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CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income $ 4,424 $ 3,946
Less: Net income (loss) attributable to noncontrolling interest 29 (1)
Net income attributable to Honeywell 4,395 3,947
Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities    
Depreciation 493 494
Amortization 382 411
Gain on sale of non-strategic businesses and assets 0 (10)
Repositioning and other charges 331 714
Net payments for repositioning and other charges (323) (316)
NARCO Buyout payment (1,325) 0
Pension and other postretirement income (410) (778)
Pension and other postretirement benefit payments (25) (14)
Stock compensation expense 148 163
Deferred income taxes 168 208
Other (554) 200
Changes in assets and liabilities, net of the effects of acquisitions and divestitures    
Accounts receivable (344) (660)
Inventories (448) (390)
Other current assets 141 125
Accounts payable 96 (365)
Accrued liabilities (340) (821)
Net cash provided by operating activities 2,385 2,908
Cash flows from investing activities    
Capital expenditures (675) (525)
Proceeds from disposals of property, plant and equipment 21 11
Increase in investments (404) (834)
Decrease in investments 808 884
Receipts from Garrett Motion Inc. 0 409
Receipts (payments) from settlements of derivative contracts 212 773
Cash paid for acquisitions, net of cash acquired (716) (178)
Net cash provided by (used for) investing activities (754) 540
Cash flows from financing activities    
Proceeds from issuance of commercial paper and other short-term borrowings 10,727 5,310
Payments of commercial paper and other short-term borrowings (11,484) (5,324)
Proceeds from issuance of common stock 151 121
Proceeds from issuance of long-term debt 2,985 2
Payments of long-term debt (1,410) (1,818)
Repurchases of common stock (2,187) (2,827)
Cash dividends paid (2,144) (2,028)
Other (65) (45)
Net cash used for financing activities (3,427) (6,609)
Effect of foreign exchange rate changes on cash and cash equivalents (61) (349)
Net decrease in cash and cash equivalents (1,857) (3,510)
Cash and cash equivalents at beginning of period 9,627 10,959
Cash and cash equivalents at end of period $ 7,770 $ 7,449