Honeywell announcing it will spin off its advanced material unit to drive growth as yesterday,

but there's so much news here.

Chairman and CEO Vimel Kapoor joins us now exclusively.

Now Vimal, in 1999, Allied Signal and Honeywell merged.

And this was about chemicals emerging with some very good software and hardware,

and it was the bedrock of this company.

I do not think people realize how revolutionary,

not evolutionary, but revolutionary,

the move you made yesterday,

to be able to reform this company in your way,

automation, future of aviation, energy transition.

Tell us why you're making what I regard

as being a radical move to reinvent Honeywell.

So, first of all, thanks, Jim, for having me here. You know, when I started last year in June,

I talked about pivoting Honeywell to three megatrends. And these are truly long-term growth

vectors, aviation, energy transition, and automation, but also go to Honeywell.

But to get there, I had to do portfolio adjustment.

And what we did yesterday announcement of the spin of the chemicals business is a part towards that.

The good news, Jim, is it's a great business.

It has some franchisee which are best in class in terms of its offering, but it's less fit

in Honeywell where I want to take it.

And as a standalone company, it's going to do very well with its capability to have in, you

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