Resideo Technologies, Inc(NYSE:REZI) 
Resideo Technologies, Inc. develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution. ...
Website: http://www.resideo.com
Founded: 2018
Full Time Employees: 13,000
Sector: Industrials
Industry: Security & Protection Services
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-27 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenue | 1,895,000,000 | 1,864,000,000 | 1,943,000,000 | 1,770,000,000 | 1,858,000,000 | 1,828,000,000 | 1,589,000,000 | 1,486,000,000 | 1,537,000,000 | 1,554,000,000 | 1,602,000,000 | 1,549,000,000 | 1,560,000,000 | 1,618,000,000 | 1,686,000,000 | 1,506,000,000 | 1,454,000,000 | 1,496,000,000 | 1,477,000,000 | 1,419,000,000 | 1,501,000,000 | 1,362,000,000 | 1,029,000,000 | 1,179,000,000 | 1,304,000,000 | 1,226,000,000 | 1,242,000,000 | 1,216,000,000 | ||
yoy | 1.99% | 1.97% | 22.28% | 19.11% | 20.88% | 17.63% | -0.81% | -4.07% | -1.47% | -3.96% | -4.98% | 2.86% | 7.29% | 8.16% | 14.15% | 6.13% | -3.13% | 9.84% | 43.54% | 20.36% | 15.11% | 11.09% | -17.15% | -3.04% | ||||||
qoq | 1.66% | -4.07% | 9.77% | -4.74% | 1.64% | 15.04% | 6.93% | -3.32% | -1.09% | -3.00% | 3.42% | -0.71% | -3.58% | -4.03% | 11.95% | 3.58% | -2.81% | 1.29% | 4.09% | -5.46% | 10.21% | 32.36% | -12.72% | -9.59% | 6.36% | -1.29% | 2.14% | |||
cost of goods sold | 1,335,000,000 | 1,308,000,000 | 1,374,000,000 | 1,259,000,000 | 1,328,000,000 | 1,304,000,000 | 1,142,000,000 | 1,086,000,000 | 1,114,000,000 | 1,137,000,000 | 1,166,000,000 | 1,129,000,000 | 1,129,000,000 | 1,188,000,000 | 1,219,000,000 | 1,072,000,000 | 1,058,000,000 | 1,080,000,000 | 1,096,000,000 | 1,051,000,000 | 1,078,000,000 | 992,000,000 | 793,000,000 | 895,000,000 | 1,012,000,000 | 937,000,000 | 946,000,000 | 903,000,000 | 936,000,000 | 853,000,000 |
gross profit | 560,000,000 | 556,000,000 | 569,000,000 | 511,000,000 | 530,000,000 | 524,000,000 | 447,000,000 | 400,000,000 | 423,000,000 | 417,000,000 | 436,000,000 | 420,000,000 | 431,000,000 | 430,000,000 | 467,000,000 | 434,000,000 | 396,000,000 | 416,000,000 | 381,000,000 | 368,000,000 | 423,000,000 | 370,000,000 | 236,000,000 | 284,000,000 | 292,000,000 | 289,000,000 | 296,000,000 | 313,000,000 | 330,000,000 | 347,000,000 |
yoy | 5.66% | 6.11% | 27.29% | 27.75% | 25.30% | 25.66% | 2.52% | -4.76% | -1.86% | -3.02% | -6.64% | -3.23% | 8.84% | 3.37% | 22.57% | 17.93% | -6.38% | 12.43% | 61.44% | 29.58% | 44.86% | 28.03% | -20.27% | -9.27% | -11.52% | -16.71% | ||||
qoq | 0.72% | -2.28% | 11.35% | -3.58% | 1.15% | 17.23% | 11.75% | -5.44% | 1.44% | -4.36% | 3.81% | -2.55% | 0.23% | -7.92% | 7.60% | 9.60% | -4.81% | 9.19% | 3.53% | -13.00% | 14.32% | 56.78% | -16.90% | -2.74% | 1.04% | -2.36% | -5.43% | -5.15% | -4.90% | |
gross margin % | 29.55% | 29.83% | 29.28% | 28.87% | 28.53% | 28.67% | 28.13% | 26.92% | 27.52% | 26.83% | 27.22% | 27.11% | 27.63% | 26.58% | 27.70% | 28.82% | 27.24% | 27.81% | 25.80% | 25.93% | 28.18% | 27.17% | 22.93% | 24.09% | 22.39% | 23.57% | 23.83% | 25.74% | Infinity% | Infinity% |
operating expenses: | ||||||||||||||||||||||||||||||
research and development expenses | 47,000,000 | 44,000,000 | 41,000,000 | 35,000,000 | 42,000,000 | 23,000,000 | 21,000,000 | 25,000,000 | 25,000,000 | 28,000,000 | 29,000,000 | 27,000,000 | 30,000,000 | 29,000,000 | 28,000,000 | 24,000,000 | 23,000,000 | 20,000,000 | 22,000,000 | |||||||||||
selling, general and administrative expenses | 317,000,000 | 324,000,000 | 319,000,000 | 306,000,000 | 310,000,000 | 317,000,000 | 280,000,000 | 231,000,000 | 241,000,000 | 233,000,000 | 242,000,000 | 244,000,000 | 258,000,000 | 236,000,000 | 244,000,000 | 238,000,000 | 232,000,000 | 229,000,000 | 238,000,000 | 238,000,000 | 271,000,000 | 239,000,000 | 242,000,000 | 250,000,000 | 220,000,000 | 230,000,000 | 254,000,000 | 228,000,000 | 225,000,000 | 219,000,000 |
intangible asset amortization | 31,000,000 | 31,000,000 | 30,000,000 | 30,000,000 | 29,000,000 | 29,000,000 | 13,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 10,000,000 | 10,000,000 | 9,000,000 | |||||||||||||||
restructuring, impairment and extinguishment costs | 7,000,000 | 3,000,000 | 2,000,000 | 5,000,000 | 29,000,000 | 11,000,000 | ||||||||||||||||||||||||
