Question:
You are tasked with answering the user's question using the provided context, which includes financial statements (Income Statements, Balance Sheets, and Cash Flow Statements) and financial news articles in multiple languages (English, Chinese, Japanese, Spanish, and Greek). Please provide a detailed and well-supported answer based on the information available. Limit your response to 100 words or fewer. If you cannot answer the question or if no relevant evidence is found, write “None”.

Answer Format:
Answer: {Answer by summarizing the financial news.}
Financial Statements Evidence: {Verify your answer using quote(s) from the financial statements (include original amounts if relevant). Write “None” if no statement evidence is available.}
Context:
Financial Statements:
| Column 1                                                                      | Column 2              | Column 3   | Column 4          | Column 5   | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   |
|:------------------------------------------------------------------------------|:----------------------|:-----------|:------------------|:-----------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|
|                                                                               |                       |            |                   |            |            |            |            |            |             |             |             |
|                                                                               | March 31, 2024        |            | December 31, 2023 |            |            |            |            |            |             |             |             |
|                                                                               | (Dollars in millions) |            |                   |            |            |            |            |            |             |             |             |
| ASSETS                                                                        |                       |            |                   |            |            |            |            |            |             |             |             |
| Current assets                                                                |                       |            |                   |            |            |            |            |            |             |             |             |
| Cash and cash equivalents                                                     | $                     | 11,756     |                   |            | $          | 7,925      |            |            |             |             |             |
| Short-term investments                                                        | 249                   |            |                   | 170        |            |            |            |            |             |             |             |
| Accounts receivable, less allowances of $324and $323, respectively            | 7,476                 |            |                   | 7,530      |            |            |            |            |             |             |             |
| Inventories                                                                   | 6,318                 |            |                   | 6,178      |            |            |            |            |             |             |             |
| Other current assets                                                          | 1,635                 |            |                   | 1,699      |            |            |            |            |             |             |             |
| Total current assets                                                          | 27,434                |            |                   | 23,502     |            |            |            |            |             |             |             |
| Investments and long-term receivables                                         | 975                   |            |                   | 939        |            |            |            |            |             |             |             |
| Property, plant and equipment—net                                             | 5,698                 |            |                   | 5,660      |            |            |            |            |             |             |             |
| Goodwill                                                                      | 17,985                |            |                   | 18,049     |            |            |            |            |             |             |             |
| Other intangible assets—net                                                   | 3,136                 |            |                   | 3,231      |            |            |            |            |             |             |             |
| Insurance recoveries for asbestos-related liabilities                         | 164                   |            |                   | 170        |            |            |            |            |             |             |             |
| Deferred income taxes                                                         | 374                   |            |                   | 392        |            |            |            |            |             |             |             |
| Other assets                                                                  | 9,879                 |            |                   | 9,582      |            |            |            |            |             |             |             |
| Total assets                                                                  | $                     | 65,645     |                   |            | $          | 61,525     |            |            |             |             |             |
| LIABILITIES                                                                   |                       |            |                   |            |            |            |            |            |             |             |             |
| Current liabilities                                                           |                       |            |                   |            |            |            |            |            |             |             |             |
| Accounts payable                                                              | $                     | 6,468      |                   |            | $          | 6,849      |            |            |             |             |             |
| Commercial paper and other short-term borrowings                              | 1,819                 |            |                   | 2,085      |            |            |            |            |             |             |             |
| Current maturities of long-term debt                                          | 1,254                 |            |                   | 1,796      |            |            |            |            |             |             |             |
| Accrued liabilities                                                           | 6,947                 |            |                   | 7,809      |            |            |            |            |             |             |             |
| Total current liabilities                                                     | 16,488                |            |                   | 18,539     |            |            |            |            |             |             |             |
| Long-term debt                                                                | 22,183                |            |                   | 16,562     |            |            |            |            |             |             |             |
| Deferred income taxes                                                         | 2,063                 |            |                   | 2,094      |            |            |            |            |             |             |             |
| Postretirement benefit obligations other than pensions                        | 129                   |            |                   | 134        |            |            |            |            |             |             |             |
| Asbestos-related liabilities                                                  | 1,467                 |            |                   | 1,490      |            |            |            |            |             |             |             |
| Other liabilities                                                             | 6,263                 |            |                   | 6,265      |            |            |            |            |             |             |             |
| Redeemable noncontrolling interest                                            | 7                     |            |                   | 7          |            |            |            |            |             |             |             |
| SHAREOWNERS’ EQUITY                                                           |                       |            |                   |            |            |            |            |            |             |             |             |
| Capital—common stock issued                                                   | 958                   |            |                   | 958        |            |            |            |            |             |             |             |
| —additional paid-in capital                                                   | 9,353                 |            |                   | 9,062      |            |            |            |            |             |             |             |
| Common stock held in treasury, at cost                                        | (38,544)              |            |                   | (38,008)   |            |            |            |            |             |             |             |
| Accumulated other comprehensive income (loss)                                 | (4,048)               |            |                   | (4,135)    |            |            |            |            |             |             |             |
| Retained earnings                                                             | 48,735                |            |                   | 47,979     |            |            |            |            |             |             |             |
| Total Honeywell shareowners’ equity                                           | 16,454                |            |                   | 15,856     |            |            |            |            |             |             |             |
| Noncontrolling interest                                                       | 591                   |            |                   | 578        |            |            |            |            |             |             |             |
| Total shareowners’ equity                                                     | 17,045                |            |                   | 16,434     |            |            |            |            |             |             |             |
| Total liabilities, redeemable noncontrolling interest and shareowners’ equity | $                     | 65,645     |                   |            | $          | 61,525     |            |            |             |             |             |

