Honeywell International (HON) 10-Q25 Apr 242024 Q1 Quarterly reportFinancial data

Company Profile

COVER

COVER	3 Months Ended
COVER	Mar. 31, 2024 shares
Entity Listings [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	1-8974
Entity Registrant Name	Honeywell International Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-2640650
Entity Address, Address Line One	855 South Mint Street
Entity Address, City or Town	Charlotte,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28202
City Area Code	(704)
Local Phone Number	627-6200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	651,185,513
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Central Index Key	0000773840
Current Fiscal Year End Date	--12-31
Common stock, par value
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $1 per share
Trading Symbol	HON
Security Exchange Name	NASDAQ
3.500% Senior Notes due 2027
Entity Listings [Line Items]
Title of 12(b) Security	3.500% Senior Notes due 2027
Trading Symbol	HON 27
Security Exchange Name	NASDAQ
2.250% Senior Notes due 2028
Entity Listings [Line Items]
Title of 12(b) Security	2.250% Senior Notes due 2028
Trading Symbol	HON 28A
Security Exchange Name	NASDAQ
3.375% Euro notes due 2030
Entity Listings [Line Items]
Title of 12(b) Security	3.375% Senior Notes due 2030
Trading Symbol	HON 30
Security Exchange Name	NASDAQ
0.750% Senior Notes due 2032
Entity Listings [Line Items]
Title of 12(b) Security	0.750% Senior Notes due 2032
Trading Symbol	HON 32
Security Exchange Name	NASDAQ
3.750% Senior Notes due 2032
Entity Listings [Line Items]
Title of 12(b) Security	3.750% Senior Notes due 2032
Trading Symbol	HON 32A
Security Exchange Name	NASDAQ
4.125% Senior Notes due 2034
Entity Listings [Line Items]
Title of 12(b) Security	4.125% Senior Notes due 2034
Trading Symbol	HON 34
Security Exchange Name	NASDAQ
3.75% Euro notes due 2036
Entity Listings [Line Items]
Title of 12(b) Security	3.750% Senior Notes due 2036
Trading Symbol	HON 36
Security Exchange Name	NASDAQ

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net sales	$ 9,105	$ 8,864
Costs, expenses and other
Costs of products and services sold	5,583	5,498
Research and development expenses	360	357
Selling, general and administrative expenses	1,302	1,317
Other (Income) Expense	(231)	(260)
Interest and other financial charges	220	170
Total costs, expenses and other	7,234	7,082
Income before taxes	1,871	1,782
Tax expense	396	374
Net income	1,475	1,408
Less: Net income attributable to noncontrolling interest	12	14
Net income attributable to Honeywell	$ 1,463	$ 1,394
Earnings per share of common stock - basic (in dollars per share)	$ 2.24	$ 2.09
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 2.23	$ 2.07
Product
Net sales	$ 6,263	$ 6,310
Costs, expenses and other
Costs of products and services sold	4,035	4,068
Service
Net sales	2,842	2,554
Costs, expenses and other
Costs of products and services sold	$ 1,548	$ 1,430

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,475	$ 1,408
Other comprehensive income (loss), net of tax
Foreign exchange translation adjustment	54	(58)
Pension and other postretirement benefit adjustments	(5)	(12)
Changes in fair value of available for sale investments	0	(6)
Cash flow hedges recognized in other comprehensive income (loss)	18	16
Less: Reclassification adjustment for gains (losses) included in net income	4	2
Changes in fair value of cash flow hedges	14	14
Other comprehensive income (loss), net of tax	63	(62)
Comprehensive income	1,538	1,346
Less: Comprehensive income (loss) attributable to the noncontrolling interest	(12)	15
Comprehensive income attributable to Honeywell	$ 1,550	$ 1,331

CONSOLIDATED BALANCE SHEET (Una

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 11,756	$ 7,925
Short-term investments	249	170
Accounts receivable, less allowances of $324 and $323, respectively	7,476	7,530
Inventories	6,318	6,178
Other current assets	1,635	1,699
Total current assets	27,434	23,502
Investments and long-term receivables	975	939
Property, plant and equipment—net	5,698	5,660
Goodwill	17,985	18,049
Other intangible assets—net	3,136	3,231
Insurance recoveries for asbestos-related liabilities	164	170
Deferred income taxes	374	392
Other assets	9,879	9,582
Total assets	65,645	61,525
Current liabilities
Accounts payable	6,468	6,849
Commercial paper and other short-term borrowings	1,819	2,085
Current maturities of long-term debt	1,254	1,796
Accrued liabilities	6,947	7,809
Total current liabilities	16,488	18,539
Long-term debt	22,183	16,562
Deferred income taxes	2,063	2,094
Postretirement benefit obligations other than pensions	129	134
Asbestos-related liabilities	1,467	1,490
Other liabilities	6,263	6,265
Redeemable noncontrolling interest	7	7
SHAREOWNERS’ EQUITY
Capital—common stock issued	958	958
Capital - additional paid in capital	9,353	9,062
Common stock held in treasury, at cost	(38,544)	(38,008)
Accumulated other comprehensive income (loss)	(4,048)	(4,135)
Retained earnings	48,735	47,979
Total Honeywell shareowners’ equity	16,454	15,856
Noncontrolling interest	591	578
Total shareowners’ equity	17,045	16,434
Total liabilities, redeemable noncontrolling interest and shareowners’ equity	$ 65,645	$ 61,525

CONSOLIDATED BALANCE SHEET (U_2

CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 324	$ 323

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net income	$ 1,475	$ 1,408
Less: Net income attributable to noncontrolling interest	12	14
Net income attributable to Honeywell	1,463	1,394
Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities
Depreciation	166	161
Amortization	125	122
Repositioning and other charges	93	141
Net payments for repositioning and other charges	(124)	(41)
NARCO Buyout payment	0	(1,325)
Pension and other postretirement income	(151)	(136)
Pension and other postretirement benefit payments	(8)	(15)
Stock compensation expense	53	59
Deferred income taxes	3	225
Other	(163)	(350)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures
Accounts receivable	53	(422)
Inventories	(140)	(238)
Other current assets	64	110
Accounts payable	(381)	114
Accrued liabilities	(605)	(583)
Net cash provided by (used for) operating activities	448	(784)
Cash flows from investing activities
Capital expenditures	(233)	(193)
Proceeds from disposals of property, plant and equipment	0	11
Increase in investments	(238)	(226)
Decrease in investments	155	386
Receipts (payments) from settlements of derivative contracts	43	(7)
Net cash used for investing activities	(273)	(29)
Cash flows from financing activities
Proceeds from issuance of commercial paper and other short-term borrowings	2,223	4,105
Payments of commercial paper and other short-term borrowings	(2,470)	(3,294)
Proceeds from issuance of common stock	144	37
Proceeds from issuance of long-term debt	5,710	0
Payments of long-term debt	(573)	(1,363)
Repurchases of common stock	(671)	(699)
Cash dividends paid	(703)	(725)
Other	36	(34)
Net cash provided by (used for) financing activities	3,696	(1,973)
Effect of foreign exchange rate changes on cash and cash equivalents	(40)	28
Net increase (decrease) in cash and cash equivalents	3,831	(2,758)
Cash and cash equivalents at beginning of period	7,925	9,627
Cash and cash equivalents at end of period	$ 11,756	$ 6,869

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREOWNERS' EQUITY (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common stock, par value	Additional paid-in capital	Treasury stock	Retained earnings	Accumulated other comprehensive income (loss)	Noncontrolling interest
Beginning balance at Dec. 31, 2022			$ 8,564	$ (34,443)	$ 45,093	$ (3,475)	$ 622
Treasury stock, beginning balance (in shares) at Dec. 31, 2022				(290)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(3.5)
Reacquired stock or repurchases of common stock				$ (699)
Issued for employee savings and option plans (in shares)				1.6
Issued for employee savings and option plans			151	$ 70
Stock compensation expense			59
Impact of Quantinuum contribution			0
Net income attributable to Honeywell	$ 1,394				1,394
Dividends on common stock					(690)
Net income attributable to noncontrolling interest	(14)						14
Foreign exchange translation adjustment	(58)					(59)	1
Pension and other postretirement benefit adjustments	(12)					(12)
Changes in fair value of available for sale investments						(6)
Changes in fair value of cash flow hedges	14					14
Dividends paid							(41)
Contributions from noncontrolling interest holders							0
Treasury stock, ending balance (in shares) at Mar. 31, 2023				(291.9)
Ending balance at Mar. 31, 2023	$ 17,515	$ 958	8,774	$ (35,072)	45,797	(3,538)	596
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 1.03
Common stock, par value (in shares)	665.7	957.6
Total shareowners' equity (in shares)	665.7	957.6
Beginning balance at Dec. 31, 2023	$ 16,434		9,062	$ (38,008)	47,979	(4,135)	578
Treasury stock, beginning balance (in shares) at Dec. 31, 2023				(305.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reacquired stock or repurchases of common stock (in shares)				(3.4)
Reacquired stock or repurchases of common stock				$ (671)
Issued for employee savings and option plans (in shares)				2.8
Issued for employee savings and option plans			202	$ 135
Stock compensation expense			53
Impact of Quantinuum contribution			36
Net income attributable to Honeywell	1,463				1,463
Dividends on common stock					(707)
Net income attributable to noncontrolling interest	(12)						12
Foreign exchange translation adjustment	54					78	(24)
Pension and other postretirement benefit adjustments	(5)					(5)
Changes in fair value of available for sale investments						0
Changes in fair value of cash flow hedges	14					14
Dividends paid							(4)
Contributions from noncontrolling interest holders							29
Treasury stock, ending balance (in shares) at Mar. 31, 2024				(306.4)
Ending balance at Mar. 31, 2024	$ 17,045	$ 958	$ 9,353	$ (38,544)	$ 48,735	$ (4,048)	$ 591
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per share of common stock (in dollars per share)	$ 1.08
Common stock, par value (in shares)	651.2	957.6
Total shareowners' equity (in shares)	651.2	957.6

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION In the opinion of management, the accompanying unaudited Consolidated Financial Statements reflect all adjustments necessary to present fairly the financial position, results of operations, cash flows, and shareowners' equity of Honeywell International Inc. and its consolidated subsidiaries (Honeywell or the Company) for the periods presented. The interim results of operations and cash flows should not necessarily be taken as indicative of the entire year. Honeywell reports its quarterly financial information using a calendar convention; the first, second, and third quarters are consistently reported as ending on March 31, June 30, and September 30, respectively. It is Honeywell's practice to establish actual quarterly closing dates using a predetermined fiscal calendar, which requires Honeywell's businesses to close their books on a Saturday in order to minimize the potentially disruptive effects of quarterly closing on the Company's business processes. The effects of this practice are generally not significant to reported results for any quarter and only exist within a reporting year. In the event differences in actual closing dates are material to year-over-year comparisons of quarterly or year-to-date results, Honeywell will provide appropriate disclosures. Honeywell's actual closing dates for the three months ended March 31, 2024, and 2023, were March 30, 2024, and April 1, 2023, respectively.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of the Company are set forth in Note 1 Summary of Significant Accounting Policies of Notes to Consolidated Financial Statements in the Company’s 2023 Annual Report on Form 10-K. The Company includes herein certain updates to those policies. RECLASSIFICATIONS Certain prior year amounts are reclassified to conform to the current year presentation. During the first quarter of 2024, the Company realigned certain of its business units as reflected in Note 18 Segment Financial Data, which impacted the composition of its reportable segments. The Company recast historical periods to reflect this change in segment presentation. SUPPLY CHAIN FINANCING Amounts outstanding related to supply chain financing programs are included in Accounts payable in the Consolidated Balance Sheet. Accounts payable included approximately $1,029 million and $1,112 million as of March 31, 2024, and December 31, 2023, respectively. The impact of these programs is not material to the Company's overall liquidity. RECENT ACCOUNTING PRONOUNCEMENTS The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's Consolidated Financial Statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures , which requires greater disaggregation of income tax disclosures. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU should be applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires companies to enhance the disclosures about segment expenses. The new standard requires the disclosure of the Company’s Chief Operating Decision Maker (CODM), expanded incremental line-item disclosures of significant segment expenses used by the CODM for decision-making, and the inclusion of previous annual only segment disclosure requirements on a quarterly basis. This ASU should be applied retrospectively for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations , to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU is effective on January 1, 2023, except for the rollforward, which is effective on January 1, 2024, for annual disclosures. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope , to expand the scope of this guidance to include derivatives. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 , which extends the period of time entities can utilize the reference rate reform relief guidance under ASU 2020-04 from December 31, 2022, to December 31, 2024. The Company will apply the guidance to impacted transactions during the transition period. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements.

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	3 Months Ended
ACQUISITIONS AND DIVESTITURES	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS AND DIVESTITURES	ACQUISITIONS AND DIVESTITURES ACQUISITIONS On March 27, 2024, the Company announced its intention to acquire Civitanavi Systems S.p.A. in an all-cash transaction for approximately €200 million. The transaction is not subject to any financing condition but is subject to regulatory review and approval, the tender into the offer of at least 95% of Civitanavi Systems S.p.A.’s outstanding shares, and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024 and the business will be reported within the Aerospace Technologies reportable business segment. On December 8, 2023, the Company agreed to acquire Carrier Global Corporation's Global Access Solutions business in an all-cash transaction for $5.0 billion. The transaction is subject to regulatory review and approval and customary closing conditions. The transaction is expected to close by the end of the third quarter of 2024, and the business will be reported within the Building Automation reportable business segment. On August 25, 2023, the Company acquired 100% of the outstanding equity interests of SCADAfence, a provider of operational technology and Internet of Things cybersecurity solutions for monitoring large scale networks, for total consideration of $52 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with SCADAfence are included in the Consolidated Balance Sheet as of March 31, 2024, including $17 million of intangible assets and $42 million of goodwill, which is not deductible for tax purposes. The purchase accounting is subject to final adjustment, primarily for the value of intangible assets, amounts allocated to goodwill, and tax balances. On June 30, 2023, the Company acquired 100% of the outstanding equity interests of Compressor Controls Corporation, a turbomachinery services and controls company based in the United States, for total cash consideration of $673 million, net of cash acquired. The business is included in the Industrial Automation reportable business segment. The assets and liabilities acquired with Compressor Controls Corporation are included in the Consolidated Balance Sheet as of March 31, 2024, including $282 million of intangible assets and $350 million allocated to goodwill, which is deductible for tax purposes. The identifiable intangible assets primarily include customer relationships amortized over an estimated life of 15 years using an excess earnings amortization method. The purchase accounting is subject to final adjustment, primarily for the valuation of intangible assets, amounts allocated to goodwill, and tax balances. DIVESTITURES

