XML 70 R15.htm IDEA: XBRL DOCUMENT v3.21.2

LONG-TERM DEBT AND CREDIT AGREEMENTS

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Long-term Debt

			June 30, 2021						December 31, 2020
4.25% notes due 2021			$	—					$	800
1.85% notes due 2021			1,500						1,500
0.483% notes due 2022			2,500						2,500
2.15% notes due 2022			600						600
Floating rate notes due 2022			1,100						1,100
1.30% Euro notes due 2023			1,478						1,534
3.35% notes due 2023			300						300
0.00% Euro notes due 2024			591						614
2.30% notes due 2024			750						750
1.35% notes due 2025			1,250						1,250
2.50% notes due 2026			1,500						1,500
2.25% Euro notes due 2028			887						920
2.70% notes due 2029			750						750
1.95% notes due 2030			1,000						1,000
0.75% Euro notes due 2032			591						614
5.70% notes due 2036			441						441
5.70% notes due 2037			462						462
5.375% notes due 2041			417						417
3.812% notes due 2047			445						445
2.80% notes due 2050			750						750
Industrial development bond obligations, floating rate maturing at various dates through 2037			22						22
6.625% debentures due 2028			201						201
9.065% debentures due 2033			51						51
Other (including capitalized leases and debt issuance costs), 8.1% weighted average interest rate maturing at various dates through 2025			197						266
			17,783						18,787
Less-current portion			(1,645)						(2,445)
			$	16,138					$	16,342

On March 1, 2021, the Company repaid its 4.25% notes due 2021.

On March 31, 2021, the Company entered into a $4.0 billion Amended and Restated Five Year Credit Agreement (the 5-Year Credit Agreement) and a $1.5 billion 364-Day Credit Agreement (the 364-Day Credit Agreement). The 5-Year Credit Agreement amended and restated the previously reported $4.0 billion amended and restated five-year credit agreement dated as of April 26, 2019. Commitments under the 5-Year Credit Agreement can be increased pursuant to the terms of the 5-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of April 10, 2020, which was terminated in accordance with its terms effective March 31, 2021. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 30, 2022, 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 30, 2023, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 5-Year Credit Agreement and the 364-Day Credit Agreement are maintained for general corporate purposes.

As of June 30, 2021, there were no outstanding borrowings under the 5-Year Credit Agreement or the 364-Day Credit Agreement.

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

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

+ Details

Name:	us-gaap_DebtDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration