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COMMITMENTS AND CONTINGENCIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Loss Contingency | The following table summarizes information concerning the Company's recorded liabilities for environmental costs:
| Years Ended December 31,
2024 |  | 2023 |  | 2022
Beginning of year | $ | 641 |  |  | $ | 615 |  |  | $ | 618 |
Accruals for environmental matters deemed probable and reasonably estimable | 261 |  |  | 222 |  |  | 186 |
Environmental liability payments | (224) |  |  | (196) |  |  | (211) |
Other | — |  |  | — |  |  | 22 |
End of year | $ | 678 |  |  | $ | 641 |  |  | $ | 615 |
Environmental Liabilities | Environmental liabilities are included in the following balance sheet accounts:
| December 31,
2024 |  | 2023
Accrued liabilities | $ | 244 |  |  | $ | 227 |
Other liabilities | 434 |  |  | 414 |
Total environmental liabilities | $ | 678 |  |  | $ | 641 |
Asbestos Related Liabilities |
| Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  | Year Ended December 31, 2022
| Bendix |  | NARCO |  | Total |  | Bendix |  | NARCO |  | Total |  | Bendix |  | NARCO |  | Total
Beginning of year | $ | 1,644 |  |  | $ | — |  |  | $ | 1,644 |  |  | $ | 1,291 |  |  | $ | 1,325 |  |  | $ | 2,616 |  |  | $ | 1,372 |  |  | $ | 689 |  |  | $ | 2,061 |
Accrual for update to estimated liability | 41 |  |  | 1 |  |  | 42 |  |  | 43 |  |  | 5 |  |  | 48 |  |  | 93 |  |  | (634) |  |  | (541) |
Change in estimated cost of future claims | 20 |  |  | — |  |  | 20 |  |  | 423 |  |  | — |  |  | 423 |  |  | 41 |  |  | — |  |  | 41 |
Update of expected resolution values for pending claims | — |  |  | — |  |  | — |  |  | 56 |  |  | — |  |  | 56 |  |  | 1 |  |  | — |  |  | 1 |
Asbestos-related liability payments | (223) |  |  | (1) |  |  | (224) |  |  | (169) |  |  | (5) |  |  | (174) |  |  | (216) |  |  | (55) |  |  | (271) |
NARCO Buyout | — |  |  | — |  |  | — |  |  | — |  |  | (1,325) |  |  | (1,325) |  |  | — |  |  | 1,325 |  |  | 1,325 |
End of year | $ | 1,482 |  |  | $ | — |  |  | $ | 1,482 |  |  | $ | 1,644 |  |  | $ | — |  |  | $ | 1,644 |  |  | $ | 1,291 |  |  | $ | 1,325 |  |  | $ | 2,616 |
Insurance Recoveries for Asbestos Related Liabilities |
| Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  | Year Ended December 31, 2022
| Bendix |  | NARCO |  | Total |  | Bendix |  | NARCO |  | Total |  | Bendix |  | NARCO |  | Total
Beginning of year | $ | 123 |  |  | $ | 88 |  |  | $ | 211 |  |  | $ | 130 |  |  | $ | 135 |  |  | $ | 265 |  |  | $ | 142 |  |  | $ | 221 |  |  | $ | 363 |
Probable insurance recoveries related to estimated liability | 3 |  |  | — |  |  | 3 |  |  | 11 |  |  | — |  |  | 11 |  |  | 5 |  |  | 2 |  |  | 7 |
Insurance receipts for asbestos-related liabilities | (16) |  |  | (8) |  |  | (24) |  |  | (18) |  |  | (21) |  |  | (39) |  |  | (17) |  |  | (20) |  |  | (37) |
Insurance receivables settlements and write-offs | — |  |  | — |  |  | — |  |  | — |  |  | (26) |  |  | (26) |  |  | — |  |  | (68) |  |  | (68) |
End of year | $ | 110 |  |  | $ | 80 |  |  | $ | 190 |  |  | $ | 123 |  |  | $ | 88 |  |  | $ | 211 |  |  | $ | 130 |  |  | $ | 135 |  |  | $ | 265 |
NARCO and Bendix Asbestos Related Balances | NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts:
| December 31,
2024 |  | 2023
Other current assets | $ | 19 |  |  | $ | 41 |
Insurance recoveries for asbestos-related liabilities | 171 |  |  | 170 |
Total insurance recoveries for asbestos-related liabilities | $ | 190 |  |  | $ | 211 |
Accrued liabilities | $ | 157 |  |  | $ | 154 |
Asbestos-related liabilities | 1,325 |  |  | 1,490 |
Total asbestos-related liabilities | $ | 1,482 |  |  | $ | 1,644 |
Schedule Of Bendix Loss Contingencies Litigation Claims Activity | The following tables present information regarding Bendix-related asbestos claims activity:
| Years Ended December 31,
2024 |  | 2023
Claims unresolved at the beginning of year | 5,517 |  |  | 5,608 |
Claims filed | 1,617 |  |  | 1,803 |
Claims resolved | (2,184) |  |  | (1,894) |
Claims unresolved at the end of year | 4,950 |  |  | 5,517 |
Schedule of Bendix Loss Contingencies Disease Distribution |
Disease Distribution of Unresolved Claims | Years Ended December 31,
2024 |  | 2023
Mesothelioma and other cancer claims | 2,923 |  |  | 3,244 |
Nonmalignant claims | 2,027 |  |  | 2,273 |
Total claims | 4,950 |  |  | 5,517 |
Average Resolution Values Per Claim Excluding Legal Costs | Honeywell has experienced average resolution values per claim excluding legal costs as follows:
| Years Ended December 31,
2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020
| (in whole dollars)
Mesothelioma and other cancer claims | $ | 79,900 |  |  | $ | 66,200 |  |  | $ | 59,200 |  |  | $ | 56,000 |  |  | $ | 61,500 |
Nonmalignant claims | 1,100 |  |  | 1,730 |  |  | 520 |  |  | 400 |  |  | 550 |
Movement In Standard Product Warranty Rollforward And Balances | The following table summarizes information concerning the Company's recorded obligations for product warranties and product performance guarantees:
| Years Ended December 31,
2024 |  | 2023 |  | 2022
Beginning of year | $ | 219 |  |  | $ | 213 |  |  | $ | 223 |
Accruals for warranties/guarantees issued during the year | 186 |  |  | 139 |  |  | 117 |
Adjustment of pre-existing warranties/guarantees | 3 |  |  | (27) |  |  | (12) |
Settlement of warranty/guarantee claims | (171) |  |  | (106) |  |  | (115) |
End of year | $ | 237 |  |  | $ | 219 |  |  | $ | 213 |
Product warranties and product performance guarantees are included in the following balance sheet accounts:
| December 31,
2024 |  | 2023
Accrued liabilities | $ | 202 |  |  | $ | 182 |
Other liabilities | 35 |  |  | 37 |
Total obligations for product warranties and product performance guarantees | $ | 237 |  |  | $ | 219 |

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