0000773840-22-000071 | 10-Q | XBRL Viewer | Honeywell International INC

Print Document View Excel Document

COMMITMENTS AND CONTINGENCIES - Disease Distribution of Unresolved Claims (Details) - Bendix - claim	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loss Contingency Disease Distribution Of Unresolved Claims [Line Items]
Mesothelioma and other cancer claims	3,395	3,760	3,422
Nonmalignant claims	2,338	2,641	2,820
Total claims	5,733	6,401	6,242	6,480

REPOSITIONING AND OTHER CHARGES (Tables)

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

Repositioning and Other Charges

A summary of repositioning and other charges follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Severance		$	43		$	3		$	75		$	63
Asset impairments		5			20			153			107
Exit costs		20			46			78			110
Reserve adjustments		(2)			3			(54)			(18)
Total net repositioning charge		66			72			252			262
Asbestos related litigation charges, net of insurance and reimbursements		29			24			115			68
Probable and reasonably estimable environmental liabilities, net of reimbursements		3			3			19			14
Other		2			(3)			328			(6)
Total net repositioning and other charges		$	100		$	96		$	714		$	338

Pretax Distribution of Total Net Repositioning and Other Charges

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Cost of products and services sold		$	85		$	63		$	429		$	248
Selling, general and administrative expenses		24			33			237			90
Other (income) expense		(9)			—			48			—
		$	100		$	96		$	714		$	338

Pretax Impact of Total Net Repositioning and Other Charges by Segment

The following table summarizes the pretax impact of total net repositioning and other charges by segment. These amounts are excluded from segment profit as described in Note 17 Segment Financial Data:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Aerospace		$	(2)		$	(2)		$	34		$	55
Honeywell Building Technologies		10			5			47			9
Performance Materials and Technologies		15			5			262			12
Safety and Productivity Solutions		55			40			197			136
Corporate and All Other		22			48			174			126
		$	100		$	96		$	714		$	338

Total Repositioning Reserves

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


	Severance Costs			Asset Impairments			Exit Costs			Total
Balance at December 31, 2021		$	289		$	—		$	122		$	411
Charges		75			153			78			306
Usage - cash		(120)			—			(86)			(206)
Usage - noncash		—			(145)			(14)			(159)
Foreign currency translation		(18)			—			(2)			(20)
Adjustments		(40)			(8)			(6)			(54)
Balance at September 30, 2022		$	186		$	—		$	92		$	278

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Aerospace
Commercial Aviation Original Equipment		$	538		$	415		$	1,543		$	1,282
Commercial Aviation Aftermarket		1,339			1,083			3,715			3,008
Defense and Space		1,099			1,234			3,365			3,840
		2,976			2,732			8,623			8,130
Honeywell Building Technologies
Products		915			787			2,730			2,383
Building Solutions		611			583			1,756			1,752
		1,526			1,370			4,486			4,135
Performance Materials and Technologies
UOP		633			600			1,677			1,698
Process Solutions		1,141			1,160			3,472			3,422
Advanced Materials		946			750			2,718			2,288


		2,720			2,510			7,867			7,408
Safety and Productivity Solutions
Sensing and Safety Technologies		736			748			2,237			2,520
Productivity Solutions and Services		401			411			1,234			1,144
Warehouse and Workflow Solutions		590			702			1,829			2,398
		1,727			1,861			5,300			6,062
Corporate and All Other		2			—			4			—
Net sales		$	8,951		$	8,473		$	26,280		$	25,735

In July 2022, the Company realigned certain business units within the Safety and Productivity Solutions reportable business segment. The Safety and Retail business unit, which included our gas detection and safety business, combined with the Advanced Sensing and Technologies business unit to form the Sensing and Safety Technologies business unit. The Company recast historical periods to reflect this realignment.

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

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

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

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

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

For a summary by disaggregated product and services sales for each segment, refer to Note 17 Segment Financial Data.

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Products, transferred point in time		61	%		58	%		60	%		58	%
Products, transferred over time		13			16			14			17
Net product sales		74			74			74			75
Services, transferred point in time		7			9			8			8
Services, transferred over time		19			17			18			17
Net service sales		26			26			26			25
Net sales		100	%		100	%		100	%		100	%

CONTRACT BALANCES

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

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

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


	2022			2021
Contract assets - January 1		$	2,060		$	1,618
Contract assets - September 30		2,239			2,087
Change in contract assets - increase (decrease)		$	179		$	469

Contract liabilities - January 1		$	(4,290)		$	(4,033)
Contract liabilities - September 30		(4,177)			(3,840)
Change in contract liabilities - decrease (increase)		$	113		$	193

Net change		$	292		$	662

For the three and nine months ended September 30, 2022, the Company recognized revenue of $362 million and $1,633 million, respectively, that was previously included in the beginning balance of contract liabilities. For the three and nine months ended September 30, 2021, the Company recognized revenue of $225 million and $1,786 million, respectively, that was previously included in the beginning balance of contract liabilities.

Contract assets include $2,208 million and $2,035 million of unbilled balances under long-term contracts as of September 30, 2022 and December 31, 2021, respectively. These amounts are billed in accordance with the terms of customer contracts to which they relate.

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

PERFORMANCE OBLIGATIONS

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

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

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


	September 30, 2022
Aerospace		$	10,974
Honeywell Building Technologies		7,082
Performance Materials and Technologies		7,811
Safety and Productivity Solutions		3,270
Corporate and All Other(1)		4
Total Performance Obligations(2)		$	29,141

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

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

Performance obligations recognized as of September 30, 2022, will be satisfied over the course of future periods. The Company's disclosure of the timing for satisfying the performance obligation is based on the requirements of contracts with customers. However, from time to time, these contracts may be subject to modifications, impacting the timing of satisfying the performance obligations. Performance obligations expected to be satisfied within one year and greater than one year are 62% and 38%, respectively.

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

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

- Definition

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

+ References

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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

+ Details

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Basic
Net income attributable to Honeywell	$ 1,552	$ 1,257	$ 3,947	$ 4,114
Weighted average shares outstanding (in shares)	674.1	690.6	679.3	693.6
Earnings per share of common stock - basic (in dollars per share)	$ 2.30	$ 1.82	$ 5.81	$ 5.93
Assuming Dilution
Net income attributable to Honeywell	$ 1,552	$ 1,257	$ 3,947	$ 4,114
Average Shares
Weighted average shares outstanding (in shares)	674.1	690.6	679.3	693.6
Dilutive securities issuable - stock plans (in shares)	5.5	8.3	6.0	8.4
Total weighted average shares outstanding (in shares)	679.6	698.9	685.3	702.0
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 2.28	$ 1.80	$ 5.76	$ 5.86
Stock options excluded from diluted computations (in shares)	5.5	1.9	3.6	1.6
Total shareowners' equity (in shares)	672.3	688.4	672.3	688.4
Shares issued (in shares)	957.6	957.6	957.6	957.6

Cover Page	9 Months Ended
Cover Page	Sep. 30, 2022 shares
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document period end date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	1-8974
Entity registrant name	Honeywell International Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-2640650
Entity Address, Address Line One	855 South Mint Street
Entity Address, City or Town	Charlotte,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28202
City Area Code	(704)
Local Phone Number	627-6200
Entity current reporting status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	672,322,232
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Central Index Key	0000773840
Current Fiscal Year End Date	--12-31
Common stock, par value
Entity Listings [Line Items]
Title of each class	Common Stock, par value $1 per share*
Trading Symbol(s)	HON
Name of each exchange on which registered	NASDAQ
1.300% Senior Notes due 2023
Entity Listings [Line Items]
Title of each class	1.300% Senior Notes due 2023
Trading Symbol(s)	HON 23A
Name of each exchange on which registered	NASDAQ
0.000% Senior Notes due 2024
Entity Listings [Line Items]
Title of each class	0.000% Senior Notes due 2024
Trading Symbol(s)	HON 24A
Name of each exchange on which registered	NASDAQ
2.250% Senior Notes due 2028
Entity Listings [Line Items]
Title of each class	2.250% Senior Notes due 2028
Trading Symbol(s)	HON 28A
Name of each exchange on which registered	NASDAQ
0.750% Senior Notes due 2032
Entity Listings [Line Items]
Title of each class	0.750% Senior Notes due 2032
Trading Symbol(s)	HON 32
Name of each exchange on which registered	NASDAQ

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Contract With Customer, Asset And Liability [Roll Forward]
Contract assets - beginning balance			$ 2,060	$ 1,618
Contract assets - ending balance	$ 2,239	$ 2,087	2,239	2,087
Change in contract assets - increase (decrease)			179	469
Contract liabilities - beginning balance			(4,290)	(4,033)
Contract liabilities - ending balance	(4,177)	(3,840)	(4,177)	(3,840)
Change in contract liabilities - decrease (increase)			113	193
Net change			292	662
Contract liability, revenue recognized	362	$ 225	1,633	$ 1,786
Unbilled balances	$ 2,208		$ 2,208		$ 2,035

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

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

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Disaggregation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 8,951	$ 8,473	$ 26,280	$ 25,735
Net sales - percentage	100.00%	100.00%	100.00%	100.00%
Corporate and All Other
Disaggregation of Revenue [Line Items]
Net sales	$ 2	$ 0	$ 4	$ 0
Product
Disaggregation of Revenue [Line Items]
Net sales	$ 6,588	$ 6,233	$ 19,404	$ 19,281
Net sales - percentage	74.00%	74.00%	74.00%	75.00%
Product \| Transferred point in time
Disaggregation of Revenue [Line Items]
Net sales - percentage	61.00%	58.00%	60.00%	58.00%
Product \| Transferred over time
Disaggregation of Revenue [Line Items]
Net sales - percentage	13.00%	16.00%	14.00%	17.00%
Service
Disaggregation of Revenue [Line Items]
Net sales	$ 2,363	$ 2,240	$ 6,876	$ 6,454
Net sales - percentage	26.00%	26.00%	26.00%	25.00%
Service \| Corporate and All Other
Disaggregation of Revenue [Line Items]
Net sales	$ 2	$ 0	$ 4	$ 0
Service \| Transferred point in time
Disaggregation of Revenue [Line Items]
Net sales - percentage	7.00%	9.00%	8.00%	8.00%
Service \| Transferred over time
Disaggregation of Revenue [Line Items]
Net sales - percentage	19.00%	17.00%	18.00%	17.00%
Aerospace \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	$ 2,976	$ 2,732	$ 8,623	$ 8,130
Aerospace \| Commercial Aviation Original Equipment \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	538	415	1,543	1,282
Aerospace \| Commercial Aviation Aftermarket \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,339	1,083	3,715	3,008
Aerospace \| Defense and Space \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,099	1,234	3,365	3,840
Aerospace \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,586	1,461	4,621	4,547
Aerospace \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,390	1,271	4,002	3,583
Honeywell Building Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,526	1,370	4,486	4,135
Honeywell Building Technologies \| Products \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	915	787	2,730	2,383
Honeywell Building Technologies \| Building Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	611	583	1,756	1,752
Honeywell Building Technologies \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,169	1,014	3,430	3,065
Honeywell Building Technologies \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	357	356	1,056	1,070
Performance Materials and Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	2,720	2,510	7,867	7,408
Performance Materials and Technologies \| UOP \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	633	600	1,677	1,698
Performance Materials and Technologies \| Process Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,141	1,160	3,472	3,422
Performance Materials and Technologies \| Advanced Materials \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	946	750	2,718	2,288
Performance Materials and Technologies \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	2,228	2,007	6,394	5,931
Performance Materials and Technologies \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	492	503	1,473	1,477
Safety and Productivity Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,727	1,861	5,300	6,062
Safety and Productivity Solutions \| Sensing and Safety Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	736	748	2,237	2,520
Safety and Productivity Solutions \| Productivity Solutions and Services \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	401	411	1,234	1,144
Safety and Productivity Solutions \| Warehouse and Workflow Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	590	702	1,829	2,398
Safety and Productivity Solutions \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,605	1,751	4,959	5,738
Safety and Productivity Solutions \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	$ 122	$ 110	$ 341	$ 324

COMMITMENTS AND CONTINGENCIES - Other Matters (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Matters [Line Items]
Expense related to UOP Matters	$ 0		$ 160	$ 50	$ 160
Petrobras
Other Matters [Line Items]
Expense related to UOP Matters		$ 50	$ 160	$ 210

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rate was higher than the U.S. federal statutory rate of 21% and increased during 2022 compared to 2021 primarily due to charges and accrual of reserves directly attributable to the initial Suspension and Wind down of our businesses and operations in Russia without corresponding tax benefit, an expense related to UOP matters without corresponding tax benefit, lower tax benefits for employee share-based compensation, and incremental tax reserves and state taxes, partially offset by the favorable resolution of certain foreign tax matters.

