XML 76 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income $ 5,672 $ 4,967 $ 5,610
Less: Net income attributable to noncontrolling interest 14 1 68
Net income attributable to Honeywell 5,658 4,966 5,542
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities      
Depreciation 659 657 674
Amortization 517 547 549
Gain on sale of non-strategic businesses and assets (5) (22) (102)
Repositioning and other charges 860 1,266 569
Net payments for repositioning and other charges (459) (512) (692)
NARCO Buyout payment (1,325) 0 0
Pension and other postretirement income (406) (510) (1,114)
Pension and other postretirement benefit payments (38) (23) (43)
Stock compensation expense 202 188 217
Deferred income taxes 153 (180) 178
Other (837) (358) (28)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures      
Accounts receivable (42) (739) (8)
Inventories (626) (440) (685)
Other current assets 17 232 (276)
Accounts payable 518 (155) 744
Accrued liabilities 494 357 513
Net cash provided by operating activities 5,340 5,274 6,038
Cash flows from investing activities      
Capital expenditures (1,039) (766) (895)
Proceeds from disposals of property, plant and equipment 43 29 27
Increase in investments (560) (1,211) (2,373)
Decrease in investments 971 1,255 2,525
Receipts from Garrett Motion Inc. 0 409 586
Receipts (payments) from settlements of derivative contracts 6 369 192
Cash paid for acquisitions, net of cash acquired (718) (178) (1,326)
Proceeds from sales of businesses, net of fees paid 4 0 203
Net cash used for investing activities (1,293) (93) (1,061)
Cash flows from financing activities      
Proceeds from issuance of commercial paper and other short-term borrowings 12,991 7,661 5,194
Payments of commercial paper and other short-term borrowings (13,663) (8,447) (5,190)
Proceeds from issuance of common stock 196 320 229
Proceeds from issuance of long-term debt 2,986 2,953 2,517
Payments of long-term debt (1,731) (1,850) (4,917)
Repurchases of common stock (3,715) (4,200) (3,380)
Cash dividends paid (2,855) (2,719) (2,626)
Other 28 (48) (81)
Net cash used for financing activities (5,763) (6,330) (8,254)
Effect of foreign exchange rate changes on cash and cash equivalents 14 (183) (39)
Net decrease in cash and cash equivalents (1,702) (1,332) (3,316)
Cash and cash equivalents at beginning of period 9,627 10,959 14,275
Cash and cash equivalents at end of period $ 7,925 $ 9,627 $ 10,959