0000773840-24-000082 | 10-Q | XBRL Viewer | Honeywell International INC

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DERIVATIVE INSTURMENTS AND HEDGING TRANSACTIONS - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Foreign currency exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of hedged item	$ 6,338	$ 6,099

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS

The Company has 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 disaggregated revenue table and related discussions by reportable business segment for details:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Aerospace Technologies
Commercial Aviation Original Equipment	$	668	$	607	$	1,342	$	1,148
Commercial Aviation Aftermarket	1,798		1,533		3,457		2,956
Defense and Space	1,425		1,201		2,761		2,348
Net Aerospace Technologies sales	3,891		3,341		7,560		6,452
Industrial Automation
Sensing and Safety Technologies	466		518		916		1,011
Productivity Solutions and Services	298		329		620		690
Process Solutions	1,509		1,482		3,005		2,967
Warehouse and Workflow Solutions	233		398		443		862
Net Industrial Automation sales	2,506		2,727		4,984		5,530
Building Automation
Products	908		918		1,721		1,826
Building Solutions	663		592		1,276		1,171


Net Building Automation sales	1,571		1,510		2,997		2,997
Energy and Sustainability Solutions
UOP	599		623		1,176		1,188
Advanced Materials	1,005		944		1,953		1,840
Net Energy and Sustainability Solutions sales	1,604		1,567		3,129		3,028
Corporate and All Other	5		1		12		3
Net sales	$	9,577	$	9,146	$	18,682	$	18,010

In April 2024, the Company realigned certain business units within the Industrial Automation reportable business segment. The gas detection business moved from the Sensing and Safety Technologies business unit to the Process Solutions business unit to align with the process measurement controls business. The Company recast historical periods to reflect this realignment.

Aerospace Technologies – A global supplier of products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, and defense and space contractors. Aerospace Technologies 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, and thermal systems. Aerospace Technologies also provides spare parts, repair, overhaul, and maintenance services (principally to aircraft operators), and sells licenses or intellectual property to other parties. Honeywell Forge solutions enable customers to turn data into predictive maintenance and predictive analytics to enable better fleet management and make flight operations more efficient.

Industrial Automation – A global provider of industrial automation solutions that deliver intelligent, sustainable, and secure operations for customers in oil and gas, petrochemicals, life sciences, metals and mining, and warehouse and logistics segments. With millions of installed assets, Industrial Automation deploys outcome-based solutions to increase asset utilization; improve operational efficiency and labor productivity; reduce carbon emissions with less energy consumption; and enhance cyber security for critical infrastructure and operational assets. Industrial Automation offerings include automation control and instrumentation products and services; smart energy products; sensing technologies with an array of custom-engineered sensors and services; gas detection technologies and personal protective equipment; and system design, advanced automation equipment, software and analytics for manufacturing, distribution and fulfillment operations. These products and services are combined with proprietary machine learning and artificial intelligence algorithms in products and projects which are digitally enabled through the Company's industry leading industrial Internet of Things (IoT) platform, Honeywell Forge.

Building Automation – 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. Building Automation 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 customers to digitally manage buildings, connecting data from different assets to enable smart maintenance, improve building performance, and even protect from incoming security threats.

Energy and Sustainability Solutions – A global provider of industry leading technology, processing, and licensing capabilities combined with material science capabilities and innovative chemistry to offer focused solutions that are integral to facilitating the world's energy transition. The reportable business segment is comprised of UOP and Advanced Materials business units. The UOP business provides sustainable aviation fuels, petrochemical and refining technologies, and carbon management solutions across multiple sectors through process technology solutions, products, including catalysts and adsorbents, equipment and aftermarket services. The Advanced Materials business provides customers with its Solstice lower global warming potential refrigeration and heating solutions, Spectra fibers for high end protective armor and medical applications, and leading-edge semiconductor materials. Honeywell Forge solutions serve customer asset productivity and efficiency needs by providing connectivity, data integration, and software solutions to generate a holistic view of their operations.

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 reportable business segment, refer to Note 18 Segment Financial Data.

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Products, transferred point in time	57	%	58	%	57	%	58	%
Products, transferred over time	11		12		11		13
Net product sales	68		70		68		71
Services, transferred point in time	5		11		5		9
Services, transferred over time	27		19		27		20
Net service sales	32		30		32		29
Net sales	100	%	100	%	100	%	100	%

CONTRACT BALANCES

The Company tracks progress on satisfying performance obligations under contracts with customers. The related billings and cash collections are recorded in 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 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. Contract assets are recognized when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Contract liabilities are recorded 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 are derecognized 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:


	2024		2023
Contract assets—January 1	$	2,013	$	2,294
Contract assets—June 30	2,072		2,438
Change in contract assets—increase (decrease)	$	59	$	144

Contract liabilities—January 1	$	(4,326)	$	(4,583)
Contract liabilities—June 30	(4,096)		(4,179)
Change in contract liabilities—decrease (increase)	$	230	$	404

Net change	$	289	$	548

For the three and six months ended June 30, 2024, the Company recognized revenue of $494 million and $1,487 million, respectively, that was previously included in the beginning balance of contract liabilities. For the three and six months ended June 30, 2023, the Company recognized revenue of $528 million and $1,481 million, respectively, that was previously included in the beginning balance of contract liabilities.

Contract assets included $1,968 million and $1,949 million of unbilled balances under long-term contracts as of June 30, 2024, and December 31, 2023, 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 for goods or services and 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 contracts with customers require highly complex integration or manufacturing services not separately identifiable from other promises in the contracts and, therefore, are not distinct, the entire contract is accounted for as a single performance obligation. In situations when the Company's contracts include 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 stand-alone 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 stand-alone sales are used to determine the stand-alone 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 reportable business segment:


	June 30, 2024
Aerospace Technologies	$	13,724
Industrial Automation	5,880
Building Automation	7,707
Energy and Sustainability Solutions	4,667
Corporate and All Other1	32
Total performance obligations	$	32,010


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

Performance obligations recognized as of June 30, 2024, 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 57% and 43%, 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

LONG-TERM DEBT AND CREDIT AGREEMENTS - Schedule (Details) € in Millions, $ in Millions	Jun. 30, 2024 USD ($)	Mar. 11, 2024	Mar. 01, 2024 USD ($)	Mar. 01, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Debt issuance costs	$ (297)				$ (245)
Total Long-term debt and current related maturities	23,384				18,358
Less: Current maturities of long-term debt	2,519				1,796
Total Long-term debt	20,865				16,562
Fair Value Hedging \| Derivatives in fair value hedging relationships
Debt Instrument [Line Items]
Fair value of hedging instruments	(212)				(166)
0.00% Euro notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 0				547
Interest rate	0.00%	0.00%
2.30% notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 750				750
Interest rate	2.30%
4.85% notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 400				400
Interest rate	4.85%
1.35% notes due 2025
Debt Instrument [Line Items]
Senior notes	$ 1,250				1,250
Interest rate	1.35%
2.50% notes due 2026
Debt Instrument [Line Items]
Senior notes	$ 1,500				1,500
Interest rate	2.50%
1.10% notes due 2027
Debt Instrument [Line Items]
Senior notes	$ 1,000				1,000
Interest rate	1.10%
3.50% Euro notes due 2027
Debt Instrument [Line Items]
Senior notes	$ 695				711
Interest rate	3.50%
4.95% notes due 2028
Debt Instrument [Line Items]
Senior notes	$ 500				500
Interest rate	4.95%
2.25% Euro notes due 2028
Debt Instrument [Line Items]
Senior notes	$ 802				820
Interest rate	2.25%
4.25% notes due 2029
Debt Instrument [Line Items]
Senior notes	$ 750				750
Interest rate	4.25%
2.70% notes due 2029
Debt Instrument [Line Items]
Senior notes	$ 750				750
Interest rate	2.70%
$4.875% notes due 2029
Debt Instrument [Line Items]
Senior notes	$ 500		$ 500		0
Interest rate	4.875%		4.875%	4.875%
3.375% Euro notes due 2030
Debt Instrument [Line Items]
Senior notes	$ 802			€ 750	0
Interest rate	3.375%		3.375%	3.375%
$1.95% notes due 2030
Debt Instrument [Line Items]
Senior notes	$ 1,000				1,000
Interest rate	1.95%
4.95% notes due 2031
Debt Instrument [Line Items]
Senior notes	$ 500		$ 500		0
Interest rate	4.95%		4.95%	4.95%
$1.75% notes due 2031
Debt Instrument [Line Items]
Senior notes	$ 1,500				1,500
Interest rate	1.75%
0.75% Euro notes due 2032
Debt Instrument [Line Items]
Senior notes	$ 535				547
Interest rate	0.75%
3.75% Euro notes due 2032
Debt Instrument [Line Items]
Senior notes	$ 535				547
Interest rate	3.75%
5.00% notes due 2033
Debt Instrument [Line Items]
Senior notes	$ 1,100				1,100
Interest rate	5.00%
4.50% notes due 2034
Debt Instrument [Line Items]
Senior notes	$ 1,000				1,000
Interest rate	4.50%
4.125% Senior Notes due 2034
Debt Instrument [Line Items]
Senior notes	$ 1,069				1,094
Interest rate	4.125%
$5.00% notes due 2035
Debt Instrument [Line Items]
Senior notes	$ 750		$ 750		0
Interest rate	5.00%		5.00%	5.00%
3.75% Euro notes due 2036
Debt Instrument [Line Items]
Senior notes	$ 802			€ 750	0
Interest rate	3.75%		3.75%	3.75%
$5.70% notes due 2036
Debt Instrument [Line Items]
Senior notes	$ 441				441
Interest rate	5.70%
5.70% notes due 2037
Debt Instrument [Line Items]
Senior notes	$ 462				462
Interest rate	5.70%
5.375% notes due 2041
Debt Instrument [Line Items]
Senior notes	$ 417				417
Interest rate	5.375%
3.812% notes due 2047
Debt Instrument [Line Items]
Senior notes	$ 442				442
Interest rate	3.812%
2.80% notes due 2050
Debt Instrument [Line Items]
Senior notes	$ 750				750
Interest rate	2.80%
$5.25% notes due 2054
Debt Instrument [Line Items]
Senior notes	$ 1,750		$ 1,750		0
Interest rate	5.25%		5.25%	5.25%
$5.35% notes due 2064
Debt Instrument [Line Items]
Senior notes	$ 650		$ 650		0
Interest rate	5.35%		5.35%	5.35%
Industrial development bond obligations, floating rate maturing at various dates through 2037
Debt Instrument [Line Items]
Industrial development bond obligations, floating rate maturing at various dates through 2037	$ 22				22
6.625% debentures due 2028
Debt Instrument [Line Items]
Debentures	$ 201				201
Interest rate	6.625%
9.065% debentures due 2033
Debt Instrument [Line Items]
Debentures	$ 51				51
Interest rate	9.065%
Other (including capitalized leases), 6.0% weighted average interest rate maturing at various dates through 2029
Debt Instrument [Line Items]
Other (including capitalized leases), 6.0% weighted average interest rate maturing at various dates through 2029	$ 217				$ 217
Weighted average interest rate	6.00%

COVER	6 Months Ended
COVER	Jun. 30, 2024 shares
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
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	649,671,200
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Central Index Key	0000773840
Current Fiscal Year End Date	--12-31
Common stock, par value
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $1 per share
Trading Symbol	HON
Security Exchange Name	NASDAQ
3.500% Senior Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	3.500% Senior Notes due 2027
Trading Symbol	HON 27
Security Exchange Name	NASDAQ
2.250% Senior Notes due 2028
Entity Listings [Line Items]
Title of 12(b) Security	2.250% Senior Notes due 2028
Trading Symbol	HON 28A
Security Exchange Name	NASDAQ
3.375% Euro notes due 2030
Entity Listings [Line Items]
Title of 12(b) Security	3.375% Senior Notes due 2030
Trading Symbol	HON 30
Security Exchange Name	NASDAQ
0.750% Senior Notes due 2032
Entity Listings [Line Items]
Title of 12(b) Security	0.750% Senior Notes due 2032
Trading Symbol	HON 32
Security Exchange Name	NASDAQ
3.750% Senior Notes due 2032
Entity Listings [Line Items]
Title of 12(b) Security	3.750% Senior Notes due 2032
Trading Symbol	HON 32A
Security Exchange Name	NASDAQ
4.125% Senior Notes due 2034
Entity Listings [Line Items]
Title of 12(b) Security	4.125% Senior Notes due 2034
Trading Symbol	HON 34
Security Exchange Name	NASDAQ
3.75% Euro notes due 2036
Entity Listings [Line Items]
Title of 12(b) Security	3.750% Senior Notes due 2036
Trading Symbol	HON 36
Security Exchange Name	NASDAQ

PENSION BENEFITS (Tables)

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Defined Benefit Plans Disclosure

Net periodic pension benefit (income) cost for the Company's significant pension plans included the following components:


	U.S. Plans
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Service cost	$	7	$	7	$	14	$	14
Interest cost	149		161		299		322
Expected return on plan assets	(281)		(278)		(562)		(556)
Amortization of prior service (credit) cost	(2)		(10)		(4)		(20)
Net periodic benefit income	$	(127)	$	(120)	$	(253)	$	(240)


	Non-U.S. Plans
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Service cost	$	3	$	3	$	6	$	6
Interest cost	47		49		94		99
Expected return on plan assets	(74)		(68)		(148)		(136)


Net periodic benefit income	$	(24)	$	(16)	$	(48)	$	(31)

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of acquisition-related intangibles	$ 85	$ 61	$ 155	$ 129

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Cumulative Basis Adjustments for Fair Value Hedges (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Total Long-term debt	Total Long-term debt
Derivatives in fair value hedging relationships
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of Hedged Item	$ 4,475	$ 4,551
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Item	$ (212)	$ (166)

COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2024

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, 2023	$	641
Accruals for environmental matters deemed probable and reasonably estimable	150
Environmental liability payments	(98)

Balance at June 30, 2024	$	693

Environmental Liabilities are Included in the Following Balance Sheet Accounts

Environmental liabilities are included in the following balance sheet accounts:


	June 30, 2024		December 31, 2023
Accrued liabilities	$	228	$	227
Other liabilities	465		414
Total environmental liabilities	$	693	$	641

Asbestos Related Liabilities


	Bendix		NARCO		Total
December 31, 2023	$	1,644	$	—	$	1,644
Accrual for update to estimated liability	20		1		21
Change in estimated cost of future claims	10		—		10
Asbestos-related liability payments	(89)		(1)		(90)

June 30, 2024	$	1,585	$	—	$	1,585

Insurance Recoveries for Asbestos Related Liabilities


	Bendix		NARCO		Total
December 31, 2023	$	123	$	88	$	211
Probable insurance recoveries related to estimated liability	—		—		—
Insurance receipts for asbestos-related liabilities	(4)		(3)		(7)

June 30, 2024	$	119	$	85	$	204

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

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


	June 30, 2024		December 31, 2023
Other current assets	$	41	$	41
Insurance recoveries for asbestos-related liabilities	163		170
Total insurance recoveries for asbestos-related liabilities	$	204	$	211
Accrued liabilities	$	141	$	154
Asbestos-related liabilities	1,444		1,490
Total asbestos-related liabilities	$	1,585	$	1,644

Bendix Related Asbestos Claims Activity

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


	Six Months Ended June 30,	Years Ended December 31,
	2024	2023	2022
Claims unresolved at the beginning of period	5,517	5,608	6,401
Claims filed	811	1,803	2,014
Claims resolved	(1,066)	(1,894)	(2,807)
Claims unresolved at the end of period	5,262	5,517	5,608

Disease Distribution of Claims


	June 30,	December 31,
Disease Distribution of Unresolved Claims	2024	2023	2022
Mesothelioma and other cancer claims	3,223	3,244	3,283
Nonmalignant claims	2,039	2,273	2,325
Total claims	5,262	5,517	5,608