- Definition

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

+ References

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

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

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

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

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

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

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

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

+ Details

LEASES

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

LEASES

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

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
		2022	2021
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases				$	86	$	290
Finance leases				43		24

Supplemental balance sheet information related to leases was as follows:


	September 30, 2022			December 31, 2021
Operating leases
Other assets		$	874		$	947
Accrued liabilities		191			185
Other liabilities		771			847
Total operating lease liabilities		$	962		$	1,032
Financing leases
Property, plant and equipment		$	382		$	325
Accumulated depreciation		(160)			(177)
Property, plant and equipment - net		$	222		$	148
Current maturities of long-term debt		73			57
Long-term debt		152			99
Total financing lease liabilities		$	225		$	156

LEASES

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

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
		2022	2021
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases				$	86	$	290
Finance leases				43		24

Supplemental balance sheet information related to leases was as follows:


	September 30, 2022			December 31, 2021
Operating leases
Other assets		$	874		$	947
Accrued liabilities		191			185
Other liabilities		771			847
Total operating lease liabilities		$	962		$	1,032
Financing leases
Property, plant and equipment		$	382		$	325
Accumulated depreciation		(160)			(177)
Property, plant and equipment - net		$	222		$	148
Current maturities of long-term debt		73			57
Long-term debt		152			99
Total financing lease liabilities		$	225		$	156

ACQUISITIONS AND DIVESTITURES	9 Months Ended
ACQUISITIONS AND DIVESTITURES	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES ACQUISITIONS On January 18, 2022, the Company acquired 100% of the issued and outstanding shares of US Digital Design, Inc., a leading provider of technologies for first responders, for total consideration of $186 million. The business is included within the Honeywell Building Technologies segment. The assets and liabilities acquired with US Digital Designs, Inc. are included in the Consolidated Balance Sheet as of September 30, 2022, including $53 million of intangible assets and $129 million allocated to goodwill, which is deductible for tax purposes. The purchase accounting is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, and tax balances. DIVESTITURES In conjunction with the wind down of our businesses and operations in Russia (the Wind down), on September 2, 2022, the Company completed the sale of an entity domiciled in Russia in exchange for gross cash consideration of less than $1 million. The Company recognized a pre-tax gain of $10 million, which was recorded in Other (income) expense in the Consolidated Statement of Operations, driven by a favorable foreign currency cumulative translation adjustment at the time of sale. The financial results of the entity were previously included in the Performance Materials and Technologies reportable business segment. In October 2022, the Company completed the sale of two additional entities domiciled in Russia for an immaterial amount. The financial results of the two additional entities are included in the Performance Materials and Technologies, Honeywell Building Technologies, and Safety and Productivity Solutions reportable business segments. The impact of the two additional sales will be reported in fourth quarter 2022 results. As of September 30, 2022, the Company had no material adjustments for acquisitions or divestitures completed during 2021. See Note 2 Acquisitions and Divestitures of Notes to Consolidated Financial Statements in the Company's 2021 Annual Report on Form 10-K for discussion of acquisitions and divestitures during 2021.

OTHER (INCOME) EXPENSE

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

OTHER (INCOME) EXPENSE


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Interest income		$	(37)		$	(28)		$	(77)		$	(70)
Pension ongoing income – non-service		(279)			(306)			(847)			(925)
Other postretirement income – non-service		(10)			(18)			(30)			(53)
Equity income of affiliated companies		(19)			(21)			(43)			(53)

(Gain) loss on sale of non-strategic businesses and assets		(10)			(5)			(10)			(94)
Foreign exchange		12			4			32			22
Expense related to UOP Matters		—			160			50			160
Expense related to Russia-Ukraine Conflict		(9)			—			48			—
Other (net)		15			(1)			31			(10)
		$	(337)		$	(215)		$	(846)		$	(1,023)

See Note 14 Commitments and Contingencies for further discussion of the UOP Matters. See Note 5 Repositioning and Other Charges for further discussion of the expense related to the Russia-Ukraine Conflict. See Note 3 for further discussion on the gain on sale of non-strategic business.

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Cumulative Basis Adjustments for Fair Value Hedges (Details) - Long-term debt - Derivatives in Fair Value Hedging Relationships: - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of the Hedged Item	$ 3,474	$ 3,210
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item	$ (294)	$ 60

SEGMENT FINANCIAL DATA (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment Financial Data


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Net sales
Aerospace
Products		$	1,586		$	1,461		$	4,621		$	4,547
Services		1,390			1,271			4,002			3,583
Total		2,976			2,732			8,623			8,130
Honeywell Building Technologies
Products		1,169			1,014			3,430			3,065
Services		357			356			1,056			1,070
Total		1,526			1,370			4,486			4,135
Performance Materials and Technologies
Products		2,228			2,007			6,394			5,931
Services		492			503			1,473			1,477
Total		2,720			2,510			7,867			7,408
Safety and Productivity Solutions
Products		1,605			1,751			4,959			5,738
Services		122			110			341			324
Total		1,727			1,861			5,300			6,062
Corporate and All Other

Services		2			—			4			—
Total		2			—			4			—
		$	8,951		$	8,473		$	26,280		$	25,735
Segment profit
Aerospace		$	818		$	740		$	2,338		$	2,212
Honeywell Building Technologies		368			322			1,064			942
Performance Materials and Technologies		615			558			1,726			1,522
Safety and Productivity Solutions		271			245			755			840
Corporate and All Other		(120)			(72)			(298)			(155)
Total segment profit		1,952			1,793			5,585			5,361
Interest and other financial charges		(98)			(90)			(270)			(263)
Stock compensation expense(a)		(50)			(56)			(163)			(172)
Pension ongoing income(b)		247			261			748			809
Other postretirement income(b)		10			18			30			53
Repositioning and other charges(c)		(100)			(96)			(714)			(338)
Other(d)		20			(130)			(26)			(8)
Income before taxes		$	1,981		$	1,700		$	5,190		$	5,442

(a)

Amounts included in Selling, general and administrative expenses.

(b)

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

(c)

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

(d)

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

COMMITMENTS AND CONTINGENCIES - Bendix-Related Asbestos Claims Activity (Details) - Bendix - claim	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Loss Contingency Claims [Roll Forward]
Claims unresolved at the beginning of period	6,401	6,242	6,480
Claims filed	1,486	2,611	2,233
Claims resolved	(2,154)	(2,452)	(2,471)
Claims unresolved at the end of period	5,733	6,401	6,242

CONSOLIDATED BALANCE SHEET (unaudited) (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 349	$ 177

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The following table summarizes the notional amounts and fair values of the Company’s outstanding derivatives by risk category and instrument type within the Consolidated Balance Sheet as of September 30, 2022, and December 31, 2021:


	Notional						Fair Value Asset						Fair Value (Liability)
	September 30, 2022			December 31, 2021			September 30, 2022			December 31, 2021			September 30, 2022			December 31, 2021
Derivatives in Fair Value Hedging Relationships:
Interest rate swap agreements		$	3,768		$	3,150		$	—		$	60		$	(294)		$	—
Derivatives in Cash Flow Hedging Relationships:
Foreign currency exchange contracts		785			647			46			4			(5)			—
Commodity contracts		5			—			—			—			(1)			—
Derivatives in Net Investment Hedging Relationships:
Foreign currency exchange contracts		700			746			156			92			—			—
Cross currency swap agreements		1,200			1,200			203			39			—			—
Total Derivatives Designated as Hedging Instruments		6,458			5,743			405			195			(300)			—
Derivatives Not Designated as Hedging Instruments:
Foreign currency exchange contracts		10,627			11,278			485			278			(493)			(282)
Total Derivatives at Fair Value		$	17,085		$	17,021		$	890		$	473		$	(793)		$	(282)

Schedule of Derivative Instruments

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


Line in the Consolidated Balance Sheet of Hedged Item	Carrying Amount of the Hedged Item						Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
Line in the Consolidated Balance Sheet of Hedged Item	September 30, 2022			December 31, 2021			September 30, 2022			December 31, 2021
Long-term debt		$	3,474		$	3,210		$	(294)		$	60

Derivative Instruments, Gain (Loss)

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


	Three Months Ended September 30, 2022
	Net Sales			Cost of Products Sold		Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	8,951		4,630		$	1,351		$	1,228		$	(337)		$	98
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		4			20		6			(2)			—			—

Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—		—			—			—			186
Derivatives designated as hedges		—			—		—			—			—			(186)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—		—			—			—			4
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—		—			—			402			—


	Three Months Ended September 30, 2021
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	8,473		$	4,463		$	1,283		$	1,152		$	(215)		$	90
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		2			2			1			3			—			—

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


	Nine Months Ended September 30, 2022
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	26,280		$	13,676		$	4,025		$	3,965		$	(846)		$	270
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		7			32			9			(2)			—			—



Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—			—			—			—			354
Derivatives designated as hedges		—			—			—			—			—			(354)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—			—			—			—			11
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—			—			—			749			—


	Nine Months Ended September 30, 2021
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	25,735		$	13,748		$	3,710		$	3,595		$	(1,023)		$	263
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		4			6			1			7			—			—

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

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

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


Derivatives Net Investment Hedging Relationships	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Euro-denominated long-term debt		$	207		$	67		$	474		$	202
Euro-denominated commercial paper		41			13			94			40
Cross currency swap		97			25			177			53
Foreign currency exchange contracts		31			6			62			18

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959

+ Details

ACQUISITIONS AND DIVESTITURES (Details) $ in Millions			1 Months Ended
ACQUISITIONS AND DIVESTITURES (Details) $ in Millions	Sep. 02, 2022 USD ($)	Jan. 18, 2022 USD ($)	Oct. 27, 2022 entity	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Goodwill				$ 16,974	$ 17,756
Subsequent event
Business Acquisition [Line Items]
Number of additional entities sold (in entities) \| entity			2
Disposed of by sale \| Russian domiciled entities
Business Acquisition [Line Items]
Gross cash consideration (less than)	$ 1
Pre-tax gain on sale of business	$ 10
US Digital Design, Inc.
Business Acquisition [Line Items]
Percentage acquired		100.00%
Consideration amount		$ 186
Intangible assets acquired				53
Goodwill				$ 129

REPOSITIONING AND OTHER CHARGES - Repositioning Reserves (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Reserve [Roll Forward]
Balance at beginning of period			$ 411
Charges	$ 68	$ 69	306	$ 280
Usage - cash			(206)
Usage - noncash			(159)
Foreign currency translation			(20)
Adjustments			(54)
Balance at end of period	278		278
Severance Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period			289
Charges			75
Usage - cash			(120)
Usage - noncash			0
Foreign currency translation			(18)
Adjustments			(40)
Balance at end of period	186		186
Asset impairments
Restructuring Reserve [Roll Forward]
Balance at beginning of period			0
Charges			153
Usage - cash			0
Usage - noncash			(145)
Foreign currency translation			0
Adjustments			(8)
Balance at end of period	0		0
Exit costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period			122
Charges			78
Usage - cash			(86)
Usage - noncash			(14)
Foreign currency translation			(2)
Adjustments			(6)
Balance at end of period	$ 92		$ 92

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATIONIn the opinion of management, the accompanying unaudited Consolidated Financial Statements reflect all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position, results of operations, cash flows, and shareowners' equity of Honeywell International Inc. and its consolidated subsidiaries (Honeywell or the Company) for the periods presented. The interim results of operations and cash flows should not necessarily be taken as indicative of the entire year.Honeywell reports its quarterly financial information using a calendar convention; the first, second, and third quarters are consistently reported as ending on March 31, June 30, and September 30, respectively. It is Honeywell's practice to establish actual quarterly closing dates using a predetermined fiscal calendar, which requires Honeywell's businesses to close their books on a Saturday in order to minimize the potentially disruptive effects of quarterly closing on the Company's business processes. The effects of this practice are generally not significant to reported results for any quarter and only exist within a reporting year. In the event differences in actual closing dates are material to year-over-year comparisons of quarterly or year-to-date results, Honeywell will provide appropriate disclosures. Honeywell's actual closing dates for the three and nine months ended September 30, 2022 and 2021, were October 1, 2022, and October 2, 2021, respectively.

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Notional and Fair Value of Outstanding Derivatives (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Notional	$ 17,085	$ 17,021
Fair Value Asset	890	473
Fair Value (Liability)	(793)	(282)
Foreign currency exchange contracts
Derivative [Line Items]
Amount of hedged item	3,505	4,074
Derivatives in Fair Value Hedging Relationships:
Derivative [Line Items]
Notional	6,458	5,743
Fair Value Asset	405	195
Fair Value (Liability)	(300)	0
Derivatives in Fair Value Hedging Relationships: \| Fair Value Hedging \| Interest rate swap agreements
Derivative [Line Items]
Notional	3,768	3,150
Fair Value Asset	0	60
Fair Value (Liability)	(294)	0
Derivatives in Fair Value Hedging Relationships: \| Cash Flow Hedging \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	785	647
Fair Value Asset	46	4
Fair Value (Liability)	(5)	0
Derivatives in Fair Value Hedging Relationships: \| Cash Flow Hedging \| Commodity contracts
Derivative [Line Items]
Notional	5	0
Fair Value Asset	0	0
Fair Value (Liability)	(1)	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	700	746
Fair Value Asset	156	92
Fair Value (Liability)	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Cross currency swap agreements
Derivative [Line Items]
Notional	1,200	1,200
Fair Value Asset	203	39
Fair Value (Liability)	0	0
Derivatives Not Designated as Hedging Instruments: \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	10,627	11,278
Fair Value Asset	485	278
Fair Value (Liability)	$ (493)	$ (282)

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

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

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

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

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

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

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


	September 30, 2022							December 31, 2021
	Level 1			Level 2			Total			Level 1	Level 2				Total
Assets:
Foreign currency exchange contracts		$	—		$	687		$	687		$	—	$	374		$	374
Available for sale investments		83			581			664			176		566			742
Interest rate swap agreements		—			—			—			—		60			60
Cross currency swap agreements		—			203			203			—		39			39
Investments in equity securities		16			24			40			34		23			57
Total assets		$	99		$	1,495		$	1,594		$	210	$	1,062		$	1,272
Liabilities:
Foreign currency exchange contracts		$	—		$	498		$	498		$	—	$	282		$	282
Interest rate swap agreements		—			294			294			—		—			—
Commodity contracts		—			1			1			—		—			—

Total liabilities		$	—		$	793		$	793		$	—	$	282		$	282

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

The Company holds certain available for sale investments in U.S. government securities, and investments in equity securities, which includes holdings of Garrett common stock. These investments are valued utilizing published prices based on quoted market pricing, which are classified within level 1.

