$HONA

Honeywell Aerospace LLC

CIK:0002089271|SEC Filings

CONDENSED COMBINED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Net sales	$ 4,522	$ 4,289	$ 8,874	$ 8,363
Costs, expenses and other
Total cost of products and services sold	2,941	2,725	5,663	5,276
Research and development expenses	183	167	370	334
Selling, general and administrative expenses	722	383	1,286	748
Other expense, net	98	14	148	72
Interest and other financial charges	200	0	229	0
Total costs, expenses and other	4,144	3,289	7,696	6,430
Income before taxes	378	1,000	1,178	1,933
Income tax expense	122	148	280	295
Net income	256	852	898	1,638
Less: Net income attributable to noncontrolling interests	10	8	18	17
Net income attributable to Aerospace	246	844	880	1,621
Product sales
Net sales	2,611	2,425	5,033	4,658
Costs, expenses and other
Total cost of products and services sold	1,988	1,837	3,820	3,472
Service sales
Net sales	1,911	1,864	3,841	3,705
Costs, expenses and other
Total cost of products and services sold	$ 953	$ 888	$ 1,843	$ 1,804

CONDENSED COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 898	$ 1,638
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	145	134
Amortization	88	78
Stock compensation expense	61	46
Deferred income taxes	36	(129)
Other	(54)	23
Changes in assets and liabilities
Accounts receivable	(365)	(211)
Inventories	(165)	(267)
Contract assets	(48)	(27)
Other assets	(85)	38
Accounts payable	(133)	(70)
Contract liabilities	29	(81)
Other liabilities	(61)	(147)
Net cash provided by operating activities	346	1,025
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(260)	(234)
Increase in investments, net	(5)	(1)
Amounts advanced for related party loans receivable	(7)	(7)
Payments received from related party loans receivable	51	0
Net cash used for investing activities	(221)	(242)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt	15,843	0
Net transfers to Parent	(15,087)	(602)
Other	(12)	(25)
Net cash provided by (used for) financing activities	744	(627)
Effect of foreign exchange rate changes on cash and cash equivalents	(25)	19
Net increase in cash and cash equivalents	844	175
Cash and cash equivalents at beginning of period	213	244
Cash and cash equivalents at end of period	$ 1,057	$ 419

CONDENSED COMBINED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 27, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 1,057	$ 213
Accounts receivable, less allowances of $40 and $33, respectively	2,462	2,156
Inventories	4,466	4,311
Current contract assets	1,412	1,366
Other current assets	446	344
Total current assets	9,843	8,390
Property, plant and equipment, net	2,250	2,101
Goodwill	3,014	3,025
Other intangible assets, net	2,200	2,177
Deferred tax assets	381	412
Other assets	1,683	1,580
Total assets	19,371	17,685
Current liabilities:
Accounts payable	2,793	2,883
Current contract liabilities	1,595	1,589
Accrued liabilities	2,063	2,105
Total current liabilities	6,451	6,577
Long-term debt	15,849	4
Contract liabilities	1,107	1,091
Other liabilities	1,587	1,517
Total liabilities	24,994	9,189
EQUITY
Net Parent investment	(5,487)	8,609
Accumulated other comprehensive loss	(210)	(210)
Total (deficit) equity attributable to Aerospace	(5,697)	8,399
Noncontrolling interests	74	97
Total (deficit) equity	(5,623)	8,496
Total liabilities and (deficit) equity	$ 19,371	$ 17,685