COMMITMENTS AND CONTINGENCIES (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Commitments and Contingencies Disclosure [Abstract] |
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| Loss Contingency |
The following table summarizes information concerning the Company's recorded liabilities for environmental costs: | | | | | | Balance at December 31, 2024 | $ | 678 | | | Accruals for environmental matters deemed probable and reasonably estimable | 150 | | | Environmental liability payments | (73) | | | | Balance at June 30, 2025 | $ | 755 | |
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| Environmental Liabilities are Included in the Following Balance Sheet Accounts |
Environmental liabilities are included in the following balance sheet accounts: | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Accrued liabilities | $ | 240 | | | $ | 244 | | | Other liabilities | 515 | | | 434 | | | Total environmental liabilities | $ | 755 | | | $ | 678 | |
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| Asbestos Related Liabilities |
| | | | | | | | | | | | | | | | | December 31, 2024 | | | | | $ | 1,482 | | | Accrual for update to estimated liability | | | | | 25 | | | Change in estimated cost of future claims | | | | | 10 | | | Asbestos-related liability payments | | | | | (111) | | | | | | | | | June 30, 2025 | | | | | $ | 1,406 | |
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| Insurance Recoveries for Asbestos Related Liabilities |
| | | | | | | | | | | | | | | | | December 31, 2024 | $ | 110 | | | | | | | | | | | | | Insurance receipts for asbestos-related liabilities | (5) | | | | | | | | | | | | | June 30, 2025 | $ | 105 | | | | | |
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| Bendix Asbestos Related Balances are Included in the Following Balance Sheet Accounts |
Bendix asbestos-related balances are included in the following balance sheet accounts: | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Other current assets | $ | 14 | | | $ | 14 | | | Insurance recoveries for asbestos-related liabilities | 91 | | | 96 | | | Total insurance recoveries for asbestos-related liabilities | $ | 105 | | | $ | 110 | | | Accrued liabilities | $ | 163 | | | $ | 157 | | | Asbestos-related liabilities | 1,243 | | | 1,325 | | | Total asbestos-related liabilities | $ | 1,406 | | | $ | 1,482 | |
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| Bendix Related Asbestos Claims Activity |
The following tables present information regarding Bendix-related asbestos claims activity: | | | | | | | | | | | | | | | Six Months Ended
June 30, | | Year Ended December 31, | | | | 2025 | | 2024 | | | | Claims unresolved at the beginning of period | 4,950 | | | 5,517 | | | | | Claims filed | 801 | | | 1,617 | | | | | Claims resolved | (993) | | | (2,184) | | | | | Claims unresolved at the end of period | 4,758 | | | 4,950 | | | |
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| Disease Distribution of Claims |
| | | | | | | | | | | | | | | Disease Distribution of Unresolved Claims | June 30, 2025 | | December 31, 2024 | | | | Mesothelioma and other cancer claims | 3,081 | | | 2,923 | | | | | Nonmalignant claims | 1,677 | | | 2,027 | | | | | Total claims | 4,758 | | | 4,950 | | | |
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| Average Resolution Values per Asbestos Claim |
Honeywell experienced average resolution values per claim excluding legal costs as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | | 2024 | | 2023 | | 2022 | | 2021 | | 2020 | | | (in whole dollars) | | Mesothelioma and other cancer claims | $ | 79,900 | | | $ | 66,200 | | | $ | 59,200 | | | $ | 56,000 | | | $ | 61,500 | | | Nonmalignant claims | 1,100 | | | 1,730 | | | 520 | | | 400 | | | 550 | |
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