Average Resolution Values per Asbestos Claim

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


	Years Ended December 31,
	2023		2022		2021		2020		2019
	(in whole dollars)
Mesothelioma and other cancer claims	$	66,200	$	59,200	$	56,000	$	61,500	$	50,200
Nonmalignant claims	$	1,730	$	520	$	400	$	550	$	3,900

DERIVATIVE INSTURMENTS AND HEDGING TRANSACTIONS - Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) (Details) - Derivatives in fair value hedging relationships - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Euro-denominated long-term debt
Derivative [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	$ 61	$ (37)	$ 100	$ (86)
Euro-denominated commercial paper
Derivative [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	22	(15)	41	(43)
Cross currency swap agreements
Derivative [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	$ 12	$ (18)	$ 87	$ (75)

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rate was higher than the U.S. federal statutory rate of 21% and remained unchanged in 2024 compared to 2023 due to increased benefit from taxes on non-U.S. earnings and employee share-based compensation deductions, offset by incremental expense from tax reserve activity and foreign tax matters.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (SX 210.4-08(h)(2))
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Accrual for Environmental Loss Contingencies [Roll Forward]
Beginning of period	$ 641
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Accruals for environmental matters deemed probable and reasonably estimable	$ 150
Environmental liability payments	(98)
End of period	$ 693
Loss Contingency, Classification of Accrual [Abstract]
Environmental Loss Contingency, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Accrued liabilities	$ 228	$ 227
Environmental Loss Contingency, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Other liabilities	$ 465	$ 414
Total environmental liabilities	$ 693	$ 641
Environmental Liabilities \| Resideo
Loss Contingency, Classification of Accrual [Abstract]
Cash payments of annual environmental spending percentage	90.00%
Indemnification and reimbursement agreement annual cap	$ 140
Indemnification and reimbursement agreement minimum amount (less than)	25
Reimbursements from indemnification and reimbursement agreement	$ 70
Receivable as a percentage of environmental costs incurred	90.00%
Reimbursement receivable indemnification and reimbursement agreement	$ 103
Other current assets, reimbursement agreement	140
Other assets, reimbursement agreement	$ 554

LONG-TERM DEBT AND CREDIT AGREEMENTS

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

LONG-TERM DEBT AND CREDIT AGREEMENTS


	June 30, 2024		December 31, 2023








0.00% Euro notes due 2024	$	—	$	547
2.30% notes due 2024	750		750
4.85% notes due 2024	400		400
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
3.50% Euro notes due 2027	695		711
4.95% notes due 2028	500		500
2.25% Euro notes due 2028	802		820
4.25% notes due 2029	750		750
2.70% notes due 2029	750		750
4.875% notes due 2029	500		—
3.375% Euro notes due 2030	802		—
1.95% notes due 2030	1,000		1,000
4.95% notes due 2031	500		—
1.75% notes due 2031	1,500		1,500
0.75% Euro notes due 2032	535		547
3.75% Euro notes due 2032	535		547
5.00% notes due 2033	1,100		1,100
4.50% notes due 2034	1,000		1,000
4.125% Euro notes due 2034	1,069		1,094
5.00% notes due 2035	750		—
3.75% Euro notes due 2036	802		—
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	442		442
2.80% notes due 2050	750		750
5.25% notes due 2054	1,750		—
5.35% notes due 2064	650		—
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), 6.0% weighted average interest rate maturing at various dates through 2029	217		217
Fair value of hedging instruments	(212)		(166)
Debt issuance costs	(297)		(245)
Total Long-term debt and current related maturities	23,384		18,358
Less: Current maturities of long-term debt	2,519		1,796
Total Long-term debt	$	20,865	$	16,562

On March 1, 2024, the Company issued $500 million 4.875% Senior Notes due 2029, $500 million 4.95% Senior Notes due 2031, $750 million 5.00% Senior Notes due 2035, $1.75 billion 5.25% Senior Notes due 2054, and $650 million 5.35% Senior Notes due 2064 (collectively, the 2024 USD Notes). The Company may redeem the 2024 USD Notes at any time, and from time to time, in whole or in part, at the Company's option at the applicable redemption price. The offering provided gross proceeds of $4.2 billion, offset by $44 million in discount and closing costs related to the offering.

On March 1, 2024, the Company issued €750 million 3.375% Senior Notes due 2030 and €750 million 3.75% Senior Notes due 2036 (collectively, the 2024 Euro Notes). The Company may redeem the 2024 Euro Notes at any time, and from time to time, in whole or in part, at the Company's option at the applicable redemption price. The offering provided gross proceeds of $1.6 billion, offset by $21 million in discount and closing costs related to the offering.

The 2024 USD Notes and 2024 Euro Notes are senior unsecured and unsubordinated obligations of the Company and rank equally with each other and with all of the Company's existing and future senior unsecured debt and senior to all of the Company's subordinated debt. The Company intends to use the proceeds from the issuances for general corporate purposes, which may include, among other things, the repayment of outstanding debt and financing of possible acquisitions or business expansion.

On March 11, 2024, the Company repaid its 0.00% Euro notes due 2024.

On March 18, 2024, the Company entered into a $1.5 billion 364-day credit agreement (the 364-Day Credit Agreement) and a $4.0 billion amended and restated five-year credit agreement (the 5-Year Credit Agreement). The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of March 20, 2023, which was terminated in accordance with its terms effective March 18, 2024. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 17, 2025, 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 17, 2026, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. 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 20, 2023. 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 and 5-Year Credit Agreement are maintained for general corporate purposes.

As of June 30, 2024, there were no outstanding borrowings under the 364-Day Credit Agreement or the 5-Year 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://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (SX 210.4-08(c))
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

ACQUISITIONS AND DIVESTITURES

6 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS

On July 10, 2024, the Company announced its intention to acquire Air Products' liquefied natural gas process technology and equipment business in an all-cash transaction of approximately $1.8 billion. The transaction is not subject to any financing condition but is subject to regulatory review and approval and customary closing conditions. The transaction is expected to close in the second half of 2024 and the business will be reported within the Energy and Sustainability Solutions reportable business segment.

On June 20, 2024, the Company announced its intention to acquire CAES Systems Holdings LLC from private equity firm Advent International in an all-cash transaction of approximately $1.9 billion. The transaction is not subject to any financing condition but is subject to regulatory review and approval and customary closing conditions. The transaction is expected to close in the second half of 2024 and the business will be reported within the Aerospace Technologies reportable business segment.

On June 3, 2024, the Company acquired 100% of the outstanding equity interests of Carrier Global Corporation's Global Access Solutions business (Access Solutions), an innovative global leader in advanced access and security solutions, electronic locking systems, and contactless mobile key solutions, for total consideration of $4,913 million, net of cash acquired. The business is included in the Building Automation reportable business segment. The following table summarizes the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of June 30, 2024:



Current assets	$	244
Intangible assets	2,050
Other noncurrent assets	20
Current liabilities	(133)
Noncurrent liabilities	(65)
Net assets acquired	2,116
Goodwill	2,878
Purchase price	$	4,994

The Access Solutions identifiable intangible assets primarily include customer relationships, technology, and trademarks that are being amortized over their estimated useful lives ranging from 10 to 20 years using straight line and accelerated amortization methods. The majority of the goodwill is deductible for tax purposes. As of June 30, 2024, the purchase accounting for Access Solutions is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, working capital adjustments, and tax balances.

On March 27, 2024, the Company announced its intention to acquire Civitanavi Systems S.p.A. in an all-cash transaction for approximately €200 million. The transaction is not subject to any financing condition but is subject to regulatory review and approval, the tender into the offer of at least 95% of Civitanavi Systems S.p.A.’s outstanding shares, and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024 and the business will be reported within the Aerospace Technologies reportable business segment.

On August 25, 2023, the Company acquired 100% of the outstanding equity interests of SCADAfence, a provider of operational technology and Internet of Things cybersecurity solutions for monitoring large scale networks, for total consideration of $52 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with SCADAfence are included in the Consolidated Balance Sheet as of June 30, 2024, including $17 million of intangible assets and $42 million of goodwill, which is not deductible for tax purposes. The purchase accounting is subject to final adjustment, primarily for the value of intangible assets, amounts allocated to goodwill, and tax balances.

On June 30, 2023, the Company acquired 100% of the outstanding equity interests of Compressor Controls Corporation, a turbomachinery services and controls company based in the United States, for total cash consideration of $673 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with Compressor Controls Corporation are included in the Consolidated Balance Sheet as of June 30, 2024, including $282 million of intangible assets and $351 million allocated to goodwill, which is deductible for tax purposes. The identifiable intangible assets primarily include customer relationships amortized over an estimated life of 15 years using an excess earnings amortization method. The Company finalized the evaluation for the fair value of all the assets and liabilities acquired with Compressor Controls Corporation during the second quarter of 2024.

DIVESTITURES

For the six months ended June 30, 2024, and 2023, there were no significant divestitures that closed individually or in the aggregate.

PENSION BENEFITS

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

PENSION BENEFITS

Net periodic pension benefit (income) cost for the Company's significant pension plans included the following components:


	U.S. Plans
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Service cost	$	7	$	7	$	14	$	14
Interest cost	149		161		299		322
Expected return on plan assets	(281)		(278)		(562)		(556)
Amortization of prior service (credit) cost	(2)		(10)		(4)		(20)
Net periodic benefit income	$	(127)	$	(120)	$	(253)	$	(240)


	Non-U.S. Plans
	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Service cost	$	3	$	3	$	6	$	6
Interest cost	47		49		94		99
Expected return on plan assets	(74)		(68)		(148)		(136)


Net periodic benefit income	$	(24)	$	(16)	$	(48)	$	(31)

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

REPOSITIONING AND OTHER CHARGES - Repositioning Reserves (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Reserve [Roll Forward]
Balance at beginning of period			$ 279
Charges	$ 39	$ 66	88	$ 169
Usage—cash			(109)
Usage—noncash			0
Foreign currency translation			0
Adjustments			(27)
Balance at end of period	231		231
Severance Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period			188
Charges			53
Usage—cash			(56)
Usage—noncash			0
Foreign currency translation			0
Adjustments			(18)
Balance at end of period	167		167
Asset impairments
Restructuring Reserve [Roll Forward]
Balance at beginning of period			0
Charges			2
Usage—cash			0
Usage—noncash			0
Foreign currency translation			0
Adjustments			(2)
Balance at end of period	0		0
Exit costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period			91
Charges			33
Usage—cash			(53)
Usage—noncash			0
Foreign currency translation			0
Adjustments			(7)
Balance at end of period	$ 64		$ 64

EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share Basic

The details of the earnings per share calculations for the three and six months ended June 30, 2024, and 2023, are as follows (shares in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
Basic	2024		2023		2024		2023
Net income attributable to Honeywell	$	1,544	$	1,487	$	3,007	$	2,881
Weighted average shares outstanding	650.2		665.3		651.3		666.5
Earnings per share of common stock—basic	$	2.37	$	2.24	$	4.62	$	4.32

Earnings Per Share Diluted


	Three Months Ended June 30,				Six Months Ended June 30,
Assuming Dilution	2024		2023		2024		2023
Net income attributable to Honeywell	$	1,544	$	1,487	$	3,007	$	2,881
Average shares
Weighted average shares outstanding	650.2		665.3		651.3		666.5
Dilutive securities issuable—stock plans	4.0		4.9		4.2		5.4
Total weighted average diluted shares outstanding	654.2		670.2		655.5		671.9
Earnings per share of common stock—assuming dilution	$	2.36	$	2.22	$	4.59	$	4.29

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Notional and Fair Value of Outstanding Derivatives (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Notional	$ 21,435	$ 17,897
Fair Value Asset	47	53
Fair Value (Liability)	(318)	(339)
Derivatives in fair value hedging relationships
Derivative [Line Items]
Notional	12,801	9,699
Fair Value Asset	44	46
Fair Value (Liability)	(301)	(334)
Derivatives in fair value hedging relationships \| Fair Value Hedging \| Interest rate swap agreements
Derivative [Line Items]
Notional	4,687	4,717
Fair Value Asset	0	18
Fair Value (Liability)	(212)	(184)
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	898	712
Fair Value Asset	19	28
Fair Value (Liability)	(6)	(4)
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Commodity contracts
Derivative [Line Items]
Notional	2	6
Fair Value Asset	0	0
Fair Value (Liability)	0	(1)
Derivatives in fair value hedging relationships \| Net Investment Hedging \| Cross currency swap agreements
Derivative [Line Items]
Notional	7,214	4,264
Fair Value Asset	25	0
Fair Value (Liability)	(83)	(145)
Derivatives not designated as hedging instruments \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	8,634	8,198
Fair Value Asset	3	7
Fair Value (Liability)	$ (17)	$ (5)

CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 312	$ 323

REPOSITIONING AND OTHER CHARGES (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Repositioning and Other Charges

A summary of net repositioning and other charges follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Severance	$	20	$	19	$	53	$	86
Asset impairments	1		9		2		21
Exit costs	18		38		33		62
Reserve adjustments	(12)		(12)		(27)		(17)
Total net repositioning charges	27		54		61		152
Asbestos-related charges, net of insurance and reimbursements	18		34		36		55
Probable and reasonably estimable environmental liabilities, net of reimbursements	(1)		12		23		34
Other charges	—		2		17		2
Total net repositioning and other charges	$	44	$	102	$	137	$	243

Pretax Distribution of Total Net Repositioning and Other Charges

The following table summarizes the pre-tax distribution of total net repositioning and other charges by classification in the Consolidated Statement of Operations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of products and services sold	$	28	$	63	$	86	$	143
Selling, general and administrative expenses	16		26		34		91
Other (income) expense	—		13		17		9
Total net repositioning and other charges	$	44	$	102	$	137	$	243

Pretax Impact of Total Net Repositioning and Other Charges by Segment

The following table summarizes the pre-tax amount of total net repositioning and other charges by reportable business segment. These amounts are excluded from segment profit as described in Note 18 Segment Financial Data:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Aerospace Technologies	$	3	$	8	$	8	$	11
Industrial Automation	11		41		28		89
Building Automation	(4)		4		—		31
Energy and Sustainability Solutions	1		(6)		19		5
Corporate and All Other	33		55		82		107
Total net repositioning and other charges	$	44	$	102	$	137	$	243

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, 2023	$	188	$	—	$	91	$	279
Charges	53		2		33		88
Usage—cash	(56)		—		(53)		(109)
Usage—noncash	—		—		—		—
Foreign currency translation	—		—		—		—
Adjustments	(18)		(2)		(7)		(27)
Balance at June 30, 2024	$	167	$	—	$	64	$	231

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2024

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 Benefit Adjustments		Changes in Fair Value of Available for Sale Investments		Changes in Fair Value of Cash Flow Hedges		Total
Balance at December 31, 2023	$	(3,101)	$	(1,055)	$	(2)	$	23	$	(4,135)
Other comprehensive income (loss) before reclassifications	83		—		(1)		4		86
Amounts reclassified from accumulated other comprehensive income (loss)	—		(10)		—		(16)		(26)
Net current period other comprehensive income (loss)	83		(10)		(1)		(12)		60
Balance at June 30, 2024	$	(3,018)	$	(1,065)	$	(3)	$	11	$	(4,075)


	Foreign Exchange Translation Adjustment		Pension and Other Postretirement Benefit Adjustments		Changes in Fair Value of Available for Sale Investments		Changes in Fair Value of Cash Flow Hedges		Total
Balance at December 31, 2022	$	(2,832)	$	(648)	$	(7)	$	12	$	(3,475)
Other comprehensive income (loss) before reclassifications	(132)		—		3		30		(99)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(24)		—		(13)		(37)
Net current period other comprehensive income (loss)	(132)		(24)		3		17		(136)
Balance at June 30, 2023	$	(2,964)	$	(672)	$	(4)	$	29	$	(3,611)

