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COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended
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Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract] |
Loss Contingency | The following table summarizes information concerning the Company's recorded liabilities for environmental costs:
Balance at December 31, 2022 | $ | 615 |
Accruals for environmental matters deemed probable and reasonably estimable | 176 |
Environmental liability payments | (109) |
Balance at September 30, 2023 | $ | 682 |
Environmental Liabilities are Included in the Following Balance Sheet Accounts | Environmental liabilities are included in the following balance sheet accounts:
| September 30, 2023 |  | December 31, 2022
Accrued liabilities | $ | 222 |  |  | $ | 222 |
Other liabilities | 460 |  |  | 393 |
Total environmental liabilities | $ | 682 |  |  | $ | 615 |
Asbestos Related Liabilities |
| Bendix |  | NARCO |  | Total
December 31, 2022 | $ | 1,291 |  |  | $ | 1,325 |  |  | $ | 2,616 |
Accrual for update to estimated liability | 33 |  |  | 4 |  |  | 37 |
Change in estimated cost of future claims | 26 |  |  | — |  |  | 26 |
Asbestos-related liability payments | (128) |  |  | (4) |  |  | (132) |
NARCO Buyout | — |  |  | (1,325) |  |  | (1,325) |
September 30, 2023 | $ | 1,222 |  |  | $ | — |  |  | $ | 1,222 |
Insurance Recoveries for Asbestos Related Liabilities |
| Bendix |  | NARCO |  | Total
December 31, 2022 | $ | 130 |  |  | $ | 135 |  |  | $ | 265 |
Probable insurance recoveries related to estimated liability | 7 |  |  | — |  |  | 7 |
Insurance receipts for asbestos-related liabilities | (10) |  |  | (21) |  |  | (31) |
September 30, 2023 | $ | 127 |  |  | $ | 114 |  |  | $ | 241 |
NARCO and Bendix Asbestos Related Balances are Included in the Following Balance Sheet Accounts | NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts:
| September 30, 2023 |  | December 31, 2022
Other current assets | $ | 41 |  |  | $ | 41 |
Insurance recoveries for asbestos-related liabilities | 200 |  |  | 224 |
Total insurance recoveries for asbestos-related liabilities | $ | 241 |  |  | $ | 265 |
Accrued liabilities | $ | 120 |  |  | $ | 1,436 |
Asbestos-related liabilities | 1,102 |  |  | 1,180 |
Total asbestos-related liabilities 1 | $ | 1,222 |  |  | $ | 2,616 |
1 |  | As of December 31, 2022, Accrued liabilities included the Buyout Amount, as described and defined below, agreed upon between Honeywell and the Trust. The Buyout Amount does not represent an asbestos-related liability.
Bendix Related Asbestos Claims Activity | The following tables present information regarding Bendix-related asbestos claims activity:
| Nine Months Ended September 30, |  | Years Ended December 31,
| 2023 |  | 2022 |  | 2021
Claims unresolved at the beginning of period | 5,608 |  |  | 6,401 |  |  | 6,242 |
Claims filed | 1,335 |  |  | 2,014 |  |  | 2,611 |
Claims resolved | (1,297) |  |  | (2,807) |  |  | (2,452) |
Claims unresolved at the end of period | 5,646 |  |  | 5,608 |  |  | 6,401 |
Disease Distribution of Claims |
| September 30, |  | December 31,
Disease Distribution of Unresolved Claims | 2023 |  | 2022 |  | 2021
Mesothelioma and other cancer claims | 3,396 |  |  | 3,283 |  |  | 3,760 |
Nonmalignant claims | 2,250 |  |  | 2,325 |  |  | 2,641 |
Total claims | 5,646 |  |  | 5,608 |  |  | 6,401 |
Average Resolution Values per Asbestos Claim | Honeywell has experienced average resolution values per claim excluding legal costs as follows:
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020 |  | 2019 |  | 2018
| (in whole dollars)
Mesothelioma and other cancer claims | $ | 59,200 |  |  | $ | 56,000 |  |  | $ | 61,500 |  |  | $ | 50,200 |  |  | $ | 55,300 |
Nonmalignant claims | $ | 520 |  |  | $ | 400 |  |  | $ | 550 |  |  | $ | 3,900 |  |  | $ | 4,700 |

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