0000773840-21-000065 | 10-Q | XBRL Viewer | Honeywell International INC

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COMMITMENTS AND CONTINGENCIES 5 (Details) - Bendix Asbestos Loss Contingency Liability [Member] - claim	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Loss Contingency Claims [Abstract]
Claims unresolved at the beginning of period	6,242	6,480	6,209
Claims filed	1,883	2,233	2,659
Claims resolved	(1,465)	(2,471)	(2,388)
Claims unresolved at the end of period	6,660	6,242	6,480

ACCOUNTS RECEIVABLE - NET (Tables)

9 Months Ended

Sep. 30, 2021

Receivables [Abstract]

Schedule of Accounts Receivables


	September 30, 2021		December 31, 2020
Trade	$	7,427	$	7,029
Less - Allowance for doubtful accounts	(188)		(202)
	$	7,239	$	6,827

REPOSITIONING AND OTHER CHARGES

9 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

Repositioning and Other Charges

A summary of repositioning and other charges follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Severance	$	3	$	113	$	63	$	433
Asset impairments	20		5		107		11
Exit costs	46		17		110		47
Reserve adjustments	3		(11)		(18)		(42)
Total net repositioning charge	72		124		262		449
Asbestos related litigation charges, net of insurance and reimbursements	24		13		68		33
Probable and reasonably estimable environmental liabilities, net of reimbursements	3		6		14		20
Other	(3)		1		(6)		(16)
Total net repositioning and other charges	$	96	$	144	$	338	$	486

The following table summarizes the pretax distribution of total net repositioning and other charges by classification:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Cost of products and services sold	$	63	$	91	$	248	$	286
Selling, general and administrative expenses	33		53		90		200

	$	96	$	144	$	338	$	486

The following table summarizes the pretax impact of total net repositioning and other charges by segment:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Aerospace	$	(2)	$	33	$	55	$	151
Honeywell Building Technologies	5		29		9		87
Performance Materials and Technologies	5		34		12		139
Safety and Productivity Solutions	40		15		136		32
Corporate	48		33		126		77
	$	96	$	144	$	338	$	486

In the three months ended September 30, 2021, we recognized gross repositioning charges totaling $69 million including severance costs of $3 million related to workforce reductions of 603 manufacturing and administrative positions mainly in our Safety and Productivity Solutions segment. The workforce reductions were primarily related to the re-alignment of a product line in our Safety and Productivity Solutions segment and to our productivity and ongoing functional transformation initiatives. The repositioning charge included asset impairments of $20 million primarily related to the write-down of certain manufacturing equipment. The repositioning charge also included exit costs of $46 million primarily for current period exit costs incurred for previously approved repositioning projects, closure obligations associated with site transitions, and lease obligations for equipment.

In the three months ended September 30, 2020, we recognized gross repositioning charges totaling $135 million including severance costs of $113 million related to workforce reductions of 3,113 manufacturing and administrative positions across all of the Company's segments, with a majority of the workforce reductions in Aerospace and Performance Materials and Technologies. The workforce reductions primarily related to the Company aligning its cost structure with the current slowdown in demand for many of the Company's products and services due to the global recession.

In the nine months ended September 30, 2021, we recognized gross repositioning charges totaling $280 million including severance costs of $63 million related to workforce reductions of 5,252 manufacturing and administrative positions mainly in our Safety and Productivity Solutions and Aerospace segments. The workforce reductions were primarily related to the re-alignment of a product line in our Safety and Productivity Solutions segment, site transitions, mainly in Aerospace, to more cost-effective locations, and our productivity and ongoing functional transformation initiatives. The repositioning charge included asset impairments of $107 million primarily related to the write-down of certain manufacturing and other equipment. The repositioning charge included exit costs of $110 million primarily for current period exit costs incurred for previously approved repositioning projects, closure obligations associated with site transitions, and lease obligations for equipment. Also, $18 million of previously established reserves, primarily for severance, were returned to income due to adjustments to the scope of previously announced repositioning actions.

In the nine months ended September 30, 2020, we recognized gross repositioning charges totaling $491 million including severance costs of $433 million related to workforce reductions of 13,042 manufacturing and administrative positions across the Company's segments, with a majority of the workforce reductions in Aerospace and Performance Materials and Technologies. The workforce reductions primarily related to the Company aligning its cost structure with the current slowdown in demand for many of the Company's products and services due to the global recession, and the Company's productivity and ongoing functional transformation initiatives. The repositioning charges included exit costs of $47 million primarily related to current period exit costs incurred for previously approved repositioning projects. Also, $42 million of previously established reserves, primarily for severance, were returned to income mainly as a result of higher attrition than anticipated in prior severance actions resulting in lower severance payments.

The following table summarizes the status of the Company's total repositioning reserves:


	Severance Costs		Asset Impairments		Exit Costs		Total
Balance at December 31, 2020	$	527	$	—	$	74	$	601
Charges	63		107		110		280
Usage - cash	(229)		—		(57)		(286)
Usage - noncash	—		(109)		—		(109)
Foreign currency translation	(2)		—		(2)		(4)
Adjustments	(19)		2		(1)		(18)
Balance at September 30, 2021	$	340	$	—	$	124	$	464

Certain repositioning projects will recognize exit costs in future periods when the actual liability is incurred. Such exit costs incurred in the nine months ended September 30, 2021 and 2020, were $30 million and $32 million, respectively.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of period	$ 17,790,000,000
Balance at end of period	18,114,000,000	$ 18,313,000,000
Foreign Exchange Translation Adjustment [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of period	(2,780,000,000)	(2,566,000,000)
Other comprehensive income (loss) before reclassifications	250,000,000	(227,000,000)
Amounts reclassified from accumulated other comprehensive income	0	(10,000,000)
Net current period other comprehensive income (loss)	250,000,000	(237,000,000)
Balance at end of period	(2,530,000,000)	(2,803,000,000)
Pension and Other Postretirement Benefits Adjustments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of period	(601,000,000)	(675,000,000)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income	(65,000,000)	(60,000,000)
Net current period other comprehensive income (loss)	(65,000,000)	(60,000,000)
Balance at end of period	(666,000,000)	(735,000,000)
Changes in Fair Value of Available for Sale Investments [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of period	4,000,000	0
Other comprehensive income (loss) before reclassifications	(3,000,000)	0
Amounts reclassified from accumulated other comprehensive income	0	0
Net current period other comprehensive income (loss)	(3,000,000)	0
Balance at end of period	1,000,000	0
Changes in Fair Value of Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of period	0	44,000,000
Other comprehensive income (loss) before reclassifications	16,000,000	50,000,000
Amounts reclassified from accumulated other comprehensive income	(14,000,000)	8,000,000
Net current period other comprehensive income (loss)	2,000,000	58,000,000
Balance at end of period	2,000,000	102,000,000
Accumulated other comprehensive income (loss) [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Balance at beginning of period	(3,377,000,000)	(3,197,000,000)
Other comprehensive income (loss) before reclassifications	263,000,000	(177,000,000)
Amounts reclassified from accumulated other comprehensive income	(79,000,000)	(62,000,000)
Net current period other comprehensive income (loss)	184,000,000	(239,000,000)
Balance at end of period	$ (3,193,000,000)	$ (3,436,000,000)

DOCUMENT AND ENTITY INFORMATION	9 Months Ended
DOCUMENT AND ENTITY INFORMATION	Sep. 30, 2021 shares
Cover [Abstract]
Document type	10-Q
Document Quarterly Report	true
Document period end date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	1-8974
Entity registrant name	Honeywell International Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-2640650
Entity Address, Address Line One	855 South Mint Street
Entity Address, City or Town	Charlotte,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28202
City Area Code	(704)
Local Phone Number	627-6200
Entity Listings [Line Items]
Entity current reporting status	Yes
Entity Interactive Data Current	Yes
Entity filer category	Large Accelerated Filer
Document Fiscal Year Focus	2021
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity common stock shares outstanding	688,422,975
Document Fiscal Period Focus	Q2
Current fiscal year end date	--12-31
Amendment flag	false
Entity central index key	0000773840
Common Stock [Member]
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $1 per share*
Trading Symbol	HON
The NASDAQ Stock Market LLC	NASDAQ
1.300% Senior Notes due 2023 [Member]
Entity Listings [Line Items]
Title of 12(b) Security	1.300% Senior Notes due 2023
Trading Symbol	HON 23A
The NASDAQ Stock Market LLC	NASDAQ
0.000% Senior Notes due 2024 [Member]
Entity Listings [Line Items]
Title of 12(b) Security	0.000% Senior Notes due 2024
Trading Symbol	HON 24A
The NASDAQ Stock Market LLC	NASDAQ
2.250% Senior Notes due 2028 [Member]
Entity Listings [Line Items]
Title of 12(b) Security	2.250% Senior Notes due 2028
Trading Symbol	HON 28A
The NASDAQ Stock Market LLC	NASDAQ
0.750% Senior Notes due 2032 [Member]
Entity Listings [Line Items]
Title of 12(b) Security	0.750% Senior Notes due 2032
Trading Symbol	HON 32
The NASDAQ Stock Market LLC	NASDAQ

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS 2 (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jan. 01, 2021	Jan. 01, 2020
Change in Contract with Customer, Asset and Liability [Abstract]
Contract Assets	$ 2,087	$ 1,819	$ 2,087	$ 1,819	$ 1,618	$ 1,602
Contract with Customer, Asset, Reclassified to Receivable			469	217
Contract Liabilities	(3,840)	(3,666)	(3,840)	(3,666)	$ (4,033)	$ (3,501)
Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized			193	(165)
Net Change			662	52
Contract liability, revenue recognized	$ 225	$ 351	$ 1,786	$ 1,554

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net income attributable to Honeywell	$ 1,257	$ 758	$ 4,114	$ 3,420
Weighted average shares outstanding	690,600,000	702,600,000	693,600,000	704,800,000
Earnings per share of common stock - basic (in dollars per share)	$ 1.82	$ 1.08	$ 5.93	$ 4.85
Assuming dilution
Net income attributable to Honeywell	$ 1,257	$ 758	$ 4,114	$ 3,420
Average shares
Weighted average shares outstanding	690,600,000	702,600,000	693,600,000	704,800,000
Dilutive securities issuable - stock plans	8,300,000	7,000,000.0	8,400,000	6,800,000
Total weighted average shares outstanding	698,900,000	709,600,000	702,000,000.0	711,600,000
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 1.80	$ 1.07	$ 5.86	$ 4.81
Earnings Per Share Paragraph Details [Abstract]
Stock options excluded from diluted computations	1,900,000	7,100,000	1,600,000	6,400,000
Shares outstanding	688,400,000	701,700,000	688,400,000	701,700,000
Common Stock Shares Issued	957,600,000	957,600,000	957,600,000	957,600,000

COMMITMENTS AND CONTINGENCIES 6 (Details) - Bendix Asbestos Loss Contingency Liability [Member] - claim	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Loss Contingency Disease Distribution Of Unresolved Claims [Line Items]
Mesothelioma and other cancer claims	3,968	3,422	3,399
Nonmalignant claims	2,692	2,820	3,081
Total claims	6,660	6,242	6,480	6,209

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Net Sales	$ 8,473	$ 7,797	$ 25,735	$ 23,737
Disaggregation of revenue, timing of recognition - percentage	100.00%	100.00%	100.00%	100.00%
Products [Member]
Disaggregation of Revenue [Line Items]
Net Sales	$ 6,233	$ 5,885	$ 19,281	$ 17,933
Disaggregation of revenue, timing of recognition - percentage	74.00%	76.00%	75.00%	76.00%
Products [Member] \| Transferred At Point In Time [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of revenue, timing of recognition - percentage	58.00%	61.00%	58.00%	61.00%
Products [Member] \| Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of revenue, timing of recognition - percentage	16.00%	15.00%	17.00%	15.00%
Services [Member]
Disaggregation of Revenue [Line Items]
Net Sales	$ 2,240	$ 1,912	$ 6,454	$ 5,804
Disaggregation of revenue, timing of recognition - percentage	26.00%	24.00%	25.00%	24.00%
Services [Member] \| Transferred At Point In Time [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of revenue, timing of recognition - percentage	9.00%	7.00%	8.00%	8.00%
Services [Member] \| Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of revenue, timing of recognition - percentage	17.00%	17.00%	17.00%	16.00%
Aerospace
Disaggregation of Revenue [Line Items]
Net Sales	$ 2,732	$ 2,662	$ 8,130	$ 8,566
Aerospace \| Commercial Aviation Original Equipment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	415	411	1,282	1,532
Aerospace \| Commercial Aviation Aftermarket [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,083	779	3,008	2,825
Aerospace \| Defense and Space [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,234	1,472	3,840	4,209
Honeywell Building Technologies
Disaggregation of Revenue [Line Items]
Net Sales	1,370	1,305	4,135	3,763
Honeywell Building Technologies \| Products [Member]
Disaggregation of Revenue [Line Items]
Net Sales	805	745	2,432	2,145
Honeywell Building Technologies \| Building Solutions [Member]
Disaggregation of Revenue [Line Items]
Net Sales	565	560	1,703	1,618
Performance Materials and Technologies
Disaggregation of Revenue [Line Items]
Net Sales	2,510	2,252	7,408	6,867
Performance Materials and Technologies \| UOP [Member]
Disaggregation of Revenue [Line Items]
Net Sales	600	461	1,698	1,572
Performance Materials and Technologies \| Process Solutions [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,160	1,135	3,422	3,379
Performance Materials and Technologies \| Advanced Materials [Member]
Disaggregation of Revenue [Line Items]
Net Sales	750	656	2,288	1,916
Safety and Productivity Solutions
Disaggregation of Revenue [Line Items]
Net Sales	1,861	1,578	6,062	4,541
Safety and Productivity Solutions \| Safety and Retail [Member]
Disaggregation of Revenue [Line Items]
Net Sales	525	599	1,884	1,612
Safety and Productivity Solutions \| Productivity Solutions and Services [Member]
Disaggregation of Revenue [Line Items]
Net Sales	407	322	1,132	877
Safety and Productivity Solutions \| Warehouse and Workflow Solutions [Member]
Disaggregation of Revenue [Line Items]
Net Sales	716	445	2,440	1,457
Safety and Productivity Solutions \| Advanced Sensing Technologies (formerly Sensing & Internet-of-Things)
Disaggregation of Revenue [Line Items]
Net Sales	$ 213	$ 212	$ 606	$ 595

COMMITMENTS AND CONTINGENCIES 8 (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Other current assets	$ 1,691	$ 1,691	$ 1,639
Other assets	9,711	9,711	$ 9,412
Resideo [Member] \| Environmental Liabilities [Member]
Loss Contingencies [Line Items]
Indemnification and reimbursement agreement annual cap	140	140
Indemnification and reimbursement agreement minimum amount	25	25
Reimbursements from indemnification and reimbursement agreement	35	105
Reimbursement receivable indemnification and reimbursement agreement		111
Resideo [Member] \| Environmental Liabilities [Member] \| Indemnification And Reimbursement Agreement [Member]
Loss Contingencies [Line Items]
Other current assets	140	140
Other assets	$ 457	$ 457

ACCOUNTS RECEIVABLE - NET

9 Months Ended

Sep. 30, 2021

Receivables [Abstract]

Accounts Receivable - Net


	September 30, 2021		December 31, 2020
Trade	$	7,427	$	7,029
Less - Allowance for doubtful accounts	(188)		(202)
	$	7,239	$	6,827

Trade receivables include $2,049 million and $1,589 million of unbilled balances under long-term contracts as of September 30, 2021, and December 31, 2020. These amounts are billed in accordance with the terms of the customer contracts to which they relate.

SEGMENT FINANCIAL DATA 2 (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
SEGMENT FINANCIAL DATA 2 (Details) - USD ($) $ in Millions	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Total segment profit	$ 1,793	$ 1,553	$ 5,361	$ 4,786
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest and other financial charges	(90)	(101)	(263)	(264)
Repositioning and other charges	(96)	(144)	(338)	(486)
Income before taxes	1,700	1,148	5,442	4,302
Segment Reconciling Items [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Interest and other financial charges	(90)	(101)	(263)	(264)
Stock compensation expense	(56)	(40)	(172)	(118)
Repositioning and other charges	(96)	(144)	(338)	(486)
Other	(130)	(330)	(8)	(249)
Income before taxes	1,700	1,148	5,442	4,302
Segment Reconciling Items [Member] \| Pension [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Pension ongoing income	261	197	809	593
Segment Reconciling Items [Member] \| Other Postretirement [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Pension ongoing income	18	13	53	40
Corporate
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]
Total segment profit	(72)	(7)	(155)	(73)
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Repositioning and other charges	$ (48)	$ (33)	$ (126)	$ (77)

LEASES

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Lessee, Operating Leases [Text Block]

The Company's operating and finance lease portfolio is described in Note 11 Leases of Notes to Consolidated Financial Statements in our 2020 Annual Report on Form 10-K.