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

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

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


	September 30, 2022						December 31, 2021
	Carrying Value			Fair Value			Carrying Value			Fair Value
Assets
Short-term investment		$	—		$	—		$	34		$	34
Long-term receivables		159			129			170			152
Long-term investment		—			—			366			366
Liabilities
Long-term debt and related current maturities		$	13,551		$	15,572		$	16,057		$	17,022

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

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

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

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

The Company determined the fair value of the long-term debt and related current maturities utilizing transactions in the listed markets for identical or similar liabilities. As such, the fair value of the long-term debt and related current maturities is considered level 2.

CONSOLIDATED BALANCE SHEET (unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 7,449	$ 10,959
Short-term investments	516	564
Accounts receivable, less allowances of $349 and $177, respectively	7,363	6,830
Inventories	5,501	5,138
Other current assets	1,696	1,881
Total current assets	22,525	25,372
Investments and long-term receivables	807	1,222
Property, plant and equipment - net	5,339	5,562
Goodwill	16,974	17,756
Other intangible assets - net	3,220	3,613
Insurance recoveries for asbestos related liabilities	238	322
Deferred income taxes	437	489
Other assets	10,747	10,134
Total assets	60,287	64,470
Current liabilities:
Accounts payable	6,118	6,484
Commercial paper and other short-term borrowings	3,434	3,542
Current maturities of long-term debt	1,315	1,803
Accrued liabilities	7,242	7,679
Total current liabilities	18,109	19,508
Long-term debt	12,236	14,254
Deferred income taxes	2,406	2,364
Postretirement benefit obligations other than pensions	203	208
Asbestos-related liabilities	1,693	1,800
Other liabilities	7,303	7,087
Redeemable noncontrolling interest	7	7
SHAREOWNERS’ EQUITY
Capital - common stock issued	958	958
Capital - additional paid in capital	8,460	8,141
Common stock held in treasury, at cost	(33,182)	(30,462)
Accumulated other comprehensive loss	(3,296)	(2,895)
Retained earnings	44,767	42,827
Total Honeywell shareowners’ equity	17,707	18,569
Noncontrolling interest	623	673
Total shareowners’ equity	18,330	19,242
Total liabilities, redeemable noncontrolling interest and shareowners’ equity	$ 60,287	$ 64,470

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Sep. 30, 2022

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

Changes in Accumulated Other Comprehensive Income by Component


	Foreign Exchange Translation Adjustment			Pension and Other Postretirement Benefits Adjustments			Changes in Fair Value of Available for Sale Investments			Changes in Fair Value of Cash Flow Hedges			Total
Balance at December 31, 2021		$	(2,478)		$	(415)		$	1		$	(3)		$	(2,895)
Other comprehensive income (loss) before reclassifications		(375)			—			(7)			66			(316)
Amounts reclassified from accumulated other comprehensive income		(3)			(44)			—			(38)			(85)
Net current period other comprehensive income (loss)		(378)			(44)			(7)			28			(401)
Balance at September 30, 2022		$	(2,856)		$	(459)		$	(6)		$	25		$	(3,296)


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

INVENTORIES

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

INVENTORIES


	September 30, 2022			December 31, 2021
Raw materials		$	1,394		$	1,352
Work in process		1,041			861
Finished products		3,066			2,925
		$	5,501		$	5,138

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS

Honeywell's credit, market, foreign currency, and interest rate risk management policies are described in Note 11 Derivative Instruments and Hedging Transactions of Notes to Consolidated Financial Statements in the Company's 2021 Annual Report on Form 10-K. All derivative assets are presented in Other current assets or Other assets. All derivative liabilities are presented in Accrued liabilities or Other liabilities.

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


	Notional						Fair Value Asset						Fair Value (Liability)
	September 30, 2022			December 31, 2021			September 30, 2022			December 31, 2021			September 30, 2022			December 31, 2021
Derivatives in Fair Value Hedging Relationships:
Interest rate swap agreements		$	3,768		$	3,150		$	—		$	60		$	(294)		$	—
Derivatives in Cash Flow Hedging Relationships:
Foreign currency exchange contracts		785			647			46			4			(5)			—
Commodity contracts		5			—			—			—			(1)			—
Derivatives in Net Investment Hedging Relationships:
Foreign currency exchange contracts		700			746			156			92			—			—
Cross currency swap agreements		1,200			1,200			203			39			—			—
Total Derivatives Designated as Hedging Instruments		6,458			5,743			405			195			(300)			—
Derivatives Not Designated as Hedging Instruments:
Foreign currency exchange contracts		10,627			11,278			485			278			(493)			(282)
Total Derivatives at Fair Value		$	17,085		$	17,021		$	890		$	473		$	(793)		$	(282)

In addition to the derivative instruments listed above, certain of the Company's foreign currency denominated debt instruments are designated as net investment hedges. The carrying value of those debt instruments designated as net investment hedges, which includes the adjustment for the foreign currency transaction gain or loss on those instruments, was $3,505 million and $4,074 million as of September 30, 2022, and December 31, 2021, respectively.

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


Line in the Consolidated Balance Sheet of Hedged Item	Carrying Amount of the Hedged Item						Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Item
Line in the Consolidated Balance Sheet of Hedged Item	September 30, 2022			December 31, 2021			September 30, 2022			December 31, 2021
Long-term debt		$	3,474		$	3,210		$	(294)		$	60

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


	Three Months Ended September 30, 2022
	Net Sales			Cost of Products Sold		Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	8,951		4,630		$	1,351		$	1,228		$	(337)		$	98
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		4			20		6			(2)			—			—

Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—		—			—			—			186
Derivatives designated as hedges		—			—		—			—			—			(186)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—		—			—			—			4
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—		—			—			402			—


	Three Months Ended September 30, 2021
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	8,473		$	4,463		$	1,283		$	1,152		$	(215)		$	90
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		2			2			1			3			—			—

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


	Nine Months Ended September 30, 2022
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	26,280		$	13,676		$	4,025		$	3,965		$	(846)		$	270
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		7			32			9			(2)			—			—



Gain or (loss) on fair value hedges:
Interest rate swap agreements:
Hedged items		—			—			—			—			—			354
Derivatives designated as hedges		—			—			—			—			—			(354)
Gain or (loss) on net investment hedges:
Foreign Currency Exchange Contracts:
Amount excluded from effectiveness testing recognized in earnings using an amortization approach		—			—			—			—			—			11
Gain or (loss) on derivatives not designated as hedging instruments:
Foreign currency exchange contracts		—			—			—			—			749			—


	Nine Months Ended September 30, 2021
	Net Sales			Cost of Products Sold			Cost of Services Sold			Selling, general and administrative expenses			Other (Income) Expense			Interest and Other Financial Charges
		$	25,735		$	13,748		$	3,710		$	3,595		$	(1,023)		$	263
Gain or (loss) on cash flow hedges:
Foreign currency exchange contracts:
Amount reclassified from accumulated other comprehensive income into income		4			6			1			7			—			—

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

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


Derivatives Net Investment Hedging Relationships	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Euro-denominated long-term debt		$	207		$	67		$	474		$	202
Euro-denominated commercial paper		41			13			94			40
Cross currency swap		97			25			177			53
Foreign currency exchange contracts		31			6			62			18

LONG-TERM DEBT AND CREDIT AGREEMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Long-Term Debt


	September 30, 2022			December 31, 2021



0.483% notes due 2022		$	—		$	500
2.15% notes due 2022		—			600
Floating rate notes due 2022		—			600
1.30% Euro notes due 2023		1,218			1,416
3.35% notes due 2023		300			300
0.00% Euro notes due 2024		487			566
2.30% notes due 2024		750			750
1.35% notes due 2025		1,250			1,250
2.50% notes due 2026		1,500			1,500
1.10% notes due 2027		1,000			1,000
2.25% Euro notes due 2028		731			849
2.70% notes due 2029		750			750
1.95% notes due 2030		1,000			1,000
1.75% notes due 2031		1,500			1,500
0.75% Euro notes due 2032		487			566
5.70% notes due 2036		441			441
5.70% notes due 2037		462			462
5.375% notes due 2041		417			417
3.812% notes due 2047		445			445
2.80% notes due 2050		750			750
Industrial development bond obligations, floating rate maturing at various dates through 2037		22			22
6.625% debentures due 2028		201			201
9.065% debentures due 2033		51			51
Other (including capitalized leases), 7.9% weighted average interest rate maturing at various dates through 2029		282			272
Fair value of hedging instruments		(294)			60
Debt issuance costs		(199)			(211)
		13,551			16,057
Less-current portion		(1,315)			(1,803)
		$	12,236		$	14,254

- Definition

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

+ References

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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69B
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69E
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644

+ Details

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTSSee Note 3 Acquisitions and Divestitures for information on the sale of two entities, domiciled in Russia, completed during October 2022.

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 86	$ 290
Finance leases	$ 43	$ 24

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Performance Obligation (Details) $ in Millions	Sep. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 29,141
Corporate and All Other
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	4
Aerospace \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	10,974
Honeywell Building Technologies \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	7,082
Performance Materials and Technologies \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	7,811
Safety and Productivity Solutions \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 3,270
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, period	1 year
Performance obligation, percentage	62.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations, period
Performance obligation, percentage	38.00%

PENSION BENEFITS (Tables)

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

Defined Benefit Plans Disclosure

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


Net Periodic Benefit Cost	U.S. Plans
	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Service cost		$	21		$	26		$	64		$	79
Interest cost		95			77			285			230
Expected return on plan assets		(320)			(305)			(961)			(915)
Amortization of prior service (credit)		(11)			(11)			(32)			(33)
		$	(215)		$	(213)		$	(644)		$	(639)


Net Periodic Benefit Cost	Non-U.S. Plans
	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Service cost		$	5		$	7		$	15		$	20
Interest cost		25			18			79			58
Expected return on plan assets		(67)			(87)			(213)			(263)

		$	(37)		$	(62)		$	(119)		$	(185)

LONG-TERM DEBT AND CREDIT AGREEMENTS - Narrative (Details) - USD ($)	Mar. 24, 2022	Mar. 31, 2021	Sep. 30, 2022
364-Day Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Debt term	364 days
Short-term debt, borrowing capacity	$ 1,500,000,000	$ 1,500,000,000
Short-term outstanding borrowings			$ 0
2.15% notes due 2022
Debt Instrument [Line Items]
Interest rate			2.15%
0.483% notes due 2022
Debt Instrument [Line Items]
Interest rate			0.483%
Line of Credit \| 5-Year Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 4,000,000,000	$ 4,000,000,000
Debt term	5 years	5 years
Borrowing capacity upon certain terms	$ 4,500,000,000
Long-term outstanding borrowings			$ 0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2022
Accounting Policies [Abstract]
Reclassifications	Certain prior year amounts have been reclassified to conform to the current year presentation.
Recent Accounting Pronouncements	The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's Consolidated Financial Statements. In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU is effective on January 1, 2023, except for the rollforward, which is effective on January 1, 2024. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, to expand the scope of this guidance to include derivatives. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. The Company will apply the guidance to impacted transactions during the transition period. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers. This ASU should be applied prospectively to acquisitions occurring on or after the effective date of December 15, 2022, and early adoption is permitted. The Company adopted this guidance on January 1, 2022. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements.
Revenue Recognition and Contracts with Customers	Aerospace – A global supplier of products, software and services for aircrafts that it sells to OEM and other customers in a variety of end markets including: air transport, regional, business and general aviation aircraft, airlines, aircraft operators and defense and space contractors. Aerospace products and services include auxiliary power units, propulsion engines, environmental control systems, integrated avionics, wireless connectivity services, electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, management and technical services, advanced systems and instruments, satellite and space components, aircraft wheels and brakes, repair, and overhaul services and thermal systems. Aerospace also provides spare parts, repair, overhaul and maintenance services (principally to aircraft operators) for the aftermarket. Honeywell Forge solutions are leveraged by the Company's customers as tools to turn data into predictive maintenance and predictive analytics to enable better fleet management and make flight operations more efficient. Honeywell Building Technologies – A global provider of products, software, solutions, and technologies that enable building owners and occupants to ensure their facilities are safe, energy efficient, sustainable, and productive. Honeywell Building Technologies products and services include advanced software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance and upgrades of systems. Honeywell Forge solutions enable the Company's customers to digitally manage buildings, connecting data from different assets to enable smart maintenance, improve building performance, and even protect from incoming security threats. Performance Materials and Technologies – A global provider in developing and manufacturing high-quality performance chemicals and materials, process technologies, and automation solutions. The segment is comprised of Process Solutions, UOP, and Advanced Materials. Process Solutions provides automation control, instrumentation, advanced software, and related services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, life sciences, and metals, minerals, and mining industries. Through its smart energy products, Process Solutions enables utilities and distribution companies to deploy advanced capabilities to improve operations, reliability, and environmental sustainability. UOP provides process technology, products, including catalysts and adsorbents, equipment, and consulting services that enable customers to efficiently produce gasoline, diesel, jet fuel, petrochemicals and renewable fuels for the petroleum refining, gas processing, petrochemical, and other industries. Advanced Materials manufactures a wide variety of high-performance products, including materials used to manufacture end products such as bullet-resistant armor, nylon, computer chips, and pharmaceutical packaging, and provides reduced and low global-warming-potential materials based on hydrofluoro-olefin technology. In the industrial environment, Honeywell Forge solutions enable integration and connectivity to provide a holistic view of operations and turn data into clear actions to maximize productivity and efficiency. Honeywell Forge's cybersecurity capabilities help identify risks and act on cyber-related incidents, together enabling improved operations and protecting processes, people and assets. Safety and Productivity Solutions – A global provider of products and software that improve productivity, workplace safety and asset performance to customers around the globe. Sensing and Safety Technologies products include PPE, apparel, gear, and footwear; gas detection technology; custom-engineered sensors, switches and controls for sensing and productivity solutions; and cloud-based notification and emergency messaging. Productivity Solutions products and services include mobile devices and software for computing, data collection, and thermal printing; supply chain and warehouse automation equipment, software and solutions; and software-based data and asset management productivity solutions. Honeywell Forge solutions digitally automate processes to improve efficiency while reducing downtime and safety costs. Corporate and All Other – Corporate and All Other includes revenue from Honeywell's majority-owned investment in Quantinuum. Through Quantinuum, Honeywell provides a wide range of service offerings of fully integrated quantum computing hardware and software solutions. For a summary by disaggregated product and services sales for each segment, refer to Note 17 Segment Financial Data. The Company records progress on satisfying performance obligations to customers, and the related billings and cash collections, on the Consolidated Balance Sheet in Accounts receivable - net and Other assets (unbilled receivables (contract assets) and billed receivables) and Accrued liabilities and Other liabilities (customer advances and deposits (contract liabilities)). Unbilled receivables (contract assets) arise when the timing of cash collected from customers differs from the timing of revenue recognition, such as when contract provisions require specific milestones to be met before a customer can be billed. Unbilled receivable balance increases when the revenue associated with the contract is recognized prior to billing and decreases when billed in accordance with the terms of the contract. Contract liabilities increase when customers remit contractual cash payments in advance of the Company satisfying performance obligations under contractual arrangements, including those with performance obligations to be satisfied over a period of time. Contract liabilities decrease when revenue is recorded, either when a milestone is met triggering the contractual right to bill or when the performance obligation is satisfied. When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations. Contract modifications that are for goods or services that are not distinct from the existing contract, due to the significant integration with the original good or service provided, are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price, and the Company's measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at relative stand-alone selling price, they are accounted for as a new contract and performance obligation, which are recognized prospectively. PERFORMANCE OBLIGATIONS A performance obligation is a promise in a contract to transfer a distinct good or service to the customer, and is defined as the unit of account. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. When the Company's contracts with customers require highly complex integration or manufacturing services that are not separately identifiable from other promises in the contracts and, therefore, not distinct, then the entire contract is accounted for as a single performance obligation. In situations when the Company's contract includes distinct goods or services that are substantially the same and have the same pattern of transfer to the customer over time, they are recognized as a series of distinct goods or services. For any contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the estimated relative standalone selling price of each distinct good or service in the contract. For product sales, each product sold to a customer typically represents a distinct performance obligation. In such cases, the observable standalone sales are used to determine the standalone selling price. Performance obligations are satisfied as of a point in time or over time. Performance obligations are supported by contracts with customers, providing a framework for the nature of the distinct goods, services or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. Performance obligations recognized as of September 30, 2022, will be satisfied over the course of future periods. The Company's disclosure of the timing for satisfying the performance obligation is based on the requirements of contracts with customers. However, from time to time, these contracts may be subject to modifications, impacting the timing of satisfying the performance obligations. Performance obligations expected to be satisfied within one year and greater than one year are 62% and 38%, respectively. The timing of satisfaction of the Company's performance obligations does not significantly vary from the typical timing of payment. Typical payment terms of the Company's fixed-price over time contracts include progress payments based on specified events or milestones, or based on project progress. For some contracts the Company may be entitled to receive an advance payment. The Company applied the practical expedient for certain revenue streams to exclude the value of remaining performance obligations for (i) contracts with an original expected term of one year or less, or (ii) contracts for which the Company recognizes revenue in proportion to the amount the Company has the right to invoice for services performed.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130563-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130563-203045

