Diverse business mix across the aerospace and defense, manufacturing, and chemicals sectors; Exposure to cyclical and competitive industries but with strong leadership positions (generally No. 1 or No. 2) in addressable markets; Good geographic diversity with increasing exposure to high growth regions like India, China and the Middle East; and A solid track record of effective execution and ongoing operational initiatives that support above-average aggregate and reasonably stable profitability. Strong and consistent adjusted free operating cash flow (FOCF) generation likely in excess of $4.7 billion annually; and Capacity to pursue financial objectives, including acquisitions, share repurchases, and moderately growing dividends while maintaining credit measures in line with the rating. The outlook on Honeywell International Inc. is stable. Despite market-driven pressures
