7Baggers
Quarterly
Annual
    Unit: USD2025-09-27 2025-06-28 2025-03-29 2024-12-31 2024-09-28 2024-06-29 2024-03-30 2023-12-31 2023-09-30 2023-07-01 2023-04-01 2022-12-31 2022-10-01 2022-07-02 2022-04-02 2021-12-31 2021-10-02 2021-07-03 2021-04-03 2020-12-31 2020-09-26 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 
      
    		                             
      assets
    		                             
      current assets:
    		                             
      cash and cash equivalents
    		345,000,000 753,000,000 577,000,000 692,000,000 531,000,000 413,000,000 603,000,000 636,000,000 368,000,000 381,000,000 292,000,000 326,000,000 252,000,000 251,000,000 244,000,000 779,000,000 686,000,000 579,000,000 508,000,000 517,000,000 260,000,000 362,000,000 338,000,000 122,000,000 132,000,000 142,000,000 212,000,000 265,000,000 184,000,000 
      accounts receivable
    		1,147,000,000 1,135,000,000 1,045,000,000 1,023,000,000 1,103,000,000 1,071,000,000 933,000,000 973,000,000 988,000,000 1,043,000,000 985,000,000 1,002,000,000 1,043,000,000            845,000,000 835,000,000    
      inventories
    		1,328,000,000 1,259,000,000 1,228,000,000 1,237,000,000 1,197,000,000 1,188,000,000 929,000,000 941,000,000 970,000,000 1,001,000,000 1,008,000,000 975,000,000 957,000,000 971,000,000           729,000,000 722,000,000 701,000,000 628,000,000 603,000,000 
      other current assets
    		252,000,000 245,000,000 211,000,000 220,000,000 206,000,000 212,000,000 212,000,000 193,000,000 289,000,000 197,000,000 210,000,000 199,000,000 198,000,000 186,000,000 165,000,000 146,000,000 179,000,000 198,000,000 156,000,000 173,000,000 161,000,000 163,000,000 164,000,000 175,000,000 134,000,000 147,000,000 111,000,000 95,000,000 72,000,000 
      total current assets
    		3,072,000,000 3,392,000,000 3,061,000,000 3,172,000,000 3,037,000,000 2,884,000,000 2,677,000,000 2,743,000,000 2,615,000,000 2,622,000,000 2,495,000,000 2,502,000,000 2,450,000,000 2,481,000,000 2,339,000,000 2,541,000,000 2,507,000,000 2,356,000,000 2,220,000,000 2,225,000,000 1,923,000,000 1,843,000,000 1,993,000,000 1,785,000,000 1,840,000,000 1,846,000,000 1,862,000,000 1,809,000,000 1,668,000,000 
      property, plant and equipment
    		433,000,000 426,000,000 411,000,000 410,000,000 423,000,000 424,000,000 369,000,000 390,000,000 380,000,000 388,000,000 379,000,000 366,000,000 351,000,000 363,000,000                
      goodwill
    		3,122,000,000 3,126,000,000 3,084,000,000 3,072,000,000 3,119,000,000 3,079,000,000 2,689,000,000 2,705,000,000 2,687,000,000 2,737,000,000 2,736,000,000 2,724,000,000 2,678,000,000 2,695,000,000 3,125,000,000 2,661,000,000 2,671,000,000 2,682,000,000 2,675,000,000 2,691,000,000 2,657,000,000 2,638,000,000 2,612,000,000 2,642,000,000 2,632,000,000 2,650,000,000 2,644,000,000 2,634,000,000 2,638,000,000 
      intangible assets
    		1,113,000,000 1,137,000,000 1,157,000,000 1,176,000,000 1,197,000,000 1,218,000,000 456,000,000 461,000,000 456,000,000 467,000,000 471,000,000 475,000,000                  
      other assets
    		448,000,000 434,000,000 361,000,000 369,000,000 359,000,000 379,000,000 329,000,000 346,000,000 321,000,000 322,000,000 318,000,000 320,000,000 323,000,000 314,000,000 431,000,000 364,000,000 366,000,000 370,000,000 374,000,000 376,000,000 378,000,000 374,000,000 378,000,000 258,000,000 230,000,000 233,000,000 214,000,000 12,000,000 18,000,000 
      total assets
    		8,188,000,000 8,515,000,000 8,074,000,000 8,199,000,000 8,135,000,000 7,984,000,000 6,520,000,000 6,645,000,000 6,459,000,000 6,536,000,000 6,399,000,000 6,387,000,000 6,262,000,000 6,316,000,000 6,245,000,000 5,853,000,000 5,834,000,000 5,712,000,000 5,576,000,000 5,610,000,000 5,269,000,000 5,166,000,000 5,287,000,000 5,128,000,000 5,133,000,000 5,160,000,000 5,144,000,000 4,972,000,000 4,742,000,000 
      liabilities and stockholders’ equity
    		                             