REVENUE RECOGNITION AND CONTRAC

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS	3 Months Ended
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS	REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS The Company has a comprehensive offering of products and services, including software and technologies, that are sold to a variety of customers in multiple end markets. See the following disaggregated revenue table and related discussions by reportable business segment for details: Three Months Ended March 31, 2024 2023 Aerospace Technologies Commercial Aviation Original Equipment $ 674 $ 541 Commercial Aviation Aftermarket 1,659 1,423 Defense and Space 1,336 1,147 Net Aerospace Technologies sales 3,669 3,111 Industrial Automation Sensing and Safety Technologies 633 690 Productivity Solutions and Services 322 361 Process Solutions 1,313 1,288 Warehouse and Workflow Solutions 210 464 Net Industrial Automation sales 2,478 2,803 Building Automation Products 813 908 Building Solutions 613 579 Net Building Automation sales 1,426 1,487 Energy and Sustainability Solutions UOP 577 565 Advanced Materials 948 896 Net Energy and Sustainability Solutions sales 1,525 1,461 Corporate and All Other 7 2 Net sales $ 9,105 $ 8,864 Aerospace Technologies – A global supplier of products, software, and services for aircrafts that it sells to original equipment manufacturers (OEM) and other customers in a variety of end markets including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, and defense and space contractors. Aerospace Technologies products and services include auxiliary power units, propulsion engines, environmental control systems, integrated avionics, wireless connectivity services, electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, management and technical services, advanced systems and instruments, satellite and space components, aircraft wheels and brakes, and thermal systems. Aerospace Technologies also provides spare parts, repair, overhaul, and maintenance services (principally to aircraft operators), and sells licenses or intellectual property to other parties. Honeywell Forge solutions enable customers to turn data into predictive maintenance and predictive analytics to enable better fleet management and make flight operations more efficient. Industrial Automation – A global provider of industrial automation solutions that deliver intelligent, sustainable, and secure operations for customers in oil and gas, petrochemicals, life sciences, metals and mining, and warehouse and logistics segments. With millions of installed assets, Industrial Automation deploys outcome-based solutions to increase asset utilization; improve operational efficiency and labor productivity; reduce carbon emissions with less energy consumption; and enhance cyber security for critical infrastructure and operational assets. Industrial Automation offerings include automation control and instrumentation products and services; smart energy products; sensing technologies with an array of custom-engineered sensors and services; gas detection technologies and personal protective equipment; and system design, advanced automation equipment, software and analytics for manufacturing, distribution and fulfillment operations. These products and services are combined with proprietary machine learning and artificial intelligence algorithms in products and projects which are digitally enabled through our industry leading industrial Internet of Things (IoT) platform, Honeywell Forge. Building Automation – A global provider of products, software, solutions, and technologies that enable building owners and occupants to ensure their facilities are safe, energy efficient, sustainable, and productive. Building Automation products and services include advanced software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and upgrades of systems. Honeywell Forge solutions enable customers to digitally manage buildings, connecting data from different assets to enable smart maintenance, improve building performance, and even protect from incoming security threats. Energy and Sustainability Solutions – A global provider of industry leading technology, processing, and licensing capabilities combined with material science capabilities and innovative chemistry to offer focused solutions that are integral to facilitating the world's energy transition. The reportable business segment is comprised of UOP and Advanced Materials business units. The UOP business provides sustainable aviation fuels, petrochemical and refining technologies, and carbon management solutions across multiple sectors through process technology solutions, products, including catalysts and adsorbents, equipment and aftermarket services. The Advanced Materials business provides customers with its Solstice lower global warming potential refrigeration and heating solutions, Spectra fibers for high end protective armor and medical applications, and leading-edge semiconductor materials. Honeywell Forge solutions serve customer asset productivity and efficiency needs by providing connectivity, data integration, and software solutions to generate a holistic view of their operations. Corporate and All Other – Corporate and All Other includes revenue from Honeywell's majority-owned investment in Quantinuum. Through Quantinuum, Honeywell provides a wide range of service offerings of fully integrated quantum computing hardware and software solutions. For a summary by disaggregated product and services sales for each reportable business segment, refer to Note 18 Segment Financial Data. The Company recognizes revenue arising from performance obligations outlined in contracts with its customers that are satisfied at a point in time and over time. The disaggregation of the Company's revenue based off timing of recognition is as follows: Three Months Ended March 31, 2024 2023 Products, transferred point in time 58 % 58 % Products, transferred over time 11 13 Net product sales 69 71 Services, transferred point in time 5 9 Services, transferred over time 26 20 Net service sales 31 29 Net sales 100 % 100 % CONTRACT BALANCES The Company tracks progress on satisfying performance obligations under contracts with customers. The related billings and cash collections are recorded in the Consolidated Balance Sheet in Accounts receivable—net and Other assets (unbilled receivables (contract assets) and billed receivables), and Accrued liabilities and Other liabilities (customer advances and deposits (contract liabilities)). Unbilled receivables arise when the timing of cash collected from customers differs from the timing of revenue recognition, such as when contract provisions require specific milestones to be met before a customer can be billed. Contract assets are recognized when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Contract liabilities are recorded when customers remit contractual cash payments in advance of the Company satisfying performance obligations under contractual arrangements, including those with performance obligations to be satisfied over a period of time. Contract liabilities are derecognized when revenue is recorded, either when a milestone is met triggering the contractual right to bill or when the performance obligation is satisfied. Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period. The following table summarizes the Company's contract assets and liabilities balances: 2024 2023 Contract assets—January 1 $ 2,013 $ 2,294 Contract assets—March 31 1,939 2,453 Change in contract assets—increase (decrease) $ (74) $ 159 Contract liabilities—January 1 $ (4,326) $ (4,583) Contract liabilities—March 31 (4,005) (4,291) Change in contract liabilities—decrease (increase) $ 321 $ 292 Net change $ 247 $ 451 For the three months ended March 31, 2024, and 2023, the Company recognized revenue of $993 million and $953 million, respectively, that was previously included in the beginning balance of contract liabilities. Contract assets included $1,869 million and $1,949 million of unbilled balances under long-term contracts as of March 31, 2024, and December 31, 2023, respectively. These amounts are billed in accordance with the terms of customer contracts to which they relate. When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations. Contract modifications for goods or services and not distinct from the existing contract, due to the significant integration with the original good or service provided, are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price and the Company's measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at relative stand-alone selling price, they are accounted for as a new contract and performance obligation, which are recognized prospectively. PERFORMANCE OBLIGATIONS A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is defined as the unit of account. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. When the Company's contracts with customers require highly complex integration or manufacturing services that are not separately identifiable from other promises in the contracts and, therefore, not distinct, then the entire contract is accounted for as a single performance obligation. In situations when the Company's contracts include distinct goods or services that are substantially the same and have the same pattern of transfer to the customer over time, they are recognized as a series of distinct goods or services. For any contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the estimated relative stand-alone selling price of each distinct good or service in the contract. For product sales, each product sold to a customer typically represents a distinct performance obligation. In such cases, the observable stand-alone sales are used to determine the stand-alone selling price. Performance obligations are satisfied as of a point in time or over time. Performance obligations are supported by contracts with customers, providing a framework for the nature of the distinct goods, services or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. The following table outlines the Company's remaining performance obligations disaggregated by reportable business segment: March 31, 2024 Aerospace Technologies $ 14,387 Industrial Automation 6,175 Building Automation 6,983 Energy and Sustainability Solutions 4,418 Corporate and All Other 1 49 Total performance obligations $ 32,012 1 The remaining performance obligations within Corporate and All Other relate to the Quantinuum business. Performance obligations recognized as of March 31, 2024, will be satisfied over the course of future periods. The Company's disclosure of the timing for satisfying the performance obligation is based on the requirements of contracts with customers. However, from time to time, these contracts may be subject to modifications, impacting the timing of satisfying the performance obligations. Performance obligations expected to be satisfied within one year and greater than one year are 55% and 45%, respectively. The timing of satisfaction of the Company's performance obligations does not significantly vary from the typical timing of payment. Typical payment terms of the Company's fixed price over time contracts include progress payments based on specified events or milestones or based on project progress. For some contracts, the Company may be entitled to receive an advance payment. The Company applied the practical expedient for certain revenue streams to exclude the value of remaining performance obligations for (i) contracts with an original expected term of one year or less or (ii) contracts for which the Company recognizes revenue in proportion to the amount the Company has the right to invoice for services performed.

REPOSITIONING AND OTHER CHARGES

REPOSITIONING AND OTHER CHARGES	3 Months Ended
REPOSITIONING AND OTHER CHARGES	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
REPOSITIONING AND OTHER CHARGES	REPOSITIONING AND OTHER CHARGES A summary of net repositioning and other charges follows: Three Months Ended March 31, 2024 2023 Severance $ 33 $ 67 Asset impairments 1 12 Exit costs 15 24 Reserve adjustments (15) (5) Total net repositioning charges 34 98 Asbestos-related charges, net of insurance and reimbursements 18 21 Probable and reasonably estimable environmental liabilities, net of reimbursements 24 22 Other charges 17 — Total net repositioning and other charges $ 93 $ 141 The following table summarizes the pre-tax distribution of total net repositioning and other charges by classification in the Consolidated Statement of Operations: Three Months Ended March 31, 2024 2023 Cost of products and services sold $ 58 $ 80 Selling, general and administrative expenses 18 65 Other (income) expense 17 (4) Total net repositioning and other charges $ 93 $ 141 The following table summarizes the pre-tax amount of total net repositioning and other charges by reportable business segment. These amounts are excluded from segment profit as described in Note 18 Segment Financial Data: Three Months Ended March 31, 2024 2023 Aerospace Technologies $ 5 $ 3 Industrial Automation 17 48 Building Automation 4 27 Energy and Sustainability Solutions 18 11 Corporate and All Other 49 52 Total net repositioning and other charges $ 93 $ 141 NET REPOSITIONING CHARGES In the three months ended March 31, 2024, the Company recognized gross repositioning charges totaling $49 million, including severance costs of $33 million related to workforce reductions of 1,362 manufacturing and administrative positions primarily in the Company's Industrial Automation and Building Automation reportable business segments. The workforce reductions were related to productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $1 million related to the write-down of certain assets within the Company's Industrial Automation reportable business segment. The repositioning charges also included exit costs of $15 million related to current period costs incurred for closure obligations associated with site transitions primarily in the Company's Industrial Automation reportable business segment and corporate functions. Also, $15 million of previously established reserves, primarily for severance, were returned to income due to higher-than-expected voluntary exits and adjustments to the scope of previously announced repositioning actions. In the three months ended March 31, 2023, the Company recognized repositioning charges totaling $103 million, including severance costs of $67 million related to workforce reductions of 1,797 manufacturing and administrative positions mainly in the Company's Building Automation and Industrial Automation reportable business segments. The workforce reductions were related to the Company's productivity and ongoing functional transformation initiatives. The repositioning charges included asset impairments of $12 million related to the write-down of certain assets within the Company's Industrial Automation reportable business segment. The repositioning charges also included exit costs of $24 million related to current period costs incurred for closure obligations associated with site transitions across all of the Company's reportable business segments. The following table summarizes the status of the Company's total repositioning reserves: Severance Asset Exit Total Balance at December 31, 2023 $ 188 $ — $ 91 $ 279 Charges 33 1 15 49 Usage—cash (22) — (28) (50) Usage—noncash — — — — Foreign currency translation (3) — — (3) Adjustments (9) (1) (5) (15) Balance at March 31, 2024 $ 187 $ — $ 73 $ 260 Certain repositioning projects will recognize exit costs in future periods when the actual liability is incurred. Such exit costs incurred in the three months ended March 31, 2024, and 2023, were $12 million and $10 million, respectively. OTHER CHARGES During the three months ended March 31, 2024, the Company recognized Other charges of $17 million related to the settlement of a contractual dispute with a Russian entity associated with the Company's suspension and wind down activities in Russia. The charges were recorded in Other (income) expense in the Consolidated Statement of Operations. Given the uncertainty inherent in the Company's remaining obligations related to contracts with Russian counterparties, the Company does not believe it is possible to develop estimates of reasonably possible loss in excess of current accruals for these matters (other than as specifically set forth above). Based on available information to date, the Company’s estimate of potential future losses or other contingencies related to the wind down of activities, including any guarantee payments or any litigation costs or as otherwise related to the Company's wind down in Russia, could adversely affect the Company's consolidated results of operations in the periods recognized but would not be material with respect to the Company's consolidated financial position. See Note 15 Commitments and Contingencies for a discussion of the recognition and measurement of estimate for contingencies.

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXESThe effective tax rate was higher than the U.S. federal statutory rate of 21% and increased during 2024 compared to 2023 as a result of incremental tax expense from reduced tax reserve activity, partially offset by increased tax benefits from employee-share based compensation and other accrued taxes.

INVENTORIES

INVENTORIES	3 Months Ended
INVENTORIES	Mar. 31, 2024
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES March 31, 2024 December 31, 2023 Raw materials $ 1,500 $ 1,704 Work in process 1,314 1,217 Finished products 3,504 3,257 Total Inventories $ 6,318 $ 6,178

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS - NET	3 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS - NET	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS - NET	GOODWILL AND OTHER INTANGIBLE ASSETS—NET The following table summarizes the change in the carrying amount of goodwill for the three months ended March 31, 2024, by reportable business segment: December 31, 2023 Acquisitions/ Currency March 31, 2024 Aerospace Technologies $ 2,386 $ — $ (3) $ 2,383 Industrial Automation 9,650 — (38) 9,612 Building Automation 3,380 — (20) 3,360 Energy and Sustainability Solutions 1,727 — (2) 1,725 Corporate and All Other 906 — (1) 905 Total Goodwill $ 18,049 $ — $ (64) $ 17,985 Other intangible assets are comprised of: March 31, 2024 December 31, 2023 Gross Accumulated Net Gross Accumulated Net Definite-life intangibles Patents and technology $ 2,390 $ (1,851) $ 539 $ 2,399 $ (1,837) $ 562 Customer relationships 4,153 (2,619) 1,534 4,199 (2,601) 1,598 Trademarks 357 (287) 70 362 (284) 78 Other 299 (277) 22 299 (277) 22 Total definite-life intangibles—net 7,199 (5,034) 2,165 7,259 (4,999) 2,260 Indefinite-life intangibles Trademarks 971 — 971 971 — 971 Total Other intangible assets—net $ 8,170 $ (5,034) $ 3,136 $ 8,230 $ (4,999) $ 3,231 Other intangible assets amortization includes $70 million and $68 million of acquisition-related intangible amortization expense for the three months ended March 31, 2024, and 2023, respectively.

LONG-TERM DEBT AND CREDIT AGREE

LONG-TERM DEBT AND CREDIT AGREEMENTS	3 Months Ended
LONG-TERM DEBT AND CREDIT AGREEMENTS	Mar. 31, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT AND CREDIT AGREEMENTS	LONG-TERM DEBT AND CREDIT AGREEMENTS March 31, 2024 December 31, 2023 0.00% Euro notes due 2024 $ — $ 547 2.30% notes due 2024 750 750 4.85% notes due 2024 400 400 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 703 711 4.95% notes due 2028 500 500 2.25% Euro notes due 2028 811 820 4.25% notes due 2029 750 750 2.70% notes due 2029 750 750 4.875% notes due 2029 500 — 3.375% Euro notes due 2030 811 — 1.95% notes due 2030 1,000 1,000 4.95% notes due 2031 500 — 1.75% notes due 2031 1,500 1,500 0.75% Euro notes due 2032 541 547 3.75% Euro notes due 2032 541 547 5.00% notes due 2033 1,100 1,100 4.50% notes due 2034 1,000 1,000 4.125% Euro notes due 2034 1,082 1,094 5.00% notes due 2035 750 — 3.75% Euro notes due 2036 811 — 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 — 5.35% notes due 2064 650 — Industrial development bond obligations, floating rate maturing at various dates through 2037 22 22 6.625% debentures due 2028 201 201 9.065% debentures due 2033 51 51 Other (including capitalized leases), 6.5% weighted average interest rate maturing at various dates through 2029 213 217 Fair value of hedging instruments (208) (166) Debt issuance costs (304) (245) Total Long-term debt and current related maturities 23,437 18,358 Less: Current maturities of long-term debt 1,254 1,796 Total Long-term debt $ 22,183 $ 16,562 On March 1, 2024, the Company issued $500 million 4.875% Senior Notes due 2029, $500 million 4.95% Senior Notes due 2031, $750 million 5.00% Senior Notes due 2035, $1.75 billion 5.25% Senior Notes due 2054, and $650 million 5.35% Senior Notes due 2064 (collectively, the 2024 USD Notes). The Company may redeem the 2024 USD Notes at any time, and from time to time, in whole or in part, at the Company's option at the applicable redemption price. The offering provided gross proceeds of $4.2 billion, offset by $44 million in discount and closing costs related to the offering. On March 1, 2024, the Company issued €750 million 3.375% Senior Notes due 2030 and €750 million 3.75% Senior Notes due 2036 (collectively, the 2024 Euro Notes). The Company may redeem the 2024 Euro Notes at any time, and from time to time, in whole or in part, at the Company's option at the applicable redemption price. The offering provided gross proceeds of $1.6 billion, offset by $21 million in discount and closing costs related to the offering. The 2024 USD Notes and 2024 Euro Notes are senior unsecured and unsubordinated obligations of the Company and rank equally with each other and with all of the Company's existing and future senior unsecured debt and senior to all of the Company's subordinated debt. The Company intends to use the proceeds from the issuances for general corporate purposes, which may include, among other things, the repayment of outstanding debt and financing of possible acquisitions or business expansion. On March 11, 2024, the Company repaid its 0.00% Euro notes due 2024. On March 18, 2024, the Company entered into a $1.5 billion 364-day credit agreement (the 364-Day Credit Agreement) and a $4.0 billion amended and restated five-year credit agreement (the 5-Year Credit Agreement). The 364-Day Credit Agreement replaced the $1.5 billion 364-day credit agreement dated as of March 20, 2023, which was terminated in accordance with its terms effective March 18, 2024. Amounts borrowed under the 364-Day Credit Agreement are required to be repaid no later than March 17, 2025, 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 17, 2026, or (ii) the 364-Day Credit Agreement is terminated earlier pursuant to its terms. The 5-Year Credit Agreement amended and restated the previously reported $4.0 billion amended and restated five-year credit agreement dated as of March 20, 2023. Commitments under the 5-Year Credit Agreement can be increased pursuant to the terms of the 5-Year Credit Agreement to an aggregate amount not to exceed $4.5 billion. The 364-Day Credit Agreement and 5-Year Credit Agreement are maintained for general corporate purposes. As of March 31, 2024, there were no outstanding borrowings under the 364-Day Credit Agreement or the 5-Year Credit Agreement.

