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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Defined Benefit Plans Disclosure
 
Pension Benefits
U.S. Plans
 
Non-U.S. Plans
2019
 
2018
 
2019
 
2018
Change in benefit obligation:
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
16,141

 
$
18,151

 
$
6,182

 
$
7,019

Service cost
82

 
140

 
22

 
26

Interest cost
613

 
573

 
142

 
143

Plan amendments
—

 
—

 
—

 
30

Actuarial (gains) losses
2,064

 
(1,111
)
 
708

 
(356
)
Benefits paid
(1,111
)
 
(1,137
)
 
(269
)
 
(264
)
Settlements and curtailments
(507
)
 
—

 
—

 
(9
)
Foreign currency translation
—

 
—

 
107

 
(342
)
Other
1

 
(475
)
 
5

 
(65
)
Benefit obligation at end of year
17,283

 
16,141

 
6,897

 
6,182

Change in plan assets:
 
 
 
 
 
 
 
Fair value of plan assets at beginning of year
17,109

 
18,985

 
6,481

 
7,151

Actual return on plan assets
3,458

 
(303
)
 
863

 
(173
)
Company contributions
45

 
34

 
62

 
137

Benefits paid
(1,111
)
 
(1,137
)
 
(269
)
 
(264
)
Settlements and curtailments
(507
)
 
—

 
—

 
—

Foreign currency translation
—

 
—

 
165

 
(378
)
Other
1

 
(470
)
 
5

 
8

Fair value of plan assets at end of year
18,995

 
17,109

 
7,307

 
6,481

Funded status of plans
$
1,712

 
$
968

 
$
410

 
$
299

Amounts recognized in Consolidated Balance Sheet consist of:
 
 
 
 
 
 
 
Prepaid pension benefit cost(1)
$
2,069

 
$
1,295

 
$
1,196

 
$
1,094

Accrued pension liabilities—current(2)
(32
)
 
(27
)
 
(13
)
 
(12
)
Accrued pension liabilities—noncurrent(3)
(325
)
 
(300
)
 
(773
)
 
(783
)
Net amount recognized
$
1,712

 
$
968

 
$
410

 
$
299

(1)
Included in Other assets on Consolidated Balance Sheet
(2)
Included in Accrued liabilities on Consolidated Balance Sheet
(3)
Included in Other liabilities on Consolidated Balance Sheet
 
Other
Postretirement
Benefits
2019
 
2018
Change in benefit obligation:
 
 
 
Benefit obligation at beginning of year
$
364

 
$
530

Service cost
—

 
—

Interest cost
14

 
15

Plan amendments
(2
)
 
(34
)
Actuarial (gains) losses
(16
)
 
(110
)
Benefits paid
(35
)
 
(37
)
Benefit obligation at end of year
325

 
364

Change in plan assets:
 
 
 
Fair value of plan assets at beginning of year
—

 
—

Actual return on plan assets
—

 
—

Company contributions
—

 
—

Benefits paid
—

 
—

Fair value of plan assets at end of year
—

 
—

Funded status of plans
$
(325
)
 
$
(364
)
Amounts recognized in Consolidated Balance Sheet consist of:
 
 
 
Accrued liabilities
$
(40
)
 
$
(62
)
Postretirement benefit obligations other than pensions(1)
(285
)
 
(302
)
Net amount recognized
$
(325
)
 
$
(364
)
(1)
Excludes non-U.S. plans of $41 million and $42 million in 2019 and 2018.
Other Changes in Plan Assets Recognized in Other Comprehensive Income
 
Pension Benefits
U.S. Plans
 
Non-U.S. Plans
2019
 
2018
 
2019
 
2018
Prior service (credit) cost
$
(176
)
 
$
(218
)
 
$
21

 
$
20

Net actuarial loss
544

 
860

 
701

 
600

Net amount recognized
$
368

 
$
642

 
$
722

 
$
620

 
Other
Postretirement
Benefits
2019
 
2018
Prior service (credit)
$
(166
)
 
$
(226
)
Net actuarial (gain) loss
(20
)
 
(4
)
Net amount recognized
$
(186
)
 
$
(230
)
Net Periodic Benefit Cost
Net Periodic Benefit Cost
Pension Benefits
U.S. Plans
 
