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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 3,035 $ 2,909
Less: Net income attributable to noncontrolling interest 28 28
Net income attributable to Honeywell 3,007 2,881
Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities    
Depreciation 329 327
Amortization 271 240
Repositioning and other charges 137 243
Net payments for repositioning and other charges (211) (195)
NARCO Buyout payment 0 (1,325)
Pension and other postretirement income (295) (273)
Pension and other postretirement benefit payments (15) (23)
Stock compensation expense 108 109
Deferred income taxes (36) 196
Other (583) (643)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures    
Accounts receivable (149) (505)
Inventories (77) (338)
Other current assets 227 208
Accounts payable (423) 114
Accrued liabilities (471) (440)
Net cash provided by operating activities 1,819 576
Cash flows from investing activities    
Capital expenditures (492) (426)
Proceeds from disposals of property, plant and equipment 0 13
Increase in investments (468) (229)
Decrease in investments 392 632
Receipts (payments) from settlements of derivative contracts 76 (38)
Cash paid for acquisitions, net of cash acquired (4,913) (661)
Net cash used for investing activities (5,405) (709)
Cash flows from financing activities    
Proceeds from issuance of commercial paper and other short-term borrowings 6,993 8,000
Payments of commercial paper and other short-term borrowings (4,489) (7,930)
Proceeds from issuance of common stock 309 115
Proceeds from issuance of long-term debt 5,710 2,966
Payments of long-term debt (605) (1,384)
Repurchases of common stock (1,200) (1,176)
Cash dividends paid (1,446) (1,416)
Other 26 (38)
Net cash provided by (used for) financing activities 5,298 (863)
Effect of foreign exchange rate changes on cash and cash equivalents (61) (5)
Net increase (decrease) in cash and cash equivalents 1,651 (1,001)
Cash and cash equivalents at beginning of period 7,925 9,627
Cash and cash equivalents at end of period $ 9,576 $ 8,626