0000930413-11-004879 | 10-Q | XBRL Viewer | Honeywell International INC

Financial Instruments and Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2011

Financial Instruments And Fair Value Measures (Tables) [Abstract]

Fair Value Assets and Liabilities on a Recurring Basis

		June 30,		December 31,
		2011		2010
Assets:
Foreign currency exchange contracts	$	56	$	16
Available for sale investments		399		322
Interest rate swap agreements		55		22
Forward commodity contracts		3		2

Liabilities:
Foreign currency exchange contracts	$	48	$	14
Forward commodity contracts		-		2

Fair Value by Balance Sheet Grouping

	June 30, 2011				December 31, 2010
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Assets
Long-term receivables	$	136	$	130	$	203	$	199
Liabilities
Long-term debt and related current maturities	$	7,304	$	7,864	$	6,278	$	6,835

Asset and Liability Derivatives Both Designated and Not Designated as Hedging Instruments at Fair Value

Fair value of derivatives classified as assets consist of the following:
			June 30,		December 31,
Designated as a Hedge	Balance Sheet Classification		2011		2010

Foreign currency exchange contracts	Accounts, notes, and other receivables	$	53	$	10
Interest rate swap agreements	Other assets		55		22
Commodity contracts	Accounts, notes, and other receivables		3		2

			June 30,		December 31,
Not Designated as a Hedge	Balance Sheet Classification		2011		2010

Foreign currency exchange contracts	Accounts, notes, and other receivables	$	3	$	6


Fair value of derivatives classified as liabilities consist of the following:
			June 30,		December 31,
Designated as a Hedge	Balance Sheet Classification		2011		2010

Foreign currency exchange contracts	Accrued liabilities	$	43	$	9
Commodity contracts	Accrued liabilities		-		2

			June 30,		December 31,
Not Designated as a Hedge	Balance Sheet Classification		2011		2010

Foreign currency exchange contracts	Accrued liabilities	$	5	$	5

Gains (losses) recognized in OCI and reclassified from AOCI to income


Gains (losses) recognized in OCI (effective portions) consist of the following:

		Three Months Ended				Six Months Ended
		June, 30				June, 30
Designated Cash Flow Hedge		2011		2010		2011		2010

Foreign currency exchange contracts	$	8	$	(12)	$	16	$	8
Commodity contracts		(1)		(1)		2		(3)


Gains (losses) reclassified from AOCI to income consist of the following:

			Three Months Ended				Six Months Ended
Designated			June 30,				June 30,
Cash Flow Hedge	Income Statement Location		2011		2010		2011		2010

Foreign currency exchange contracts	Product sales	$	10	$	(3)	$	16	$	(6)
	Cost of products sold		(11)		7		(16)		9
	Sales & general administrative		4		(4)		6		(3)

Commodity contracts	Cost of products sold	$	1	$	(2)	$	0	$	(3)

Accounts, Notes and Other Receivables

6 Months Ended

Jun. 30, 2011

Accounts, Notes And Other Receivables [Abstract]

Accounts, Notes and Other Receivables


Note 7. Accounts, Notes and Other Receivables
			June 30,		December 31,
			2011		2010

	Trade	$	6,961	$	6,471
	Other		645		647
			7,606		7,118
	Less - Allowance for doubtful accounts		(262)		(277)
		$	7,344	$	6,841

Trade Receivables includes $1,391, and $1,307 million of unbilled balances under long-term contracts as of June 30, 2011 and December 31, 2010, respectively. These amounts are billed in accordance with the terms of customer contracts to which they relate.

Document and Entity Information $ in Billions	6 Months Ended
Document and Entity Information $ in Billions	Jun. 30, 2011 USD ($) shares
Document And Entity Information Abstract
Document type	10-Q
Document period end date	Jun. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q2
Amendment flag	false
Entity registrant name	Honeywell International Inc
Entity central index key	0000773840
Entity current reporting status	Yes
Entity voluntary filers	No
Current fiscal year end date	--12-31
Entity filer category	Large Accelerated Filer
Entity well known seasoned issuer	Yes
Entity common stock shares outstanding \| shares	782,425,252
Entity public float \| $	$ 47.1

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2011	Dec. 31, 2010
Inventory Combining Work In Process And Raw Materials Alternative Gross [Abstract]
Raw materials	$ 1,225	$ 1,139
Work in process	861	792
Finished products	2,276	2,045
Inventory Gross	4,362	3,976
Less - Reduction to LIFO cost basis	(165)	(154)
Inventories	$ 4,197	$ 3,822

Accounts, Notes and Other Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2011	Dec. 31, 2010
Accounts Receivable Net Current [Abstract]
Trade	$ 6,961	$ 6,471
Other Accounts Receivable	645	647
Accounts, Notes, and Other Recivables, Gross	7,606	7,118
Less - Allowance for doubtful accounts	(262)	(277)
Accounts, Notes and Other Receivables, Net	7,344	6,841
Accounts Notes And Other Receivables Paragraph Details Abstract
Unbilled Contracts Receivable	$ 1,391	$ 1,307

Goodwill and Other Intangible Assets, Net

6 Months Ended

Jun. 30, 2011

Goodwill And Other Intangible Assets Net [Abstract]

Goodwill and Other Intangible Assets, Net

Note 9. Goodwill and Other Intangible Assets - Net

The change in the carrying amount of goodwill for the six months ended June 30, 2011 by segment is as follows:

								Currency
		December 31,						Translation		June 30,
		2010		Acquisitions		Divestitures		Adjustment		2011

Aerospace	$	1,883	$	-	$	-	$	8	$	1,891
Automation and Control
Solutions		7,907		32		(12)		175		8,102
Specialty Materials		1,291		-		-		10		1,301
Transportation Systems		194		-		-		4		198
	$	11,275	$	32	$	(12)	$	197	$	11,492


		June 30, 2011						December 31, 2010
		Gross				Net		Gross				Net
		Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
		Amount		Amortization		Amount		Amount		Amortization		Amount
Determinable life intangibles:
Patents and technology	$	1,122	$	(729)	$	393	$	1,101	$	(676)	$	425
Customer relationships		1,610		(453)		1,157		1,688		(399)		1,289
Trademarks		266		(89)		177		186		(84)		102
Other		203		(137)		66		512		(404)		108
		3,201		(1,408)		1,793		3,487		(1,563)		1,924

Indefinite life intangibles:
Trademarks		554		-		554		613		-		613
	$	3,755	$	(1,408)	$	2,347	$	4,100	$	(1,563)	$	2,537

Amortization expense related to intangible assets for the six months ended June 30, 2011 and 2010 was $125 and $119 million, respectively.

We completed our annual impairment testing of goodwill and indefinite-lived intangibles as of March 31, 2011 and determined that there was no impairment as of that date.

Comprehensive Income(Loss)

6 Months Ended

Jun. 30, 2011

Comprehensive Income Loss [Abstract]

Comprehensive Income (Loss)

Note 12. Comprehensive Income/(Loss)

Comprehensive income/(loss) consists of the following:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Net income	$	810	$	574	$	1,518	$	1,070

Foreign exchange translation adjustments		116		(421)		507		(705)
Pension and postretirement benefit adjustments		4		(139)		7		(128)
Change in fair value of effective cash flow hedges		3		(6)		9		1
Change in unrealized gains on available for sale
investments^(a)		28		(21)		8		28
		961		(13)		2,049		266
Less: Comprehensive Income/(Loss) attributable to
noncontrolling interest^(b)		-		9		3		16

Comprehensive Income/(Loss) attributable to
Honeywell	$	961	$	(22)	$	2,046	$	250

(a) Includes reclassification adjustment for losses included in net income.

(b) Comprehensive Income/(Loss) attributable to noncontrolling interest consisted predominately of net income.


Changes in Noncontrolling Interest consist of the following:

December 31, 2010	$	121
Comprehensive Income/(Loss)
attributable to noncontrolling interest		3
Acquisitions		(1)
Dividends paid		(10)
Other owner changes		(1)

June 30, 2011	$	112

In the six months ended June 30, 2011 there were no increases or decreases to Honeywell additional paid in capital for purchases or sales of existing noncontrolling interests

Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Note 6. Earnings Per Share

The details of the earnings per share calculations for the three and six months ended June 30, 2011 and 2010 are as follows:

		Three Months Ended				Six Months Ended
		June 30				June 30
Basic		2011		2010		2011		2010

Income from continuing operations	$	796	$	550	$	1,483	$	1,021
Income from discontinued operations		14		16		32		34
Net income attributable to Honeywell		810		566		1,515		1,055

Weighted average shares outstanding		785.0		769.6		785.2		767.7

Earnings per share of common stock
Income from continuing operations		1.01		0.72		1.89		1.33
Income from discontinued operations		0.02		0.02		0.04		0.04
Net income attributable to Honeywell	$	1.03	$	0.74	$	1.93	$	1.37


		Three Months Ended				Six Months Ended
		June 30				June 30
Assuming Dilution		2011		2010		2011		2010

Income from continuing operations	$	796	$	550	$	1,483	$	1,021
Income from discontinued operations		14		16		32		34
Net income attributable to Honeywell		810		566		1,515		1,055

Average Shares
Weighted average shares outstanding		785.0		769.6		785.2		767.7
Dilutive securities issuable - stock plans		12.3		7.7		12.3		6.8
Total weighted average shares outstanding		797.3		777.3		797.5		774.5

Earnings per share of common stock
Income from continuing operations		1.00		0.71		1.86		1.32
Income from discontinued operations		0.02		0.02		0.04		0.04
Net income attributable to Honeywell	$	1.02	$	0.73	$	1.90	$	1.36

The diluted earnings per share calculations exclude the effect of stock options when the options' assumed proceeds exceed the average market price of the common shares during the period. For the three and six months ended June 30, 2011, the weighted average number of stock options excluded from the computations were 7.9 and 7.5 million, respectively. For the three and six months ended June 30, 2010, the weighted average number of stock options excluded from the computations were 14.8 and 16.6 million, respectively. These stock options were outstanding at the end of each of the respective periods

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2011

Earnings Per Share (Tables) [Abstract]

Schedule Of Earnings Per Share Basic By Common Class

		Three Months Ended				Six Months Ended
		June 30				June 30
Basic		2011		2010		2011		2010

Income from continuing operations	$	796	$	550	$	1,483	$	1,021
Income from discontinued operations		14		16		32		34
Net income attributable to Honeywell		810		566		1,515		1,055

Weighted average shares outstanding		785.0		769.6		785.2		767.7

Earnings per share of common stock
Income from continuing operations		1.01		0.72		1.89		1.33
Income from discontinued operations		0.02		0.02		0.04		0.04
Net income attributable to Honeywell	$	1.03	$	0.74	$	1.93	$	1.37

Schedule Of Earnings Per Share Diluted By Common Class


		Three Months Ended				Six Months Ended
		June 30				June 30
Assuming Dilution		2011		2010		2011		2010

Income from continuing operations	$	796	$	550	$	1,483	$	1,021
Income from discontinued operations		14		16		32		34
Net income attributable to Honeywell		810		566		1,515		1,055

Average Shares
Weighted average shares outstanding		785.0		769.6		785.2		767.7
Dilutive securities issuable - stock plans		12.3		7.7		12.3		6.8
Total weighted average shares outstanding		797.3		777.3		797.5		774.5

Earnings per share of common stock
Income from continuing operations		1.00		0.71		1.86		1.32
Income from discontinued operations		0.02		0.02		0.04		0.04
Net income attributable to Honeywell	$	1.02	$	0.73	$	1.90	$	1.36

Other (Income) Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Other (Income) Expense (Details) - USD ($) $ in Millions	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Other Income Disclosure Nonoperating [Abstract]
Equity (income)/loss of affiliated companies	$ (14)	$ (9)	$ (23)	$ (13)
Gain on sale of non-strategic businesses and assets	(2)	0	(46)	0
Interest Income	(14)	(7)	(27)	(16)
Foreign exchange	10	(3)	18	8
Other, Net	(2)	10	27	10
Other Nonoperating (Income) Expense, Total	$ (22)	$ (9)	(51)	$ (11)
Other Income Expense Details Paragraph [Abstract]
Payments Of Debt Extinguishment Costs			29
Automotive Onboard Sensor Products [Member]
Other Income Expense Paragraph Details [Line Items]
Pretax gain on sale			41
Gain on sale, net of tax			$ 25

Basis of Presentation

6 Months Ended

Jun. 30, 2011

Basis Of Presentation [Abstract]

Basis of Presentation

Note 1. Basis of Presentation

In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of Honeywell International Inc. and its consolidated subsidiaries at June 30, 2011 and the results of operations for the three and six months ended June 30, 2011 and 2010 and cash flows for the six months ended June 30, 2011 and 2010. The results of operations for the three and six months ended June 30, 2011 should not necessarily be taken as indicative of the results of operations that may be expected for the entire year. We have evaluated subsequent events through the date of issuance of our consolidated financial statements.

We report our quarterly financial information using a calendar convention; that is, the first, second and third quarters are consistently reported as ending on March 31, June 30 and September 30, respectively. It has been our practice to establish actual quarterly closing dates using a predetermined “fiscal” calendar, which requires our businesses to close their books on a Saturday in order to minimize the potentially disruptive effects of quarterly closing on our business processes. The effects of this practice are generally not significant to reported results for any quarter and only exist within a reporting year. In the event that differences in actual closing dates are material to year-over-year comparisons of quarterly or year-to-date results, we provide appropriate disclosures. Our actual closing dates for the three and six months ended June 30, 2011 and 2010 were July 2, 2011 and July 3, 2010, respectively.

The financial information as of June 30, 2011 should be read in conjunction with the financial statements for the year ended December 31, 2010 contained in our Form 10-K filed on February 11, 2011.

Certain prior year amounts have been reclassified to conform to current year presentation.

The Company has reported its Consumer Products Group business (CPG) as a discontinued operation as of June 30, 2011. Accordingly, the results of operations for all periods presented have been reclassified to reflect the business as a discontinued operation and the assets and liabilities of the business have been reclassified as held for sale for the periods presented. The net income attributable to the non-controlling interest for the discontinued operations is insignificant.

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2011

Commitments And Contingencies (Tables) [Abstract]

Loss Contingency

December 31, 2010	$	753
Accruals for environmental matters deemed
probable and reasonably estimable		101
Environmental liability payments		(80)
Other		1
June 30, 2011	$	775

Loss Contingency, Classification of Accrual


Environmental liabilities are included in the following balance sheet accounts:

			June 30,		December 31,
			2011		2010
	Accrued liabilities	$	306	$	328
	Other liabilities		469		425
		$	775	$	753

Loss Contency, Claims, Quantities

	Six Months Ended		Year Ended
		June 30,	December 31,
Claims Activity		2011	2010	2009

Claims Unresolved at the beginning of period		22,480	19,940	51,951
Claims Filed during the period ^(a)		1,917	4,302	2,697
Claims Resolved during the period^(b)		(1,366)	(1,762)	(34,708)

Claims Unresolved at the end of period		23,031	22,480	19,940

(a) The number of claims filed in 2010 includes approximately 1,541 non-malignant claims (with an accrued liability of approximately $575 thousand in the aggregate), a majority of which had previously been dismissed in Mississippi and re-filed in Arkansas.
(b) The number of claims resolved in 2010 includes approximately 1,300 claims previously classified as inactive (95% non-malignant and accrued liability of approximately $2.0 million) which were activated during 2010.

