T-Mobile Declares Quarterly Cash DividendOTTAWA - The Atlantic Liberal caucus is calling on Prime Minister Justin Trudeau to resign as party leader in a letter. Read this article for free: Already have an account? To continue reading, please subscribe: * OTTAWA - The Atlantic Liberal caucus is calling on Prime Minister Justin Trudeau to resign as party leader in a letter. Read unlimited articles for free today: Already have an account? OTTAWA – The Atlantic Liberal caucus is calling on Prime Minister Justin Trudeau to resign as party leader in a letter. The letter dated Dec. 23 was shared publicly today by New Brunswick MP Wayne Long, who has been saying since the fall that Trudeau should step down. Atlantic caucus chair and Nova Scotia MP Kody Blois penned the letter, saying the events following Chrystia Freeland’s cabinet resignation, signals from the opposition parties to declare non-confidence at the first opportunity, and U.S. president-elect Donald Trump’s tariff threats make it no longer “tenable” for Trudeau to continue to lead the party. Conservative MP John Williamson said Friday he plans to introduce a non-confidence motion at the next public accounts committee meeting on Jan. 7. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. If that motion is successful at committee, it would be forwarded to the House of Commons and could be voted on as soon as Jan. 30, triggering an election if it passes. This report by The Canadian Press was first published Dec. 29, 2024. Advertisement

Miami Dolphins injury updates: 21-day practice windows open for Bradley Chubb and Cameron GoodeKILLINGTON, Vt. (AP) — American skier Mikaela Shiffrin said she suffered an abrasion on her left hip and that something “stabbed” her when she crashed during her second run of a World Cup giant slalom race Saturday, doing a flip and sliding into the protective fencing. Shiffrin stayed down on the edge of the course for quite some time as the ski patrol attended to her. She was taken off the hill on a sled and waved to the cheering crowd before going to a clinic for evaluation. “Not really too much cause for concern at this point, I just can’t move,” she said later in a video posted on social media . “I have a pretty good abrasion and something stabbed me. ... I’m so sorry to scare everybody. It looks like all scans so far are clear.” She plans to skip the slalom race Sunday, writing on Instagram she will be “cheering from the sideline.” The 29-year-old was leading after the first run of the GS and charging for her 100th World Cup win. She was within sight of the finish line, five gates onto Killington’s steep finish pitch, when she an outside edge. She hit a gate and did a somersault before sliding into another gate. The fencing slowed her momentum as she came to an abrupt stop. Reigning Olympic GS champion Sara Hector of Sweden won in a combined time of 1 minute, 53.08 seconds. Zrinka Ljutic of Croatia was second and Swiss racer Camille Rast took third. The Americans saw Paula Moltzan and Nina O’Brien finish fifth and sixth. “It’s just so sad, of course, to see Mikaela crash like that and skiing so well,” Hector said on the broadcast after her win. “It breaks my heart and everybody else here.” The crash was a surprise for everyone. Shiffrin rarely DNFs — ski racing parlance for “did not finish.” In 274 World Cup starts, she DNF'd only 18 times. The last time she DNF'd in GS was January 2018. Shiffrin also has not suffered any devastating injuries. In her 14-year career, she has rehabbed only two on-hill injuries: a torn medial collateral ligament and bone bruising in her right knee in December 2015 and a sprained MCL and tibiofibular ligament in her left knee after a downhill crash in January 2024. Neither knee injury required surgery, and both times, Shiffrin was back to racing within two months. Saturday was shaping up to be a banner day for Shiffrin, who skied flawlessly in the first run and held a 0.32-second lead as she chased after her 100th World Cup win. Shiffrin, who grew up in both New Hampshire and Colorado and sharpened her skills at nearby Burke Mountain Academy, has long been a fan favorite. Shiffrin is driven not so much by wins but by arcing the perfect run. She has shattered so many records along the way. She passed Lindsey Vonn’s women’s mark of 82 World Cup victories on Jan. 24, 2023, during a giant slalom in Kronplatz, Italy. That March, Shiffrin broke Swedish great Ingemar Stenmark’s Alpine mark for most World Cup wins when she captured her 87th career race. To date, she has earned five overall World Cup titles, two Olympic gold medals — along with a silver — and seven world championships. In other FIS Alpine World Cup news, the Tremblant World Cup — two women’s giant slaloms at Quebec’s Mont-Tremblant scheduled for next weekend — were canceled. Killington got 21 inches of snow on Thanksgiving Day, but Tremblant — five hours north of Killington — had to cancel its races because of a lack of snow. AP Sports Writer Pat Graham in Denver contributed to this report. More AP skiing: https://apnews.com/hub/alpine-skiing

Nominees for Trump's administration continue to make their rounds on Capitol Hill, where they've been holding meetings and courting favor for days. Kash Patel, President-elect Donald Trump's nominee to direct the FBI, was in meetings with lawmakers the same day that current Director Chris Wray announced he would resign at the end of President Biden's term. Patel met with Sen. Ron Johnson, a Republican from Wisconsin, on Wednesday. Before the meeting, he told reporters he was ready to begin work immediately if he's confirmed. Wray's departure may make Patel's path to confirmation easier. And some Republican Senators have told Scripps News they see no reason their colleagues would object to Patel's nomination during confirmation hearings. "I think this is a great development," Sen. Josh Hawley, R-MO, told reporters. "I think this is long overdue and much needed. I look forward to confirming his successor." "I don't know what the opposition to Kash Patel really is," Hawley said. "I understand he is a conservative, and I understand my liberal colleagues don't like that. But a conservative just won the election." RELATED STORY | FBI Director Christopher Wray says he will resign at the end of Biden's term Meanwhile, Pete Hegseth, Trump's nominee for secretary of defense, continues to meet with lawmakers. There is not as much discussion of potentially replacing Hegseth as the nominee as there was last week. Sen. Susan Collins told reporters on Wednesday that she had asked Hegseth numerous questions about allegations of sexual assault. His comments on Wednesday also suggested his stance on women serving in the military has shifted. Before he was nominated to be secretary of defense, Hegseth made comments on the Shawn Ryan Show Podcast that women do not belong in combat roles. “I’m straight up just saying we should not have women in combat roles. It hasn’t made us more effective. Hasn’t made us more lethal. Has made fighting more complicated,” he said at the time. On Wednesday, Hegseth told reporters "I look forward to being a leader for every single member of this Pentagon, men and women."

Panic among spectators at soccer game kills at least 56 in the West African nation of Guinea

PHILADELPHIA (AP) — Corey McKeithan scored 28 points as La Salle beat Temple 83-75 on Saturday night. McKeithan shot 10 of 19 from the field, including 3 for 6 from 3-point range, and went 5 for 5 from the line for the Explorers (6-2). Demetrius Lilley added 13 points while shooting 5 for 12, including 2 for 4 from beyond the arc while he also had six rebounds. Jahlil White shot 3 of 13 from the field and 5 of 5 from the free-throw line to finish with 11 points, while adding 12 rebounds. Quante Berry led the Owls (4-3) in scoring, finishing with 18 points, 15 rebounds and two blocks. Temple also got 15 points from Jamal Mashburn Jr.. William Settle had 13 points and seven rebounds. La Salle took the lead with 14:45 to go in the first half and did not relinquish it. The score was 42-33 at halftime, with McKeithan racking up 16 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Memoirs of a Brit on Death Row Presents The Harrowing Journey of Survival and Justice

Published 3:31 pm Tuesday, December 24, 2024 By Data Skrive The NBA lineup today, which includes the Denver Nuggets versus the Phoenix Suns, is sure to please. Read our betting odds preview below for a breakdown of all the important games in the NBA today. Get the latest news sent to your inbox Sign up for NBA League Pass to get access to games, live and on-demand, and more for the entire season and offseason. Watch ESPN originals, The Last Dance and more NBA content on ESPN+. Use our link to sign up for ESPN+ or the Disney bundle. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .

OAKLAND — The race to be Oakland’s next mayor may have officially kicked off Monday, but the starting line is eerily quiet — and may continue to be until Rep. Barbara Lee makes up her mind about whether to run. Lee, the longtime East Bay congresswoman and stalwart of progressive politics, said late last week in a social media post that she will announce her decision in early January, noting the decision was “not one I take lightly.” In the meantime, Lee has held numerous private meetings with city officials about the issues affecting Oakland, from the ongoing budget crisis to homelessness to policing, two sources with direct knowledge of those conversations told this news organization. The policy “deep dive,” as a source not authorized to speak publicly put it, might offer reassurance to skeptics who worry that the retiring legislator, who has represented Oakland, Alameda, Berkeley and San Leandro in Congress since 1998, would struggle to adapt to running a city full-time. But the larger consequence of Lee’s decision-making timeline is that the run-up to the April 15 special election to replace Mayor Sheng Thao has largely stalled. Most candidates are holding off until Lee makes a move. Hours after the formal start on Monday of the candidate filing period, which lasts until Jan. 17, only two people had scheduled appointments to pull papers for the office — Peter Liu and Mindy Ruth Pechenuk , a pair of fringe prospects who are unlikely to make a dent in the race. Loren Taylor, the runner-up in the 2022 mayoral election, said Monday he plans to pull papers in the coming days, noting in an interview that his desire to help Oakland grow as a city won’t be affected by whom he’s running against. But others, such as former Councilmember Ignacio De La Fuente and lobbyist Isaac Kos-Read, have said they’re holding off. “To be candid, I’m getting a little restless — but out of respect I have to wait,” De La Fuente said Monday in an interview. “Hopefully, she’ll make a decision soon.” An open letter published last week by numerous Oakland leaders urging Lee to run included sign-offs from City Council members Nikki Fortunato Bas, Treva Reid and Dan Kalb, as well as prospective candidate Kos-Read. The letter included signatures from both labor leaders and local political figures who otherwise have often clashed on issues like crime and public spending. “We need someone who can bring the new ideas, policies, resources and opportunities that the people of Oakland deserve,” the letter read. “That person is Barbara Lee.” There are other examples of weighty political races symbolically put on hold amid “will they, won’t they” tension involving potential candidates, including late Sen. Dianne Feinstein’s indecision to run for California governor in 1998. But the upcoming special election in Oakland is unique in how strongly some local leaders seem to be thinking past the election entirely in their overtures to Lee, said political expert Dan Schnur. “These communities and business and labor leaders aren’t begging her to run because they think she’s the only one who can win,” Schnur said. “They think she’s the only one who can govern.” The clearest sign of how many in the city view Lee — who has often weighed in on local affairs to oppose Thao’s recall or support striking teachers or chastise the departing A’s — might be a billboard that popped up in recent weeks along Interstate 880 in East Oakland. “Thank You, Barbara Lee,” it reads, “for bringing over half a billion dollars of federal funds into Oakland in 2024!” The billboard, hoisted near the highway’s High Street exit, also links to a website, thankyoubarbaralee.com, which lists some of Lee’s accomplishments and includes a sign-up form “to add your name to our letter of gratitude!” Both the physical and digital ads were created by the East Oakland Youth Development Center. Selena Wilson, the nonprofit’s CEO, said the gesture had nothing to do with the upcoming special election and was solely intended to honor the congresswoman for her longtime support of the center. Nationally, Lee is perhaps best known for being the only member of Congress to oppose the use of military force following the Sept. 11, 2001, terrorist attacks. Her entry into the race would bring a layer of gravitas to the top political office in Oakland, a city whose reputation took a hit after crime rose and the economy declined during the pandemic. But it may also bring back memories of the mayoral tenure of the late Rep. Ron Delllums, whose decorated legacy was hurt by the perception that he was an absentee leader during the Great Recession, or former Gov. Jerry Brown, whose time as mayor coincided with the infamous Riders police brutality scandal. Taylor, meanwhile, is steadfast about wanting to lead, an ambition that has not diminished in the two years since his loss to Thao by fewer than 700 ranked-choice votes. “I think the fact that the others are playing a game of political calculus,” he said, “is indicative of where their leadership commitment is and how confident they are in what they’re bringing to the table.”

