REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

9 Months Ended

Sep. 30, 2021

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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Aerospace
Commercial Aviation Original Equipment	$	415	$	411	$	1,282	$	1,532
Commercial Aviation Aftermarket	1,083		779		3,008		2,825
Defense and Space	1,234		1,472		3,840		4,209
	2,732		2,662		8,130		8,566
Honeywell Building Technologies
Products	805		745		2,432		2,145
Building Solutions	565		560		1,703		1,618
	1,370		1,305		4,135		3,763
Performance Materials and Technologies
UOP	600		461		1,698		1,572
Process Solutions	1,160		1,135		3,422		3,379
Advanced Materials	750		656		2,288		1,916
	2,510		2,252		7,408		6,867
Safety and Productivity Solutions
Safety and Retail	525		599		1,884		1,612
Productivity Solutions and Services	407		322		1,132		877
Warehouse and Workflow Solutions	716		445		2,440		1,457
Advanced Sensing Technologies	213		212		606		595
	1,861		1,578		6,062		4,541
Net sales	$	8,473	$	7,797	$	25,735	$	23,737

The disaggregation of the Company's revenue based off timing of recognition is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Products, transferred point in time	58	%	61	%	58	%	61	%
Products, transferred over time	16		15		17		15
Net product sales	74		76		75		76
Services, transferred point in time	9		7		8		8
Services, transferred over time	17		17		17		16
Net service sales	26		24		25		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: 

	2021		2020
Contract assets - January 1	$	1,618	$	1,602
Contract assets - September 30	2,087		1,819
Change in contract assets - increase (decrease)	$	469	$	217
Contract liabilities - January 1	$	(4,033)	$	(3,501)
Contract liabilities - September 30	(3,840)		(3,666)
Change in contract liabilities - decrease (increase)	$	193	$	(165)
Net change	$	662	$	52

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

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

	September 30, 2021
Aerospace	$	8,890
Honeywell Building Technologies	6,813
Performance Materials and Technologies	7,573
Safety and Productivity Solutions	4,264
	$	27,540