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126899994&loc=d3e18823-107790

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 19
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130564-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130566-203045

+ Details

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 1,394	$ 1,352
Work in process	1,041	861
Finished products	3,066	2,925
Inventories	$ 5,501	$ 5,138

INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventories


	September 30, 2022			December 31, 2021
Raw materials		$	1,394		$	1,352
Work in process		1,041			861
Finished products		3,066			2,925
		$	5,501		$	5,138

COMMITMENTS AND CONTINGENCIES - Asbestos-Related Liabilities (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries for asbestos related liabilities	$ 238	$ 322
Asbestos-related liabilities	1,693	1,800
Total
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period	2,061
Accrual for update to estimated liability	87
Change in estimated cost of future claims	23
Asbestos-related liability payments	(189)
Asbestos related liabilities, end of period	1,982	2,061
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period	363
Insurance receipts for asbestos-related liabilities	(16)
Insurance receivables settlements	(68)
Insurance recoveries, end of period	279	363
Other current assets	41	41
Insurance recoveries for asbestos related liabilities	238	322
Total assets	279	363
Accrued liabilities	289	261
Asbestos-related liabilities	1,693	1,800
Total liabilities	1,982	2,061
Bendix
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period	1,372
Accrual for update to estimated liability	39
Change in estimated cost of future claims	23
Asbestos-related liability payments	(147)
Asbestos related liabilities, end of period	1,287	1,372
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period	142
Insurance receipts for asbestos-related liabilities	(4)
Insurance receivables settlements	0
Insurance recoveries, end of period	138	142
Total assets	138	142
Total liabilities	1,287	1,372
NARCO
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period	689
Accrual for update to estimated liability	48
Change in estimated cost of future claims	0
Asbestos-related liability payments	(42)
Asbestos related liabilities, end of period	695	689
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period	221
Insurance receipts for asbestos-related liabilities	(12)
Insurance receivables settlements	(68)
Insurance recoveries, end of period	141	221
Total assets	141	221
Total liabilities	695	689
Annual trust cap	$ 145
Annual operating expenses of trust		$ 21

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis

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


	September 30, 2022							December 31, 2021
	Level 1			Level 2			Total			Level 1	Level 2				Total
Assets:
Foreign currency exchange contracts		$	—		$	687		$	687		$	—	$	374		$	374
Available for sale investments		83			581			664			176		566			742
Interest rate swap agreements		—			—			—			—		60			60
Cross currency swap agreements		—			203			203			—		39			39
Investments in equity securities		16			24			40			34		23			57
Total assets		$	99		$	1,495		$	1,594		$	210	$	1,062		$	1,272
Liabilities:
Foreign currency exchange contracts		$	—		$	498		$	498		$	—	$	282		$	282
Interest rate swap agreements		—			294			294			—		—			—
Commodity contracts		—			1			1			—		—			—

Total liabilities		$	—		$	793		$	793		$	—	$	282		$	282

Financial Assets and Liabilities That Were Not Carried at Fair Value

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


	September 30, 2022						December 31, 2021
	Carrying Value			Fair Value			Carrying Value			Fair Value
Assets
Short-term investment		$	—		$	—		$	34		$	34
Long-term receivables		159			129			170			152
Long-term investment		—			—			366			366
Liabilities
Long-term debt and related current maturities		$	13,551		$	15,572		$	16,057		$	17,022

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Aerospace
Commercial Aviation Original Equipment		$	538		$	415		$	1,543		$	1,282
Commercial Aviation Aftermarket		1,339			1,083			3,715			3,008
Defense and Space		1,099			1,234			3,365			3,840
		2,976			2,732			8,623			8,130
Honeywell Building Technologies
Products		915			787			2,730			2,383
Building Solutions		611			583			1,756			1,752
		1,526			1,370			4,486			4,135
Performance Materials and Technologies
UOP		633			600			1,677			1,698
Process Solutions		1,141			1,160			3,472			3,422
Advanced Materials		946			750			2,718			2,288


		2,720			2,510			7,867			7,408
Safety and Productivity Solutions
Sensing and Safety Technologies		736			748			2,237			2,520
Productivity Solutions and Services		401			411			1,234			1,144
Warehouse and Workflow Solutions		590			702			1,829			2,398
		1,727			1,861			5,300			6,062
Corporate and All Other		2			—			4			—
Net sales		$	8,951		$	8,473		$	26,280		$	25,735

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Products, transferred point in time		61	%		58	%		60	%		58	%
Products, transferred over time		13			16			14			17
Net product sales		74			74			74			75
Services, transferred point in time		7			9			8			8
Services, transferred over time		19			17			18			17
Net service sales		26			26			26			25
Net sales		100	%		100	%		100	%		100	%

Contract with Customer Asset and Liability

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


	2022			2021
Contract assets - January 1		$	2,060		$	1,618
Contract assets - September 30		2,239			2,087
Change in contract assets - increase (decrease)		$	179		$	469

Contract liabilities - January 1		$	(4,290)		$	(4,033)
Contract liabilities - September 30		(4,177)			(3,840)
Change in contract liabilities - decrease (increase)		$	113		$	193

Net change		$	292		$	662

Revenue Remaining Performance Obligation Expected Timing of Satisfaction

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


	September 30, 2022
Aerospace		$	10,974
Honeywell Building Technologies		7,082
Performance Materials and Technologies		7,811
Safety and Productivity Solutions		3,270
Corporate and All Other(1)		4
Total Performance Obligations(2)		$	29,141

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

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

PENSION BENEFITS

9 Months Ended

Sep. 30, 2022

Retirement Benefits [Abstract]

PENSION BENEFITS

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


Net Periodic Benefit Cost	U.S. Plans
	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Service cost		$	21		$	26		$	64		$	79
Interest cost		95			77			285			230
Expected return on plan assets		(320)			(305)			(961)			(915)
Amortization of prior service (credit)		(11)			(11)			(32)			(33)
		$	(215)		$	(213)		$	(644)		$	(639)


Net Periodic Benefit Cost	Non-U.S. Plans
	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Service cost		$	5		$	7		$	15		$	20
Interest cost		25			18			79			58
Expected return on plan assets		(67)			(87)			(213)			(263)

		$	(37)		$	(62)		$	(119)		$	(185)

- Definition

The entire disclosure for retirement benefits.

+ References

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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (o)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (p)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI https://asc.fasb.org/topic&trid=2235017

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (q)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

SEGMENT FINANCIAL DATA

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

SEGMENT FINANCIAL DATA

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

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Net sales
Aerospace
Products		$	1,586		$	1,461		$	4,621		$	4,547
Services		1,390			1,271			4,002			3,583
Total		2,976			2,732			8,623			8,130
Honeywell Building Technologies
Products		1,169			1,014			3,430			3,065
Services		357			356			1,056			1,070
Total		1,526			1,370			4,486			4,135
Performance Materials and Technologies
Products		2,228			2,007			6,394			5,931
Services		492			503			1,473			1,477
Total		2,720			2,510			7,867			7,408
Safety and Productivity Solutions
Products		1,605			1,751			4,959			5,738
Services		122			110			341			324
Total		1,727			1,861			5,300			6,062
Corporate and All Other

Services		2			—			4			—
Total		2			—			4			—
		$	8,951		$	8,473		$	26,280		$	25,735
Segment profit
Aerospace		$	818		$	740		$	2,338		$	2,212
Honeywell Building Technologies		368			322			1,064			942
Performance Materials and Technologies		615			558			1,726			1,522
Safety and Productivity Solutions		271			245			755			840
Corporate and All Other		(120)			(72)			(298)			(155)
Total segment profit		1,952			1,793			5,585			5,361
Interest and other financial charges		(98)			(90)			(270)			(263)
Stock compensation expense(a)		(50)			(56)			(163)			(172)
Pension ongoing income(b)		247			261			748			809
Other postretirement income(b)		10			18			30			53
Repositioning and other charges(c)		(100)			(96)			(714)			(338)
Other(d)		20			(130)			(26)			(8)
Income before taxes		$	1,981		$	1,700		$	5,190		$	5,442

(a)

Amounts included in Selling, general and administrative expenses.

(b)

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

(c)

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

(d)

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

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 3,946	$ 4,168
Less: Net income (loss) attributable to the noncontrolling interest	(1)	54
Net income attributable to Honeywell	3,947	4,114
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:
Depreciation	494	506
Amortization	411	427
Gain on sale of non-strategic businesses and assets	(10)	(95)
Repositioning and other charges	714	338
Net payments for repositioning and other charges	(316)	(505)
Pension and other postretirement income	(778)	(862)
Pension and other postretirement benefit payments	(14)	(29)
Stock compensation expense	163	172
Deferred income taxes	208	189
Other	200	(106)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts receivable	(660)	(419)
Inventories	(390)	(516)
Other current assets	125	(324)
Accounts payable	(365)	379
Accrued liabilities	(821)	106
Net cash provided by operating activities	2,908	3,375
Cash flows from investing activities:
Expenditures for property, plant and equipment	(525)	(614)
Proceeds from disposals of property, plant and equipment	11	18
Increase in investments	(834)	(1,989)
Decrease in investments	884	1,906
Receipts from Garrett Motion Inc.	409	375
Receipts from settlements of derivative contracts	773	88
Cash paid for acquisitions, net of cash acquired	(178)	(1,334)
Proceeds from sales of businesses, net of fees paid	0	203
Net cash provided by (used for) investing activities	540	(1,347)
Cash flows from financing activities:
Proceeds from issuance of commercial paper and other short-term borrowings	5,310	3,640
Payments of commercial paper and other short-term borrowings	(5,324)	(3,637)
Proceeds from issuance of common stock	121	171
Proceeds from issuance of long-term debt	2	2,509
Payments of long-term debt	(1,818)	(3,355)
Repurchases of common stock	(2,827)	(2,499)
Cash dividends paid	(2,028)	(1,950)
Other	(45)	(74)
Net cash used for financing activities	(6,609)	(5,195)
Effect of foreign exchange rate changes on cash and cash equivalents	(349)	(21)
Net decrease in cash and cash equivalents	(3,510)	(3,188)
Cash and cash equivalents at beginning of period	10,959	14,275
Cash and cash equivalents at end of period	$ 7,449	$ 11,087

PENSION BENEFITS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
PENSION BENEFITS (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 21	$ 26	$ 64	$ 79
Interest cost	95	77	285	230
Expected return on plan assets	(320)	(305)	(961)	(915)
Amortization of prior service (credit)	(11)	(11)	(32)	(33)
Net periodic benefit (income)	(215)	(213)	(644)	(639)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	7	15	20
Interest cost	25	18	79	58
Expected return on plan assets	(67)	(87)	(213)	(263)
Net periodic benefit (income)	$ (37)	$ (62)	$ (119)	$ (185)

