REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

See the following disaggregated revenue table and related discussions by reportable business segment for details:

	Three Months Ended March 31,
	2023			2022
Aerospace
Commercial Aviation Original Equipment		$	541		$	478
Commercial Aviation Aftermarket		1,423			1,168
Defense and Space		1,147			1,103
Net Aerospace sales		3,111			2,749
Honeywell Building Technologies
Products		908			879
Building Solutions		579			550
Net Honeywell Building Technologies sales		1,487			1,429
Performance Materials and Technologies
UOP		565			480
Process Solutions		1,288			1,152
Advanced Materials		896			821
Net Performance Materials and Technologies sales		2,749			2,453
Safety and Productivity Solutions
Sensing and Safety Technologies		704			753
Productivity Solutions and Services		347			399
Warehouse and Workflow Solutions		464			592
Net Safety and Productivity Solutions sales		1,515			1,744
Corporate and All Other		2			1
Net sales		$	8,864		$	8,376

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

	Three Months Ended March 31,
	2023			2022
Products, transferred point in time		58	%		59	%
Products, transferred over time		13			14
Net product sales		71			73
Services, transferred point in time		9			8
Services, transferred over time		20			19
Net service sales		29			27
Net sales		100	%		100	%

Contract with Customer Asset and Liability

The following table summarizes the Company's contract assets and liabilities balances:

	2023			2022
Contract assets—January 1		$	2,294		$	2,060
Contract assets—March 31		2,453			2,170
Change in contract assets - increase		$	159		$	110
Contract liabilities—January 1		$	(4,583)		$	(4,290)
Contract liabilities—March 31		(4,291)			(4,323)
Change in contract liabilities - decrease (increase)		$	292		$	(33)
Net change		$	451		$	77

Revenue Remaining Performance Obligation Expected Timing of Satisfaction

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

	March 31, 2023
Aerospace		$	12,592
Honeywell Building Technologies		6,836
Performance Materials and Technologies		8,381
Safety and Productivity Solutions		2,447
Corporate and All Other(1)		4
Total performance obligations		$	30,260

(1) The remaining performance obligations within Corporate and All Other relate to the Quantinuum business.