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<table border="0" cellpadding="0" style="width: 100%; margin:0pt; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="vertical-align: top"> <td style="width: 21.6pt">1.</td> <td>Description of the Plan</td></tr> </table> General The Honeywell Puerto Rico Savings Plan (the “Plan”) is a defined contribution plan for certain employees of Honeywell International Inc. (“Honeywell” or the “Company”), ADI of Puerto Rico, Inc. and Honeywell Aerospace de Puerto Rico, Inc. (together with the Company, the “Employer”). It is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended, (“ERISA”) and the Puerto Rico (“PR”) Internal Revenue Code of 2011, as amended in Section 1081.01 (“PR Code”). The following represents a summary of key provisions of the Plan but does not purport to be complete and is qualified in its entirety by the terms of the Plan. Participants should refer to the Plan document for a more complete description of the Plan’s provisions. Administration The Company’s Vice President – Global Total Rewards is the Plan Administrator and has full discretionary authority and power to control and manage the administrative aspects of the Plan, including, but not limited to, the power to adopt rules of procedure and regulations necessary for the proper and efficient administration of the Plan and the power to enforce the terms of the Plan it adopts. The Savings Plan Investment Committee has the full power and discretionary authority to manage the investments of the Plan, including but not limited to the power to appoint and remove trustees and monitor trustee performance. The trustee and custodian of the Plan is The Northern Trust Company (the “Trustee”). The trustee of the Plan is Banco Popular de Puerto Rico (the “Trustee”) and the custodian of the Plan is The Northern Trust Company (the “Custodian”). Administration services for the Plan are provided by Fidelity Investments Institutional Operations Company. The Plan has a Puerto Rico based trust (“the Honeywell Puerto Rico Savings Plan Trust”) that participates and invests the Plan’s assets in the Honeywell Savings and Ownership Plan Master Trust. Contributions and Vesting Participants may elect to contribute from 1 percent to 30 percent before-tax of their “base pay” and also 1 percent to 10 percent after-tax of their “base pay” as defined in the Plan document during each pay period, subject to certain restrictions for “highly compensated employees”, as defined in the Plan document. Contributions are permitted to be made either on a before-tax or after-tax basis, or a combination of both, and may be directed into any investment option available within the Plan. The investment options for participants consist of white-labeled, multi-managed funds that are proprietary to the Plan. In addition to regular before-tax or after-tax contributions, eligible participants may also contribute up to $1,500 per year in catch-up contributions if they are or will attain age 50 by December 31st of the respective plan year and are contributing at least 10 percent on a before-tax basis to the Plan or have contributed the maximum regular before-tax contributions to the Plan. The Company matches up to 52.50 percent of the first 6 percent of base pay that the participant contributes to the Plan (excluding rollover and catch-up contributions). The Company’s matching contributions are initially invested in the Honeywell Common Stock Fund. Vested participants may subsequently direct such matching contributions into any investment option available within the Plan. Employer matching contributions are made annually in a lump sum by the end of the January following the calendar year-end. Participants must be actively employed on December 15th, and if not, disabled or deceased to receive the annual match. There is no minimum service requirement to receive the annual match. Accordingly, the Statement of Net Assets Available for Benefits at December 31, 2025 and Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2025 include $2,345,000 for company matching contributions earned in 2025 and paid by the Company to the Plan in January 2026. Participants have a full and immediate vested interest in the portion of their accounts contributed by them and the earnings on such contributions. A participant will become 100 percent vested in any Employer contributions upon completion of three years of vesting service or upon attainment of age 65 while an employee of the Employer or an affiliated company. In addition, a participant’s account will become 100 percent vested if the participant’s termination with the Employer or an affiliated company was due to any one of the following (i) retirement under the terms of an Employer pension plan in whichthe participant participates; (ii) disability (as defined under the plan provisions); (iii) death; (iv) a reduction in force or layoff (as determined by the Employer); or (v) a participant’s business unit is sold or divested (in the Plan Administrator’s sole discretion). A participant will also become 100 percent vested in any Employer contributions in the event the Employer permanently discontinues contributions to or terminates the Plan. Participant Accounts Each participant’s account is credited with the participant’s contribution and allocations of (1) the Employer’s matching contribution, if applicable, and (2) investment earnings, and charged with an allocation of investment losses and certain administrative expenses that are not paid by the Company. The allocation is based on participants’ account balances as defined in the Plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. Notes Receivable from Participants No new loans are permitted from the Plan. There were no loans outstanding at December 31, 2025. Interest rates for loans outstanding at December 31, 2024 were approximately 4.25%. Termination Although it has not expressed any intent to do so, the Employer has the right under the Plan document to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of a partial or full Plan termination, all Plan funds must be used in accordance with the terms of the Plan. Distribution of Benefits Upon termination of service with the Employer, if a participant’s vested account balance is $1,000 or less (including any rollover contributions), the entire vested amount in the participant’s account shall be distributed to the participant in a single payment, without his or her consent, unless the participant affirmatively elects to have the benefit rolled over to an eligible retirement plan. If the participant’s vested account balance exceeds $1,000 (excluding any rollover contributions), the balance in the account will remain in the Plan and shall be distributed (1) at the participant’s request, or (2) upon the participant’s death, whichever is earlier. When a participant dies, if his or her spouse is the beneficiary, the spouse may remain in the Plan until December 31 of the calendar year following the calendar year of the participant’s death. If the value of the participant’s account is $1,000 or less, the entire amount in the participant’s account is distributed in a single payment to the participant’s beneficiary(ies) as soon as administratively practicable following confirmation of the participant’s death. The Plan has implemented certain requirements by the Puerto Rico Internal Revenue Code of 2011, which laws change the Plan to, among others, allow certain eligible individuals to receive coronavirus-related relief for Disaster Relief Distributions. Written amendments to the Plan to reflect these operational changes will be adopted at a later date in accordance with applicable law and Internal Revenue Service guidance. Forfeitures Forfeitures of the Employer’s contributions and earnings thereon due to terminations and withdrawals reduce contributions otherwise due from the Employer, as permitted by the Plan. Employer contributions made to the Plan were reduced by approximately $43,800 for the year ended December 31, 2025, due to forfeited nonvested accounts. The balance of forfeitures was $43,547 and $32,886 at December 31, 2025 and 2024 respectively.

