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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 1,134 $ 1,448
Less: Net income attributable to the noncontrolling interest 0 21
Net income attributable to Honeywell 1,134 1,427
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:    
Depreciation 167 171
Amortization 163 170
Gain on sale of non-strategic businesses and assets 0 (90)
Repositioning and other charges 387 141
Net payments for repositioning and other charges (108) (195)
Pension and other postretirement income (261) (293)
Pension and other postretirement benefit payments (14) (14)
Stock compensation expense 60 77
Deferred income taxes 21 63
Other (67) (96)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts receivable (285) 143
Inventories (331) (158)
Other current assets (29) (66)
Accounts payable (199) 57
Accrued liabilities (602) (359)
Net cash provided by operating activities 36 978
Cash flows from investing activities:    
Expenditures for property, plant and equipment (183) (221)
Proceeds from disposals of property, plant and equipment 10 14
Increase in investments (223) (736)
Decrease in investments 304 612
Receipts from Garrett Motion Inc. 197 0
Receipts (payments) from settlements of derivative contracts 61 140
Cash paid for acquisitions, net of cash acquired (176) (1,303)
Proceeds from sales of businesses, net of fees paid 0 190
Net cash used for investing activities (10) (1,304)
Cash flows from financing activities:    
Proceeds from issuance of commercial paper and other short-term borrowings 1,228 1,268
Payments of commercial paper and other short-term borrowings (1,228) (1,266)
Proceeds from issuance of common stock 23 67
Proceeds from issuance of long-term debt 1 23
Payments of long-term debt (40) (817)
Repurchases of common stock (1,018) (822)
Cash dividends paid (668) (640)
Other (17) (30)
Net cash used for financing activities (1,719) (2,217)
Effect of foreign exchange rate changes on cash and cash equivalents 15 (14)
Net increase (decrease) in cash and cash equivalents (1,678) (2,557)
Cash and cash equivalents at beginning of period 10,959 14,275
Cash and cash equivalents at end of period $ 9,281 $ 11,718