01—Abstract
Summary
Summary of the 8-K filed April 23, 2026. Cited figures are marked; the original filing is the authoritative source.
Honeywell (HON) filed this Form 8-K on April 23, 2026 to recast its historical segment information in its 2025 Form 10-K (filed February 17, 2026).
The filing is administrative: it does not restate any financial statements, and the consolidated balance sheet, statement of operations, comprehensive income, shareowners' equity, and cash flows are unchanged. The recast reflects a segment realignment effective Q1 2026. A new Process Automation and Technology (PA&T) segment combines UOP (formerly in Energy and Sustainability Solutions) with the core Honeywell Process Solutions business (formerly in Industrial Automation).
The Energy and Sustainability Solutions segment is eliminated, and Industrial Automation is reconstituted. Revenue disaggregation by business model is now reported for Building Automation, PA&T, and Industrial Automation. For investors, the practical implication is that segment-level comparisons for 2024 and 2025 now reflect the new structure, so historical figures for the affected segments are not directly comparable to previously reported numbers.
The recast 2025 segment revenue shows Aerospace Technologies at $17,510 milliona, Building Automation at $7,367 million, PA&T at $6,437 million, and Industrial Automation at $6,098 million, with total 2025 sales of $37.4 billion. The filing also reiterates the planned separation of Honeywell from Honeywell Aerospace in Q3 2026, which is the key structural event for the company. The filing contains no new financial results, guidance, or forward-looking commentary beyond what was in the original 10-K.
Investors should read it alongside the original 10-K and the Q1 2026 10-Q, which already reflect the realignment. The main value is in enabling accurate multi-year segment trend analysis under the new structure.
02—Key points
Key Highlights
- Recast of 2025 10-K segment data (filed April 23, 2026) reflects the Q1 2026 realignment; no restatement of consolidated financial statements.
- New Process Automation and Technology segment formed by combining UOP (from Energy and Sustainability Solutions) with core Honeywell Process Solutions (from Industrial Automation).
- Energy and Sustainability Solutions is no longer a reportable segment; Advanced Materials was spun off as Solstice Advanced Materials on October 30, 2025.
- Reportable segments are now Aerospace Technologies ($17,510M 2025 sales), Building Automation ($7,367M), Process Automation and Technology ($6,437M), and Industrial Automation ($6,098M).
- Beginning in 2026, revenue disaggregation by business model (Products vs. Solutions, Projects vs. Aftermarket) is reported for Building Automation, PA&T, and Industrial Automation.
- Planned separation of Honeywell from Honeywell Aerospace remains on track for Q3 2026, per the filing's references to the original 10-K.
- Filing is administrative in nature and introduces no new financial results, guidance, or changes to other disclosures.
03—Questions
Frequently Asked Questions
Does this 8-K change Honeywell's reported 2025 financial results?
No. The filing states that the realignment had no impact on historical consolidated financial position, results of operations, or cash flows. It recasts only segment-level information, and the consolidated financial statements are unchanged.
Why did Honeywell realign its segments?
The realignment forms a new Process Automation and Technology segment by combining UOP with the core Honeywell Process Solutions business. Industrial Automation was reconstituted to include smart energy, thermal solutions, process measurement and control, Sensing and Safety Technologies, Warehouse and Workflow Solutions, and Productivity Solutions and Services. The filing does not give a detailed strategic rationale beyond the business alignment itself.
What happened to the Energy and Sustainability Solutions segment?
It is no longer a reportable segment. Its UOP business moved into Process Automation and Technology, and the Advanced Materials business was spun off as Solstice Advanced Materials on October 30, 2025, and reported as discontinued operations.
How should investors compare Honeywell's segment performance across years?
Recast prior-period figures should be used for like-for-like comparisons under the new structure. Figures from before the realignment for Industrial Automation, Energy and Sustainability Solutions, and the new PA&T segment are not directly comparable to the recast figures.
Does this filing affect the planned separation of Honeywell Aerospace?
Not directly. The filing reiterates that the separation of Honeywell from Honeywell Aerospace is expected in Q3 2026, subject to conditions including a Form 10 filing, tax-free treatment, regulatory approvals, and final Board approval. It does not provide new information about the timing or terms of the separation.
04—Continue