Non-U.S. Plans
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Service cost
$
82

 
$
140

 
$
172

 
$
22

 
$
26

 
$
40

Interest cost
613

 
573

 
586

 
142

 
143

 
147

Expected return on plan assets
(1,117
)
 
(1,426
)
 
(1,262
)
 
(331
)
 
(443
)
 
(411
)
Amortization of prior service (credit) cost
(42
)
 
(43
)
 
(43
)
 
—

 
(1
)
 
(1
)
Recognition of actuarial losses
35

 
—

 
41

 
88

 
37

 
46

Settlements and curtailments
4

 
—

 
18

 
—

 
(3
)
 
—

Net periodic benefit (income) cost
$
(425
)
 
$
(756
)
 
$
(488
)
 
$
(79
)
 
$
(241
)
 
$
(179
)
Other Changes in Plan Assets and
Benefits Obligations Recognized in Other Comprehensive (Income) Loss
U.S. Plans
 
Non-U.S. Plans
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Actuarial (gains) losses
$
(277
)
 
$
619

 
$
(792
)
 
$
176

 
$
250

 
$
(153
)
Prior service cost (credit)
—

 
—

 
—

 
—

 
30

 
(1
)
Prior service credit recognized during year
42

 
43

 
43

 
—

 
4

 
1

Actuarial losses recognized during year
(39
)
 
—

 
(59
)
 
(88
)
 
(37
)
 
(46
)
Foreign currency translation
—

 
—

 
—

 
14

 
(34
)
 
43

Total recognized in other comprehensive (income) loss
$
(274
)
 
$
662

 
$
(808
)
 
$
102

 
$
213

 
$
(156
)
Total recognized in net periodic benefit (income) cost and other comprehensive (income) loss
$
(699
)
 
$
(94
)
 
$
(1,296
)
 
$
23

 
$
(28
)
 
$
(335
)

Net Periodic Benefit Cost
Other Postretirement Benefits
Years Ended December 31,
2019
 
2018
 
2017
Service cost
$
—

 
$
—

 
$
—

Interest cost
14

 
15

 
19

Amortization of prior service (credit)
(62
)
 
(52
)
 
(58
)
Recognition of actuarial losses
—

 
3

 
13

Net periodic benefit (income) cost
$
(48
)
 
$
(34
)
 
$
(26
)
Other Changes in Plan Assets and Benefits Obligations
Recognized in Other Comprehensive (Income) Loss
Years Ended December 31,
2019
 
2018
 
2017
Actuarial (gains) losses
$
(16
)
 
$
(110
)
 
$
(14
)
Prior service cost (credit)
(2
)
 
(34
)
 
91

Prior service credit recognized during year
62

 
52

 
58

Actuarial losses recognized during year
—

 
(3
)
 
(13
)
Total recognized in other comprehensive (income) loss
$
44

 
$
(95
)
 
$
122

Total recognized in net periodic benefit (income) cost and other comprehensive (income) loss
$
(4
)
 
$
(129
)
 
$
96
Assumptions Used in Calculations
 
Pension Benefits
U.S. Plans
 
Non-U.S. Plans
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Actuarial assumptions used to determine benefit obligations as of December 31:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
3.22
%
 
4.35
%
 
3.68
%
 
1.81
%
 
2.63
%
 
2.36
%
Expected annual rate of compensation increase
3.25
%
 
3.25
%
 
4.50
%
 
2.47
%
 
2.46
%
 
0.73
%
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
 
 
 
 
 
 
 
 
 
 
 
Discount rate—benefit obligation
4.35
%
 
3.68
%
 
4.20
%
 
2.63
%
 
2.36
%
 
2.51
%
Discount rate—service cost
4.47
%
 
3.77
%
 
4.42
%
 
2.26
%
 
2.20
%
 
2.14
%
Discount rate—interest cost
3.94
%
 
3.27
%
 
3.49
%
 
2.34
%
 
2.08
%
 
2.19
%
Expected rate of return on plan assets
6.75
%
 
7.75
%
 
7.75
%
 
5.14
%
 
6.23
%
 
6.43
%
Expected annual rate of compensation increase
3.25
%
 
4.50
%
 
4.50
%
 
2.46
%
 
2.49
%
 
2.17
%
 
Other
Postretirement
Benefits
2019
 
2018
 
2017
Actuarial assumptions used to determine benefit obligations as of December 31:
 
 
 
