0000773840-22-000054 | 10-Q | XBRL Viewer | Honeywell International INC

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COMMITMENTS AND CONTINGENCIES - Disease Distribution of Unresolved Claims (Details) - Bendix - claim	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loss Contingency Disease Distribution Of Unresolved Claims [Line Items]
Mesothelioma and other cancer claims	3,413	3,760	3,422
Nonmalignant claims	2,599	2,641	2,820
Total claims	6,012	6,401	6,242	6,480

REPOSITIONING AND OTHER CHARGES (Tables)

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Repositioning and Other Charges

A summary of repositioning and other charges follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Severance		$	25		$	32		$	32		$	60
Asset impairments		25			45			148			87
Exit costs		41			15			58			64
Reserve adjustments		(37)			(22)			(52)			(21)
Total net repositioning charge		54			70			186			190
Asbestos related litigation charges, net of insurance and reimbursements		40			23			86			44
Probable and reasonably estimable environmental liabilities, net of reimbursements		2			6			16			11
Other		131			2			326			(3)
Total net repositioning and other charges		$	227		$	101		$	614		$	242

Pretax Distribution of Total Net Repositioning and Other Charges

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Cost of products and services sold		$	145		$	87		$	344		$	185
Selling, general and administrative expenses		25			14			213			57
Other (income) expense		57			—			57			—
		$	227		$	101		$	614		$	242

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. These amounts are excluded from segment profit as described in Note 17 Segment Financial Data:


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Aerospace		$	15		$	9		$	36		$	57
Honeywell Building Technologies		23			(1)			37			4
Performance Materials and Technologies		88			2			247			7
Safety and Productivity Solutions		15			59			142			96
Corporate and All Other		86			32			152			78
		$	227		$	101		$	614		$	242

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, 2021		$	289		$	—		$	122		$	411
Charges		32			148			58			238
Usage - cash		(79)			—			(78)			(157)
Usage - noncash		—			(140)			—			(140)
Foreign currency translation		4			—			—			4
Adjustments		(38)			(8)			(6)			(52)
Balance at June 30, 2022		$	208		$	—		$	96		$	304

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

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 reportable business segment for details.


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Aerospace
Commercial Aviation Original Equipment		$	527		$	436		$	1,005		$	867
Commercial Aviation Aftermarket		1,208			1,015			2,376			1,925
Defense and Space		1,163			1,315			2,266			2,606
		2,898			2,766			5,647			5,398
Honeywell Building Technologies
Products		936			812			1,815			1,596
Building Solutions		595			595			1,145			1,169
		1,531			1,407			2,960			2,765
Performance Materials and Technologies
UOP		565			571			1,045			1,098
Process Solutions		1,179			1,166			2,331			2,262
Advanced Materials		950			815			1,771			1,538


		2,694			2,552			5,147			4,898
Safety and Productivity Solutions
Safety and Retail		488			616			999			1,359
Productivity Solutions and Services		442			386			833			732
Warehouse and Workflow Solutions		640			867			1,239			1,698
Advanced Sensing Technologies		259			214			502			412
		1,829			2,083			3,573			4,201
Corporate and All Other		1			—			2			—
Net sales		$	8,953		$	8,808		$	17,329		$	17,262

In July 2022, the Company realigned certain business units within the Safety and Productivity Solutions reportable business segment. See Note 18 Subsequent Events for additional information.

Aerospace – A global supplier of products, software and services for aircrafts that it sells to 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 the Company's 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; and installation, maintenance and upgrades of systems. Honeywell Forge solutions enable the Company's customers to digitally manage buildings, connecting data from different assets to enable smart maintenance, improve building performance, and even 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 the 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 PPE, apparel, gear, and footwear; 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.

Corporate and All Other – Corporate and All Other includes revenue from Honeywell's majority-owned investment in Quantinuum. Through Quantinuum, Honeywell provides a wide range of service offerings of fully integrated quantum computing hardware and software solutions.

For a summary by disaggregated product and services sales for each segment, refer to Note 17 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 June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Products, transferred point in time		61	%		58	%		60	%		58	%
Products, transferred over time		14			17			14			18
Net product sales		75			75			74			76
Services, transferred point in time		7			7			8			7
Services, transferred over time		18			18			18			17
Net service sales		25			25			26			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:


	2022			2021
Contract assets - January 1		$	2,060		$	1,618
Contract assets - June 30		2,243			1,868
Change in contract assets - increase (decrease)		$	183		$	250

Contract liabilities - January 1		$	(4,290)		$	(4,033)
Contract liabilities - June 30		(4,329)			(3,740)
Change in contract liabilities - decrease (increase)		$	(39)		$	293

Net change		$	144		$	543

For the three and six months ended June 30, 2022, the Company recognized revenue of $344 million and $1,271 million, respectively, that was previously included in the beginning balance of contract liabilities. For the three and six months ended June 30, 2021, the Company recognized revenue of $441 million and $1,516 million, respectively, that was previously included in the beginning balance of contract liabilities.

Contract assets include $2,213 million and $2,035 million of unbilled balances under long-term contracts as of June 30, 2022 and December 31, 2021, respectively. These amounts are billed in accordance with the terms of customer contracts to which they relate.

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:


	June 30, 2022
Aerospace		$	10,538
Honeywell Building Technologies		7,502
Performance Materials and Technologies		7,858
Safety and Productivity Solutions		3,572
Corporate and All Other(1)		3
Total Performance Obligations(2)		$	29,473

(1) The remaining performance obligations within Corporate and All Other relate to the Quantinuum business.

(2) Effective March 31, 2022, performance obligations exclude contracts with customers related to Russia as collectability is not reasonably assured.

Performance obligations recognized as of June 30, 2022, 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 61% and 39%, 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 the Company 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 the Company recognizes revenue in proportion to the amount the Company has 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 https://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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 12
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 12
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 12
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-URI https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Basic
Net income attributable to Honeywell	$ 1,261	$ 1,430	$ 2,395	$ 2,857
Weighted average shares outstanding (in shares)	679.0	693.8	681.8	695.0
Earnings per share of common stock - basic (in dollars per share)	$ 1.86	$ 2.06	$ 3.51	$ 4.11
Assuming Dilution
Net income attributable to Honeywell	$ 1,261	$ 1,430	$ 2,395	$ 2,857
Average Shares
Weighted average shares outstanding (in shares)	679.0	693.8	681.8	695.0
Dilutive securities issuable - stock plans (in shares)	6.0	8.7	6.3	8.5
Total weighted average shares outstanding (in shares)	685.0	702.5	688.1	703.5
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 1.84	$ 2.04	$ 3.48	$ 4.06
Stock options excluded from diluted computations (in shares)	5.6	1.9	3.4	1.4
Total shareowners' equity (in shares)	673.7	690.4	673.7	690.4
Shares issued (in shares)	957.6	957.6	957.6	957.6

Cover Page	6 Months Ended
Cover Page	Jun. 30, 2022 shares
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document period end date	Jun. 30, 2022
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 current reporting status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	673,692,317
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Central Index Key	0000773840
Current Fiscal Year End Date	--12-31
Common stock, par value
Entity Listings [Line Items]
Title of each class	Common Stock, par value $1 per share*
Trading Symbol(s)	HON
Name of each exchange on which registered	NASDAQ
1.300% Senior Notes due 2023
Entity Listings [Line Items]
Title of each class	1.300% Senior Notes due 2023
Trading Symbol(s)	HON 23A
Name of each exchange on which registered	NASDAQ
0.000% Senior Notes due 2024
Entity Listings [Line Items]
Title of each class	0.000% Senior Notes due 2024
Trading Symbol(s)	HON 24A
Name of each exchange on which registered	NASDAQ
2.250% Senior Notes due 2028
Entity Listings [Line Items]
Title of each class	2.250% Senior Notes due 2028
Trading Symbol(s)	HON 28A
Name of each exchange on which registered	NASDAQ
0.750% Senior Notes due 2032
Entity Listings [Line Items]
Title of each class	0.750% Senior Notes due 2032
Trading Symbol(s)	HON 32
Name of each exchange on which registered	NASDAQ

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Contract With Customer, Asset And Liability [Roll Forward]
Contract assets - beginning balance			$ 2,060	$ 1,618
Contract assets - ending balance	$ 2,243	$ 1,868	2,243	1,868
Change in contract assets - increase (decrease)			183	250
Contract liabilities - beginning balance			(4,290)	(4,033)
Contract liabilities - ending balance	(4,329)	(3,740)	(4,329)	(3,740)
Change in contract liabilities - decrease (increase)			(39)	293
Net change			144	543
Contract liability, revenue recognized	344	$ 441	1,271	$ 1,516
Unbilled balances	$ 2,213		$ 2,213		$ 2,035

FAIR VALUE MEASUREMENTS - Narrative (Details) - Series B Preferred Stock $ in Millions	Jun. 28, 2022 USD ($)	Feb. 19, 2022 USD ($)	Feb. 18, 2022 USD ($)	Apr. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mandatory redemption discount rate				0.0725
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in equity securities	$ 212	$ 207	$ 197

COMMITMENTS AND CONTINGENCIES - Resolution Values Per Claim Excluding Legal Costs (Details) - Bendix - $ / claim	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Resolution Values Per Claim [Line Items]
Malignant claims (in dollars per claim)	56,000	61,500	50,200	55,300	56,000
Nonmalignant claims (in dollars per claim)	400	550	3,900	4,700	2,800

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Disaggregation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 8,953	$ 8,808	$ 17,329	$ 17,262
Net sales - percentage	100.00%	100.00%	100.00%	100.00%
Corporate and All Other
Disaggregation of Revenue [Line Items]
Net sales	$ 1	$ 0	$ 2	$ 0
Product
Disaggregation of Revenue [Line Items]
Net sales	$ 6,684	$ 6,639	$ 12,816	$ 13,048
Net sales - percentage	75.00%	75.00%	74.00%	76.00%
Product \| Transferred point in time
Disaggregation of Revenue [Line Items]
Net sales - percentage	61.00%	58.00%	60.00%	58.00%
Product \| Transferred over time
Disaggregation of Revenue [Line Items]
Net sales - percentage	14.00%	17.00%	14.00%	18.00%
Service
Disaggregation of Revenue [Line Items]
Net sales	$ 2,269	$ 2,169	$ 4,513	$ 4,214
Net sales - percentage	25.00%	25.00%	26.00%	24.00%
Service \| Corporate and All Other
Disaggregation of Revenue [Line Items]
Net sales	$ 1	$ 0	$ 2	$ 0
Service \| Transferred point in time
Disaggregation of Revenue [Line Items]
Net sales - percentage	7.00%	7.00%	8.00%	7.00%
Service \| Transferred over time
Disaggregation of Revenue [Line Items]
Net sales - percentage	18.00%	18.00%	18.00%	17.00%
Aerospace
Disaggregation of Revenue [Line Items]
Net sales	$ 2,898	$ 2,766
Aerospace \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	2,898	2,766	$ 5,647	$ 5,398
Aerospace \| Commercial Aviation Original Equipment
Disaggregation of Revenue [Line Items]
Net sales	527	436
Aerospace \| Commercial Aviation Original Equipment \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			1,005	867
Aerospace \| Commercial Aviation Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	1,208	1,015
Aerospace \| Commercial Aviation Aftermarket \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			2,376	1,925
Aerospace \| Defense and Space
Disaggregation of Revenue [Line Items]
Net sales	1,163	1,315
Aerospace \| Defense and Space \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			2,266	2,606
Aerospace \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,574	1,571	3,035	3,086
Aerospace \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,324	1,195	2,612	2,312
Honeywell Building Technologies
Disaggregation of Revenue [Line Items]
Net sales	1,531	1,407
Honeywell Building Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,531	1,407	2,960	2,765
Honeywell Building Technologies \| Products
Disaggregation of Revenue [Line Items]
Net sales	936	812
Honeywell Building Technologies \| Products \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			1,815	1,596
Honeywell Building Technologies \| Building Solutions
Disaggregation of Revenue [Line Items]
Net sales	595	595
Honeywell Building Technologies \| Building Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			1,145	1,169
Honeywell Building Technologies \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,179	1,042	2,261	2,051
Honeywell Building Technologies \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	352	365	699	714
Performance Materials and Technologies
Disaggregation of Revenue [Line Items]
Net sales	2,694	2,552
Performance Materials and Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	2,694	2,552	5,147	4,898
Performance Materials and Technologies \| UOP
Disaggregation of Revenue [Line Items]
Net sales	565	571
Performance Materials and Technologies \| UOP \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			1,045	1,098
Performance Materials and Technologies \| Process Solutions
Disaggregation of Revenue [Line Items]
Net sales	1,179	1,166
Performance Materials and Technologies \| Process Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			2,331	2,262
Performance Materials and Technologies \| Advanced Materials
Disaggregation of Revenue [Line Items]
Net sales			1,771	1,538
Performance Materials and Technologies \| Advanced Materials \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	950	815
Performance Materials and Technologies \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	2,210	2,055	4,166	3,924
Performance Materials and Technologies \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	484	497	981	974
Safety and Productivity Solutions
Disaggregation of Revenue [Line Items]
Net sales	1,829	2,083
Safety and Productivity Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,829	2,083	3,573	4,201
Safety and Productivity Solutions \| Safety and Retail
Disaggregation of Revenue [Line Items]
Net sales	488	616
Safety and Productivity Solutions \| Safety and Retail \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			999	1,359
Safety and Productivity Solutions \| Productivity Solutions and Services
Disaggregation of Revenue [Line Items]
Net sales	442	386
Safety and Productivity Solutions \| Productivity Solutions and Services \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			833	732
Safety and Productivity Solutions \| Warehouse and Workflow Solutions
Disaggregation of Revenue [Line Items]
Net sales	640	867
Safety and Productivity Solutions \| Warehouse and Workflow Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			1,239	1,698
Safety and Productivity Solutions \| Advanced Sensing Technologies
Disaggregation of Revenue [Line Items]
Net sales	259	214
Safety and Productivity Solutions \| Advanced Sensing Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales			502	412
Safety and Productivity Solutions \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,721	1,971	3,354	3,987
Safety and Productivity Solutions \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	$ 108	$ 112	$ 219	$ 214

