REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,
	2021		2020
Aerospace
Commercial Aviation Original Equipment	$	431	$	675
Commercial Aviation Aftermarket	910		1,385
Defense and Space	1,291		1,301
	2,632		3,361
Honeywell Building Technologies
Products	798		741
Building Solutions	560		540
	1,358		1,281
Performance Materials and Technologies
UOP	527		594
Process Solutions	1,096		1,151
Advanced Materials	723		652
	2,346		2,397
Safety and Productivity Solutions
Safety and Retail	743		502
Productivity Solutions and Services	343		287
Warehouse and Workflow Solutions	844		458
Advanced Sensing Technologies (formerly Sensing & Internet-of-Things)	188		177
	2,118		1,424
Net sales	$	8,454	$	8,463

The disaggregation of the Company's revenue based off timing of recognition is as follows:

	Three Months Ended March 31,
	2021		2020
Products, transferred point in time	58	%	61	%
Products, transferred over time	18		14
Net product sales	76		75
Services, transferred point in time	7		9
Services, transferred over time	17		16
Net service sales	24		25
Net sales	100	%	100	%

Contract with Customer Asset and Liability [Table Text Block]

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

	2021		2020
Contract assets - January 1	$	1,618	$	1,602
Contract assets - March 31	1,789		1,699
Change in contract assets - increase (decrease)	$	171	$	97
Contract liabilities - January 1	$	(4,033)	$	(3,501)
Contract liabilities - March 31	(3,994)		(3,506)
Change in contract liabilities - decrease (increase)	$	39	$	(5)
Net change	$	210	$	92

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

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

	March 31, 2021
Aerospace	$	9,055
Honeywell Building Technologies	6,564
Performance Materials and Technologies	7,076
Safety and Productivity Solutions	4,044
	$	26,739