | 202     |          |    |         | 151     |    |          |
|  9 | Stock compensation expense                              |                                         |      |      |        |         |    | 53      |          |    |         | 59      |    |          |
| 10 | Impact of Quantinuum contribution                       |                                         |      |      |        |         |    | 36      |          |    |         | -       |    |          |
| 12 | Ending balance                                          |                                         |      |      |        |         |    | 9,353   |          |    |         | 8,774   |    |          |
| 13 | Treasury stock                                          |                                         |      |      |        |         |    |         |          |    |         |         |    |          |
| 14 | Beginning balance                                       |                                         |      |      |        | (305.8) |    |         | (38,008) |    | (290.0) |         |    | (34,443) |
| 15 | Reacquired stock or repurchases of common stock         |                                         |      |      |        | (3.4)   |    |         | (671)    |    | (3.5)   |         |    | (699)    |
| 16 | Issued for employee savings and option plans            |                                         |      |      |        | 2.8     |    |         | 135      |    | 1.6     |         |    | 70       |
| 17 | Ending balance                                          |                                         |      |      |        | (306.4) |    |         | (38,544) |    | (291.9) |         |    | (35,072) |
| 18 | Retained earnings                                       |                                         |      |      |        |         |    |         |          |    |         |         |    |          |
| 19 | Beginning balance                                       |                                         |      |      |        |         |    | 47,979  |          |    |         | 45,093  |    |          |
| 21 | Net income attributable to Honeywell                    |                                         |      |      |        |         |    | 1,463   |          |    |         | 1,394   |    |          |
| 22 | Dividends on common stock                               |                                         |      |      |        |         |    | (707)   |          |    |         | (690)   |    |          |
| 25 | Ending balance                                          |                                         |      |      |        |         |    | 48,735  |          |    |         | 45,797  |    |          |
| 26 | Accumulated other comprehensive income (loss)           |                                         |      |      |        |         |    |         |          |    |         |         |    |          |
| 27 | Beginning balance                                       |                                         |      |      |        |         |    | (4,135) |          |    |         | (3,475) |    |          |
| 28 | Foreign exchange translation adjustment                 |                                         |      |      |        |         |    | 78      |          |    |         | (59)    |    |          |
| 29 | Pension and other postretirement benefit adjustments    |                                         |      |      |        |         |    | (5)     |          |    |         | (12)    |    |          |
| 30 | Changes in fair value of available for sale investments |                                         |      |      |        |         |    | -       |          |    |         | (6)     |    |          |
| 31 | Changes in fair value of cash flow hedges               |                                         |      |      |        |         |    | 14      |          |    |         | 14      |    |          |
| 32 | Ending balance                                          |                                         |      |      |        |         |    | (4,048) |          |    |         | (3,538) |    |          |
| 33 | Noncontrolling interest                                 |                                         |      |      |        |         |    |         |          |    |         |         |    |          |
| 34 | Beginning balance                                       |                                         |      |      |        |         |    | 578     |          |    |         | 622     |    |          |
| 36 | Net income attributable to noncontrolling interest      |                                         |      |      |        |         |    | 12      |          |    |         | 14      |    |          |
| 37 | Foreign exchange translation adjustment                 |                                         |      |      |        |         |    | (24)    |          |    |         | 1       |    |          |
| 38 | Dividends paid                                          |                                         |      |      |        |         |    | (4)     |          |    |         | (41)    |    |          |
| 39 | Contributions from noncontrolling interest holders      |                                         |      |      |        |         |    | 29      |          |    |         | -       |    |          |
| 40 | Ending balance                                          |                                         |      |      |        |         |    | 591     |          |    |         | 596     |    |          |
| 41 | Total shareowners' equity                               |                                         |      |      |        | 651.2   |    |         | 17,045   |    | 665.7   |         |    | 17,515   |
| 42 | Cash dividends per share of common stock                |                                         |      |      |        |         |    | $       | 1.08     |    |         |         | $  | 1.03     |

The Notes to Consolidated Financial Statements are an integral part of this statement.


7    Honeywell International Inc.





, HONEYWELL INTERNATIONAL INC 10-Q form for quarterly period ended 2024-03-31, page 9: 
TABLE OF CONTENTS


HONEYWELL INTERNATIONAL INC.


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)
(Dollars in tables in millions, except per share amounts)

In September 2022, the FASB issued ASU 2022-04, Liabilities-Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU is effective on January 1, 2023, except for the rollforward, which is effective on January 1, 2024, for annual disclosures. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company's Consolidated Financial Statements.
In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, to expand the scope of this guidance to include derivatives. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which extends the period of time entities can utilize the reference rate reform relief guidance under ASU 2020-04 from December 31, 2022, to December 31, 2024. The Company will apply the guidance to impacted transactions during the transition period. The adoption of this standard does not have a material impact on the Company's Consolidated Financial Statements.

NOTE 3. ACQUISITIONS AND DIVESTITURES


ACQUISITIONS

On March 27, 2024, the Company announced its intention to acquire Civitanavi Systems S.p.A. in an all-cash transaction for approximately €200 million. The transaction is not subject to any financing condition but is subject to regulatory review and approval, the tender into the offer of at least 95% of Civitanavi Systems S.p.A.'s outstanding shares, and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024 and the business will be reported within the Aerospace Technologies reportable business segment.
On December 8, 2023, the Company agreed to acquire Carrier Global Corporation's Global Access Solutions business in an all-cash transaction for $5.0 billion. The transaction is subject to regulatory review and approval and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024, and the business will be reported within the Building Automation reportable business segment.
On August 25, 2023, the Company acquired 100% of the outstanding equity interests of SCADAfence, a provider of operational technology and Internet of Things cybersecurity solutions for monitoring large scale networks, for total consideration of $52 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with SCADAfence are included in the Consolidated Balance Sheet as of March 31, 2024, including $17 million of intangible assets and $42 million of goodwill, which is not deductible for tax purposes. The purchase accounting is subject to final adjustment, primarily for the value of intangible assets, amounts allocated to goodwill, and tax balances.
On June 30, 2023, the Company acquired 100% of the outstanding equity interests of Compressor Controls Corporation, a turbomachinery services and controls company based in the United States, for total cash consideration of $673 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with Compressor Controls Corporation are included in the Consolidated Balance Sheet as of March 31, 2024, including $282 million of intangible assets and $350 million allocated to goodwill, which is deductible for tax purposes. The identifiable intangible assets primarily include customer relationships amortized over an estimated life of 15 years using an excess earnings amortization method. The purchase accounting is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, and tax balances.

DIVESTITURES

For the three months ended March 31, 2024, there were no significant divestitures that closed individually or in the aggregate.

9    Honeywell International Inc.







Question: How is Honeywell International Inc.’s Days Sales of Inventory (DSI) for Q1 2024 calculated?
Answer: The Days Sales of Inventory (DSI) for Honeywell International Inc. for the three months ended March 31, 2024, is determined as follows:
DSI = (Average Inventory / Cost of Goods Sold) * Number of Days
Average Inventory = $6,248 million
Cost of Goods Sold = $5,583 million
Number of Days = 90 (assuming a 3-month period)
DSI = (6,248 / 5,583) * 90 = 100.7 days