COMMITMENTS AND CONTINGENCIES - Resolution Values Per Claim Excluding Legal Costs (Details) - Bendix - $ / claim	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Resolution Values Per Claim [Line Items]
Malignant claims (in dollars per claim)	66,200	59,200	56,000	61,500	50,200
Nonmalignant claims (in dollars per claim)	1,730	520	400	550	3,900

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Disaggregation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 9,577	$ 9,146	$ 18,682	$ 18,010
Net sales - percentage	100.00%	100.00%	100.00%	100.00%
Corporate and All Other
Disaggregation of Revenue [Line Items]
Net sales	$ 5	$ 1	$ 12	$ 3
Product
Disaggregation of Revenue [Line Items]
Net sales	$ 6,477	$ 6,441	$ 12,740	$ 12,751
Net sales - percentage	68.00%	70.00%	68.00%	71.00%
Product \| Transferred point in time
Disaggregation of Revenue [Line Items]
Net sales - percentage	57.00%	58.00%	57.00%	58.00%
Product \| Transferred over time
Disaggregation of Revenue [Line Items]
Net sales - percentage	11.00%	12.00%	11.00%	13.00%
Service
Disaggregation of Revenue [Line Items]
Net sales	$ 3,100	$ 2,705	$ 5,942	$ 5,259
Net sales - percentage	32.00%	30.00%	32.00%	29.00%
Service \| Corporate and All Other
Disaggregation of Revenue [Line Items]
Net sales	$ 5	$ 1	$ 12	$ 3
Service \| Transferred point in time
Disaggregation of Revenue [Line Items]
Net sales - percentage	5.00%	11.00%	5.00%	9.00%
Service \| Transferred over time
Disaggregation of Revenue [Line Items]
Net sales - percentage	27.00%	19.00%	27.00%	20.00%
Aerospace Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	$ 3,891	$ 3,341	$ 7,560	$ 6,452
Aerospace Technologies \| Commercial Aviation Original Equipment \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	668	607	1,342	1,148
Aerospace Technologies \| Commercial Aviation Aftermarket \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,798	1,533	3,457	2,956
Aerospace Technologies \| Defense and Space \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,425	1,201	2,761	2,348
Aerospace Technologies \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	2,127	1,799	4,152	3,471
Aerospace Technologies \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,764	1,542	3,408	2,981
Industrial Automation \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	2,506	2,727	4,984	5,530
Industrial Automation \| Sensing and Safety Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	466	518	916	1,011
Industrial Automation \| Productivity Solutions and Services \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	298	329	620	690
Industrial Automation \| Process Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,509	1,482	3,005	2,967
Industrial Automation \| Warehouse and Workflow Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	233	398	443	862
Industrial Automation \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,777	2,061	3,577	4,220
Industrial Automation \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	729	666	1,407	1,310
Building Automation \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,571	1,510	2,997	2,997
Building Automation \| Products \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	908	918	1,721	1,826
Building Automation \| Building Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	663	592	1,276	1,171
Building Automation \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,154	1,159	2,211	2,291
Building Automation \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	417	351	786	706
Energy and Sustainability Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,604	1,567	3,129	3,028
Energy and Sustainability Solutions \| UOP \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	599	623	1,176	1,188
Energy and Sustainability Solutions \| Advanced Materials \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,005	944	1,953	1,840
Energy and Sustainability Solutions \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,419	1,422	2,800	2,769
Energy and Sustainability Solutions \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	$ 185	$ 145	$ 329	$ 259

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			$ 16,434
Other comprehensive income (loss), net of tax	$ (27)	$ (77)	36	$ (139)
Ending balance	17,510	17,894	17,510	17,894
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(4,048)	(3,538)	(4,135)	(3,475)
Other comprehensive income (loss) before reclassifications			86	(99)
Amounts reclassified from accumulated other comprehensive income (loss)			(26)	(37)
Other comprehensive income (loss), net of tax			60	(136)
Ending balance	(4,075)	(3,611)	(4,075)	(3,611)
Foreign Exchange Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(3,101)	(2,832)
Other comprehensive income (loss) before reclassifications			83	(132)
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Other comprehensive income (loss), net of tax			83	(132)
Ending balance	(3,018)	(2,964)	(3,018)	(2,964)
Pension and Other Postretirement Benefit Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(1,055)	(648)
Other comprehensive income (loss) before reclassifications			0	0
Amounts reclassified from accumulated other comprehensive income (loss)			(10)	(24)
Other comprehensive income (loss), net of tax			(10)	(24)
Ending balance	(1,065)	(672)	(1,065)	(672)
Changes in Fair Value of Available for Sale Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			(2)	(7)
Other comprehensive income (loss) before reclassifications			(1)	3
Amounts reclassified from accumulated other comprehensive income (loss)			0	0
Other comprehensive income (loss), net of tax			(1)	3
Ending balance	(3)	(4)	(3)	(4)
Changes in Fair Value of Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			23	12
Other comprehensive income (loss) before reclassifications			4	30
Amounts reclassified from accumulated other comprehensive income (loss)			(16)	(13)
Other comprehensive income (loss), net of tax			(12)	17
Ending balance	$ 11	$ 29	$ 11	$ 29

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION In the opinion of management, the accompanying unaudited Consolidated Financial Statements reflect all adjustments necessary to present fairly the financial position, results of operations, cash flows, and shareowners' equity of Honeywell International Inc. and its consolidated subsidiaries (Honeywell or the Company) for the periods presented. The interim results of operations and cash flows should not necessarily be taken as indicative of the entire year. Honeywell reports its quarterly financial information using a calendar convention; the first, second, and third quarters are consistently reported as ending on March 31, June 30, and September 30, respectively. It is Honeywell's practice to establish actual quarterly closing dates using a predetermined fiscal calendar, which requires Honeywell's businesses to close their books on a Saturday in order to minimize the potentially disruptive effects of quarterly closing on the Company's business processes. The effects of this practice are generally not significant to reported results for any quarter and only exist within a reporting year. In the event differences in actual closing dates are material to year-over-year comparisons of quarterly or year-to-date results, Honeywell will provide appropriate disclosures. Honeywell's actual closing dates for the three and six months ended June 30, 2024, and 2023, were June 29, 2024, and July 1, 2023, respectively

REPOSITIONING AND OTHER CHARGES - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($) position	Jun. 30, 2023 USD ($) position	Jun. 30, 2024 USD ($) position	Jun. 30, 2023 USD ($) position	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Charges	$ 39	$ 66	$ 88	$ 169
Restructuring costs (returned to income)	$ 27	$ 54	$ 61	$ 152
Number of employees severed (in employees) \| position	645	764	2,007,000,000	2,561
Other charges	$ 246	$ 208	$ 477	$ 468
Restructuring reserve, translation and other adjustment	0	(2)	(17)	(2)
Decrease in fair value of cash proceeds from sale		11		11	$ 11
Russia and Ukraine Conflict
Restructuring Cost and Reserve [Line Items]
Other charges						$ 295
Severance
Restructuring Cost and Reserve [Line Items]
Charges			53
Restructuring costs (returned to income)	20	19	53	86
Asset impairments
Restructuring Cost and Reserve [Line Items]
Charges			2
Restructuring costs (returned to income)	1	9	2	21
Exit costs
Restructuring Cost and Reserve [Line Items]
Charges			33
Restructuring costs (returned to income)	18	38	33	62
Restructuring costs incurred to date	$ 26	$ 25	$ 26	$ 25

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS

6 Months Ended

Jun. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS

Honeywell's foreign currency, interest rate, credit, and commodity price risk management policies are described in Note 11 Derivative Instruments and Hedging Transactions of Notes to Consolidated Financial Statements in the Company's 2023 Annual Report on Form 10-K.

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:


	Notional				Fair Value Asset				Fair Value (Liability)
	June 30, 2024		December 31, 2023		June 30, 2024		December 31, 2023		June 30, 2024		December 31, 2023
Derivatives in fair value hedging relationships
Interest rate swap agreements	$	4,687	$	4,717	$	—	$	18	$	(212)	$	(184)
Derivatives in cash flow hedging relationships
Foreign currency exchange contracts	898		712		19		28		(6)		(4)
Commodity contracts	2		6		—		—		—		(1)
Derivatives in net investment hedging relationships

Cross currency swap agreements	7,214		4,264		25		—		(83)		(145)
Total derivatives designated as hedging instruments	12,801		9,699		44		46		(301)		(334)
Derivatives not designated as hedging instruments
Foreign currency exchange contracts	8,634		8,198		3		7		(17)		(5)
Total derivatives at fair value	$	21,435	$	17,897	$	47	$	53	$	(318)	$	(339)

All derivative assets are presented in Other current assets or Other assets. All derivative liabilities are presented in Accrued liabilities or Other liabilities.

In addition to the foreign currency derivative contracts designated as net investment hedges, 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 $6,338 million and $6,099 million as of June 30, 2024, and December 31, 2023, respectively.

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


	Carrying Amount of Hedged Item				Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Item
	June 30, 2024		December 31, 2023		June 30, 2024		December 31, 2023
Long-term debt	$	4,475	$	4,551	$	(212)	$	(166)

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


	Three Months Ended June 30, 2024
	Net Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	9,577	$	4,247	$	1,609	$	1,361	$	(246)	$	250
Gain or (loss) on cash flow hedges
Foreign currency exchange contracts
Amount reclassified from accumulated other comprehensive income (loss) into income	2		6		2		4		—		—



Gain or (loss) on fair value hedges
Interest rate swap agreements
Hedged items	—		—		—		—		—		4
Derivatives designated as hedges	—		—		—		—		—		(4)



Gain or (loss) on derivatives not designated as hedging instruments
Foreign currency exchange contracts	—		—		—		—		10		—


	Three Months Ended June 30, 2023
	Net Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	9,146	$	4,133	$	1,493	$	1,262	$	(208)	$	187
Gain or (loss) on cash flow hedges
Foreign currency exchange contracts
Amount reclassified from accumulated other comprehensive income (loss) into income	2		6		2		3		—		—

Gain or (loss) on fair value hedges
Interest rate swap agreements
Hedged items	—		—		—		—		—		65
Derivatives designated as hedges	—		—		—		—		—		(65)



Gain or (loss) on derivatives not designated as hedging instruments
Foreign currency exchange contracts	—		—		—		—		(69)		—


	Six Months Ended June 30, 2024
	Net Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	18,682	$	8,282	$	3,157	$	2,663	$	(477)	$	470
Gain or (loss) on cash flow hedges
Foreign currency exchange contracts
Amount reclassified from accumulated other comprehensive income (loss) into income	3		8		3		5		—		—



Gain or (loss) on fair value hedges
Interest rate swap agreements
Hedged items	—		—		—		—		—		46
Derivatives designated as hedges	—		—		—		—		—		(46)



Gain or (loss) on derivatives not designated as hedging instruments
Foreign currency exchange contracts	—		—		—		—		33		—


	Six Months Ended June 30, 2023
	Net Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	18,010	$	8,201	$	2,923	$	2,579	$	(468)	$	357
Gain or (loss) on cash flow hedges
Foreign currency exchange contracts
Amount reclassified from accumulated other comprehensive income (loss) into income	3		9		3		4		—		—

Gain or (loss) on fair value hedges
Interest rate swap agreements
Hedged items	—		—		—		—		—		(2)
Derivatives designated as hedges	—		—		—		—		—		2



Gain or (loss) on derivatives not designated as hedging instruments
Foreign currency exchange contracts	—		—		—		—		(149)		—

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Euro-denominated long-term debt	$	61	$	(37)	$	100	$	(86)
Euro-denominated commercial paper	22		(15)		41		(43)
Cross currency swap agreements	12		(18)		87		(75)

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 9,576	$ 7,925
Short-term investments	231	170
Accounts receivable, less allowances of $312 and $323, respectively	7,759	7,530
Inventories	6,324	6,178
Other current assets	1,479	1,699
Total current assets	25,369	23,502
Investments and long-term receivables	1,472	939
Property, plant and equipment—net	5,752	5,660
Goodwill	20,824	18,049
Other intangible assets—net	5,208	3,231
Insurance recoveries for asbestos-related liabilities	163	170
Deferred income taxes	374	392
Other assets	10,167	9,582
Total assets	69,329	61,525
Current liabilities
Accounts payable	6,470	6,849
Commercial paper and other short-term borrowings	4,548	2,085
Current maturities of long-term debt	2,519	1,796
Accrued liabilities	7,507	7,809
Total current liabilities	21,044	18,539
Long-term debt	20,865	16,562
Deferred income taxes	2,137	2,094
Postretirement benefit obligations other than pensions	126	134
Asbestos-related liabilities	1,444	1,490
Other liabilities	6,196	6,265
Redeemable noncontrolling interest	7	7
SHAREOWNERS’ EQUITY
Capital—common stock issued	958	958
Capital - additional paid in capital	9,495	9,062
Common stock held in treasury, at cost	(39,007)	(38,008)
Accumulated other comprehensive income (loss)	(4,075)	(4,135)
Retained earnings	49,576	47,979
Total Honeywell shareowners’ equity	16,947	15,856
Noncontrolling interest	563	578
Total shareowners’ equity	17,510	16,434
Total liabilities, redeemable noncontrolling interest and shareowners’ equity	$ 69,329	$ 61,525

LONG-TERM DEBT AND CREDIT AGREEMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Long-Term Debt


	June 30, 2024		December 31, 2023








0.00% Euro notes due 2024	$	—	$	547
2.30% notes due 2024	750		750
4.85% notes due 2024	400		400
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
3.50% Euro notes due 2027	695		711
4.95% notes due 2028	500		500
2.25% Euro notes due 2028	802		820
4.25% notes due 2029	750		750
2.70% notes due 2029	750		750
4.875% notes due 2029	500		—
3.375% Euro notes due 2030	802		—
1.95% notes due 2030	1,000		1,000
4.95% notes due 2031	500		—
1.75% notes due 2031	1,500		1,500
0.75% Euro notes due 2032	535		547
3.75% Euro notes due 2032	535		547
5.00% notes due 2033	1,100		1,100
4.50% notes due 2034	1,000		1,000
4.125% Euro notes due 2034	1,069		1,094
5.00% notes due 2035	750		—
3.75% Euro notes due 2036	802		—
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	442		442
2.80% notes due 2050	750		750
5.25% notes due 2054	1,750		—
5.35% notes due 2064	650		—
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), 6.0% weighted average interest rate maturing at various dates through 2029	217		217
Fair value of hedging instruments	(212)		(166)
Debt issuance costs	(297)		(245)
Total Long-term debt and current related maturities	23,384		18,358
Less: Current maturities of long-term debt	2,519		1,796
Total Long-term debt	$	20,865	$	16,562

- 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

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+ Details

INVENTORIES

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

INVENTORIES


	June 30, 2024		December 31, 2023
Raw materials	$	1,534	$	1,704
Work in process	1,268		1,217
Finished products	3,522		3,257
Total Inventories	$	6,324	$	6,178

LEASES

6 Months Ended

Jun. 30, 2024

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 Company's 2023 Annual Report on Form 10-K.

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30,
		2024	2023
Right-of-use assets obtained in exchange for lease obligations
Operating leases			$	112	$	91
Finance leases			61		25

Supplemental balance sheet information related to leases was as follows:


	June 30, 2024		December 31, 2023
Operating leases
Other assets	$	997	$	1,004
Accrued liabilities	194		196
Other liabilities	904		897
Total operating lease liabilities	1,098		1,093
Finance leases
Property, plant and equipment	423		402
Accumulated depreciation	(216)		(204)
Property, plant and equipment—net	207		198
Current maturities of long-term debt	88		86
Long-term debt	98		99
Total finance lease liabilities	$	186	$	185

LEASES

The Company's operating and finance lease portfolio is described in Note 10 Leases of Notes to Consolidated Financial Statements in the Company's 2023 Annual Report on Form 10-K.