total operating expenses | 420,000,000 | 402,000,000 | 392,000,000 | 375,000,000 | 386,000,000 | 398,000,000 | 325,000,000 | 272,000,000 | 276,000,000 | 308,000,000 | ||||||||||||||||||||
income from operations | 140,000,000 | 154,000,000 | 177,000,000 | 136,000,000 | 144,000,000 | 126,000,000 | 122,000,000 | 128,000,000 | 147,000,000 | 109,000,000 | 153,000,000 | 138,000,000 | 98,000,000 | 155,000,000 | 186,000,000 | |||||||||||||||
yoy | -2.78% | 22.22% | 45.08% | 6.25% | -2.04% | 15.60% | -20.26% | -7.25% | 50.00% | -29.68% | -17.74% | |||||||||||||||||||
qoq | -9.09% | -12.99% | 30.15% | -5.56% | 14.29% | 3.28% | -4.69% | -12.93% | 34.86% | -28.76% | 10.87% | 40.82% | -36.77% | -16.67% | ||||||||||||||||
operating margin % | 7.39% | 8.26% | 9.11% | 7.68% | 7.75% | 6.89% | 7.68% | 8.61% | 9.56% | 7.01% | 9.55% | 8.91% | 6.28% | 9.58% | 11.03% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% |
indemnification agreement expense | 882,000,000 | |||||||||||||||||||||||||||||
other expenses | 5,500,000 | 7,000,000 | 9,000,000 | 96,000,000 | 73,000,000 | 55,000,000 | 48,000,000 | 42,000,000 | 31,000,000 | 56,000,000 | 42,000,000 | 39,000,000 | ||||||||||||||||||
interest expense | 49,000,000 | 37,000,000 | 24,000,000 | 25,000,000 | 26,000,000 | 27,000,000 | 15,000,000 | 13,000,000 | 15,000,000 | 16,000,000 | 17,000,000 | 18,000,000 | 18,000,000 | 15,000,000 | 14,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 13,000,000 | 14,000,000 | 14,000,000 | 18,000,000 | 17,000,000 | 18,000,000 | 16,000,000 | 18,000,000 | 17,000,000 | ||
net income before taxes | 156,000,000 | 110,000,000 | -738,000,000 | |||||||||||||||||||||||||||
provision for income taxes | 20,000,000 | -46,000,000 | 87,000,000 | 9,000,000 | 22,000,000 | 24,000,000 | 29,000,000 | 30,000,000 | 19,000,000 | 16,000,000 | 44,000,000 | 24,000,000 | 31,000,000 | 33,000,000 | 37,000,000 | |||||||||||||||
net income | 136,000,000 | 156,000,000 | -825,000,000 | 6,000,000 | 23,000,000 | 20,000,000 | 30,000,000 | 43,000,000 | 82,000,000 | 21,000,000 | 50,000,000 | 57,000,000 | 39,000,000 | 63,000,000 | 94,000,000 | 87,000,000 | 67,000,000 | 68,000,000 | 58,000,000 | 49,000,000 | 59,000,000 | 75,000,000 | -76,000,000 | -21,000,000 | -9,000,000 | 8,000,000 | -11,000,000 | 48 | 16 | 311 |
yoy | 491.30% | 680.00% | -2850.00% | -86.05% | -71.95% | -4.76% | -40.00% | -24.56% | 110.26% | -66.67% | -46.81% | -34.48% | -41.79% | -7.35% | 62.07% | 77.55% | 13.56% | -9.33% | -176.32% | -333.33% | -755.56% | 837.50% | 590.91% | -43750100.00% | -56250100.00% | 2572247.27% | ||||
qoq | -12.82% | -118.91% | -13850.00% | -73.91% | 15.00% | -33.33% | -30.23% | -47.56% | 290.48% | -58.00% | -12.28% | 46.15% | -38.10% | -32.98% | 8.05% | 29.85% | -1.47% | 17.24% | 18.37% | -16.95% | -21.33% | -198.68% | 261.90% | 133.33% | -212.50% | -172.73% | -22916766.67% | 200.00% | -94.86% | |
net income margin % | 7.18% | 8.37% | -42.46% | 0.34% | 1.24% | 1.09% | 1.89% | 2.89% | 5.34% | 1.35% | 3.12% | 3.68% | 2.50% | 3.89% | 5.58% | 5.78% | 4.61% | 4.55% | 3.93% | 3.45% | 3.93% | 5.51% | -7.39% | -1.78% | -0.69% | 0.65% | -0.89% | 0.00% | Infinity% | Infinity% |
less: preferred stock dividends | 9,000,000 | 9,000,000 | 8,000,000 | 9,000,000 | 9,000,000 | 8,000,000 | ||||||||||||||||||||||||
less: undistributed income allocated to preferred stockholders | 16,000,000 | 2,000,000 | 1,000,000 | |||||||||||||||||||||||||||
net income available to common stockholders | 127,000,000 | 131,000,000 | -833,000,000 | -3,000,000 | 12,000,000 | 11,000,000 | ||||||||||||||||||||||||
earnings per common share: | ||||||||||||||||||||||||||||||
basic | 850,000 | 880,000 | -5,590,000 | 80,000 | 70,000 | 190,000 | 650,000 | |||||||||||||||||||||||
diluted | 850,000 | 850,000 | -5,590,000 | 80,000 | 70,000 | 190,000 | 630,000 | |||||||||||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||
basic | 149,000,000 | 149,000,000 | 149,000,000 | 146,000,000 | 147,000,000 | 146,000,000 | 146 | 147 | 147 | 147 | 147 | 146 | 145,755 | 145,457,000,000 | 145,118,000,000 | 144,036,000,000 | 144,284,000,000 | 143,939,000,000 | 143,382,000,000 | 125,348,000,000 | 123,421,000,000 | 123,203,000,000 | 122,962,000,000 | 122,722,000,000 | 122,770,000,000 | 122,700,000,000 | 122,570 | 122,499 | ||