Loss Contingency, Disease Distribution of Unresolved Claims


Disease Distribution of Unresolved Claims	June 30,	December 31,
	2011	2010	2009

Mesothelioma and Other Cancer Claims	5,069	4,856	4,727
Other Claims	17,962	17,624	15,213

Total Claims	23,031	22,480	19,940

Loss Contingency, Resolution Values Per Claim

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

			Year Ended December 31,
			2010		2009		2008		2007		2006

			(in whole dollars)
Malignant claims		$	54,000	$	50,000	$	65,000	$	33,000	$	33,000
Nonmalignant claims		$	1,300	$	200	$	1,500	$	500	$	250

Loss Contingency, Asbestos Related Liabilities

Asbestos Related Liabilities
		Bendix		NARCO		Total

December 31, 2010	$	594	$	1,125	$	1,719
Accrual for update to estimated liability		90		0		90
Asbestos related liability payments		(81)		(1)		(82)

June 30, 2011	$	603	$	1,124	$	1,727

Loss Contingency, Insurance Recoveries

Insurance Recoveries for Asbestos Related Liabilities
		Bendix		NARCO		Total

December 31, 2010	$	157	$	718	$	875
Probable insurance recoveries related to
estimated liability		13		0		13
Insurance receipts for asbestos related liabilities		(9)		(27)		(36)

June 30, 2011	$	161	$	691	$	852

Schedule of Accrual For Asbestos Loss Contingencies Balance Sheet Classification Text Block

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

		June 30,		December 31,
		2011		2010

Other current assets	$	50	$	50
Insurance recoveries for asbestos related liabilities		802		825

	$	852	$	875

Accrued liabilities	$	162	$	162
Asbestos related liabilities		1,565		1,557

	$	1,727	$	1,719

Earnings Per Share (Details) - USD ($) shares in Millions	3 Months Ended		6 Months Ended
Earnings Per Share (Details) - USD ($) shares in Millions	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Earnings Per Share (Details) [Abstract]
Income from continuing operations less net income attributable to the noncontrolling interest	$ 796,000,000	$ 550,000,000	$ 1,483,000,000	$ 1,021,000,000
Net income from discontinued operations after taxes	14,000,000	16,000,000	32,000,000	34,000,000
Net income attributable to Honeywell	$ 810,000,000	$ 566,000,000	$ 1,515,000,000	$ 1,055,000,000
Weighted average number of common shares outstanding	785.0	769.6	785.2	767.7
Earnings per share continuing operations - basic:	$ 1.01	$ 0.72	$ 1.89	$ 1.33
Earnings per share discontinued operations - basic:	0.02	0.02	0.04	0.04
Earnings per share of common stock	1.03	0.74	1.93	1.37
Assuming dilution
Income from continuing operations less net income attributable to the noncontrolling interest	796,000,000	550,000,000	1,483,000,000	1,021,000,000
Net income from discontinued operations after taxes	14,000,000	16,000,000	32,000,000	34,000,000
Net income attributable to Honeywell	$ 810,000,000	$ 566,000,000	$ 1,515,000,000	$ 1,055,000,000
Average shares
Weighted average number of common shares outstanding	785.0	769.6	785.2	767.7
Dilutive securities issuable in connection with stock plans	12.3	7.7	12.3	6.8
Total weighted average number of common shares outstanding	797.3	777.3	797.5	774.5
Earnings per share continuing operations - assuming dilution:	$ 1.00	$ 0.71	$ 1.86	$ 1.32
Earnings per share discontinued operations - assuming dilution:	0.02	0.02	0.04	0.04
Earnings per share of common stock	$ 1.02	$ 0.73	$ 1.90	$ 1.36
Earnings Per Share Paragraph Details [Abstract]
Stock options excluded from diluted computations	7.9	14.8	7.5	16.6

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Jan. 31, 2011
Defined Benefit Plans Disclosures [Line Items]
Defined Benefit Plan, Effect of Plan Amendment on Accumulated Benefit Obligation	$ 18		$ 18
Pension And Other Post Retirement Disclosure Paragraph Details [Abstract]
Voluntary cash contributions					$ 1,000
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plans Disclosures [Line Items]
Service Cost	0	$ 0	1	$ 1
Interest Cost	17	19	35	43
Amortization of Prior Service Cost	(9)	(8)	(22)	(18)
Recognition of Actuarial Losses	6	10	18	14
Settlements and Curtailments	(61)	(9)	(61)	(46)
Net Periodic Benefit Costs	(47)	12	(29)	(6)
United States Pension Plans Of US Entity Defined Benefit Member
Defined Benefit Plans Disclosures [Line Items]
Service Cost	53	51	116	111
Interest Cost	191	195	381	384
Expected Return on Plan Assets	(254)	(226)	(507)	(451)
Amortization of Prior Service Cost	9	11	17	16
Recognition of Actuarial Losses	0	0	0	0
Settlements and Curtailments	9	0	24	0
Net Periodic Benefit Costs	8	31	31	60
Foreign Pension Plans Defined Benefit Member
Defined Benefit Plans Disclosures [Line Items]
Service Cost	15	13	30	26
Interest Cost	60	55	120	113
Expected Return on Plan Assets	(72)	(59)	(143)	(118)
Amortization of transition obligation	1	0	1	0
Amortization of Prior Service Cost	(1)	0	(1)	0
Recognition of Actuarial Losses	0	0	0	0
Settlements and Curtailments	1	0	1	4
Net Periodic Benefit Costs	$ 4	$ 9	$ 8	$ 25

Repositioning and Other Charges

6 Months Ended

Jun. 30, 2011

Repositioning And Other Charges [Abstract]

Repositioning and Other Charges

Note 4. Repositioning and Other Charges

	A summary of repositioning and other charges follows:

			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2011		2010		2011		2010
Severance		$	16	$	25	$	43	$	57
Asset impairments			-		1		10		9
Exit costs			1		-		12		4
Adjustments			(10)		(3)		(14)		(8)
Total net repositioning charge			7		23		51		62

Asbestos related litigation charges,
net of insurance			40		49		78		87
Probable and reasonably estimable
environmental liabilities			50		55		101		101
Other			(3)		-		(3)		18

Total net repositioning and other charges		$	94	$	127	$	227	$	268

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

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Cost of products and services sold	$	84	$	122	$	202	$	260
Selling, general and administrative expenses		10		5		25		8
	$	94	$	127	$	227	$	268

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

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Aerospace	$	(6)	$	6	$	(6)	$	6
Automation and Control Solutions		12		5		45		29
Specialty Materials		-		-		13		11
Transportation Systems		40		47		76		105
Corporate		48		69		99		117
	$	94	$	127	$	227	$	268

In the quarter ended June 30, 2011, we recognized repositioning charges totaling $17 million primarily for severance costs related to workforce reductions of 360 manufacturing and administrative positions in our Automation and Control Solutions and Aerospace segments. The workforce reductions were related to cost savings actions taken in connection with our ongoing functional transformation and productivity initiatives and the consolidation of U.S. repair facilities in our Aerospace segment. Also, $10 million of previously established accruals for severance at our Aerospace segment were returned to income in the second quarter of 2011 due to fewer employee separations than originally planned associated with prior severance programs.

In the quarter ended June 30, 2010, we recognized repositioning charges totaling $26 million primarily for severance costs related to workforce reductions of 350 manufacturing and administrative positions in our Aerospace, Transportation Systems and Automation and Control Solutions segments. The workforce reductions were related to cost savings actions taken in connection with our ongoing functional transformation and productivity initiatives and factory transitions in our Aerospace segment to more cost-effective locations.

In the six months ended June 30, 2011, we recognized repositioning charges totaling $65 million including severance costs of $43 million related to workforce reductions of 946 manufacturing and administrative positions in our Automation and Control Solutions, Aerospace and Specialty Materials segments. The workforce reductions were primarily related to cost savings actions taken in connection with our ongoing functional transformation and productivity initiatives, factory transitions in connection with acquisition-related synergies in our Automation and Control Solutions segment, the exit from and/or rationalization of certain product lines and markets in our Specialty Materials and Automation and Control Solutions segments, the consolidation of U.S. repair facilities in our Aerospace segment, and an organizational realignment of a business in our Automation and Control Solutions segment. The repositioning charge also included asset impairments of $10 million principally related to manufacturing plant and equipment associated with the exit of a product line and a factory transition as discussed above. The repositioning charge also included exit costs of $12 million principally for costs to terminate contracts, including an operating lease, related to the exit of a market and a factory transition as discussed above. Also, $14 million of previously established accruals, primarily for severance at our Aerospace and Automation and Control Solutions segments, were returned to income in the first six months of 2011 due principally to fewer employee separations than originally planned associated with prior severance programs.

In the six months ended June 30, 2010, we recognized repositioning charges totaling $70 million including severance costs of $57 million related to workforce reductions of 967 manufacturing and administrative positions primarily in our Automation and Control Solutions, Transportation Systems and Aerospace segments. The workforce reductions were primarily related to the planned shutdown of certain manufacturing facilities in our Automation and Control Solutions and Transportation Systems segments, cost savings actions taken in connection with our ongoing functional transformation and productivity initiatives and factory transitions in our Aerospace segment to more cost-effective locations. The repositioning charge also included asset impairments of $9 million principally related to manufacturing plant and equipment in facilities scheduled to close.

The following table summarizes the status of our total repositioning reserves:

		Severance		Asset		Exit
		Costs		Impairments		Costs		Total

December 31, 2010	$	276	$	-	$	34	$	310
Charges		43		10		12		65
Usage - cash		(72)		-		(9)		(81)
Usage - noncash		-		(10)		-		(10)
Foreign currency translation		3		-		-		3
Adjustments		(14)		-		-		(14)

June 30, 2011	$	236	$	-	$	37	$	273

Certain repositioning projects in our Aerospace, Automation and Control Solutions and Transportation Systems segments included exit or disposal activities, the costs related to which will be recognized in future periods when the actual liability is incurred. The nature of these exit or disposal costs includes asset set-up and moving, product recertification and requalification, and employee retention, training and travel. The following tables summarize by segment, expected, incurred and remaining exit and disposal costs related to 2011 and 2010 repositioning actions which we were not able to recognize at the time the actions were initiated.


				Automation and
2011 Repositioning Actions		Aerospace		Control Solutions		Total

Expected exit and disposal costs	$	5	$	2	$	7
Costs incurred during:
Current year-to-date		-		-		-
Remaining exit and disposal costs	$	5	$	2	$	7


				Automation and		Transportation
2010 Repositioning Actions		Aerospace		Control Solutions		Systems		Total

Expected exit and disposal costs	$	9	$	10	$	3	$	22
Costs incurred during:
Year ended December 31, 2010		-		-		-		-
Current year-to-date		-		(3)		-		(3)

Remaining exit and disposal costs	$	9	$	7	$	3	$	19

In the quarter ended June 30, 2011, we recognized a charge of $50 million for environmental liabilities deemed probable and reasonably estimable in the quarter. We also recognized a charge of $40 million primarily representing an update to our estimated liability for the resolution of Bendix related asbestos claims as of June 30, 2011, net of probable insurance recoveries. Environmental and Asbestos matters are discussed in detail in Note 15, Commitments and Contingencies.

In the quarter ended June 30, 2010, we recognized a charge of $55 million for environmental liabilities deemed probable and reasonably estimable in the quarter. We also recognized a charge of $49 million primarily representing an update to our estimated liability for the resolution of Bendix related asbestos claims as of June 30, 2010, net of probable insurance recoveries.

In the six months ended June 30, 2011, we recognized a charge of $101 million for environmental liabilities deemed probable and reasonably estimable in the period. We also recognized a charge of $78 million primarily representing an update to our estimated liability for the resolution of Bendix related asbestos claims as of June 30, 2011, net of probable insurance recoveries.

In the six months ended June 30, 2010, we recognized a charge of $101 million for environmental liabilities deemed probable and reasonably estimable in the period. We also recognized a charge of $87 million primarily representing an update to our estimated liability for the resolution of Bendix related asbestos claims as of June 30, 2010, net of probable insurance recoveries. We also recognized other charges of $18 million in connection with the evaluation of potential settlements of certain legal matters.

Pension and Other Postretirement Benefits

6 Months Ended

Jun. 30, 2011

Pension And Other Postretirement Benefits [Abstract]

Pension and Other Postretirement Benefits

Note 14. Pension and Other Postretirement Benefits

Net periodic pension and other postretirement benefits costs for our significant defined benefit plans include the following components:

Pension Benefits
		U.S. Plans
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Service cost	$	53	$	51	$	116	$	111
Interest cost		191		195		381		384
Expected return on plan assets		(254)		(226)		(507)		(451)
Amortization of prior service cost		9		11		17		16
Settlements and curtailments		9		-		24		-
	$	8	$	31	$	31	$	60

		Non-U.S. Plans
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Service cost	$	15	$	13	$	30	$	26
Interest cost		60		55		120		113
Expected return on plan assets		(72)		(59)		(143)		(118)
Amortization of transition obligation		1		-		1		-
Amortization of prior service (credit)		(1)		-		(1)		-
Settlements and curtailments		1		-		1		4
	$	4	$	9	$	8	$	25


Other Postretirement Benefits
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Service cost	$	0	$	-	$	1	$	1
Interest cost		17		19		35		43
Amortization of prior service (credit)		(9)		(8)		(22)		(18)
Recognition of actuarial losses		6		10		18		14
Settlements and curtailments		(61)		(9)		(61)		(46)
	$	(47)	$	12	$	(29)	$	(6)

In January 2011, Honeywell made a voluntary cash contribution of $1 billion to our U.S. pension plans to improve the funded status of the plans.

If required, a mark to market adjustment will be recorded in the fourth quarter of 2011 in accordance with our pension accounting method as described in Note 1 to our financial statements for the year ended December 31, 2010 contained in our Form 10-K filed on February 11, 2011.

During the second quarter of 2011, in connection with new collective bargaining agreements reached with several of its union groups, Honeywell amended its U.S. retiree medical plan eliminating the subsidy for those union employees. These plan amendments reduced the accumulated postretirement benefit obligation by $18 million which will be recognized as part of net periodic postretirement benefit cost over the average future service period to full eligibility of the remaining active union employees still eligible for a retiree medical subsidy. These plan amendments also resulted in curtailment gains totaling $61 million in the second quarter of 2011 which was included as part of net periodic postretirement benefit cost. The curtailment gains represent the recognition of previously unrecognized prior service credits attributable to the future years of service of the union groups for which future accrual of benefits has been eliminated.

Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
Statement of Cash Flows - USD ($) $ in Millions	Jun. 30, 2011	Jun. 30, 2010
Cash flows from operating activities:
Net income attributable to Honeywell	$ 1,515	$ 1,055
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:
Depreciation and amortization	478	474
Gain on sale of non-strategic businesses and assets	(46)	0
Repositioning and other charges	227	270
Net payments for repositioning and other charges	(207)	(221)
Pension and other postretirement expense	32	92
Pension and other postretirement benefit payments	(1,047)	(89)
Stock compensation expense	91	86
Deferred income taxes	158	487
Excess tax benefits from share based payment arrangements	(30)	(4)
Other	105	(194)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts, notes and other receivables	(537)	(188)
Inventories	(389)	(131)
Other current assets	(23)	(3)
Accounts payable	260	97
Accrued liabilities	108	102
Net cash provided by operating activities	695	1,833
Cash flows from investing activities:
Expenditures for property, plant and equipment	(289)	(185)
Proceeds from disposals of property, plant and equipment	3	2
Increase in investments	(229)	(311)
Decrease in investments	176	10
Cash paid for acquisitions, net of cash acquired	(8)	(996)
Proceeds from sales of businesses, net of fees paid	215	0
Other	58	(12)
Net cash used for investing activities	(74)	(1,492)
Cash flows from financing activities:
Net increase in commercial paper	51	850
Net (decrease)/increase in short-term borrowings	(2)	12
Proceeds from issuance of common stock	200	55
Proceeds from issuance of long-term debt	1,384	0
Payments of long-term debt	(439)	(1,001)
Excess tax benefits from share based payment arrangements	30	4
Repurchases of common stock	(504)	0
Cash dividends paid	(530)	(464)
Net cash provided by/(used for) financing activities	190	(544)
Effect of foreign exchange rate changes on cash and cash equivalents	87	(147)
Net increase/(decrease) in cash and cash equivalents	898	(350)
Cash and cash equivalents at beginning of period	2,650	2,801
Cash and cash equivalents at end of period	$ 3,548	$ 2,451

Repositioning and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Component Of Operating Other Cost And Expense [Line Items]
Total net repostioning charge	$ 7	$ 23	$ 51	$ 62
Asbestos related litigation charges, net of insurance	40	49	78	87
Probable and reasonably esitmable envionmental liabilities	50	55	101	101
Other	(3)	0	(3)	18
Total net repositioning and other charges	94	127	227	268
Net Repositionining and Other Charges by Income Statement Classification [Abstract]
Cost of products and services sold	84	122	202	260
Selling, general and administrative expenses	10	5	25	8
Total net repositioning and other charges	94	127	227	268
Severance Costs [Member]
Component Of Operating Other Cost And Expense [Line Items]
Total net repostioning charge	16	25	43	57
Asset Impariments [Member]
Component Of Operating Other Cost And Expense [Line Items]
Total net repostioning charge	0	1	10	9
Exit Costs [Member]
Component Of Operating Other Cost And Expense [Line Items]
Total net repostioning charge	1	0	12	4
Restructuring Reserve Accural Adjustments [Member]
Component Of Operating Other Cost And Expense [Line Items]
Total net repostioning charge	$ (10)	$ (3)	$ (14)	$ (8)

Long-term Debt and Credit Agreements

6 Months Ended

Jun. 30, 2011

Long Term Debt And Credit Agreements [Abstract]

Long-term Debt and Credit Agreements

Note 10. Long-term Debt and Credit Agreements
		June 30,		December 31,
		2011		2010

6.125% notes due 2011	$	500	$	500
5.625% notes due 2012		-		400
4.25% notes due 2013		600		600
3.875% notes due 2014		600		600
5.40% notes due 2016		400		400
5.30% notes due 2017		400		400
5.30% notes due 2018		900		900
5.00% notes due 2019		900		900
4.25% notes due 2021		800		-
5.375% notes due 2041		600		-
Industrial development bond obligations, floating
rate maturing at various dates through 2037		37		46
6.625% debentures due 2028		216		216
9.065% debentures due 2033		51		51
5.70% notes due 2036		550		550
5.70% notes due 2037		600		600
Other (including capitalized leases), 0.6%-15.5%
maturing at various dates through 2023		150		115
		7,304		6,278
Less current portion		(514)		(523)
	$	6,790	$	5,755

		June 30, 2011

2011	$	514
2012		14
2013		610
2014		607
2015		1
Thereafter		5,558
		7,304
Less-current portion		(514)
	$	6,790

In February 2011, the Company issued $800 million 4.25% Senior Notes due 2021 and $600 million 5.375% Senior Notes due 2041 (collectively, the “Notes”). The Notes are senior unsecured and unsubordinated obligations of Honeywell and rank equally with all of Honeywell's existing and future senior unsecured debt and senior to all of Honeywell's subordinated debt. The offering resulted in gross proceeds of $1,400 million, offset by $19 million in discount and closing costs related to the offering.

In the first quarter of 2011, the Company repurchased the entire outstanding principal amount of its $400 million 5.625% Notes due 2012 via a cash tender offer and a subsequent optional redemption. The cost relating to the early redemption of the Notes, including the “make-whole premium”, was $29 million.

In March 2011, the Company entered into a $2,800 million Five Year Credit Agreement (“Credit Agreement”) with a syndicate of banks. Commitments under the Credit Agreement can be increased pursuant to the terms of the Credit Agreement to an aggregate amount not to exceed $3,500 million. The Credit Agreement is maintained for general corporate purposes, including support for the issuance of commercial paper, and replaces the previous $2,800 million five year credit agreement dated May 14, 2007 (“Prior Agreement”). There have been no borrowings under the Credit Agreement or the Prior Agreement. The Credit Agreement does not restrict the Company's ability to pay dividends, nor does it contain financial covenants.

As a source of liquidity, we may periodically sell interests in designated pools of trade accounts receivables to third parties. As of June 30, 2011 and December 31, 2010 none of the receivables in the designated pools had been sold to third parties. When we sell receivables, they are over-collateralized and we retain a subordinated interest in the pool of receivables representing that over-collateralization as well as an undivided interest in the balance of the receivables pools. The terms of the trade accounts receivable program permit the repurchase of receivables from the third parties at our discretion, providing us with an additional source of revolving credit. As a result, program receivables remain on the Company's balance sheet with a corresponding amount recorded as either Short-term borrowings or Long-term debt.

Segment Financial Data

6 Months Ended

Jun. 30, 2011

Segment Financial Data [Abstract]

Segment Financial Data

Note 13. Segment Financial Data

Honeywell's senior management evaluates segment performance based on segment profit. Segment profit is measured as business unit income (loss) before taxes excluding general corporate unallocated expense, other income (expense), interest and other financial charges, pension and other postretirement benefits (expense), stock compensation expense, repositioning and other charges and accounting changes.

The Consumer Products Group business had historically been part of the Transportation Systems reportable segment. In accordance with the presentation of CPG as discontinued operations, results for current periods presented as well as all future periods include Turbo Technologies and Friction Materials only. See Note 3 Acquisitions and Divestitures for further details.

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Net Sales
Aerospace
Products	$	1,559	$	1,464	$	3,025	$	2,781
Services		1,251		1,183		2,481		2,372
Total		2,810		2,647		5,506		5,153
Automation and Control Solutions
Products		3,331		2,747		6,467		5,394
Services		549		490		1,069		967
Total		3,880		3,237		7,536		6,361
Specialty Materials
Products		1,266		1,190		2,512		2,266
Services		140		69		249		132
Total		1,406		1,259		2,761		2,398
Transportation Systems
Products		990		783		1,955		1,550
Services		-		-		-		-
Total		990		783		1,955		1,550
Corporate
Products		-		-		-		-
Services		-		-		-		-
Total		-		-		-		-
	$	9,086	$	7,926	$	17,758	$	15,462

Segment Profit
Aerospace	$	451	$	443	$	918	$	856
Automation and Control Solutions		496		401		955		787
Specialty Materials		281		214		565		384
Transportation Systems		129		89		247		158
Corporate		(56)		(68)		(124)		(100)
Total Segment Profit		1,301		1,079		2,561		2,085

Other income/ (expense)^(a)		8		-		28		(2)
Interest and other financial charges		(96)		(91)		(195)		(198)
Stock compensation expense^(b)		(42)		(36)		(91)		(86)
Pension expense^(b)		(22)		(46)		(57)		(96)
Other postretirement income/(expense)^(b)		45		(12)		27		6
Repositioning and other charges ^(b)		(94)		(127)		(227)		(268)
Income before taxes	$	1,100	$	767	$	2,046	$	1,441

(a) Equity income/(loss) of affiliated companies is included in Segment Profit.

(b) Amounts included in cost of products and services sold and selling, general and administrative expenses.

Segment Financial Data (Tables)

6 Months Ended

Jun. 30, 2011

Segment Financial Data (Tables) [Abstract]

Schedule Of Segment Reporting Information By Segment Table Text Block

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Net Sales
Aerospace
Products	$	1,559	$	1,464	$	3,025	$	2,781
Services		1,251		1,183		2,481		2,372
Total		2,810		2,647		5,506		5,153
Automation and Control Solutions
Products		3,331		2,747		6,467		5,394
Services		549		490		1,069		967
Total		3,880		3,237		7,536		6,361
Specialty Materials
Products		1,266		1,190		2,512		2,266
Services		140		69		249		132
Total		1,406		1,259		2,761		2,398
Transportation Systems
Products		990		783		1,955		1,550
Services		-		-		-		-
Total		990		783		1,955		1,550
Corporate
Products		-		-		-		-
Services		-		-		-		-
Total		-		-		-		-
	$	9,086	$	7,926	$	17,758	$	15,462

Segment Profit
Aerospace	$	451	$	443	$	918	$	856
Automation and Control Solutions		496		401		955		787
Specialty Materials		281		214		565		384
Transportation Systems		129		89		247		158
Corporate		(56)		(68)		(124)		(100)
Total Segment Profit		1,301		1,079		2,561		2,085

Other income/ (expense)^(a)		8		-		28		(2)
Interest and other financial charges		(96)		(91)		(195)		(198)
Stock compensation expense^(b)		(42)		(36)		(91)		(86)
Pension expense^(b)		(22)		(46)		(57)		(96)
Other postretirement income/(expense)^(b)		45		(12)		27		6
Repositioning and other charges ^(b)		(94)		(127)		(227)		(268)
Income before taxes	$	1,100	$	767	$	2,046	$	1,441

(a) Equity income/(loss) of affiliated companies is included in Segment Profit.

(b) Amounts included in cost of products and services sold and selling, general and administrative expenses.

Inventories (Tables)

6 Months Ended

Jun. 30, 2011

Inventories (Tables) [Abstract]

Inventories

Note 8. Inventories
			June 30,		December 31,
			2011		2010

	Raw materials	$	1,225	$	1,139
	Work in process		861		792
	Finished products		2,276		2,045
			4,362		3,976
	Reduction to LIFO cost basis		(165)		(154)
		$	4,197	$	3,822

Commitments and Contingencies (Details 4)	1 Months Ended	6 Months Ended	12 Months Ended
Commitments and Contingencies (Details 4)	May 31, 2011 USD ($)	Jun. 30, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2008 USD ($)	Dec. 31, 2007 USD ($)	Dec. 31, 2006 USD ($)
Schedule Of Accrual For Asbestos Loss Contingencies Balance Sheet Classification Abstract
Insurance recoveries for asbestos related liabilities		$ 802,000,000	$ 825,000,000
Asbestos Related Liabilities		$ 1,565,000,000	$ 1,557,000,000
Bendix Asbestos Loss Contingency Liability [Member]
Loss Contingency Claims [Line Items]
Claims unresolved at the beginning of period		22,480	19,940	51,951
Claims filed during the period		1,917	4,302	2,697
Claims resolved and reactivated during the period		(1,366)	(1,762)	(34,708)
Claims unresolved at the end of period		23,031	22,480	19,940	51,951
Loss Contingency Claims Footnote [Abstract]
Previously Classified As Inactive Claims			1,300
Previously classified as inactive, non-malignant, Percent			95.00%
Previously classified as inactive, liability			$ 2,000,000
Number Of Nonmalignant Claims Refiled			1,541
Nonmalignant Claims Refiled Liability			$ 575,000
Mesothelioma and Other Cancer Claims		5,069	4,856	4,727
Other Claims		17,962	17,624	15,213
Disease Distribution of Unresolved Claims, Total		23,031	22,480	19,940	51,951
Resolution Dollar Values Per Claim
Malignant Claims			$ 54,000	$ 50,000	$ 65,000	$ 33,000	$ 33,000
Nonmalignant Claims			1,300	$ 200	$ 1,500	$ 500	$ 250
Asbestos Related Claims [Abstract]
Loss Contingency Accrual At Carrying Value		$ 603,000,000	594,000,000
Insurance coverage remaining		1,900,000,000
Insurance Receivables As Value Of Asbestos Claims		$ 161,000,000	157,000,000
Insurance receivable as value of asbestos claim historical, percent		40.00%
Insurance receivable as value of asbestos claim projected, percent		35.00%
Asbestos Related Liabilities Disclosure [Abstract]
Asbestos Related Liabilities, Beginning of Period		$ 594,000,000
Accrual for Update to Estimated Liability		90,000,000
Asbestos Related Liability Payments		(81,000,000)
Asbestos Related Liabilities, End of Period		603,000,000	594,000,000
Asbestos Related Liabilities, Insurance Recoveries Abstract
Insurance Recoveries, Beginning of Period		157,000,000
Probable Insurance Recoveries Related To Estimated Liability		13,000,000
Insuarance receipts for asbestos related liabilities		(9,000,000)
Insurance Recoveries, End of Period		161,000,000	157,000,000
Schedule Of Accrual For Asbestos Loss Contingencies Balance Sheet Classification Abstract
Total assets		161,000,000	157,000,000
Total liabilities		$ 603,000,000	$ 594,000,000
Other Matters, Allen and BorgWarner [Abstract]
Settled claims		(1,366)	(1,762)	(34,708)
Total claims		1,917	4,302	2,697
Narco Asbestos Loss Contingency Liability [Member]
Asbestos Related Claims [Abstract]
Loss Contingency Accrual At Carrying Value		$ 1,124,000,000	$ 1,125,000,000
Asbestos Related Liabilities Disclosure [Abstract]
Asbestos Related Liabilities, Beginning of Period		1,125,000,000
Accrual for Update to Estimated Liability		0
Asbestos Related Liability Payments		(1,000,000)
Asbestos Related Liabilities, End of Period		1,124,000,000	1,125,000,000
Asbestos Related Liabilities, Insurance Recoveries Abstract
Insurance Recoveries, Beginning of Period		718,000,000
Probable Insurance Recoveries Related To Estimated Liability		0
Insuarance receipts for asbestos related liabilities		(27,000,000)
Insurance Recoveries, End of Period		691,000,000	718,000,000
Schedule Of Accrual For Asbestos Loss Contingencies Balance Sheet Classification Abstract
Total assets		691,000,000	718,000,000
Total liabilities		$ 1,124,000,000	1,125,000,000
Allen Matter [Member]
Loss Contingency Claims [Line Items]
Claims filed during the period		21
Claims resolved and reactivated during the period		18
Other Matters, Allen and BorgWarner [Abstract]
Settled claims		18
Total claims		21
Litigation Settlement Paid		$ 35,000,000
Litigation settlement paid for remaining claims	$ 23,800,000
Maximun liability		$ 500,000,000
Loss Contingency Remaining Claims		three
Borgwarner [Member]
Other Matters, Allen and BorgWarner [Abstract]
Number Of Alleged Patent Infringements		three
Amount of damages asserted		$ 120,000,000
One-time payment for past damages		32,500,000
Solvay S.A. [Member]
Other Matters, Allen and BorgWarner [Abstract]
Amount of damages asserted		50,000,000
Narco And Bendix Asbestos Loss Contingency Liability [Member]
Asbestos Related Claims [Abstract]
Loss Contingency Accrual At Carrying Value		1,727,000,000	1,719,000,000
Asbestos Related Liabilities Disclosure [Abstract]
Asbestos Related Liabilities, Beginning of Period		1,719,000,000
Accrual for Update to Estimated Liability		90,000,000
Asbestos Related Liability Payments		(82,000,000)
Asbestos Related Liabilities, End of Period		1,727,000,000	1,719,000,000
Asbestos Related Liabilities, Insurance Recoveries Abstract
Insurance Recoveries, Beginning of Period		875,000,000
Probable Insurance Recoveries Related To Estimated Liability		13,000,000
Insuarance receipts for asbestos related liabilities		(36,000,000)
Insurance Recoveries, End of Period		852,000,000	875,000,000
Schedule Of Accrual For Asbestos Loss Contingencies Balance Sheet Classification Abstract
Other Current Assets		50,000,000	50,000,000
Insurance recoveries for asbestos related liabilities		802,000,000	825,000,000
Total assets		852,000,000	875,000,000
Accrued liabilities		162,000,000	162,000,000
Asbestos Related Liabilities		1,565,000,000	1,557,000,000
Total liabilities		$ 1,727,000,000	$ 1,719,000,000

