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DEBT AND CREDIT AGREEMENTS | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
DEBT AND CREDIT AGREEMENTS | DEBT AND CREDIT AGREEMENTS
| June 30, 2025 |  | December 31, 2024
1.35% notes due 2025 | $ | — |  |  | $ | 1,250 |
2.50% notes due 2026 | 1,500 |  |  | 1,500 |
1.10% notes due 2027 | 1,000 |  |  | 1,000 |
3.50% euro notes due 2027 | 754 |  |  | 675 |
4.65% notes due 2027 | 1,150 |  |  | 1,150 |
4.95% notes due 2028 | 500 |  |  | 500 |
2.25% euro notes due 2028 | 870 |  |  | 779 |
4.25% notes due 2029 | 750 |  |  | 750 |
2.70% notes due 2029 | 750 |  |  | 750 |
4.875% notes due 2029 | 500 |  |  | 500 |
4.70% notes due 2030 | 1,000 |  |  | 1,000 |
3.375% euro notes due 2030 | 870 |  |  | 779 |
1.95% notes due 2030 | 1,000 |  |  | 1,000 |
4.95% notes due 2031 | 500 |  |  | 500 |
1.75% notes due 2031 | 1,500 |  |  | 1,500 |
4.75% notes due 2032 | 650 |  |  | 650 |
0.75% euro notes due 2032 | 580 |  |  | 519 |
3.75% euro notes due 2032 | 580 |  |  | 519 |
5.00% notes due 2033 | 1,100 |  |  | 1,100 |
4.50% notes due 2034 | 1,000 |  |  | 1,000 |
4.125% euro notes due 2034 | 1,160 |  |  | 1,039 |
5.00% notes due 2035 | 1,450 |  |  | 1,450 |
3.75% euro notes due 2036 | 870 |  |  | 779 |
5.70% notes due 2036 | 441 |  |  | 441 |
5.70% notes due 2037 | 462 |  |  | 462 |
5.375% notes due 2041 | 417 |  |  | 417 |
3.812% notes due 2047 | 442 |  |  | 442 |
2.80% notes due 2050 | 750 |  |  | 750 |
5.25% notes due 2054 | 1,750 |  |  | 1,750 |
5.35% notes due 2064 | 650 |  |  | 650 |
4.37% term loan due 2027 | 1,000 |  |  | 1,000 |
One month term SOFR plus 0.875% term loan due 2027 | 4,000 |  |  | — |
6.625% debentures due 2028 | 201 |  |  | 201 |
9.065% debentures due 2033 | 51 |  |  | 51 |
Industrial development bond obligations, floating rate maturing at various dates through 2037 | 22 |  |  | 22 |
Other (including finance leases), 3.5% weighted average interest rate maturing at various dates through 2031 | 408 |  |  | 390 |
Fair value of hedging instruments | (87) |  |  | (136) |
Debt issuance costs | (300) |  |  | (303) |
Total Long-term debt and current related maturities | 30,241 |  |  | 26,826 |
Less: Current maturities of long-term debt | 74 |  |  | 1,347 |
Total Long-term debt | $ | 30,167 |  |  | $ | 25,479 |
Commercial Paper and Other Short-Term Borrowings As of June 30, 2025, the Company had $6.3 billion of Commercial paper and other short-term borrowings outstanding at a weighted average interest rate of 4.09%. As of December 31, 2024, the Company had $4.3 billion of Commercial paper and other short-term borrowings outstanding at a weighted average interest rate of 4.22%. Term Loan Agreements On May 7, 2025, the Company entered into a Delayed Draw Term Loan Agreement (the Term Loan Agreement). The Term Loan Agreement provides for a delayed draw term loan facility of an aggregate principal amount of up to $6.0 billion comprised of two tranches: (i) commitments to provide loans in an aggregate principal amount of up to $4.0 billion (Tranche A-1) and (ii) commitments to provide loans in an aggregate amount of up to $2.0 billion (Tranche A-2). On May 30, 2025, the Company borrowed $4.0 billion under Tranche A-1, which remained outstanding as of June 30, 2025. Commitments to provide Tranche A-2 will expire on December 19, 2025. Interest rates on the term loans under each tranche will be based on prevailing market rates, plus a margin, in addition to a commitment fee on unused amounts. Amounts borrowed under the Term Loan Agreement are required to be paid no later than May 7, 2027, unless the Term Loan Agreement is terminated earlier pursuant to its terms. The Term Loan Agreement is maintained for general corporate purposes and provides financial flexibility as the Company manages the separation of its Automation, Aerospace Technologies, and Advanced Materials businesses into three independent public companies. On July 1, 2025, the Company repaid its €196 million ($230 million) Euro Term Loan Credit Agreement due 2026, which is included within the Other (including financing leases) caption in the table above. Revolving Credit Agreements On March 17, 2025, the Company entered into a $3.0 billion 364-day credit agreement (the 364-Day Credit Agreement). The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of March 18, 2024, which was terminated in accordance with its terms effective March 17, 2025. Amounts borrowed under the 364-Day Credit Agreement are due no later than March 16, 2026, unless (i) Honeywell elects to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on March 16, 2027, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 364-Day Credit Agreement is maintained for general corporate purposes. The Company also maintains a $4.0 billion amended and restated five-year credit agreement dated as of March 18, 2024 (the Five-Year Credit Agreement) for general corporate purposes. Commitments under the Five-Year Credit Agreement can be increased pursuant to the terms of the Five-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. As of June 30, 2025, there were no outstanding borrowings under the 364-Day Credit Agreement or the Five-Year Credit Agreement.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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