HON · 10-Q/A · 2026Q2 · Full report

Cash Flow and Capital Allocation

HONEYWELL INTERNATIONAL INC · 2026-07-24 · Importance 54 · Surprise 74 · In source text

Operating cash flow from continuing operations was $1.916 billion in the first six months of 2026, down $816 million year over year because divestiture-related cash payments increased by approximately $800 million. Honeywell spent $538 million on capital expenditures and paid $1.576 billion of cash dividends during the period. Financing activities included $1.000 billion of common-stock repurchases, $13.187 billion of long-term-debt payments, and $3.413 billion of net commercial-paper repayments. Pre-separation funding related to the Aerospace Spin-Off provided $15.835 billion and partially offset those financing outflows.

Key facts

• Net cash used for financing activities was driven by $13,187 million of payments of long-term debt, $3,413 million of net payments of commercial paper, $1,576 million of cash dividends paid, and $1,000 million of repurchases of common stock, partially offset by $15,835 million of pre-separation funding related to the Aerospace Spin-Off. source
• During the six months ended June 30, 2026, the Company repurchased common stock of $1.0 billion. source
• Net cash used for investing activities from continuing operations was driven by $538 million of capital expenditures and the deconsolidation of $623 million of Quantinuum cash, partially offset by $127 million of net cash receipts from settlements of derivative contracts. source
• Cash and cash equivalents at beginning of period for six months ended June 30, 2026 were $12,487 million and at end of period were $8,751 million. source
• Net cash provided by operating activities from continuing operations was driven by operating income from continuing operations of $3,211 million, partially offset by changes in working capital of $863 million and payments for divestiture-related costs of approximately $800 million, net interest payments of $482 million, and the Flexjet litigation settlement payment of $375 million. source
• During the six months ended June 30, 2026 net cash provided by operating activities from continuing operations decreased by $816 million compared with the six months ended June 30, 2025, driven by cash payments resulting from an approximately $800 million increase in payments for divestiture-related costs. source
• Net cash used for financing activities for the six months ended June 30, 2026 was $3,246 million. source
• Net cash provided by operating activities from continuing operations for the six months ended June 30, 2026 was $1,916 million. source

Impact estimates