Goodwill and Other Intangible Assets, Net (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010
Goodwill [Line Items]
December 31,	$ 11,275
Acquisitions	32
Divestitures	(12)
Currency Translation Adjustment	197
Current Year	11,492
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,201		$ 3,487
Accumulated Amortization	(1,408)		(1,563)
Net Carrying Amount	1,793		1,924
Finite And Indefinite Other Intangible Assets [Abstract]
Trademark with indefinite lives	554		613
Other Intangible Assets Gross Carrying Amount	3,755		4,100
Other Intangible Assets Accumulated Amoritzation	(1,408)		(1,563)
Intangible Assets Excluding Goodwill, Total	2,347		2,537
Goowill And Intangible Assets Paragraph Details [Abstract]
Amortization of intangible assets	125	$ 119
Aerospace [Member]
Goodwill [Line Items]
December 31,	1,883
Acquisitions	0
Divestitures	0
Currency Translation Adjustment	8
Current Year	1,891
Automation and Control Solutions [Member]
Goodwill [Line Items]
December 31,	7,907
Acquisitions	32
Divestitures	(12)
Currency Translation Adjustment	175
Current Year	8,102
Specialty Materials [Member]
Goodwill [Line Items]
December 31,	1,291
Acquisitions	0
Divestitures	0
Currency Translation Adjustment	10
Current Year	1,301
Transportation Systems [Member]
Goodwill [Line Items]
December 31,	194
Acquisitions	0
Divestitures	0
Currency Translation Adjustment	4
Current Year	198
Patented Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,122		1,101
Accumulated Amortization	(729)		(676)
Net Carrying Amount	393		425
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,610		1,688
Accumulated Amortization	(453)		(399)
Net Carrying Amount	1,157		1,289
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	266		186
Accumulated Amortization	(89)		(84)
Net Carrying Amount	177		102
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	203		512
Accumulated Amortization	(137)		(404)
Net Carrying Amount	$ 66		$ 108

Repositioning and Other Charges (Details 3) $ in Millions	6 Months Ended
Repositioning and Other Charges (Details 3) $ in Millions	Jun. 30, 2011 USD ($)
Restructuring Reserve [Line Items]
Balance at beginning of period	$ 310
Charges for the period	65
Usage for the period (cash - Severance & Exit Costs)	(81)
Usage for the period (non-Cash - Asset Impairment)	(10)
Foreign currency translation	3
Adjustments	(14)
Balance at end of period	273
Severance Costs [Member]
Restructuring Reserve [Line Items]
Balance at beginning of period	276
Charges for the period	43
Usage for the period (cash - Severance & Exit Costs)	(72)
Foreign currency translation	3
Adjustments	(14)
Balance at end of period	236
Asset Impariments [Member]
Restructuring Reserve [Line Items]
Balance at beginning of period
Charges for the period	10
Usage for the period (non-Cash - Asset Impairment)	(10)
Adjustments	0
Balance at end of period	0
Exit Costs [Member]
Restructuring Reserve [Line Items]
Balance at beginning of period	34
Charges for the period	12
Usage for the period (cash - Severance & Exit Costs)	(9)
Adjustments	0
Balance at end of period	$ 37

Commitments And Contingencies (Details 3) $ in Millions	6 Months Ended
Commitments And Contingencies (Details 3) $ in Millions	Jun. 30, 2011 USD ($)	Dec. 31, 2010 USD ($)
Narco Asbestos Loss Contingency Liability [Member]
Loss Contingency By Nature Of Contingency [Line Items]
Products containing asbestos, percent	Less than 2 percent
Payment to third party parent company	$ 40
Agreed upon financing related to third party bankruptcy filing	20
Payment related to third party reorganization	20
Payment to third party parent company upon reorganization	40
Loss Contingency Accrual At Carrying Value	$ 1,124	$ 1,125
Current claimants	260,000
Settlement Payments upon trust establishment	$ 100
Future liabilities range low	743
Future liabilities range high	961
Insurance recoveries for asbestos related liabilities	691	718
High excess insurance coverage amount	180
Bendix Asbestos Loss Contingency Liability [Member]
Loss Contingency By Nature Of Contingency [Line Items]
Loss Contingency Accrual At Carrying Value	603	594
Insurance recoveries for asbestos related liabilities	$ 161	157
Basis Of Future Asbestos Claims Years	five
Loss contingency claims settled and dismissed number life to date	157,000
Trials with favorable verdicts	132
Trials with adverse verdicts	21
Adverse verdicts reversed	Five
Adverse verdicts vacated	five
Trials Adverse Verdicts Settled	three
Narco And Bendix Asbestos Loss Contingency Liability [Member]
Loss Contingency By Nature Of Contingency [Line Items]
Loss Contingency Accrual At Carrying Value	$ 1,727	1,719
Insurance recoveries for asbestos related liabilities	$ 852	$ 875

Goodwill and Other Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2011

Goodwill And Other Intangible Assets, Net (Tables) [Abstract]

Carrying amount of goodwill

								Currency
		December 31,						Translation		June 30,
		2010		Acquisitions		Divestitures		Adjustment		2011

Aerospace	$	1,883	$	-	$	-	$	8	$	1,891
Automation and Control
Solutions		7,907		32		(12)		175		8,102
Specialty Materials		1,291		-		-		10		1,301
Transportation Systems		194		-		-		4		198
	$	11,275	$	32	$	(12)	$	197	$	11,492

Schedule Of Acquired Finite And Indefinite Lived Intangible Assets By Major Class [Text Block]


		June 30, 2011						December 31, 2010
		Gross				Net		Gross				Net
		Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
		Amount		Amortization		Amount		Amount		Amortization		Amount
Determinable life intangibles:
Patents and technology	$	1,122	$	(729)	$	393	$	1,101	$	(676)	$	425
Customer relationships		1,610		(453)		1,157		1,688		(399)		1,289
Trademarks		266		(89)		177		186		(84)		102
Other		203		(137)		66		512		(404)		108
		3,201		(1,408)		1,793		3,487		(1,563)		1,924

Indefinite life intangibles:
Trademarks		554		-		554		613		-		613
	$	3,755	$	(1,408)	$	2,347	$	4,100	$	(1,563)	$	2,537

Commitments and Contingencies (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Commitments And Contingencies Details [Abstract]
Beginning of period	$ 753
Accruals for environmental matters deemed probable and reasonably estimable	101
Environmental liability payments	(80)
Other	1
End of period	775
Loss Contingency Classification of Accrual [Abstract]
Accrued Environmental Loss Contingencies Current	306	$ 328
Other liabilities	469	425
Total environmental liabilities	$ 775	$ 753

Comprehensive Income(Loss) (Tables)

6 Months Ended

Jun. 30, 2011

Comprehensive Income (Loss) (Tables) [Abstract]

Comprehensive Income Loss Tables [Text Block]

Note 12. Comprehensive Income/(Loss)

Comprehensive income/(loss) consists of the following:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Net income	$	810	$	574	$	1,518	$	1,070

Foreign exchange translation adjustments		116		(421)		507		(705)
Pension and postretirement benefit adjustments		4		(139)		7		(128)
Change in fair value of effective cash flow hedges		3		(6)		9		1
Change in unrealized gains on available for sale
investments^(a)		28		(21)		8		28
		961		(13)		2,049		266
Less: Comprehensive Income/(Loss) attributable to
noncontrolling interest^(b)		-		9		3		16

Comprehensive Income/(Loss) attributable to
Honeywell	$	961	$	(22)	$	2,046	$	250

(a) Includes reclassification adjustment for losses included in net income.

(b) Comprehensive Income/(Loss) attributable to noncontrolling interest consisted predominately of net income.

Minority Interest Disclosure [Text Block]


Changes in Noncontrolling Interest consist of the following:

December 31, 2010	$	121
Comprehensive Income/(Loss)
attributable to noncontrolling interest		3
Acquisitions		(1)
Dividends paid		(10)
Other owner changes		(1)

June 30, 2011	$	112

Acquisitions and Divestitures (Details) - USD ($)	3 Months Ended		6 Months Ended		9 Months Ended
Acquisitions and Divestitures (Details) - USD ($)	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Sep. 30, 2011
Disposal Group Including Discontinued Operation Income Statement Disclosures Abstract
Income from discontinuing operations, net of income taxes	$ 14,000,000	$ 16,000,000	$ 32,000,000	$ 34,000,000
Consumer Products Group [Member]
Divestitures Paragraph Details [Line Items]
Sale price (cash and noncash)					$ 950,000,000
Estimated pre-tax gain on sale					300,000,000
Estimated gain on sale, net of tax					$ 150,000,000
Disposal Group Including Discontinued Operation Income Statement Disclosures Abstract
Net sales	234,000,000	235,000,000	470,000,000	475,000,000
Costs, expenses and other	184,000,000	182,000,000	370,000,000	373,000,000
Selling, general and administrative expense	28,000,000	27,000,000	49,000,000	48,000,000
Other expense	1,000,000	1,000,000	1,000,000	1,000,000
Income before taxes	21,000,000	25,000,000	50,000,000	53,000,000
Tax expense	7,000,000	9,000,000	18,000,000	19,000,000
Income from discontinuing operations, net of income taxes	$ 14,000,000	$ 16,000,000	$ 32,000,000	$ 34,000,000
EMS [Member]
Acquisitions Paragraph Details [Line Items]
Business Acquisition, Date of Acquisition Agreement					June 2011
Business Acquisition, Name of Acquired Entity					EMS Technologies, Inc.
Business Acquisition Per Share Purchase Price					$ 33
Business Acquisition, Cost of Acquired Entity, Purchase Price					491,000,000
Business Acquisition Revenue Reported By Acquired Entity For Last Annual Period					$ 355,000,000

Long-term Debt and Credit Agreements (Tables)

6 Months Ended

Jun. 30, 2011

Long Term Debt And Credit Agreements Tables

Long-Term Debt and Credit Agreements

Note 10. Long-term Debt and Credit Agreements
		June 30,		December 31,
		2011		2010

6.125% notes due 2011	$	500	$	500
5.625% notes due 2012		-		400
4.25% notes due 2013		600		600
3.875% notes due 2014		600		600
5.40% notes due 2016		400		400
5.30% notes due 2017		400		400
5.30% notes due 2018		900		900
5.00% notes due 2019		900		900
4.25% notes due 2021		800		-
5.375% notes due 2041		600		-
Industrial development bond obligations, floating
rate maturing at various dates through 2037		37		46
6.625% debentures due 2028		216		216
9.065% debentures due 2033		51		51
5.70% notes due 2036		550		550
5.70% notes due 2037		600		600
Other (including capitalized leases), 0.6%-15.5%
maturing at various dates through 2023		150		115
		7,304		6,278
Less current portion		(514)		(523)
	$	6,790	$	5,755

Principal Payments on Long-Term Debt

		June 30, 2011

2011	$	514
2012		14
2013		610
2014		607
2015		1
Thereafter		5,558
		7,304
Less-current portion		(514)
	$	6,790

Other (Income) Expense (Tables)

6 Months Ended

Jun. 30, 2011

Other (Income) Expense (Tables) [Abstract]

Other (income) expense

Note 5. Other (income) expense
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Equity (income)/loss of affiliated companies	$	(14)	$	(9)	$	(23)	$	(13)
Gain on sale of non-strategic businesses and assets		(2)		-		(46)		-
Interest income		(14)		(7)		(27)		(16)
Foreign exchange		10		(3)		18		8
Other, net		(2)		10		27		10
	$	(22)	$	(9)	$	(51)	$	(11)

Accounts, Notes and Other Receivables (Tables)

6 Months Ended

Jun. 30, 2011

Accounts, Notes And Other Receivables (Tables) [Abstract]

Schedule Of Trade Notes And Other Receivables [Text Block]


Note 7. Accounts, Notes and Other Receivables
			June 30,		December 31,
			2011		2010

	Trade	$	6,961	$	6,471
	Other		645		647
			7,606		7,118
	Less - Allowance for doubtful accounts		(262)		(277)
		$	7,344	$	6,841

Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2011

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

Note 2. Recent Accounting Pronouncements

Changes to accounting principles generally accepted in the United States of America (U.S. GAAP) are established by the Financial Accounting Standards Board (FASB) in the form of accounting standards updates (ASU's) to the FASB's Accounting Standards Codification.

The Company considers the applicability and impact of all ASU's. ASU's not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position and results of operations.

In May 2011, the FASB issued amendments to disclosure requirements for common fair value measurement. These amendments, effective for the interim and annual periods beginning on or after December 15, 2011 (early adoption is prohibited), result in common definition of fair value and common requirements for measurement of and disclosure requirements between U.S. GAAP and IFRS. Consequently, the amendments change some fair value measurement principles and disclosure requirements. The implementation of this amended accounting guidance is not expected to have a material impact on our consolidated financial position and results of operations.

In June 2011, the FASB issued amendments to disclosure requirements for presentation of comprehensive income. This guidance, effective retrospectively for the interim and annual periods beginning on or after December 15, 2011 (early adoption is permitted), requires presentation of total comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The implementation of this amended accounting guidance is not expected to have a material impact on our consolidated financial position and results of operations.

Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2011	Dec. 31, 2010
Assets Current Abstract
Cash and cash equivalents	$ 3,548	$ 2,650
Accounts, notes and other receivables	7,344	6,841
Inventories	4,197	3,822
Deferred income taxes	926	877
Investments and other current assets	545	455
Assets held for sale	826	841
Total current assets	17,386	15,486
Investments and long-term receivables	516	616
Property, plant and equipment - net	4,718	4,724
Goodwill	11,492	11,275
Other intangible assets - net	2,347	2,537
Insurance recoveries for asbestos related liabilities	802	825
Deferred income taxes	1,115	1,221
Other assets	1,274	1,150
Total assets	39,650	37,834
Current liabilities:
Accounts payable	4,442	4,199
Short-term borrowings	68	67
Commercial paper	350	299
Current maturities of long-term debt	514	523
Accrued liabilities	6,555	6,446
Liabilities related to assets for sale	182	190
Total current liabilities	12,111	11,724
Long-term debt	6,790	5,755
Deferred income taxes	661	636
Postretirement benefit obligations other than pensions	1,411	1,477
Asbestos related liabilities	1,565	1,557
Other liabilities	4,928	5,898
SHAREOWNERS' EQUITY
Capital - common stock issued	958	958
Capital - additional paid in capital	4,089	3,977
Common stock held in treasury, at cost	(8,524)	(8,299)
Accumulated other comprehensive income (loss)	(536)	(1,067)
Retained earnings	16,085	15,097
Total Honeywell shareowners' equity	12,072	10,666
Noncontrolling interest	112	121
Total shareowners' equity	12,184	10,787
Total liabilities and shareowners' equity	$ 39,650	$ 37,834

Commitments and Contingencies

6 Months Ended

Jun. 30, 2011

Commitments And Contingencies [Abstract]

Commitments and Contingencies

Note 15. Commitments and Contingencies

Environmental Matters

We are subject to various federal, state, local and foreign government requirements relating to the protection of the environment. We believe that, as a general matter, our policies, practices and procedures are properly designed to prevent unreasonable risk of environmental damage and personal injury and that our handling, manufacture, use and disposal of hazardous substances are in accordance with environmental and safety laws and regulations. However, mainly because of past operations and operations of predecessor companies, we, like other companies engaged in similar businesses, have incurred remedial response and voluntary cleanup costs for site contamination and are a party to lawsuits and claims associated with environmental and safety matters, including past production of products containing hazardous substances. Additional lawsuits, claims and costs involving environmental matters are likely to continue to arise in the future.

