CAPITAL STOCK

12 Months Ended

Dec. 31, 2019

Capital Stock [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Capital Stock

Honeywell is authorized to issue up to 2,000,000,000 shares of common stock, with a par value of $1. Common shareowners are entitled to receive such dividends as may be declared by the Board of Directors, are entitled to one vote per share, and are entitled, in the event of liquidation, to share ratably in all the assets of Honeywell which are available for distribution to the common shareowners. Common shareowners do not have preemptive or conversion rights. Shares of common stock issued and outstanding or held in the treasury are not liable to further calls or assessments. There are no restrictions on us relative to dividends or the repurchase or redemption of common stock.

On April 29, 2019, the Board of Directors authorized the repurchase of up to a total of $10.0 billion of Honeywell common stock, which included amounts remaining under, and replaced, the previously approved share repurchase program. Approximately $7.0 billion and $3.7 billion remained available as of December 31, 2019, and December 31, 2018 for additional share repurchases.

Honeywell repurchased approximately 26.5 million shares of its common stock in both 2019 and 2018, for $4,400 million and $4,000 million.

Honeywell is authorized to issue up to 40,000,000 shares of preferred stock, without par value, and can determine the number of shares of each series, and the rights, preferences and limitations of each series. At December 31, 2019, there was no preferred stock outstanding.