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
		2021		2020
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	290	$	155
Finance leases		24		24

Supplemental balance sheet information related to leases was as follows:


	September 30, 2021		December 31, 2020
Operating leases
Other assets	$	936	$	773
Accrued liabilities	188		187
Other liabilities	824		641
Total operating lease liabilities	$	1,012	$	828
Financing leases
Property, plant and equipment	$	335	$	357
Accumulated depreciation	(182)		(180)
Property, plant and equipment - net	$	153	$	177
Current maturities of long-term debt	58		60
Long-term debt	103		124
Total financing lease liabilities	$	161	$	184

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Honeywell generates revenue from a comprehensive offering of products and services, including software and technologies, that are sold to a variety of customers in multiple end markets. See the following table and related discussions by operating segment for details.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Aerospace
Commercial Aviation Original Equipment	$	415	$	411	$	1,282	$	1,532
Commercial Aviation Aftermarket	1,083		779		3,008		2,825
Defense and Space	1,234		1,472		3,840		4,209
	2,732		2,662		8,130		8,566
Honeywell Building Technologies
Products	805		745		2,432		2,145
Building Solutions	565		560		1,703		1,618
	1,370		1,305		4,135		3,763
Performance Materials and Technologies
UOP	600		461		1,698		1,572
Process Solutions	1,160		1,135		3,422		3,379
Advanced Materials	750		656		2,288		1,916


	2,510		2,252		7,408		6,867
Safety and Productivity Solutions
Safety and Retail	525		599		1,884		1,612
Productivity Solutions and Services	407		322		1,132		877
Warehouse and Workflow Solutions	716		445		2,440		1,457
Advanced Sensing Technologies	213		212		606		595
	1,861		1,578		6,062		4,541
Net sales	$	8,473	$	7,797	$	25,735	$	23,737

Aerospace – A global supplier of products, software and services for aircraft that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets including: air transport, regional, business and general aviation aircraft, airlines, aircraft operators and defense and space contractors. Aerospace products and services include auxiliary power units, propulsion engines, environmental control systems, integrated avionics, wireless connectivity services, electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, management and technical services, advanced systems and instruments, satellite and space components, aircraft wheels and brakes, repair and overhaul services and thermal systems. Aerospace also provides spare parts, repair, overhaul and maintenance services (principally to aircraft operators) for the aftermarket. Honeywell Forge solutions are leveraged by our customers as tools to turn data into predictive maintenance and predictive analytics to enable better fleet management and make flight operations more efficient.

Honeywell Building Technologies – A global provider of products, software, solutions and technologies that enable building owners and occupants to ensure their facilities are safe, energy efficient, sustainable and productive. Honeywell Building Technologies products and services include advanced software applications for building control and optimization; sensors, switches, control systems and instruments for energy management; access control; video surveillance; fire products; remote patient monitoring systems; and installation, maintenance and upgrades of systems. Honeywell Forge solutions enable our customers to digitally manage buildings, connecting data from different assets to enable smart maintenance, improve building performance and protect from incoming security threats.

Performance Materials and Technologies – A global provider in developing and manufacturing high-quality performance chemicals and materials, process technologies and automation solutions. The segment is comprised of Process Solutions, UOP, and Advanced Materials. Process Solutions provides automation control, instrumentation, advanced software and related services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, life sciences, and metals, minerals and mining industries. Through its smart energy products, Process Solutions enables utilities and distribution companies to deploy advanced capabilities to improve operations, reliability, and environmental sustainability. UOP provides process technology, products, including catalysts and adsorbents, equipment, and consulting services that enable customers to efficiently produce gasoline, diesel, jet fuel, petrochemicals and renewable fuels for petroleum refining, gas processing, petrochemical, and other industries. Advanced Materials manufactures a wide variety of high-performance products, including materials used to manufacture end products such as bullet-resistant armor, nylon, computer chips, and pharmaceutical packaging, and provides reduced and low global-warming-potential materials based on hydrofluoro-olefin technology. In the industrial environment, Honeywell Forge solutions enable integration and connectivity to provide a holistic view of operations and turn data into clear actions to maximize productivity and efficiency. Honeywell Forge's cybersecurity capabilities help identify risks and act on cyber-related incidents, together enabling improved operations and protecting processes, people, and assets.

Safety and Productivity Solutions – A global provider of products and software that improve productivity, workplace safety and asset performance to customers around the globe. Safety products include personal protective equipment (PPE), apparel, gear, and footwear designed for work, play and outdoor activities; gas detection technology; and cloud-based notification and emergency messaging. Productivity Solutions products and services include mobile devices and software for computing, data collection and thermal printing; supply chain and warehouse automation equipment, software and solutions; custom-engineered sensors, switches and controls for sensing and productivity solutions; and software-based data and asset management productivity solutions. Honeywell Forge solutions digitally automate processes to improve efficiency while reducing downtime and safety costs.

For a summary by disaggregated product and services sales for each segment, refer to Note 18 Segment Financial Data.

The Company recognizes revenue from performance obligations to customers that are satisfied at a point in time and over time. The disaggregation of the Company's revenue based off timing of recognition is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Products, transferred point in time	58	%	61	%	58	%	61	%
Products, transferred over time	16		15		17		15
Net product sales	74		76		75		76
Services, transferred point in time	9		7		8		8
Services, transferred over time	17		17		17		16
Net service sales	26		24		25		24
Net sales	100	%	100	%	100	%	100	%

CONTRACT BALANCES

The Company records progress on satisfying performance obligations to customers, and the related billings and cash collections, on the Consolidated Balance Sheet in Accounts receivable - net and Other assets (unbilled receivables (contract assets) and billed receivables) and Accrued liabilities and Other liabilities (customer advances and deposits (contract liabilities)). Unbilled receivables (contract assets) arise when the timing of cash collected from customers differs from the timing of revenue recognition, such as when contract provisions require specific milestones to be met before a customer can be billed. Unbilled receivable balance increases when the revenue associated with the contract is recognized prior to billing and decreases when billed in accordance with the terms of the contract. Contract liabilities increase when customers remit contractual cash payments in advance of the Company satisfying performance obligations under contractual arrangements, including those with performance obligations to be satisfied over a period of time. Contract liabilities decrease when revenue is recorded, either when a milestone is met triggering the contractual right to bill or when the performance obligation is satisfied.

Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period.

The following table summarizes the Company's contract assets and liabilities balances:


	2021		2020
Contract assets - January 1	$	1,618	$	1,602
Contract assets - September 30	2,087		1,819
Change in contract assets - increase (decrease)	$	469	$	217

Contract liabilities - January 1	$	(4,033)	$	(3,501)
Contract liabilities - September 30	(3,840)		(3,666)
Change in contract liabilities - decrease (increase)	$	193	$	(165)

Net change	$	662	$	52

For the three and nine months ended September 30, 2021, the Company recognized revenue of $225 million and $1,786 million that was previously included in the beginning balance of contract liabilities. For the three and nine months ended September 30, 2020, the Company recognized revenue of $351 million and $1,554 million that was previously included in the beginning balance of contract liabilities.

When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations. Contract modifications that are for goods or services that are not distinct from the existing contract, due to the significant integration with the original good or service provided, are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price, and the Company's measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at relative stand-alone selling price, they are accounted for as a new contract and performance obligation, which are recognized prospectively.

PERFORMANCE OBLIGATIONS

A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is defined as the unit of account. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. When the Company's contracts with customers require highly complex integration or manufacturing services that are not separately identifiable from other promises in the contracts and, therefore, not distinct, then the entire contract is accounted for as a single performance obligation. In situations when the Company's contract includes distinct goods or services that are substantially the same and have the same pattern of transfer to the customer over time, they are recognized as a series of distinct goods or services. For any contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the estimated relative standalone selling price of each distinct good or service in the contract. For product sales, each product sold to a customer typically represents a distinct performance obligation. In such cases, the observable standalone sales are used to determine the standalone selling price.

Performance obligations are satisfied as of a point in time or over time. Performance obligations are supported by contracts with customers, providing a framework for the nature of the distinct goods, services or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract.

The following table outlines the Company's remaining performance obligations disaggregated by segment:


	September 30, 2021
Aerospace	$	8,890
Honeywell Building Technologies	6,813
Performance Materials and Technologies	7,573
Safety and Productivity Solutions	4,264
	$	27,540

Performance obligations recognized as of September 30, 2021, will be satisfied over the course of future periods. The Company's disclosure of the timing for satisfying the performance obligation is based on the requirements of contracts with customers. However, from time to time, these contracts may be subject to modifications, impacting the timing of satisfying the performance obligations. Performance obligations expected to be satisfied within one year and greater than one year are 56% and 44%, respectively.

The timing of satisfaction of the Company's performance obligations does not significantly vary from the typical timing of payment. Typical payment terms of the Company's fixed-price over time contracts include progress payments based on specified events or milestones, or based on project progress. For some contracts we may be entitled to receive an advance payment.

The Company applied the practical expedient for certain revenue streams to exclude the value of remaining performance obligations for (i) contracts with an original expected term of one year or less or (ii) contracts for which we recognize revenue in proportion to the amount we have the right to invoice for services performed.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
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-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

OTHER (INCOME) EXPENSE

9 Months Ended

Sep. 30, 2021

Other Income and Expenses [Abstract]

Other (Income) expense [Text Block]


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Interest income	$	(28)	$	(20)	$	(70)	$	(86)
Pension ongoing income – non-service	(306)		(238)		(925)		(711)
Other postretirement income – non-service	(18)		(13)		(53)		(40)
Equity income of affiliated companies	(21)		(17)		(53)		(44)

(Gain) loss on sale of non-strategic businesses and assets	(5)		—		(94)		—
Foreign exchange	4		(1)		22		(16)
Reimbursement receivables charge	—		350		—		350
Expense related to UOP Matters	160		—		160		—
Other (net)	(1)		1		(10)		1
	$	(215)	$	62	$	(1,023)	$	(546)

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS 2 (Details) - Long-term Debt [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of the Hedged Item	$ 3,250	$ 4,144
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item	$ 100	$ 194

SEGMENT FINANCIAL DATA (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Financial Data


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net sales
Aerospace
Products	$	1,461	$	1,623	$	4,547	$	5,335
Services	1,271		1,039		3,583		3,231
Total	2,732		2,662		8,130		8,566
Honeywell Building Technologies
Products	1,014		972		3,065		2,807
Services	356		333		1,070		956
Total	1,370		1,305		4,135		3,763
Performance Materials and Technologies
Products	2,007		1,803		5,931		5,510
Services	503		449		1,477		1,357
Total	2,510		2,252		7,408		6,867
Safety and Productivity Solutions
Products	1,751		1,487		5,738		4,281
Services	110		91		324		260
Total	1,861		1,578		6,062		4,541
	$	8,473	$	7,797	$	25,735	$	23,737
Segment profit
Aerospace	$	740	$	617	$	2,212	$	2,082
Honeywell Building Technologies	322		282		942		794
Performance Materials and Technologies	558		442		1,522		1,373
Safety and Productivity Solutions	245		219		840		610
Corporate	(72)		(7)		(155)		(73)
Total segment profit	1,793		1,553		5,361		4,786
Interest and other financial charges	(90)		(101)		(263)		(264)
Stock compensation expense(a)	(56)		(40)		(172)		(118)
Pension ongoing income(b)	261		197		809		593
Other postretirement income(b)	18		13		53		40
Repositioning and other charges(c)	(96)		(144)		(338)		(486)
Other(d)	(130)		(330)		(8)		(249)
Income before taxes	$	1,700	$	1,148	$	5,442	$	4,302

(a) Amounts included in Selling, general and administrative expenses.

(b) Amounts included in Cost of products and services sold and Selling, general and administrative expenses (service cost component) and Other (income) expense (non-service cost component).

(c) Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.

(d) Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit.

Reconciliation of Operating Profit Loss From Segments to Consolidated


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net sales
Aerospace
Products	$	1,461	$	1,623	$	4,547	$	5,335
Services	1,271		1,039		3,583		3,231
Total	2,732		2,662		8,130		8,566
Honeywell Building Technologies
Products	1,014		972		3,065		2,807
Services	356		333		1,070		956
Total	1,370		1,305		4,135		3,763
Performance Materials and Technologies
Products	2,007		1,803		5,931		5,510
Services	503		449		1,477		1,357
Total	2,510		2,252		7,408		6,867
Safety and Productivity Solutions
Products	1,751		1,487		5,738		4,281
Services	110		91		324		260
Total	1,861		1,578		6,062		4,541
	$	8,473	$	7,797	$	25,735	$	23,737
Segment profit
Aerospace	$	740	$	617	$	2,212	$	2,082
Honeywell Building Technologies	322		282		942		794
Performance Materials and Technologies	558		442		1,522		1,373
Safety and Productivity Solutions	245		219		840		610
Corporate	(72)		(7)		(155)		(73)
Total segment profit	1,793		1,553		5,361		4,786
Interest and other financial charges	(90)		(101)		(263)		(264)
Stock compensation expense(a)	(56)		(40)		(172)		(118)
Pension ongoing income(b)	261		197		809		593
Other postretirement income(b)	18		13		53		40
Repositioning and other charges(c)	(96)		(144)		(338)		(486)
Other(d)	(130)		(330)		(8)		(249)
Income before taxes	$	1,700	$	1,148	$	5,442	$	4,302

(a) Amounts included in Selling, general and administrative expenses.

(b) Amounts included in Cost of products and services sold and Selling, general and administrative expenses (service cost component) and Other (income) expense (non-service cost component).

(c) Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.

(d) Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit.

COMMITMENTS AND CONTINGENCIES 4 (Details) - Narco Asbestos Loss Contingency Liability [Member] $ in Millions	9 Months Ended
	Sep. 30, 2021 USD ($)
Loss Contingency By Nature Of Contingency [Line Items]
Annual Trust Cap	$ 145
Cash Dividends Paid by Third-Party	$ 47

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	9 Months Ended
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income	$ 4,168,000,000	$ 3,486,000,000
Less: Net income attributable to the noncontrolling interest	54,000,000	66,000,000
Net income attributable to Honeywell	4,114,000,000	3,420,000,000
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:
Depreciation	506,000,000	480,000,000
Amortization	427,000,000	268,000,000
Gain on sale of non-strategic businesses and assets	(95,000,000)	0
Repositioning and other charges	338,000,000	486,000,000
Net payments for repositioning and other charges	(505,000,000)	(652,000,000)
Pension and other postretirement income	(862,000,000)	(633,000,000)
Pension and other postretirement benefit payments	(29,000,000)	(37,000,000)
Stock compensation expense	172,000,000	118,000,000
Deferred income taxes	189,000,000	(289,000,000)
Reimbursement receivables charge	0	350,000,000
Other	(106,000,000)	(369,000,000)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts receivable	(419,000,000)	615,000,000
Inventories	(516,000,000)	(284,000,000)
Other current assets	(324,000,000)	246,000,000
Accounts payable	379,000,000	(460,000,000)
Accrued liabilities	106,000,000	167,000,000
Net cash provided by operating activities	3,375,000,000	3,426,000,000
Cash flows from investing activities:
Expenditures for property, plant and equipment	(614,000,000)	(615,000,000)
Proceeds from disposals of property, plant and equipment	18,000,000	17,000,000
Increase in investments	(1,989,000,000)	(2,371,000,000)
Decrease in investments	1,906,000,000	2,634,000,000
Receipts from Garrett Motion Inc.	375,000,000	0
Receipts (payments) from settlements of derivative contracts	88,000,000	(75,000,000)
Cash paid for acquisitions, net of cash acquired	(1,334,000,000)	0
Proceeds from sales of businesses, net of fees paid	203,000,000	0
Net cash used for investing activities	(1,347,000,000)	(410,000,000)
Cash flows from financing activities:
Proceeds from issuance of commercial paper and other short-term borrowings	3,640,000,000	8,577,000,000
Payments of commercial paper and other short-term borrowings	(3,637,000,000)	(8,512,000,000)
Proceeds from issuance of common stock	171,000,000	163,000,000
Proceeds from issuance of long-term debt	2,509,000,000	10,105,000,000
Payments of long-term debt	(3,355,000,000)	(4,237,000,000)
Repurchases of common stock	(2,499,000,000)	(2,149,000,000)
Cash dividends paid	(1,950,000,000)	(1,921,000,000)
Other	(74,000,000)	(54,000,000)
Net cash provided by (used for) financing activities	(5,195,000,000)	1,972,000,000
Effect of foreign exchange rate changes on cash and cash equivalents	(21,000,000)	(19,000,000)
Net increase (decrease) in cash and cash equivalents	(3,188,000,000)	4,969,000,000
Cash and cash equivalents at beginning of period	14,275,000,000	9,067,000,000
Cash and cash equivalents at end of period	$ 11,087,000,000	$ 14,036,000,000

