SUPPLEMENTAL CASH FLOW INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

	Years Ended December 31,
	2023		2022		2021
Net payments for repositioning and other charges
Severance and exit cost payments	$	(294)	$	(275)	$	(382)
Environmental payments	(196)		(211)		(210)
Reimbursement receipts	140		140		140
Insurance receipts for asbestos-related liabilities	39		37		46
Insurance receivables settlements and write-offs	26		68		—
Asbestos-related liability payments	(174)		(271)		(286)
Total net payments for repositioning and other charges	$	(459)	$	(512)	$	(692)
Interest paid, net of amounts capitalized	$	649	$	375	$	339
Income taxes paid, net of refunds	1,581		1,324		1,202
Non-cash investing and financing activities
Common stock contributed to savings plans	216		196		191
Marketable securities contributed to non-U.S. pension plans	—		—		81
Impact of Quantinuum contribution1	—		—		460
Noncontrolling interest non-cash contribution1	—		—		419
Loan in exchange for prepaid assets	—		—		25
Receipt of Garrett Series B Preferred Stock2	—		—		577

1

See Note 2 Acquisitions and Divestitures for additional information of non-cash amounts recognized related to the combination of Honeywell Quantum Solutions and Cambridge Quantum Computing to form Quantinuum, a newly formed entity, which Honeywell consolidates as the controlling majority-owner.

2

See Note 19 Commitments and Contingencies for additional information of non-cash amounts recognized related to the receipt of 834.8 million shares of Garrett Series B Preferred Stock in exchange for the full and final satisfaction of the Garrett Indemnity, Tax Matters Agreement, and pending litigation between the Company and Garrett. The non-cash amount reflects the fair value of the Garrett Series B Preferred Stock as of April 30, 2021, the date Garrett issued the Series B Preferred Stock to the Company.