---

| Column 1                                                                                | Column 2                     | Column 3   | Column 4   | Column 5   | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   |
|:----------------------------------------------------------------------------------------------------------------------|:-----------------------------|:-----------|:-----------|:-----------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
|                                                                                | Three Months Ended March 31, |            |            |            |            |            |            |            |             |             |             |
|                                                                                | 2024                         |            | 2023       |            |            |            |            |            |             |             |             |
|                                                                                | (Dollars in millions)        |            |            |            |            |            |            |            |             |             |             |
| Cash flows from operating activities                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Net income                                                                                | $                            | 1,475      |            |            | $          | 1,408      |            |            |             |             |             |
| Less: Net income attributable to noncontrolling interest                                                              | 12                           |            |            | 14         |            |            |            |            |             |             |             |
| Net income attributable to Honeywell                                                                                | 1,463                        |            |            | 1,394      |            |            |            |            |             |             |             |
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities |                              |            |            |            |            |            |            |            |             |             |             |
| Depreciation                                                                                | 166                          |            |            | 161        |            |            |            |            |             |             |             |
| Amortization                                                                                | 125                          |            |            | 122        |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Repositioning and other charges                                                                                | 93                           |            |            | 141        |            |            |            |            |             |             |             |
| Net payments for repositioning and other charges                                                                      | (124)                        |            |            | (41)       |            |            |            |            |             |             |             |
| NARCO Buyout payment                                                                                | —                            |            |            | (1,325)    |            |            |            |            |             |             |             |
| Pension and other postretirement income                                                                               | (151)                        |            |            | (136)      |            |            |            |            |             |             |             |
| Pension and other postretirement benefit payments                                                                     | (8)                          |            |            | (15)       |            |            |            |            |             |             |             |
| Stock compensation expense                                                                                | 53                           |            |            | 59         |            |            |            |            |             |             |             |
| Deferred income taxes                                                                                | 3                            |            |            | 225        |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Other                                                                                | (163)                        |            |            | (350)      |            |            |            |            |             |             |             |
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures                                |                              |            |            |            |            |            |            |            |             |             |             |
| Accounts receivable                                                                                | 53                           |            |            | (422)      |            |            |            |            |             |             |             |
| Inventories                                                                                | (140)                        |            |            | (238)      |            |            |            |            |             |             |             |
| Other current assets                                                                                | 64                           |            |            | 110        |            |            |            |            |             |             |             |
| Accounts payable                                                                                | (381)                        |            |            | 114        |            |            |            |            |             |             |             |
| Accrued liabilities                                                                                | (605)                        |            |            | (583)      |            |            |            |            |             |             |             |
| Net cash provided by (used for) operating activities                                                                  | 448                          |            |            | (784)      |            |            |            |            |             |             |             |
| Cash flows from investing activities                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Capital expenditures                                                                                | (233)                        |            |            | (193)      |            |            |            |            |             |             |             |
| Proceeds from disposals of property, plant and equipment                                                              | —                            |            |            | 11         |            |            |            |            |             |             |             |
| Increase in investments                                                                                | (238)                        |            |            | (226)      |            |            |            |            |             |             |             |
| Decrease in investments                                                                                | 155                          |            |            | 386        |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Receipts (payments) from settlements of derivative contracts                                                          | 43                           |            |            | (7)        |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Net cash used for investing activities                                                                                | (273)                        |            |            | (29)       |            |            |            |            |             |             |             |
| Cash flows from financing activities                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Proceeds from issuance of commercial paper and other short-term borrowings                                            | 2,223                        |            |            | 4,105      |            |            |            |            |             |             |             |
| Payments of commercial paper and other short-term borrowings                                                          | (2,470)                      |            |            | (3,294)    |            |            |            |            |             |             |             |
| Proceeds from issuance of common stock                                                                                | 144                          |            |            | 37         |            |            |            |            |             |             |             |
| Proceeds from issuance of long-term debt                                                                              | 5,710                        |            |            | —          |            |            |            |            |             |             |             |
| Payments of long-term debt                                                                                | (573)                        |            |            | (1,363)    |            |            |            |            |             |             |             |
| Repurchases of common stock                                                                                | (671)                        |            |            | (699)      |            |            |            |            |             |             |             |
| Cash dividends paid                                                                                | (703)                        |            |            | (725)      |            |            |            |            |             |             |             |
| Other                                                                                | 36                           |            |            | (34)       |            |            |            |            |             |             |             |
| Net cash provided by (used for) financing activities                                                                  | 3,696                        |            |            | (1,973)    |            |            |            |            |             |             |             |
| Effect of foreign exchange rate changes on cash and cash equivalents                                                  | (40)                         |            |            | 28         |            |            |            |            |             |             |             |
| Net increase (decrease) in cash and cash equivalents                                                                  | 3,831                        |            |            | (2,758)    |            |            |            |            |             |             |             |
| Cash and cash equivalents at beginning of period                                                                      | 7,925                        |            |            | 9,627      |            |            |            |            |             |             |             |
| Cash and cash equivalents at end of period                                                                            | $                            | 11,756     |            |            | $          | 6,869      |            |            |             |             |             |

