On 6 February 2025, Honeywell announced it would split into three independent, publicly traded companies.

• pressure from substantial shareholder Elliot Management Corporation
• will split the company's main divisions: Advanced Materials, Aerospace, and Automation.
• aim to enhance strategic focus and unlock shareholder value.
• expected to complete by end of 2025 or early 2026
• helps Honeywell fit a larger trend of industrial giants simplifying processes to improve market competitiveness.