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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 4,967 $ 5,610 $ 4,865
Less: Net income attributable to the noncontrolling interest 1 68 86
Net income attributable to Honeywell 4,966 5,542 4,779
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:      
Depreciation 657 674 644
Amortization 547 549 358
(Gain) loss on sale of non-strategic businesses and assets (22) (102) 3
Repositioning and other charges 1,266 569 575
Net payments for repositioning and other charges (512) (692) (833)
Pension and other postretirement income (510) (1,114) (798)
Pension and other postretirement benefit payments (23) (43) (47)
Stock compensation expense 188 217 168
Deferred income taxes (180) 178 (175)
Reimbursement receivables charge 0 0 509
Other (358) (28) (338)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:      
Accounts receivable (739) (8) 669
Inventories (440) (685) (67)
Other current assets 232 (276) 191
Accounts payable (155) 744 15
Accrued liabilities 357 513 555
Net cash provided by operating activities 5,274 6,038 6,208
Cash flows from investing activities:      
Expenditures for property, plant and equipment (766) (895) (906)
Proceeds from disposals of property, plant and equipment 29 27 57
Increase in investments (1,211) (2,373) (3,236)
Decrease in investments 1,255 2,525 3,508
Receipts from Garrett Motion Inc. 409 586 0
Receipts (payments) from settlements of derivative contracts 369 192 (149)
Cash paid for acquisitions, net of cash acquired (178) (1,326) (261)
Proceeds from sales of businesses, net of fees paid 0 203 0
Net cash used for investing activities (93) (1,061) (987)
Cash flows from financing activities:      
Proceeds from issuance of commercial paper and other short-term borrowings 7,661 5,194 10,474
Payments of commercial paper and other short-term borrowings (8,447) (5,190) (10,400)
Proceeds from issuance of common stock 320 229 393
Proceeds from issuance of long-term debt 2,953 2,517 10,125
Payments of long-term debt (1,850) (4,917) (4,308)
Repurchases of common stock (4,200) (3,380) (3,714)
Cash dividends paid (2,719) (2,626) (2,592)
Other (48) (81) (59)
Net cash used for financing activities (6,330) (8,254) (81)
Effect of foreign exchange rate changes on cash and cash equivalents (183) (39) 68
Net increase (decrease) in cash and cash equivalents (1,332) (3,316) 5,208
Cash and cash equivalents at beginning of period 10,959 14,275 9,067
Cash and cash equivalents at end of period $ 9,627 $ 10,959 $ 14,275