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32886

Basis of AccountingThe financial statements of the Plan are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) using the accrual basis of accounting.

Use of EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Investment ValuationThe Plan’s assets are held in the Honeywell Savings and Ownership Plan Master Trust (“Master Trust”) along with the assets of the Honeywell 401(k) Plan, the Honeywell Secured Benefit Plan and the Intermec FSSP Spinoff Plan. The Plan’s investment in the Master Trust represents the Plan’s interest in the net assets of the Master Trust for investment and administrative purposes. The Plan’s interest in the Master Trust is stated at fair value.

Notes Receivable from ParticipantsNotes receivable from participants are valued at unpaid principal balance cost plus accrued unpaid interest.

ContributionsEmployee contributions are recorded when withheld and employer matching contributions when earned

Payment of BenefitsWithdrawals and distributions to participants are recorded when paid.

ExpensesCertain expenses relating to the administration of the Master Trust and managing the investment funds established thereunder are borne by certain businesses of the Employer, not by the participating Plan.

<table border="0" cellpadding="0" style="width: 100%; margin:0pt; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="vertical-align: top"> <td style="width: 21.6pt">4.</td> <td>Interest in Honeywell Savings and Ownership Plan Master Trust</td></tr> </table> The Plan’s investments are held in the Master Trust, which is commingled with the assets of the Honeywell 401(k) Plan, the Honeywell Secured Benefit Plan and the Intermec FSSP Spinoff Plan. Each participating plan’s interest in the Master Trust is divided based on the participants’ investment elections. The allocation of income and expenses is based upon each plan’s specific interests in the underlying plan investments, which are based upon participant-direction and Company direction of the investments. The interest and dividends and the net depreciation or appreciation in the fair value of investments are allocated to the individual accounts on a daily basis based upon the individual accounts’ equitable share of the various investment funds that comprise the Master Trust. The total interest of the Plan is determined as the sum of the individual account balances of the Plan.The Master Trust and the Plan’s interest in the Master Trust is comprised of the following types of investments, at fair value, as of December 31, 2025: <table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="6" style="text-align: center; border-bottom: Black 1px solid">2025</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; white-space: nowrap;"> </td><td style="font-weight: bold; white-space: nowrap;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid; white-space: nowrap;">Master Trust Balances</td><td style="font-weight: bold; border-bottom: Black 1px solid; white-space: nowrap;"> </td><td style="font-weight: bold; white-space: nowrap;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid; white-space: nowrap;">Plan’s Interest in Master Trust Balances</td><td style="font-weight: bold; border-bottom: Black 1px solid; white-space: nowrap;"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="7" style="font-style: italic; text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="6" style="font-style: italic; text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="width: 71%; text-align: left; text-indent: 0pt">Collective Trust Funds</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: right; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">10,416</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: right; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">69</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Exchange Traded Funds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">18</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: 0pt">Honeywell Common Stock</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">3,315</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">23</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Common Stocks (Separately Managed Portfolios)</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1,234</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: 0pt">Asset Backed Securities</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">279</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Bank Deposits</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">311</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: 0pt">Commercial Mortgage Backed Securities</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Corporate Bonds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: 0pt">U.S. Government and Federal Agencies</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">174</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Municipal Bonds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-indent: 0pt">Non-US Government</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">47</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Commercial Paper</td><td> </td> <td style="text-align: right; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">292</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: right; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Cash & Cash Equivalents</td><td> </td> <td style="text-align: right; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px">37</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px">1</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 10pt">Total Investments, at fair value</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">16,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">111</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt"> </td><td> </td> <td style="text-align: right; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Net assets of the Master Trust</td><td> </td> <td style="text-align: right; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">16,707</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: right; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">111</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table> The Master Trust and the Plan’s interest in the Master Trust is comprised of the following types of investments, at fair value, as of December 31, 2024: <table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="6" style="text-align: center; border-bottom: Black 1px solid">2024</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; white-space: nowrap;"> </td><td style="font-weight: bold; white-space: nowrap;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid; white-space: nowrap;">Master Trust Balances</td><td style="font-weight: bold; border-bottom: Black 1px solid; white-space: nowrap;"> </td><td style="font-weight: bold; white-space: nowrap;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid; white-space: nowrap;">Plan’s Interest in Master Trust Balances</td><td style="font-weight: bold; border-bottom: Black 1px solid; white-space: nowrap;"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="7" style="font-style: italic; text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="7" style="font-style: italic; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="width: 71%; text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Collective Trust Funds</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: right; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">8,922</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: right; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">52</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Exchange Traded Funds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">305</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Honeywell Common Stock</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">3,804</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">22</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Common Stocks (Separately Managed Portfolios)</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1,424</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">8</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Asset Backed Securities</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">293</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Bank Deposits</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">425</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Commercial Mortgage Backed Securities</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Corporate Bonds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">602</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">3</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">U.S. Government and Federal Agencies</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">58</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10.8pt; padding-left: 10.8pt">Non-US Government</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">127</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Commercial Paper</td><td> </td> <td style="text-align: right; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">256</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: right; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">1</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Total Investments, at fair value</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">16,223</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">93</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Net assets of the Master Trust</td><td> </td> <td style="text-align: right; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">16,223</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: right; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">93</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table>The Master Trust’s net appreciation and investment income for the year-ended December 31, 2025 is as follows: <table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">2025</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="3" style="font-style: italic; text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center"> </td><td style="font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="width: 86%; text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Net appreciation in fair value of investments</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">1,376</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Dividend and interest income</td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">155</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Total investment income and net appreciation</td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">1,531</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table> Investment Valuation and Income Recognition – Master Trust Master Trust investments are stated at fair value. Interest income is recorded on the accrual basis, and dividend income is recorded on the ex-dividend date. Purchases and sales of securities are recorded on a trade-date basis. Net appreciation/(depreciation) consists of both realized gains/(losses) on investments bought, sold and matured, as well as the change in unrealized gains/(losses) on investments held during the year. From time to time, investment managers may use derivative financial instruments including foreign exchange forward and futures contracts. Derivative instruments are used primarily to mitigate exposure to foreign exchange rate and interest rate fluctuations as well as manage the investment composition in the portfolio. The Master Trust held no derivative instruments as of December 31, 2025 and 2024. Determination of Fair Value The accounting guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and establishes a framework for measuring fair value. The Master Trust valuation methodologies for assets and liabilities measured at fair value are described below. The methods described as follows may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Master Trust believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Valuation Hierarchy ASC 820, Fair Value Measurements and Disclosures, provides a framework for measuring fair value. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: <table cellpadding="0" style="width: 97%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: top"> <td>•</td> <td colspan="2" style="text-align: justify">Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</td></tr> <tr style="vertical-align: top"> <td>•</td> <td colspan="2" style="text-align: justify">Level 2 — inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.</td></tr> <tr style="vertical-align: top"> <td>•</td> <td colspan="2" style="text-align: justify">Level 3 — inputs to the valuation methodology are unobservable and significant to the fair value measurement.</td></tr> <tr style="vertical-align: top"> <td style="width: 18pt"> </td> <td style="text-align: justify"> </td> <td style="text-align: justify; width: 10pt"> </td></tr> </table> A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The following is a description of the valuation methodologies used for financial instruments measured at fair value. There have been no changes in the methodologies used at December 31, 2025 and 2024.Collective Trust Funds Collective Trust funds are investment vehicles utilized as or within the target date funds, equity index funds, investment grade bond fund, and global REIT fund. These funds permit daily subscriptions and redemption of units. These investments are valued using net asset values (“NAV”) provided by the administrator of the underlying fund. The NAV is based on the value of the underlying assets owned by the fund, less its liabilities, divided by the number of units outstanding. Collective Trust funds measured at fair value using NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in the hierarchy tables for Collective Trust funds are intended to permit reconciliation of the Master Trust’s total investments, at fair value. Cash & Cash Equivalents Cash & cash equivalents represent interest-bearing cash amounts valued at cash plus interest earned. Honeywell International Inc. Common Stock, other Common Stocks and Exchange Traded Funds Honeywell International Inc. common stock is valued at the closing price reported on the National Association of Securities Dealers Automated Quotations (“NASDAQ”) Composite Transaction Tape. Other common stocks and exchange traded funds are valued at the closing price reported on the principal market on which the respective securities are traded. Honeywell International Inc. common stock, other common stocks and exchange traded funds are all classified within level 1 of the valuation hierarchy. Fixed Income Investments Fixed income securities (other than commercial mortgage backed securities) are valued at the regular close of trading on each valuation date at the evaluated bid prices supplied by pricing vendors or brokers, if any, whose prices reflect broker/dealer supplied