diluted | 149,000,000 | 154,000,000 | 149,000,000 | 148,000,000 | 149,000,000 | 149,000,000 | 149,000,000 | 148 | 148 | 148 | 149 | 149 | 149 | 149,158 | 148,829,000,000 | 148,760,000,000 | 148,448,000,000 | 148,559,000,000 | 148,328,000,000 | 147,656,000,000 | 126,324,000,000 | 125,235,000,000 | 123,203,000,000 | 122,962,000,000 | 123,238,000,000 | 123,244,000,000 | 122,700,000,000 | 123,472 | 122,624 | |
restructuring expenses | 4,000,000 | 7,000,000 | ||||||||||||||||||||||||||||
income before taxes | 15,000,000 | 45,000,000 | 44,000,000 | 59,000,000 | 73,000,000 | 101,000,000 | 37,000,000 | 94,000,000 | 81,000,000 | 70,000,000 | 96,000,000 | 131,000,000 | 121,000,000 | 102,000,000 | 97,000,000 | 81,000,000 | 73,000,000 | 97,000,000 | 82,000,000 | -53,000,000 | -25,000,000 | -10,000,000 | 8,000,000 | -11,000,000 | 84 | 38 | -18 | |||
net income per common share: | ||||||||||||||||||||||||||||||
basic | -20,000 | |||||||||||||||||||||||||||||
diluted | -20,000 | |||||||||||||||||||||||||||||
weighted-average common shares outstanding: | ||||||||||||||||||||||||||||||
weighted-average basic number of common shares outstanding | 148,000,000 | |||||||||||||||||||||||||||||
diluted | 149,000,000 | 154,000,000 | 149,000,000 | 148,000,000 | 149,000,000 | 149,000,000 | 149,000,000 | 148 | 148 | 148 | 149 | 149 | 149 | 149,158 | 148,829,000,000 | 148,760,000,000 | 148,448,000,000 | 148,559,000,000 | 148,328,000,000 | 147,656,000,000 | 126,324,000,000 | 125,235,000,000 | 123,203,000,000 | 122,962,000,000 | 123,238,000,000 | 123,244,000,000 | 122,700,000,000 | 123,472 | 122,624 | |
earnings per share: | ||||||||||||||||||||||||||||||
basic | 0.29 | 0.56 | 0.14 | 0.34 | 0.39 | 0.26 | 0.43 | 0.6 | 0.46 | 0.47 | 0.4 | 0.34 | 0.48 | 0.61 | -0.62 | -0.17 | -0.08 | 0.07 | -0.09 | |||||||||||
diluted | 0.29 | 0.56 | 0.14 | 0.34 | 0.38 | 0.26 | 0.42 | 0.58 | 0.45 | 0.46 | 0.39 | 0.33 | 0.47 | 0.6 | -0.62 | -0.17 | -0.07 | 0.06 | -0.09 | |||||||||||
weighted-average number of shares outstanding: | ||||||||||||||||||||||||||||||
basic | 149,000,000 | 149,000,000 | 149,000,000 | 146,000,000 | 147,000,000 | 146,000,000 | 146 | 147 | 147 | 147 | 147 | 146 | 145,755 | 145,457,000,000 | 145,118,000,000 | 144,036,000,000 | 144,284,000,000 | 143,939,000,000 | 143,382,000,000 | 125,348,000,000 | 123,421,000,000 | 123,203,000,000 | 122,962,000,000 | 122,722,000,000 | 122,770,000,000 | 122,700,000,000 | 122,570 | 122,499 | ||
diluted | 149,000,000 | 154,000,000 | 149,000,000 | 148,000,000 | 149,000,000 | 149,000,000 | 149,000,000 | 148 | 148 | 148 | 149 | 149 | 149 | 149,158 | 148,829,000,000 | 148,760,000,000 | 148,448,000,000 | 148,559,000,000 | 148,328,000,000 | 147,656,000,000 | 126,324,000,000 | 125,235,000,000 | 123,203,000,000 | 122,962,000,000 | 123,238,000,000 | 123,244,000,000 | 122,700,000,000 | 123,472 | 122,624 | |
restructuring and impairment expenses | 38,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||||||||||||||
other expense | 31,250,000 | 44,000,000 | 41,000,000 | 40,000,000 | 28,000,000 | 58,000,000 | 28,000,000 | 44,000,000 | 41,000,000 | 35,000,000 | 29,000,000 | 42,000,000 | 64,000,000 | 35,000,000 | 35,000,000 | -16,000,000 | 47,000,000 | 146,000,000 | ||||||||||||
earnings per share | ||||||||||||||||||||||||||||||
basic | 0.29 | 0.56 | 0.14 | 0.34 | 0.39 | 0.26 | 0.43 | 0.6 | 0.46 | 0.47 | 0.4 | 0.34 | 0.48 | 0.61 | -0.62 | -0.17 | -0.08 | 0.07 | -0.09 | |||||||||||
diluted | 0.29 | 0.56 | 0.14 | 0.34 | 0.38 | 0.26 | 0.42 | 0.58 | 0.45 | 0.46 | 0.39 | 0.33 | 0.47 | 0.6 | -0.62 | -0.17 | -0.07 | 0.06 | -0.09 | |||||||||||
weighted-average number of shares outstanding | ||||||||||||||||||||||||||||||
basic | 149,000,000 | 149,000,000 | 149,000,000 | 146,000,000 | 147,000,000 | 146,000,000 | 146 | 147 | 147 | 147 | 147 | 146 | 145,755 | 145,457,000,000 | 145,118,000,000 | 144,036,000,000 | 144,284,000,000 | 143,939,000,000 | 143,382,000,000 | 125,348,000,000 | 123,421,000,000 | 123,203,000,000 | 122,962,000,000 | 122,722,000,000 | 122,770,000,000 | 122,700,000,000 | 122,570 | 122,499 | ||
diluted | 149,000,000 | 154,000,000 | 149,000,000 | 148,000,000 | 149,000,000 | 149,000,000 | 149,000,000 | 148 | 148 | 148 | 149 | 149 | 149 | 149,158 | 148,829,000,000 | 148,760,000,000 | 148,448,000,000 | 148,559,000,000 | 148,328,000,000 | 147,656,000,000 | 126,324,000,000 | 125,235,000,000 | 123,203,000,000 | 122,962,000,000 | 123,238,000,000 | 123,244,000,000 | 122,700,000,000 | 123,472 | 122,624 | |
