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CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 2,909 $ 2,397
Less: Net income attributable to noncontrolling interest 28 2
Net income attributable to Honeywell 2,881 2,395
Adjustments to reconcile net income attributable to Honeywell to net cash provided by (used for) operating activities    
Depreciation 327 328
Amortization 240 277
Repositioning and other charges 243 614
Net payments for repositioning and other charges (195) (220)
NARCO Buyout payment (1,325) 0
Pension and other postretirement income (273) (521)
Pension and other postretirement benefit payments (23) (5)
Stock compensation expense 109 113
Deferred income taxes 196 120
Other (643) 81
Changes in assets and liabilities, net of the effects of acquisitions and divestitures    
Accounts receivable (505) (904)
Inventories (338) (434)
Other current assets 208 (38)
Accounts payable 114 (240)
Accrued liabilities (440) (741)
Net cash provided by operating activities 576 825
Cash flows from investing activities    
Capital expenditures (426) (341)
Proceeds from disposals of property, plant and equipment 13 11
Increase in investments (229) (470)
Decrease in investments 632 646
Receipts from Garrett Motion Inc. 0 409
Receipts (payments) from settlements of derivative contracts (38) 337
Cash paid for acquisitions, net of cash acquired (661) (178)
Net cash provided by (used for) investing activities (709) 414
Cash flows from financing activities    
Proceeds from issuance of commercial paper and other short-term borrowings 8,000 2,924
Payments of commercial paper and other short-term borrowings (7,930) (2,926)
Proceeds from issuance of common stock 115 75
Proceeds from issuance of long-term debt 2,966 1
Payments of long-term debt (1,384) (89)
Repurchases of common stock (1,176) (2,437)
Cash dividends paid (1,416) (1,359)
Other (38) (21)
Net cash used for financing activities (863) (3,832)
Effect of foreign exchange rate changes on cash and cash equivalents (5) (118)
Net decrease in cash and cash equivalents (1,001) (2,711)
Cash and cash equivalents at beginning of period 9,627 10,959
Cash and cash equivalents at end of period $ 8,626 $ 8,248