 
 
Discount rate
3.03
%
 
4.07
%
 
3.39
%
Actuarial assumptions used to determine net periodic benefit cost for years ended December 31:
 
 
 
 
 
Discount rate(1)
4.07
%
 
3.39
%
 
3.60
%
(1)
Discount rate was 3.65% for 1/1/2017 through 2/28/2017. Rate was changed to 3.60% for the remainder of 2017 due to a Plan remeasurement as of 3/1/2017.
Accumulated Benefit Obligations in Excess of Plan Assets
 
December 31,
U.S. Plans
 
Non-U.S. Plans
2019
 
2018
 
2019
 
2018
Projected benefit obligation
$
357

 
$
327

 
$
1,018

 
$
1,668

Accumulated benefit obligation
$
347

 
$
321

 
$
973

 
$
1,604

Fair value of plan assets
$
—

 
$
—

 
$
233

 
$
873
Fair Value of Plan Assets
 
U.S. Plans
December 31, 2019
Total
 
Level 1
 
Level 2
 
Level 3
Equities:
 
 
 
 
 
 
 
Honeywell common stock
$
2,857

 
$
2,857

 
$
—

 
$
—

U.S. equities
1,227

 
1,227

 
—

 
—

Non-U.S. equities
—

 
—

 
—

 
—

Real estate investment trusts
—

 
—

 
—

 
—

Fixed income:
 
 
 
 
 
 
 
Short term investments
1,395

 
1,395

 
—

 
—

Government securities
1,146

 
—

 
1,146

 
—

Corporate bonds
8,603

 
—

 
8,603

 
—

Mortgage/Asset-backed securities
1,023

 
—

 
1,023

 
—

Insurance contracts
8

 
—

 
8

 
—

Direct investments:
 
 
 
 
 
 
 
Direct private investments
950

 
—

 
—

 
950

Real estate properties
619

 
—

 
—

 
619

Total
$
17,828

 
$
5,479

 
$
10,780

 
$
1,569

Investments measured at NAV:
 
 
 
 
 
 
 
Private funds
1,019

 
 
 
 
 
 
Real estate funds
42

 
 
 
 
 
 
Hedge funds
—

 
 
 
 
 
 
Commingled Funds
106

 
 
 
 
 
 
Total assets at fair value
$
18,995

 
 
 
 
 
 
 
U.S. Plans
December 31, 2018
Total
 
Level 1
 
Level 2
 
Level 3
Equities:
 
 
 
 
 
 
 
Honeywell common stock
$
2,438

 
$
2,438

 
$
—

 
$
—

U.S. equities
1,365

 
1,365

 
—

 
—

Non-U.S. equities
753

 
753

 
—

 
—

Real estate investment trusts
244

 
244

 
—

 
—

Fixed income:
 
 
 
 
 
 
 
Short term investments
877

 
877

 
—

 
—

Government securities
993

 
—

 
993

 
—

Corporate bonds
6,824

 
—

 
6,824

 
—

Mortgage/Asset-backed securities
1,032

 
—

 
1,032

 
—

Insurance contracts
8

 
—

 
8

 
—

Direct investments:
 
 
 
 
 
 
 
Direct private investments
829

 
—

 
—

 
829

Real estate properties
657

 
—

 
—

 
657

Total
$
16,020

 
$
5,677

 
$
8,857

 
$
1,486

Investments measured at NAV:
 
 
 
 
 
 
 
Private funds
931

 
 
 
 
 
 
Real estate funds
56

 
 
 
 
 
 
Hedge funds
1

 
 
 
 
 
 
Commingled funds
101

 
 
 
 
 
 
Total assets at fair value
$
17,109

 
 
 
 
 
 
 
Non-U.S. Plans
December 31, 2019
Total
 
Level 1
 
Level 2
 
Level 3
Equities:
 
 
 
 
 
 
 
U.S. equities
$
149

 
$
—

 
$
149

 
$
—

Non-U.S. equities
1,384

 
54

 
1,330

 
—

Fixed income:
 
 
 
 
 
 
 