valuations and electronic data processing techniques. Commercial mortgage backed securities are valued using pool-specific pricing. The pool-specific pricing is provided by the pricing vendors and typically they use Interactive Data for these investments. Fixed income securities, including corporate bonds, U.S. government and federal agencies, municipal bonds, Non-U.S. government, commercial paper, bank deposits, asset-backed securities and commercial mortgage backed securities are classified within Level 2 of the valuation hierarchy. The following tables present the Master Trust’s assets measured at fair value as of December 31, 2025 and 2024, by the fair value hierarchy. <table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="14" style="text-align: center; border-bottom: Black 1px solid">2025</td><td style="border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 1</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 2</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 3</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Total</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="15" style="text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="14" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify">Cash and Cash Equivalents</td><td> </td> <td style="text-align: left; padding-left: 2pt">$</td><td style="text-align: right">37</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt">$</td><td style="text-align: right">37</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 40%; text-align: justify">Common Stocks</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt"> </td><td style="width: 10%; text-align: right">4,549</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt"> </td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt"> </td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt"> </td><td style="width: 10%; text-align: right">4,549</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt">Exchange Traded Funds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">18</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">18</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt">Fixed Income Investments:</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Asset Backed Securities</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">279</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">279</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Bank Deposits</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">311</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">311</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Commercial Mortgage Backed Securities</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Corporate Bonds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">571</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">U.S. Government and Federal Agencies</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">174</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">174</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Municipal Bonds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Non-US Government</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">47</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">47</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Commercial Paper</td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">292</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">292</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">4,604</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">1,687</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">-</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt"> </td><td> </td> <td style="text-align: left; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left; padding-bottom: 3px"> </td><td> </td> <td style="text-align: left; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left; padding-bottom: 3px"> </td><td> </td> <td style="text-align: left; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left; padding-bottom: 3px"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt">Collective Trust Funds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">10,154</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="font-weight: bold; text-align: justify; padding-left: 30pt">Total Investments</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">16,707</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table><table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="14" style="text-align: center; border-bottom: Black 1px solid">2024</td><td style="border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 1</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 2</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 3</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Total</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="15" style="text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="14" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="width: 40%; text-align: left">Common Stocks</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">5,228</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">5,228</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Exchange Traded Funds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">305</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">305</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Fixed Income Investments:</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Asset Backed Securities</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">293</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">293</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Bank Deposits</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">425</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">425</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Commercial Mortgage Backed Securities</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Corporate Bonds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">602</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">602</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">U.S. Government and Federal Agencies</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">58</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">58</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-indent: -10.8pt; padding-left: 21.6pt">Non-US Government</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">127</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">127</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Commercial Paper</td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">256</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">256</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-indent: -10.8pt; padding-left: 10.8pt"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">5,533</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">1,768</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">-</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-bottom: 1px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 1px"> </td><td style="text-align: left; padding-bottom: 1px"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Collective Trust Funds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 1px solid">8,922</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="font-weight: bold; text-align: left; padding-left: 30pt">Total Investments</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">16,223</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table>

