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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 1,448,000,000 $ 1,606,000,000
Less: Net income attributable to the noncontrolling interest 21,000,000 25,000,000
Net income attributable to Honeywell 1,427,000,000 1,581,000,000
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:    
Depreciation 171,000,000 153,000,000
Amortization 170,000,000 90,000,000
Gain on sale of non-strategic businesses and assets (90,000,000) 0
Repositioning and other charges 141,000,000 62,000,000
Net payments for repositioning and other charges (195,000,000) (111,000,000)
Pension and other postretirement income (293,000,000) (212,000,000)
Pension and other postretirement benefit payments (14,000,000) (14,000,000)
Stock compensation expense 77,000,000 44,000,000
Deferred income taxes 63,000,000 (58,000,000)
Other (96,000,000) (179,000,000)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts receivable 143,000,000 41,000,000
Inventories (158,000,000) (163,000,000)
Other current assets (66,000,000) 166,000,000
Accounts payable 57,000,000 (54,000,000)
Accrued liabilities (359,000,000) (407,000,000)
Net cash provided by (used for) operating activities 978,000,000 939,000,000
Cash flows from investing activities:    
Expenditures for property, plant and equipment (221,000,000) (139,000,000)
Proceeds from disposals of property, plant and equipment 14,000,000 7,000,000
Increase in investments (736,000,000) (648,000,000)
Decrease in investments 612,000,000 843,000,000
Receipts (payments) from settlements of derivative contracts 140,000,000 287,000,000
Cash paid for acquisitions, net of cash acquired (1,303,000,000) 0
Proceeds from sales of businesses, net of fees paid 190,000,000 0
Net cash provided by (used for) investing activities (1,304,000,000) 350,000,000
Cash flows from financing activities:    
Proceeds from issuance of commercial paper and other short-term borrowings 1,268,000,000 3,455,000,000
Payments of commercial paper and other short-term borrowings (1,266,000,000) (3,373,000,000)
Proceeds from issuance of common stock 67,000,000 66,000,000
Proceeds from issuance of long-term debt 23,000,000 1,127,000,000
Payments of long-term debt (817,000,000) (1,125,000,000)
Repurchases of common stock (822,000,000) (1,923,000,000)
Cash dividends paid (640,000,000) (635,000,000)
Other (30,000,000) (38,000,000)
Net cash provided by (used for) financing activities (2,217,000,000) (2,446,000,000)
Effect of foreign exchange rate changes on cash and cash equivalents (14,000,000) (189,000,000)
Net increase (decrease) in cash and cash equivalents (2,557,000,000) (1,346,000,000)
Cash and cash equivalents at beginning of period 14,275,000,000 9,067,000,000
Cash and cash equivalents at end of period $ 11,718,000,000 $ 7,721,000,000