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the notional amounts and fair values of the Company’s outstanding derivatives by risk category and instrument type within the Consolidated Balance Sheet as of September 30, 2021, and December 31, 2020:


	Notional				Fair Value Asset				Fair Value (Liability)
	September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020
Derivatives in Fair Value Hedging Relationships:
Interest rate swap agreements	$	3,150	$	3,950	$	100	$	194	$	—	$	—
Derivatives in Cash Flow Hedging Relationships:
Foreign currency exchange contracts	245		488		11		65		—		(58)
Derivatives in Net Investment Hedging Relationships:
Foreign currency exchange contracts	759		806		72		45		—		(1)
Cross currency swap agreements	1,200		1,200		13		—		—		(50)
Total Derivatives Designated as Hedging Instruments	5,354		6,444		196		304		—		(109)
Derivatives Not Designated as Hedging Instruments:
Foreign currency exchange contracts	11,930		14,829		220		92		(219)		(91)
Total Derivatives at Fair Value	$	17,284	$	21,273	$	416	$	396	$	(219)	$	(200)

Schedule of Derivative Instruments [Table Text Block]

The following table sets forth the amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges:


Line in the Consolidated Balance Sheet of Hedged Item	Carrying Amount of the Hedged Item				Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
Line in the Consolidated Balance Sheet of Hedged Item	September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020
Long-term debt	$	3,250	$	4,144	$	100	$	194

Derivative Instruments, Gain (Loss) [Table Text Block]

The following tables summarize the location and impact to the Consolidated Statement of Operations related to derivative instruments:


	Three Months Ended September 30, 2021
	Revenue		Cost of Products and Services Sold		SG&A		Other (Income) Expense		Interest and Other Financial Charges
	$	8,473	$	5,746	$	1,152	$	(215)	$	90
Gain or (loss) on cash flow hedges:
Foreign Currency Exchange Contracts:
Amount reclassified from accumulated other comprehensive income into income	2		3		3		—		—

Gain or (loss) on fair value hedges:
Interest Rate Swap Agreements:
Hedged items	—		—		—		—		14
Derivatives designated as hedges	—		—		—		—		(14)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		—		—		—		4
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts	—		—		—		103		—


	Three Months Ended September 30, 2020
	Revenue		Cost of Products and Services Sold		SG&A		Other (Income) Expense		Interest and Other Financial Charges
	$	7,797	$	5,383	$	1,103	$	62	$	101
Gain or (loss) on cash flow hedges:
Foreign Currency Exchange Contracts:
Amount reclassified from accumulated other comprehensive income into income	(1)		(1)		(1)		(35)		—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		4		—		8		—
Gain or (loss) on fair value hedges:
Interest Rate Swap Agreements:
Hedged items	—		—		—		—		13
Derivatives designated as hedges	—		—		—		—		(13)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		—		—		—		4
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts	—		—		—		(136)		—


	Nine Months Ended September 30, 2021
	Revenue		Cost of Products and Services Sold	SG&A		Other (Income) Expense	Interest and Other Financial Charges
	$	25,735	17,458	$	3,595	(1,023)	$	263
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	4		7	7		—	—

Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—		—	—		—	94
Derivatives designated as hedges	—		—	—		—	(94)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		—	—		—	12
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts	—		—	—		92	—


	Nine Months Ended September 30, 2020
	Revenue		Cost of Products and Services Sold		SG&A		Other (Income) Expense		Interest and Other Financial Charges
	$	23,737	$	16,193	$	3,524	$	(546)	$	264
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	(2)		29		(4)		(37)		—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		12		—		25		—
Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—		—		—		—		(206)
Derivatives designated as hedges	—		—		—		—		206
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		—		—		—		13
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts	—		—		—		(69)		—

Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The following table summarizes the amounts of gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss):


Derivatives Net Investment Hedging Relationships	Three Months Ended September 30, 2021				Nine Months Ended September 30, 2021
	2021		2020		2021		2020
Euro-denominated long-term debt	$	67	$	(126)	$	202	$	(64)
Euro-denominated commercial paper	13		(25)		40		30
Cross currency swap	25		(42)		53		(61)
Foreign currency exchange contracts	6		(28)		18		(46)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

ACQUISITIONS AND DIVESTITURES (Details) - USD ($)	9 Months Ended
ACQUISITIONS AND DIVESTITURES (Details) - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Business Acquisition [Line Items]
Assets	$ 64,191,000,000		$ 64,586,000,000
Goodwill	16,963,000,000		$ 16,058,000,000
Divestiture [Abstract]
Proceeds from Divestiture of Businesses	230,000,000
Pre-tax gain on sale of footwear business	$ 95,000,000	$ 0
Sparta Systems [Member]
Business Acquisition [Line Items]
Business Acquisition, Name of Acquired Entity	Sparta Systems
Purchase price	$ 1,303,000,000
Intangible Assets	383,000,000
Goodwill	$ 1,029,000,000

REPOSITIONING AND OTHER CHARGES 5 (Details)	9 Months Ended
REPOSITIONING AND OTHER CHARGES 5 (Details)	Sep. 30, 2021 USD ($)
Restructuring Reserve [Line Items]
Balance at beginning of period,	$ 601,000,000
Charges	280,000,000
Usage - cash	(286,000,000)
Usage - noncash	(109,000,000)
Foreign currency translation	(4,000,000)
Adjustments	(18,000,000)
Balance at end of period,	464,000,000
Severance
Restructuring Reserve [Line Items]
Balance at beginning of period,	527,000,000
Charges	63,000,000
Usage - cash	(229,000,000)
Usage - noncash	0
Foreign currency translation	(2,000,000)
Adjustments	(19,000,000)
Balance at end of period,	340,000,000
Asset impairments
Restructuring Reserve [Line Items]
Balance at beginning of period,	0
Charges	107,000,000
Usage - cash	0
Usage - noncash	(109,000,000)
Foreign currency translation	0
Adjustments	2,000,000
Balance at end of period,	0
Exit costs
Restructuring Reserve [Line Items]
Balance at beginning of period,	74,000,000
Charges	110,000,000
Usage - cash	(57,000,000)
Usage - noncash	0
Foreign currency translation	(2,000,000)
Adjustments	(1,000,000)
Balance at end of period,	$ 124,000,000

SEGMENT FINANCIAL DATA (Details) $ in Millions	3 Months Ended		9 Months Ended
SEGMENT FINANCIAL DATA (Details) $ in Millions	Sep. 30, 2021 USD ($)	Sep. 30, 2020 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of Operating Segments			4
Net Sales	$ 8,473	$ 7,797	$ 25,735	$ 23,737
Total segment profit	1,793	1,553	5,361	4,786
Products [Member]
Segment Reporting Information [Line Items]
Net Sales	6,233	5,885	19,281	17,933
Services [Member]
Segment Reporting Information [Line Items]
Net Sales	2,240	1,912	6,454	5,804
Corporate
Segment Reporting Information [Line Items]
Total segment profit	(72)	(7)	(155)	(73)
Aerospace
Segment Reporting Information [Line Items]
Net Sales	2,732	2,662	8,130	8,566
Aerospace \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	2,732	2,662	8,130	8,566
Total segment profit	740	617	2,212	2,082
Aerospace \| Operating Segments [Member] \| Products [Member]
Segment Reporting Information [Line Items]
Net Sales	1,461	1,623	4,547	5,335
Aerospace \| Operating Segments [Member] \| Services [Member]
Segment Reporting Information [Line Items]
Net Sales	1,271	1,039	3,583	3,231
Honeywell Building Technologies
Segment Reporting Information [Line Items]
Net Sales	1,370	1,305	4,135	3,763
Honeywell Building Technologies \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	1,370	1,305	4,135	3,763
Total segment profit	322	282	942	794
Honeywell Building Technologies \| Operating Segments [Member] \| Products [Member]
Segment Reporting Information [Line Items]
Net Sales	1,014	972	3,065	2,807
Honeywell Building Technologies \| Operating Segments [Member] \| Services [Member]
Segment Reporting Information [Line Items]
Net Sales	356	333	1,070	956
Performance Materials and Technologies
Segment Reporting Information [Line Items]
Net Sales	2,510	2,252	7,408	6,867
Performance Materials and Technologies \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	2,510	2,252	7,408	6,867
Total segment profit	558	442	1,522	1,373
Performance Materials and Technologies \| Operating Segments [Member] \| Products [Member]
Segment Reporting Information [Line Items]
Net Sales	2,007	1,803	5,931	5,510
Performance Materials and Technologies \| Operating Segments [Member] \| Services [Member]
Segment Reporting Information [Line Items]
Net Sales	503	449	1,477	1,357
Safety and Productivity Solutions
Segment Reporting Information [Line Items]
Net Sales	1,861	1,578	6,062	4,541
Safety and Productivity Solutions \| Operating Segments [Member]
Segment Reporting Information [Line Items]
Net Sales	1,861	1,578	6,062	4,541
Total segment profit	245	219	840	610
Safety and Productivity Solutions \| Operating Segments [Member] \| Products [Member]
Segment Reporting Information [Line Items]
Net Sales	1,751	1,487	5,738	4,281
Safety and Productivity Solutions \| Operating Segments [Member] \| Services [Member]
Segment Reporting Information [Line Items]
Net Sales	$ 110	$ 91	$ 324	$ 260

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies [Text Block]	The accounting policies of the Company are set forth in Note 1 to the Company's Consolidated Financial Statements contained in the Company’s 2020 Annual Report on Form 10-K. The Company includes herein certain updates to those policies. RECLASSIFICATIONS Certain prior year amounts have been reclassified to conform to the current year presentation. RECENT ACCOUNTING PRONOUNCEMENTS The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our Consolidated Financial Statements. In December 2019, the FASB issued an ASU to simplify the accounting for income taxes. The standard’s amendments include changes in various subtopics of accounting for income taxes including, but not limited to, accounting for “hybrid” tax regimes, tax basis step-up in goodwill obtained in a transaction that is not a business combination, intraperiod tax allocation exception to incremental approach, ownership changes in investments, interim-period accounting for enacted changes in tax law, and year-to-date loss limitation in interim-period tax accounting. Effective January 1, 2021, the Company adopted this standard. The adoption of this standard did not have a material impact on the Company's Consolidated Financial Statements. In March 2020, the FASB issued guidance that provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. The Company does not expect the adoption of this standard to have a material impact on the Company’s Consolidated Financial Statements.

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Derivative [Line Items]
Notional	$ 17,284,000,000	$ 21,273,000,000
Fair Value Asset	416,000,000	396,000,000
Fair Value (Liability)	(219,000,000)	(200,000,000)
Foreign Exchange Forward [Member]
Derivative [Line Items]
Amount of hedged item	4,172,000,000	4,414,000,000
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Notional	5,354,000,000	6,444,000,000
Fair Value Asset	196,000,000	304,000,000
Fair Value (Liability)	0	(109,000,000)
Designated as Hedging Instrument [Member] \| Derivatives in Fair Value Hedging Relationships [Member] \| Interest Rate Swap [Member]
Derivative [Line Items]
Notional	3,150,000,000	3,950,000,000
Fair Value Asset	100,000,000	194,000,000
Fair Value (Liability)	0	0
Designated as Hedging Instrument [Member] \| Derivatives in Cash Flow Hedging Relationships [Member] \| Foreign currency exchange contracts [Member]
Derivative [Line Items]
Notional	245,000,000	488,000,000
Fair Value Asset	11,000,000	65,000,000
Fair Value (Liability)	0	(58,000,000)
Designated as Hedging Instrument [Member] \| Derivatives in Net Investment Hedging Relationships [Member] \| Foreign currency exchange contracts [Member]
Derivative [Line Items]
Notional	759,000,000	806,000,000
Fair Value Asset	72,000,000	45,000,000
Fair Value (Liability)	0	(1,000,000)
Designated as Hedging Instrument [Member] \| Derivatives in Net Investment Hedging Relationships [Member] \| Cross currency swap agreements [Member]
Derivative [Line Items]
Notional	1,200,000,000	1,200,000,000
Fair Value Asset	13,000,000	0
Fair Value (Liability)	0	(50,000,000)
Not Designated as Hedging Instrument [Member] \| Foreign currency exchange contracts [Member]
Derivative [Line Items]
Notional	11,930,000,000	14,829,000,000
Fair Value Asset	220,000,000	92,000,000
Fair Value (Liability)	$ (219,000,000)	$ (91,000,000)

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Financial Instruments and Fair Value Measures

The accounting guidance for fair value measurements and disclosures establishes a three-level fair value hierarchy:

•Level 1 - Inputs are based on quoted prices in active markets for identical assets and liabilities.

•Level 2 - Inputs are based on observable inputs other than quoted prices in active markets for identical or similar assets and liabilities.

•Level 3 - One or more inputs are unobservable and significant.

Financial and nonfinancial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The following table sets forth the Company’s financial assets and liabilities accounted for at fair value on a recurring basis:


	September 30, 2021		December 31, 2020
Assets:
Foreign currency exchange contracts	$	303	$	202
Available for sale investments	994		1,118
Interest rate swap agreements	100		194
Cross currency swap agreements	13		—
Investments in equity securities	52		11
Liabilities:
Foreign currency exchange contracts	$	219	$	150

Cross currency swap agreements	—		50

The foreign currency exchange contracts, interest rate swap agreements, and cross currency swap agreements are valued using broker quotations or market transactions in either the listed or over-the-counter markets. As such, these derivative instruments are classified within level 2. The Company also holds investments in commercial paper, certificates of deposits, and time deposits that are designated as available for sale, as well as investments in equity securities, which are valued using published prices based off observable market data. As such, these investments are classified within level 2.

The Company holds certain available for sale investments in U.S. government and corporate debt securities, as well as investments in equity securities, which are valued utilizing published prices based on quoted market pricing, which are classified within level 1.

The carrying value of cash and cash equivalents, trade accounts and notes receivables, payables, commercial paper, and short-term borrowings approximates fair value.

The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:


	September 30, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets
Short-term investment	$	242	$	242	$	—	$	—
Long-term receivables	$	170	$	155	$	137	$	132
Long-term investment	353		353		—		—
Liabilities
Long-term debt and related current maturities	$	17,690	$	18,888	$	18,787	$	20,176

The Company determined the fair value of the long-term receivables by utilizing transactions in the listed markets for identical or similar assets. As such, the fair values of these receivables are considered level 2.

The fair value of the short-term and long-term investments are based on the present value of the mandatory redemptions as reflected within Garrett Motion Inc.'s (Garrett) Series B Preferred Stock (Series B Preferred Stock) Certificate of Designation, as amended. Fair Value of the Series B Preferred Stock is not impacted by early redemptions until receipt of payment. The investment is designated as held to maturity and was initially recognized at fair value. The fair value of Garrett's Series B Preferred Stock was determined using observable market data and is considered level 2. Refer to Note 15 Commitments and Contingencies for further discussion of the Company’s investment in Garrett's Series B Preferred Stock. The Company determined the fair value of the long-term debt and related current maturities utilizing transactions in the listed markets for identical or similar liabilities. As such, the fair value of the long-term debt and related current maturities is considered level 2.

