XML 102 R64.htm IDEA: XBRL DOCUMENT v2.4.1.9
INCOME TAX 4 (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Loss Carryforwards [Line Items]        
Operating Loss Carryforwards $ 4,664,000,000us-gaap_OperatingLossCarryforwards      
Tax Credit Carryforward Amount 234,000,000us-gaap_TaxCreditCarryforwardAmount      
Undistributed non-U.S. earnings 15,000,000,000us-gaap_UndistributedEarningsOfForeignSubsidiaries      
Valuation Allowance Deferred Tax Asset Change in Amount (54,000,000)us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount 16,000,000us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount 7,000,000us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount  
Valuation Allowance Deferred Tax Asset Explanation of Change The net deferred tax assets are included as components of Current and Non-Current Deferred Income Taxes and Accrued Liabilities within the Consolidated Balance Sheet. Our net deferred tax asset of $863 million consists of $305 million related to non-U.S. operations which are comprised principally of net deductible temporary differences and net operating loss, capital loss and tax credit carryforwards (mainly in Canada and the United Kingdom). We maintain a valuation allowance of $557 million against a portion of the non-U.S. gross deferred tax assets. Our valuation allowance decreased by $54 million in 2014, increased by $16 million in 2013 and increased by $7 million in 2012. The amount of the change in the valuation allowance that was credited to income tax expense for 2014 was $10 million and the amounts charged to income tax expense for 2013 and 2012 were $49 million and $18 million, respectively. In the event we determine that we will not be able to realize our net deferred tax assets in the future, we will reduce such amounts through a charge to income in the period such determination is made. Conversely, if we determine that we will be able to realize net deferred tax assets in excess of the carrying amounts, we will decrease the recorded valuation allowance through a credit to income tax expense in the period that such determination is made.      
Unrecognized Tax Benefits 659,000,000us-gaap_UnrecognizedTaxBenefits 729,000,000us-gaap_UnrecognizedTaxBenefits 722,000,000us-gaap_UnrecognizedTaxBenefits 815,000,000us-gaap_UnrecognizedTaxBenefits
Unrecognized Tax Benefits Possible Impact To Tax Expense 10,000,000hon_UnrecognizedTaxBenefitsPossibleImpactToTaxExpense 49,000,000hon_UnrecognizedTaxBenefitsPossibleImpactToTaxExpense 18,000,000hon_UnrecognizedTaxBenefitsPossibleImpactToTaxExpense  
Deferred Tax Assets Liabilities Net 863,000,000us-gaap_DeferredTaxAssetsLiabilitiesNet 390,000,000us-gaap_DeferredTaxAssetsLiabilitiesNet    
Valuation allowance (560,000,000)us-gaap_DeferredTaxAssetsValuationAllowance (614,000,000)us-gaap_DeferredTaxAssetsValuationAllowance    
U.S. Federal | 2032 [Member]        
Operating Loss Carryforwards [Line Items]        
Operating Loss Carryforwards 1,000,000us-gaap_OperatingLossCarryforwards
/ hon_IncomeTaxAuthorityByAuthorityAxis
= us-gaap_InternalRevenueServiceIRSMember
/ hon_NetOperatingLossesAndTaxcCeditCarryforwardsExpirationPeriodsAxis
= hon_Year2032Member
     
Operating Loss Carryforward Expiration Dates Dec. 31, 2032      
Tax Credit Carryforward Amount 51,000,000us-gaap_TaxCreditCarryforwardAmount
/ hon_IncomeTaxAuthorityByAuthorityAxis
= us-gaap_InternalRevenueServiceIRSMember
/ hon_NetOperatingLossesAndTaxcCeditCarryforwardsExpirationPeriodsAxis
= hon_Year2032Member
     
Tax Credit Carryforward Expiration Dates Dec. 31, 2032      
Non-U.S.        
Operating Loss Carryforwards [Line Items]        
Deferred Tax Assets Liabilities Net 305,000,000us-gaap_DeferredTaxAssetsLiabilitiesNet
/ hon_IncomeTaxAuthorityByAuthorityAxis
= us-gaap_ForeignCountryMember
     
Valuation allowance (557,000,000)us-gaap_DeferredTaxAssetsValuationAllowance
/ hon_IncomeTaxAuthorityByAuthorityAxis
= us-gaap_ForeignCountryMember
     
Non-U.S. | 2034 [Member]        
Operating Loss Carryforwards [Line Items]        
Operating Loss Carryforwards 2,463,000,000us-gaap_OperatingLossCarryforwards
/ hon_IncomeTaxAuthorityByAuthorityAxis
= us-gaap_ForeignCountryMember
/ hon_NetOperatingLossesAndTaxcCeditCarryforwardsExpirationPeriodsAxis
= hon_Year2034Member
     
Operating Loss Carryforward Expiration Dates Dec. 31, 2034      
Tax Credit Carryforward Amount 148,000,000us-gaap_TaxCreditCarryforwardAmount
/ hon_IncomeTaxAuthorityByAuthorityAxis
= us-gaap_ForeignCountryMember
/ hon_NetOperatingLossesAndTaxcCeditCarryforwardsExpirationPeriodsAxis
= hon_Year2034Member
     
Tax Credit Carryforward Expiration Dates Dec. 31, 2034      
U.S. State | 2034 [Member]        
Operating Loss Carryforwards [Line Items]        
Operating Loss Carryforwards 2,200,000,000us-gaap_OperatingLossCarryforwards
/ hon_IncomeTaxAuthorityByAuthorityAxis
= us-gaap_StateAndLocalJurisdictionMember
/ hon_NetOperatingLossesAndTaxcCeditCarryforwardsExpirationPeriodsAxis
= hon_Year2034Member
     
Operating Loss Carryforward Expiration Dates Dec. 31, 2034      
Tax Credit Carryforward Amount $ 35,000,000us-gaap_TaxCreditCarryforwardAmount
/ hon_IncomeTaxAuthorityByAuthorityAxis
= us-gaap_StateAndLocalJurisdictionMember
/ hon_NetOperatingLossesAndTaxcCeditCarryforwardsExpirationPeriodsAxis
= hon_Year2034Member
     
Tax Credit Carryforward Expiration Dates Dec. 31, 2034