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AI English summary of an SEC filing — figures as filed

Honeywell logoHoneywell HON

The company said it formed two new business segments, Industrial Automation and Energy and Sustainability Solutions, effective Q1 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said it formed two new business segments, Industrial Automation and Energy and Sustainability Solutions, effective Q1 2024.

  2. Honeywell said Industrial Automation includes Sensing and Safety Technologies, Productivity Solutions and Services, Warehouse and Workflow Solutions, and Process Solutions, while Energy and Sustainability Solutions includes UOP and Advanced Materials.

  3. The company said it renamed Aerospace and Honeywell Building Technologies as Aerospace Technologies and Building Automation, and that its reportable business segments are now Aerospace Technologies, Building Automation, Industrial Automation, and Energy and Sustainability Solutions, a total of four.

  4. The company said Exhibit 99.1 recasts segment information in certain items of its Form 10-K for the year ended December 31, 2023, and that this is not a restatement of previously issued financial statements. It said the realignment had no impact on its consolidated financial position, results of operations, or cash flows.

Summary

AI-written

Analysis scope · Filing body only (exhibits excluded)We analyzed the filing body only. The exhibits exceeded the length limit and were excluded, so figures, financial statements and presentation materials in them were not reviewed.

Business realignment effective Q1 2024

The company said it formed two new business segments, Industrial Automation and Energy and Sustainability Solutions, effective Q1 2024.

Source · Based on the filing body (exhibits excluded)

Businesses included in the new segments

Honeywell said Industrial Automation includes Sensing and Safety Technologies, Productivity Solutions and Services, Warehouse and Workflow Solutions, and Process Solutions, while Energy and Sustainability Solutions includes UOP and Advanced Materials.

Source · Based on the filing body (exhibits excluded)

Renamed segments and four segments after realignment

The company said it renamed Aerospace and Honeywell Building Technologies as Aerospace Technologies and Building Automation, and that its reportable business segments are now Aerospace Technologies, Building Automation, Industrial Automation, and Energy and Sustainability Solutions, a total of four.

Source · Based on the filing body (exhibits excluded)

Scope of segment recast and no restatement

The company said Exhibit 99.1 recasts segment information in certain items of its Form 10-K for the year ended December 31, 2023, and that this is not a restatement of previously issued financial statements. It said the realignment had no impact on its consolidated financial position, results of operations, or cash flows.

Source · Based on the filing body (exhibits excluded)

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.