      current liabilities:
    		                             
      accounts payable
    		1,037,000,000 1,102,000,000 971,000,000 1,073,000,000 1,021,000,000 980,000,000 858,000,000 905,000,000 863,000,000 948,000,000 894,000,000 894,000,000 936,000,000 987,000,000 958,000,000 883,000,000 905,000,000 915,000,000 908,000,000 936,000,000 858,000,000 811,000,000 906,000,000 920,000,000 932,000,000 1,009,000,000 1,013,000,000 964,000,000 850,000,000 
      accrued liabilities
    		595,000,000 655,000,000 607,000,000 717,000,000 645,000,000 602,000,000 515,000,000 608,000,000 592,000,000 564,000,000 563,000,000 640,000,000 594,000,000 580,000,000 576,000,000 601,000,000 617,000,000 586,000,000 528,000,000 595,000,000 606,000,000 564,000,000 467,000,000 552,000,000 531,000,000 528,000,000 524,000,000 503,000,000 388,000,000 
      total current liabilities
    		1,632,000,000 3,382,000,000 1,578,000,000 1,790,000,000 1,672,000,000 1,594,000,000 1,385,000,000 1,525,000,000 1,467,000,000 1,524,000,000 1,469,000,000 1,546,000,000 1,542,000,000 1,579,000,000 1,546,000,000 1,494,000,000 1,532,000,000 1,511,000,000 1,446,000,000 1,538,000,000 1,645,000,000 1,662,000,000 1,755,000,000 1,494,000,000 1,551,000,000 1,559,000,000 1,559,000,000 1,489,000,000 1,400,000,000 
      long-term debt
    		3,169,000,000 1,983,000,000 1,983,000,000 1,983,000,000 1,983,000,000 1,979,000,000 1,394,000,000 1,396,000,000 1,397,000,000 1,400,000,000 1,402,000,000 1,404,000,000   1,412,000,000 1,220,000,000 1,222,000,000 1,184,000,000 1,186,000,000 1,155,000,000 1,141,000,000 1,140,000,000 1,149,000,000 1,158,000,000 1,165,000,000 1,169,000,000 1,174,000,000 1,179,000,000  
      non-current obligations payable under the indemnification agreement
    		                             
      other liabilities
    		616,000,000 536,000,000 438,000,000 443,000,000 491,000,000 492,000,000 355,000,000 366,000,000 351,000,000 344,000,000 340,000,000 328,000,000 338,000,000 332,000,000 334,000,000 302,000,000 335,000,000 330,000,000 329,000,000 334,000,000 292,000,000 284,000,000 270,000,000 280,000,000 264,000,000 258,000,000 239,000,000 29,000,000 557,000,000 
      total liabilities
    		5,417,000,000 5,901,000,000 4,727,000,000 4,890,000,000 4,781,000,000 4,690,000,000 3,751,000,000 3,896,000,000 3,814,000,000 3,859,000,000 3,795,000,000 3,858,000,000 3,862,000,000 3,922,000,000                
      commitments and contingencies
    		                             
      stockholders’ equity
    		                             
      preferred stock, 0.001 par value: 100 shares authorized, 0.5 shares issued and outstanding at september 27, 2025 and december 31, 2024
    		482,000,000                             
      common stock
    		                             