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 1,549	$ 1,273	$ 3,946	$ 4,168
Other comprehensive income (loss), net of tax
Foreign exchange translation adjustment	(423)	(93)	(399)	250
Actuarial (gains) losses recognized during year	0	(1)	0	(1)
Prior service (credit) cost recognized	(10)	(21)	(44)	(64)
Pension and other postretirement benefit adjustments	(10)	(22)	(44)	(65)
Changes in fair value of available for sale investments	2	0	(7)	(3)
Cash flow hedges recognized in other comprehensive income (loss)	27	1	66	16
Less: Reclassification adjustment for gains (losses) included in net income	23	5	38	14
Changes in fair value of cash flow hedges	4	(4)	28	2
Net current period other comprehensive income (loss)	(427)	(119)	(422)	184
Comprehensive income	1,122	1,154	3,524	4,352
Less: Comprehensive income (loss) attributable to the noncontrolling interest	(17)	15	(22)	54
Comprehensive income attributable to Honeywell	$ 1,139	$ 1,139	$ 3,546	$ 4,298

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE


	Three Months Ended September 30,						Nine Months Ended September 30,
Basic	2022			2021			2022			2021
Net income attributable to Honeywell		$	1,552		$	1,257		$	3,947		$	4,114
Weighted average shares outstanding		674.1			690.6			679.3			693.6
Earnings per share of common stock - basic		$	2.30		$	1.82		$	5.81		$	5.93


	Three Months Ended September 30,						Nine Months Ended September 30,
Assuming Dilution	2022			2021			2022			2021
Net income attributable to Honeywell		$	1,552		$	1,257		$	3,947		$	4,114
Average Shares
Weighted average shares outstanding		674.1			690.6			679.3			693.6
Dilutive securities issuable - stock plans		5.5			8.3			6.0			8.4
Total weighted average diluted shares outstanding		679.6			698.9			685.3			702.0
Earnings per share of common stock - assuming dilution		$	2.28		$	1.80		$	5.76		$	5.86

The diluted earnings per share calculations exclude the effect of stock options when the options’ exercise price exceed the average market price of the common shares during the period. For the three and nine months ended September 30, 2022, the weighted average number of stock options excluded from the computations were 5.5 million and 3.6 million, respectively. For the three and nine months ended September 30, 2021, the weighted average number of stock options excluded from the computations were 1.9 million and 1.6 million, respectively.

As of September 30, 2022 and 2021, the total shares outstanding were 672.3 million and 688.4 million, respectively, and as of September 30, 2022 and 2021, total shares issued were 957.6 million.

LONG-TERM DEBT AND CREDIT AGREEMENTS

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

LONG-TERM DEBT AND CREDIT AGREEMENTS


	September 30, 2022			December 31, 2021



0.483% notes due 2022		$	—		$	500
2.15% notes due 2022		—			600
Floating rate notes due 2022		—			600
1.30% Euro notes due 2023		1,218			1,416
3.35% notes due 2023		300			300
0.00% Euro notes due 2024		487			566
2.30% notes due 2024		750			750
1.35% notes due 2025		1,250			1,250
2.50% notes due 2026		1,500			1,500
1.10% notes due 2027		1,000			1,000
2.25% Euro notes due 2028		731			849
2.70% notes due 2029		750			750
1.95% notes due 2030		1,000			1,000
1.75% notes due 2031		1,500			1,500
0.75% Euro notes due 2032		487			566
5.70% notes due 2036		441			441
5.70% notes due 2037		462			462
5.375% notes due 2041		417			417
3.812% notes due 2047		445			445
2.80% notes due 2050		750			750
Industrial development bond obligations, floating rate maturing at various dates through 2037		22			22
6.625% debentures due 2028		201			201
9.065% debentures due 2033		51			51
Other (including capitalized leases), 7.9% weighted average interest rate maturing at various dates through 2029		282			272
Fair value of hedging instruments		(294)			60
Debt issuance costs		(199)			(211)
		13,551			16,057
Less-current portion		(1,315)			(1,803)
		$	12,236		$	14,254

On August 8, 2022, the Company repaid its 2.15% and its Floating rate notes due 2022. On August 19, 2022, the Company repaid its 0.483% notes due 2022.

On March 24, 2022, the Company entered into a $4.0 billion Amended and Restated Five Year Credit Agreement (the 5-Year Credit Agreement) and a $1.5 billion 364-Day Credit Agreement (the 364-Day Credit Agreement). The 5-Year Credit Agreement amended and restated the previously reported $4.0 billion amended and restated five-year credit agreement dated as of March 31, 2021. Commitments under the 5-Year Credit Agreement can be increased pursuant to the terms of the 5-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of March 31, 2021, which was terminated in accordance with its terms effective March 24, 2022. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 23, 2023, unless (i) Honeywell elects to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on March 23, 2024, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 5-Year Credit Agreement and the 364-Day Credit Agreement are maintained for general corporate purposes.

As of September 30, 2022, there were no outstanding borrowings under the 5-Year Credit Agreement or the 364-Day Credit Agreement.

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

CONSOLIDATED STATEMENT OF OPERATIONS (unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net sales	$ 8,951	$ 8,473	$ 26,280	$ 25,735
Costs, expenses and other
Costs of products and services sold	5,981	5,746	17,701	17,458
Selling, general and administrative expenses	1,228	1,152	3,965	3,595
Other (income) expense	(337)	(215)	(846)	(1,023)
Interest and other financial charges	98	90	270	263
Costs, expenses and other	6,970	6,773	21,090	20,293
Income before taxes	1,981	1,700	5,190	5,442
Tax expense	432	427	1,244	1,274
Net income	1,549	1,273	3,946	4,168
Less: Net income (loss) attributable to the noncontrolling interest	(3)	16	(1)	54
Net income attributable to Honeywell	$ 1,552	$ 1,257	$ 3,947	$ 4,114
Earnings per share of common stock - basic (in dollars per share)	$ 2.30	$ 1.82	$ 5.81	$ 5.93
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 2.28	$ 1.80	$ 5.76	$ 5.86
Product
Net sales	$ 6,588	$ 6,233	$ 19,404	$ 19,281
Costs, expenses and other
Costs of products and services sold	4,630	4,463	13,676	13,748
Service
Net sales	2,363	2,240	6,876	6,454
Costs, expenses and other
Costs of products and services sold	$ 1,351	$ 1,283	$ 4,025	$ 3,710

SEGMENT FINANCIAL DATA (Details) $ in Millions	3 Months Ended		9 Months Ended
SEGMENT FINANCIAL DATA (Details) $ in Millions	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) segment	Sep. 30, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| segment			4
Net sales	$ 8,951	$ 8,473	$ 26,280	$ 25,735
Total segment profit	1,952	1,793	5,585	5,361
Interest and other financial charges	(98)	(90)	(270)	(263)
Repositioning and other charges	(100)	(96)	(714)	(338)
Income before taxes	1,981	1,700	5,190	5,442
Product
Segment Reporting Information [Line Items]
Net sales	6,588	6,233	19,404	19,281
Service
Segment Reporting Information [Line Items]
Net sales	2,363	2,240	6,876	6,454
Corporate and All Other
Segment Reporting Information [Line Items]
Net sales	2	0	4	0
Total segment profit	(120)	(72)	(298)	(155)
Repositioning and other charges	(22)	(48)	(174)	(126)
Corporate and All Other \| Service
Segment Reporting Information [Line Items]
Net sales	2	0	4	0
Segment Reconciling Items
Segment Reporting Information [Line Items]
Interest and other financial charges	(98)	(90)	(270)	(263)
Stock compensation expense	(50)	(56)	(163)	(172)
Repositioning and other charges	(100)	(96)	(714)	(338)
Other	20	(130)	(26)	(8)
Income before taxes	1,981	1,700	5,190	5,442
Segment Reconciling Items \| Pension Plan
Segment Reporting Information [Line Items]
Pension ongoing income	247	261	748	809
Segment Reconciling Items \| Other Postretirement Benefits Plan
Segment Reporting Information [Line Items]
Pension ongoing income	10	18	30	53
Aerospace \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,976	2,732	8,623	8,130
Total segment profit	818	740	2,338	2,212
Repositioning and other charges	2	2	(34)	(55)
Aerospace \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,586	1,461	4,621	4,547
Aerospace \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	1,390	1,271	4,002	3,583
Honeywell Building Technologies \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,526	1,370	4,486	4,135
Total segment profit	368	322	1,064	942
Repositioning and other charges	(10)	(5)	(47)	(9)
Honeywell Building Technologies \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,169	1,014	3,430	3,065
Honeywell Building Technologies \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	357	356	1,056	1,070
Performance Materials and Technologies \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,720	2,510	7,867	7,408
Total segment profit	615	558	1,726	1,522
Repositioning and other charges	(15)	(5)	(262)	(12)
Performance Materials and Technologies \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	2,228	2,007	6,394	5,931
Performance Materials and Technologies \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	492	503	1,473	1,477
Safety and Productivity Solutions \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,727	1,861	5,300	6,062
Total segment profit	271	245	755	840
Repositioning and other charges	(55)	(40)	(197)	(136)
Safety and Productivity Solutions \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,605	1,751	4,959	5,738
Safety and Productivity Solutions \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	$ 122	$ 110	$ 341	$ 324

LONG-TERM DEBT AND CREDIT AGREEMENTS - Schedule (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt issuance costs	$ (199,000,000)	$ (211,000,000)
Total long-term debt, including current portion	13,551,000,000	16,057,000,000
Less-current portion	(1,315,000,000)	(1,803,000,000)
Noncurrent portion	12,236,000,000	14,254,000,000
Fair Value Hedging \| Derivatives in Fair Value Hedging Relationships:
Debt Instrument [Line Items]
Fair value of hedging instruments	(294,000,000)	60,000,000
0.483% notes due 2022
Debt Instrument [Line Items]
Senior notes	$ 0	500,000,000
Interest rate	0.483%
2.15% notes due 2022
Debt Instrument [Line Items]
Senior notes	$ 0	600,000,000
Interest rate	2.15%
Floating rate notes due 2022
Debt Instrument [Line Items]
Senior notes	$ 0	600,000,000
1.30% Euro notes due 2023
Debt Instrument [Line Items]
Senior notes	$ 1,218,000,000	1,416,000,000
Interest rate	1.30%
3.35% notes due 2023
Debt Instrument [Line Items]
Senior notes	$ 300,000,000	300,000,000
Interest rate	3.35%
0.00% Euro notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 487,000,000	566,000,000
Interest rate	0.00%
2.30% notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 750,000,000	750,000,000
Interest rate	2.30%
1.35% notes due 2025
Debt Instrument [Line Items]
Senior notes	$ 1,250,000,000	1,250,000,000
Interest rate	1.35%
2.50% notes due 2026
Debt Instrument [Line Items]
Senior notes	$ 1,500,000,000	1,500,000,000
Interest rate	2.50%
1.10% notes due 2027
Debt Instrument [Line Items]
Senior notes	$ 1,000,000,000	1,000,000,000
Interest rate	1.10%
2.25% Euro notes due 2028
Debt Instrument [Line Items]
Senior notes	$ 731,000,000	849,000,000
Interest rate	2.25%
2.70% notes due 2029
Debt Instrument [Line Items]
Senior notes	$ 750,000,000	750,000,000
Interest rate	2.70%
1.95% notes due 2030
Debt Instrument [Line Items]
Senior notes	$ 1,000,000,000	1,000,000,000
Interest rate	1.95%
1.75% notes due 2031
Debt Instrument [Line Items]
Senior notes	$ 1,500,000,000	1,500,000,000
Interest rate	1.75%
0.75% Euro notes due 2032
Debt Instrument [Line Items]
Senior notes	$ 487,000,000	566,000,000
Interest rate	0.75%
5.70% notes due 2036
Debt Instrument [Line Items]
Senior notes	$ 441,000,000	441,000,000
Interest rate	5.70%
5.70% notes due 2037
Debt Instrument [Line Items]
Senior notes	$ 462,000,000	462,000,000
Interest rate	5.70%
5.375% notes due 2041
Debt Instrument [Line Items]
Senior notes	$ 417,000,000	417,000,000
Interest rate	5.375%
3.812% notes due 2047
Debt Instrument [Line Items]
Senior notes	$ 445,000,000	445,000,000
Interest rate	3.812%
2.80% notes due 2050
Debt Instrument [Line Items]
Senior notes	$ 750,000,000	750,000,000
Interest rate	2.80%
Industrial development bond obligations, floating rate maturing at various dates through 2037
Debt Instrument [Line Items]
Industrial development bond	$ 22,000,000	22,000,000
6.625% debentures due 2028
Debt Instrument [Line Items]
Debentures	$ 201,000,000	201,000,000
Interest rate	6.625%
9.065% debentures due 2033
Debt Instrument [Line Items]
Debentures	$ 51,000,000	51,000,000
Interest rate	9.065%
Other (including capitalized leases), 7.9% weighted average interest rate maturing at various dates through 2029
Debt Instrument [Line Items]
Other	$ 282,000,000	$ 272,000,000
Weighted average interest rate	7.90%

