SEGMENT FINANCIAL DATA

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Segment Financial Data

Honeywell globally manages its 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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net sales
Aerospace
Products	$	1,571	$	1,633	$	3,086	$	3,712
Services	1,195		910		2,312		2,192
Total	2,766		2,543		5,398		5,904
Honeywell Building Technologies
Products	1,042		865		2,051		1,835
Services	365		312		714		623
Total	1,407		1,177		2,765		2,458
Performance Materials and Technologies
Products	2,055		1,793		3,924		3,707
Services	497		425		974		908
Total	2,552		2,218		4,898		4,615
Safety and Productivity Solutions
Products	1,971		1,452		3,987		2,794
Services	112		87		214		169
Total	2,083		1,539		4,201		2,963
	$	8,808	$	7,477	$	17,262	$	15,940
Segment profit
Aerospace	$	710	$	528	$	1,472	$	1,465
Honeywell Building Technologies	315		250		620		512
Performance Materials and Technologies	530		419		964		931
Safety and Productivity Solutions	292		213		595		391
Corporate	(54)		(25)		(83)		(66)
Total segment profit	1,793		1,385		3,568		3,233
Interest and other financial charges	(83)		(90)		(173)		(163)
Stock compensation expense(a)	(39)		(34)		(116)		(78)
Pension ongoing income(b)	272		198		548		396
Other postretirement income(b)	18		14		35		27
Repositioning and other charges(c)	(101)		(280)		(242)		(342)
Other(d)	21		26		122		81
Income before taxes	$	1,881	$	1,219	$	3,742	$	3,154

(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 cost component) and Other (income) expense (non-service cost component).

(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 of affiliated companies is included in segment profit.