earnings per common share | ||||||||||||||||||||||||||||||
basic | 850,000 | 880,000 | -5,590,000 | 80,000 | 70,000 | 190,000 | 650,000 | |||||||||||||||||||||||
diluted | 850,000 | 850,000 | -5,590,000 | 80,000 | 70,000 | 190,000 | 630,000 | |||||||||||||||||||||||
weighted-average number of common shares outstanding | ||||||||||||||||||||||||||||||
basic | 149,000,000 | 149,000,000 | 149,000,000 | 146,000,000 | 147,000,000 | 146,000,000 | 146 | 147 | 147 | 147 | 147 | 146 | 145,755 | 145,457,000,000 | 145,118,000,000 | 144,036,000,000 | 144,284,000,000 | 143,939,000,000 | 143,382,000,000 | 125,348,000,000 | 123,421,000,000 | 123,203,000,000 | 122,962,000,000 | 122,722,000,000 | 122,770,000,000 | 122,700,000,000 | 122,570 | 122,499 | ||
diluted | 149,000,000 | 154,000,000 | 149,000,000 | 148,000,000 | 149,000,000 | 149,000,000 | 149,000,000 | 148 | 148 | 148 | 149 | 149 | 149 | 149,158 | 148,829,000,000 | 148,760,000,000 | 148,448,000,000 | 148,559,000,000 | 148,328,000,000 | 147,656,000,000 | 126,324,000,000 | 125,235,000,000 | 123,203,000,000 | 122,962,000,000 | 123,238,000,000 | 123,244,000,000 | 122,700,000,000 | 123,472 | 122,624 | |
operating profit | 172,000,000 | 141,000,000 | 167,000,000 | 121,000,000 | 130,000,000 | 152,000,000 | 131,000,000 | -6,000,000 | 34,000,000 | 72,000,000 | 59,000,000 | 42,000,000 | ||||||||||||||||||
tax expense | 34,000,000 | 35,000,000 | 29,000,000 | 23,000,000 | 24,000,000 | 38,000,000 | 7,000,000 | 23,000,000 | -4,000,000 | -1,000,000 | 36 | 22 | -329 | |||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||
basic net income per share | 0.39 | |||||||||||||||||||||||||||||
diluted net income per share | 0.39 | |||||||||||||||||||||||||||||
net sales | 890,250,000 | 1,200,000,000 | ||||||||||||||||||||||||||||
interest and other charges | ||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding | ||||||||||||||||||||||||||||||
basic and diluted | 122,967 | |||||||||||||||||||||||||||||
per share amounts | ||||||||||||||||||||||||||||||
basic and diluted net income per share | 0.79 | 2.53 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-27 | 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 | 661,000,000 | 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 | 1,073,000,000 | 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 | 1,354,000,000 | 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 | 270,000,000 | 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 | 3,358,000,000 | 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 | 447,000,000 | 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 | 3,100,000,000 | 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 | 1,091,000,000 | 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 | 437,000,000 | 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 | 8,433,000,000 | 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 | 1,131,000,000 | 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 | 624,000,000 | 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 | 1,755,000,000 | 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 | 3,167,000,000 | 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 | 1,407,000,000 | 1,410,000,000 | 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 | 594,000,000 | 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 | 5,516,000,000 | 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... | 482,000,000 | 482,000,000 | ||||||||||||||||||||||||||||
common stock | ||||||||||||||||||||||||||||||
additional paid-in capital | 2,391,000,000 | 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 | 345,000,000 | 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 income | -157,000,000 | |||||||||||||||||||||||||||||
treasury stock | -144,000,000 | -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 | 2,917,000,000 | 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 | 8,433,000,000 | 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 | |||||||||||||||
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 | |||||||||||||||||||||||||||||
