XML 114 R49.htm IDEA: XBRL DOCUMENT v3.22.4
COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Loss Contingency
The following table summarizes information concerning the Company's recorded liabilities for environmental costs:
 Years Ended December 31,
202220212020
Beginning of year$618 $660 $709 
Accruals for environmental matters deemed probable and reasonably estimable186 168 173 
Environmental liability payments(211)(210)(216)
Other22 — (6)
End of year$615 $618 $660 
Environmental Liabilities
Environmental liabilities are included in the following balance sheet accounts:
 December 31,
20222021
Accrued liabilities$222 $225 
Other liabilities393 393 
$615 $618 
Asbestos Related Liabilities
Year Ended December 31, 2022Year Ended December 31, 2021Year Ended December 31, 2020
BendixNARCOTotalBendixNARCOTotalBendixNARCOTotal
Beginning of year$1,372 $689 $2,061 $1,441 $779 $2,220 $1,499 $858 $2,357 
Accrual for update to estimated liability93 (634)(541)64 31 95 80 18 98 
Change in estimated cost of future claims41 — 41 29 — 29 42 — 42 
Update of expected resolution values for pending claims— — 10 — 10 
Asbestos-related liability payments(216)(55)(271)(165)(121)(286)(190)(97)(287)
NARCO Buyout — 1,325 1,325 — — — — — — 
End of year$1,291 $1,325 $2,616 $1,372 $689 $2,061 $1,441 $779 $2,220 
Insurance Recoveries for Asbestos Related Liabilities
Year Ended December 31, 2022Year Ended December 31, 2021Year Ended December 31, 2020
BendixNARCOTotalBendixNARCOTotalBendixNARCOTotal
Beginning of year$142 $221 $363 $148 $254 $402 $153 $281 $434 
Probable insurance recoveries related to estimated liability— 10 — 10 
Insurance receipts for asbestos-related liabilities(17)(20)(37)(13)(33)(46)(33)(25)(58)
Insurance receivables settlements and write-offs— (68)(68)— — — 18 (2)16 
End of year$130 $135 $265 $142 $221 $363 $148 $254 $402 
NARCO and Bendix Asbestos Related Balances
NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts:
 December 31,
20222021
Other current assets$41 $41 
Insurance recoveries for asbestos-related liabilities224 322 
$265 $363 
Accrued liabilities$1,436 $261 
Asbestos-related liabilities1,180 1,800 
 $2,616 $2,061 
Schedule Of Bendix Loss Contingencies Litigation Claims Activity The following tables present information regarding Bendix related asbestos claims activity:
Claims activityYears Ended December 31,
20222021
Claims unresolved at the beginning of year6,401 6,242 
Claims filed2,014 2,611 
Claims resolved(2,807)(2,452)
Claims unresolved at the end of year5,608 6,401 
Schedule of Bendix Loss Contingencies Disease Distribution
Disease distribution of unresolved claimsYears Ended December 31,
20222021
Mesothelioma and other cancer claims3,283 3,760 
Nonmalignant claims2,325 2,641 
Total claims5,608 6,401 
Average Resolution Values Per Claim Excluding Legal Costs
Honeywell has experienced average resolution values per claim excluding legal costs as follows:
 Years Ended December 31,
20222021202020192018
 (in whole dollars)
Malignant claims$59,200 $56,000 $61,500 $50,200 $55,300 
Nonmalignant claims$520 $400 $550 $3,900 $4,700 
Movement In Standard Product Warranty Rollforward And Balances The following table summarizes information concerning the Company's recorded obligations for product warranties and product performance guarantees:
 Years Ended December 31,
202220212020
Beginning of year$223 $243 $269 
Accruals for warranties/guarantees issued during the year117 146 164 
Adjustment of pre-existing warranties/guarantees(12)(7)(18)
Settlement of warranty/guarantee claims(115)(159)(172)
End of year$213 $223 $243 
Product warranties and product performance guarantees are included in the following balance sheet accounts:
 December 31,
20222021
Accrued liabilities$175 $180 
Other liabilities38 43 
$213 $223