With respect to environmental matters involving site contamination, we continually conduct studies, individually or jointly with other potentially responsible parties, to determine the feasibility of various remedial techniques. It is our policy to record appropriate liabilities for environmental matters when remedial efforts or damage claim payments are probable and the costs can be reasonably estimated. Such liabilities are based on our best estimate of the undiscounted future costs required to complete the remedial work. The recorded liabilities are adjusted periodically as remediation efforts progress or as additional technical, regulatory or legal information becomes available. Given the uncertainties regarding the status of laws, regulations, enforcement policies, the impact of other potentially responsible parties, technology and information related to individual sites, we do not believe it is possible to develop an estimate of the range of reasonably possible environmental loss in excess of our recorded liabilities. We expect to fund expenditures for these matters from operating cash flow. The timing of cash expenditures depends on a number of factors, including the timing of remedial investigations and feasibility studies, the timing of litigation and settlements of remediation liability, personal injury and property damage claims, regulatory approval of cleanup projects, remedial techniques to be utilized and agreements with other parties.

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

December 31, 2010	$	753
Accruals for environmental matters deemed
probable and reasonably estimable		101
Environmental liability payments		(80)
Other		1
June 30, 2011	$	775


Environmental liabilities are included in the following balance sheet accounts:

			June 30,		December 31,
			2011		2010
	Accrued liabilities	$	306	$	328
	Other liabilities		469		425
		$	775	$	753

Although we do not currently possess sufficient information to reasonably estimate the amounts of 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, they could be material to our consolidated results of operations or operating cash flows in the periods recognized or paid. However, considering our past experience and existing reserves, we do not expect that these environmental matters will have a material adverse effect on our consolidated financial position.

New Jersey Chrome Sites—The excavation and offsite disposal of approximately one million tons of chromium residue present at a predecessor Honeywell site located in Jersey City, New Jersey, known as Study Area 7 was completed in January 2010. We have also received approval of the United States District Court for the District of New Jersey for the implementation of related groundwater and sediment remedial actions, and are seeking the appropriate permits from state and federal agencies. Provisions have been made in our financial statements for the estimated cost of these remedies.

The above-referenced site is the most significant of the 21 sites located in Hudson County, New Jersey that are the subject of an Administrative Consent Order (ACO) entered into with the New Jersey Department of Environmental Protection (NJDEP) in 1993 (the “Honeywell ACO Sites”). Remedial investigations and activities consistent with the ACO have also been conducted and are underway at the other Honeywell ACO Sites. We have recorded reserves for the Honeywell ACO Sites where appropriate under the accounting policy described above.

We have entered into court-approved settlements of litigation filed in federal court against Honeywell and other landowners seeking the cleanup of chrome residue at groups of properties known as Study Areas 5, 6 South and 6 North of the Honeywell ACO Sites. The required remedial actions are consistent with our recorded reserves.

On May 3, 2005, NJDEP filed a lawsuit in New Jersey Superior Court against Honeywell and two other companies seeking declaratory and injunctive relief, unspecified damages, and the reimbursement of unspecified total costs relating to sites in New Jersey allegedly contaminated with chrome ore processing residue. The claims against Honeywell relate to the activities of a predecessor company which ceased its New Jersey manufacturing operations in the mid-1950's. Honeywell and the two other companies have agreed to settle this litigation with NJDEP, subject to Court approval. Under the settlement, Honeywell would pay $5 million of NJDEP's past costs, as well as accept sole responsibility to remediate 24 of the 53 “Publicly Funded Sites” (i.e., those sites for which none of the three companies had previously accepted responsibility). Honeywell would also bear 50% of the costs at another 10 Publicly Funded Sites. We have recorded reserves for the Publicly Funded Sites where appropriate under the accounting policy described above.

Dundalk Marine Terminal, Baltimore, MD—Chrome residue from legacy chrome plant operations in Baltimore was deposited as fill at the Dundalk Marine Terminal (“DMT”), which is owned and operated by the Maryland Port Administration (“MPA”). Honeywell and the MPA have been sharing costs to investigate and mitigate related environmental issues, and have entered into a cost sharing agreement under which Honeywell will bear 77 percent of the costs of developing and implementing permanent remedies for the DMT facility. In January 2011, the MPA and Honeywell submitted to the Maryland Department of the Environment (“MDE”) a Corrective Measures Alternatives Analysis (“CMAA”) of certain potential remedies for DMT to assist MDE in selection of a final remedy, which has not yet occurred. Provision has been made in our financial statements for the CMAA consistent with the accounting policy described above. We have negotiated a Consent Decree with the MPA and MDE with respect to the investigation and remediation of the DMT facility. The Consent Decree is being challenged in federal court by BUILD, a Baltimore community group, together with a local church and two individuals (collectively “BUILD”). In October 2007, the Court dismissed with prejudice BUILD's state law claims and dismissed without prejudice BUILD's RCRA claims regarding neighborhoods near the DMT facility. In August 2008, the Court held a hearing on the Company's motion to dismiss BUILD's remaining claims on the grounds that MDE is diligently prosecuting the investigation and remediation of the DMT. We are awaiting the Court's decision. We do not believe that this matter will have a material adverse impact on our consolidated financial position or operating cash flows. Given the scope and complexity of this project, it is possible that the cost of remediation, when determinable, could have a material adverse impact on our results of operations in the periods recognized.

Onondaga Lake, Syracuse, NY—We are implementing a combined dredging/capping remedy of Onondaga Lake pursuant to a consent decree approved by the United States District Court for the Northern District of New York in January 2007. We have accrued for our estimated cost of remediating Onondaga Lake based on currently available information and analysis performed by our engineering consultants. Honeywell is also conducting remedial investigations and activities at other sites in Syracuse. We have recorded reserves for these investigations and activities where appropriate under the accounting policy described above.

Honeywell has entered into a cooperative agreement with potential natural resource trustees to assess alleged natural resource damages relating to this site. It is not possible to predict the outcome or duration of this assessment, or the amounts of, or responsibility for, any damages.

Asbestos Matters

Like many other industrial companies, Honeywell is a defendant in personal injury actions related to asbestos. We did not mine or produce asbestos, nor did we make or sell insulation products or other construction materials that have been identified as the primary cause of asbestos related disease in the vast majority of claimants. Products containing asbestos previously manufactured by Honeywell or by previously owned subsidiaries primarily fall into two general categories: refractory products and friction products.

Refractory Products—Honeywell owned North American Refractories Company (NARCO) from 1979 to 1986. NARCO produced refractory products (high temperature bricks and cement) that were sold largely to the steel industry in the East and Midwest. Less than 2 percent of NARCO'S products contained asbestos.

When we sold the NARCO business in 1986, we agreed to indemnify NARCO with respect to personal injury claims for products that had been discontinued prior to the sale (as defined in the sale agreement). NARCO retained all liability for all other claims. On January 4, 2002, NARCO filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

As a result of the NARCO bankruptcy filing, all of the claims pending against NARCO are automatically stayed pending the reorganization of NARCO. In addition, the bankruptcy court enjoined both the filing and prosecution of NARCO-related asbestos claims against Honeywell. The stay has remained in effect continuously since January 4, 2002. In connection with NARCO's bankruptcy filing, we paid NARCO's parent company $40 million and agreed to provide NARCO with up to $20 million in financing. We also agreed to pay $20 million to NARCO's parent company upon the filing of a plan of reorganization for NARCO acceptable to Honeywell (which amount was paid in December 2005 following the filing of NARCO's Third Amended Plan of Reorganization), and to pay NARCO's parent company $40 million, and to forgive any outstanding NARCO indebtedness to Honeywell, upon the effective date of the plan of reorganization.

We believe that, as part of the NARCO plan of reorganization, a trust will be established for the benefit of all asbestos claimants, current and future, pursuant to Trust Distribution Procedures negotiated with the NARCO Asbestos Claimants Committee and the Court-appointed legal representative for future asbestos claimants. If the trust is put in place and approved by the Court as fair and equitable, Honeywell as well as NARCO will be entitled to 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 products to be made against the federally-supervised trust. Honeywell has reached agreement with the representative for future NARCO claimants and the Asbestos Claimants Committee to cap its annual contributions to the trust with respect to future claims at a level that would not have a material impact on Honeywell's operating cash flows.

In November 2007, the Bankruptcy Court entered an amended order confirming the NARCO Plan without modification and approving the 524(g) trust and channeling injunction in favor of NARCO and Honeywell. In December 2007, certain insurers filed an appeal of the Bankruptcy Court Order in the United States District Court for the Western District of Pennsylvania. The District Court affirmed the Bankruptcy Court Order in July 2008. In August 2008, insurers filed a notice of appeal to the Third Circuit Court of Appeals. Oral argument took place on May 21, 2009 and the matter was submitted for decision. In connection with the settlement of an insurance coverage litigation matter, the insurer appellants withdrew their appeal regarding the NARCO Plan. On August 3, 2010 the Third Circuit Court of Appeals entered an order formally dismissing the NARCO appeal. The NARCO Plan of Reorganization cannot become effective, however, until the resolution of an appeal of the Chapter 11 proceedings of NARCO affiliates. The Third Circuit reheard the affiliates' appeal en banc on October 13, 2010 and, on May 4, 2011, reversed the Bankruptcy Court's confirmation order and remanded for further proceedings. The affiliates' case has been returned to the Bankruptcy Court where the parties are working to resolve their disputes. The time for the affiliates to seek review of the Third Circuit decision in the U.S. Supreme Court has not yet expired. It is not possible to predict the timing or outcome of the Bankruptcy Court proceedings in the affiliates' case or of Supreme Court proceedings, if any, although the result in the affiliates' case will have no direct substantive impact on the NARCO case. We expect that the stay enjoining litigation against NARCO and Honeywell will remain in effect until the effective date of the NARCO Plan of Reorganization.

Our consolidated financial statements reflect an estimated liability for settlement of pending and future NARCO-related asbestos claims of $1,124 million and $1,125 million as of June 30, 2011 and December 31, 2010, respectively. The estimated liability for pending claims is based on terms and conditions, including evidentiary requirements, in definitive agreements with approximately 260,000 current claimants, and an estimate of the unsettled claims pending as of the time NARCO filed for bankruptcy protection. Substantially all settlement payments with respect to current claims have been made. Approximately $100 million of payments due pursuant to these settlements is due only upon establishment of the NARCO trust.

The estimated liability for future claims represents the estimated value of future asbestos related bodily injury claims expected to be asserted against NARCO through 2018 and the aforementioned obligations to NARCO's parent. In light of the uncertainties inherent in making long-term projections we do not believe that we have a reasonable basis for estimating asbestos claims beyond 2018. The estimate is based upon the disease criteria and payment values contained in the NARCO Trust Distribution Procedures negotiated with the NARCO Asbestos Claimants Committee and the NARCO future claimants' representative. Honeywell projected the probable number and value, including trust claim handling costs, of asbestos related future liabilities based upon experience of asbestos claims filing rates in the tort system and in certain operating asbestos trusts, and the claims experience in those forums. The valuation methodology also includes an analysis of the population likely to have been exposed to asbestos containing products, epidemiological studies to estimate the number of people likely to develop asbestos related diseases, NARCO claims filing history, the pending inventory of NARCO asbestos related claims and payment rates expected to be established by the NARCO trust. This methodology used to estimate the liability for future claims has been commonly accepted by numerous courts and resulted in a range of estimated liability for future claims of $743 to $961 million. We believe that no amount within this range is a better estimate than any other amount and accordingly, we have recorded the minimum amount in the range.

As of June 30, 2011 and December 31, 2010, our consolidated financial statements reflect an insurance receivable corresponding to the liability for settlement of pending and future NARCO-related asbestos claims of $691 and $718 million, respectively. This coverage reimburses Honeywell for portions of the costs incurred to settle NARCO related claims and court judgments as well as defense costs and 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. At June 30, 2011, a significant portion of this coverage is with insurance companies with whom we have agreements to pay full policy limits based on corresponding Honeywell claims costs. We conduct analyses to determine the amount of insurance that we estimate is probable of recovery in relation to payment of current and estimated future claims. While the substantial majority of our insurance carriers are solvent, some of our individual carriers are insolvent, which has been considered in our analysis of probable recoveries. We made judgments concerning insurance coverage that we believe are reasonable and consistent with our historical dealings with our insurers, our knowledge of any pertinent solvency issues surrounding insurers and various judicial determinations relevant to our insurance programs.

In the second quarter of 2006, Travelers Casualty and Insurance Company (“Travelers”) filed a lawsuit against Honeywell and other insurance carriers in the Supreme Court of New York, County of New York, disputing obligations for NARCO-related asbestos claims under high excess insurance coverage issued by Travelers and other insurance carriers. In July 2010, the Company entered into a settlement agreement resolving all asbestos coverage issues with certain plaintiffs. Approximately $180 million of remaining unsettled coverage is included in our NARCO-related insurance receivable at June 30, 2011. Honeywell believes it is entitled to the coverage at issue and expects to prevail in this matter. In the third quarter of 2007, Honeywell prevailed on a critical choice of law issue concerning the appropriate method of allocating NARCO-related asbestos liabilities to triggered policies. The plaintiffs appealed and the trial court's ruling was upheld by the intermediate appellate court in the second quarter of 2009. Plaintiffs' further appeal to the New York Court of Appeals, the highest court in New York, was denied in October 2009. A related New Jersey action brought by Honeywell has been dismissed, but all coverage claims against plaintiffs have been preserved in the New York action. Based upon (i) our understanding of relevant facts and applicable law, (ii) the terms of insurance policies at issue, (iii) our experience on matters of this nature, and (iv) the advice of counsel, we believe that the amount due from Travelers and other insurance carriers is probable of recovery. While Honeywell expects to prevail in this matter, an adverse outcome could have a material impact on our results of operations in the period recognized but would not be material to our consolidated financial position or operating cash flows.

Projecting future events is subject to many uncertainties that could cause the NARCO related asbestos liabilities or assets to be higher or lower than those projected and recorded. There is no assurance that the plan of reorganization will become final, that insurance recoveries will be timely or whether there will be any NARCO related asbestos claims beyond 2018. Given the inherent uncertainty in predicting future events, we review our estimates periodically, and update them based on our experience and other relevant factors. Similarly, we will reevaluate our projections concerning our probable insurance recoveries in light of any changes to the projected liability or other developments that may impact insurance recoveries.

Friction Products—Honeywell's Bendix friction materials (Bendix) business manufactured automotive brake parts that contained chrysotile asbestos in an encapsulated form. Existing and potential 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.

From 1981 through June 30, 2011, we have resolved approximately 157,000 Bendix related asbestos claims. We had 132 trials resulting in favorable verdicts and 21 trials resulting in adverse verdicts. Five of these adverse verdicts were reversed on appeal, five verdicts were vacated on post-trial motions, three claims were settled and the remaining have been or will be appealed. The claims portfolio was reduced in 2009 due to settlements, dismissals and the elimination of significantly aged (i.e., pending for more than six years), inactive (including claims for which the required medical and exposure showings have not been made) and duplicate claims.

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

	Six Months Ended		Year Ended
		June 30,	December 31,
Claims Activity		2011	2010	2009

Claims Unresolved at the beginning of period		22,480	19,940	51,951
Claims Filed during the period ^(a)		1,917	4,302	2,697
Claims Resolved during the period^(b)		(1,366)	(1,762)	(34,708)

Claims Unresolved at the end of period		23,031	22,480	19,940

(a) The number of claims filed in 2010 includes approximately 1,541 non-malignant claims (with an accrued liability of approximately $575 thousand in the aggregate), a majority of which had previously been dismissed in Mississippi and re-filed in Arkansas.
(b) The number of claims resolved in 2010 includes approximately 1,300 claims previously classified as inactive (95% non-malignant and accrued liability of approximately $2.0 million) which were activated during 2010.


