XML 90 R47.htm IDEA: XBRL DOCUMENT
v3.20.4

STOCK-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Share-based Payment Arrangement [Abstract] |
Income Statement Impact from Stock Options |
| Years Ended December 31,
2020 |  | 2019 |  | 2018
Compensation expense | $ | 50 |  |  | $ | 47 |  |  | $ | 64 |
Future income tax benefit recognized | 10 |  |  | 10 |  |  | 13 |
Share based compensation fair value assumptions |
| Years Ended December 31,
2020 |  | 2019 |  | 2018
Weighted average fair value per share of options granted during the year(1) | $ | 21.30 |  |  | $ | 21.57 |  |  | $ | 23.63 |
Assumptions: |  |  |  |  |
Expected annual dividend yield | 2.59 | % |  | 2.65 | % |  | 2.49 | %
Expected volatility | 18.76 | % |  | 18.40 | % |  | 18.93 | %
Risk-free rate of return | 1.32 | % |  | 2.46 | % |  | 2.71 | %
Expected option term (years) | 4.62 |  | 4.87 |  | 4.95
(1)Estimated on date of grant using Black-Scholes option-pricing model.
Stock Options Activity |
| Number of Options |  | Weighted Average Exercise Price
Outstanding at December 31, 2017 | 23,409,293 |  |  | $ | 94.16 |
Spin related adjustment(1) | 989,158 |  |  |
Granted | 3,303,722 |  |  | 148.48 |
Exercised | (3,399,375) |  |  | 78.29 |
Lapsed or canceled | (1,824,217) |  |  | 123.01 |
Outstanding at December 31, 2018 | 22,478,581 |  |  | 97.83 |
Granted | 3,136,058 |  |  | 155.43 |
Exercised | (5,897,060) |  |  | 84.31 |
Lapsed or canceled | (986,017) |  |  | 136.15 |
Outstanding at December 31, 2019 | 18,731,562 |  |  | 109.87 |
Granted | 3,192,693 |  |  | 176.93 |
Exercised | (4,424,754) |  |  | 88.96 |
Lapsed or canceled | (930,972) |  |  | 156.62 |
Outstanding at December 31, 2020 | 16,568,529 |  |  | $ | 125.75 |
Vested and expected to vest at December 31, 2020(2) | 15,442,367 |  |  | $ | 122.63 |
Exercisable at December 31, 2020 | 10,120,793 |  |  | $ | 103.89 |
(1)Additional options granted to offset the dilutive impact of the spin-offs on outstanding options. (2)Represents the sum of vested options of 10.1 million and expected to vest options of 5.3 million. Expected to vest options are derived by applying the pre-vesting forfeiture rate assumption to total outstanding unvested options of 6.4 million.
Schedule of share based compensation by price ranges |
Range of Exercise Prices | Options Outstanding |  | Options Exercisable
Number Outstanding |  | Weighted Average Life(1) |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value |  | Number Exercisable |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value
$27.00–$64.99 | 236,938 |  |  | 1 |  | $ | 56.58 |  |  | $ | 37 |  |  | 236,938 |  |  | $ | 56.58 |  |  | $ | 37 |
$65.00–$89.99 | 2,541,403 |  |  | 2.7 |  | 78.96 |  |  | 340 |  |  | 2,541,403 |  |  | 78.96 |  |  | 340 |
$90.00–$99.99 | 3,980,975 |  |  | 4.68 |  | 98.80 |  |  | 453 |  |  | 3,980,975 |  |  | 98.80 |  |  | 453 |
$100.00–$134.99 | 2,892,011 |  |  | 6.78 |  | 119.58 |  |  | 270 |  |  | 1,985,364 |  |  | 118.64 |  |  | 187 |
$135.00–$180.99 | 6,917,202 |  |  | 8.34 |  | 163.40 |  |  | 341 |  |  | 1,376,113 |  |  | 151.53 |  |  | 84 |
| 16,568,529 |  |  | 6.22 |  | $ | 125.75 |  |  | $ | 1,441 |  |  | 10,120,793 |  |  | $ | 103.89 |  |  | $ | 1,101 |
(1)Average remaining contractual life in years.
Financial Statement Impact From Stock Options Exercised |
Options Exercised | Years Ended December 31,
2020 |  | 2019 |  | 2018
Intrinsic value(1) | $ | 379 |  |  | $ | 483 |  |  | $ | 238 |
Tax benefit realized | 84 |  |  | 117 |  |  | 47 |
(1)Represents the amount by which the stock price exceeded the exercise price of the options on the date of exercise.
Restricted stock units activity | ended December 31, 2020:
| Number of Restricted Stock Units |  | Weighted Average Grant Date Fair Value Per Share
Non-vested at December 31, 2017 | 3,946,827 |  |  | $ | 108.60 |
Spin related adjustment(1) | 154,346 |  |  |
Granted | 1,360,338 |  |  | 153.46
Vested | (988,787) |  |  | 91.68
Forfeited | (814,851) |  |  | 117.40
Non-vested at December 31, 2018 | 3,657,873 |  |  | 125.35
Granted | 1,200,202 |  |  | 162.43
Vested | (1,160,333) |  |  | 104.32
Forfeited | (457,677) |  |  | 134.50
Non-vested at December 31, 2019 | 3,240,065 |  |  | 143.07
Granted | 1,551,675 |  |  | 158.52
Vested | (1,001,101) |  |  | 117.84
Forfeited | (394,116) |  |  | 145.42
Non-vested at December 31, 2020 | 3,396,523 |  |  | $ | 148.23 |
(1)Additional RSU grants to offset the dilutive impact of the spin-offs on non-ve
Income Statement Impact from RSUs | The following table summarizes the impact to the Consolidated Statement of Operations from RSUs:
| Years Ended December 31,
2020 |  | 2019 |  | 2018
Compensation expense | $ | 118 |  |  | $ | 106 |  |  | $ | 111 |
Future income tax benefit recognized | 24 |  |  | 21 |  |  | 21 |

X
- References No definition available. + Details
Name: | hon_ScheduleOfShareBasedCompensationFinancialStatementImpactFromStockOptionsExercisedTableTextBlock
Namespace Prefix: | hon_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | hon_ScheduleOfShareBasedCompensationIncomeStatementImpactFromRsusTableTextBlock
Namespace Prefix: | hon_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | hon_ScheduleOfShareBasedCompensationIncomeStatementImpactFromStockOptionsTableTextBlock
Namespace Prefix: | hon_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration