v3.26.3
Debt and Credit Agreements
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Debt and Credit Agreements Debt and Credit Agreements
September 30, 2026December 31, 2025
2.50% notes due 2026
$1,500 $1,500 
1.10% notes due 2027
1,000 1,000 
3.50% euro notes due 2027
— 763 
4.65% notes due 2027
— 1,150 
4.95% notes due 2028
— 500 
2.25% euro notes due 2028
— 881 
4.25% notes due 2029
— 750 
2.70% notes due 2029
750 750 
4.875% notes due 2029
— 500 
4.70% notes due 2030
— 1,000 
3.375% euro notes due 2030
408 881 
1.95% notes due 2030
949 949 
4.95% notes due 2031
226 500 
1.75% notes due 2031
1,496 1,496 
4.75% notes due 2032
281 650 
0.75% euro notes due 2032
571 587 
3.75% euro notes due 2032
203 587 
5.00% notes due 2033
460 1,100 
4.50% notes due 2034
1,000 1,000 
4.125% euro notes due 2034
610 1,174 
5.00% notes due 2035
517 1,450 
3.75% euro notes due 2036
429 881 
5.70% notes due 2036
226 441 
5.70% notes due 2037
220 462 
5.375% notes due 2041
196 417 
3.812% notes due 2047
442 442 
2.80% notes due 2050
701 701 
5.25% notes due 2054
537 1,750 
5.35% notes due 2064
189 650 
4.37% term loan due 2027
— 1,000 
One month term SOFR plus 0.875% term loan due 2027
1,250 2,750 
6.625% debentures due 2028
141 201 
9.065% debentures due 2033
40 51 
Industrial development bond obligations, floating rate maturing at various dates through 2037
12 22 
Other (including finance leases), 2.9% weighted average interest rate maturing at various dates through 2040
109 101 
Fair value of hedging instruments(105)(79)
Debt issuance costs(189)(280)
Total Long-term debt and current related maturities14,169 28,678 
Less: Current maturities of long-term debt3,783 1,541 
Total Long-term debt$10,386 $27,137 
Commercial Paper and Other Short-Term Borrowings
As of September 30, 2026, the Company had $2.4 billion of Commercial paper and other short-term borrowings outstanding at a weighted average interest rate of 3.85%. As of December 31, 2025, the Company had $5.9 billion of Commercial paper and other short-term borrowings outstanding at a weighted average interest rate of 3.68%.
Pre-Separation Funding
In March 2026, the Company entered into a series of debt transactions in anticipation of the Aerospace Spin-Off, in which Honeywell Aerospace issued an aggregate of $16.0 billion principal amount senior notes (the Aerospace Senior Notes). The Aerospace Senior Notes are senior unsecured obligations of Honeywell Aerospace, and were guaranteed on a senior unsecured basis by the Company until the Aerospace Spin-Off was completed. In connection with the Aerospace Spin-Off, the Aerospace Senior Notes were distributed to Honeywell Aerospace, and the Company was automatically and unconditionally released from all obligations under the guarantee.
Term Loan Agreements
In March 2026, the Company repaid its $1.0 billion 4.37% term loan due 2027. In August 2026, the Company made a partial prepayment of $1.5 billion on the $2.75 billion of borrowings outstanding under the 2025 term loan due 2027. As of September 30, 2026, there were $1.25 billion of borrowings outstanding under this term loan.
Revolving Credit Agreements
In March 2026, the Company entered into a $3.0 billion 364-day credit agreement (the 364-Day Credit Agreement). Upon completion of the Aerospace Spin-Off on June 29, 2026, the aggregate commitments thereunder were automatically reduced to $2.0 billion. The 364-Day Credit Agreement replaced the Company’s $3.0 billion 364-day credit agreement dated as of March 17, 2025, which was terminated in accordance with its terms effective March 6, 2026. Amounts borrowed under the 364-Day Credit Agreement are due no later than March 5, 2027, unless (i) the Company elects to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on March 5, 2028, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms.
In March 2026, the Company entered into a $4.0 billion five-year credit agreement (the Five-Year Credit Agreement). Upon completion of the Aerospace Spin-Off on June 29, 2026, the aggregate commitments thereunder were automatically reduced to $3.0 billion. The Five-Year Credit Agreement replaced the Company’s $4.0 billion five-year credit agreement dated as of March 18, 2024, which was terminated in accordance with its terms effective March 6, 2026. Commitments under the Five-Year Credit Agreement can be increased pursuant to the terms of the Five-Year Credit Agreement to an aggregate amount not to exceed $3.5 billion. Amounts borrowed under the Five-Year Credit Agreement are required to be repaid no later than March 6, 2031, unless such date is extended pursuant to the terms of the Five-Year Credit Agreement.
The 364-Day Credit Agreement and the Five-Year Credit Agreement are maintained for general corporate purposes.
As of September 30, 2026, there were no outstanding borrowings under the 364-Day Credit Agreement or the Five-Year Credit Agreement.
Debt Tender Offers and Debt Redemption
In March 2026, the Company commenced a series of debt tender offers to purchase certain of its existing debt securities. On March 24, 2026, the Company purchased the following notes for an aggregate principal amount of $7.5 billion at early settlement of the debt tender offers:
Principal Amount
3.50% euro notes due 2027
$529 
2.25% euro notes due 2028
528 
3.375% euro notes due 2030
455 
4.95% notes due 2031
274 
4.75% notes due 2032
369 
3.75% euro notes due 2032
373 
5.0% notes due 2033
640 
4.125% euro notes due 2034
539 
5.0% notes due 2035
933 
3.75% euro notes due 2036
434 
5.70% notes due 2036
215 
5.70% notes due 2037
241 
5.375% notes due 2041
221 
5.250% notes due 2054
1,213 
5.350% notes due 2064
461 
6.625% debentures due 2028
60 
9.065% debentures due 2033
11 
In addition, in March and April 2026, the Company fully redeemed the following notes:
Principal Amount
4.65% notes due 2027
$1,150 
4.95% notes due 2028
500 
4.25% notes due 2029
750 
4.875% notes due 2029
500 
4.70% notes due 2030
1,000 
3.50% euro notes due 2027
224 
2.25% euro notes due 2028
342 
As a result of the debt tender offers and debt redemptions, the Company incurred a $241 million Loss on debt extinguishment and an additional $44 million of debt restructuring costs included in Other (income) expense in the Consolidated Statement of Operations during the nine months ended September 30, 2026.