Disease Distribution of Unresolved Claims	June 30,	December 31,
	2011	2010	2009

Mesothelioma and Other Cancer Claims	5,069	4,856	4,727
Other Claims	17,962	17,624	15,213

Total Claims	23,031	22,480	19,940

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

			Year Ended December 31,
			2010		2009		2008		2007		2006

			(in whole dollars)
Malignant claims		$	54,000	$	50,000	$	65,000	$	33,000	$	33,000
Nonmalignant claims		$	1,300	$	200	$	1,500	$	500	$	250

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

Our consolidated financial statements reflect an estimated liability for resolution of pending and future Bendix related asbestos claims of $603 and $594 million at June 30, 2011 and December 31, 2010, respectively. Our liability for the estimated cost of future Bendix related asbestos claims is based on historic claims filing experience, disease classifications, expected resolution values, and historic dismissal rates. In the fourth quarter of each year, we update our analysis of the estimated cost of future Bendix related asbestos claims. We have valued Bendix pending and future claims using average resolution values for the previous five years. Changes in the tort system, which began in 2006, refocused asbestos litigation on mesothelioma cases, making the five year period 2006 through 2010 representative for forecasting purposes. We will continue to update the expected resolution values used to estimate the cost of pending and future Bendix claims during the fourth quarter each year.

The estimated liability for future claims represents the estimated value of future asbestos related bodily injury claims expected to be asserted against Bendix over the next five years. In light of the uncertainties inherent in making long-term projections, as well as certain factors unique to friction product asbestos claims, we do not believe that we have a reasonable basis for estimating asbestos claims beyond the next five years. The estimate is based upon Bendix historical experience in the tort system for the five years ended December 31, 2010 with respect to claims filing and resolution values. The methodology used to estimate the liability for future claims has been commonly accepted by numerous courts. It is similar to that used to estimate the future NARCO related asbestos claims liability.

Honeywell currently has approximately $1.9 billion of insurance coverage remaining with respect to pending and potential future Bendix related asbestos claims, of which $161 and $157 million are reflected as receivables in our consolidated balance sheet at June 30, 2011 and December 31, 2010, respectively. 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. Insurance receivables are recorded in the financial statements simultaneous with the recording of the liability for the estimated value of the underlying asbestos claims. The amount of the insurance receivable recorded is based on our ongoing analysis of the insurance that we estimate is probable of recovery. This determination is based on our analysis of the underlying insurance policies, our historical experience with our insurers, our ongoing review of the solvency of our insurers, our interpretation of judicial determinations relevant to our insurance programs, and our consideration of the impacts of any settlements reached with our insurers. Insurance receivables are also recorded when structured insurance settlements provide for future fixed payment streams that are not contingent upon future claims or other events. Such amounts are recorded at the net present value of the fixed payment stream.

On a cumulative historical basis, Honeywell has recorded insurance receivables equal to approximately 40 percent of the value of the underlying asbestos claims recorded. However, because there are gaps in our coverage due to insurance company insolvencies, certain uninsured periods, and insurance settlements, this rate is expected to decline for any future Bendix related asbestos liabilities that may be recorded. Future recoverability rates may also be impacted by numerous other factors, such as future insurance settlements, insolvencies and judicial determinations relevant to our coverage program, which are difficult to predict. Assuming continued defense and indemnity spending at current levels, we estimate that the cumulative recoverability rate could decline over the next five years to approximately 35 percent.

Honeywell believes it has sufficient insurance coverage and reserves to cover all pending Bendix related asbestos claims and Bendix related asbestos claims estimated to be filed within the next five years. Although it is impossible to predict the outcome of either pending or future Bendix related asbestos claims, we do not believe that such claims would have a material adverse effect on our consolidated financial position in light of our insurance coverage and our prior experience in resolving such claims. If the rate and types of claims filed, the average resolution value of such claims and the period of time over which claim settlements are paid (collectively, the “Variable Claims Factors”) do not substantially change, Honeywell would not expect future Bendix related asbestos claims to have a material adverse effect on our results of operations or operating cash flows in any fiscal year. No assurances can be given, however, that the Variable Claims Factors will not change.

Refractory and Friction Products — The following tables summarize information concerning NARCO and Bendix asbestos related balances:

Asbestos Related Liabilities
		Bendix		NARCO		Total

December 31, 2010	$	594	$	1,125	$	1,719
Accrual for update to estimated liability		90		0		90
Asbestos related liability payments		(81)		(1)		(82)

June 30, 2011	$	603	$	1,124	$	1,727

Insurance Recoveries for Asbestos Related Liabilities
		Bendix		NARCO		Total

December 31, 2010	$	157	$	718	$	875
Probable insurance recoveries related to
estimated liability		13		0		13
Insurance receipts for asbestos related liabilities		(9)		(27)		(36)

June 30, 2011	$	161	$	691	$	852

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

		June 30,		December 31,
		2011		2010

Other current assets	$	50	$	50
Insurance recoveries for asbestos related liabilities		802		825

	$	852	$	875

Accrued liabilities	$	162	$	162
Asbestos related liabilities		1,565		1,557

	$	1,727	$	1,719

Other Matters

We are subject to a number of other lawsuits, investigations and disputes (some of which involve substantial amounts claimed) arising out of the conduct of our business, including matters relating to commercial transactions, government contracts, product liability, prior acquisitions and divestitures, employee benefit plans, intellectual property, and environmental, health and safety matters. We recognize a liability for any contingency that is probable of occurrence and reasonably estimable. We continually assess the likelihood of adverse judgments of outcomes in these 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. Included in these other matters are the following:

Allen, et al. v. Honeywell Retirement Earnings Plan—Pursuant to a settlement approved by the U.S. District Court for the District of Arizona in February 2008, 18 of 21 claims alleged by plaintiffs in this class action lawsuit were dismissed with prejudice in exchange for approximately $35 million (paid from the Company's pension plan) and the maximum aggregate liability for the remaining three claims (alleging that Honeywell impermissibly reduced the pension benefits of certain employees of a predecessor entity when the plan was amended in 1983 and failed to calculate benefits in accordance with the terms of the plan) was capped at $500 million. In October 2009, the Court granted summary judgment in favor of the Honeywell Retirement Earnings Plan with respect to the claim regarding the calculation of benefits. In May 2011, the parties engaged in mediation and reached an agreement in principle to settle the three remaining claims for $23.8 million (also to be paid from the Company's pension plan). We expect to submit settlement documents to the court for classwide approval in the third quarter of 2011 and anticipate a fairness hearing on the settlement in the fourth quarter of 2011. Upon court approval of the settlement, all claims in this matter will be fully resolved.

Quick Lube—On March 31, 2008, S&E Quick Lube, a filter distributor, filed suit in U.S. District Court for the District of Connecticut alleging that twelve filter manufacturers, including Honeywell, engaged in a conspiracy to fix prices, rig bids and allocate U.S. customers for aftermarket automotive filters. This suit is a purported class action on behalf of direct purchasers of filters from the defendants. Parallel purported class actions, including on behalf of indirect purchasers of filters, have been filed by other plaintiffs in a variety of jurisdictions in the United States and Canada. The U.S cases have been consolidated into a single multi-district litigation in the Northern District of Illinois. In April 2011, the multi-district litigation was stayed pending an investigation by the U.S. Attorney for the Eastern District of Pennsylvania relating to plaintiff's principal witness for possible violations of federal law. In June 2011, plaintiff's principal witness pled guilty to a felony count of having made false statements to federal investigators. We believe the claims against Honeywell are without merit and we will vigorously defend against the claims raised in these actions. As previously reported, the Antitrust Division of the Department of Justice notified Honeywell in January 2010 that it had officially closed its investigation into possible collusion in the replacement auto filters industry.

BorgWarner v. Honeywell—In this patent infringement suit in the District Court for the Western District of North Carolina, plaintiff BorgWarner claimed that Honeywell's manufacture and sale of cast titanium compressor wheels for turbochargers infringed three BorgWarner patents and sought damages of up to approximately $120 million, which plaintiff asserted should be trebled for willful infringement. Because the process claimed in BorgWarner's patents had already been described in detail in printed publications and had been offered for sale before BorgWarner's alleged invention, in violation of statutory requirements for patentability, Honeywell asked the Court to enter summary judgment of invalidity of BorgWarner's patents. The Court declined to enter summary judgment in September 2010, finding that the question should be decided by a jury. Trial was scheduled for May 2011. Honeywell and BorgWarner reached a settlement prior to the start of trial by which BorgWarner granted Honeywell a license to the patents-in-suit and a release of all claims for past damages in exchange for a one-time payment of $32.5 million.

Solvay v. Honeywell— In this patent infringement suit in the District Court for the District of Delaware, plaintiff Solvay, S.A. claims that Honeywell's manufacture and sale of HFC-245fa infringes a Solvay patent and seeks damages of approximately $50 million, which plaintiff asserts should be trebled for willful infringement. Because Honeywell does not believe that Solvay was the first to conceive of the process claimed in the patent, and because that process had already been carried out by others before Solvay's claimed invention, Honeywell asked the Court to enter summary judgment motion of invalidity of Solvay's patent claims under several alternative theories based on different provisions of the patent statutes. Solvay also moved for summary judgment motion of infringement of the same claims. The Court entered a summary judgment motion finding that Honeywell's process infringed the asserted patent claims, but also finding that those claims were not valid based on one of Honeywell's invalidity theories and thus entered judgment for Honeywell on Solvay's claims. Solvay appealed the District Court's invalidity ruling to the Federal Circuit and Honeywell challenged the infringement rulings. The Federal Circuit reversed the District Court's ruling on invalidity and affirmed the rulings on infringement. The District Court has scheduled the case for trial beginning on September 21, 2011. Honeywell filed a renewed summary judgment motion, with leave of the Court, based on the invalidity theories that have not been previously ruled upon by the Court. The parties participated in a court-ordered mediation in June 2011, which was not successful. Honeywell will continue its vigorous defense of this claim and expects to prevail at trial. In the event the Company is found liable, we do not believe that the evidence supports damages of the magnitude claimed or any finding of willfulness.

Given the uncertainty inherent in litigation and investigations (including the specific matters referenced above), we do not believe it is possible to develop estimates of reasonably possible loss in excess of current accruals for these matters. Considering our past experience and existing accruals, we do not expect the outcome of these matters, either individually or in the aggregate, to have a material adverse effect on our consolidated financial position. Because most contingencies are resolved over long periods of time, potential liabilities are subject to change due to new developments, changes in settlement strategy or the impact of evidentiary requirements, which could cause us to pay damage awards or settlements (or become subject to equitable remedies) that could have a material adverse effect on our results of operations or operating cash flows in the periods recognized or paid.

Financial Instruments and Fair Value Measures

6 Months Ended

Jun. 30, 2011

Financial Instruments And Fair Value Measures [Abstract]

Financial Instruments and Fair Value Measures

Note 11. Financial Instruments and Fair Value Measures

Credit and Market Risk—Financial instruments, including derivatives, expose us to counterparty credit risk for nonperformance and to market risk related to changes in interest and currency exchange rates and commodity prices. We manage our exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties, and procedures to monitor concentrations of credit risk. Our counterparties in derivative transactions are substantial investment and commercial banks with significant experience using such derivative instruments. We monitor the impact of market risk on the fair value and cash flows of our derivative and other financial instruments considering reasonably possible changes in interest rates, currency exchange rates and commodity prices and restrict the use of derivative financial instruments to hedging activities.

We continually monitor the creditworthiness of our customers to which we grant credit terms in the normal course of business. The terms and conditions of our credit sales are designed to mitigate or eliminate concentrations of credit risk with any single customer. Our sales are not materially dependent on a single customer or a small group of customers.

Foreign Currency Risk Management—We conduct our business on a multinational basis in a wide variety of foreign currencies. Our exposure to market risk for changes in foreign currency exchange rates arises from international financing activities between subsidiaries, foreign currency denominated monetary assets and liabilities and transactions arising from international trade. Our objective is to preserve the economic value of non-functional currency denominated cash flows. We attempt to hedge transaction exposures with natural offsets to the fullest extent possible and, once these opportunities have been exhausted, through foreign currency exchange forward and option contracts with third parties.

We hedge monetary assets and liabilities denominated in non-functional currencies. Prior to conversion into U.S. dollars, these assets and liabilities are remeasured at spot exchange rates in effect on the balance sheet date. The effects of changes in spot rates are recognized in earnings and included in Other (Income) Expense. We partially hedge forecasted sales and purchases, which predominantly occur in the next twelve months and are denominated in non-functional currencies, with currency forward contracts. Changes in the forecasted non-functional currency cash flows due to movements in exchange rates are substantially offset by changes in the fair value of the currency forward contracts designated as hedges. Market value gains and losses on these contracts are recognized in earnings when the hedged transaction is recognized. Open foreign currency exchange forward contracts mature predominantly in the next twelve months. At June 30, 2011 and December 31, 2010, we had contracts with notional amounts of $5,684 million and $5,733 million respectively, to exchange foreign currencies, principally the U.S. dollar, Euro, British pound, Canadian dollar, Hong Kong dollar, Mexican peso, Swiss franc, Czech koruna, Chinese renminbi, Indian rupee, Singapore dollar, Swedish krona, Korean won and Thai baht.

Commodity Price Risk Management—Our exposure to market risk for commodity prices can result in changes in our cost of production. We primarily mitigate our exposure to commodity price risk through the use of long-term, fixed-price contracts with our suppliers and formula price agreements with suppliers and customers. We also enter into forward commodity contracts with third parties designated as hedges of anticipated purchases of several commodities. Forward commodity contracts are marked-to-market, with the resulting gains and losses recognized in earnings when the hedged transaction is recognized. At June 30, 2011 and December 31, 2010, we had contracts with notional amounts of $27 million and $23 million, respectively, related to forward commodity agreements, principally base metals and natural gas.

Interest Rate Risk Management— We use a combination of financial instruments, including long-term, medium-term and short-term financing, variable-rate commercial paper, and interest rate swaps to manage the interest rate mix of our total debt portfolio and related overall cost of borrowing. At June 30, 2011 and December 31, 2010, interest rate swap agreements designated as fair value hedges effectively changed $1,400 and $600 million, respectively, of fixed rate debt at an average rate of 4.09 and 3.88 percent, respectively, to LIBOR based floating rate debt. Our interest rate swaps mature at various dates through 2021.

Fair Value of Financial Instruments— The FASB's accounting guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The FASB's guidance classifies the inputs used to measure fair value into the following hierarchy:

	Level 1		Unadjusted quoted prices in active markets for identical assets or liabilities
	Level 1
	Level 2		Unadjusted quoted prices in active markets for similar assets or liabilities, or

			Unadjusted quoted prices for identical or similar assets or liabilities in markets
			that are not active, or

			Inputs other than quoted prices that are observable for the asset or liability

	Level 3		Unobservable inputs for the asset or liability

The Company endeavors to utilize the best available information in measuring fair value. 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 Company has determined that our available for sale investments in marketable equity securities are level 1 and our remaining financial assets and liabilities are level 2 in the fair value hierarchy. The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2011 and December 31, 2010:

		June 30,		December 31,
		2011		2010
Assets:
Foreign currency exchange contracts	$	56	$	16
Available for sale investments		399		322
Interest rate swap agreements		55		22
Forward commodity contracts		3		2

Liabilities:
Foreign currency exchange contracts	$	48	$	14
Forward commodity contracts		-		2

The foreign currency exchange contracts, interest rate swap agreements, and forward 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, and time deposits that are designated as available for sale and are valued using market transactions in over-the-counter markets. As such, these investments are classified within level 2.