LEASES

LEASES	3 Months Ended
LEASES	Mar. 31, 2024
Leases [Abstract]
LEASES	LEASES The Company's operating and finance lease portfolio is described in Note 10 Leases of Notes to Consolidated Financial Statements in the Company's 2023 Annual Report on Form 10-K. Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2024 2023 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 58 $ 20 Finance leases 24 31 Supplemental balance sheet information related to leases was as follows: March 31, 2024 December 31, 2023 Operating leases Other assets $ 1,007 $ 1,004 Accrued liabilities 196 196 Other liabilities 902 897 Total operating lease liabilities 1,098 1,093 Finance leases Property, plant and equipment 404 402 Accumulated depreciation (211) (204) Property, plant and equipment—net 193 198 Current maturities of long-term debt 88 86 Long-term debt 89 99 Total finance lease liabilities $ 177 $ 185
LEASES	LEASES The Company's operating and finance lease portfolio is described in Note 10 Leases of Notes to Consolidated Financial Statements in the Company's 2023 Annual Report on Form 10-K. Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2024 2023 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 58 $ 20 Finance leases 24 31 Supplemental balance sheet information related to leases was as follows: March 31, 2024 December 31, 2023 Operating leases Other assets $ 1,007 $ 1,004 Accrued liabilities 196 196 Other liabilities 902 897 Total operating lease liabilities 1,098 1,093 Finance leases Property, plant and equipment 404 402 Accumulated depreciation (211) (204) Property, plant and equipment—net 193 198 Current maturities of long-term debt 88 86 Long-term debt 89 99 Total finance lease liabilities $ 177 $ 185

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS	3 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS	DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS Honeywell's foreign currency, interest rate, credit, and commodity price risk management policies are described in Note 11 Derivative Instruments and Hedging Transactions of Notes to Consolidated Financial Statements in the Company's 2023 Annual Report on Form 10-K. The following table summarizes the notional amounts and fair values of the Company’s outstanding derivatives by risk category and instrument type within the Consolidated Balance Sheet: Notional Fair Value Asset Fair Value (Liability) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Derivatives in fair value hedging relationships Interest rate swap agreements $ 4,702 $ 4,717 $ — $ 18 $ (208) $ (184) Derivatives in cash flow hedging relationships Foreign currency exchange contracts 742 712 42 28 (1) (4) Commodity contracts 4 6 — — — (1) Derivatives in net investment hedging relationships Cross currency swap agreements 5,864 4,264 4 — (72) (145) Total derivatives designated as hedging instruments 11,312 9,699 46 46 (281) (334) Derivatives not designated as hedging instruments Foreign currency exchange contracts 11,119 8,198 8 7 (18) (5) Total derivatives at fair value $ 22,431 $ 17,897 $ 54 $ 53 $ (299) $ (339) All derivative assets are presented in Other current assets or Other assets. All derivative liabilities are presented in Accrued liabilities or Other liabilities. In addition to the foreign currency derivative contracts designated as net investment hedges, certain of the Company's foreign currency denominated debt instruments are designated as net investment hedges. The carrying value of those debt instruments designated as net investment hedges, which includes the adjustment for the foreign currency transaction gain or loss on those instruments, was $7,118 million and $6,099 million as of March 31, 2024, and December 31, 2023, respectively. The following table sets forth the amounts recorded in the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges: Carrying Amount of Hedged Item Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Item March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Long-term debt $ 4,494 $ 4,551 $ (208) $ (166) The following tables summarize the location and impact to the Consolidated Statement of Operations related to derivative instruments: Three Months Ended March 31, 2024 Net Sales Cost of Cost of Selling, Other Interest and Other $ 9,105 $ 4,035 $ 1,548 $ 1,302 $ (231) $ 220 Gain or (loss) on cash flow hedges Foreign currency exchange contracts Amount reclassified from accumulated other comprehensive income (loss) into income 1 2 1 1 — — Gain or (loss) on fair value hedges Interest rate swap agreements Hedged items — — — — — 42 Derivatives designated as hedges — — — — — (42) Gain or (loss) on derivatives not designated as hedging instruments Foreign currency exchange contracts — — — — 23 — Three Months Ended March 31, 2023 Net Sales Cost of Cost of Selling, Other Interest and Other $ 8,864 $ 4,068 $ 1,430 $ 1,317 $ (260) $ 170 Gain or (loss) on cash flow hedges Foreign currency exchange contracts Amount reclassified from accumulated other comprehensive income (loss) into income 1 3 1 1 — — Gain or (loss) on fair value hedges Interest rate swap agreements Hedged items — — — — — (67) Derivatives designated as hedges — — — — — 67 Gain or (loss) on derivatives not designated as hedging instruments Foreign currency exchange contracts — — — — (80) — The following table summarizes the amounts of gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss): Three Months Ended March 31, 2024 2023 Euro-denominated long-term debt $ 39 $ (49) Euro-denominated commercial paper 19 (28) Cross currency swap agreements 75 (57)