COMMITMENTS AND CONTINGENCIES - Other Matters (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Other Matters [Line Items]
Expense related to UOP Matters	$ 50,000,000	$ 0	$ 50,000,000	$ 0
Petrobras
Other Matters [Line Items]
Expense related to UOP Matters	$ 50,000,000		$ 210,000,000		$ 160,000,000

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rate was higher than the U.S. federal statutory rate of 21% and increased during 2022 compared to 2021 primarily due to charges and accrual of reserves directly attributable to the initial Suspension and Wind down of our businesses and operations in Russia with no corresponding tax benefit, an expense related to UOP matters with no corresponding tax benefit, lower tax benefits for employee share-based compensation, and incremental tax reserves and state taxes, partially offset by the favorable resolution of certain foreign 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Topic 740
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-Section S99
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-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

LEASES

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

LEASES

The Company's operating and finance lease portfolio is described in Note 10 Leases of Notes to Consolidated Financial Statements in the 2021 Annual Report on Form 10-K.

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30,
		2022	2021
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases				$	64	$	243
Finance leases				28		8

Supplemental balance sheet information related to leases was as follows:


	June 30, 2022			December 31, 2021
Operating leases
Other assets		$	908		$	947
Accrued liabilities		200			185
Other liabilities		798			847
Total operating lease liabilities		$	998		$	1,032
Financing leases
Property, plant and equipment		$	322		$	325
Accumulated depreciation		(160)			(177)
Property, plant and equipment - net		$	162		$	148
Current maturities of long-term debt		64			57
Long-term debt		102			99
Total financing lease liabilities		$	166		$	156

LEASES

The Company's operating and finance lease portfolio is described in Note 10 Leases of Notes to Consolidated Financial Statements in the 2021 Annual Report on Form 10-K.

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30,
		2022	2021
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases				$	64	$	243
Finance leases				28		8

Supplemental balance sheet information related to leases was as follows:


	June 30, 2022			December 31, 2021
Operating leases
Other assets		$	908		$	947
Accrued liabilities		200			185
Other liabilities		798			847
Total operating lease liabilities		$	998		$	1,032
Financing leases
Property, plant and equipment		$	322		$	325
Accumulated depreciation		(160)			(177)
Property, plant and equipment - net		$	162		$	148
Current maturities of long-term debt		64			57
Long-term debt		102			99
Total financing lease liabilities		$	166		$	156

ACQUISITIONS AND DIVESTITURES	6 Months Ended
ACQUISITIONS AND DIVESTITURES	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES ACQUISITIONS On January 18, 2022, the Company acquired 100% of the issued and outstanding shares of US Digital Design, Inc., a leading provider of technologies for first responders, for total consideration of $185 million. The business is included within the Honeywell Building Technologies segment. The assets and liabilities acquired with US Digital Designs, Inc. are included in the Consolidated Balance Sheet as of June 30, 2022, including $47 million of intangible assets and $134 million allocated to goodwill, which is deductible for tax purposes. The purchase accounting is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, and tax balances. DIVESTITURES During 2022, there were no significant divestitures that closed individually or in the aggregate. As of June 30, 2022, the Company had no material adjustments for acquisitions or divestitures completed during 2021. See Note 2 Acquisitions and Divestitures of Notes to Consolidated Financial Statements in the Company's 2021 Annual Report on Form 10-K for discussion of acquisitions and divestitures during 2021.

OTHER (INCOME) EXPENSE

6 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

OTHER (INCOME) EXPENSE


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Interest income		$	(20)		$	(23)		$	(40)		$	(42)
Pension ongoing income – non-service		(283)			(309)			(568)			(619)
Other postretirement income – non-service		(10)			(18)			(20)			(35)
Equity income of affiliated companies		(10)			(18)			(24)			(32)

(Gain) loss on sale of non-strategic businesses and assets		—			1			—			(89)
Foreign exchange		22			13			20			18
Expense related to UOP Matters		50			—			50			—
Expense related to Russia-Ukraine Conflict		57			—			57			—
Other (net)		4			(12)			16			(9)
		$	(190)		$	(366)		$	(509)		$	(808)

See Note 14 Commitments and Contingencies for further discussion of the UOP Matters. See Note 5 Repositioning and Other Charges for further discussion of the expense related to the Russia-Ukraine Conflict.

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Cumulative Basis Adjustments for Fair Value Hedges (Details) - Long-term debt - Derivatives in Fair Value Hedging Relationships: - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of the Hedged Item	$ 3,042	$ 3,210
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item	$ (108)	$ 60

SEGMENT FINANCIAL DATA (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Financial Data


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Net sales
Aerospace
Products		$	1,574		$	1,571		$	3,035		$	3,086
Services		1,324			1,195			2,612			2,312
Total		2,898			2,766			5,647			5,398
Honeywell Building Technologies
Products		1,179			1,042			2,261			2,051
Services		352			365			699			714
Total		1,531			1,407			2,960			2,765
Performance Materials and Technologies
Products		2,210			2,055			4,166			3,924
Services		484			497			981			974
Total		2,694			2,552			5,147			4,898
Safety and Productivity Solutions
Products		1,721			1,971			3,354			3,987
Services		108			112			219			214
Total		1,829			2,083			3,573			4,201
Corporate and All Other

Services		1			—			2			—
Total		1			—			2			—
		$	8,953		$	8,808		$	17,329		$	17,262
Segment profit
Aerospace		$	767		$	710		$	1,520		$	1,472
Honeywell Building Technologies		360			315			696			620
Performance Materials and Technologies		601			530			1,111			964
Safety and Productivity Solutions		231			292			484			595
Corporate and All Other		(92)			(54)			(178)			(83)
Total segment profit		1,867			1,793			3,633			3,568
Interest and other financial charges		(87)			(83)			(172)			(173)
Stock compensation expense(a)		(53)			(39)			(113)			(116)
Pension ongoing income(b)		250			272			501			548
Other postretirement income(b)		10			18			20			35
Repositioning and other charges(c)		(227)			(101)			(614)			(242)
Other(d)		(56)			21			(46)			122
Income before taxes		$	1,704		$	1,881		$	3,209		$	3,742

(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 - Bendix-Related Asbestos Claims Activity (Details) - Bendix - claim	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2022
Loss Contingency Claims [Roll Forward]
Claims unresolved at the beginning of period	6,401	6,242	6,401
Claims filed	2,611	2,233	1,078
Claims resolved	(2,452)	(2,471)	(1,467)
Claims unresolved at the end of period			6,012

CONSOLIDATED BALANCE SHEET (unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 378	$ 177

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

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 June 30, 2022, and December 31, 2021:


	Notional						Fair Value Asset						Fair Value (Liability)
	June 30, 2022			December 31, 2021			June 30, 2022			December 31, 2021			June 30, 2022			December 31, 2021
Derivatives in Fair Value Hedging Relationships:
Interest rate swap agreements		$	3,150		$	3,150		$	—		$	60		$	(108)		$	—
Derivatives in Cash Flow Hedging Relationships:
Foreign currency exchange contracts		3,637			647			34			4			(3)			—
Commodity contracts		9			—			—			—			(1)			—
Derivatives in Net Investment Hedging Relationships:
Foreign currency exchange contracts		278			746			124			92			—			—
Cross currency swap agreements		1,200			1,200			135			39			—			—
Total Derivatives Designated as Hedging Instruments		8,274			5,743			293			195			(112)			—
Derivatives Not Designated as Hedging Instruments:
Foreign currency exchange contracts		9,374			11,278			384			278			(379)			(282)
Total Derivatives at Fair Value		$	17,648		$	17,021		$	677		$	473		$	(491)		$	(282)

Schedule of Derivative Instruments

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	June 30, 2022			December 31, 2021			June 30, 2022			December 31, 2021
Long-term debt		$	3,042		$	3,210		$	(108)		$	60

Derivative Instruments, Gain (Loss)

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


	Three Months Ended June 30, 2022
	Net Sales			Cost of Products Sold		Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	8,953		4,673		$	1,373		$	1,306		$	(190)		$	87
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		2			11		3			(1)			—			—

Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—		—			—			—			31
Derivatives designated as hedges		—			—		—			—			—			(31)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—		—			—			—			3
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—		—			—			281			—


	Three Months Ended June 30, 2021
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	8,808		$	4,734		$	1,269		$	1,207		$	(366)		$	83
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		1			2			1			2			—			—

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		—			—			—			—			(71)			—


	Six Months Ended June 30, 2022
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	17,329		$	9,046		$	2,674		$	2,737		$	(509)		$	172
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		3			12			3			—			—			—



Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—			—			—			—			168
Derivatives designated as hedges		—			—			—			—			—			(168)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—			—			—			—			7
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—			—			—			347			—


	Six Months Ended June 30, 2021
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	17,262		$	9,285		$	2,427		$	2,443		$	(808)		$	173
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		2			3			1			4			—			—

Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—			—			—			—			80
Derivatives designated as hedges		—			—			—			—			—			(80)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—			—			—			—			8
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—			—			—			(11)			—

Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)

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 June 30, 2022						Six Months Ended June 30,
	2022			2021			2022			2021
Euro-denominated long-term debt		$	184		$	(15)		$	267		$	135
Euro-denominated commercial paper		36			(3)			53			27
Cross currency swap		63			(16)			80			28
Foreign currency exchange contracts		31			14			31			12

- 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

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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+ Details

ACQUISITIONS AND DIVESTITURES (Details) - USD ($) $ in Millions	Jan. 18, 2022	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 17,528	$ 17,756
US Digital Design, Inc.
Business Acquisition [Line Items]
Percentage aquired	100.00%
Consideration amount	$ 185
Intangible assets acquired		47
Goodwill		$ 134

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

REPOSITIONING AND OTHER CHARGES - Repositioning Reserves (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring Reserve [Roll Forward]
Balance at beginning of period			$ 411
Charges	$ 91	$ 92	238	$ 211
Usage - cash			(157)
Usage - noncash			(140)
Foreign currency translation			4
Adjustments			(52)
Balance at end of period	304		304
Severance Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period			289
Charges			32
Usage - cash			(79)
Usage - noncash			0
Foreign currency translation			4
Adjustments			(38)
Balance at end of period	208		208
Asset impairments
Restructuring Reserve [Roll Forward]
Balance at beginning of period			0
Charges			148
Usage - cash			0
Usage - noncash			(140)
Foreign currency translation			0
Adjustments			(8)
Balance at end of period	0		0
Exit costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period			122
Charges			58
Usage - cash			(78)
Usage - noncash			0
Foreign currency translation			0
Adjustments			(6)
Balance at end of period	$ 96		$ 96

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATIONIn 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, respectively. It is 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 the Company's 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 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 six months ended June 30, 2022 and 2021, were July 2, 2022, and July 3, 2021, respectively.

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Notional and Fair Value of Outstanding Derivatives (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Notional	$ 17,648	$ 17,021
Fair Value Asset	677	473
Fair Value (Liability)	(491)	(282)
Foreign currency exchange contracts
Derivative [Line Items]
Amount of hedged item	2,449	4,074
Derivatives in Fair Value Hedging Relationships:
Derivative [Line Items]
Notional	8,274	5,743
Fair Value Asset	293	195
Fair Value (Liability)	(112)	0
Derivatives in Fair Value Hedging Relationships: \| Fair Value Hedging \| Interest rate swap agreements
Derivative [Line Items]
Notional	3,150	3,150
Fair Value Asset	0	60
Fair Value (Liability)	(108)	0
Derivatives in Fair Value Hedging Relationships: \| Cash Flow Hedging \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	3,637	647
Fair Value Asset	34	4
Fair Value (Liability)	(3)	0
Derivatives in Fair Value Hedging Relationships: \| Cash Flow Hedging \| Commodity contracts
Derivative [Line Items]
Notional	9	0
Fair Value Asset	0	0
Fair Value (Liability)	(1)	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	278	746
Fair Value Asset	124	92
Fair Value (Liability)	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Cross currency swap agreements
Derivative [Line Items]
Notional	1,200	1,200
Fair Value Asset	135	39
Fair Value (Liability)	0	0
Derivatives Not Designated as Hedging Instruments: \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	9,374	11,278
Fair Value Asset	384	278
Fair Value (Liability)	$ (379)	$ (282)

FAIR VALUE MEASUREMENTS

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

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:


	June 30, 2022							December 31, 2021
	Level 1			Level 2			Total			Level 1	Level 2				Total
Assets:
Foreign currency exchange contracts		$	—		$	542		$	542		$	—	$	374		$	374
Available for sale investments		71			476			547			176		566			742
Interest rate swap agreements		—			—			—			—		60			60
Cross currency swap agreements		—			135			135			—		39			39
Investments in equity securities		23			34			57			34		23			57
Total assets		$	94		$	1,187		$	1,281		$	210	$	1,062		$	1,272
Liabilities:
Foreign currency exchange contracts		$	—		$	382		$	382		$	—	$	282		$	282
Interest rate swap agreements		—			108			108			—		—			—
Commodity contracts		—			1			1			—		—			—

Total liabilities		$	—		$	491		$	491		$	—	$	282		$	282

The foreign currency exchange contracts, interest rate swap agreements, cross currency swap agreements and commodity contracts 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, time deposits, and corporate debt securities that are designated as available for sale, as well as investments in equity securities, which includes holdings of Garrett Motion Inc. (Garrett) Series A Preferred Stock. These investments 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 securities, and investments in equity securities, which includes holdings of Garrett common stock. These investments 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.

As of June 30, 2022, the Company does not consider any assets or liabilities measured at fair value as level 3.

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


	June 30, 2022						December 31, 2021
	Carrying Value			Fair Value			Carrying Value			Fair Value
Assets
Short-term investment		$	—		$	—		$	34		$	34
Long-term receivables		156			128			170			152
Long-term investment		—			—			366			366
Liabilities
Long-term debt and related current maturities		$	15,590		$	18,344		$	16,057		$	17,022

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.

On April 30, 2021, the Company received shares of Garrett Series B Preferred Stock in full and final satisfaction of the Garrett Indemnity and Tax Matters Agreement. As of December 31, 2021, the fair value of the short-term and long-term investments were based on the present value of the mandatory redemptions as reflected within Garrett's Second and Amended and Restated Series B Preferred Stock (Series B Preferred Stock) Certificate of Designation. The present value reflected amortized cost determined by the present value of the mandatory redemptions discounted at 7.25%, which was the rate reflected in the Second Amended and Restated Series B Preferred Stock Certificate of Designation. The discount accreted to interest income over the mandatory redemption period. The investment was 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 was considered level 2. Fair Value of the Series B Preferred Stock was not impacted by early redemptions until receipt of payment.

On February 18, 2022, Garrett early redeemed $197 million of the Series B Preferred Stock, pursuant to the terms and conditions of the Second Amended and Restated Series B Preferred Stock Certificate of Designation. Immediately following the early redemption, the fair value of the Series B Preferred Stock was $207 million.

On June 28, 2022, Garrett early redeemed all remaining shares of the Series B Preferred Stock in the amount of $212 million, pursuant to the terms and conditions of the Second Amended and Restated Series B Preferred Stock Certificate of Designation. Following the redemption, the Series B Preferred Stock were no longer outstanding.

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 (unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 8,248	$ 10,959
Short-term investments	411	564
Accounts receivable, less allowances of $378 and $177, respectively	7,738	6,830
Inventories	5,576	5,138
Other current assets	1,874	1,881
Total current assets	23,847	25,372
Investments and long-term receivables	797	1,222
Property, plant and equipment - net	5,342	5,562
Goodwill	17,528	17,756
Other intangible assets - net	3,385	3,613
Insurance recoveries for asbestos related liabilities	272	322
Deferred income taxes	491	489
Other assets	10,596	10,134
Total assets	62,258	64,470
Current liabilities:
Accounts payable	6,245	6,484
Commercial paper and other short-term borrowings	3,487	3,542
Current maturities of long-term debt	3,099	1,803
Accrued liabilities	7,116	7,679
Total current liabilities	19,947	19,508
Long-term debt	12,491	14,254
Deferred income taxes	2,421	2,364
Postretirement benefit obligations other than pensions	212	208
Asbestos-related liabilities	1,780	1,800
Other liabilities	7,210	7,087
Redeemable noncontrolling interest	7	7
SHAREOWNERS’ EQUITY
Capital - common stock issued	958	958
Capital - additional paid in capital	8,397	8,141
Common stock held in treasury, at cost	(32,814)	(30,462)
Accumulated other comprehensive loss	(2,883)	(2,895)
Retained earnings	43,883	42,827
Total Honeywell shareowners’ equity	17,541	18,569
Noncontrolling interest	649	673
Total shareowners’ equity	18,190	19,242
Total liabilities, redeemable noncontrolling interest and shareowners’ equity	$ 62,258	$ 64,470

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2022

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, 2021		$	(2,478)		$	(415)		$	1		$	(3)		$	(2,895)
Other comprehensive income (loss) before reclassifications		34			—			(9)			39			64
Amounts reclassified from accumulated other comprehensive income		(3)			(34)			—			(15)			(52)
Net current period other comprehensive income (loss)		31			(34)			(9)			24			12
Balance at June 30, 2022		$	(2,447)		$	(449)		$	(8)		$	21		$	(2,883)


	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		345			—			(3)			15			357
Amounts reclassified from accumulated other comprehensive income		(3)			(43)			—			(9)			(55)
Net current period other comprehensive income (loss)		342			(43)			(3)			6			302
Balance at June 30, 2021		$	(2,438)		$	(644)		$	1		$	6		$	(3,075)

INVENTORIES

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

INVENTORIES


	June 30, 2022			December 31, 2021
Raw materials		$	1,507		$	1,352
Work in process		1,003			861
Finished products		3,066			2,925
		$	5,576		$	5,138

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS

Honeywell's credit, market, foreign currency, and interest rate risk management policies are described in Note 11 Derivative Instruments and Hedging Transactions of Notes to Consolidated Financial Statements in the Company's 2021 Annual Report on Form 10-K. During March 2022, the Company entered into certain commodity contracts. The Company's risk management policy related to commodity contracts is described in the below section. All derivative assets are presented in Other current assets or Other assets. All derivative liabilities are presented in Accrued liabilities or Other liabilities.

COMMODITY CONTRACTS RISK MANAGEMENT

The Company's operations subject us to risk related to the price volatility of certain commodities. To mitigate the commodity price risk associated with the Company's operations, the Company may enter into commodity derivative instruments. In March 2022, the Company entered into various contracts to mitigate commodity price volatility. The Company elected to apply hedge accounting to these contracts.


	Notional						Fair Value Asset						Fair Value (Liability)
	June 30, 2022			December 31, 2021			June 30, 2022			December 31, 2021			June 30, 2022			December 31, 2021
Derivatives in Fair Value Hedging Relationships:
Interest rate swap agreements		$	3,150		$	3,150		$	—		$	60		$	(108)		$	—
Derivatives in Cash Flow Hedging Relationships:
Foreign currency exchange contracts		3,637			647			34			4			(3)			—
Commodity contracts		9			—			—			—			(1)			—
Derivatives in Net Investment Hedging Relationships:
Foreign currency exchange contracts		278			746			124			92			—			—
Cross currency swap agreements		1,200			1,200			135			39			—			—
Total Derivatives Designated as Hedging Instruments		8,274			5,743			293			195			(112)			—
Derivatives Not Designated as Hedging Instruments:
Foreign currency exchange contracts		9,374			11,278			384			278			(379)			(282)
Total Derivatives at Fair Value		$	17,648		$	17,021		$	677		$	473		$	(491)		$	(282)

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 $2,449 million and $4,074 million as of June 30, 2022, and December 31, 2021, respectively.

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	June 30, 2022			December 31, 2021			June 30, 2022			December 31, 2021
Long-term debt		$	3,042		$	3,210		$	(108)		$	60

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


	Three Months Ended June 30, 2022
	Net Sales			Cost of Products Sold		Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	8,953		4,673		$	1,373		$	1,306		$	(190)		$	87
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		2			11		3			(1)			—			—

Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—		—			—			—			31
Derivatives designated as hedges		—			—		—			—			—			(31)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—		—			—			—			3
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—		—			—			281			—


	Three Months Ended June 30, 2021
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	8,808		$	4,734		$	1,269		$	1,207		$	(366)		$	83
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		1			2			1			2			—			—

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		—			—			—			—			(71)			—


	Six Months Ended June 30, 2022
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	17,329		$	9,046		$	2,674		$	2,737		$	(509)		$	172
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		3			12			3			—			—			—



Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—			—			—			—			168
Derivatives designated as hedges		—			—			—			—			—			(168)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—			—			—			—			7
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—			—			—			347			—


	Six Months Ended June 30, 2021
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	17,262		$	9,285		$	2,427		$	2,443		$	(808)		$	173
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		2			3			1			4			—			—

Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—			—			—			—			80
Derivatives designated as hedges		—			—			—			—			—			(80)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—			—			—			—			8
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—			—			—			(11)			—

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 June 30, 2022						Six Months Ended June 30,
	2022			2021			2022			2021
Euro-denominated long-term debt		$	184		$	(15)		$	267		$	135
Euro-denominated commercial paper		36			(3)			53			27
Cross currency swap		63			(16)			80			28
Foreign currency exchange contracts		31			14			31			12

LONG-TERM DEBT AND CREDIT AGREEMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Long-Term Debt


	June 30, 2022			December 31, 2021



0.483% notes due 2022		$	500		$	500
2.15% notes due 2022		600			600
Floating rate notes due 2022		600			600
1.30% Euro notes due 2023		1,304			1,416
3.35% notes due 2023		300			300
0.00% Euro notes due 2024		522			566
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			1,000
2.25% Euro notes due 2028		783			849
2.70% notes due 2029		750			750
1.95% notes due 2030		1,000			1,000
1.75% notes due 2031		1,500			1,500
0.75% Euro notes due 2032		522			566
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), 8.7% weighted average interest rate maturing at various dates through 2027		123			332
Debt issuance costs		(203)			(211)
		15,590			16,057
Less-current portion		(3,099)			(1,803)
		$	12,491		$	14,254

- 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.

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+ Details

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTSIn July 2022, the Company realigned certain business units within the Safety and Productivity Solutions reportable business segment. This realignment does not impact the four reportable business segments identified by the Company. The Company intends to report financial performance based on this realignment effective with the reporting of third quarter 2022 results.Business units are used in our annual goodwill impairment test. The Company completes its annual goodwill impairment test on March 31 of each year. Based on the results of the annual goodwill impairment test as of March 31, 2022, fair values of the impacted reporting units were in excess of their carrying values.

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 64	$ 243
Finance leases	$ 28	$ 8

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Performance Obligation (Details) $ in Millions	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 29,473
Corporate and All Other
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	3
Aerospace \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	10,538
Honeywell Building Technologies \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	7,502
Performance Materials and Technologies \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	7,858
Safety and Productivity Solutions \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 3,572
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, period	1 year
Performance obligation, percentage	61.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, period
Performance obligation, percentage	39.00%

PENSION BENEFITS (Tables)

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

Defined Benefit Plans Disclosure

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


Net Periodic Benefit Cost	U.S. Plans
	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Service cost		$	22		$	27		$	43		$	53
Interest cost		95			76			190			153
Expected return on plan assets		(321)			(305)			(641)			(610)
Amortization of prior service (credit)		(11)			(11)			(21)			(22)
		$	(215)		$	(213)		$	(429)		$	(426)


Net Periodic Benefit Cost	Non-U.S. Plans
	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Service cost		$	5		$	6		$	10		$	13
Interest cost		26			21			54			40
Expected return on plan assets		(71)			(89)			(146)			(176)

		$	(40)		$	(62)		$	(82)		$	(123)

LONG-TERM DEBT AND CREDIT AGREEMENTS - Narrative (Details) - USD ($)	Mar. 24, 2022	Mar. 31, 2021	Jun. 30, 2022
364-Day Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Debt term	364 days
Short-term debt, borrowing capacity	$ 1,500,000,000	$ 1,500,000,000
Short-term outstanding borrowings			$ 0
Line of Credit \| 5-Year Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 4,000,000,000	$ 4,000,000,000
Debt term	5 years	5 years
Borrowing capacity upon certain terms	$ 4,500,000,000
Long-term outstanding borrowings			$ 0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2022
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 the Company's Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which 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. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, to expand the scope of this guidance to include derivatives. 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 will apply the guidance to impacted transactions during the transition period. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers. This ASU should be applied prospectively to acquisitions occurring on or after the effective date of December 15, 2022, and early adoption is permitted. The Company adopted this guidance on January 1, 2022. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements.
Revenue Recognition and Contracts with Customers	Aerospace – A global supplier of products, software and services for aircrafts that it sells to 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 the Company's 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; and installation, maintenance and upgrades of systems. Honeywell Forge solutions enable the Company's customers to digitally manage buildings, connecting data from different assets to enable smart maintenance, improve building performance, and even 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 the 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 PPE, apparel, gear, and footwear; 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. Corporate and All Other – Corporate and All Other includes revenue from Honeywell's majority-owned investment in Quantinuum. Through Quantinuum, Honeywell provides a wide range of service offerings of fully integrated quantum computing hardware and software solutions. For a summary by disaggregated product and services sales for each segment, refer to Note 17 Segment Financial Data. 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. 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. Performance obligations recognized as of June 30, 2022, 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 61% and 39%, 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 the Company 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 the Company recognizes revenue in proportion to the amount the Company has the right to invoice for services performed.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 20
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/topic&trid=49130388

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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130564-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 20
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

+ Details

INVENTORIES (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 1,507	$ 1,352
Work in process	1,003	861
Finished products	3,066	2,925
Inventories	$ 5,576	$ 5,138

INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Inventories


	June 30, 2022			December 31, 2021
Raw materials		$	1,507		$	1,352
Work in process		1,003			861
Finished products		3,066			2,925
		$	5,576		$	5,138

COMMITMENTS AND CONTINGENCIES - Asbestos-Related Liabilities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries for asbestos related liabilities	$ 272	$ 322
Asbestos-related liabilities	1,780	1,800
Total
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period	2,061
Accrual for update to estimated liability	65
Change in estimated cost of future claims	15
Asbestos-related liability payments	(125)
Asbestos related liabilities, end of period	2,016
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period	363
Insurance receipts for asbestos-related liabilities	(50)
Insurance recoveries, end of period	313
Other current assets	41	41
Insurance recoveries for asbestos related liabilities	272	322
Total assets	313	363
Accrued liabilities	236	261
Asbestos-related liabilities	1,780	1,800
Total liabilities	2,016	2,061
Bendix
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period	1,372
Accrual for update to estimated liability	31
Change in estimated cost of future claims	15
Asbestos-related liability payments	(100)
Asbestos related liabilities, end of period	1,318
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period	142
Insurance receipts for asbestos-related liabilities	(4)
Insurance recoveries, end of period	138
Total assets	138	142
Total liabilities	1,318	1,372
NARCO
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period	689
Accrual for update to estimated liability	34
Change in estimated cost of future claims	0
Asbestos-related liability payments	(25)
Asbestos related liabilities, end of period	698
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period	221
Insurance receipts for asbestos-related liabilities	(46)
Insurance recoveries, end of period	175
Total assets	175	221
Total liabilities	698	$ 689
Annual trust cap	$ 145

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

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


	June 30, 2022							December 31, 2021
	Level 1			Level 2			Total			Level 1	Level 2				Total
Assets:
Foreign currency exchange contracts		$	—		$	542		$	542		$	—	$	374		$	374
Available for sale investments		71			476			547			176		566			742
Interest rate swap agreements		—			—			—			—		60			60
Cross currency swap agreements		—			135			135			—		39			39
Investments in equity securities		23			34			57			34		23			57
Total assets		$	94		$	1,187		$	1,281		$	210	$	1,062		$	1,272
Liabilities:
Foreign currency exchange contracts		$	—		$	382		$	382		$	—	$	282		$	282
Interest rate swap agreements		—			108			108			—		—			—
Commodity contracts		—			1			1			—		—			—

Total liabilities		$	—		$	491		$	491		$	—	$	282		$	282

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:


	June 30, 2022						December 31, 2021
	Carrying Value			Fair Value			Carrying Value			Fair Value
Assets
Short-term investment		$	—		$	—		$	34		$	34
Long-term receivables		156			128			170			152
Long-term investment		—			—			366			366
Liabilities
Long-term debt and related current maturities		$	15,590		$	18,344		$	16,057		$	17,022

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Aerospace
Commercial Aviation Original Equipment		$	527		$	436		$	1,005		$	867
Commercial Aviation Aftermarket		1,208			1,015			2,376			1,925
Defense and Space		1,163			1,315			2,266			2,606
		2,898			2,766			5,647			5,398
Honeywell Building Technologies
Products		936			812			1,815			1,596
Building Solutions		595			595			1,145			1,169
		1,531			1,407			2,960			2,765
Performance Materials and Technologies
UOP		565			571			1,045			1,098
Process Solutions		1,179			1,166			2,331			2,262
Advanced Materials		950			815			1,771			1,538


		2,694			2,552			5,147			4,898
Safety and Productivity Solutions
Safety and Retail		488			616			999			1,359
Productivity Solutions and Services		442			386			833			732
Warehouse and Workflow Solutions		640			867			1,239			1,698
Advanced Sensing Technologies		259			214			502			412
		1,829			2,083			3,573			4,201
Corporate and All Other		1			—			2			—
Net sales		$	8,953		$	8,808		$	17,329		$	17,262

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Products, transferred point in time		61	%		58	%		60	%		58	%
Products, transferred over time		14			17			14			18
Net product sales		75			75			74			76
Services, transferred point in time		7			7			8			7
Services, transferred over time		18			18			18			17
Net service sales		25			25			26			24
Net sales		100	%		100	%		100	%		100	%

Contract with Customer Asset and Liability

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


	2022			2021
Contract assets - January 1		$	2,060		$	1,618
Contract assets - June 30		2,243			1,868
Change in contract assets - increase (decrease)		$	183		$	250

Contract liabilities - January 1		$	(4,290)		$	(4,033)
Contract liabilities - June 30		(4,329)			(3,740)
Change in contract liabilities - decrease (increase)		$	(39)		$	293

Net change		$	144		$	543

Revenue Remaining Performance Obligation Expected Timing of Satisfaction

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


	June 30, 2022
Aerospace		$	10,538
Honeywell Building Technologies		7,502
Performance Materials and Technologies		7,858
Safety and Productivity Solutions		3,572
Corporate and All Other(1)		3
Total Performance Obligations(2)		$	29,473

(1) The remaining performance obligations within Corporate and All Other relate to the Quantinuum business.

(2) Effective March 31, 2022, performance obligations exclude contracts with customers related to Russia as collectability is not reasonably assured.

PENSION BENEFITS

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

PENSION BENEFITS

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


Net Periodic Benefit Cost	U.S. Plans
	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Service cost		$	22		$	27		$	43		$	53
Interest cost		95			76			190			153
Expected return on plan assets		(321)			(305)			(641)			(610)
Amortization of prior service (credit)		(11)			(11)			(21)			(22)
		$	(215)		$	(213)		$	(429)		$	(426)


Net Periodic Benefit Cost	Non-U.S. Plans
	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Service cost		$	5		$	6		$	10		$	13
Interest cost		26			21			54			40
Expected return on plan assets		(71)			(89)			(146)			(176)

		$	(40)		$	(62)		$	(82)		$	(123)

- 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
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-URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

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-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
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-Section 50
-Paragraph 1
-Subparagraph (l)
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+ Details

SEGMENT FINANCIAL DATA

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

SEGMENT FINANCIAL DATA

SEGMENT FINANCIAL DATA Honeywell globally manages its business operations through four reportable business 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 June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Net sales
Aerospace
Products		$	1,574		$	1,571		$	3,035		$	3,086
Services		1,324			1,195			2,612			2,312
Total		2,898			2,766			5,647			5,398
Honeywell Building Technologies
Products		1,179			1,042			2,261			2,051
Services		352			365			699			714
Total		1,531			1,407			2,960			2,765
Performance Materials and Technologies
Products		2,210			2,055			4,166			3,924
Services		484			497			981			974
Total		2,694			2,552			5,147			4,898
Safety and Productivity Solutions
Products		1,721			1,971			3,354			3,987
Services		108			112			219			214
Total		1,829			2,083			3,573			4,201
Corporate and All Other

Services		1			—			2			—
Total		1			—			2			—
		$	8,953		$	8,808		$	17,329		$	17,262
Segment profit
Aerospace		$	767		$	710		$	1,520		$	1,472
Honeywell Building Technologies		360			315			696			620
Performance Materials and Technologies		601			530			1,111			964
Safety and Productivity Solutions		231			292			484			595
Corporate and All Other		(92)			(54)			(178)			(83)
Total segment profit		1,867			1,793			3,633			3,568
Interest and other financial charges		(87)			(83)			(172)			(173)
Stock compensation expense(a)		(53)			(39)			(113)			(116)
Pension ongoing income(b)		250			272			501			548
Other postretirement income(b)		10			18			20			35
Repositioning and other charges(c)		(227)			(101)			(614)			(242)
Other(d)		(56)			21			(46)			122
Income before taxes		$	1,704		$	1,881		$	3,209		$	3,742

(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

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-Name Accounting Standards Codification
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+ Details

CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 2,397	$ 2,895
Less: Net income attributable to the noncontrolling interest	2	38
Net income attributable to Honeywell	2,395	2,857
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:
Depreciation	328	335
Amortization	277	290
Gain on sale of non-strategic businesses and assets	0	(90)
Repositioning and other charges	614	242
Net payments for repositioning and other charges	(220)	(358)
Pension and other postretirement income	(521)	(583)
Pension and other postretirement benefit payments	(5)	(27)
Stock compensation expense	113	116
Deferred income taxes	120	101
Other	81	(277)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts receivable	(904)	(127)
Inventories	(434)	(271)
Other current assets	(38)	(98)
Accounts payable	(240)	402
Accrued liabilities	(741)	(256)
Net cash provided by operating activities	825	2,256
Cash flows from investing activities:
Expenditures for property, plant and equipment	(341)	(406)
Proceeds from disposals of property, plant and equipment	11	14
Increase in investments	(470)	(1,397)
Decrease in investments	646	1,331
Receipts from Garrett Motion Inc.	409	375
Receipts (payments) from settlements of derivative contracts	337	(23)
Cash paid for acquisitions, net of cash acquired	(178)	(1,327)
Proceeds from sales of businesses, net of fees paid	0	190
Net cash provided by (used for) investing activities	414	(1,243)
Cash flows from financing activities:
Proceeds from issuance of commercial paper and other short-term borrowings	2,924	2,358
Payments of commercial paper and other short-term borrowings	(2,926)	(2,355)
Proceeds from issuance of common stock	75	114
Proceeds from issuance of long-term debt	1	27
Payments of long-term debt	(89)	(835)
Repurchases of common stock	(2,437)	(1,849)
Cash dividends paid	(1,359)	(1,304)
Other	(21)	(33)
Net cash used for financing activities	(3,832)	(3,877)
Effect of foreign exchange rate changes on cash and cash equivalents	(118)	16
Net decrease in cash and cash equivalents	(2,711)	(2,848)
Cash and cash equivalents at beginning of period	10,959	14,275
Cash and cash equivalents at end of period	$ 8,248	$ 11,427

PENSION BENEFITS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
PENSION BENEFITS (Details) - USD ($) $ in Millions	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 22	$ 27	$ 43	$ 53
Interest cost	95	76	190	153
Expected return on plan assets	(321)	(305)	(641)	(610)
Amortization of prior service (credit)	(11)	(11)	(21)	(22)
Net periodic benefit (income)	(215)	(213)	(429)	(426)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	6	10	13
Interest cost	26	21	54	40
Expected return on plan assets	(71)	(89)	(146)	(176)
Net periodic benefit (income)	$ (40)	$ (62)	$ (82)	$ (123)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 1,263	$ 1,447	$ 2,397	$ 2,895
Other comprehensive income (loss), net of tax
Foreign exchange translation adjustment	(102)	129	24	343
Prior service (credit) cost recognized	(17)	(21)	(34)	(43)
Pension and other postretirement benefit adjustments	(17)	(21)	(34)	(43)
Changes in fair value of available for sale investments	(3)	0	(9)	(3)
Cash flow hedges recognized in other comprehensive income (loss)	31	7	39	15
Less: Reclassification adjustment for gains (losses) included in net income	12	6	15	9
Changes in fair value of cash flow hedges	19	1	24	6
Other comprehensive income (loss), net of tax	(103)	109	5	303
Comprehensive income	1,160	1,556	2,402	3,198
Less: Comprehensive income attributable to the noncontrolling interest	(5)	17	(5)	39
Comprehensive income attributable to Honeywell	$ 1,165	$ 1,539	$ 2,407	$ 3,159

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE


	Three Months Ended June 30,						Six Months Ended June 30,
Basic	2022			2021			2022			2021
Net income attributable to Honeywell		$	1,261		$	1,430		$	2,395		$	2,857
Weighted average shares outstanding		679.0			693.8			681.8			695.0
Earnings per share of common stock - basic		$	1.86		$	2.06		$	3.51		$	4.11


	Three Months Ended June 30,						Six Months Ended June 30,
Assuming Dilution	2022			2021			2022			2021
Net income attributable to Honeywell		$	1,261		$	1,430		$	2,395		$	2,857
Average Shares
Weighted average shares outstanding		679.0			693.8			681.8			695.0
Dilutive securities issuable - stock plans		6.0			8.7			6.3			8.5
Total weighted average diluted shares outstanding		685.0			702.5			688.1			703.5
Earnings per share of common stock - assuming dilution		$	1.84		$	2.04		$	3.48		$	4.06

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 six months ended June 30, 2022, the weighted average number of stock options excluded from the computations were 5.6 million and 3.4 million, respectively. For the three and six months ended June 30, 2021, the weighted average number of stock options excluded from the computations were 1.9 million and 1.4 million, respectively.

As of June 30, 2022 and 2021, the total shares outstanding were 673.7 million and 690.4 million, respectively, and as of June 30, 2022 and 2021, total shares issued were 957.6 million.

LONG-TERM DEBT AND CREDIT AGREEMENTS

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

LONG-TERM DEBT AND CREDIT AGREEMENTS


	June 30, 2022			December 31, 2021



0.483% notes due 2022		$	500		$	500
2.15% notes due 2022		600			600
Floating rate notes due 2022		600			600
1.30% Euro notes due 2023		1,304			1,416
3.35% notes due 2023		300			300
0.00% Euro notes due 2024		522			566
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			1,000
2.25% Euro notes due 2028		783			849
2.70% notes due 2029		750			750
1.95% notes due 2030		1,000			1,000
1.75% notes due 2031		1,500			1,500
0.75% Euro notes due 2032		522			566
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), 8.7% weighted average interest rate maturing at various dates through 2027		123			332
Debt issuance costs		(203)			(211)
		15,590			16,057
Less-current portion		(3,099)			(1,803)
		$	12,491		$	14,254

On March 24, 2022, 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 March 31, 2021. 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 March 31, 2021, which was terminated in accordance with its terms effective March 24, 2022. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 23, 2023, 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 23, 2024, 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.

As of June 30, 2022, 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

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+ Details

CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net sales	$ 8,953	$ 8,808	$ 17,329	$ 17,262
Costs, expenses and other
Costs of products and services sold	6,046	6,003	11,720	11,712
Selling, general and administrative expenses	1,306	1,207	2,737	2,443
Other (income) expense	(190)	(366)	(509)	(808)
Interest and other financial charges	87	83	172	173
Costs, expenses and other	7,249	6,927	14,120	13,520
Income before taxes	1,704	1,881	3,209	3,742
Tax expense	441	434	812	847
Net income	1,263	1,447	2,397	2,895
Less: Net income attributable to the noncontrolling interest	2	17	2	38
Net income attributable to Honeywell	$ 1,261	$ 1,430	$ 2,395	$ 2,857
Earnings per share of common stock - basic (in dollars per share)	$ 1.86	$ 2.06	$ 3.51	$ 4.11
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 1.84	$ 2.04	$ 3.48	$ 4.06
Product
Net sales	$ 6,684	$ 6,639	$ 12,816	$ 13,048
Costs, expenses and other
Costs of products and services sold	4,673	4,734	9,046	9,285
Service
Net sales	2,269	2,169	4,513	4,214
Costs, expenses and other
Costs of products and services sold	$ 1,373	$ 1,269	$ 2,674	$ 2,427

SEGMENT FINANCIAL DATA (Details) $ in Millions	3 Months Ended		6 Months Ended
SEGMENT FINANCIAL DATA (Details) $ in Millions	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| segment			4
Net sales	$ 8,953	$ 8,808	$ 17,329	$ 17,262
Total segment profit	1,867	1,793	3,633	3,568
Interest and other financial charges	(87)	(83)	(172)	(173)
Repositioning and other charges	(227)	(101)	(614)	(242)
Income before taxes	1,704	1,881	3,209	3,742
Product
Segment Reporting Information [Line Items]
Net sales	6,684	6,639	12,816	13,048
Service
Segment Reporting Information [Line Items]
Net sales	2,269	2,169	4,513	4,214
Corporate and All Other
Segment Reporting Information [Line Items]
Net sales	1	0	2	0
Total segment profit	(92)	(54)	(178)	(83)
Repositioning and other charges	(86)	(32)	(152)	(78)
Corporate and All Other \| Service
Segment Reporting Information [Line Items]
Net sales	1	0	2	0
Segment Reconciling Items
Segment Reporting Information [Line Items]
Interest and other financial charges	(87)	(83)	(172)	(173)
Stock compensation expense	(53)	(39)	(113)	(116)
Repositioning and other charges	(227)	(101)	(614)	(242)
Other	(56)	21	(46)	122
Income before taxes	1,704	1,881	3,209	3,742
Segment Reconciling Items \| Pension Plan
Segment Reporting Information [Line Items]
Pension ongoing income	250	272	501	548
Segment Reconciling Items \| Other Postretirement Benefits Plan
Segment Reporting Information [Line Items]
Pension ongoing income	10	18	20	35
Aerospace
Segment Reporting Information [Line Items]
Net sales	2,898	2,766
Aerospace \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,898	2,766	5,647	5,398
Total segment profit	767	710	1,520	1,472
Repositioning and other charges	(15)	(9)	(36)	(57)
Aerospace \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,574	1,571	3,035	3,086
Aerospace \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	1,324	1,195	2,612	2,312
Honeywell Building Technologies
Segment Reporting Information [Line Items]
Net sales	1,531	1,407
Honeywell Building Technologies \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,531	1,407	2,960	2,765
Total segment profit	360	315	696	620
Repositioning and other charges	(23)	1	(37)	(4)
Honeywell Building Technologies \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,179	1,042	2,261	2,051
Honeywell Building Technologies \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	352	365	699	714
Performance Materials and Technologies
Segment Reporting Information [Line Items]
Net sales	2,694	2,552
Performance Materials and Technologies \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,694	2,552	5,147	4,898
Total segment profit	601	530	1,111	964
Repositioning and other charges	(88)	(2)	(247)	(7)
Performance Materials and Technologies \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	2,210	2,055	4,166	3,924
Performance Materials and Technologies \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	484	497	981	974
Safety and Productivity Solutions
Segment Reporting Information [Line Items]
Net sales	1,829	2,083
Safety and Productivity Solutions \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,829	2,083	3,573	4,201
Total segment profit	231	292	484	595
Repositioning and other charges	(15)	(59)	(142)	(96)
Safety and Productivity Solutions \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,721	1,971	3,354	3,987
Safety and Productivity Solutions \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	$ 108	$ 112	$ 219	$ 214

LONG-TERM DEBT AND CREDIT AGREEMENTS - Schedule (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt issuance costs	$ (203,000,000)	$ (211,000,000)
Total long-term debt, including current portion	15,590,000,000	16,057,000,000
Less-current portion	(3,099,000,000)	(1,803,000,000)
Noncurrent portion	12,491,000,000	14,254,000,000
0.483% notes due 2022
Debt Instrument [Line Items]
Senior notes	$ 500,000,000	500,000,000
Interest rate	0.483%
2.15% notes due 2022
Debt Instrument [Line Items]
Senior notes	$ 600,000,000	600,000,000
Interest rate	2.15%
Floating rate notes due 2022
Debt Instrument [Line Items]
Senior notes	$ 600,000,000	600,000,000
1.30% Euro notes due 2023
Debt Instrument [Line Items]
Senior notes	$ 1,304,000,000	1,416,000,000
Interest rate	1.30%
3.35% notes due 2023
Debt Instrument [Line Items]
Senior notes	$ 300,000,000	300,000,000
Interest rate	3.35%
0.00% Euro notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 522,000,000	566,000,000
Interest rate	0.00%
2.30% notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 750,000,000	750,000,000
Interest rate	2.30%
1.35% notes due 2025
Debt Instrument [Line Items]
Senior notes	$ 1,250,000,000	1,250,000,000
Interest rate	1.35%
2.50% notes due 2026
Debt Instrument [Line Items]
Senior notes	$ 1,500,000,000	1,500,000,000
Interest rate	2.50%
1.10% notes due 2027
Debt Instrument [Line Items]
Senior notes	$ 1,000,000,000	1,000,000,000
Interest rate	1.10%
2.25% Euro notes due 2028
Debt Instrument [Line Items]
Senior notes	$ 783,000,000	849,000,000
Interest rate	2.25%
2.70% notes due 2029
Debt Instrument [Line Items]
Senior notes	$ 750,000,000	750,000,000
Interest rate	2.70%
1.95% notes due 2030
Debt Instrument [Line Items]
Senior notes	$ 1,000,000,000	1,000,000,000
Interest rate	1.95%
1.75% notes due 2031
Debt Instrument [Line Items]
Senior notes	$ 1,500,000,000	1,500,000,000
Interest rate	1.75%
0.75% Euro notes due 2032
Debt Instrument [Line Items]
Senior notes	$ 522,000,000	566,000,000
Interest rate	0.75%
5.70% notes due 2036
Debt Instrument [Line Items]
Senior notes	$ 441,000,000	441,000,000
Interest rate	5.70%
5.70% notes due 2037
Debt Instrument [Line Items]
Senior notes	$ 462,000,000	462,000,000
Interest rate	5.70%
5.375% notes due 2041
Debt Instrument [Line Items]
Senior notes	$ 417,000,000	417,000,000
Interest rate	5.375%
3.812% notes due 2047
Debt Instrument [Line Items]
Senior notes	$ 445,000,000	445,000,000
Interest rate	3.812%
2.80% notes due 2050
Debt Instrument [Line Items]
Senior notes	$ 750,000,000	750,000,000
Interest rate	2.80%
Industrial development bond obligations, floating rate maturing at various dates through 2037
Debt Instrument [Line Items]
Industrial development bond	$ 22,000,000	22,000,000
6.625% debentures due 2028
Debt Instrument [Line Items]
Debentures	$ 201,000,000	201,000,000
Interest rate	6.625%
9.065% debentures due 2033
Debt Instrument [Line Items]
Debentures	$ 51,000,000	51,000,000
Interest rate	9.065%
Other (including capitalized leases), 8.7% weighted average interest rate maturing at various dates through 2027
Debt Instrument [Line Items]
Other	$ 123,000,000	$ 332,000,000
Weighted average interest rate	8.70%

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Location and Impact to Consolidated Statement of Operations Related to Derivative Instruments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	$ 8,953,000,000	$ 8,808,000,000	$ 17,329,000,000	$ 17,262,000,000
Costs of products and services sold	6,046,000,000	6,003,000,000	11,720,000,000	11,712,000,000
Selling, general and administrative expenses	1,306,000,000	1,207,000,000	2,737,000,000	2,443,000,000
Other (income) expense	(190,000,000)	(366,000,000)	(509,000,000)	(808,000,000)
Interest and Other Financial Charges	87,000,000	83,000,000	172,000,000	173,000,000
Foreign currency exchange contracts \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0	0	0
Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0
Foreign currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0	0	0
Foreign currency exchange contracts \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	281,000,000	(71,000,000)	347,000,000	(11,000,000)
Foreign currency exchange contracts \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Foreign currency exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	31,000,000	14,000,000	31,000,000	12,000,000
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on cash flow hedges \| Foreign currency exchange contracts \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	2,000,000	1,000,000	3,000,000	2,000,000
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on cash flow hedges \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	11,000,000	2,000,000
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on cash flow hedges \| Foreign currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	(1,000,000)	2,000,000	0	4,000,000
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on cash flow hedges \| Foreign currency exchange contracts \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on cash flow hedges \| Foreign currency exchange contracts \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0
Derivatives designated as hedges	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	31,000,000	(14,000,000)	168,000,000	80,000,000
Derivatives designated as hedges	(31,000,000)	14,000,000	(168,000,000)	(80,000,000)
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	3,000,000	4,000,000	7,000,000	8,000,000
Derivatives in Fair Value Hedging Relationships: \| Euro denominated long-term debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	184,000,000	(15,000,000)	267,000,000	135,000,000
Derivatives in Fair Value Hedging Relationships: \| Net Investment Euro Denominated Commercial Paper
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	36,000,000	(3,000,000)	53,000,000	27,000,000
Derivatives in Fair Value Hedging Relationships: \| Net Investment Cross Currency Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	63,000,000	(16,000,000)	80,000,000	28,000,000
Product
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	6,684,000,000	6,639,000,000	12,816,000,000	13,048,000,000
Costs of products and services sold	4,673,000,000	4,734,000,000	9,046,000,000	9,285,000,000
Product \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments			0	0
Product \| Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on cash flow hedges \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income			12,000,000	3,000,000
Product \| Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items			0	0
Derivatives designated as hedges			0	0
Product \| Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach			0	0
Service
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	2,269,000,000	2,169,000,000	4,513,000,000	4,214,000,000
Costs of products and services sold	1,373,000,000	1,269,000,000	2,674,000,000	2,427,000,000
Service \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0	0	0
Service \| Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on cash flow hedges \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	3,000,000	1,000,000	3,000,000	1,000,000
Service \| Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Service \| Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	$ 0	$ 0	$ 0	$ 0

REPOSITIONING AND OTHER CHARGES - Pretax Impact of Total net Repositioning and Other Charges by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	$ 227	$ 101	$ 614	$ 242
Corporate and All Other
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	86	32	152	78
Aerospace \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	15	9	36	57
Honeywell Building Technologies \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	23	(1)	37	4
Performance Materials and Technologies \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	88	2	247	7
Safety and Productivity Solutions \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	$ 15	$ 59	$ 142	$ 96

REPOSITIONING AND OTHER CHARGES

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

REPOSITIONING AND OTHER CHARGES

A summary of repositioning and other charges follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Severance		$	25		$	32		$	32		$	60
Asset impairments		25			45			148			87
Exit costs		41			15			58			64
Reserve adjustments		(37)			(22)			(52)			(21)
Total net repositioning charge		54			70			186			190
Asbestos related litigation charges, net of insurance and reimbursements		40			23			86			44
Probable and reasonably estimable environmental liabilities, net of reimbursements		2			6			16			11
Other		131			2			326			(3)
Total net repositioning and other charges		$	227		$	101		$	614		$	242

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


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Cost of products and services sold		$	145		$	87		$	344		$	185
Selling, general and administrative expenses		25			14			213			57
Other (income) expense		57			—			57			—
		$	227		$	101		$	614		$	242


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Aerospace		$	15		$	9		$	36		$	57
Honeywell Building Technologies		23			(1)			37			4
Performance Materials and Technologies		88			2			247			7
Safety and Productivity Solutions		15			59			142			96
Corporate and All Other		86			32			152			78
		$	227		$	101		$	614		$	242

In the three months ended June 30, 2022, the Company recognized gross repositioning charges totaling $91 million, including severance costs of $25 million related to workforce reductions of 468 manufacturing and administrative positions primarily in our Safety and Productivity Solutions segment. The workforce reductions were primarily related to our productivity and ongoing functional transformation initiatives. The repositioning charge included asset impairments of $25 million related to the write-down of certain manufacturing equipment. The repositioning charge also included exit costs of $41 million primarily related to current period exit costs incurred for new and previously approved repositioning projects and closure obligations associated with site transitions in our Performance Materials and Technologies and Aerospace segments. Also, $37 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 three months ended June 30, 2021, the Company recognized gross repositioning charges totaling $92 million, including severance costs of $32 related to workforce reductions of 3,628 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 $45 million primarily related to the write-down of certain manufacturing equipment. The repositioning charge also included exit costs of $15 million primarily for current period exit costs incurred for previously approved repositioning projects. Also, $22 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 six months ended June 30, 2022, the Company recognized gross repositioning charges totaling $238 million primarily related to closing and relocating the production of certain respiratory manufacturing from a U.S.-based facility to a non-U.S facility in our Safety Productivity and Solutions segment, productivity and ongoing functional transformation initiatives, and other site transitions. The repositioning charge included asset impairments of $148 million related to the write-down of certain manufacturing equipment. The repositioning charge included exit costs of $58 million primarily related to current period exit costs incurred for new and previously approved repositioning projects and closure obligations associated with site transitions in our Performance Materials and Technologies and Aerospace segments. The repositioning charge also included severance costs of $32 million related to workforce reductions of 1,664 manufacturing and administrative positions across our segments. The workforce reductions were primarily related to cost savings actions taken in connection with our productivity and ongoing functional transformation initiatives and to site transitions to more cost-effective locations. Also, $52 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 six months ended June 30, 2021, the Company recognized gross repositioning charges totaling $211 million including severance costs of $60 million related to workforce reductions of 4,649 manufacturing and administrative positions mainly in the Company's 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 $87 million primarily related to the write-down of certain manufacturing and other equipment. The repositioning charge included exit costs of $64 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, $21 million of previously established reserves, primarily for severance, were returned to income due to adjustments to the scope of previously announced repositioning actions.

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


	Severance Costs			Asset Impairments			Exit Costs			Total
Balance at December 31, 2021		$	289		$	—		$	122		$	411
Charges		32			148			58			238
Usage - cash		(79)			—			(78)			(157)
Usage - noncash		—			(140)			—			(140)
Foreign currency translation		4			—			—			4
Adjustments		(38)			(8)			(6)			(52)
Balance at June 30, 2022		$	208		$	—		$	96		$	304

Certain repositioning projects will recognize exit costs in future periods when the actual liability is incurred. Such exit costs incurred in the six months ended June 30, 2022 and 2021, were $31 million and $20 million, respectively.

During the three and six months ended June 30, 2022, the Company recognized Other charges of $124 million and $307 million, respectively. The Other charges included costs related to the initial suspension of substantially all of our sales, distribution and service activities in Russian and Belarus (the Suspension) and the Company’s plan to wind down existing businesses and operations in Russia due to the ongoing Russia-Ukraine conflict (the Wind down). Through the Wind down of our businesses and operations, we will seek to collect outstanding accounts receivables, liquidate our inventory and fixed assets, negotiate and settle existing contractual obligations, trade payables and guarantees, and terminate and payout severance to impacted employees.

Other charges include costs recorded by all segments, with the most significant impact within the Performance Materials and Technologies segment. The Other charges include costs recorded in Cost of products sold, Selling, general and administrative expenses, or Other (income) expense on the Consolidated Statement of Operations, based on the nature of each specific charge or accrual of reserve. For the three months ended June 30, 2022, Cost of products and services sold includes $60 million primarily related to inventory reserves and the write-down of other assets, Selling, general and administrative includes $7 million primarily related to employee severance, and Other (income) expense includes $57 million related to foreign exchange revaluation on an intercompany loan with a Russian affiliate and impairment of property, plant and equipment. For the six months ended June 30, 2022, Cost of products and services sold includes $60 million primarily related to inventory reserves and the write-down of other assets, Selling, general and administrative includes $190 million primarily related to reserves against outstanding accounts receivable and contract assets, impairment of intangible assets, the write-down of other assets, and employee severance, and Other (income) expense includes $57 million related to foreign exchange revaluation on an intercompany loan with a Russian affiliate and impairment of property, plant and equipment. For the three and six months ended June 30, 2022, the Other charges does not include a $2 million tax valuation allowance recorded to Tax expense on the Consolidated Statement of Operations, directly attributable to our Wind down of businesses and operations in Russia.

Given the uncertainty inherent in our remaining obligations related to our contracts with Russian counterparties, we do not believe it is possible to develop estimates of reasonably possible loss in excess of current accruals for these matters (other than as specifically set forth above). Based on available information to date, the Company’s estimate of potential future losses or other contingencies related to Suspension and Wind down activities, including any guarantee payments or any litigation costs or as otherwise related to our Wind down in Russia, could adversely affect the Company's consolidated results of operations in the periods recognized but would not be material with respect to the Company's consolidated financial position. See Note 14 Commitments and Contingencies for a discussion of the recognition and measurement of estimate for contingencies.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of the Company are set forth in Note 1 to the Company's Consolidated Financial Statements contained in the Company’s 2021 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 the Company's Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which 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. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, to expand the scope of this guidance to include derivatives. 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 will apply the guidance to impacted transactions during the transition period. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers. This ASU should be applied prospectively to acquisitions occurring on or after the effective date of December 15, 2022, and early adoption is permitted. The Company adopted this guidance on January 1, 2022. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements.

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

ENVIRONMENTAL MATTERS

Honeywell's environmental matters are described in Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements in the Company's 2021 Annual Report on Form 10-K.

The following table summarizes information concerning the Company's recorded liabilities for environmental costs:


Balance at December 31, 2021	$	618
Accruals for environmental matters deemed probable and reasonably estimable	107
Environmental liability payments	(58)

Balance at June 30, 2022	$	667

Environmental liabilities are included in the following balance sheet accounts:


	June 30, 2022			December 31, 2021
Accrued liabilities		$	218		$	225
Other liabilities		449			393
		$	667		$	618

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 the Company's consolidated results of operations and operating cash flows in the periods recognized or paid. However, considering the Company's 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 $70 million in the three and six months ended June 30, 2022, 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 six months ended June 30, 2022, was $86 million. As of June 30, 2022, Other current assets and Other assets included $140 million and $473 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, 2021		$	1,372		$	689		$	2,061
Accrual for update to estimated liability		31			34			65
Change in estimated cost of future claims		15			—			15
Asbestos-related liability payments		(100)			(25)			(125)
June 30, 2022		$	1,318		$	698		$	2,016

INSURANCE RECOVERIES FOR ASBESTOS-RELATED LIABILITIES


	Bendix			NARCO			Total
December 31, 2021		$	142		$	221		$	363

Insurance receipts for asbestos-related liabilities		(4)			(46)			(50)

June 30, 2022		$	138		$	175		$	313

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


	June 30, 2022			December 31, 2021
Other current assets		$	41		$	41
Insurance recoveries for asbestos-related liabilities		272			322
		$	313		$	363
Accrued liabilities		$	236		$	261
Asbestos-related liabilities		1,780			1,800
		$	2,016		$	2,061

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 the Company’s funding obligation, subject to an annual cap of $145 million, is triggered. The Trust received dividend payments from HWI in 2021 and 2022. 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.

The operating rules per the TDP define 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 consistently raised with the Trust concern that the Trust adopted an improper practice of paying claimants who have not demonstrated the requisite exposure. The Trust refused to alter its practices for payment of claims, and in September 2021, Honeywell filed suit against the Trust in the United States Bankruptcy Court for the Western District of Pennsylvania (Bankruptcy Court) alleging that the Trust has breached its duties in managing the Trust, including breaches of certain provisions of the TA and TDP. Honeywell's lawsuit seeks appropriate relief preventing the Trust from continuing these practices. The Trust also filed suit against Honeywell, alleging Honeywell has breached its obligations under the Trust's governing documents. Honeywell moved to dismiss the Trust’s suit, and on December 15, 2021, the Bankruptcy Court granted Honeywell’s motion to dismiss subject to granting the Trust leave to file an amended complaint. On December 28, 2021, the Trust filed an answer with counterclaims in response to Honeywell’s complaint and in lieu of filing an amended complaint. The Bankruptcy Court conducted a trial on these matters during May 2022; the Bankruptcy Court's ruling is pending. At this time, the Company cannot predict the outcome of these matters, or the potential impact on the asbestos-related liabilities.

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.

Beginning in 2020, with three years of sufficiently reliable claims data, the Company updated its estimate of the NARCO asbestos-related liability. The estimate for the resolution of asserted Annual Contribution Claims and Pre-Established Unliquidated Claims uses average payment values for the relevant historical period. The estimate for unasserted claims 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 utilizes an asbestos liability valuation specialist to support the preparation of the NARCO asbestos-related liability estimates during the fourth quarter each year. The Company's estimates, which involve significant management judgment, and consider multiple scenarios, include 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. The Company's judgments related to the Company's 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:


	Six Months Ended June 30,		Years Ended December 31,
Claims Activity	2022		2021		2020
Claims unresolved at the beginning of period		6,401		6,242		6,480
Claims filed		1,078		2,611		2,233
Claims resolved		(1,467)		(2,452)		(2,471)
Claims unresolved at the end of period		6,012		6,401		6,242


	June 30,		December 31,
Disease Distribution of Unresolved Claims	2022		2021		2020
Mesothelioma and other cancer claims		3,413		3,760		3,422
Nonmalignant claims		2,599		2,641		2,820
Total claims		6,012		6,401		6,242

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


	Years Ended December 31,
	2021			2020			2019			2018			2017
	(in whole dollars)
Malignant claims		$	56,000		$	61,500		$	50,200		$	55,300		$	56,000
Nonmalignant claims		$	400		$	550		$	3,900		$	4,700		$	2,800

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 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 the Company's 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 the Company's analysis of the underlying insurance policies, historical experience with insurers, ongoing review of the solvency of insurers, judicial determinations relevant to insurance programs, and consideration of the impacts of any settlements reached with the Company's insurers.

On October 31, 2018, David Kanefsky (Plaintiff), a Honeywell shareholder, filed a putative class action complaint in the U.S. District Court for the District of New Jersey (the Court) 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, the Company filed a Motion to Dismiss. On May 18, 2020, the Court denied the Motion to Dismiss. On December 7, 2021, the parties filed a Stipulation of Settlement (Settlement Agreement) and Plaintiff filed a motion for preliminary approval of the Settlement Agreement, which included payment by Honeywell of $10 million to settle the claims in dispute. On January 18, 2022, the Court approved the motion for preliminary approval of the Settlement Agreement. On May 3, 2022, the Court entered a final judgment and order approving the Settlement Agreement and dismissed the action. Honeywell continues to believe the claims lacked merit and has denied wrongdoing as well as any liability for the claims made against Honeywell in the action.

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 the Company's 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). The Company recognizes liabilities for any contingency that is probable of occurrence and reasonably estimable. The Company continually assesses 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 – The Company continues to cooperate with investigations by the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and the Brazilian authorities relating to the Company's use of third parties who previously worked for the Company's 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 (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. The Company continues 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 the Company will reach a resolution with such authorities or as to the potential timing, terms, or collateral consequences of any such resolution. As a result, the Company cannot predict the ultimate outcome of these UOP Matters or the potential impact on the Company. Based on available information to date, the Company estimates that a potential comprehensive resolution of these UOP Matters would result in a probable loss of approximately $210 million. During 2021, the Company recorded a charge of $160 million related to these UOP Matters in the Company's Consolidated Statement of Operations, and accrued a corresponding liability on the Consolidated Balance Sheet. Based on ongoing discussions with the authorities, during the three months ended June 30, 2022, the Company recorded an additional $50 million related to these UOP Matters in the Company's Consolidated Statement of Operations, and 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 the Company's consolidated financial statements. Based on available information to date, the Company does not expect that any such difference would be material with respect to the Company's consolidated financial position.

Given the uncertainty inherent in litigation and investigations, the Company does 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 the Company's past experience and existing accruals, the Company does not expect the outcome of such matters, either individually or in the aggregate, to have a material adverse effect on the Company's 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 the Company to pay damage awards or settlements (or become subject to equitable remedies) that could have a material adverse effect on the Company's consolidated results of operations or operating cash flows in the periods recognized or paid.

REPOSITIONING AND OTHER CHARGES - Repositioning and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	$ 54	$ 70	$ 186	$ 190
Asbestos related litigation charges, net of insurance and reimbursements	40	23	86	44
Probable and reasonably estimable environmental liabilities, net of reimbursements	2	6	16	11
Other	131	2	326	(3)
Total net repositioning and other charges	227	101	614	242
Severance
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	25	32	32	60
Asset impairments
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	25	45	148	87
Exit costs
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	41	15	58	64
Reserve adjustments
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	$ (37)	$ (22)	$ (52)	$ (21)

REPOSITIONING AND OTHER CHARGES - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) employee	Jun. 30, 2021 USD ($) employee	Jun. 30, 2022 USD ($) employee	Jun. 30, 2021 USD ($) employee
Restructuring Cost and Reserve [Line Items]
Charges	$ 91	$ 92	$ 238	$ 211
Restructuring costs (returned to income)	$ 54	$ 70	$ 186	$ 190
Number of employees severed \| employee	468	3,628	1,664	4,649
Reserves against outstanding accounts receivables, contract assets and impairments of other assets	$ 227	$ 101	$ 614	$ 242
Other charges	(190)	(366)	(509)	(808)
Tax valuation allowance adjustment	2		2
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Reserves against outstanding accounts receivables, contract assets and impairments of other assets	25	14	213	57
Cost of products and services sold
Restructuring Cost and Reserve [Line Items]
Reserves against outstanding accounts receivables, contract assets and impairments of other assets	145	87	344	185
Russia and Ukraine Conflict
Restructuring Cost and Reserve [Line Items]
Other charges	(124)		(307)
Russia and Ukraine Conflict \| Cost of products and services sold
Restructuring Cost and Reserve [Line Items]
Other charges	60		60
Russia and Ukraine Conflict \| Other
Restructuring Cost and Reserve [Line Items]
Other charges	57		57
Severance
Restructuring Cost and Reserve [Line Items]
Charges			32
Restructuring costs (returned to income)	25	32	32	60
Severance \| Russia and Ukraine Conflict \| Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Other charges	7
Asset impairments
Restructuring Cost and Reserve [Line Items]
Charges			148
Restructuring costs (returned to income)	25	45	148	87
Exit costs
Restructuring Cost and Reserve [Line Items]
Charges			58
Restructuring costs (returned to income)	41	15	58	64
Restructuring costs incurred to date	31	20	31	20
Reserve adjustments
Restructuring Cost and Reserve [Line Items]
Restructuring costs (returned to income)	$ (37)	$ (22)	(52)	$ (21)
Contract adjustments, impairment of other assets and employee severance \| Russia and Ukraine Conflict \| Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Other charges			$ 190

CONSOLIDATED STATEMENT OF SHAREOWNERS' EQUITY (unaudited) - USD ($) shares in Millions	Total	Common stock, par value	Additional paid-in capital	Treasury stock	Retained earnings	Accumulated other comprehensive income (loss)	Noncontrolling interest
Beginning balance at Dec. 31, 2020			$ 7,292,000,000	$ (27,229,000,000)	$ 39,905,000,000	$ (3,377,000,000)	$ 241,000,000
Treasury stock, beginning balance (in shares) at Dec. 31, 2020				(260.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(8.6)
Reacquired stock or repurchases of common stock				$ (1,849,000,000)
Issued for employee savings and option plans (in shares)				2.2
Issued for employee savings and option plans			158,000,000	$ 100,000,000
Stock-based compensation expense			116,000,000
Net income attributable to Honeywell	$ 2,857,000,000				2,857,000,000
Dividends on common stock					(1,295,000,000)
Acquisitions, divestitures, and other							5,000,000
Net income attributable to noncontrolling interest	(38,000,000)						38,000,000
Foreign exchange translation adjustment	343,000,000					342,000,000	1,000,000
Pension and other postretirement benefit adjustments	(43,000,000)					(43,000,000)
Changes in fair value of available for sale investments						(3,000,000)
Changes in fair value of cash flow hedges	6,000,000					6,000,000
Dividends paid							(25,000,000)
Contributions from noncontrolling interest holders							4,000,000
Treasury stock, ending balance (in shares) at Jun. 30, 2021				(267.2)
Ending balance at Jun. 30, 2021	$ 18,202,000,000	$ 958,000,000	7,566,000,000	$ (28,978,000,000)	41,467,000,000	(3,075,000,000)	264,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 1.860
Beginning balance at Mar. 31, 2021			7,505,000,000	$ (27,975,000,000)	40,682,000,000	(3,184,000,000)	266,000,000
Treasury stock, beginning balance (in shares) at Mar. 31, 2021				(263.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(4.6)
Reacquired stock or repurchases of common stock				$ (1,027,000,000)
Issued for employee savings and option plans (in shares)				0.4
Issued for employee savings and option plans			22,000,000	$ 24,000,000
Stock-based compensation expense			39,000,000
Net income attributable to Honeywell	$ 1,430,000,000				1,430,000,000
Dividends on common stock					(645,000,000)
Acquisitions, divestitures, and other							5,000,000
Net income attributable to noncontrolling interest	(17,000,000)						17,000,000
Foreign exchange translation adjustment	129,000,000					129,000,000
Pension and other postretirement benefit adjustments	(21,000,000)					(21,000,000)
Changes in fair value of cash flow hedges	1,000,000					1,000,000
Dividends paid							(24,000,000)
Treasury stock, ending balance (in shares) at Jun. 30, 2021				(267.2)
Ending balance at Jun. 30, 2021	$ 18,202,000,000	$ 958,000,000	7,566,000,000	$ (28,978,000,000)	41,467,000,000	(3,075,000,000)	264,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 0.930
Common stock, par value (in shares)	957.6	957.6
Total shareowners' equity (in shares)	690.4
Beginning balance at Dec. 31, 2021	$ 19,242,000,000		8,141,000,000	$ (30,462,000,000)	42,827,000,000	(2,895,000,000)	673,000,000
Treasury stock, beginning balance (in shares) at Dec. 31, 2021				(272.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(13.0)
Reacquired stock or repurchases of common stock				$ (2,437,000,000)
Issued for employee savings and option plans (in shares)				1.9
Issued for employee savings and option plans			134,000,000	$ 85,000,000
Stock-based compensation expense			122,000,000
Net income attributable to Honeywell	2,395,000,000				2,395,000,000
Dividends on common stock					(1,339,000,000)
Net income attributable to noncontrolling interest	(2,000,000)						2,000,000
Foreign exchange translation adjustment	24,000,000					31,000,000	(7,000,000)
Pension and other postretirement benefit adjustments	(34,000,000)					(34,000,000)
Changes in fair value of available for sale investments						(9,000,000)
Changes in fair value of cash flow hedges	24,000,000					24,000,000
Dividends paid							(33,000,000)
Contributions from noncontrolling interest holders							14,000,000
Treasury stock, ending balance (in shares) at Jun. 30, 2022				(283.9)
Ending balance at Jun. 30, 2022	$ 18,190,000,000	$ 958,000,000	8,397,000,000	$ (32,814,000,000)	43,883,000,000	(2,883,000,000)	649,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 1.960
Beginning balance at Mar. 31, 2022			8,326,000,000	$ (31,420,000,000)	43,288,000,000	(2,787,000,000)	686,000,000
Treasury stock, beginning balance (in shares) at Mar. 31, 2022				(276.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(7.5)
Reacquired stock or repurchases of common stock				$ (1,419,000,000)
Issued for employee savings and option plans (in shares)				0.5
Issued for employee savings and option plans			18,000,000	$ 25,000,000
Stock-based compensation expense			53,000,000
Net income attributable to Honeywell	$ 1,261,000,000				1,261,000,000
Dividends on common stock					(666,000,000)
Net income attributable to noncontrolling interest	(2,000,000)						2,000,000
Foreign exchange translation adjustment	(102,000,000)					(95,000,000)	(7,000,000)
Pension and other postretirement benefit adjustments	(17,000,000)					(17,000,000)
Changes in fair value of available for sale investments						(3,000,000)
Changes in fair value of cash flow hedges	19,000,000					19,000,000
Dividends paid							(32,000,000)
Treasury stock, ending balance (in shares) at Jun. 30, 2022				(283.9)
Ending balance at Jun. 30, 2022	$ 18,190,000,000	$ 958,000,000	$ 8,397,000,000	$ (32,814,000,000)	$ 43,883,000,000	$ (2,883,000,000)	$ 649,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 0.980
Common stock, par value (in shares)	957.6	957.6
Total shareowners' equity (in shares)	673.7

LEASES (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Lease Cost Information

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30,
		2022	2021
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases				$	64	$	243
Finance leases				28		8

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:


	June 30, 2022			December 31, 2021
Operating leases
Other assets		$	908		$	947
Accrued liabilities		200			185
Other liabilities		798			847
Total operating lease liabilities		$	998		$	1,032
Financing leases
Property, plant and equipment		$	322		$	325
Accumulated depreciation		(160)			(177)
Property, plant and equipment - net		$	162		$	148
Current maturities of long-term debt		64			57
Long-term debt		102			99
Total financing lease liabilities		$	166		$	156

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 19,242
Other comprehensive income (loss) before reclassifications	64	$ 357
Amounts reclassified from accumulated other comprehensive income	(52)	(55)
Net current period other comprehensive income (loss)	12	302
Ending balance	18,190	18,202
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2,895)	(3,377)
Ending balance	(2,883)	(3,075)
Foreign Exchange Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2,478)	(2,780)
Other comprehensive income (loss) before reclassifications	34	345
Amounts reclassified from accumulated other comprehensive income	(3)	(3)
Net current period other comprehensive income (loss)	31	342
Ending balance	(2,447)	(2,438)
Pension and Other Postretirement Benefits Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(415)	(601)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income	(34)	(43)
Net current period other comprehensive income (loss)	(34)	(43)
Ending balance	(449)	(644)
Changes in Fair Value of Available for Sale Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	1	4
Other comprehensive income (loss) before reclassifications	(9)	(3)
Amounts reclassified from accumulated other comprehensive income	0	0
Net current period other comprehensive income (loss)	(9)	(3)
Ending balance	(8)	1
Changes in Fair Value of Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(3)	0
Other comprehensive income (loss) before reclassifications	39	15
Amounts reclassified from accumulated other comprehensive income	(15)	(9)
Net current period other comprehensive income (loss)	24	6
Ending balance	$ 21	$ 6