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 | ||||||||
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 | |||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||
common shares, 0.001 par value... | ||||||||||||||||||||||||||||||
treasury shares | -31,000,000 | |||||||||||||||||||||||||||||
accounts receivable less allowances of 11 million and 9 million, respectively | 1,073,000,000 | |||||||||||||||||||||||||||||
common stock, 0.001 par value... | ||||||||||||||||||||||||||||||
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 | |||||||||||||||||||||||||
short-term portion of debt | 88,000,000 | |||||||||||||||||||||||||||||
accounts receivables | 838,000,000 | |||||||||||||||||||||||||||||
due from related parties, current | 26,000,000 | |||||||||||||||||||||||||||||
deferred income taxes | 84,000,000 | 4,000,000 | ||||||||||||||||||||||||||||
due to related parties, current | 162,000,000 | |||||||||||||||||||||||||||||
pension obligations | 88,000,000 | |||||||||||||||||||||||||||||
invested equity | 2,809,000,000 | |||||||||||||||||||||||||||||
accounts, notes and other receivables – net | 783,000,000 | |||||||||||||||||||||||||||||
other intangible assets - net | 138,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-27 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||
net income | 136,000,000 | 156,000,000 | -825,000,000 | 6,000,000 | 23,000,000 | 20,000,000 | 30,000,000 | 43,000,000 | 82,000,000 | 21,000,000 | 50,000,000 | 57,000,000 | 39,000,000 | 63,000,000 | 94,000,000 | 87,000,000 | 67,000,000 | 68,000,000 | 58,000,000 | 49,000,000 | 59,000,000 | 75,000,000 | -76,000,000 | -21,000,000 | -9,000,000 | 8,000,000 | -11,000,000 | 48,000,000 | 16,000,000 |
adjustments to reconcile net income to net cash in operating activities: | |||||||||||||||||||||||||||||
depreciation and amortization | 50,000,000 | 49,000,000 | 49,000,000 | 47,000,000 | 46,000,000 | 46,000,000 | 28,000,000 | 24,000,000 | 27,000,000 | 22,000,000 | 25,000,000 | 24,000,000 | 25,000,000 | 24,000,000 | 25,000,000 | 20,000,000 | 21,000,000 | 22,000,000 | 22,000,000 | 23,000,000 | 22,000,000 | 22,000,000 | 21,000,000 | 21,000,000 | 25,000,000 | 19,000,000 | 20,000,000 | 16,000,000 | |
restructuring, impairment and extinguishment costs | 7,000,000 | 3,000,000 | 5,000,000 | ||||||||||||||||||||||||||
stock-based compensation expense | 14,000,000 | 13,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 14,000,000 | 8,000,000 | 11,000,000 | 13,000,000 | 12,000,000 | |||||||||||||||||
other | -35,000,000 | -9,000,000 | 2,000,000 | 6,000,000 | 2,000,000 | -12,000,000 | 14,000,000 | 3,000,000 | -16,000,000 | 0 | 0 | 2,000,000 | -2,000,000 | 13,000,000 | -7,000,000 | 2,000,000 | -1,000,000 | -14,000,000 | -7,000,000 | 25,000,000 | 1,000,000 | -1,000,000 | 9,000,000 | 12,000,000 | |||||
changes in assets and liabilities, net of acquired companies: | |||||||||||||||||||||||||||||
accounts receivable | 72,000,000 | -16,000,000 | -72,000,000 | -13,000,000 | 61,000,000 | -22,000,000 | -91,000,000 | 34,000,000 | 28,000,000 | 26,000,000 | -58,000,000 | 23,000,000 | 70,000,000 | 3,000,000 | -84,000,000 | -61,000,000 | 48,000,000 | -45,000,000 | -16,000,000 | -17,000,000 | 37,000,000 | -177,000,000 | 130,000,000 | -17,000,000 | |||||
inventories | -25,000,000 | -71,000,000 | -13,000,000 | 17,000,000 | -58,000,000 | -9,000,000 | -11,000,000 | 7,000,000 | 36,000,000 | 11,000,000 | 12,000,000 | -27,000,000 | 7,000,000 | -2,000,000 | -14,000,000 | -23,000,000 | -72,000,000 | -30,000,000 | |||||||||||
other current assets | -19,000,000 | -9,000,000 | -35,000,000 | 9,000,000 | -20,000,000 | 6,000,000 | 6,000,000 | 3,000,000 | 11,000,000 | -8,000,000 | 11,000,000 | -8,000,000 | 12,000,000 | -17,000,000 | -9,000,000 | -12,000,000 | 33,000,000 | 18,000,000 | -40,000,000 | 16,000,000 | -10,000,000 | 2,000,000 | 3,000,000 | 10,000,000 | -40,000,000 | -5,000,000 | 8,000,000 | -16,000,000 | -23,000,000 |
accounts payable | 88,000,000 | -66,000,000 | 109,000,000 | -101,000,000 | 65,000,000 | 31,000,000 | 75,000,000 | -44,000,000 | 32,000,000 | -58,000,000 | 56,000,000 | -12,000,000 | -48,000,000 | -49,000,000 | 37,000,000 | 17,000,000 | -23,000,000 | -4,000,000 | 0 | -15,000,000 | 61,000,000 | 47,000,000 | -108,000,000 | -1,000,000 | -15,000,000 | -48,000,000 | -45,000,000 | 70,000,000 | 80,000,000 |
