CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
|
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
| Cash flows from operating activities: |
|
|
| Net income |
$ 2,732,000,000
|
$ 2,553,000,000
|
| Less: Net income attributable to the noncontrolling interest |
14,000,000
|
18,000,000
|
| Net income attributable to Honeywell |
2,718,000,000
|
2,535,000,000
|
| Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities: |
|
|
| Depreciation |
354,000,000
|
364,000,000
|
| Amortization |
193,000,000
|
149,000,000
|
| Repositioning and other charges |
353,000,000
|
265,000,000
|
| Net payments for repositioning and other charges |
(264,000,000)
|
(266,000,000)
|
| Pension and other postretirement income |
(373,000,000)
|
(318,000,000)
|
| Pension and other postretirement benefit payments |
(47,000,000)
|
(81,000,000)
|
| Stock compensation expense |
94,000,000
|
96,000,000
|
| Deferred income taxes |
(92,000,000)
|
182,000,000
|
| Other |
(8,000,000)
|
(25,000,000)
|
| Changes in assets and liabilities, net of the effects of acquisitions and divestitures: |
|
|
| Accounts receivable |
(276,000,000)
|
(357,000,000)
|
| Inventories |
(298,000,000)
|
(212,000,000)
|
| Other current assets |
(3,000,000)
|
(138,000,000)
|
| Accounts payable |
314,000,000
|
0
|
| Accrued liabilities |
(278,000,000)
|
(292,000,000)
|
| Net cash provided by operating activities |
2,387,000,000
|
1,902,000,000
|
| Cash flows from investing activities: |
|
|
| Expenditures for property, plant and equipment |
(401,000,000)
|
(475,000,000)
|
| Proceeds from disposals of property, plant and equipment |
25,000,000
|
1,000,000
|
| Increase in investments |
(2,329,000,000)
|
(1,821,000,000)
|
| Decrease in investments |
1,841,000,000
|
1,785,000,000
|
| Cash paid for acquisitions, net of cash acquired |
(15,000,000)
|
(1,084,000,000)
|
| Other |
(113,000,000)
|
52,000,000
|
| Net cash used for investing activities |
(992,000,000)
|
(1,542,000,000)
|
| Cash flows from financing activities: |
|
|
| Proceeds from issuance of commercial paper and other short-term borrowings |
5,036,000,000
|
10,694,000,000
|
| Payments of commercial paper and other short-term borrowings |
(4,835,000,000)
|
(12,918,000,000)
|
| Proceeds from issuance of common stock |
376,000,000
|
243,000,000
|
| Proceeds from issuance of long-term debt |
16,000,000
|
4,473,000,000
|
| Payments of long-term debt |
(30,000,000)
|
(470,000,000)
|
| Repurchases of common stock |
(992,000,000)
|
(1,633,000,000)
|
| Cash dividends paid |
(1,049,000,000)
|
(957,000,000)
|
| Payments to purchase the noncontrolling interest |
0
|
(238,000,000)
|
| Other |
(105,000,000)
|
(15,000,000)
|
| Net cash used for financing activities |
(1,583,000,000)
|
(821,000,000)
|
| Effect of foreign exchange rate changes on cash and cash equivalents |
222,000,000
|
51,000,000
|
| Net increase (decrease) in cash and cash equivalents |
34,000,000
|
(410,000,000)
|
| Cash and cash equivalents at beginning of period |
7,843,000,000
|
5,455,000,000
|
| Cash and cash equivalents at end of period |
$ 7,877,000,000
|
$ 5,045,000,000
|