Honeywell’s latest release shows a major portfolio reset, with the company moving several businesses in and out of the mix while also reshaping its balance sheet and capital structure.
The biggest transaction disclosed was the sale of the personal protective equipment business, which was classified as a disposal group held for sale at the end of 2024 and then marked as disposed of by sale in 2025. Honeywell also identified the planned spin-off of Solstice, with the business appearing as a spinoff member in 2025. In addition, the company flagged multiple recent deal-related additions to its portfolio, including Sundyne, CAES Systems Holdings, Civitanavi Systems, Carrier Global’s global access solutions business, Air Products’ LNG process technology and equipment business, and Johnson Matthey’s catalyst technologies business segment.
On the operating side, Honeywell’s filing lays out three-year segment structures for Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. Within Aerospace Technologies, the company broke out commercial aviation original equipment, commercial aviation aftermarket, and defense services. Building Automation was split between building products and building solutions, while Process Automation and Technology included projects and aftermarket. Industrial Automation was organized around products and solutions.
The filing also shows Honeywell managing several long-lived and special-purpose categories tied to its portfolio changes, including product and service lines, discontinued operations, and disposal groups held for sale. For 2025, those classifications include product and service members, transferred-at-point-in-time and transferred-over-time revenue categories, and separate treatment for discontinued operations and businesses held for sale.
On the balance sheet, Honeywell’s filing lists current accounts payable, accrued liabilities, and long-term debt and capital lease obligations, along with noncurrent other liabilities and other assets. It also identifies property, plant and equipment and finance lease right-of-use assets after depreciation and amortization, plus current and noncurrent debt components. The company’s equity section includes common stock, additional paid-in capital, treasury stock, retained earnings, accumulated other comprehensive income, and noncontrolling interests, each tracked across 2023, 2024, and 2025 periods.
The release also references environmental liabilities and asbestos-related liabilities, along with other nonoperating income or expense, indicating those items remain part of Honeywell’s reported financial structure as it continues to reorganize its business mix. Today the company's shares have moved -0.28% to a price of $225.17. If you want to know more, read the company's complete 8-K report here.
