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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 1,606 $ 1,436
Less: Net income attributable to the noncontrolling interest 25 20
Net income attributable to Honeywell 1,581 1,416
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:    
Depreciation 153 163
Amortization 90 98
Repositioning and other charges 62 84
Net payments for repositioning and other charges (111) (34)
Pension and other postretirement income (212) (163)
Pension and other postretirement benefit payments (14) (30)
Stock compensation expense 44 41
Deferred income taxes (58) 80
Other (179) (4)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts receivable 41 198
Inventories (163) (221)
Other current assets 166 (217)
Accounts payable (54) (29)
Accrued liabilities (407) (248)
Net cash provided by (used for) operating activities 939 1,134
Cash flows from investing activities:    
Expenditures for property, plant and equipment (139) (141)
Proceeds from disposals of property, plant and equipment 7 2
Increase in investments (648) (1,226)
Decrease in investments 843 796
Other 287 (40)
Net cash provided by (used for) investing activities 350 (609)
Cash flows from financing activities:    
Proceeds from issuance of commercial paper and other short-term borrowings 3,455 3,318
Payments of commercial paper and other short-term borrowings (3,373) (3,319)
Proceeds from issuance of common stock 66 145
Proceeds from issuance of long-term debt 1,127 20
Payments of long-term debt (1,125) (13)
Repurchases of common stock (1,923) (750)
Cash dividends paid (635) (606)
Other (38) (30)
Net cash provided by (used for) financing activities (2,446) (1,235)
Effect of foreign exchange rate changes on cash and cash equivalents (189) 48
Net increase (decrease) in cash and cash equivalents (1,346) (662)
Cash and cash equivalents at beginning of period 9,067 9,287
Cash and cash equivalents at end of period $ 7,721 $ 8,625