      additional paid-in capital
    		2,375,000,000 2,349,000,000 2,333,000,000 2,315,000,000 2,294,000,000 2,276,000,000 2,243,000,000 2,226,000,000 2,219,000,000 2,204,000,000 2,191,000,000 2,176,000,000 2,162,000,000 2,147,000,000 2,135,000,000 2,121,000,000 2,111,000,000 2,098,000,000 2,088,000,000 2,070,000,000 1,782,000,000 1,775,000,000 1,768,000,000 1,761,000,000 1,751,000,000 1,743,000,000 1,727,000,000 1,720,000,000  
      retained earnings
    		218,000,000 71,000,000 904,000,000 907,000,000 893,000,000 881,000,000 853,000,000 810,000,000 728,000,000 707,000,000 657,000,000 600,000,000 561,000,000 498,000,000 404,000,000 317,000,000 250,000,000 182,000,000 124,000,000 75,000,000 16,000,000  17,000,000 38,000,000 47,000,000 39,000,000 50,000,000 2,000,000  
      accumulated other comprehensive loss
    		-168,000,000 -161,000,000 -246,000,000 -284,000,000 -207,000,000 -242,000,000 -226,000,000 -194,000,000 -221,000,000 -184,000,000 -200,000,000 -212,000,000 -292,000,000 -220,000,000 -151,000,000 -165,000,000 -187,000,000 -163,000,000 -170,000,000 -146,000,000     -222,000,000 -187,000,000    
      treasury stock
    		-136,000,000 -127,000,000 -126,000,000 -111,000,000 -108,000,000 -103,000,000 -101,000,000 -93,000,000 -81,000,000 -50,000,000 -44,000,000 -35,000,000  -31,000,000 -27,000,000 -21,000,000 -16,000,000 -14,000,000 -10,000,000 -6,000,000 -5,000,000 -5,000,000 -4,000,000 -3,000,000 -3,000,000 -2,000,000 -2,000,000   
      total stockholders’ equity
    		2,771,000,000 2,614,000,000 3,347,000,000 3,309,000,000 3,354,000,000 3,294,000,000 2,769,000,000 2,749,000,000 2,645,000,000 2,677,000,000 2,604,000,000 2,529,000,000 2,400,000,000 2,394,000,000                
      total liabilities and stockholders’ equity
    		8,188,000,000 8,515,000,000 8,074,000,000 8,199,000,000 8,135,000,000 7,984,000,000 6,520,000,000 6,645,000,000 6,459,000,000 6,536,000,000 6,399,000,000 6,387,000,000 6,262,000,000 6,316,000,000                
      current obligations payable under the indemnification agreement
    		 1,625,000,000                            
      preferred stock, 0.001 par value: 100 shares authorized, 0.5 shares issued and outstanding at june 28, 2025 and december 31, 2024
    		 482,000,000                            
      obligations payable under indemnification agreements
    		  728,000,000 674,000,000 635,000,000 625,000,000 617,000,000 609,000,000 599,000,000 591,000,000 584,000,000 580,000,000 575,000,000 601,000,000 592,000,000 585,000,000 587,000,000 584,000,000 583,000,000 590,000,000 586,000,000         
      preferred stock, 0.001 par value: 100 shares authorized, 0.5 shares issued and outstanding at march 29, 2025 and december 31, 2024
    		  482,000,000                           
      preferred stock, 0.001 par value, 100 shares authorized, 0.5 shares issued and outstanding at december 31, 2024 and no shares outstanding at december 31, 2023
    		   482,000,000                          
      current portion of long-term debt
    		    6,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000 12,000,000                  
      preferred stock, 0.001 par value: 100 shares authorized, 0.5 shares issued and outstanding at september 28, 2024 and no shares issued and outstanding at december 31, 2023, respectively
    		    482,000,000                         
      preferred stock, 0.001 par value: 100 shares authorized, 0.5 shares issued and outstanding at june 29, 2024 and no shares issued and outstanding at december 31, 2023, respectively
    		     482,000,000                        
      other intangible assets
    		            460,000,000 463,000,000                
      current maturities of long-term debt
    		            12,000,000 12,000,000         382,000,000 22,000,000  22,000,000 22,000,000 22,000,000  
      long-term debt, net of current maturities
    		            1,407,000,000 1,410,000,000                
      stockholders’ equity:
    		                             
