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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net income $ 4,450 $ 4,424
Less: Net income attributable to noncontrolling interest 30 29
Net income attributable to Honeywell 4,420 4,395
Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities    
Depreciation 500 493
Amortization 457 382
Impairment of assets held for sale 125 0
Repositioning and other charges 189 331
Net payments for repositioning and other charges (329) (323)
NARCO Buyout payment 0 (1,325)
Pension and other postretirement income (443) (410)
Pension and other postretirement benefit payments (25) (25)
Stock compensation expense 153 148
Deferred income taxes (46) 168
Other (641) (554)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures    
Accounts receivable (218) (344)
Inventories (233) (448)
Other current assets 195 141
Accounts payable (142) 96
Accrued liabilities (146) (340)
Net cash provided by operating activities 3,816 2,385
Cash flows from investing activities    
Capital expenditures (771) (675)
Proceeds from disposals of property, plant and equipment 0 21
Increase in investments (698) (404)
Decrease in investments 564 808
Receipts (payments) from settlements of derivative contracts (250) 212
Cash paid for acquisitions, net of cash acquired (7,047) (716)
Net cash used for investing activities (8,202) (754)
Cash flows from financing activities    
Proceeds from issuance of commercial paper and other short-term borrowings 9,516 10,727
Payments of commercial paper and other short-term borrowings (8,477) (11,484)
Proceeds from issuance of common stock 349 151
Proceeds from issuance of long-term debt 10,407 2,985
Payments of long-term debt (1,381) (1,410)
Repurchases of common stock (1,200) (2,187)
Cash dividends paid (2,161) (2,144)
Other 5 (65)
Net cash provided by (used for) financing activities 7,058 (3,427)
Effect of foreign exchange rate changes on cash and cash equivalents 47 (61)
Net increase (decrease) in cash and cash equivalents 2,719 (1,857)
Cash and cash equivalents at beginning of period 7,925 9,627
Cash and cash equivalents at end of period $ 10,644 $ 7,770