accrued liabilities | -110,000,000 | -70,000,000 | 185,000,000 | -112,000,000 | 69,000,000 | 13,000,000 | 11,000,000 | -89,000,000 | 80,000,000 | -20,000,000 | -8,000,000 | -86,000,000 | -29,000,000 | 22,000,000 | 19,000,000 | -66,000,000 | -12,000,000 | 36,000,000 | 56,000,000 | -66,000,000 | -17,000,000 | 40,000,000 | 88,000,000 | -80,000,000 | 28,000,000 | 11,000,000 | -11,000,000 | -6,000,000 | 80,000,000 |
non-current obligations payable under the indemnification agreement | |||||||||||||||||||||||||||||
net cash from operating activities | 299,000,000 | -1,571,000,000 | 200,000,000 | -65,000,000 | 203,000,000 | 147,000,000 | 92,000,000 | 2,000,000 | 263,000,000 | 60,000,000 | 121,000,000 | -4,000,000 | 139,000,000 | 37,000,000 | 35,000,000 | -59,000,000 | 112,000,000 | 104,000,000 | 94,000,000 | 5,000,000 | 152,000,000 | 21,000,000 | 145,000,000 | -74,000,000 | 93,000,000 | -33,000,000 | -27,000,000 | -10,000,000 | 87,000,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||
acquisitions, net of cash acquired | -3,000,000 | 0 | 0 | -10,000,000 | 0 | -6,000,000 | -5,000,000 | -27,000,000 | |||||||||||||||||||||
capital expenditures | -37,000,000 | -28,000,000 | -20,000,000 | -31,000,000 | -22,000,000 | -22,000,000 | -15,000,000 | -21,000,000 | -31,000,000 | -25,000,000 | -29,000,000 | -20,000,000 | -51,000,000 | -10,000,000 | 0 | -19,000,000 | -15,000,000 | -13,000,000 | -16,000,000 | -19,000,000 | -20,000,000 | -19,000,000 | -15,000,000 | -16,000,000 | -29,000,000 | -28,000,000 | -23,000,000 | -15,000,000 | -1,000,000 |
free cash flows | 262,000,000 | -1,599,000,000 | 180,000,000 | -96,000,000 | 181,000,000 | 125,000,000 | 77,000,000 | -19,000,000 | 232,000,000 | 35,000,000 | 92,000,000 | -24,000,000 | 88,000,000 | 27,000,000 | 35,000,000 | -78,000,000 | 97,000,000 | 91,000,000 | 78,000,000 | -14,000,000 | 132,000,000 | 2,000,000 | 130,000,000 | -90,000,000 | 64,000,000 | -61,000,000 | -50,000,000 | -25,000,000 | 86,000,000 |
proceeds from sale of business | |||||||||||||||||||||||||||||
other investing activities | 2,000,000 | 0 | 7,000,000 | -1,000,000 | |||||||||||||||||||||||||
net cash from investing activities | 40,000,000 | -28,000,000 | -20,000,000 | -31,000,000 | -23,000,000 | -22,000,000 | -1,342,000,000 | -22,000,000 | 46,000,000 | -35,000,000 | -29,000,000 | -26,000,000 | -57,000,000 | -37,000,000 | -5,000,000 | -665,000,000 | -9,000,000 | -14,000,000 | -18,000,000 | -24,000,000 | -18,000,000 | -19,000,000 | -15,000,000 | -51,000,000 | -29,000,000 | -28,000,000 | -34,000,000 | -21,000,000 | -18,000,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 0 | 0 | |||||||||||||||||||||||||||
proceeds from issuance of preferred stock, net of issuance costs | 0 | 0 | |||||||||||||||||||||||||||
preferred stock dividend payments | -9,000,000 | -9,000,000 | -8,000,000 | -9,000,000 | |||||||||||||||||||||||||
acquisition of treasury stock to cover stock award tax withholding | |||||||||||||||||||||||||||||
repayments of long-term debt | -6,000,000 | -1,000,000 | -3,000,000 | -596,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | |||||||||||||||||
common stock repurchases | 0 | -1,000,000 | -13,000,000 | ||||||||||||||||||||||||||
other financing activities | -10,000,000 | 11,000,000 | 0 | 2,000,000 | 3,000,000 | -6,000,000 | -2,000,000 | -4,000,000 | -1,000,000 | 2,000,000 | -6,000,000 | -6,000,000 | |||||||||||||||||
net cash from financing activities | -31,000,000 | 1,192,000,000 | -11,000,000 | -22,000,000 | -12,000,000 | -9,000,000 | 1,060,000,000 | -8,000,000 | -17,000,000 | -29,000,000 | -9,000,000 | -9,000,000 | -12,000,000 | -1,000,000 | -6,000,000 | 189,000,000 | -8,000,000 | 21,000,000 | -6,000,000 | 13,000,000 | 118,000,000 | -106,000,000 | -108,000,000 | 349,000,000 | -75,000,000 | 53,000,000 | -8,000,000 | -23,000,000 | 19,000,000 |
effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | 8,000,000 | -1,000,000 | 7,000,000 | 3,000,000 | -7,000,000 | 2,000,000 | 0 | -5,000,000 | -25,000,000 | -9,000,000 | 4,000,000 | 6,000,000 | 4,000,000 | ||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 161,000,000 | 118,000,000 | 267,000,000 | -13,000,000 | 74,000,000 | ||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | |||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||||||||||