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The accounting guidance for fair value measurements and disclosures establishes a three-level fair value hierarchy: • Level 1 - Inputs are based on quoted prices in active markets for identical assets and liabilities. • Level 2 - Inputs are based on observable inputs other than quoted prices in active markets for identical or similar assets and liabilities. • Level 3 - One or more inputs are unobservable and significant. Financial and nonfinancial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis: March 31, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts $ — $ 50 $ — $ 50 $ — $ 35 $ — $ 35 Available for sale investments 66 293 — 359 63 217 — 280 Interest rate swap agreements — — — — — 18 — 18 Cross currency swap agreements — 4 — 4 — — — — Investments in equity securities 15 — — 15 22 — — 22 Right to HWI Net Sale Proceeds — — 9 9 — — 9 9 Total assets $ 81 $ 347 $ 9 $ 437 $ 85 $ 270 $ 9 $ 364 Liabilities Foreign currency exchange contracts $ — $ 19 $ — $ 19 $ — $ 9 $ — $ 9 Interest rate swap agreements — 208 — 208 — 184 — 184 Commodity contracts — — — — — 1 — 1 Cross currency swap agreements — 72 — 72 — 145 — 145 Total liabilities $ — $ 299 $ — $ 299 $ — $ 339 $ — $ 339 The Company values foreign currency exchange contracts, interest rate swap agreements, cross currency swap agreements, and commodity contracts using broker quotations, or market transactions in either the listed or over-the-counter markets. As such, these derivative instruments are classified within level 2. The Company also holds investments in commercial paper, certificates of deposits, time deposits, and corporate debt securities that are designated as available for sale. These investments are valued using published prices based on observable market data. As such, these investments are classified within level 2. The Company holds certain available for sale investments in U.S. government securities and investments in equity securities. The Company values these investments utilizing published prices based on quoted market pricing, which are classified within level 1. The carrying value of cash and cash equivalents, trade accounts and notes receivables, payables, commercial paper, and other short-term borrowings approximates fair value. As part of the NARCO Buyout (see Note 15 Commitments and Contingencies for definition), Honeywell holds a right to proceeds from the definitive sale agreement pursuant to which HarbisonWalker International Holdings, Inc. (HWI), the reorganized and renamed entity that emerged from the NARCO Bankruptcy, was acquired by an affiliate of Platinum Equity, LLC (HWI Sale). The right to these proceeds is considered a financial instrument. The significant input for the valuation of this right is unobservable, and as such, is classified within level 3. The HWI Sale closed on February 16, 2023. During the twelve months ended December 31, 2023, Honeywell received $275 million of proceeds from the HWI Sale (HWI Net Sale Proceeds). Additionally, the Company recorded a fair value adjustment for the HWI Net Sale Proceeds and reduced the estimate by $11 million. The fair value of the remaining HWI Net Sale Proceeds as of March 31, 2024, represents contingent consideration to be paid in future periods if certain conditions under the definitive sale agreement for the HWI Sale are met. The following table sets forth a reconciliation of beginning and ending balances of assets and liabilities that were accounted for at fair value using level 3 measurements: Three Months Ended March 31, 2024 Balance at beginning of period $ 9 Receipt of HWI Net Sale Proceeds — Fair value adjustment of HWI Net Sale Proceeds — Balance at end of period $ 9 The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value: March 31, 2024 December 31, 2023 Carrying Fair Carrying Fair Assets Long-term receivables $ 260 $ 190 $ 232 $ 173 Liabilities Long-term debt and related current maturities 23,437 22,515 18,358 17,706 The Company determined the fair value of the long-term receivables by utilizing transactions in the listed markets for identical or similar assets. As such, the fair value of these receivables is considered level 2.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The details of the earnings per share calculations for the three months ended March 31, 2024, and 2023, are as follows (shares in millions): Three Months Ended March 31, Basic 2024 2023 Net income attributable to Honeywell $ 1,463 $ 1,394 Weighted average shares outstanding 652.3 667.8 Earnings per share of common stock—basic $ 2.24 $ 2.09 Three Months Ended March 31, Assuming Dilution 2024 2023 Net income attributable to Honeywell $ 1,463 $ 1,394 Average shares Weighted average shares outstanding 652.3 667.8 Dilutive securities issuable—stock plans 4.3 5.2 Total weighted average diluted shares outstanding 656.6 673.0 Earnings per share of common stock—assuming dilution $ 2.23 $ 2.07 The diluted earnings per share calculations exclude the effect of stock options when the cost to exercise an option exceeds the average market price of the common shares during the period. For the three months ended March 31, 2024, and 2023, the weighted average number of stock options excluded from the computations was 4.9 million and 4.0 million, respectively. As of March 31, 2024, and 2023, the total shares outstanding were 651.2 million and 665.7 million, respectively, and as of March 31, 2024, and 2023, total shares issued were 957.6 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT Foreign Pension Changes in Fair Changes in Total Balance at December 31, 2023 $ (3,101) $ (1,055) $ (2) $ 23 $ (4,135) Other comprehensive income (loss) before reclassifications 78 — — 18 96 Amounts reclassified from accumulated other comprehensive income (loss) — (5) — (4) (9) Net current period other comprehensive income (loss) 78 (5) — 14 87 Balance at March 31, 2024 $ (3,023) $ (1,060) $ (2) $ 37 $ (4,048) Foreign Pension Changes in Fair Changes in Total Balance at December 31, 2022 $ (2,832) $ (648) $ (7) $ 12 $ (3,475) Other comprehensive income (loss) before reclassifications (59) — (6) 16 (49) Amounts reclassified from accumulated other comprehensive income (loss) — (12) — (2) (14) Net current period other comprehensive income (loss) (59) (12) (6) 14 (63) Balance at March 31, 2023 $ (2,891) $ (660) $ (13) $ 26 $ (3,538)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES ENVIRONMENTAL MATTERS Honeywell's environmental matters are described in Note 19 Commitments and Contingencies of Notes to Consolidated Financial Statements in the Company's 2023 Annual Report on Form 10-K. The following table summarizes information concerning the Company's recorded liabilities for environmental costs: Balance at December 31, 2023 $ 641 Accruals for environmental matters deemed probable and reasonably estimable 82 Environmental liability payments (61) Balance at March 31, 2024 $ 662 Environmental liabilities are included in the following balance sheet accounts: March 31, 2024 December 31, 2023 Accrued liabilities $ 228 $ 227 Other liabilities 434 414 Total environmental liabilities $ 662 $ 641 The Company does not currently possess sufficient information to reasonably estimate the amounts of environmental liabilities to be recorded upon future completion of studies, litigation, or settlements, and neither the timing nor the amount of the ultimate costs associated with environmental matters can be determined, although they could be material to the Company's consolidated results of operations and operating cash flows in the periods recognized or paid. However, considering the Company's past experience and existing reserves, the Company does not expect that environmental matters will have a material adverse effect on its consolidated financial position. In conjunction with the Resideo Technologies, Inc. (Resideo) spin-off, the Company entered into an indemnification and reimbursement agreement with a Resideo subsidiary, pursuant to which Resideo’s subsidiary has an ongoing obligation to make cash payments to Honeywell in amounts equal to 90% of Honeywell’s annual net spending for environmental matters at certain sites as defined in the agreement. The amount payable to Honeywell in any given year is subject to a cap of $140 million, and the obligation will continue until the earlier of December 31, 2043, or December 31 of the third consecutive year during which the annual payment obligation is less than $25 million. Reimbursements associated with this agreement are collected from Resideo quarterly and were $35 million in the three months ended March 31, 2024, and offset operating cash outflows incurred by the Company. As the Company incurs costs for environmental matters deemed probable and reasonably estimable related to the sites covered by the indemnification and reimbursement agreement, a corresponding receivable from Resideo for 90% of such costs is also recorded. This receivable amount recorded in the three months ended March 31, 2024, was $59 million. As of March 31, 2024, Other current assets and Other assets included $140 million and $545 million, respectively, for the short-term and long-term portion of the receivable amount due from Resideo under the indemnification and reimbursement agreement. ASBESTOS MATTERS Honeywell is named in asbestos-related personal injury claims related to North American Refractories Company (NARCO), which was sold in 1986, and the Bendix Friction Materials (Bendix) business, which was sold in 2014. The following tables summarize information concerning NARCO and Bendix asbestos-related balances: ASBESTOS-RELATED LIABILITIES Bendix NARCO Total December 31, 2023 $ 1,644 $ — $ 1,644 Accrual for update to estimated liability 10 — 10 Change in estimated cost of future claims 5 — 5 Asbestos-related liability payments (55) — (55) March 31, 2024 $ 1,604 $ — $ 1,604 INSURANCE RECOVERIES FOR ASBESTOS-RELATED LIABILITIES Bendix NARCO Total December 31, 2023 $ 123 $ 88 $ 211 Probable insurance recoveries related to estimated liability — — — Insurance receipts for asbestos-related liabilities (3) (3) (6) March 31, 2024 $ 120 $ 85 $ 205 NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts: March 31, 2024 December 31, 2023 Other current assets $ 41 $ 41 Insurance recoveries for asbestos-related liabilities 164 170 Total insurance recoveries for asbestos-related liabilities $ 205 $ 211 Accrued liabilities $ 137 $ 154 Asbestos-related liabilities 1,467 1,490 Total asbestos-related liabilities $ 1,604 $ 1,644 NARCO Products – NARCO manufactured high-grade, heat-resistant, refractory products for various industries. Honeywell’s predecessor, Allied Corporation, owned NARCO from 1979 to 1986. Allied Corporation sold the NARCO business in 1986 and entered into a cross-indemnity agreement which included an obligation to indemnify the purchaser for asbestos claims, arising primarily from alleged occupational exposure to asbestos-containing refractory brick and mortar for high-temperature applications. NARCO ceased manufacturing these products in 1980 and filed for bankruptcy in January 2002, at which point in time all then current and future NARCO asbestos claims were stayed against both NARCO and Honeywell pending the reorganization of NARCO. The Company established its initial liability for NARCO asbestos claims in 2002. NARCO emerged from bankruptcy in April 2013, at which time a federally authorized 524(g) trust was established to evaluate and resolve all existing NARCO asbestos claims (the Trust). Both Honeywell and NARCO are protected by a permanent channeling injunction barring all present and future individual actions in state or federal courts and requiring all asbestos-related claims based on exposure to NARCO asbestos-containing products to be made against the Trust (Channeling Injunction). The NARCO Trust Agreement (TA) and the NARCO Trust Distribution Procedures (TDP) set forth the structure and operating rules of the Trust, and established Honeywell’s evergreen funding obligations. The operating rules per the TDP define criteria claimants must meet for a claim to be considered valid and paid. Once operational in 2014, the Trust began to receive, process, and pay claims. In September 2021, Honeywell filed suit against the Trust in the United States Bankruptcy Court for the Western District of Pennsylvania (Bankruptcy Court) alleging that the Trust breached its duties in managing the Trust, including breaches of certain provisions of the TA and TDP. Honeywell's lawsuit sought appropriate relief preventing the Trust from continuing these practices. The Trust also filed suit against Honeywell, alleging Honeywell breached its obligations under the Trust's governing documents. Honeywell moved to dismiss the Trust’s suit, and on December 15, 2021, the Bankruptcy Court granted Honeywell’s motion to dismiss subject to granting the Trust leave to file an amended complaint. On December 28, 2021, the Trust filed an answer with counterclaims in response to Honeywell’s complaint and in lieu of filing an amended complaint. The Bankruptcy Court conducted a trial on these matters during May 2022; following the trial, the Company and the Trust began discussing a potential settlement of Honeywell’s remaining obligations to the Trust. On November 18, 2022, Honeywell entered into a definitive agreement (Buyout Agreement) with the Trust, and on November 20, 2022, in exchange for the NARCO Trust Advisory Committee (TAC) and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (FCR), becoming parties to the Buyout Agreement, Honeywell, the Trust, the TAC, and the FCR entered into an Amended and Restated Buyout Agreement (Amended Buyout Agreement). Pursuant to the terms of the Amended Buyout Agreement, Honeywell agreed to make a one-time, lump sum payment in the amount of $1.325 billion to the Trust (Buyout Amount), subject to certain deductions as described in the Amended Buyout Agreement and in exchange for the release by the Trust of Honeywell from all further and future obligations of any kind related to the Trust and/or any claimants who were exposed to asbestos-containing products manufactured, sold, or distributed by NARCO or its predecessors, including Honeywell’s ongoing evergreen obligation to fund (i) claims against the Trust, which comprise Honeywell’s NARCO asbestos-related claims liability, and (ii) the Trust’s annual operating expenses, which are expensed as incurred, including its legal fees (which operating expenses, for reference, were approximately $30 million in 2022) (such evergreen obligations referred to in (i) and (ii), Honeywell Obligations) (the NARCO Buyout). On December 8, 2022, the Bankruptcy Court issued an order that (A) approved the Amended Buyout Agreement, and (B) declared that the NARCO Channeling Injunction (which bars all past, present, and future individual actions in state or federal courts based on exposure to NARCO asbestos-containing products and requires all such claims to be made against the Trust) will remain in full force and effect without modification, dissolution, or termination (Order). On December 14, 2022, HWI, the reorganized and renamed entity that emerged from the NARCO bankruptcy, entered into a definitive agreement (Sale Agreement) pursuant to which an affiliate of Platinum Equity, LLC agreed to acquire HWI (HWI Sale) subject to the terms set forth in the Sale Agreement, including customary conditions to closing set forth therein. In accordance with the Amended Buyout Agreement, the economic rights of the Trust in respect of the net proceeds from the HWI Sale inure to the benefit of Honeywell. On January 30, 2023, the Company paid the Buyout Amount to the Trust, the parties closed the transactions contemplated in the Amended Buyout Agreement (Closing), and Honeywell was released from the Honeywell Obligations. Honeywell continues to have the right to collect proceeds in connection with its NARCO asbestos-related insurance policies. With the issuance of the Order, the Company derecognized the NARCO asbestos-related liability of $688 million from the Consolidated Balance Sheet and recognized a charge of $1.325 billion in the Consolidated Statement of Operations and accrued a corresponding liability in the Consolidated Balance Sheet for the Buyout Amount. In addition, the Company recognized a benefit of $295 million in the Consolidated Statement of Operations and corresponding asset in Other current assets in the Consolidated Balance Sheet for Honeywell's rights to the proceeds from the HWI Sale. The benefit of $295 million offset the charge for the Buyout Amount. On February 16, 2023, the HWI Sale closed. Pursuant to the Amended Buyout Agreement, during 2023, Honeywell received $275 million of proceeds from the HWI sale. See Note 12 Fair Value Measurements for further information on the related proceeds and remaining amount under the Amended Buyout Agreement. Bendix Products – Bendix manufactured automotive brake linings that contained chrysotile asbestos in an encapsulated form. Claimants consist largely of individuals who allege exposure to asbestos from brakes from either performing or being in the vicinity of individuals who performed brake replacements. The following tables present information regarding Bendix-related asbestos claims activity: Three Months Ended Years Ended 2024 2023 2022 Claims unresolved at the beginning of period 5,517 5,608 6,401 Claims filed 360 1,803 2,014 Claims resolved (504) (1,894) (2,807) Claims unresolved at the end of period 5,373 5,517 5,608 March 31, December 31, Disease Distribution of Unresolved Claims 2024 2023 2022 Mesothelioma and other cancer claims 3,273 3,244 3,283 Nonmalignant claims 2,100 2,273 2,325 Total claims 5,373 5,517 5,608 Honeywell has experienced average resolution values per claim excluding legal costs as follows: Years Ended December 31, 2023 2022 2021 2020 2019 (in whole dollars) Mesothelioma and other cancer claims $ 66,200 $ 59,200 $ 56,000 $ 61,500 $ 50,200 Nonmalignant claims $ 1,730 $ 520 $ 400 $ 550 $ 3,900 The Consolidated Financial Statements reflect an estimated liability for resolution of asserted (claims filed as of the financial statement date) and unasserted Bendix-related asbestos claims, which exclude the Company’s ongoing legal fees to defend such asbestos claims which will continue to be expensed as they are incurred. The Company reflects the inclusion of all years of epidemiological disease projection through 2059 when estimating the liability for unasserted Bendix-related asbestos claims. Such liability for unasserted Bendix-related asbestos claims is based on historic and anticipated claims filing experience and dismissal rates, disease classifications, and average resolution values in the tort system over a defined look-back period. The Company historically valued Bendix asserted and unasserted claims using a five-year look-back period. The Company reviews the valuation assumptions and average resolution values used to estimate the cost of Bendix asserted and unasserted claims during the fourth quarter each year. The Company experienced fluctuations in average resolution values year-over-year in each of the past five years with no well-established trends in either direction. In 2023, the Company observed two consecutive years of increasing average resolution values (2023 and 2022), with more volatility in the earlier years of the five-year period (2019 through 2021). Based on these observations, the Company, during its annual review in the fourth quarter of 2023, reevaluated its valuation methodology and elected to give more weight to the two most recent years by shortening the look-back period from five years to two years (2023 and 2022). The Company believes that the average resolution values in the last two consecutive years are likely more representative of expected resolution values in future periods. It is not possible to predict whether such resolution values will increase, decrease, or stabilize in the future, given recent litigation trends within the tort system and the inherent uncertainty in predicting the outcome of such trends. The Company will continue to monitor Bendix claim resolution values and other trends within the tort system to assess the appropriate look-back period for determining average resolution values going forward. In 2023, the Company recognized a $522 million expense and corresponding adjustment to its estimated liability for Bendix asbestos-related claims. This amount includes $434 million attributable primarily to shortening the look-back period to the two most recent years, and to a lesser extent to increasing expected resolution values for a subset of asserted claims to adjust for higher claim values in that subset than in the modelled two-year data set. The Company's insurance receivable corresponding to the liability for settlement of asserted and unasserted Bendix asbestos claims reflects coverage which is provided by a large number of insurance policies written by dozens of insurance companies in both the domestic insurance market and the London excess market. Based on the Company's ongoing analysis of the probable insurance recovery, insurance receivables are recorded in the financial statements simultaneous with the recording of the estimated liability for the underlying asbestos claims. This determination is based on the Company's analysis of the underlying insurance policies, historical experience with insurers, ongoing review of the solvency of insurers, judicial determinations relevant to insurance programs, and consideration of the impacts of any settlements reached with the Company's insurers. SEC MATTER The Company is cooperating with a formal investigation by the Securities and Exchange Commission which is primarily focused on certain accounting matters with respect to the Company's former Performance Materials and Technologies segment. At this time, the Company does not expect the outcome of this matter to have a material adverse effect on the Company's consolidated results of operations, cash flows, or financial position. PETROBRAS AND UNAOIL MATTERS On December 19, 2022, the Company reached a comprehensive resolution to the investigations by the U.S. Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and certain Brazilian authorities (Brazilian Authorities) relating to the Company's use of third parties who previously worked for the Company's UOP business in Brazil in relation to a project awarded in 2010 for Petróleo Brasileiro S.A. (Petrobras). The investigations focused on the Company’s compliance with the U.S. Foreign Corrupt Practices Act and similar Brazilian laws (UOP Matters). The comprehensive resolution also resolves DOJ and SEC investigations relating to a matter involving a foreign subsidiary’s prior contract with Unaoil S.A.M. in Algeria executed in 2011 (the Unaoil Matter). In connection with the comprehensive resolution, (i) the Company agreed to pay a total equivalent of $202.7 million, which payment occurred in January 2023, to the DOJ, the SEC, and the Brazilian Authorities, collectively, in penalties, disgorgement, and prejudgment interest, (ii) the Company’s subsidiary, UOP, LLC (UOP), entered into a three-year Deferred Prosecution Agreement with the DOJ for charges related to the UOP Matters, (iii) UOP entered into leniency agreements with the Brazilian authorities related to the UOP Matter in Brazil, and (iv) the Company entered into an agreement with the SEC that resolves allegations relating to the UOP Matters and the Unaoil Matter. Pursuant to these agreements, the Company agreed to undertake certain compliance measures and compliance reporting obligations. These agreements entirely resolve the Petrobras and Unaoil investigations. OTHER MATTERS The Company is subject to a number of other lawsuits, investigations, and disputes (some of which involve substantial amounts claimed) arising out of the conduct of the Company's business, including matters relating to commercial transactions, government contracts, product liability, prior acquisitions and divestitures, employee benefit plans, intellectual property, and environmental, health, and safety matters. The Company recognizes liabilities for any contingency that is probable of occurrence and reasonably estimable. The Company continually assesses the likelihood of adverse judgments or outcomes in such matters, as well as potential ranges of probable losses (taking into consideration any insurance recoveries), based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts. Given the uncertainty inherent in litigation and investigations, including those discussed in this Note 15, the Company cannot predict when or how these matters will be resolved and does not believe it is possible to develop estimates of reasonably possible loss (or a range of possible loss) in excess of current accruals for commitment and contingency matters. Considering the Company's past experience and existing accruals, the Company does not expect the outcome of such matters, either individually or in the aggregate, to have a material adverse effect on the Company's consolidated financial position. Because most contingencies are resolved over long periods of time, potential liabilities are subject to change due to new developments, changes in settlement strategy or the impact of evidentiary requirements, which could cause the Company to pay damage awards or settlements (or become subject to equitable remedies) that could have a material adverse effect on the Company's consolidated results of operations or operating cash flows in the periods recognized or paid.

PENSION BENEFITS

PENSION BENEFITS	3 Months Ended
PENSION BENEFITS	Mar. 31, 2024
Retirement Benefits [Abstract]
PENSION BENEFITS	PENSION BENEFITS Net periodic pension benefit (income) cost for the Company's significant pension plans included the following components: U.S. Plans Three Months Ended March 31, 2024 2023 Service cost $ 7 $ 7 Interest cost 150 161 Expected return on plan assets (281) (278) Amortization of prior service (credit) cost (2) (10) Net periodic benefit income $ (126) $ (120) Non-U.S. Plans Three Months Ended March 31, 2024 2023 Service cost $ 3 $ 3 Interest cost 47 49 Expected return on plan assets (74) (67) Net periodic benefit income $ (24) $ (15)

OTHER (INCOME) EXPENSE

OTHER (INCOME) EXPENSE	3 Months Ended
OTHER (INCOME) EXPENSE	Mar. 31, 2024
Other Income and Expenses [Abstract]
OTHER (INCOME) EXPENSE	OTHER (INCOME) EXPENSE Three Months Ended March 31, 2024 2023 Interest income $ (105) $ (76) Pension ongoing income—non-service (161) (146) Other postretirement income—non-service (6) (6) Equity income of affiliated companies (16) (35) Foreign exchange loss 26 2 Expense (benefit) related to Russia-Ukraine Conflict 17 (4) Other, net 14 5 Total Other (income) expense $ (231) $ (260) See Note 5 Repositioning and Other Charges for further discussion of the expense related to the Russia-Ukraine Conflict.

SEGMENT FINANCIAL DATA

SEGMENT FINANCIAL DATA	3 Months Ended
SEGMENT FINANCIAL DATA	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT FINANCIAL DATA	SEGMENT FINANCIAL DATA Honeywell globally manages its business operations through four reportable business segments. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions, and assesses operating performance. Honeywell’s senior management evaluates segment performance based on segment profit. Each segment’s profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, interest and other financial charges, stock compensation expense, pension and other postretirement income (expense), repositioning and other charges, and other items within Other (income) expense. Effective during the first quarter of 2024, the Company realigned certain of its business units comprising its historical Performance Materials and Technologies and Safety and Productivity Solutions reportable business segments by forming two new reportable business segments: Industrial Automation and Energy and Sustainability Solutions. Industrial Automation includes Sensing and Safety Technologies, Productivity Solutions and Services, and Warehouse and Workflow Solutions, previously included in Safety and Productivity Solutions, in addition to Process Solutions, previously included in Performance Materials and Technologies. Energy and Sustainability Solutions includes UOP and Advanced Materials, previously included in Performance Materials and Technologies. Further, as part of the realignment, the Company renamed its historical Aerospace and Honeywell Building Technologies reportable business segments to Aerospace Technologies and Building Automation, respectively. This realignment had no impact on the Company’s historical consolidated financial position, results of operations, or cash flows. Prior period amounts have been recast to conform to current period segment presentation. Three Months Ended March 31, 2024 2023 Net sales Aerospace Technologies Products $ 2,025 $ 1,672 Services 1,644 1,439 Net Aerospace Technologies sales 3,669 3,111 Industrial Automation Products 1,800 2,159 Services 678 644 Net Industrial Automation sales 2,478 2,803 Building Automation Products 1,057 1,132 Services 369 355 Net Building Automation sales 1,426 1,487 Energy and Sustainability Solutions Products 1,381 1,347 Services 144 114 Net Energy and Sustainability Solutions sales 1,525 1,461 Corporate and All Other Services 7 2 Net Corporate and All Other sales 7 2 Net sales $ 9,105 $ 8,864 Segment profit Aerospace Technologies $ 1,031 $ 827 Industrial Automation 417 526 Building Automation 342 375 Energy and Sustainability Solutions 302 300 Corporate and All Other (71) (81) Total segment profit 2,021 1,947 Interest and other financial charges (220) (170) Interest income 105 76 Stock compensation expense 1 (53) (59) Pension ongoing income 2 145 130 Other postretirement income 2 6 6 Repositioning and other charges 3 (93) (141) Other expense 4 (40) (7) Income before taxes $ 1,871 $ 1,782 1 Amounts included in Selling, general and administrative expenses. 2 Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component). 3 Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense. 4 Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 1,463	$ 1,394

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	EQUITY TRADING PLAN ELECTIONS Certain executive officers and directors of the Company execute purchases and sales of the Company's common stock through Rule 10b5-1 and non-Rule 10b5-1 equity trading plans. The following table describes an equity trading plan adopted by one of our directors during the three months ended March 31, 2024: Name and title Action Plan Type Date of adoption of Rule 10b5-1 trading plan Scheduled expiration of Rule 10b5-1 trading plan Aggregate number of securities to be purchased or sold Grace D. Lieblein Director Adoption Rule 10b5-1 2/5/2024 5/6/2025 6,441 stock options and associated sale of shares to cover option exercise costs and tax obligations. During the three months ended March 31, 2024, none of our executive officers or directors terminated or modified a "Rule 10b5-1 trading agreement", or adopted, terminated, or modified any "non-Rule 10b5-1 trading arrangement" (as defined in Item 408(c) of Regulation S-K).
Name	Grace D. Lieblein
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Kevin Burke [Member]
Trading Arrangements, by Individual
Title	Director
Adoption Date	2/5/2024
Arrangement Duration	456 days
Kevin Burke, Option Exercise Costs And Tax Obligations [Member] \| Kevin Burke [Member]
Trading Arrangements, by Individual
Aggregate Available	6,441