The Master Trust and the Plan’s interest in the Master Trust is comprised of the following types of investments, at fair value, as of December 31, 2025: <table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="6" style="text-align: center; border-bottom: Black 1px solid">2025</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; white-space: nowrap;"> </td><td style="font-weight: bold; white-space: nowrap;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid; white-space: nowrap;">Master Trust Balances</td><td style="font-weight: bold; border-bottom: Black 1px solid; white-space: nowrap;"> </td><td style="font-weight: bold; white-space: nowrap;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid; white-space: nowrap;">Plan’s Interest in Master Trust Balances</td><td style="font-weight: bold; border-bottom: Black 1px solid; white-space: nowrap;"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="7" style="font-style: italic; text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="6" style="font-style: italic; text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="width: 71%; text-align: left; text-indent: 0pt">Collective Trust Funds</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: right; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">10,416</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: right; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">69</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Exchange Traded Funds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">18</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: 0pt">Honeywell Common Stock</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">3,315</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">23</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Common Stocks (Separately Managed Portfolios)</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1,234</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: 0pt">Asset Backed Securities</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">279</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Bank Deposits</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">311</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: 0pt">Commercial Mortgage Backed Securities</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Corporate Bonds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">4</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: 0pt">U.S. Government and Federal Agencies</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">174</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt">Municipal Bonds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-indent: 0pt">Non-US Government</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">47</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Commercial Paper</td><td> </td> <td style="text-align: right; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">292</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: right; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Cash & Cash Equivalents</td><td> </td> <td style="text-align: right; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px">37</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px">1</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: 0pt; padding-left: 10pt">Total Investments, at fair value</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">16,707</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">111</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt"> </td><td> </td> <td style="text-align: right; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Net assets of the Master Trust</td><td> </td> <td style="text-align: right; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">16,707</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: right; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">111</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table><table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="6" style="text-align: center; border-bottom: Black 1px solid">2024</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; white-space: nowrap;"> </td><td style="font-weight: bold; white-space: nowrap;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid; white-space: nowrap;">Master Trust Balances</td><td style="font-weight: bold; border-bottom: Black 1px solid; white-space: nowrap;"> </td><td style="font-weight: bold; white-space: nowrap;"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid; white-space: nowrap;">Plan’s Interest in Master Trust Balances</td><td style="font-weight: bold; border-bottom: Black 1px solid; white-space: nowrap;"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="7" style="font-style: italic; text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="7" style="font-style: italic; text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="width: 71%; text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Collective Trust Funds</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: right; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">8,922</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: right; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">52</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Exchange Traded Funds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">305</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Honeywell Common Stock</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">3,804</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">22</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Common Stocks (Separately Managed Portfolios)</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1,424</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">8</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Asset Backed Securities</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">293</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Bank Deposits</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">425</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">2</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Commercial Mortgage Backed Securities</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Corporate Bonds</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">602</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">3</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">U.S. Government and Federal Agencies</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">58</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -10.8pt; padding-left: 10.8pt">Non-US Government</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">127</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">1</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Commercial Paper</td><td> </td> <td style="text-align: right; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">256</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: right; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">1</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Total Investments, at fair value</td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">16,223</td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right">93</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: right; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Net assets of the Master Trust</td><td> </td> <td style="text-align: right; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">16,223</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: right; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">93</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table>