FAIR VALUE MEASUREMENTS - Financial Assets and Liabilities Not Carried at Fair Value (Details) - Level 2 - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Carrying Value
Assets:
Short-term investment	$ 0	$ 34
Long-term receivables	156	170
Long-term investment	0	366
Liabilities:
Long-term debt and related current maturities	15,590	16,057
Fair Value
Assets:
Short-term investment	0	34
Long-term receivables	128	152
Long-term investment	0	366
Liabilities:
Long-term debt and related current maturities	$ 18,344	$ 17,022

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2022

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, 2021		$	(2,478)		$	(415)		$	1		$	(3)		$	(2,895)
Other comprehensive income (loss) before reclassifications		34			—			(9)			39			64
Amounts reclassified from accumulated other comprehensive income		(3)			(34)			—			(15)			(52)
Net current period other comprehensive income (loss)		31			(34)			(9)			24			12
Balance at June 30, 2022		$	(2,447)		$	(449)		$	(8)		$	21		$	(2,883)


	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		345			—			(3)			15			357
Amounts reclassified from accumulated other comprehensive income		(3)			(43)			—			(9)			(55)
Net current period other comprehensive income (loss)		342			(43)			(3)			6			302
Balance at June 30, 2021		$	(2,438)		$	(644)		$	1		$	6		$	(3,075)

FAIR VALUE MEASUREMENTS - Assets and Liabilities Accounted for at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Assets:
Fair value asset	$ 677	$ 473
Liabilities:
Fair value liability	491	282
Fair Value Measurements Recurring
Assets:
Total assets	1,281	1,272
Liabilities:
Total liabilities	491	282
Fair Value Measurements Recurring \| Level 1
Assets:
Total assets	94	210
Liabilities:
Total liabilities	0	0
Fair Value Measurements Recurring \| Level 2
Assets:
Total assets	1,187	1,062
Liabilities:
Total liabilities	491	282
Fair Value Measurements Recurring \| Investments in equity securities
Assets:
Investments in equity securities	57	57
Fair Value Measurements Recurring \| Investments in equity securities \| Level 1
Assets:
Investments in equity securities	23	34
Fair Value Measurements Recurring \| Investments in equity securities \| Level 2
Assets:
Investments in equity securities	34	23
Foreign currency exchange contracts \| Fair Value Measurements Recurring
Assets:
Fair value asset	542	374
Liabilities:
Fair value liability	382	282
Foreign currency exchange contracts \| Fair Value Measurements Recurring \| Level 1
Assets:
Fair value asset	0	0
Liabilities:
Fair value liability	0	0
Foreign currency exchange contracts \| Fair Value Measurements Recurring \| Level 2
Assets:
Fair value asset	542	374
Liabilities:
Fair value liability	382	282
Available for sale investments \| Fair Value Measurements Recurring
Assets:
Available for sale investments	547	742
Available for sale investments \| Fair Value Measurements Recurring \| Level 1
Assets:
Available for sale investments	71	176
Available for sale investments \| Fair Value Measurements Recurring \| Level 2
Assets:
Available for sale investments	476	566
Interest rate swap agreements \| Fair Value Measurements Recurring
Assets:
Fair value asset	0	60
Liabilities:
Fair value liability	108	0
Interest rate swap agreements \| Fair Value Measurements Recurring \| Level 1
Assets:
Fair value asset	0	0
Liabilities:
Fair value liability	0	0
Interest rate swap agreements \| Fair Value Measurements Recurring \| Level 2
Assets:
Fair value asset	0	60
Liabilities:
Fair value liability	108	0
Cross currency swap agreements \| Fair Value Measurements Recurring
Assets:
Fair value asset	135	39
Liabilities:
Fair value liability	1
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 1
Assets:
Fair value asset	0	0
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 2
Assets:
Fair value asset	135	39
Liabilities:
Fair value liability	1
Commodity contracts \| Fair Value Measurements Recurring
Liabilities:
Fair value liability		0
Commodity contracts \| Fair Value Measurements Recurring \| Level 1
Liabilities:
Fair value liability	$ 0	0
Commodity contracts \| Fair Value Measurements Recurring \| Level 2
Liabilities:
Fair value liability		$ 0

OTHER (INCOME) EXPENSE (Tables)

6 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

Other (income) expense


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Interest income		$	(20)		$	(23)		$	(40)		$	(42)
Pension ongoing income – non-service		(283)			(309)			(568)			(619)
Other postretirement income – non-service		(10)			(18)			(20)			(35)
Equity income of affiliated companies		(10)			(18)			(24)			(32)

(Gain) loss on sale of non-strategic businesses and assets		—			1			—			(89)
Foreign exchange		22			13			20			18
Expense related to UOP Matters		50			—			50			—
Expense related to Russia-Ukraine Conflict		57			—			57			—
Other (net)		4			(12)			16			(9)
		$	(190)		$	(366)		$	(509)		$	(808)

COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Accrual for Environmental Loss Contingencies [Roll Forward]
Beginning of period		$ 618
Accruals for environmental matters deemed probable and reasonably estimable		107
Environmental liability payments		(58)
End of period	$ 667	667
Loss Contingency, Classification of Accrual [Abstract]
Accrued liabilities	218	218	$ 225
Other liabilities	449	449	393
Total environmental liabilities	$ 667	$ 667	$ 618
Environmental Liabilities \| Resideo
Loss Contingency, Classification of Accrual [Abstract]
Cash payments of annual environmental spending percentage	90.00%	90.00%
Indemnification and reimbursement agreement annual cap	$ 140	$ 140
Indemnification and reimbursement agreement minimum amount	25	25
Reimbursements from indemnification and reimbursement agreement	35	$ 70
Receivable as a percentage of environmental costs incurred		90.00%
Reimbursement receivable indemnification and reimbursement agreement		$ 86
Other current assets, reimbursement agreement	140	140
Other assets, reimbursement agreement	$ 473	$ 473

COMMITMENTS AND CONTINGENCIES - Narrative (Details) $ in Millions	Dec. 07, 2021 USD ($)
Settlement Agreement \| Bendix
Loss Contingency, Narco and Bendix Asbestos Related Balances by Balance Sheet Caption [Line Items]
Accrued liabilities	$ 10

COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Loss Contingency

The following table summarizes information concerning the Company's recorded liabilities for environmental costs:


Balance at December 31, 2021	$	618
Accruals for environmental matters deemed probable and reasonably estimable	107
Environmental liability payments	(58)

Balance at June 30, 2022	$	667

Environmental Liabilities are Included in the Following Balance Sheet Accounts

Environmental liabilities are included in the following balance sheet accounts:


	June 30, 2022			December 31, 2021
Accrued liabilities		$	218		$	225
Other liabilities		449			393
		$	667		$	618

Asbestos Related Liabilities


	Bendix			NARCO			Total
December 31, 2021		$	1,372		$	689		$	2,061
Accrual for update to estimated liability		31			34			65
Change in estimated cost of future claims		15			—			15
Asbestos-related liability payments		(100)			(25)			(125)
June 30, 2022		$	1,318		$	698		$	2,016

Insurance Recoveries for Asbestos Related Liabilities


	Bendix			NARCO			Total
December 31, 2021		$	142		$	221		$	363

Insurance receipts for asbestos-related liabilities		(4)			(46)			(50)

June 30, 2022		$	138		$	175		$	313

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:


	June 30, 2022			December 31, 2021
Other current assets		$	41		$	41
Insurance recoveries for asbestos-related liabilities		272			322
		$	313		$	363
Accrued liabilities		$	236		$	261
Asbestos-related liabilities		1,780			1,800
		$	2,016		$	2,061

Bendix Related Asbestos Claims Activity

The following tables present information regarding Bendix-related asbestos claims activity:


	Six Months Ended June 30,		Years Ended December 31,
Claims Activity	2022		2021		2020
Claims unresolved at the beginning of period		6,401		6,242		6,480
Claims filed		1,078		2,611		2,233
Claims resolved		(1,467)		(2,452)		(2,471)
Claims unresolved at the end of period		6,012		6,401		6,242

Disease Distribution of Claims


	June 30,		December 31,
Disease Distribution of Unresolved Claims	2022		2021		2020
Mesothelioma and other cancer claims		3,413		3,760		3,422
Nonmalignant claims		2,599		2,641		2,820
Total claims		6,012		6,401		6,242

Average Resolution Values per Asbestos Claim

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


	Years Ended December 31,
	2021			2020			2019			2018			2017
	(in whole dollars)
Malignant claims		$	56,000		$	61,500		$	50,200		$	55,300		$	56,000
Nonmalignant claims		$	400		$	550		$	3,900		$	4,700		$	2,800

OTHER (INCOME) EXPENSE (Details) - USD ($)	3 Months Ended		6 Months Ended
OTHER (INCOME) EXPENSE (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Income and Expenses [Line Items]
Interest income	$ (20,000,000)	$ (23,000,000)	$ (40,000,000)	$ (42,000,000)
Equity income of affiliated companies	(10,000,000)	(18,000,000)	(24,000,000)	(32,000,000)
(Gain) loss on sale of non-strategic businesses and assets	0	1,000,000	0	(89,000,000)
Foreign exchange	22,000,000	13,000,000	20,000,000	18,000,000
Expense related to UOP Matters	50,000,000	0	50,000,000	0
Expense related to Russia-Ukraine Conflict	57,000,000	0	57,000,000	0
Other (net)	4,000,000	(12,000,000)	16,000,000	(9,000,000)
Total	(190,000,000)	(366,000,000)	(509,000,000)	(808,000,000)
Pension Plan
Other Income and Expenses [Line Items]
Ongoing income - non-service	(283,000,000)	(309,000,000)	(568,000,000)	(619,000,000)
Other Postretirement Benefits Plan
Other Income and Expenses [Line Items]
Ongoing income - non-service	$ (10,000,000)	$ (18,000,000)	$ (20,000,000)	$ (35,000,000)

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Operating leases
Other assets	$ 908	$ 947
Accrued liabilities	200	185
Other liabilities	798	847
Total operating lease liabilities	998	1,032
Financing leases
Property, plant and equipment	322	325
Accumulated depreciation	(160)	(177)
Property, plant and equipment - net	162	148
Current maturities of long-term debt	64	57
Long-term debt	102	99
Total financing lease liabilities	$ 166	$ 156
Operating lease, right-of-use asset, statement of financial position	Other assets	Other assets
Operating lease, liability, current, statement of financial position	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating lease, liability, noncurrent, statement of financial position	Other liabilities	Other liabilities
Finance lease, right-of-use asset, statement of financial position	Property, plant and equipment - net	Property, plant and equipment - net
Finance lease, liability, current, statement of financial position	Long-Term Debt and Lease Obligation, Current	Long-Term Debt and Lease Obligation, Current
Finance lease, liability, noncurrent, statement of financial position	Noncurrent portion	Noncurrent portion

EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share Basic


	Three Months Ended June 30,						Six Months Ended June 30,
Basic	2022			2021			2022			2021
Net income attributable to Honeywell		$	1,261		$	1,430		$	2,395		$	2,857
Weighted average shares outstanding		679.0			693.8			681.8			695.0
Earnings per share of common stock - basic		$	1.86		$	2.06		$	3.51		$	4.11

Earnings Per Share Diluted


	Three Months Ended June 30,						Six Months Ended June 30,
Assuming Dilution	2022			2021			2022			2021
Net income attributable to Honeywell		$	1,261		$	1,430		$	2,395		$	2,857
Average Shares
Weighted average shares outstanding		679.0			693.8			681.8			695.0
Dilutive securities issuable - stock plans		6.0			8.7			6.3			8.5
Total weighted average diluted shares outstanding		685.0			702.5			688.1			703.5
Earnings per share of common stock - assuming dilution		$	1.84		$	2.04		$	3.48		$	4.06

REPOSITIONING AND OTHER CHARGES - Pretax Distribution of Total Net Repositioning (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	$ 227,000,000	$ 101,000,000	$ 614,000,000	$ 242,000,000
Cost of products and services sold
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	145,000,000	87,000,000	344,000,000	185,000,000
Selling, general and administrative expenses
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	25,000,000	14,000,000	213,000,000	57,000,000
Other (income) expense
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	$ 57,000,000	$ 0	$ 57,000,000	$ 0