REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

See the following table and related discussions by operating segment for details.

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Aerospace
Commercial Aviation Original Equipment	$	449	$	734	$	1,121	$	1,493
Commercial Aviation Aftermarket	653		1,421		2,033		2,782
Defense and Space	1,441		1,353		2,750		2,574
	2,543		3,508		5,904		6,849
Honeywell Building Technologies
Products	664		843		$	1,412	$	1,653
Building Solutions	513		607		1,046		1,186
	1,177		1,450		2,458		2,839
Performance Materials and Technologies
UOP	517		703		1,111		1,313
Process Solutions	1,093		1,289		2,244		2,535
Specialty Products	272		265		525		534
Fluorine Products	336		478		735		925
	2,218		2,735		4,615		5,307
Safety and Productivity Solutions
Safety and Retail	511		557		1,013		1,095
Productivity Products	227		267		478		538
Warehouse and Workflow Solutions	595		501		1,089		1,060
Sensing & Internet-of-Things (IoT)	206		225		383		439
	1,539		1,550		2,963		3,132
Net sales	$	7,477	$	9,243	$	15,940	$	18,127

The disaggregation of our revenue based off timing of recognition is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Products, transferred point in time	61	%	61	%	61	%	61	%
Products, transferred over time	16		14		15		15
Net product sales	77		75		76		76
Services, transferred point in time	7		8		8		8
Services, transferred over time	16		17		16		16
Net service sales	23		25		24		24
Net sales	100	%	100	%	100	%	100	%

Contract with Customer Asset and Liability [Table Text Block]

The following table summarizes the Company's contract assets and liabilities balances: 

	2020		2019
Contract assets - January 1	$	1,602	$	1,548
Contract assets - June 30	1,760		1,777
Change in contract assets - increase (decrease)	$	158	$	229
Contract liabilities - January 1	$	(3,501)	$	(3,378)
Contract liabilities - June 30	(3,574)		(3,237)
Change in contract liabilities - decrease (increase)	$	(73)	$	141
Net change	$	85	$	370

Revenue Remaining Performance Obligation Expected Timing of Satisfaction [Table Text Block]

The following table outlines the Company's remaining performance obligations disaggregated by segment: 

	June 30, 2020
Aerospace	$	10,198
Honeywell Building Technologies	5,421
Performance Materials and Technologies	6,565
Safety and Productivity Solutions	3,535
	$	25,719