obligations payable under the indemnification agreement | -1,625,000,000 | ||||||||||||||||||||||||||||
acquisition of treasury shares to cover stock award tax withholding | -7,000,000 | -1,000,000 | -15,000,000 | ||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -115,000,000 | -33,000,000 | -33,000,000 | ||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 693,000,000 | 0 | 0 | 637,000,000 | 0 | 0 | 329,000,000 | 0 | |||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | -408,000,000 | 176,000,000 | 578,000,000 | 118,000,000 | -190,000,000 | 604,000,000 | -13,000,000 | 87,000,000 | 296,000,000 | 0 | |||||||||||||||||||
restructuring expenses | 4,000,000 | 7,000,000 | |||||||||||||||||||||||||||
obligations payable under indemnification agreements | 54,000,000 | 7,000,000 | -2,000,000 | 3,000,000 | 1,000,000 | -7,000,000 | 4,000,000 | ||||||||||||||||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||||
interest paid, net of swaps | 39,000,000 | 21,000,000 | 19,000,000 | 16,000,000 | 22,000,000 | ||||||||||||||||||||||||
taxes paid, net of refunds | 21,000,000 | 46,000,000 | 28,000,000 | 60,000,000 | 28,000,000 | 19,000,000 | 37,000,000 | 48,000,000 | 19,000,000 | ||||||||||||||||||||
capital expenditures in accounts payable | 12,000,000 | 6,000,000 | 0 | 5,000,000 | 11,000,000 | -5,000,000 | -1,000,000 | 5,000,000 | 15,000,000 | ||||||||||||||||||||
deferred income taxes | -22,000,000 | -48,000,000 | |||||||||||||||||||||||||||
preferred dividend payments | |||||||||||||||||||||||||||||
other liabilities | 20,000,000 | 5,000,000 | 7,000,000 | 7,000,000 | 5,000,000 | ||||||||||||||||||||||||
proceeds from issuance of incremental term loans under the a&r term b facility | |||||||||||||||||||||||||||||
restructuring and impairment expenses | 0 | 38,000,000 | |||||||||||||||||||||||||||
proceeds from issuance of a&r term b facility | 0 | 0 | |||||||||||||||||||||||||||
interest paid | -1,000,000 | 35,000,000 | 19,000,000 | 27,000,000 | 16,000,000 | 17,000,000 | |||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||
payment of debt facility issuance and modification costs | -4,000,000 | 0 | -18,000,000 | 0 | -21,000,000 | ||||||||||||||||||||||||
loss on extinguishment of debt | 0 | ||||||||||||||||||||||||||||
issuance of common stock through public offering, net of issuance costs | |||||||||||||||||||||||||||||
share-based compensation expense | 14,000,000 | ||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effect of acquisitions: | |||||||||||||||||||||||||||||
payments of debt facility issuance and modification costs | 0 | ||||||||||||||||||||||||||||
income taxes paid | 50,000,000 | -5,000,000 | |||||||||||||||||||||||||||
effect of foreign exchange rate changes on cash and cash equivalents | -2,000,000 | -4,000,000 | 1,000,000 | -3,000,000 | 5,000,000 | 2,000,000 | 2,000,000 | -8,000,000 | 1,000,000 | 1,000,000 | -7,000,000 | ||||||||||||||||||
net increase in cash and cash equivalents and restricted cash | |||||||||||||||||||||||||||||
stock compensation expense | 11,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 9,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 7,000,000 | 3,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 5,000,000 | |||||||||||||||
inventories – net | -66,000,000 | -33,000,000 | -32,000,000 | 2,000,000 | -10,000,000 | -45,000,000 | 6,000,000 | 64,000,000 | -6,000,000 | ||||||||||||||||||||
cash flows used for investing activities: | |||||||||||||||||||||||||||||
expenditures for property, plant, equipment and other intangibles | -19,000,000 | -15,000,000 | -13,000,000 | -16,000,000 | -19,000,000 | -20,000,000 | -19,000,000 | -15,000,000 | -16,000,000 | ||||||||||||||||||||
cash paid for acquisitions, net of cash acquired | -633,000,000 | 0 | -1,000,000 | -5,000,000 | -5,000,000 | 0 | 0 | 0 | -35,000,000 | 0 | 0 | -11,000,000 | -6,000,000 | ||||||||||||||||
proceeds from long-term debt | 200,000,000 | 0 | 300,000,000 | 0 | 950,000,000 | ||||||||||||||||||||||||
repayment of long-term debt | -3,000,000 | -3,000,000 | -262,000,000 | -2,000,000 | -921,000,000 | -11,000,000 | -5,000,000 | -11,000,000 | 0 | -5,000,000 | -6,000,000 | ||||||||||||||||||
