Proceeds from sales of businesses, net of fees paid

[TABLE OF CONTENTS](#i72efc1fa764e42bfa26060268f6277f4_7)HONEYWELL INTERNATIONAL INC.CONSOLIDATED STATEMENT OF CASH FLOWS(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | Nine Months Ended September 30, |
|   | 2022 |  | 2021 |
|   | (Dollars in millions) |
| Cash flows from operating activities: |   |  |   |
| Net income | $ | 3,946  |  |  | $ | 4,168  |  |
| Less: Net income (loss) attributable to the noncontrolling interest | (1) |  |  | 54  |  |
| Net income attributable to Honeywell | 3,947  |  |  | 4,114  |  |
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: |  |  |  |
| Depreciation | 494  |  |  | 506  |  |
| Amortization | 411  |  |  | 427  |  |
| Gain on sale of non-strategic businesses and assets | (10) |  |  | (95) |  |
| Repositioning and other charges | 714  |  |  | 338  |  |
| Net payments for repositioning and other charges | (316) |  |  | (505) |  |
| Pension and other postretirement income | (778) |  |  | (862) |  |
| Pension and other postretirement benefit payments | (14) |  |  | (29) |  |
| Stock compensation expense | 163  |  |  | 172  |  |
| Deferred income taxes | 208  |  |  | 189  |  |
|  |  |  |  |
| Other | 200  |  |  | (106) |  |
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures: |  |  |  |
| Accounts receivable | (660) |  |  | (419) |  |
| Inventories | (390) |  |  | (516) |  |
| Other current assets | 125  |  |  | (324) |  |
| Accounts payable | (365) |  |  | 379  |  |
| Accrued liabilities | (821) |  |  | 106  |  |
| Net cash provided by operating activities | 2,908  |  |  | 3,375  |  |
| Cash flows from investing activities: |  |  |  |
| Expenditures for property, plant and equipment | (525) |  |  | (614) |  |
| Proceeds from disposals of property, plant and equipment | 11  |  |  | 18  |  |
| Increase in investments | (834) |  |  | (1,989) |  |
| Decrease in investments | 884  |  |  | 1,906  |  |
| Receipts from Garrett Motion Inc. | 409  |  |  | 375  |  |
| Receipts from settlements of derivative contracts | 773  |  |  | 88  |  |
| Cash paid for acquisitions, net of cash acquired | (178) |  |  | (1,334) |  |
| Proceeds from sales of businesses, net of fees paid | —  |  |  | 203  |  |
| Net cash provided by (used for) investing activities | 540  |  |  | (1,347) |  |
| Cash flows from financing activities: |  |  |  |
| Proceeds from issuance of commercial paper and other short-term borrowings | 5,310  |  |  | 3,640  |  |
| Payments of commercial paper and other short-term borrowings | (5,324) |  |  | (3,637) |  |
| Proceeds from issuance of common stock | 121  |  |  | 171  |  |
| Proceeds from issuance of long-term debt | 2  |  |  | 2,509  |  |
| Payments of long-term debt | (1,818) |  |  | (3,355) |  |
| Repurchases of common stock | (2,827) |  |  | (2,499) |  |
| Cash dividends paid | (2,028) |  |  | (1,950) |  |
| Other | (45) |  |  | (74) |  |
| Net cash used for financing activities | (6,609) |  |  | (5,195) |  |
| Effect of foreign exchange rate changes on cash and cash equivalents | (349) |  |  | (21) |  |
| Net decrease in cash and cash equivalents | (3,510) |  |  | (3,188) |  |
| Cash and cash equivalents at beginning of period | 10,959  |  |  | 14,275  |  |
| Cash and cash equivalents at end of period | $ | 7,449  |  |  | $ | 11,087  |  |

  
  
The Notes to Consolidated Financial Statements are an integral part of this statement.  
4 Honeywell International Inc. 
