CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
|
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 3,801,000,000
|
$ 3,644,000,000
|
| Less: Net income attributable to the noncontrolling interest |
26,000,000
|
70,000,000
|
| Net income attributable to Honeywell |
3,775,000,000
|
3,574,000,000
|
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: |
|
|
| Depreciation |
546,000,000
|
503,000,000
|
| Amortization |
227,000,000
|
158,000,000
|
| Gain on sale of non-strategic businesses and assets |
(176,000,000)
|
(1,000,000)
|
| Repositioning and other charges |
567,000,000
|
393,000,000
|
| Net payments for repositioning and other charges |
(420,000,000)
|
(329,000,000)
|
| Pension and other postretirement income |
(471,000,000)
|
(269,000,000)
|
| Pension and other postretirement benefit payments |
(110,000,000)
|
(84,000,000)
|
| Stock compensation expense |
145,000,000
|
132,000,000
|
| Deferred income taxes |
146,000,000
|
284,000,000
|
| Excess tax benefits from share based payment arrangements |
0
|
(69,000,000)
|
| Other |
(33,000,000)
|
151,000,000
|
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures: |
|
|
| Accounts, notes and other receivables |
(570,000,000)
|
52,000,000
|
| Inventories |
(233,000,000)
|
(20,000,000)
|
| Other current assets |
78,000,000
|
(111,000,000)
|
| Accounts payable |
(18,000,000)
|
(13,000,000)
|
| Accrued liabilities |
3,000,000
|
(795,000,000)
|
| Net cash provided by operating activities |
3,456,000,000
|
3,556,000,000
|
| Cash flows from investing activities: |
|
|
| Expenditures for property, plant and equipment |
(749,000,000)
|
(685,000,000)
|
| Proceeds from disposals of property, plant and equipment |
4,000,000
|
3,000,000
|
| Increase in investments |
(3,083,000,000)
|
(5,701,000,000)
|
| Decrease in investments |
2,658,000,000
|
4,050,000,000
|
| Cash paid for acquisitions, net of cash acquired |
(2,568,000,000)
|
(185,000,000)
|
| Proceeds from sales of businesses, net of fees paid |
304,000,000
|
3,000,000
|
| Other |
158,000,000
|
(69,000,000)
|
| Net cash used for investing activities |
(3,276,000,000)
|
(2,584,000,000)
|
| Cash flows from financing activities: |
|
|
| Net (decrease) increase in commercial paper and other short-term borrowings |
(425,000,000)
|
2,011,000,000
|
| Proceeds from issuance of common stock |
386,000,000
|
150,000,000
|
| Proceeds from issuance of long-term debt |
4,510,000,000
|
48,000,000
|
| Payments of long-term debt |
(478,000,000)
|
(148,000,000)
|
| Excess tax benefits from share based payment arrangements |
0
|
69,000,000
|
| Repurchases of common stock |
(1,866,000,000)
|
(1,721,000,000)
|
| Cash dividends paid |
(1,410,000,000)
|
(1,261,000,000)
|
| Payments to purchase the noncontrolling interest |
(238,000,000)
|
0
|
| AdvanSix pre-separation funding |
269,000,000
|
0
|
| AdvanSix pre-spin borrowing |
38,000,000
|
0
|
| AdvanSix cash at spinoff |
(38,000,000)
|
0
|
| Other |
(40,000,000)
|
(61,000,000)
|
| Net cash provided by (used for) financing activities |
708,000,000
|
(913,000,000)
|
| Effect of foreign exchange rate changes on cash and cash equivalents |
88,000,000
|
(455,000,000)
|
| Net increase (decrease) in cash and cash equivalents |
976,000,000
|
(396,000,000)
|
| Cash and cash equivalents at beginning of period |
5,455,000,000
|
6,959,000,000
|
| Cash and cash equivalents at end of period |
$ 6,431,000,000
|
$ 6,563,000,000
|