Global manufacturer Honeywell International said in a regulatory filing Friday it has recorded a charge of $160 million in accrued liability concerning an investigation by U.S. and Brazilian authorities as to whether the company’s use of third parties in Brazil violated the Foreign Corrupt Practices Act (FCPA).
Honeywell said it continues to cooperate with investigations by the Department of Justice, the Securities and Exchange Commission, and Brazilian authorities “relating to our use of third parties who previously worked for our UOP business in Brazil in relation to Petróleo Brasileiro (Petrobras) in connection with a project awarded in 2010.” The company first disclosed the probes in July 2019.