---

| Column 1                                                 | Column 2   | Column 3   | Column 4                     | Column 5   | Column 6                                        | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   |
|:---------------------------------------------------------|:-----------|:-----------|:-----------------------------|:-----------|:------------------------------------------------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                          |            |            |                              |            |                                                 |            |            |            |             |             |             |             |             |             |             |
|                                                          |            |            | Three Months Ended March 31, |            |                                                 |            |            |            |             |             |             |             |             |             |             |
|                                                          |            |            |                              | 2024       |                                                 | 2023       |            |            |             |             |             |             |             |             |             |
|                                                          |            |            |                              |            | (Dollars in millions, except per share amounts) |            |            |            |             |             |             |             |             |             |             |
| Product sales                                            |            |            |                              |            | $                                               | 6,263      |            |            | $           | 6,310       |             |             |             |             |             |
| Service sales                                            |            |            |                              |            | 2,842                                           |            |            | 2,554      |             |             |             |             |             |             |             |
| Net sales                                                |            |            |                              |            | 9,105                                           |            |            | 8,864      |             |             |             |             |             |             |             |
| Costs, expenses and other                                |            |            |                              |            |                                                 |            |            |            |             |             |             |             |             |             |             |
| Cost of products sold                                    |            |            |                              |            | 4,035                                           |            |            | 4,068      |             |             |             |             |             |             |             |
| Cost of services sold                                    |            |            |                              |            | 1,548                                           |            |            | 1,430      |             |             |             |             |             |             |             |
| Total Cost of products and services sold                 |            |            |                              |            | 5,583                                           |            |            | 5,498      |             |             |             |             |             |             |             |
| Research and development expenses                        |            |            |                              |            | 360                                             |            |            | 357        |             |             |             |             |             |             |             |
| Selling, general and administrative expenses             |            |            |                              |            | 1,302                                           |            |            | 1,317      |             |             |             |             |             |             |             |
| Other (income) expense                                   |            |            |                              |            | (231)                                           |            |            | (260)      |             |             |             |             |             |             |             |
| Interest and other financial charges                     |            |            |                              |            | 220                                             |            |            | 170        |             |             |             |             |             |             |             |
| Total costs, expenses and other                          |            |            |                              |            | 7,234                                           |            |            | 7,082      |             |             |             |             |             |             |             |
| Income before taxes                                      |            |            |                              |            | 1,871                                           |            |            | 1,782      |             |             |             |             |             |             |             |
| Tax expense                                              |            |            |                              |            | 396                                             |            |            | 374        |             |             |             |             |             |             |             |
| Net income                                               |            |            |                              |            | 1,475                                           |            |            | 1,408      |             |             |             |             |             |             |             |
| Less: Net income attributable to noncontrolling interest |            |            |                              |            | 12                                              |            |            | 14         |             |             |             |             |             |             |             |
| Net income attributable to Honeywell                     |            |            |                              |            | $                                               | 1,463      |            |            | $           | 1,394       |             |             |             |             |             |
| Earnings per share of common stock—basic                 |            |            |                              |            | $                                               | 2.24       |            |            | $           | 2.09        |             |             |             |             |             |
| Earnings per share of common stock—assuming dilution     |            |            |                              |            | $                                               | 2.23       |            |            | $           | 2.07        |             |             |             |             |             |

---

English News:
**Honeywell International Reports Robust Q1 Fiscal 2024 Results** Honeywell International Inc. commenced fiscal 2024 on a strong note, reporting notable growth in key financial metrics for the first quarter. Total sales reached $9.105 billion, marking a 3% increase year-over-year on both a reported and organic basis. The company's success was primarily driven by strong performances within its Aerospace Technologies and Energy and Sustainability Solutions segments. The firm's operating margin expanded by 130 basis points, settling at 20.4%, with Aerospace Technologies being a significant contributor. Furthermore, the segment margin saw a 20 basis point increase, reaching 22.2%. Honeywell also reported an adjusted earnings per share (EPS) of $2.25, reflecting a 9% year-over-year increase and surpassing consensus estimates. In terms of cash flow, Honeywell demonstrated significant improvements. Free cash flow rose to $215 million, a substantial improvement compared to the cash outflow of $977 million in the corresponding period last year. This translates to a 22% year-over-year increase in net cash from operating activities. The company's cash and cash equivalents showed a promising surge, increasing from $7.925 billion at the end of December 2023 to $11.756 billion by the close of March 2024. This growth occurred despite an investment of $1.6 billion directed towards share repurchases, dividends, and capital expenditures. In addition, Honeywell's backlog reached an all-time high of $32 billion, indicating a 6% increase year-over-year, highlighting robust long-cycle customer demand. Overall, Honeywell's first-quarter performance in fiscal 2024 lays a solid foundation for the rest of the year, underpinned by strategic capital deployment and strength in key business segments.