      common shares, 0.001 par value, 700,000 shares authorized, 147,703 and 145,838 shares issued and outstanding as of october 1, 2022, 146,248 and 144,808 shares issued and outstanding as of december 31, 2021, respectively
    		                             
      treasury shares
    		            -31,000,000                 
      accounts receivable less allowances of 11 million and 9 million, respectively
    		             1,073,000,000                
      accounts receivable – net
    		              1,008,000,000 876,000,000 932,000,000 895,000,000 875,000,000 863,000,000 884,000,000 704,000,000 820,000,000       
      inventories – net
    		              922,000,000 740,000,000 710,000,000 684,000,000 681,000,000 672,000,000 618,000,000 614,000,000 671,000,000 671,000,000      
      property, plant and equipment – net
    		              350,000,000 287,000,000 290,000,000 304,000,000 307,000,000 318,000,000 311,000,000 311,000,000 304,000,000 316,000,000 306,000,000 304,000,000 296,000,000 300,000,000 276,000,000 
      liabilities
    		                             
      current maturities of debt
    		              12,000,000 10,000,000 10,000,000 10,000,000 10,000,000 7,000,000 181,000,000 287,000,000        
      equity
    		                             
      total equity
    		              2,361,000,000 2,252,000,000 2,158,000,000 2,103,000,000 2,032,000,000 1,993,000,000 1,605,000,000 1,495,000,000 1,521,000,000 1,602,000,000 1,573,000,000 1,593,000,000 1,592,000,000 1,533,000,000 2,685,000,000 
      total liabilities and equity
    		              6,245,000,000 5,853,000,000 5,834,000,000 5,712,000,000 5,576,000,000 5,610,000,000 5,269,000,000 5,166,000,000 5,287,000,000 5,128,000,000 5,133,000,000 5,160,000,000 5,144,000,000 4,972,000,000 4,742,000,000 
      accumulated other comprehensive
    		                    -188,000,000 -216,000,000 -260,000,000 -194,000,000   -183,000,000 -189,000,000 -124,000,000 
      obligations payable to honeywell under indemnification agreements
    		                     585,000,000        
      retained (deficit) earnings
    		                     -59,000,000        
      obligations payable to honeywell
    		                      592,000,000 594,000,000 580,000,000 581,000,000 580,000,000 629,000,000  
      accounts receivables – net
    		                       817,000,000    821,000,000  
      other intangible assets – net
    		                       127,000,000 125,000,000 127,000,000 128,000,000 133,000,000  
      cash flows from operating activities:
    		                             
      net income
    		                       36,000,000 45,000,000 37,000,000 48,000,000 405,000,000 389,000,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                             
      depreciation and amortization
    		                       80,000,000 55,000,000 36,000,000 16,000,000   
      restructuring charges, net of payments
    		                       6,000,000      
      stock compensation expense
    		                       25,000,000 22,000,000 14,000,000 7,000,000 20,000,000 15,000,000 
      deferred income taxes
    		                       -25,000,000 -3,000,000   84,000,000 4,000,000 
      other
    		                       18,000,000    11,000,000  
      changes in assets and liabilities:
    		                             
      accounts receivables
    		                       7,000,000   838,000,000   
      net cash from operating activities
    		                       23,000,000 -70,000,000 -37,000,000 -10,000,000 462,000,000 375,000,000 
      cash flows used for investing activities:
    		                             
      expenditures for property, plant, equipment and software
    		                       -95,000,000 -66,000,000 -38,000,000 -15,000,000   
      cash paid for acquisitions, net of cash acquired
    		                       -17,000,000 -17,000,000 -17,000,000 -6,000,000   
      net cash from investing activities
    		                       -112,000,000 -83,000,000 -55,000,000 -21,000,000 -74,000,000 -56,000,000 
      cash flows from financing activities:
    		                             