net decrease in cash and cash equivalents | -535,000,000 | ||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 779,000,000 | 0 | 0 | 517,000,000 | 0 | 0 | 0 | 122,000,000 | 0 | 0 | 0 | 265,000,000 | 0 | ||||||||||||||||
cash and cash equivalents at end of period | 244,000,000 | 107,000,000 | 71,000,000 | 508,000,000 | 257,000,000 | -102,000,000 | 24,000,000 | 338,000,000 | -10,000,000 | -10,000,000 | -70,000,000 | 212,000,000 | 81,000,000 | ||||||||||||||||
other assets | -9,000,000 | 2,000,000 | -7,000,000 | -1,000,000 | 2,000,000 | ||||||||||||||||||||||||
issuance of common stock through public offering, net of issuance cost | |||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 93,000,000 | 107,000,000 | 71,000,000 | -9,000,000 | 257,000,000 | -102,000,000 | 24,000,000 | 216,000,000 | -10,000,000 | -10,000,000 | -70,000,000 | -53,000,000 | 81,000,000 | ||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||
net proceeds from revolving credit facility | -100,000,000 | -100,000,000 | 350,000,000 | ||||||||||||||||||||||||||
cash flows from for investing activities: | |||||||||||||||||||||||||||||
distribution to honeywell in connection with spin-off | |||||||||||||||||||||||||||||
net increase in invested equity | |||||||||||||||||||||||||||||
non-operating obligations from honeywell | |||||||||||||||||||||||||||||
restructuring charges, net of payments | -2,000,000 | 1,000,000 | 5,000,000 | ||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||
non-operating obligations paid to honeywell | -1,000,000 | -6,000,000 | -3,000,000 | -15,000,000 | |||||||||||||||||||||||||
tax payments related to stock vestings | 0 | -1,000,000 | -1,000,000 | -1,000,000 | 0 | -2,000,000 | |||||||||||||||||||||||
obligations payable to honeywell under indemnification agreements | |||||||||||||||||||||||||||||
cash flows used for operating activities: | |||||||||||||||||||||||||||||
obligations payable to honeywell | -2,000,000 | 14,000,000 | -1,000,000 | 1,000,000 | -49,000,000 | ||||||||||||||||||||||||
accounts receivables | |||||||||||||||||||||||||||||
expenditures for property, plant, equipment and software | -29,000,000 | -28,000,000 | -23,000,000 | -15,000,000 | |||||||||||||||||||||||||
repositioning charges, net of payments | -2,000,000 | ||||||||||||||||||||||||||||
other noncash expense | 7,000,000 | 3,000,000 | 3,000,000 | ||||||||||||||||||||||||||
accounts, notes and other receivables | -20,000,000 | 10,000,000 | -17,000,000 | -51,000,000 | |||||||||||||||||||||||||
proceeds received related to amounts due from related parties | 0 | ||||||||||||||||||||||||||||
payments related to amounts due to related parties | |||||||||||||||||||||||||||||
net decrease in invested equity | |||||||||||||||||||||||||||||
cashflow provided by cash pooling | |||||||||||||||||||||||||||||
cash flows used for financing activities: | |||||||||||||||||||||||||||||
cashflow used by cash pooling | |||||||||||||||||||||||||||||
net cash flow used by cash pooling | |||||||||||||||||||||||||||||
depreciation | 5,000,000 | ||||||||||||||||||||||||||||
amortization | 12,000,000 | ||||||||||||||||||||||||||||
repositioning charges | |||||||||||||||||||||||||||||
net payments for repositioning charges | |||||||||||||||||||||||||||||
pension expense | 1,000,000 | ||||||||||||||||||||||||||||
pension obligations | |||||||||||||||||||||||||||||
expenditures for property, plant and equipment | -1,000,000 | ||||||||||||||||||||||||||||
expenditures for software | |||||||||||||||||||||||||||||
payments related to amounts due from related parties | |||||||||||||||||||||||||||||
payment of debt issuance costs | |||||||||||||||||||||||||||||
payment of revolving credit facility fees | |||||||||||||||||||||||||||||
net cash flow from (used by) cash pooling | |||||||||||||||||||||||||||||
repositioning | |||||||||||||||||||||||||||||
net payments for repositioning | |||||||||||||||||||||||||||||
bad debt expense | |||||||||||||||||||||||||||||
issuance related to amounts due from related parties | |||||||||||||||||||||||||||||
net (decrease) in invested equity | |||||||||||||||||||||||||||||
proceeds received related to amounts due to related parties | |||||||||||||||||||||||||||||
net cash flows from cash pooling |