HON · 10-Q · 2026Q3 · Full report

Quantinuum IPO

HONEYWELL INTERNATIONAL INC · 2026-10-22 · Importance 71 · Surprise 60

Quantinuum, formerly a consolidated Honeywell subsidiary, completed its initial public offering on June 4, 2026. Following the IPO, Honeywell retained a 48% noncontrolling ownership interest. Honeywell now accounts for Quantinuum using the equity method rather than consolidating it. The deconsolidation resulted in a $6,629 million gain during the nine months ended September 30, 2026 and reduced consolidated cash by $623 million through the deconsolidation of Quantinuum cash.