XML 40 R27.htm IDEA: XBRL DOCUMENT v3.19.1
REVENUE RECOGNITION AND CONTRACTS WITH CUSTOMERS (Tables)
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
The disaggregation of our revenue based off timing of recognition is as follows:
 
 
Three Months Ended March 31,
 
2019
 
2018
Products, transferred point in time
61
%
 
69
%
Products, transferred over time
15

 
10

Net product sales
76

 
79

Services, transferred point in time
9

 
7

Services, transferred over time
15

 
14

Net service sales
24

 
21

Net sales
100
%
 
100
%
See the following table and related discussions by operating segment for details.
 
 
Three Months Ended
March 31,
 
2019
 
2018
Aerospace
 
 
 
Commercial Aviation Original Equipment
$
759

 
$
695

Commercial Aviation Aftermarket
1,361

 
1,268

Defense and Space
1,221

 
1,086

Transportation Systems

 
928

 
3,341

 
3,977

Honeywell Building Technologies
 
 
 
Homes Products and Software

 
519

Distribution (ADI)

 
638

Products
810

 
714

Building Solutions
579

 
562

 
1,389

 
2,433

Performance Materials and Technologies
 
 
 
UOP
610

 
612

Process Solutions
1,246

 
1,214

Specialty Products
269

 
277

Fluorine Products
447

 
431

 
2,572

 
2,534

Safety and Productivity Solutions
 
 
 
Safety and Retail
538

 
551

Productivity Products
271

 
329

Warehouse and Workflow Solutions
558

 
367

Sensing & Internet-of-Things (IoT)
215

 
201

 
1,582

 
1,448

Net sales
$
8,884

 
$
10,392

Contract with Customer Asset and Liability [Table Text Block]
The following table summarizes our contract assets and liabilities balances:
 
 
2019
 
2018
Contract assets - Beginning period
$
1,548

 
$
1,721

Contract assets - March 31
1,700

 
1,672

Change in contract assets - increase (decrease)
$
152

 
$
(49
)
 
 
 
 
Contract liabilities - Beginning period
$
(3,378
)
 
$
(2,973
)
Contract liabilities - March 31
(3,426
)
 
(3,081
)
Change in contract liabilities - (increase) decrease
$
(48
)
 
$
(108
)
 
 
 
 
Net change
$
104

 
$
(157
)
Revenue Remaining Performance Obligation Expected Timing of Satisfaction [Table Text Block]
The following table outlines our performance obligations disaggregated by segment.
 
 
March 31, 2019
Aerospace
$
10,890

Honeywell Building Technologies
5,657

Performance Materials and Technologies
6,347

Safety and Productivity Solutions
1,850

 
$
24,744