Chinese News:
楼控末端产品市场排名 2022年楼控末端市场规模为35.6亿元，其中Top5企业依次为霍尼韦尔、西门子、海林自控、江森自控、搏力谋，占比合计约48.6%。

Japanese News:
ハネウェル・インターナショナル（HON）は、2024年度第1四半期（1～3月）の業績を発表し、増収・最終増益を達成しました。 第1四半期の業績： 売上高: 91億500万ドル、前年同期比2.7％増 純利益: 14億7500万ドル、前年同期比4.8％増 1株利益（EPS・希薄化後）: 2.23ドル、前年同期の2.07ドルから増加 これらの結果は、ハネウェルの安定した成長を反映しており、同社の業績が順調に推移していることを示しています。

Spanish News:
Honeywell International Inc. (NASDAQ: HON) reportó un beneficio por acción de 2,25 dólares en el primer trimestre, superando el consenso de los analistas de 2,17 dólares, y unos ingresos de 9.100 millones de dólares, que también estuvieron por encima de las expectativas de 9.030 millones de dólares. En respuesta a estos resultados, las acciones de Honeywell subieron un 2,94%, lo que refleja una reacción positiva por parte del mercado. Resultados clave del primer trimestre: Beneficio por acción (BPA): 2,25 dólares, superando las previsiones de 2,17 dólares. Ingresos: 9.100 millones de dólares, por encima de los 9.030 millones de dólares esperados. Crecimiento de ventas: Aumento del 3% en ventas tanto declaradas como orgánicas, en comparación con el mismo trimestre del año anterior. Margen operativo: Mejoró en 130 puntos básicos, alcanzando el 20,4%. Margen de segmento: Aumentó 20 puntos básicos, alcanzando el 22,2%. Cartera de pedidos y perspectivas futuras: La cartera de pedidos de Honeywell creció un 6% interanual, alcanzando un récord de 32.000 millones de dólares, impulsada por 10.200 millones de dólares en nuevos pedidos. Esto refleja una fuerte demanda en sectores clave, como la aviación comercial y la defensa y el espacio. Declaraciones de Vimal Kapur, CEO de Honeywell: Vimal Kapur, presidente y CEO de Honeywell, comentó: "Honeywell ha tenido un buen comienzo en 2024. El crecimiento orgánico estuvo impulsado por un crecimiento de dos dígitos en nuestros negocios de aviación comercial y defensa y espacio." Atribuyó el sólido desempeño a una combinación de recuperación en los mercados y acciones estratégicas de productividad que permitieron la expansión de los márgenes y el aumento de los beneficios ajustados por acción. Proyecciones para 2024: Ventas proyectadas: Entre 38.100 millones y 38.900 millones de dólares, con un crecimiento orgánico de entre el 4% y el 6%. Margen de segmento: Entre el 23,0% y el 23,3%, con una expansión de 30 a 60 puntos básicos. BPA ajustado: Entre 9,80 y 10,10 dólares, lo que supone un aumento del 7% al 10%. Flujo de caja operativo: Entre 6.700 y 7.100 millones de dólares, con un flujo de caja libre de entre 5.600 y 6.000 millones de dólares. El punto medio de la previsión de BPA ajustado para todo el año es de 9,95 dólares, lo que está en línea con las expectativas de los analistas, sugiriendo que las perspectivas financieras de Honeywell coinciden con las predicciones del mercado.

Greek News:
Η Honeywell Corporation ανακοίνωσε αποτελέσματα πρώτου τριμήνου με θετικό πρόσημο, σημειώνοντας ετήσια αύξηση 2,7% στις καθαρές πωλήσεις, οι οποίες διαμορφώθηκαν στα 9,105 δισεκατομμύρια δολάρια έναντι 8,864 δισεκατομμυρίων το αντίστοιχο τρίμηνο του 2023. Η αύξηση αποδίδεται κυρίως στη βελτιωμένη απόδοση των πωλήσεων προϊόντων και υπηρεσιών. Κεντρικός μοχλός ανάπτυξης υπήρξε ο τομέας της Αεροδιαστημικής, ο οποίος σημείωσε εντυπωσιακή άνοδο 18% σε ετήσια βάση. Αντίθετα, οι τομείς Βιομηχανίας και Αυτοματισμού Κτιρίων κατέγραψαν υποχώρηση, αντανακλώντας ενδεχομένως τις προκλήσεις που αντιμετωπίζουν συγκεκριμένοι βιομηχανικοί κλάδοι. Τα καθαρά κέρδη της εταιρείας αυξήθηκαν στα 1,475 δισεκατομμύρια δολάρια, έναντι 1,408 δισεκατομμυρίων το πρώτο τρίμηνο του προηγούμενου έτους. Τα κέρδη ανά μετοχή διαμορφώθηκαν στα 2,23 δολάρια, υπερβαίνοντας τις προβλέψεις της αγοράς και ενισχύοντας τη χρηματοοικονομική εικόνα της εταιρείας.

Question:
How is the company allocating capital (e.g., investments, share repurchases, dividends) based on its performance and market outlook from the news? Please quote all the relevant financial information from the financial statements supporting the finding(s), if any.

Answer:

Question: How is the company allocating capital (e.g., investments, share repurchases, dividends) based on its performance and market outlook from the news? Please quote all the relevant financial information from the financial statements supporting the finding(s), if any.


Question:
You are tasked with answering the user's question using the provided context, which includes financial statements (Income Statements, Balance Sheets, and Cash Flow Statements) and financial news articles in multiple languages (English, Chinese, Japanese, Spanish, and Greek). Please provide a detailed and well-supported answer based on the information available. Limit your response to 100 words or fewer. If you cannot answer the question or if no relevant evidence is found, write “None”.

Answer Format:
Answer: {Answer by summarizing the financial news.}
Financial Statements Evidence: {Verify your answer using quote(s) from the financial statements (include original amounts if relevant). Write “None” if no statement evidence is available.}
Context:
Financial Statements:
| Column 1                                                                      | Column 2              | Column 3   | Column 4          | Column 5   | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   |
|:------------------------------------------------------------------------------|:----------------------|:-----------|:------------------|:-----------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|
|                                                                               |                       |            |                   |            |            |            |            |            |             |             |             |
|                                                                               | March 31, 2024        |            | December 31, 2023 |            |            |            |            |            |             |             |             |
|                                                                               | (Dollars in millions) |            |                   |            |            |            |            |            |             |             |             |
| ASSETS                                                                        |                       |            |                   |            |            |            |            |            |             |             |             |
| Current assets                                                                |                       |            |                   |            |            |            |            |            |             |             |             |
| Cash and cash equivalents                                                     | $                     | 11,756     |                   |            | $          | 7,925      |            |            |             |             |             |
| Short-term investments                                                        | 249                   |            |                   | 170        |            |            |            |            |             |             |             |
| Accounts receivable, less allowances of $324and $323, respectively            | 7,476                 |            |                   | 7,530      |            |            |            |            |             |             |             |
| Inventories                                                                   | 6,318                 |            |                   | 6,178      |            |            |            |            |             |             |             |
| Other current assets                                                          | 1,635                 |            |                   | 1,699      |            |            |            |            |             |             |             |
| Total current assets                                                          | 27,434                |            |                   | 23,502     |            |            |            |            |             |             |             |
| Investments and long-term receivables                                         | 975                   |            |                   | 939        |            |            |            |            |             |             |             |
| Property, plant and equipment—net                                             | 5,698                 |            |                   | 5,660      |            |            |            |            |             |             |             |
| Goodwill                                                                      | 17,985                |            |                   | 18,049     |            |            |            |            |             |             |             |
| Other intangible assets—net                                                   | 3,136                 |            |                   | 3,231      |            |            |            |            |             |             |             |
| Insurance recoveries for asbestos-related liabilities                         | 164                   |            |                   | 170        |            |            |            |            |             |             |             |
| Deferred income taxes                                                         | 374                   |            |                   | 392        |            |            |            |            |             |             |             |
| Other assets                                                                  | 9,879                 |            |                   | 9,582      |            |            |            |            |             |             |             |
| Total assets                                                                  | $                     | 65,645     |                   |            | $          | 61,525     |            |            |             |             |             |
| LIABILITIES                                                                   |                       |            |                   |            |            |            |            |            |             |             |             |
| Current liabilities                                                           |                       |            |                   |            |            |            |            |            |             |             |             |
| Accounts payable                                                              | $                     | 6,468      |                   |            | $          | 6,849      |            |            |             |             |             |
| Commercial paper and other short-term borrowings                              | 1,819                 |            |                   | 2,085      |            |            |            |            |             |             |             |
| Current maturities of long-term debt                                          | 1,254                 |            |                   | 1,796      |            |            |            |            |             |             |             |
| Accrued liabilities                                                           | 6,947                 |            |                   | 7,809      |            |            |            |            |             |             |             |
| Total current liabilities                                                     | 16,488                |            |                   | 18,539     |            |            |            |            |             |             |             |
| Long-term debt                                                                | 22,183                |            |                   | 16,562     |            |            |            |            |             |             |             |
| Deferred income taxes                                                         | 2,063                 |            |                   | 2,094      |            |            |            |            |             |             |             |
| Postretirement benefit obligations other than pensions                        | 129                   |            |                   | 134        |            |            |            |            |             |             |             |
| Asbestos-related liabilities                                                  | 1,467                 |            |                   | 1,490      |            |            |            |            |             |             |             |
| Other liabilities                                                             | 6,263                 |            |                   | 6,265      |            |            |            |            |             |             |             |
| Redeemable noncontrolling interest                                            | 7                     |            |                   | 7          |            |            |            |            |             |             |             |
| SHAREOWNERS’ EQUITY                                                           |                       |            |                   |            |            |            |            |            |             |             |             |
| Capital—common stock issued                                                   | 958                   |            |                   | 958        |            |            |            |            |             |             |             |
| —additional paid-in capital                                                   | 9,353                 |            |                   | 9,062      |            |            |            |            |             |             |             |
| Common stock held in treasury, at cost                                        | (38,544)              |            |                   | (38,008)   |            |            |            |            |             |             |             |
| Accumulated other comprehensive income (loss)                                 | (4,048)               |            |                   | (4,135)    |            |            |            |            |             |             |             |
| Retained earnings                                                             | 48,735                |            |                   | 47,979     |            |            |            |            |             |             |             |
| Total Honeywell shareowners’ equity                                           | 16,454                |            |                   | 15,856     |            |            |            |            |             |             |             |
| Noncontrolling interest                                                       | 591                   |            |                   | 578        |            |            |            |            |             |             |             |
| Total shareowners’ equity                                                     | 17,045                |            |                   | 16,434     |            |            |            |            |             |             |             |
| Total liabilities, redeemable noncontrolling interest and shareowners’ equity | $                     | 65,645     |                   |            | $          | 61,525     |            |            |             |             |             |