Weber St. 68, Pepperdine 53

Agreement includes collaborative research and development centered on Honeywell Anthem avionics, selection of more powerful engines, and next-generation satellite communications technologies for Bombardier aircraft Aftermarket offerings and new technologies provide Honeywell revenue potential of up to $17 billion over life of agreement All legacy pending litigation between the companies has been resolved CHARLOTTE, N.C. , Dec. 2, 2024 /PRNewswire/ -- Honeywell HON announced the signing of a strategic agreement with Bombardier, a global leader in aviation and manufacturer of world-class business jets, to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The collaboration will advance new technology to enable a host of high-value upgrades for the installed Bombardier operator base, as well as lay innovative foundations for future aircraft. Honeywell estimates the value of this partnership to the company at $17 billion over its life. "This is a tremendous opportunity to co-innovate and advance next generation technologies, including Anthem avionics and engines," said Vimal Kapur , Chairman and CEO of Honeywell. "Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell's focus on compelling megatrends -- automation, the future of aviation, and energy transition." "This new partnership creates unprecedented opportunities for Bombardier," said Eric Martel , President and Chief Executive Officer of Bombardier. "Honeywell's differentiated technology is the key reason we decided to collaboratively build a bright future with them." Honeywell and Bombardier will collaborate on the development of Honeywell avionics to provide unparalleled adaptability to specific mission requirements, enabling exceptional situational awareness and enhanced safety. In addition, the collaboration's propulsion-based workstreams will focus on evolutions of power, reliability and maintainability, led by the next-generation model of Honeywell's HTF7K engine. "Working together, we will generate significant value for Bombardier's operator base by providing the latest technologies to enable safe and efficient flight," said Jim Currier , President and CEO of Honeywell Aerospace Technologies. "We are committed to investing in these key technologies with Bombardier, which will not only drive substantial growth for Honeywell, but lead the industry further into the future of aviation." As part of the partnership, Bombardier and Honeywell will work together to certify and offer JetWave X for the Bombardier Global and Challenger families of aircraft for both new production and aftermarket installations. Bombardier will also have access to Honeywell's full suite of next generation L-Band satellite communications products and antennas that will provide future safety services capabilities. Additionally, all legacy pending litigation between the companies has been resolved. Honeywell Updates 2024 Outlook While the commercial agreement impacts near-term Honeywell financials, the company is confident it will lead to long-term value creation for Honeywell shareowners. Given the required investments associated with this agreement, Honeywell has updated its full-year sales, segment margin 2 , adjusted earnings per share 2,3 , and free cash flow guidance 1 . A summary is provided in the table below. TABLE 1: FULL-YEAR 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $38.6B - $38.8B ($0.4B) $38.2B - $38.4B Organic 1 Growth 3% - 4% ~(1%) ~2% Segment Margin 2 23.4% - 23.5% (0.8 %) 22.6% - 22.7% Expansion 2 Down 10 - Flat bps (80 bps) Down 90 - 80 bps Adjusted Earnings Per Share 2,3 $10.15 - $10.25 ($0.47) $9.68 - $9.78 Adjusted Earnings Growth 2,3 7% - 8% (5 %) 2% - 3% Operating Cash Flow $6.2B - $6.5B ($0.4B) $5.8B - $6.1B Free Cash Flow 1 $5.1B - $5.4B ($0.5B) $4.6B - $4.9B TABLE 2: FOURTH QUARTER 2024 GUIDANCE Previous Guidance Impact of Agreement Updated Guidance Sales $10.2B - $10.4B ($0.4B) $9.8B - $10.0B Organic 1 Growth 2% - 4% (4 %) (2%) - Flat Segment Margin 2 23.8% - 24.2% (2.9 %) 20.9% - 21.3% Expansion 2 Down 60 - 20 bps (290 bps) Down 350 - 310 bps Adjusted Earnings Per Share 2,3 $2.73 - $2.83 ($0.47) $2.26 - $2.36 Adjusted Earnings Growth 2,3 1% - 5% (17 %) (16%) - (12%) 1 See additional information at the end of this release regarding non-GAAP financial measures. 2 Segment margin and adjusted EPS are non-GAAP financial measures. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from certain items excluded from segment margin or adjusted EPS. We therefore, do not present a guidance range, or a reconciliation to, the nearest GAAP financial measures of operating margin or EPS. 3 Adjusted EPS and adjusted EPS V% guidance excludes items identified in the non-GAAP reconciliation of adjusted EPS at the end of this release, including the impact of amortization expense for acquisition-related intangible assets and other acquisition-related costs, and any potential future items that we cannot reliably predict or estimate such as pension mark-to-market. Bombardier, Global and Challenger are trademarks of Bombardier Inc. or its subsidiaries. Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends - automation, the future of aviation, and energy transition - underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations that help make the world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom . Honeywell uses our Investor Relations website, www.honeywell.com/investor , as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. This release contains financial measures presented on a non-GAAP basis. Honeywell's non-GAAP financial measures used in this release are as follows: Segment profit, on an overall Honeywell basis; Segment profit margin, on an overall Honeywell basis; Organic sales growth; Free cash flow; and Adjusted earnings per share. Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures. Appendix Non-GAAP Financial Measures The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. Management believes the change to adjust for amortization of acquisition-related intangibles and certain acquisition- and divestiture-related costs provides investors with a more meaningful measure of its performance period to period, aligns the measure to how management will evaluate performance internally, and makes it easier for investors to compare our performance to peers. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes. Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell's business. Honeywell International Inc. Definition of Organic Sales Percent Change We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, excluding the impact on sales from foreign currency translation and acquisitions, net of divestitures, for the first 12 months following the transaction date. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of reported sales percent change to organic sales percent change has not been provided for forward-looking measures of organic sales percent change because management cannot reliably predict or estimate, without unreasonable effort, the fluctuations in global currency markets that impact foreign currency translation, nor is it reasonable for management to predict the timing, occurrence and impact of acquisition and divestiture transactions, all of which could significantly impact our reported sales percent change. Honeywell International Inc. Reconciliation of Operating Income to Segment Profit, Calculation of Operating Income and Segment Profit Margins (Unaudited) (Dollars in millions) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2023 Operating income $ 1,583 $ 7,084 Stock compensation expense 1 54 202 Repositioning, Other 2,3 569 952 Pension and other postretirement service costs 3 17 66 Amortization of acquisition-related intangibles 76 292 Acquisition-related costs 4 1 2 Segment profit $ 2,300 $ 8,598 Operating income $ 1,583 $ 7,084 ÷ Net sales $ 9,440 $ 36,662 Operating income margin % 16.8 % 19.3 % Segment profit $ 2,300 $ 8,598 ÷ Net sales $ 9,440 $ 36,662 Segment profit margin % 24.4 % 23.5 % 1 Included in Selling, general and administrative expenses. 2 Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges. 3 Included in Cost of products and services sold and Selling, general and administrative expenses. 4 Includes acquisition-related fair value adjustments to inventory. We define operating income as net sales less total cost of products and services sold, research and development expenses, impairment of assets held for sale, and selling, general and administrative expenses. We define segment profit, on an overall Honeywell basis, as operating income, excluding stock compensation expense, pension and other postretirement service costs, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs and impairments, and repositioning and other charges. We define segment profit margin, on an overall Honeywell basis, as segment profit divided by net sales. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. A quantitative reconciliation of operating income to segment profit, on an overall Honeywell basis, has not been provided for all forward-looking measures of segment profit and segment profit margin included herein. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment profit, particularly pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. The information that is unavailable to provide a quantitative reconciliation could have a significant impact on our reported financial results. To the extent quantitative information becomes available without unreasonable effort in the future, and closer to the period to which the forward-looking measures pertain, a reconciliation of operating income to segment profit will be included within future filings. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle, and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Earnings per Share to Adjusted Earnings per Share (Unaudited) Three Months Ended December 31, Twelve Months Ended December 31, 2023 2024(E) 2023 2024(E) Earnings per share of common stock - diluted 1 $ 1.91 $2.03 - $2.13 $ 8.47 $8.76 - $8.86 Pension mark-to-market expense 2 0.19 No Forecast 0.19 No Forecast Amortization of acquisition-related intangibles 3 0.09 0.17 0.35 0.50 Acquisition-related costs 4 — 0.02 0.01 0.10 Divestiture-related costs 5 — 0.04 — 0.04 Russian-related charges 6 — — — 0.03 Net expense related to the NARCO Buyout and HWI Sale 7 — — 0.01 — Adjustment to estimated future Bendix liability 8 0.49 — 0.49 — Indefinite-lived intangible asset impairment 9 — — — 0.06 Impairment of assets held for sale 10 — — — 0.19 Adjusted earnings per share of common stock - diluted $ 2.69 $2.26 - $2.36 $ 9.52 $9.68 - $9.78 1 For the three months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 660.9 million. For the twelve months ended December 31, 2023, adjusted earnings per share utilizes weighted average shares of approximately 668.2 million. For the three and twelve months ended December 31, 2024, expected earnings per share utilizes weighted average shares of approximately 653 million and 655 million, respectively. 2 Pension mark-to-market expense uses a blended tax rate of 18%, net of tax benefit of $27 million, for 2023. 