XML 73 R26.htm IDEA: XBRL DOCUMENT
v3.21.2

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue [Table Text Block] | See the following table and related discussions by operating segment for details.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Aerospace |  |  |  |  |  |  |
Commercial Aviation Original Equipment | $ | 415 |  |  | $ | 411 |  |  | $ | 1,282 |  |  | $ | 1,532 |
Commercial Aviation Aftermarket | 1,083 |  |  | 779 |  |  | 3,008 |  |  | 2,825 |
Defense and Space | 1,234 |  |  | 1,472 |  |  | 3,840 |  |  | 4,209 |
| 2,732 |  |  | 2,662 |  |  | 8,130 |  |  | 8,566 |
Honeywell Building Technologies |  |  |  |  |  |  |
Products | 805 |  |  | 745 |  |  | 2,432 |  |  | 2,145 |
Building Solutions | 565 |  |  | 560 |  |  | 1,703 |  |  | 1,618 |
| 1,370 |  |  | 1,305 |  |  | 4,135 |  |  | 3,763 |
Performance Materials and Technologies |  |  |  |  |  |  |
UOP | 600 |  |  | 461 |  |  | 1,698 |  |  | 1,572 |
Process Solutions | 1,160 |  |  | 1,135 |  |  | 3,422 |  |  | 3,379 |
Advanced Materials | 750 |  |  | 656 |  |  | 2,288 |  |  | 1,916 |
| 2,510 |  |  | 2,252 |  |  | 7,408 |  |  | 6,867 |
Safety and Productivity Solutions |  |  |  |  |  |  |
Safety and Retail | 525 |  |  | 599 |  |  | 1,884 |  |  | 1,612 |
Productivity Solutions and Services | 407 |  |  | 322 |  |  | 1,132 |  |  | 877 |
Warehouse and Workflow Solutions | 716 |  |  | 445 |  |  | 2,440 |  |  | 1,457 |
Advanced Sensing Technologies | 213 |  |  | 212 |  |  | 606 |  |  | 595 |
| 1,861 |  |  | 1,578 |  |  | 6,062 |  |  | 4,541 |
Net sales | $ | 8,473 |  |  | $ | 7,797 |  |  | $ | 25,735 |  |  | $ | 23,737 |
The disaggregation of the Company's revenue based off timing of recognition is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Products, transferred point in time | 58 | % |  | 61 | % |  | 58 | % |  | 61 | %
Products, transferred over time | 16 |  |  | 15 |  |  | 17 |  |  | 15 |
Net product sales | 74 |  |  | 76 |  |  | 75 |  |  | 76 |
Services, transferred point in time | 9 |  |  | 7 |  |  | 8 |  |  | 8 |
Services, transferred over time | 17 |  |  | 17 |  |  | 17 |  |  | 16 |
Net service sales | 26 |  |  | 24 |  |  | 25 |  |  | 24 |
Net sales | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Contract with Customer Asset and Liability [Table Text Block] | The following table summarizes the Company's contract assets and liabilities balances:
| 2021 |  | 2020
Contract assets - January 1 | $ | 1,618 |  |  | $ | 1,602 |
Contract assets - September 30 | 2,087 |  |  | 1,819 |
Change in contract assets - increase (decrease) | $ | 469 |  |  | $ | 217 |
Contract liabilities - January 1 | $ | (4,033) |  |  | $ | (3,501) |
Contract liabilities - September 30 | (3,840) |  |  | (3,666) |
Change in contract liabilities - decrease (increase) | $ | 193 |  |  | $ | (165) |
Net change | $ | 662 |  |  | $ | 52 |
Revenue Remaining Performance Obligation Expected Timing of Satisfaction [Table Text Block] | The following table outlines the Company's remaining performance obligations disaggregated by segment:
| September 30, 2021 |
Aerospace | $ | 8,890 |  |
Honeywell Building Technologies | 6,813 |  |
Performance Materials and Technologies | 7,573 |  |
Safety and Productivity Solutions | 4,264 |  |
| $ | 27,540 |  |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration