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REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables) | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | See the following disaggregated revenue table and related discussions by reportable business segment for details:
|  |  | Three Months Ended March 31,
|  |  |  | 2023 | 2022
Aerospace |  |  |  |  |  |  |  |  |
Commercial Aviation Original Equipment |  |  |  |  |  |  | $ | 541 |  |  | $ | 478 |
Commercial Aviation Aftermarket |  |  |  |  |  |  | 1,423 |  |  | 1,168 |
Defense and Space |  |  |  |  |  |  | 1,147 |  |  | 1,103 |
Net Aerospace sales |  |  |  |  |  |  | 3,111 |  |  | 2,749 |
Honeywell Building Technologies |  |  |  |  |  |  |  |  |
Products |  |  |  |  |  |  | 908 |  |  | 879 |
Building Solutions |  |  |  |  |  |  | 579 |  |  | 550 |
Net Honeywell Building Technologies sales |  |  |  |  |  |  | 1,487 |  |  | 1,429 |
Performance Materials and Technologies |  |  |  |  |  |  |  |  |
UOP |  |  |  |  |  |  | 565 |  |  | 480 |
Process Solutions |  |  |  |  |  |  | 1,288 |  |  | 1,152 |
Advanced Materials |  |  |  |  |  |  | 896 |  |  | 821 |
Net Performance Materials and Technologies sales |  |  |  |  |  |  | 2,749 |  |  | 2,453 |
Safety and Productivity Solutions |  |  |  |  |  |  |  |  |
Sensing and Safety Technologies |  |  |  |  |  |  | 704 |  |  | 753 |
Productivity Solutions and Services |  |  |  |  |  |  | 347 |  |  | 399 |
Warehouse and Workflow Solutions |  |  |  |  |  |  | 464 |  |  | 592 |
Net Safety and Productivity Solutions sales |  |  |  |  |  |  | 1,515 |  |  | 1,744 |
Corporate and All Other |  |  |  |  |  |  | 2 |  |  | 1 |
Net sales |  |  |  |  |  |  | $ | 8,864 |  |  | $ | 8,376 |
The disaggregation of the Company's revenue based off timing of recognition is as follows:
|  |  |  | Three Months Ended March 31,
|  |  |  |  | 2023 | 2022
Products, transferred point in time |  |  |  |  |  |  |  | 58 | % |  | 59 | %
Products, transferred over time |  |  |  |  |  |  |  | 13 |  |  | 14 |
Net product sales |  |  |  |  |  |  |  | 71 |  |  | 73 |
Services, transferred point in time |  |  |  |  |  |  |  | 9 |  |  | 8 |
Services, transferred over time |  |  |  |  |  |  |  | 20 |  |  | 19 |
Net service sales |  |  |  |  |  |  |  | 29 |  |  | 27 |
Net sales |  |  |  |  |  |  |  | 100 | % |  | 100 | %
Contract with Customer Asset and Liability | The following table summarizes the Company's contract assets and liabilities balances:
| 2023 | 2022
Contract assets—January 1 |  | $ | 2,294 |  |  | $ | 2,060 |
Contract assets—March 31 |  | 2,453 |  |  | 2,170 |
Change in contract assets - increase |  | $ | 159 |  |  | $ | 110 |
Contract liabilities—January 1 |  | $ | (4,583) |  |  | $ | (4,290) |
Contract liabilities—March 31 |  | (4,291) |  |  | (4,323) |
Change in contract liabilities - decrease (increase) |  | $ | 292 |  |  | $ | (33) |
Net change |  | $ | 451 |  |  | $ | 77 |
Revenue Remaining Performance Obligation Expected Timing of Satisfaction | The following table outlines the Company's remaining performance obligations disaggregated by reportable business segment:
| March 31, 2023 |  |
Aerospace |  | $ | 12,592 |  |  |
Honeywell Building Technologies |  | 6,836 |  |  |
Performance Materials and Technologies |  | 8,381 |  |  |
Safety and Productivity Solutions |  | 2,447 |  |  |
Corporate and All Other(1) |  | 4 |  |  |
Total performance obligations |  | $ | 30,260 |  |  |
(1) The remaining performance obligations within Corporate and All Other relate to the Quantinuum business.

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- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
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- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 + Details
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