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CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 3,946 $ 4,168
Less: Net income (loss) attributable to the noncontrolling interest (1) 54
Net income attributable to Honeywell 3,947 4,114
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:    
Depreciation 494 506
Amortization 411 427
Gain on sale of non-strategic businesses and assets (10) (95)
Repositioning and other charges 714 338
Net payments for repositioning and other charges (316) (505)
Pension and other postretirement income (778) (862)
Pension and other postretirement benefit payments (14) (29)
Stock compensation expense 163 172
Deferred income taxes 208 189
Other 200 (106)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts receivable (660) (419)
Inventories (390) (516)
Other current assets 125 (324)
Accounts payable (365) 379
Accrued liabilities (821) 106
Net cash provided by operating activities 2,908 3,375
Cash flows from investing activities:    
Expenditures for property, plant and equipment (525) (614)
Proceeds from disposals of property, plant and equipment 11 18
Increase in investments (834) (1,989)
Decrease in investments 884 1,906
Receipts from Garrett Motion Inc. 409 375
Receipts from settlements of derivative contracts 773 88
Cash paid for acquisitions, net of cash acquired (178) (1,334)
Proceeds from sales of businesses, net of fees paid 0 203
Net cash provided by (used for) investing activities 540 (1,347)
Cash flows from financing activities:    
Proceeds from issuance of commercial paper and other short-term borrowings 5,310 3,640
Payments of commercial paper and other short-term borrowings (5,324) (3,637)
Proceeds from issuance of common stock 121 171
Proceeds from issuance of long-term debt 2 2,509
Payments of long-term debt (1,818) (3,355)
Repurchases of common stock (2,827) (2,499)
Cash dividends paid (2,028) (1,950)
Other (45) (74)
Net cash used for financing activities (6,609) (5,195)
Effect of foreign exchange rate changes on cash and cash equivalents (349) (21)
Net decrease in cash and cash equivalents (3,510) (3,188)
Cash and cash equivalents at beginning of period 10,959 14,275
Cash and cash equivalents at end of period $ 7,449 $ 11,087