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30,
		2024	2023
Right-of-use assets obtained in exchange for lease obligations
Operating leases			$	112	$	91
Finance leases			61		25

Supplemental balance sheet information related to leases was as follows:


	June 30, 2024		December 31, 2023
Operating leases
Other assets	$	997	$	1,004
Accrued liabilities	194		196
Other liabilities	904		897
Total operating lease liabilities	1,098		1,093
Finance leases
Property, plant and equipment	423		402
Accumulated depreciation	(216)		(204)
Property, plant and equipment—net	207		198
Current maturities of long-term debt	88		86
Long-term debt	98		99
Total finance lease liabilities	$	186	$	185

ACQUISITIONS AND DIVESTITURES (Tables)

6 Months Ended

Jun. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of June 30, 2024:



Current assets	$	244
Intangible assets	2,050
Other noncurrent assets	20
Current liabilities	(133)
Noncurrent liabilities	(65)
Net assets acquired	2,116
Goodwill	2,878
Purchase price	$	4,994

PENSION BENEFITS (Details) - Pension Plan - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 7	$ 7	$ 14	$ 14
Interest cost	149	161	299	322
Expected return on plan assets	(281)	(278)	(562)	(556)
Amortization of prior service (credit) cost	(2)	(10)	(4)	(20)
Net periodic benefit income	(127)	(120)	(253)	(240)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	3	6	6
Interest cost	47	49	94	99
Expected return on plan assets	(74)	(68)	(148)	(136)
Net periodic benefit income	$ (24)	$ (16)	$ (48)	$ (31)

SEGMENT FINANCIAL DATA

6 Months Ended

Jun. 30, 2024

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), amortization of acquisition-related intangibles, repositioning and other charges, and other items within Other (income) expense.

Effective during the second quarter of 2024, the Company updated its calculation of segment profit to exclude the impact of amortization expense for acquisition-related intangible assets and certain acquisition-related costs. The Company recast historical periods to reflect segment profit under this new basis to facilitate comparability.

Effective during the first quarter of 2024, the Company realigned certain of its business units comprising its historical Performance Materials and Technologies and Safety and Productivity Solutions reportable business segments by forming two new reportable business segments: Industrial Automation and Energy and Sustainability Solutions. Industrial Automation includes Sensing and Safety Technologies, Productivity Solutions and Services, and Warehouse and Workflow Solutions, previously included in Safety and Productivity Solutions, in addition to Process Solutions, previously included in Performance Materials and Technologies. Energy and Sustainability Solutions includes UOP and Advanced Materials, previously included in Performance Materials and Technologies. Further, as part of the realignment, the Company renamed its historical Aerospace and Honeywell Building Technologies reportable business segments to Aerospace Technologies and Building Automation, respectively. This realignment had no impact on the Company’s historical consolidated financial position, results of operations, or cash flows. Prior period amounts have been recast to conform to current period segment presentation.


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net sales
Aerospace Technologies
Products	$	2,127	$	1,799	$	4,152	$	3,471
Services	1,764		1,542		3,408		2,981
Net Aerospace Technologies sales	3,891		3,341		7,560		6,452
Industrial Automation
Products	1,777		2,061		3,577		4,220
Services	729		666		1,407		1,310
Net Industrial Automation sales	2,506		2,727		4,984		5,530
Building Automation
Products	1,154		1,159		2,211		2,291
Services	417		351		786		706
Net Building Automation sales	1,571		1,510		2,997		2,997
Energy and Sustainability Solutions
Products	1,419		1,422		2,800		2,769
Services	185		145		329		259
Net Energy and Sustainability Solutions sales	1,604		1,567		3,129		3,028
Corporate and All Other

Services	5		1		12		3
Net Corporate and All Other sales	5		1		12		3
Net sales	$	9,577	$	9,146	$	18,682	$	18,010
Segment profit
Aerospace Technologies	$	1,060	$	930	$	2,095	$	1,761
Industrial Automation	477		544		951		1,130
Building Automation	397		391		747		772
Energy and Sustainability Solutions	405		363		708		665
Corporate and All Other	(140)		(115)		(208)		(200)
Total segment profit	2,199		2,113		4,293		4,128
Interest and other financial charges	(250)		(187)		(470)		(357)
Interest income	110		76		215		152
Amortization of acquisition-related intangibles	(85)		(61)		(155)		(129)
Stock compensation expense1	(55)		(50)		(108)		(109)
Pension ongoing income2	140		130		285		260
Other postretirement income2	4		7		10		13
Repositioning and other charges3	(44)		(102)		(137)		(243)
Other expense4	(45)		(22)		(88)		(29)
Income before taxes	$	1,974	$	1,904	$	3,845	$	3,686


1						Amounts included in Selling, general and administrative expenses.
2						Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component).
3						Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.
4						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.

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+ Details

REPOSITIONING AND OTHER CHARGES - Pretax Distribution of Total Net Repositioning (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning and other charges	$ 44	$ 102	$ 137	$ 243
Cost of products and services sold
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning and other charges	28	63	86	143
Selling, general and administrative expenses
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning and other charges	16	26	34	91
Other (income) expense
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning and other charges	$ 0	$ 13	$ 17	$ 9

OTHER (INCOME) EXPENSE (Tables)

6 Months Ended

Jun. 30, 2024

Other Income and Expenses [Abstract]

Other (income) expense


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Interest income	$	(110)	$	(76)	$	(215)	$	(152)
Pension ongoing income—non-service	(156)		(146)		(317)		(292)
Other postretirement income—non-service	(4)		(7)		(10)		(13)
Equity income of affiliated companies	(14)		(14)		(30)		(49)


Foreign exchange	5		18		31		20

Expense (benefit) related to Russia-Ukraine Conflict	—		2		17		(2)
Net expense related to the NARCO Buyout and HWI Sale	—		11		—		11
Acquisition-related costs	22		1		24		1
Other, net	11		3		23		8
Total Other (income) expense	$	(246)	$	(208)	$	(477)	$	(468)

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2024

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:


	Notional				Fair Value Asset				Fair Value (Liability)
	June 30, 2024		December 31, 2023		June 30, 2024		December 31, 2023		June 30, 2024		December 31, 2023
Derivatives in fair value hedging relationships
Interest rate swap agreements	$	4,687	$	4,717	$	—	$	18	$	(212)	$	(184)
Derivatives in cash flow hedging relationships
Foreign currency exchange contracts	898		712		19		28		(6)		(4)
Commodity contracts	2		6		—		—		—		(1)
Derivatives in net investment hedging relationships

Cross currency swap agreements	7,214		4,264		25		—		(83)		(145)
Total derivatives designated as hedging instruments	12,801		9,699		44		46		(301)		(334)
Derivatives not designated as hedging instruments
Foreign currency exchange contracts	8,634		8,198		3		7		(17)		(5)
Total derivatives at fair value	$	21,435	$	17,897	$	47	$	53	$	(318)	$	(339)

Schedule of Derivative Instruments

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


	Carrying Amount of Hedged Item				Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Item
	June 30, 2024		December 31, 2023		June 30, 2024		December 31, 2023
Long-term debt	$	4,475	$	4,551	$	(212)	$	(166)

Derivative Instruments, Gain (Loss)

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


	Three Months Ended June 30, 2024
	Net Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	9,577	$	4,247	$	1,609	$	1,361	$	(246)	$	250
Gain or (loss) on cash flow hedges
Foreign currency exchange contracts
Amount reclassified from accumulated other comprehensive income (loss) into income	2		6		2		4		—		—



Gain or (loss) on fair value hedges
Interest rate swap agreements
Hedged items	—		—		—		—		—		4
Derivatives designated as hedges	—		—		—		—		—		(4)



Gain or (loss) on derivatives not designated as hedging instruments
Foreign currency exchange contracts	—		—		—		—		10		—


	Three Months Ended June 30, 2023
	Net Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	9,146	$	4,133	$	1,493	$	1,262	$	(208)	$	187
Gain or (loss) on cash flow hedges
Foreign currency exchange contracts
Amount reclassified from accumulated other comprehensive income (loss) into income	2		6		2		3		—		—

Gain or (loss) on fair value hedges
Interest rate swap agreements
Hedged items	—		—		—		—		—		65
Derivatives designated as hedges	—		—		—		—		—		(65)



Gain or (loss) on derivatives not designated as hedging instruments
Foreign currency exchange contracts	—		—		—		—		(69)		—


	Six Months Ended June 30, 2024
	Net Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	18,682	$	8,282	$	3,157	$	2,663	$	(477)	$	470
Gain or (loss) on cash flow hedges
Foreign currency exchange contracts
Amount reclassified from accumulated other comprehensive income (loss) into income	3		8		3		5		—		—



Gain or (loss) on fair value hedges
Interest rate swap agreements
Hedged items	—		—		—		—		—		46
Derivatives designated as hedges	—		—		—		—		—		(46)



Gain or (loss) on derivatives not designated as hedging instruments
Foreign currency exchange contracts	—		—		—		—		33		—


	Six Months Ended June 30, 2023
	Net Sales		Cost of Products Sold		Cost of Services Sold		Selling, General and Administrative Expenses		Other (Income) Expense		Interest and Other Financial Charges
	$	18,010	$	8,201	$	2,923	$	2,579	$	(468)	$	357
Gain or (loss) on cash flow hedges
Foreign currency exchange contracts
Amount reclassified from accumulated other comprehensive income (loss) into income	3		9		3		4		—		—

Gain or (loss) on fair value hedges
Interest rate swap agreements
Hedged items	—		—		—		—		—		(2)
Derivatives designated as hedges	—		—		—		—		—		2



Gain or (loss) on derivatives not designated as hedging instruments
Foreign currency exchange contracts	—		—		—		—		(149)		—

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):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Euro-denominated long-term debt	$	61	$	(37)	$	100	$	(86)
Euro-denominated commercial paper	22		(15)		41		(43)
Cross currency swap agreements	12		(18)		87		(75)

- 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 + Details

REPOSITIONING AND OTHER CHARGES - Repositioning and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	$ 27	$ 54	$ 61	$ 152
Asbestos-related charges, net of insurance and reimbursements	18	34	36	55
Probable and reasonably estimable environmental liabilities, net of reimbursements	(1)	12	23	34
Other charges	0	2	17	2
Total net repositioning and other charges	44	102	137	243
Severance
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	20	19	53	86
Asset impairments
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	1	9	2	21
Exit costs
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	18	38	33	62
Reserve adjustments
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	$ (12)	$ (12)	$ (27)	$ (17)

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On July 2, 2024, the Company entered into a $1.5 billion second 364-day credit agreement (the Second 364-day Credit Agreement). Amounts borrowed under the Second 364-Day Credit Agreement are required to be repaid no later than July 1, 2025, unless (i) Honeywell elects to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on July 1, 2026, or (ii) the Second 364-Day Credit Agreement is terminated earlier pursuant to its terms. The Second 364-Day Credit Agreement is maintained for general corporate purposes. As of July 25, 2024, there were no outstanding borrowings under the Second 364-Day Credit Agreement. On July 10, 2024, the Company announced its intention to acquire Air Products' liquefied natural gas process technology and equipment business in an all-cash transaction of approximately $1.8 billion. See Note 3 Acquisitions and Divestitures for more information.

OTHER (INCOME) EXPENSE (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
OTHER (INCOME) EXPENSE (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Income and Expenses [Line Items]
Interest income	$ (110)	$ (76)	$ (215)	$ (152)
Equity income of affiliated companies	(14)	(14)	(30)	(49)
Foreign exchange	5	18	31	20
Expense (benefit) related to Russia-Ukraine Conflict	0	2	17	(2)
Net expense related to the NARCO Buyout and HWI Sale	0	11	0	11
Acquisition-related costs	22	1	24	1
Other, net	11	3	23	8
Total	(246)	(208)	(477)	(468)
Pension Plan
Other Income and Expenses [Line Items]
Ongoing income - non-service	(156)	(146)	(317)	(292)
Other Postretirement Benefits Plan
Other Income and Expenses [Line Items]
Ongoing income - non-service	$ (4)	$ (7)	$ (10)	$ (13)

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Contract With Customer, Asset And Liability [Roll Forward]
Contract assets - beginning balance			$ 2,013	$ 2,294
Contract assets - ending balance	$ 2,072	$ 2,438	2,072	2,438
Change in contract assets—increase (decrease)			59	144
Contract liabilities - beginning balance			(4,326)	(4,583)
Contract liabilities - ending balance	(4,096)	(4,179)	(4,096)	(4,179)
Change in contract liabilities—decrease (increase)			230	404
Net change			289	548
Contract liability, revenue recognized	494	$ 528	1,487	$ 1,481
Unbilled balances	$ 1,968		$ 1,968		$ 1,949

COMMITMENTS AND CONTINGENCIES - Petrobras and Unaoil Matters (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Jan. 31, 2023	Jun. 30, 2024
Loss Contingency, Narco and Bendix Asbestos Related Balances by Balance Sheet Caption [Line Items]
Environmental liability payments		$ 98.0
Petrobras
Loss Contingency, Narco and Bendix Asbestos Related Balances by Balance Sheet Caption [Line Items]
Environmental liability payments	$ 202.7

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2024
Accounting Policies [Abstract]
Reclassifications	Certain prior year amounts are reclassified to conform to the current year presentation. During the first quarter of 2024, the Company realigned certain of its business units as reflected in Note 18 Segment Financial Data, which impacted the composition of its reportable segments. The Company recast historical periods to reflect this change in segment presentation.
Supply Chain Financing	Amounts outstanding related to supply chain financing programs are included in Accounts payable in the Consolidated Balance Sheet. Accounts payable included approximately $1,017 million and $1,112 million as of June 30, 2024, and December 31, 2023, respectively. The impact of these programs is not material to the Company's overall liquidity.
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 December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures, which requires greater disaggregation of income tax disclosures. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU should be applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires companies to enhance the disclosures about segment expenses. The new standard requires the disclosure of the Company’s Chief Operating Decision Maker (CODM), expanded incremental line-item disclosures of significant segment expenses used by the CODM for decision-making, and the inclusion of previous annual only segment disclosure requirements on a quarterly basis. This ASU should be applied retrospectively for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impacts of this guidance 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 was effective on January 1, 2023, except for the rollforward, which became effective on January 1, 2024, for annual disclosures. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, to expand the scope of this guidance to include derivatives. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which extends the period of time entities can utilize the reference rate reform relief guidance under ASU 2020-04 from December 31, 2022, to December 31, 2024. 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.
Revenue Recognition and Contracts with Customers	The Company tracks progress on satisfying performance obligations under contracts with customers. The related billings and cash collections are recorded in 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 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. Contract assets are recognized when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Contract liabilities are recorded 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 are derecognized 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 for goods or services and 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 contracts with customers require highly complex integration or manufacturing services not separately identifiable from other promises in the contracts and, therefore, are not distinct, the entire contract is accounted for as a single performance obligation. In situations when the Company's contracts include 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 stand-alone 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 stand-alone sales are used to determine the stand-alone selling price. Performance obligations are satisfied as of a point in time or over time. Performance obligations are supported by contracts with customers, providing a framework for the nature of the distinct goods, services, or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. Performance obligations recognized as of June 30, 2024, 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 57% and 43%, 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-17

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-19

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-18

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-18

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Section 50
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147483426/235-10-50-4

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Operating leases
Other assets	$ 997	$ 1,004
Accrued liabilities	194	196
Other liabilities	904	897
Total operating lease liabilities	1,098	1,093
Finance leases
Property, plant and equipment	423	402
Accumulated depreciation	(216)	(204)
Property, plant and equipment—net	207	198
Current maturities of long-term debt	88	86
Long-term debt	98	99
Total finance lease liabilities	$ 186	$ 185
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, liability, current, statement of financial position	Less: Current maturities of long-term debt	Less: Current maturities of long-term debt
Finance lease, liability, noncurrent, statement of financial position	Total Long-term debt	Total Long-term debt

SUBSEQUENT EVENTS (Details) - USD ($) $ in Billions		6 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($) $ in Billions	Jul. 02, 2024	Dec. 31, 2024
Forecast \| Air Products
Subsequent Event [Line Items]
Payments to acquire businesses, gross		$ 1.8
Subsequent event \| Second Three Hundred Sixty Four Day Credit Agreement \| Line of Credit
Subsequent Event [Line Items]
Short-term debt, borrowing capacity	$ 1.5
Debt term	364 days

INVENTORIES (Tables)

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Inventories


	June 30, 2024		December 31, 2023
Raw materials	$	1,534	$	1,704
Work in process	1,268		1,217
Finished products	3,522		3,257
Total Inventories	$	6,324	$	6,178

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 1,544	$ 1,487	$ 3,007	$ 2,881

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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+ Details

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

ENVIRONMENTAL MATTERS

The Company is subject to various federal, state, local, and foreign government requirements relating to the protection of the environment. With respect to environmental matters involving site contamination, the Company continually conducts studies, individually or jointly with other potentially responsible parties, to determine the feasibility of various remedial techniques. It is the Company's policy to record appropriate liabilities for environmental matters when remedial efforts or damage claim payments are probable and the costs can be reasonably estimated. Such liabilities are based on the Company's best estimate of the undiscounted future costs required to complete the remedial work. The recorded liabilities are adjusted periodically as remediation efforts progress or as additional technical, regulatory, or legal information becomes available.

