GOODWILL AND OTHER INTANGIBLES-NET

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS-NET

GOODWILL AND OTHER INTANGIBLE ASSETS—NET

The following table summarizes the change in the carrying amount of goodwill for the years ended December 31, 2022, and 2021, by reportable business segment:

	December 31, 2021			Acquisitions/ Divestitures			Currency Translation Adjustment			December 31, 2022
Aerospace		$	2,399		$	—		$	(23)		$	2,376
Honeywell Building Technologies		3,317			123			(102)			3,338
Performance Materials and Technologies		6,138			—			(125)			6,013
Safety and Productivity Solutions		4,961			—			(65)			4,896
Corporate and All Other		941			2			(69)			874
		$	17,756		$	125		$	(384)		$	17,497

Other intangible assets are comprised of:

	December 31, 2022									December 31, 2021
	Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
Determinable life intangibles:
Patents and technology		$	2,313		$	(1,759)		$	554		$	2,345		$	(1,678)		$	667
Customer relationships		3,989			(2,397)			1,592			4,045			(2,235)			1,810
Trademarks		371			(273)			98			356			(261)			95
Other		299			(274)			25			298			(271)			27
		6,972			(4,703)			2,269			7,044			(4,445)			2,599
Indefinite life intangibles:
Trademarks		953			—			953			1,014			—			1,014
		$	7,925		$	(4,703)		$	3,222		$	8,058		$	(4,445)		$	3,613

Intangible assets amortization expense was $333 million, $465 million, and $358 million for the years ended December 31, 2022, 2021, and 2020, respectively. Estimated intangible asset amortization expense for each of the next five years approximates $298 million in 2023, $268 million in 2024, $259 million in 2025, $234 million in 2026, and $211 million in 2027.