XML 67 R40.htm IDEA: XBRL DOCUMENT v3.25.1
COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Loss Contingency
The following table summarizes information concerning the Company's recorded liabilities for environmental costs:
Balance at December 31, 2024
$678 
Accruals for environmental matters deemed probable and reasonably estimable106 
Environmental liability payments(37)
Balance at March 31, 2025
$747 
Environmental Liabilities are Included in the Following Balance Sheet Accounts
Environmental liabilities are included in the following balance sheet accounts:
March 31, 2025December 31, 2024
Accrued liabilities$244 $244 
Other liabilities503 434 
Total environmental liabilities$747 $678 
Asbestos Related Liabilities
December 31, 2024$1,482 
Accrual for update to estimated liability12 
Change in estimated cost of future claims
Asbestos-related liability payments(60)
March 31, 2025$1,439 
Insurance Recoveries for Asbestos Related Liabilities
December 31, 2024$110 
Insurance receipts for asbestos-related liabilities(4)
March 31, 2025$106 
Bendix Asbestos Related Balances are Included in the Following Balance Sheet Accounts
Bendix asbestos-related balances are included in the following balance sheet accounts:
March 31, 2025December 31, 2024
Other current assets$14 $14 
Insurance recoveries for asbestos-related liabilities92 96 
Total insurance recoveries for asbestos-related liabilities$106 $110 
Accrued liabilities$156 $157 
Asbestos-related liabilities1,283 1,325 
Total asbestos-related liabilities$1,439 $1,482 
Bendix Related Asbestos Claims Activity The following tables present information regarding Bendix-related asbestos claims activity:
Three Months Ended
March 31,
Year Ended December 31,
20252024
Claims unresolved at the beginning of period4,950 5,517 
Claims filed383 1,617 
Claims resolved(379)(2,184)
Claims unresolved at the end of period4,954 4,950 
Disease Distribution of Claims
Disease Distribution of Unresolved ClaimsMarch 31, 2025December 31, 2024
Mesothelioma and other cancer claims2,974 2,923 
Nonmalignant claims1,980 2,027 
Total claims4,954 4,950 
Average Resolution Values per Asbestos Claim
Honeywell experienced average resolution values per claim excluding legal costs as follows:
 Years Ended December 31,
 20242023202220212020
 (in whole dollars)
Mesothelioma and other cancer claims$79,900 $66,200 $59,200 $56,000 $61,500 
Nonmalignant claims1,100 1,730 520 400 550