REPOSITIONING AND OTHER CHARGES (Tables)

6 Months Ended

Jun. 30, 2023

Restructuring and Related Activities [Abstract]

Repositioning and Other Charges

A summary of net repositioning and other charges follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Severance		$	19		$	25		$	86		$	32
Asset impairments		9			25			21			148
Exit costs		38			41			62			58
Reserve adjustments		(12)			(37)			(17)			(52)
Total net repositioning charges		54			54			152			186
Asbestos-related charges, net of insurance and reimbursements		34			40			55			86
Probable and reasonably estimable environmental liabilities, net of reimbursements		12			2			34			16
Other charges		2			131			2			326
Total net repositioning and other charges		$	102		$	227		$	243		$	614

Pretax Distribution of Total Net Repositioning and Other Charges

The following table summarizes the pre-tax distribution of total net repositioning and other charges by classification in the Consolidated Statement of Operations:

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Cost of products and services sold		$	63		$	145		$	143		$	344
Selling, general and administrative expenses		26			25			91			213
Other (income) expense		13			57			9			57
Total net repositioning and other charges		$	102		$	227		$	243		$	614

Pretax Impact of Total Net Repositioning and Other Charges by Segment

The following table summarizes the pre-tax amount of total net repositioning and other charges by reportable business 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,
	2023			2022			2023			2022
Aerospace		$	8		$	15		$	11		$	36
Honeywell Building Technologies		4			23			31			37
Performance Materials and Technologies		4			88			23			247
Safety and Productivity Solutions		31			15			71			142
Corporate and All Other		55			86			107			152
Total net repositioning and other charges		$	102		$	227		$	243		$	614

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, 2022		$	235		$	—		$	74		$	309
Charges		86			21			62			169
Usage—cash		(104)			—			(46)			(150)
Usage—noncash		—			(19)			—			(19)
Foreign currency translation		6			—			16			22
Adjustments		(12)			(2)			(5)			(19)
Balance at June 30, 2023		$	211		$	—		$	101		$	312