{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-304797","form_type":"8-K","ticker":"HON","cik":"0000773840","company_name":"HONEYWELL INTERNATIONAL INC","filed_at":"2022-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.544374+00:00","generated_at":"2026-06-21T05:02:11.858597+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Honeywell to pay $1.325B to settle NARCO asbestos obligations; court approves buyout","bullets":["Bankruptcy Court on Dec 8 approved Amended Buyout Agreement for Honeywell to pay $1.325B lump sum to the NARCO Trust.","Payment releases Honeywell from all future obligations to fund trust claims and annual operating expenses (~$21M in 2021).","Closing expected as promptly as practicable after Jan 1, 2023; NARCO channeling injunction remains in effect.","Honeywell reduces NARCO reserve of $695M and recognizes a Q4 2022 charge, partially offset by ~$300M net proceeds from HWI sale to Platinum Equity.","Trust's economic rights in HWI sale proceeds inure to Honeywell under the buyout agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-304797","json":"https://secwatch.observer/filing/0001193125-22-304797.json","markdown":"https://secwatch.observer/filing/0001193125-22-304797.md","text":"https://secwatch.observer/filing/0001193125-22-304797.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/773840/000119312522304797/0001193125-22-304797-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/773840/000119312522304797/d400825d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T05:02:11.858597+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0e3ad13f04d0914726b161766218d1251a8b8a32","claim":"HONEYWELL INTERNATIONAL INC entered into Amended and Restated Buyout Agreement with North American Refractories Asbestos Personal Injury Settlement Trust, NARCO Trust Advisory Committee, Lawrence Fitzpatrick as NARCO Asbestos Future Claimants Representative valued at $1.325 billion (effective 2022-11-20).","evidence_excerpt":"On November 18, 2022, Honeywell entered into a definitive agreement (the “Buyout Agreement”) with the North American Refractories Asbestos Personal Injury Settlement Trust (the “Trust”), and on November 20, 2022, in exchange for the NARCO Trust Advisory Committee (the “TAC”) and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (the “FCR”), becoming parties to the Buyout Agreement, Honeywell, the Trust, the TAC, and the FCR entered into an Amended and Restated Buyout Agreement (the “Amended Buyout Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/773840/000119312522304797/0001193125-22-304797-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"North American Refractories Asbestos Personal Injury Settlement Trust, NARCO Trust Advisory Committee, Lawrence Fitzpatrick as NARCO Asbestos Future Claimants Representative"},{"label":"Value","value":"$1.325 billion"},{"label":"Effective","value":"2022-11-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}