REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation Of Revenue

See the following disaggregated revenue table and related discussions by reportable business segment for details.

	Years Ended December 31,
	2022			2021			2020
Aerospace
Commercial Aviation Original Equipment		$	2,089		$	1,720		$	1,940
Commercial Aviation Aftermarket		5,108			4,155			3,812
Defense and Space		4,630			5,151			5,792
		11,827			11,026			11,544
Honeywell Building Technologies
Products		3,638			3,173			2,967
Building Solutions		2,362			2,366			2,222
		6,000			5,539			5,189
Performance Materials and Technologies
UOP		2,404			2,348			2,177
Process Solutions		4,731			4,611			4,590
Advanced Materials		3,592			3,054			2,656
		10,727			10,013			9,423
Safety and Productivity Solutions
Sensing and Safety Technologies		2,952			3,260			3,246
Productivity Solutions and Services		1,619			1,614			1,273
Warehouse and Workflow Solutions		2,336			2,940			1,962
		6,907			7,814			6,481
Corporate and All Other		5			—			—
Net sales		$	35,466		$	34,392		$	32,637

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

	Years Ended December 31,
	2022			2021			2020
Products, transferred point in time		59	%		58	%		61	%
Products, transferred over time		14			17			15
Net product sales		73			75			76
Services, transferred point in time		8			8			8
Services, transferred over time		19			17			16
Net service sales		27			25			24
Net sales		100	%		100	%		100	%

Contract with Customer, Asset and Liability

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

	2022			2021
Contract assets—January 1		$	2,060		$	1,618
Contract assets—December 31		2,294			2,060
Change in contract assets—increase (decrease)		$	234		$	442
Contract liabilities—January 1		$	(4,290)		$	(4,033)
Contract liabilities—December 31		(4,583)			(4,290)
Change in contract liabilities—(increase) decrease		$	(293)		$	(257)
Net change		$	(59)		$	185

Revenue Remaining Performance Obligation Expected Timing Of Satisfaction

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

	December 31, 2022
Aerospace		$	11,607
Honeywell Building Technologies		6,991
Performance Materials and Technologies		8,111
Safety and Productivity Solutions		2,844
Corporate and All Other(1)		5
Total performance obligations(2)		$	29,558

(1)    The remaining performance obligations within Corporate and All Other relate to the Quantinuum business.

(2)    Effective March 31, 2022, performance obligations excludes contracts with customers related to Russia as collectability is not reasonably assured.