CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Cash flows from operating activities: | ||
Net income | $ 1,146,000,000us-gaap_ProfitLoss | $ 1,036,000,000us-gaap_ProfitLoss |
Less: Net income attributable to the noncontrolling interest | 30,000,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 19,000,000us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
Net income attributable to Honeywell | 1,116,000,000us-gaap_NetIncomeLoss | 1,017,000,000us-gaap_NetIncomeLoss |
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: | ||
Depreciation | 163,000,000us-gaap_Depreciation | 168,000,000us-gaap_Depreciation |
Amortization | 53,000,000us-gaap_AdjustmentForAmortization | 70,000,000us-gaap_AdjustmentForAmortization |
Gain on sale of available for sale investments | 0us-gaap_MarketableSecuritiesRealizedGainLoss | (105,000,000)us-gaap_MarketableSecuritiesRealizedGainLoss |
Repositioning and other charges | 131,000,000us-gaap_RestructuringCosts | 214,000,000us-gaap_RestructuringCosts |
Net payments for repositioning and other charges | (100,000,000)hon_NetPaymentsForRepositioningAndOtherCharges | (125,000,000)hon_NetPaymentsForRepositioningAndOtherCharges |
Pension and other postretirement income | (91,000,000)us-gaap_PensionAndOtherPostretirementBenefitExpense | (49,000,000)us-gaap_PensionAndOtherPostretirementBenefitExpense |
Pension and other postretirement benefit payments | (9,000,000)us-gaap_PensionAndOtherPostretirementBenefitContributions | (36,000,000)us-gaap_PensionAndOtherPostretirementBenefitContributions |
Stock compensation expense | 52,000,000us-gaap_ShareBasedCompensation | 52,000,000us-gaap_ShareBasedCompensation |
Deferred income taxes | 93,000,000us-gaap_DeferredIncomeTaxesAndTaxCredits | 2,000,000us-gaap_DeferredIncomeTaxesAndTaxCredits |
Excess tax benefits from share based payment arrangements | (47,000,000)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (30,000,000)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
Other | (102,000,000)us-gaap_OtherNoncashIncomeExpense | (24,000,000)us-gaap_OtherNoncashIncomeExpense |
Changes in assets and liabilities, net of the effects of acquisitions and divestitures: | ||
Accounts, notes and other receivables | (170,000,000)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable | (154,000,000)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable |
Inventories | (86,000,000)us-gaap_IncreaseDecreaseInInventories | (115,000,000)us-gaap_IncreaseDecreaseInInventories |
Other current assets | 58,000,000us-gaap_IncreaseDecreaseInOtherOperatingAssets | 236,000,000us-gaap_IncreaseDecreaseInOtherOperatingAssets |
Accounts payable | (112,000,000)us-gaap_IncreaseDecreaseInAccountsPayable | (41,000,000)us-gaap_IncreaseDecreaseInAccountsPayable |
Accrued liabilities | (528,000,000)us-gaap_IncreaseDecreaseInAccruedLiabilities | (392,000,000)us-gaap_IncreaseDecreaseInAccruedLiabilities |
Net cash provided by operating activities | 421,000,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 688,000,000us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
Cash flows from investing activities: | ||
Expenditures for property, plant and equipment | (165,000,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (192,000,000)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Proceeds from disposals of property, plant and equipment | 1,000,000us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 7,000,000us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
Increase in investments | (1,501,000,000)us-gaap_PaymentsToAcquireInvestments | (631,000,000)us-gaap_PaymentsToAcquireInvestments |
Decrease in investments | 1,106,000,000us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments | 410,000,000us-gaap_ProceedsFromSaleMaturityAndCollectionsOfInvestments |
Cash paid for acquisitions, net of cash acquired | (185,000,000)us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates | 0us-gaap_PaymentsToAcquireBusinessesAndInterestInAffiliates |
Proceeds from sales of businesses, net of fees paid | 2,000,000us-gaap_ProceedsFromDivestitureOfBusinesses | 0us-gaap_ProceedsFromDivestitureOfBusinesses |
Other | (178,000,000)us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 61,000,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
Net cash used for investing activities | (920,000,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (345,000,000)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
Cash flows from financing activities: | ||
Net increase in commercial paper | 1,048,000,000us-gaap_ProceedsFromRepaymentsOfCommercialPaper | 1,100,000,000us-gaap_ProceedsFromRepaymentsOfCommercialPaper |
Net increase (decrease) in short-term borrowings | 4,000,000us-gaap_ProceedsFromRepaymentsOfShortTermDebt | (10,000,000)us-gaap_ProceedsFromRepaymentsOfShortTermDebt |
Proceeds from issuance of common stock | 78,000,000us-gaap_ProceedsFromIssuanceOrSaleOfEquity | 92,000,000us-gaap_ProceedsFromIssuanceOrSaleOfEquity |
Proceeds from issuance of long-term debt | 3,000,000us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet | 25,000,000us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet |
Payments of long-term debt | (35,000,000)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities | (602,000,000)us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities |
Excess tax benefits from share based payment arrangements | 47,000,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 30,000,000us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
Repurchases of common stock | (363,000,000)us-gaap_PaymentsForRepurchaseOfCommonStock | (320,000,000)us-gaap_PaymentsForRepurchaseOfCommonStock |
Cash dividends paid | (415,000,000)us-gaap_PaymentsOfDividendsCommonStock | (363,000,000)us-gaap_PaymentsOfDividendsCommonStock |
Net cash provided by (used for) financing activities | 367,000,000us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (48,000,000)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
Effect of foreign exchange rate changes on cash and cash equivalents | (252,000,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (45,000,000)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
Net (decrease) increase in cash and cash equivalents | (384,000,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 250,000,000us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents at beginning of period | 6,959,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue | 6,422,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents at end of period | $ 6,575,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 6,672,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue |
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- Definition
The amount of cash paid during the reporting period for charges associated with the consolidation and relocation of operations, disposition or abandonment of operations or productive assets (that is, for reorganizing and restructuring charges and No definition available.
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- Definition
The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period of the sum of amounts due within one year (or one business cycle) from customers for the credit sale of goods and services; and from note holders for outstanding loans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the total realized gain (loss) included in earnings for the period as a result of selling marketable securities categorized as trading, available-for-sale, or held-to-maturity. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a controlling interest in another entity or an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the purchase of all investments (debt, security, other) during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash or cash equivalents contributed during the reporting period by the entity to fund its pension plans and its non-pension postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period is the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost is accrued during the employee's service period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with security instrument that either represents a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Includes proceeds from (a) debt, (b) capital lease obligations, (c) mandatory redeemable capital securities, and (d) any combination of (a), (b), or (c). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or cash outflow from issuing (borrowing) and repaying commercial paper. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the sale, maturity and collection of all investments such as debt, security and so forth during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with security instruments that either represent a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Includes repayments of (a) debt, (b) capital lease obligations, (c) mandatory redeemable capital securities, and (d) any combination of (a), (b), or (c). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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