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REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Aerospace |  |  |  |  |  |  |
Commercial Aviation Original Equipment | $ | 563 |  |  | $ | 538 |  |  | $ | 1,711 |  |  | $ | 1,543 |
Commercial Aviation Aftermarket | 1,634 |  |  | 1,339 |  |  | 4,590 |  |  | 3,715 |
Defense and Space | 1,302 |  |  | 1,099 |  |  | 3,650 |  |  | 3,365 |
Net Aerospace sales | 3,499 |  |  | 2,976 |  |  | 9,951 |  |  | 8,623 |
Honeywell Building Technologies |  |  |  |  |  |  |
Products | 894 |  |  | 915 |  |  | 2,720 |  |  | 2,730 |
Building Solutions | 636 |  |  | 611 |  |  | 1,807 |  |  | 1,756 |
Net Honeywell Building Technologies sales | 1,530 |  |  | 1,526 |  |  | 4,527 |  |  | 4,486 |
Performance Materials and Technologies |  |  |  |  |  |  |
UOP | 668 |  |  | 633 |  |  | 1,856 |  |  | 1,677 |
Process Solutions | 1,316 |  |  | 1,141 |  |  | 3,898 |  |  | 3,472 |
Advanced Materials | 883 |  |  | 946 |  |  | 2,723 |  |  | 2,718 |
Net Performance Materials and Technologies sales | 2,867 |  |  | 2,720 |  |  | 8,477 |  |  | 7,867 |
Safety and Productivity Solutions |  |  |  |  |  |  |
Sensing and Safety Technologies | 675 |  |  | 709 |  |  | 2,071 |  |  | 2,165 |
Productivity Solutions and Services | 304 |  |  | 435 |  |  | 994 |  |  | 1,328 |
Warehouse and Workflow Solutions | 335 |  |  | 583 |  |  | 1,197 |  |  | 1,807 |
Net Safety and Productivity Solutions sales | 1,314 |  |  | 1,727 |  |  | 4,262 |  |  | 5,300 |
Corporate and All Other | 2 |  |  | 2 |  |  | 5 |  |  | 4 |
Net sales | $ | 9,212 |  |  | $ | 8,951 |  |  | $ | 27,222 |  |  | $ | 26,280 |
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Products, transferred point in time | 57 | % |  | 61 | % |  | 58 | % |  | 60 | %
Products, transferred over time | 11 |  |  | 13 |  |  | 12 |  |  | 14 |
Net product sales | 68 |  |  | 74 |  |  | 70 |  |  | 74 |
Services, transferred point in time | 12 |  |  | 7 |  |  | 10 |  |  | 8 |
Services, transferred over time | 20 |  |  | 19 |  |  | 20 |  |  | 18 |
Net service sales | 32 |  |  | 26 |  |  | 30 |  |  | 26 |
Net sales | 100 | % |  | 100 | % |  | 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—September 30 | 2,418 |  |  | 2,239 |
Change in contract assets—increase (decrease) | $ | 124 |  |  | $ | 179 |
Contract liabilities—January 1 | $ | (4,583) |  |  | $ | (4,290) |
Contract liabilities—September 30 | (4,081) |  |  | (4,177) |
Change in contract liabilities—decrease (increase) | $ | 502 |  |  | $ | 113 |
Net change | $ | 626 |  |  | $ | 292 |
Revenue Remaining Performance Obligation Expected Timing of Satisfaction | The following table outlines the Company's remaining performance obligations disaggregated by reportable business segment:
| September 30, 2023 |  |
Aerospace | $ | 13,749 |  |  |
Honeywell Building Technologies | 7,105 |  |  |
Performance Materials and Technologies | 8,331 |  |  |
Safety and Productivity Solutions | 2,164 |  |  |
Corporate and All Other 1 | 3 |  |  |
Total performance obligations | $ | 31,352 |  |  |
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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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