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 11,087	$ 14,275
Short-term Investments	1,049	945
Accounts receivable - net	7,239	6,827
Inventories	4,967	4,489
Other current assets	1,691	1,639
Total current assets	26,033	28,175
Investments and long-term receivables	1,243	685
Property, plant and equipment - net	5,514	5,570
Goodwill	16,963	16,058
Other intangible assets - net	3,637	3,560
Insurance recoveries for asbestos related liabilities	330	366
Deferred income taxes	760	760
Other assets	9,711	9,412
Total assets	64,191	64,586
Current liabilities:
Accounts payable	6,116	5,750
Commercial paper and other short-term borrowings	3,559	3,597
Current maturities of long-term debt	3,344	2,445
Accrued liabilities	7,188	7,405
Total current liabilities	20,207	19,197
Long-term debt	14,346	16,342
Deferred income taxes	2,372	2,113
Postretirement benefit obligations other than pensions	225	242
Asbestos-related liabilities	1,765	1,920
Other liabilities	7,155	6,975
Redeemable noncontrolling interest	7	7
SHAREOWNERS' EQUITY
Capital - common stock issued	958	958
Capital - additional paid in capital	7,612	7,292
Common stock held in treasury, at cost	(29,614)	(27,229)
Accumulated other comprehensive loss	(3,193)	(3,377)
Retained earnings	42,079	39,905
Total Honeywell shareowners' equity	17,842	17,549
Noncontrolling interest	272	241
Total shareowners' equity	18,114	17,790
Total liabilities, redeemable noncontrolling interest, and shareowners' equity	$ 64,191	$ 64,586

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in Accumulated Other Comprehensive Income by Component


	Foreign Exchange Translation Adjustment		Pension and Other Postretirement Benefits Adjustments		Changes in Fair Value of Available for Sale Investments		Changes in Fair Value of Cash Flow Hedges		Total
Balance at December 31, 2020	$	(2,780)	$	(601)	$	4	$	—	$	(3,377)
Other comprehensive income (loss) before reclassifications	250		—		(3)		16		263
Amounts reclassified from accumulated other comprehensive income	—		(65)		—		(14)		(79)
Net current period other comprehensive income (loss)	250		(65)		(3)		2		184
Balance at September 30, 2021	$	(2,530)	$	(666)	$	1	$	2	$	(3,193)


	Foreign Exchange Translation Adjustment		Pension and Other Postretirement Benefits Adjustments		Changes in Fair Value of Available for Sale Investments		Changes in Fair Value of Cash Flow Hedges		Total
Balance at December 31, 2019	$	(2,566)	$	(675)	$	—	$	44	$	(3,197)
Other comprehensive income (loss) before reclassifications	(227)		—		—		50		(177)
Amounts reclassified from accumulated other comprehensive income	(10)		(60)		—		8		(62)
Net current period other comprehensive income (loss)	(237)		(60)		—		58		(239)
Balance at September 30, 2020	$	(2,803)	$	(735)	$	—	$	102	$	(3,436)

INVENTORIES

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Inventories


	September 30, 2021		December 31, 2020
Raw materials	$	1,296	$	1,079
Work in process	848		798
Finished products	2,823		2,612
	$	4,967	$	4,489

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS

9 Months Ended

Sep. 30, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Our credit, market, foreign currency and interest rate risk management policies are described in Note 12 Derivative Instruments and Hedging Transactions of Notes to Consolidated Financial Statements in our 2020 Annual Report on Form 10-K. All derivative assets are presented in Other current assets or Other assets. All derivative liabilities are presented in Accrued liabilities or Other liabilities.


	Notional				Fair Value Asset				Fair Value (Liability)
	September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020
Derivatives in Fair Value Hedging Relationships:
Interest rate swap agreements	$	3,150	$	3,950	$	100	$	194	$	—	$	—
Derivatives in Cash Flow Hedging Relationships:
Foreign currency exchange contracts	245		488		11		65		—		(58)
Derivatives in Net Investment Hedging Relationships:
Foreign currency exchange contracts	759		806		72		45		—		(1)
Cross currency swap agreements	1,200		1,200		13		—		—		(50)
Total Derivatives Designated as Hedging Instruments	5,354		6,444		196		304		—		(109)
Derivatives Not Designated as Hedging Instruments:
Foreign currency exchange contracts	11,930		14,829		220		92		(219)		(91)
Total Derivatives at Fair Value	$	17,284	$	21,273	$	416	$	396	$	(219)	$	(200)

In addition to the derivative instruments listed above, certain of the Company's foreign currency denominated debt instruments are designated as net investment hedges. The carrying value of those debt instruments designated as net investment hedges, which includes the adjustment for the foreign currency transaction gain or loss on those instruments, was $4,172 million and $4,414 million as of September 30, 2021, and December 31, 2020.

The following table sets forth the amounts recorded on the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges:


Line in the Consolidated Balance Sheet of Hedged Item	Carrying Amount of the Hedged Item				Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
Line in the Consolidated Balance Sheet of Hedged Item	September 30, 2021		December 31, 2020		September 30, 2021		December 31, 2020
Long-term debt	$	3,250	$	4,144	$	100	$	194

The following tables summarize the location and impact to the Consolidated Statement of Operations related to derivative instruments:


	Three Months Ended September 30, 2021
	Revenue		Cost of Products and Services Sold		SG&A		Other (Income) Expense		Interest and Other Financial Charges
	$	8,473	$	5,746	$	1,152	$	(215)	$	90
Gain or (loss) on cash flow hedges:
Foreign Currency Exchange Contracts:
Amount reclassified from accumulated other comprehensive income into income	2		3		3		—		—

Gain or (loss) on fair value hedges:
Interest Rate Swap Agreements:
Hedged items	—		—		—		—		14
Derivatives designated as hedges	—		—		—		—		(14)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		—		—		—		4
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts	—		—		—		103		—


	Three Months Ended September 30, 2020
	Revenue		Cost of Products and Services Sold		SG&A		Other (Income) Expense		Interest and Other Financial Charges
	$	7,797	$	5,383	$	1,103	$	62	$	101
Gain or (loss) on cash flow hedges:
Foreign Currency Exchange Contracts:
Amount reclassified from accumulated other comprehensive income into income	(1)		(1)		(1)		(35)		—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		4		—		8		—
Gain or (loss) on fair value hedges:
Interest Rate Swap Agreements:
Hedged items	—		—		—		—		13
Derivatives designated as hedges	—		—		—		—		(13)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		—		—		—		4
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts	—		—		—		(136)		—


	Nine Months Ended September 30, 2021
	Revenue		Cost of Products and Services Sold	SG&A		Other (Income) Expense	Interest and Other Financial Charges
	$	25,735	17,458	$	3,595	(1,023)	$	263
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	4		7	7		—	—

Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—		—	—		—	94
Derivatives designated as hedges	—		—	—		—	(94)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		—	—		—	12
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts	—		—	—		92	—


	Nine Months Ended September 30, 2020
	Revenue		Cost of Products and Services Sold		SG&A		Other (Income) Expense		Interest and Other Financial Charges
	$	23,737	$	16,193	$	3,524	$	(546)	$	264
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income	(2)		29		(4)		(37)		—
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		12		—		25		—
Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items	—		—		—		—		(206)
Derivatives designated as hedges	—		—		—		—		206
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	—		—		—		—		13
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts	—		—		—		(69)		—

The following table summarizes the amounts of gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss):


Derivatives Net Investment Hedging Relationships	Three Months Ended September 30, 2021				Nine Months Ended September 30, 2021
	2021		2020		2021		2020
Euro-denominated long-term debt	$	67	$	(126)	$	202	$	(64)
Euro-denominated commercial paper	13		(25)		40		30
Cross currency swap	25		(42)		53		(61)
Foreign currency exchange contracts	6		(28)		18		(46)

LONG-TERM DEBT AND CREDIT AGREEMENTS (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Long-Term Debt


	September 30, 2021		December 31, 2020

4.25% notes due 2021	$	—	$	800
1.85% notes due 2021	1,500		1,500
0.483% notes due 2022	500		2,500
2.15% notes due 2022	600		600
Floating rate notes due 2022	600		1,100
1.30% Euro notes due 2023	1,450		1,534
3.35% notes due 2023	300		300
0.00% Euro notes due 2024	580		614
2.30% notes due 2024	750		750
1.35% notes due 2025	1,250		1,250
2.50% notes due 2026	1,500		1,500
1.10% notes due 2027	1,000		—
2.25% Euro notes due 2028	870		920
2.70% notes due 2029	750		750
1.95% notes due 2030	1,000		1,000
1.75% notes due 2031	1,500		—
0.75% Euro notes due 2032	580		614
5.70% notes due 2036	441		441
5.70% notes due 2037	462		462
5.375% notes due 2041	417		417
3.812% notes due 2047	445		445
2.80% notes due 2050	750		750
Industrial development bond obligations, floating rate maturing at various dates through 2037	22		22
6.625% debentures due 2028	201		201
9.065% debentures due 2033	51		51
Other (including capitalized leases and debt issuance costs), 8.0% weighted average interest rate maturing at various dates through 2026	171		266
	17,690		18,787
Less-current portion	(3,344)		(2,445)
	$	14,346	$	16,342

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2021
Accounting Policies [Abstract]
Reclassifications	Certain prior year amounts have been reclassified to conform to the current year presentation.
Recent Accounting Pronouncements	The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our Consolidated Financial Statements. In December 2019, the FASB issued an ASU to simplify the accounting for income taxes. The standard’s amendments include changes in various subtopics of accounting for income taxes including, but not limited to, accounting for “hybrid” tax regimes, tax basis step-up in goodwill obtained in a transaction that is not a business combination, intraperiod tax allocation exception to incremental approach, ownership changes in investments, interim-period accounting for enacted changes in tax law, and year-to-date loss limitation in interim-period tax accounting. Effective January 1, 2021, the Company adopted this standard. The adoption of this standard did not have a material impact on the Company's Consolidated Financial Statements. In March 2020, the FASB issued guidance that provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. The Company does not expect the adoption of this standard to have a material impact on the Company’s Consolidated Financial Statements.

LEASES (Details) - USD ($) $ in Millions	9 Months Ended
LEASES (Details) - USD ($) $ in Millions	Sep. 30, 2021	Sep. 30, 2020
Right Of Use Assets Obtained In Exchange For Lease [Abstract]
Operating leases	$ 290	$ 155
Finance leases	$ 24	$ 24

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS 3 (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021 USD ($)
Revenue, Performance Obligation [Abstract]
Revenue Performance Obligation Description of Timing	Performance obligations recognized as of September 30, 2021, will be satisfied over the course of future periods. The Company's disclosure of the timing for satisfying the performance obligation is based on the requirements of contracts with customers. However, from time to time, these contracts may be subject to modifications, impacting the timing of satisfying the performance obligations. Performance obligations expected to be satisfied within one year and greater than one year are 56% and 44%, respectively.
Revenue Performance Obligation Description of Payment Terms	The timing of satisfaction of the Company's performance obligations does not significantly vary from the typical timing of payment. Typical payment terms of the Company's fixed-price over time contracts include progress payments based on specified events or milestones, or based on project progress. For some contracts we may be entitled to receive an advance payment.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 27,540
Within One Year [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage	56.00%
Greater Than One Year [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage	44.00%
Aerospace
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 8,890
Honeywell Building Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	6,813
Performance Materials and Technologies
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	7,573
Safety and Productivity Solutions
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 4,264

PENSION BENEFITS (Tables)

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Defined Benefit Plans Disclosure

Net periodic pension benefit costs for the Company's significant defined benefit plans include the following components:


	U.S. Plans
	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Service cost	$	26	$	25	$	79	$	74
Interest cost	77		116		230		346
Expected return on plan assets	(305)		(284)		(915)		(851)
Amortization of prior service (credit)	(11)		(11)		(33)		(32)
	$	(213)	$	(154)	$	(639)	$	(463)


	Non-U.S. Plans
	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Service cost	$	7	$	6	$	20	$	17
Interest cost	18		26		58		78
Expected return on plan assets	(87)		(84)		(263)		(249)
Amortization of prior service (credit)	—		—		—		—
	$	(62)	$	(52)	$	(185)	$	(154)

LONG-TERM DEBT AND CREDIT AGREEMENTS (Details) - USD ($)	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Total long-term debt, including current portion	$ 17,690,000,000		$ 18,787,000,000
Less current portion	(3,344,000,000)		(2,445,000,000)
Long-term Debt and Lease Obligation	14,346,000,000		16,342,000,000
Repayment of Long-term Debt	3,355,000,000	$ 4,237,000,000
4.25% notes due 2021 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 0		800,000,000
Debt Instrument, Interest Rate, Stated Percentage	4.25%
1.85% notes due 2021 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 1,500,000,000		1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage	1.85%
0.483% notes due 2022 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 500,000,000		2,500,000,000
Debt Instrument, Interest Rate, Stated Percentage	0.483%
Repayment of Long-term Debt	$ 2,000,000,000
2.15% notes due 2022 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 600,000,000		600,000,000
Debt Instrument, Interest Rate, Stated Percentage	2.15%
Floating rate notes due 2022 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 600,000,000		1,100,000,000
Repayment of Long-term Debt	500,000,000
1.30% Euro notes due 2023 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 1,450,000,000		1,534,000,000
Debt Instrument, Interest Rate, Stated Percentage	1.30%
3.35% notes due 2023 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 300,000,000		300,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.35%
0.00% Euro notes due 2024 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 580,000,000		614,000,000
Debt Instrument, Interest Rate, Stated Percentage	0.00%
2.30% notes due 2024 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 750,000,000		750,000,000
Debt Instrument, Interest Rate, Stated Percentage	2.30%
1.35% notes due 2025 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 1,250,000,000		1,250,000,000
Debt Instrument, Interest Rate, Stated Percentage	1.35%
2.50% notes due 2026 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 1,500,000,000		1,500,000,000
Debt Instrument, Interest Rate, Stated Percentage	2.50%
1.10% notes due 2027 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 1,000,000,000		0
Debt Instrument, Interest Rate, Stated Percentage	1.10%
2.25% Euro notes due 2028 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 870,000,000		920,000,000
Debt Instrument, Interest Rate, Stated Percentage	2.25%
2.70% notes due 2029 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 750,000,000		750,000,000
Debt Instrument, Interest Rate, Stated Percentage	2.70%
1.95% notes due 2030 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 1,000,000,000		1,000,000,000
Debt Instrument, Interest Rate, Stated Percentage	1.95%
1.75% notes due 2031 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 1,500,000,000		0
Debt Instrument, Interest Rate, Stated Percentage	1.75%
0.750% Euro notes due 2032 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 580,000,000		614,000,000
Debt Instrument, Interest Rate, Stated Percentage	0.75%
5.70% notes due 2036 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 441,000,000		441,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.70%
5.70% notes due 2037 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 462,000,000		462,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.70%
5.375% notes due 2041 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 417,000,000		417,000,000
Debt Instrument, Interest Rate, Stated Percentage	5.375%
3.812% notes due 2047 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 445,000,000		445,000,000
Debt Instrument, Interest Rate, Stated Percentage	3.812%
2.80% notes due 2050 [Member]
Debt Instrument [Line Items]
Senior Notes	$ 750,000,000		750,000,000
Debt Instrument, Interest Rate, Stated Percentage	2.80%
Industrial development bond obligations, floating rate maturing at various dates through 2037 [Member]
Debt Instrument [Line Items]
Industrial development bond	$ 22,000,000		22,000,000
6.625% debentures due 2028 [Member]
Debt Instrument [Line Items]
Junior Subordinated Notes	$ 201,000,000		201,000,000
Debt Instrument, Interest Rate, Stated Percentage	6.625%
9.065% debentures due 2033 [Member]
Debt Instrument [Line Items]
Junior Subordinated Notes	$ 51,000,000		51,000,000
Debt Instrument, Interest Rate, Stated Percentage	9.065%
Other including capitalized leases and debt issuance costs 8.0% weighted average maturing at various dates through 2026
Debt Instrument [Line Items]
Other long term debt	$ 171,000,000		$ 266,000,000
Debt, Weighted Average Interest Rate	8.00%
The Notes [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Debt	$ 2,500,000,000
Debt Issuance Costs, Net	18,000,000
Syndicate Of Banks [Member] \| $1.5B 364-Day Credit Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity	1,500,000,000
Line of credit facility, borrowing capacity of prior agreement	1,500,000,000
Line of credit facility, remaining borrowing capacity	1,500,000,000
Syndicate Of Banks [Member] \| Five Year Credit Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity	4,000,000,000
Line of credit facility, borrowing capacity of prior agreement	4,000,000,000
Line of credit facility, remaining borrowing capacity	4,000,000,000
Line of credit facility, maximum borrowing capacity	$ 4,500,000,000

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

See the following table and related discussions by operating segment for details.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Aerospace
Commercial Aviation Original Equipment	$	415	$	411	$	1,282	$	1,532
Commercial Aviation Aftermarket	1,083		779		3,008		2,825
Defense and Space	1,234		1,472		3,840		4,209
	2,732		2,662		8,130		8,566
Honeywell Building Technologies
Products	805		745		2,432		2,145
Building Solutions	565		560		1,703		1,618
	1,370		1,305		4,135		3,763
Performance Materials and Technologies
UOP	600		461		1,698		1,572
Process Solutions	1,160		1,135		3,422		3,379
Advanced Materials	750		656		2,288		1,916


	2,510		2,252		7,408		6,867
Safety and Productivity Solutions
Safety and Retail	525		599		1,884		1,612
Productivity Solutions and Services	407		322		1,132		877
Warehouse and Workflow Solutions	716		445		2,440		1,457
Advanced Sensing Technologies	213		212		606		595
	1,861		1,578		6,062		4,541
Net sales	$	8,473	$	7,797	$	25,735	$	23,737

The disaggregation of the Company's revenue based off timing of recognition is as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Products, transferred point in time	58	%	61	%	58	%	61	%
Products, transferred over time	16		15		17		15
Net product sales	74		76		75		76
Services, transferred point in time	9		7		8		8
Services, transferred over time	17		17		17		16
Net service sales	26		24		25		24
Net sales	100	%	100	%	100	%	100	%

Contract with Customer Asset and Liability [Table Text Block]

The following table summarizes the Company's contract assets and liabilities balances:


	2021		2020
Contract assets - January 1	$	1,618	$	1,602
Contract assets - September 30	2,087		1,819
Change in contract assets - increase (decrease)	$	469	$	217

