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CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 1,408 $ 1,134
Less: Net income attributable to noncontrolling interest 14 0
Net income attributable to Honeywell 1,394 1,134
Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities    
Depreciation 161 167
Amortization 122 163
Repositioning and other charges 141 387
Net payments for repositioning and other charges (41) (108)
NARCO Buyout payment (1,325) 0
Pension and other postretirement income (136) (261)
Pension and other postretirement benefit payments (15) (14)
Stock compensation expense 59 60
Deferred income taxes 225 21
Other (350) (67)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures    
Accounts receivable (422) (285)
Inventories (238) (331)
Other current assets 110 (29)
Accounts payable 114 (199)
Accrued liabilities (583) (602)
Net cash provided by (used for) operating activities (784) 36
Cash flows from investing activities    
Capital expenditures (193) (183)
Proceeds from disposals of property, plant and equipment 11 10
Increase in investments (226) (223)
Decrease in investments 386 304
Receipts from Garrett Motion Inc. 0 197
Receipts (payments) from settlements of derivative contracts (7) 61
Cash paid for acquisitions, net of cash acquired 0 (176)
Net cash used for investing activities (29) (10)
Cash flows from financing activities    
Proceeds from issuance of commercial paper and other short-term borrowings 4,105 1,228
Payments of commercial paper and other short-term borrowings (3,294) (1,228)
Proceeds from issuance of common stock 37 23
Proceeds from issuance of long-term debt 0 1
Payments of long-term debt (1,363) (40)
Repurchases of common stock (699) (1,018)
Cash dividends paid (725) (668)
Other (34) (17)
Net cash used for financing activities (1,973) (1,719)
Effect of foreign exchange rate changes on cash and cash equivalents 28 15
Net decrease in cash and cash equivalents (2,758) (1,678)
Cash and cash equivalents at beginning of period 9,627 10,959
Cash and cash equivalents at end of period $ 6,869 $ 9,281