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COMMITMENTS AND CONTINGENCIES 9 (Details) $ in Millions | 6 Months Ended
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Jun. 30, 2019 USD ($)
Resideo [Member] | Environmental Liabilities [Member] |
Loss Contingencies [Line Items] |
Spinoff Indemnification Agreement Description | Reimbursements associated with the indemnification and reimbursement agreement with a Resideo subsidiary were $69 million in the six months ended June 30, 2019 and offset operating cash outflows incurred by the Company. As the Company records the accruals 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 percent of such accrual is also recorded. This receivable amount recorded in the six months ended June 30, 2019 was $32 million. As of June 30, 2019, Other Current Assets and Other Assets includes $140 million and $438 million representing the short-term and long-term portion of the receivable amount due from Resideo under the indemnification and reimbursement agreement.
Reimbursements From Indemnification Agreement | $ 69
Reimbursement Receivable Indemnification Agreement | 32
Indemnity Receivable Recorded In Other Current Assets | 140
Indemnity Receivable Recorded In Other Assets | $ 438
Garrett [Member] | Bendix Asbestos Loss Contingency Liability [Member] |
Loss Contingencies [Line Items] |
Spinoff Indemnification Agreement Description | Reimbursements associated with the indemnification and reimbursement agreement with a Garrett subsidiary (the "Agreement") were $77 million for the six months ended June 30, 2019 and offset operating cash outflows incurred by the Company. As the Company records the accruals for matters covered by the indemnification and reimbursement agreement, a corresponding receivable from Garrett for 90 percent of such accrual is also recorded. This receivable amount was $12 million in the six months ended June 30, 2019. As of June 30, 2019, Other Current Assets and Other Assets includes $170 million and $989 million representing the short-term and long-term portion of the receivable amount due from Garrett under the indemnification and reimbursement agreement.
Reimbursements From Indemnification Agreement | $ 77
Reimbursement Receivable Indemnification Agreement | 12
Indemnity Receivable Recorded In Other Current Assets | 170
Indemnity Receivable Recorded In Other Assets | $ 989

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- Definition Amounts received by Honeywell from spin-off entity as defined in indemnification agreement. + References No definition available. + Details
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- Details
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