The carrying value of cash and cash equivalents, trade accounts and notes receivables, payables, commercial paper and short-term borrowings contained in the Consolidated Balance Sheet approximates fair value. The following table sets forth the Company's financial assets and liabilities that were not carried at fair value:

	June 30, 2011				December 31, 2010
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Assets
Long-term receivables	$	136	$	130	$	203	$	199
Liabilities
Long-term debt and related current maturities	$	7,304	$	7,864	$	6,278	$	6,835

In the three and six months ended June 30, 2011, the Company had nonfinancial assets, specifically property, plant and equipment, with a net book value of $5 million and $15 million, respectively, which were accounted for at fair value on a nonrecurring basis. These assets were tested for impairment and based on the fair value of these assets the Company recognized losses of $2 million and $12 million, respectively, in the three and six months ended June 30, 2011. The Company has determined that the fair value measurements of these nonfinancial assets are level 3 in the fair value hierarchy. In the three and six months ended June 30, 2010, the Company had nonfinancial assets, specifically property, plant and equipment, software and intangible assets, with a net book value of $4 million and $18 million, respectively, that were accounted for at fair value on a nonrecurring basis. Based on the fair value of these assets the Company recognized losses of $4 million and $17 million, respectively, in the three and six months ended June 30, 2010.

The derivatives utilized for risk management purposes as detailed above are included on the Consolidated Balance Sheet and impacted the Statement of Operations as follows:

Fair value of derivatives classified as assets consist of the following:
			June 30,		December 31,
Designated as a Hedge	Balance Sheet Classification		2011		2010

Foreign currency exchange contracts	Accounts, notes, and other receivables	$	53	$	10
Interest rate swap agreements	Other assets		55		22
Commodity contracts	Accounts, notes, and other receivables		3		2

			June 30,		December 31,
Not Designated as a Hedge	Balance Sheet Classification		2011		2010

Foreign currency exchange contracts	Accounts, notes, and other receivables	$	3	$	6


Fair value of derivatives classified as liabilities consist of the following:
			June 30,		December 31,
Designated as a Hedge	Balance Sheet Classification		2011		2010

Foreign currency exchange contracts	Accrued liabilities	$	43	$	9
Commodity contracts	Accrued liabilities		-		2

			June 30,		December 31,
Not Designated as a Hedge	Balance Sheet Classification		2011		2010

Foreign currency exchange contracts	Accrued liabilities	$	5	$	5


Gains (losses) recognized in OCI (effective portions) consist of the following:

		Three Months Ended				Six Months Ended
		June, 30				June, 30
Designated Cash Flow Hedge		2011		2010		2011		2010

Foreign currency exchange contracts	$	8	$	(12)	$	16	$	8
Commodity contracts		(1)		(1)		2		(3)


Gains (losses) reclassified from AOCI to income consist of the following:

			Three Months Ended				Six Months Ended
Designated			June 30,				June 30,
Cash Flow Hedge	Income Statement Location		2011		2010		2011		2010

Foreign currency exchange contracts	Product sales	$	10	$	(3)	$	16	$	(6)
	Cost of products sold		(11)		7		(16)		9
	Sales & general administrative		4		(4)		6		(3)

Commodity contracts	Cost of products sold	$	1	$	(2)	$	0	$	(3)

Ineffective portions of commodity derivative instruments designated in cash flow hedge relationships were insignificant in the three and six months ended June 30, 2011 and 2010 and are classified within cost of products sold. Foreign currency exchange contracts in cash flow hedge relationships qualify as critical matched terms hedge relationships and as a result have no ineffectiveness.

Interest rate swap agreements are designated as hedge relationships with gains or (losses) on the derivative recognized in Interest and other financial charges offsetting the gains and losses on the underlying debt being hedged. Gains on interest rate swap agreements recognized in earnings were $24 and $33 million in the three and six months ended June 30, 2011. Gains on interest rate swap agreements recognized in earnings were $16 million and $20 million in both the three and six months ended June 30, 2010. These gains were fully offset by losses on the underlying debt being hedged.

We also economically hedge our exposure to changes in foreign exchange rates principally with forward contracts. These contracts are marked-to-market with the resulting gains and losses recognized in earnings offsetting the gains and losses on the non-functional currency denominated monetary assets and liabilities being hedged. For the three and six months ended June 30, 2011, we recognized $15 million and $38 million of income, respectively, in Other (Income) Expense. For the three and six months ended June 30, 2010, we recognized $6 million of income and $16 million of expense, respectively, in Other (Income) Expense.

Consolidated Statement of Operations - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statement of Operations - USD ($)	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Consolidated Statement of Operations
Product sales	$ 7,146,000,000	$ 6,184,000,000	$ 13,959,000,000	$ 11,991,000,000
Service sales	1,940,000,000	1,742,000,000	3,799,000,000	3,471,000,000
Net sales	9,086,000,000	7,926,000,000	17,758,000,000	15,462,000,000
Costs, expenses and other
Cost of products sold	5,425,000,000	4,783,000,000	10,619,000,000	9,279,000,000
Cost of services sold	1,239,000,000	1,184,000,000	2,469,000,000	2,355,000,000
Cost of products and services sold	6,664,000,000	5,967,000,000	13,088,000,000	11,634,000,000
Selling, general and administrative expense	1,248,000,000	1,110,000,000	2,480,000,000	2,200,000,000
Other (income) expense	(22,000,000)	(9,000,000)	(51,000,000)	(11,000,000)
Interest and other financial charges	96,000,000	91,000,000	195,000,000	198,000,000
Cost and operating expenses	7,986,000,000	7,159,000,000	15,712,000,000	14,021,000,000
Income from continuing operations before taxes	1,100,000,000	767,000,000	2,046,000,000	1,441,000,000
Tax expense	304,000,000	209,000,000	560,000,000	405,000,000
Income from continuing operations after taxes	796,000,000	558,000,000	1,486,000,000	1,036,000,000
Net income from discontinued operations after taxes	14,000,000	16,000,000	32,000,000	34,000,000
Net income	810,000,000	574,000,000	1,518,000,000	1,070,000,000
Less: Net income attributable to the noncontrolling interest	0	8,000,000	3,000,000	15,000,000
Net income attributable to Honeywell	810,000,000	566,000,000	1,515,000,000	1,055,000,000
Amounts attributable to Honeywell
Income from continuing operations less net income attributable to the noncontrolling interest	796,000,000	550,000,000	1,483,000,000	1,021,000,000
Income from discontinued operations	14,000,000	16,000,000	32,000,000	34,000,000
Net income attributable to Honeywell	810,000,000	566,000,000	1,515,000,000	1,055,000,000
Earnings per share continuing operations - basic:	1.01	0.72	1.89	1.33
Earnings per share discontinued operations - basic:	0.02	0.02	0.04	0.04
Earnings per share of common stock-basic:	1.03	0.74	1.93	1.37
Earnings per share continuing operations - assuming dilution:	1.00	0.71	1.86	1.32
Earnings per share discontinued operations - assuming dilution:	0.02	0.02	0.04	0.04
Earnings per share of common stock- assuming dilution:	1.02	0.73	1.90	1.36
Cash dividends per share of common stock	$ 0.3325	$ 0.3025	$ 0.6650	$ 0.6050

Commitments and Contingencies (Details 2) $ in Millions	6 Months Ended
Commitments and Contingencies (Details 2) $ in Millions	Jun. 30, 2011 USD ($)
New Jersey Chrome Sites [Member]
Environmental Matters Paragraph Details [Abstract]
Study area 7 chromium residue	one million tons
Site Contingency Number Of Aco Sites	21
Third party past costs	$ 5
Publicly funded sites, fully responsible	24
Publicly funded sites, total	53
Partially responsible sites, percent	50.00%
Number of sites, partially responsible	10
Dundalk Marine Terminal [Member]
Environmental Matters Paragraph Details [Abstract]
Cost of developing and implementing permanent remedy percent	77.00%

Comprehensive Income(Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Net income	$ 810	$ 574	$ 1,518	$ 1,070
Foreign exchange translation adjustments	116	(421)	507	(705)
Pension and postretirement benefit adjustments	4	(139)	7	(128)
Change in fair value of effective cash flow hedges	3	(6)	9	1
Change in unrealized losses on available for sale investments	28	(21)	8	28
Total Comprehensive Income	961	(13)	2,049	266
Less: Comprehensive income/(loss) attributable to noncontrolling interest	0	9	3	16
Comprehensive Income (Loss) Attributable to Honeywell	961	(22)	2,046	250
Noncontrolling Interest [Abstract]
Prior Year End			121
Comprehensive income	0	$ 8	3	$ 15
Acquisitions			(1)
Dividends Paid			(10)
Other owner changes			(1)
Current Year to Date	$ 112		$ 112

Inventories

6 Months Ended

Jun. 30, 2011

Inventories [Abstract]

Inventories

Note 8. Inventories
			June 30,		December 31,
			2011		2010

	Raw materials	$	1,225	$	1,139
	Work in process		861		792
	Finished products		2,276		2,045
			4,362		3,976
	Reduction to LIFO cost basis		(165)		(154)
		$	4,197	$	3,822

Other (Income) Expense

6 Months Ended

Jun. 30, 2011

Other Income Expense [Abstract]

Other (income) expense Text Block

Note 5. Other (income) expense
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Equity (income)/loss of affiliated companies	$	(14)	$	(9)	$	(23)	$	(13)
Gain on sale of non-strategic businesses and assets		(2)		-		(46)		-
Interest income		(14)		(7)		(27)		(16)
Foreign exchange		10		(3)		18		8
Other, net		(2)		10		27		10
	$	(22)	$	(9)	$	(51)	$	(11)

Gain on non-strategic businesses and assets in the six months ended June 30, 2011 includes a $41 million pre-tax gain, $25 million net of tax, related to the divestiture of the automotive on-board sensor products business within our Automation and Control Solutions segment.

Other, net in the six months ended June 30, 2011 includes a loss of $29 million resulting from early redemption of debt in the first quarter of 2011. See Note 10 Long-term Debt and Credit Agreements for further details.

Repositioning and Other Charges (Tables)

6 Months Ended

Jun. 30, 2011

Repositioning and Other Charges (Tables) [Abstract]

Repositioning and other charges text block

Note 4. Repositioning and Other Charges

	A summary of repositioning and other charges follows:

			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2011		2010		2011		2010
Severance		$	16	$	25	$	43	$	57
Asset impairments			-		1		10		9
Exit costs			1		-		12		4
Adjustments			(10)		(3)		(14)		(8)
Total net repositioning charge			7		23		51		62

Asbestos related litigation charges,
net of insurance			40		49		78		87
Probable and reasonably estimable
environmental liabilities			50		55		101		101
Other			(3)		-		(3)		18

Total net repositioning and other charges		$	94	$	127	$	227	$	268

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

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

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Cost of products and services sold	$	84	$	122	$	202	$	260
Selling, general and administrative expenses		10		5		25		8
	$	94	$	127	$	227	$	268

Pretax Impact of Total Net Repositioning and Other Charges by Segment

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

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Aerospace	$	(6)	$	6	$	(6)	$	6
Automation and Control Solutions		12		5		45		29
Specialty Materials		-		-		13		11
Transportation Systems		40		47		76		105
Corporate		48		69		99		117
	$	94	$	127	$	227	$	268

Total Repositioning Reserves

The following table summarizes the status of our total repositioning reserves:

		Severance		Asset		Exit
		Costs		Impairments		Costs		Total

December 31, 2010	$	276	$	-	$	34	$	310
Charges		43		10		12		65
Usage - cash		(72)		-		(9)		(81)
Usage - noncash		-		(10)		-		(10)
Foreign currency translation		3		-		-		3
Adjustments		(14)		-		-		(14)

June 30, 2011	$	236	$	-	$	37	$	273

Restructuring and Related Activities, Reportable Segment


				Automation and
2011 Repositioning Actions		Aerospace		Control Solutions		Total

Expected exit and disposal costs	$	5	$	2	$	7
Costs incurred during:
Current year-to-date		-		-		-
Remaining exit and disposal costs	$	5	$	2	$	7


				Automation and		Transportation
2010 Repositioning Actions		Aerospace		Control Solutions		Systems		Total

Expected exit and disposal costs	$	9	$	10	$	3	$	22
Costs incurred during:
Year ended December 31, 2010		-		-		-		-
Current year-to-date		-		(3)		-		(3)

Remaining exit and disposal costs	$	9	$	7	$	3	$	19

Long-term Debt and Credit Agreements (Details) $ in Millions	1 Months Ended		3 Months Ended	6 Months Ended
	Mar. 31, 2011 USD ($)	Feb. 28, 2011 USD ($)	Mar. 31, 2011 USD ($)	Jun. 30, 2011 USD ($)	Dec. 31, 2010 USD ($)
Debt Instrument [Line Items]
Total Long-term debt				$ 7,304	$ 6,278
Less current portion				(514)	(523)
Total Noncurrent Debt				6,790	5,755
Proceeds From Issuance Of Long Term Debt			$ 1,400
Long-Term Debt, by Maturity [Abstract]
2011				514
2012				14
2013				610
2014				607
2015				1
Thereafter				5,558
Total Long-term debt				7,304	6,278
Less current portion				(514)	(523)
Total Long-term debt				6,790	5,755
Long Term Debt And Credit Agreements Paragraph Details [Abstract]
Payments Of Debt Extinguishment Costs				29
Payments Of Debt Issuance Costs		$ 19
Line Of Credit Facility Current Borrowing Capacity	$ 2,800		2,800
Line Of Credit Facility Maximum Borrowing Capacity	$ 3,500		3,500
Line Of Credit Facility Borrowing Capacity Description	The Credit Agreement is maintained for general corporate purposes, including support for the issuance of commercial paper
Line Of Credit Facility Expired	$ 2,800		$ 2,800
Notes 6.125% Due 2011 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 500	500
Various interest rates				6.125%
Notes 5.625% Due 2012 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 0	400
Various interest rates				5.625%
Repayment Of Notes				$ 400
Notes 4.25% Due 2013 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 600	600
Various interest rates				4.25%
Notes 3.875% Due 2014 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 600	600
Various interest rates				3.875%
Notes 5.40% Due 2016 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 400	400
Various interest rates				5.40%
Notes 5.30% Due 2017 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 400	400
Various interest rates				5.30%
Notes 5.30% Due 2018 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 900	900
Various interest rates				5.30%
Notes 5.0% Due 2019 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 900	900
Various interest rates				5.00%
Notes 4.25% Due 2021 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 800	0
Various interest rates				4.25%
Date of issuance				February 2011
Notes 5.375% Due 2041 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 600	0
Various interest rates				5.375%
Date of issuance				February 2011
Industrial Development Bond Obligations, Floating Rate Maturing At Various Dates Through 2037 [Member]
Debt Instrument [Line Items]
Industrial Development Bond				$ 37	46
Debentures 6.625% Due 2028 [Member]
Debt Instrument [Line Items]
Debentures				$ 216	216
Various interest rates				6.625%
Debentures 9.065% Due 2033 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 51	51
Various interest rates				9.065%
Notes 5.70% Due 2036 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 550	550
Various interest rates				5.70%
Notes 5.70% Due 2037 [Member]
Debt Instrument [Line Items]
Senior Notes				$ 600	600
Various interest rates				5.70%
Other (including capitalized leases), .6% to15.5% maturing at various dates through 2023 [Member]
Debt Instrument [Line Items]
Other, including capitalized leases				$ 150	$ 115
Interest rate range minimum				0.60000
Interest rate range maximum				15.50000