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2024
Accounting Policies [Abstract]
Reclassifications	Certain prior year amounts are reclassified to conform to the current year presentation. During the first quarter of 2024, the Company realigned certain of its business units as reflected in Note 18 Segment Financial Data, which impacted the composition of its reportable segments. The Company recast historical periods to reflect this change in segment presentation.
Supply Chain Financing	SUPPLY CHAIN FINANCING Amounts outstanding related to supply chain financing programs are included in Accounts payable in the Consolidated Balance Sheet. Accounts payable included approximately $1,029 million and $1,112 million as of March 31, 2024, and December 31, 2023, respectively. The impact of these programs is not material to the Company's overall liquidity.
Recent Accounting Pronouncements	The Company considers the applicability and impact of all Accounting Standards Updates (ASUs) issued by the Financial Accounting Standards Board (FASB). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's Consolidated Financial Statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures , which requires greater disaggregation of income tax disclosures. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. This ASU should be applied prospectively for fiscal years beginning after December 15, 2024, with retrospective application permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which requires companies to enhance the disclosures about segment expenses. The new standard requires the disclosure of the Company’s Chief Operating Decision Maker (CODM), expanded incremental line-item disclosures of significant segment expenses used by the CODM for decision-making, and the inclusion of previous annual only segment disclosure requirements on a quarterly basis. This ASU should be applied retrospectively for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Topic 405): Disclosure of Supplier Finance Program Obligations , to enhance the transparency of supplier finance programs. The new standard requires annual disclosure of the key terms of the program, a description of where in the financial statements amounts outstanding under the program are presented, a rollforward of such amounts, and interim disclosure of amounts outstanding as of the end of each period. The guidance does not affect recognition, measurement, or financial statement presentation of supplier finance programs. The ASU is effective on January 1, 2023, except for the rollforward, which is effective on January 1, 2024, for annual disclosures. The Company adopted this guidance on January 1, 2023, with the exception of the rollforward adopted on January 1, 2024. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides optional expedients and exceptions for applying generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the transition away from reference rates expected to be discontinued to alternative reference rates. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope , to expand the scope of this guidance to include derivatives. The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into on or before December 31, 2022. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 , which extends the period of time entities can utilize the reference rate reform relief guidance under ASU 2020-04 from December 31, 2022, to December 31, 2024. The Company will apply the guidance to impacted transactions during the transition period. The adoption of this standard does not have a material impact on the Company’s Consolidated Financial Statements.
Revenue Recognition and Contracts with Customers	The Company tracks progress on satisfying performance obligations under contracts with customers. The related billings and cash collections are recorded in the Consolidated Balance Sheet in Accounts receivable—net and Other assets (unbilled receivables (contract assets) and billed receivables), and Accrued liabilities and Other liabilities (customer advances and deposits (contract liabilities)). Unbilled receivables arise when the timing of cash collected from customers differs from the timing of revenue recognition, such as when contract provisions require specific milestones to be met before a customer can be billed. Contract assets are recognized when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Contract liabilities are recorded when customers remit contractual cash payments in advance of the Company satisfying performance obligations under contractual arrangements, including those with performance obligations to be satisfied over a period of time. Contract liabilities are derecognized when revenue is recorded, either when a milestone is met triggering the contractual right to bill or when the performance obligation is satisfied. When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations. Contract modifications for goods or services and not distinct from the existing contract, due to the significant integration with the original good or service provided, are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price and the Company's measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at relative stand-alone selling price, they are accounted for as a new contract and performance obligation, which are recognized prospectively. PERFORMANCE OBLIGATIONS A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is defined as the unit of account. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. When the Company's contracts with customers require highly complex integration or manufacturing services that are not separately identifiable from other promises in the contracts and, therefore, not distinct, then the entire contract is accounted for as a single performance obligation. In situations when the Company's contracts include distinct goods or services that are substantially the same and have the same pattern of transfer to the customer over time, they are recognized as a series of distinct goods or services. For any contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the estimated relative stand-alone selling price of each distinct good or service in the contract. For product sales, each product sold to a customer typically represents a distinct performance obligation. In such cases, the observable stand-alone sales are used to determine the stand-alone selling price. Performance obligations are satisfied as of a point in time or over time. Performance obligations are supported by contracts with customers, providing a framework for the nature of the distinct goods, services or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. Performance obligations recognized as of March 31, 2024, will be satisfied over the course of future periods. The Company's disclosure of the timing for satisfying the performance obligation is based on the requirements of contracts with customers. However, from time to time, these contracts may be subject to modifications, impacting the timing of satisfying the performance obligations. Performance obligations expected to be satisfied within one year and greater than one year are 55% and 45%, respectively. The timing of satisfaction of the Company's performance obligations does not significantly vary from the typical timing of payment. Typical payment terms of the Company's fixed price over time contracts include progress payments based on specified events or milestones or based on project progress. For some contracts, the Company may be entitled to receive an advance payment. The Company applied the practical expedient for certain revenue streams to exclude the value of remaining performance obligations for (i) contracts with an original expected term of one year or less or (ii) contracts for which the Company recognizes revenue in proportion to the amount the Company has the right to invoice for services performed.

REVENUE RECOGNITION AND CONTR_2

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	See the following disaggregated revenue table and related discussions by reportable business segment for details: Three Months Ended March 31, 2024 2023 Aerospace Technologies Commercial Aviation Original Equipment $ 674 $ 541 Commercial Aviation Aftermarket 1,659 1,423 Defense and Space 1,336 1,147 Net Aerospace Technologies sales 3,669 3,111 Industrial Automation Sensing and Safety Technologies 633 690 Productivity Solutions and Services 322 361 Process Solutions 1,313 1,288 Warehouse and Workflow Solutions 210 464 Net Industrial Automation sales 2,478 2,803 Building Automation Products 813 908 Building Solutions 613 579 Net Building Automation sales 1,426 1,487 Energy and Sustainability Solutions UOP 577 565 Advanced Materials 948 896 Net Energy and Sustainability Solutions sales 1,525 1,461 Corporate and All Other 7 2 Net sales $ 9,105 $ 8,864 Three Months Ended March 31, 2024 2023 Products, transferred point in time 58 % 58 % Products, transferred over time 11 13 Net product sales 69 71 Services, transferred point in time 5 9 Services, transferred over time 26 20 Net service sales 31 29 Net sales 100 % 100 %
Contract with Customer Asset and Liability	The following table summarizes the Company's contract assets and liabilities balances: 2024 2023 Contract assets—January 1 $ 2,013 $ 2,294 Contract assets—March 31 1,939 2,453 Change in contract assets—increase (decrease) $ (74) $ 159 Contract liabilities—January 1 $ (4,326) $ (4,583) Contract liabilities—March 31 (4,005) (4,291) Change in contract liabilities—decrease (increase) $ 321 $ 292 Net change $ 247 $ 451
Revenue Remaining Performance Obligation Expected Timing of Satisfaction	The following table outlines the Company's remaining performance obligations disaggregated by reportable business segment: March 31, 2024 Aerospace Technologies $ 14,387 Industrial Automation 6,175 Building Automation 6,983 Energy and Sustainability Solutions 4,418 Corporate and All Other 1 49 Total performance obligations $ 32,012 1 The remaining performance obligations within Corporate and All Other relate to the Quantinuum business.

REPOSITIONING AND OTHER CHARG_2

REPOSITIONING AND OTHER CHARGES (Tables)	3 Months Ended
REPOSITIONING AND OTHER CHARGES (Tables)	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Repositioning and Other Charges	A summary of net repositioning and other charges follows: Three Months Ended March 31, 2024 2023 Severance $ 33 $ 67 Asset impairments 1 12 Exit costs 15 24 Reserve adjustments (15) (5) Total net repositioning charges 34 98 Asbestos-related charges, net of insurance and reimbursements 18 21 Probable and reasonably estimable environmental liabilities, net of reimbursements 24 22 Other charges 17 — Total net repositioning and other charges $ 93 $ 141
Pretax Distribution of Total Net Repositioning and Other Charges	The following table summarizes the pre-tax distribution of total net repositioning and other charges by classification in the Consolidated Statement of Operations: Three Months Ended March 31, 2024 2023 Cost of products and services sold $ 58 $ 80 Selling, general and administrative expenses 18 65 Other (income) expense 17 (4) Total net repositioning and other charges $ 93 $ 141
Pretax Impact of Total Net Repositioning and Other Charges by Segment	The following table summarizes the pre-tax amount of total net repositioning and other charges by reportable business segment. These amounts are excluded from segment profit as described in Note 18 Segment Financial Data: Three Months Ended March 31, 2024 2023 Aerospace Technologies $ 5 $ 3 Industrial Automation 17 48 Building Automation 4 27 Energy and Sustainability Solutions 18 11 Corporate and All Other 49 52 Total net repositioning and other charges $ 93 $ 141
Total Repositioning Reserves	The following table summarizes the status of the Company's total repositioning reserves: Severance Asset Exit Total Balance at December 31, 2023 $ 188 $ — $ 91 $ 279 Charges 33 1 15 49 Usage—cash (22) — (28) (50) Usage—noncash — — — — Foreign currency translation (3) — — (3) Adjustments (9) (1) (5) (15) Balance at March 31, 2024 $ 187 $ — $ 73 $ 260

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
INVENTORIES (Tables)	Mar. 31, 2024
Inventory Disclosure [Abstract]
Inventories	March 31, 2024 December 31, 2023 Raw materials $ 1,500 $ 1,704 Work in process 1,314 1,217 Finished products 3,504 3,257 Total Inventories $ 6,318 $ 6,178

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)	3 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS - NET (Tables)	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes the change in the carrying amount of goodwill for the three months ended March 31, 2024, by reportable business segment: December 31, 2023 Acquisitions/ Currency March 31, 2024 Aerospace Technologies $ 2,386 $ — $ (3) $ 2,383 Industrial Automation 9,650 — (38) 9,612 Building Automation 3,380 — (20) 3,360 Energy and Sustainability Solutions 1,727 — (2) 1,725 Corporate and All Other 906 — (1) 905 Total Goodwill $ 18,049 $ — $ (64) $ 17,985
Schedule of Indefinite-Lived Intangible Assets	Other intangible assets are comprised of: March 31, 2024 December 31, 2023 Gross Accumulated Net Gross Accumulated Net Definite-life intangibles Patents and technology $ 2,390 $ (1,851) $ 539 $ 2,399 $ (1,837) $ 562 Customer relationships 4,153 (2,619) 1,534 4,199 (2,601) 1,598 Trademarks 357 (287) 70 362 (284) 78 Other 299 (277) 22 299 (277) 22 Total definite-life intangibles—net 7,199 (5,034) 2,165 7,259 (4,999) 2,260 Indefinite-life intangibles Trademarks 971 — 971 971 — 971 Total Other intangible assets—net $ 8,170 $ (5,034) $ 3,136 $ 8,230 $ (4,999) $ 3,231
Schedule of Finite-Lived Intangible Assets	Other intangible assets are comprised of: March 31, 2024 December 31, 2023 Gross Accumulated Net Gross Accumulated Net Definite-life intangibles Patents and technology $ 2,390 $ (1,851) $ 539 $ 2,399 $ (1,837) $ 562 Customer relationships 4,153 (2,619) 1,534 4,199 (2,601) 1,598 Trademarks 357 (287) 70 362 (284) 78 Other 299 (277) 22 299 (277) 22 Total definite-life intangibles—net 7,199 (5,034) 2,165 7,259 (4,999) 2,260 Indefinite-life intangibles Trademarks 971 — 971 971 — 971 Total Other intangible assets—net $ 8,170 $ (5,034) $ 3,136 $ 8,230 $ (4,999) $ 3,231

LONG-TERM DEBT AND CREDIT AGR_2

LONG-TERM DEBT AND CREDIT AGREEMENTS (Tables)	3 Months Ended
LONG-TERM DEBT AND CREDIT AGREEMENTS (Tables)	Mar. 31, 2024
Debt Disclosure [Abstract]
Long-Term Debt	March 31, 2024 December 31, 2023 0.00% Euro notes due 2024 $ — $ 547 2.30% notes due 2024 750 750 4.85% notes due 2024 400 400 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 703 711 4.95% notes due 2028 500 500 2.25% Euro notes due 2028 811 820 4.25% notes due 2029 750 750 2.70% notes due 2029 750 750 4.875% notes due 2029 500 — 3.375% Euro notes due 2030 811 — 1.95% notes due 2030 1,000 1,000 4.95% notes due 2031 500 — 1.75% notes due 2031 1,500 1,500 0.75% Euro notes due 2032 541 547 3.75% Euro notes due 2032 541 547 5.00% notes due 2033 1,100 1,100 4.50% notes due 2034 1,000 1,000 4.125% Euro notes due 2034 1,082 1,094 5.00% notes due 2035 750 — 3.75% Euro notes due 2036 811 — 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 — 5.35% notes due 2064 650 — Industrial development bond obligations, floating rate maturing at various dates through 2037 22 22 6.625% debentures due 2028 201 201 9.065% debentures due 2033 51 51 Other (including capitalized leases), 6.5% weighted average interest rate maturing at various dates through 2029 213 217 Fair value of hedging instruments (208) (166) Debt issuance costs (304) (245) Total Long-term debt and current related maturities 23,437 18,358 Less: Current maturities of long-term debt 1,254 1,796 Total Long-term debt $ 22,183 $ 16,562

LEASES (Tables)

LEASES (Tables)	3 Months Ended
LEASES (Tables)	Mar. 31, 2024
Leases [Abstract]
Lease Cost Information	Supplemental cash flow information related to leases was as follows: Three Months Ended March 31, 2024 2023 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 58 $ 20 Finance leases 24 31
Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows: March 31, 2024 December 31, 2023 Operating leases Other assets $ 1,007 $ 1,004 Accrued liabilities 196 196 Other liabilities 902 897 Total operating lease liabilities 1,098 1,093 Finance leases Property, plant and equipment 404 402 Accumulated depreciation (211) (204) Property, plant and equipment—net 193 198 Current maturities of long-term debt 88 86 Long-term debt 89 99 Total finance lease liabilities $ 177 $ 185

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS (Tables)	3 Months Ended
DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS (Tables)	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table summarizes the notional amounts and fair values of the Company’s outstanding derivatives by risk category and instrument type within the Consolidated Balance Sheet: Notional Fair Value Asset Fair Value (Liability) March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Derivatives in fair value hedging relationships Interest rate swap agreements $ 4,702 $ 4,717 $ — $ 18 $ (208) $ (184) Derivatives in cash flow hedging relationships Foreign currency exchange contracts 742 712 42 28 (1) (4) Commodity contracts 4 6 — — — (1) Derivatives in net investment hedging relationships Cross currency swap agreements 5,864 4,264 4 — (72) (145) Total derivatives designated as hedging instruments 11,312 9,699 46 46 (281) (334) Derivatives not designated as hedging instruments Foreign currency exchange contracts 11,119 8,198 8 7 (18) (5) Total derivatives at fair value $ 22,431 $ 17,897 $ 54 $ 53 $ (299) $ (339)
Schedule of Derivative Instruments	The following table sets forth the amounts recorded in the Consolidated Balance Sheet related to cumulative basis adjustments for fair value hedges: Carrying Amount of Hedged Item Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Item March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Long-term debt $ 4,494 $ 4,551 $ (208) $ (166)
Derivative Instruments, Gain (Loss)	The following tables summarize the location and impact to the Consolidated Statement of Operations related to derivative instruments: Three Months Ended March 31, 2024 Net Sales Cost of Cost of Selling, Other Interest and Other $ 9,105 $ 4,035 $ 1,548 $ 1,302 $ (231) $ 220 Gain or (loss) on cash flow hedges Foreign currency exchange contracts Amount reclassified from accumulated other comprehensive income (loss) into income 1 2 1 1 — — Gain or (loss) on fair value hedges Interest rate swap agreements Hedged items — — — — — 42 Derivatives designated as hedges — — — — — (42) Gain or (loss) on derivatives not designated as hedging instruments Foreign currency exchange contracts — — — — 23 — Three Months Ended March 31, 2023 Net Sales Cost of Cost of Selling, Other Interest and Other $ 8,864 $ 4,068 $ 1,430 $ 1,317 $ (260) $ 170 Gain or (loss) on cash flow hedges Foreign currency exchange contracts Amount reclassified from accumulated other comprehensive income (loss) into income 1 3 1 1 — — Gain or (loss) on fair value hedges Interest rate swap agreements Hedged items — — — — — (67) Derivatives designated as hedges — — — — — 67 Gain or (loss) on derivatives not designated as hedging instruments Foreign currency exchange contracts — — — — (80) —
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)	The following table summarizes the amounts of gain or (loss) on net investment hedges recognized in Accumulated other comprehensive income (loss): Three Months Ended March 31, 2024 2023 Euro-denominated long-term debt $ 39 $ (49) Euro-denominated commercial paper 19 (28) Cross currency swap agreements 75 (57)