---

| Column 1                                                                                | Column 2                     | Column 3   | Column 4   | Column 5   | Column 6   | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   |
|:----------------------------------------------------------------------------------------------------------------------|:-----------------------------|:-----------|:-----------|:-----------|:-----------|:-----------|:-----------|:-----------|:------------|:------------|:------------|
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
|                                                                                | Three Months Ended March 31, |            |            |            |            |            |            |            |             |             |             |
|                                                                                | 2024                         |            | 2023       |            |            |            |            |            |             |             |             |
|                                                                                | (Dollars in millions)        |            |            |            |            |            |            |            |             |             |             |
| Cash flows from operating activities                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Net income                                                                                | $                            | 1,475      |            |            | $          | 1,408      |            |            |             |             |             |
| Less: Net income attributable to noncontrolling interest                                                              | 12                           |            |            | 14         |            |            |            |            |             |             |             |
| Net income attributable to Honeywell                                                                                | 1,463                        |            |            | 1,394      |            |            |            |            |             |             |             |
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities |                              |            |            |            |            |            |            |            |             |             |             |
| Depreciation                                                                                | 166                          |            |            | 161        |            |            |            |            |             |             |             |
| Amortization                                                                                | 125                          |            |            | 122        |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Repositioning and other charges                                                                                | 93                           |            |            | 141        |            |            |            |            |             |             |             |
| Net payments for repositioning and other charges                                                                      | (124)                        |            |            | (41)       |            |            |            |            |             |             |             |
| NARCO Buyout payment                                                                                | —                            |            |            | (1,325)    |            |            |            |            |             |             |             |
| Pension and other postretirement income                                                                               | (151)                        |            |            | (136)      |            |            |            |            |             |             |             |
| Pension and other postretirement benefit payments                                                                     | (8)                          |            |            | (15)       |            |            |            |            |             |             |             |
| Stock compensation expense                                                                                | 53                           |            |            | 59         |            |            |            |            |             |             |             |
| Deferred income taxes                                                                                | 3                            |            |            | 225        |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Other                                                                                | (163)                        |            |            | (350)      |            |            |            |            |             |             |             |
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures                                |                              |            |            |            |            |            |            |            |             |             |             |
| Accounts receivable                                                                                | 53                           |            |            | (422)      |            |            |            |            |             |             |             |
| Inventories                                                                                | (140)                        |            |            | (238)      |            |            |            |            |             |             |             |
| Other current assets                                                                                | 64                           |            |            | 110        |            |            |            |            |             |             |             |
| Accounts payable                                                                                | (381)                        |            |            | 114        |            |            |            |            |             |             |             |
| Accrued liabilities                                                                                | (605)                        |            |            | (583)      |            |            |            |            |             |             |             |
| Net cash provided by (used for) operating activities                                                                  | 448                          |            |            | (784)      |            |            |            |            |             |             |             |
| Cash flows from investing activities                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Capital expenditures                                                                                | (233)                        |            |            | (193)      |            |            |            |            |             |             |             |
| Proceeds from disposals of property, plant and equipment                                                              | —                            |            |            | 11         |            |            |            |            |             |             |             |
| Increase in investments                                                                                | (238)                        |            |            | (226)      |            |            |            |            |             |             |             |
| Decrease in investments                                                                                | 155                          |            |            | 386        |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Receipts (payments) from settlements of derivative contracts                                                          | 43                           |            |            | (7)        |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
|                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Net cash used for investing activities                                                                                | (273)                        |            |            | (29)       |            |            |            |            |             |             |             |
| Cash flows from financing activities                                                                                |                              |            |            |            |            |            |            |            |             |             |             |
| Proceeds from issuance of commercial paper and other short-term borrowings                                            | 2,223                        |            |            | 4,105      |            |            |            |            |             |             |             |
| Payments of commercial paper and other short-term borrowings                                                          | (2,470)                      |            |            | (3,294)    |            |            |            |            |             |             |             |
| Proceeds from issuance of common stock                                                                                | 144                          |            |            | 37         |            |            |            |            |             |             |             |
| Proceeds from issuance of long-term debt                                                                              | 5,710                        |            |            | —          |            |            |            |            |             |             |             |
| Payments of long-term debt                                                                                | (573)                        |            |            | (1,363)    |            |            |            |            |             |             |             |
| Repurchases of common stock                                                                                | (671)                        |            |            | (699)      |            |            |            |            |             |             |             |
| Cash dividends paid                                                                                | (703)                        |            |            | (725)      |            |            |            |            |             |             |             |
| Other                                                                                | 36                           |            |            | (34)       |            |            |            |            |             |             |             |
| Net cash provided by (used for) financing activities                                                                  | 3,696                        |            |            | (1,973)    |            |            |            |            |             |             |             |
| Effect of foreign exchange rate changes on cash and cash equivalents                                                  | (40)                         |            |            | 28         |            |            |            |            |             |             |             |
| Net increase (decrease) in cash and cash equivalents                                                                  | 3,831                        |            |            | (2,758)    |            |            |            |            |             |             |             |
| Cash and cash equivalents at beginning of period                                                                      | 7,925                        |            |            | 9,627      |            |            |            |            |             |             |             |
| Cash and cash equivalents at end of period                                                                            | $                            | 11,756     |            |            | $          | 6,869      |            |            |             |             |             |