Segment Financial Data (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Segment Financial Data (Details) - USD ($) $ in Millions	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Segment Reporting Information [Line Items]
Product sales	$ 7,146	$ 6,184	$ 13,959	$ 11,991
Service sales	1,940	1,742	3,799	3,471
Net sales	9,086	7,926	17,758	15,462
Segment Profit	1,301	1,079	2,561	2,085
Oher income (expense)	8	0	28	(2)
Interest and other financial charges	(96)	(91)	(195)	(198)
Stock compensaton (expense)	(42)	(36)	(91)	(86)
Pension (expense)	(22)	(46)	(57)	(96)
Other Postretirement income/(expense)	45	(12)	27	6
Repositioning and other charges	(94)	(127)	(227)	(268)
Income before taxes	1,100	767	2,046	1,441
Aerospace [Member]
Segment Reporting Information [Line Items]
Product sales	1,559	1,464	3,025	2,781
Service sales	1,251	1,183	2,481	2,372
Net sales	2,810	2,647	5,506	5,153
Segment Profit	451	443	918	856
Repositioning and other charges	6	(6)	6	(6)
Automation and Control Solutions [Member]
Segment Reporting Information [Line Items]
Product sales	3,331	2,747	6,467	5,394
Service sales	549	490	1,069	967
Net sales	3,880	3,237	7,536	6,361
Segment Profit	496	401	955	787
Repositioning and other charges	(12)	(5)	(45)	(29)
Specialty Materials [Member]
Segment Reporting Information [Line Items]
Product sales	1,266	1,190	2,512	2,266
Service sales	140	69	249	132
Net sales	1,406	1,259	2,761	2,398
Segment Profit	281	214	565	384
Repositioning and other charges	0	0	(13)	(11)
Transportation Systems [Member]
Segment Reporting Information [Line Items]
Product sales	990	783	1,955	1,550
Net sales	990	783	1,955	1,550
Segment Profit	129	89	247	158
Repositioning and other charges	(40)	(47)	(76)	(105)
Corporate [Member]
Segment Reporting Information [Line Items]
Segment Profit	(56)	(68)	(124)	(100)
Repositioning and other charges	$ (48)	$ (69)	$ (99)	$ (117)

Acquisitions and Divestitures

6 Months Ended

Jun. 30, 2011

Acquisitions And Divestitures Disclosure Abstract

Mergers Acquisitions And Dispositions Disclosures Text Block

Note 3. Acquisitions and Divestitures

In June 2011, the Company entered into a definitive agreement to acquire EMS Technologies, Inc. (EMS), a leading provider of connectivity solutions for mobile networking, rugged mobile computers, and satellite communications for $33 per share in cash (or an aggregate purchase price of approximately $491 million, net of cash acquired) pursuant to a tender offer. EMS is a US public company which operates globally and had reported 2010 revenues of approximately $355 million. EMS's board has unanimously recommended the tender offer. The completion of the tender offer is subject to certain conditions, including, among others, the valid tendering without withdrawal of EMS shares representing at least a majority of the outstanding shares of EMS common stock on a fully-diluted basis and the receipt of regulatory approvals. We expect to complete the acquisition of EMS in the third quarter of 2011 and to fund the acquisition with available cash and the issuance of commercial paper. EMS will be integrated into our Automation and Control Solutions and Aerospace Segments.

In January 2011, the Company entered into a definitive agreement to sell its Consumer Products Group business to Rank Group Limited for approximately $950 million. The Company has received all necessary regulatory approvals for the transaction, which is expected to close in the third quarter of 2011. We currently estimate that the transaction will result in a pre-tax gain of approximately $300 million, approximately $150 million net of tax. The sale of CPG, within the Transportation Systems segment, is consistent with the Company's strategic focus on its portfolio of differentiated global technologies.

The Company has reported CPG as a discontinued operation as of June 30, 2011. Accordingly, the results of operations for all periods presented have been reclassified to reflect the business as a discontinued operation and the assets and liabilities of the business have been reclassified as held for sale for the periods presented. The net income attributable to the non-controlling interest for the discontinued operations is insignificant.

The key components of income from discontinued operations related to CPG were as follows:

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Net sales	$	234	$	235	$	470	$	475
Costs, expenses and other		184		182		370		373
Selling, general and administrative expense		28		27		49		48
Other expense		1		1		1		1
Income before taxes		21		25		50		53
Tax expense		7		9		18		19
Net income from discontinued operations after
taxes	$	14	$	16	$	32	$	34

The components of assets and liabilities classified as discontinued operations and included in other current assets and other current liabilities related to the CPG business consisted of the following:

		June 30,		December 31,
		2011		2010
Accounts, notes and other receivables	$	195	$	227
Inventories		156		136
Property, plant and equipment - net		111		116
Goodwill and other intangibles - net		359		359
Other		5		3
Total assets	$	826	$	841
Accounts payable	$	145	$	145
Accrued and other liabilities		37		45
Total liabilities	$	182	$	190

Pension and Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2011

Pension And Other Postretirement Benefits (Tables) [Abstract]

Pension and Other Postretirement Benefits

Pension Benefits
		U.S. Plans
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Service cost	$	53	$	51	$	116	$	111
Interest cost		191		195		381		384
Expected return on plan assets		(254)		(226)		(507)		(451)
Amortization of prior service cost		9		11		17		16
Settlements and curtailments		9		-		24		-
	$	8	$	31	$	31	$	60

		Non-U.S. Plans
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Service cost	$	15	$	13	$	30	$	26
Interest cost		60		55		120		113
Expected return on plan assets		(72)		(59)		(143)		(118)
Amortization of transition obligation		1		-		1		-
Amortization of prior service (credit)		(1)		-		(1)		-
Settlements and curtailments		1		-		1		4
	$	4	$	9	$	8	$	25


Other Postretirement Benefits
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010

Service cost	$	0	$	-	$	1	$	1
Interest cost		17		19		35		43
Amortization of prior service (credit)		(9)		(8)		(22)		(18)
Recognition of actuarial losses		6		10		18		14
Settlements and curtailments		(61)		(9)		(61)		(46)
	$	(47)	$	12	$	(29)	$	(6)

Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2011

Acquisitions And Divestitures Tables Abstract

Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures Text Block

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Net sales	$	234	$	235	$	470	$	475
Costs, expenses and other		184		182		370		373
Selling, general and administrative expense		28		27		49		48
Other expense		1		1		1		1
Income before taxes		21		25		50		53
Tax expense		7		9		18		19
Net income from discontinued operations after
taxes	$	14	$	16	$	32	$	34

The components of assets and liabilities classified as discontinued operations and included in other current assets and other current liabilities related to the CPG business consisted of the following:

		June 30,		December 31,
		2011		2010
Accounts, notes and other receivables	$	195	$	227
Inventories		156		136
Property, plant and equipment - net		111		116
Goodwill and other intangibles - net		359		359
Other		5		3
Total assets	$	826	$	841
Accounts payable	$	145	$	145
Accrued and other liabilities		37		45
Total liabilities	$	182	$	190

Repositioning and Other Charges (Details 4) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Restructuring and Related Activities Reportable Segment Paragraph Details [Line Items]
Probable And Reasonably Estimable Environmental Liabilities Charges Expense	$ 50	$ 55	$ 101	$ 101
Repositioning Actions 2010 [Member]
Restructuring and Related Activities Reportable Segment [Line Items]
Expected exit and disposal costs			22
Current year-to-date			(3)
Remaining exit and disposal costs at end of period	19		19
Repositioning Actions 2011 [Member]
Restructuring and Related Activities Reportable Segment [Line Items]
Expected exit and disposal costs			7
Remaining exit and disposal costs at end of period	7		7
Bendix Asbestos Loss Contingency Liability [Member]
Restructuring and Related Activities Reportable Segment Paragraph Details [Line Items]
Asbestos related litigation charges, net of insurance	40	$ 49	78	87
Potential settlement of certain legal matters				$ 18
Aerospace [Member] \| Repositioning Actions 2010 [Member]
Restructuring and Related Activities Reportable Segment [Line Items]
Expected exit and disposal costs			9
Current year-to-date			0
Remaining exit and disposal costs at end of period	9		9
Aerospace [Member] \| Repositioning Actions 2011 [Member]
Restructuring and Related Activities Reportable Segment [Line Items]
Expected exit and disposal costs			5
Remaining exit and disposal costs at end of period	5		5
Automation and Control Solutions [Member] \| Repositioning Actions 2010 [Member]
Restructuring and Related Activities Reportable Segment [Line Items]
Expected exit and disposal costs			10
Current year-to-date			(3)
Remaining exit and disposal costs at end of period	7		7
Automation and Control Solutions [Member] \| Repositioning Actions 2011 [Member]
Restructuring and Related Activities Reportable Segment [Line Items]
Expected exit and disposal costs			2
Remaining exit and disposal costs at end of period	2		2
Transportation Systems [Member] \| Repositioning Actions 2010 [Member]
Restructuring and Related Activities Reportable Segment [Line Items]
Expected exit and disposal costs			3
Current year-to-date			0
Remaining exit and disposal costs at end of period	$ 3		$ 3

Repositioning and Other Charges (Details 2) $ in Millions	3 Months Ended		6 Months Ended
Repositioning and Other Charges (Details 2) $ in Millions	Jun. 30, 2011 USD ($)	Jun. 30, 2010 USD ($)	Jun. 30, 2011 USD ($)	Jun. 30, 2010 USD ($)
Pretax Impact of Total Net Repositioning and Other Charges by Segment [Line Items]
Total net repositioning and other charges	$ 94	$ 127	$ 227	$ 268
Net Repositioning and Other Charges Paragraph Details [Abstract]
Gross repositioning charge	$ 17	$ 26	$ 65	$ 70
Number of employees severed	360	350	946	967
Previously Established Accruals	$ 10		$ 14
Restructuring Charges Asset Impairment	0		10	$ 9
Restructuring Charges Severance Costs			43	57
Restructuring Charges Exit Costs			12
Aerospace [Member]
Pretax Impact of Total Net Repositioning and Other Charges by Segment [Line Items]
Total net repositioning and other charges	(6)	$ 6	(6)	6
Automation and Control Solutions [Member]
Pretax Impact of Total Net Repositioning and Other Charges by Segment [Line Items]
Total net repositioning and other charges	12	5	45	29
Specialty Materials [Member]
Pretax Impact of Total Net Repositioning and Other Charges by Segment [Line Items]
Total net repositioning and other charges	0	0	13	11
Transportation Systems [Member]
Pretax Impact of Total Net Repositioning and Other Charges by Segment [Line Items]
Total net repositioning and other charges	40	47	76	105
Corporate [Member]
Pretax Impact of Total Net Repositioning and Other Charges by Segment [Line Items]
Total net repositioning and other charges	$ 48	$ 69	$ 99	$ 117

Acquisitions and Divestitures (Details 2) - USD ($) $ in Millions	Jun. 30, 2011	Dec. 31, 2010
Disposal Group, Including Discontinued Operation, Classified Balance Sheet Disclosures [Line Items]
Total assets	$ 826	$ 841
Total liabilities	182	190
Consumer Products Group [Member]
Disposal Group, Including Discontinued Operation, Classified Balance Sheet Disclosures [Line Items]
Accounts and other receivables	195	227
Inventories	156	136
Property, plant & equipment - net	111	116
Goodwill and other intangibles - net	359	359
Other	5	3
Total assets	826	841
Accounts payable	145	145
Accrued and other liabilities	37	45
Total liabilities	$ 182	$ 190

Financial Instruments and Fair Value Measures (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Dec. 31, 2010
Cash Flow Hedge Gain (Loss) Reclassified to Income Statement Locations Paragraph Details [Abstract]
Gains (Losses) On Interest Rate Swap Agreements	$ 24	$ 16	$ 33	$ 20
Foreign Exchange Mark to Market Expense (Income)	(15)	(6)	(38)	16
Foreign Currency Exchange Contracts [Member]
Gains Losses Recognized In OCI [Line Items]
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net	8	(12)	16	8
Cash Flow Hedge Gain (Loss) Reclassified to Income Statement Locations [Abstract]
Product sales	10	(3)	16	(6)
Costs of products sold	(11)	7	(16)	9
Cash Flow Hedge Gain Loss Reclassified To Selling General And Administrative Expense Net	4	(4)	6	(3)
Commodity Contracts [Member]
Gains Losses Recognized In OCI [Line Items]
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net	(1)	(1)	2	(3)
Cash Flow Hedge Gain (Loss) Reclassified to Income Statement Locations [Abstract]
Costs of products sold	1	(2)	0	(3)
Accounts Notes And Other Receivables [Member] \| Foreign Currency Exchange Contracts [Member]
Derivative Asset, Fair Value [Abstract]
Asset Designated as a Hedge	53		53		$ 10
Asset Not Designated as a Hedge	3		3		6
Accounts Notes And Other Receivables [Member] \| Commodity Contracts [Member]
Derivative Asset, Fair Value [Abstract]
Asset Designated as a Hedge	3		3		2
Accrued Liability [Member] \| Foreign Currency Exchange Contracts [Member]
Derivative Liability, Fair Value [Abstract]
Liability Designated as a Hedge	43		43		9
Liability Not Designated as a Hedge	5		5		5
Accrued Liability [Member] \| Interest Rate Swap Agreements [Member]
Derivative Liability, Fair Value [Abstract]
Liability Designated as a Hedge	0		0		0
Accrued Liability [Member] \| Commodity Contracts [Member]
Derivative Liability, Fair Value [Abstract]
Liability Designated as a Hedge	0		0		2
Other Assets [Member] \| Interest Rate Swap Agreements [Member]
Derivative Asset, Fair Value [Abstract]
Asset Designated as a Hedge	55		55		22
Carrying (Reported) Amount, Fair Value Disclsure [Member]
Financial Instruments, Financial Assets, Balance Sheet Grouping [Abstract]
Long-term receivables	136		136		203
Liabilities Balance Sheet Groupings [Abstract]
Long-term debt and related current maturities	7,304		7,304		6,278
Estimate of Fair Value, Fair Value Disclosure [Member]
Financial Instruments, Financial Assets, Balance Sheet Grouping [Abstract]
Long-term receivables	130		130		199
Liabilities Balance Sheet Groupings [Abstract]
Long-term debt and related current maturities	7,864		7,864		6,835
Fair Value, Inputs, Level 2 [Member] \| Foreign Currency Exchange Contracts [Member]
Derivatives Fair Value By Balance Sheet Location [Line Items]
Derivative Fair Value Of Derivative Asset	56		56		16
Derivative Fair Value Of Derivative Liability	48		48		14
Fair Value, Inputs, Level 2 [Member] \| Available for sale Securities [Member]
Derivatives Fair Value By Balance Sheet Location [Line Items]
Derivative Fair Value Of Derivative Asset	399		399		322
Fair Value, Inputs, Level 2 [Member] \| Interest Rate Swap Agreements [Member]
Derivatives Fair Value By Balance Sheet Location [Line Items]
Derivative Fair Value Of Derivative Asset	55		55		22
Derivative Fair Value Of Derivative Liability	0		0		0
Fair Value, Inputs, Level 2 [Member] \| Commodity Contracts [Member]
Derivatives Fair Value By Balance Sheet Location [Line Items]
Derivative Fair Value Of Derivative Asset	3		3		2
Derivative Fair Value Of Derivative Liability	0		0		2
Fair Value, Inputs, Level 3 [Member]
Fair Value, by Balance Sheet Grouping Paragraph Details [Line Items]
Non-Financial assets	5	4	15	18
Asset Impairment Charges	2	$ 4	12	$ 17
Commodity Contracts [Member]
Fair Value Disclosures Paragraph Details [Line Items]
Derivative Notional Amount	$ 27		$ 27		$ 23
Interest Rate Swap Agreements [Member]
Fair Value Disclosures Paragraph Details [Line Items]
Fixed rate debt percent changed to LIBOR	4.09%		4.09%		3.88%
Derivative Amount Of Hedged Item	$ 1,400		$ 1,400		$ 600
Foreign Currency Exchange Contracts [Member]
Fair Value Disclosures Paragraph Details [Line Items]
Derivative Notional Amount	$ 5,684		$ 5,684		$ 5,733