10416000000

69000000

18000000

3315000000

23000000

1234000000

7000000

279000000

2000000

311000000

2000000

6000000

571000000

4000000

174000000

7000000

1000000

47000000

1000000

292000000

37000000

1000000

16707000000

111000000

16707000000

111000000

8922000000

52000000

305000000

2000000

3804000000

22000000

1424000000

8000000

293000000

2000000

425000000

2000000

7000000

602000000

3000000

58000000

127000000

1000000

256000000

1000000

16223000000

93000000

16223000000

93000000

The Master Trust’s net appreciation and investment income for the year-ended December 31, 2025 is as follows: <table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">2025</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="3" style="font-style: italic; text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-style: italic"> </td> <td colspan="2" style="font-style: italic; text-align: center"> </td><td style="font-style: italic"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="width: 86%; text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Net appreciation in fair value of investments</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">1,376</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Dividend and interest income</td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">155</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Total investment income and net appreciation</td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">1,531</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table>

1376000000

155000000

1531000000

The following tables present the Master Trust’s assets measured at fair value as of December 31, 2025 and 2024, by the fair value hierarchy. <table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="14" style="text-align: center; border-bottom: Black 1px solid">2025</td><td style="border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 1</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 2</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 3</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Total</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="15" style="text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td> </td> <td colspan="14" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify">Cash and Cash Equivalents</td><td> </td> <td style="text-align: left; padding-left: 2pt">$</td><td style="text-align: right">37</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt">$</td><td style="text-align: right">37</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 40%; text-align: justify">Common Stocks</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt"> </td><td style="width: 10%; text-align: right">4,549</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt"> </td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt"> </td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt"> </td><td style="width: 10%; text-align: right">4,549</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt">Exchange Traded Funds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">18</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">18</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt">Fixed Income Investments:</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Asset Backed Securities</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">279</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">279</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Bank Deposits</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">311</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">311</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Commercial Mortgage Backed Securities</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">6</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Corporate Bonds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">571</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">571</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">U.S. Government and Federal Agencies</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">174</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">174</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Municipal Bonds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Non-US Government</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">47</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">47</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 21.6pt">Commercial Paper</td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">292</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">292</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">4,604</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">1,687</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">-</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt"> </td><td> </td> <td style="text-align: left; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left; padding-bottom: 3px"> </td><td> </td> <td style="text-align: left; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left; padding-bottom: 3px"> </td><td> </td> <td style="text-align: left; padding-bottom: 3px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 3px"> </td><td style="text-align: left; padding-bottom: 3px"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; text-indent: -10.8pt; padding-left: 10.8pt">Collective Trust Funds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">10,154</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="font-weight: bold; text-align: justify; padding-left: 30pt">Total Investments</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">16,707</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table><table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="14" style="text-align: center; border-bottom: Black 1px solid">2024</td><td style="border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 1</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 2</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Level 3</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1px solid">Total</td><td style="font-weight: bold; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="15" style="text-align: center">(dollars in millions)</td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="14" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="width: 40%; text-align: left">Common Stocks</td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">5,228</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">-</td><td style="width: 1%; text-align: left"> </td><td style="width: 3%"> </td> <td style="width: 1%; text-align: left; padding-left: 2pt">$</td><td style="width: 10%; text-align: right">5,228</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Exchange Traded Funds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">305</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">305</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Fixed Income Investments:</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Asset Backed Securities</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">293</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">293</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Bank Deposits</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">425</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">425</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Commercial Mortgage Backed Securities</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">7</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Corporate Bonds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">602</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">602</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">U.S. Government and Federal Agencies</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">58</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">58</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-indent: -10.8pt; padding-left: 21.6pt">Non-US Government</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">127</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">127</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 21.6pt">Commercial Paper</td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">256</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt"> </td><td style="text-align: right; border-bottom: Black 1px solid">-</td><td style="text-align: left; border-bottom: Black 1px solid"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right">256</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-indent: -10.8pt; padding-left: 10.8pt"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">5,533</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">1,768</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">-</td><td style="text-align: left; border-bottom: Black 3px double"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-bottom: 1px; padding-left: 2pt"> </td><td style="text-align: right; padding-bottom: 1px"> </td><td style="text-align: left; padding-bottom: 1px"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -10.8pt; padding-left: 10.8pt">Collective Trust Funds</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; border-bottom: Black 1px solid; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 1px solid">8,922</td><td style="text-align: left; border-bottom: Black 1px solid"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="font-weight: bold; text-align: left; padding-left: 30pt">Total Investments</td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; padding-left: 2pt"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left; border-bottom: Black 3px double; padding-left: 2pt">$</td><td style="text-align: right; border-bottom: Black 3px double">16,223</td><td style="text-align: left; border-bottom: Black 3px double"> </td></tr> </table>