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Location and Impact to Consolidated Statement of Operations Related to Derivative Instruments (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	$ 8,951,000,000	$ 8,473,000,000	$ 26,280,000,000	$ 25,735,000,000
Costs of products and services sold	5,981,000,000	5,746,000,000	17,701,000,000	17,458,000,000
Selling, general and administrative expenses	1,228,000,000	1,152,000,000	3,965,000,000	3,595,000,000
Other (income) expense	(337,000,000)	(215,000,000)	(846,000,000)	(1,023,000,000)
Interest and Other Financial Charges	98,000,000	90,000,000	270,000,000	263,000,000
Foreign currency exchange contracts \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0	0	0
Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0
Foreign currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0	0	0
Foreign currency exchange contracts \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	402,000,000	103,000,000	749,000,000	92,000,000
Foreign currency exchange contracts \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Foreign currency exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	31,000,000	6,000,000	62,000,000	18,000,000
Derivatives in Fair Value Hedging Relationships: \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	4,000,000	2,000,000	7,000,000	4,000,000
Derivatives in Fair Value Hedging Relationships: \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	20,000,000	2,000,000
Derivatives in Fair Value Hedging Relationships: \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	(2,000,000)	3,000,000	(2,000,000)	7,000,000
Derivatives in Fair Value Hedging Relationships: \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0
Derivatives designated as hedges	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	186,000,000	14,000,000	354,000,000	94,000,000
Derivatives designated as hedges	(186,000,000)	(14,000,000)	(354,000,000)	(94,000,000)
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	0	0	0	0
Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	4,000,000	4,000,000	11,000,000	12,000,000
Derivatives in Fair Value Hedging Relationships: \| Euro denominated long-term debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	207,000,000	67,000,000	474,000,000	202,000,000
Derivatives in Fair Value Hedging Relationships: \| Net Investment Euro Denominated Commercial Paper
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	41,000,000	13,000,000	94,000,000	40,000,000
Derivatives in Fair Value Hedging Relationships: \| Net Investment Cross Currency Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	97,000,000	25,000,000	177,000,000	53,000,000
Product
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	6,588,000,000	6,233,000,000	19,404,000,000	19,281,000,000
Costs of products and services sold	4,630,000,000	4,463,000,000	13,676,000,000	13,748,000,000
Product \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments			0	0
Product \| Derivatives in Fair Value Hedging Relationships: \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income			32,000,000	6,000,000
Product \| Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items			0	0
Derivatives designated as hedges			0	0
Product \| Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach			0	0
Service
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	2,363,000,000	2,240,000,000	6,876,000,000	6,454,000,000
Costs of products and services sold	1,351,000,000	1,283,000,000	4,025,000,000	3,710,000,000
Service \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain or (loss) on derivatives not designated as hedging instruments	0	0	0	0
Service \| Derivatives in Fair Value Hedging Relationships: \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income into income	6,000,000	1,000,000	9,000,000	1,000,000
Service \| Derivatives in Fair Value Hedging Relationships: \| Gain or (loss) on fair value hedges \| Interest rate swap agreements \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0	0	0
Derivatives designated as hedges	0	0	0	0
Service \| Derivatives in Fair Value Hedging Relationships: \| Net Investment Hedging \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount excluded from effectiveness testing recognized in earnings using an amortization approach	$ 0	$ 0	$ 0	$ 0

REPOSITIONING AND OTHER CHARGES - Pretax Impact of Total net Repositioning and Other Charges by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	$ 100	$ 96	$ 714	$ 338
Corporate and All Other
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	22	48	174	126
Aerospace \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	(2)	(2)	34	55
Honeywell Building Technologies \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	10	5	47	9
Performance Materials and Technologies \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	15	5	262	12
Safety and Productivity Solutions \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning charges	$ 55	$ 40	$ 197	$ 136

REPOSITIONING AND OTHER CHARGES

9 Months Ended

Sep. 30, 2022

Restructuring and Related Activities [Abstract]

REPOSITIONING AND OTHER CHARGES

A summary of repositioning and other charges follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Severance		$	43		$	3		$	75		$	63
Asset impairments		5			20			153			107
Exit costs		20			46			78			110
Reserve adjustments		(2)			3			(54)			(18)
Total net repositioning charge		66			72			252			262
Asbestos related litigation charges, net of insurance and reimbursements		29			24			115			68
Probable and reasonably estimable environmental liabilities, net of reimbursements		3			3			19			14
Other		2			(3)			328			(6)
Total net repositioning and other charges		$	100		$	96		$	714		$	338

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Cost of products and services sold		$	85		$	63		$	429		$	248
Selling, general and administrative expenses		24			33			237			90
Other (income) expense		(9)			—			48			—
		$	100		$	96		$	714		$	338


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Aerospace		$	(2)		$	(2)		$	34		$	55
Honeywell Building Technologies		10			5			47			9
Performance Materials and Technologies		15			5			262			12
Safety and Productivity Solutions		55			40			197			136
Corporate and All Other		22			48			174			126
		$	100		$	96		$	714		$	338

In the three months ended September 30, 2022, the Company recognized gross repositioning charges totaling $68 million, including severance costs of $43 million related to workforce reductions of 1,276 manufacturing and administrative positions primarily in the Company's Safety and Productivity Solutions reportable business segment. The workforce reductions were related to our productivity and ongoing functional transformation initiatives. The repositioning charge included asset impairments of $5 million related to the write-down of certain manufacturing equipment. The repositioning charge also included exit costs of $20 million related to current period costs incurred for closure obligations associated with site transitions in the Company's Safety and Productivity Solutions and Aerospace reportable business segments.

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

In the nine months ended September 30, 2022, the Company recognized gross repositioning charges totaling $306 million including asset impairments of $153 million for the write-down of certain manufacturing equipment, primarily related to closing and relocating the production of certain respiratory manufacturing from a U.S.-based facility to a non-U.S. facility in the Company's Safety Productivity and Solutions reportable business segment. The repositioning charge included exit costs of $78 million primarily related to current period exit costs incurred for new and previously approved repositioning projects and closure obligations associated with site transitions in the Company's Performance Materials and Technologies and Aerospace reportable business segments. The repositioning charge also included severance costs of $75 million related to workforce reductions of 2,940 manufacturing and administrative positions across our segments. The workforce reductions related to cost savings actions taken in connection with our productivity and ongoing functional transformation initiatives and to site transitions to more cost-effective locations. Also, $54 million of previously established reserves, primarily for severance, were returned to income due to higher than expected voluntary exits and adjustments to the scope of previously announced repositioning actions.

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

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


	Severance Costs			Asset Impairments			Exit Costs			Total
Balance at December 31, 2021		$	289		$	—		$	122		$	411
Charges		75			153			78			306
Usage - cash		(120)			—			(86)			(206)
Usage - noncash		—			(145)			(14)			(159)
Foreign currency translation		(18)			—			(2)			(20)
Adjustments		(40)			(8)			(6)			(54)
Balance at September 30, 2022		$	186		$	—		$	92		$	278

Certain repositioning projects will recognize exit costs in future periods when the actual liability is incurred. Such exit costs incurred in the nine months ended September 30, 2022 and 2021, were $46 million and $30 million, respectively.

During the three months ended September 30, 2022, the Company recognized a net reduction of Other charges previously recognized of $16 million. The Other charges include costs incurred related to the Wind down of our operations in Russia. The reduction of Other charges primarily relates to a favorable foreign exchange revaluation on an intercompany loan with a Russian affiliate, in addition to the recovery of outstanding accounts receivable previously reserved against, recorded to Other (income) expense and Selling, general and administrative expense on the Consolidated Statement of Operations, respectively. This was partially offset by the recognition of an additional expense for called guarantees recorded to Other (income) expense on the Consolidated Statement of Operations.

During the nine months ended September 30, 2022, the Company recognized $291 million of Other charges. The Other charges include costs incurred related to the initial suspension (the Suspension) and Wind down of our businesses and operations in Russia. These costs impacted all reportable business segments, with the most significant impact within the Performance Materials and Technologies reportable business segment. The Other charges include costs recorded in Cost of products sold, Selling, general and administrative expenses, or Other (income) expense on the Consolidated Statement of Operations. For the nine months ended September 30, 2022, Cost of products and services sold includes $60 million primarily related to inventory reserves and the write-down of other assets, Selling, general and administrative includes $183 million primarily related to reserves against outstanding accounts receivable and contract assets, impairment of intangible assets, the write-down of other assets, and employee severance, and Other (income) expense includes $48 million related to foreign exchange revaluation on an intercompany loan with a Russian affiliate, impairment of property, plant and equipment, and expenses for called guarantees. For the nine months ended September 30, 2022, the Other charges does not include a $2 million tax valuation allowance recorded to Tax expense on the Consolidated Statement of Operations, directly attributable to our Wind down of businesses and operations in Russia.

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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of the Company are set forth in Note 1 to the Company's Consolidated Financial Statements contained in the Company’s 2021 Annual Report on Form 10-K. The Company includes herein certain updates to those policies. RECLASSIFICATIONS Certain prior year amounts have been reclassified to conform to the current year presentation. RECENT ACCOUNTING PRONOUNCEMENTS The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's Consolidated Financial Statements. In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations, to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU is effective on January 1, 2023, except for the rollforward, which is effective on January 1, 2024. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, to expand the scope of this guidance to include derivatives. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. The Company will apply the guidance to impacted transactions during the transition period. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements. In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers. This ASU should be applied prospectively to acquisitions occurring on or after the effective date of December 15, 2022, and early adoption is permitted. The Company adopted this guidance on January 1, 2022. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements.

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

ENVIRONMENTAL MATTERS

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

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


Balance at December 31, 2021	$	618
Accruals for environmental matters deemed probable and reasonably estimable	156
Environmental liability payments	(111)

Balance at September 30, 2022	$	663

Environmental liabilities are included in the following balance sheet accounts:


	September 30, 2022			December 31, 2021
Accrued liabilities		$	217		$	225
Other liabilities		446			393
		$	663		$	618

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

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

Reimbursements associated with this agreement are collected from Resideo quarterly and were $35 million and $105 million in the three and nine months ended September 30, 2022, respectively, and offset operating cash outflows incurred by the Company. As the Company incurs costs for environmental matters deemed probable and reasonably estimable related to the sites covered by the indemnification and reimbursement agreement, a corresponding receivable from Resideo for 90% of such costs is also recorded. This receivable amount recorded in the nine months ended September 30, 2022, was $116 million. As of September 30, 2022, Other current assets and Other assets included $140 million and $468 million, respectively, for the short-term and long-term portion of the receivable amount due from Resideo under the indemnification and reimbursement agreement.

ASBESTOS MATTERS

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

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

ASBESTOS-RELATED LIABILITIES


	Bendix			NARCO			Total
December 31, 2021		$	1,372		$	689		$	2,061
Accrual for update to estimated liability		39			48			87
Change in estimated cost of future claims		23			—			23
Asbestos-related liability payments		(147)			(42)			(189)
September 30, 2022		$	1,287		$	695		$	1,982

INSURANCE RECOVERIES FOR ASBESTOS-RELATED LIABILITIES


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

Insurance receipts for asbestos-related liabilities		(4)			(12)			(16)
Insurance receivables settlements		—			(68)			(68)
September 30, 2022		$	138		$	141		$	279

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


	September 30, 2022			December 31, 2021
Other current assets		$	41		$	41
Insurance recoveries for asbestos-related liabilities		238			322
		$	279		$	363
Accrued liabilities		$	289		$	261
Asbestos-related liabilities		1,693			1,800
		$	1,982		$	2,061

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

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

In accordance with the TA, the Trust is eligible to receive cash dividends from Harbison-Walker International Inc. (HWI), the reorganized and renamed entity that emerged from the NARCO bankruptcy. HWI cash dividends are required to be used to pay asbestos-related claims which qualify for payment under the TDP (Annual Contribution Claims) until those funds are exhausted, at which point the Company’s funding obligation, subject to an annual cap of $145 million, is triggered. The Trust received dividend payments from HWI in 2021 and 2022. The Company is also required to fund amounts owed pursuant to settlement agreements reached during the pendency of the NARCO bankruptcy proceedings that provide for the right to submit claims to the Trust subject to qualification under the terms of the settlement agreements and TDP (Pre-Established Unliquidated Claims), as well as fund the annual operating costs of the Trust. There is no annual funding cap relative to Pre-Established Unliquidated Claims.

The operating rules per the TDP define criteria claimants must meet for a claim to be considered valid and paid, which include adequate medical evidence of the claimant’s asbestos-related condition and credible evidence of exposure to a specific NARCO asbestos-containing product. The TDP allows Honeywell to audit claim support documents against these criteria. Once operational in 2014, the Trust began to receive, process and pay claims. The Company identified several issues with the way the Trust was adhering to the TDP in audits subsequent to the Trust becoming operational. The Company consistently raised with the Trust concern that the Trust adopted an improper practice of paying claimants who have not demonstrated the requisite exposure. The Trust refused to alter its practices for payment of claims, and in September 2021, Honeywell filed suit against the Trust in the United States Bankruptcy Court for the Western District of Pennsylvania (Bankruptcy Court) alleging that the Trust has breached its duties in managing the Trust, including breaches of certain provisions of the TA and TDP. Honeywell's lawsuit seeks appropriate relief preventing the Trust from continuing these practices. The Trust also filed suit against Honeywell, alleging Honeywell has breached its obligations under the Trust's governing documents. Honeywell moved to dismiss the Trust’s suit, and on December 15, 2021, the Bankruptcy Court granted Honeywell’s motion to dismiss subject to granting the Trust leave to file an amended complaint. On December 28, 2021, the Trust filed an answer with counterclaims in response to Honeywell’s complaint and in lieu of filing an amended complaint. The Bankruptcy Court conducted a trial on these matters during May 2022; the Bankruptcy Court's ruling is pending. At this time, the Company cannot predict the outcome of these matters, or the potential impact on the asbestos-related liabilities.