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis	The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis: March 31, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts $ — $ 50 $ — $ 50 $ — $ 35 $ — $ 35 Available for sale investments 66 293 — 359 63 217 — 280 Interest rate swap agreements — — — — — 18 — 18 Cross currency swap agreements — 4 — 4 — — — — Investments in equity securities 15 — — 15 22 — — 22 Right to HWI Net Sale Proceeds — — 9 9 — — 9 9 Total assets $ 81 $ 347 $ 9 $ 437 $ 85 $ 270 $ 9 $ 364 Liabilities Foreign currency exchange contracts $ — $ 19 $ — $ 19 $ — $ 9 $ — $ 9 Interest rate swap agreements — 208 — 208 — 184 — 184 Commodity contracts — — — — — 1 — 1 Cross currency swap agreements — 72 — 72 — 145 — 145 Total liabilities $ — $ 299 $ — $ 299 $ — $ 339 $ — $ 339 The following table sets forth a reconciliation of beginning and ending balances of assets and liabilities that were accounted for at fair value using level 3 measurements: Three Months Ended March 31, 2024 Balance at beginning of period $ 9 Receipt of HWI Net Sale Proceeds — Fair value adjustment of HWI Net Sale Proceeds — Balance at end of period $ 9
Financial Assets and Liabilities That Were Not Carried at Fair Value	The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value: March 31, 2024 December 31, 2023 Carrying Fair Carrying Fair Assets Long-term receivables $ 260 $ 190 $ 232 $ 173 Liabilities Long-term debt and related current maturities 23,437 22,515 18,358 17,706

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share Basic	The details of the earnings per share calculations for the three months ended March 31, 2024, and 2023, are as follows (shares in millions): Three Months Ended March 31, Basic 2024 2023 Net income attributable to Honeywell $ 1,463 $ 1,394 Weighted average shares outstanding 652.3 667.8 Earnings per share of common stock—basic $ 2.24 $ 2.09
Earnings Per Share Diluted	Three Months Ended March 31, Assuming Dilution 2024 2023 Net income attributable to Honeywell $ 1,463 $ 1,394 Average shares Weighted average shares outstanding 652.3 667.8 Dilutive securities issuable—stock plans 4.3 5.2 Total weighted average diluted shares outstanding 656.6 673.0 Earnings per share of common stock—assuming dilution $ 2.23 $ 2.07

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes in Accumulated Other Comprehensive Income by Component	Foreign Pension Changes in Fair Changes in Total Balance at December 31, 2023 $ (3,101) $ (1,055) $ (2) $ 23 $ (4,135) Other comprehensive income (loss) before reclassifications 78 — — 18 96 Amounts reclassified from accumulated other comprehensive income (loss) — (5) — (4) (9) Net current period other comprehensive income (loss) 78 (5) — 14 87 Balance at March 31, 2024 $ (3,023) $ (1,060) $ (2) $ 37 $ (4,048) Foreign Pension Changes in Fair Changes in Total Balance at December 31, 2022 $ (2,832) $ (648) $ (7) $ 12 $ (3,475) Other comprehensive income (loss) before reclassifications (59) — (6) 16 (49) Amounts reclassified from accumulated other comprehensive income (loss) — (12) — (2) (14) Net current period other comprehensive income (loss) (59) (12) (6) 14 (63) Balance at March 31, 2023 $ (2,891) $ (660) $ (13) $ 26 $ (3,538)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Mar. 31, 2024
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, 2023 $ 641 Accruals for environmental matters deemed probable and reasonably estimable 82 Environmental liability payments (61) Balance at March 31, 2024 $ 662
Environmental Liabilities are Included in the Following Balance Sheet Accounts	Environmental liabilities are included in the following balance sheet accounts: March 31, 2024 December 31, 2023 Accrued liabilities $ 228 $ 227 Other liabilities 434 414 Total environmental liabilities $ 662 $ 641
Asbestos Related Liabilities	Bendix NARCO Total December 31, 2023 $ 1,644 $ — $ 1,644 Accrual for update to estimated liability 10 — 10 Change in estimated cost of future claims 5 — 5 Asbestos-related liability payments (55) — (55) March 31, 2024 $ 1,604 $ — $ 1,604
Insurance Recoveries for Asbestos Related Liabilities	Bendix NARCO Total December 31, 2023 $ 123 $ 88 $ 211 Probable insurance recoveries related to estimated liability — — — Insurance receipts for asbestos-related liabilities (3) (3) (6) March 31, 2024 $ 120 $ 85 $ 205
NARCO and Bendix Asbestos Related Balances are Included in the Following Balance Sheet Accounts	NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts: March 31, 2024 December 31, 2023 Other current assets $ 41 $ 41 Insurance recoveries for asbestos-related liabilities 164 170 Total insurance recoveries for asbestos-related liabilities $ 205 $ 211 Accrued liabilities $ 137 $ 154 Asbestos-related liabilities 1,467 1,490 Total asbestos-related liabilities $ 1,604 $ 1,644
Bendix Related Asbestos Claims Activity	The following tables present information regarding Bendix-related asbestos claims activity: Three Months Ended Years Ended 2024 2023 2022 Claims unresolved at the beginning of period 5,517 5,608 6,401 Claims filed 360 1,803 2,014 Claims resolved (504) (1,894) (2,807) Claims unresolved at the end of period 5,373 5,517 5,608
Disease Distribution of Claims	March 31, December 31, Disease Distribution of Unresolved Claims 2024 2023 2022 Mesothelioma and other cancer claims 3,273 3,244 3,283 Nonmalignant claims 2,100 2,273 2,325 Total claims 5,373 5,517 5,608
Average Resolution Values per Asbestos Claim	Honeywell has experienced average resolution values per claim excluding legal costs as follows: Years Ended December 31, 2023 2022 2021 2020 2019 (in whole dollars) Mesothelioma and other cancer claims $ 66,200 $ 59,200 $ 56,000 $ 61,500 $ 50,200 Nonmalignant claims $ 1,730 $ 520 $ 400 $ 550 $ 3,900

PENSION BENEFITS (Tables)

PENSION BENEFITS (Tables)	3 Months Ended
PENSION BENEFITS (Tables)	Mar. 31, 2024
Retirement Benefits [Abstract]
Defined Benefit Plans Disclosure	Net periodic pension benefit (income) cost for the Company's significant pension plans included the following components: U.S. Plans Three Months Ended March 31, 2024 2023 Service cost $ 7 $ 7 Interest cost 150 161 Expected return on plan assets (281) (278) Amortization of prior service (credit) cost (2) (10) Net periodic benefit income $ (126) $ (120) Non-U.S. Plans Three Months Ended March 31, 2024 2023 Service cost $ 3 $ 3 Interest cost 47 49 Expected return on plan assets (74) (67) Net periodic benefit income $ (24) $ (15)

OTHER (INCOME) EXPENSE (Tables)

OTHER (INCOME) EXPENSE (Tables)	3 Months Ended
OTHER (INCOME) EXPENSE (Tables)	Mar. 31, 2024
Other Income and Expenses [Abstract]
Other (income) expense	Three Months Ended March 31, 2024 2023 Interest income $ (105) $ (76) Pension ongoing income—non-service (161) (146) Other postretirement income—non-service (6) (6) Equity income of affiliated companies (16) (35) Foreign exchange loss 26 2 Expense (benefit) related to Russia-Ukraine Conflict 17 (4) Other, net 14 5 Total Other (income) expense $ (231) $ (260)

SEGMENT FINANCIAL DATA (Tables)

SEGMENT FINANCIAL DATA (Tables)	3 Months Ended
SEGMENT FINANCIAL DATA (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Financial Data	Three Months Ended March 31, 2024 2023 Net sales Aerospace Technologies Products $ 2,025 $ 1,672 Services 1,644 1,439 Net Aerospace Technologies sales 3,669 3,111 Industrial Automation Products 1,800 2,159 Services 678 644 Net Industrial Automation sales 2,478 2,803 Building Automation Products 1,057 1,132 Services 369 355 Net Building Automation sales 1,426 1,487 Energy and Sustainability Solutions Products 1,381 1,347 Services 144 114 Net Energy and Sustainability Solutions sales 1,525 1,461 Corporate and All Other Services 7 2 Net Corporate and All Other sales 7 2 Net sales $ 9,105 $ 8,864 Segment profit Aerospace Technologies $ 1,031 $ 827 Industrial Automation 417 526 Building Automation 342 375 Energy and Sustainability Solutions 302 300 Corporate and All Other (71) (81) Total segment profit 2,021 1,947 Interest and other financial charges (220) (170) Interest income 105 76 Stock compensation expense 1 (53) (59) Pension ongoing income 2 145 130 Other postretirement income 2 6 6 Repositioning and other charges 3 (93) (141) Other expense 4 (40) (7) Income before taxes $ 1,871 $ 1,782 1 Amounts included in Selling, general and administrative expenses. 2 Amounts included in Cost of products and services sold (service cost component), Selling, general and administrative expenses (service cost component), Research and development expenses (service cost component), and Other (income) expense (non-service cost component). 3 Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other (income) expense. 4 Amounts include the other components of Other (income) expense not included within other categories in this reconciliation. Equity income of affiliated companies is included in segment profit.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Accounts payable	$ 6,468	$ 6,849
Suppliers Utilizing Third Party Services Sold Through To Financial Institutions
Financing Receivable, Past Due [Line Items]
Accounts payable	$ 1,029	$ 1,112

ACQUISITIONS AND DIVESTITURES (

ACQUISITIONS AND DIVESTITURES (Details) € in Millions			3 Months Ended
ACQUISITIONS AND DIVESTITURES (Details) € in Millions	Aug. 25, 2023 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Goodwill					$ 17,985,000,000	$ 18,049,000,000
Pre-tax gain on sale of business					$ 0
Customer relationships
Business Acquisition [Line Items]
Intangible asset, useful life					15 years
Civitanavi Systems S.p.A. \| Forecast [Member]
Business Acquisition [Line Items]
Payments to acquire businesses, gross \| €				€ 200
Percentage acquired			95%	95%
Carrier Global Corporation \| Forecast [Member]
Business Acquisition [Line Items]
Payments to acquire businesses, gross			$ 5,000,000,000
SCADAfence
Business Acquisition [Line Items]
Percentage acquired	100%
Consideration amount	$ 52,000,000
Intangible assets acquired					$ 17,000,000
Goodwill					42,000,000
Compressor Controls Corporation
Business Acquisition [Line Items]
Percentage acquired		100%
Consideration amount		$ 673,000,000
Intangible assets acquired					282,000,000
Goodwill					$ 350,000,000

REVENUE RECOGNITION AND CONTR_3

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Disaggregation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 9,105	$ 8,864
Net sales - percentage	100%	100%
Corporate and All Other
Disaggregation of Revenue [Line Items]
Net sales	$ 7	$ 2
Product
Disaggregation of Revenue [Line Items]
Net sales	$ 6,263	$ 6,310
Net sales - percentage	69%	71%
Product \| Transferred point in time
Disaggregation of Revenue [Line Items]
Net sales - percentage	58%	58%
Product \| Transferred over time
Disaggregation of Revenue [Line Items]
Net sales - percentage	11%	13%
Service
Disaggregation of Revenue [Line Items]
Net sales	$ 2,842	$ 2,554
Net sales - percentage	31%	29%
Service \| Corporate and All Other
Disaggregation of Revenue [Line Items]
Net sales	$ 7	$ 2
Service \| Transferred point in time
Disaggregation of Revenue [Line Items]
Net sales - percentage	5%	9%
Service \| Transferred over time
Disaggregation of Revenue [Line Items]
Net sales - percentage	26%	20%
Aerospace Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	$ 3,669	$ 3,111
Aerospace Technologies \| Commercial Aviation Original Equipment \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	674	541
Aerospace Technologies \| Commercial Aviation Aftermarket \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,659	1,423
Aerospace Technologies \| Defense and Space \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,336	1,147
Aerospace Technologies \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	2,025	1,672
Aerospace Technologies \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,644	1,439
Industrial Automation \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	2,478	2,803
Industrial Automation \| Sensing and Safety Technologies \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	633	690
Industrial Automation \| Productivity Solutions and Services \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	322	361
Industrial Automation \| Process Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,313	1,288
Industrial Automation \| Warehouse and Workflow Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	210	464
Industrial Automation \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,800	2,159
Industrial Automation \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	678	644
Building Automation \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,426	1,487
Building Automation \| Products \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	813	908
Building Automation \| Building Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	613	579
Building Automation \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,057	1,132
Building Automation \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	369	355
Energy and Sustainability Solutions \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,525	1,461
Energy and Sustainability Solutions \| UOP \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	577	565
Energy and Sustainability Solutions \| Advanced Materials \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	948	896
Energy and Sustainability Solutions \| Product \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	1,381	1,347
Energy and Sustainability Solutions \| Service \| Operating Segments
Disaggregation of Revenue [Line Items]
Net sales	$ 144	$ 114

REVENUE RECOGNITION AND CONTR_4

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Contract Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Contract With Customer, Asset And Liability [Roll Forward]
Contract assets - beginning balance	$ 2,013	$ 2,294
Contract assets - ending balance	1,939	2,453
Change in contract assets—increase (decrease)	(74)	159
Contract liabilities - beginning balance	(4,326)	(4,583)
Contract liabilities - ending balance	(4,005)	(4,291)
Change in contract liabilities—decrease (increase)	321	292
Net change	247	451
Contract liability, revenue recognized	993	$ 953
Unbilled balances	$ 1,869		$ 1,949

REVENUE RECOGNITION AND CONTR_5

REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS - Performance Obligation (Details) $ in Millions	Mar. 31, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 32,012
Within One Year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage	55%
Greater Than One Year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, percentage	45%
Corporate and All Other
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 49
Aerospace Technologies \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	14,387
Industrial Automation \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	6,175
Building Automation \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	6,983
Energy and Sustainability Solutions \| Operating Segments
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation, amount	$ 4,418

REPOSITIONING AND OTHER CHARG_3

REPOSITIONING AND OTHER CHARGES - Repositioning and Other Charges (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	$ 34	$ 98
Asbestos-related charges, net of insurance and reimbursements	18	21
Probable and reasonably estimable environmental liabilities, net of reimbursements	24	22
Other charges	17	0
Total net repositioning and other charges	93	141
Severance
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	33	67
Asset impairments
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	1	12
Exit costs
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	15	24
Reserve adjustments
Restructuring Cost and Reserve [Line Items]
Total net repositioning charges	$ (15)	$ (5)

REPOSITIONING AND OTHER CHARG_4

REPOSITIONING AND OTHER CHARGES - Pretax Distribution of Total Net Repositioning (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning and other charges	$ 93	$ 141
Cost of products and services sold
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning and other charges	58	80
Selling, general and administrative expenses
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning and other charges	18	65
Other (income) expense
Pretax Distribution Of Total Net Repositioning And Other Charges By Income Statement Classification [Line Items]
Total net repositioning and other charges	$ 17	$ (4)

REPOSITIONING AND OTHER CHARG_5

REPOSITIONING AND OTHER CHARGES - Pretax Impact of Total net Repositioning and Other Charges by Segment (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	$ 93	$ 141
Corporate and All Other
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	49	52
Aerospace Technologies \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	5	3
Industrial Automation \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	17	48
Building Automation \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	4	27
Energy and Sustainability Solutions \| Operating Segments
Pretax Impact Of Total Net Repositioning And Other Charges By Segment [Line Items]
Total net repositioning and other charges	$ 18	$ 11

REPOSITIONING AND OTHER CHARG_6

REPOSITIONING AND OTHER CHARGES - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) position	Mar. 31, 2023 USD ($) position
Restructuring Cost and Reserve [Line Items]
Charges	$ 49	$ 103
Restructuring costs (returned to income)	$ 34	$ 98
Number of employees severed (in employees) \| position	1,362	1,797
Other charges	$ 17	$ 0
Severance
Restructuring Cost and Reserve [Line Items]
Charges	33
Restructuring costs (returned to income)	33	67
Asset impairments
Restructuring Cost and Reserve [Line Items]
Charges	1
Restructuring costs (returned to income)	1	12
Exit costs
Restructuring Cost and Reserve [Line Items]
Charges	15
Restructuring costs (returned to income)	15	24
Restructuring costs incurred to date	$ 12	$ 10

REPOSITIONING AND OTHER CHARG_7

REPOSITIONING AND OTHER CHARGES - Repositioning Reserves (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 279
Charges	49	$ 103
Usage—cash	(50)
Usage—noncash	0
Foreign currency translation	(3)
Adjustments	(15)
Balance at end of period	260
Severance Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	188
Charges	33
Usage—cash	(22)
Usage—noncash	0
Foreign currency translation	(3)
Adjustments	(9)
Balance at end of period	187
Asset impairments
Restructuring Reserve [Roll Forward]
Balance at beginning of period	0
Charges	1
Usage—cash	0
Usage—noncash	0
Foreign currency translation	0
Adjustments	(1)
Balance at end of period	0
Exit costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	91
Charges	15
Usage—cash	(28)
Usage—noncash	0
Foreign currency translation	0
Adjustments	(5)
Balance at end of period	$ 73

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 1,500	$ 1,704
Work in process	1,314	1,217
Finished products	3,504	3,257
Total Inventories	$ 6,318	$ 6,178

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Schedule of Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 18,049
Acquisitions/ Divestitures	0
Currency Translation Adjustment	(64)
Goodwill, ending balance	17,985
Corporate and All Other
Goodwill [Roll Forward]
Goodwill, beginning balance	906
Acquisitions/ Divestitures	0
Currency Translation Adjustment	(1)
Goodwill, ending balance	905
Aerospace Technologies \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	2,386
Acquisitions/ Divestitures	0
Currency Translation Adjustment	(3)
Goodwill, ending balance	2,383
Industrial Automation \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	9,650
Acquisitions/ Divestitures	0
Currency Translation Adjustment	(38)
Goodwill, ending balance	9,612
Building Automation \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	3,380
Acquisitions/ Divestitures	0
Currency Translation Adjustment	(20)
Goodwill, ending balance	3,360
Energy and Sustainability Solutions \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	1,727
Acquisitions/ Divestitures	0
Currency Translation Adjustment	(2)
Goodwill, ending balance	$ 1,725

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	$ 7,199	$ 7,259
Finite-lived intangible assets, accumulated amortization	(5,034)	(4,999)
Net Carrying Amount	2,165	2,260
Indefinite-lived intangible assets (excluding goodwill)	971	971
Intangible assets, gross (excluding goodwill)	8,170	8,230
Other intangible assets—net	3,136	3,231
Patents and technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	2,390	2,399
Finite-lived intangible assets, accumulated amortization	(1,851)	(1,837)
Net Carrying Amount	539	562
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	4,153	4,199
Finite-lived intangible assets, accumulated amortization	(2,619)	(2,601)
Net Carrying Amount	1,534	1,598
Trademarks
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	357	362
Finite-lived intangible assets, accumulated amortization	(287)	(284)
Net Carrying Amount	70	78
Other
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, gross	299	299
Finite-lived intangible assets, accumulated amortization	(277)	(277)
Net Carrying Amount	$ 22	$ 22

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - NET - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 70	$ 68

LONG-TERM DEBT AND CREDIT AGR_3

LONG-TERM DEBT AND CREDIT AGREEMENTS - Schedule (Details) € in Millions, $ in Millions	Mar. 31, 2024 USD ($)	Mar. 11, 2024	Mar. 01, 2024 USD ($)	Mar. 01, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Debt issuance costs	$ (304)				$ (245)
Total Long-term debt and current related maturities	23,437				18,358
Less: Current maturities of long-term debt	1,254				1,796
Total Long-term debt	22,183				16,562
Fair Value Hedging \| Derivatives in fair value hedging relationships
Debt Instrument [Line Items]
Fair value of hedging instruments	(208)				(166)
0.00% Euro notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 0				547
Interest rate	0%	0%
2.30% notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 750				750
Interest rate	2.30%
4.85% notes due 2024
Debt Instrument [Line Items]
Senior notes	$ 400				400
Interest rate	4.85%
1.35% notes due 2025
Debt Instrument [Line Items]
Senior notes	$ 1,250				1,250
Interest rate	1.35%
2.50% notes due 2026
Debt Instrument [Line Items]
Senior notes	$ 1,500				1,500
Interest rate	2.50%
1.10% notes due 2027
Debt Instrument [Line Items]
Senior notes	$ 1,000				1,000
Interest rate	1.10%
3.50% Euro notes due 2027
Debt Instrument [Line Items]
Senior notes	$ 703				711
Interest rate	3.50%
4.95% notes due 2028
Debt Instrument [Line Items]
Senior notes	$ 500				500
Interest rate	4.95%
2.25% Euro notes due 2028
Debt Instrument [Line Items]
Senior notes	$ 811				820
Interest rate	2.25%
4.25% notes due 2029
Debt Instrument [Line Items]
Senior notes	$ 750				750
Interest rate	4.25%
2.70% notes due 2029
Debt Instrument [Line Items]
Senior notes	$ 750				750
Interest rate	2.70%
4.875% notes due 2029
Debt Instrument [Line Items]
Senior notes	$ 500		$ 500		0
Interest rate	4.875%		4.875%	4.875%
3.375% Euro notes due 2030
Debt Instrument [Line Items]
Senior notes	$ 811			€ 750	0
Interest rate	3.375%		3.375%	3.375%
$1.95% notes due 2030
Debt Instrument [Line Items]
Senior notes	$ 1,000				1,000
Interest rate	1.95%
4.95% notes due 2031
Debt Instrument [Line Items]
Senior notes	$ 500		$ 500		0
Interest rate	4.95%		4.95%	4.95%
$1.75% notes due 2031
Debt Instrument [Line Items]
Senior notes	$ 1,500				1,500
Interest rate	1.75%
0.75% Euro notes due 2032
Debt Instrument [Line Items]
Senior notes	$ 541				547
Interest rate	0.75%
3.75% Euro notes due 2032
Debt Instrument [Line Items]
Senior notes	$ 541				547
Interest rate	3.75%
5.00% notes due 2033
Debt Instrument [Line Items]
Senior notes	$ 1,100				1,100
Interest rate	5%
4.50% notes due 2034
Debt Instrument [Line Items]
Senior notes	$ 1,000				1,000
Interest rate	4.50%
4.125% Senior Notes due 2034
Debt Instrument [Line Items]
Senior notes	$ 1,082				1,094
Interest rate	4.125%
5.00% notes due 2035
Debt Instrument [Line Items]
Senior notes	$ 750		$ 750		0
Interest rate	5%		5%	5%
3.75% Euro notes due 2036
Debt Instrument [Line Items]
Senior notes	$ 811			€ 750	0
Interest rate	3.75%		3.75%	3.75%
$5.70% notes due 2036
Debt Instrument [Line Items]
Senior notes	$ 441				441
Interest rate	5.70%
5.70% notes due 2037
Debt Instrument [Line Items]
Senior notes	$ 462				462
Interest rate	5.70%
5.375% notes due 2041
Debt Instrument [Line Items]
Senior notes	$ 417				417
Interest rate	5.375%
3.812% notes due 2047
Debt Instrument [Line Items]
Senior notes	$ 442				442
Interest rate	3.812%
2.80% notes due 2050
Debt Instrument [Line Items]
Senior notes	$ 750				750
Interest rate	2.80%
5.25% notes due 2054
Debt Instrument [Line Items]
Senior notes	$ 1,750		$ 1,750		0
Interest rate	5.25%		5.25%	5.25%
5.35% notes due 2064
Debt Instrument [Line Items]
Senior notes	$ 650		$ 650		0
Interest rate	5.35%		5.35%	5.35%
Industrial development bond obligations, floating rate maturing at various dates through 2037
Debt Instrument [Line Items]
Industrial development bond obligations, floating rate maturing at various dates through 2037	$ 22				22
6.625% debentures due 2028
Debt Instrument [Line Items]
Debentures	$ 201				201
Interest rate	6.625%
9.065% debentures due 2033
Debt Instrument [Line Items]
Debentures	$ 51				51
Interest rate	9.065%
Other (including capitalized leases), 6.5% weighted average interest rate maturing at various dates through 2029
Debt Instrument [Line Items]
Other (including capitalized leases), 6.5% weighted average interest rate maturing at various dates through 2029	$ 213				$ 217
Weighted average interest rate	6.50%

LONG-TERM DEBT AND CREDIT AGR_4

LONG-TERM DEBT AND CREDIT AGREEMENTS - Narrative (Details) € in Millions	Mar. 18, 2024 USD ($)	Mar. 01, 2024 USD ($)	Mar. 20, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 11, 2024	Mar. 01, 2024 EUR (€)	Dec. 31, 2023 USD ($)
364-Day Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Short-term debt, borrowing capacity	$ 1,500,000,000		$ 1,500,000,000
Debt term	364 days		364 days
Short-term outstanding borrowings				$ 0
4.875% notes due 2029
Debt Instrument [Line Items]
Senior notes		$ 500,000,000		$ 500,000,000			$ 0
Interest rate		4.875%		4.875%		4.875%
4.95% notes due 2031
Debt Instrument [Line Items]
Senior notes		$ 500,000,000		$ 500,000,000			0
Interest rate		4.95%		4.95%		4.95%
5.00% notes due 2035
Debt Instrument [Line Items]
Senior notes		$ 750,000,000		$ 750,000,000			0
Interest rate		5%		5%		5%
5.25% notes due 2054
Debt Instrument [Line Items]
Senior notes		$ 1,750,000,000		$ 1,750,000,000			0
Interest rate		5.25%		5.25%		5.25%
5.35% notes due 2064
Debt Instrument [Line Items]
Senior notes		$ 650,000,000		$ 650,000,000			0
Interest rate		5.35%		5.35%		5.35%
Notes
Debt Instrument [Line Items]
Gross proceeds		$ 4,200,000,000
Discount and closing costs related to the offering		$ 44,000,000
3.375% Euro notes due 2030
Debt Instrument [Line Items]
Senior notes				$ 811,000,000		€ 750	0
Interest rate		3.375%		3.375%		3.375%
3.75% Euro notes due 2036
Debt Instrument [Line Items]
Senior notes				$ 811,000,000		€ 750	0
Interest rate		3.75%		3.75%		3.75%
0.000% Senior Notes due 2024
Debt Instrument [Line Items]
Senior notes				$ 0			$ 547,000,000
Interest rate				0%	0%
Line of Credit \| 5-Year Credit Agreement
Debt Instrument [Line Items]
Debt term	5 years		5 years
Line of credit facility, maximum borrowing capacity	$ 4,000,000,000		$ 4,000,000,000
Borrowing capacity upon certain terms	$ 4,500,000,000
Long-term outstanding borrowings				$ 0
Euro Notes
Debt Instrument [Line Items]
Gross proceeds		$ 1,600,000,000
Discount and closing costs related to the offering		$ 21,000,000

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Right-of-use assets obtained in exchange for lease obligations
Operating leases	$ 58	$ 20
Finance leases	$ 24	$ 31

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet Information (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Operating leases
Other assets	$ 1,007	$ 1,004
Accrued liabilities	196	196
Other liabilities	902	897
Total operating lease liabilities	1,098	1,093
Finance leases
Property, plant and equipment	404	402
Accumulated depreciation	(211)	(204)
Property, plant and equipment—net	193	198
Current maturities of long-term debt	88	86
Long-term debt	89	99
Total finance lease liabilities	$ 177	$ 185
Operating lease, right-of-use asset, statement of financial position	Other assets	Other assets
Operating lease, liability, current, statement of financial position	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating lease, liability, noncurrent, statement of financial position	Other liabilities	Other liabilities
Finance lease, liability, current, statement of financial position	Less: Current maturities of long-term debt	Less: Current maturities of long-term debt
Finance lease, liability, noncurrent, statement of financial position	Total Long-term debt	Total Long-term debt

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Notional and Fair Value of Outstanding Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivative [Line Items]
Notional	$ 22,431	$ 17,897
Fair Value Asset	54	53
Fair Value (Liability)	(299)	(339)
Derivatives in fair value hedging relationships
Derivative [Line Items]
Notional	11,312	9,699
Fair Value Asset	46	46
Fair Value (Liability)	(281)	(334)
Derivatives in fair value hedging relationships \| Fair Value Hedging \| Interest rate swap agreements
Derivative [Line Items]
Notional	4,702	4,717
Fair Value Asset	0	18
Fair Value (Liability)	(208)	(184)
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	742	712
Fair Value Asset	42	28
Fair Value (Liability)	(1)	(4)
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Commodity contracts
Derivative [Line Items]
Notional	4	6
Fair Value Asset	0	0
Fair Value (Liability)	0	(1)
Derivatives in fair value hedging relationships \| Net Investment Hedging \| Cross currency swap agreements
Derivative [Line Items]
Notional	5,864	4,264
Fair Value Asset	4	0
Fair Value (Liability)	(72)	(145)
Derivatives not designated as hedging instruments \| Foreign currency exchange contracts
Derivative [Line Items]
Notional	11,119	8,198
Fair Value Asset	8	7
Fair Value (Liability)	$ (18)	$ (5)

DERIVATIVE INSTURMENTS AND HEDG

DERIVATIVE INSTURMENTS AND HEDGING TRANSACTIONS - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Foreign currency exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of hedged item	$ 7,118	$ 6,099

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Cumulative Basis Adjustments for Fair Value Hedges (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged Liability, Statement of Financial Position [Extensible Enumeration]	Total Long-term debt	Total Long-term debt
Derivatives in fair value hedging relationships
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Carrying Amount of Hedged Item	$ 4,494	$ 4,551
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Item	$ (208)	$ (166)

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING TRANSACTIONS - Location and Impact to Consolidated Statement of Operations Related to Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	$ 9,105	$ 8,864
Costs of products and services sold	5,583	5,498
Selling, General and Administrative Expenses	1,302	1,317
Other (Income) Expense	(231)	(260)
Interest and Other Financial Charges	220	170
Foreign currency exchange contracts \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0
Foreign currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0
Foreign currency exchange contracts \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	23	(80)
Foreign currency exchange contracts \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income (loss) into income	1	1
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income (loss) into income	1	1
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income (loss) into income	0	0
Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income (loss) into income	0	0
Derivatives in fair value hedging relationships \| Fair Value Hedging \| Gain (loss) on cash flow hedges \| Interest rate swap agreements \| Net Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0
Derivatives designated as hedges	0	0
Derivatives in fair value hedging relationships \| Fair Value Hedging \| Gain (loss) on cash flow hedges \| Interest rate swap agreements \| Selling, general and administrative expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0
Derivatives designated as hedges	0	0
Derivatives in fair value hedging relationships \| Fair Value Hedging \| Gain (loss) on cash flow hedges \| Interest rate swap agreements \| Other (Income) Expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0
Derivatives designated as hedges	0	0
Derivatives in fair value hedging relationships \| Fair Value Hedging \| Gain (loss) on cash flow hedges \| Interest rate swap agreements \| Interest and Other Financial Charges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	42	(67)
Derivatives designated as hedges	(42)	67
Product
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	6,263	6,310
Costs of products and services sold	4,035	4,068
Product \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0
Product \| Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income (loss) into income	2	3
Product \| Derivatives in fair value hedging relationships \| Fair Value Hedging \| Gain (loss) on cash flow hedges \| Interest rate swap agreements \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0
Derivatives designated as hedges	0	0
Service
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Net Sales	2,842	2,554
Costs of products and services sold	1,548	1,430
Service \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange contracts	0	0
Service \| Derivatives in fair value hedging relationships \| Cash Flow Hedging \| Gain (loss) on cash flow hedges \| Foreign currency exchange contracts \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount reclassified from accumulated other comprehensive income (loss) into income	1	1
Service \| Derivatives in fair value hedging relationships \| Fair Value Hedging \| Gain (loss) on cash flow hedges \| Interest rate swap agreements \| Cost of products and services sold
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged items	0	0
Derivatives designated as hedges	$ 0	$ 0

