SEGMENT FINANCIAL DATA

9 Months Ended

Sep. 30, 2020

Note 14. Segment Financial Data

Honeywell globally manages our business operations through four reportable operating segments. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance.

Honeywell’s senior management evaluates segment performance based on segment profit. Each segment’s profit is measured as segment income (loss) before taxes excluding general corporate unallocated expense, interest and other financial charges, stock compensation expense, pension and other postretirement income (expense), repositioning and other charges, and other items within Other (income) expense.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net sales
Aerospace
Products	$	1,623	$	2,213	$	5,335	$	6,462
Services	1,039		1,331		3,231		3,931
Total	2,662		3,544		8,566		10,393
Honeywell Building Technologies
Products	972		1,091		2,807		3,283
Services	333		324		956		971
Total	1,305		1,415		3,763		4,254
Performance Materials and Technologies
Products	1,803		2,129		5,510		6,437
Services	449		541		1,357		1,540
Total	2,252		2,670		6,867		7,977
Safety and Productivity Solutions
Products	1,487		1,360		4,281		4,314
Services	91		97		260		275
Total	1,578		1,457		4,541		4,589
	$	7,797	$	9,086	$	23,737	$	27,213
Segment profit
Aerospace	$	617	$	908	$	2,082	$	2,653
Honeywell Building Technologies	282		297		794		868
Performance Materials and Technologies	442		582		1,373		1,790
Safety and Productivity Solutions	219		195		610		598
Corporate	(7)		(54)		(73)		(202)
Total segment profit	1,553		1,928		4,786		5,707
Interest and other financial charges	(101)		(96)		(264)		(266)
Stock compensation expense(a)	(40)		(37)		(118)		(112)
Pension ongoing income(b)	197		150		593		449
Other postretirement income(b)	13		12		40		35
Repositioning and other charges(c)	(144)		(96)		(486)		(306)
Other(d)	(330)		106		(249)		284
Income before taxes	$	1,148	$	1,967	$	4,302	$	5,791

(a) Amounts included in Selling, general and administrative expenses.

(b) Amounts included in Cost of products and services sold and Selling, general and administrative expenses (service costs) and Other income/expense (non-service cost components).

(c) Amounts included in Cost of products and services sold, Selling, general and administrative expenses, and Other income/expense.(d) Amounts include the other components of Other income/expense not included within other categories in this reconciliation. Equity income/loss of affiliated companies is included in segment profit.