Contract liabilities - January 1	$	(4,033)	$	(3,501)
Contract liabilities - September 30	(3,840)		(3,666)
Change in contract liabilities - decrease (increase)	$	193	$	(165)

Net change	$	662	$	52

Revenue Remaining Performance Obligation Expected Timing of Satisfaction [Table Text Block]

The following table outlines the Company's remaining performance obligations disaggregated by segment:


	September 30, 2021
Aerospace	$	8,890
Honeywell Building Technologies	6,813
Performance Materials and Technologies	7,573
Safety and Productivity Solutions	4,264
	$	27,540

ACCOUNTS RECEIVABLE - NET (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Accounts Receivable, after Allowance for Credit Loss, Current [Abstract]
Trade	$ 7,427	$ 7,029
Less - Allowance for doubtful accounts	(188)	(202)
Accounts receivable, Net	7,239	6,827
Accounts Notes And Other Receivables Paragraph Details [Abstract]
Unbilled contracts receivable	$ 2,049	$ 1,589

INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Inventories


	September 30, 2021		December 31, 2020
Raw materials	$	1,296	$	1,079
Work in process	848		798
Finished products	2,823		2,612
	$	4,967	$	4,489

COMMITMENTS AND CONTINGENCIES 3 (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Loss Contingency, Narco and Bendix Asbestos Related Balances by Balance Sheet Caption [Line Items]
Insurance recoveries for asbestos related liabilities	$ 330	$ 366
Asbestos-related liabilities	1,765	1,920
Asbestos Related Liabilities [Member]
Loss Contingency, Narco and Bendix Asbestos Related Balances by Balance Sheet Caption [Line Items]
Other current assets	35	36
Insurance recoveries for asbestos related liabilities	330	366
Total assets	365	402
Accrued liabilities	300	300
Asbestos-related liabilities	1,765	1,920
Total liabilities	$ 2,065	$ 2,220

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table sets forth the Company’s financial assets and liabilities accounted for at fair value on a recurring basis:


	September 30, 2021		December 31, 2020
Assets:
Foreign currency exchange contracts	$	303	$	202
Available for sale investments	994		1,118
Interest rate swap agreements	100		194
Cross currency swap agreements	13		—
Investments in equity securities	52		11
Liabilities:
Foreign currency exchange contracts	$	219	$	150

Cross currency swap agreements	—		50

Financial assets and liabilities that were not carried at fair value

The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value:


	September 30, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets
Short-term investment	$	242	$	242	$	—	$	—
Long-term receivables	$	170	$	155	$	137	$	132
Long-term investment	353		353		—		—
Liabilities
Long-term debt and related current maturities	$	17,690	$	18,888	$	18,787	$	20,176

REPOSITIONING AND OTHER CHARGES (Tables)

9 Months Ended

Sep. 30, 2021

Restructuring and Related Activities [Abstract]

Repositioning and other charges

A summary of repositioning and other charges follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Severance	$	3	$	113	$	63	$	433
Asset impairments	20		5		107		11
Exit costs	46		17		110		47
Reserve adjustments	3		(11)		(18)		(42)
Total net repositioning charge	72		124		262		449
Asbestos related litigation charges, net of insurance and reimbursements	24		13		68		33
Probable and reasonably estimable environmental liabilities, net of reimbursements	3		6		14		20
Other	(3)		1		(6)		(16)
Total net repositioning and other charges	$	96	$	144	$	338	$	486

Pretax distribution of total net repositioning and other charges by income statement classification

The following table summarizes the pretax distribution of total net repositioning and other charges by classification:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Cost of products and services sold	$	63	$	91	$	248	$	286
Selling, general and administrative expenses	33		53		90		200

	$	96	$	144	$	338	$	486

Pretax Impact of Total Net Repositioning and Other Charges by Segment

The following table summarizes the pretax impact of total net repositioning and other charges by segment:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Aerospace	$	(2)	$	33	$	55	$	151
Honeywell Building Technologies	5		29		9		87
Performance Materials and Technologies	5		34		12		139
Safety and Productivity Solutions	40		15		136		32
Corporate	48		33		126		77
	$	96	$	144	$	338	$	486

Total Repositioning Reserves

The following table summarizes the status of the Company's total repositioning reserves:


	Severance Costs		Asset Impairments		Exit Costs		Total
Balance at December 31, 2020	$	527	$	—	$	74	$	601
Charges	63		107		110		280
Usage - cash	(229)		—		(57)		(286)
Usage - noncash	—		(109)		—		(109)
Foreign currency translation	(2)		—		(2)		(4)
Adjustments	(19)		2		(1)		(18)
Balance at September 30, 2021	$	340	$	—	$	124	$	464

PENSION BENEFITS

9 Months Ended

Sep. 30, 2021

Retirement Benefits, Description [Abstract]

Pension Benefits

Net periodic pension benefit costs for the Company's significant defined benefit plans include the following components:


	U.S. Plans
	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Service cost	$	26	$	25	$	79	$	74
Interest cost	77		116		230		346
Expected return on plan assets	(305)		(284)		(915)		(851)
Amortization of prior service (credit)	(11)		(11)		(33)		(32)
	$	(213)	$	(154)	$	(639)	$	(463)


	Non-U.S. Plans
	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Service cost	$	7	$	6	$	20	$	17
Interest cost	18		26		58		78
Expected return on plan assets	(87)		(84)		(263)		(249)
Amortization of prior service (credit)	—		—		—		—
	$	(62)	$	(52)	$	(185)	$	(154)

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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+ Details

SEGMENT FINANCIAL DATA

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Financial Data

Honeywell globally manages its business operations through four reportable operating segments. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance.

Honeywell’s senior management evaluates segment performance based on segment profit. Each segment’s profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, interest and other financial charges, stock compensation expense, pension and other postretirement income (expense), repositioning and other charges, and other items within Other (income) expense.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net sales
Aerospace
Products	$	1,461	$	1,623	$	4,547	$	5,335
Services	1,271		1,039		3,583		3,231
Total	2,732		2,662		8,130		8,566
Honeywell Building Technologies
Products	1,014		972		3,065		2,807
Services	356		333		1,070		956
Total	1,370		1,305		4,135		3,763
Performance Materials and Technologies
Products	2,007		1,803		5,931		5,510
Services	503		449		1,477		1,357
Total	2,510		2,252		7,408		6,867
Safety and Productivity Solutions
Products	1,751		1,487		5,738		4,281
Services	110		91		324		260
Total	1,861		1,578		6,062		4,541
	$	8,473	$	7,797	$	25,735	$	23,737
Segment profit
Aerospace	$	740	$	617	$	2,212	$	2,082
Honeywell Building Technologies	322		282		942		794
Performance Materials and Technologies	558		442		1,522		1,373
Safety and Productivity Solutions	245		219		840		610
Corporate	(72)		(7)		(155)		(73)
Total segment profit	1,793		1,553		5,361		4,786
Interest and other financial charges	(90)		(101)		(263)		(264)
Stock compensation expense(a)	(56)		(40)		(172)		(118)
Pension ongoing income(b)	261		197		809		593
Other postretirement income(b)	18		13		53		40
Repositioning and other charges(c)	(96)		(144)		(338)		(486)
Other(d)	(130)		(330)		(8)		(249)
Income before taxes	$	1,700	$	1,148	$	5,442	$	4,302

(a) Amounts included in Selling, general and administrative expenses.

(b) Amounts included in Cost of products and services sold and Selling, general and administrative expenses (service cost component) and Other (income) expense (non-service cost component).

(c) Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.

(d) Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

CONSOLIDATED STATEMENT OF SHAREOWNERS EQUITY - USD ($)	Total	Common Stock [Member]	Additional paid-in capital [Member]	Treasury stock [Member]	Retained earnings [Member]	Accumulated other comprehensive income (loss) [Member]	Noncontrolling interest [Member]
Balance at beginning of period at Dec. 31, 2019			$ 6,876,000,000	$ (23,836,000,000)	$ 37,693,000,000	$ (3,197,000,000)	$ 212,000,000
Issued for employee savings and option plans			161,000,000	$ 179,000,000
Stock Issued During Period Shares For Employee Savings And Option Plans				3,700,000
Stock-based compensation expense			118,000,000
Treasury Stock, Shares beginning balance at Dec. 31, 2019				(246,500,000)
Reacquired stock or repurchases of common stock				$ (2,149,000,000)
Reacquired stock or repurchases of common stock, shares				(13,100,000)
Treasury Stock, Shares ending balance at Sep. 30, 2020				(255,900,000)
Net income attributable to Honeywell	$ 3,420,000,000				3,420,000,000
Acquisitions, divestitures, and other							(6,000,000)
Dividends on common stock					(1,910,000,000)
Foreign exchange translation adjustment	(237,000,000)					(237,000,000)	2,000,000
Pension and other postretirement benefit adjustments	(60,000,000)					(60,000,000)
Changes in fair value of available for sale investments						0
Changes in fair value of cash flow hedges	58,000,000					58,000,000
Net Income attributable to noncontrolling interest	$ 66,000,000						66,000,000
Dividends Paid							(35,000,000)
Contributions from noncontrolling interest holders							0
Cash dividends per share of common stock	$ 2.700
Balance at end of period at Sep. 30, 2020	$ 18,313,000,000	$ 958,000,000	7,155,000,000	$ (25,806,000,000)	39,203,000,000	(3,436,000,000)	239,000,000
Common Stock, Shares, Issued, Ending Balance at Sep. 30, 2020	957,600,000	957,600,000
Balance at beginning of period at Jun. 30, 2020			7,104,000,000	(25,685,000,000)	39,080,000,000	(3,310,000,000)	219,000,000
Issued for employee savings and option plans			11,000,000	$ 43,000,000
Stock Issued During Period Shares For Employee Savings And Option Plans				900,000
Stock-based compensation expense			40,000,000
Treasury Stock, Shares beginning balance at Jun. 30, 2020				(255,800,000)
Reacquired stock or repurchases of common stock				$ (164,000,000)
Reacquired stock or repurchases of common stock, shares				(1,000,000.0)
Treasury Stock, Shares ending balance at Sep. 30, 2020				(255,900,000)
Net income attributable to Honeywell	$ 758,000,000				758,000,000
Acquisitions, divestitures, and other							0
Dividends on common stock					(635,000,000)
Foreign exchange translation adjustment	(82,000,000)					(82,000,000)	6,000,000
Pension and other postretirement benefit adjustments	(20,000,000)					(20,000,000)
Changes in fair value of available for sale investments						0
Changes in fair value of cash flow hedges	(24,000,000)					(24,000,000)
Net Income attributable to noncontrolling interest	$ 23,000,000						23,000,000
Dividends Paid							(9,000,000)
Contributions from noncontrolling interest holders							0
Cash dividends per share of common stock	$ 0.900
Balance at end of period at Sep. 30, 2020	$ 18,313,000,000	$ 958,000,000	7,155,000,000	$ (25,806,000,000)	39,203,000,000	(3,436,000,000)	239,000,000
Common Stock, Shares, Issued, Ending Balance at Sep. 30, 2020	957,600,000	957,600,000
Shares outstanding	701,700,000
Balance at beginning of period at Dec. 31, 2020	$ 17,790,000,000		7,292,000,000	(27,229,000,000)	39,905,000,000	(3,377,000,000)	241,000,000
Issued for employee savings and option plans			148,000,000	$ 114,000,000
Stock Issued During Period Shares For Employee Savings And Option Plans				3,100,000
Stock-based compensation expense			172,000,000
Treasury Stock, Shares beginning balance at Dec. 31, 2020				(260,800,000)
Reacquired stock or repurchases of common stock				$ (2,499,000,000)
Reacquired stock or repurchases of common stock, shares				(11,500,000)
Treasury Stock, Shares ending balance at Sep. 30, 2021				(269,200,000)
Net income attributable to Honeywell	4,114,000,000				4,114,000,000
Acquisitions, divestitures, and other							5,000,000
Dividends on common stock					(1,940,000,000)
Foreign exchange translation adjustment	250,000,000					250,000,000	0
Pension and other postretirement benefit adjustments	(65,000,000)					(65,000,000)
Changes in fair value of available for sale investments						(3,000,000)
Changes in fair value of cash flow hedges	2,000,000					2,000,000
Net Income attributable to noncontrolling interest	$ 54,000,000						54,000,000
Dividends Paid							(32,000,000)
Contributions from noncontrolling interest holders							4,000,000
Cash dividends per share of common stock	$ 2.790
Balance at end of period at Sep. 30, 2021	$ 18,114,000,000	$ 958,000,000	7,612,000,000	$ (29,614,000,000)	42,079,000,000	(3,193,000,000)	272,000,000
Common Stock, Shares, Issued, Ending Balance at Sep. 30, 2021	957,600,000	957,600,000
Balance at beginning of period at Jun. 30, 2021			7,566,000,000	(28,978,000,000)	41,467,000,000	(3,075,000,000)	264,000,000
Issued for employee savings and option plans			(10,000,000)	$ 14,000,000
Stock Issued During Period Shares For Employee Savings And Option Plans				900,000
Stock-based compensation expense			56,000,000
Treasury Stock, Shares beginning balance at Jun. 30, 2021				(267,200,000)
Reacquired stock or repurchases of common stock				$ (650,000,000)
Reacquired stock or repurchases of common stock, shares				(2,900,000)
Treasury Stock, Shares ending balance at Sep. 30, 2021				(269,200,000)
Net income attributable to Honeywell	$ 1,257,000,000				1,257,000,000
Acquisitions, divestitures, and other							0
Dividends on common stock					(645,000,000)
Foreign exchange translation adjustment	(93,000,000)					(92,000,000)	(1,000,000)
Pension and other postretirement benefit adjustments	(22,000,000)					(22,000,000)
Changes in fair value of available for sale investments						0
Changes in fair value of cash flow hedges	(4,000,000)					(4,000,000)
Net Income attributable to noncontrolling interest	$ 16,000,000						16,000,000
Dividends Paid							(7,000,000)
Contributions from noncontrolling interest holders							0
Cash dividends per share of common stock	$ 0.930
Balance at end of period at Sep. 30, 2021	$ 18,114,000,000	$ 958,000,000	$ 7,612,000,000	$ (29,614,000,000)	$ 42,079,000,000	$ (3,193,000,000)	$ 272,000,000
Common Stock, Shares, Issued, Ending Balance at Sep. 30, 2021	957,600,000	957,600,000
Shares outstanding	688,400,000

COMMITMENTS AND CONTINGENCIES 9 (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2021 USD ($) shares	Sep. 30, 2020 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2020 USD ($)
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Cash Received By Honeywell	$ 375,000,000	$ 0
Short-term Investments	1,049,000,000			$ 945,000,000
Investments and long-term receivables	1,243,000,000			$ 685,000,000
Series B Preferred Stock [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Short-term Investments	$ 242,000,000
Mandatory Redemption Discount Rate	0.0725
Common Class A [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Investment Owned, Balance, Shares \| shares	2,900
Series B Preferred Stock, Series A Preferred Stock and Common Stock investments in Garrett [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Investments and long-term receivables	$ 405,000,000
The Confirmed Plan [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Garrett Minimum EBITDA	$ 425,000,000
The Confirmed Plan [Member] \| Series B Preferred Stock [Member] \| Forecast [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Long-term investment			$ 400,000,000
The Confirmed Plan [Member] \| Series A Preferred Stock [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Investment Owned, Balance, Shares \| shares	4,200
The Confirmed Plan [Member] \| 2022 [Member] \| Series B Preferred Stock [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Preferred Stock, Redemption Amount	$ 35,000,000
The Confirmed Plan [Member] \| 2023 to 2030 [Member] \| Series B Preferred Stock [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Preferred Stock, Redemption Amount	100,000,000
The Confirmed Plan [Member] \| Garrett Indemnity and Tax Matters Agreement [Member] \| Initial Payment [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Cash Received By Honeywell	$ 375,000,000
The Confirmed Plan [Member] \| Garrett Indemnity and Tax Matters Agreement [Member] \| Initial Payment [Member] \| Series B Preferred Stock [Member]
Garrett Litigation and Bankruptcy Proceedings [Line Items]
Investment Owned, Balance, Shares \| shares	834,800

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 1,273,000,000	$ 781,000,000	$ 4,168,000,000	$ 3,486,000,000
Other comprehensive income (loss), net of tax
Foreign exchange translation adjustment	(93,000,000)	(82,000,000)	250,000,000	(237,000,000)
Actuarial (gains) losses recognized during year	(1,000,000)	0	(1,000,000)	0
Prior service (credit) cost recognized	(21,000,000)	(20,000,000)	(64,000,000)	(60,000,000)
Pension and other postretirement benefit adjustments	(22,000,000)	(20,000,000)	(65,000,000)	(60,000,000)
Changes in fair value of available for sale investments	0	0	(3,000,000)	0
Cash flow hedges recognized in other comprehensive income (loss)	1,000,000	(54,000,000)	16,000,000	50,000,000
Less: Reclassification adjustment for gains (losses) included in net income	5,000,000	(30,000,000)	14,000,000	(8,000,000)
Changes in fair value of cash flow hedges	(4,000,000)	(24,000,000)	2,000,000	58,000,000
Other comprehensive income (loss), net of tax	(119,000,000)	(126,000,000)	184,000,000	(239,000,000)
Comprehensive income	1,154,000,000	655,000,000	4,352,000,000	3,247,000,000
Less: Comprehensive income attributable to the noncontrolling interest	15,000,000	29,000,000	54,000,000	68,000,000
Comprehensive income attributable to Honeywell	$ 1,139,000,000	$ 626,000,000	$ 4,298,000,000	$ 3,179,000,000

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Earnings Per Share


	Three Months Ended September 30,				Nine Months Ended September 30,
Basic	2021		2020		2021		2020
Net income attributable to Honeywell	$	1,257	$	758	$	4,114	$	3,420
Weighted average shares outstanding	690.6		702.6		693.6		704.8
Earnings per share of common stock - basic	$	1.82	$	1.08	$	5.93	$	4.85


	Three Months Ended September 30,				Nine Months Ended September 30,
Assuming Dilution	2021		2020		2021		2020
Net income attributable to Honeywell	$	1,257	$	758	$	4,114	$	3,420
Average Shares
Weighted average shares outstanding	690.6		702.6		693.6		704.8
Dilutive securities issuable - stock plans	8.3		7.0		8.4		6.8
Total weighted average diluted shares outstanding	698.9		709.6		702.0		711.6
Earnings per share of common stock - assuming dilution	$	1.80	$	1.07	$	5.86	$	4.81

The diluted earnings per share calculations exclude the effect of stock options when the options’ exercise price exceed the average market price of the common shares during the period. For the three and nine months ended September 30, 2021, the weighted average number of stock options excluded from the computations were 1.9 million and 1.6 million, respectively. These stock options were outstanding at the end of each of the respective periods. For the three and nine months ended September 30, 2020, the weighted average number of stock options excluded from the computations were 7.1 million and 6.4 million, respectively.

As of September 30, 2021 and 2020, total shares outstanding were 688.4 million and 701.7 million, respectively, and as of September 30, 2021 and 2020, total shares issued were 957.6 million.

LONG-TERM DEBT AND CREDIT AGREEMENTS

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Long-term Debt


	September 30, 2021		December 31, 2020

4.25% notes due 2021	$	—	$	800
1.85% notes due 2021	1,500		1,500
0.483% notes due 2022	500		2,500
2.15% notes due 2022	600		600
Floating rate notes due 2022	600		1,100
1.30% Euro notes due 2023	1,450		1,534
3.35% notes due 2023	300		300
0.00% Euro notes due 2024	580		614
2.30% notes due 2024	750		750
1.35% notes due 2025	1,250		1,250
2.50% notes due 2026	1,500		1,500
1.10% notes due 2027	1,000		—
2.25% Euro notes due 2028	870		920
2.70% notes due 2029	750		750
1.95% notes due 2030	1,000		1,000
1.75% notes due 2031	1,500		—
0.75% Euro notes due 2032	580		614
5.70% notes due 2036	441		441
5.70% notes due 2037	462		462
5.375% notes due 2041	417		417
3.812% notes due 2047	445		445
2.80% notes due 2050	750		750
Industrial development bond obligations, floating rate maturing at various dates through 2037	22		22
6.625% debentures due 2028	201		201
9.065% debentures due 2033	51		51
Other (including capitalized leases and debt issuance costs), 8.0% weighted average interest rate maturing at various dates through 2026	171		266
	17,690		18,787
Less-current portion	(3,344)		(2,445)
	$	14,346	$	16,342

On August 16, 2021 the Company issued $1.0 billion 1.10% Senior Notes due 2027 and $1.5 billion 1.75% Senior Notes due 2031 (collectively, the Notes). The Company may redeem the Notes at any time, and from time to time, in whole or in part, at the Company's option at the applicable make-whole redemption price. The Notes are senior unsecured and unsubordinated obligations of the Company and rank equally with each other and with all of the Company's existing and future senior unsecured debt and senior to all of the Company's subordinated debt. The offering provided gross proceeds of $2.5 billion, offset by $18.0 million in discount and closing costs related to the offering. The Company used the proceeds of the offering to redeem at par $2 billion of the $2.5 billion in outstanding principal amount of our callable 0.483% Senior Notes due 2022 and to redeem in full and at par $500 million callable Floating rate Senior Notes due 2022 that the Company issued in August 2020.

On March 31, 2021, the Company entered into a $4.0 billion Amended and Restated Five Year Credit Agreement (the 5-Year Credit Agreement) and a $1.5 billion 364-Day Credit Agreement (the 364-Day Credit Agreement). The 5-Year Credit Agreement amended and restated the previously reported $4.0 billion amended and restated five-year credit agreement dated as of April 26, 2019. Commitments under the 5-Year Credit Agreement can be increased pursuant to the terms of the 5-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of April 10, 2020, which was terminated in accordance with its terms effective March 31, 2021. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 30, 2022, unless (i) Honeywell elects to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on March 30, 2023, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 5-Year Credit Agreement and the 364-Day Credit Agreement are maintained for general corporate purposes.

On March 1, 2021, the Company repaid its 4.25% notes due 2021.

As of September 30, 2021, there were no outstanding borrowings under the 5-Year Credit Agreement or the 364-Day Credit Agreement.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 470
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+ Details

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Consolidated Statement of Operations
Net Sales	$ 8,473	$ 7,797	$ 25,735	$ 23,737
Costs, expenses and other
Cost of products and services sold	5,746	5,383	17,458	16,193
Selling, general and administrative expenses	1,152	1,103	3,595	3,524
Other (income) expense	(215)	62	(1,023)	(546)
Interest and other financial charges	90	101	263	264
Cost, operating and non-operating expenses	6,773	6,649	20,293	19,435
Income before taxes	1,700	1,148	5,442	4,302
Tax expense (benefit)	427	367	1,274	816
Net income	1,273	781	4,168	3,486
Less: Net income attributable to the noncontrolling interest	16	23	54	66
Net income attributable to Honeywell	$ 1,257	$ 758	$ 4,114	$ 3,420
Earnings per share of common stock - basic (in dollars per share)	$ 1.82	$ 1.08	$ 5.93	$ 4.85
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 1.80	$ 1.07	$ 5.86	$ 4.81
Products [Member]
Consolidated Statement of Operations
Net Sales	$ 6,233	$ 5,885	$ 19,281	$ 17,933
Costs, expenses and other
Cost of products and services sold	4,463	4,315	13,748	12,852
Services [Member]
Consolidated Statement of Operations
Net Sales	2,240	1,912	6,454	5,804
Costs, expenses and other
Cost of products and services sold	$ 1,283	$ 1,068	$ 3,710	$ 3,341

PENSION BENEFITS (Details) - USD ($)	3 Months Ended		9 Months Ended
PENSION BENEFITS (Details) - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
United States, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 26,000,000	$ 25,000,000	$ 79,000,000	$ 74,000,000
Interest cost	77,000,000	116,000,000	230,000,000	346,000,000
Expected return on plan assets	(305,000,000)	(284,000,000)	(915,000,000)	(851,000,000)
Amortization of prior service (credit)	(11,000,000)	(11,000,000)	(33,000,000)	(32,000,000)
Net periodic benefit (income)	(213,000,000)	(154,000,000)	(639,000,000)	(463,000,000)
Non-US, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	7,000,000	6,000,000	20,000,000	17,000,000
Interest cost	18,000,000	26,000,000	58,000,000	78,000,000
Expected return on plan assets	(87,000,000)	(84,000,000)	(263,000,000)	(249,000,000)
Amortization of prior service (credit)	0	0	0	0
Net periodic benefit (income)	$ (62,000,000)	$ (52,000,000)	$ (185,000,000)	$ (154,000,000)

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 1,296	$ 1,079
Work in process	848	798
Finished products	2,823	2,612
Inventories	$ 4,967	$ 4,489

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS 3 (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Revenue	$ 8,473,000,000	$ 7,797,000,000	$ 25,735,000,000	$ 23,737,000,000
Cost of products and services sold	5,746,000,000	5,383,000,000	17,458,000,000	16,193,000,000
SG&A	1,152,000,000	1,103,000,000	3,595,000,000	3,524,000,000
Other (income) expense	(215,000,000)	62,000,000	(1,023,000,000)	(546,000,000)
Interest and other financial charges	90,000,000	101,000,000	263,000,000	264,000,000
Foreign currency exchange contracts [Member] \| Revenue [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivates not designated as hedging instruments	0	0	0	0
Foreign currency exchange contracts [Member] \| Cost of Products and services sold [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivates not designated as hedging instruments	0	0	0	0
Foreign currency exchange contracts [Member] \| SG&A [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivates not designated as hedging instruments	0	0	0	0
Foreign currency exchange contracts [Member] \| Other (income) Expense [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivates not designated as hedging instruments	103,000,000	(136,000,000)	92,000,000	(69,000,000)
Foreign currency exchange contracts [Member] \| Interest and Other Financial Charges [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivates not designated as hedging instruments	0	0	0	0
Designated as Hedging Instrument [Member] \| Foreign currency exchange contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss)	6,000,000	(28,000,000)	18,000,000	(46,000,000)
Designated as Hedging Instrument [Member] \| Gain or (loss) on cash flow hedges [Member] \| Foreign currency exchange contracts [Member] \| Revenue [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	2,000,000	(1,000,000)	4,000,000	(2,000,000)
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		0		0
Designated as Hedging Instrument [Member] \| Gain or (loss) on cash flow hedges [Member] \| Foreign currency exchange contracts [Member] \| Cost of Products and services sold [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	3,000,000	(1,000,000)	7,000,000	29,000,000
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		4,000,000		12,000,000
Designated as Hedging Instrument [Member] \| Gain or (loss) on cash flow hedges [Member] \| Foreign currency exchange contracts [Member] \| SG&A [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	3,000,000	(1,000,000)	7,000,000	(4,000,000)
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		0		0
Designated as Hedging Instrument [Member] \| Gain or (loss) on cash flow hedges [Member] \| Foreign currency exchange contracts [Member] \| Other (income) Expense [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	0	(35,000,000)	0	(37,000,000)
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		8,000,000		25,000,000
Designated as Hedging Instrument [Member] \| Gain or (loss) on cash flow hedges [Member] \| Foreign currency exchange contracts [Member] \| Interest and Other Financial Charges [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	0	0	0	0
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		0		0
Designated as Hedging Instrument [Member] \| Gain or (loss) on fair value hedges \| Interest Rate Swap [Member] \| Revenue [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Designated as Hedging Instrument [Member] \| Gain or (loss) on fair value hedges \| Interest Rate Swap [Member] \| Cost of Products and services sold [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Designated as Hedging Instrument [Member] \| Gain or (loss) on fair value hedges \| Interest Rate Swap [Member] \| SG&A [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Designated as Hedging Instrument [Member] \| Gain or (loss) on fair value hedges \| Interest Rate Swap [Member] \| Other (income) Expense [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Designated as Hedging Instrument [Member] \| Gain or (loss) on fair value hedges \| Interest Rate Swap [Member] \| Interest and Other Financial Charges [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	14,000,000	13,000,000	94,000,000	(206,000,000)
Derivatives designated as hedges	(14,000,000)	(13,000,000)	(94,000,000)	206,000,000
Designated as Hedging Instrument [Member] \| Net Investment Hedging [Member] \| Foreign currency exchange contracts [Member] \| Revenue [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Designated as Hedging Instrument [Member] \| Net Investment Hedging [Member] \| Foreign currency exchange contracts [Member] \| Cost of Products and services sold [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Designated as Hedging Instrument [Member] \| Net Investment Hedging [Member] \| Foreign currency exchange contracts [Member] \| SG&A [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Designated as Hedging Instrument [Member] \| Net Investment Hedging [Member] \| Foreign currency exchange contracts [Member] \| Other (income) Expense [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Designated as Hedging Instrument [Member] \| Net Investment Hedging [Member] \| Foreign currency exchange contracts [Member] \| Interest and Other Financial Charges [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	4,000,000	4,000,000	12,000,000	13,000,000
Designated as Hedging Instrument [Member] \| Euro denominated long-term debt [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss)	67,000,000	(126,000,000)	202,000,000	(64,000,000)
Designated as Hedging Instrument [Member] \| Net Investment Euro Denominated Commercial Paper [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss)	13,000,000	(25,000,000)	40,000,000	30,000,000
Designated as Hedging Instrument [Member] \| Net Investment Cross Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss)	25,000,000	(42,000,000)	53,000,000	(61,000,000)
Products [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Revenue	6,233,000,000	5,885,000,000	19,281,000,000	17,933,000,000
Cost of products and services sold	$ 4,463,000,000	$ 4,315,000,000	$ 13,748,000,000	$ 12,852,000,000

REPOSITIONING AND OTHER CHARGES 3 (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	$ 96	$ 144	$ 338	$ 486
Corporate
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	48	33	126	77
Aerospace
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	(2)	33	55	151
Honeywell Building Technologies
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	5	29	9	87
Performance Materials and Technologies
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	5	34	12	139
Safety and Productivity Solutions
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	$ 40	$ 15	$ 136	$ 32

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	The effective tax rate was higher than the U.S. federal statutory rate of 21% and increased during 2021 compared to 2020 primarily due to an expense related to UOP matters with no corresponding tax benefit, incremental tax reserves and state taxes, partially offset by increased tax benefits for employee share-based compensation and the favorable resolution of certain foreign tax matters in the current year, the absence of prior year items including a non-cash charge related to the reduction of the aggregate carrying value of certain receivables with no corresponding tax benefit, tax benefits realized as a result of the favorable resolution of a foreign tax matter related to the spin-off transactions, tax law changes in India and the resolution of certain U.S. tax matters.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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+ Details

ACQUISITIONS AND DIVESTITURES	9 Months Ended
ACQUISITIONS AND DIVESTITURES	Sep. 30, 2021
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	On February 12, 2021, the Company acquired 100% of the shares outstanding of Sparta Systems, a leading provider of enterprise quality management software for the life sciences industry, for $1,303 million. Sparta Systems is expected to further strengthen the Company's leadership in industrial automation, digital transformation solutions, and enterprise performance management software. The business is included within the Performance Materials and Technologies segment. The assets and liabilities acquired with Sparta Systems are included in the Consolidated Balance Sheet as of September 30, 2021, including $383 million of intangible assets and $1,029 million allocated to goodwill, which is non-deductible for tax purposes. The purchase accounting is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, tax balances, and certain pre-acquisition contingencies. On March 15, 2021, the Company completed the sale of its retail footwear business in exchange for gross cash consideration of $230 million. The Company recognized a pre-tax gain of $95 million for the nine months ended September 30, 2021, which was recorded in Other (income) expense. The retail footwear business was previously included in the Safety and Productivity Solutions segment.

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

ENVIRONMENTAL MATTERS

Our environmental matters are described in Note 20 Commitments and Contingencies of Notes to Consolidated Financial Statements in our 2020 Annual Report on Form 10-K.

The following table summarizes information concerning our recorded liabilities for environmental costs:


Balance at December 31, 2020	$	660
Accruals for environmental matters deemed probable and reasonably estimable	126
Environmental liability payments	(147)

Balance at September 30, 2021	$	639

Environmental liabilities are included in the following balance sheet accounts:


	September 30, 2021		December 31, 2020
Accrued liabilities	$	225	$	225
Other liabilities	414		435
	$	639	$	660

The Company does not currently possess sufficient information to reasonably estimate the amounts of environmental liabilities to be recorded upon future completion of studies, litigation or settlements, and neither the timing nor the amount of the ultimate costs associated with environmental matters can be determined although they could be material to our consolidated results of operations and operating cash flows in the periods recognized or paid. However, considering our past experience and existing reserves, the Company does not expect that environmental matters will have a material adverse effect on its consolidated financial position.

In conjunction with the Resideo Technologies, Inc. (Resideo) spin-off, the Company entered into an indemnification and reimbursement agreement with a Resideo subsidiary, pursuant to which Resideo’s subsidiary has an ongoing obligation to make cash payments to Honeywell in amounts equal to 90% of Honeywell’s annual net spending for environmental matters at certain sites as defined in the agreement. The amount payable to Honeywell in any given year is subject to a cap of $140 million, and the obligation will continue until the earlier of December 31, 2043, or December 31, of the third consecutive year during which the annual payment obligation is less than $25 million.

Reimbursements associated with this agreement are collected from Resideo quarterly and were $35 million and $105 million in the three and nine months ended September 30, 2021, respectively, and offset operating cash outflows incurred by the Company. As the Company incurs costs for environmental matters deemed probable and reasonably estimable related to the sites covered by the indemnification and reimbursement agreement, a corresponding receivable from Resideo for 90% of such costs is also recorded. This receivable amount recorded in the nine months ended September 30, 2021, was $111 million. As of September 30, 2021, Other current assets and Other assets included $140 million and $457 million, respectively, for the short-term and long-term portion of the receivable amount due from Resideo under the indemnification and reimbursement agreement.

ASBESTOS MATTERS

Honeywell is named in asbestos-related personal injury claims related to North American Refractories Company (NARCO), which was sold in 1986, and the Bendix Friction Materials (Bendix) business, which was sold in 2014.

The following tables summarize information concerning NARCO and Bendix asbestos-related balances:

ASBESTOS-RELATED LIABILITIES


	Bendix		NARCO		Total
December 31, 2020	$	1,441	$	779	$	2,220
Accrual for update to estimated liability	40		19		59
Asbestos-related liability payments	(107)		(107)		(214)
September 30, 2021	$	1,374	$	691	$	2,065

INSURANCE RECOVERIES FOR ASBESTOS-RELATED LIABILITIES


	Bendix		NARCO		Total
December 31, 2020	$	148	$	254	$	402
Probable insurance recoveries related to estimated liability	—		—		—
Insurance receipts for asbestos-related liabilities	(10)		(27)		(37)
Insurance receivables settlements	—		—		—
September 30, 2021	$	138	$	227	$	365

NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts:


	September 30, 2021		December 31, 2020
Other current assets	$	35	$	36
Insurance recoveries for asbestos-related liabilities	330		366
	$	365	$	402
Accrued liabilities	$	300	$	300
Asbestos-related liabilities	1,765		1,920
	$	2,065	$	2,220

NARCO Products – NARCO manufactured high-grade, heat-resistant, refractory products for various industries. Honeywell’s predecessor, Allied Corporation, owned NARCO from 1979 to 1986. Allied Corporation sold the NARCO business in 1986 and entered into a cross-indemnity agreement which included an obligation to indemnify the purchaser for asbestos claims, arising primarily from alleged occupational exposure to asbestos-containing refractory brick and mortar for high-temperature applications. NARCO ceased manufacturing these products in 1980 and filed for bankruptcy in January 2002, at which point in time all then current and future NARCO asbestos claims were stayed against both NARCO and Honeywell pending the reorganization of NARCO. The Company established its initial liability for NARCO asbestos claims in 2002.

NARCO emerged from bankruptcy in April 2013, at which time a federally authorized 524(g) trust was established to evaluate and resolve all existing NARCO asbestos claims (the Trust). Both Honeywell and NARCO are protected by a permanent channeling injunction barring all present and future individual actions in state or federal courts and requiring all asbestos-related claims based on exposure to NARCO asbestos-containing products to be made against the Trust. The NARCO Trust Agreement (TA) and the NARCO Trust Distribution Procedures (TDP) set forth the structure and operating rules of the Trust, and established Honeywell’s evergreen funding obligations.

In accordance with the TA, the Trust is eligible to receive cash dividends from Harbison-Walker International Inc. (HWI), the reorganized and renamed entity that emerged from the NARCO bankruptcy. HWI cash dividends are required to be used to pay asbestos-related claims which qualify for payment under the TDP (Annual Contribution Claims) until those funds are exhausted, at which point Honeywell’s funding obligation, subject to an annual cap of $145 million, is triggered. The Company is also required to fund amounts owed pursuant to settlement agreements reached during the pendency of the NARCO bankruptcy proceedings that provide for the right to submit claims to the Trust subject to qualification under the terms of the settlement agreements and TDP (Pre-Established Unliquidated Claims), as well as fund the annual operating costs of the Trust. There is no annual funding cap relative to Pre-Established Unliquidated Claims. In July 2021, HWI paid a dividend of $47 million to the Trust.

The operating rules per the TDP defines criteria claimants must meet for a claim to be considered valid and paid, which include adequate medical evidence of the claimant’s asbestos-related condition and credible evidence of exposure to a specific NARCO asbestos-containing product. The TDP allows Honeywell to audit claim support documents against these criteria. Once operational in 2014, the Trust began to receive, process and pay claims. The Company identified several issues with the way the Trust was adhering to the TDP in audits subsequent to the Trust becoming operational. The Company continued to identify and dispute these matters as further claims have been and are processed. In September 2021, Honeywell filed suit against the Trust in Bankruptcy Court alleging, among other claims, breach of certain provisions of the TA and TDP. The Trust also filed suit against Honeywell, alleging Honeywell has breached its obligations under the Trust's governing documents. At this time, we cannot predict the outcome of these matters.

Due to the bankruptcy filing in 2002, claimants were not permitted to file additional claims until the Trust became operative in 2014. As a consequence, there was a large backlog of claims filed with the Trust upon it becoming operative in 2014 through December 31, 2017, the date by which these claims had to be filed or else be barred by the expiration of the statute of limitations. Therefore, the claims filing rate did not start to normalize until 2018 and thereafter. As a result, between 2002 and 2018, the Company lacked a history of sufficiently reliable claims data to derive a reasonable estimate of its NARCO asbestos-related liability, and the Company continued to update its original estimate, as appropriate, using all available information.

In 2020, with three years of sufficiently reliable claims data, the Company updated its estimate of the NARCO asbestos-related liability utilizing claims data from January 1, 2018 through December 31, 2020. The Company utilizes an asbestos liability valuation specialist to support our preparation of the NARCO asbestos-related liability estimates. Our estimates, which involve significant management judgment, consider multiple scenarios, including a scenario adjusting for the impact of the COVID-19 pandemic on the Trust's ability to process claims during 2020. The estimate for the resolution of asserted Annual Contribution Claims and Pre-Established Unliquidated Claims uses average payment values for the relevant historical period. For unasserted claims, the estimate is based on historic and anticipated claims filing experience and payment rates, disease classifications and type of claim, and average payment values by the Trust for the relevant historical period. The Company's estimate also includes all years of epidemiological disease projection through 2059.

The NARCO asbestos-related liability reflects an estimate for the resolution of Annual Contribution Claims and Pre-Established Unliquidated Claims filed with the Trust, as well as for unasserted Annual Contribution Claims and Pre-Established Unliquidated Claims. The NARCO asbestos-related liability excludes the annual operating expenses of the Trust which are expensed as they are incurred.

The Company's NARCO-related insurance receivable reflects coverage which reimburses Honeywell for portions of NARCO-related claims and defense costs. This coverage is provided by a large number of insurance policies written by dozens of insurance companies in both the domestic insurance market and the London excess market. Honeywell's NARCO-related insurance receivable is an estimate of the probable amount of insurance that is recoverable for asbestos claims. Most of our insurance carriers remain solvent. However, select individual insurance carriers are now insolvent, which we have considered in our analysis of probable recoveries. Our judgments related to our insurance carriers and insurance coverages are reasonable and consistent with Honeywell's historical dealings and Honeywell's knowledge of any pertinent solvency issues surrounding insurers.

Bendix Products – Bendix manufactured automotive brake linings that contained chrysotile asbestos in an encapsulated form. Claimants consist largely of individuals who allege exposure to asbestos from brakes from either performing or being in the vicinity of individuals who performed brake replacements. The following tables present information regarding Bendix-related asbestos claims activity:


	Nine Months Ended September 30,	Years Ended December 31,
Claims Activity	2021	2020	2019
Claims unresolved at the beginning of period	6,242	6,480	6,209
Claims filed	1,883	2,233	2,659
Claims resolved	(1,465)	(2,471)	(2,388)
Claims unresolved at the end of period	6,660	6,242	6,480


	September 30,	December 31,
Disease Distribution of Unresolved Claims	2021	2020	2019
Mesothelioma and other cancer claims	3,968	3,422	3,399
Nonmalignant claims	2,692	2,820	3,081
Total claims	6,660	6,242	6,480

Honeywell has experienced average resolution values per claim excluding legal costs as follows:


	Years Ended December 31,
	2020		2019		2018		2017		2016
	(in whole dollars)
Malignant claims	$	61,500	$	50,200	$	55,300	$	56,000	$	44,000
Nonmalignant claims	$	550	$	3,900	$	4,700	$	2,800	$	4,485

It is not possible to predict whether resolution values for Bendix-related asbestos claims will increase, decrease or stabilize in the future.

The Consolidated Financial Statements reflect an estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims, which exclude the Company’s ongoing legal fees to defend such asbestos claims which will continue to be expensed as they are incurred.

The Company reflects the inclusion of all years of epidemiological disease projection through 2059 when estimating the liability for unasserted Bendix-related asbestos claims. Such liability for unasserted Bendix-related asbestos claims is based on historic and anticipated claims filing experience and dismissal rates, disease classifications, and resolution values in the tort system for the previous five years. The Company has valued Bendix asserted and unasserted claims using average resolution values for the previous five years. The Company updates the resolution values used to estimate the cost of Bendix asserted and unasserted claims during the fourth quarter each year.

The Company's insurance receivable corresponding to the liability for settlement of asserted and unasserted Bendix asbestos claims reflects coverage which is provided by a large number of insurance policies written by dozens of insurance companies in both the domestic insurance market and the London excess market. Based on our ongoing analysis of the probable insurance recovery, insurance receivables are recorded in the financial statements simultaneous with the recording of the estimated liability for the underlying asbestos claims. This determination is based on our analysis of the underlying insurance policies, our historical experience with our insurers, our ongoing review of the solvency of our insurers, judicial determinations relevant to our insurance programs, and our consideration of the impacts of any settlements reached with our insurers.

On October 31, 2018, David Kanefsky, a Honeywell shareholder, filed a putative class action complaint in the U.S. District Court for the District of New Jersey alleging violations of the Securities Exchange Act of 1934 and Rule 10b-5 related to the prior accounting for Bendix asbestos claims. An Amended Complaint was filed on December 30, 2019, and on February 7, 2020, we filed a Motion to Dismiss. On May 18, 2020, the court denied our Motion to Dismiss. We believe the claims have no merit.

GARRETT LITIGATION AND BANKRUPTCY PROCEEDINGS

In conjunction with the Garrett spin-off, the Company entered into a binding indemnification and reimbursement agreement (Garrett Indemnity) and a binding tax matters agreement (Tax Matters Agreement) with Garrett and a Garrett subsidiary. On December 2, 2019, Garrett and Garrett ASASCO Inc. filed a Summons with Notice and commenced a lawsuit in the Commercial Division of the Supreme Court of the State of New York, County of New York (the State Court), seeking to invalidate the Garrett Indemnity. Garrett sought damages and a declaratory judgment based on various claims set forth in the Summons with Notice. On July 17, 2020, the Company received a notice from Garrett asserting that the Company had caused material breaches of the Tax Matters Agreement and that the Tax Matters Agreement was unenforceable.

On September 20, 2020, Garrett and 36 of its affiliates filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York (the Bankruptcy Court). On September 24, 2020, Garrett moved the existing State Court litigation against Honeywell to the Bankruptcy Court. On April 26, 2021, the Bankruptcy Court confirmed Garrett’s amended Chapter 11 plan of reorganization (the Confirmed Plan), and on April 30, 2021 (the Effective Date), Garrett emerged from bankruptcy. On the Effective Date, and in accordance with the Confirmed Plan, (i) the Company received from Garrett an initial payment of $375 million and 834.8 million shares of Garrett's Series B Preferred Stock in full and final satisfaction of the Garrett Indemnity and Tax Matters Agreement, (ii) the Garrett Indemnity and Tax Matters Agreement were terminated, (iii) the Company and Garrett mutually released each other from the claims asserted in all pending legal actions related to the Garrett Indemnity and Tax Matters Agreement, and (iv) all pending litigation between the Company and Garrett in connection with those agreements was resolved.

The Series B Preferred Stock Certificate of Designation provides for mandatory redemptions by Garrett of $35 million in 2022 and $100 million per year from 2023 to 2030 (inclusive) at the anniversary of the Effective Date, unless (i) Garrett’s consolidated EBITDA as of the end of the most recently completed fiscal year is less than $425 million, or (ii) Garrett does not have sufficient funds available to pay the redemption, at which point the redemption amounts past due will accrue interest. The Series B Preferred Stock Certificate of Designation also includes rights which allow (a) the Company to put the Series B Preferred Stock to Garrett if certain EBITDA conditions are met, and (b) Garrett to call the Series B Preferred Stock in whole or in part if certain EBITDA conditions are met.

On September 30, 2021, Garrett filed an Amended and Restated Series B Preferred Stock Certificate of Designation with the Secretary of State of Delaware. The Amended and Restated Series B Preferred Stock Certificate of Designation requires Garrett to partially redeem a portion of the Series B Preferred Stock on or before March 31, 2022, such that the present value of remaining outstanding shares of the Series B Preferred Stock will be $400 million, subject to applicable law, including that Garrett has funds legally available for the partial redemption. Such redemption would be applied to the latest scheduled redemption dates, beginning with the shares to be redeemed in 2030. The Amended and Restated Series B Preferred Stock Certificate of Designation also provides that the Company cannot exercise its right to put the Series B Preferred Stock to Garrett until after December 31, 2022, subject to the EBITDA conditions described in the above section, unless the partial redemption does not occur on or before March 31, 2022. All other material terms and conditions in the Amended and Restated Series B Preferred Stock Certificate of Designation are unchanged from the original Series B Preferred Stock Certificate of Designation, including the scheduled redemption payment by Garrett of $35 million due April 30, 2022.

We recorded the Series B Preferred Stock at fair value at the Effective Date. We believe the present value of the mandatory redemptions is an appropriate basis for determining the fair value of the Series B Preferred Stock. Our present value reflects amortized cost determined by the present value of the mandatory redemptions discounted at 7.25%, which is the rate reflected in the Series B Preferred Stock Certificate of Designation. The discount amount will accrete into interest income over the mandatory redemption period. In addition to the Series B Preferred Stock, the Company subscribed for 4.2 million shares of Garrett's Series A Preferred Stock, which are convertible into Garrett’s Common Stock if certain conditions are met. Prior to and following Garrett’s emergence from bankruptcy, the Company also held 2.9 million shares of Garrett’s Common Stock. As of September 30, 2021, Short-term investments included $242 million and Investments and long-term receivables included $405 million for the Company's investments in Garrett's Series B Preferred Stock, Series A Preferred Stock and Common Stock.

The Garrett matter and bankruptcy proceedings are described in further detail in Note 20 Commitments and Contingencies of Notes to Consolidated Financial Statements in our 2020 Annual Report on Form 10-K.

OTHER MATTERS

The Company is subject to a number of other lawsuits, investigations and disputes (some of which involve substantial amounts claimed) arising out of the conduct of our business, including matters relating to commercial transactions, government contracts, product liability, prior acquisitions and divestitures, employee benefit plans, intellectual property, and environmental, health and safety matters (including the matter described below). We recognize a liability for any contingency that is probable of occurrence and reasonably estimable. We continually assess the likelihood of adverse judgments or outcomes in such matters, as well as potential ranges of possible losses (taking into consideration any insurance recoveries), based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts.

Such matters include:

•Petrobras and Unaoil – We continue to cooperate with investigations by the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC) and the Brazilian authorities relating to our use of third parties who previously worked for our UOP business in Brazil in relation to Petróleo Brasileiro S.A. (Petrobras) in connection with a project awarded in 2010. The investigations focus on compliance with the U.S. Foreign Corrupt Practices Act and similar Brazilian laws (the UOP Matters), and involve, among other things, document production and interviews with former and current management and employees. The DOJ and the SEC are also examining a matter involving a foreign subsidiary’s prior contract with Unaoil S.A.M. in Algeria executed in 2011. We continue to be engaged in discussions with the authorities with respect to a potential comprehensive resolution of these matters.

As the discussions are both ongoing and at different stages with regards to each respective authority, there can be no assurance as to whether we will reach a resolution with such authorities or as to the potential timing, terms, or collateral consequences of any such resolution. As a result, we cannot predict the ultimate outcome of these UOP Matters or the potential impact on the Company. Based on available information to date, we estimate that a potential comprehensive resolution of these UOP Matters would result in a probable loss of at least $160 million, and we have recorded a charge in this amount in our Consolidated Statement of Operations, and have accrued a corresponding liability on the Consolidated Balance Sheet. Amounts payable to authorities pursuant to any potential final comprehensive resolution could differ from the amount recorded in our consolidated financial statements. Based on available information to date, we do not expect that any such difference would be material with respect to our consolidated financial position. Given the uncertainty inherent in litigation and investigations, we do not believe it is possible to develop estimates of reasonably possible losses (or a range of possible losses) in excess of current accruals for such matters. Considering our past experience and existing accruals, we do not expect the outcome of such matters, either individually or in the aggregate, to have a material adverse effect on our consolidated financial position. Because most contingencies are resolved over long periods of time, potential liabilities are subject to change due to new developments, changes in settlement strategy or the impact of evidentiary requirements, which could cause us to pay damage awards or settlements (or become subject to equitable remedies) that could have a material adverse effect on our consolidated results of operations or operating cash flows in the periods recognized or paid.

REPOSITIONING AND OTHER CHARGES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Component of Operating Other Cost and Expense [Abstract]
Total net repositioning charge	$ 72	$ 124	$ 262	$ 449
Asbestos related litigation charges, net of insurance and reimbursements	24	13	68	33
Probable and reasonably estimable environmental liabilities, net of reimbursements	3	6	14	20
Other	(3)	1	(6)	(16)
Total net repositioning and other charges	96	144	338	486
Severance
Component of Operating Other Cost and Expense [Abstract]
Total net repositioning charge	3	113	63	433
Asset impairments
Component of Operating Other Cost and Expense [Abstract]
Total net repositioning charge	20	5	107	11
Exit costs
Component of Operating Other Cost and Expense [Abstract]
Total net repositioning charge	46	17	110	47
Reserve adjustments
Component of Operating Other Cost and Expense [Abstract]
Total net repositioning charge	$ 3	$ (11)	$ (18)	$ (42)

REPOSITIONING AND OTHER CHARGES 4 (Details) $ in Millions	3 Months Ended		9 Months Ended
REPOSITIONING AND OTHER CHARGES 4 (Details) $ in Millions	Sep. 30, 2021 USD ($) Employees	Sep. 30, 2020 USD ($) Employees	Sep. 30, 2021 USD ($) Employees	Sep. 30, 2020 USD ($) Employees
Net Repositioning And Other Charges [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 72	$ 124	$ 262	$ 449
Net repositioning and other charges Paragraph Details [Abstract]
Gross Repositioning Charge	$ 69	$ 135	$ 280	$ 491
Number of employees severed \| Employees	603	3,113	5,252	13,042
Severance
Net Repositioning And Other Charges [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 3	$ 113	$ 63	$ 433
Asset impairments
Net Repositioning And Other Charges [Line Items]
Restructuring and Related Cost, Incurred Cost	20	5	107	11
Exit costs
Net Repositioning And Other Charges [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	30	32	30	32
Restructuring and Related Cost, Incurred Cost	46	17	110	47
Reserve adjustments
Net Repositioning And Other Charges [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 3	$ (11)	$ (18)	$ (42)

OTHER (INCOME) EXPENSE (Details) - USD ($)	3 Months Ended		9 Months Ended
OTHER (INCOME) EXPENSE (Details) - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Other Income and Expenses [Line Items]
Interest Income	$ (28,000,000)	$ (20,000,000)	$ (70,000,000)	$ (86,000,000)
Equity income of affiliated companies	(21,000,000)	(17,000,000)	(53,000,000)	(44,000,000)
Gain Loss on Sale of non-strategic businesses and assets	(5,000,000)	0	(94,000,000)	0
Foreign exchange	4,000,000	(1,000,000)	22,000,000	(16,000,000)
Reimbursement Receivables Charge	0	350,000,000	0	350,000,000
Expense related to UOP Matters	160,000,000	0	160,000,000	0
Other (net)	(1,000,000)	1,000,000	(10,000,000)	1,000,000
Other (Income) Expense, Total	(215,000,000)	62,000,000	(1,023,000,000)	(546,000,000)
Pension Plans, Defined Benefit [Member]
Other Income and Expenses [Line Items]
Ongoing income - non-service	(306,000,000)	(238,000,000)	(925,000,000)	(711,000,000)
Other Postretirement Benefits Plans, Defined Benefit [Member]
Other Income and Expenses [Line Items]
Ongoing income - non-service	$ (18,000,000)	$ (13,000,000)	$ (53,000,000)	$ (40,000,000)

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation [Text Block]	In the opinion of management, the accompanying unaudited Consolidated Financial Statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position, results of operations, cash flows and shareowners' equity of Honeywell International Inc. and its consolidated subsidiaries (Honeywell or the Company) for the periods presented. The interim results of operations and cash flows should not necessarily be taken as indicative of the entire year.Honeywell reports its quarterly financial information using a calendar convention; the first, second and third quarters are consistently reported as ending on March 31, June 30 and September 30. It has been Honeywell's practice to establish actual quarterly closing dates using a predetermined fiscal calendar, which requires Honeywell's businesses to close their books on a Saturday in order to minimize the potentially disruptive effects of quarterly closing on our business processes. The effects of this practice are generally not significant to reported results for any quarter and only exist within a reporting year. In the event that differences in actual closing dates are material to year-over-year comparisons of quarterly or year-to-date results, Honeywell will provide appropriate disclosures. Honeywell's actual closing dates for the three and nine months ended September 30, 2021, and September 30, 2020, were October 2, 2021, and September 26, 2020, respectively.

LEASES (Tables)

9 Months Ended

Sep. 30, 2021

Leases [Abstract]

Lease, Cost [Table Text Block]

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
		2021		2020
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	290	$	155
Finance leases		24		24

Supplemental balance sheet information related to leases was as follows:


	September 30, 2021		December 31, 2020
Operating leases
Other assets	$	936	$	773
Accrued liabilities	188		187
Other liabilities	824		641
Total operating lease liabilities	$	1,012	$	828
Financing leases
Property, plant and equipment	$	335	$	357
Accumulated depreciation	(182)		(180)
Property, plant and equipment - net	$	153	$	177
Current maturities of long-term debt	58		60
Long-term debt	103		124
Total financing lease liabilities	$	161	$	184

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Accrual for Environmental Loss Contingencies [Roll Forward]
Beginning of period	$ 660
Accruals for environmental matters deemed probable and reasonably estimable	126
Environmental liability payments	(147)
End of period	639
Loss Contingency, Classification of Accrual [Abstract]
Accrued liabilities	225	$ 225
Other liabilities	414	435
Total environmental liabilities	$ 639	$ 660

FAIR VALUE MEASUREMENTS 2 (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	$ 17,690,000,000	$ 18,787,000,000
Carrying Value [Member] \| Significant Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Current	242,000,000	0
Long-term receivables	170,000,000	137,000,000
Long-term investment	353,000,000	0
Long-term debt and related current maturities	17,690,000,000	18,787,000,000
Estimated Fair Value [Member] \| Significant Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Current	242,000,000	0
Long-term receivables	155,000,000	132,000,000
Long-term investment	353,000,000	0
Long-term debt and related current maturities	$ 18,888,000,000	$ 20,176,000,000

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT


	Foreign Exchange Translation Adjustment		Pension and Other Postretirement Benefits Adjustments		Changes in Fair Value of Available for Sale Investments		Changes in Fair Value of Cash Flow Hedges		Total
Balance at December 31, 2020	$	(2,780)	$	(601)	$	4	$	—	$	(3,377)
Other comprehensive income (loss) before reclassifications	250		—		(3)		16		263
Amounts reclassified from accumulated other comprehensive income	—		(65)		—		(14)		(79)
Net current period other comprehensive income (loss)	250		(65)		(3)		2		184
Balance at September 30, 2021	$	(2,530)	$	(666)	$	1	$	2	$	(3,193)


	Foreign Exchange Translation Adjustment		Pension and Other Postretirement Benefits Adjustments		Changes in Fair Value of Available for Sale Investments		Changes in Fair Value of Cash Flow Hedges		Total
Balance at December 31, 2019	$	(2,566)	$	(675)	$	—	$	44	$	(3,197)
Other comprehensive income (loss) before reclassifications	(227)		—		—		50		(177)
Amounts reclassified from accumulated other comprehensive income	(10)		(60)		—		8		(62)
Net current period other comprehensive income (loss)	(237)		(60)		—		58		(239)
Balance at September 30, 2020	$	(2,803)	$	(735)	$	—	$	102	$	(3,436)

FAIR VALUE MEASUREMENTS (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Asset	$ 416,000,000	$ 396,000,000
Derivative Fair Value Of Derivative Liability	219,000,000	200,000,000
Fair Value Measurements Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	994,000,000	1,118,000,000
Fair Value Measurements Recurring [Member] \| Series B Preferred Stock, Series A Preferred Stock and Common Stock investments in Garrett [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in equity securities	52,000,000	11,000,000
Foreign currency exchange contracts [Member] \| Fair Value Measurements Recurring [Member] \| Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Asset	303,000,000	202,000,000
Derivative Fair Value Of Derivative Liability	219,000,000	150,000,000
Interest rate swap agreements [Member] \| Fair Value Measurements Recurring [Member] \| Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Asset	100,000,000	194,000,000
Cross currency swap agreements [Member] \| Fair Value Measurements Recurring [Member] \| Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Asset	13,000,000	0
Derivative Fair Value Of Derivative Liability	$ 0	$ 50,000,000

OTHER (INCOME) EXPENSE (Tables)

9 Months Ended

Sep. 30, 2021

Other Income and Expenses [Abstract]

Other (income) expense [Table Text Block]


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Interest income	$	(28)	$	(20)	$	(70)	$	(86)
Pension ongoing income – non-service	(306)		(238)		(925)		(711)
Other postretirement income – non-service	(18)		(13)		(53)		(40)
Equity income of affiliated companies	(21)		(17)		(53)		(44)

(Gain) loss on sale of non-strategic businesses and assets	(5)		—		(94)		—
Foreign exchange	4		(1)		22		(16)
Reimbursement receivables charge	—		350		—		350
Expense related to UOP Matters	160		—		160		—
Other (net)	(1)		1		(10)		1
	$	(215)	$	62	$	(1,023)	$	(546)

COMMITMENTS AND CONTINGENCIES 2 (Details)	9 Months Ended
COMMITMENTS AND CONTINGENCIES 2 (Details)	Sep. 30, 2021 USD ($)
Asbestos Related Liabilities [Member]
Loss Contingency Accrual [Roll Forward]
Asbestos Related Liabilities, Beginning of Period	$ 2,220,000,000
Accrual for update to estimated liability	59,000,000
Asbestos-related liability payments	(214,000,000)
Asbestos Related Liabilities, End of Period	2,065,000,000
Asbestos Related Liabilities Insurance Recoveries [Line Items]
Insurance Recoveries, beginning of period	402,000,000
Probable insurance recoveries related to estimated liability	0
Insurance receipts for asbestos related liabilities	(37,000,000)
Insurance receivables settlements	0
Insurance recoveries, end of period	365,000,000
Bendix Asbestos Loss Contingency Liability [Member]
Loss Contingency Accrual [Roll Forward]
Asbestos Related Liabilities, Beginning of Period	1,441,000,000
Accrual for update to estimated liability	40,000,000
Asbestos-related liability payments	(107,000,000)
Asbestos Related Liabilities, End of Period	1,374,000,000
Asbestos Related Liabilities Insurance Recoveries [Line Items]
Insurance Recoveries, beginning of period	148,000,000
Probable insurance recoveries related to estimated liability	0
Insurance receipts for asbestos related liabilities	(10,000,000)
Insurance receivables settlements	0
Insurance recoveries, end of period	138,000,000
Narco Asbestos Loss Contingency Liability [Member]
Loss Contingency Accrual [Roll Forward]
Asbestos Related Liabilities, Beginning of Period	779,000,000
Accrual for update to estimated liability	19,000,000
Asbestos-related liability payments	(107,000,000)
Asbestos Related Liabilities, End of Period	691,000,000
Asbestos Related Liabilities Insurance Recoveries [Line Items]
Insurance Recoveries, beginning of period	254,000,000
Probable insurance recoveries related to estimated liability	0
Insurance receipts for asbestos related liabilities	(27,000,000)
Insurance receivables settlements	0
Insurance recoveries, end of period	$ 227,000,000

COMMITMENTS AND CONTINGENCIES 7 (Details) - $ / claims	3 Months Ended
COMMITMENTS AND CONTINGENCIES 7 (Details) - $ / claims	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Resolution Values Per Claim [Line Items]
Malignant claims	61,500	50,200	55,300	56,000	44,000
Nonmalignant claims	550	3,900	4,700	2,800	4,485

COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2021

Commitments and Contingencies Disclosure [Abstract]

Loss Contingency

The following table summarizes information concerning our recorded liabilities for environmental costs:


Balance at December 31, 2020	$	660
Accruals for environmental matters deemed probable and reasonably estimable	126
Environmental liability payments	(147)

Balance at September 30, 2021	$	639

Environmental liabilities are included in the following balance sheet accounts:


	September 30, 2021		December 31, 2020
Accrued liabilities	$	225	$	225
Other liabilities	414		435
	$	639	$	660

Asbestos Related Liabilities


	Bendix		NARCO		Total
December 31, 2020	$	1,441	$	779	$	2,220
Accrual for update to estimated liability	40		19		59
Asbestos-related liability payments	(107)		(107)		(214)
September 30, 2021	$	1,374	$	691	$	2,065

Insurance Recoveries for Asbestos Related Liabilities


	Bendix		NARCO		Total
December 31, 2020	$	148	$	254	$	402
Probable insurance recoveries related to estimated liability	—		—		—
Insurance receipts for asbestos-related liabilities	(10)		(27)		(37)
Insurance receivables settlements	—		—		—
September 30, 2021	$	138	$	227	$	365

NARCO and Bendix asbestos related balances are included in the following balance sheet accounts

NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts:


	September 30, 2021		December 31, 2020
Other current assets	$	35	$	36
Insurance recoveries for asbestos-related liabilities	330		366
	$	365	$	402
Accrued liabilities	$	300	$	300
Asbestos-related liabilities	1,765		1,920
	$	2,065	$	2,220

The following tables present information regarding Bendix related asbestos claims activity


	Nine Months Ended September 30,	Years Ended December 31,
Claims Activity	2021	2020	2019
Claims unresolved at the beginning of period	6,242	6,480	6,209
Claims filed	1,883	2,233	2,659
Claims resolved	(1,465)	(2,471)	(2,388)
Claims unresolved at the end of period	6,660	6,242	6,480

Disease distribution of claims


	September 30,	December 31,
Disease Distribution of Unresolved Claims	2021	2020	2019
Mesothelioma and other cancer claims	3,968	3,422	3,399
Nonmalignant claims	2,692	2,820	3,081
Total claims	6,660	6,242	6,480

Average resolution values per asbestos claim

Honeywell has experienced average resolution values per claim excluding legal costs as follows:


	Years Ended December 31,
	2020		2019		2018		2017		2016
	(in whole dollars)
Malignant claims	$	61,500	$	50,200	$	55,300	$	56,000	$	44,000
Nonmalignant claims	$	550	$	3,900	$	4,700	$	2,800	$	4,485

COMMITMENTS AND CONTINGENCIES 10 (Details) - USD ($)	3 Months Ended		9 Months Ended
COMMITMENTS AND CONTINGENCIES 10 (Details) - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Other Matters [Line Items]
Expense related to UOP Matters	$ 160,000,000	$ 0	$ 160,000,000	$ 0
Petrobras [Member]
Other Matters [Line Items]
Expense related to UOP Matters			$ 160,000,000

LEASES 2 (Details) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Assets and Liabilities, Lessee [Abstract]
Other assets	$ 936	$ 773
Accrued liabilities	188	187
Other liabilities	824	641
Total operating lease liabilities	1,012	828
Property, plant and equipment	335	357
Accumulated depreciation	(182)	(180)
Property, plant and equipment - net	153	177
Current maturities of long-term debt	58	60
Long-term debt	103	124
Total finance lease liabilities	$ 161	$ 184

EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Earnings per share basic


	Three Months Ended September 30,				Nine Months Ended September 30,
Basic	2021		2020		2021		2020
Net income attributable to Honeywell	$	1,257	$	758	$	4,114	$	3,420
Weighted average shares outstanding	690.6		702.6		693.6		704.8
Earnings per share of common stock - basic	$	1.82	$	1.08	$	5.93	$	4.85

Earnings per share diluted


	Three Months Ended September 30,				Nine Months Ended September 30,
Assuming Dilution	2021		2020		2021		2020
Net income attributable to Honeywell	$	1,257	$	758	$	4,114	$	3,420
Average Shares
Weighted average shares outstanding	690.6		702.6		693.6		704.8
Dilutive securities issuable - stock plans	8.3		7.0		8.4		6.8
Total weighted average diluted shares outstanding	698.9		709.6		702.0		711.6
Earnings per share of common stock - assuming dilution	$	1.80	$	1.07	$	5.86	$	4.81

REPOSITIONING AND OTHER CHARGES 2 (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	$ 96	$ 144	$ 338	$ 486
Cost of products and services sold [Member]
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	63	91	248	286
Selling, general and administrative expenses [Member]
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	$ 33	$ 53	$ 90	$ 200