Short-term investments
522

 
522

 
—

 
—

Government securities
3,006

 
—

 
3,006

 
—

Corporate bonds
1,746

 
—

 
1,746

 
—

Mortgage/Asset-backed securities
84

 
—

 
84

 
—

Insurance contracts
120

 
—

 
120

 
—

Investments in private funds:
 
 
 
 
 
 
 
Private funds
69

 
—

 
35

 
34

Real estate funds
150

 
—

 
—

 
150

Total
$
7,230

 
$
576

 
$
6,470

 
$
184

Investments measured at NAV:
 
 
 
 
 
 
 
Private funds
21

 
 
 
 
 
 
Real estate funds
56

 
 
 
 
 
 
Total assets at fair value
$
7,307

 
 
 
 
 
 
 
Non-U.S. Plans
December 31, 2018
Total
 
Level 1
 
Level 2
 
Level 3
Equities:
 
 
 
 
 
 
 
U.S. equities
$
429

 
$
297

 
$
132

 
$
—

Non-U.S. equities
1,356

 
44

 
1,312

 
—

Fixed income:
 
 
 
 
 
 
 
Short-term investments
189

 
189

 
—

 
—

Government securities
2,572

 
—

 
2,572

 
—

Corporate bonds
1,468

 
—

 
1,468

 
—

Mortgage/Asset-backed securities
60

 
—

 
60

 
—

Insurance contracts
137

 
—

 
137

 
—

Investments in private funds:
 
 
 
 
 
 
 
Private funds
46

 
—

 
12

 
34

Real estate funds
144

 
—

 
—

 
144

Total
$
6,401

 
$
530

 
$
5,693

 
$
178

Investments measured at NAV:
 
 
 
 
 
 
 
Private funds
26

 
 
 
 
 
 
Real estate funds
54

 
 
 
 
 
 
Total assets at fair value
$
6,481

 
 
 
 
 
 
Changes in Fair Value of Level 3 Plan Assets
 
U.S. Plans
 
Non-U.S. Plans
Direct
Private
Investments
 
Real Estate
Properties
 
Private
Funds
 
Real Estate
Funds
Balance at December 31, 2017
$
752

 
$
597

 
$
31

 
$
149

Actual return on plan assets:
 
 
 
 
 
 
 
Relating to assets still held at year-end
36

 
33

 
1

 
(4
)
Relating to assets sold during the year
65

 
2

 
—

 
—

Purchases
95

 
47

 
2

 
—

Sales and settlements
(119
)
 
(22
)
 
—

 
(1
)
Balance at December 31, 2018
$
829

 
$
657

 
$
34

 
$
144

Actual return on plan assets:
 
 
 
 
 
 
 
Relating to assets still held at year-end
15

 
40

 
—

 
7

Relating to assets sold during the year
89

 
(23
)
 
—

 
1

Purchases
216

 
48

 
—

 
—

Sales and settlements
(199
)
 
(103
)
 
—

 
(2
)
Balance at December 31, 2019
$
950

 
$
619

 
$
34

 
$
150
Estimated Future Benefit Payments
 
U.S. Plans
 
Non-U.S. Plans
2020
$
1,159

 
$
282

2021
1,151

 
288

2022
1,145

 
296

2023
1,138

 
303

2024
1,128

 
311

2025-2029
5,353

 
1,690
Assumed Health Care Cost Trend Rates
 
December 31,
2019
 
2018
Assumed health care cost trend rate:
 
 
 
Health care cost trend rate assumed for next year
7.00
%
 
7.00
%
Rate that the cost trend rate gradually declines to
5.00
%
 
5.00
%
Year that the rate reaches the rate it is assumed to remain at
2029

 
2029
Effect of One Percentage Point Change
 
1 percentage point
Increase
 
Decrease
Effect on total of service and interest cost components
$
1

 
$
(1
)
Effect on postretirement benefit obligation
$
14

 
$
(12
)
Schedule Of Benefit Payments Reflecting Expected Future Service [Table Text Block]
 
Without Impact of
Medicare Subsidy
 
Net of
Medicare Subsidy
2020
$
46

 
$
41

2021
42

 
38

2022
39

 
35

2023
36

 
32

2024
22

 
20

2025-2029
95

 
84