---

| Column 1                                                 | Column 2   | Column 3   | Column 4                     | Column 5   | Column 6                                        | Column 7   | Column 8   | Column 9   | Column 10   | Column 11   | Column 12   | Column 13   | Column 14   | Column 15   | Column 16   |
|:---------------------------------------------------------|:-----------|:-----------|:-----------------------------|:-----------|:------------------------------------------------|:-----------|:-----------|:-----------|:------------|:------------|:------------|:------------|:------------|:------------|:------------|
|                                                          |            |            |                              |            |                                                 |            |            |            |             |             |             |             |             |             |             |
|                                                          |            |            | Three Months Ended March 31, |            |                                                 |            |            |            |             |             |             |             |             |             |             |
|                                                          |            |            |                              | 2024       |                                                 | 2023       |            |            |             |             |             |             |             |             |             |
|                                                          |            |            |                              |            | (Dollars in millions, except per share amounts) |            |            |            |             |             |             |             |             |             |             |
| Product sales                                            |            |            |                              |            | $                                               | 6,263      |            |            | $           | 6,310       |             |             |             |             |             |
| Service sales                                            |            |            |                              |            | 2,842                                           |            |            | 2,554      |             |             |             |             |             |             |             |
| Net sales                                                |            |            |                              |            | 9,105                                           |            |            | 8,864      |             |             |             |             |             |             |             |
| Costs, expenses and other                                |            |            |                              |            |                                                 |            |            |            |             |             |             |             |             |             |             |
| Cost of products sold                                    |            |            |                              |            | 4,035                                           |            |            | 4,068      |             |             |             |             |             |             |             |
| Cost of services sold                                    |            |            |                              |            | 1,548                                           |            |            | 1,430      |             |             |             |             |             |             |             |
| Total Cost of products and services sold                 |            |            |                              |            | 5,583                                           |            |            | 5,498      |             |             |             |             |             |             |             |
| Research and development expenses                        |            |            |                              |            | 360                                             |            |            | 357        |             |             |             |             |             |             |             |
| Selling, general and administrative expenses             |            |            |                              |            | 1,302                                           |            |            | 1,317      |             |             |             |             |             |             |             |
| Other (income) expense                                   |            |            |                              |            | (231)                                           |            |            | (260)      |             |             |             |             |             |             |             |
| Interest and other financial charges                     |            |            |                              |            | 220                                             |            |            | 170        |             |             |             |             |             |             |             |
| Total costs, expenses and other                          |            |            |                              |            | 7,234                                           |            |            | 7,082      |             |             |             |             |             |             |             |
| Income before taxes                                      |            |            |                              |            | 1,871                                           |            |            | 1,782      |             |             |             |             |             |             |             |
| Tax expense                                              |            |            |                              |            | 396                                             |            |            | 374        |             |             |             |             |             |             |             |
| Net income                                               |            |            |                              |            | 1,475                                           |            |            | 1,408      |             |             |             |             |             |             |             |
| Less: Net income attributable to noncontrolling interest |            |            |                              |            | 12                                              |            |            | 14         |             |             |             |             |             |             |             |
| Net income attributable to Honeywell                     |            |            |                              |            | $                                               | 1,463      |            |            | $           | 1,394       |             |             |             |             |             |
| Earnings per share of common stock—basic                 |            |            |                              |            | $                                               | 2.24       |            |            | $           | 2.09        |             |             |             |             |             |
| Earnings per share of common stock—assuming dilution     |            |            |                              |            | $                                               | 2.23       |            |            | $           | 2.07        |             |             |             |             |             |

---

English News:
**Honeywell International Reports Robust Q1 Fiscal 2024 Results** Honeywell International Inc. commenced fiscal 2024 on a strong note, reporting notable growth in key financial metrics for the first quarter. Total sales reached $9.105 billion, marking a 3% increase year-over-year on both a reported and organic basis. The company's success was primarily driven by strong performances within its Aerospace Technologies and Energy and Sustainability Solutions segments. The firm's operating margin expanded by 130 basis points, settling at 20.4%, with Aerospace Technologies being a significant contributor. Furthermore, the segment margin saw a 20 basis point increase, reaching 22.2%. Honeywell also reported an adjusted earnings per share (EPS) of $2.25, reflecting a 9% year-over-year increase and surpassing consensus estimates. In terms of cash flow, Honeywell demonstrated significant improvements. Free cash flow rose to $215 million, a substantial improvement compared to the cash outflow of $977 million in the corresponding period last year. This translates to a 22% year-over-year increase in net cash from operating activities. The company's cash and cash equivalents showed a promising surge, increasing from $7.925 billion at the end of December 2023 to $11.756 billion by the close of March 2024. This growth occurred despite an investment of $1.6 billion directed towards share repurchases, dividends, and capital expenditures. In addition, Honeywell's backlog reached an all-time high of $32 billion, indicating a 6% increase year-over-year, highlighting robust long-cycle customer demand. Overall, Honeywell's first-quarter performance in fiscal 2024 lays a solid foundation for the rest of the year, underpinned by strategic capital deployment and strength in key business segments.

