HON · 10-Q · 2026Q3 · Full report
Cash Flow and Capital Allocation
HONEYWELL INTERNATIONAL INC · 2026-10-22 · Importance 64 · Surprise 42 · Contradicted
Operating cash flow was $5,204 million in the first nine months of 2026, while investing cash flow used $1,221 million for continuing operations. Continuing-operations investing included $1,763 million of acquisition payments and $369 million of capital expenditures, partly offset by $1,454 million of business-sale proceeds. Financing cash outflows included $14,688 million of long-term debt repayments, $3,469 million of net commercial-paper repayments, $1,816 million of dividends, $1,000 million of share repurchases, and $1,000 million of Spin-Off cash. Honeywell also received $15,835 million of pre-separation funding related to the Aerospace Spin-Off.
Key facts
- Net cash provided by operating activities decreased by $4,461 million year-over-year for the nine months ended September 30, 2026, driven by reclassification of Aerospace cash and receipt of a $1,590 million Resideo payment in 2025. source
- Net cash used for investing activities from continuing operations for the nine months ended September 30, 2026 was driven by $1,763 million of cash paid for acquisitions, deconsolidation of $623 million of Quantinuum cash and $369 million of capital expenditures, partially offset by $1,454 million of proceeds from sale of businesses. source
- During the nine months ended September 30, 2026, Honeywell repurchased common stock of $1.0 billion. source
- Net cash used for investing activities from continuing operations decreased by $618 million year-over-year due in part to a $526 million net increase in cash receipts from settlement of derivative contracts and a $438 million decrease in cash paid for acquisitions, partially offset by deconsolidation of $623 million of Quantinuum cash. source
- Cash and cash equivalents at end of period per cash flow summary was $5,694 million for the nine months ended September 30, 2026. source
- Net cash provided by operating activities for the nine months ended September 30, 2026 was $5,204 million. source
- Cash spending related to repositioning actions was $115 million in the nine months ended September 30, 2026 and was funded through operating cash flows. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +9.8% | Net cash provided by operating activities for the nine months ended September 30, 2026 was $5,204 million. |
| cash | negative | realized | -8.4% | Net cash provided by operating activities decreased by $4,461 million year-over-year for the nine months ended September 30, 2026, driven… |
| cash | negative | realized | -1.9% | During the nine months ended September 30, 2026, Honeywell repurchased common stock of $1.0 billion. |
| cash | negative | realized | -1.2% | Net cash used for investing activities from continuing operations for the nine months ended September 30, 2026 was driven by $1,763… |
| cash | positive | realized | +1.2% | Net cash used for investing activities from continuing operations decreased by $618 million year-over-year due in part to a $526 million… |
| cash | negative | realized | -0.7% | Net cash used for investing activities from continuing operations for the nine months ended September 30, 2026 was driven by $1,763… |