The Company and the Trust are discussing a potential settlement of Honeywell’s remaining obligations to the Trust. The potential settlement contemplates, among other things, a lump sum cash payment to the Trust in return for elimination of and Honeywell’s full release from any future obligations to fund (i) claims against the Trust, which comprise Honeywell's NARCO asbestos-related liability, and (ii) the Trust’s annual operating expenses. Material terms and conditions of the potential settlement remain unresolved, and no assurance can be given that a settlement will be reached. Any such settlement would be contingent on (i) approval of the Bankruptcy Court, and (ii) a final Bankruptcy Court order that (A) the Channeling Injunction will remain in effect, and (B) Honeywell shall be released from any and all liabilities for any current or future claims based on exposure to NARCO asbestos-containing products without regard to ongoing solvency of the Trust. In the event a final settlement approved by the Bankruptcy Court is reached, the Company would remove the NARCO asbestos-related liability from the Company’s consolidated balance sheet. In the event a final settlement is not reached, the Company will continue to preserve all its available rights. The Company anticipates the amount of the potential lump-sum payment would exceed the currently reserved NARCO asbestos-related liability. Based on available information to date, the Company does not expect the impact of any settlement would be material with respect to the Company’s consolidated financial position.

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

Beginning in 2020, with three years of sufficiently reliable claims data, the Company updated its estimate of the NARCO asbestos-related liability. The estimate for the resolution of asserted Annual Contribution Claims and Pre-Established Unliquidated Claims uses average payment values for the relevant historical period. The estimate for unasserted claims is based on historic and anticipated claims filing experience and payment rates, disease classifications and type of claim, and average payment values by the Trust for the relevant historical period. The Company utilizes an asbestos liability valuation specialist to support the preparation of the NARCO asbestos-related liability estimates during the fourth quarter each year. The Company's estimates, which involve significant management judgment, and consider multiple scenarios, include all years of epidemiological disease projection through 2059.

The NARCO asbestos-related liability reflects an estimate for the resolution of Annual Contribution Claims and Pre-Established Unliquidated Claims filed with the Trust, as well as for unasserted Annual Contribution Claims and Pre-Established Unliquidated Claims. The NARCO asbestos-related liability excludes the annual operating expenses of the Trust which are expensed as they are incurred (approximately $21 million in 2021).

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

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


	Nine Months Ended September 30,		Years Ended December 31,
Claims Activity	2022		2021		2020
Claims unresolved at the beginning of period		6,401		6,242		6,480
Claims filed		1,486		2,611		2,233
Claims resolved		(2,154)		(2,452)		(2,471)
Claims unresolved at the end of period		5,733		6,401		6,242


	September 30,		December 31,
Disease Distribution of Unresolved Claims	2022		2021		2020
Mesothelioma and other cancer claims		3,395		3,760		3,422
Nonmalignant claims		2,338		2,641		2,820
Total claims		5,733		6,401		6,242

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


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

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

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

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

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

On October 31, 2018, David Kanefsky (Plaintiff), a Honeywell shareholder, filed a putative class action complaint in the U.S. District Court for the District of New Jersey (the Court) alleging violations of the Securities Exchange Act of 1934 and Rule 10b-5 related to the prior accounting for Bendix asbestos claims. An Amended Complaint was filed on December 30, 2019, and on February 7, 2020, the Company filed a Motion to Dismiss. On May 18, 2020, the Court denied the Motion to Dismiss. On December 7, 2021, the parties filed a Stipulation of Settlement (Settlement Agreement) and Plaintiff filed a motion for preliminary approval of the Settlement Agreement, which included payment by Honeywell of $10 million to settle the claims in dispute. On January 18, 2022, the Court approved the motion for preliminary approval of the Settlement Agreement. On May 3, 2022, the Court entered a final judgment and order approving the Settlement Agreement and dismissed the action. Honeywell continues to believe the claims lacked merit and has denied wrongdoing as well as any liability for the claims made against Honeywell in the action.

OTHER MATTERS

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

Such matters include:

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

As the discussions are both ongoing and at different stages with regards to each respective authority, there can be no assurance as to whether the Company will reach a resolution with such authorities or as to the potential timing, terms, or collateral consequences of any such resolution. As a result, the Company cannot predict the ultimate outcome of these UOP Matters or the potential impact on the Company. Based on available information to date, the Company estimates that a potential comprehensive resolution of these UOP Matters would result in a probable loss of approximately $210 million. During the third quarter of 2021, the Company recorded a charge of $160 million related to these UOP Matters in the Company's Consolidated Statement of Operations, and accrued a corresponding liability on the Consolidated Balance Sheet. Based on ongoing discussions with the authorities, during the second quarter of 2022, the Company recorded an additional $50 million related to these UOP Matters in the Company's Consolidated Statement of Operations, and accrued a corresponding liability on the Consolidated Balance Sheet. Amounts payable to authorities pursuant to any potential final comprehensive resolution could differ from the amount recorded in the Company's consolidated financial statements. Based on available information to date, the Company does not expect that any such difference would be material with respect to the Company's consolidated financial position. Given the uncertainty inherent in litigation and investigations, the Company does not believe it is possible to develop estimates of reasonably possible losses (or a range of possible losses) in excess of current accruals for commitment and contingency matters, including those discussed in this Note 14. Considering the Company's past experience and existing accruals, the Company does not expect the outcome of such matters, either individually or in the aggregate, to have a material adverse effect on the Company's consolidated financial position. Because most contingencies are resolved over long periods of time, potential liabilities are subject to change due to new developments, changes in settlement strategy or the impact of evidentiary requirements, which could cause the Company to pay damage awards or settlements (or become subject to equitable remedies) that could have a material adverse effect on the Company's consolidated results of operations or operating cash flows in the periods recognized or paid.

REPOSITIONING AND OTHER CHARGES - Repositioning and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	$ 66	$ 72	$ 252	$ 262
Asbestos related litigation charges, net of insurance and reimbursements	29	24	115	68
Probable and reasonably estimable environmental liabilities, net of reimbursements	3	3	19	14
Other	2	(3)	328	(6)
Total net repositioning and other charges	100	96	714	338
Severance
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	43	3	75	63
Asset impairments
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	5	20	153	107
Exit costs
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	20	46	78	110
Reserve adjustments
Restructuring Cost and Reserve [Line Items]
Total net repositioning charge	$ (2)	$ 3	$ (54)	$ (18)

REPOSITIONING AND OTHER CHARGES - Narrative (Details) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 27, 2022 entity	Sep. 30, 2022 USD ($) employee	Sep. 30, 2021 USD ($) employee	Sep. 30, 2022 USD ($) employee	Sep. 30, 2021 USD ($) employee
Restructuring Cost and Reserve [Line Items]
Charges		$ 68	$ 69	$ 306	$ 280
Restructuring costs (returned to income)		$ 66	$ 72	$ 252	$ 262
Number of employees severed (in employees) \| employee		1,276	603	2,940,000,000	5,252
Other charges		$ (337)	$ (215)	$ (846)	$ (1,023)
Tax valuation allowance adjustment		2		2
Subsequent event
Restructuring Cost and Reserve [Line Items]
Number of additional entities sold (in entities) \| entity	2
Russia and Ukraine Conflict
Restructuring Cost and Reserve [Line Items]
Net reduction of other charges previously recognized		16
Other charges				291
Russia and Ukraine Conflict \| Cost of products and services sold
Restructuring Cost and Reserve [Line Items]
Other charges				60
Russia and Ukraine Conflict \| Other
Restructuring Cost and Reserve [Line Items]
Other charges				48
Severance
Restructuring Cost and Reserve [Line Items]
Charges				75
Restructuring costs (returned to income)		43	3	75	63
Asset impairments
Restructuring Cost and Reserve [Line Items]
Charges				153
Restructuring costs (returned to income)		5	20	153	107
Exit costs
Restructuring Cost and Reserve [Line Items]
Charges				78
Restructuring costs (returned to income)		20	46	78	110
Restructuring costs incurred to date		46	30	46	30
Reserve adjustments
Restructuring Cost and Reserve [Line Items]
Restructuring costs (returned to income)		$ (2)	$ 3	(54)	$ (18)
Contract adjustments, impairment of other assets and employee severance \| Russia and Ukraine Conflict \| Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Other charges				$ 183

SUBSEQUENT EVENTS (Details)	1 Months Ended
SUBSEQUENT EVENTS (Details)	Oct. 27, 2022 entity
Subsequent event
Subsequent Event [Line Items]
Number of additional entities sold (in entities)	2

CONSOLIDATED STATEMENT OF SHAREOWNERS' EQUITY (unaudited) - USD ($) shares in Millions	Total	Common stock, par value	Additional paid-in capital	Treasury stock	Retained earnings	Accumulated other comprehensive income (loss)	Noncontrolling interest
Beginning balance at Dec. 31, 2020			$ 7,292,000,000	$ (27,229,000,000)	$ 39,905,000,000	$ (3,377,000,000)	$ 241,000,000
Treasury stock, beginning balance (in shares) at Dec. 31, 2020				(260.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(11.5)
Reacquired stock or repurchases of common stock				$ (2,499,000,000)
Issued for employee savings and option plans (in shares)				3.1
Issued for employee savings and option plans			148,000,000	$ 114,000,000
Stock-based compensation expense			172,000,000
Net income attributable to Honeywell	$ 4,114,000,000				4,114,000,000
Dividends on common stock					(1,940,000,000)
Acquisitions, divestitures, and other							5,000,000
Net income (loss) attributable to noncontrolling interest	(54,000,000)						54,000,000
Foreign exchange translation adjustment	250,000,000					250,000,000
Pension and other postretirement benefit adjustments	(65,000,000)					(65,000,000)
Changes in fair value of available for sale investments						(3,000,000)
Changes in fair value of cash flow hedges	2,000,000					2,000,000
Dividends paid							(32,000,000)
Contributions from noncontrolling interest holders							4,000,000
Treasury stock, ending balance (in shares) at Sep. 30, 2021				(269.2)
Ending balance at Sep. 30, 2021	$ 18,114,000,000	$ 958,000,000	7,612,000,000	$ (29,614,000,000)	42,079,000,000	(3,193,000,000)	272,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 2.790
Beginning balance at Jun. 30, 2021			7,566,000,000	$ (28,978,000,000)	41,467,000,000	(3,075,000,000)	264,000,000
Treasury stock, beginning balance (in shares) at Jun. 30, 2021				(267.2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(2.9)
Reacquired stock or repurchases of common stock				$ (650,000,000)
Issued for employee savings and option plans (in shares)				0.9
Issued for employee savings and option plans			(10,000,000)	$ 14,000,000
Stock-based compensation expense			56,000,000
Net income attributable to Honeywell	$ 1,257,000,000				1,257,000,000
Dividends on common stock					(645,000,000)
Net income (loss) attributable to noncontrolling interest	(16,000,000)						16,000,000
Foreign exchange translation adjustment	(93,000,000)					(92,000,000)	(1,000,000)
Pension and other postretirement benefit adjustments	(22,000,000)					(22,000,000)
Changes in fair value of cash flow hedges	(4,000,000)					(4,000,000)
Dividends paid							(7,000,000)
Treasury stock, ending balance (in shares) at Sep. 30, 2021				(269.2)
Ending balance at Sep. 30, 2021	$ 18,114,000,000	$ 958,000,000	7,612,000,000	$ (29,614,000,000)	42,079,000,000	(3,193,000,000)	272,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 0.930
Common stock, par value (in shares)	957.6	957.6
Total shareowners' equity (in shares)	688.4
Beginning balance at Dec. 31, 2021	$ 19,242,000,000		8,141,000,000	$ (30,462,000,000)	42,827,000,000	(2,895,000,000)	673,000,000
Treasury stock, beginning balance (in shares) at Dec. 31, 2021				(272.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(15.1)
Reacquired stock or repurchases of common stock				$ (2,827,000,000)
Issued for employee savings and option plans (in shares)				2.6
Issued for employee savings and option plans			146,000,000	$ 107,000,000
Stock-based compensation expense			173,000,000
Net income attributable to Honeywell	3,947,000,000				3,947,000,000
Dividends on common stock					(2,007,000,000)
Net income (loss) attributable to noncontrolling interest	1,000,000						(1,000,000)
Foreign exchange translation adjustment	(399,000,000)					(378,000,000)	(21,000,000)
Pension and other postretirement benefit adjustments	(44,000,000)					(44,000,000)
Changes in fair value of available for sale investments						(7,000,000)
Changes in fair value of cash flow hedges	28,000,000					28,000,000
Dividends paid							(42,000,000)
Contributions from noncontrolling interest holders							14,000,000
Treasury stock, ending balance (in shares) at Sep. 30, 2022				(285.3)
Ending balance at Sep. 30, 2022	$ 18,330,000,000	$ 958,000,000	8,460,000,000	$ (33,182,000,000)	44,767,000,000	(3,296,000,000)	623,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 2.940
Beginning balance at Jun. 30, 2022			8,397,000,000	$ (32,814,000,000)	43,883,000,000	(2,883,000,000)	649,000,000
Treasury stock, beginning balance (in shares) at Jun. 30, 2022				(283.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(2.1)
Reacquired stock or repurchases of common stock				$ (390,000,000)
Issued for employee savings and option plans (in shares)				0.7
Issued for employee savings and option plans			12,000,000	$ 22,000,000
Stock-based compensation expense			51,000,000
Net income attributable to Honeywell	$ 1,552,000,000				1,552,000,000
Dividends on common stock					(668,000,000)
Net income (loss) attributable to noncontrolling interest	3,000,000						(3,000,000)
Foreign exchange translation adjustment	(423,000,000)					(409,000,000)	(14,000,000)
Pension and other postretirement benefit adjustments	(10,000,000)					(10,000,000)
Changes in fair value of available for sale investments						2,000,000
Changes in fair value of cash flow hedges	4,000,000					4,000,000
Dividends paid							(9,000,000)
Treasury stock, ending balance (in shares) at Sep. 30, 2022				(285.3)
Ending balance at Sep. 30, 2022	$ 18,330,000,000	$ 958,000,000	$ 8,460,000,000	$ (33,182,000,000)	$ 44,767,000,000	$ (3,296,000,000)	$ 623,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 0.980
Common stock, par value (in shares)	957.6	957.6
Total shareowners' equity (in shares)	672.3