3 For the three and twelve months ended December 31, 2023, acquisition-related intangibles amortization includes $62 million and $231 million, net of tax benefit of approximately $14 million and $61 million, respectively. For the three and twelve months ended December 31, 2024, expected acquisition-related intangibles amortization includes approximately $110 million and $330 million, net of tax benefit of approximately $30 million and $85 million, respectively. 4 For the three and twelve months ended December 31, 2023, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $2 million and $7 million, net of tax benefit of approximately $0 million and $2 million, respectively. For the three and twelve months ended December 31, 2024, the expected adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $20 million and $65 million, net of tax benefit of approximately $5 million and $15 million, respectively. 5 For the three and twelve months ended December 31, 2024, the expected adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, is approximately $25 million, net of tax benefit of approximately $5 million. 6 For the three and twelve months ended December 31, 2023, the adjustments were a benefit of $2 million and $3 million, without tax expense, respectively. For the twelve months ended December 31, 2024, the expected adjustment is a $17 million expense, without tax benefit, due to the settlement of a contractual dispute with a Russian entity associated with the Company's suspension and wind down activities in Russia. 7 For the the twelve months ended December 31, 2023, the adjustment was $8 million, net of tax benefit of $3 million, due to the net expense related to the NARCO Buyout and HWI Sale. 8 Bendix Friction Materials ("Bendix") is a business no longer owned by the Company. In 2023, the Company changed its valuation methodology for calculating legacy Bendix liabilities. For the three and twelve months ended December 31, 2023, the adjustment was $330 million, net of tax benefit of $104 million, (or $434 million pre-tax) due to a change in the estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims. The Company experienced fluctuations in average resolution values year-over-year in each of the past five years with no well-established trends in either direction. In 2023, the Company observed two consecutive years of increasing average resolution values (2023 and 2022), with more volatility in the earlier years of the five-year period (2019 through 2021). Based on these observations, the Company, during its annual review in the fourth quarter of 2023, reevaluated its valuation methodology and elected to give more weight to the two most recent years by shortening the look-back period from five years to two years (2023 and 2022). The Company believes that the average resolution values in the last two consecutive years are likely more representative of expected resolution values in future periods. The $434 million pre-tax amount was attributable primarily to shortening the look-back period to the two most recent years, and to a lesser extent to increasing expected resolution values for a subset of asserted claims to adjust for higher claim values in that subset than in the modelled two-year data set. It is not possible to predict whether such resolution values will increase, decrease, or stabilize in the future, given recent litigation trends within the tort system and the inherent uncertainty in predicting the outcome of such trends. The Company will continue to monitor Bendix claim resolution values and other trends within the tort system to assess the appropriate look-back period for determining average resolution values going forward. 9 For the twelve months ended December 31, 2024, the expected impairment charge of indefinite-lived intangible assets associated with the personal protective equipment business is $37 million, net of tax benefit of $11 million. 10 For the twelve months ended December 31, 2024, the expected impairment charge of assets held for sale is $125 million, with no tax benefit. Note: Amounts may not foot due to rounding. We define adjusted earnings per share as diluted earnings per share adjusted to exclude various charges as listed above. We believe adjusted earnings per share is a measure that is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends. For forward-looking information, management cannot reliably predict or estimate, without unreasonable effort, the pension mark-to-market expense as it is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. We therefore do not include an estimate for the pension mark-to-market expense. Based on economic and industry conditions, future developments, and other relevant factors, these assumptions are subject to change. Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies. Honeywell International Inc. Reconciliation of Expected Cash Provided by Operating Activities to Expected Free Cash Flow (Unaudited) Twelve Months Ended December 31, 2024(E) ($B) Cash provided by operating activities ~$5.8 - $6.1 Capital expenditures ~(1.2) Free cash flow ~$4.6 - $4.9 We define free cash flow as cash provided by operating activities less cash for capital expenditures. We believe that free cash flow is a non-GAAP measure that is useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. This measure can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity. Contacts: Media Investor Relations Stacey Jones Sean Meakim (980) 378-6258 (704) 627-6200 stacey.jones@honeywell.com sean.meakim@honeywell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/honeywell-and-bombardier-sign-landmark-agreement-to-deliver-the-next-generation-of-aviation-technology-honeywell-updates-2024-outlook-302320054.html SOURCE Honeywell © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.