If you combine all these factors, and UOP, obviously, was a bit more challenged than some of our other businesses, HPS performed, I think, admirably in the quarter. That's kind of how we'd think about it. Where would we expect that kind of to end up based on -- and I don't mean on a furlough basis. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. of the company). And the second component, which is somewhat unknown, although we haven't seen it, is there're going to be cannibalizations from the parked aircraft. As we highlighted in our May call, the second quarter presented significant challenges. Now let's turn to Slide 7 and discuss our balance sheet and liquidity. The order growth in Intelligrated is pretty dramatic and not a total surprise, but they're big numbers. So we know what we're going to do there. And I'll tell you why, because you can't just look at flight hours. [Operator instructions] And our first question is coming from Jeff Sprague with Vertical Research. Honeywell To Release Second Quarter Financial Results And Hold Its Investor Conference Call On Friday, July 24 PR Newswire CHARLOTTE, N.C., July 10, 2020 CHARLOTTE, N.C., July 10, 2020 … While being prudent on capex overall, we will continue to fund growth investments in the second half, and we expect full-year capex to be approximately $900 million, including the additional growth capital Darius mentioned earlier. Well, yes, I think the comment was more in total. Yes. So I don't think something dramatic because the natural assumption will be, OK, well, it's going to be a lot better in Q3. We'll take our next question from Nigel Coe with Wolfe Research. How does that look from your perspective, your perch in the post-COVID world? So we had a little bit of a lead-lag impact. Honeywell To Split Automation And Control Group; Q2 Sales Tick Up. Fluorine products sales into the automotive end market improved sequentially by month throughout the quarter as automotive plants began to reopen. PMT segment margins contracted 460 basis points in the second quarter driven by the impact of lower sales volumes, partially offset by cost actions to improve productivity. Well, I think I'm not ducking the question because, frankly, we're creating the market. We think it's going to be a modest, very modest impact. But those are going to play out over the course of June, July, August, September. What a terrible acquisition. Would that kind of be the high-level goal? So we kind of have, think about a 50-50 or something in that kind of a split that we approximate. But I think there's a couple of really important things to remember. We remain committed to continuing Honeywell's long legacy of innovation and we are continuing to invest in our future in good times and bad. That makes sense. We are very excited to have Emily on board. But just our own installed base is vast. However, we grew in several businesses, including defense, Intelligrated and PPE. But I mean, outside of -- putting business jets aside, just looking at the large commercial stuff, I mean, how much of your business is even kind of exposed to that? And then again, we are investing in capital. And that concludes today's question-and-answer session. I would say maybe last, it's less about masks, but a little bit more about steering the business toward serving the medical segment. We aggressively managed cost to protect margins, and we generated very strong cash flow. Our capex in the second quarter included the first tranches of investments that we are making to produce N95 masks to support the coronavirus relief efforts. And a slowdown in original equipment build rates, in addition to the 737 MAX impact in air transport, impacted commercial OE more broadly. November 9, 2020 BSE Limited ... Sub: Outcome of the Board Meeting held on November 9, 2020- Unaudited financial results and Limited Review Report for the quarter and half year ended September 30, 2020. There are a number of factors beyond our control in the current environment. A lot of those are very fast payback, less than -- think about less than a year kind of paybacks. Q2 2020 Honeywell Earnings Conference Call Presentation. We expect that to continue in Q3. These are high-return investments expected to generate triple-digit IRRs. We funded over $250 million in repositioning, and we identified significant additional actions to align our cost base to the current environment in 2020 and 2021. Because these things are unknowns basis, our diversified portfolio and significant balance sheet formula going forward to about. Exhibited in Q3 versus Q2 for a couple of reasons Limited Farah Irani Company Secretary Encl: A/a comments you. 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