LEASES (Tables)

9 Months Ended

Sep. 30, 2022

Leases [Abstract]

Lease Cost Information

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended September 30,
		2022	2021
Net right-of-use assets obtained in exchange for lease obligations:
Operating leases				$	86	$	290
Finance leases				43		24

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:


	September 30, 2022			December 31, 2021
Operating leases
Other assets		$	874		$	947
Accrued liabilities		191			185
Other liabilities		771			847
Total operating lease liabilities		$	962		$	1,032
Financing leases
Property, plant and equipment		$	382		$	325
Accumulated depreciation		(160)			(177)
Property, plant and equipment - net		$	222		$	148
Current maturities of long-term debt		73			57
Long-term debt		152			99
Total financing lease liabilities		$	225		$	156

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			$ 19,242
Net current period other comprehensive income (loss)	$ (427)	$ (119)	(422)	$ 184
Ending balance	18,330	18,114	18,330	18,114
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2,883)	(3,075)	(2,895)	(3,377)
Other comprehensive income (loss) before reclassifications			(316)	263
Amounts reclassified from accumulated other comprehensive income			(85)	(79)
Net current period other comprehensive income (loss)			(401)	184
Ending balance	(3,296)	(3,193)	(3,296)	(3,193)
Foreign Exchange Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(2,478)	(2,780)
Other comprehensive income (loss) before reclassifications			(375)	250
Amounts reclassified from accumulated other comprehensive income			(3)	0
Net current period other comprehensive income (loss)			(378)	250
Ending balance	(2,856)	(2,530)	(2,856)	(2,530)
Pension and Other Postretirement Benefits Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(415)	(601)
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified from accumulated other comprehensive income			(44)	(65)
Net current period other comprehensive income (loss)			(44)	(65)
Ending balance	(459)	(666)	(459)	(666)
Changes in Fair Value of Available for Sale Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			1	4
Other comprehensive income (loss) before reclassifications			(7)	(3)
Amounts reclassified from accumulated other comprehensive income			0	0
Net current period other comprehensive income (loss)			(7)	(3)
Ending balance	(6)	1	(6)	1
Changes in Fair Value of Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(3)	0
Other comprehensive income (loss) before reclassifications			66	16
Amounts reclassified from accumulated other comprehensive income			(38)	(14)
Net current period other comprehensive income (loss)			28	2
Ending balance	$ 25	$ 2	$ 25	$ 2

FAIR VALUE MEASUREMENTS - Financial Assets and Liabilities Not Carried at Fair Value (Details) - Level 2 - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Carrying Value
Assets:
Short-term investment	$ 0	$ 34
Long-term receivables	159	170
Long-term investment	0	366
Liabilities:
Long-term debt and related current maturities	13,551	16,057
Fair Value
Assets:
Short-term investment	0	34
Long-term receivables	129	152
Long-term investment	0	366
Liabilities:
Long-term debt and related current maturities	$ 15,572	$ 17,022

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2022

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

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT


	Foreign Exchange Translation Adjustment			Pension and Other Postretirement Benefits Adjustments			Changes in Fair Value of Available for Sale Investments			Changes in Fair Value of Cash Flow Hedges			Total
Balance at December 31, 2021		$	(2,478)		$	(415)		$	1		$	(3)		$	(2,895)
Other comprehensive income (loss) before reclassifications		(375)			—			(7)			66			(316)
Amounts reclassified from accumulated other comprehensive income		(3)			(44)			—			(38)			(85)
Net current period other comprehensive income (loss)		(378)			(44)			(7)			28			(401)
Balance at September 30, 2022		$	(2,856)		$	(459)		$	(6)		$	25		$	(3,296)


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

FAIR VALUE MEASUREMENTS - Assets and Liabilities Accounted for at Fair Value (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Assets:
Fair value asset	$ 890	$ 473
Liabilities:
Fair value liability	793	282
Fair Value Measurements Recurring
Assets:
Available for sale investments	664	742
Total assets	1,594	1,272
Liabilities:
Total liabilities	793	282
Fair Value Measurements Recurring \| Level 1
Assets:
Available for sale investments	83	176
Total assets	99	210
Liabilities:
Total liabilities	0	0
Fair Value Measurements Recurring \| Level 2
Assets:
Available for sale investments	581	566
Total assets	1,495	1,062
Liabilities:
Total liabilities	793	282
Fair Value Measurements Recurring \| Investments in equity securities
Assets:
Investments in equity securities	40	57
Fair Value Measurements Recurring \| Investments in equity securities \| Level 1
Assets:
Investments in equity securities	16	34
Fair Value Measurements Recurring \| Investments in equity securities \| Level 2
Assets:
Investments in equity securities	24	23
Foreign currency exchange contracts \| Fair Value Measurements Recurring
Assets:
Fair value asset	687	374
Liabilities:
Fair value liability	498	282
Foreign currency exchange contracts \| Fair Value Measurements Recurring \| Level 1
Assets:
Fair value asset	0	0
Liabilities:
Fair value liability	0	0
Foreign currency exchange contracts \| Fair Value Measurements Recurring \| Level 2
Assets:
Fair value asset	687	374
Liabilities:
Fair value liability	498	282
Interest rate swap agreements \| Fair Value Measurements Recurring
Assets:
Fair value asset	0	60
Liabilities:
Fair value liability	294	0
Interest rate swap agreements \| Fair Value Measurements Recurring \| Level 1
Assets:
Fair value asset	0	0
Liabilities:
Fair value liability	0	0
Interest rate swap agreements \| Fair Value Measurements Recurring \| Level 2
Assets:
Fair value asset	0	60
Liabilities:
Fair value liability	294	0
Cross currency swap agreements \| Fair Value Measurements Recurring
Assets:
Fair value asset	203	39
Liabilities:
Fair value liability	1
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 1
Assets:
Fair value asset	0	0
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 2
Assets:
Fair value asset	203	39
Liabilities:
Fair value liability	1
Commodity contracts \| Fair Value Measurements Recurring
Liabilities:
Fair value liability		0
Commodity contracts \| Fair Value Measurements Recurring \| Level 1
Liabilities:
Fair value liability	$ 0	0
Commodity contracts \| Fair Value Measurements Recurring \| Level 2
Liabilities:
Fair value liability		$ 0

OTHER (INCOME) EXPENSE (Tables)

9 Months Ended

Sep. 30, 2022

Other Income and Expenses [Abstract]

Other (income) expense


	Three Months Ended September 30,						Nine Months Ended September 30,
	2022			2021			2022			2021
Interest income		$	(37)		$	(28)		$	(77)		$	(70)
Pension ongoing income – non-service		(279)			(306)			(847)			(925)
Other postretirement income – non-service		(10)			(18)			(30)			(53)
Equity income of affiliated companies		(19)			(21)			(43)			(53)

(Gain) loss on sale of non-strategic businesses and assets		(10)			(5)			(10)			(94)
Foreign exchange		12			4			32			22
Expense related to UOP Matters		—			160			50			160
Expense related to Russia-Ukraine Conflict		(9)			—			48			—
Other (net)		15			(1)			31			(10)
		$	(337)		$	(215)		$	(846)		$	(1,023)

COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Accrual for Environmental Loss Contingencies [Roll Forward]
Beginning of period		$ 618
Accruals for environmental matters deemed probable and reasonably estimable		156
Environmental liability payments		(111)
End of period	$ 663	663
Loss Contingency, Classification of Accrual [Abstract]
Accrued liabilities	217	217	$ 225
Other liabilities	446	446	393
Total environmental liabilities	$ 663	$ 663	$ 618
Environmental Liabilities \| Resideo
Loss Contingency, Classification of Accrual [Abstract]
Cash payments of annual environmental spending percentage	90.00%	90.00%
Indemnification and reimbursement agreement annual cap	$ 140	$ 140
Indemnification and reimbursement agreement minimum amount	25	25
Reimbursements from indemnification and reimbursement agreement	35	$ 105
Receivable as a percentage of environmental costs incurred		90.00%
Reimbursement receivable indemnification and reimbursement agreement		$ 116
Other current assets, reimbursement agreement	140	140
Other assets, reimbursement agreement	$ 468	$ 468

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

COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Loss Contingency

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


Balance at December 31, 2021	$	618
Accruals for environmental matters deemed probable and reasonably estimable	156
Environmental liability payments	(111)

Balance at September 30, 2022	$	663

Environmental Liabilities are Included in the Following Balance Sheet Accounts

Environmental liabilities are included in the following balance sheet accounts:


	September 30, 2022			December 31, 2021
Accrued liabilities		$	217		$	225
Other liabilities		446			393
		$	663		$	618

Asbestos Related Liabilities


	Bendix			NARCO			Total
December 31, 2021		$	1,372		$	689		$	2,061
Accrual for update to estimated liability		39			48			87
Change in estimated cost of future claims		23			—			23
Asbestos-related liability payments		(147)			(42)			(189)
September 30, 2022		$	1,287		$	695		$	1,982

Insurance Recoveries for Asbestos Related Liabilities


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

Insurance receipts for asbestos-related liabilities		(4)			(12)			(16)
Insurance receivables settlements		—			(68)			(68)
September 30, 2022		$	138		$	141		$	279

NARCO and Bendix Asbestos Related Balances are Included in the Following Balance Sheet Accounts

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


	September 30, 2022			December 31, 2021
Other current assets		$	41		$	41
Insurance recoveries for asbestos-related liabilities		238			322
		$	279		$	363
Accrued liabilities		$	289		$	261
Asbestos-related liabilities		1,693			1,800
		$	1,982		$	2,061

Bendix Related Asbestos Claims Activity

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


	Nine Months Ended September 30,		Years Ended December 31,
Claims Activity	2022		2021		2020
Claims unresolved at the beginning of period		6,401		6,242		6,480
Claims filed		1,486		2,611		2,233
Claims resolved		(2,154)		(2,452)		(2,471)
Claims unresolved at the end of period		5,733		6,401		6,242

Disease Distribution of Claims


	September 30,		December 31,
Disease Distribution of Unresolved Claims	2022		2021		2020
Mesothelioma and other cancer claims		3,395		3,760		3,422
Nonmalignant claims		2,338		2,641		2,820
Total claims		5,733		6,401		6,242

Average Resolution Values per Asbestos Claim

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


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

OTHER (INCOME) EXPENSE (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
OTHER (INCOME) EXPENSE (Details) - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Income and Expenses [Line Items]
Interest income	$ (37)	$ (28)	$ (77)	$ (70)
Equity income of affiliated companies	(19)	(21)	(43)	(53)
(Gain) loss on sale of non-strategic businesses and assets	(10)	(5)	(10)	(94)
Foreign exchange	12	4	32	22
Expense related to UOP Matters	0	160	50	160
Expense related to Russia-Ukraine Conflict	(9)	0	48	0
Other (net)	15	(1)	31	(10)
Total	(337)	(215)	(846)	(1,023)
Pension Plan
Other Income and Expenses [Line Items]
Ongoing income - non-service	(279)	(306)	(847)	(925)
Other Postretirement Benefits Plan
Other Income and Expenses [Line Items]
Ongoing income - non-service	$ (10)	$ (18)	$ (30)	$ (53)

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Operating leases
Other assets	$ 874	$ 947
Accrued liabilities	191	185
Other liabilities	771	847
Total operating lease liabilities	962	1,032
Financing leases
Property, plant and equipment	382	325
Accumulated depreciation	(160)	(177)
Property, plant and equipment - net	222	148
Current maturities of long-term debt	73	57
Long-term debt	152	99
Total financing lease liabilities	$ 225	$ 156
Operating lease, right-of-use asset, statement of financial position	Other assets	Other assets
Operating lease, liability, current, statement of financial position	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating lease, liability, noncurrent, statement of financial position	Other liabilities	Other liabilities
Finance lease, right-of-use asset, statement of financial position	Property, plant and equipment - net	Property, plant and equipment - net
Finance lease, liability, current, statement of financial position	Long-Term Debt and Lease Obligation, Current	Long-Term Debt and Lease Obligation, Current
Finance lease, liability, noncurrent, statement of financial position	Noncurrent portion	Noncurrent portion

EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share Basic


	Three Months Ended September 30,						Nine Months Ended September 30,
Basic	2022			2021			2022			2021
Net income attributable to Honeywell		$	1,552		$	1,257		$	3,947		$	4,114
Weighted average shares outstanding		674.1			690.6			679.3			693.6
Earnings per share of common stock - basic		$	2.30		$	1.82		$	5.81		$	5.93

Earnings Per Share Diluted


	Three Months Ended September 30,						Nine Months Ended September 30,
Assuming Dilution	2022			2021			2022			2021
Net income attributable to Honeywell		$	1,552		$	1,257		$	3,947		$	4,114
Average Shares
Weighted average shares outstanding		674.1			690.6			679.3			693.6
Dilutive securities issuable - stock plans		5.5			8.3			6.0			8.4
Total weighted average diluted shares outstanding		679.6			698.9			685.3			702.0
Earnings per share of common stock - assuming dilution		$	2.28		$	1.80		$	5.76		$	5.86

REPOSITIONING AND OTHER CHARGES - Pretax Distribution of Total Net Repositioning (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	$ 100,000,000	$ 96,000,000	$ 714,000,000	$ 338,000,000
Cost of products and services sold
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	85,000,000	63,000,000	429,000,000	248,000,000
Selling, general and administrative expenses
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	24,000,000	33,000,000	237,000,000	90,000,000
Other (income) expense
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning charges	$ (9,000,000)	$ 0	$ 48,000,000	$ 0