v3.26.3
Stock-Based Compensation Plans (Tables)
 9 Months Ended
Sep. 26, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Cost
Stock-based compensation cost, which is recognized in Selling, general, and administrative expenses in the Condensed Consolidated Statements of Operations, is provided in the following table:
Three Months Ended Nine Months Ended
September 26, 2026September 27, 2025September 26, 2026September 27, 2025
Stock-based compensation expense (pre-tax)
Direct compensation expense$28 $10 $57 $31 
Allocated compensation expense— 6 32 31 
Total Stock-based compensation expense (pre-tax)28 16 89 62 
Income tax benefit recognized7 4 20 15 
Total Stock-based compensation expense (after-tax)$21 $12 $69 $47 
Schedule of Share-based Compensation Fair Value Assumptions
The following table sets forth the weighted average assumptions used in determining the fair value of stock options:
Three Months Ended
September 26, 2026
Weighted average fair value per share of options granted during the quarter(1)
$85.05 
Assumptions
Expected annual dividend yield0.98 %
Expected volatility37.06 %
Risk-free rate of return4.46 %
Expected option term (years)7.00
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1.Estimated on date of grant using Black-Scholes option-pricing model.
Schedule of Stock Options Activity
The following table summarizes information about stock option activity for the three months ended September 26, 2026:
Number of
Options
(in millions)		Weighted Average
Exercise Price Per Share		Weighted Average Remaining Contractual Term
(in years)		Aggregate Intrinsic Value
Outstanding as of June 29, 2026(1)
4.1 $180.23 
Granted0.1 201.12 
Exercised— — 
Forfeited— — 
Expired— — 
Outstanding as of September 26, 20264.2 $180.86 6.03$16.94 
Exercisable as of September 26, 20262.7 $165.85 4.50$16.94 
Expected to vest as of September 26, 20263.7 $177.59 5.68$16.94 
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1.On June 29, 2026, the Company began trading as an independent, publicly traded company under the stock symbol “HONA” on the Nasdaq. The options outstanding as of June 29, 2026 pertain to Honeywell equity-based awards issued by Honeywell in prior periods that were converted to Aerospace equity-based awards as part of the Spin-off. The conversion to Aerospace awards was considered a modification of the original award. Incremental fair value recognized was immaterial.
Schedule of Restricted Stock Units Activity
The following table summarizes information about RSU activity for the three months ended September 26, 2026:
Number of Restricted Stock Units
(in millions)		Weighted Average Grant Date Fair Value Per Share
Outstanding at June 29, 2026(1)
1.0 $244.99 
Granted0.4 202.56 
Vested(0.1)191.78 
Forfeited— — 
Outstanding at September 26, 20261.3 $237.87 
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1.On June 29, 2026, the Company began trading as an independent, publicly traded company under the stock symbol “HONA” on the Nasdaq. The RSUs outstanding as of June 29, 2026 pertain to Honeywell equity-based awards issued by Honeywell in prior periods that were converted to Aerospace equity-based awards as part of the Spin-off. The conversion to Aerospace awards was considered a modification of the original award. Incremental fair value recognized was immaterial.