DERIVATIVE INSTURMENTS AND HE_2

DERIVATIVE INSTURMENTS AND HEDGING TRANSACTIONS - Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss) (Details) - Derivatives in fair value hedging relationships - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Euro-denominated long-term debt
Derivative [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	$ 39	$ (49)
Euro-denominated commercial paper
Derivative [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	19	(28)
Cross currency swap agreements
Derivative [Line Items]
Gain or (loss) on net investment hedges recognized in accumulated other comprehensive income (loss)	$ 75	$ (57)

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Accounted for at Fair Value (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Fair value asset	$ 54	$ 53
Liabilities
Fair value liability	299	339
Fair Value Measurements Recurring
Assets
Available for sale investments	359	280
Right to HWI Net Sale Proceeds	9	9
Total assets	437	364
Liabilities
Total liabilities	299	339
Fair Value Measurements Recurring \| Level 1
Assets
Available for sale investments	66	63
Right to HWI Net Sale Proceeds	0	0
Total assets	81	85
Liabilities
Total liabilities	0	0
Fair Value Measurements Recurring \| Level 2
Assets
Available for sale investments	293	217
Right to HWI Net Sale Proceeds	0	0
Total assets	347	270
Liabilities
Total liabilities	299	339
Fair Value Measurements Recurring \| Level 3
Assets
Available for sale investments	0	0
Right to HWI Net Sale Proceeds	9	9
Total assets	9	9
Liabilities
Total liabilities	0	0
Fair Value Measurements Recurring \| Investments in equity securities
Assets
Investments in equity securities	15	22
Fair Value Measurements Recurring \| Investments in equity securities \| Level 1
Assets
Investments in equity securities	15	22
Fair Value Measurements Recurring \| Investments in equity securities \| Level 2
Assets
Investments in equity securities	0	0
Fair Value Measurements Recurring \| Investments in equity securities \| Level 3
Assets
Investments in equity securities	0	0
Foreign currency exchange contracts \| Fair Value Measurements Recurring
Assets
Fair value asset	50	35
Liabilities
Fair value liability	19	9
Foreign currency exchange contracts \| Fair Value Measurements Recurring \| Level 1
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Foreign currency exchange contracts \| Fair Value Measurements Recurring \| Level 2
Assets
Fair value asset	50	35
Liabilities
Fair value liability	19	9
Foreign currency exchange contracts \| Fair Value Measurements Recurring \| Level 3
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Interest rate swap agreements \| Fair Value Measurements Recurring
Assets
Fair value asset	0	18
Liabilities
Fair value liability	208	184
Interest rate swap agreements \| Fair Value Measurements Recurring \| Level 1
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Interest rate swap agreements \| Fair Value Measurements Recurring \| Level 2
Assets
Fair value asset	0	18
Liabilities
Fair value liability	208	184
Interest rate swap agreements \| Fair Value Measurements Recurring \| Level 3
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Cross currency swap agreements \| Fair Value Measurements Recurring
Assets
Fair value asset	4	0
Liabilities
Fair value liability	72	145
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 1
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 2
Assets
Fair value asset	4	0
Liabilities
Fair value liability	72	145
Cross currency swap agreements \| Fair Value Measurements Recurring \| Level 3
Assets
Fair value asset	0	0
Liabilities
Fair value liability	0	0
Commodity contracts \| Fair Value Measurements Recurring
Liabilities
Fair value liability	0	1
Commodity contracts \| Fair Value Measurements Recurring \| Level 1
Liabilities
Fair value liability	0	0
Commodity contracts \| Fair Value Measurements Recurring \| Level 2
Liabilities
Fair value liability	0	1
Commodity contracts \| Fair Value Measurements Recurring \| Level 3
Liabilities
Fair value liability	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair value of cash proceeds from sale	$ 0	$ 275
Fair value, measurement with unobservable inputs reconciliation, recurring basis, asset, period increase (decrease)		$ (11)

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Level 3 Fair Value Assets and Liabilities (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 9
Receipt of HWI net sale proceeds	0	$ (275)
Fair value adjustment of HWI Net Sale Proceeds	0
Balance at end of period	$ 9	$ 9

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Assets and Liabilities Not Carried at Fair Value (Details) - Level 2 - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Carrying Value
Assets
Long-term receivables	$ 260	$ 232
Liabilities
Long-term debt and related current maturities	23,437	18,358
Fair Value
Assets
Long-term receivables	190	173
Liabilities
Long-term debt and related current maturities	$ 22,515	$ 17,706

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic
Net income attributable to Honeywell	$ 1,463	$ 1,394
Weighted average shares outstanding (in shares)	652.3	667.8
Earnings per share of common stock - basic (in dollars per share)	$ 2.24	$ 2.09
Assuming Dilution
Net income attributable to Honeywell	$ 1,463	$ 1,394
Average shares
Weighted average shares outstanding (in shares)	652.3	667.8
Dilutive securities issuable - stock plans (in shares)	4.3	5.2
Total weighted average shares outstanding (in shares)	656.6	673
Earnings per share of common stock - assuming dilution (in dollars per share)	$ 2.23	$ 2.07
Stock options excluded from diluted computations (in shares)	4.9	4
Total shareowners' equity (in shares)	651.2	665.7
Shares issued (in shares)	957.6	957.6

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 16,434
Other comprehensive income (loss), net of tax	63	$ (62)
Ending balance	17,045	17,515
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(4,135)	(3,475)
Other comprehensive income (loss) before reclassifications	96	(49)
Amounts reclassified from accumulated other comprehensive income (loss)	(9)	(14)
Other comprehensive income (loss), net of tax	87	(63)
Ending balance	(4,048)	(3,538)
Foreign Exchange Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(3,101)	(2,832)
Other comprehensive income (loss) before reclassifications	78	(59)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Other comprehensive income (loss), net of tax	78	(59)
Ending balance	(3,023)	(2,891)
Pension and Other Postretirement Benefit Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,055)	(648)
Other comprehensive income (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	(5)	(12)
Other comprehensive income (loss), net of tax	(5)	(12)
Ending balance	(1,060)	(660)
Changes in Fair Value of Available for Sale Investments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2)	(7)
Other comprehensive income (loss) before reclassifications	0	(6)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0
Other comprehensive income (loss), net of tax	0	(6)
Ending balance	(2)	(13)
Changes in Fair Value of Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	23	12
Other comprehensive income (loss) before reclassifications	18	16
Amounts reclassified from accumulated other comprehensive income (loss)	(4)	(2)
Other comprehensive income (loss), net of tax	14	14
Ending balance	$ 37	$ 26

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Environmental Matters (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Accrual for Environmental Loss Contingencies [Roll Forward]
Beginning of period	$ 641
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Accruals for environmental matters deemed probable and reasonably estimable	$ 82
Environmental liability payments	(61)
End of period	$ 662
Loss Contingency, Classification of Accrual [Abstract]
Environmental Loss Contingency, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Accrued liabilities	$ 228	$ 227
Environmental Loss Contingency, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Other liabilities	$ 434	$ 414
Total environmental liabilities	$ 662	$ 641
Environmental Liabilities \| Resideo
Loss Contingency, Classification of Accrual [Abstract]
Cash payments of annual environmental spending percentage	90%
Indemnification and reimbursement agreement annual cap	$ 140
Indemnification and reimbursement agreement minimum amount (less than)	25
Reimbursements from indemnification and reimbursement agreement	$ 35
Receivable as a percentage of environmental costs incurred	90%
Reimbursement receivable indemnification and reimbursement agreement	$ 59
Other current assets, reimbursement agreement	140
Other assets, reimbursement agreement	$ 545

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Asbestos-Related Liabilities (Details) - USD ($) $ in Millions			3 Months Ended	12 Months Ended
	Dec. 08, 2022	Nov. 20, 2022	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries for asbestos-related liabilities			$ 164	$ 170
Asbestos-related liabilities			1,467	1,490
Fair value of cash proceeds from sale			0	275
Total
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period			1,644
Accrual for update to estimated liability			10
Change in estimated cost of future claims			5
Asbestos-related liability payments			(55)
Asbestos related liabilities, end of period			1,604	1,644
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period			211
Probable insurance recoveries related to estimated liability			0
Insurance receipts for asbestos-related liabilities			(6)
Insurance recoveries, end of period			205	211
Other current assets			41	41
Insurance recoveries for asbestos-related liabilities			164	170
Total insurance recoveries for asbestos-related liabilities			205	211
Accrued liabilities			137	154
Asbestos-related liabilities			1,467	1,490
Total asbestos-related liabilities			1,604	1,644
Bendix
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period			1,644
Accrual for update to estimated liability			10
Change in estimated cost of future claims			5
Asbestos-related liability payments			(55)
Asbestos related liabilities, end of period			1,604	1,644
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period			123
Probable insurance recoveries related to estimated liability			0
Insurance receipts for asbestos-related liabilities			(3)
Insurance recoveries, end of period			120	123
Total insurance recoveries for asbestos-related liabilities			120	123
Total asbestos-related liabilities			1,604	1,644
Change in NARCO trust liability for annual contribution claims				(522)
Bendix \| Shortening Look-Back Period
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Change in NARCO trust liability for annual contribution claims				434
NARCO
Loss Contingency Accrual [Roll Forward]
Asbestos related liabilities, beginning of period			0
Accrual for update to estimated liability			0
Change in estimated cost of future claims			0
Asbestos-related liability payments			0
Asbestos related liabilities, end of period			0	0
Asbestos Related Liabilities Insurance Recoveries [Roll Forward]
Insurance recoveries, beginning of period			88
Probable insurance recoveries related to estimated liability			0
Insurance receipts for asbestos-related liabilities			(3)
Insurance recoveries, end of period			85	88
Total insurance recoveries for asbestos-related liabilities			85	88
Total asbestos-related liabilities			$ 0	$ 0
Annual trust cap	$ 1,325	$ 1,325
Loss contingency, accrual, annual operating expenses of trust					$ 30
Change in NARCO trust liability for annual contribution claims	688
Loss contingency, buyout agreement, proceeds from sale	$ 295

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Bendix-Related Asbestos Claims Activity (Details) - Bendix - claim	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loss Contingency Claims [Roll Forward]
Claims unresolved at the beginning of period	5,517	5,608	6,401
Claims filed	360	1,803	2,014
Claims resolved	(504)	(1,894)	(2,807)
Claims unresolved at the end of period	5,373	5,517	5,608

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES - Disease Distribution of Unresolved Claims (Details) - Bendix - claim	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loss Contingency Disease Distribution Of Unresolved Claims [Line Items]
Mesothelioma and other cancer claims	3,273	3,244	3,283
Nonmalignant claims	2,100	2,273	2,325
Total claims	5,373	5,517	5,608	6,401

COMMITMENTS AND CONTINGENCIES_5

COMMITMENTS AND CONTINGENCIES - Resolution Values Per Claim Excluding Legal Costs (Details) - Bendix - $ / claim	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Resolution Values Per Claim [Line Items]
Malignant claims (in dollars per claim)	66,200	59,200	56,000	61,500	50,200
Nonmalignant claims (in dollars per claim)	1,730	520	400	550	3,900

COMMITMENTS AND CONTINGENCIES_6

COMMITMENTS AND CONTINGENCIES - Petrobras and Unaoil Matters (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2023	Mar. 31, 2024
Loss Contingency, Narco and Bendix Asbestos Related Balances by Balance Sheet Caption [Line Items]
Environmental liability payments		$ 61
Petrobras
Loss Contingency, Narco and Bendix Asbestos Related Balances by Balance Sheet Caption [Line Items]
Environmental liability payments	$ 202.7

PENSION BENEFITS (Details)

PENSION BENEFITS (Details) - Pension Plan - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 7	$ 7
Interest cost	150	161
Expected return on plan assets	(281)	(278)
Amortization of prior service (credit) cost	(2)	(10)
Net periodic benefit income	(126)	(120)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	3
Interest cost	47	49
Expected return on plan assets	(74)	(67)
Net periodic benefit income	$ (24)	$ (15)

OTHER (INCOME) EXPENSE (Details

OTHER (INCOME) EXPENSE (Details) - USD ($) $ in Millions	3 Months Ended
OTHER (INCOME) EXPENSE (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Other Income and Expenses [Line Items]
Interest income	$ (105)	$ (76)
Equity income of affiliated companies	(16)	(35)
Foreign exchange loss	26	2
Expense (benefit) related to Russia-Ukraine Conflict	17	(4)
Other, net	14	5
Total	(231)	(260)
Pension Plan
Other Income and Expenses [Line Items]
Ongoing income - non-service	(161)	(146)
Other Postretirement Benefits Plan
Other Income and Expenses [Line Items]
Ongoing income - non-service	$ (6)	$ (6)

SEGMENT FINANCIAL DATA - Additi

SEGMENT FINANCIAL DATA - Additional Information (Details)	3 Months Ended
SEGMENT FINANCIAL DATA - Additional Information (Details)	Mar. 31, 2024 segment
Segment Reporting [Abstract]
Number of operating segments	4
Number of reportable segments	2

SEGMENT FINANCIAL DATA (Details

SEGMENT FINANCIAL DATA (Details) - USD ($) $ in Millions	3 Months Ended
SEGMENT FINANCIAL DATA (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Net sales	$ 9,105	$ 8,864
Total segment profit	2,021	1,947
Interest and other financial charges	(220)	(170)
Interest income	105	76
Repositioning and other charges	(93)	(141)
Income before taxes	1,871	1,782
Product
Segment Reporting Information [Line Items]
Net sales	6,263	6,310
Service
Segment Reporting Information [Line Items]
Net sales	2,842	2,554
Corporate and All Other
Segment Reporting Information [Line Items]
Net sales	7	2
Total segment profit	(71)	(81)
Corporate and All Other \| Service
Segment Reporting Information [Line Items]
Net sales	7	2
Segment Reconciling Items
Segment Reporting Information [Line Items]
Interest and other financial charges	(220)	(170)
Interest income	105	76
Stock compensation expense	(53)	(59)
Repositioning and other charges	(93)	(141)
Other expense	(40)	(7)
Income before taxes	1,871	1,782
Segment Reconciling Items \| Pension Plan
Segment Reporting Information [Line Items]
Pension ongoing income	145	130
Segment Reconciling Items \| Other Postretirement Benefits Plan
Segment Reporting Information [Line Items]
Pension ongoing income	6	6
Aerospace Technologies \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	3,669	3,111
Total segment profit	1,031	827
Repositioning and other charges	(5)	(3)
Aerospace Technologies \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	2,025	1,672
Aerospace Technologies \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	1,644	1,439
Industrial Automation \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,478	2,803
Total segment profit	417	526
Repositioning and other charges	(17)	(48)
Industrial Automation \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,800	2,159
Industrial Automation \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	678	644
Building Automation \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,426	1,487
Total segment profit	342	375
Repositioning and other charges	(4)	(27)
Building Automation \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,057	1,132
Building Automation \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	369	355
Energy and Sustainability Solutions \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,525	1,461
Total segment profit	302	300
Repositioning and other charges	(18)	(11)
Energy and Sustainability Solutions \| Operating Segments \| Product
Segment Reporting Information [Line Items]
Net sales	1,381	1,347
Energy and Sustainability Solutions \| Operating Segments \| Service
Segment Reporting Information [Line Items]
Net sales	$ 144	$ 114