REPOSITIONING AND OTHER CHARGES (Tables)

6 Months Ended

Jun. 30, 2022

Restructuring and Related Activities [Abstract]

Repositioning and Other Charges

A summary of repositioning and other charges follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Severance		$	25		$	32		$	32		$	60
Asset impairments		25			45			148			87
Exit costs		41			15			58			64
Reserve adjustments		(37)			(22)			(52)			(21)
Total net repositioning charge		54			70			186			190
Asbestos related litigation charges, net of insurance and reimbursements		40			23			86			44
Probable and reasonably estimable environmental liabilities, net of reimbursements		2			6			16			11
Other		131			2			326			(3)
Total net repositioning and other charges		$	227		$	101		$	614		$	242

Pretax Distribution of Total Net Repositioning and Other Charges

The following table summarizes the pretax distribution of total net repositioning and other charges by classification:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Cost of products and services sold		$	145		$	87		$	344		$	185
Selling, general and administrative expenses		25			14			213			57
Other (income) expense		57			—			57			—
		$	227		$	101		$	614		$	242

Pretax Impact of Total Net Repositioning and Other Charges by Segment

The following table summarizes the pretax impact of total net repositioning and other charges by segment. These amounts are excluded from segment profit as described in Note 17 Segment Financial Data:

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Aerospace		$	15		$	9		$	36		$	57
Honeywell Building Technologies		23			(1)			37			4
Performance Materials and Technologies		88			2			247			7
Safety and Productivity Solutions		15			59			142			96
Corporate and All Other		86			32			152			78
		$	227		$	101		$	614		$	242

Total Repositioning Reserves

The following table summarizes the status of the Company's total repositioning reserves:

	Severance Costs			Asset Impairments			Exit Costs			Total
Balance at December 31, 2021		$	289		$	—		$	122		$	411
Charges		32			148			58			238
Usage - cash		(79)			—			(78)			(157)
Usage - noncash		—			(140)			—			(140)
Foreign currency translation		4			—			—			4
Adjustments		(38)			(8)			(6)			(52)
Balance at June 30, 2022		$	208		$	—		$	96		$	304