Chinese News:
楼控末端产品市场排名 2022年楼控末端市场规模为35.6亿元，其中Top5企业依次为霍尼韦尔、西门子、海林自控、江森自控、搏力谋，占比合计约48.6%。

Japanese News:
ハネウェル・インターナショナル（HON）は、2024年度第1四半期（1～3月）の業績を発表し、増収・最終増益を達成しました。 第1四半期の業績： 売上高: 91億500万ドル、前年同期比2.7％増 純利益: 14億7500万ドル、前年同期比4.8％増 1株利益（EPS・希薄化後）: 2.23ドル、前年同期の2.07ドルから増加 これらの結果は、ハネウェルの安定した成長を反映しており、同社の業績が順調に推移していることを示しています。

Spanish News:
Honeywell International Inc. (NASDAQ: HON) reportó un beneficio por acción de 2,25 dólares en el primer trimestre, superando el consenso de los analistas de 2,17 dólares, y unos ingresos de 9.100 millones de dólares, que también estuvieron por encima de las expectativas de 9.030 millones de dólares. En respuesta a estos resultados, las acciones de Honeywell subieron un 2,94%, lo que refleja una reacción positiva por parte del mercado. Resultados clave del primer trimestre: Beneficio por acción (BPA): 2,25 dólares, superando las previsiones de 2,17 dólares. Ingresos: 9.100 millones de dólares, por encima de los 9.030 millones de dólares esperados. Crecimiento de ventas: Aumento del 3% en ventas tanto declaradas como orgánicas, en comparación con el mismo trimestre del año anterior. Margen operativo: Mejoró en 130 puntos básicos, alcanzando el 20,4%. Margen de segmento: Aumentó 20 puntos básicos, alcanzando el 22,2%. Cartera de pedidos y perspectivas futuras: La cartera de pedidos de Honeywell creció un 6% interanual, alcanzando un récord de 32.000 millones de dólares, impulsada por 10.200 millones de dólares en nuevos pedidos. Esto refleja una fuerte demanda en sectores clave, como la aviación comercial y la defensa y el espacio. Declaraciones de Vimal Kapur, CEO de Honeywell: Vimal Kapur, presidente y CEO de Honeywell, comentó: "Honeywell ha tenido un buen comienzo en 2024. El crecimiento orgánico estuvo impulsado por un crecimiento de dos dígitos en nuestros negocios de aviación comercial y defensa y espacio." Atribuyó el sólido desempeño a una combinación de recuperación en los mercados y acciones estratégicas de productividad que permitieron la expansión de los márgenes y el aumento de los beneficios ajustados por acción. Proyecciones para 2024: Ventas proyectadas: Entre 38.100 millones y 38.900 millones de dólares, con un crecimiento orgánico de entre el 4% y el 6%. Margen de segmento: Entre el 23,0% y el 23,3%, con una expansión de 30 a 60 puntos básicos. BPA ajustado: Entre 9,80 y 10,10 dólares, lo que supone un aumento del 7% al 10%. Flujo de caja operativo: Entre 6.700 y 7.100 millones de dólares, con un flujo de caja libre de entre 5.600 y 6.000 millones de dólares. El punto medio de la previsión de BPA ajustado para todo el año es de 9,95 dólares, lo que está en línea con las expectativas de los analistas, sugiriendo que las perspectivas financieras de Honeywell coinciden con las predicciones del mercado.

Greek News:
Η Honeywell Corporation ανακοίνωσε αποτελέσματα πρώτου τριμήνου με θετικό πρόσημο, σημειώνοντας ετήσια αύξηση 2,7% στις καθαρές πωλήσεις, οι οποίες διαμορφώθηκαν στα 9,105 δισεκατομμύρια δολάρια έναντι 8,864 δισεκατομμυρίων το αντίστοιχο τρίμηνο του 2023. Η αύξηση αποδίδεται κυρίως στη βελτιωμένη απόδοση των πωλήσεων προϊόντων και υπηρεσιών. Κεντρικός μοχλός ανάπτυξης υπήρξε ο τομέας της Αεροδιαστημικής, ο οποίος σημείωσε εντυπωσιακή άνοδο 18% σε ετήσια βάση. Αντίθετα, οι τομείς Βιομηχανίας και Αυτοματισμού Κτιρίων κατέγραψαν υποχώρηση, αντανακλώντας ενδεχομένως τις προκλήσεις που αντιμετωπίζουν συγκεκριμένοι βιομηχανικοί κλάδοι. Τα καθαρά κέρδη της εταιρείας αυξήθηκαν στα 1,475 δισεκατομμύρια δολάρια, έναντι 1,408 δισεκατομμυρίων το πρώτο τρίμηνο του προηγούμενου έτους. Τα κέρδη ανά μετοχή διαμορφώθηκαν στα 2,23 δολάρια, υπερβαίνοντας τις προβλέψεις της αγοράς και ενισχύοντας τη χρηματοοικονομική εικόνα της εταιρείας.

Question:
What is the company’s strategy on navigating maintaining profit margins from the news? Please quote all the relevant financial information from the financial statements supporting the finding(s), if any.

Answer:

Question: What is the company’s strategy on navigating maintaining profit margins from the news? Please quote all the relevant financial information from the financial statements supporting the finding(s), if any.