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CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 2,397 $ 2,895
Less: Net income attributable to the noncontrolling interest 2 38
Net income attributable to Honeywell 2,395 2,857
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities:    
Depreciation 328 335
Amortization 277 290
Gain on sale of non-strategic businesses and assets 0 (90)
Repositioning and other charges 614 242
Net payments for repositioning and other charges (220) (358)
Pension and other postretirement income (521) (583)
Pension and other postretirement benefit payments (5) (27)
Stock compensation expense 113 116
Deferred income taxes 120 101
Other 81 (277)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts receivable (904) (127)
Inventories (434) (271)
Other current assets (38) (98)
Accounts payable (240) 402
Accrued liabilities (741) (256)
Net cash provided by operating activities 825 2,256
Cash flows from investing activities:    
Expenditures for property, plant and equipment (341) (406)
Proceeds from disposals of property, plant and equipment 11 14
Increase in investments (470) (1,397)
Decrease in investments 646 1,331
Receipts from Garrett Motion Inc. 409 375
Receipts (payments) from settlements of derivative contracts 337 (23)
Cash paid for acquisitions, net of cash acquired (178) (1,327)
Proceeds from sales of businesses, net of fees paid 0 190
Net cash provided by (used for) investing activities 414 (1,243)
Cash flows from financing activities:    
Proceeds from issuance of commercial paper and other short-term borrowings 2,924 2,358
Payments of commercial paper and other short-term borrowings (2,926) (2,355)
Proceeds from issuance of common stock 75 114
Proceeds from issuance of long-term debt 1 27
Payments of long-term debt (89) (835)
Repurchases of common stock (2,437) (1,849)
Cash dividends paid (1,359) (1,304)
Other (21) (33)
Net cash used for financing activities (3,832) (3,877)
Effect of foreign exchange rate changes on cash and cash equivalents (118) 16
Net decrease in cash and cash equivalents (2,711) (2,848)
Cash and cash equivalents at beginning of period 10,959 14,275
Cash and cash equivalents at end of period $ 8,248 $ 11,427