      proceeds from long-term debt
    		                           1,225,000,000  
      payment of debt facility issuance and modification costs
    		                       -4,000,000      
      repayment of long-term debt
    		                       -22,000,000 -11,000,000 -11,000,000 -6,000,000   
      distribution to honeywell in connection with spin-off
    		                           -1,415,000,000  
      net increase in invested equity
    		                           39,000,000  
      non-operating obligations from honeywell
    		                       -24,000,000    26,000,000  
      net cash from financing activities
    		                       -53,000,000 22,000,000 -31,000,000 -23,000,000 -167,000,000 -186,000,000 
      effect of foreign exchange rate changes on cash and cash equivalents
    		                       -1,000,000 -2,000,000  1,000,000 -12,000,000 -5,000,000 
      net increase in cash and cash equivalents
    		                       -143,000,000 -133,000,000 -123,000,000 -53,000,000 209,000,000 128,000,000 
      cash and cash equivalents at beginning of period
    		                       265,000,000 265,000,000 265,000,000 265,000,000 56,000,000 56,000,000 
      cash and cash equivalents at end of period
    		                       122,000,000 132,000,000 142,000,000 212,000,000 265,000,000 184,000,000 
      supplemental cash flow information:
    		                             
      interest paid
    		                       72,000,000      
      income taxes paid
    		                       86,000,000    28,000,000 33,000,000 
      capital expenditures in accounts payable
    		                       16,000,000    23,000,000  
      short-term portion of debt
    		                        88,000,000     
      repositioning charges, net of payments
    		                        12,000,000 14,000,000    
      other noncash expense
    		                        13,000,000  3,000,000   
      accounts, notes and other receivables
    		                        -27,000,000 -7,000,000 -17,000,000 -62,000,000 -11,000,000 
      proceeds received related to amounts due from related parties
    		                           7,000,000 7,000,000 
      net proceeds from revolving credit facility
    		                        60,000,000     
      non-operating obligations paid to honeywell
    		                        -24,000,000 -18,000,000 -15,000,000   
      payments related to amounts due to related parties
    		                            -2,000,000 
      tax payments related to stock vestings
    		                        -3,000,000 -2,000,000 -2,000,000   
      net decrease in invested equity
    		                             
      cashflow provided by cash pooling
    		                             
      other noncash income
    		                         6,000,000    
      cash flows used for financing activities:
    		                             
      cashflow used by cash pooling
    		                             
      net cash flow used by cash pooling
    		                             
      due from related parties, current
    		                            26,000,000 
      due to related parties, current
    		                            162,000,000 
      pension obligations
    		                           88,000,000  
      invested equity
    		                            2,809,000,000 
      depreciation
    		                           45,000,000 40,000,000 
      amortization
    		                           21,000,000 9,000,000 
      repositioning charges
    		                           5,000,000  
      net payments for repositioning charges
    		                           -9,000,000  
      pension expense
    		                           11,000,000 10,000,000 
      expenditures for property, plant and equipment
    		                           -64,000,000 -63,000,000 
      expenditures for software
    		                           -17,000,000  
      payments related to amounts due from related parties
    		                             
      payment of debt issuance costs
    		                           -24,000,000  
      payment of revolving credit facility fees
    		                           -5,000,000  
      net cash flow from (used by) cash pooling
    		                           -13,000,000  
      accounts, notes and other receivables – net
    		                            783,000,000 
      other intangible assets - net
    		                            138,000,000 
      repositioning
    		                            5,000,000 
      net payments for repositioning
    		                            -9,000,000 
      bad debt expense
    		                            7,000,000 
      cash flows used in investing activities:
    		                             
      issuance related to amounts due from related parties
    		                             
      cash flows used in financing activities:
    		                             
      net (decrease) in invested equity
    		                            -300,000,000 
      proceeds received related to amounts due to related parties
    		                            1,000,000 
      net cash flows from cash pooling
    		                            115,000,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.