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LONG-TERM DEBT AND CREDIT AGREEMENTS | 3 Months Ended
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Mar. 31, 2023
Debt Disclosure [Abstract] |
LONG-TERM DEBT AND CREDIT AGREEMENTS | LONG-TERM DEBT AND CREDIT AGREEMENTS
| March 31, 2023 | December 31, 2022
1.30% Euro notes due 2023 |  | $ | — |  |  | $ | 1,334 |
3.35% notes due 2023 |  | 300 |  |  | 300 |
0.00% Euro notes due 2024 |  | 543 |  |  | 534 |
2.30% notes due 2024 |  | 750 |  |  | 750 |
4.85% notes due 2024 |  | 400 |  |  | 400 |
1.35% notes due 2025 |  | 1,250 |  |  | 1,250 |
2.50% notes due 2026 |  | 1,500 |  |  | 1,500 |
1.10% notes due 2027 |  | 1,000 |  |  | 1,000 |
4.95% notes due 2028 |  | 500 |  |  | 500 |
2.25% Euro notes due 2028 |  | 814 |  |  | 800 |
2.70% notes due 2029 |  | 750 |  |  | 750 |
1.95% notes due 2030 |  | 1,000 |  |  | 1,000 |
1.75% notes due 2031 |  | 1,500 |  |  | 1,500 |
0.75% Euro notes due 2032 |  | 543 |  |  | 534 |
5.00% notes due 2033 |  | 1,100 |  |  | 1,100 |
4.125% Euro notes due 2034 |  | 1,085 |  |  | 1,067 |
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), 8.6% weighted average interest rate maturing at various dates through 2029 |  | 232 |  |  | 265 |
Fair value of hedging instruments |  | (220) |  |  | (287) |
Debt issuance costs |  | (229) |  |  | (233) |
Total Long-term debt and current related maturities |  | 15,607 |  |  | 16,853 |
Less: Current maturities of long-term debt |  | 937 |  |  | 1,730 |
Total Long-term debt |  | $ | 14,670 |  |  | $ | 15,123 |
On February 22, 2023, the Company repaid its 1.30% Euro notes due 2023. On March 20, 2023, the Company entered into a $1.5 billion 364-day credit agreement (the 364-Day Credit Agreement) and a $4.0 billion amended and restated five-year credit agreement (the 5-Year Credit Agreement). The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of March 24, 2022, which was terminated in accordance with its terms effective March 20, 2023. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 18, 2024, 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 18, 2025, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 5-Year Credit Agreement amended and restated the previously reported $4.0 billion amended and restated five-year credit agreement dated as of March 24, 2022. 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 and 5-Year Credit Agreement are maintained for general corporate purposes. As of March 31, 2023, there were no outstanding borrowings under the 364-Day Credit Agreement or the 5-Year Credit Agreement.

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- 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 https://asc.fasb.org/topic&trid=2208564 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1E -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 + Details
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