REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

See the following table and related discussions by operating segment for details.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Aerospace
Commercial Aviation Original Equipment	$	406	$	772	$	1,527	$	2,265
Commercial Aviation Aftermarket	774		1,452		2,807		4,234
Defense and Space	1,482		1,320		4,232		3,894
	2,662		3,544		8,566		10,393
Honeywell Building Technologies
Products	751		823		2,163		2,476
Building Solutions	554		592		1,600		1,778
	1,305		1,415		3,763		4,254
Performance Materials and Technologies
UOP	461		717		1,572		2,030
Process Solutions	1,135		1,283		3,379		3,818
Specialty Products	261		256		786		790
Fluorine Products	395		414		1,130		1,339
	2,252		2,670		6,867		7,977
Safety and Productivity Solutions
Safety and Retail	599		558		1,612		1,653
Productivity Solutions and Services	322		307		877		926
Warehouse and Workflow Solutions	445		383		1,457		1,361
Sensing & Internet-of-Things (IoT)	212		209		595		649
	1,578		1,457		4,541		4,589
Net sales	$	7,797	$	9,086	$	23,737	$	27,213

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,
	2020		2019		2020		2019
Products, transferred point in time	61	%	62	%	61	%	61	%
Products, transferred over time	15		13		15		14
Net product sales	76		75		76		75
Services, transferred point in time	7		8		8		9
Services, transferred over time	17		17		16		16
Net service sales	24		25		24		25
Net sales	100	%	100	%	100	%	100	%

Contract with Customer Asset and Liability [Table Text Block]

The following table summarizes the Company's contract assets and liabilities balances: 

	2020		2019
Contract assets - January 1	$	1,602	$	1,548
Contract assets - September 30	1,819		1,812
Change in contract assets - increase (decrease)	$	217	$	264
Contract liabilities - January 1	$	(3,501)	$	(3,378)
Contract liabilities - September 30	(3,666)		(3,188)
Change in contract liabilities - decrease (increase)	$	(165)	$	190
Net change	$	52	$	454

Revenue Remaining Performance Obligation Expected Timing of Satisfaction [Table Text Block]

The following table outlines the Company's remaining performance obligations disaggregated by segment: 

	September 30, 2020
Aerospace	$	9,717
Honeywell Building Technologies	5,537
Performance Materials and Technologies	6,532
Safety and Productivity Solutions	3,858
	$	25,644