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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 2,895,000,000 $ 2,705,000,000
Less: Net income attributable to the noncontrolling interest 38,000,000 43,000,000
Net income attributable to Honeywell 2,857,000,000 2,662,000,000
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:    
Depreciation 335,000,000 314,000,000
Amortization 290,000,000 179,000,000
Gain on sale of non-strategic businesses and assets (90,000,000) 0
Repositioning and other charges 242,000,000 342,000,000
Net payments for repositioning and other charges (358,000,000) (309,000,000)
Pension and other postretirement income (583,000,000) (423,000,000)
Pension and other postretirement benefit payments (27,000,000) (23,000,000)
Stock compensation expense 116,000,000 78,000,000
Deferred income taxes 101,000,000 (277,000,000)
Other (277,000,000) (285,000,000)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts receivable (127,000,000) 776,000,000
Inventories (271,000,000) (331,000,000)
Other current assets (98,000,000) 106,000,000
Accounts payable 402,000,000 (364,000,000)
Accrued liabilities (256,000,000) (26,000,000)
Net cash provided by (used for) operating activities 2,256,000,000 2,419,000,000
Cash flows from investing activities:    
Expenditures for property, plant and equipment (406,000,000) (366,000,000)
Proceeds from disposals of property, plant and equipment 14,000,000 7,000,000
Increase in investments (1,397,000,000) (1,671,000,000)
Decrease in investments 1,331,000,000 1,589,000,000
Receipts from Garrett Motion Inc. 375,000,000 0
Receipts (payments) from settlements of derivative contracts (23,000,000) 83,000,000
Cash paid for acquisitions, net of cash acquired (1,327,000,000) 0
Proceeds from sales of businesses, net of fees paid 190,000,000 0
Net cash provided by (used for) investing activities (1,243,000,000) (358,000,000)
Cash flows from financing activities:    
Proceeds from issuance of commercial paper and other short-term borrowings 2,358,000,000 7,165,000,000
Payments of commercial paper and other short-term borrowings (2,355,000,000) (7,094,000,000)
Proceeds from issuance of common stock 114,000,000 97,000,000
Proceeds from issuance of long-term debt 27,000,000 7,101,000,000
Payments of long-term debt (835,000,000) (1,218,000,000)
Repurchases of common stock (1,849,000,000) (1,985,000,000)
Cash dividends paid (1,304,000,000) (1,285,000,000)
Other (33,000,000) (40,000,000)
Net cash provided by (used for) financing activities (3,877,000,000) 2,741,000,000
Effect of foreign exchange rate changes on cash and cash equivalents 16,000,000 (91,000,000)
Net increase (decrease) in cash and cash equivalents (2,848,000,000) 4,711,000,000
Cash and cash equivalents at beginning of period 14,275,000,000 9,067,000,000
Cash and cash equivalents at end of period $ 11,427,000,000 $ 13,778,000,000