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DEBT AND CREDIT AGREEMENTS
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
DEBT AND CREDIT AGREEMENTS DEBT AND CREDIT AGREEMENTS
 March 31, 2025December 31, 2024
1.35% notes due 2025
$1,250 $1,250 
2.50% notes due 2026
1,500 1,500 
1.10% notes due 2027
1,000 1,000 
3.50% euro notes due 2027
702 675 
4.65% notes due 2027
1,150 1,150 
4.95% notes due 2028
500 500 
2.25% euro notes due 2028
809 779 
4.25% notes due 2029
750 750 
2.70% notes due 2029
750 750 
4.875% notes due 2029
500 500 
4.70% notes due 2030
1,000 1,000 
3.375% euro notes due 2030
809 779 
1.95% notes due 2030
1,000 1,000 
4.95% notes due 2031
500 500 
1.75% notes due 2031
1,500 1,500 
4.75% notes due 2032
650 650 
0.75% euro notes due 2032
540 519 
3.75% euro notes due 2032
540 519 
5.00% notes due 2033
1,100 1,100 
4.50% notes due 2034
1,000 1,000 
4.125% euro notes due 2034
1,079 1,039 
5.00% notes due 2035
1,450 1,450 
3.75% euro notes due 2036
809 779 
5.70% notes due 2036
441 441 
5.70% notes due 2037
462 462 
5.375% notes due 2041
417 417 
3.812% notes due 2047
442 442 
2.80% notes due 2050
750 750 
5.25% notes due 2054
1,750 1,750 
5.35% notes due 2064
650 650 
4.37% Term Loan due 2027
1,000 1,000 
6.625% debentures due 2028
201 201 
9.065% debentures due 2033
51 51 
Industrial development bond obligations, floating rate maturing at various dates through 2037
22 22 
Other (including finance leases), 3.7% weighted average interest rate maturing at various dates through 2031
410 390 
Fair value of hedging instruments(112)(136)
Debt issuance costs(296)(303)
Total Long-term debt and current related maturities27,076 26,826 
Less: Current maturities of long-term debt1,332 1,347 
Total Long-term debt$25,744 $25,479 
Commercial Paper and Other Short-Term Borrowings
As of March 31, 2025, the Company had $5.8 billion of Commercial paper and other short-term borrowings outstanding at a weighted average interest rate of 4.10%. As of December 31, 2024, the Company had $4.3 billion of Commercial paper and other short-term borrowings outstanding at a weighted average interest rate of 4.22%.
Revolving Credit Agreements
On March 17, 2025, the Company entered into a $3.0 billion 364-day credit agreement (the 364-Day Credit Agreement). The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of March 18, 2024, which was terminated in accordance with its terms effective March 17, 2025. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 16, 2026, unless (i) Honeywell elects to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on March 16, 2027, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 364-Day Credit Agreement is maintained for general corporate purposes.
The Company also has a $4.0 billion amended and restated five-year credit agreement dated as of March 18, 2024 (the Five-Year Credit Agreement) that is maintained for general corporate purposes. Commitments under the Five-Year Credit Agreement can be increased pursuant to the terms of the Five-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion.
As of March 31, 2025, there were no outstanding borrowings under the 364-Day Credit Agreement or the Five-Year Credit Agreement.