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<table cellpadding="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; border-spacing: 0px;"> <tr style="vertical-align: top"> <td style="width: 21.6pt">5.</td> <td>Nonparticipant-Directed Investments</td></tr> </table> The Plan provides for both participant-directed and nonparticipant-directed investment programs. Employer matching contributions are initially invested in the Company’s common stock, which is a nonparticipant-directed investment option. Participants may subsequently transfer these amounts to other investment options at their discretion once vested. Information about the net assets and the significant components of the changes in net assets relating to the nonparticipant-directed investments as of and for the year ended December 31, 2025, is as follows: <table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1px solid">2025</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">(dollars in thousands)</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="font-weight: bold; text-align: left">Net assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 86%; text-align: left">Honeywell Common Stock Fund</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">22,820</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="font-weight: bold; text-align: left">Changes in net assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Net (depreciation)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,108</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td>Dividends</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">502</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Employer Contributions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,293</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left">Participant Contributions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">788</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Roll-over Contributions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left">Benefits Paid to Participants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,216</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Plan Expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; padding-bottom: 1px">Net transfers to participant-directed investments</td><td style="padding-bottom: 1px"> </td> <td style="text-align: left; border-bottom: Black 1px solid"> </td><td style="text-align: right; border-bottom: Black 1px solid">(992</td><td style="text-align: left; border-bottom: Black 1px solid">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 3px">Net change</td><td style="padding-bottom: 3px"> </td> <td style="text-align: left; border-bottom: Black 3px double">$</td><td style="text-align: right; border-bottom: Black 3px double">(704</td><td style="text-align: left; border-bottom: Black 3px double">)</td></tr> </table>

Information about the net assets and the significant components of the changes in net assets relating to the nonparticipant-directed investments as of and for the year ended December 31, 2025, is as follows: <table cellpadding="0" style="border-collapse: collapse; width: 97%; font: 10pt Arial, Helvetica, Sans-Serif; margin-left: 0.3in; border-spacing: 0px;"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1px solid">2025</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center">(dollars in thousands)</td><td> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="font-weight: bold; text-align: left">Net assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 86%; text-align: left">Honeywell Common Stock Fund</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 10%; text-align: right">22,820</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="font-weight: bold; text-align: left">Changes in net assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Net (depreciation)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(2,108</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td>Dividends</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">502</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Employer Contributions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,293</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left">Participant Contributions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">788</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Roll-over Contributions</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left">Benefits Paid to Participants</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,216</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Plan Expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(229,255,255)"> <td style="text-align: left; padding-bottom: 1px">Net transfers to participant-directed investments</td><td style="padding-bottom: 1px"> </td> <td style="text-align: left; border-bottom: Black 1px solid"> </td><td style="text-align: right; border-bottom: Black 1px solid">(992</td><td style="text-align: left; border-bottom: Black 1px solid">)</td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left; padding-bottom: 3px">Net change</td><td style="padding-bottom: 3px"> </td> <td style="text-align: left; border-bottom: Black 3px double">$</td><td style="text-align: right; border-bottom: Black 3px double">(704</td><td style="text-align: left; border-bottom: Black 3px double">)</td></tr> </table>

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2011-01-14

true

<table cellpadding="0" style="width: 100%; border-collapse: collapse; border-spacing: 0px;"> <tr style="vertical-align: top"> <td style="width: 0.3in; font: 10pt Arial, Helvetica, Sans-Serif">9.</td> <td style="font: 10pt Arial, Helvetica, Sans-Serif">Subsequent Events (Unaudited)</td></tr> </table> The Plan has evaluated subsequent events through the date the financial statements were issued and has identified the following events requiring disclosure. Effective April 1, 2026, in anticipation of the spin-off of Honeywell Aerospace Inc. from the Company, which is expected to be finalized on June 29, 2026, active participants expected to be employed by the new Honeywell Aerospace Inc. entity (or its Puerto Rican subsidiary) following the spin-off ceased participation in the Plan and became participants of the Honeywell Aerospace Puerto Rico Savings Plan (the “Aerospace PR Plan”). In connection with this transfer, $83,125 thousand of account balances of such participants will transfer from the Master Trust to the master trust of the Aerospace PR Plan.

83125000

http://fasb.org/us-gaap/2025#QualifiedPlanMember

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