Honeywell's environmental matters are further described in Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements in the Company's 2023 Annual Report on Form 10-K.

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


Balance at December 31, 2023	$	641
Accruals for environmental matters deemed probable and reasonably estimable	150
Environmental liability payments	(98)

Balance at June 30, 2024	$	693

Environmental liabilities are included in the following balance sheet accounts:


	June 30, 2024		December 31, 2023
Accrued liabilities	$	228	$	227
Other liabilities	465		414
Total environmental liabilities	$	693	$	641

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 $70 million in the six months ended June 30, 2024, and offset operating cash outflows incurred by the Company. As the Company incurs costs for environmental matters deemed probable and reasonably estimable related to the sites covered by the indemnification and reimbursement agreement, a corresponding receivable from Resideo for 90% of such costs is also recorded. This receivable amount recorded in the six months ended June 30, 2024, was $103 million. As of June 30, 2024, Other current assets and Other assets included $140 million and $554 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, 2023	$	1,644	$	—	$	1,644
Accrual for update to estimated liability	20		1		21
Change in estimated cost of future claims	10		—		10
Asbestos-related liability payments	(89)		(1)		(90)

June 30, 2024	$	1,585	$	—	$	1,585

INSURANCE RECOVERIES FOR ASBESTOS-RELATED LIABILITIES


	Bendix		NARCO		Total
December 31, 2023	$	123	$	88	$	211
Probable insurance recoveries related to estimated liability	—		—		—
Insurance receipts for asbestos-related liabilities	(4)		(3)		(7)

June 30, 2024	$	119	$	85	$	204

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


	June 30, 2024		December 31, 2023
Other current assets	$	41	$	41
Insurance recoveries for asbestos-related liabilities	163		170
Total insurance recoveries for asbestos-related liabilities	$	204	$	211
Accrued liabilities	$	141	$	154
Asbestos-related liabilities	1,444		1,490
Total asbestos-related liabilities	$	1,585	$	1,644

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.

The operating rules per the TDP define criteria claimants must meet for a claim to be considered valid and paid. Once operational in 2014, the Trust began to receive, process, and pay claims. 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 breached its duties in managing the Trust, including breaches of certain provisions of the TA and TDP. Honeywell's lawsuit sought appropriate relief preventing the Trust from continuing these practices. The Trust also filed suit against Honeywell, alleging Honeywell 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; following the trial, the Company and the Trust began discussing a potential settlement of Honeywell’s remaining obligations to the Trust.

On November 18, 2022, Honeywell entered into a definitive agreement (Buyout Agreement) with the Trust, and on November 20, 2022, in exchange for the NARCO Trust Advisory Committee (TAC) and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (FCR), becoming parties to the Buyout Agreement, Honeywell, the Trust, the TAC, and the FCR entered into an Amended and Restated Buyout Agreement (Amended Buyout Agreement).

Pursuant to the terms of the Amended Buyout Agreement, Honeywell agreed to make a one-time, lump sum payment in the amount of $1.325 billion to the Trust (Buyout Amount), subject to certain deductions as described in the Amended Buyout Agreement and in exchange for the release by the Trust of Honeywell from all further and future obligations of any kind related to the Trust and/or any claimants who were exposed to asbestos-containing products manufactured, sold, or distributed by NARCO or its predecessors, including Honeywell’s ongoing evergreen obligation to fund (i) claims against the Trust, which comprise Honeywell’s NARCO asbestos-related claims liability, and (ii) the Trust’s annual operating expenses, which are expensed as incurred, including its legal fees (which operating expenses, for reference, were approximately $30 million in 2022) (such evergreen obligations referred to in (i) and (ii), Honeywell Obligations) (the NARCO Buyout).

On December 8, 2022, the Bankruptcy Court issued an order that (A) approved the Amended Buyout Agreement, and (B) declared that the NARCO Channeling Injunction (which bars all past, present, and future individual actions in state or federal courts based on exposure to NARCO asbestos-containing products and requires all such claims to be made against the Trust) will remain in full force and effect without modification, dissolution, or termination (Order).

On December 14, 2022, HWI, the reorganized and renamed entity that emerged from the NARCO bankruptcy, entered into a definitive agreement (Sale Agreement) pursuant to which an affiliate of Platinum Equity, LLC agreed to acquire HWI (HWI Sale) subject to the terms set forth in the Sale Agreement, including customary conditions to closing set forth therein. In accordance with the Amended Buyout Agreement, the economic rights of the Trust in respect of the net proceeds from the HWI Sale inure to the benefit of Honeywell.

On January 30, 2023, the Company paid the Buyout Amount to the Trust, the parties closed the transactions contemplated in the Amended Buyout Agreement (Closing), and Honeywell was released from the Honeywell Obligations. Honeywell continues to have the right to collect proceeds in connection with its NARCO asbestos-related insurance policies.

With the issuance of the Order, the Company derecognized the NARCO asbestos-related liability of $688 million from the Consolidated Balance Sheet and recognized a charge of $1.325 billion in the Consolidated Statement of Operations and accrued a corresponding liability in the Consolidated Balance Sheet for the Buyout Amount. In addition, the Company recognized a benefit of $295 million in the Consolidated Statement of Operations and corresponding asset in Other current assets in the Consolidated Balance Sheet for Honeywell's rights to the proceeds from the HWI Sale. The benefit of $295 million offset the charge for the Buyout Amount.

On February 16, 2023, the HWI Sale closed. Pursuant to the Amended Buyout Agreement, during 2023, Honeywell received $275 million of proceeds from the HWI Sale (HWI Net Sale Proceeds). Additionally, during 2023, the Company recorded a fair value adjustment for the HWI Net Sale Proceeds and reduced the HWI Net Sale Proceeds estimate by $11 million. During the three and six months ended June 30, 2024, Honeywell received $3 million of proceeds from the HWI Sale. The ending balance as of June 30, 2024, was $6 million. The fair value of the remaining HWI Net Sale Proceeds as of June 30, 2024, represents contingent consideration to be paid in future periods if certain conditions under the definitive sale agreement for the HWI Sale are met.

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


	Six Months Ended June 30,	Years Ended December 31,
	2024	2023	2022
Claims unresolved at the beginning of period	5,517	5,608	6,401
Claims filed	811	1,803	2,014
Claims resolved	(1,066)	(1,894)	(2,807)
Claims unresolved at the end of period	5,262	5,517	5,608


	June 30,	December 31,
Disease Distribution of Unresolved Claims	2024	2023	2022
Mesothelioma and other cancer claims	3,223	3,244	3,283
Nonmalignant claims	2,039	2,273	2,325
Total claims	5,262	5,517	5,608

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


	Years Ended December 31,
	2023		2022		2021		2020		2019
	(in whole dollars)
Mesothelioma and other cancer claims	$	66,200	$	59,200	$	56,000	$	61,500	$	50,200
Nonmalignant claims	$	1,730	$	520	$	400	$	550	$	3,900

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 average resolution values in the tort system over a defined look-back period. The Company historically valued Bendix asserted and unasserted claims using a five-year look-back period. The Company reviews the valuation assumptions and average resolution values used to estimate the cost of Bendix asserted and unasserted claims during the fourth quarter each year.

The Company experienced fluctuations in average resolution values year-over-year in each of the past five years with no well-established trends in either direction. In 2023, the Company observed two consecutive years of increasing average resolution values (2023 and 2022), with more volatility in the earlier years of the five-year period (2019 through 2021). Based on these observations, the Company, during its annual review in the fourth quarter of 2023, reevaluated its valuation methodology and elected to give more weight to the two most recent years by shortening the look-back period from five years to two years (2023 and 2022). The Company believes that the average resolution values in the last two consecutive years are likely more representative of expected resolution values in future periods.

It is not possible to predict whether such resolution values will increase, decrease, or stabilize in the future, given recent litigation trends within the tort system and the inherent uncertainty in predicting the outcome of such trends. The Company will continue to monitor Bendix claim resolution values and other trends within the tort system to assess the appropriate look-back period for determining average resolution values going forward.

In 2023, the Company recognized a $522 million expense and corresponding adjustment to its estimated liability for Bendix asbestos-related claims. This amount includes $434 million attributable primarily to shortening the look-back period to the two most recent years, and to a lesser extent to increasing expected resolution values for a subset of asserted claims to adjust for higher claim values in that subset than in the modelled two-year data set.

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.

SEC MATTER

The Company is cooperating with a formal investigation by the Securities and Exchange Commission (SEC) which is primarily focused on certain accounting matters with respect to the Company's former Performance Materials and Technologies segment. At this time, the Company does not expect the outcome of this matter to have a material adverse effect on the Company's consolidated results of operations, cash flows, or financial position.

PETROBRAS AND UNAOIL MATTERS

On December 19, 2022, the Company reached a comprehensive resolution to the investigations by the U.S. Department of Justice (DOJ), the SEC, and certain Brazilian authorities (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 a project awarded in 2010 for Petróleo Brasileiro S.A. (Petrobras). The investigations focused on the Company’s compliance with the U.S. Foreign Corrupt Practices Act and similar Brazilian laws (UOP Matters). The comprehensive resolution also resolves DOJ and SEC investigations relating to a matter involving a foreign subsidiary’s prior contract with Unaoil S.A.M. in Algeria executed in 2011 (the Unaoil Matter).

In connection with the comprehensive resolution, (i) the Company agreed to pay a total equivalent of $202.7 million, which payment occurred in January 2023, to the DOJ, the SEC, and the Brazilian Authorities, collectively, in penalties, disgorgement, and prejudgment interest, (ii) the Company’s subsidiary, UOP, LLC (UOP), entered into a three-year Deferred Prosecution Agreement with the DOJ for charges related to the UOP Matters, (iii) UOP entered into leniency agreements with the Brazilian authorities related to the UOP Matter in Brazil, and (iv) the Company entered into an agreement with the SEC that resolves allegations relating to the UOP Matters and the Unaoil Matter. Pursuant to these agreements, the Company agreed to undertake certain compliance measures and compliance reporting obligations. These agreements entirely resolve the Petrobras and Unaoil investigations.

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. 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 probable 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.

Given the uncertainty inherent in litigation and investigations, including those discussed in this Note 15, the Company cannot predict when or how these matters will be resolved and does not believe it is possible to develop estimates of reasonably possible loss (or a range of possible loss) in excess of current accruals for commitment and contingency matters. Considering the Company's past experience and existing accruals, the Company does not expect the outcome of such matters, either individually or in the aggregate, to have a material adverse effect on the Company's consolidated financial position. Because most contingencies are resolved over long periods of time, potential liabilities are subject to change due to new developments, changes in settlement strategy or the impact of evidentiary requirements, which could cause the Company to pay damage awards or settlements (or become subject to equitable remedies) that could have a material adverse effect on the Company's consolidated results of operations or operating cash flows in the periods recognized or paid.

SEGMENT FINANCIAL DATA - Additional Information (Details) - segment	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024
Segment Reporting [Abstract]
Number of operating segments		4
Number of reportable segments	2

SEGMENT FINANCIAL DATA (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
SEGMENT FINANCIAL DATA (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales	$ 9,577	$ 9,146	$ 18,682	$ 18,010
Total segment profit	2,199	2,113	4,293	4,128
Interest and other financial charges	(250)	(187)	(470)	(357)
Interest income	110	76	215	152
Amortization of acquisition-related intangibles	(85)	(61)	(155)	(129)
Repositioning and other charges	(44)	(102)	(137)	(243)
Income before taxes	1,974	1,904	3,845	3,686
Product
Segment Reporting Information [Line Items]
Net sales	6,477	6,441	12,740	12,751
Service
Segment Reporting Information [Line Items]
Net sales	3,100	2,705	5,942	5,259
Corporate and All Other
Segment Reporting Information [Line Items]
Net sales	5	1	12	3
Total segment profit	(140)	(115)	(208)	(200)
Corporate and All Other \| Service
Segment Reporting Information [Line Items]
Net sales	5	1	12	3
Segment Reconciling Items
Segment Reporting Information [Line Items]
Interest and other financial charges	(250)	(187)	(470)	(357)
Interest income	110	76	215	152
Amortization of acquisition-related intangibles	(85)	(61)	(155)	(129)
Stock compensation expense	(55)	(50)	(108)	(109)
Repositioning and other charges	(44)	(102)	(137)	(243)
Other expense	(45)	(22)	(88)	(29)
Income before taxes	1,974	1,904	3,845	3,686
Segment Reconciling Items \| Pension Plan
Segment Reporting Information [Line Items]
Pension ongoing income	140	130	285	260
Segment Reconciling Items \| Other Postretirement Benefits Plan
Segment Reporting Information [Line Items]
Pension ongoing income	4	7	10	13
Aerospace Technologies \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	3,891	3,341	7,560	6,452
Total segment profit	1,060	930	2,095	1,761
Repositioning and other charges	(3)	(8)	(8)	(11)
Aerospace Technologies \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	2,127	1,799	4,152	3,471
Aerospace Technologies \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	1,764	1,542	3,408	2,981
Industrial Automation \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,506	2,727	4,984	5,530
Total segment profit	477	544	951	1,130
Repositioning and other charges	(11)	(41)	(28)	(89)
Industrial Automation \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,777	2,061	3,577	4,220
Industrial Automation \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	729	666	1,407	1,310
Building Automation \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,571	1,510	2,997	2,997
Total segment profit	397	391	747	772
Repositioning and other charges	4	(4)	0	(31)
Building Automation \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,154	1,159	2,211	2,291
Building Automation \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	417	351	786	706
Energy and Sustainability Solutions \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,604	1,567	3,129	3,028
Total segment profit	405	363	708	665
Repositioning and other charges	(1)	6	(19)	(5)
Energy and Sustainability Solutions \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,419	1,422	2,800	2,769
Energy and Sustainability Solutions \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	$ 185	$ 145	$ 329	$ 259

OTHER (INCOME) EXPENSE

6 Months Ended

Jun. 30, 2024

Other Income and Expenses [Abstract]

OTHER (INCOME) EXPENSE


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Interest income	$	(110)	$	(76)	$	(215)	$	(152)
Pension ongoing income—non-service	(156)		(146)		(317)		(292)
Other postretirement income—non-service	(4)		(7)		(10)		(13)
Equity income of affiliated companies	(14)		(14)		(30)		(49)


Foreign exchange	5		18		31		20

Expense (benefit) related to Russia-Ukraine Conflict	—		2		17		(2)
Net expense related to the NARCO Buyout and HWI Sale	—		11		—		11
Acquisition-related costs	22		1		24		1
Other, net	11		3		23		8
Total Other (income) expense	$	(246)	$	(208)	$	(477)	$	(468)

See Note 15 Commitments and Contingencies for more information on the Net expense related to the NARCO Buyout and HWI Sale. See Note 5 Repositioning and Other Charges for further discussion of the expense related to the Russia-Ukraine Conflict.

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net income	$ 3,035	$ 2,909
Less: Net income attributable to noncontrolling interest	28	28
Net income attributable to Honeywell	3,007	2,881
Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities
Depreciation	329	327
Amortization	271	240
Repositioning and other charges	137	243
Net payments for repositioning and other charges	(211)	(195)
NARCO Buyout payment	0	(1,325)
Pension and other postretirement income	(295)	(273)
Pension and other postretirement benefit payments	(15)	(23)
Stock compensation expense	108	109
Deferred income taxes	(36)	196
Other	(583)	(643)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures
Accounts receivable	(149)	(505)
Inventories	(77)	(338)
Other current assets	227	208
Accounts payable	(423)	114
Accrued liabilities	(471)	(440)
Net cash provided by operating activities	1,819	576
Cash flows from investing activities
Capital expenditures	(492)	(426)
Proceeds from disposals of property, plant and equipment	0	13
Increase in investments	(468)	(229)
Decrease in investments	392	632
Receipts (payments) from settlements of derivative contracts	76	(38)
Cash paid for acquisitions, net of cash acquired	(4,913)	(661)
Net cash used for investing activities	(5,405)	(709)
Cash flows from financing activities
Proceeds from issuance of commercial paper and other short-term borrowings	6,993	8,000
Payments of commercial paper and other short-term borrowings	(4,489)	(7,930)
Proceeds from issuance of common stock	309	115
Proceeds from issuance of long-term debt	5,710	2,966
Payments of long-term debt	(605)	(1,384)
Repurchases of common stock	(1,200)	(1,176)
Cash dividends paid	(1,446)	(1,416)
Other	26	(38)
Net cash provided by (used for) financing activities	5,298	(863)
Effect of foreign exchange rate changes on cash and cash equivalents	(61)	(5)
Net increase (decrease) in cash and cash equivalents	1,651	(1,001)
Cash and cash equivalents at beginning of period	7,925	9,627
Cash and cash equivalents at end of period	$ 9,576	$ 8,626

FAIR VALUE MEASUREMENTS - Assets and Liabilities Accounted for at Fair Value (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Assets
Fair value asset	$ 47	$ 53
Liabilities
Fair value liability	318	339
Fair Value Measurements Recurring
Assets
Available for sale investments	340	280
Right to HWI Net Sale Proceeds	6	9
Total assets	413	364
Liabilities
Total liabilities	318	339
Fair Value Measurements Recurring \| Level 1
Assets
Available for sale investments	69	63
Right to HWI Net Sale Proceeds	0	0
Total assets	89	85
Liabilities
Total liabilities	0	0
Fair Value Measurements Recurring \| Level 2
Assets
Available for sale investments	271	217
Right to HWI Net Sale Proceeds	0	0
Total assets	318	270
Liabilities
Total liabilities	318	339
Fair Value Measurements Recurring \| Level 3
Assets
Available for sale investments	0	0
Right to HWI Net Sale Proceeds	6	9
Total assets	6	9
Liabilities
Total liabilities	0	0
Fair Value Measurements Recurring \| Investments in equity securities
Assets
Investments in equity securities	20	22
Fair Value Measurements Recurring \| Investments in equity securities \| Level 1
Assets
Investments in equity securities	20	22
Fair Value Measurements Recurring \| Investments in equity securities \| Level 2
Assets
Investments in equity securities	0	0
Fair Value Measurements Recurring \| Investments in equity securities \| Level 3
Assets
Investments in equity securities	0	0
Foreign currency exchange contracts \| Fair Value Measurements Recurring
Assets
Fair value asset	22	35
Liabilities
Fair value liability	23	9
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	22	35
Liabilities
Fair value liability	23	9
Foreign currency exchange contracts \| Fair Value Measurements Recurring \| Level 3
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Interest rate swap agreements \| Fair Value Measurements Recurring
Assets
Fair value asset	0	18
Liabilities
Fair value liability	212	184
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	18
Liabilities
Fair value liability	212	184
Interest rate swap agreements \| Fair Value Measurements Recurring \| Level 3
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Cross currency swap agreements \| Fair Value Measurements Recurring
Assets
Fair value asset	25	0
Liabilities
Fair value liability	83	145
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 1
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 2
Assets
Fair value asset	25	0
Liabilities
Fair value liability	83	145
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 3
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Commodity contracts \| Fair Value Measurements Recurring
Liabilities
Fair value liability	0	1
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	1
Commodity contracts \| Fair Value Measurements Recurring \| Level 3
Liabilities
Fair value liability	$ 0	$ 0

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,560	$ 1,501	$ 3,035	$ 2,909
Other comprehensive income (loss), net of tax
Foreign exchange translation adjustment	5	(77)	59	(135)
Pension and other postretirement benefit adjustments	(5)	(12)	(10)	(24)
Changes in fair value of available for sale investments	(1)	9	(1)	3
Cash flow hedges recognized in other comprehensive income (loss)	(14)	14	4	30
Less: Reclassification adjustment for gains (losses) included in net income	12	11	16	13
Changes in fair value of cash flow hedges	(26)	3	(12)	17
Other comprehensive income (loss), net of tax	(27)	(77)	36	(139)
Comprehensive income	1,533	1,424	3,071	2,770
Less: Comprehensive income attributable to the noncontrolling interest	16	10	4	25
Comprehensive income attributable to Honeywell	$ 1,517	$ 1,414	$ 3,067	$ 2,745

FAIR VALUE MEASUREMENTS

6 Months Ended

Jun. 30, 2024

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 that were accounted for at fair value on a recurring basis:


	June 30, 2024								December 31, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Foreign currency exchange contracts	$	—	$	22	$	—	$	22	$	—	$	35	$	—	$	35
Available for sale investments	69		271		—		340		63		217		—		280
Interest rate swap agreements	—		—		—		—		—		18		—		18
Cross currency swap agreements	—		25		—		25		—		—		—		—

Investments in equity securities	20		—		—		20		22		—		—		22
Right to HWI Net Sale Proceeds	—		—		6		6		—		—		9		9
Total assets	$	89	$	318	$	6	$	413	$	85	$	270	$	9	$	364
Liabilities
Foreign currency exchange contracts	$	—	$	23	$	—	$	23	$	—	$	9	$	—	$	9
Interest rate swap agreements	—		212		—		212		—		184		—		184
Commodity contracts	—		—		—		—		—		1		—		1
Cross currency swap agreements	—		83		—		83		—		145		—		145
Total liabilities	$	—	$	318	$	—	$	318	$	—	$	339	$	—	$	339

The Company values foreign currency exchange contracts, interest rate swap agreements, cross currency swap agreements, and commodity contracts 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. These investments are valued using published prices based on 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. The Company values these investments 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 other short-term borrowings approximates fair value.

As part of the NARCO Buyout (see Note 15 Commitments and Contingencies for definition), Honeywell holds a right to proceeds from the definitive sale agreement pursuant to which HarbisonWalker International Holdings, Inc. (HWI), the reorganized and renamed entity that emerged from the NARCO Bankruptcy, was acquired by an affiliate of Platinum Equity, LLC (HWI Sale). The right to these proceeds is considered a financial instrument. The significant input for the valuation of this right is unobservable, and as such, is classified within level 3. The HWI Sale closed on February 16, 2023. The balance of the remaining HWI Net Sale Proceeds as of December 31, 2023, and June 30, 2024, was $9 million and $6 million, respectively, based on the receipt of an additional $3 million in HWI Net Sale Proceeds during the six months ended June 30, 2024.

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


	June 30, 2024				December 31, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets

Long-term receivables	$	759	$	655	$	232	$	173

Liabilities
Long-term debt and related current maturities	23,384		22,291		18,358		17,706

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 value of these receivables is considered level 2.

The Company determined the fair value of the long-term debt and related current maturities by 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.

GOODWILL AND OTHER INTANGIBLE ASSETS - NET

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS - NET

GOODWILL AND OTHER INTANGIBLE ASSETS—NET

The following table summarizes the change in the carrying amount of goodwill for the six months ended June 30, 2024, by reportable business segment:


	December 31, 2023		Acquisitions/ Divestitures		Currency Translation Adjustment		June 30, 2024
Aerospace Technologies	$	2,386	$	—	$	(3)	$	2,383
Industrial Automation	9,650		—		(66)		9,584
Building Automation	3,380		2,878		(32)		6,226
Energy and Sustainability Solutions	1,727		—		(3)		1,724
Corporate and All Other	906		—		1		907
Total Goodwill	$	18,049	$	2,878	$	(103)	$	20,824

Other intangible assets are comprised of:


	June 30, 2024						December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-life intangibles
Patents and technology	$	2,652	$	(1,872)	$	780	$	2,399	$	(1,837)	$	562
Customer relationships	5,894		(2,671)		3,223		4,199		(2,601)		1,598
Trademarks	390		(291)		99		362		(284)		78
Other	413		(278)		135		299		(277)		22
Total definite-life intangibles—net	9,349		(5,112)		4,237		7,259		(4,999)		2,260
Indefinite-life intangibles
Trademarks	971		—		971		971		—		971
Total Other intangible assets—net	$	10,320	$	(5,112)	$	5,208	$	8,230	$	(4,999)	$	3,231

Other intangible assets amortization includes $85 million and $155 million of acquisition-related intangible amortization expense for the three and six months ended June 30, 2024, respectively, and $61 million and $129 million for the three and six months ended June 30, 2023, respectively.

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 9,577	$ 9,146	$ 18,682	$ 18,010
Costs, expenses and other
Costs of products and services sold	5,856	5,626	11,439	11,124
Research and development expenses	382	375	742	732
Selling, general and administrative expenses	1,361	1,262	2,663	2,579
Other (income) expense	(246)	(208)	(477)	(468)
Interest and other financial charges	250	187	470	357
Total costs, expenses and other	7,603	7,242	14,837	14,324
Income before taxes	1,974	1,904	3,845	3,686
Tax expense	414	403	810	777
Net income	1,560	1,501	3,035	2,909
Less: Net income attributable to noncontrolling interest	16	14	28	28
Net income attributable to Honeywell	$ 1,544	$ 1,487	$ 3,007	$ 2,881
Earnings per share of common stock - basic (in dollars per share)	$ 2.37	$ 2.24	$ 4.62	$ 4.32
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 2.36	$ 2.22	$ 4.59	$ 4.29
Product
Net sales	$ 6,477	$ 6,441	$ 12,740	$ 12,751
Costs, expenses and other
Costs of products and services sold	4,247	4,133	8,282	8,201
Service
Net sales	3,100	2,705	5,942	5,259
Costs, expenses and other
Costs of products and services sold	$ 1,609	$ 1,493	$ 3,157	$ 2,923

FAIR VALUE MEASUREMENTS - Financial Assets and Liabilities Not Carried at Fair Value (Details) - Level 2 - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Carrying Value
Assets
Long-term receivables	$ 759	$ 232
Liabilities
Long-term debt and related current maturities	23,384	18,358
Fair Value
Assets
Long-term receivables	655	173
Liabilities
Long-term debt and related current maturities	$ 22,291	$ 17,706

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Performance Obligation (Details) $ in Millions	Jun. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 32,010
Within One Year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage	57.00%
Greater Than One Year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage	43.00%
Corporate and All Other
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 32
Aerospace Technologies \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	13,724
Industrial Automation \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	5,880
Building Automation \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	7,707
Energy and Sustainability Solutions \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 4,667

INVENTORIES (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 1,534	$ 1,704
Work in process	1,268	1,217
Finished products	3,522	3,257
Total Inventories	$ 6,324	$ 6,178

COMMITMENTS AND CONTINGENCIES - Disease Distribution of Unresolved Claims (Details) - Bendix - claim	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loss Contingency Disease Distribution Of Unresolved Claims [Line Items]
Mesothelioma and other cancer claims	3,223	3,244	3,283
Nonmalignant claims	2,039	2,273	2,325
Total claims	5,262	5,517	5,608	6,401

ACQUISITIONS AND DIVESTITURES - Narrative (Details) € in Millions				3 Months Ended	6 Months Ended
	Jun. 03, 2024 USD ($)	Aug. 25, 2023 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2024 EUR (€)	Dec. 31, 2024 USD ($)	Dec. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Goodwill							$ 20,824,000,000	$ 18,049,000,000
Pre-tax gain on sale of business							$ 0
CAES Systems Holdings LLC \| Forecast
Business Acquisition [Line Items]
Payments to acquire businesses, gross					$ 1,900,000,000
Carrier Global Corporation's Global Access Solutions Business
Business Acquisition [Line Items]
Percentage acquired	100.00%
Consideration amount	$ 4,913,000,000
Goodwill	$ 2,878,000,000
Carrier Global Corporation's Global Access Solutions Business \| Minimum
Business Acquisition [Line Items]
Intangible asset, useful life							10 years
Carrier Global Corporation's Global Access Solutions Business \| Maximum
Business Acquisition [Line Items]
Intangible asset, useful life							20 years
Civitanavi Systems S.p.A. \| Forecast
Business Acquisition [Line Items]
Payments to acquire businesses, gross \| €				€ 200
Percentage acquired				95.00%
SCADAfence
Business Acquisition [Line Items]
Percentage acquired		100.00%
Consideration amount		$ 52,000,000
Intangible assets acquired							$ 17,000,000
Goodwill							42,000,000
Compressor Controls Corporation
Business Acquisition [Line Items]
Percentage acquired			100.00%
Consideration amount			$ 673,000,000
Intangible assets acquired							282,000,000
Goodwill							$ 351,000,000
Compressor Controls Corporation \| Customer relationships
Business Acquisition [Line Items]
Intangible asset, useful life							15 years
Air Products \| Forecast
Business Acquisition [Line Items]
Payments to acquire businesses, gross						$ 1,800,000,000

REPOSITIONING AND OTHER CHARGES

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

REPOSITIONING AND OTHER CHARGES

A summary of net repositioning and other charges follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Severance	$	20	$	19	$	53	$	86
Asset impairments	1		9		2		21
Exit costs	18		38		33		62
Reserve adjustments	(12)		(12)		(27)		(17)
Total net repositioning charges	27		54		61		152
Asbestos-related charges, net of insurance and reimbursements	18		34		36		55
Probable and reasonably estimable environmental liabilities, net of reimbursements	(1)		12		23		34
Other charges	—		2		17		2
Total net repositioning and other charges	$	44	$	102	$	137	$	243

The following table summarizes the pre-tax distribution of total net repositioning and other charges by classification in the Consolidated Statement of Operations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of products and services sold	$	28	$	63	$	86	$	143
Selling, general and administrative expenses	16		26		34		91
Other (income) expense	—		13		17		9
Total net repositioning and other charges	$	44	$	102	$	137	$	243


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Aerospace Technologies	$	3	$	8	$	8	$	11
Industrial Automation	11		41		28		89
Building Automation	(4)		4		—		31
Energy and Sustainability Solutions	1		(6)		19		5
Corporate and All Other	33		55		82		107
Total net repositioning and other charges	$	44	$	102	$	137	$	243

NET REPOSITIONING CHARGES

In the three months ended June 30, 2024, the Company recognized gross repositioning charges totaling $39 million, including severance costs of $20 million related to workforce reductions of 645 manufacturing and administrative positions primarily in the Company's Industrial Automation reportable business segment and corporate function. The workforce reductions related to productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $1 million related to the write-down of certain assets within the Company's corporate function. The repositioning charges also included exit costs of $18 million related to current period costs incurred for closure obligations associated with site transitions primarily in the Company's Industrial Automation reportable business segment and corporate function. Also, $12 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 three months ended June 30, 2023, the Company recognized gross repositioning charges totaling $66 million, including severance costs of $19 million related to workforce reductions of 764 manufacturing and administrative positions primarily in the Company's Industrial Automation reportable business segment. The workforce reductions related to productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $9 million primarily related to the write-down of certain assets within the Company's Industrial Automation reportable business segment. The repositioning charges also included exit costs of $38 million related to current period costs incurred for closure obligations associated with site transitions across all of the Company's reportable business segments and corporate function. Also, $12 million of previously established reserves, primarily for severance, were returned to income due to adjustments to the scope of previously announced repositioning actions.

In the six months ended June 30, 2024, the Company recognized gross repositioning charges totaling $88 million, including severance costs of $53 million related to workforce reductions of 2,007 manufacturing and administrative positions primarily in the Company's Industrial Automation reportable business segment and corporate function. The workforce reductions related to productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $2 million related to the write-down of certain assets within the Company's Industrial Automation reportable business segment. The repositioning charges also included exit costs of $33 million related to current period costs incurred for closure obligations associated with site transitions primarily in the Company's Industrial Automation reportable business segment and corporate function. Also, $27 million of previously established reserves, primarily for severance, were returned to income due to adjustments to the scope of previously announced repositioning actions.

In the six months ended June 30, 2023, the Company recognized gross repositioning charges totaling $169 million, including severance costs of $86 million related to workforce reductions of 2,561 manufacturing and administrative positions primarily in the Company's Industrial Automation and Building Automation reportable business segments. The workforce reductions primarily related to productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $21 million related to the write-down of certain assets within the Company's Industrial Automation reportable business segment. The repositioning charges also included exit costs of $62 million related to current period costs incurred for closure obligations associated with site transitions across all of the Company's reportable business segments and corporate function. Also, $17 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, 2023	$	188	$	—	$	91	$	279
Charges	53		2		33		88
Usage—cash	(56)		—		(53)		(109)
Usage—noncash	—		—		—		—
Foreign currency translation	—		—		—		—
Adjustments	(18)		(2)		(7)		(27)
Balance at June 30, 2024	$	167	$	—	$	64	$	231

Certain repositioning projects will recognize exit costs in future periods when the actual liability is incurred. Such exit costs incurred in the six months ended June 30, 2024, and 2023, were $26 million and $25 million, respectively.

OTHER CHARGES

In 2022, the Company recognized $295 million of Other charges related to the initial suspension and the wind down of the Company's business and operations in Russia. These costs impacted all reportable business segments, with the most significant impact within the historical 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 in the Consolidated Statement of Operations. During the six months ended June 30, 2024, the Company recognized Other charges of $17 million related to the settlement of a contractual dispute with a Russian entity associated with the Company's suspension and wind down activities in Russia. The charges were recorded in Other (income) expense in the Consolidated Statement of Operations.

Given the uncertainty inherent in the Company's remaining obligations related to 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 the wind down of 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 15 Commitments and Contingencies for a discussion of the recognition and measurement of estimate for contingencies.

During the three and six months ended June 30, 2023, the Company recorded a fair value adjustment, within Asbestos-related charges, net of insurance and reimbursements in the table above and Other (income) expense on the Consolidated Statement of Operations, related to HWI Net Sale Proceeds (as defined in Note 15 Commitments and Contingencies) and reduced the estimate by $11 million. See Note 12 Fair Value Measurements and Note 15 Commitments and Contingencies for further discussion.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2024
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 Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements in the Company’s 2023 Annual Report on Form 10-K. The Company includes herein certain updates to those policies. RECLASSIFICATIONS Certain prior year amounts are reclassified to conform to the current year presentation. During the first quarter of 2024, the Company realigned certain of its business units as reflected in Note 18 Segment Financial Data, which impacted the composition of its reportable segments. The Company recast historical periods to reflect this change in segment presentation. SUPPLY CHAIN FINANCING Amounts outstanding related to supply chain financing programs are included in Accounts payable in the Consolidated Balance Sheet. Accounts payable included approximately $1,017 million and $1,112 million as of June 30, 2024, and December 31, 2023, respectively. The impact of these programs is not material to the Company's overall liquidity. 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 December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures, which requires greater disaggregation of income tax disclosures. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU should be applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires companies to enhance the disclosures about segment expenses. The new standard requires the disclosure of the Company’s Chief Operating Decision Maker (CODM), expanded incremental line-item disclosures of significant segment expenses used by the CODM for decision-making, and the inclusion of previous annual only segment disclosure requirements on a quarterly basis. This ASU should be applied retrospectively for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impacts of this guidance 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 was effective on January 1, 2023, except for the rollforward, which became effective on January 1, 2024, for annual disclosures. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope, to expand the scope of this guidance to include derivatives. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, which extends the period of time entities can utilize the reference rate reform relief guidance under ASU 2020-04 from December 31, 2022, to December 31, 2024. 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.

COMMITMENTS AND CONTINGENCIES - Bendix-Related Asbestos Claims Activity (Details) - Bendix - claim	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Loss Contingency Claims [Roll Forward]
Claims unresolved at the beginning of period	5,517	5,608	6,401
Claims filed	811	1,803	2,014
Claims resolved	(1,066)	(1,894)	(2,807)
Claims unresolved at the end of period	5,262	5,517	5,608

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2024

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 Benefit Adjustments		Changes in Fair Value of Available for Sale Investments		Changes in Fair Value of Cash Flow Hedges		Total
Balance at December 31, 2023	$	(3,101)	$	(1,055)	$	(2)	$	23	$	(4,135)
Other comprehensive income (loss) before reclassifications	83		—		(1)		4		86
Amounts reclassified from accumulated other comprehensive income (loss)	—		(10)		—		(16)		(26)
Net current period other comprehensive income (loss)	83		(10)		(1)		(12)		60
Balance at June 30, 2024	$	(3,018)	$	(1,065)	$	(3)	$	11	$	(4,075)


	Foreign Exchange Translation Adjustment		Pension and Other Postretirement Benefit Adjustments		Changes in Fair Value of Available for Sale Investments		Changes in Fair Value of Cash Flow Hedges		Total
Balance at December 31, 2022	$	(2,832)	$	(648)	$	(7)	$	12	$	(3,475)
Other comprehensive income (loss) before reclassifications	(132)		—		3		30		(99)
Amounts reclassified from accumulated other comprehensive income (loss)	—		(24)		—		(13)		(37)
Net current period other comprehensive income (loss)	(132)		(24)		3		17		(136)
Balance at June 30, 2023	$	(2,964)	$	(672)	$	(4)	$	29	$	(3,611)

SEGMENT FINANCIAL DATA (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Segment Financial Data


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net sales
Aerospace Technologies
Products	$	2,127	$	1,799	$	4,152	$	3,471
Services	1,764		1,542		3,408		2,981
Net Aerospace Technologies sales	3,891		3,341		7,560		6,452
Industrial Automation
Products	1,777		2,061		3,577		4,220
Services	729		666		1,407		1,310
Net Industrial Automation sales	2,506		2,727		4,984		5,530
Building Automation
Products	1,154		1,159		2,211		2,291
Services	417		351		786		706
Net Building Automation sales	1,571		1,510		2,997		2,997
Energy and Sustainability Solutions
Products	1,419		1,422		2,800		2,769
Services	185		145		329		259
Net Energy and Sustainability Solutions sales	1,604		1,567		3,129		3,028
Corporate and All Other

Services	5		1		12		3
Net Corporate and All Other sales	5		1		12		3
Net sales	$	9,577	$	9,146	$	18,682	$	18,010
Segment profit
Aerospace Technologies	$	1,060	$	930	$	2,095	$	1,761
Industrial Automation	477		544		951		1,130
Building Automation	397		391		747		772
Energy and Sustainability Solutions	405		363		708		665
Corporate and All Other	(140)		(115)		(208)		(200)
Total segment profit	2,199		2,113		4,293		4,128
Interest and other financial charges	(250)		(187)		(470)		(357)
Interest income	110		76		215		152
Amortization of acquisition-related intangibles	(85)		(61)		(155)		(129)
Stock compensation expense1	(55)		(50)		(108)		(109)
Pension ongoing income2	140		130		285		260
Other postretirement income2	4		7		10		13
Repositioning and other charges3	(44)		(102)		(137)		(243)
Other expense4	(45)		(22)		(88)		(29)
Income before taxes	$	1,974	$	1,904	$	3,845	$	3,686


1						Amounts included in Selling, general and administrative expenses.
2						Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component).
3						Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense.
4						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.

ACQUISITIONS AND DIVESTITURES - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 03, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill	$ 20,824		$ 18,049
Carrier Global Corporation's Global Access Solutions Business
Business Acquisition [Line Items]
Current assets		$ 244
Intangible assets		2,050
Other noncurrent assets		20
Current liabilities		(133)
Noncurrent liabilities		(65)
Net assets acquired		2,116
Goodwill		2,878
Purchase price		$ 4,994

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Basic
Net income attributable to Honeywell	$ 1,544	$ 1,487	$ 3,007	$ 2,881
Weighted average shares outstanding (in shares)	650.2	665.3	651.3	666.5
Earnings per share of common stock - basic (in dollars per share)	$ 2.37	$ 2.24	$ 4.62	$ 4.32
Assuming Dilution
Net income attributable to Honeywell	$ 1,544	$ 1,487	$ 3,007	$ 2,881
Average shares
Weighted average shares outstanding (in shares)	650.2	665.3	651.3	666.5
Dilutive securities issuable - stock plans (in shares)	4.0	4.9	4.2	5.4
Total weighted average diluted shares outstanding (in shares)	654.2	670.2	655.5	671.9
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 2.36	$ 2.22	$ 4.59	$ 4.29
Stock options excluded from diluted computations (in shares)	5.6	4.7	5.3	4.3
Total shareowners' equity (in shares)	649.7	664.0	649.7	664.0
Shares issued (in shares)	957.6	957.6	957.6	957.6

CONSOLIDATED STATEMENT OF SHAREOWNERS' EQUITY (Unaudited) - USD ($) shares in Millions, $ 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, 2022			$ 8,564	$ (34,443)	$ 45,093	$ (3,475)	$ 622
Treasury stock, beginning balance (in shares) at Dec. 31, 2022				(290.0)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(6.0)
Reacquired stock or repurchases of common stock				$ (1,176)
Issued for employee savings and option plans (in shares)				2.4
Issued for employee savings and option plans			193	$ 109
Stock compensation expense			109
Impact of Quantinuum contribution			0
Net income attributable to Honeywell	$ 2,881				2,881
Dividends on common stock					(1,378)
Net income attributable to noncontrolling interest	(28)						28
Foreign exchange translation adjustment	(135)					(132)	(3)
Pension and other postretirement benefit adjustments	(24)					(24)
Changes in fair value of available for sale investments						3
Changes in fair value of cash flow hedges	17					17
Dividends paid							(52)
Contributions from noncontrolling interest holders							0
Treasury stock, ending balance (in shares) at Jun. 30, 2023				(293.6)
Ending balance at Jun. 30, 2023	$ 17,894	$ 958	8,866	$ (35,510)	46,596	(3,611)	595
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 2.06
Beginning balance at Mar. 31, 2023			8,774	$ (35,072)	45,797	(3,538)	596
Treasury stock, beginning balance (in shares) at Mar. 31, 2023				(291.9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(2.5)
Reacquired stock or repurchases of common stock				$ (477)
Issued for employee savings and option plans (in shares)				0.8
Issued for employee savings and option plans			42	$ 39
Stock compensation expense			50
Impact of Quantinuum contribution			0
Net income attributable to Honeywell	$ 1,487				1,487
Dividends on common stock					(688)
Net income attributable to noncontrolling interest	(14)						14
Foreign exchange translation adjustment	(77)					(73)	(4)
Pension and other postretirement benefit adjustments	(12)					(12)
Changes in fair value of available for sale investments						9
Changes in fair value of cash flow hedges	3					3
Dividends paid							(11)
Contributions from noncontrolling interest holders							0
Treasury stock, ending balance (in shares) at Jun. 30, 2023				(293.6)
Ending balance at Jun. 30, 2023	$ 17,894	$ 958	8,866	$ (35,510)	46,596	(3,611)	595
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 1.03
Common stock, par value (in shares)	664.0	957.6
Total shareowners' equity (in shares)	664.0	957.6
Beginning balance at Dec. 31, 2023	$ 16,434		9,062	$ (38,008)	47,979	(4,135)	578
Treasury stock, beginning balance (in shares) at Dec. 31, 2023				(305.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(6.1)
Reacquired stock or repurchases of common stock				$ (1,200)
Issued for employee savings and option plans (in shares)				4.0
Issued for employee savings and option plans			289	$ 201
Stock compensation expense			108
Impact of Quantinuum contribution			36
Net income attributable to Honeywell	3,007				3,007
Dividends on common stock					(1,410)
Net income attributable to noncontrolling interest	(28)						28
Foreign exchange translation adjustment	59					83	(24)
Pension and other postretirement benefit adjustments	(10)					(10)
Changes in fair value of available for sale investments						(1)
Changes in fair value of cash flow hedges	(12)					(12)
Dividends paid							(48)
Contributions from noncontrolling interest holders							29
Treasury stock, ending balance (in shares) at Jun. 30, 2024				(307.9)
Ending balance at Jun. 30, 2024	$ 17,510	$ 958	9,495	$ (39,007)	49,576	(4,075)	563
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 2.16
Beginning balance at Mar. 31, 2024			9,353	$ (38,544)	48,735	(4,048)	591
Treasury stock, beginning balance (in shares) at Mar. 31, 2024				(306.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(2.7)
Reacquired stock or repurchases of common stock				$ (529)
Issued for employee savings and option plans (in shares)				1.2
Issued for employee savings and option plans			87	$ 66
Stock compensation expense			55
Impact of Quantinuum contribution			0
Net income attributable to Honeywell	$ 1,544				1,544
Dividends on common stock					(703)
Net income attributable to noncontrolling interest	(16)						16
Foreign exchange translation adjustment	5					5	0
Pension and other postretirement benefit adjustments	(5)					(5)
Changes in fair value of available for sale investments						(1)
Changes in fair value of cash flow hedges	(26)					(26)
Dividends paid							(44)
Contributions from noncontrolling interest holders							0
Treasury stock, ending balance (in shares) at Jun. 30, 2024				(307.9)
Ending balance at Jun. 30, 2024	$ 17,510	$ 958	$ 9,495	$ (39,007)	$ 49,576	$ (4,075)	$ 563
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 1.08
Common stock, par value (in shares)	649.7	957.6
Total shareowners' equity (in shares)	649.7	957.6

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

See the following disaggregated revenue table and related discussions by reportable business segment for details:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Aerospace Technologies
Commercial Aviation Original Equipment	$	668	$	607	$	1,342	$	1,148
Commercial Aviation Aftermarket	1,798		1,533		3,457		2,956
Defense and Space	1,425		1,201		2,761		2,348
Net Aerospace Technologies sales	3,891		3,341		7,560		6,452
Industrial Automation
Sensing and Safety Technologies	466		518		916		1,011
Productivity Solutions and Services	298		329		620		690
Process Solutions	1,509		1,482		3,005		2,967
Warehouse and Workflow Solutions	233		398		443		862
Net Industrial Automation sales	2,506		2,727		4,984		5,530
Building Automation
Products	908		918		1,721		1,826
Building Solutions	663		592		1,276		1,171


Net Building Automation sales	1,571		1,510		2,997		2,997
Energy and Sustainability Solutions
UOP	599		623		1,176		1,188
Advanced Materials	1,005		944		1,953		1,840
Net Energy and Sustainability Solutions sales	1,604		1,567		3,129		3,028
Corporate and All Other	5		1		12		3
Net sales	$	9,577	$	9,146	$	18,682	$	18,010

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Products, transferred point in time	57	%	58	%	57	%	58	%
Products, transferred over time	11		12		11		13
Net product sales	68		70		68		71
Services, transferred point in time	5		11		5		9
Services, transferred over time	27		19		27		20
Net service sales	32		30		32		29
Net sales	100	%	100	%	100	%	100	%

Contract with Customer Asset and Liability

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


	2024		2023
Contract assets—January 1	$	2,013	$	2,294
Contract assets—June 30	2,072		2,438
Change in contract assets—increase (decrease)	$	59	$	144

Contract liabilities—January 1	$	(4,326)	$	(4,583)
Contract liabilities—June 30	(4,096)		(4,179)
Change in contract liabilities—decrease (increase)	$	230	$	404

Net change	$	289	$	548

Revenue Remaining Performance Obligation Expected Timing of Satisfaction

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


	June 30, 2024
Aerospace Technologies	$	13,724
Industrial Automation	5,880
Building Automation	7,707
Energy and Sustainability Solutions	4,667
Corporate and All Other1	32
Total performance obligations	$	32,010


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

LONG-TERM DEBT AND CREDIT AGREEMENTS - Narrative (Details) € in Millions	Mar. 18, 2024 USD ($)	Mar. 01, 2024 USD ($)	Mar. 20, 2023 USD ($)	Jun. 30, 2024 USD ($)	Mar. 11, 2024	Mar. 01, 2024 EUR (€)	Dec. 31, 2023 USD ($)
364-Day Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Short-term debt, borrowing capacity	$ 1,500,000,000		$ 1,500,000,000
Debt term	364 days		364 days
Short-term outstanding borrowings				$ 0
$4.875% notes due 2029
Debt Instrument [Line Items]
Senior notes		$ 500,000,000		$ 500,000,000			$ 0
Interest rate		4.875%		4.875%		4.875%
4.95% notes due 2031
Debt Instrument [Line Items]
Senior notes		$ 500,000,000		$ 500,000,000			0
Interest rate		4.95%		4.95%		4.95%
$5.00% notes due 2035
Debt Instrument [Line Items]
Senior notes		$ 750,000,000		$ 750,000,000			0
Interest rate		5.00%		5.00%		5.00%
$5.25% notes due 2054
Debt Instrument [Line Items]
Senior notes		$ 1,750,000,000		$ 1,750,000,000			0
Interest rate		5.25%		5.25%		5.25%
$5.35% notes due 2064
Debt Instrument [Line Items]
Senior notes		$ 650,000,000		$ 650,000,000			0
Interest rate		5.35%		5.35%		5.35%
Notes
Debt Instrument [Line Items]
Gross proceeds		$ 4,200,000,000
Discount and closing costs related to the offering		$ 44,000,000
3.375% Euro notes due 2030
Debt Instrument [Line Items]
Senior notes				$ 802,000,000		€ 750	0
Interest rate		3.375%		3.375%		3.375%
3.75% Euro notes due 2036
Debt Instrument [Line Items]
Senior notes				$ 802,000,000		€ 750	0
Interest rate		3.75%		3.75%		3.75%
0.000% Senior Notes due 2024
Debt Instrument [Line Items]
Senior notes				$ 0			$ 547,000,000
Interest rate				0.00%	0.00%
Line of Credit \| 5-Year Credit Agreement
Debt Instrument [Line Items]
Debt term	5 years		5 years
Line of credit facility, maximum borrowing capacity	$ 4,000,000,000		$ 4,000,000,000
Borrowing capacity upon certain terms	$ 4,500,000,000
Long-term outstanding borrowings				$ 0
Euro Notes
Debt Instrument [Line Items]
Gross proceeds		$ 1,600,000,000
Discount and closing costs related to the offering		$ 21,000,000

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 9,349	$ 7,259
Finite-lived intangible assets, accumulated amortization	(5,112)	(4,999)
Net Carrying Amount	4,237	2,260
Indefinite-lived intangible assets (excluding goodwill)	971	971
Intangible assets, gross (excluding goodwill)	10,320	8,230
Other intangible assets—net	5,208	3,231
Patents and technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	2,652	2,399
Finite-lived intangible assets, accumulated amortization	(1,872)	(1,837)
Net Carrying Amount	780	562
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	5,894	4,199
Finite-lived intangible assets, accumulated amortization	(2,671)	(2,601)
Net Carrying Amount	3,223	1,598
Trademarks
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	390	362
Finite-lived intangible assets, accumulated amortization	(291)	(284)
Net Carrying Amount	99	78
Other
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	413	299
Finite-lived intangible assets, accumulated amortization	(278)	(277)
Net Carrying Amount	$ 135	$ 22

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

The details of the earnings per share calculations for the three and six months ended June 30, 2024, and 2023, are as follows (shares in millions):


	Three Months Ended June 30,				Six Months Ended June 30,
Basic	2024		2023		2024		2023
Net income attributable to Honeywell	$	1,544	$	1,487	$	3,007	$	2,881
Weighted average shares outstanding	650.2		665.3		651.3		666.5
Earnings per share of common stock—basic	$	2.37	$	2.24	$	4.62	$	4.32


	Three Months Ended June 30,				Six Months Ended June 30,
Assuming Dilution	2024		2023		2024		2023
Net income attributable to Honeywell	$	1,544	$	1,487	$	3,007	$	2,881
Average shares
Weighted average shares outstanding	650.2		665.3		651.3		666.5
Dilutive securities issuable—stock plans	4.0		4.9		4.2		5.4
Total weighted average diluted shares outstanding	654.2		670.2		655.5		671.9
Earnings per share of common stock—assuming dilution	$	2.36	$	2.22	$	4.59	$	4.29

The diluted earnings per share calculations exclude the effect of stock options when the cost to exercise an option exceeds the average market price of the common shares during the period. For the three and six months ended June 30, 2024, the weighted average number of stock options excluded from the computations were 5.6 million and 5.3 million, respectively. For the three and six months ended June 30, 2023, the weighted average number of stock options excluded from the computations were 4.7 million and 4.3 million, respectively.

As of June 30, 2024, and 2023, the total shares outstanding were 649.7 million and 664.0 million, respectively, and as of June 30, 2024, and 2023, total shares issued were 957.6 million.

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Schedule of Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 18,049
Acquisitions/ Divestitures	2,878
Currency Translation Adjustment	(103)
Goodwill, ending balance	20,824
Corporate and All Other
Goodwill [Roll Forward]
Goodwill, beginning balance	906
Acquisitions/ Divestitures	0
Currency Translation Adjustment	1
Goodwill, ending balance	907
Aerospace Technologies \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	2,386
Acquisitions/ Divestitures	0
Currency Translation Adjustment	(3)
Goodwill, ending balance	2,383
Industrial Automation \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	9,650
Acquisitions/ Divestitures	0
Currency Translation Adjustment	(66)
Goodwill, ending balance	9,584
Building Automation \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	3,380
Acquisitions/ Divestitures	2,878
Currency Translation Adjustment	(32)
Goodwill, ending balance	6,226
Energy and Sustainability Solutions \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	1,727
Acquisitions/ Divestitures	0
Currency Translation Adjustment	(3)
Goodwill, ending balance	$ 1,724

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2024

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 that were accounted for at fair value on a recurring basis:


	June 30, 2024								December 31, 2023
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Foreign currency exchange contracts	$	—	$	22	$	—	$	22	$	—	$	35	$	—	$	35
Available for sale investments	69		271		—		340		63		217		—		280
Interest rate swap agreements	—		—		—		—		—		18		—		18
Cross currency swap agreements	—		25		—		25		—		—		—		—

Investments in equity securities	20		—		—		20		22		—		—		22
Right to HWI Net Sale Proceeds	—		—		6		6		—		—		9		9
Total assets	$	89	$	318	$	6	$	413	$	85	$	270	$	9	$	364
Liabilities
Foreign currency exchange contracts	$	—	$	23	$	—	$	23	$	—	$	9	$	—	$	9
Interest rate swap agreements	—		212		—		212		—		184		—		184
Commodity contracts	—		—		—		—		—		1		—		1
Cross currency swap agreements	—		83		—		83		—		145		—		145
Total liabilities	$	—	$	318	$	—	$	318	$	—	$	339	$	—	$	339

Financial Assets and Liabilities That Were Not Carried at Fair Value

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


	June 30, 2024				December 31, 2023
	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets

Long-term receivables	$	759	$	655	$	232	$	173

Liabilities
Long-term debt and related current maturities	23,384		22,291		18,358		17,706

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$ 112	$ 91
Finance leases	$ 61	$ 25

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Location and Impact to Consolidated Statement of Operations Related to Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	$ 9,577	$ 9,146	$ 18,682	$ 18,010
Costs of products and services sold	5,856	5,626	11,439	11,124
Selling, General and Administrative Expenses	1,361	1,262	2,663	2,579
Other (income) expense	(246)	(208)	(477)	(468)
Interest and Other Financial Charges	250	187	470	357
Foreign currency exchange contracts \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0	0	0
Foreign currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0	0	0
Foreign currency exchange contracts \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	10	(69)	33	(149)
Foreign currency exchange contracts \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0	0	0
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| 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 (loss) into income	2	2	3	3
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| 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 (loss) into income	4	3	5	4
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| 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 (loss) into income	0	0	0	0
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| 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 (loss) into income	0	0	0	0
Derivatives in fair value hedging relationships \| Fair Value Hedging \| Gain (loss) on cash flow 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 \| Fair Value Hedging \| Gain (loss) on cash flow 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 \| Fair Value Hedging \| Gain (loss) on cash flow 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 \| Fair Value Hedging \| Gain (loss) on cash flow hedges \| Interest rate swap agreements \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	4	65	46	(2)
Derivatives designated as hedges	(4)	(65)	(46)	2
Product
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	6,477	6,441	12,740	12,751
Costs of products and services sold	4,247	4,133	8,282	8,201
Product \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0	0	0
Product \| Derivatives in fair value hedging relationships \| Cash Flow Hedging \| 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 (loss) into income	6	6	8	9
Product \| Derivatives in fair value hedging relationships \| Fair Value Hedging \| Gain (loss) on cash flow 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
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	3,100	2,705	5,942	5,259
Costs of products and services sold	1,609	1,493	3,157	2,923
Service \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0	0	0
Service \| Derivatives in fair value hedging relationships \| Cash Flow Hedging \| 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 (loss) into income	2	2	3	3
Service \| Derivatives in fair value hedging relationships \| Fair Value Hedging \| Gain (loss) on cash flow 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

LEASES (Tables)

6 Months Ended

Jun. 30, 2024

Leases [Abstract]

Lease Cost Information

Supplemental cash flow information related to leases was as follows:


	Six Months Ended June 30,
		2024	2023
Right-of-use assets obtained in exchange for lease obligations
Operating leases			$	112	$	91
Finance leases			61		25

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:


	June 30, 2024		December 31, 2023
Operating leases
Other assets	$	997	$	1,004
Accrued liabilities	194		196
Other liabilities	904		897
Total operating lease liabilities	1,098		1,093
Finance leases
Property, plant and equipment	423		402
Accumulated depreciation	(216)		(204)
Property, plant and equipment—net	207		198
Current maturities of long-term debt	88		86
Long-term debt	98		99
Total finance lease liabilities	$	186	$	185

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset value	$ 6	$ 6	$ 9
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, settlements	$ 3	$ 3	$ 275

COMMITMENTS AND CONTINGENCIES - Asbestos-Related Liabilities (Details) - USD ($) $ in Millions			3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 08, 2022	Nov. 20, 2022	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries for asbestos-related liabilities			$ 163		$ 163		$ 170
Asbestos-related liabilities			1,444		1,444		1,490
Fair value of cash proceeds from sale			3		3		275
Decrease in fair value of cash proceeds from sale				$ 11		$ 11	11
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset value			6		6		9
Total
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period					1,644
Accrual for update to estimated liability					21
Change in estimated cost of future claims					10
Asbestos-related liability payments					(90)
Asbestos related liabilities, end of period			1,585		1,585		1,644
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period					211
Probable insurance recoveries related to estimated liability					0
Insurance receipts for asbestos-related liabilities					(7)
Insurance recoveries, end of period			204		204		211
Other current assets			41		41		41
Insurance recoveries for asbestos-related liabilities			163		163		170
Total insurance recoveries for asbestos-related liabilities			204		204		211
Accrued liabilities			141		141		154
Asbestos-related liabilities			1,444		1,444		1,490
Total asbestos-related liabilities			1,585		1,585		1,644
Bendix
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period					1,644
Accrual for update to estimated liability					20
Change in estimated cost of future claims					10
Asbestos-related liability payments					(89)
Asbestos related liabilities, end of period			1,585		1,585		1,644
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period					123
Probable insurance recoveries related to estimated liability					0
Insurance receipts for asbestos-related liabilities					(4)
Insurance recoveries, end of period			119		119		123
Total insurance recoveries for asbestos-related liabilities			119		119		123
Total asbestos-related liabilities			1,585		1,585		1,644
Change in NARCO trust liability for annual contribution claims							(522)
Bendix \| Shortening Look-Back Period
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Change in NARCO trust liability for annual contribution claims							434
NARCO
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period					0
Accrual for update to estimated liability					1
Change in estimated cost of future claims					0
Asbestos-related liability payments					(1)
Asbestos related liabilities, end of period			0		0		0
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period					88
Probable insurance recoveries related to estimated liability					0
Insurance receipts for asbestos-related liabilities					(3)
Insurance recoveries, end of period			85		85		88
Total insurance recoveries for asbestos-related liabilities			85		85		88
Total asbestos-related liabilities			$ 0		$ 0		$ 0
Annual trust cap	$ 1,325	$ 1,325
Loss contingency, accrual, annual operating expenses of trust								$ 30
Change in NARCO trust liability for annual contribution claims	688
Loss contingency, buyout agreement, proceeds from sale	$ 295

REPOSITIONING AND OTHER CHARGES - Pretax Impact of Total net Repositioning and Other Charges by Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	$ 44	$ 102	$ 137	$ 243
Corporate and All Other
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	33	55	82	107
Aerospace Technologies \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	3	8	8	11
Industrial Automation \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	11	41	28	89
Building Automation \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	(4)	4	0	31
Energy and Sustainability Solutions \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	$ 1	$ (6)	$ 19	$ 5

GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes the change in the carrying amount of goodwill for the six months ended June 30, 2024, by reportable business segment:


	December 31, 2023		Acquisitions/ Divestitures		Currency Translation Adjustment		June 30, 2024
Aerospace Technologies	$	2,386	$	—	$	(3)	$	2,383
Industrial Automation	9,650		—		(66)		9,584
Building Automation	3,380		2,878		(32)		6,226
Energy and Sustainability Solutions	1,727		—		(3)		1,724
Corporate and All Other	906		—		1		907
Total Goodwill	$	18,049	$	2,878	$	(103)	$	20,824

Schedule of Indefinite-Lived Intangible Assets

Other intangible assets are comprised of:


	June 30, 2024						December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-life intangibles
Patents and technology	$	2,652	$	(1,872)	$	780	$	2,399	$	(1,837)	$	562
Customer relationships	5,894		(2,671)		3,223		4,199		(2,601)		1,598
Trademarks	390		(291)		99		362		(284)		78
Other	413		(278)		135		299		(277)		22
Total definite-life intangibles—net	9,349		(5,112)		4,237		7,259		(4,999)		2,260
Indefinite-life intangibles
Trademarks	971		—		971		971		—		971
Total Other intangible assets—net	$	10,320	$	(5,112)	$	5,208	$	8,230	$	(4,999)	$	3,231

Schedule of Finite-Lived Intangible Assets

Other intangible assets are comprised of:


	June 30, 2024						December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-life intangibles
Patents and technology	$	2,652	$	(1,872)	$	780	$	2,399	$	(1,837)	$	562
Customer relationships	5,894		(2,671)		3,223		4,199		(2,601)		1,598
Trademarks	390		(291)		99		362		(284)		78
Other	413		(278)		135		299		(277)		22
Total definite-life intangibles—net	9,349		(5,112)		4,237		7,259		(4,999)		2,260
Indefinite-life intangibles
Trademarks	971		—		971		971		—		971
Total Other intangible assets—net	$	10,320	$	(5,112)	$	5,208	$	8,230	$	(4,999)	$	3,231

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Accounts payable	$ 6,470	$ 6,849
Suppliers Utilizing Third Party Services Sold Through To Financial Institutions
Financing Receivable, Past Due [Line Items]
Accounts payable	$ 1,017	$ 1,112