COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Loss Contingency

The following table summarizes information concerning the Company's recorded liabilities for environmental costs:

Balance at December 31, 2022	$	615
Accruals for environmental matters deemed probable and reasonably estimable	137
Environmental liability payments	(59)
Balance at June 30, 2023	$	693

Environmental Liabilities are Included in the Following Balance Sheet Accounts

Environmental liabilities are included in the following balance sheet accounts:

	June 30, 2023			December 31, 2022
Accrued liabilities		$	222		$	222
Other liabilities		471			393
Total environmental liabilities		$	693		$	615

Asbestos Related Liabilities

	Bendix			NARCO			Total
December 31, 2022		$	1,291		$	1,325		$	2,616
Accrual for update to estimated liability		22			3			25
Change in estimated cost of future claims		17			—			17
Asbestos-related liability payments		(81)			(3)			(84)
NARCO Buyout		—			(1,325)			(1,325)
June 30, 2023		$	1,249		$	—		$	1,249

Insurance Recoveries for Asbestos Related Liabilities

	Bendix			NARCO			Total
December 31, 2022		$	130		$	135		$	265
Probable insurance recoveries related to estimated liability		7			—			7
Insurance receipts for asbestos-related liabilities		(8)			(20)			(28)
June 30, 2023		$	129		$	115		$	244

NARCO and Bendix Asbestos Related Balances are Included in the Following Balance Sheet Accounts

NARCO and Bendix asbestos-related balances are included in the following balance sheet accounts:

	June 30, 2023			December 31, 2022
Other current assets		$	41		$	41
Insurance recoveries for asbestos-related liabilities		203			224
Total insurance recoveries for asbestos-related liabilities		$	244		$	265
Accrued liabilities		$	121		$	1,436
Asbestos-related liabilities		1,128			1,180
Total asbestos-related liabilities(a)		$	1,249		$	2,616

(a) As of December 31, 2022, Accrued liabilities included the Buyout Amount, as described and defined below, agreed upon between Honeywell and the Trust. The Buyout Amount does not represent an asbestos-related liability.

Bendix Related Asbestos Claims Activity

The following tables present information regarding Bendix-related asbestos claims activity:

	Six Months Ended June 30,		Years Ended December 31,
	2023		2022		2021
Claims unresolved at the beginning of period		5,608		6,401		6,242
Claims filed		892		2,014		2,611
Claims resolved		(681)		(2,807)		(2,452)
Claims unresolved at the end of period		5,819		5,608		6,401

Disease Distribution of Claims

	June 30,		December 31,
Disease Distribution of Unresolved Claims	2023		2022		2021
Mesothelioma and other cancer claims		3,552		3,283		3,760
Nonmalignant claims		2,267		2,325		2,641
Total claims		5,819		5,608		6,401

Average Resolution Values per Asbestos Claim

Honeywell has experienced average resolution values per claim excluding legal costs as follows:

	Years Ended December 31,
	2022			2021			2020			2019			2018
	(in whole dollars)
Mesothelioma and other cancer claims		$	59,200		$	56,000		$	61,500		$	50,200		$	55,300
Nonmalignant claims		$	520		$	400		$	550		$	3,900		$	4,700