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PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)
 12 Months Ended
Dec. 31, 2020
Retirement Benefits [Abstract]  
Defined Benefit Plans Disclosure
 Pension Benefits
U.S. PlansNon-U.S. Plans
2020201920202019
Change in benefit obligation:    
Benefit obligation at beginning of year$17,283 $16,141 $6,897 $6,182 
Service cost99 82 23 22 
Interest cost461 613 106 142 
Plan amendments— — 2 — 
Actuarial (gains) losses(1)
1,331 2,064 509 708 
Benefits paid(1,100)(1,111)(246)(269)
Settlements and curtailments(21)(507)— — 
Foreign currency translation— — 291 107 
Other1 1 88 5 
Benefit obligation at end of year18,054 17,283 7,670 6,897 
Change in plan assets:
Fair value of plan assets at beginning of year18,995 17,109 7,307 6,481 
Actual return on plan assets2,475 3,458 918 863 
Company contributions46 45 116 62 
Benefits paid(1,100)(1,111)(246)(269)
Settlements and curtailments(21)(507)— — 
Foreign currency translation— — 253 165 
Other1 1 102 5 
Fair value of plan assets at end of year20,396 18,995 8,450 7,307 
Funded status of plans$2,342 $1,712 $780 $410 
Amounts recognized in Consolidated Balance Sheet consist of:
Prepaid pension benefit cost(2)
$2,695 $2,069 $1,688 $1,196 
Accrued pension liabilities—current(3)
(29)(32)(14)(13)
Accrued pension liabilities—noncurrent(4)
(324)(325)(894)(773)
Net amount recognized$2,342 $1,712 $780 $410 
(1)Actuarial losses incurred in 2020 related to our U.S. and non-U.S. plans are primarily the result of a decrease in the discount rate assumptions used to estimate the benefit obligations as of December 31, 2020 compared to December 31, 2019. Actuarial losses incurred in 2019 related to our U.S. and non-U.S. plans are primarily the result of a decrease in the discount rate assumptions used to estimate the benefit obligations as of December 31, 2019 compared to December 31, 2018.
(2)Included in Other assets on the Consolidated Balance Sheet
(3)Included in Accrued liabilities on the Consolidated Balance Sheet
(4)Included in Other liabilities on the Consolidated Balance Sheet
 Other
Postretirement
Benefits
20202019
Change in benefit obligation:
Benefit obligation at beginning of year$325 $364 
Service cost— — 
Interest cost8 14 
Plan amendments(65)(2)
Actuarial (gains) losses(8)(16)
Benefits paid(31)(35)
Benefit obligation at end of year229 325 
Change in plan assets:
Fair value of plan assets at beginning of year— — 
Actual return on plan assets— — 
Company contributions— — 
Benefits paid— — 
Fair value of plan assets at end of year— — 
Funded status of plans$(229)$(325)
Amounts recognized in Consolidated Balance Sheet consist of:
Accrued liabilities$(27)$(40)
Postretirement benefit obligations other than pensions(1)
(202)(285)
Net amount recognized$(229)$(325)
(1)Excludes non-U.S. plan of $40 million and $41 million as of December 31, 2020 and 2019.
Other Changes in Plan Assets Recognized in Other Comprehensive Income
 Pension Benefits
U.S. PlansNon-U.S. Plans
2020201920202019
Prior service (credit) cost$(134)$(176)$23 $21 
Net actuarial (gain) loss505 544 629 701 
Net amount recognized$371 $368 $652 $722 

 Other Postretirement Benefits
20202019
Prior service (credit) cost$(165)$(166)
Net actuarial (gain) loss(28)(20)
Net amount recognized$(193)$(186)
Net Periodic Benefit Cost
Net Periodic Benefit CostPension Benefits
U.S. PlansNon-U.S. Plans
202020192018202020192018
Service cost$99 $82 $140 $23 $22 $26 
Interest cost461 613 573 106 142 143 
Expected return on plan assets(1,135)(1,117)(1,426)(336)(331)(443)
Amortization of prior service (credit) cost(42)(42)(43)— — (1)
Recognition of actuarial losses26 35 — 18 88 37 
Settlements and curtailments4 4 — — — (3)
Net periodic benefit (income) cost$(587)$(425)$(756)$(189)$(79)$(241)

Other Changes in Plan Assets and
Benefits Obligations Recognized in Other Comprehensive (Income) Loss		U.S. PlansNon-U.S. Plans
202020192018202020192018
Actuarial (gains) losses$(9)$(277)$619 $(73)$176 $250 
Prior service (credit) cost— — — 2 — 30 
Prior service credit recognized during year42 42 43 — — 4 
Actuarial losses recognized during year(30)(39)— (18)(88)(37)
Foreign currency translation— — — 19 14 (34)
Total recognized in other comprehensive (income) loss$3 $(274)$662 $(70)$102 $213 
Total recognized in net periodic benefit (income) cost and other comprehensive (income) loss$(584)$(699)$(94)$(259)$23 $(28)
Net Periodic Benefit CostOther Postretirement Benefits
Years Ended December 31,
202020192018
Service cost$— $— $— 
Interest cost8 14 15 
Amortization of prior service (credit) cost(66)(62)(52)
Recognition of actuarial losses— — 3 
Net periodic benefit (income) cost$(58)$(48)$(34)

Other Changes in Plan Assets and Benefits Obligations
Recognized in Other Comprehensive (Income) Loss		Years Ended December 31,
202020192018
Actuarial (gains) losses$(8)$(16)$(110)
Prior service (credit) cost(65)(2)(34)
Prior service credit recognized during year66 62 52 
Actuarial losses recognized during year— — (3)
Total recognized in other comprehensive (income) loss$(7)$44 $(95)
Total recognized in net periodic benefit (income) cost and other comprehensive (income) loss$(65)$(4)$(129)
Assumptions Used in Calculations
 Pension Benefits
U.S. PlansNon-U.S. Plans
202020192018202020192018
Actuarial assumptions used to determine benefit obligations as of December 31:
Discount rate2.50 %3.22 %4.35 %1.23 %1.81 %2.63 %
Expected annual rate of compensation increase3.25 %3.25 %3.25 %2.43 %2.47 %2.46 %
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
Discount rate—benefit obligation3.22 %4.35 %3.68 %1.81 %2.63 %2.36 %
Discount rate—service cost3.33 %4.47 %3.77 %1.48 %2.26 %2.20 %
Discount rate—interest cost2.76 %3.94 %3.27 %1.56 %2.34 %2.08 %
Expected rate of return on plan assets6.15 %6.75 %7.75 %4.66 %5.14 %6.23 %
Expected annual rate of compensation increase3.25 %3.25 %4.50 %2.47 %2.46 %2.49 %

 Other Postretirement Benefits
202020192018
Actuarial assumptions used to determine benefit obligations as of December 31:
Discount rate2.20 %3.03 %4.07 %
Actuarial assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate(1)
2.36 %4.07 %3.39 %
(1) Discount rate was 3.03% for January 1, 2020 through September 30, 2020. The rate was changed to 2.36% for the remainder of 2020 due to a Plan remeasurement as of October 1, 2020.
Accumulated Benefit Obligations in Excess of Plan Assets
 December 31,
U.S. PlansNon-U.S. Plans
2020201920202019
Projected benefit obligation$353 $357 $2,116 $1,018 
Accumulated benefit obligation$341 $347 $2,042 $973 
Fair value of plan assets$— $— $1,208 $233 
Fair Value of Plan Assets
 U.S. Plans
December 31, 2020
TotalLevel 1Level 2Level 3
Equities:
Honeywell common stock$3,319 $3,319 $— $— 
U.S. equities— — — — 
Fixed income:
Short term investments1,314 1,314 — — 
Government securities1,520 — 1,520 — 
Corporate bonds10,190 — 10,190 — 
Mortgage/Asset-backed securities982 — 982 — 
Insurance contracts7 — 7 — 
Direct investments:
Direct private investments1,220 — — 1,220 
Real estate properties651 — — 651 
Total19,203 $4,633 $12,699 $1,871 
Investments measured at NAV:
Private funds1,105 
Real estate funds26 
Commingled Funds62 
Total assets at fair value$20,396 

 U.S. Plans
December 31, 2019
TotalLevel 1Level 2Level 3
Equities:
Honeywell common stock$2,857 $2,857 $— $— 
U.S. equities1,227 1,227 — — 
Fixed income:
Short term investments1,395 1,395 — — 
Government securities1,146 — 1,146 — 
Corporate bonds8,603 — 8,603 — 
Mortgage/Asset-backed securities1,023 — 1,023 — 
Insurance contracts8 — 8 — 
Direct investments:
Direct private investments950 — — 950 
Real estate properties619 — — 619 
Total17,828 $5,479 $10,780 $1,569 
Investments measured at NAV:
Private funds1,019 
Real estate funds42 
Commingled funds106 
Total assets at fair value$18,995 
 Non-U.S. Plans
December 31, 2020
TotalLevel 1Level 2Level 3
Equities:
U.S. equities$207 $— $207 $— 
Non-U.S. equities1,614 66 1,548 — 
Fixed income:
Short-term investments596 596 — — 
Government securities3,105 — 3,105 — 
Corporate bonds1,649 — 1,649 — 
Mortgage/Asset-backed securities93 — 93 — 
Insurance contracts142 — 142 — 
Insurance buy-in contracts767 — — 767 
Investments in private funds:
Private funds65 — 36 29 
Real estate funds147 — — 147 
Total8,385 $662 $6,780 $943 
Investments measured at NAV:
Private funds18 
Real estate funds47 
Total assets at fair value$8,450 

 Non-U.S. Plans
December 31, 2019
TotalLevel 1Level 2Level 3
Equities:
U.S. equities$149 $— $149 $— 
Non-U.S. equities1,384 54 1,330 — 
Fixed income:
Short-term investments522 522 — — 
Government securities3,006 — 3,006 — 
Corporate bonds1,746 — 1,746 — 
Mortgage/Asset-backed securities84 — 84 — 
Insurance contracts120 — 120 — 
Insurance buy-in contracts— — — — 
Investments in private funds:
Private funds69 — 35 34 
Real estate funds150 — — 150 
Total7,230 $576 $6,470 $184 
Investments measured at NAV:
Private funds21 
Real estate funds56 
Total assets at fair value$7,307 
Changes in Fair Value of Level 3 Plan Assets
 U.S. PlansNon-U.S. Plans
Direct
Private
Investments		Real Estate
Properties		Private
Funds		Real Estate
Funds		Insurance Buy-in Contracts
Balance at December 31, 2018$829 $657 $34 $144 $— 
Actual return on plan assets:
Relating to assets still held at year-end15 40 — 7 — 
Relating to assets sold during the year89 (23)— 1 — 
Purchases216 48 — — — 
Sales and settlements(199)(103)— (2)— 
Balance at December 31, 2019950 619 34 150 — 
Actual return on plan assets:
Relating to assets still held at year-end100 (4)(5)(3)— 
Relating to assets sold during the year53 — — — — 
Purchases221 59 — — 767 
Sales and settlements(104)(23)— — — 
Balance at December 31, 2020$1,220 $651 $29 $147 $767 
Estimated Future Benefit Payments
U.S. PlansNon-U.S. Plans
2021$1,147 $240 
20221,143 242 
20231,139 247 
20241,130 252 
20251,116 257 
2026-20305,246 1,365 
Assumed Health Care Cost Trend Rates
 December 31,
20202019
Assumed health care cost trend rate:
Health care cost trend rate assumed for next year7.00 %7.00 %
Rate that the cost trend rate gradually declines to5.00 %5.00 %
Year that the rate reaches the rate it is assumed to remain at20292029
Schedule Of Benefit Payments Reflecting Expected Future Service [Table Text Block]
Without Impact of
Medicare Subsidy		Net of
Medicare Subsidy
2021$29 $27 
202228 25 
202326 24 
202415 14 
202514 13 
2026-203061 57